# EDGAR Filing Document

**Accession Number:** 0000771951
**File Stem:** 0002071691-25-002496
**Filing Date:** 2025-10
**Character Count:** 125394
**Document Hash:** d2c9ace59fd5f798adb31c39393f308f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-002496.hdr.sgml**: 20251010

**ACCESSION NUMBER**: 0002071691-25-002496

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20251010

**DATE AS OF CHANGE**: 20251010

**EFFECTIVENESS DATE**: 20251010

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST
- **CENTRAL INDEX KEY:** 0000771951

**ORGANIZATION NAME:**
- **EIN:** 046483374
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04345
- **FILM NUMBER:** 251388105

**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 TAX FREE INCOME TRUST /MA/
- **DATE OF NAME CHANGE:** 19920902

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM TAX FREE INCOME TRUST
- **DATE OF NAME CHANGE:** 19920101

## Series and Classes Contracts Data

### Putnam Strategic Intermediate Municipal Fund (Series ID: S000003860)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010817 | Class C Shares  |  |
| C000010819 | Class A Shares  | PPNAX           |
| C000010820 | Class B Shares  | PTFIX           |
| C000060535 | CLASS Y         |  |
| C000202840 | Class R6 Shares |  |

### Putnam Tax-Free High Yield Fund (Series ID: S000003861)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010821 | Class C Shares  |  |
| C000010822 | Class A Shares  | PTHAX           |
| C000010823 | Class B Shares  | PTHYX           |
| C000060536 | CLASS Y         |  |
| C000202841 | Class R6 Shares |  |

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Putnam Tax-Free Income Trust
and Shareholders of Putnam Tax-Free High Yield Fund:

In planning and performing our audit of the financial statements
of Putnam Tax-Free High Yield Fund (one of the funds constituting
Putnam Tax-Free Income Trust, referred to hereafter as the "Fund")
as of and for the year ended July 31, 2025, in accordance with the
standards of the Public Company Accounting Oversight Board
(United States) (PCAOB), we considered the Fund's internal control
over financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for
the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-CEN, but not for the
purpose of expressing an opinion on the effectiveness of the Fund's
internal control over financial reporting. Accordingly, we do not
express an opinion on the effectiveness of the Fund's internal control
over financial reporting.

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

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

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

Our consideration of the Fund's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies
in internal control over financial reporting that might be
material weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls
over safeguarding securities, that we consider to be material
weaknesses as defined above as of July 31, 2025.

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

PricewaterhouseCoopers LLP
Boston, Massachusetts
September 18, 2025

```

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Putnam Tax-Free Income Trust and
Shareholders of Putnam Strategic Intermediate Municipal Fund:

In planning and performing our audit of the financial statements
of Putnam Strategic Intermediate Municipal Fund (one of the funds
constituting Putnam Tax-Free Income Trust, referred to hereafter
as the "Fund") as of and for the year ended July 31, 2025, in
accordance with the standards of the Public Company Accounting
Oversight Board (United States) (PCAOB), we considered the Fund's
internal control over financial reporting, including controls over
safeguarding securities, as a basis for designing our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form
N-CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Fund's internal control over financial reporting.
Accordingly, we do not express an opinion on the effectiveness of the
Fund's internal control over financial reporting.

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

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

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

Our consideration of the Fund's internal control over financial reporting
was for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established
by the PCAOB. However, we noted no deficiencies in the Fund's internal
control over financial reporting and its operation, including controls
over safeguarding securities, that we consider to be material weaknesses
as defined above as of July 31, 2025.

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

PricewaterhouseCoopers LLP
Boston, Massachusetts
September 18, 2025

```

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

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000771951

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

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

**Item A.1.a - Report for period ending:** 2025-07-31

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

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

- **Item B.1.a - Full name of Registrant:** Putnam Tax Free Income Trust

- **Item B.1.b - Investment Company Act file number:** 811-04345

- **Item B.1.c - CIK:** 0000771951

- **Item B.1.d - LEI:** 54930021N9BODYLQGR89

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

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

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

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

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

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

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

**Location books Record: 1**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 2**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 3**

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

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

- **Street 2:** 78 Cannon Street

- **c. City:** London

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

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

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

**Location books Record: 4**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 5**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 6**

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

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

- **c. City:** San Mateo

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

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

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

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

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

**Location books Record: 7**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 8**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 9**

