Q4 | 2011
Objective
The fund seeks to
Putnam
provide as high
a rate of current
Money Market Fund
income as we
Pursuing income while preserving capital with short-term
believe is consistent
with preservation of investments since 1976
capital and mainte-
nance of liquidity.
Capital preservation Attractive income Leading research
Portfolio managers The fund invests in highly The portfolio managers use The managers, supported by
Joanne Driscoll rated money market instruments credit research to select a diverse Putnam’s fixed-income research
(industry since 1992) to maintain a stable net asset portfolio of securities that offer division, manage risk by analyzing
Jonathan Topper value (NAV) and protect above-average yields. individual securities and overall
(industry since 1992) investors’ wealth. market conditions.
Morningstar category
Money Market Taxable
Lipper category Diversification across money market sectors TOP TEN HOLDINGS
Money Market
l Gov't agency repurchase agreement 22.8% Federal National Mortgage Association
Symbols l Asset-backed commercial paper 18.9% Straight-A Funding LLC
Quotron l Other commercial paper 15.7% United States of America
Class A PDDXX
Class B PTBXX Financial company commercial Bank of America
l 12.1%
Class C PFCXX paper
Federal Home Loan Banks
Class M PTMXX l Government agency debt 8.8%
Class R PURXX Federal Home Loan Mortgage Corporation
l Certificates of deposit 5.2%
Class T PMMXX Royal Bank of Canada
CUSIP l Other note 5.1%
Class A 746923-10-1
National Australia Bank
l Investment company 3.8%
Class B 746923-20-0 Commonwealth Bank of Australia
l Other repurchase agreement 2.8%
Class C 746923-30-9
Class M 746923-40-8 l Treasury debt 2.5% TD Bank
Class R 746923-60-6
l Variable rate demand notes 2.3% Holdings represent 21.6% of the portfolio
Class T 746923-50-7 and will vary over time.
Allocations will vary over time. Due to rounding,
percentages may not equal 100%.
The fund has returned an average of 5.6%
annually since inception.
’ ’ ’ ’
Current performance may be lower or higher than the quoted past performance, which cannot guarantee future
results. Share price, principal value, and return will vary, and you may have a gain or a loss when you sell your
shares. Performance of class A shares assumes reinvestment of distributions and does not account for taxes. To
obtain the most recent month-end performance, visit putnam.com.
12 31 2011 Putnam Money Market Fund
Lipper rankings
(A shares, based on ANNUAL PERFORMANCE BEFORE SALES CHARGE (all distributions reinvested)
total return) 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
1 year 29% (75/264) A shares 4.0% 1.4% 0.7% 0.9% 2.8% 4.7% 5.0% 2.7% 0.3% 0.1% 0.0%
3 years 14% (33/249)
5 years 14% (30/229) Lipper Money Market
3.4 1.0 0.4 0.6 2.4 4.2 4.5 2.0 0.2 0.0 0.0
10 years 14% (25/187) Funds Average
Category:
Money market funds ANNUALIZED TOTAL RETURN PERFORMANCE About performance information
Current performance may be lower or higher than the quoted
Lipper Money
Total expense ratio past performance, which cannot guarantee future results.
Class A shares Before After Market Funds
(A shares) Inception 10/1/76 sales charge sales charge Average Share price, principal value, and return will vary, and you may
0.50% have a gain or a loss when you sell your shares. Performance
1 year 0.01% 0.01% 0.02%
of class A shares assumes reinvestment of distributions
3 years 0.11 0.11 0.07 and does not account for taxes. To obtain the most recent
Number of holdings
5 years 1.58 1.58 1.36 month-end performance, visit putnam.com.
73
10 years 1.84 1.84 1.56
Net assets
Life of fund 5.57 5.57 5.69
$1,794.23M
Dividend frequency ANNUALIZED RETURNS FOR QUARTERLY ROLLING PERIODS (10/1/76–12/31/11)
Monthly Best Worst Average % of 5-year Number Number
5-year 5-year 5-year periods with of positive of negative
return return return positive returns 5-year periods 5-year periods
Average maturity
42.92 days 12.57% 1.59% 5.87% 100% 121 0
7-day yield
(without subsidy) The Lipper Money Market Funds Average is an arithmetic average What you should consider before investing
Class A: -0.31% of the total return of all Lipper Money Market Funds. You cannot Money market funds are not insured or guaranteed by the
Class B: -0.81% invest directly in an index. Federal Deposit Insurance Corporation (FDIC) or any other
Class C: -0.80% Lipper rankings for class A shares are based on total return without governmental agency. Although the fund seeks to preserve the
Class M: -0.46% sales charge relative to all share classes of funds with similar objec- value of your investment at $1.00 per share, it is possible to lose
Class R: -0.81% tives as determined by Lipper. money by investing in this fund.
Class T: -0.56%
Not all share classes available on all platforms.
7-day yield
(with subsidy)
Class A: 0.01%
Class B: 0.01%
Class C: 0.01%
Class M: 0.01%
Class R: 0.01%
Class T: 0.01%
Yield more closely reflects
current performance than
total return.
Putnam Investments Request a prospectus or a summary prospectus, if available,
One Post Office Square from your financial representative or by calling Putnam at
Boston, MA 02109 1-800-225-1581. These prospectuses include investment
objectives, risks, fees, expenses, and other information that
1-800-225-1581
you should read and consider carefully before investing.
putnam.com
Putnam Retail Management
FS039 267242 1/12