0001005942
pft10:S000039730Member
2012-02-20
2013-02-19
0001005942
2012-02-20
2013-02-19
0001005942
pft10:S000039730Member
pft10:C000123084Member
2012-02-20
2013-02-19
pure
iso4217:USD
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'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.<br /><br />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.<br /><br />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.<br /><br />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.
<div style="display:none">~ http://www.putnam.com/role/ScheduleShareholderFeesPutnamShortTermInvestmentFund column period compact * ~</div>
<div style="display:none">~ http://www.putnam.com/role/ScheduleAnnualFundOperatingExpensesPutnamShortTermInvestmentFund column period compact * ~</div>
485BPOS
2013-02-15
PUTNAM FUNDS TRUST
0001005942
false
2013-02-15
2013-02-19
2013-02-19
<b>Fund summary</b>
<b>Goal</b>
Putnam Short Term Investment 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>(fees paid directly from your investment)
0
0
<b>Annual fund operating expenses </b>(expenses you pay each year as a percentage of the value of your investment)
0.0025
0.0005
0.003
-0.0025
0.0005
<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'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.
5
16
<b>Portfolio turnover</b>
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 will be available after the fund completes its first fiscal year.
<b>Investments</b>
<b>Risks</b>
<b>Performance</b>
Performance information will be available after the fund completes a full calendar year of operation.
June 30, 2014
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 calendar year of operation.
Other expenses are based on estimated amounts for the current fiscal year.
<div style="display:none">~ http://www.putnam.com/role/ScheduleExpenseExamplePutnamShortTermInvestmentFund column period compact * ~</div>
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, 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. The fund will maintain a dollar-weighted average portfolio maturity of three years or less. <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.