# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0001752724-25-153754
**Filing Date:** 2025-6
**Character Count:** 43581
**Document Hash:** dfc1196d38e549d226bbf9ca6f66ed16
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153754.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153754

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000932101

**ORGANIZATION NAME:**
- **EIN:** 043251560
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07237
- **FILM NUMBER:** 251068715

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921000

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19941028

## Series and Classes Contracts Data

### Putnam Sustainable Future Fund (Series ID: S000003851)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010770 | Class A Shares  | PMVAX           |
| C000010772 | Class C Shares  | PMPCX           |
| C000010773 | Class R Shares  | PMVRX           |
| C000010774 | Class Y Shares  | PMVYX           |
| C000202883 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Putnam Investment Funds

- **b. Investment Company Act file number:** 811-07237

- **c. CIK number of Registrant:** 0000932101

- **d. LEI of Registrant:** 549300SRAF55EHI5J317

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Putnam Sustainable Future Fund

- **b. EDGAR series identifier (if any):** S000003851

- **c. LEI of Series:** 3CLKG0DCBVKMOJ7DNT15

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $351195888.06

**Total Liabilities:** $2257341.05

**Net Assets:** $348938547.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010774 | -8.73%               | -8.91%               | 1.92%                |
| Class ID C000010773 | -8.79%               | -8.98%               | 1.93%                |
| Class ID C000010772 | -8.82%               | -9.02%               | 1.85%                |
| Class ID C000010770 | -8.78%               | -8.96%               | 1.91%                |
| Class ID C000202883 | -8.78%               | -8.88%               | 1.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7131103.80              | $-44571460.87                              |
| Month 2  | $-4558897.91             | $-29164158.17                              |
| Month 3  | $-12848089.39            | $20542552.08                               |