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

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

- **c. City:** BOSTON

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

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

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

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

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

**Location books Record: 10**

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

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

- **c. City:** New York

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

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

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

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

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

**Location books Record: 11**

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

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

- **c. City:** San Mateo

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

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

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

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

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

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

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

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

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

### Item B.6 - Organization

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

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

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

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

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

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

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

- **Item B.6.i - Total number of Series:** 2

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

### Item B.8 - Directors

| Name                     | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|:---|:---|:---|
| Jane E. Trust            | Yes                     | 811-05497, 811-21337, 811-05802, 811-05635, 811-02351, 811-07513, 811-04527, 811-22294, 811-07920, 811-06110, 811-05346, 811-06190, 811-07237, 811-05740, 811-22369, 811-07121, 811-06444, 811-08709, 811-06629, 811-23408, 811-21128, 811-22546, 811-00653, 811-01403, 811-10603, 811-04052, 811-05977, 811-07626, 811-06740, 811-22338, 811-04616, 811-04524, 811-22491, 811-03630, 811-04528, 811-06128, 811-05452, 811-02280, 811-21598, 811-03897, 811-02675, 811-04254, 811-10407, 811-21477, 811-22334, 811-00058, 811-02742, 811-21467, 811-21343, 811-03386, 811-03741, 811-06310, 811-21403, 811-06506, 811-05498, 811-23643, 811-02608, 811-22444, 811-04518 |
| Jennifer Williams Murphy | No                      | 811-04527, 811-03741, 811-07626, 811-05977, 811-02280, 811-04518, 811-07121, 811-02675, 811-04528, 811-03897, 811-06190, 811-00058, 811-05635, 811-21598, 811-03386, 811-00653, 811-05346, 811-05452, 811-04616, 811-23643, 811-02608, 811-07237, 811-03630, 811-05802, 811-05740, 811-06128, 811-02742, 811-05498, 811-07513, 811-04524, 811-01403                                                                                                                                                                                                                                                                                                                     |
| Katinka Domotorffy       | No                      | 811-04524, 811-05635, 811-02675, 811-07121, 811-00058, 811-04616, 811-06190, 811-06128, 811-05498, 811-03897, 811-02742, 811-01403, 811-00653, 811-04527, 811-04528, 811-02608, 811-05740, 811-07626, 811-07513, 811-21598, 811-05977, 811-03386, 811-04518, 811-05346, 811-07237, 811-05802, 811-03630, 811-23643, 811-02280, 811-05452, 811-03741                                                                                                                                                                                                                                                                                                                     |
| Catharine Bond Hill      | No                      | 811-23643, 811-06190, 811-02608, 811-05346, 811-04528, 811-02742, 811-04524, 811-04616, 811-02280, 811-05498, 811-03741, 811-05452, 811-00058, 811-04518, 811-06128, 811-03386, 811-05802, 811-05635, 811-03630, 811-07513, 811-05977, 811-07121, 811-04527, 811-01403, 811-00653, 811-21598, 811-07237, 811-02675, 811-07626, 811-05740, 811-03897                                                                                                                                                                                                                                                                                                                     |
| Liaquat Ahamed           | No                      | 811-04527, 811-00058, 811-05346, 811-03897, 811-05802, 811-05977, 811-07121, 811-01403, 811-07626, 811-05740, 811-23643, 811-03741, 811-21598, 811-02675, 811-06128, 811-07237, 811-02742, 811-03386, 811-04518, 811-02608, 811-04616, 811-04528, 811-05498, 811-02280, 811-05635, 811-00653, 811-05452, 811-06190, 811-07513, 811-04524, 811-03630                                                                                                                                                                                                                                                                                                                     |
| Gregory G. McGreevey     | No                      | 811-04518, 811-05346, 811-07237, 811-05802, 811-02280, 811-03386, 811-06128, 811-05452, 811-03897, 811-05740, 811-02608, 811-07626, 811-02675, 811-23643, 811-06190, 811-21598, 811-04524, 811-04616, 811-02742, 811-07513, 811-05498, 811-05977, 811-03630, 811-07121, 811-01403, 811-00058, 811-05635, 811-04528, 811-04527, 811-03741, 811-00653                                                                                                                                                                                                                                                                                                                     |
| Manoj P. Singh           | No                      | 811-07513, 811-06128, 811-05635, 811-02280, 811-03897, 811-02675, 811-03386, 811-05740, 811-04528, 811-07626, 811-00058, 811-23643, 811-05498, 811-04524, 811-02608, 811-00653, 811-21598, 811-06190, 811-03630, 811-04527, 811-07237, 811-05346, 811-01403, 811-04616, 811-05977, 811-03741, 811-05452, 811-04518, 811-05802, 811-07121, 811-02742                                                                                                                                                                                                                                                                                                                     |
| George Putnam III        | No                      | 811-03630, 811-07121, 811-23643, 811-02675, 811-07626, 811-07513, 811-04527, 811-06128, 811-06190, 811-05452, 811-05977, 811-21598, 811-01403, 811-05346, 811-00653, 811-05740, 811-02280, 811-02742, 811-05498, 811-02608, 811-05635, 811-07237, 811-05802, 811-04616, 811-03897, 811-04518, 811-04524, 811-00058, 811-03386, 811-03741, 811-04528                                                                                                                                                                                                                                                                                                                     |
| Mona K. Sutphen          | No                      | 811-05802, 811-05498, 811-06190, 811-02675, 811-03897, 811-06128, 811-07237, 811-01403, 811-02742, 811-21598, 811-23643, 811-04616, 811-05977, 811-05740, 811-05346, 811-04518, 811-07626, 811-07513, 811-05452, 811-03630, 811-02608, 811-04528, 811-04527, 811-04524, 811-03386, 811-03741, 811-00653, 811-00058, 811-02280, 811-05635, 811-07121                                                                                                                                                                                                                                                                                                                     |
| Robert L. Reynolds       | Yes                     | 811-05346, 811-03741, 811-05740, 811-05635, 811-06128, 811-04524, 811-01403, 811-00058, 811-06190, 811-00653, 811-07513, 811-04518, 811-03630, 811-04616, 811-02608, 811-21598, 811-03386, 811-04528, 811-07237, 811-02742, 811-04527, 811-05977, 811-07626, 811-05802, 811-07121, 811-02280, 811-23643, 811-02675, 811-05498, 811-05452, 811-03897                                                                                                                                                                                                                                                                                                                     |
| Marie Pillai             | No                      | 811-07513, 811-05498, 811-05977, 811-02742, 811-02280, 811-03630, 811-02608, 811-04527, 811-05635, 811-02675, 811-05802, 811-03897, 811-23643, 811-01403, 811-04528, 811-03386, 811-21598, 811-07237, 811-00058, 811-05740, 811-06128, 811-05346, 811-00653, 811-04524, 811-07121, 811-06190, 811-03741, 811-04616, 811-07626, 811-05452, 811-04518                                                                                                                                                                                                                                                                                                                     |
| Barbara M. Baumann       | No                      | 811-03630, 811-07237, 811-04616, 811-02608, 811-05346, 811-05977, 811-04528, 811-05498, 811-07626, 811-04524, 811-01403, 811-06128, 811-05452, 811-21598, 811-02280, 811-05802, 811-05740, 811-00653, 811-03741, 811-04527, 811-06190, 811-05635, 811-03897, 811-07121, 811-00058, 811-02675, 811-23643, 811-07513, 811-02742, 811-04518, 811-03386                                                                                                                                                                                                                                                                                                                     |

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

**Chief compliance officer Record: 1**

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

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

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

- **d. City:** BOSTON

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

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

- **g. Zip code:** 02110

- **h. Telephone number:** XXXXXX

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

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

**CCO employer Record: 1**

- **i. Name of the person:** —

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

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

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

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

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

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

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

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

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

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

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

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

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

- **iii. CRD number:** 000000332

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

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

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

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

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

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

**Public accountant Record: 1**

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

- **b. PCAOB Number:** 238

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

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

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

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

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

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

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

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

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

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

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Putnam Strategic Intermediate Municipal Fund

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

- **a. Full Name of the Fund:** Putnam Strategic Intermediate Municipal Fund

- **b. Series identification number, if any:** S000003860

- **c. LEI:** Y2I12W6B1UC892MB6S50

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

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

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 1

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

|   Shares Outstanding Record | i. Full name of Class                                 | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | PUTNAM STRATEGIC INTERMEDIATE MUNICIPAL FUND CLASS R6 | C000202840                                | PAMLX                        |
|                           2 | PUTNAM STRATEGIC INTERMEDIATE MUNICIPAL FUND CLASS C  | C000010817                                | PAMTX                        |
|                           3 | PUTNAM STRATEGIC INTERMEDIATE MUNICIPAL FUND CLASS Y  | C000060535                                | PAMYX                        |
|                           4 | PUTNAM STRATEGIC INTERMEDIATE MUNICIPAL FUND CLASS A  | C000010819                                | PPNAX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

- **a. Is the Fund authorized to engage in securities lending transactions?** No

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

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

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

Did the Fund rely on the following rules?

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

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

- Rule 12d1-4 (17 CFR 270.12d1-4)

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

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

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

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

- **b. Were any expenses reduced or waived?** Yes

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000104517

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000111360

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000106629

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** IHS Markit Ltd.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138005LTLTVZ4WMEX25

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

**Pricing Services Record: 3**

- **i. Full name:** LSEG

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

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

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

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

**Pricing Services Record: 4**

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

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

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

**Custodians Record: 2**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

**Administrators Record: 2**

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

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

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

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

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

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

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

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

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $11,177.69

**Brokers Record: 2**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $16,274.29

**Aggregate Commission:** $27,451.98

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

| Name                             | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| FMSBONDS, INC.                   | 8-23280           |    000007793 | 549300TUTBK58NSF2517 | FL      | US        | $97,947,171.13            |
| J.P. Morgan Securities LLC       | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $419,191,076.52           |
| RBC Capital Markets, LLC         | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $481,336,853.40           |
| Morgan Stanley & Co. LLC         | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $170,321,656.88           |
| Wells Fargo Securities, LLC      | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $327,368,765.60           |
| Goldman Sachs & Co. LLC          | 8-00129           |    000000361 | FOR8UP27PHTHYVLBNG30 | NY      | US        | $248,565,684.35           |
| Raymond James & Associates, Inc. | 8-10999           |    000000705 | U4ONQX15J3RO8XCKE979 | FL      | US        | $347,834,667.62           |
| BofA Securities, Inc.            | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $361,475,164.74           |
| Barclays Capital, Inc.           | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $130,814,037.35           |
| Jefferies LLC                    | 8-15074           |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $186,942,629.80           |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $3,780,822,326.52

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

- **Item C.19.a - Fund's monthly average net assets:** $1,835,154,947.66

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 2 Name of institution:** DEUTSCHE BANK SECURITIES INC.

  - **Line Institutions Record: 3 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 4 Name of institution:** MORGAN STANLEY SENIOR FUNDING, INC.

  - **Line Institutions Record: 5 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 6 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 7 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 8 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 9 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 10 Name of institution:** CITIBANK, N.A.

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

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

| Name of fund                                                                                  | SEC File number   |
|:---|:---|
| Putnam Dynamic Asset Allocation Equity Fund                                                   | 811-07513         |
| Western Asset SMASh Series M Fund                                                             | 811-06740         |
| Franklin LifeSmart 2025 Retirement Target Fund                                                | 811-07851         |
| Franklin Templeton SMACS:  Series EM                                                          | 811-08226         |
| Franklin Mutual International Value Fund                                                      | 811-05387         |
| ClearBridge Variable Appreciation Portfolio                                                   | 811-21128         |
| Franklin High Yield Tax-Free Income Fund                                                      | 811-04149         |
| Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)                   | 811-05346         |
| Templeton Foreign VIP Fund                                                                    | 811-05583         |
| BrandywineGLOBAL - Corporate Credit Fund                                                      | 811-06444         |
| Franklin California High Yield Municipal Fund                                                 | 811-06481         |
| Putnam VT Sustainable Leaders Fund                                                            | 811-05346         |
| Putnam VT Global Asset Allocation Fund                                                        | 811-05346         |
| Franklin Federal Limited-Term Tax-Free Income Fund                                            | 811-04149         |
| Putnam Tax Exempt Income Fund                                                                 | 811-02675         |
| Franklin Income VIP Fund                                                                      | 811-05583         |
| Putnam Ultra Short Duration Income Fund                                                       | 811-07513         |
| ClearBridge Variable Small Cap Growth Portfolio                                               | 811-21128         |
| Putnam Short Duration Bond Fund                                                               | 811-07513         |
| Putnam ESG High Yield ETF                                                                     | 811-23643         |
| Franklin Multi-Asset Growth Fund                                                              | 811-06444         |
| Putnam Minnesota Tax Exempt Income Fund                                                       | 811-04527         |
| Putnam International Value Fund                                                               | 811-07513         |
| Franklin Growth Allocation Fund                                                               | 811-07851         |
| Western Asset Massachusetts Municipals Fund                                                   | 811-04254         |
| Western Asset SMASh Series C Fund                                                             | 811-06740         |
| Templeton Global Balanced Fund                                                                | 811-08226         |
| Putnam VT George Putnam Balanced Fund                                                         | 811-05346         |
| Western Asset SMASh Series TF Fund                                                            | 811-06740         |
| Templeton Global Bond Fund                                                                    | 811-04706         |
| Franklin International Equity Fund (fka QS International Equity Fund)                         | 811-22338         |
| Putnam Mortgage Securities Fund                                                               | 811-03897         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                                       | 811-04149         |
| Franklin Low Duration U.S. Government Securities Fund                                         | 811-04986         |
| Franklin Templeton SMACS:  Series E                                                           | 811-06243         |
| Templeton Growth Fund, Inc.                                                                   | 811-04892         |
| Putnam Money Market Fund                                                                      | 811-02608         |
| Franklin Mutual Shares VIP Fund                                                               | 811-05583         |
| Putnam VT Research Fund                                                                       | 811-05346         |
| Putnam Ohio Tax Exempt Income Fund                                                            | 811-04528         |
| Western Asset Bond ETF                                                                        | 811-23124         |
| Franklin Templeton SMACS:  Series H                                                           | 811-06243         |
| Franklin Corefolio Allocation Fund                                                            | 811-07851         |
| Franklin Growth and Income VIP Fund                                                           | 811-05583         |
| Franklin LifeSmart 2055 Retirement Target Fund                                                | 811-07851         |
| Franklin Multi-Asset Conservative Growth Fund                                                 | 811-06444         |
| ClearBridge Variable Growth Portfolio                                                         | 811-21128         |
| Franklin Oregon Tax-Free Income Fund                                                          | 811-04149         |
| Franklin Templeton Conservative Model Portfolio                                               | 811-21128         |
| Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)                         | 811-07237         |
| Putnam VT Small Cap Growth Fund                                                               | 811-05346         |
| Putnam BioRevolution ETF                                                                      | 811-23643         |
| Franklin Senior Loan ETF                                                                      | 811-23124         |
| ClearBridge International Value Fund                                                          | 811-06444         |
| Franklin Multi-Asset Moderate Growth Fund                                                     | 811-06444         |
| Putnam Focused Equity Fund                                                                    | 811-07513         |
| Franklin Income Fund                                                                          | 811-00537         |
| Templeton Emerging Markets Small Cap Fund                                                     | 811-08226         |
| Franklin LifeSmart 2020 Retirement Target Fund                                                | 811-07851         |
| Western Asset New Jersey Municipals Fund                                                      | 811-04254         |
| Western Asset Long Credit VIT                                                                 | 811-06310         |
| Putnam Dynamic Asset Allocation Conservative Fund                                             | 811-07121         |
| Western Asset Intermediate-Term Municipals Fund                                               | 811-04254         |
| International Equity Series                                                                   | 811-06135         |
| Franklin Rising Dividends Fund                                                                | 811-04894         |
| Franklin Templeton Moderate Model Portfolio                                                   | 811-21128         |
| ClearBridge Large Cap Value Fund                                                              | 811-06444         |
| Putnam Short-Term Municipal Income Fund                                                       | 811-07513         |
| Franklin Emerging Market Debt Opportunities Fund                                              | 811-10157         |
| Franklin Large Cap Growth VIP Fund                                                            | 811-05583         |
| Putnam Emerging Markets Ex-China ETF                                                          | 811-23643         |
| Putnam Global Income Trust                                                                    | 811-04524         |
| Templeton Global Smaller Companies Fund                                                       | 811-03143         |
| Putnam VT Diversified Income Fund                                                             | 811-05346         |
| ClearBridge Sustainability Leaders Fund                                                       | 811-06444         |
| Franklin Multi-Asset Variable Conservative Growth Fund                                        | 811-21128         |
| Franklin Alabama Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Tax-Free High Yield Fund                                                               | 811-04345         |
| Putnam ESG Core Bond ETF                                                                      | 811-23643         |
| Putnam Massachusetts Tax Exempt Income Fund                                                   | 811-04518         |
| Franklin California Intermediate-Term Tax-Free Income Fund                                    | 811-04356         |
| Putnam Intermediate-Term Municipal Income Fund                                                | 811-07513         |
| Franklin Global Real Estate VIP Fund                                                          | 811-05583         |
| Putnam Focused International Equity Fund                                                      | 811-01403         |
| Western Asset Intermediate Bond Fund                                                          | 811-06110         |
| Putnam VT High Yield Fund                                                                     | 811-05346         |
| Putnam Income Fund                                                                            | 811-00653         |
| Franklin Total Return Fund                                                                    | 811-04986         |
| Franklin Long Duration Credit Fund                                                            | 811-04986         |
| Franklin Virginia Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Rising Dividends VIP Fund                                                            | 811-05583         |
| Putnam BDC Income ETF                                                                         | 811-23643         |
| Franklin Multi-Asset Variable Moderate Growth Fund                                            | 811-21128         |
| Western Asset Intermediate Maturity New York Municipals Fund                                  | 811-04254         |
| Franklin Ohio Tax-Free Income Fund                                                            | 811-04149         |
| Western Asset SMASh Series Core Completion Fund                                               | 811-06740         |
| Franklin LifeSmart 2030 Retirement Target Fund                                                | 811-07851         |
| Franklin High Income Fund                                                                     | 811-01608         |
| ClearBridge Dividend Strategy Fund                                                            | 811-06444         |
| Franklin LifeSmart 2060 Retirement Target Fund                                                | 811-07851         |
| Western Asset Corporate Bond Fund                                                             | 811-04254         |
| Franklin Global Allocation Fund                                                               | 811-07851         |
| Putnam Focused Large Cap Value ETF                                                            | 811-23643         |
| Franklin Real Estate Securities Fund                                                          | 811-08034         |
| Franklin DynaTech Fund                                                                        | 811-00537         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                                               | 811-23643         |
| Franklin Mutual Global Discovery VIP Fund                                                     | 811-05583         |
| Franklin Georgia Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Global Health Care Fund                                                                | 811-03386         |
| Templeton Global Bond VIP Fund                                                                | 811-05583         |
| Franklin Louisiana Tax-Free Income Fund                                                       | 811-04149         |
| Franklin Strategic Income VIP Fund                                                            | 811-05583         |
| Putnam Convertible Securities Fund                                                            | 811-02280         |
| ClearBridge Large Cap Growth Fund                                                             | 811-06444         |
| Franklin S&P 500 Index Fund                                                                   | 811-06444         |
| George Putnam Balanced Fund                                                                   | 811-00058         |
| Western Asset Oregon Municipals Fund                                                          | 811-04254         |
| Putnam High Yield Fund                                                                        | 811-04616         |
| BrandywineGLOBAL - High Yield Fund                                                            | 811-06444         |
| Franklin Biotechnology Discovery Fund                                                         | 811-06243         |
| Franklin U.S. Large Cap Equity Fund                                                           | 811-06444         |
| Templeton Growth VIP Fund                                                                     | 811-05583         |
| BrandywineGLOBAL - Flexible Bond Fund                                                         | 811-22338         |
| Franklin Floating Rate Daily Access Fund                                                      | 811-04986         |
| Franklin Floating Rate Master Series                                                          | 811-09869         |
| Franklin Small Cap Value Fund                                                                 | 811-05878         |
| Putnam VT Emerging Markets Equity Fund                                                        | 811-05346         |
| Putnam Mortgage Opportunities Fund                                                            | 811-07513         |
| Franklin Managed Income Fund                                                                  | 811-04986         |
| Franklin Templeton Moderately Conservative Model Portfolio                                    | 811-21128         |
| Templeton Global Total Return Fund                                                            | 811-04706         |
| ClearBridge Mid Cap Fund                                                                      | 811-06444         |
| Franklin Convertible Securities Fund                                                          | 811-04986         |
| Franklin Small-Mid Cap Growth Fund                                                            | 811-06243         |
| BrandywineGLOBAL - Alternative Credit Fund                                                    | 811-22338         |
| Templeton Foreign Fund                                                                        | 811-02781         |
