0001193125-12-509198.txt : 20121220 0001193125-12-509198.hdr.sgml : 20121220 20121220061546 ACCESSION NUMBER: 0001193125-12-509198 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121220 DATE AS OF CHANGE: 20121220 EFFECTIVENESS DATE: 20121220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-00515 FILM NUMBER: 121275809 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07513 FILM NUMBER: 121275810 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 0001005942 S000034192 Putnam Short Duration Income Fund C000105375 Class A C000105376 Class B C000105377 Class C C000105378 Class M C000105379 Class R C000105380 Class Y C000118011 Class R5 C000118012 Class R6 485BPOS 1 d447624d485bpos.htm PUTNAM FUNDS TRUST Putnam Funds Trust

As filed with the Securities and Exchange Commission on December 20, 2012

Registration No. 333-515

811-07513

 

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM N-1A

REGISTRATION STATEMENT

UNDER

   THE SECURITIES ACT OF 1933   x
   Pre-Effective Amendment No.   ¨
   Post-Effective Amendment No. 157   x

and

REGISTRATION STATEMENT

UNDER

   THE INVESTMENT COMPANY ACT OF 1940   x
  

Amendment No. 158

(Check appropriate box or boxes)

  x

 

 

PUTNAM FUNDS TRUST

(Exact Name of Registrant as Specified in Charter)

 

 

One Post Office Square, Boston, Massachusetts 02109

(Address of Principal Executive Offices) (Zip Code)

Registrant’s Telephone Number, including Area Code

(617) 292-1000

 

 

It is proposed that this filing will become effective (check appropriate box)

  ¨ immediately upon filing pursuant to paragraph (b)
  x on November 30, 2012 pursuant to paragraph (b)
  ¨ 60 days after filing pursuant to paragraph (a)(1)
  ¨ on (date) pursuant to paragraph (a)(1)
  ¨ 75 days after filing pursuant to paragraph (a)(2)
  ¨ on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

  ¨ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

ROBERT T. BURNS, Vice President

PUTNAM FUNDS TRUST

One Post Office Square

Boston, Massachusetts 02109

(Name and address of agent for service)

 

 

Copy to:

JOHN W. GERSTMAYR, Esquire

ROPES & GRAY LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199-3600

 

 

This Post-Effective Amendment relates solely to the Registrant’s Putnam Short Duration Income Fund series. Information contained in the Registrant’s Registration Statement relating to any other series of the Registrant is neither amended nor superseded hereby.

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Boston, and The Commonwealth of Massachusetts, on the 20th day of December, 2012.

 

Putnam Funds Trust

By: /s/ Jonathan S. Horwitz, Executive Vice President,

Principal Executive Officer and Compliance Liaison

Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement of Putnam Funds Trust has been signed below by the following persons in the capacities and on the dates indicated:

 

Signature   Title
Jameson A. Baxter *   Chair, Board of Trustees
Robert L. Reynolds*   President and Trustee
Jonathan S. Horwitz*   Executive Vice President, Principal Executive Officer and Compliance Liaison
Steven D. Krichmar*   Vice President and Principal Financial Officer
Janet C. Smith*   Vice President, Principal Accounting Officer and Assistant Treasurer
Liaquat Ahamed*   Trustee
Ravi Akhoury*   Trustee
Barbara M. Baumann*   Trustee
Charles B. Curtis*   Trustee
Robert J. Darretta*   Trustee
Katinka Domotorffy*   Trustee
John A. Hill*   Trustee

 

C-1


Paul L. Joskow*   Trustee
Elizabeth T. Kennan*   Trustee
Kenneth R. Leibler*   Trustee
Robert E. Patterson*   Trustee
George Putnam, III*   Trustee
W. Thomas Stephens*   Trustee

 

  By: /s/ Jonathan S. Horwitz, as Attorney-in-Fact
  December 20, 2012

 

* Signed pursuant to power of attorney filed in Post-Effective Amendment No.150 to the Registrant’s Registration Statement on September 28, 2012.

