# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0002071691-26-000117
**Filing Date:** 2026-1
**Character Count:** 134512
**Document Hash:** afb6aa7bc9d828ddc28236b13286b714
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-000117.hdr.sgml**: 20260112

**ACCESSION NUMBER**: 0002071691-26-000117

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20260112

**DATE AS OF CHANGE**: 20260112

**EFFECTIVENESS DATE**: 20260112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942

**ORGANIZATION NAME:**
- **EIN:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 26525137

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177601000

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

## Series and Classes Contracts Data

### Putnam Short Duration Bond Fund (Series ID: S000024274)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000071705 | Class A      |  |
| C000071706 | Class B      |  |
| C000071707 | Class C      |  |
| C000071709 | Class R      |  |
| C000071710 | Class Y      |  |
| C000118004 | Class R6     |  |

### Putnam Core Bond Fund (Series ID: S000024275)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000071712 | Class R        |  |
| C000071713 | Class Y        |  |
| C000071714 | Class A        |  |
| C000071715 | Class B        |  |
| C000071716 | Class C        |  |
| C000118006 | Class R6       |  |
| C000174702 | Class P Shares |  |

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Putnam Funds Trust and Shareholders
of Putnam Short Duration Bond Fund:

In planning and performing our audit of the financial statements
of Putnam Short Duration Bond Fund (one of the funds constituting
Putnam Funds Trust, referred to hereafter as the "Fund") as of and
for the year ended October 31, 2025, in accordance with the standards
of the Public Company Accounting Oversight Board (United States)
(PCAOB), we considered the Fund's internal control over financial
reporting, including controls over safeguarding securities, as a basis
for designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements
of Form N-CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over financial reporting.
Accordingly, we do not express an opinion on the effectiveness of the
Fund's internal control over financial reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of controls. A company's internal control over financial reporting
is a process designed to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally accepted
accounting principles. A company's internal control over financial
reporting includes those policies and procedures that (1) pertain to
the maintenance of records that, in reasonable detail, accurately
and fairly reflect the transactions and dispositions of the assets
of the company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements
in accordance with generally accepted accounting principles, and that
receipts and expenditures of the company are being made only in
accordance with authorizations of management and directors of the
company; and (3) provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or disposition
of a company's assets that could have a material effect on the financial
statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow management
or employees, in the normal course of performing their assigned
functions, to prevent or detect misstatements on a timely basis.
A material weakness is a deficiency, or a combination of deficiencies,
in internal control over financial reporting, such that there is a
reasonable possibility that a material misstatement of the company's
annual or interim financial statements will not be prevented or
detected on a timely basis.

Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first paragraph
and would not necessarily disclose all deficiencies in internal control
over financial reporting that might be material weaknesses under standards
established by the PCAOB. However, we noted no deficiencies in the Fund's
internal control over financial reporting and its operation, including
controls over safeguarding securities, that we consider to be material
weaknesses as defined above as of October 31, 2025.

This report is intended solely for the information and use of the Board
of Trustees of Putnam Funds Trust and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone
other than these specified parties.

/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
December 18, 2025

```

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Putnam Funds Trust and Shareholders
of Putnam Core Bond Fund:

In planning and performing our audit of the financial statements
of Putnam Core Bond Fund (one of the funds constituting Putnam
Funds Trust, referred to hereafter as the "Fund") as of and for
the year ended October 31, 2025, in accordance with the standards
of the Public Company Accounting Oversight Board (United States)
(PCAOB), we considered the Fund's internal control over financial
reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-CEN, but not for the purpose of
expressing an opinion on the effectiveness of the Fund's internal
control over financial reporting. Accordingly, we do not express
an opinion on the effectiveness of the Fund's internal control
over financial reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls. A company's internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes
in accordance with generally accepted accounting principles.
A company's internal control over financial reporting includes
those policies and procedures that (1) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of the assets of the
company; (2) provide reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements
in accordance with generally accepted accounting principles, and
that receipts and expenditures of the company are being made only
in accordance with authorizations of management and directors of
the company; and (3) provide reasonable assurance regarding
prevention or timely detection of unauthorized acquisition, use
or disposition of a company's assets that could have a material
effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over financial reporting exists when
the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A material weakness
is a deficiency, or a combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable possibility
that a material misstatement of the company's annual or interim financial
statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting
was for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by
the PCAOB. However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be material weaknesses as
defined above as of October 31, 2025.

This report is intended solely for the information and use of the Board
of Trustees of Putnam Funds Trust and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone
other than these specified parties.

/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
December 18, 2025

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001005942

## N-CEN: Series/Class (Contract) Information

**Series ID Record:1**
- **Series ID:** S000024275

**Series ID Record:2**
- **Series ID:** S000024274

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-10-31

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Putnam Funds Trust

- **Item B.1.b - Investment Company Act file number:** 811-07513

- **Item B.1.c - CIK:** 0001005942

- **Item B.1.d - LEI:** 549300S9JYWEMKQCLW53

- **Item B.2.a - Street 1:** 100 FEDERAL STREET

- **Item B.2.b - City:** BOSTON

- **Item B.2.c - State:** MA

- **Item B.2.e - Zip Code:** 02110

- **Item B.2.f - Telephone:** 1-800-225-1581

- **Item B.2.g - Public Website:** WWW.FRANKLINTEMPLETON.COM

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Michael J. Higgins

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 225 FRANKLIN STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 2 AVENUE DE LAFAYETTE

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02111

- **g. Telephone number:** 1-617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 390 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 212-464-1909

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Custodian

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Services, LLC

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Administrative manager

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** Putnam Investment Management, LLC

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Investment Management Limited

- **b. Street 1:** Cannon Place

- **Street 2:** 78 Cannon Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC4N 6HL

- **g. Telephone number:** 44-20-7073-8500

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 8**

- **a. Name of person (e.g., a custodian of records):** Franklin Distributors, LLC

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Principal underwriter

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** Franklin Advisers, Inc.

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** Putnam Investor Services, Inc.

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-800-225-1581

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Transfer agent

**Location books Record: 11**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 380 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 212-270-6000

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as Sub-Administrator and Fund Accounting Agent

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** Franklin Templeton Group of Funds

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 14

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                     | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|:---|:---|:---|
| Jane E. Trust            | Yes                     | 811-02608, 811-04528, 811-07920, 811-23408, 811-04524, 811-22546, 811-06444, 811-21343, 811-22444, 811-07121, 811-05977, 811-06506, 811-05497, 811-05740, 811-10603, 811-02742, 811-21477, 811-08709, 811-06740, 811-21598, 811-04345, 811-05498, 811-07237, 811-03386, 811-21128, 811-04527, 811-07626, 811-06128, 811-22334, 811-06629, 811-04254, 811-02280, 811-01403, 811-05452, 811-02675, 811-22491, 811-22294, 811-22338, 811-05802, 811-03897, 811-23643, 811-06310, 811-05346, 811-10407, 811-06110, 811-21403, 811-00058, 811-04616, 811-05635, 811-22369, 811-00653, 811-06190, 811-04518, 811-21467, 811-02351, 811-21337, 811-03630, 811-03741, 811-04052 |
| Jennifer Williams Murphy | No                      | 811-04345, 811-00058, 811-04528, 811-03741, 811-05452, 811-05635, 811-02742, 811-03630, 811-00653, 811-07121, 811-04527, 811-06190, 811-01403, 811-07237, 811-04518, 811-03897, 811-02675, 811-21598, 811-23643, 811-07626, 811-04616, 811-05802, 811-05498, 811-04524, 811-03386, 811-02280, 811-06128, 811-02608, 811-05346, 811-05740, 811-05977                                                                                                                                                                                                                                                                                                                     |
| Katinka Domotorffy       | No                      | 811-23643, 811-03386, 811-05802, 811-03630, 811-03741, 811-02608, 811-00653, 811-21598, 811-06190, 811-06128, 811-07626, 811-04527, 811-04528, 811-02742, 811-05452, 811-01403, 811-05635, 811-02675, 811-05977, 811-05740, 811-07121, 811-03897, 811-04518, 811-00058, 811-05498, 811-04524, 811-04616, 811-04345, 811-02280, 811-07237, 811-05346                                                                                                                                                                                                                                                                                                                     |
| Catharine Bond Hill      | No                      | 811-06128, 811-03741, 811-05635, 811-04518, 811-05740, 811-05346, 811-05802, 811-03386, 811-05452, 811-03897, 811-02675, 811-03630, 811-00653, 811-04528, 811-05977, 811-02742, 811-00058, 811-04527, 811-04345, 811-23643, 811-01403, 811-07237, 811-07121, 811-06190, 811-21598, 811-04616, 811-05498, 811-02608, 811-07626, 811-04524, 811-02280                                                                                                                                                                                                                                                                                                                     |
| Liaquat Ahamed           | No                      | 811-03630, 811-04527, 811-07626, 811-21598, 811-05346, 811-02675, 811-00058, 811-07121, 811-04528, 811-02742, 811-05740, 811-07237, 811-04518, 811-06128, 811-02280, 811-01403, 811-05635, 811-02608, 811-03386, 811-05802, 811-05498, 811-03741, 811-23643, 811-04345, 811-04616, 811-00653, 811-06190, 811-05977, 811-03897, 811-05452, 811-04524                                                                                                                                                                                                                                                                                                                     |
| Gregory G. McGreevey     | No                      | 811-04528, 811-04345, 811-05977, 811-04518, 811-05635, 811-07626, 811-04524, 811-03897, 811-21598, 811-04527, 811-05498, 811-06128, 811-02280, 811-05802, 811-05452, 811-06190, 811-23643, 811-05346, 811-07237, 811-05740, 811-00653, 811-03386, 811-07121, 811-02742, 811-04616, 811-02675, 811-01403, 811-00058, 811-02608, 811-03630, 811-03741                                                                                                                                                                                                                                                                                                                     |
| Manoj P. Singh           | No                      | 811-06190, 811-02280, 811-04518, 811-00058, 811-02742, 811-05740, 811-04527, 811-00653, 811-04528, 811-02608, 811-07626, 811-03741, 811-03630, 811-05452, 811-04616, 811-21598, 811-03386, 811-05802, 811-05977, 811-07121, 811-04345, 811-01403, 811-05498, 811-05346, 811-23643, 811-02675, 811-04524, 811-06128, 811-05635, 811-03897, 811-07237                                                                                                                                                                                                                                                                                                                     |
| George Putnam III        | No                      | 811-06128, 811-03741, 811-04616, 811-23643, 811-05346, 811-06190, 811-21598, 811-01403, 811-04528, 811-03897, 811-04527, 811-02675, 811-05452, 811-03386, 811-07237, 811-04524, 811-05740, 811-04345, 811-05977, 811-05635, 811-05802, 811-02742, 811-04518, 811-00058, 811-02608, 811-07121, 811-07626, 811-02280, 811-00653, 811-05498, 811-03630                                                                                                                                                                                                                                                                                                                     |
| Mona K. Sutphen          | No                      | 811-05740, 811-04518, 811-03897, 811-23643, 811-04345, 811-04527, 811-05635, 811-02608, 811-00058, 811-03386, 811-04524, 811-03741, 811-00653, 811-06128, 811-05452, 811-04616, 811-05977, 811-07121, 811-05346, 811-02675, 811-07237, 811-03630, 811-04528, 811-01403, 811-21598, 811-02742, 811-05498, 811-02280, 811-06190, 811-07626, 811-05802                                                                                                                                                                                                                                                                                                                     |
| Robert L. Reynolds       | Yes                     | 811-05635, 811-07626, 811-03630, 811-00058, 811-02675, 811-05977, 811-02280, 811-06128, 811-03897, 811-23643, 811-07237, 811-05346, 811-07121, 811-01403, 811-06190, 811-02608, 811-21598, 811-00653, 811-04528, 811-04345, 811-04518, 811-04527, 811-05802, 811-03741, 811-02742, 811-05498, 811-04524, 811-05452, 811-04616, 811-03386, 811-05740                                                                                                                                                                                                                                                                                                                     |
| Marie Pillai             | No                      | 811-05740, 811-04345, 811-02675, 811-03386, 811-03897, 811-05635, 811-05498, 811-00058, 811-04616, 811-02742, 811-04527, 811-23643, 811-04524, 811-02280, 811-07121, 811-07626, 811-01403, 811-03741, 811-06190, 811-04518, 811-00653, 811-03630, 811-05802, 811-07237, 811-05977, 811-04528, 811-02608, 811-06128, 811-05452, 811-05346, 811-21598                                                                                                                                                                                                                                                                                                                     |
| Barbara M. Baumann       | No                      | 811-04524, 811-06128, 811-01403, 811-03741, 811-21598, 811-04616, 811-05802, 811-05740, 811-05635, 811-02280, 811-23643, 811-07237, 811-00058, 811-03386, 811-07626, 811-04345, 811-04518, 811-04527, 811-02742, 811-03630, 811-05346, 811-05977, 811-00653, 811-02675, 811-07121, 811-06190, 811-03897, 811-02608, 811-05452, 811-05498, 811-04528                                                                                                                                                                                                                                                                                                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** James F. Clark

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 100 FEDERAL STREET

- **d. City:** BOSTON

- **e. State, if applicable:** MA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 02110

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-25271
  - IC-24210
  - IC-20851
  - IC-18998

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Franklin Distributors, LLC

- **ii. SEC file number:** 8-5889

- **iii. CRD number:** 000000332

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** Yes

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Putnam Core Bond Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Putnam Core Bond Fund

- **b. Series identification number, if any:** S000024275

- **c. LEI:** 549300PER537II0N8U45

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class       | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | PUTNAM CORE BOND FUND CL R  | C000071712                                | PTRKX                        |
|                           2 | PUTNAM CORE BOND FUND CL A  | C000071714                                | PTRNX                        |
|                           3 | PUTNAM CORE BOND FUND CL Y  | C000071713                                | PYTRX                        |
|                           4 | PUTNAM CORE BOND FUND CL R6 | C000118006                                | PTREX                        |
|                           5 | PUTNAM CORE BOND FUND CL C  | C000071716                                | PTRGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Goldman Sachs Bank USA

- **ii. LEI, if any:** KD3XUN7C6T14HNAYLU02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** Franklin Advisers, Inc.

- **ii. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Franklin Templeton Investment Management Limited

- **ii. SEC file number:** 801-55170

- **iii. CRD number:** 000111360

- **iv. LEI, if any:** MLH7B1BVFWXZVST01715

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

**Sub-adviser Record: 2**

- **i. Full name:** Putnam Investment Management, LLC

- **ii. SEC file number:** 801-7974

- **iii. CRD number:** 000106629

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. SEC file number:** 84-06331

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** Franklin Templeton Services, LLC

- **ii. LEI, if any, or other identifying number:** 549300DFD0POOJZ42788

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

**Administrators Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   | CRD number   | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|:---|:---|:---|:---|:---|
| J.P. Morgan Securities LLC    | 8-35008           | 000000079    | ZBUT11V806EZRVTWT807 | NY      | US        | $10,638,728,617.59        |
| Bank of Montreal              | N/A               | N/A          | NQQ6HPCNCCU6TUTQYE16 |  |  | $207,754,486.02           |
| Citigroup Global Markets Inc. | 8-08177           | 000007059    | MBNUM2BPBDO7JBLYG310 | NY      | US        | $4,304,339,401.82         |
| Citadel Securities LLC        | 8-53574           | 000116797    | 12UUJYTN7D3SW8KCSG25 | FL      | US        | $285,067,602.69           |
| BofA Securities, Inc.         | 8-69787           | 000283942    | 549300HN4UKV1E2R3U73 | NY      | US        | $1,574,713,231.65         |
| Morgan Stanley & Co. LLC      | 8-15869           | 000008209    | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $3,212,349,807.07         |
| Mizuho Securities USA LLC     | 8-37710           | 000019647    | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $1,910,073,286.45         |
| Goldman Sachs & Co. LLC       | 8-00129           | 000000361    | FOR8UP27PHTHYVLBNG30 | NY      | US        | $3,153,976,009.52         |
| Wells Fargo Securities, LLC   | 8-65876           | 000126292    | VYVVCKR63DVZZN70PB21 | NC      | US        | $3,003,681,601.52         |
| Barclays Capital, Inc.        | 8-41342           | 000019714    | AC28XWWI3WIBK2824319 | NY      | US        | $635,479,644.72           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $29,930,130,756.43

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,119,015,183.38

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,995,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 2 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 3 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 4 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 5 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** DEUTSCHE BANK SECURITIES INC.

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY SENIOR FUNDING, INC.

  - **Line Institutions Record: 8 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 10 Name of institution:** HSBC BANK USA, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                                                  | SEC File number   |
|:---|:---|
| Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)                   | 811-05346         |
| Franklin Louisiana Tax-Free Income Fund                                                       | 811-04149         |
| Western Asset SMASh Series Core Completion Fund                                               | 811-06740         |
| Franklin Mutual Shares Fund                                                                   | 811-05387         |
| Putnam Government Money Market Fund                                                           | 811-07237         |
| Franklin Growth Allocation Fund                                                               | 811-07851         |
| Franklin Rising Dividends Fund                                                                | 811-04894         |
| Templeton Foreign Fund                                                                        | 811-02781         |
| Franklin Alabama Tax-Free Income Fund                                                         | 811-04149         |
| K2 Alternative Strategies Fund                                                                | 811-22641         |
| Western Asset Core Bond Fund                                                                  | 811-06110         |
| Franklin Mutual Small-Mid Cap Value Fund                                                      | 811-05878         |
| Franklin Mutual Quest Fund                                                                    | 811-05387         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                                               | 811-23643         |
| Western Asset Total Return Unconstrained Fund                                                 | 811-06110         |
| Franklin LifeSmart 2060 Retirement Target Fund                                                | 811-07851         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)                                    | 811-07513         |
| Franklin Missouri Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Templeton Moderately Aggressive Model Portfolio                                      | 811-21128         |
| Western Asset Intermediate Bond Fund                                                          | 811-06110         |
| Putnam Focused International Equity Fund                                                      | 811-01403         |
| ClearBridge Variable Appreciation Portfolio                                                   | 811-21128         |
| Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)                              | 811-05346         |
| Franklin Multi-Asset Variable Moderate Growth Fund                                            | 811-21128         |
| Franklin Templeton Moderate Model Portfolio                                                   | 811-21128         |
| Putnam VT International Value Fund                                                            | 811-05346         |
| Franklin Minnesota Tax-Free Income Fund                                                       | 811-04149         |
| Franklin LifeSmart 2030 Retirement Target Fund                                                | 811-07851         |
| Putnam Emerging Markets Equity Fund                                                           | 811-07513         |
| BrandywineGLOBAL - Alternative Credit Fund                                                    | 811-22338         |
| Western Asset Short Duration High Income Fund                                                 | 811-04254         |
| Putnam Tax-Free High Yield Fund                                                               | 811-04345         |
| ClearBridge Variable Growth Portfolio                                                         | 811-21128         |
| Franklin U.S. Government Securities VIP Fund                                                  | 811-05583         |
| Franklin Core Plus Bond Fund                                                                  | 811-06243         |
| Franklin S&P 500 Index Fund                                                                   | 811-06444         |
| ClearBridge International Value Fund                                                          | 811-06444         |
| Putnam Dynamic Asset Allocation Balanced Fund                                                 | 811-07121         |
| Putnam VT Small Cap Growth Fund                                                               | 811-05346         |
| Putnam Dynamic Asset Allocation Growth Fund                                                   | 811-07121         |
| Martin Currie Emerging Markets Fund                                                           | 811-22338         |
| Western Asset Core Plus Bond Fund                                                             | 811-06110         |
| Franklin Managed Income Fund                                                                  | 811-04986         |
| ClearBridge Variable Large Cap Growth Portfolio                                               | 811-21128         |
| Franklin Rising Dividends VIP Fund                                                            | 811-05583         |
| Franklin Real Estate Securities Fund                                                          | 811-08034         |
| Franklin Growth Fund                                                                          | 811-00537         |
| Putnam Diversified Income Trust                                                               | 811-05635         |
| ClearBridge Small Cap Fund                                                                    | 811-22338         |
| Franklin Corefolio Allocation Fund                                                            | 811-07851         |
| Franklin New York Tax-Free Income Fund                                                        | 811-03479         |
| Western Asset SMASh Series C Fund                                                             | 811-06740         |
| ClearBridge Appreciation Fund                                                                 | 811-06444         |
| Western Asset Managed Municipals Fund                                                         | 811-04254         |
| Western Asset California Municipals Fund                                                      | 811-04254         |
| Franklin Multi-Asset Variable Growth Fund                                                     | 811-21128         |
| Templeton Foreign VIP Fund                                                                    | 811-05583         |
| Franklin VolSmart Allocation VIP Fund                                                         | 811-05583         |
| Franklin Templeton Conservative Model Portfolio                                               | 811-21128         |
| Franklin Senior Loan ETF                                                                      | 811-23124         |
| Franklin New Jersey Tax-Free Income Fund                                                      | 811-04149         |
| Franklin Small Cap Growth Fund                                                                | 811-06243         |
| Franklin Multi-Asset Defensive Growth Fund                                                    | 811-06444         |
| Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)                         | 811-07237         |
| Putnam Ultra Short Duration Income Fund                                                       | 811-07513         |
| Franklin LifeSmart Retirement Income Fund                                                     | 811-07851         |
| ClearBridge Large Cap Value Fund                                                              | 811-06444         |
| Western Asset Short Duration Income ETF                                                       | 811-23096         |
| Templeton Global Bond Fund                                                                    | 811-04706         |
| Franklin Low Duration U.S. Government Securities Fund                                         | 811-04986         |
| Putnam Ultra Short MAC Series                                                                 | 811-07513         |
| Franklin International Equity Fund (fka QS International Equity Fund)                         | 811-22338         |
| Putnam ESG High Yield ETF                                                                     | 811-23643         |
| Foreign Smaller Companies Series                                                              | 811-06135         |
| Franklin Floating Rate Daily Access Fund                                                      | 811-04986         |
| Franklin Income Fund                                                                          | 811-00537         |
| Franklin LifeSmart 2050 Retirement Target Fund                                                | 811-07851         |
| Franklin DynaTech Fund                                                                        | 811-00537         |
| Franklin Mutual U.S. Mid Cap Value Fund                                                       | 811-05878         |
| Putnam VT Sustainable Leaders Fund                                                            | 811-05346         |
| BrandywineGLOBAL - High Yield Fund                                                            | 811-06444         |
| Franklin Mutual International Value Fund                                                      | 811-05387         |
| Franklin Maryland Tax-Free Income Fund                                                        | 811-04149         |
| Putnam Sustainable Future ETF                                                                 | 811-23643         |
| Franklin California Tax-Free Income Fund                                                      | 811-02790         |
| Franklin Templeton SMACS:  Series CH                                                          | 811-06243         |
| Western Asset Short-Term Bond Fund                                                            | 811-04254         |
| Franklin Emerging Market Debt Opportunities Fund                                              | 811-10157         |
| Franklin U.S. Large Cap Equity Fund                                                           | 811-06444         |
| Putnam Strategic Intermediate Municipal Fund                                                  | 811-04345         |
| Putnam BioRevolution ETF                                                                      | 811-23643         |
| Franklin LifeSmart 2020 Retirement Target Fund                                                | 811-07851         |
| Putnam Emerging Markets Ex-China ETF                                                          | 811-23643         |
| Putnam Focused Large Cap Value ETF                                                            | 811-23643         |
| Franklin LifeSmart 2055 Retirement Target Fund                                                | 811-07851         |
| Putnam California Tax Exempt Income Fund                                                      | 811-03630         |
| Putnam Floating Rate Income Fund                                                              | 811-07513         |
| Putnam Sustainable Leaders ETF                                                                | 811-23643         |
| Western Asset Corporate Bond Fund                                                             | 811-04254         |
| ClearBridge International Growth Fund                                                         | 811-22338         |
| Western Asset Bond ETF                                                                        | 811-23124         |
| Western Asset Core Plus VIT Portfolio                                                         | 811-06310         |
| Putnam VT Income Fund                                                                         | 811-05346         |
| ClearBridge Variable Dividend Strategy Portfolio                                              | 811-21128         |
| Franklin California Intermediate-Term Tax-Free Income Fund                                    | 811-04356         |
| Putnam Global Income Trust                                                                    | 811-04524         |
| ClearBridge Large Cap Growth Fund                                                             | 811-06444         |
| Western Asset New Jersey Municipals Fund                                                      | 811-04254         |
| ClearBridge Small Cap Growth Fund                                                             | 811-06444         |
| Franklin Templeton Aggressive Model Portfolio                                                 | 811-21128         |
| Putnam Pennsylvania Tax Exempt Income Fund                                                    | 811-05802         |
| Putnam Research Fund                                                                          | 811-07237         |
| Franklin Biotechnology Discovery Fund                                                         | 811-06243         |
| Franklin Long Duration Credit Fund                                                            | 811-04986         |
| Putnam Ohio Tax Exempt Income Fund                                                            | 811-04528         |
| Franklin Global Equity Fund                                                                   | 811-06444         |
| Franklin Georgia Tax-Free Income Fund                                                         | 811-04149         |
| Franklin Virginia Tax-Free Income Fund                                                        | 811-04149         |
| Putnam Dynamic Asset Allocation Conservative Fund                                             | 811-07121         |
| Putnam Mortgage Opportunities Fund                                                            | 811-07513         |
| Templeton Developing Markets Trust                                                            | 811-06378         |
| Western Asset Intermediate Maturity California Municipals Fund                                | 811-04254         |
| Putnam VT Global Health Care Fund                                                             | 811-05346         |
| Putnam ESG Core Bond ETF                                                                      | 811-23643         |
| Putnam VT Small Cap Value Fund                                                                | 811-05346         |
| Putnam Sustainable Leaders Fund                                                               | 811-06128         |
| Western Asset SMASh Series M Fund                                                             | 811-06740         |
| Putnam Sustainable Future Fund                                                                | 811-07237         |
| Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund) | 811-22338         |
| Putnam VT Global Asset Allocation Fund                                                        | 811-05346         |
| Franklin Growth Opportunities Fund                                                            | 811-06243         |
| Putnam International Capital Opportunities Fund                                               | 811-07237         |
| Templeton Developing Markets VIP Fund                                                         | 811-05583         |
| Templeton International Bond Fund                                                             | 811-04706         |
| Franklin Federal Tax-Free Income Fund                                                         | 811-03395         |
| Western Asset Income Fund                                                                     | 811-04254         |
| Franklin Global Allocation Fund                                                               | 811-07851         |
| Franklin DynaTech VIP Fund                                                                    | 811-05583         |
| Franklin High Yield Corporate ETF                                                             | 811-23124         |
| Franklin Strategic Income VIP Fund                                                            | 811-05583         |
| Franklin Conservative Allocation Fund                                                         | 811-07851         |
| ClearBridge Mid Cap Fund                                                                      | 811-06444         |
| Putnam Mortgage Securities Fund                                                               | 811-03897         |
| Western Asset Variable Global High Yield Bond Portfolio                                       | 811-06310         |
| Franklin LifeSmart 2035 Retirement Target Fund                                                | 811-07851         |
| Putnam Dynamic Asset Allocation Equity Fund                                                   | 811-07513         |
| Western Asset Mortgage Total Return Fund                                                      | 811-04254         |
| Putnam BDC Income ETF                                                                         | 811-23643         |
| Putnam Short Duration Bond Fund                                                               | 811-07513         |
| Franklin Total Return Fund                                                                    | 811-04986         |
| Franklin Small-Mid Cap Growth VIP Fund                                                        | 811-05583         |
| BrandywineGLOBAL - Global Opportuniites Bond Fund                                             | 811-22338         |
| Western Asset Long Credit VIT                                                                 | 811-06310         |
| Putnam VT High Yield Fund                                                                     | 811-05346         |
| Western Asset Inflation Indexed Plus Bond Fund                                                | 811-06110         |
| Franklin LifeSmart 2040 Retirement Target Fund                                                | 811-07851         |
| Putnam VT Emerging Markets Equity Fund                                                        | 811-05346         |
| Putnam Tax Exempt Income Fund                                                                 | 811-02675         |
| Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)              | 811-05583         |
| Templeton Growth VIP Fund                                                                     | 811-05583         |
| Franklin Growth and Income VIP Fund                                                           | 811-05583         |
| Putnam Intermediate-Term Municipal Income Fund                                                | 811-07513         |
| Putnam Short-Term Municipal Income Fund                                                       | 811-07513         |
| Franklin Large Cap Growth VIP Fund                                                            | 811-05583         |
| Franklin High Yield Tax-Free Income Fund                                                      | 811-04149         |
| BrandywineGLOBAL - Corporate Credit Fund                                                      | 811-06444         |
| Franklin International Growth Fund                                                            | 811-10157         |
| Putnam Global Technology Fund                                                                 | 811-07513         |
| Western Asset New York Municipals Fund                                                        | 811-04254         |
| Franklin Equity Income Fund                                                                   | 811-04986         |
