# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0002071691-25-009326
**Filing Date:** 2025-12
**Character Count:** 46609
**Document Hash:** 2afe6ae0c22363e44c5424e11aa37e2e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-009326.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0002071691-25-009326

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260430

**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:** 251595224

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

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

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

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

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

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

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-10-31

**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:** $374215367.00

**Total Liabilities:** $676201.97

**Net Assets:** $373539165.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010774 | -1.41%               | 1.57%                | 0.52%                |
| Class ID C000010773 | -1.44%               | 1.52%                | 0.51%                |
| Class ID C000010772 | -1.53%               | 1.49%                | 0.43%                |
| Class ID C000010770 | -1.44%               | 1.56%                | 0.48%                |
| Class ID C000202883 | -1.40%               | 1.56%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4717060.93              | $-9697428.21                               |
| Month 2  | $3000722.58              | $2761035.25                                |
| Month 3  | $11807608.01             | $-10467708.19                              |

**Designated Index Information**

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

- **Index Identifier:** BM0824

### Schedule of Portfolio Investments

| Name                                        | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $42475.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $30932.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ServiceTitan, Inc.                          | ServiceTitan, Inc., Class A                 | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35235 | NS      | $3324774.60   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                | Cadence Design Systems, Inc.                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     10600 | NS      | $3590114.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis Novozymes                         | Novonesis Novozymes, Class B                | CUSIP: N/A<br>LEI: 529900T6WNZXD2R3JW38       | Long             | EC               | CORP              | DK        |     79877 | NS      | $4773417.79   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings, Inc.                  | Crowdstrike Holdings, Inc., Class A         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      3400 | NS      | $1846234.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-4101.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                    | U.S. Treasury Bills                         | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    400000 | PA      | $398667.17    | 0.11%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vita Coco Co., Inc. (The)                   | Vita Coco Co., Inc. (The)                   | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     57800 | NS      | $2380204.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                 | Xylem, Inc.                                 | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     45700 | NS      | $6893845.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.             | Hilton Worldwide Holdings, Inc.             | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     36900 | NS      | $9481824.00   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $11742.94     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-15980.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Planet Labs PBC                             | Planet Labs PBC                             | CUSIP: 72703X106<br>LEI: 254900Q7PVI3HTQBRB44 | Long             | EC               | CORP              | US        |    251000 | NS      | $3375950.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova, Inc.                            | GE Vernova, Inc.                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |      7800 | NS      | $4564092.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                     | Republic Services, Inc., Class A            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     19600 | NS      | $4081504.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide, Inc.                 | CH Robinson Worldwide, Inc.                 | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     15200 | NS      | $2340648.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mettler-Toledo International, Inc.          | Mettler-Toledo International, Inc.          | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |      3400 | NS      | $4815386.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                | ResMed, Inc.                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |     14100 | NS      | $3481008.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON plc                                    | ICON plc                                    | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |      4300 | NS      | $738826.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinterest, Inc.                             | Pinterest, Inc., Class A                    | CUSIP: 72352L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167600 | NS      | $5547560.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                        | NextEra Energy, Inc.                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     22200 | NS      | $1807080.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $68849.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $46031.24     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $16437.39     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $962.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Argenx SE                                   | Argenx SE                                   | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      3500 | NS      | $2864750.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble, Inc.                               | Trimble, Inc.                               | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     65900 | NS      | $5255525.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5643.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-133.84      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mastercard, Inc.                            | Mastercard, Inc., Class A                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      8500 | NS      | $4691915.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bright Horizons Family Solutions, Inc.      | Bright Horizons Family Solutions, Inc.      | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57600 | NS      | $6291648.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $26300.61     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology, Inc.                    | Marvell Technology, Inc.                    | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44200 | NS      | $4143308.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab, Inc.                                | Gitlab, Inc., Class A                       | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |     82600 | NS      | $4026750.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co., Inc.                             | KKR & Co., Inc.                             | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     39300 | NS      | $4650369.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                             | ASML Holding NV                             | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |      6200 | NS      | $6567226.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk, Inc. (The)                      | Trade Desk, Inc. (The), Class A             | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |     47000 | NS      | $2363160.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                    | U.S. Treasury Bills                         | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    500000 | PA      | $499841.61    | 0.13%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Casella Waste Systems, Inc.                 | Casella Waste Systems, Inc., Class A        | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     37600 | NS      | $3330232.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $58841.13     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Trane Technologies plc                      | Trane Technologies plc                      | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      4900 | NS      | $2198385.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $11045.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $38104.30     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Viking Holdings Ltd.                        | Viking Holdings Ltd.                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     99600 | NS      | $6060660.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $21487.49     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Veeva Systems, Inc.                         | Veeva Systems, Inc., Class A                | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     16411 | NS      | $4778883.20   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co.                         | Vertiv Holdings Co., Class A                | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     71500 | NS      | $13789490.00  | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Dollar                             | Canadian Dollar                             | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | CA        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Danish Krone                                | Danish Krone                                | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | DK        |        -0 | OU      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp.                                | ROBLOX Corp., Class A                       | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53200 | NS      | $6049904.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $14441.92     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $31074.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $25774.53     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Birkenstock Holding plc                     | Birkenstock Holding plc                     | CUSIP: N/A<br>LEI: 529900CQ8LQKQ7LIT631       | Long             | EC               | CORP              | JE        |    119200 | NS      | $4757272.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $28146.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SharkNinja, Inc.                            | SharkNinja, Inc.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     21700 | NS      | $1855350.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                        | Federal Signal Corp.                        | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     46000 | NS      | $5429380.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                              | Broadcom, Inc.                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     19000 | NS      | $7022970.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog, Inc.                               | Datadog, Inc., Class A                      | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     63500 | NS      | $10338435.00  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                    | Roper Technologies, Inc.                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      7100 | NS      | $3167665.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                 | Capital One Financial Corp.                 | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     22700 | NS      | $4993773.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-51055.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HubSpot, Inc.                               | HubSpot, Inc.                               | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |     15600 | NS      | $7673952.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cava Group, Inc.                            | Cava Group, Inc.                            | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72500 | NS      | $3895425.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon plc                                     | Aon plc, Class A                            | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |      5400 | NS      | $1839672.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings, Inc.              | Life Time Group Holdings, Inc.              | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147200 | NS      | $3640256.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals, Inc.               | Alnylam Pharmaceuticals, Inc.               | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     19400 | NS      | $8847176.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper, Inc.                      | Keurig Dr Pepper, Inc.                      | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |    187594 | NS      | $5095053.04   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                         | Ascendis Pharma A/S                         | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     18700 | NS      | $3769920.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ulta Beauty, Inc.                           | Ulta Beauty, Inc.                           | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |      9400 | NS      | $4886872.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom, Inc.                                | Dexcom, Inc.                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     94800 | NS      | $5519256.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $9574.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $9776.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-29718.62    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4251.05      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $108287.44    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                       | Quanta Services, Inc.                       | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     21200 | NS      | $9521556.00   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $8967.88      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $102.97       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture plc                               | Accenture plc, Class A                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      1100 | NS      | $275110.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                  | Constellation Energy Corp.                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     12900 | NS      | $4863300.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra, Inc.                              | Penumbra, Inc.                              | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     18800 | NS      | $4274556.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $28139.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| TPG, Inc.                                   | TPG, Inc., Class A                          | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |    100300 | NS      | $5520512.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage, Inc.                          | Pure Storage, Inc., Class A                 | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     57500 | NS      | $5675250.00   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp.                  | Edwards Lifesciences Corp.                  | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     49700 | NS      | $4097765.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp.                                | Vistra Corp.                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     48300 | NS      | $9094890.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                          | FirstService Corp.                          | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     21400 | NS      | $3411374.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics, Inc.                      | Verisk Analytics, Inc., Class A             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     32600 | NS      | $7131576.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo, Inc.                              | Duolingo, Inc., Class A                     | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8800 | NS      | $2381632.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                                | Allegion plc                                | CUSIP: N/A<br>LEI: 984500560CAC2E6FB757       | Long             | EC               | CORP              | IE        |     17500 | NS      | $2900975.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories, Inc.                    | IDEXX Laboratories, Inc.                    | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |     11100 | NS      | $6987561.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software, Inc.                    | Guidewire Software, Inc.                    | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     19200 | NS      | $4485888.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow, Inc.                            | ServiceNow, Inc.                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      6000 | NS      | $5515680.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                          | Putnam Short Term Investment Fund, Class P  | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   4997045 | NS      | $4997045.36   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $108063.54    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global, Inc.                       | Coinbase Global, Inc., Class A              | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |      9500 | NS      | $3265910.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $36321.76     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-20970.42    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $21538.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Badger Infrastructure Solutions Ltd.        | Badger Infrastructure Solutions Ltd.        | CUSIP: 056533102<br>LEI: 254900BS2WTIBXVDKM03 | Long             | EC               | CORP              | CA        |     67400 | NS      | $3536391.57   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $8.91         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10872.44     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $25226.18     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6947.45      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| First Watch Restaurant Group, Inc.          | First Watch Restaurant Group, Inc.          | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    274118 | NS      | $4520205.82   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro, Inc.                                | Hasbro, Inc.                                | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |     54600 | NS      | $4166526.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10270.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-5029.22     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-27.03       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.             | Regeneron Pharmaceuticals, Inc.             | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      5000 | NS      | $3259000.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON plc                                    | ICON plc                                    | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |     21000 | NS      | $3608220.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.              | Thermo Fisher Scientific, Inc.              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     10100 | NS      | $5730639.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1405.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aritzia, Inc.                               | Aritzia, Inc.                               | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |     63900 | NS      | $4463500.77   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                               | On Holding AG, Class A                      | CUSIP: N/A<br>LEI: 506700FB3467B9W95526       | Long             | EC               | CORP              | CH        |    117000 | NS      | $4346550.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EURO                                        | EURO                                        | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             |  | XX        |        -0 | OU      | $-0.01        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                               | Accenture plc, Class A                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     11200 | NS      | $2801120.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market, Inc.                | Sprouts Farmers Market, Inc.                | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     56400 | NS      | $4453344.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                            | NRG Energy, Inc.                            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     34200 | NS      | $5877612.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast, Inc.                                 | Toast, Inc., Class A                        | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    100000 | NS      | $3614000.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $626.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                         | Forward Foreign Currency Contract           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2486.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DR Horton, Inc.                             | DR Horton, Inc.                             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |     21900 | NS      | $3264852.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Rock Coffee Bar, Inc.                 | Black Rock Coffee Bar, Inc., Class A        | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216900 | NS      | $5565654.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc. | HA Sustainable Infrastructure Capital, Inc. | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    122400 | NS      | $3391704.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.           | Canadian Pacific Kansas City Ltd.           | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     38000 | NS      | $2734100.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer