# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0001752724-25-153738
**Filing Date:** 2025-6
**Character Count:** 67464
**Document Hash:** 5655be64c3dc40ae7ea0c799a906451b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153738.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153738

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20250731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07237
- **FILM NUMBER:** 251068702

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

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

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

## Series and Classes Contracts Data

### Putnam Research Fund (Series ID: S000003853)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010781 | Class A Shares  | PNRAX           |
| C000010783 | Class C Shares  | PRACX           |
| C000010785 | Class R Shares  | PRSRX           |
| C000010786 | Class Y Shares  | PURYX           |
| C000158892 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Putnam Research Fund

- **b. EDGAR series identifier (if any):** S000003853

- **c. LEI of Series:** 549300117TPVVMBVZ589

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

- **a. Date of fiscal year-end:** 2025-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $539532726.30

**Total Liabilities:** $1957753.15

**Net Assets:** $537574973.15

**Cash Not Reported:** $0.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010781 | -2.06%               | -6.56%               | -1.09%               |
| Class ID C000158892 | -2.04%               | -6.55%               | -1.06%               |
| Class ID C000010786 | -2.05%               | -6.56%               | -1.07%               |
| Class ID C000010783 | -2.12%               | -6.62%               | -1.16%               |
| Class ID C000010785 | -2.09%               | -6.59%               | -1.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3010029.13              | $-15622052.89                              |
| Month 2  | $3948527.46              | $-42389631.58                              |
| Month 3  | $10792699.34             | $-15860271.91                              |

