Summary Prospectus Supplement | August 30, 2021 |
Putnam Short Duration Bond Fund | |
Summary Prospectus dated February 28, 2021 |
Effective August 31, 2021, the section Your fund’s management is replaced in its entirety with the following:
Your fund’s management
Investment advisor
Putnam Investment Management, LLC
Portfolio managers
Albert Chan, Head of Portfolio Construction, portfolio manager of the fund since 2017
Andrew Benson, Portfolio Manager, portfolio manager of the fund since 2021
Joanne Driscoll, Head of Short Term Liquid Markets, portfolio manager of the fund since 2021
Brett Kozlowski, Co-Head of Structured Credit, portfolio manager of the fund since 2018
Michael Lima, Portfolio Manager, Analyst, portfolio manager of the fund since 2021.
Sub-advisors
Putnam Investments Limited*
The Putnam Advisory Company, LLC*
* Though the investment advisor has retained the services of both Putnam Investments Limited (PIL) and The Putnam Advisory Company, LLC (PAC), PIL and PAC do not currently manage any assets of the fund.
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