Government Money Market Fund (PGDXX)
Pursuing income while preserving capital with the highest quality short-term investments.
- Asset Liquidity
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|Net asset value||
0.00% ( $0.00 )
Strategy and process
- Capital preservation: The fund invests at least 99.5 percent of its total assets in cash, U.S. government securities, and repurchase agreements collateralized by U.S. government securities or cash.
- A high-quality portfolio: The fund invests in high-quality debt securities that are obligations of the U.S. government and its agencies and instrumentalities. Accordingly, the vast majority of the portfolio is backed by the full faith and credit of the United States or by the credit of a federal agency or government-sponsored entity, such as Fannie Mae and Freddie Mac.
- Leading research: The fund's veteran portfolio managers, supported by Putnam's fixed income research division, manage risk by analyzing individual securities and overall market conditions.
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. 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. Certain securities in which the fund may invest, including securities issued by certain U.S. government agencies and U.S. government sponsored enterprises, are not guaranteed by the U.S. government or supported by the full faith and credit of the United States. Mortgage-backed securities are subject to prepayment risk and the risk that they may increase in value less when interest rates decline and decline in value more when interest rates rise.