**Designated Index Information**

- **Index Name:** RUSSELL MIDCAP GROWTH INDEX

- **Index Identifier:** BM0824

### Schedule of Portfolio Investments

| Name                                        | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-91016.01    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-71045.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ServiceTitan, Inc.                          | ServiceTitan, Inc., Class A                 | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21335 | NS      | $2466539.35   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                | Cadence Design Systems, Inc.                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     10600 | NS      | $3156044.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis (Novozymes) B                     | Novonesis Novozymes B, Class B              | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |    110317 | NS      | $7165901.51   | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings, Inc.                  | Crowdstrike Holdings, Inc., Class A         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      6900 | NS      | $2959203.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical, Inc.               | BioMarin Pharmaceutical, Inc.               | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     53200 | NS      | $3388308.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-18934.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Vita Coco Co., Inc. (The)                   | Vita Coco Co., Inc. (The)                   | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |    100300 | NS      | $3314915.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                 | Xylem, Inc.                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     52300 | NS      | $6305811.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-25873.25    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $78035.86     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Planet Labs PBC                             | Planet Labs PBC                             | CUSIP: 72703X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    501100 | NS      | $1648619.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                            | GE Vernova, Inc.                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     11800 | NS      | $4375676.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                     | Republic Services, Inc., Class A            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     23800 | NS      | $5967850.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International, Inc.          | Mettler-Toledo International, Inc.          | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      3400 | NS      | $3639938.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                | ResMed, Inc.                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     24300 | NS      | $5749137.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest, Inc.                             | Pinterest, Inc., Class A                    | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170700 | NS      | $4322124.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                        | NextEra Energy, Inc.                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     70400 | NS      | $4708352.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                               | Gartner, Inc.                               | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     15300 | NS      | $6442524.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                   | Argenx SE                                   | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      3200 | NS      | $2064448.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble, Inc.                               | Trimble, Inc.                               | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     65900 | NS      | $4095026.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-27559.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard, Inc.                            | Mastercard, Inc., Class A                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10200 | NS      | $5590212.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc             | Seagate Technology Holdings plc             | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     12600 | NS      | $1146978.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions, Inc.      | Bright Horizons Family Solutions, Inc.      | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28900 | NS      | $3624638.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica, Inc.                   | Lululemon Athletica, Inc.                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     12145 | NS      | $3288501.65   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology, Inc.                    | Marvell Technology, Inc.                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69400 | NS      | $4050878.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab, Inc.                                | Gitlab, Inc., Class A                       | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     82600 | NS      | $3854942.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-27135.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| KKR & Co., Inc.                             | KKR & Co., Inc.                             | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     29400 | NS      | $3359538.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                             | ASML Holding NV                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      3600 | NS      | $2405088.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-24596.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Trade Desk, Inc. (The)                      | Trade Desk, Inc. (The), Class A             | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     68700 | NS      | $3684381.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex, Inc.                                | Vertex, Inc., Class A                       | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |    109463 | NS      | $4381803.89   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                 | Casella Waste Systems, Inc., Class A        | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     45000 | NS      | $5285250.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5239.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| First Solar, Inc.                           | First Solar, Inc.                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     15500 | NS      | $1950210.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                | Chipotle Mexican Grill, Inc., Class A       | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88400 | NS      | $4465968.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-43430.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ultragenyx Pharmaceutical, Inc.             | Ultragenyx Pharmaceutical, Inc.             | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     57900 | NS      | $2256942.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems, Inc.                         | Veeva Systems, Inc., Class A                | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |      5611 | NS      | $1311234.59   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                         | Vertiv Holdings Co., Class A                | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     61400 | NS      | $5242332.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $28447.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MSCI, Inc.                                  | MSCI, Inc., Class A                         | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |      9300 | NS      | $5069523.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                        | Federal Signal Corp.                        | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     56600 | NS      | $4608938.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                              | Broadcom, Inc.                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     14200 | NS      | $2733074.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog, Inc.                               | Datadog, Inc., Class A                      | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     63800 | NS      | $6517808.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                    | Roper Technologies, Inc.                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      9900 | NS      | $5544792.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| London Stock Exchange Group plc             | London Stock Exchange Group plc             | CUSIP: N/A<br>LEI: 213800QAUUUP6I445N30       | Long             | EC               | CORP              | GB        |     32014 | NS      | $4984948.81   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                 | Capital One Financial Corp.                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     22700 | NS      | $4091902.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co.               | Graphic Packaging Holding Co.               | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    179000 | NS      | $4530490.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot, Inc.                               | HubSpot, Inc.                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     10300 | NS      | $6298450.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group, Inc.                            | Cava Group, Inc.                            | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43900 | NS      | $4057677.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings, Inc.              | Life Time Group Holdings, Inc.              | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120600 | NS      | $3697596.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.               | Alnylam Pharmaceuticals, Inc.               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     21600 | NS      | $5685984.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper, Inc.                      | Keurig Dr Pepper, Inc.                      | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     64900 | NS      | $2244891.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                         | Ascendis Pharma A/S                         | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     14300 | NS      | $2437292.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-92929.68    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-99610.60    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-67713.23    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-106374.05   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                       | Quanta Services, Inc.                       | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     19800 | NS      | $5795262.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                    | U.S. Treasury Bills                         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    800000 | PA      | $786038.70    | 0.23%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Accenture plc                               | Accenture plc, Class A                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      1100 | NS      | $329065.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                  | Constellation Energy Corp.                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     23000 | NS      | $5139120.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                    | U.S. Treasury Bills                         | CUSIP: 912797PJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    200000 | PA      | $199553.50    | 0.06%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Applied Materials, Inc.                     | Applied Materials, Inc.                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     12500 | NS      | $1883875.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra, Inc.                              | Penumbra, Inc.                              | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     18800 | NS      | $5505392.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-115070.55   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Samsara, Inc.                               | Samsara, Inc., Class A                      | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66300 | NS      | $2629458.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG, Inc.                                   | TPG, Inc., Class A                          | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     96000 | NS      | $4459200.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $54702.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings plc             | Seagate Technology Holdings plc             | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     40600 | NS      | $3695818.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-28192.67    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                | Zimmer Biomet Holdings, Inc.                | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |     31700 | NS      | $3266685.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp.                  | Edwards Lifesciences Corp.                  | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     22800 | NS      | $1721172.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweetgreen, Inc.                            | Sweetgreen, Inc., Class A                   | CUSIP: 87043Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72000 | NS      | $1402560.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6304.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FirstService Corp.                          | FirstService Corp.                          | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     21400 | NS      | $3756342.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                      | Verisk Analytics, Inc., Class A             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     34200 | NS      | $10137906.00  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo, Inc.                              | Duolingo, Inc., Class A                     | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15200 | NS      | $5920096.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                    | IDEXX Laboratories, Inc.                    | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     12100 | NS      | $5235065.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                    | Guidewire Software, Inc.                    | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     22100 | NS      | $4525417.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                              | AppLovin Corp., Class A                     | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     31800 | NS      | $8564058.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                            | ServiceNow, Inc.                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      6700 | NS      | $6398567.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                          | Putnam Short Term Investment Fund, Class P  | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   5738480 | NS      | $5738480.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-10283.36    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global, Inc.                       | Coinbase Global, Inc., Class A              | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |     35800 | NS      | $7263462.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                    | U.S. Treasury Bills                         | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    400000 | PA      | $399345.11    | 0.11%             | 2025-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| First Watch Restaurant Group, Inc.          | First Watch Restaurant Group, Inc.          | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    215598 | NS      | $3807460.68   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                | Hasbro, Inc.                                | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     69300 | NS      | $4289670.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                    | Intuitive Surgical, Inc.                    | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      5800 | NS      | $2991640.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $58098.34     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-59304.35    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.             | Regeneron Pharmaceuticals, Inc.             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      5000 | NS      | $2993800.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON plc                                    | ICON plc                                    | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |     21000 | NS      | $3180240.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DocuSign, Inc.                              | DocuSign, Inc., Class A                     | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     38700 | NS      | $3163725.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.              | Thermo Fisher Scientific, Inc.              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     10700 | NS      | $4590300.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aritzia, Inc.                               | Aritzia, Inc.                               | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    124900 | NS      | $4393153.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-172027.40   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| On Holding AG                               | On Holding AG, Class A                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     81600 | NS      | $3925776.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                               | Accenture plc, Class A                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     11200 | NS      | $3350480.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-110759.48   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Sprouts Farmers Market, Inc.                | Sprouts Farmers Market, Inc.                | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     35100 | NS      | $6002100.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $34204.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                              | QUALCOMM, Inc.                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     15900 | NS      | $2360514.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                            | NRG Energy, Inc.                            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     51900 | NS      | $5687202.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                 | Toast, Inc., Class A                        | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    119700 | NS      | $4258926.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                        | American Tower Corp.                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      8200 | NS      | $1848362.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-55585.94    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| DR Horton, Inc.                             | DR Horton, Inc.                             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     19600 | NS      | $2476264.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-97590.27    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-12523.55    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    184800 | NS      | $4616304.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-254594.92   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Cintas Corp.                                | Cintas Corp.                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9200 | NS      | $1947456.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-58917.41    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer