39210-P1 09/24
SUPPLEMENT DATED SEPTEMBER 26, 2024
TO THE PROSPECTUS AND STATEMENT OF
ADDITIONAL INFORMATION (“SAI”) OF
PUTNAM SHORT TERM INVESTMENT FUND
Effective September 30, 2024, the following changes are made to the Fund’s Prospectus and SAI:
| 1) | The following replaces the corresponding disclosure in the section titled “Your fund’s management – Portfolio managers” in the Fund’s Prospectus: |
|
Joanne Driscoll, CFA Portfolio Manager, portfolio manager of the fund since 2013. |
|
Michael Lima, CFA Portfolio Manager, portfolio manager of the fund since 2017. |
| 2) | The following replaces the corresponding disclosure in the section titled “Who oversees and manages the fund? – Portfolio managers” in the Fund’s Prospectus: |
| Portfolio managers | Joined fund | Employer | Positions over past five years |
| Joanne Driscoll, CFA | 2013 |
Franklin Advisers July 2024-Present Putnam Management 1995-July 2024 |
Portfolio Manager |
| Michael Lima, CFA | 2017 |
Franklin Advisers July 2024-Present Putnam Management 1997-July 2024 |
Portfolio Manager Previously, Analyst |
| 3) | The following replaces the table in the section titled “PORTFOLIO MANAGERS – Other accounts managed” in the Fund’s SAI: |
|
Portfolio managers |
Other SEC-registered open-end and closed-end funds |
Other accounts that pool assets from more than one client |
Other accounts (including separate accounts, managed account programs and single-sponsor defined contribution plan offerings) | |||
|
Number of accounts |
Assets |
Number of accounts |
Assets |
Number of accounts |
Assets | |
| Joanne Driscoll | 7* | $13,155,300,000 | 4 | $2,353,700,000 | 1 | $200,000 |
| Michael Lima | 6* | $12,911,500,000 | 3 | $2,353,700,000 | 4 | $4,580,500,000 |
* 1 account, with total assets of $1,318,800,000, pays an advisory fee based on account performance.
| 4) | The following replaces the section titled “PORTFOLIO MANAGERS – Ownership of securities” in the Fund’s SAI: |
| Portfolio manager(s) | Dollar range of fund shares owned |
| Joanne Driscoll | None |
| Michael Lima | None |
Shareholders should retain this Supplement for future reference.
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