Money Funds

PDDXX Putnam Money Market Fund

Capital preservation. The fund invests in highly rated money market instruments to maintain a stable net asset value and protect investors' wealth.
Attractive income. The portfolio managers use credit research to select a diverse portfolio of securities that could potentially offer above-average yields.
Leading research. The managers, supported by Franklin Templeton's fixed income research division, manage risk by analyzing individual securities and overall market conditions.

Overview

See the risks and other important information.

Fund Facts

Fund description

The fund seeks to provide as high a rate of current income as the portfolio managers believe is consistent with preservation of capital and maintenance of liquidity.

Dividend Frequency, if any: Monthly
Fund Inception Date: 10/01/1976
Total Net AssetsAs of 02/28/2026 (Updated Monthly): $934.01 Million
Shareholder Net Flow⁴As of 03/10/2026: $1.50 Million

Sales Charges, Expenses & Fees

As of 02/01/2026

Gross Expense Ratio⁵: 0.43%
Net Expense Ratio^5,6: 0.43%
Maximum Initial Charge: —
CDSC: 1.00%
12b-1 Fee: N/A

Identifiers

Ticker: PDDXX
Fund Number: 008
CUSIP Code: 746923101

Average Annual Total Returns As of 02/28/2026

View performance section for additional info As of 02/28/2026

Class A

With Sales Charge (POP)

Without Sales Charge (NAV)

3.92%1 Year
4.63%3 Years
3.19%5 Years
2.04%10 Years
4.37%Since Inception
10/01/1976

Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.

Top Sectors

View portfolio section for additional info

As of 02/28/2026 % of Total (Updated Monthly)

Top Sectors
Commercial Paper34.63%
U.S. Treasury Repurchase Agreement28.96%
U.S. Government Agency Repurchase Agreement22.00%
Certificate of Deposit9.86%
Asset-Backed Commercial Paper4.80%

Dividends & Yields

As of 03/09/2026

7-Day Effective Yield^7,8: 3.46%
7-Day Effective Yield—Without Waiver⁷: 3.46%
7-Day Current Yield^7,8: 3.41%
7-Day Current Yield—Without Waiver⁷: 3.41%

Additional Fund Info

Share Class Inception Date: 10/01/1976
Morningstar Category⁹: Prime Money Market
Lipper Classification: Money Market Funds

Manager

About the Team

Putnam Investments

Putnam Investments has been serving clients and shareholders for over 85 years. We manage a range of equity portfolios with a focus on stock-specific opportunities. Our approach — stock-driven rather than style-driven — is designed to offer consistent outperformance, regardless of the market environment. Our portfolios are fueled by a variety of independent views and perspectives, enhanced by fundamental research and ongoing dialogue and debate. We combine this with portfolio construction that aims to reduce broader macro exposures and manage downside risk.

Franklin Templeton Fixed Income

Managed Fund Since 1997

Managed Fund Since 2017

Performance

Average Annual Total Returns

As of 02/28/2026

Month End

Quarter End

As of

Class A - Without Sales Charge (NAV) (%)

Month End

As of 02/28/2026

Class A - With Sales Charge (POP) (%)

Month End

As of 02/28/2026

Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.

Portfolio

Assets

As of01/31/2026 (Updated Monthly)

Total Net Assets ¹⁰: $906.84 Million

Positions

Download All Holdings

Portfolio Statistics

As of 03/06/2026 (Updated Daily)

Weighted Average Life

As of 03/06/2026 (Updated Daily)

52 Days

11/30/2025

41 Days

10/31/2025

48 Days

09/30/2025

45 Days

Weighted Average Maturity

As of 03/06/2026 (Updated Daily)

29 Days

11/30/2025

22 Days

10/31/2025

24 Days

09/30/2025

16 Days

Sector Allocation

As of 02/28/2026 % of Total (Updated Monthly)

Sector Allocation
Sector	% of Total
Commercial Paper	34.63%
U.S. Treasury Repurchase Agreement	28.96%
U.S. Government Agency Repurchase Agreement	22.00%
Certificate of Deposit	9.86%
Asset-Backed Commercial Paper	4.80%
Cash & Other Net Assets	-0.24%

Holdings ¹¹
As of 02/28/2026 (Updated Monthly)

As of

Cash and Cash Equivalents

Goldman Sachs & Co LLC 3.67% 03/02/2026 REPO

HSBC Securities USA Inc 3.67% 03/02/2026 REPO

Banc Of America Securities LLC 3.68% 03/02/2026 REPO

Royal Bank Of Canada 3.67% 03/02/2026 REPO

Citigroup Global Markets Inc 3.67% 03/02/2026 REPO

BNP Paribas Securities Corp 3.67% 03/02/2026 REPO

Barclays Capital Inc 3.66% 03/02/2026 REPO

Cooperatieve Rabobank UA/NY 04/06/2026 CDI

Royal Bank Of Canada/New York NY FRN 06/29/2026

Distributions & Tax

Federal ID Number 04-6386436

For information on tax years prior to 2008, please contact us

These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.