| Martin Currie SMASh Series EM Fund                                                            | 811-22338         |
| Franklin LifeSmart 2025 Retirement Target Fund                                                | 811-07851         |
| Franklin Michigan Tax-Free Income Fund                                                        | 811-04149         |
| Putnam Money Market Fund                                                                      | 811-02608         |
| Putnam Small Cap Value Fund                                                                   | 811-07237         |
| Putnam New Jersey Tax Exempt Income Fund                                                      | 811-05977         |
| Franklin Oregon Tax-Free Income Fund                                                          | 811-04149         |
| Putnam International Equity Fund                                                              | 811-06190         |
| Western Asset Total Return ETF                                                                | 811-23096         |
| Templeton Global Smaller Companies Fund                                                       | 811-03143         |
| Western Asset Intermediate-Term Municipals Fund                                               | 811-04254         |
| ClearBridge Variable Small Cap Growth Portfolio                                               | 811-21128         |
| Franklin Moderate Allocation Fund                                                             | 811-07851         |
| Franklin Low Duration Total Return Fund                                                       | 811-04986         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                                        | 811-22338         |
| Franklin Connecticut Tax-Free Income Fund                                                     | 811-04149         |
| Franklin Small-Mid Cap Growth Fund                                                            | 811-06243         |
| ClearBridge Variable Large Cap Value Portfolio                                                | 811-21128         |
| Putnam Large Cap Value Fund                                                                   | 811-02742         |
| ClearBridge Value Fund                                                                        | 811-22338         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                                             | 811-22338         |
| Franklin New York Intermediate-Term Tax-Free Income Fund                                      | 811-04787         |
| Franklin Mutual Beacon Fund                                                                   | 811-05387         |
| Franklin Ohio Tax-Free Income Fund                                                            | 811-04149         |
| Franklin Templeton SMACS:  Series E                                                           | 811-06243         |
| Franklin Templeton SMACS:  Series I                                                           | 811-06243         |
| Franklin Multi-Asset Variable Conservative Growth Fund                                        | 811-21128         |
| Putnam VT Government Money Market Fund                                                        | 811-05346         |
| Franklin Strategic Mortgage Portfolio                                                         | 811-07288         |
| Western Asset Short Duration Municipal Income Fund                                            | 811-04254         |
| Western Asset SMASh Series TF Fund                                                            | 811-06740         |
| Putnam VT Large Cap Value Fund                                                                | 811-05346         |
| Franklin Mutual Shares VIP Fund                                                               | 811-05583         |
| Western Asset High Yield Fund                                                                 | 811-06110         |
| Franklin Templeton Moderately Conservative Model Portfolio                                    | 811-21128         |
| Putnam VT George Putnam Balanced Fund                                                         | 811-05346         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                                       | 811-04149         |
| Franklin Templeton SMACS:  Series EM                                                          | 811-08226         |
| Putnam ESG Ultra Short ETF                                                                    | 811-23643         |
| Western Asset Pennsylvania Municipals Fund                                                    | 811-04254         |
| Franklin Colorado Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Gold and Precious Metals Fund                                                        | 811-01700         |
| Templeton Global Bond VIP Fund                                                                | 811-05583         |
| ClearBridge Mid Cap Growth Fund                                                               | 811-06444         |
| Putnam VT International Equity Fund                                                           | 811-05346         |
| Franklin U.S. Government Securities Fund                                                      | 811-00537         |
| Western Asset Massachusetts Municipals Fund                                                   | 811-04254         |
| Putnam Minnesota Tax Exempt Income Fund                                                       | 811-04527         |
| Putnam VT Research Fund                                                                       | 811-05346         |
| Franklin Federal Limited-Term Tax-Free Income Fund                                            | 811-04149         |
| ClearBridge Global Infrastructure Income Fund                                                 | 811-22338         |
| Franklin Small Cap Value VIP Fund                                                             | 811-05583         |
| Franklin Massachusetts Tax-Free Income Fund                                                   | 811-04149         |
| Putnam Global Health Care Fund                                                                | 811-03386         |
| Templeton Global Total Return Fund                                                            | 811-04706         |
| Templeton Global Balanced Fund                                                                | 811-08226         |
| Franklin Mutual Global Discovery VIP Fund                                                     | 811-05583         |
| ClearBridge Growth Fund                                                                       | 811-06444         |
| Franklin Convertible Securities Fund                                                          | 811-04986         |
| Franklin Multi-Asset Moderate Growth Fund                                                     | 811-06444         |
| Franklin Income VIP Fund                                                                      | 811-05583         |
| Putnam New York Tax Exempt Income Fund                                                        | 811-03741         |
| Western Asset Municipal High Income Fund                                                      | 811-04254         |
| Western Asset Ultra-Short Income Fund                                                         | 811-04254         |
| Western Asset Oregon Municipals Fund                                                          | 811-04254         |
| ClearBridge Sustainability Leaders Fund                                                       | 811-06444         |
| International Equity Series                                                                   | 811-06135         |
| BrandywineGLOBAL - Flexible Bond Fund                                                         | 811-22338         |
| Franklin California High Yield Municipal Fund                                                 | 811-06481         |
| Putnam Convertible Securities Fund                                                            | 811-02280         |
| ClearBridge Tactical Dividend Income Fund                                                     | 811-06444         |
| Franklin Natural Resources Fund                                                               | 811-06243         |
| Putnam Massachusetts Tax Exempt Income Fund                                                   | 811-04518         |
| Putnam Small Cap Growth Fund                                                                  | 811-07513         |
| Putnam Focused Equity Fund                                                                    | 811-07513         |
| Putnam Focused Large Cap Growth ETF                                                           | 811-23643         |
| Franklin Utilities Fund                                                                       | 811-00537         |
| Western Asset Intermediate Maturity New York Municipals Fund                                  | 811-04254         |
| George Putnam Balanced Fund                                                                   | 811-00058         |
| ClearBridge Dividend Strategy Fund                                                            | 811-06444         |
| Franklin Pennsylvania Tax-Free Income Fund                                                    | 811-04149         |
| Franklin LifeSmart 2045 Retirement Target Fund                                                | 811-07851         |
| Franklin Mutual Global Discovery Fund                                                         | 811-05387         |
| Putnam High Yield Fund                                                                        | 811-04616         |
| Putnam PanAgora ESG International Equity ETF                                                  | 811-23643         |
| Franklin Global Real Estate VIP Fund                                                          | 811-05583         |
| Putnam VT Diversified Income Fund                                                             | 811-05346         |
| Franklin Templeton SMACS:  Series H                                                           | 811-06243         |
| Franklin Multi-Asset Conservative Growth Fund                                                 | 811-06444         |
| Franklin High Income Fund                                                                     | 811-01608         |
| Putnam International Value Fund                                                               | 811-07513         |
| ClearBridge Select Fund                                                                       | 811-06444         |
| Templeton Growth Fund, Inc.                                                                   | 811-04892         |
| Putnam VT Mortgage Securities Fund                                                            | 811-05346         |
| Putnam VT Focused International Equity Fund                                                   | 811-05346         |
| Templeton Sustainable Emerging Markets Bond Fund                                              | 811-04706         |
| Putnam Income Fund                                                                            | 811-00653         |
| Franklin Multi-Asset Growth Fund                                                              | 811-06444         |
| Putnam Multi-Asset Income Fund                                                                | 811-07121         |
| Franklin North Carolina Tax-Free Income Fund                                                  | 811-04149         |
| Franklin Arizona Tax-Free Income Fund                                                         | 811-04149         |
| Templeton World Fund                                                                          | 811-02781         |
| Templeton Emerging Markets Small Cap Fund                                                     | 811-08226         |
| Western Asset SMASh Series Core Plus Completion                                               | 811-06740         |
| Franklin Floating Rate Master Series                                                          | 811-09869         |
| Putnam VT Sustainable Future Fund                                                             | 811-05346         |
| ClearBridge Variable Mid Cap Portfolio                                                        | 811-21128         |
| Franklin Small Cap Value Fund                                                                 | 811-05878         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - Putnam Short Duration Bond Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Putnam Short Duration Bond Fund

