# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000940400-26-025236
**Filing Date:** 2026-6
**Character Count:** 73611
**Document Hash:** 7e4dd50da3634bd363ecff30d0907a95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-025236.hdr.sgml**: 20260624

**ACCESSION NUMBER**: 0000940400-26-025236

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260624

**DATE AS OF CHANGE**: 20260624

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 261115642

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111
- **BUSINESS PHONE:** 6177601060

**MAIL ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02111

## Series and Classes Contracts Data

### Putnam ESG Ultra Short ETF (Series ID: S000077299)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237596 | -            |  |

## 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 ETF Trust

- **b. Investment Company Act file number:** 811-23643

- **c. CIK number of Registrant:** 0001845809

- **d. LEI of Registrant:** 549300EMFKH8ETCKNO35

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

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

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

- **a. Name of Series:** Putnam ESG Ultra Short ETF

- **b. EDGAR series identifier (if any):** S000077299

- **c. LEI of Series:** 549300NQ9F4P4U3AVO48

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $42943463.39

**Total Liabilities:** $7838.30

**Net Assets:** $42935625.09

**Cash Not Reported:** $2964.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 219.12171000 | **1-Year:** 1922.10143000 | **5-Year:** 573.36220000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237596 | 0.33%                | 0.09%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $622585.64               | $-597184.48                                |
| Month 2  | $1303.47                 | $-117884.46                                |
| Month 3  | $1109.45                 | $5669.82                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN EXPRESS COMPANY                     | AXP F 07/26/28                                                                | CUSIP: 025816DX4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     94000 | PA      | $94453.14     | 0.22%             | 2028-07-26      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                | OC 5.5 06/15/27                                                               | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116432.62    | 0.27%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS COMPANY                     | AXP F 04/25/29                                                                | CUSIP: 025816EE5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141573.46    | 0.33%             | 2029-04-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                    | BNS F 02/02/30                                                                | CUSIP: 06418GAX5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    154000 | PA      | $153768.59    | 0.36%             | 2030-02-02      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| AEGON FUNDING COMPANY LLC                    | AEGON 5.5 04/16/27 144A                                                       | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |    251000 | PA      | $253148.46    | 0.59%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | MS F 04/13/28 MTN                                                             | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65213.80     | 0.15%             | 2028-04-13      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)       | PNC F 01/26/29                                                                | CUSIP: 693475CH6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144947.38    | 0.34%             | 2029-01-26      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN LIFE GLOBAL FUNDING I           | MET F 08/25/28 144A                                                           | CUSIP: 592179KS3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    156000 | PA      | $156071.24    | 0.36%             | 2028-08-25      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD INC                 | ATDBCN 4.148 09/29/28 144A                                                    | CUSIP: 01626PAW6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $159026.02    | 0.37%             | 2028-09-29      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | STT F 10/22/27                                                                | CUSIP: 857477CQ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52093.58     | 0.12%             | 2027-10-22      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY GAS CAPITAL CORP            | SO 4.05 09/15/28 A                                                            | CUSIP: 8426EPAJ7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39668.89     | 0.09%             | 2028-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                         | RY F 10/18/27 GMTN                                                            | CUSIP: 78017FZR7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    182000 | PA      | $182232.95    | 0.42%             | 2027-10-18      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                   | AER 4.875 04/01/28                                                            | CUSIP: 00774MBN4<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    210000 | PA      | $211302.34    | 0.49%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | WFC F 04/23/29                                                                | CUSIP: 95000U3U5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    304000 | PA      | $307735.95    | 0.72%             | 2029-04-23      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA               | CBAAU F 03/14/28 144A                                                         | CUSIP: 2027A0KW8<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    130000 | PA      | $130485.63    | 0.30%             | 2028-03-14      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS LP                    | MID-AMERICA APARTMENTS LP 0% CP 05/05/2026                                    | CUSIP: 59524PE52<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499725.30    | 1.16%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & COMPANY                          | LLY F 10/15/28                                                                | CUSIP: 532457DA3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    310000 | PA      | $310920.82    | 0.72%             | 2028-10-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                        | ATH 4.86 08/27/26 144A                                                        | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165252.17    | 0.38%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                       | UNH F 07/15/26                                                                | CUSIP: 91324PFE7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    141000 | PA      | $141081.48    | 0.33%             | 2026-07-15      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                             | BMO F 01/27/29                                                                | CUSIP: 06368MJH8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    237000 | PA      | $237544.93    | 0.55%             | 2029-01-27      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                    | CRBG F 09/25/26 144A                                                          | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160524.87    | 0.37%             | 2026-09-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II               | PACLIF F 07/28/26 144A                                                        | CUSIP: 6944PL2V0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135319.12    | 0.32%             | 2026-07-28      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FUNDING                 | NYLIFE F 04/25/28 144A                                                        | CUSIP: 64953BBV9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    168000 | PA      | $169251.10    | 0.39%             | 2028-04-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ELECTRIC POWER COMPANY             | WEC 3.95 03/01/29                                                             | CUSIP: 976656CV8<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74338.27     | 0.17%             | 2029-03-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                           | CNO 4.875 12/10/27 144A                                                       | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60211.16     | 0.14%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                     | LLOYDS V5.462 01/05/28                                                        | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $211426.40    | 0.49%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                          | SOCGEN 5.25 02/19/27 