| Putnam VT Global Health Care Fund                                                             | 811-05346         |
| Putnam Sustainable Leaders ETF                                                                | 811-23643         |
| Franklin DynaTech VIP Fund                                                                    | 811-05583         |
| ClearBridge Value Fund                                                                        | 811-22338         |
| Franklin LifeSmart 2040 Retirement Target Fund                                                | 811-07851         |
| Templeton Sustainable Emerging Markets Bond Fund                                              | 811-04706         |
| Franklin Growth Fund                                                                          | 811-00537         |
| Franklin LifeSmart Retirement Income Fund                                                     | 811-07851         |
| Putnam Focused Large Cap Growth ETF                                                           | 811-23643         |
| ClearBridge Variable Large Cap Growth Portfolio                                               | 811-21128         |
| Franklin Multi-Asset Defensive Growth Fund                                                    | 811-06444         |
| Templeton Developing Markets Trust                                                            | 811-06378         |
| Putnam Global Technology Fund                                                                 | 811-07513         |
| Templeton World Fund                                                                          | 811-02781         |
| Putnam International Capital Opportunities Fund                                               | 811-07237         |
| Franklin Michigan Tax-Free Income Fund                                                        | 811-04149         |
| Putnam Research Fund                                                                          | 811-07237         |
| Western Asset Variable Global High Yield Bond Portfolio                                       | 811-06310         |
| ClearBridge Mid Cap Growth Fund                                                               | 811-06444         |
| Franklin Low Duration Total Return Fund                                                       | 811-04986         |
| Franklin Federal Tax-Free Income Fund                                                         | 811-03395         |
| Templeton Developing Markets VIP Fund                                                         | 811-05583         |
| Putnam ESG Ultra Short ETF                                                                    | 811-23643         |
| Martin Currie Emerging Markets Fund                                                           | 811-22338         |
| Western Asset Intermediate Maturity California Municipals Fund                                | 811-04254         |
| Putnam Government Money Market Fund                                                           | 811-07237         |
| Putnam VT Large Cap Value Fund                                                                | 811-05346         |
| ClearBridge Small Cap Fund                                                                    | 811-22338         |
| Franklin Mutual Small-Mid Cap Value Fund                                                      | 811-05878         |
| Putnam Small Cap Growth Fund                                                                  | 811-07513         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund)                        | 811-07513         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)                                    | 811-07513         |
| Putnam Sustainable Future Fund                                                                | 811-07237         |
| Franklin New Jersey Tax-Free Income Fund                                                      | 811-04149         |
| Franklin Pennsylvania Tax-Free Income Fund                                                    | 811-04149         |
| Franklin Mutual U.S. Mid Cap Value Fund                                                       | 811-05878         |
| Franklin LifeSmart 2050 Retirement Target Fund                                                | 811-07851         |
| Putnam New York Tax Exempt Income Fund                                                        | 811-03741         |
| Franklin Missouri Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Utilities Fund                                                                       | 811-00537         |
| Franklin Gold and Precious Metals Fund                                                        | 811-01700         |
| Franklin Connecticut Tax-Free Income Fund                                                     | 811-04149         |
| ClearBridge Growth Fund                                                                       | 811-06444         |
| Franklin Colorado Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Multi-Asset Variable Growth Fund                                                     | 811-21128         |
| Western Asset Core Plus VIT Portfolio                                                         | 811-06310         |
| Western Asset SMASh Series Core Plus Completion                                               | 811-06740         |
| Franklin New York Tax-Free Income Fund                                                        | 811-03479         |
| Putnam Ultra Short MAC Series                                                                 | 811-07513         |
| Western Asset Short Duration Income ETF                                                       | 811-23096         |
| Franklin New York Intermediate-Term Tax-Free Income Fund                                      | 811-04787         |
| Putnam Emerging Markets Equity Fund                                                           | 811-07513         |
| Western Asset Short Duration High Income Fund                                                 | 811-04254         |
| Franklin High Yield Corporate ETF                                                             | 811-23124         |
| Putnam Small Cap Value Fund                                                                   | 811-07237         |
| Putnam Diversified Income Trust                                                               | 811-05635         |
| ClearBridge Select Fund                                                                       | 811-06444         |
| Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)              | 811-05583         |
| Franklin Small Cap Value VIP Fund                                                             | 811-05583         |
| Franklin Strategic Mortgage Portfolio                                                         | 811-07288         |
| Franklin California Tax-Free Income Fund                                                      | 811-02790         |
| Franklin U.S. Government Securities VIP Fund                                                  | 811-05583         |
| Putnam International Equity Fund                                                              | 811-06190         |
| Western Asset New York Municipals Fund                                                        | 811-04254         |
| Franklin Growth Opportunities Fund                                                            | 811-06243         |
| Western Asset Inflation Indexed Plus Bond Fund                                                | 811-06110         |
| Western Asset Income Fund                                                                     | 811-04254         |
| Putnam Multi-Asset Income Fund                                                                | 811-07121         |
| Western Asset Short-Term Bond Fund                                                            | 811-04254         |
| Western Asset Pennsylvania Municipals Fund                                                    | 811-04254         |
| Putnam Large Cap Value Fund                                                                   | 811-02742         |
| Franklin Equity Income Fund                                                                   | 811-04986         |
| Putnam VT International Equity Fund                                                           | 811-05346         |
| Western Asset Managed Municipals Fund                                                         | 811-04254         |
| Franklin Minnesota Tax-Free Income Fund                                                       | 811-04149         |
| ClearBridge Variable Dividend Strategy Portfolio                                              | 811-21128         |
| Franklin Natural Resources Fund                                                               | 811-06243         |
| Putnam Dynamic Asset Allocation Balanced Fund                                                 | 811-07121         |
| Western Asset High Yield Fund                                                                 | 811-06110         |
| Franklin International Growth Fund                                                            | 811-10157         |
| Franklin Mutual Shares Fund                                                                   | 811-05387         |
| Franklin U.S. Government Securities Fund                                                      | 811-00537         |
| Franklin Small Cap Growth Fund                                                                | 811-06243         |
| ClearBridge Appreciation Fund                                                                 | 811-06444         |
| Putnam New Jersey Tax Exempt Income Fund                                                      | 811-05977         |
| Putnam PanAgora ESG International Equity ETF                                                  | 811-23643         |
| Western Asset Ultra-Short Income Fund                                                         | 811-04254         |
| ClearBridge Variable Large Cap Value Portfolio                                                | 811-21128         |
| Putnam VT Sustainable Future Fund                                                             | 811-05346         |
| ClearBridge Small Cap Growth Fund                                                             | 811-06444         |
| Templeton International Bond Fund                                                             | 811-04706         |
| Putnam VT Government Money Market Fund                                                        | 811-05346         |
| Putnam Sustainable Future ETF                                                                 | 811-23643         |
| Franklin Massachusetts Tax-Free Income Fund                                                   | 811-04149         |
| Franklin Global Equity Fund                                                                   | 811-06444         |
| Franklin Mutual Beacon Fund                                                                   | 811-05387         |
| Franklin Templeton Aggressive Model Portfolio                                                 | 811-21128         |
| Putnam VT International Value Fund                                                            | 811-05346         |
| Western Asset Mortgage Total Return Fund                                                      | 811-04254         |
| Western Asset Core Bond Fund                                                                  | 811-06110         |
| Putnam California Tax Exempt Income Fund                                                      | 811-03630         |
| Franklin Conservative Allocation Fund                                                         | 811-07851         |
| Western Asset California Municipals Fund                                                      | 811-04254         |
| Putnam VT Small Cap Value Fund                                                                | 811-05346         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                                        | 811-22338         |
| Putnam Pennsylvania Tax Exempt Income Fund                                                    | 811-05802         |
| Western Asset Core Plus Bond Fund                                                             | 811-06110         |
| Franklin LifeSmart 2045 Retirement Target Fund                                                | 811-07851         |
| Franklin Maryland Tax-Free Income Fund                                                        | 811-04149         |
| Foreign Smaller Companies Series                                                              | 811-06135         |
| Franklin Templeton SMACS:  Series I                                                           | 811-06243         |
| Western Asset Municipal High Income Fund                                                      | 811-04254         |
| Franklin Templeton Moderately Aggressive Model Portfolio                                      | 811-21128         |
| Western Asset Total Return ETF                                                                | 811-23096         |
| Franklin Arizona Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Floating Rate Income Fund                                                              | 811-07513         |
| Martin Currie SMASh Series EM Fund                                                            | 811-22338         |
| Putnam VT Income Fund                                                                         | 811-05346         |
| Putnam Dynamic Asset Allocation Growth Fund                                                   | 811-07121         |
| Putnam VT Mortgage Securities Fund                                                            | 811-05346         |
| Franklin Templeton SMACS:  Series CH                                                          | 811-06243         |
| Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund) | 811-22338         |
| Franklin Moderate Allocation Fund                                                             | 811-07851         |
| ClearBridge Tactical Dividend Income Fund                                                     | 811-06444         |
| ClearBridge Variable Mid Cap Portfolio                                                        | 811-21128         |
| Western Asset Short Duration Municipal Income Fund                                            | 811-04254         |
| Western Asset Total Return Unconstrained Fund                                                 | 811-06110         |
| Putnam Sustainable Leaders Fund                                                               | 811-06128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                                             | 811-22338         |
| K2 Alternative Strategies Fund                                                                | 811-22641         |
| Franklin Small-Mid Cap Growth VIP Fund                                                        | 811-05583         |
| ClearBridge International Growth Fund                                                         | 811-22338         |
| Franklin Core Plus Bond Fund                                                                  | 811-06243         |
| Franklin Mutual Global Discovery Fund                                                         | 811-05387         |
| BrandywineGLOBAL - Global Opportuniites Bond Fund                                             | 811-22338         |
| Franklin North Carolina Tax-Free Income Fund                                                  | 811-04149         |
| Franklin VolSmart Allocation VIP Fund                                                         | 811-05583         |
| Franklin LifeSmart 2035 Retirement Target Fund                                                | 811-07851         |
| Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)                              | 811-05346         |
| Franklin Mutual Quest Fund                                                                    | 811-05387         |
| ClearBridge Global Infrastructure Income Fund                                                 | 811-22338         |
| Putnam VT Focused International Equity Fund                                                   | 811-05346         |

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

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

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

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

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

### Management Investment Record: 2 - Putnam Tax Free High Yield Fund

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

- **a. Full Name of the Fund:** Putnam Tax Free High Yield Fund

- **b. Series identification number, if any:** S000003861

- **c. LEI:** GHIM2ZY9C5VFZ759VN46

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

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

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

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

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 1

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

|   Shares Outstanding Record | i. Full name of Class            | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | PUTNAM TAX FREE HIGH YIELD CL A  | C000010822                                | PTHAX                        |
|                           2 | PUTNAM TAX FREE HIGH YLD CLASS C | C000010821                                | PTCCX                        |
|                           3 | PUTNAM TAX FREE HIGH YIELD CL Y  | C000060536                                | PTFYX                        |
|                           4 | PUTNAM TAX FREE HIGH YIELD CL R6 | C000202841                                | PTFRX                        |

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

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

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

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

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

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

- [x] N/A

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

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

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

- **a. Is the Fund authorized to engage in securities lending transactions?** No

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

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

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

Did the Fund rely on the following rules?

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

- Rule 12d1-4 (17 CFR 270.12d1-4)

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

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

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

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

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

- **b. Were any expenses reduced or waived?** Yes

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

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

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

**Investment Advisers Record: 1**

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

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

- **iii. CRD number:** 000104517

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

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

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

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

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

**Sub-adviser Record: 1**

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

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

- **iii. CRD number:** 000111360

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

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

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

**Sub-adviser Record: 2**

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

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

- **iii. CRD number:** 000106629

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

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

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

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

**Transfer Agents Record: 1**

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

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

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

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

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

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

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

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

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

**Pricing Services Record: 1**

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

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

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

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

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

**Pricing Services Record: 2**

- **i. Full name:** LSEG

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

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

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

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

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

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

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

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

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

**Item C.12. Custodians.**

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

**Custodians Record: 1**

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

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

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

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

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

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

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

**Custodians Record: 2**

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

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

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

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

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

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

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

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

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

**Shareholder Servicing Agents Record: 1**

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

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

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

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

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

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

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

**Item C.14. Administrators.**

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

**Administrators Record: 1**

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

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

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

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

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

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

**Administrators Record: 2**

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

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

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

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

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

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

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

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

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $894.30

**Brokers Record: 2**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

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

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

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,089.06

**Aggregate Commission:** $2,983.36

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

| Name                                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| FMSBONDS, INC.                           | 8-23280           |    000007793 | 549300TUTBK58NSF2517 | FL      | US        | $48,074,383.88            |
| Stifel, Nicolaus & Company, Incorporated | 8-01447           |    000000793 | 5WUVMA08EYG4KEUPW589 | MO      | US        | $32,413,421.08            |
| BofA Securities, Inc.                    | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $42,168,276.12            |
| Piper Sandler & Co.                      | 8-15204           |    000000665 | 549300GRQCWQ3XGH0H10 | MN      | US        | $26,976,165.15            |
| Wells Fargo Securities, LLC              | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $47,388,530.37            |
| Jefferies LLC                            | 8-15074           |    000002347 | 58PU97L1C0WSRCWADL48 | NY      | US        | $37,013,013.15            |
| J.P. Morgan Securities LLC               | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $95,992,898.28            |
| Morgan Stanley & Co. LLC                 | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $28,301,848.97            |
| Barclays Capital, Inc.                   | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $32,832,098.40            |
| RBC Capital Markets, LLC                 | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $50,846,535.50            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $640,875,837.57

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

- **Item C.19.a - Fund's monthly average net assets:** $670,825,230.06

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

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

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

**Line of Credit details Record: 1**

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

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

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

  - **Line Institutions Record: 1 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 2 Name of institution:** HSBC BANK USA, N.A.

  - **Line Institutions Record: 3 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 4 Name of institution:** DEUTSCHE BANK SECURITIES INC.

  - **Line Institutions Record: 5 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 6 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 7 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 8 Name of institution:** MORGAN STANLEY SENIOR FUNDING, INC.

  - **Line Institutions Record: 9 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 10 Name of institution:** JPMORGAN CHASE BANK, N.A.

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

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

| Name of fund                                                                                  | SEC File number   |
|:---|:---|
| BrandywineGLOBAL - Alternative Credit Fund                                                    | 811-22338         |
| Franklin U.S. Large Cap Equity Fund                                                           | 811-06444         |
| Templeton Global Total Return Fund                                                            | 811-04706         |
| Putnam VT Global Asset Allocation Fund                                                        | 811-05346         |
| Franklin Small Cap Growth Fund                                                                | 811-06243         |
| Western Asset Income Fund                                                                     | 811-04254         |
| Putnam Strategic Intermediate Municipal Fund                                                  | 811-04345         |
| ClearBridge Large Cap Growth Fund                                                             | 811-06444         |
| Putnam Government Money Market Fund                                                           | 811-07237         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund)                        | 811-07513         |
| ClearBridge Variable Large Cap Value Portfolio                                                | 811-21128         |
| Franklin Income VIP Fund                                                                      | 811-05583         |
| Franklin LifeSmart 2045 Retirement Target Fund                                                | 811-07851         |
| Franklin High Income Fund                                                                     | 811-01608         |
| Putnam Pennsylvania Tax Exempt Income Fund                                                    | 811-05802         |
| ClearBridge Variable Mid Cap Portfolio                                                        | 811-21128         |
| Franklin Total Return Fund                                                                    | 811-04986         |
| Putnam Global Health Care Fund                                                                | 811-03386         |
| Western Asset Ultra-Short Income Fund                                                         | 811-04254         |
| Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)                   | 811-05346         |
| Putnam New Jersey Tax Exempt Income Fund                                                      | 811-05977         |
| ClearBridge Mid Cap Fund                                                                      | 811-06444         |
| Franklin Growth Allocation Fund                                                               | 811-07851         |
| Putnam PanAgora ESG International Equity ETF                                                  | 811-23643         |
| Franklin California Intermediate-Term Tax-Free Income Fund                                    | 811-04356         |
| Templeton Global Bond VIP Fund                                                                | 811-05583         |
| ClearBridge Variable Growth Portfolio                                                         | 811-21128         |
| ClearBridge International Value Fund                                                          | 811-06444         |
| Putnam VT Emerging Markets Equity Fund                                                        | 811-05346         |
| Franklin Income Fund                                                                          | 811-00537         |
| Putnam VT International Value Fund                                                            | 811-05346         |
| Putnam Sustainable Future Fund                                                                | 811-07237         |
| ClearBridge Mid Cap Growth Fund                                                               | 811-06444         |
| Western Asset SMASh Series TF Fund                                                            | 811-06740         |
| Franklin U.S. Government Securities Fund                                                      | 811-00537         |
| Putnam Income Fund                                                                            | 811-00653         |
| Putnam BioRevolution ETF                                                                      | 811-23643         |
| ClearBridge Variable Large Cap Growth Portfolio                                               | 811-21128         |
| BrandywineGLOBAL - Global Opportuniites Bond Fund                                             | 811-22338         |
| Western Asset Pennsylvania Municipals Fund                                                    | 811-04254         |
| Franklin Mutual U.S. Mid Cap Value Fund                                                       | 811-05878         |
| Franklin New York Intermediate-Term Tax-Free Income Fund                                      | 811-04787         |
| Franklin Utilities Fund                                                                       | 811-00537         |
| ClearBridge Appreciation Fund                                                                 | 811-06444         |
| Putnam Dynamic Asset Allocation Growth Fund                                                   | 811-07121         |
| Putnam Sustainable Leaders ETF                                                                | 811-23643         |
| Templeton International Bond Fund                                                             | 811-04706         |
| Putnam Short-Term Municipal Income Fund                                                       | 811-07513         |
| Franklin Federal Tax-Free Income Fund                                                         | 811-03395         |
| Putnam Focused Equity Fund                                                                    | 811-07513         |
| ClearBridge Variable Small Cap Growth Portfolio                                               | 811-21128         |
| Western Asset SMASh Series Core Completion Fund                                               | 811-06740         |
| Martin Currie SMASh Series EM Fund                                                            | 811-22338         |
| Templeton Foreign VIP Fund                                                                    | 811-05583         |
| Franklin Small-Mid Cap Growth VIP Fund                                                        | 811-05583         |
| Templeton World Fund                                                                          | 811-02781         |
| Franklin Templeton SMACS:  Series H                                                           | 811-06243         |
| Putnam Ultra Short MAC Series                                                                 | 811-07513         |
| BrandywineGLOBAL - Flexible Bond Fund                                                         | 811-22338         |
| Putnam VT Global Health Care Fund                                                             | 811-05346         |
| Western Asset Core Bond Fund                                                                  | 811-06110         |
| Putnam Short Duration Bond Fund                                                               | 811-07513         |
| Franklin Connecticut Tax-Free Income Fund                                                     | 811-04149         |
| Franklin Strategic Income VIP Fund                                                            | 811-05583         |
| Franklin Senior Loan ETF                                                                      | 811-23124         |
| Franklin Maryland Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Templeton SMACS:  Series CH                                                          | 811-06243         |
| Templeton Global Balanced Fund                                                                | 811-08226         |
| Western Asset Intermediate-Term Municipals Fund                                               | 811-04254         |
| Templeton Foreign Fund                                                                        | 811-02781         |
| Franklin Georgia Tax-Free Income Fund                                                         | 811-04149         |
| Foreign Smaller Companies Series                                                              | 811-06135         |
| Franklin Pennsylvania Tax-Free Income Fund                                                    | 811-04149         |
| Franklin High Yield Corporate ETF                                                             | 811-23124         |
| Franklin Multi-Asset Defensive Growth Fund                                                    | 811-06444         |
| Putnam International Equity Fund                                                              | 811-06190         |
| Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)              | 811-05583         |
| Franklin Arizona Tax-Free Income Fund                                                         | 811-04149         |
| Templeton Developing Markets Trust                                                            | 811-06378         |
| Franklin Growth and Income VIP Fund                                                           | 811-05583         |
| Franklin DynaTech VIP Fund                                                                    | 811-05583         |
| Western Asset Short-Term Bond Fund                                                            | 811-04254         |
| Franklin Louisiana Tax-Free Income Fund                                                       | 811-04149         |
| Templeton Global Bond Fund                                                                    | 811-04706         |
| Western Asset New Jersey Municipals Fund                                                      | 811-04254         |
| Franklin Mutual Shares VIP Fund                                                               | 811-05583         |
| Franklin North Carolina Tax-Free Income Fund                                                  | 811-04149         |
| Franklin LifeSmart 2020 Retirement Target Fund                                                | 811-07851         |
| Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)                              | 811-05346         |
| Western Asset Corporate Bond Fund                                                             | 811-04254         |
| Putnam VT Research Fund                                                                       | 811-05346         |
| Templeton Emerging Markets Small Cap Fund                                                     | 811-08226         |
| Franklin International Growth Fund                                                            | 811-10157         |
| Putnam Minnesota Tax Exempt Income Fund                                                       | 811-04527         |
