Government Money Market Fund (PGDXX)

Pursuing income while preserving capital with the highest quality short-term investments.

  • 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, CFAJonathan M. Topper

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

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 a 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.