Michael V. Salm

Co-Chief Investment Officer, Fixed Income

Mr. Salm is Co-Chief Investment Officer of Fixed Income and a member of Putnam's Operating Committee. He is responsible for the overall strategy and positioning of Putnam’s fixed-income portfolios. Mr. Salm also oversees Putnam's trading operations and fixed-income quantitative teams. He specializes in investment strategies related to mortgage and structured credit 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 Structured Credit strategies. Previously at Putnam, he served as Co-Head of Fixed Income. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989.

Funds managed

Fact sheet Annual Semi annual
Diversified Income Trust
Fixed Income Absolute Return Fund
Global Income Trust
Overall Morningstar RatingTM among 178 funds in the World Bond category.
10-year Morningstar RatingTM among 108 funds in the World Bond category.
Income Fund
Overall Morningstar RatingTM among 540 funds in the Intermediate Core-Plus Bond category.
10-year Morningstar RatingTM among 340 funds in the Intermediate Core-Plus Bond category.
5-year Morningstar RatingTM among 458 funds in the Intermediate Core-Plus Bond category.
3-year Morningstar RatingTM among 540 funds in the Intermediate Core-Plus Bond category.
Mortgage Opportunities Fund
Mortgage Securities Fund
Ultra Short Duration Income Fund

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.