Prospectus Supplement | April 17, 2019 |
Putnam Short Duration Income Fund | |
Prospectus dated November 30, 2018 |
Effective April 30, 2019, the sub-section Your fund’s management – Portfolio managers in the section Fund summary is replaced in its entirety with the following:
Portfolio managers
Joanne Driscoll, Portfolio Manager, portfolio manager of the fund since 2011
Michael Lima, Portfolio Manager, Analyst, portfolio manager of the fund since 2019
Michael Salm, Co-Head of Fixed Income, portfolio manager of the fund since 2011
Emily Shanks, Portfolio Manager, portfolio manager of the fund since 2017
Effective April 30, 2019, the following replaces similar disclosure under the sub-section The fund’s investment manager – Portfolio managers in the section Who oversees and manages the fund?:
• Portfolio managers. The officers of Putnam Management identified below are primarily responsible for the day-to-day management of the fund’s portfolio.
Portfolio | Joined | ||
managers | fund | Employer | Positions over past five years |
Joanne Driscoll | 2011 | Putnam Management | Portfolio Manager |
1995–Present | |||
Michael Lima | 2019 | Putnam Management | Portfolio Manager, Analyst |
1997–Present | |||
Michael Salm | 2011 | Putnam Management | Co-Head of Fixed Income |
1997–Present | |||
Emily Shanks | 2017 | Putnam Management | Portfolio Manager |
2012–Present | Previously, Analyst |
The SAI provides information about these individuals’ compensation, other accounts managed by these individuals and these individuals’ ownership of securities in the fund.
Effective June 1, 2019 (the “Effective Date”), Putnam Short Duration Income Fund will be renamed Putnam Ultra Short Duration Income Fund. On the Effective Date, all references in the fund’s prospectus to “Putnam Short Duration Income Fund” will be replaced with “Putnam Ultra Short Duration Income Fund”.
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