| Franklin Low Duration U.S. Government Securities Fund                                         | 811-04986         |
| Franklin Oregon Tax-Free Income Fund                                                          | 811-04149         |
| Putnam Dynamic Asset Allocation Conservative Fund                                             | 811-07121         |
| Franklin Floating Rate Master Series                                                          | 811-09869         |
| Franklin Emerging Market Debt Opportunities Fund                                              | 811-10157         |
| ClearBridge International Growth Fund                                                         | 811-22338         |
| Putnam Research Fund                                                                          | 811-07237         |
| Franklin U.S. Government Securities VIP Fund                                                  | 811-05583         |
| ClearBridge Global Infrastructure Income Fund                                                 | 811-22338         |
| Franklin Multi-Asset Variable Moderate Growth Fund                                            | 811-21128         |
| Franklin Core Plus Bond Fund                                                                  | 811-06243         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                                               | 811-23643         |
| Franklin Virginia Tax-Free Income Fund                                                        | 811-04149         |
| Western Asset Total Return Unconstrained Fund                                                 | 811-06110         |
| Western Asset Long Credit VIT                                                                 | 811-06310         |
| Putnam VT International Equity Fund                                                           | 811-05346         |
| Putnam VT Diversified Income Fund                                                             | 811-05346         |
| Franklin Global Equity Fund                                                                   | 811-06444         |
| Western Asset California Municipals Fund                                                      | 811-04254         |
| Putnam Sustainable Leaders Fund                                                               | 811-06128         |
| Franklin LifeSmart 2060 Retirement Target Fund                                                | 811-07851         |
| Franklin High Yield Tax-Free Income Fund                                                      | 811-04149         |
| ClearBridge Large Cap Value Fund                                                              | 811-06444         |
| Putnam High Yield Fund                                                                        | 811-04616         |
| Franklin Multi-Asset Variable Growth Fund                                                     | 811-21128         |
| Franklin LifeSmart 2035 Retirement Target Fund                                                | 811-07851         |
| Putnam VT Sustainable Leaders Fund                                                            | 811-05346         |
| Franklin DynaTech Fund                                                                        | 811-00537         |
| Franklin Templeton Moderately Conservative Model Portfolio                                    | 811-21128         |
| Putnam VT Small Cap Value Fund                                                                | 811-05346         |
| Western Asset Short Duration High Income Fund                                                 | 811-04254         |
| ClearBridge Select Fund                                                                       | 811-06444         |
| Franklin Growth Fund                                                                          | 811-00537         |
| Putnam Dynamic Asset Allocation Balanced Fund                                                 | 811-07121         |
| Western Asset Inflation Indexed Plus Bond Fund                                                | 811-06110         |
| Putnam VT Sustainable Future Fund                                                             | 811-05346         |
| Franklin Mutual Quest Fund                                                                    | 811-05387         |
| Franklin Alabama Tax-Free Income Fund                                                         | 811-04149         |
| Franklin Managed Income Fund                                                                  | 811-04986         |
| Franklin Mutual International Value Fund                                                      | 811-05387         |
| Franklin LifeSmart 2030 Retirement Target Fund                                                | 811-07851         |
| Western Asset Mortgage Total Return Fund                                                      | 811-04254         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)                                    | 811-07513         |
| Franklin Corefolio Allocation Fund                                                            | 811-07851         |
| BrandywineGLOBAL - Corporate Credit Fund                                                      | 811-06444         |
| Templeton Global Smaller Companies Fund                                                       | 811-03143         |
| ClearBridge Value Fund                                                                        | 811-22338         |
| Franklin Small Cap Value VIP Fund                                                             | 811-05583         |
| Franklin Rising Dividends VIP Fund                                                            | 811-05583         |
| Franklin LifeSmart 2040 Retirement Target Fund                                                | 811-07851         |
| Franklin Strategic Mortgage Portfolio                                                         | 811-07288         |
| Putnam ESG Core Bond ETF                                                                      | 811-23643         |
| Franklin Templeton Moderate Model Portfolio                                                   | 811-21128         |
| Putnam ESG High Yield ETF                                                                     | 811-23643         |
| Western Asset SMASh Series Core Plus Completion                                               | 811-06740         |
| Western Asset New York Municipals Fund                                                        | 811-04254         |
| Putnam International Value Fund                                                               | 811-07513         |
| Franklin California High Yield Municipal Fund                                                 | 811-06481         |
| Putnam International Capital Opportunities Fund                                               | 811-07237         |
| Western Asset Municipal High Income Fund                                                      | 811-04254         |
| Western Asset Core Plus VIT Portfolio                                                         | 811-06310         |
| Franklin LifeSmart 2025 Retirement Target Fund                                                | 811-07851         |
| Franklin Ohio Tax-Free Income Fund                                                            | 811-04149         |
| Western Asset Short Duration Income ETF                                                       | 811-23096         |
| Franklin VolSmart Allocation VIP Fund                                                         | 811-05583         |
| Franklin Multi-Asset Growth Fund                                                              | 811-06444         |
| BrandywineGLOBAL - High Yield Fund                                                            | 811-06444         |
| ClearBridge Small Cap Growth Fund                                                             | 811-06444         |
| ClearBridge Variable Appreciation Portfolio                                                   | 811-21128         |
| Putnam ESG Ultra Short ETF                                                                    | 811-23643         |
| Western Asset Massachusetts Municipals Fund                                                   | 811-04254         |
| Putnam VT Government Money Market Fund                                                        | 811-05346         |
| Putnam VT Small Cap Growth Fund                                                               | 811-05346         |
| Franklin Real Estate Securities Fund                                                          | 811-08034         |
| Franklin LifeSmart Retirement Income Fund                                                     | 811-07851         |
| Franklin Mutual Small-Mid Cap Value Fund                                                      | 811-05878         |
| Putnam Global Technology Fund                                                                 | 811-07513         |
| Franklin Mutual Global Discovery VIP Fund                                                     | 811-05583         |
| Franklin Missouri Tax-Free Income Fund                                                        | 811-04149         |
| George Putnam Balanced Fund                                                                   | 811-00058         |
| Franklin Small Cap Value Fund                                                                 | 811-05878         |
| Putnam Global Income Trust                                                                    | 811-04524         |
| Templeton Growth Fund, Inc.                                                                   | 811-04892         |
| Templeton Growth VIP Fund                                                                     | 811-05583         |
| Putnam BDC Income ETF                                                                         | 811-23643         |
| Putnam VT Mortgage Securities Fund                                                            | 811-05346         |
| Franklin LifeSmart 2050 Retirement Target Fund                                                | 811-07851         |
| Putnam Large Cap Value Fund                                                                   | 811-02742         |
| ClearBridge Dividend Strategy Fund                                                            | 811-06444         |
| Putnam Focused Large Cap Value ETF                                                            | 811-23643         |
| Putnam California Tax Exempt Income Fund                                                      | 811-03630         |
| Franklin Multi-Asset Conservative Growth Fund                                                 | 811-06444         |
| Putnam Money Market Fund                                                                      | 811-02608         |
| Templeton Developing Markets VIP Fund                                                         | 811-05583         |
| Franklin International Equity Fund (fka QS International Equity Fund)                         | 811-22338         |
| Franklin California Tax-Free Income Fund                                                      | 811-02790         |
