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Putnam Short Duration Bond A (PARTX)

9.91
0.00
(0.00%)
At close: 8:09:25 AM EDT

Fund Summary

The fund invests in a diversified portfolio of fixed income securities. Under normal circumstances, the fund will invest at least 80% of its net assets in bonds (bonds include any debt instrument, and may be represented by other investment instruments, including derivatives).

Putnam Short Duration Bond A

Boston MA 02109
One Post Office Square

Fund Overview

Category Short-Term Bond
Fund Family Franklin Templeton Investments
Net Assets 1.37B
YTD Return 2.33%
Yield 3.92%
Morningstar Rating
Inception Date Dec 23, 2008

Fund Operations

Last Dividend 0.13
Last Cap Gain -8.00
Holdings Turnover 41.00%
Average for Category --

Fees & Expenses

Expense PARTX Category Average
Annual Report Expense Ratio (net) 0.62% 0.68%
Prospectus Net Expense Ratio 0.62% --
Prospectus Gross Expense Ratio 0.62% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.12%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Ms. Driscoll is the Head of Short Term Liquid Markets in the Fixed Income group. She is responsible for the oversight of investment strategies and the management of short duration products along with SEC Rule 2a-7 mandated portfolios and other cash assets. Ms. Driscoll also oversees the Trading Operations team. She is a Portfolio Manager of Putnam`s Government Money Market, Money Market, Short Duration Bond, and Ultra Short Duration Income strategies, as well as offshore funds and securities lending pools. Ms. Driscoll is a member of the Putnam Benefits Investment Committee. She joined Putnam in 1995 and has been in the investment industry since 1992. Prior to joining Putnam, Ms. Driscoll was a Finance Teaching Assistant at Northeastern University from 1993 to 1995 and an Investment Associate at BayBank Investment Management from 1992 to 1993. Ms. Driscoll earned an M.B.A. from Northeastern University and a B.S. from Westfield State College.

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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