Distributions per Share ($)

Year

Tax Information
Record Date	Ordinary Dividends Dividends paid by a fund that are derived from interest, dividends, net short-term capital gains and other types of ordinary income earned by the fund. For a fund that elects to pass through its foreign taxes paid (a non-cash item), a shareholder's allotted share of foreign taxes has been added to the “Ordinary Dividends” cash distributions received by the shareholder. If the fund passed through foreign taxes paid and later is refunded any portion of those taxes by a foreign tax authority, any interest paid to the fund on that refund is also required to be included in “Ordinary Dividends”.	Qualified Dividends The portion of a fund’s “Ordinary Dividends” that may be eligible for a reduced capital gain tax rate. To be eligible for the lower tax rates, certain holding periods apply and shareholders should consult their tax advisor to determine the amount eligible for the reduced rate. This amount represents both cash distributions and non-cash amounts, such as foreign taxes paid, that have been allocated to shareholders.	Capital Gain Distributions	Unrecaptured Section 1250 Gain	Non-Taxable Return Of Capital	Section 199a Dividends The portion of a fund’s “Ordinary Dividends” generated by a real estate investment trust or earned by a fund from its investments in real estate investment trusts, subject to limitations. Individual (non-corporate) shareholders may be entitled to a special deduction from gross income for “Section 199A Dividends” received from a fund. To qualify for this deduction certain holding periods apply and shareholders should consult their tax advisor.	Foreign Tax Paid	Exempt Interest Dividends	Interest on Tax Reclaim Refunds
Jan 31	0.003763	—	—	—	—	—	—	—	—
Feb 28	0.003187	—	—	—	—	—	—	—	—
Mar 31	0.003278	—	—	—	—	—	—	—	—
Apr 30	0.00336	—	—	—	—	—	—	—	—
May 30	0.003414	—	—	—	—	—	—	—	—
Jun 30	0.003318	—	—	—	—	—	—	—	—
Jul 31	0.003402	—	—	—	—	—	—	—	—
Aug 29	0.00342	—	—	—	—	—	—	—	—
Sep 30	0.003286	—	—	—	—	—	—	—	—
Oct 31	0.003327	—	—	—	—	—	—	—	—
Nov 28	0.003056	—	—	—	—	—	—	—	—
Dec 31	0.003039	—	—	—	—	—	—	—	—
	0.03985	—	—	—	—	—	—	—	—

The fund's policy is to declare daily, and pay monthly, dividends from net investment income. Each day on which the fund declares a dividend distribution is ex date.

The per share distribution amounts presented above reflect the distribution rates that were paid to shareholders on the indicated dates. The character of distributions for certain funds may have been subsequently adjusted for tax purposes. Shareholders can determine which funds may have reclassified the tax character of distributions by visiting the Tax Center in Tools & Resources. Information on reclassifications for distributions paid during the current calendar year will not be available until the first quarter of the following year.

Jan 31

Feb 28

Mar 31

Apr 30

May 30

Jun 30

Jul 31

Aug 29

Sep 30

Oct 31

Nov 28

Dec 31

Supplemental Tax Information

Foreign Source Income: —
Foreign Source Qualified Dividends: —
Direct U.S. Government Obligations The portion of “Ordinary Dividends” attributable to earnings from US Treasury and certain other government securities may be categorized as a fund containing US government obligations. This income may be exempt from state personal income taxes. The percentage for direct US government obligation interests available for tax-exempt treatment may be limited in states that require the fund to meet certain minimum thresholds. Shareholders should consult their tax advisor to determine the availability of exemptions in their state.: 0.10%
Specified Private Activity Bond Interest: —
Dividends Received Deduction: —
Section 163(j): 98.37%
Indiana Resident Taxable Income: —
Utah Resident Taxable Income The portion of “Exempt-Interest Dividends” subject to Utah income tax. Subject to certain exceptions, the state of Utah provides that income earned from non-federal government entities outside of Utah (non-Utah municipal bonds) is taxable to Utah resident shareholders. Income earned from states that do not tax Utah obligations are also exempt. Shareholders should consult their tax advisor about applicability.: —

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Pricing

6 Month Historical Daily and Weekly Liquid Assets ^2,3

As of 03/10/2026

Documents

Fund Literature

Fund Literature
Checkbox	Name	Download
Checkbox	Factsheet - Putnam Money Market Fund	Download Document
Checkbox	Portfolio Holdings - Putnam Money Market Fund - December 31, 2025Mailed hardcopies unavailable.	Download Document
Checkbox	Portfolio Holdings - Putnam Money Market Fund - February 28, 2026Mailed hardcopies unavailable.	Download Document
Checkbox	Portfolio Holdings - Putnam Money Market Fund - January 31, 2026Mailed hardcopies unavailable.	Download Document
Checkbox	Portfolio Holdings - Putnam Money Market Fund - November 30, 2025Mailed hardcopies unavailable.	Download Document
Checkbox	Portfolio Holdings - Putnam Money Market Fund - October 31, 2025Mailed hardcopies unavailable.	Download Document
Checkbox	Portfolio Holdings - Putnam Money Market Fund - September 30, 2025Mailed hardcopies unavailable.	Download Document

Regulatory Documents

Regulatory Documents
Checkbox	Name	Download
Checkbox	Prospectus - Putnam Money Market Fund	Download Document
Checkbox	Summary Prospectus - Putnam Money Market Fund	Download Document
Checkbox	Annual Report - Putnam Money Market Fund - Class A	Download Document
Checkbox	Annual Financial Statements and Other Information - Putnam Money Market Fund	Download Document
Checkbox	Semi-Annual Report - Putnam Money Market Fund - Class A	Download Document
Checkbox	Semi-Annual Financial Statements and Other Information - Putnam Money Market Fund	Download Document
Checkbox	Statement Of Additional Information - Putnam Money Market FundMailed hardcopies unavailable.	Download Document

Risks

You could lose money by investing in the fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The portfolio may impose a fee upon sale of its shares and the fund would be required to pass such fee through to you. The portfolio generally must impose a fee when net sales of portfolio shares exceed certain levels. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.

All investments involve risk, including loss of principal. The fund's yield may be affected by changes in interest rates and changes in credit ratings. These and other risks are discussed in the fund's prospectus.

Important Information

Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.

Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

Important data provider notices and terms available at www.franklintempletondatasources.com.

Performance data quoted represents past performance, which does not guarantee future results.

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.

Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

Franklin Distributors, LLC. Member FINRA, SIPC. Putnam Investment is a Franklin Templeton company. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.

Fund filings of the Monthly Schedule of Portfolio Holdings of Money Market Funds are available at Form N-MFP. Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.

Putnam funds are not exchangeable for other funds distributed by Franklin Distributors, LLC. Member FINRA/SIPC.

Footnotes

Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
Rule 2a-7 of the Investment Company Act of 1940 provides that money market funds may not acquire any security other than a “weekly liquid asset” unless, immediately following such purchase, at least 50% of its total assets would be invested in weekly liquid assets. In addition, the Rule provides that taxable money market funds may not acquire any security other than a “daily liquid asset” unless, immediately following such purchase, at least 25% of its total assets would be invested in daily liquid assets.

Daily Liquid Assets include (i) cash; (ii) direct obligations of the U.S. Government; and (iii) securities that will mature or are subject to a demand feature that is exercisable and payable within one business Day. May include the effect of receivables from pending sales and payables from pending purchases.

Weekly Liquid Assets include (i) cash; (ii) direct obligations of the U.S. Government; (iii) U.S. Government securities issued by a person controlled or supervised by and acting as an instrumentality of the U.S. Government pursuant to authority granted by the U.S. Congress, that are issued at a discount to the principal amount to be repaid at maturity and have a remaining maturity of 60 days or less; and (iv) securities that will mature or are subject to a demand feature that is exercisable and payable within five business Days. May include the effect of receivables from pending sales and payables from pending purchases.
Daily Liquid Assets and Weekly Liquid Assets are calculated at the master portfolio level.
Based on the previous business day.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
The 7-day Current Yield represents net interest income generated by the investments for the past 7 days and assumes that the same income is generated each week over a 365-day period. The 7-day yield more closely reflects current fund earnings than does total returns. 7-day Effective Yield, assumes reinvest of the coupon (interest payments). Unlike Current Yield, Effective Yield takes into account the power of compounding on investment returns. Yields for other share classes may vary due to differences in sales charge structure and class expenses.
With Waiver means the performance quote reflects any applicable expense reductions and fee waivers.
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Assets are reported at the fund level.
Top Ten Holdings excludes repurchase agreements. See full portfolio holdings for all positions.
Credit Quality is a measure of a bond issuer's ability to repay interest and principal in a timely manner. The credit ratings shown are based on each portfolio security's rating as provided by S&P Global Ratings, Moody's Investors Service and/or Fitch Ratings, Inc. and typically range from AAA for long term or A-1 for short term (highest) to D (lowest), or an equivalent and/or similar rating. For this purpose, if two or more of the agencies have assigned differing ratings to a security, the highest rating is used. Securities that are unrated by all three agencies are reflected as such. The credit quality of the investments in the portfolio does not apply to the stability or safety of the portfolio. The methodology used for the calculation of credit quality ratings displayed may differ from the methodology for monitoring investment limits, if applicable. Please note, the portfolio itself has not been rated by an independent rating agency.

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PDDXX Putnam Money Market Fund

Popular Documents

Overview

Fund Facts

Fund description

Sales Charges, Expenses & Fees

Identifiers

Average Annual Total Returns As of 02/28/2026

Class A

Top Sectors

Dividends & Yields

Additional Fund Info

Manager

About the Team

Performance

Average Annual Total Returns

Portfolio

Assets

Positions

Portfolio Statistics

Sector Allocation

Holdings ¹¹
As of 02/28/2026 (Updated Monthly)

Distributions & Tax

Federal ID Number 04-6386436

Distributions per Share ($)

Supplemental Tax Information

Pricing

6 Month Historical Daily and Weekly Liquid Assets ^2,3

Documents

Risks

Important Information

Footnotes