Michael V. Salm

Co-Head of Fixed Income

Mr. Salm is a Co-Head of Fixed Income. He specializes in mortgage and securitized products, interest-rate and volatility derivatives, and money markets. Mr. Salm is a portfolio manager of Putnam Diversified Income Trust, Putnam Global Income Trust, Putnam Fixed Income Absolute Return Fund, Putnam Income Fund, Putnam Master Intermediate Income Trust, Putnam Mortgage Securities Fund, Putnam Premier Income Trust, Putnam Ultra Short Duration Income Fund, and 37 Capital's Securitized Fixed Income strategy. In addition, he oversees Putnam's trading operations and fixed income quantitative teams. He joined Putnam in 1997 and has been in the investment industry since 1989.

Funds managed

Fact sheet Annual Semi annual Compare
Diversified Income Trust
Overall Morningstar RatingTM among 289 funds in the Nontraditional Bond category.
10-year Morningstar RatingTM among 79 funds in the Nontraditional Bond category.
Fixed Income Absolute Return Fund
Overall Morningstar RatingTM among 289 funds in the Nontraditional Bond category.
5-year Morningstar RatingTM among 245 funds in the Nontraditional Bond category.
3-year Morningstar RatingTM among 289 funds in the Nontraditional Bond category.
Global Income Trust
Overall Morningstar RatingTM among 188 funds in the World Bond category.
10-year Morningstar RatingTM among 106 funds in the World Bond category.
3-year Morningstar RatingTM among 188 funds in the World Bond category.
Income Fund
Overall Morningstar RatingTM among 536 funds in the Intermediate Core-Plus Bond category.
10-year Morningstar RatingTM among 333 funds in the Intermediate Core-Plus Bond category.
3-year Morningstar RatingTM among 536 funds in the Intermediate Core-Plus Bond category.
Mortgage Opportunities Fund
Mortgage Securities Fund
Ultra Short Duration Income Fund
3-year Morningstar RatingTM among 162 funds in the Ultrashort Bond category.

Closed End Funds

Master Intermediate Income Trust
Premier Income Trust

Whitepapers

Fixed-Income Outlook

Q2 2020

Analysis of global bond market sectors from the Co-Heads of Fixed Income.