# EDGAR Filing Document

**Accession Number:** 0000822671
**File Stem:** 0000869392-23-000415
**Filing Date:** 2023-2
**Character Count:** 28231
**Document Hash:** d24cda1462c52e71d149ecc5e9bd056f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000415.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000869392-23-000415

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM VARIABLE TRUST
- **CENTRAL INDEX KEY:** 0000822671
- **IRS NUMBER:** 046649095
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05346
- **FILM NUMBER:** 23667813

**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 CAPITAL MANAGER TRUST /MA/
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Putnam VT Global Health Care Fund (Series ID: S000003874)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010843 | Class IA Shares |  |
| C000010844 | Class IB 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 Variable Trust

- **b. Investment Company Act file number:** 811-05346

- **c. CIK number of Registrant:** 0000822671

- **d. LEI of Registrant:** 549300TBVD21LYBGBD46

- **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:** 1-800-225-1581

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

- **a. Name of Series:** Putnam VT Global Health Care Fund

- **b. EDGAR series identifier (if any):** S000003874

- **c. LEI of Series:** OGC9MX44J30WCPCACY55

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $164727795.32

**Total Liabilities:** $6147470.00

**Net Assets:** $158580325.32

**Cash Not Reported:** $42.77

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010844 | -1.34%               | 4.91%                | 10.12%               |
| Class ID C000010843 | -1.33%               | 4.99%                | 10.11%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-206157.48              | $-2160773.10                               |
| Month 2  | $142797.14               | $7071440.21                                |
| Month 3  | $1465514.30              | $13018962.25                               |

**Designated Index Information**

- **Index Name:** MSCI World Health Care

- **Index Identifier:** IDX00851

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBVIE INC                                                                  | COMMON STOCK                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     23100 | NS      | $3733191.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC                                                                  | COMMON STOCK                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     46800 | NS      | $5299632.00   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IVERIC BIO INC                                                              | COMMON STOCK                  | CUSIP: 46583P102<br>LEI: 549300GZXI59U71XPM70 | Long             | EC               | CORP              | US        |     18793 | NS      | $402358.13    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA INC                                                                | COMMON STOCK                  | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |    396915 | NS      | $5259123.75   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OPTION CARE HEALTH INC                                                      | COMMON STOCK                  | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    124300 | NS      | $3740187.00   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SAREPTA THERAPEUTICS INC                                                    | COMMON STOCK                  | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |      9500 | NS      | $1231010.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                                                                  | COMMON STOCK                  | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      5600 | NS      | $2868264.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                                               | COMMON STOCK                  | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     11500 | NS      | $4313880.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                                                  | COMMON STOCK                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     44603 | NS      | $2285457.72   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORP                                                    | COMMON STOCK                  | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      3400 | NS      | $945506.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE SURGICAL INC                                                      | COMMON STOCK                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     26200 | NS      | $6952170.00   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON  AND  JOHNSON                                                       | COMMON STOCK                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     35026 | NS      | $6187342.90   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY  AND  CO                                                          | COMMON STOCK                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     24800 | NS      | $9072832.00   | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK  AND  CO INC                                                          | COMMON STOCK                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     88862 | NS      | $9859238.90   | 6.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                                                      | COMMON STOCK                  | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    120700 | NS      | $5584789.00   | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                                | COMMON STOCK                  | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      5700 | NS      | $3138933.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABORATORIES INC                                                    | COMMON STOCK                  | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      6000 | NS      | $2522940.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                      | COMMON STOCK                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     27400 | NS      | $14526932.00  | 9.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                                                                | COMMON STOCK                  | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     22800 | NS      | $6051576.00   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC                                                                  | COMMON STOCK                  | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |     11200 | NS      | $3101504.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALKERMES PLC                                                                | COMMON STOCK                  | CUSIP: G01767105<br>LEI: 549300YHRMYLL071E243 | Long             | EC               | CORP              | IE        |    225900 | NS      | $5902767.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| GREEN THUMB INDUSTRIES INC                                                  | COMMON STOCK                  | CUSIP: 39342L108<br>LEI: 529900Q0L3K192QQY915 | Long             | EC               | CORP              | US        |     27700 | NS      | $239328.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CURALEAF HOLDINGS INC                                                       | COMMON STOCK                  | CUSIP: 23126M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58800 | NS      | $252681.24    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| 4FRONT VENTURES CORP                                                        | COMMON STOCK                  | CUSIP: 35086B207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4850921 | NS      | $1132690.05   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                                                             | COMMON STOCK                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     23800 | NS      | $7885892.00   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LANTHEUS HOLDINGS INC                                                       | COMMON STOCK                  | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     25900 | NS      | $1319864.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET PHARMACEUTICALS INC                                                  | COMMON STOCK                  | CUSIP: 77313F106<br>LEI: 549300R7VV82YUIN4Y93 | Long             | EC               | CORP              | US        |     19800 | NS      | $387486.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCENDIS PHARMA A/S                                                         | COMMON STOCK - ADR            | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     46620 | NS      | $5693700.60   | 3.59%             |  |  |  | No            |                  1 | On Loan: —       |
| CITIBANK N.A.                                                               | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              | CORP              | US        |         1 | NC      | $1170846.31   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK USA                                                               | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 1IE8VN30JCEQV1H4R804       | N/A              | DFE              | CORP              | US        |         1 | NC      | $1356905.81   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                      | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              | CORP              | US        |         1 | NC      | $1270229.52   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                         | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: RR3QWICWWIPCS8A4S074       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $632943.88    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                                        | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              | CORP              | US        |         1 | NC      | $4121337.79   | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                                     | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $2165121.74   | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK USA                                                               | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 1IE8VN30JCEQV1H4R804       | N/A              | DFE              | CORP              | US        |         1 | NC      | $3239836.39   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY AND CO. INTERNATIONAL                                        | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | N/A              | DFE              | CORP              | US        |         1 | NC      | $465835.31    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTL FX                                                       | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              | CORP              | US        |         1 | NC      | $2607439.67   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY AND CO. INTERNATIONAL                                        | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | N/A              | DFE              | CORP              | US        |         1 | NC      | $84485.95     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                                        | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              | CORP              | US        |         1 | NC      | $563518.55    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                         | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: RR3QWICWWIPCS8A4S074       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $2464777.31   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                                     | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $192480.74    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTL FX                                                       | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              | CORP              | US        |         1 | NC      | $493979.74    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGANCHASE BANK                                                         | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              | CORP              | US        |         1 | NC      | $279152.79    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                                     | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $236615.56    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC WHOLESALE, LONDON                                         | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $495736.53    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTL FX                                                       | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              | CORP              | US        |         1 | NC      | $517119.57    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                                                 | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | N/A              | DFE              | CORP              | US        |         1 | NC      | $1361950.05   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGANCHASE BANK                                                         | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              | CORP              | US        |         1 | NC      | $575734.53    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                                     | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $455113.67    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY AND CO. INTERNATIONAL                                        | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | N/A              | DFE              | CORP              | US        |         1 | NC      | $379907.28    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK USA                                                               | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: 1IE8VN30JCEQV1H4R804       | N/A              | DFE              | CORP              | US        |         1 | NC      | $758724.62    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                                        | CURRENCY FORWARDS             | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              | CORP              | US        |         1 | NC      | $1095371.80   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| TERRASCEND CORP                                                             | ORDINARY SHARES               | CUSIP: 88105E108<br>LEI: 529900Z66HBZ5381EO49 | Long             | EC               | CORP              | CA        |    338100 | NS      | $382053.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVO NORDISK A/S                                                            | ORDINARY SHARES               | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |     43718 | NS      | $5903075.37   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| EISAI CO LTD                                                                | ORDINARY SHARES               | CUSIP: N/A<br>LEI: 353800HDEE0ZYEX4QV91       | Long             | EC               | CORP              | JP        |     10700 | NS      | $709637.31    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKEDA PHARMACEUTICAL CO LTD                                                | ORDINARY SHARES               | CUSIP: J81281115<br>LEI: 549300ZLMVP4X0OGR454 | Long             | EC               | CORP              | JP        |     58800 | NS      | $1841868.33   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                                             | ORDINARY SHARES               | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     77671 | NS      | $10533742.74  | 6.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI                                                                      | ORDINARY SHARES               | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |     86889 | NS      | $8356044.09   | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TERUMO CORPORATION                                                          | ORDINARY SHARES               | CUSIP: N/A<br>LEI: 353800JX1R4582QVK932       | Long             | EC               | CORP              | JP        |     14000 | NS      | $399603.78    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCHE HOLDING AG                                                            | ORDINARY SHARES               | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      7258 | NS      | $2280267.13   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DAIICHI SANKYO CO LTD                                                       | ORDINARY SHARES               | CUSIP: N/A<br>LEI: 353800XGIU2IHQGC9504       | Long             | EC               | CORP              | JP        |     52700 | NS      | $1706606.22   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PUTNAM CASH COLLATERAL POOL LLC                                             | SHORT TERM INV FUND           | CUSIP: N/A<br>LEI: 5493005HRIV7IFMKD774       | Long             | STIV             | PF                | US        |   5328454 | NS      | $5328454.00   | 3.36%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                                           | SHORT TERM INV FUND           | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |   5816277 | NS      | $5816277.00   | 3.67%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | SHORT TERM INV FUND           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    150000 | NS      | $150000.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES OF AMERICA                                                    | TREASURY- INFLATION PROTECTED | CUSIP: 912828YL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    116109 | PA      | $130102.69    | 0.08%             | 2024-10-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                                    | U.S. T BILLS                  | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99913.19     | 0.06%             | 2023-01-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                                    | U.S. T BILLS                  | CUSIP: 912796ZK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    100000 | PA      | $99856.94     | 0.06%             | 2023-01-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                                    | U.S. T. NOTE                  | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     75000 | PA      | $64341.75     | 0.04%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-24

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer