Michael J. Lima, CFA

Portfolio Manager, Analyst

Mr. Lima is a Portfolio Manager and an Analyst on the Credit Research team in the Fixed Income group. He is a Portfolio Manager of Putnam Money Market Fund, Putnam Short Duration Bond Fund, Putnam Ultra Short Duration Income Fund, and Putnam Short Term Investment Fund. As an Analyst, Mr. Lima is responsible for conducting fundamental analysis, developing insights on material sustainability issues, assessing valuations, and making buy/sell recommendations for companies in the global financials sector, which impact multiple fixed-income strategies. He has been in the investment industry since he joined Putnam in 1997. Mr. Lima is a member of the CFA Society Boston.

Mutual Funds

Fact sheet Annual Semi annual
Money Market Fund
Short Duration Bond Fund
Overall Morningstar RatingTM among 547 funds in the Short-Term Bond category.
10-year Morningstar RatingTM among 341 funds in the Short-Term Bond category.
5-year Morningstar RatingTM among 483 funds in the Short-Term Bond category.
3-year Morningstar RatingTM among 547 funds in the Short-Term Bond category.
Ultra Short Duration Income Fund
Overall Morningstar RatingTM among 215 funds in the Ultrashort Bond category.
10-year Morningstar RatingTM among 95 funds in the Ultrashort Bond category.
5-year Morningstar RatingTM among 180 funds in the Ultrashort Bond category.
3-year Morningstar RatingTM among 215 funds in the Ultrashort Bond category.

More from the Fixed Income team

Sector views

Fixed income markets experienced widespread declines in the U.S. and globally in the third quarter of 2022, as inflation remained high and became more broad-based.

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Expect a pause, not a pivot, as savings fuel spending

In the coming months, the Fed will not likely pivot, but pause and wait with a high level of rates for convincing signs of disinflation.

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High job openings signal wage-price spiral

Limited labor supply, higher wages, and a high staff turnover seems to have initiated a wage-price spiral.

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Covid-related labor imbalances complicate Fed's inflation fight

Demographic shifts and labor imbalances might have disturbed consumption-saving decisions that impact inflation.

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