Michael V. Salm

Chief Investment Officer, Fixed Income

Mr. Salm is Chief Investment Officer of Fixed Income and a member of Putnam's Operating Committee. He is responsible for the overall strategy and positioning of Putnam’s fixed-income portfolios. Mr. Salm specializes in investment strategies related to mortgage and structured credit products and interest-rate and volatility derivatives. He joined Putnam in 1997 and has been in the investment industry since 1989.

Mr. Salm is a portfolio manager of Putnam Diversified Income Trust, Putnam Global Income Trust, Putnam Fixed Income Absolute Return Fund, Putnam Income Fund, Putnam Master Intermediate Income Trust, Putnam Mortgage Securities Fund, Putnam Premier Income Trust, Putnam Ultra Short Duration Income Fund, and 37 Capital's Structured Credit strategies. Previously at Putnam, he served as Co-Head of Fixed Income.

Mutual Funds

Fact sheet Annual Semi annual
Diversified Income Trust
Fixed Income Absolute Return Fund
Global Income Trust
Overall Morningstar RatingTM among 186 funds in the World Bond category.
10-year Morningstar RatingTM among 119 funds in the World Bond category.
5-year Morningstar RatingTM among 161 funds in the World Bond category.
Income Fund
Overall Morningstar RatingTM among 568 funds in the Intermediate Core-Plus Bond category.
10-year Morningstar RatingTM among 355 funds in the Intermediate Core-Plus Bond category.
5-year Morningstar RatingTM among 492 funds in the Intermediate Core-Plus Bond category.
Mortgage Opportunities Fund
Mortgage Securities Fund
Ultra Short Duration Income Fund

Closed End Funds

Master Intermediate Income Trust
Premier Income Trust

More from the Fixed Income team

Currency views

Global financial markets were mixed during the second quarter.

More »

Regulatory storm sweeps across China

President Xi Jinping’s “common prosperity” campaign to address China's wealth gap has converged with the regulatory crackdowns.

More »

Markets see living with Covid-19 as the new normal

Global financial markets might be pricing in a “living with the virus” environment and are adjusting to a lower growth path.

More »

U.S. labor market — 55 is the new 65

Following broad-based recovery in the labor market when the economy initially reopened in 2020, the labor force participation rate has stagnated and started to diverge.

More »