| Putnam Tax Exempt Income Fund                                                                 | 811-02675         |
| Western Asset Oregon Municipals Fund                                                          | 811-04254         |
| Putnam Ohio Tax Exempt Income Fund                                                            | 811-04528         |
| ClearBridge Sustainability Leaders Fund                                                       | 811-06444         |
| Putnam New York Tax Exempt Income Fund                                                        | 811-03741         |
| Franklin Federal Limited-Term Tax-Free Income Fund                                            | 811-04149         |
| Putnam Emerging Markets Equity Fund                                                           | 811-07513         |
| Putnam Diversified Income Trust                                                               | 811-05635         |
| Putnam VT Income Fund                                                                         | 811-05346         |
| Putnam Massachusetts Tax Exempt Income Fund                                                   | 811-04518         |
| Franklin Minnesota Tax-Free Income Fund                                                       | 811-04149         |
| Western Asset Core Plus Bond Fund                                                             | 811-06110         |
| Western Asset Managed Municipals Fund                                                         | 811-04254         |
| Putnam Sustainable Future ETF                                                                 | 811-23643         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                                        | 811-22338         |
| ClearBridge Growth Fund                                                                       | 811-06444         |
| ClearBridge Small Cap Fund                                                                    | 811-22338         |
| Putnam Small Cap Value Fund                                                                   | 811-07237         |
| Franklin Moderate Allocation Fund                                                             | 811-07851         |
| Franklin Mutual Beacon Fund                                                                   | 811-05387         |
| Putnam Convertible Securities Fund                                                            | 811-02280         |
| Western Asset Total Return ETF                                                                | 811-23096         |
| Franklin Multi-Asset Variable Conservative Growth Fund                                        | 811-21128         |
| Putnam Mortgage Securities Fund                                                               | 811-03897         |
| Putnam Focused Large Cap Growth ETF                                                           | 811-23643         |
| Franklin Multi-Asset Moderate Growth Fund                                                     | 811-06444         |
| Franklin Massachusetts Tax-Free Income Fund                                                   | 811-04149         |
| Franklin Conservative Allocation Fund                                                         | 811-07851         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                                       | 811-04149         |
| K2 Alternative Strategies Fund                                                                | 811-22641         |
| Putnam VT Large Cap Value Fund                                                                | 811-05346         |
| Western Asset High Yield Fund                                                                 | 811-06110         |
| Putnam Small Cap Growth Fund                                                                  | 811-07513         |
| Putnam Intermediate-Term Municipal Income Fund                                                | 811-07513         |
| Putnam Multi-Asset Income Fund                                                                | 811-07121         |
| Franklin New Jersey Tax-Free Income Fund                                                      | 811-04149         |
| Franklin S&P 500 Index Fund                                                                   | 811-06444         |
| Franklin Templeton Moderately Aggressive Model Portfolio                                      | 811-21128         |
| Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund) | 811-22338         |
| Franklin Floating Rate Daily Access Fund                                                      | 811-04986         |
| Putnam Emerging Markets Ex-China ETF                                                          | 811-23643         |
| Western Asset Intermediate Maturity California Municipals Fund                                | 811-04254         |
| Western Asset SMASh Series C Fund                                                             | 811-06740         |
| Franklin Low Duration Total Return Fund                                                       | 811-04986         |
| Franklin Mutual Global Discovery Fund                                                         | 811-05387         |
| Templeton Sustainable Emerging Markets Bond Fund                                              | 811-04706         |
| Franklin Michigan Tax-Free Income Fund                                                        | 811-04149         |
| ClearBridge Variable Dividend Strategy Portfolio                                              | 811-21128         |
| Putnam Ultra Short Duration Income Fund                                                       | 811-07513         |
| Putnam Focused International Equity Fund                                                      | 811-01403         |
| Franklin Templeton Conservative Model Portfolio                                               | 811-21128         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                                             | 811-22338         |
| Putnam Mortgage Opportunities Fund                                                            | 811-07513         |
| Western Asset SMASh Series M Fund                                                             | 811-06740         |
| ClearBridge Tactical Dividend Income Fund                                                     | 811-06444         |
| Putnam VT George Putnam Balanced Fund                                                         | 811-05346         |
| Franklin Templeton SMACS:  Series EM                                                          | 811-08226         |
| Western Asset Short Duration Municipal Income Fund                                            | 811-04254         |
| Franklin Gold and Precious Metals Fund                                                        | 811-01700         |
| Franklin Templeton SMACS:  Series I                                                           | 811-06243         |
| Franklin Templeton SMACS:  Series E                                                           | 811-06243         |
| Franklin Templeton Aggressive Model Portfolio                                                 | 811-21128         |
| Franklin New York Tax-Free Income Fund                                                        | 811-03479         |
| Franklin Convertible Securities Fund                                                          | 811-04986         |
| Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)                         | 811-07237         |
| Franklin LifeSmart 2055 Retirement Target Fund                                                | 811-07851         |
| Franklin Global Real Estate VIP Fund                                                          | 811-05583         |
| Western Asset Variable Global High Yield Bond Portfolio                                       | 811-06310         |
| Western Asset Intermediate Maturity New York Municipals Fund                                  | 811-04254         |
| Franklin Long Duration Credit Fund                                                            | 811-04986         |
| Franklin Global Allocation Fund                                                               | 811-07851         |
| Putnam VT Focused International Equity Fund                                                   | 811-05346         |
| Franklin Equity Income Fund                                                                   | 811-04986         |
| International Equity Series                                                                   | 811-06135         |
| Franklin Rising Dividends Fund                                                                | 811-04894         |
| Putnam VT High Yield Fund                                                                     | 811-05346         |
| Franklin Colorado Tax-Free Income Fund                                                        | 811-04149         |
| Western Asset Intermediate Bond Fund                                                          | 811-06110         |
| Franklin Small-Mid Cap Growth Fund                                                            | 811-06243         |
| Putnam Dynamic Asset Allocation Equity Fund                                                   | 811-07513         |
| Martin Currie Emerging Markets Fund                                                           | 811-22338         |
| Franklin Biotechnology Discovery Fund                                                         | 811-06243         |
| Franklin Natural Resources Fund                                                               | 811-06243         |
| Putnam Floating Rate Income Fund                                                              | 811-07513         |
| Franklin Mutual Shares Fund                                                                   | 811-05387         |
| Western Asset Bond ETF                                                                        | 811-23124         |
| Franklin Large Cap Growth VIP Fund                                                            | 811-05583         |
| Franklin Growth Opportunities Fund                                                            | 811-06243         |

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

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

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

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

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

## N-CEN: Part G: Attachments

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

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

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

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

- [ ] iv. Change in accounting principles and practices

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

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

## N-CEN: Signature

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

**Registrant:** Putnam Tax Free Income Trust

**Date:** 2025-07-31

**Signature:** Monica Krogh

**Title:** Assistant Treasurer