- **b. Series identification number, if any:** S000024274

- **c. LEI:** 549300PWIJM2PIWDR477

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 5

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                 | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | PUTNAM SHORT DURATION BOND FUND CL C  | C000071707                                | PARQX                        |
|                           2 | PUTNAM SHORT DURATION BOND FUND CL A  | C000071705                                | PARTX                        |
|                           3 | PUTNAM SHORT DURATION BOND FUND CL Y  | C000071710                                | PARYX                        |
|                           4 | PUTNAM SHORT DURATION BOND FUND CL R6 | C000118004                                | PRREX                        |
|                           5 | PUTNAM SHORT DURATION BOND FUND CL R  | C000071709                                | PRARX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** Goldman Sachs Bank USA

- **ii. LEI, if any:** KD3XUN7C6T14HNAYLU02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** Franklin Advisers, Inc.

- **ii. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** No

- **iv. Is the cash collateral manager an affiliated person of the Fund?** Yes

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [ ] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 12d1-4 (17 CFR 270.12d1-4)

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** Yes

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Franklin Templeton Investment Management Limited

- **ii. SEC file number:** 801-55170

- **iii. CRD number:** 000111360

- **iv. LEI, if any:** MLH7B1BVFWXZVST01715

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

**Sub-adviser Record: 2**

- **i. Full name:** Putnam Investment Management, LLC

- **ii. SEC file number:** 801-7974

- **iii. CRD number:** 000106629

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. SEC file number:** 84-06331

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** PricingDirect Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300WIC0TOJ7N7GD54

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 4**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 5**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** Franklin Templeton Services, LLC

- **ii. LEI, if any, or other identifying number:** 549300DFD0POOJZ42788

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,571.49

**Brokers Record: 2**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,383.70

**Aggregate Commission:** $3,955.19

**Item C.17.a. Principal transaction counterparties.**

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| BofA Securities, Inc.         | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $2,937,357,922.97         |
| Truist Securities, Inc.       | 8-17212           |    000006271 | CSVTK36R0PNGXEM7NS14 | GA      | US        | $419,774,506.70           |
| Goldman Sachs & Co. LLC       | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $320,091,123.43           |
| RBC Capital Markets, LLC      | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $357,643,843.10           |
| Barclays Capital, Inc.        | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $705,648,760.63           |
| HSBC Securities (USA) Inc.    | 8-41562           |    000019585 | CYYGQCGNHMHPSMRL3R97 | NY      | US        | $649,268,474.03           |
| Mizuho Securities USA LLC     | 8-37710           |    000019647 | 7TK5RJIZDFROZCA6XF66 | NY      | US        | $939,003,621.04           |
| Wells Fargo Securities, LLC   | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $1,107,481,200.62         |
| J.P. Morgan Securities LLC    | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $9,178,910,896.79         |
| Citigroup Global Markets Inc. | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $7,670,862,146.48         |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $25,271,104,078.90

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $1,353,416,613.23

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,995,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 2 Name of institution:** MORGAN STANLEY SENIOR FUNDING, INC.

  - **Line Institutions Record: 3 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 4 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 5 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 7 Name of institution:** DEUTSCHE BANK SECURITIES INC.

  - **Line Institutions Record: 8 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 10 Name of institution:** STATE STREET BANK AND TRUST COMPANY

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                                                  | SEC File number   |
|:---|:---|
| Putnam International Capital Opportunities Fund                                               | 811-07237         |
| Franklin DynaTech Fund                                                                        | 811-00537         |
| International Equity Series                                                                   | 811-06135         |
| ClearBridge Variable Large Cap Growth Portfolio                                               | 811-21128         |
| Franklin Templeton SMACS:  Series H                                                           | 811-06243         |
| Western Asset Total Return Unconstrained Fund                                                 | 811-06110         |
| Martin Currie SMASh Series EM Fund                                                            | 811-22338         |
| Putnam VT Small Cap Value Fund                                                                | 811-05346         |
| Franklin Arizona Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Tax-Free High Yield Fund                                                               | 811-04345         |
| ClearBridge Variable Growth Portfolio                                                         | 811-21128         |
| Franklin Pennsylvania Tax-Free Income Fund                                                    | 811-04149         |
| Western Asset New York Municipals Fund                                                        | 811-04254         |
| Western Asset Intermediate Bond Fund                                                          | 811-06110         |
| Franklin U.S. Government Securities Fund                                                      | 811-00537         |
| Putnam VT Focused International Equity Fund                                                   | 811-05346         |
| Putnam Dynamic Asset Allocation Growth Fund                                                   | 811-07121         |
| Franklin Moderate Allocation Fund                                                             | 811-07851         |
| Franklin Low Duration Total Return Fund                                                       | 811-04986         |
| Franklin Real Estate Securities Fund                                                          | 811-08034         |
| Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)                              | 811-05346         |
| Putnam VT Large Cap Value Fund                                                                | 811-05346         |
| Templeton Emerging Markets Small Cap Fund                                                     | 811-08226         |
| ClearBridge Value Fund                                                                        | 811-22338         |
| Putnam Income Fund                                                                            | 811-00653         |
| ClearBridge Mid Cap Fund                                                                      | 811-06444         |
| Western Asset Income Fund                                                                     | 811-04254         |
| Franklin LifeSmart 2025 Retirement Target Fund                                                | 811-07851         |
| Martin Currie Emerging Markets Fund                                                           | 811-22338         |
| Franklin Mutual Global Discovery VIP Fund                                                     | 811-05583         |
| ClearBridge Variable Dividend Strategy Portfolio                                              | 811-21128         |
| Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)                         | 811-07237         |
| Franklin Growth and Income VIP Fund                                                           | 811-05583         |
| Templeton Global Total Return Fund                                                            | 811-04706         |
| Western Asset Massachusetts Municipals Fund                                                   | 811-04254         |
| Putnam Emerging Markets Ex-China ETF                                                          | 811-23643         |
| Western Asset Mortgage Total Return Fund                                                      | 811-04254         |
| Franklin Growth Allocation Fund                                                               | 811-07851         |
| Templeton Foreign VIP Fund                                                                    | 811-05583         |
| Franklin Low Duration U.S. Government Securities Fund                                         | 811-04986         |
| Putnam Dynamic Asset Allocation Balanced Fund                                                 | 811-07121         |
| Franklin Convertible Securities Fund                                                          | 811-04986         |
| Franklin California High Yield Municipal Fund                                                 | 811-06481         |
| Putnam VT Income Fund                                                                         | 811-05346         |
| Franklin Massachusetts Tax-Free Income Fund                                                   | 811-04149         |
| Franklin Templeton Aggressive Model Portfolio                                                 | 811-21128         |
| Putnam VT Global Health Care Fund                                                             | 811-05346         |
| Franklin Emerging Market Debt Opportunities Fund                                              | 811-10157         |
| Franklin Minnesota Tax-Free Income Fund                                                       | 811-04149         |
| Western Asset SMASh Series M Fund                                                             | 811-06740         |
| Franklin Rising Dividends Fund                                                                | 811-04894         |
| Franklin Senior Loan ETF                                                                      | 811-23124         |
| Franklin Multi-Asset Defensive Growth Fund                                                    | 811-06444         |
| Franklin Utilities Fund                                                                       | 811-00537         |
| Franklin New York Tax-Free Income Fund                                                        | 811-03479         |
| Templeton Global Bond VIP Fund                                                                | 811-05583         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)                                    | 811-07513         |
| Western Asset Oregon Municipals Fund                                                          | 811-04254         |
| Western Asset New Jersey Municipals Fund                                                      | 811-04254         |
| Franklin Alabama Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Global Technology Fund                                                                 | 811-07513         |
| Putnam Sustainable Leaders Fund                                                               | 811-06128         |
| Templeton Developing Markets Trust                                                            | 811-06378         |
| Franklin DynaTech VIP Fund                                                                    | 811-05583         |
| ClearBridge Global Infrastructure Income Fund                                                 | 811-22338         |
| Franklin Strategic Mortgage Portfolio                                                         | 811-07288         |
| Western Asset Variable Global High Yield Bond Portfolio                                       | 811-06310         |
| Putnam Ultra Short Duration Income Fund                                                       | 811-07513         |
| Templeton Global Bond Fund                                                                    | 811-04706         |
| Franklin Missouri Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Louisiana Tax-Free Income Fund                                                       | 811-04149         |
| ClearBridge International Value Fund                                                          | 811-06444         |
| Western Asset Short Duration Income ETF                                                       | 811-23096         |
| ClearBridge Small Cap Growth Fund                                                             | 811-06444         |
| Franklin Multi-Asset Conservative Growth Fund                                                 | 811-06444         |
| Franklin Long Duration Credit Fund                                                            | 811-04986         |
| Franklin Templeton Moderately Aggressive Model Portfolio                                      | 811-21128         |
| Franklin Conservative Allocation Fund                                                         | 811-07851         |
| Putnam Global Income Trust                                                                    | 811-04524         |
| ClearBridge Appreciation Fund                                                                 | 811-06444         |
| Putnam New Jersey Tax Exempt Income Fund                                                      | 811-05977         |
| BrandywineGLOBAL - Alternative Credit Fund                                                    | 811-22338         |
| Western Asset Short Duration High Income Fund                                                 | 811-04254         |
| Franklin Small-Mid Cap Growth Fund                                                            | 811-06243         |
| Franklin Georgia Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Large Cap Value Fund                                                                   | 811-02742         |
| Western Asset SMASh Series Core Completion Fund                                               | 811-06740         |
| Franklin Growth Opportunities Fund                                                            | 811-06243         |
| Franklin Michigan Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Templeton Moderately Conservative Model Portfolio                                    | 811-21128         |
| Western Asset Municipal High Income Fund                                                      | 811-04254         |
| Putnam Mortgage Opportunities Fund                                                            | 811-07513         |
| Putnam International Equity Fund                                                              | 811-06190         |
| Franklin Small Cap Value VIP Fund                                                             | 811-05583         |
| Templeton Sustainable Emerging Markets Bond Fund                                              | 811-04706         |
| BrandywineGLOBAL - Flexible Bond Fund                                                         | 811-22338         |
| Franklin Mutual Shares VIP Fund                                                               | 811-05583         |
| Western Asset SMASh Series C Fund                                                             | 811-06740         |
| Franklin Colorado Tax-Free Income Fund                                                        | 811-04149         |
| Western Asset Pennsylvania Municipals Fund                                                    | 811-04254         |
| Foreign Smaller Companies Series                                                              | 811-06135         |
| Putnam High Yield Fund                                                                        | 811-04616         |
| ClearBridge Dividend Strategy Fund                                                            | 811-06444         |
| Franklin Mutual Global Discovery Fund                                                         | 811-05387         |
| Franklin LifeSmart 2050 Retirement Target Fund                                                | 811-07851         |
| Franklin Global Allocation Fund                                                               | 811-07851         |
| BrandywineGLOBAL - High Yield Fund                                                            | 811-06444         |
| Templeton World Fund                                                                          | 811-02781         |
| Franklin Total Return Fund                                                                    | 811-04986         |
| Putnam VT Mortgage Securities Fund                                                            | 811-05346         |
| Putnam Dynamic Asset Allocation Conservative Fund                                             | 811-07121         |
| Western Asset Inflation Indexed Plus Bond Fund                                                | 811-06110         |
| Franklin Small Cap Growth Fund                                                                | 811-06243         |
| K2 Alternative Strategies Fund                                                                | 811-22641         |
| Franklin High Yield Corporate ETF                                                             | 811-23124         |
| Franklin Mutual Beacon Fund                                                                   | 811-05387         |
| Putnam Government Money Market Fund                                                           | 811-07237         |
| Franklin Mutual Shares Fund                                                                   | 811-05387         |
| Putnam VT High Yield Fund                                                                     | 811-05346         |
| Franklin Growth Fund                                                                          | 811-00537         |
| Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)              | 811-05583         |
| Franklin Multi-Asset Variable Conservative Growth Fund                                        | 811-21128         |
| Franklin Gold and Precious Metals Fund                                                        | 811-01700         |
| Franklin Rising Dividends VIP Fund                                                            | 811-05583         |
| Franklin LifeSmart Retirement Income Fund                                                     | 811-07851         |
| Western Asset Corporate Bond Fund                                                             | 811-04254         |
| Western Asset Core Plus Bond Fund                                                             | 811-06110         |
| Putnam Small Cap Growth Fund                                                                  | 811-07513         |
| Templeton Growth VIP Fund                                                                     | 811-05583         |
| Templeton Global Smaller Companies Fund                                                       | 811-03143         |
| Franklin Oregon Tax-Free Income Fund                                                          | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                                                         | 811-05583         |
| Franklin Templeton Moderate Model Portfolio                                                   | 811-21128         |
| Western Asset Total Return ETF                                                                | 811-23096         |
| Putnam VT George Putnam Balanced Fund                                                         | 811-05346         |
| Franklin Core Plus Bond Fund                                                                  | 811-06243         |
| Putnam VT Global Asset Allocation Fund                                                        | 811-05346         |
| Templeton Developing Markets VIP Fund                                                         | 811-05583         |
| Franklin Multi-Asset Moderate Growth Fund                                                     | 811-06444         |
| Franklin Mutual Quest Fund                                                                    | 811-05387         |
| Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund) | 811-22338         |
| Templeton Foreign Fund                                                                        | 811-02781         |
| Franklin Templeton SMACS:  Series CH                                                          | 811-06243         |
| Franklin Income VIP Fund                                                                      | 811-05583         |
| Franklin Strategic Income VIP Fund                                                            | 811-05583         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                                             | 811-22338         |
| Franklin New Jersey Tax-Free Income Fund                                                      | 811-04149         |
| Putnam ESG High Yield ETF                                                                     | 811-23643         |
| Putnam BioRevolution ETF                                                                      | 811-23643         |
| ClearBridge International Growth Fund                                                         | 811-22338         |
| BrandywineGLOBAL - Corporate Credit Fund                                                      | 811-06444         |
| Putnam BDC Income ETF                                                                         | 811-23643         |
| Putnam Massachusetts Tax Exempt Income Fund                                                   | 811-04518         |
| Franklin Federal Limited-Term Tax-Free Income Fund                                            | 811-04149         |
| Putnam VT International Value Fund                                                            | 811-05346         |
| Western Asset Bond ETF                                                                        | 811-23124         |
| Putnam Sustainable Future Fund                                                                | 811-07237         |
| Franklin LifeSmart 2020 Retirement Target Fund                                                | 811-07851         |
| Putnam VT International Equity Fund                                                           | 811-05346         |
| Western Asset Managed Municipals Fund                                                         | 811-04254         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                                        | 811-22338         |
| George Putnam Balanced Fund                                                                   | 811-00058         |
| Franklin California Intermediate-Term Tax-Free Income Fund                                    | 811-04356         |
| Western Asset SMASh Series Core Plus Completion                                               | 811-06740         |
| Franklin Mutual Small-Mid Cap Value Fund                                                      | 811-05878         |
| BrandywineGLOBAL - Global Opportuniites Bond Fund                                             | 811-22338         |
| Putnam Global Health Care Fund                                                                | 811-03386         |
| Franklin Federal Tax-Free Income Fund                                                         | 811-03395         |
| Putnam Ohio Tax Exempt Income Fund                                                            | 811-04528         |
| Franklin LifeSmart 2060 Retirement Target Fund                                                | 811-07851         |
| Putnam VT Sustainable Future Fund                                                             | 811-05346         |
| Putnam Sustainable Future ETF                                                                 | 811-23643         |
| ClearBridge Large Cap Value Fund                                                              | 811-06444         |
| Franklin Mutual International Value Fund                                                      | 811-05387         |
| Putnam Convertible Securities Fund                                                            | 811-02280         |
| Franklin Templeton SMACS:  Series I                                                           | 811-06243         |
| Templeton Global Balanced Fund                                                                | 811-08226         |
| Western Asset Intermediate Maturity California Municipals Fund                                | 811-04254         |
| Putnam VT Government Money Market Fund                                                        | 811-05346         |
| Western Asset Core Bond Fund                                                                  | 811-06110         |
| Putnam Dynamic Asset Allocation Equity Fund                                                   | 811-07513         |
