# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0001752724-25-178299
**Filing Date:** 2025-7
**Character Count:** 37891
**Document Hash:** fde33da79716db7ca3dbe4b88d77f270
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178299.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178299

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20251130

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 251150122

**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 Intermediate-Term Municipal Income Fund (Series ID: S000039834)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000123521 | CLASS Y         |  |
| C000123522 | CLASS A         |  |
| C000123524 | CLASS C         |  |
| C000202823 | 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 Funds Trust

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

- **c. CIK number of Registrant:** 0001005942

- **d. LEI of Registrant:** 549300S9JYWEMKQCLW53

- **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 Intermediate-Term Municipal Income Fund

- **b. EDGAR series identifier (if any):** S000039834

- **c. LEI of Series:** 549300MUZBBJH4W4NL35

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $25470365.44

**Total Liabilities:** $139903.06

**Net Assets:** $25330462.38

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 102.36000000 | **1-Year:** 538.20000000 | **5-Year:** 2356.77000000 | **10-Year:** 6440.21000000 | **30-Year:** 1917.74000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 1.84000000 | **1-Year:** 8.51000000 | **5-Year:** 52.65000000 | **10-Year:** 270.55000000 | **30-Year:** 34.39000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123521 | -1.55%               | -0.25%               | -0.23%               |
| Class ID C000202823 | -1.55%               | -0.35%               | -0.13%               |
| Class ID C000123522 | -1.57%               | -0.37%               | -0.15%               |
| Class ID C000123524 | -1.53%               | -0.43%               | -0.32%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-454034.39                                |
| Month 2  | $0.00                    | $-144811.77                                |
| Month 3  | $-138107.39              | $15481.59                                  |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond 7 Year (6-8 Y) Index

