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, Putnam Short Term Investment Fund, and Putnam ESG Ultra Short ETF. 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.

ETFs

Putnam ESG Ultra Short ETF

Mutual Funds

Fact sheet Annual Semi annual
Money Market Fund
Short Duration Bond Fund
Overall Morningstar RatingTM among 543 funds in the Short-Term Bond category.
10-year Morningstar RatingTM among 349 funds in the Short-Term Bond category.
5-year Morningstar RatingTM among 479 funds in the Short-Term Bond category.
3-year Morningstar RatingTM among 543 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 102 funds in the Ultrashort Bond category.
5-year Morningstar RatingTM among 178 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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The Fed walks a line between inflation and financial stability

Given the fragilities in financial markets, the Fed will likely move cautiously in monetary tightening to fight inflation.

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Will interest rates go down?

Our base case for our strategy remains that a recession will wipe out excess savings, and the relatively low interest-rate environment will return.

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U.S. recession outlook as China reopens

We outline possible scenarios for inflation and recession in the year ahead and how global forces play roles.

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