 

C-2


EXHIBIT INDEX

 

XBRL Instance Document    Ex-101.ins
XBRL Taxonomy Extension Schema Document    Ex-101.sch
XBRL Taxonomy Extension Calculation Linkbase Document    Ex-101.cal
XBRL Taxonomy Extension Labels Linkbase    Ex-101.lab
XBRL Taxonomy Extension Presentation Linkbase Document    Ex-101.pre
XBRL Taxonomy Extension Definition Linkbase    Ex-101.def

 

C-3

EX-101.INS 3 pft8-20121128.xml XBRL INSTANCE DOCUMENT 0001005942 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000105375Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000105376Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000105377Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000105378Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000105379Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000118011Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000118012Member 2011-12-01 2012-11-30 0001005942 pft8:S000034192Member pft8:C000105380Member 2011-12-01 2012-11-30 pure iso4217:USD 485BPOS 2012-11-30 PUTNAM FUNDS TRUST 0001005942 2012-11-28 2012-11-30 2012-07-31 false <b>Fund summary</b> <b>Goal</b> Putnam Short Duration Income Fund seeks as high a rate of current income as Putnam Investment Management, LLC believes is consistent with preservation of capital and maintenance of liquidity. <b>Fees and expenses</b> The following table describes the fees and expenses you may pay if you buy and hold shares of the fund. <b>Example</b> <b>Portfolio turnover</b> The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund&#8217;s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund&#8217;s turnover rate for the period from October 17, 2011 (commencement of operations) through July 31, 2012 was 2%. <b>Risks</b> <b>Performance</b> Performance information will be available after the fund completes a full year of operation. <b>Shareholder fees </b>(fees paid directly from your investment) <b>Annual fund operating expenses </b><br/>(expenses you pay each year as a percentage of the value of your investment) November 30, 2013 It is important to understand that you can lose money by investing in the fund. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance information will be available after the fund completes a full year of operation. 0 0 0 0 0 0 0 0 0.01 0.05 0.01 0.0015 0 0 0 0 0.0036 0.0036 0.0036 0.0036 0.0036 0.0036 0.0036 0.0036 0.005 0.001 0.005 0.0015 0.005 0.0026 0.0029 0.0036 0.0026 0.0026 0.0026 0.0026 0.0026 0.0065 0.0062 0.0072 0.0112 0.0077 0.0112 0.0112 0.0072 -0.0042 -0.0035 -0.0032 -0.0032 -0.0032 -0.0032 -0.0032 -0.0032 0.008 0.0045 0.008 0.008 0.004 0.003 0.003 0.003 41 82 82 46 82 31 31 31 324 198 324 214 324 188 173 166 586 586 369 396 586 359 328 314 924 1335 1222 864 1335 855 777 744 0.02 <b>Investments</b> <div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamShortDurationIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamShortDurationIncomeFund column period compact * ~</div> <div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamShortDurationIncomeFund column period compact * ~</div> The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then redeem or hold all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund&#8217;s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower. The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment grade money market and other fixed income securities. The fund&#8217;s investments may include obligations of the U.S. government, its agencies and instrumentalities, which are backed by the full faith and credit of the United States (e.g., U.S. Treasury bonds and Ginnie Mae mortgage-backed bonds) or only by the credit of a federal agency or government sponsored entity (e.g., Fannie Mae or Freddie Mac mortgage-backed bonds), domestic corporate debt obligations, taxable municipal debt securities, securitized debt instruments (such as mortgage- and asset-backed securities), repurchase agreements, certificates of deposit, bankers acceptances, commercial paper (including asset-backed commercial paper), time deposits, Yankee Eurodollar securities and money market instruments. We may also invest in U.S.-dollar denominated foreign securities of these types. Under normal circumstances, the effective duration of the fund&#8217;s portfolio will generally not be greater than one year. Effective duration provides a measure of a fund&#8217;s interest-rate sensitivity. The longer a fund&#8217;s duration, the more sensitive the fund is to shifts in interest rates. Under normal circumstances, the dollar-weighted average portfolio maturity of the fund is not expected to exceed three and one-half years.<br/><br/>We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options and swap contracts, for both hedging and non-hedging purposes. It is important to understand that you can lose money by investing in the fund.