Katinka Domotorffy
About Katinka Domotorffy
Independent Trustee of Putnam Premier Income Trust (PPT) since 2012; born 1975. Principal occupation: voting member of the Investment Committees of the Anne Ray Foundation and Margaret A. Cargill Foundation; director of Great Lakes Science Center and College Now Greater Cleveland . Listed among the Putnam Funds Board’s Independent Trustees .
Past Roles
No additional prior roles beyond the past five years’ principal occupations disclosed in the proxy .
External Roles
| Organization | Role | Tenure (as disclosed) | Committees/Impact |
|---|---|---|---|
| Anne Ray Foundation | Voting member, Investment Committee | Past five years | Oversight of philanthropic investment allocation |
| Margaret A. Cargill Foundation | Voting member, Investment Committee | Past five years | Oversight of philanthropic investment allocation |
| Great Lakes Science Center | Director | Not disclosed | Governance oversight |
| College Now Greater Cleveland | Director | Not disclosed | Governance oversight |
Board Governance
- Independence: Identified as an Independent Trustee; “interested persons” are Robert L. Reynolds and Jane E. Trust (not Domotorffy) .
- Committee assignments:
- Contract Committee member (committee oversees adviser engagements, shared-cost services, communications, and closed-end matters) .
- Exchange-Traded Fund Committee member .
- Brokerage Committee member .
- Investment Oversight Committee A Chair (meets with investment personnel; reviews performance/strategy; product objectives) .
- Meeting cadence and attendance: Putnam Funds Board holds eight regular in-person meetings per year; in 2024, each Trustee attended at least 75% of Board and applicable committee meetings; average Trustee participated in ~35 Board and committee meetings .
- 2024 meeting counts: Board 12; Audit, Compliance and Risk 13; Board Policy and Nominating 8; Brokerage 3; Contract 8; ETF 4; Executive 1; Investment Oversight A 5; Investment Oversight B 5; Pricing 8 .
Fixed Compensation
| Compensation Element | Most recent fiscal year (ended prior to Dec 31, 2024) |
|---|---|
| Aggregate compensation from Putnam Premier Income Trust (PPT) | $1,476 |
| Aggregate compensation from Putnam Managed Municipal Income Trust | $1,188 |
| Aggregate compensation from Putnam Master Intermediate Income Trust | $668 |
| Aggregate compensation from Putnam Municipal Opportunities Trust | $1,509 |
| Total compensation from Putnam funds complex (calendar 2024) | $382,000 |
| Pension/retirement benefits accrued as part of fund expenses | N/A (for Domotorffy) |
| Trustee Retirement Plan applicability | Plan applies only to Trustees elected before 2003; Domotorffy elected 2012 (not eligible) |
Notes:
- The proxy discloses a Trustee Compensation Deferral Plan but reports that no deferred compensation amounts were payable by the listed funds for fiscal years ended prior to Dec 31, 2024 .
Performance Compensation
| Performance-linked element | Structure | Metrics | Status |
|---|---|---|---|
| Performance-based bonus | N/A | N/A | None disclosed for Trustees |
| Equity awards (RSUs/PSUs/options) | N/A | N/A | None disclosed for Trustees |
Other Directorships & Interlocks
| Company/Entity | Role | Potential Interlock/Conflict Considerations |
|---|---|---|
| Great Lakes Science Center | Director | Non-profit; no fund-related conflict disclosed |
| College Now Greater Cleveland | Director | Non-profit; no fund-related conflict disclosed |
| Anne Ray Foundation | Investment Committee voting member | Philanthropic; not a Putnam/Franklin affiliate; no related-party transactions disclosed |
| Margaret A. Cargill Foundation | Investment Committee voting member | Philanthropic; no related-party transactions disclosed |
Expertise & Qualifications
- Investment oversight and performance review expertise; chairs Investment Oversight Committee A .
- Exposure to portfolio execution oversight via Brokerage Committee membership .
- Contracting and adviser engagement oversight via Contract Committee membership .
- Education not disclosed in proxy .
Equity Ownership
| Fund | Dollar Range of Fund Shares Owned | Fund Shares Beneficially Owned |
|---|---|---|
| Putnam Premier Income Trust (PPT) | $1–$10,000 | 100.0000 shares |
| Putnam Managed Municipal Income Trust | $1–$10,000 | 100.0000 shares |
| Putnam Master Intermediate Income Trust | $1–$10,000 | 100.0000 shares |
| Putnam Municipal Opportunities Trust | $1–$10,000 | 100.0000 shares |
| Aggregate dollar range held across all Putnam funds overseen | Over $100,000 |
Additional ownership notes:
- As of March 1, 2025, each Trustee (and officers/Trustees as a group) owned less than 1% of each fund’s outstanding common shares .
- No preferred shares owned by any current Trustee in Putnam Managed Municipal Income Trust or Putnam Municipal Opportunities Trust as of March 1, 2025 .
Governance Assessment
- Strengths: Independent status; chairs Investment Oversight Committee A; active participation supported by Board’s 2024 attendance disclosure; broad committee engagement (Contract, ETF, Brokerage) that directly oversee adviser relationships, trading practices, and product governance .
- Alignment: Direct ownership in PPT is modest ($1–$10,000; 100 shares), but aggregate exposure across Putnam family funds is “Over 100,000,” indicating broader alignment with fund complex outcomes . Trustees as a group held ~$69 million across Putnam funds (context for overall Board alignment) .
- Compensation: Purely cash-based trustee compensation with no performance-conditioned equity; retirement plan does not apply to trustees elected after 2003 (including Domotorffy); no deferred amounts payable reported for the listed funds .
- Conflicts/Related party: No related-party transactions involving Domotorffy disclosed. Committee service on Contract Committee introduces oversight of adviser arrangements rather than a financial interest; “interested persons” are identified as Reynolds and Trust (not Domotorffy) .
- Attendance/Engagement: Board and committee structure evidences heavy meeting load; each Trustee attended ≥75% of meetings in 2024; average ~35 meetings, supporting robust engagement .
RED FLAGS
- None disclosed specific to Domotorffy: no pledging/hedging, no related-party transactions, no equity award repricing, no tax gross-ups reported in the proxy .