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Managed Fund Since 2016
Money Funds
PGEXX Putnam Government Money Market Fund
- Capital preservation. The fund invests at least 99.5 percent of its total assets in cash, U.S. government securities, and repurchase agreements collateralized by U.S. government securities or cash.
- A high-quality portfolio. The fund invests in high-quality debt securities that are obligations of the U.S. government and its agencies and instrumentalities. Accordingly, the vast majority of the portfolio is backed by the full faith and credit of the United States or by the credit of a federal agency or government-sponsored entity, such as Fannie Mae and Freddie Mac.
- Leading research. The fund's veteran portfolio managers, supported by Franklin Templeton's fixed income research division, manage risk by analyzing individual securities and overall market conditions.
Popular Documents
NAV
$1.0000
As of 02/12/2026
Fund Level Market NAV
$1.0000
As of 02/12/2026
Liquid Asset (Daily)
67.56%
As of 02/12/2026
Liquid Asset (Weekly)
73.97%
As of 02/12/2026
Overview
Fund Facts
Fund description
The fund seeks as high a rate of current income as we that the portfolio managers believe is consistent with preservation of capital and maintenance of liquidity by investing at least 99.5 percent of its total assets in cash, U.S. government securities, and repurchase agreements collateralized by U.S. government securities or cash.
- Dividend Frequency, if any
- Monthly
- Fund Inception Date
- 04/14/2016
- Total Net Assets
As of 01/31/2026 (Updated Monthly) - $559.58 Million
- Shareholder Net Flow
As of 02/12/2026 - $18.96 Million
Sales Charges, Expenses & Fees
- Gross Expense Ratio
- 0.45%
- Net Expense Ratio
- 0.45%
- Maximum Initial Charge
- —
- CDSC
- 1.00%
- 12b-1 Fee
- N/A
Identifiers
- Ticker
- PGEXX
- Fund Number
- 490
- CUSIP Code
- 74680A703
Average Annual Total Returns As of 01/31/2026
Class C
- 2.85%1 Year
- 4.47%3 Years
- 2.98%5 Years
- —10 Years
- 1.87%Since Inception
04/13/2016
Top Sectors
As of 01/31/2026 % of Total (Updated Monthly)
U.S. Government Agency Repurchase Agreement51.23% | |
U.S. Government Agency Debt36.57% | |
U.S. Treasury Debt7.07% | |
U.S. Treasury Repurchase Agreement6.38% |
Dividends & Yields
- 7-Day Effective Yield
- 3.36%
- 7-Day Effective Yield—Without Waiver
- 3.36%
- 7-Day Current Yield
- 3.31%
- 7-Day Current Yield—Without Waiver
- 3.31%
Additional Fund Info
- Share Class Inception Date
- 06/16/2016
- Lipper Classification
- U.S. Government Money Market Funds
- Morningstar Category
- Money Market-Taxable
Manager
About the Team
Franklin Templeton Fixed Income
A global leader in fixed income, the team strives to provide consistent and resilient returns by combining deep fundamental research with rigorous portfolio construction. This solutions-drives approach means maintaining portfolio and risk exposures that align with client expectations.
Franklin Templeton Fixed Income
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Managed Fund Since 2024
Performance
Average Annual Total Returns
As of 01/31/2026
Selected Month January 2026
Class C - Without Sales Charge (NAV) (%)
Month End
As of 01/31/2026
Class C - With Sales Charge (POP) (%)
Month End
As of 01/31/2026
Portfolio
Assets
As of01/31/2026 (Updated Monthly)
- Total Net Assets
- $559.58 Million
Positions
Portfolio Statistics
As of 02/12/2026 (Updated Daily)
Weighted Average Maturity
- 23 Days
As of 02/12/2026 (Updated Daily)
11/30/2025
13 Days10/31/2025
19 Days09/30/2025
11 Days08/31/2025
14 Days07/31/2025
13 Days- 77 Days
As of 02/12/2026 (Updated Daily)
11/30/2025
54 Days10/31/2025
74 Days09/30/2025
59 Days08/31/2025
57 Days07/31/2025
60 Days Sector Allocation
As of 01/31/2026 % of Total (Updated Monthly)
| Sector | % of Total |
|---|---|
U.S. Government Agency Repurchase Agreement | 51.23% |
U.S. Government Agency Debt | 36.57% |
U.S. Treasury Debt | 7.07% |
U.S. Treasury Repurchase Agreement | 6.38% |
Cash & Other Net Assets | -1.25% |
Holdings
As of 01/31/2026 (Updated Monthly)
Federal Home Loan Banks
United States of America
Federal Farm Credit Banks Funding Corp.
Federal Home Loan Mortgage Corp.
Federal National Mortgage Association
Distributions & Tax
- Distribution Frequency
- MonthlyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- -
Rates and Yields
7-Day Current Yield
w/ Waiver 3.31%
w/o Waiver 3.31%
7-Day Effective Yield
w/ Waiver
w/o Waiver 3.36%
Distributions Per Share
01/30/2026
Pricing
6 Month Historical Daily and Weekly Liquid Assets
As of 02/12/2026
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Putnam Government Money Market Fund | |||
| Portfolio Holdings - Putnam Government Money Market Fund - December 31, 2025 | |||
| Portfolio Holdings - Putnam Government Money Market Fund - January 31, 2026 | |||
| Portfolio Holdings - Putnam Government Money Market Fund - November 30, 2025 | |||
| Portfolio Holdings - Putnam Government Money Market Fund - October 31, 2025 | |||
| Portfolio Holdings - Putnam Government Money Market Fund - September 30, 2025 |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Prospectus - Putnam Government Money Market Fund | |||
| Summary Prospectus - Putnam Government Money Market Fund | |||
| Annual Report - Putnam Government Money Market Fund - Class C | |||
| Annual Financial Statements and Other Information - Putnam Government Money Market Fund | |||
| Semi-Annual Report - Putnam Government Money Market Fund - Class C | |||
| Semi-Annual Financial Statements and Other Information - Putnam Government Money Market Fund | |||
| Statement Of Additional Information - Putnam Government Money Market Fund |
Risks
You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. 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. Although the fund invests in U.S. government obligations, an investment in the fund is neither insured nor guaranteed by the U.S. government.
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.