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 269 funds in the Nontraditional Bond category.
10-year Morningstar RatingTM among 64 funds in the Nontraditional Bond category.
3-year Morningstar RatingTM among 269 funds in the Nontraditional Bond category.
Fixed Income Absolute Return Fund
3-year Morningstar RatingTM among 269 funds in the Nontraditional Bond category.
Global Income Trust
Overall Morningstar RatingTM among 192 funds in the World Bond category.
10-year Morningstar RatingTM among 111 funds in the World Bond category.
5-year Morningstar RatingTM among 181 funds in the World Bond category.
3-year Morningstar RatingTM among 192 funds in the World Bond category.
Income Fund
Overall Morningstar RatingTM among 539 funds in the Intermediate Core-Plus Bond category.
10-year Morningstar RatingTM among 337 funds in the Intermediate Core-Plus Bond category.
3-year Morningstar RatingTM among 539 funds in the Intermediate Core-Plus Bond category.
Mortgage Opportunities Fund
Mortgage Securities Fund
3-year Morningstar RatingTM among 539 funds in the Intermediate Core-Plus Bond category.
Ultra Short Duration Income Fund

Whitepapers

Fixed-Income Outlook

17-Oct

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