<br/><br/> The effects of inflation may erode the value of your investment over time. The prices of securities in the fund&#8217;s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific issuer or industry. The risks associated with fixed income investments include interest rate risk, which means the prices of the fund&#8217;s investments are likely to fall if interest rates rise. Fixed income investments also are subject to credit risk, which is the risk that the issuers of the fund&#8217;s investments may default on payment of interest or principal. Credit risk is generally greater for debt not backed by the full faith and credit of the U.S. government, and interest rate risk is generally greater for longer-term debt. Mortgage-backed investments carry the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. Our use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations. <br/><br/> The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. A deferred sales charge on class A, B and C shares may apply to certain redemptions of shares purchased by exchange from another Putnam fund. A deferred sales charge on class M shares may apply to redemptions of shares from certain rollover accounts. A deferred sales charge on class A, B and C shares may apply to certain redemptions of shares purchased by exchange from another Putnam fund. A deferred sales charge on class M shares may apply to redemptions of shares from certain rollover accounts. Other expenses shown have been annualized. Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through at least November 30, 2013. This obligation may be modified or discontinued only with approval of the Board of Trustees. 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Putnam Short Duration Income Fund
Fund summary
Goal
Putnam Short Duration Income Fund seeks as high a rate of current income as Putnam Investment Management, LLC believes is consistent with preservation of capital and maintenance of liquidity.
Fees and expenses
The following table describes the fees and expenses you may pay if you buy and hold shares of the fund.
Shareholder fees (fees paid directly from your investment)
Shareholder Fees Putnam Short Duration Income Fund
Class A
Class B
Class C
Class M
Class R
Class R5
Class R6
Class Y
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) none none none none none none none none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) 1.00% [1] 5.00% [1] 1.00% [1] 0.15% [1] none none none none
[1] A deferred sales charge on class A, B and C shares may apply to certain redemptions of shares purchased by exchange from another Putnam fund. A deferred sales charge on class M shares may apply to redemptions of shares from certain rollover accounts.
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Putnam Short Duration Income Fund
Class A
Class B
Class C
Class M
Class R
Class R5
Class R6
Class Y
Management fees 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36% 0.36%
Distribution and service (12b-1) fees 0.10% 0.50% 0.50% 0.15% 0.50%         
Other expenses [1] 0.26% 0.26% 0.26% 0.26% 0.26% 0.36% 0.29% 0.26%
Total annual fund operating expenses 0.72% 1.12% 1.12% 0.77% 1.12% 0.72% 0.65% 0.62%
Expense reimbursement [2] (0.32%) (0.32%) (0.32%) (0.32%) (0.32%) (0.42%) (0.35%) (0.32%)
Total annual fund operating expenses after expense reimbursement 0.40% 0.80% 0.80% 0.45% 0.80% 0.30% 0.30% 0.30%
[1] Other expenses shown have been annualized.
[2] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through at least November 30, 2013. This obligation may be modified or discontinued only with approval of the Board of Trustees.
Example
The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then redeem or hold all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Expense Example Putnam Short Duration Income Fund (USD $)
Class A
Class B
Class C
Class M
Class R
Class R5
Class R6
Class Y
1 year 41 82 82 46 82 31 31 31
3 years 198 324 324 214 324 188 173 166
5 years 369 586 586 396 586 359 328 314
10 years 864 1,222 1,335 924 1,335 855 777 744
Portfolio turnover
The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate for the period from October 17, 2011 (commencement of operations) through July 31, 2012 was 2%.
Investments
The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment grade money market and other fixed income securities. The fund’s investments may include obligations of the U.S. government, its agencies and instrumentalities, which are backed by the full faith and credit of the United States (e.g., U.S. Treasury bonds and Ginnie Mae mortgage-backed bonds) or only by the credit of a federal agency or government sponsored entity (e.g., Fannie Mae or Freddie Mac mortgage-backed bonds), domestic corporate debt obligations, taxable municipal debt securities, securitized debt instruments (such as mortgage- and asset-backed securities), repurchase agreements, certificates of deposit, bankers acceptances, commercial paper (including asset-backed commercial paper), time deposits, Yankee Eurodollar securities and money market instruments. We 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. Effective duration provides a measure of a fund’s interest-rate sensitivity. The longer a fund’s duration, the more sensitive the fund is to shifts in interest rates. Under normal circumstances, the dollar-weighted average portfolio maturity of the fund is not expected to exceed three and one-half years.

We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options and swap contracts, for both hedging and non-hedging purposes.
Risks
It is important to understand that you can lose money by investing in the fund.

The effects of inflation may erode the value of your investment over time. The prices of securities in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific issuer or industry. The risks associated with fixed income investments include interest rate risk, which means the prices of the fund’s investments are likely to fall if interest rates rise. Fixed income investments also are subject to credit risk, which is the risk that the issuers of the fund’s investments may default on payment of interest or principal. Credit risk is generally greater for debt not backed by the full faith and credit of the U.S. government, and interest rate risk is generally greater for longer-term debt. Mortgage-backed investments carry the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. Our use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance
Performance information will be available after the fund completes a full year of operation.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName PUTNAM FUNDS TRUST
Prospectus Date rr_ProspectusDate Nov. 30, 2012
Putnam Short Duration Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Short Duration Income Fund seeks as high a rate of current income as Putnam Investment Management, LLC believes is consistent with preservation of capital and maintenance of liquidity.
Expense [Heading] rr_ExpenseHeading Fees and expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses you may pay if you buy and hold shares of the fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination November 30, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction-related costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher turnover rate may indicate higher transaction costs and may result in higher taxes when the fund’s shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or the above example, affect fund performance. The fund’s turnover rate for the period from October 17, 2011 (commencement of operations) through July 31, 2012 was 2%.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 2.00%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock A deferred sales charge on class A, B and C shares may apply to certain redemptions of shares purchased by exchange from another Putnam fund. A deferred sales charge on class M shares may apply to redemptions of shares from certain rollover accounts.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock The following hypothetical example is intended to help you compare the cost of investing in the fund with the cost of investing in other funds. It assumes that you invest $10,000 in the fund for the time periods indicated and then redeem or hold all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Strategy [Heading] rr_StrategyHeading Investments
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund invests in a diversified portfolio of fixed income securities comprised of short duration, investment grade money market and other fixed income securities. The fund’s investments may include obligations of the U.S. government, its agencies and instrumentalities, which are backed by the full faith and credit of the United States (e.g., U.S. Treasury bonds and Ginnie Mae mortgage-backed bonds) or only by the credit of a federal agency or government sponsored entity (e.g., Fannie Mae or Freddie Mac mortgage-backed bonds), domestic corporate debt obligations, taxable municipal debt securities, securitized debt instruments (such as mortgage- and asset-backed securities), repurchase agreements, certificates of deposit, bankers acceptances, commercial paper (including asset-backed commercial paper), time deposits, Yankee Eurodollar securities and money market instruments. We 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. Effective duration provides a measure of a fund’s interest-rate sensitivity. The longer a fund’s duration, the more sensitive the fund is to shifts in interest rates. Under normal circumstances, the dollar-weighted average portfolio maturity of the fund is not expected to exceed three and one-half years.

We may consider, among other factors, credit, interest rate and prepayment risks, as well as general market conditions, when deciding whether to buy or sell investments. We may also use derivatives, such as futures, options and swap contracts, for both hedging and non-hedging purposes.
Risk [Heading] rr_RiskHeading Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock It is important to understand that you can lose money by investing in the fund.

