Putnam Investments - Individual Investors

Robert L. Salvin Portfolio Manager

Funds managed	Fact sheet	Annual	Semi-annual
Convertible Securities Fund
Floating Rate Income Fund
High Yield Fund

Closed End Funds

High Income Securities Fund

Responsibilities

Mr. Salvin is a Portfolio Manager in the Core Fixed Income group, specializing in U.S. high-yield products. He is a Portfolio Manager of Putnam Convertible Securities Fund, Putnam Floating Rate Income Fund, Putnam High Yield Fund, and Putnam High Income Securities Fund. Mr. Salvin joined Putnam in 2000 and has been in the investment industry since 1986. He joined Putnam in 2000 and has been in the investment industry since 1986.

Experience

Years in the industry: 31

Years at Putnam Investments: 17

BancBoston Robertson Stephens
Managing Director, 1997-1999

SBC Warburg Inc.
Director, 1996-1997

Chase Securities
Analyst, 1993-1996

Broadview Associates
Analyst, 1986-1991

Education

University of Chicago, M.B.A.

University of Pennsylvania, Wharton School, B.S.

Robert L. Salvin Portfolio Manager

Funds managed

Closed End Funds