# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0002071691-25-003370
**Filing Date:** 2025-10
**Character Count:** 42700
**Document Hash:** 621f3f3061455a516cdab684e49b0695
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003370.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003370

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**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:** 251418363

**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 Small Cap Value Fund (Series ID: S000003854)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010787 | Class A Shares | PSLAX           |
| C000010789 | Class C Shares | PSLCX           |
| C000010791 | Class Y Shares | PYSVX           |
| C000049250 | CLASS R        |  |
| C000135941 | Class R6       |  |

## 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 Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000003854

- **c. LEI of Series:** EYW12E59V2I5PAIL1O80

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $296419195.86

**Total Liabilities:** $21644924.41

**Net Assets:** $274774271.45

**Cash Not Reported:** $16324.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010791 | 3.65%                | -0.91%               | 9.18%                |
| Class ID C000049250 | 3.58%                | -0.95%               | 9.10%                |
| Class ID C000010789 | 3.62%                | -0.97%               | 9.01%                |
| Class ID C000135941 | 3.63%                | -0.91%               | 9.20%                |
| Class ID C000010787 | 3.59%                | -0.92%               | 9.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4353355.78              | $4050184.30                                |
| Month 2  | $5679634.40              | $-7877631.55                               |
| Month 3  | $-1260856.20             | $24139310.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Third Coast Bancshares, Inc.             | Third Coast Bancshares, Inc.               | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57700 | NS      | $2298191.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Holley, Inc.                             | Holley, Inc.                               | CUSIP: 43538H103<br>LEI: 254900EEM9JI9G1A4D88 | Long             | EC               | CORP              | US        |    899600 | NS      | $3661372.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics, Inc.                   | Douglas Dynamics, Inc.                     | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     85800 | NS      | $2888886.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd.                       | Helen of Troy Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     92000 | NS      | $2258600.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group, Inc.         | MidWestOne Financial Group, Inc.           | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65128 | NS      | $1969470.72   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.               | Resideo Technologies, Inc.                 | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     92324 | NS      | $3143632.20   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks, Inc.                     | Aviat Networks, Inc.                       | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    123149 | NS      | $2827501.04   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                  | Permian Resources Corp., Class A           | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    183937 | NS      | $2628459.73   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical, Inc.            | BioMarin Pharmaceutical, Inc.              | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     18800 | NS      | $1095476.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                   | Integer Holdings Corp.                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     19500 | NS      | $2103465.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral, Inc.                        | RingCentral, Inc., Class A                 | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     80800 | NS      | $2465208.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals, Inc.                    | Hudbay Minerals, Inc.                      | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    263461 | NS      | $3161532.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp, Inc. (The)                      | Bancorp, Inc. (The)                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     39800 | NS      | $3034352.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health, Inc.                 | Option Care Health, Inc.                   | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     63450 | NS      | $1819746.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                             | RadNet, Inc.                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     40685 | NS      | $2919555.60   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.            | Standard Motor Products, Inc.              | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     92300 | NS      | $3582163.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                 | Bank OZK                                   | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     52600 | NS      | $2759922.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Avidia Bancorp, Inc.                     | Avidia Bancorp, Inc.                       | CUSIP: 05369T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55440 | NS      | $857656.80    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.             | Vishay Intertechnology, Inc.               | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    171900 | NS      | $2657574.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital, Inc.                      | Dynex Capital, Inc.                        | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |    176900 | NS      | $2232478.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Fluor Corp.                              | Fluor Corp.                                | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     40200 | NS      | $1649004.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp, Inc.                   | Mid Penn Bancorp, Inc.                     | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74300 | NS      | $2239402.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.               | Taylor Morrison Home Corp., Class A        | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     52550 | NS      | $3540293.50   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                    | Walker & Dunlop, Inc.                      | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38661 | NS      | $3288118.05   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd.                       | Steven Madden Ltd.                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     83500 | NS      | $2424840.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares, Inc.          | Business First Bancshares, Inc.            | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |    116600 | NS      | $2916166.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                  | Aramark                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     54350 | NS      | $2125628.50   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent, Inc.    | Concentra Group Holdings Parent, Inc.      | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90000 | NS      | $2142000.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International, Inc.                  | ICF International, Inc.                    | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     18000 | NS      | $1767960.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Cash Collateral Pool LLC          | Putnam Cash Collateral Pool LLC            | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        |   6324516 | NS      | $6324516.00   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Griffon Corp.                            | Griffon Corp.                              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     32600 | NS      | $2482816.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                          | Blue Bird Corp.                            | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     55100 | NS      | $3217289.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp.                              | Terex Corp.                                | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     58900 | NS      | $2941466.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings plc                      | Tronox Holdings plc                        | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | GB        |    444100 | NS      | $1900748.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                            | Popular, Inc.                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     25200 | NS      | $3166128.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics, Inc.                 | Janux Therapeutics, Inc.                   | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31642 | NS      | $718906.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy, Inc.                           | La-Z-Boy, Inc.                             | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     58200 | NS      | $2151654.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corp.        | Algonquin Power & Utilities Corp.          | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    499600 | NS      | $2897680.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                      | Rithm Capital Corp.                        | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    249250 | NS      | $3085715.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical, Inc.          | Ultragenyx Pharmaceutical, Inc.            | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     55300 | NS      | $1656788.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                              | H2O America                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52100 | NS      | $2624277.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp.                           | Huntsman Corp.                             | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    155300 | NS      | $1733148.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis, Inc.                            | Codexis, Inc.                              | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    515400 | NS      | $1407042.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                      | UMB Financial Corp.                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     27200 | NS      | $3315680.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Horace Mann Educators Corp.              | Horace Mann Educators Corp.                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     54031 | NS      | $2484345.38   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group, Inc.  | Skyward Specialty Insurance Group, Inc.    | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     28681 | NS      | $1385292.30   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp, Inc.                        | NBT Bancorp, Inc.                          | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43600 | NS      | $1930172.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                             | Mattel, Inc.                               | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    132900 | NS      | $2432070.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                  | Coastal Financial Corp.                    | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     26102 | NS      | $2988679.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                     | Axos Financial, Inc.                       | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     40550 | NS      | $3698565.50   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Arq, Inc.                                | Arq, Inc.                                  | CUSIP: 00770C101<br>LEI: 52990086HRJSW2EZQH40 | Long             | EC               | CORP              | US        |    271400 | NS      | $2095208.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| DocGo, Inc.                              | DocGo, Inc.                                | CUSIP: 256086109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    356800 | NS      | $556608.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| McGraw Hill, Inc.                        | McGraw Hill, Inc.                          | CUSIP: 580907103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129328 | NS      | $1877842.56   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Titan America SA                         | Titan America SA                           | CUSIP: N/A<br>LEI: 9845007APCB6462D6C46       | Long             | EC               | CORP              | BE        |    146892 | NS      | $2278294.92   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Magnolia Oil & Gas Corp.                 | Magnolia Oil & Gas Corp., Class A          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68925 | NS      | $1714854.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| MasterCraft Boat Holdings, Inc.          | MasterCraft Boat Holdings, Inc.            | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |    111524 | NS      | $2446836.56   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                         | Concentrix Corp.                           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     40700 | NS      | $2147332.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| ConnectOne Bancorp, Inc.                 | ConnectOne Bancorp, Inc.                   | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |    127324 | NS      | $3259494.40   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd.                      | Ichor Holdings Ltd.                        | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | KY        |    125489 | NS      | $2114489.65   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest, Inc.                            | SkyWest, Inc.                              | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     26300 | NS      | $3192820.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp.                     | Ladder Capital Corp., Class A              | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    254053 | NS      | $2952095.86   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaAlpha, Inc.                         | MediaAlpha, Inc., Class A                  | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107500 | NS      | $1136275.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                         | SouthState Corp.                           | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     24900 | NS      | $2541294.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp.                             | Unitil Corp.                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30300 | NS      | $1422888.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp.                   | Antero Resources Corp.                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     44200 | NS      | $1410864.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                   | Extreme Networks, Inc.                     | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    128000 | NS      | $2736640.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Income Property Trust, Inc.       | Alpine Income Property Trust, Inc.         | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142328 | NS      | $2173348.56   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                   | Cavco Industries, Inc.                     | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4500 | NS      | $2387205.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co. plc                          | Perrigo Co. plc                            | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | IE        |    123500 | NS      | $2931890.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp                        | Five Star Bancorp                          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     93697 | NS      | $3070450.69   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries, Inc.                 | Insteel Industries, Inc.                   | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     71900 | NS      | $2759522.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group, Inc.                      | Newmark Group, Inc., Class A               | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133900 | NS      | $2438319.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group, Inc.           | Covenant Logistics Group, Inc., Class A    | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100300 | NS      | $2420239.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Onity Group, Inc.                        | Onity Group, Inc.                          | CUSIP: 675746606<br>LEI: 549300DDD1YQ8EIAT278 | Long             | EC               | CORP              | US        |     19600 | NS      | $810852.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp, Inc.                   | Northrim BanCorp, Inc.                     | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     30500 | NS      | $2867915.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings, Inc.              | Sally Beauty Holdings, Inc.                | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    228300 | NS      | $3164238.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.               | Encore Capital Group, Inc.                 | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     58300 | NS      | $2439272.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                     | UMH Properties, Inc.                       | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |    123700 | NS      | $1940853.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands, Inc.               | Turning Point Brands, Inc.                 | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     25555 | NS      | $2542722.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp, Inc.                     | Origin Bancorp, Inc.                       | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     68000 | NS      | $2644520.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                          | M/I Homes, Inc.                            | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      9700 | NS      | $1428422.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidbank Holdings, Inc.                  | Avidbank Holdings, Inc.                    | CUSIP: 05368J103<br>LEI: 54930029UJ8M0B84EE44 | Long             | EC               | CORP              | US        |     91148 | NS      | $2287814.80   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd.                       | IBEX Holdings Ltd.                         | CUSIP: N/A<br>LEI: 5493000GRFLPVYU2CX17       | Long             | EC               | CORP              | BM        |     94019 | NS      | $2776381.07   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                       | Putnam Short Term Investment Fund, Class P | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |    800489 | NS      | $800489.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Abacus Global Management, Inc.           | Abacus Global Management, Inc.             | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    405800 | NS      | $2901470.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                              | OFG Bancorp                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     67400 | NS      | $3016150.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. plc               | Gates Industrial Corp. plc                 | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    116182 | NS      | $2969611.92   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Quipt Home Medical Corp.                 | Quipt Home Medical Corp.                   | CUSIP: 74880P104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    581500 | NS      | $1529345.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass, Inc.                          | O-I Glass, Inc.                            | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162400 | NS      | $2109576.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Proficient Auto Logistics, Inc.          | Proficient Auto Logistics, Inc.            | CUSIP: 74317M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    370708 | NS      | $2928593.20   | 1.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Jefferson Capital, Inc.                  | Jefferson Capital, Inc.                    | CUSIP: 47248R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134778 | NS      | $2535174.18   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International, Inc. | Major Drilling Group International, Inc.   | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    332700 | NS      | $2345022.03   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp.                    | AGNC Investment Corp.                      | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    120150 | NS      | $1172664.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Healthcare Realty Trust, Inc.            | Healthcare Realty Trust, Inc., Class A     | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    111300 | NS      | $1934394.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Perdoceo Education Corp.                 | Perdoceo Education Corp.                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |    103600 | NS      | $3391864.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.               | Broadstone Net Lease, Inc.                 | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    134800 | NS      | $2505932.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Pitney Bowes, Inc.                       | Pitney Bowes, Inc.                         | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    303700 | NS      | $3680844.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: —       |
| American Healthcare REIT, Inc.           | American Healthcare REIT, Inc.             | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     51800 | NS      | $2216522.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse, Inc. (The)             | Chefs' Warehouse, Inc. (The)               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     34200 | NS      | $2159388.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.            | Portland General Electric Co.              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     45500 | NS      | $1946490.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt, Inc.                    | Leggett & Platt, Inc.                      | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    290800 | NS      | $2794588.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ, Inc.                                | AZZ, Inc.                                  | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     22100 | NS      | $2494869.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                    | Silgan Holdings, Inc.                      | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     35100 | NS      | $1646892.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Tutor Perini Corp.                       | Tutor Perini Corp.                         | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     28500 | NS      | $1679790.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications, Inc.              | Ribbon Communications, Inc.                | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    559082 | NS      | $2281054.56   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources, Inc.             | Core Natural Resources, Inc.               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     36300 | NS      | $2695638.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifi, Inc.                              | Unifi, Inc.                                | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |    185709 | NS      | $820833.78    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill, Inc.                             | J Jill, Inc.                               | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    125465 | NS      | $2102793.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Valley National Bancorp                  | Valley National Bancorp                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    267900 | NS      | $2802234.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Camping World Holdings, Inc.             | Camping World Holdings, Inc., Class A      | CUSIP: 13462K109<br>LEI: 549300E828QQI7MWI432 | Long             | EC               | CORP              | US        |    184825 | NS      | $3236285.75   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.             | Brixmor Property Group, Inc.               | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     89100 | NS      | $2493909.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp.          | Metropolitan Bank Holding Corp.            | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42914 | NS      | $3406942.46   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                | V2X, Inc.                                  | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42758 | NS      | $2458585.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| American Integrity Insurance Group, Inc. | American Integrity Insurance Group, Inc.   | CUSIP: 026948109<br>LEI: 529900Y2VOV2LYV4OK68 | Long             | EC               | CORP              | US        |    108544 | NS      | $2169794.56   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| MiMedx Group, Inc.                       | MiMedx Group, Inc.                         | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    391788 | NS      | $2781694.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte, Inc.                           | Veracyte, Inc.                             | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     98340 | NS      | $2983635.60   | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer