Putnam Short Duration Income Fund - Putnam Investments

Statement of changes in net assets
INCREASE IN NET ASSETS Year ended 7/31/14 Year ended 7/31/13
Operations:
Net investment income $7,652,062 $3,332,009
Net realized gain on investments 1,121,964 420,153
Net unrealized appreciation (depreciation) of investments 3,523,379 (634,777)
Net increase in net assets resulting from operations 12,297,405 3,117,385
Distributions to shareholders (Note 1):
From ordinary income
Net investment income
Class A (6,035,706) (3,130,875)
Class B (421) (689)
Class C (6,258) (5,979)
Class M (3,333) (3,412)
Class R (1,318) (785)
Class R5 (58) (68)
Class R6 (3,075) (774)
Class Y (1,397,293) (380,306)
Net realized short-term gain on investments
Class A (425,922) (37,493)
Class B (191) (52)
Class C (2,771) (307)
Class M (225) (56)
Class R (728) (9)
Class R5 (4) (1)
Class R6 (174) (1)
Class Y (86,077) (3,251)
From net realized long-term gain on investments
Class A (35,493) —
Class B (16) —
Class C (231) —
Class M (19) —
Class R (61) —
Class R5 — —
Class R6 (14) —
Class Y (7,173) —
Increase from capital share transactions (Note 4) 937,479,625 959,053,698
Total increase in net assets 941,770,469 958,607,025
NET ASSETS
Beginning of year 1,151,155,979 192,548,954
End of year (including undistributed net investment income
of $199,904 and distributions in excess of net investment
income of $4,696, respectively) $2,092,926,448 $1,151,155,979
The accompanying notes are an integral part of these financial statements.
Short Duration Income Fund45