Money Market Fund (PDDXX)

Pursuing income while preserving capital with short-term investments since 1976

  • Highlights
  • Performance
  • Holdings
  • Expenses
  • Asset Liquidity

Fund price

Yesterday's close 52-week high 52-week low
Net asset value $1.00
0.00% ( $0.00 )

Management team

Joanne M. Driscoll, CFAMichael J. Lima, CFAJonathan M. Topper

(pictured left to right)
Joanne M. Driscoll, CFA (industry since 1992)
Michael J. Lima, CFA (industry since 1997)
Jonathan M. Topper (industry since 1990)

Strategy and process

  • Capital preservation: The fund invests in highly rated money market instruments to maintain a stable net asset value and protect investors' wealth.
  • Attractive income: The portfolio managers use credit research to select a diverse portfolio of securities that offer above-average yields.
  • Leading research: The managers, supported by Putnam's fixed-income research division, manage risk by analyzing individual securities and overall market conditions.

Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. To obtain the most recent month-end performance, visit

Performance assumes reinvestment of distributions and does not account for taxes. Class A, M, R, and T1 shares have no initial sales charge. Class B shares reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter. Class C shares reflect a 1% CDSC for the first year that is eliminated thereafter. Performance for B, C, M, R, and T1 shares before their inception is derived from the historical performance of class A shares, adjusted for the applicable sales charge (or CDSC) and higher operating expenses for such shares. Class A, M, R, and T1 shares generally have no CDSC. Please see the fund's prospectus for more details. Yield more closely reflects current performance than total return. 

** FundVisualizer comparison based on Putnam fund versus the largest fund in its Morningstar category.

Yield more closely reflects current performance than total return.

Consider these risks before investing: You can lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below certain required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time. 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 effects of inflation may erode the value of your investment over time.