| Putnam PanAgora ESG International Equity ETF                                                  | 811-23643         |
| Western Asset Short-Term Bond Fund                                                            | 811-04254         |
| Franklin Managed Income Fund                                                                  | 811-04986         |
| Franklin North Carolina Tax-Free Income Fund                                                  | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                                                     | 811-06444         |
| Franklin Multi-Asset Variable Growth Fund                                                     | 811-21128         |
| Franklin Templeton SMACS:  Series EM                                                          | 811-08226         |
| Putnam Diversified Income Trust                                                               | 811-05635         |
| Putnam Focused Equity Fund                                                                    | 811-07513         |
| Western Asset Long Credit VIT                                                                 | 811-06310         |
| Putnam VT Research Fund                                                                       | 811-05346         |
| Franklin U.S. Government Securities VIP Fund                                                  | 811-05583         |
| Putnam Multi-Asset Income Fund                                                                | 811-07121         |
| ClearBridge Variable Appreciation Portfolio                                                   | 811-21128         |
| Franklin High Yield Tax-Free Income Fund                                                      | 811-04149         |
| Franklin Multi-Asset Growth Fund                                                              | 811-06444         |
| Putnam VT Small Cap Growth Fund                                                               | 811-05346         |
| Franklin LifeSmart 2030 Retirement Target Fund                                                | 811-07851         |
| Putnam Money Market Fund                                                                      | 811-02608         |
| ClearBridge Small Cap Fund                                                                    | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund                                            | 811-21128         |
| Putnam VT Sustainable Leaders Fund                                                            | 811-05346         |
| Western Asset California Municipals Fund                                                      | 811-04254         |
| Putnam Short-Term Municipal Income Fund                                                       | 811-07513         |
| Western Asset Intermediate-Term Municipals Fund                                               | 811-04254         |
| Templeton Growth Fund, Inc.                                                                   | 811-04892         |
| Putnam International Value Fund                                                               | 811-07513         |
| ClearBridge Variable Small Cap Growth Portfolio                                               | 811-21128         |
| Putnam Focused Large Cap Growth ETF                                                           | 811-23643         |
| Western Asset Short Duration Municipal Income Fund                                            | 811-04254         |
| Franklin Global Real Estate VIP Fund                                                          | 811-05583         |
| Franklin Mutual U.S. Mid Cap Value Fund                                                       | 811-05878         |
| ClearBridge Sustainability Leaders Fund                                                       | 811-06444         |
| Franklin Connecticut Tax-Free Income Fund                                                     | 811-04149         |
| Franklin Virginia Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                                       | 811-04149         |
| ClearBridge Variable Mid Cap Portfolio                                                        | 811-21128         |
| Putnam New York Tax Exempt Income Fund                                                        | 811-03741         |
| ClearBridge Variable Large Cap Value Portfolio                                                | 811-21128         |
| Putnam Research Fund                                                                          | 811-07237         |
| Western Asset Intermediate Maturity New York Municipals Fund                                  | 811-04254         |
| Franklin Templeton Conservative Model Portfolio                                               | 811-21128         |
| Putnam Focused International Equity Fund                                                      | 811-01403         |
| Franklin S&P 500 Index Fund                                                                   | 811-06444         |
| Putnam ESG Core Bond ETF                                                                      | 811-23643         |
| Putnam Minnesota Tax Exempt Income Fund                                                       | 811-04527         |
| Putnam California Tax Exempt Income Fund                                                      | 811-03630         |
| Franklin Equity Income Fund                                                                   | 811-04986         |
| Franklin Small Cap Value Fund                                                                 | 811-05878         |
| Putnam Focused Large Cap Value ETF                                                            | 811-23643         |
| Franklin Templeton SMACS:  Series E                                                           | 811-06243         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund)                        | 811-07513         |
| Putnam VT Emerging Markets Equity Fund                                                        | 811-05346         |
| Western Asset SMASh Series TF Fund                                                            | 811-06740         |
| Putnam Ultra Short MAC Series                                                                 | 811-07513         |
| Franklin International Growth Fund                                                            | 811-10157         |
| Franklin Floating Rate Master Series                                                          | 811-09869         |
| Putnam Intermediate-Term Municipal Income Fund                                                | 811-07513         |
| Franklin LifeSmart 2035 Retirement Target Fund                                                | 811-07851         |
| Franklin California Tax-Free Income Fund                                                      | 811-02790         |
| Franklin Natural Resources Fund                                                               | 811-06243         |
| Franklin LifeSmart 2040 Retirement Target Fund                                                | 811-07851         |
| Western Asset Ultra-Short Income Fund                                                         | 811-04254         |
| Putnam Mortgage Securities Fund                                                               | 811-03897         |
| Templeton International Bond Fund                                                             | 811-04706         |
| Franklin LifeSmart 2055 Retirement Target Fund                                                | 811-07851         |
| Putnam Emerging Markets Equity Fund                                                           | 811-07513         |
| Franklin Ohio Tax-Free Income Fund                                                            | 811-04149         |
| Franklin International Equity Fund (fka QS International Equity Fund)                         | 811-22338         |
| Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)                   | 811-05346         |
| Putnam VT Diversified Income Fund                                                             | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Corefolio Allocation Fund                                                            | 811-07851         |
| ClearBridge Large Cap Growth Fund                                                             | 811-06444         |
| Franklin Income Fund                                                                          | 811-00537         |
| Franklin Global Equity Fund                                                                   | 811-06444         |
| Putnam Pennsylvania Tax Exempt Income Fund                                                    | 811-05802         |
| Putnam Tax Exempt Income Fund                                                                 | 811-02675         |
| Western Asset Core Plus VIT Portfolio                                                         | 811-06310         |
| Franklin Biotechnology Discovery Fund                                                         | 811-06243         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                                               | 811-23643         |
| ClearBridge Growth Fund                                                                       | 811-06444         |
| Western Asset High Yield Fund                                                                 | 811-06110         |
| Putnam Sustainable Leaders ETF                                                                | 811-23643         |
| Putnam Floating Rate Income Fund                                                              | 811-07513         |
| Putnam ESG Ultra Short ETF                                                                    | 811-23643         |
| Franklin New York Intermediate-Term Tax-Free Income Fund                                      | 811-04787         |
| Franklin Large Cap Growth VIP Fund                                                            | 811-05583         |
| Franklin High Income Fund                                                                     | 811-01608         |
| ClearBridge Mid Cap Growth Fund                                                               | 811-06444         |
| Franklin Floating Rate Daily Access Fund                                                      | 811-04986         |
| Franklin Small-Mid Cap Growth VIP Fund                                                        | 811-05583         |
| Franklin U.S. Large Cap Equity Fund                                                           | 811-06444         |
| Putnam Small Cap Value Fund                                                                   | 811-07237         |
| Franklin LifeSmart 2045 Retirement Target Fund                                                | 811-07851         |
| Putnam Strategic Intermediate Municipal Fund                                                  | 811-04345         |
| ClearBridge Select Fund                                                                       | 811-06444         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 3 - Putnam Multi-Asset Absolute Return Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Putnam Multi-Asset Absolute Return Fund

- **b. Series identification number, if any:** S000024276

- **c. LEI:** 54930063MZOBFIL7WY32

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 0

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 22d-1 (17 CFR 270.22d-1)

- Rule 17a-7 (17 CFR 270.17a-7)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 17a-6 (17 CFR 270.17a-6)

- Rule 12d1-1 (17 CFR 270.12d1-1)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Putnam Investment Management, LLC

- **ii. SEC file number:** 801-7974

- **iii. CRD number:** 000106629

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** MA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** The Putnam Advisory Company, LLC

- **ii. SEC file number:** 801-5097

- **iii. CRD number:** 000106631

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Sub-adviser Record: 2**

- **i. Full name:** Putnam Investments Limited

- **ii. SEC file number:** 801-61441

- **iii. CRD number:** 000122254

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. SEC file number:** 84-06331

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

No Pricing Services reported.

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

No Administrators reported.

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** Yes

- **Item C.19.a - Fund's monthly average net assets:** $0.00

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Putnam Funds Trust

**Date:** 2025-10-31

**Signature:** Monica Krogh

**Title:** Assistant Treasurer