# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0002071691-26-009433
**Filing Date:** 2026-5
**Character Count:** 62288
**Document Hash:** 249cbece0fa191ebe54f00bef4a39c32
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-009433.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0002071691-26-009433

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 26962132

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

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

## Series and Classes Contracts Data

### Putnam Floating Rate Income Fund (Series ID: S000000773)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000002279 | Class C shares  |  |
| C000002281 | Class R shares  |  |
| C000002282 | Class Y shares  |  |
| C000002283 | Class A shares  | PFLRX           |
| C000203062 | Class R6 Shares |  |

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Putnam Funds Trust and Shareholders
of Putnam Floating Rate Income Fund:

In planning and performing our audit of the financial statements of
Putnam Floating Rate Income Fund (one of the funds constituting Putnam
Funds Trust, referred to hereafter as the "Fund") as of and for the year
ended February 28, 2026, in accordance with the standards of the Public
Company Accounting Oversight Board (United States) (PCAOB), we considered
the Fund's internal control over financial reporting, including controls
over safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-CEN, but not for
the purpose of expressing an opinion on the effectiveness of the Fund's
internal control over financial reporting. Accordingly, we do not express
an opinion on the effectiveness of the Fund's internal control over
financial reporting.

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

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

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

Our consideration of the Fund's internal control over financial reporting
was for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by
the PCAOB. However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be material weaknesses as
defined above as of February 28, 2026.

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

/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
April 17, 2026

```

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

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

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

**Series ID Record:1**
- **Series ID:** S000000773

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

**Item A.1.a - Report for period ending:** 2026-02-28

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

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

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

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

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

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

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

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

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

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

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

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

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

**Location books Record: 1**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 2**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 3**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 4**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 5**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 6**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 7**

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

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

- **Street 2:** 78 Cannon Street

- **c. City:** London

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

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

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

**Location books Record: 8**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 9**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 10**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 11**

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

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

- **c. City:** New York

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

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

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

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

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

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

### Item B.8 - Directors

| Name                     | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|:---|:---|:---|
| Jane E. Trust            | Yes                     | 811-02608, 811-04528, 811-07920, 811-23408, 811-04524, 811-22546, 811-06444, 811-21343, 811-22444, 811-07121, 811-05977, 811-06506, 811-05497, 811-05740, 811-10603, 811-02742, 811-21477, 811-08709, 811-06740, 811-21598, 811-04345, 811-05498, 811-07237, 811-03386, 811-21128, 811-04527, 811-07626, 811-06128, 811-22334, 811-06629, 811-04254, 811-02280, 811-01403, 811-23598, 811-22405, 811-05452, 811-02675, 811-22491, 811-22294, 811-22338, 811-05802, 811-03897, 811-23643, 811-06310, 811-05346, 811-10407, 811-06110, 811-21403, 811-00058, 811-04616, 811-05635, 811-22369, 811-00653, 811-06190, 811-04518, 811-21467, 811-02351, 811-21337, 811-03630, 811-03741, 811-04052 |
| Jennifer Williams Murphy | No                      | 811-04345, 811-00058, 811-04528, 811-03741, 811-05452, 811-05635, 811-02742, 811-03630, 811-00653, 811-07121, 811-04527, 811-06190, 811-01403, 811-07237, 811-04518, 811-03897, 811-02675, 811-21598, 811-23643, 811-07626, 811-04616, 811-05802, 811-05498, 811-04524, 811-03386, 811-02280, 811-06128, 811-02608, 811-05346, 811-05740, 811-05977                                                                                                                                                                                                                                                                                                                                           |
| Katinka Domotorffy       | No                      | 811-23643, 811-03386, 811-05802, 811-03630, 811-03741, 811-02608, 811-00653, 811-21598, 811-06190, 811-06128, 811-07626, 811-04527, 811-04528, 811-02742, 811-05452, 811-01403, 811-05635, 811-02675, 811-05977, 811-05740, 811-07121, 811-03897, 811-04518, 811-00058, 811-05498, 811-04524, 811-04616, 811-04345, 811-02280, 811-07237, 811-05346                                                                                                                                                                                                                                                                                                                                           |
| Catharine Bond Hill      | No                      | 811-06128, 811-03741, 811-05635, 811-04518, 811-05740, 811-05346, 811-05802, 811-03386, 811-05452, 811-03897, 811-02675, 811-03630, 811-00653, 811-04528, 811-05977, 811-02742, 811-00058, 811-04527, 811-04345, 811-23643, 811-01403, 811-07237, 811-07121, 811-06190, 811-21598, 811-04616, 811-05498, 811-02608, 811-07626, 811-04524, 811-02280                                                                                                                                                                                                                                                                                                                                           |
| Liaquat Ahamed           | No                      | 811-03630, 811-04527, 811-07626, 811-21598, 811-05346, 811-02675, 811-00058, 811-07121, 811-04528, 811-02742, 811-05740, 811-07237, 811-04518, 811-06128, 811-02280, 811-01403, 811-05635, 811-02608, 811-03386, 811-05802, 811-05498, 811-03741, 811-23643, 811-04345, 811-04616, 811-00653, 811-06190, 811-05977, 811-03897, 811-05452, 811-04524                                                                                                                                                                                                                                                                                                                                           |
| Gregory G. McGreevey     | No                      | 811-04528, 811-04345, 811-05977, 811-04518, 811-05635, 811-07626, 811-04524, 811-03897, 811-21598, 811-04527, 811-05498, 811-06128, 811-02280, 811-05802, 811-05452, 811-06190, 811-23643, 811-05346, 811-07237, 811-05740, 811-00653, 811-03386, 811-07121, 811-02742, 811-04616, 811-02675, 811-01403, 811-00058, 811-02608, 811-03630, 811-03741                                                                                                                                                                                                                                                                                                                                           |
| Manoj P. Singh           | No                      | 811-06190, 811-02280, 811-04518, 811-00058, 811-02742, 811-05740, 811-04527, 811-00653, 811-04528, 811-02608, 811-07626, 811-03741, 811-03630, 811-05452, 811-04616, 811-21598, 811-03386, 811-05802, 811-05977, 811-07121, 811-04345, 811-01403, 811-05498, 811-05346, 811-23643, 811-02675, 811-04524, 811-06128, 811-05635, 811-03897, 811-07237                                                                                                                                                                                                                                                                                                                                           |
| George Putnam III        | No                      | 811-06128, 811-03741, 811-04616, 811-23643, 811-05346, 811-06190, 811-21598, 811-01403, 811-04528, 811-03897, 811-04527, 811-02675, 811-05452, 811-03386, 811-07237, 811-04524, 811-05740, 811-04345, 811-05977, 811-05635, 811-05802, 811-02742, 811-04518, 811-00058, 811-02608, 811-07121, 811-07626, 811-02280, 811-00653, 811-05498, 811-03630                                                                                                                                                                                                                                                                                                                                           |
| Mona K. Sutphen          | No                      | 811-05740, 811-04518, 811-03897, 811-23643, 811-04345, 811-04527, 811-05635, 811-02608, 811-00058, 811-03386, 811-04524, 811-03741, 811-00653, 811-06128, 811-05452, 811-04616, 811-05977, 811-07121, 811-05346, 811-02675, 811-07237, 811-03630, 811-04528, 811-01403, 811-21598, 811-02742, 811-05498, 811-02280, 811-06190, 811-07626, 811-05802                                                                                                                                                                                                                                                                                                                                           |
| Robert L. Reynolds       | Yes                     | 811-05635, 811-07626, 811-03630, 811-00058, 811-02675, 811-05977, 811-02280, 811-06128, 811-03897, 811-23643, 811-07237, 811-05346, 811-07121, 811-01403, 811-06190, 811-02608, 811-21598, 811-00653, 811-04528, 811-04345, 811-04518, 811-04527, 811-05802, 811-03741, 811-02742, 811-05498, 811-04524, 811-05452, 811-04616, 811-03386, 811-05740                                                                                                                                                                                                                                                                                                                                           |
| Marie Pillai             | No                      | 811-05740, 811-04345, 811-02675, 811-03386, 811-03897, 811-05635, 811-05498, 811-00058, 811-04616, 811-02742, 811-04527, 811-23643, 811-04524, 811-02280, 811-07121, 811-07626, 811-01403, 811-03741, 811-06190, 811-04518, 811-00653, 811-03630, 811-05802, 811-07237, 811-05977, 811-04528, 811-02608, 811-06128, 811-05452, 811-05346, 811-21598                                                                                                                                                                                                                                                                                                                                           |
| Barbara M. Baumann       | No                      | 811-04524, 811-06128, 811-01403, 811-03741, 811-21598, 811-04616, 811-05802, 811-05740, 811-05635, 811-02280, 811-23643, 811-07237, 811-00058, 811-03386, 811-07626, 811-04345, 811-04518, 811-04527, 811-02742, 811-03630, 811-05346, 811-05977, 811-00653, 811-02675, 811-07121, 811-06190, 811-03897, 811-02608, 811-05452, 811-05498, 811-04528                                                                                                                                                                                                                                                                                                                                           |

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

**Chief compliance officer Record: 1**

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

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

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

- **d. City:** BOSTON

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

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

- **g. Zip code:** 02110

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

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

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000000332

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Putnam Floating Rate Income Fund

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

- **a. Full Name of the Fund:** Putnam Floating Rate Income Fund

- **b. Series identification number, if any:** S000000773

- **c. LEI:** 4QPXMF8KPJY34ZN06K78

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

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

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

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

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

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

|   Shares Outstanding Record | i. Full name of Class           | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | FLOATING RATE INCOME FUND CL R  | C000002281                                | PFLLX                        |
|                           2 | FLOATING RATE INCOME FUND CL C  | C000002279                                | PFICX                        |
|                           3 | FLOATING RATE CL Y              | C000002282                                | PFRYX                        |
|                           4 | FLOATING RATE INCOME FUND CL R6 | C000203062                                | PFRZX                        |
|                           5 | FLOATING RATE INCOME FUND CL A  | C000002283                                | PFLRX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

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

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

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

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

Did the Fund rely on the following rules?

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

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

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

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

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

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

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

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

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

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000104517

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000106629

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000111360

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

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

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

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

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

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

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

**Pricing Services Record: 3**

- **i. Full name:** S&P Global Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** Y6X4K52KMJMZE7I7MY94

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

**Custodians Record: 2**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

**Administrators Record: 2**

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

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

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

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

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

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

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

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

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

No Brokers reported.

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

| Name                          | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Deutsche Bank Securities Inc. | 8-17822           |    000002525 | 9J6MBOOO7BECTDTUZW19 | NY      | US        | $22,450,036.34            |
| BofA Securities, Inc.         | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $27,474,550.72            |
| RBC Capital Markets, LLC      | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $24,621,482.17            |
| Citigroup Global Markets Inc. | 8-08177           |    000007059 | MBNUM2BPBDO7JBLYG310 | NY      | US        | $35,128,969.45            |
| Jefferies LLC                 | 8-15074           |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $19,171,171.75            |
| J.P. Morgan Securities LLC    | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $58,982,776.61            |
| Barclays Capital, Inc.        | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $28,812,365.89            |
| Wells Fargo Securities, LLC   | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $26,288,460.52            |
| Goldman Sachs & Co. LLC       | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $47,230,458.60            |
| Morgan Stanley & Co. LLC      | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $37,412,001.40            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $385,385,171.08

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

- **Item C.19.a - Fund's monthly average net assets:** $334,290,809.31

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 2 Name of institution:** STANDARD CHARTERED BANK

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

  - **Line Institutions Record: 4 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

  - **Line Institutions Record: 6 Name of institution:** MORGAN STANLEY BANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** THE BANK OF NOVA SCOTIA HOUSTON BRANCH

  - **Line Institutions Record: 8 Name of institution:** ROYAL BANK OF CANADA

  - **Line Institutions Record: 9 Name of institution:** DEUTSCHE BANK AG NEW YORK BRANCH

  - **Line Institutions Record: 10 Name of institution:** BARCLAYS BANK PLC

  - **Line Institutions Record: 11 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 12 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 13 Name of institution:** THE TORONTO-DOMINION BANK NEW YORK BRANCH

  - **Line Institutions Record: 14 Name of institution:** M&T BANK

  - **Line Institutions Record: 15 Name of institution:** WELLS FARGO BANK, NATIONAL ASSOCIATION

  - **Line Institutions Record: 16 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 17 Name of institution:** UMB BANK, N.A.

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

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

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

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

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

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

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

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

## N-CEN: Part G: Attachments

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

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

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

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

- [ ] iv. Change in accounting principles and practices

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

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

## N-CEN: Signature

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

**Registrant:** Putnam Funds Trust

**Date:** 2026-02-28

**Signature:** Monica Krogh

**Title:** Assistant Treasurer