- **Index Identifier:** BM3222

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| St Tammany Parish Hospital Service District No. 1                       | St. Tammany Parish Hospital Service District No. 1, Series 2018 A                 | CUSIP: 793556CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194829.80    | 0.77%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                | Arlington Higher Education Finance Corp., Series 2018 A                           | CUSIP: 041806QH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200613.52    | 0.79%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                  | University of Illinois, Series 2023                                               | CUSIP: 9143537K7<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    300000 | PA      | $321050.46    | 1.27%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                    | Puerto Rico Electric Power Authority, Series VV                                   | CUSIP: 74526QPK2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | PR        |    140000 | PA      | $140073.51    | 0.55%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                       | South Carolina Transportation Infrastructure Bank, Series 2016 A                  | CUSIP: 837152UL9<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $179441.30    | 0.71%             | 2036-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                   | City of San Antonio, Series 2024 D                                                | CUSIP: 79625GLP6<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261239.10    | 1.03%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Shore Area Authority                                               | West Shore Area Authority, Series 2015 A                                          | CUSIP: 95581QAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14996.92     | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                              | Utah Infrastructure Agency, Series 2021                                           | CUSIP: 917467BT8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    140000 | PA      | $139836.13    | 0.55%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                   | City of Farmington, Series 2010 B                                                 | CUSIP: 311450GD6<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250664.98    | 0.99%             | 2040-06-01      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                          | Tennergy Corp., Series 2021 A                                                     | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    325000 | PA      | $324632.65    | 1.28%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                      | New York State Dormitory Authority, Series 2024 A                                 | CUSIP: 65000B4T2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    325000 | PA      | $336058.16    | 1.33%             | 2040-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp.                         | San Antonio Housing Trust Public Facility Corp., Series 2024 A                    | CUSIP: 79626WAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $288299.67    | 1.14%             | 2043-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                         | State of Alaska, Series 2025 A                                                    | CUSIP: 0117706K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $282353.58    | 1.11%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                         | California County Tobacco Securitization Agency, Series 2020 A                    | CUSIP: 13016NGJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $287211.82    | 1.13%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                      | Greater Orlando Aviation Authority, Series 2017 A                                 | CUSIP: 392274W85<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354260.76    | 1.40%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                  | University of Kentucky, Series 2024                                               | CUSIP: 914383AR5<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |    155000 | PA      | $164160.21    | 0.65%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                             | Long Island Power Authority, Series 2020 B                                        | CUSIP: 542691DM9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    325000 | PA      | $322358.08    | 1.27%             | 2050-09-01      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                       | Hutto Independent School District, Series 2023                                    | CUSIP: 4484924T2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208773.76    | 0.82%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                       | Southeast Energy Authority A Cooperative District, Series 2022 A-1                | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158284.62    | 0.62%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                 | Knox County Health Educational & Housing Facility Board, Series 2024 A-1          | CUSIP: 499526AH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $423028.12    | 1.67%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri      | Health & Educational Facilities Authority of the State of Missouri, Series 2023 A | CUSIP: 60636AVZ3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    290000 | PA      | $243086.61    | 0.96%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                 | Knox County Health Educational & Housing Facility Board, Series 2024 B-1          | CUSIP: 499526BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $257688.03    | 1.02%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                              | Michigan Finance Authority, Series 2014 B                                         | CUSIP: 59447PYM7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    240000 | PA      | $240301.39    | 0.95%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                       | Southeast Energy Authority A Cooperative District, Series 2025 B                  | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258136.03    | 1.02%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Royse City Independent School District/TX                               | Royse City Independent School District, Series 2023                               | CUSIP: 780869XV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261461.80    | 1.03%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                    | District of Columbia, Series 2019                                                 | CUSIP: 25483VVJ0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    165000 | PA      | $167157.87    | 0.66%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                             | California State University, Series 2018 B                                        | CUSIP: 13077DFG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99598.29     | 0.39%             | 2025-11-01      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                         | Chester County Industrial Development Authority, Series 2024                      | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152056.68    | 0.60%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount San Jacinto Community College District                            | Mount San Jacinto Community College District, Series 2014 C                       | CUSIP: 623053CM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $97699.99     | 0.39%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Diego Housing Authority, Inc.                                       | San Diego Housing Authority, Inc., Series 2024 E                                  | CUSIP: 79728FLL3<br>LEI: 549300X9H1ODNOOT1Q87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $472558.35    | 1.87%             | 2040-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | California Municipal Finance Authority, Series 2019 A                             | CUSIP: 13048VKV9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173216.79    | 0.68%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                     | Louisville/Jefferson County Metropolitan Government, Series 2023 A                | CUSIP: 54659LCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306841.62    | 1.21%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                   | Pennsylvania Economic Development Financing Authority, Series 2022                | CUSIP: 70868YAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201763.74    | 0.80%             | 2035-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                      | Port of Seattle, Series 2019                                                      | CUSIP: 735389H84<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202806.02    | 0.80%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                    | Lake Houston Redevelopment Authority, Series 2021                                 | CUSIP: 51001QAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127533.48    | 0.50%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                 | County of Montgomery, Series 2016                                                 | CUSIP: 613520LA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $138850.69    | 0.55%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                               | Las Vegas Convention & Visitors Authority, Series 2023 A                          | CUSIP: 51771FCA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $317744.40    | 1.25%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                        | California Health Facilities Financing Authority, Series 2013 A                   | CUSIP: 13033LS65<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    105000 | PA      | $102779.93    | 0.41%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                        | Kentucky Public Energy Authority, Series 2024 A                                   | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259298.23    | 1.02%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Independent School District                                      | Irving Independent School District, Series 2023                                   | CUSIP: 463813M36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $335421.52    | 1.32%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                     | Geisinger Authority, Series 2020 B                                                | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152831.31    | 0.60%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                  | California Municipal Finance Authority, Series 2023 B                             | CUSIP: 13051AFZ6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207073.94    | 0.82%             | 2033-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                          | Metropolitan Nashville Airport Authority (The), Series 2019 B                     | CUSIP: 592190NY4<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261095.98    | 1.03%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                     | State of Washington, Series 2021 C                                                | CUSIP: 93974ELU8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207978.72    | 0.82%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue        | Washington Metropolitan Area Transit Authority, Series 2021 A                     | CUSIP: 93878YBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $383851.00    | 1.52%             | 2046-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                         | California Community Choice Financing Authority, Series 2024 A                    | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    300000 | PA      | $314976.24    | 1.24%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                  | City of Minneapolis, Series 2018 A                                                | CUSIP: 60374VEB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    265000 | PA      | $269206.42    | 1.06%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Coconino County Pollution Control Corp.                                 | Coconino County Pollution Control Corp., Series 2017 B                            | CUSIP: 191855BM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249622.93    | 0.99%             | 2039-03-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                    | Texas A&M University, Series 2022                                                 | CUSIP: 88213ASU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273147.50    | 1.08%             | 2037-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                | Arlington Higher Education Finance Corp., Series 2022                             | CUSIP: 041807BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271860.75    | 1.07%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                             | Commonwealth of Puerto Rico, Series 2022 A-1                                      | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |     99862 | PA      | $99932.98     | 0.39%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rural Water Financing Agency                                            | Rural Water Financing Agency, Series 2023 A                                       | CUSIP: 781741AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250098.93    | 0.99%             | 2025-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                                                      | Putnam Short Term Investment Fund, Class P                                        | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   8477003 | NS      | $8477003.00   | 33.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Development Authority of Burke County (The)                             | Development Authority of Burke County (The), Series 2012-1                        | CUSIP: 121342QD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249428.68    | 0.98%             | 2049-12-01      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                           | Texas Water Development Board, Series 2019 A                                      | CUSIP: 882854Y97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $242207.82    | 0.96%             | 2035-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                               | Orange County Health Facilities Authority, Series 2023 A                          | CUSIP: 68450LHH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259803.05    | 1.03%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority, Series 2024 A-1                     | CUSIP: 64971X8H4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $383343.60    | 1.51%             | 2046-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No. 1                      | Grays Harbor County Public Hospital District No. 1, Series 2023                   | CUSIP: 389526AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $191176.88    | 0.75%             | 2044-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                | Arlington Higher Education Finance Corp., Series 2017 A                           | CUSIP: 041806MN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $165947.73    | 0.66%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                              | Utah Infrastructure Agency, Series 2019                                           | CUSIP: 917467BD3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    135000 | PA      | $141120.87    | 0.56%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                       | State of Colorado, Series 2020 A                                                  | CUSIP: 196711SG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $450863.19    | 1.78%             | 2036-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                             | Commonwealth of Puerto Rico                                                       | CUSIP: 74514L4G9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |         0 | PA      | $0.00         | 0.00%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                         | Allegheny County Hospital Development Authority, Series 2018 A                    | CUSIP: 01728A3S3<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    200000 | PA      | $206618.60    | 0.82%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                  | Ohio Air Quality Development Authority, Series 2022 B                             | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251914.30    | 0.99%             | 2030-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| San Juan Unified School District                                        | San Juan Unified School District, Series 2020                                     | CUSIP: 798306XX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $221043.86    | 0.87%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                   | Fort Bend Independent School District, Series 2021 B                              | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $197348.72    | 0.78%             | 2051-08-01      | Variable      | 0.72%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                       | Philadelphia Authority for Industrial Development, Series 2020 A                  | CUSIP: 71780CAH3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    155000 | PA      | $158771.40    | 0.63%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                 | Port Authority of New York & New Jersey, Series 221st                             | CUSIP: 73358W5P5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    250000 | PA      | $241942.13    | 0.96%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                              | City of Los Angeles, Series 2018 C                                                | CUSIP: 544445FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $292983.48    | 1.16%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Deephaven MN                                                    | City of Deephaven, Series 2015 A                                                  | CUSIP: 24380HAU6<br>LEI: 5493005IOLNBTFT2MD86 | Long             | DBT              | MUN               | US        |     10000 | PA      | $9998.40      | 0.04%             | 2025-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority (The)                          | Metropolitan Nashville Airport Authority (The), Series 2022 B                     | CUSIP: 592190QR6<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108625.86    | 0.43%             | 2036-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                     | City of Rockport, Series 1995 B                                                   | CUSIP: 773835BX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199891.64    | 0.79%             | 2025-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                 | New York City Housing Development Corp., Series 2020 I-1                          | CUSIP: 64972ETS8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    300000 | PA      | $201233.94    | 0.79%             | 2045-11-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                        | Pennsylvania Turnpike Commission, Series 2019 A                                   | CUSIP: 709224N39<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    285000 | PA      | $307998.96    | 1.22%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer