0000928816-16-002215.txt : 20160219 0000928816-16-002215.hdr.sgml : 20160219 20160219085514 ACCESSION NUMBER: 0000928816-16-002215 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 13 FILED AS OF DATE: 20160219 DATE AS OF CHANGE: 20160219 EFFECTIVENESS DATE: 20160219 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: 161440303 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: 161440304 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 S000018606 PUTNAM MONEY MARKET LIQUIDITY FUND C000051613 CLASS P 485BPOS 1 a_pftitemone.htm PUTNAM FUNDS TRUST ON BEHALF OF IT'S MONEY MARKET LIQUIDITY FUND a_pftitemone.htm
As filed with the Securities and Exchange Commission on   
February 19, 2016   
 
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. 227  / X / 
and  ---- 
 
  ---- 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY  / X / 
ACT OF 1940  ---- 
  ---- 
Amendment No. 228  / X / 
(Check appropriate box or boxes)  ---- 
 
---------------   
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 January 30, 2016 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: 
 
BRYAN CHEGWIDDEN, Esquire 
  ROPES & GRAY LLP 
  1211 Avenue of the Americas 
  New York, New York 10036 
  --------------------- 
This Post-Effective Amendment relates solely to the Registrant's Putnam Money Market 
Liquidity 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, as amended, and the Investment Company Act of 1940, as amended, 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, as amended, 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 19 th day of February, 2016.

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, as amended, this Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date 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 
 
Robert J. Darretta*  Trustee 
 
Katinka Domotorffy*  Trustee 
 
John A. Hill*  Trustee 
 
Paul L. Joskow*  Trustee 

 

C-1 

 


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 
January 28, 2016 
 
*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 Labels Linkbase  Ex-101.lab 
XBRL Taxonomy Extension Presentation Linkbase Document  Ex-101.pre 
XBRL Taxonomy Extension Definition Linkbase  Ex-101.def 

 

C-1 

 

 EX-101.INS 2 putna-20160122.xml XBRL INSTANCE FILE 0001005942 2015-01-31 2016-01-30 0001005942 putna:S000018606Member 2015-01-31 2016-01-30 0001005942 putna:S000018606Member putna:C000051613Member 2015-01-31 2016-01-30 iso4217:USD xbrli:pure 485BPOS 2015-09-30 PUTNAM FUNDS TRUST 0001005942 false 2016-01-29 2016-01-30 2016-01-30 <b>Fund Summary</b> <b>Goal</b> Putnam Money Market Liquidity 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>Shareholder fees </b><i>(fees paid directly from your investment) 0 0 <b>Annual fund operating expenses </b><i><br />(expenses you pay each year as a percentage of the value of your investment) 0.0025 0.0003 0.0028 0.0003 <div style="display: none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact putna_S000018606Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact putna_S000018606Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> -0.0025 <b>Example</b> 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. 331 132 65 3 <b>Investments</b> We invest mainly in money market instruments that are high quality and have short-term maturities. We invest significantly in certificates of deposit, commercial paper (including asset-backed commercial paper), U.S. government debt and repurchase agreements, corporate obligations, time deposits and bankers acceptances. We may consider, among other factors, credit and interest rate risks, as well as general market conditions, when deciding whether to buy or sell investments. <b>Risks</b> The effects of inflation may erode the value of your investment over time. Although the fund seeks to preserve the value of your investment at $1.00 per share, deterioration in the credit quality of issuers whose securities the fund holds or an increase in interest rates may impair the value of your investment, and it is possible to lose money by investing in the fund.<br /> <br /> The values of money market investments usually rise and fall in response to changes in interest rates. Interest rate risk is generally lowest for investments with short maturities (a significant part of the fund&#8217;s investments). Although the fund only buys high quality investments, investments backed by a letter of credit have the risk that the provider of the letter of credit will not be able to fulfill its obligations to the issuer.<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. it is possible to 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. <b>Performance</b> The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. Please remember that past performance is not necessarily an indication of future results. <b>Annual total returns for class P shares </b> Please remember that past performance is not necessarily an indication of future results. 0.0018 0.0009 0.0013 0.0008 0.0006 0.0011 Best calendar quarter<br /><b>Q2 2010&#160;&#160;0.05%<br /><br /></b>Worst calendar quarter<br /><b>Q2 2014 &#160;0.01%</b> Best calendar quarter Worst calendar quarter 2010-06-30 0.0005 2014-06-30 0.0001 <b>Average annual total returns </b><i>(for periods ending 12/31/15)</i> 0.0011 0.0009 0.0012 2009-04-13 <div style="display: none">~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact putna_S000018606Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column dei_LegalEntityAxis compact putna_S000018606Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact putna_S000018606Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> January 30, 2017 Although the fund seeks to preserve the value of your investment at $1.00 per share, deterioration in the credit quality of issuers whose securities the fund holds or an increase in interest rates may impair the value of your investment, and it is possible to lose money by investing in the fund. The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund&#8217;s performance year to year and over time. Reflects Putnam Investment Management, LLC&rsquo;s contractual obligation to waive its management fee for this fund through at least January 30, 2017. This obligation may be modified or discontinued only with approval of the Board of Trustees. EX-101.SCH 3 putna-20160122.xsd XBRL SCHEMA FILE EX-101.DEF 4 putna-20160122_def.xml XBRL DEFINITION FILE EX-101.LAB 5 putna-20160122_lab.xml XBRL LABEL FILE PUTNAM MONEY MARKET LIQUIDITY FUND Legal Entity [Axis] CLASS P Share Class [Axis] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management fees Distribution and service (12b-1) fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other expenses Acquired Fund Fees and Expenses Total annual fund operating expenses Expense reimbursement Total annual fund operating expenses after expense reimbursement Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover, Rate Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar 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Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Heading Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Narrative Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Performance Table Footnotes Performance Table Closing [Text Block] Caption Column Label 1 Year 5 Years 10 Years Since Inception Inception Date Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Putnam Money Market Liquidity Fund Class P Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Expense Example, No Redemption [Table] Bar Chart [Table] Performance [Table] Market Index Performance [Table] Expense Example, By Year, Column [Text] Expense Example, No Redemption, By Year, Column [Text] Risk/Return Detail [Table] Putnam Money Market Liquidity Fund Class P EX-101.PRE 6 putna-20160122_pre.xml XBRL PRESENTATION FILE GRAPHIC 8 BarChart1.png IDEA: XBRL DOCUMENT begin 644 BarChart1.png MB5!.1PT*&@H -24A$4@ 9@ %;" 8 #H1YA/ !'-"250(" @( M? 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Putnam Money Market Liquidity Fund
Fund Summary
Goal
Putnam Money Market Liquidity 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 Money Market Liquidity Fund
Class P
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) none
Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is lower) none
Annual fund operating expenses
(expenses you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Putnam Money Market Liquidity Fund
Class P
Management fees 0.25%
Other expenses 0.03%
Total annual fund operating expenses 0.28%
Expense reimbursement (0.25%) [1]
Total annual fund operating expenses after expense reimbursement 0.03%
[1] Reflects Putnam Investment Management, LLC’s contractual obligation to waive its management fee for this fund through at least January 30, 2017. 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 $10,000 in the fund for the time periods indicated and then redeem or hold all your shares at the end of those periods. It assumes a 5% return on your investment each year and that the fund’s operating expenses remain the same. Only the first year of each period in the example takes into account the expense reimbursement described above. Your actual costs may be higher or lower.
Expense Example
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Putnam Money Market Liquidity Fund | Class P | USD ($) 3 65 132 331
Investments
We invest mainly in money market instruments that are high quality and have short-term maturities. We invest significantly in certificates of deposit, commercial paper (including asset-backed commercial paper), U.S. government debt and repurchase agreements, corporate obligations, time deposits and bankers acceptances. We may consider, among other factors, credit and interest rate risks, as well as general market conditions, when deciding whether to buy or sell investments.
Risks
The effects of inflation may erode the value of your investment over time. Although the fund seeks to preserve the value of your investment at $1.00 per share, deterioration in the credit quality of issuers whose securities the fund holds or an increase in interest rates may impair the value of your investment, and it is possible to lose money by investing in the fund.

The values of money market investments usually rise and fall in response to changes in interest rates. Interest rate risk is generally lowest for investments with short maturities (a significant part of the fund’s investments). Although the fund only buys high quality investments, investments backed by a letter of credit have the risk that the provider of the letter of credit will not be able to fulfill its obligations to the issuer.

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
The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. Please remember that past performance is not necessarily an indication of future results.
Annual total returns for class P shares
Bar Chart
Best calendar quarter
Q2 2010  0.05%

Worst calendar quarter
Q2 2014  0.01%
Average annual total returns (for periods ending 12/31/15)
Average Annual Total Returns
1 Year
5 Years
Since Inception
Inception Date
Putnam Money Market Liquidity Fund | Class P 0.11% 0.09% 0.12% Apr. 13, 2009
XML 10 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Label Element Value
Risk Return Abstract rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Sep. 30, 2015
Registrant Name dei_EntityRegistrantName PUTNAM FUNDS TRUST
Central Index Key dei_EntityCentralIndexKey 0001005942
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Jan. 29, 2016
Document Effective Date dei_DocumentEffectiveDate Jan. 30, 2016
Prospectus Date rr_ProspectusDate Jan. 30, 2016
Putnam Money Market Liquidity Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary
Objective [Heading] rr_ObjectiveHeading Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock Putnam Money Market Liquidity 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 January 30, 2017
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 We invest mainly in money market instruments that are high quality and have short-term maturities. We invest significantly in certificates of deposit, commercial paper (including asset-backed commercial paper), U.S. government debt and repurchase agreements, corporate obligations, time deposits and bankers acceptances. We may consider, among other factors, credit and interest rate risks, as well as general market conditions, when deciding whether to buy or sell investments.
Risk [Heading] rr_RiskHeading Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The effects of inflation may erode the value of your investment over time. Although the fund seeks to preserve the value of your investment at $1.00 per share, deterioration in the credit quality of issuers whose securities the fund holds or an increase in interest rates may impair the value of your investment, and it is possible to lose money by investing in the fund.

The values of money market investments usually rise and fall in response to changes in interest rates. Interest rate risk is generally lowest for investments with short maturities (a significant part of the fund’s investments). Although the fund only buys high quality investments, investments backed by a letter of credit have the risk that the provider of the letter of credit will not be able to fulfill its obligations to the issuer.

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 possible to lose money by investing in the fund.
Risk Money Market Fund [Text] rr_RiskMoneyMarketFund Although the fund seeks to preserve the value of your investment at $1.00 per share, deterioration in the credit quality of issuers whose securities the fund holds or an increase in interest rates may impair the value of your investment, and it is possible to 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 The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time. Please remember that past performance is not necessarily an indication of future results.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information below gives some indication of the risks associated with an investment in the fund by showing the fund’s performance year to year and over time.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Please remember that past performance is not necessarily an indication of future results.
Bar Chart [Heading] rr_BarChartHeading Annual total returns for class P shares
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best calendar quarter
Q2 2010  0.05%

Worst calendar quarter
Q2 2014  0.01%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best calendar quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 0.05%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst calendar quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2014
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.01%
Performance Table Heading rr_PerformanceTableHeading Average annual total returns (for periods ending 12/31/15)
Putnam Money Market Liquidity Fund | Class P  
Risk Return Abstract 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 0.25%
Other expenses rr_OtherExpensesOverAssets 0.03%
Total annual fund operating expenses rr_ExpensesOverAssets 0.28%
Expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.25%) [1]
Total annual fund operating expenses after expense reimbursement rr_NetExpensesOverAssets 0.03%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 3
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 65
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 132
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 331
Annual Return 2010 rr_AnnualReturn2010 0.18%
Annual Return 2011 rr_AnnualReturn2011 0.09%
Annual Return 2012 rr_AnnualReturn2012 0.13%
Annual Return 2013 rr_AnnualReturn2013 0.08%
Annual Return 2014 rr_AnnualReturn2014 0.06%
Annual Return 2015 rr_AnnualReturn2015 0.11%
1 Year rr_AverageAnnualReturnYear01 0.11%
5 Years rr_AverageAnnualReturnYear05 0.09%
Since Inception rr_AverageAnnualReturnSinceInception 0.12%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 13, 2009
[1] Reflects Putnam Investment Management, LLC’s contractual obligation to waive its management fee for this fund through at least January 30, 2017. This obligation may be modified or discontinued only with approval of the Board of Trustees.
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