Mr. Horner is a Portfolio Manager in the Fixed Income group. He specializes in stable value, general
account insurance, structured investment-grade, absolute return, and multi-sector fixed-income
portfolios within the Corporate and Tax-exempt Credit team. Mr. Horner is responsible for constructing
portfolios, providing fiduciary oversight, and communicating investment team decisions on policy,
strategy, and tactics to Putnam's fixed income clients. He joined Putnam in 1997 and has been in the
investment industry since 1991.
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