**Designated Index Information**

- **Index Name:** SS&P 500 Daily Index

- **Index Identifier:** BM0129

### Schedule of Portfolio Investments

| Name                                     | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                         | CBRE Group, Inc., Class A                  | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      7185 | NS      | $877863.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                             | Oracle Corp.                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     49096 | NS      | $6908789.12   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Southwest Airlines Co.                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    861160 | NC      | $14933.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackRock, Inc.                          | BlackRock, Inc.                            | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      3330 | NS      | $3044485.80   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                        | Exxon Mobil Corp.                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     90263 | NS      | $9534480.69   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                           | Alphabet, Inc., Class A                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    111810 | NS      | $17755428.00  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                            | Walmart, Inc.                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     82550 | NS      | $8027987.50   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                          | CME Group, Inc.                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      7355 | NS      | $2037923.40   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH plc                                  | CRH plc                                    | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |     28505 | NS      | $2719947.10   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-46520.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-90614.47    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-42112.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                             | NVIDIA Corp.                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    275167 | NS      | $29971189.64  | 5.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                               | PG&E Corp.                                 | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     89192 | NS      | $1473451.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                         | Amazon.com, Inc.                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    137417 | NS      | $25342443.14  | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3861.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp.                   | Northrop Grumman Corp.                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      3753 | NS      | $1825834.50   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings, Inc.       | BJ's Wholesale Club Holdings, Inc.         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      2764 | NS      | $324935.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                          | Eli Lilly & Co.                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     11564 | NS      | $10395457.80  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                            | Danaher Corp.                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      7375 | NS      | $1470058.75   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp.                            | Stryker Corp.                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      1319 | NS      | $493200.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace, Inc.                   | Howmet Aerospace, Inc.                     | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     21640 | NS      | $2998871.20   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                  | Boston Scientific Corp.                    | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     27842 | NS      | $2864106.54   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-132108.49   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2945.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Apple, Inc.                              | Apple, Inc.                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    136826 | NS      | $29075525.00  | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON plc                                 | ICON plc                                   | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |      2857 | NS      | $432664.08    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                     | NextEra Energy, Inc.                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     36362 | NS      | $2431890.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-50117.91    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Airlines Co.                   | Southwest Airlines Co.                     | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     44640 | NS      | $1248134.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                         | Boeing Co. (The)                           | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      5944 | NS      | $1089178.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5452.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2028.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-63507.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Spotify Technology SA                    | Spotify Technology SA                      | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |      3644 | NS      | $2237343.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                     | Allstate Corp. (The)                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     26645 | NS      | $5286101.55   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                        | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     19104 | NS      | $2986146.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                        | Merck & Co., Inc.                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     24087 | NS      | $2052212.40   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                         | Mastercard, Inc., Class A                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     22662 | NS      | $12420135.72  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                               | AT&T, Inc.                                 | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    143933 | NS      | $3986944.10   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $24137.49     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-50047.95    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-17997.06    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla, Inc.                              | Tesla, Inc.                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     35489 | NS      | $10013576.24  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2149.61     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Lululemon Athletica, Inc.                | Lululemon Athletica, Inc.                  | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      3950 | NS      | $1069541.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                    | Assured Guaranty Ltd.                      | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |      6957 | NS      | $610337.61    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co.                   | Becton Dickinson & Co.                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      7718 | NS      | $1598320.62   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5015.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology, Inc.                 | Marvell Technology, Inc.                   | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124510 | NS      | $7267648.70   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-65006.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| KKR & Co., Inc.                          | KKR & Co., Inc.                            | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     18411 | NS      | $2103824.97   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential plc                           | Prudential plc                             | CUSIP: N/A<br>LEI: 5493001Z3ZE83NGK8Y12       | Long             | EC               | CORP              | GB        |     60966 | NS      | $648238.01    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Progressive Corp. (The)                  | Progressive Corp. (The)                    | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     10902 | NS      | $3071529.48   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore plc                             | Glencore plc                               | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |    504435 | NS      | $1653909.18   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                   | Home Depot, Inc. (The)                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     11185 | NS      | $4032080.65   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| AXA SA                                   | AXA SA                                     | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |     23895 | NS      | $1130135.57   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                 | U.S. Treasury Bond                         | CUSIP: 91282CAM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    123000 | PA      | $121010.84    | 0.02%             | 2025-09-30      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.               | Corebridge Financial, Inc.                 | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |     29881 | NS      | $885374.03    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies plc                   | Trane Technologies plc                     | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      5984 | NS      | $2293727.04   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-21856.34    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The) | PNC Financial Services Group, Inc. (The)   | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      6079 | NS      | $976834.51    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.             | Chipotle Mexican Grill, Inc., Class A      | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26157 | NS      | $1321451.64   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.               | Bio-Rad Laboratories, Inc., Class A        | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      4596 | NS      | $1121791.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                       | Southern Co. (The)                         | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     12819 | NS      | $1177937.91   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                          | Citigroup, Inc.                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     64267 | NS      | $4394577.46   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BP plc                                   | BP plc                                     | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |    274134 | NS      | $1265784.29   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $128141.65    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Cenovus Energy, Inc.                     | Cenovus Energy, Inc.                       | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    192959 | NS      | $2271670.22   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva, Inc.                            | Corteva, Inc.                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     69427 | NS      | $4303779.73   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co. (The)                         | Clorox Co. (The)                           | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |      6633 | NS      | $943875.90    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq, Inc.                             | Nasdaq, Inc.                               | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |      6436 | NS      | $490487.56    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Seagate Technology ULC                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        | -27904635 | NC      | $-233527.41   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Levi Strauss & Co.                       | Levi Strauss & Co., Class A                | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     51527 | NS      | $824947.27    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                     | Otis Worldwide Corp.                       | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     38255 | NS      | $3682808.85   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp.                            | Fortive Corp.                              | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     40142 | NS      | $2797495.98   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.          | Live Nation Entertainment, Inc.            | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     29268 | NS      | $3876546.60   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                           | Broadcom, Inc.                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     59066 | NS      | $11368433.02  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                           | McKesson Corp.                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      6299 | NS      | $4489864.21   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                 | Roper Technologies, Inc.                   | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      3498 | NS      | $1959159.84   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4408.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-47924.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                      | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     15664 | NS      | $2048068.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co.                  | International Paper Co.                    | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |     12267 | NS      | $560356.56    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                     | Meta Platforms, Inc., Class A              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     29662 | NS      | $16284438.00  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                            | Medtronic plc                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     23201 | NS      | $1966516.76   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-45207.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.              | Capital One Financial Corp.                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     32628 | NS      | $5881523.28   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                   | Costco Wholesale Corp.                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      3525 | NS      | $3505612.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.        | Philip Morris International, Inc.          | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     21635 | NS      | $3707373.60   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                 | Willis Towers Watson plc                   | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |      3431 | NS      | $1056061.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Seagate Technology ULC                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |  25837625 | NC      | $412287.22    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-367.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                      | Ascendis Pharma A/S                        | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     10408 | NS      | $1773939.52   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                  | Arch Capital Group Ltd.                    | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |     21087 | NS      | $1912169.16   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-135.21      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Antero Resources Corp.                   | Antero Resources Corp.                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     27514 | NS      | $958312.62    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                            | Netflix, Inc.                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3413 | NS      | $3862560.36   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp.                                | PPL Corp.                                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     99094 | NS      | $3616931.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-23388.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1243.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                      | Cisco Systems, Inc.                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    130955 | NS      | $7560032.15   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                          | Starbucks Corp.                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     15266 | NS      | $1222043.30   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-58849.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                            | PepsiCo, Inc.                              | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      8745 | NS      | $1185647.10   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                     | JPMorgan Chase & Co.                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     15652 | NS      | $3828792.24   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                 | Berkshire Hathaway, Inc., Class B          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     14329 | NS      | $7640939.25   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                     | PPG Industries, Inc.                       | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     13147 | NS      | $1431182.42   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                        | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    200000 | PA      | $196509.68    | 0.04%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3423.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Global Management, Inc.           | Apollo Global Management, Inc.             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     14405 | NS      | $1965994.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.               | Constellation Energy Corp.                 | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      3476 | NS      | $776677.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp.                               | Ball Corp.                                 | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |     10872 | NS      | $564691.68    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.             | Vertex Pharmaceuticals, Inc.               | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      3359 | NS      | $1711410.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                        | Lowe's Cos., Inc.                          | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     13060 | NS      | $2919693.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                     | Analog Devices, Inc.                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     31861 | NS      | $6210346.12   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                        | CUSIP: 912797PJ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    200000 | PA      | $199553.50    | 0.04%             | 2025-05-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TPG, Inc.                                | TPG, Inc., Class A                         | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     32310 | NS      | $1500799.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group (The)                        | Cigna Group (The)                          | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2273 | NS      | $772910.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc          | Seagate Technology Holdings plc            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |    105220 | NS      | $9578176.60   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-60368.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Target Corp.                             | Target Corp.                               | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     11801 | NS      | $1141156.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1394.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ConocoPhillips                           | ConocoPhillips                             | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     20314 | NS      | $1810383.68   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)               | Charles Schwab Corp. (The)                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     35402 | NS      | $2881722.80   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell plc                                | Shell plc                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     93199 | NS      | $3007694.20   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6826.26      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand, Inc.                     | Ingersoll Rand, Inc.                       | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     20285 | NS      | $1530097.55   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp.                             | Ameren Corp.                               | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |     13558 | NS      | $1345495.92   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                      | Coca-Cola Co. (The)                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     86840 | NS      | $6300242.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours, Inc.                  | DuPont de Nemours, Inc.                    | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     24400 | NS      | $1610156.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-305.73      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TJX Cos., Inc. (The)                     | TJX Cos., Inc. (The)                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     19518 | NS      | $2511576.24   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower, Inc.                          | Welltower, Inc.                            | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     17304 | NS      | $2640417.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp.                           | AppLovin Corp., Class A                    | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      2942 | NS      | $792310.02    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental, Inc.                  | GFL Environmental, Inc.                    | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     15619 | NS      | $779388.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)               | Procter & Gamble Co. (The)                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     30333 | NS      | $4931235.81   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                       | Putnam Short Term Investment Fund, Class P | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   3031287 | NS      | $3031287.02   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-69239.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MetLife, Inc.                            | MetLife, Inc.                              | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     17393 | NS      | $1310910.41   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                    | Walt Disney Co. (The)                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     34926 | NS      | $3176519.70   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                 | U.S. Treasury Bills                        | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    100000 | PA      | $99836.28     | 0.02%             | 2025-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                              | Amgen, Inc.                                | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      2557 | NS      | $743882.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                          | Microsoft Corp.                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     87982 | NS      | $34775765.32  | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                    | Bank of America Corp.                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     92598 | NS      | $3692808.24   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                           | Prologis, Inc.                             | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     20083 | NS      | $2052482.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                               | NIKE, Inc., Class B                        | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      5766 | NS      | $325202.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1043.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Waste Connections, Inc.                  | Waste Connections, Inc.                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      5803 | NS      | $1146846.89   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd.                           | AIA Group Ltd.                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    128400 | NS      | $962090.45    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Honeywell International, Inc.            | Honeywell International, Inc.              | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     19779 | NS      | $4163479.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                | RTX Corp.                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     17439 | NS      | $2199581.07   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare, Inc.                     | HCA Healthcare, Inc.                       | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1852 | NS      | $639088.16    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                               | Unum Group                                 | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     16549 | NS      | $1285195.34   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                 | Intuitive Surgical, Inc.                   | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      4905 | NS      | $2529999.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.             | Mondelez International, Inc., Class A      | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     36483 | NS      | $2485586.79   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                             | AbbVie, Inc.                               | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     22732 | NS      | $4435013.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                      | Union Pacific Corp.                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     11096 | NS      | $2392963.36   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva, Inc.                           | Innoviva, Inc.                             | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     63237 | NS      | $1181899.53   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.          | Regeneron Pharmaceuticals, Inc.            | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      1236 | NS      | $740067.36    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4091.03      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Rentals, Inc.                     | United Rentals, Inc.                       | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      2895 | NS      | $1828047.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $30866.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON plc                                 | ICON plc                                   | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |       253 | NS      | $38314.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart, Inc.                             | Copart, Inc.                               | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     13526 | NS      | $825491.78    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.       | American International Group, Inc.         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     29443 | NS      | $2400193.36   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                 | UnitedHealth Group, Inc.                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     16104 | NS      | $6625829.76   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                       | General Motors Co.                         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     23309 | NS      | $1054499.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.           | Thermo Fisher Scientific, Inc.             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     10174 | NS      | $4364646.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                              | FedEx Corp.                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     16529 | NS      | $3476544.57   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive, Inc.                | O'Reilly Automotive, Inc.                  | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       224 | NS      | $317004.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                               | Visa, Inc., Class A                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     15068 | NS      | $5205994.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                         | McDonald's Corp.                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      7287 | NS      | $2329289.55   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2256.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| On Holding AG                            | On Holding AG, Class A                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     17781 | NS      | $855443.91    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.             | Charter Communications, Inc., Class A      | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       967 | NS      | $378928.62    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                         | CVS Health Corp.                           | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     26247 | NS      | $1750937.37   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-6600.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUALCOMM, Inc.                           | QUALCOMM, Inc.                             | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     16364 | NS      | $2429399.44   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                         | NRG Energy, Inc.                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     42054 | NS      | $4608277.32   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                              | Toast, Inc., Class A                       | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     29410 | NS      | $1046407.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp.                     | American Tower Corp.                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     27793 | NS      | $6264820.13   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                  | Agnico Eagle Mines Ltd.                    | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      9434 | NS      | $1108799.52   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                            | Cencora, Inc.                              | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2397 | NS      | $701529.99    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy, Inc.                 | CenterPoint Energy, Inc.                   | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     29222 | NS      | $1133229.16   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co.                     | Eastman Chemical Co.                       | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      9271 | NS      | $713867.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                         | Salesforce, Inc.                           | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     30787 | NS      | $8272774.77   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton, Inc.                          | DR Horton, Inc.                            | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     11224 | NS      | $1418040.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5931.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.        | Canadian Pacific Kansas City Ltd.          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     17592 | NS      | $1274892.24   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                             | Cintas Corp.                               | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5506 | NS      | $1165510.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                | Linde plc                                  | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |      1425 | NS      | $645852.75    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer