# EDGAR Filing Document

**Accession Number:** 0000216934
**File Stem:** 0000869392-25-001162
**Filing Date:** 2025-6
**Character Count:** 38946
**Document Hash:** bf4c949a78a82ef4f30931cffbb58af3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-25-001162.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0000869392-25-001162

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM LARGE CAP VALUE FUND
- **CENTRAL INDEX KEY:** 0000216934

**ORGANIZATION NAME:**
- **EIN:** 046407893
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02742
- **FILM NUMBER:** 251056174

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY INCOME FUND
- **DATE OF NAME CHANGE:** 20190212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY INCOME FUND/NEW/
- **DATE OF NAME CHANGE:** 19940302

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM STRATEGIC INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### PUTNAM LARGE CAP VALUE FUND (Series ID: S000005581)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000015218 | Class A Shares | PEYAX           |
| C000015220 | Class C Shares | PEQCX           |
| C000015222 | Class R Shares | PEQRX           |
| C000015223 | Class Y Shares | PEIYX           |
| C000118171 | Class R5       |  |
| C000118172 | Class R6       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Large Cap Value Fund

- **b. Investment Company Act file number:** 811-02742

- **c. CIK number of Registrant:** 0000216934

- **d. LEI of Registrant:** CZH3VR3I6CWL6QA8GG38

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Putnam Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000005581

- **c. LEI of Series:** CZH3VR3I6CWL6QA8GG38

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $36398874279.25

**Total Liabilities:** $739625808.85

**Net Assets:** $35659248470.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000015220 | -2.98%               | -2.80%               | 0.68%                |
| Class ID C000015218 | -2.90%               | -2.74%               | 0.72%                |
| Class ID C000015222 | -2.94%               | -2.74%               | 0.70%                |
| Class ID C000015223 | -2.90%               | -2.70%               | 0.75%                |
| Class ID C000118172 | -2.93%               | -2.68%               | 0.75%                |
| Class ID C000118171 | -2.93%               | -2.70%               | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7957919.37             | $-1007254267.22                            |
| Month 2  | $214028479.01            | $-1213348167.59                            |
| Month 3  | $424447852.09            | $-190410280.19                             |

### Schedule of Portfolio Investments

| Name                                                         | Title                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| T-MOBILE US INC                                              | COMMON STOCK         | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   2699194 | NS      | $666565958.30  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON CONTROLS INTERNATIONAL PLC                           | COMMON STOCK         | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |   5846610 | NS      | $490530579.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTERNATIONAL INC                              | COMMON STOCK         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   6290458 | NS      | $1077932882.88 | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                                      | COMMON STOCK         | CUSIP: G25508105<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | US        |   5449864 | NS      | $520026022.88  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO                                            | COMMON STOCK         | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |  13697813 | NS      | $619689060.12  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                   | COMMON STOCK         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   4623048 | NS      | $901956664.80  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GAMING AND LEISURE PROPERTIES INC                            | COMMON STOCK         | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |   5077888 | NS      | $243027719.68  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON WORLDWIDE HOLDINGS INC                                | COMMON STOCK         | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |   1831492 | NS      | $412964816.16  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS INC                                   | COMMON STOCK         | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    862139 | NS      | $337837788.54  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| INGERSOLL RAND INC                                           | COMMON STOCK         | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |   5177597 | NS      | $390546141.71  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DUPONT DE NEMOURS INC                                        | COMMON STOCK         | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |   4087095 | NS      | $269707399.05  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ'S WHOLESALE CLUB HOLDINGS INC                             | COMMON STOCK         | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |   2546119 | NS      | $299321749.64  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA GROUP/THE                                              | COMMON STOCK         | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |   1523463 | NS      | $518038358.52  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CORTEVA INC                                                  | COMMON STOCK         | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |   9086774 | NS      | $563289120.26  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OTIS WORLDWIDE CORP                                          | COMMON STOCK         | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |   3448904 | NS      | $332025988.08  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO ASSET MANAGEMENT INC                                  | COMMON STOCK         | CUSIP: 03769M106<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EC               | CORP              | US        |   3548071 | NS      | $484240730.08  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                                                | COMMON STOCK         | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |    422789 | NS      | $386539071.14  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                   | COMMON STOCK         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   4405352 | NS      | $794108751.52  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                            | COMMON STOCK         | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |   1868652 | NS      | $164628241.20  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP/THE                                      | COMMON STOCK         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   7711033 | NS      | $627678086.20  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                        | COMMON STOCK         | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |   1006833 | NS      | $489824254.50  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST AIRLINES CO                                        | COMMON STOCK         | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |  17717146 | NS      | $495371402.16  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS INC                                           | COMMON STOCK         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |    535502 | NS      | $338142737.90  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                         | COMMON STOCK         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |  19058277 | NS      | $760044086.76  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTMAN CHEMICAL CO                                          | COMMON STOCK         | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |   2209957 | NS      | $170166689.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP INC                                               | COMMON STOCK         | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   6650947 | NS      | $682254143.26  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                       | COMMON STOCK         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1789779 | NS      | $736386671.76  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER  AND  GAMBLE CO/THE                                  | COMMON STOCK         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   4538082 | NS      | $737755990.74  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BALL CORP                                                    | COMMON STOCK         | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   3123428 | NS      | $162230850.32  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST                                         | COMMON STOCK         | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7692990 | NS      | $271408687.20  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN INTERNATIONAL GROUP INC                             | COMMON STOCK         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   5743206 | NS      | $468186153.12  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                                  | COMMON STOCK         | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |  11635766 | NS      | $1131578243.50 | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL CORP                                                     | COMMON STOCK         | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |  11463140 | NS      | $418404610.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC/THE                         | COMMON STOCK         | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |   3003311 | NS      | $482602044.59  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                                 | COMMON STOCK         | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |   3839511 | NS      | $570013803.06  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE                                             | COMMON STOCK         | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |  13922416 | NS      | $1010071280.80 | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL INC                                  | COMMON STOCK         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   2336650 | NS      | $491864825.00  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                | COMMON STOCK         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |  15372377 | NS      | $1051163139.26 | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                                     | COMMON STOCK         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |   4714347 | NS      | $594620587.11  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                                          | COMMON STOCK         | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    777895 | NS      | $175345311.95  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                  | COMMON STOCK         | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |   2468899 | NS      | $347423467.28  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                               | COMMON STOCK         | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2228627 | NS      | $880887108.02  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                                               | COMMON STOCK         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   4127586 | NS      | $367850464.32  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDUSTRIES INC                                           | COMMON STOCK         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |   2123131 | NS      | $231124040.66  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER SCIENTIFIC INC                                 | COMMON STOCK         | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |   1593010 | NS      | $683401290.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC/THE                                  | COMMON STOCK         | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    710315 | NS      | $388932978.25  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK  AND  CO INC                                           | COMMON STOCK         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   2134596 | NS      | $181867579.20  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                                           | COMMON STOCK         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   7435534 | NS      | $497288513.92  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                                   | COMMON STOCK         | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |   2335448 | NS      | $491214777.84  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                                         | COMMON STOCK         | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |  12034348 | NS      | $433597558.44  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                                             | COMMON STOCK         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   8998286 | NS      | $950488950.18  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICALS INC                                | COMMON STOCK         | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |   1063555 | NS      | $636814191.80  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                                                  | COMMON STOCK         | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |   2443999 | NS      | $236334703.30  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                                            | COMMON STOCK         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |  13611726 | NS      | $785804941.98  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE  AND  CO                                      | COMMON STOCK         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   1612730 | NS      | $394506012.60  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY CORP                                           | COMMON STOCK         | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |   2582331 | NS      | $299782805.79  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP                                                | COMMON STOCK         | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |   1143700 | NS      | $815217923.00  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP/THE                                            | COMMON STOCK         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |   2874773 | NS      | $570326215.47  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC                                                 | COMMON STOCK         | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |    290182 | NS      | $29656600.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                 | COMMON STOCK         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   5558483 | NS      | $190100118.60  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAGATE TECHNOLOGY HOLDINGS PLC                              | COMMON STOCK         | CUSIP: G7997R103<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | US        |   3717808 | NS      | $338432062.24  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                                                | COMMON STOCK         | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |   2086915 | NS      | $578242408.20  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                               | COMMON STOCK         | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |   6078561 | NS      | $666088714.38  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                              | COMMON STOCK - ADR   | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   6682523 | NS      | $479738326.17  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC WHOLESALE, LONDON                          | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $191886185.63  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                      | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $95049015.81   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIBANK N.A.                                                | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              | CORP              | US        |         1 | NC      | $156358904.75  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORPORATION                                  | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: EN5TNI6CI43VEPAMHL14       | N/A              | DFE              | CORP              | US        |         1 | NC      | $32914963.18   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                       | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              | CORP              | US        |         1 | NC      | $70303577.08   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGANCHASE BANK                                          | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              | CORP              | US        |         1 | NC      | $29705216.76   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                    | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              | CORP              | CA        |         1 | NC      | $32422704.31   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTL FX                                        | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              | CORP              | US        |         1 | NC      | $192582519.32  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                                | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: MP6I5ZYZBEU3UXPYFY54       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $116416031.10  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS INTL FX                                        | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: W22LROWP2IHZNBB6K528       | N/A              | DFE              | CORP              | US        |         1 | NC      | $48559389.14   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                       | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | N/A              | DFE              | CORP              | US        |         1 | NC      | $116327506.37  | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGANCHASE BANK                                          | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              | CORP              | US        |         1 | NC      | $83112326.46   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA N.A.                                         | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | N/A              | DFE              | CORP              | US        |         1 | NC      | $166958078.54  | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC WHOLESALE, LONDON                          | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: G5GSEF7VJP5I7OUK5573       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $57170605.81   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY AND CO. INTERNATIONAL                         | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: 4PQUHN3JPFGFNF3BB653       | N/A              | DFE              | CORP              | US        |         1 | NC      | $58935304.65   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                                | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: MP6I5ZYZBEU3UXPYFY54       | N/A              | DFE              | CORP              | GB        |         1 | NC      | $123729059.83  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| STATE STREET B AND T CO                                      | CURRENCY FORWARDS    | CUSIP: N/A<br>LEI: 571474TGEMMWANRLN572       | N/A              | DFE              | CORP              | US        |         1 | NC      | $57333904.95   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MANHATTAN ASSET FUNDING CO LLC                               | DISC. CP             | CUSIP: N/A<br>LEI: 549300S0NSJYSOB32S63       | Long             | ABS-APCP         | CORP              | US        |  22150000 | PA      | $22147342.00   | 0.06%             | 2025-05-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC ASSET SECURITIZATION LLC                            | DISC. CP             | CUSIP: 04821TSC0<br>LEI: 549300BUNY5BIX4CVW20 | Long             | ABS-APCP         | CORP              | US        |  60000000 | PA      | $59912820.00   | 0.17%             | 2025-05-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK, PLC                                           | DISC. CP             | CUSIP: 06741FT64<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  50000000 | PA      | $49770728.50   | 0.14%             | 2025-06-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MANHATTAN ASSET FUNDING CO LLC                               | DISC. CP             | CUSIP: N/A<br>LEI: 549300S0NSJYSOB32S63       | Long             | ABS-APCP         | CORP              | US        |  20000000 | PA      | $19980640.00   | 0.06%             | 2025-05-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MANHATTAN ASSET FUNDING CO LLC                               | DISC. CP             | CUSIP: N/A<br>LEI: 549300S0NSJYSOB32S63       | Long             | ABS-APCP         | CORP              | US        |  15000000 | PA      | $14996385.00   | 0.04%             | 2025-05-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARIOT FUNDING LLC                                          | DISC. CP             | CUSIP: N/A<br>LEI: 549300EEWRNP448AMT79       | Long             | ABS-APCP         | CORP              | US        |  10000000 | PA      | $9980610.00    | 0.03%             | 2025-05-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK/THE                                    | DISC. CP             | CUSIP: 89119ASP4<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  50000000 | PA      | $49860350.00   | 0.14%             | 2025-05-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SHEFFIELD RECEIVABLES CO LLC                                 | DISC. CP             | CUSIP: N/A<br>LEI: 549300MYF6MOTU9T3G29       | Long             | ABS-APCP         | CORP              | US        |  25000000 | PA      | $24871875.00   | 0.07%             | 2025-06-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                     | DISC. CP             | CUSIP: N/A<br>LEI: 529900QI55ZLJVCMPA71       | Long             | STIV             | CORP              | FR        |  50000000 | PA      | $49927350.00   | 0.14%             | 2025-05-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                  | EQUITY INDEX FUTURE  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |      1026 | NC      | $286613100.00  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCENTURE PLC                                                | ORDINARY SHARES      | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |   1925509 | NS      | $576016017.35  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SANOFI SA                                                    | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |   5440336 | NS      | $595128038.63  | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| SHELL PLC                                                    | ORDINARY SHARES      | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |  13318377 | NS      | $433253307.45  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| LULULEMON ATHLETICA INC                                      | ORDINARY SHARES      | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |    537056 | NS      | $145418653.12  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS CAPITAL, INC.                                       | REPURCHASE AGREEMENT | CUSIP: N/A<br>LEI: AC28XWWI3WIBK2824319       | Long             | RA               | CORP              | US        | 200000000 | PA      | $200000000.00  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA), INC.                                  | REPURCHASE AGREEMENT | CUSIP: N/A<br>LEI: CYYGQCGNHMHPSMRL3R97       | Long             | RA               | CORP              | US        | 159197000 | PA      | $159197000.00  | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES, LLC.                                 | REPURCHASE AGREEMENT | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        | 200000000 | PA      | $200000000.00  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND                            | SHORT TERM INV FUND  | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        | 190332717 | NS      | $190332717.00  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| AUSTRALIA  AND  NEW ZEALAND BANKING GROUP LTD/CAYMAN ISLANDS | TIME DEPOSITS        | CUSIP: N/A<br>LEI: JHE42UYNWWTJB8YTTU19       | Long             | STIV             | CORP              | KY        |  25000000 | PA      | $25000000.00   | 0.07%             | 2025-05-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                     | U.S. T BILLS         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13400000 | PA      | $13166148.29   | 0.04%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA                                     | U.S. T BILLS         | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  59700000 | PA      | $59602257.97   | 0.17%             | 2025-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-18

**Name of Applicant:** Putnam Large Cap Value Fund

**Signature:** Kevin R Blatchford

**Name of Signer:** Kevin R Blatchford

**Title:** Assistant Treasurer