The effects of inflation may erode the value of your investment over time. The prices of securities in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific issuer or industry. The risks associated with fixed income investments include interest rate risk, which means the prices of the fund’s investments are likely to fall if interest rates rise. Fixed income investments also are subject to credit risk, which is the risk that the issuers of the fund’s investments may default on payment of interest or principal. Credit risk is generally greater for debt not backed by the full faith and credit of the U.S. government, and interest rate risk is generally greater for longer-term debt. Mortgage-backed investments carry the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise. We may have to invest the proceeds from prepaid investments, including mortgage- and asset-backed investments, in other investments with less attractive terms and yields. Our use of derivatives may increase these risks by increasing investment exposure (which may be considered leverage) or, in the case of many over-the-counter instruments, because of the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the instrument to meet its obligations.

The fund may not achieve its goal, and it is not intended to be a complete investment program. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Risk Lose Money [Text] rr_RiskLoseMoney It is important to understand that you can lose money by investing in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Performance information will be available after the fund completes a full year of operation.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information will be available after the fund completes a full year of operation.
Putnam Short Duration Income Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.10%
Other expenses rr_OtherExpensesOverAssets 0.26% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.72%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.40%
1 year rr_ExpenseExampleYear01 41
3 years rr_ExpenseExampleYear03 198
5 years rr_ExpenseExampleYear05 369
10 years rr_ExpenseExampleYear10 864
Putnam Short Duration Income Fund | Class B
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 5.00% [1]
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.26% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.12%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.80%
1 year rr_ExpenseExampleYear01 82
3 years rr_ExpenseExampleYear03 324
5 years rr_ExpenseExampleYear05 586
10 years rr_ExpenseExampleYear10 1,222
Putnam Short Duration Income Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.26% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.12%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.80%
1 year rr_ExpenseExampleYear01 82
3 years rr_ExpenseExampleYear03 324
5 years rr_ExpenseExampleYear05 586
10 years rr_ExpenseExampleYear10 1,335
Putnam Short Duration Income Fund | Class M
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther 0.15% [1]
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other expenses rr_OtherExpensesOverAssets 0.26% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.77%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.45%
1 year rr_ExpenseExampleYear01 46
3 years rr_ExpenseExampleYear03 214
5 years rr_ExpenseExampleYear05 396
10 years rr_ExpenseExampleYear10 924
Putnam Short Duration Income Fund | Class R
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other expenses rr_OtherExpensesOverAssets 0.26% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.12%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.80%
1 year rr_ExpenseExampleYear01 82
3 years rr_ExpenseExampleYear03 324
5 years rr_ExpenseExampleYear05 586
10 years rr_ExpenseExampleYear10 1,335
Putnam Short Duration Income Fund | Class R5
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets   
Other expenses rr_OtherExpensesOverAssets 0.36% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.72%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.42%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.30%
1 year rr_ExpenseExampleYear01 31
3 years rr_ExpenseExampleYear03 188
5 years rr_ExpenseExampleYear05 359
10 years rr_ExpenseExampleYear10 855
Putnam Short Duration Income Fund | Class R6
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets   
Other expenses rr_OtherExpensesOverAssets 0.29% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.65%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.35%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.30%
1 year rr_ExpenseExampleYear01 31
3 years rr_ExpenseExampleYear03 173
5 years rr_ExpenseExampleYear05 328
10 years rr_ExpenseExampleYear10 777
Putnam Short Duration Income Fund | Class Y
 
Risk/Return: rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) rr_MaximumDeferredSalesChargeOverOther none
Management fees rr_ManagementFeesOverAssets 0.36%
Distribution and service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets   
Other expenses rr_OtherExpensesOverAssets 0.26% [2]
Total annual fund operating expenses rr_ExpensesOverAssets 0.62%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.30%
1 year rr_ExpenseExampleYear01 31
3 years rr_ExpenseExampleYear03 166
5 years rr_ExpenseExampleYear05 314
10 years rr_ExpenseExampleYear10 744
[1] A deferred sales charge on class A, B and C shares may apply to certain redemptions of shares purchased by exchange from another Putnam fund. A deferred sales charge on class M shares may apply to redemptions of shares from certain rollover accounts.
[2] Other expenses shown have been annualized.
[3] Reflects Putnam Investment Management, LLC's contractual obligation to limit certain fund expenses through at least November 30, 2013. This obligation may be modified or discontinued only with approval of the Board of Trustees.
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