So investiert der Putnam World Trust - Putnam European High Yield Fund Class E Fonds: The Fund’s investment objective is to provide high current income. Capital growth is a secondary objective when consistent with the objective of high current income. The Fund is actively managed and measures its performance against a benchmark, the ICE BofA European Currency High Yield Constrained Index, which is an unmanaged list of lower-rated, higher-yielding, European corporate bonds with all currency exposure hedged back into euro. Although the Fund measures its performance against the benchmark, it is not an index tracker. Any change to the benchmark will be set out in the periodic reports.