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Putnam Ultra Short Duration Income A (PSDTX)

10.08 0.00 (0.00%)
At close: 8:01 PM EDT

Fund Summary

The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment-grade money market and other fixed income securities. It may also invest in U.S. dollar-denominated foreign securities of these types. Under normal circumstances, the effective duration of the fund's portfolio will generally not be greater than one year.

Putnam Ultra Short Duration Income A

Boston MA 02109
One Post Office Square

Fund Overview

Category Ultrashort Bond
Fund Family Franklin Templeton Investments
Net Assets 9.71B
YTD Return 1.30%
Yield 4.97%
Morningstar Rating
Inception Date Oct 17, 2011

Fund Operations

Last Dividend 0.13
Last Cap Gain 0.00
Holdings Turnover 35.00%
Average for Category --

Fees & Expenses

Expense PSDTX Category Average
Annual Report Expense Ratio (net) 0.32% 0.44%
Prospectus Net Expense Ratio 0.32% --
Prospectus Gross Expense Ratio 0.39% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.21%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Ms. Driscoll is a Portfolio Manager of Putnam Funds. Ms. Driscoll is responsible for leading the money market investment process and has accountability for the implementation of the group’s work. She joined Putnam in 1995 as the Money Market Credit Analyst with the Cash Management Group. Ms. Driscoll is a CFA charterholder and has been in the investment industry since 1992.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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