144a                                                     | CUSIP: 83368RBZ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $352612.63    | 0.82%             | 2027-02-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                  | CARGIL F 02/11/28 144A                                                        | CUSIP: 141781CC6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170365.92    | 0.40%             | 2028-02-11      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP (THE)           | BK F 07/21/28                                                                 | CUSIP: 06406RBY2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128190.83    | 0.30%             | 2028-07-21      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                          | GP 0.95 05/15/26 144A                                                         | CUSIP: 37331NAN1<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |     54000 | PA      | $53933.29     | 0.13%             | 2026-05-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS 3 08/15/26                                                                | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    221000 | PA      | $220184.02    | 0.51%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                | Alimentation Couche-Tard Inc. 0% CP 21/05/2026                                | CUSIP: 01626VEM1<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |    250000 | PA      | $249412.60    | 0.58%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc.        | Alexandria Real Estate Equities, Inc. 0% CP 01/05/2026                        | CUSIP: 01527ME17<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | ABS-APCP         | CORP              | US        |    250000 | PA      | $249973.05    | 0.58%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE INC                | ICE 3.95 12/01/28                                                             | CUSIP: 45865VAA8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84314.70     | 0.20%             | 2028-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC (THE)                         | HD 3.75 09/15/28                                                              | CUSIP: 437076DH2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59614.02     | 0.14%             | 2028-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                               | BNP 3.5 11/16/27 144A                                                         | CUSIP: 09659W2C7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    234000 | PA      | $230781.21    | 0.54%             | 2027-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC            | EPD 4.3 06/20/28                                                              | CUSIP: 29379VCJ0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60049.32     | 0.14%             | 2028-06-20      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                | GS F 04/23/28                                                                 | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110718.47    | 0.26%             | 2028-04-23      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 COMPANY                          | PSX 3.55 10/01/26                                                             | CUSIP: 718547AF9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54867.89     | 0.13%             | 2026-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                          | AMT 3.65 03/15/27                                                             | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89516.48     | 0.21%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                   | COF 3.75 03/09/27                                                             | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    108000 | PA      | $107598.85    | 0.25%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                           | CNO 1.75 10/07/26 144A                                                        | CUSIP: 18977W2A7<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    247000 | PA      | $244338.68    | 0.57%             | 2026-10-07      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC          | NEE 3.55 05/01/27                                                             | CUSIP: 65339KAT7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    165000 | PA      | $163888.63    | 0.38%             | 2027-05-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                  | NFLX 4.375 11/15/26                                                           | CUSIP: 64110LAN6<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25048.31     | 0.06%             | 2026-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KROGER COMPANY (THE)                         | KR 2.65 10/15/26                                                              | CUSIP: 501044DE8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54640.75     | 0.13%             | 2026-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                            | H 5.75 01/30/27                                                               | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    310000 | PA      | $312782.81    | 0.73%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | BAC F 01/24/29 frn                                                            | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    321000 | PA      | $321561.43    | 0.75%             | 2029-01-24      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                          | D 4.6 05/15/28                                                                | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55197.22     | 0.13%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | HYNMTR F 06/24/27 144A                                                        | CUSIP: 44891ADE4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     78000 | PA      | $78304.28     | 0.18%             | 2027-06-24      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                          | AMT 3.375 10/15/26                                                            | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     47000 | PA      | $46821.79     | 0.11%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                       | Extra Space Storage LP 0% CP 08/05/2026                                       | CUSIP: 30227QE85<br>LEI: 549300YNKSKNZFR8UC42 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249779.60    | 0.58%             | 2026-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | AVGO 5.05 07/12/27                                                            | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    155000 | PA      | $156738.76    | 0.37%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                           | BMW 4.65 03/19/27 144A                                                        | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150732.05    | 0.35%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Agree LP                                     | Agree LP 0% CP 01/05/2026                                                     | CUSIP: 00852XE10<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             | CORP              | US        |    400000 | PA      | $399954.00    | 0.93%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                 | VLTO 5.5 09/18/26                                                             | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    146000 | PA      | $146483.05    | 0.34%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                             | RYDER SYSTEM INC 0% CP 14/05/2026                                             | CUSIP: 78355BEE8<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |    400000 | PA      | $399378.80    | 0.93%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK (THE)                  | TD 5.523 07/17/28 MTN                                                         | CUSIP: 89115A2U5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $122912.98    | 0.29%             | 2028-07-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc. 0% CP 12/05/2026                                  | CUSIP: 05348BEC5<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249669.53    | 0.58%             | 2026-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                        | CPT 5.85 11/03/26                                                             | CUSIP: 133131BA9<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              | CORP              | US        |    276000 | PA      | $277966.94    | 0.65%             | 2026-11-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | MS F 10/18/29 I                                                               | CUSIP: 61748UAJ1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190217.39    | 0.44%             | 2029-10-18      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| LENNAR CORP                                  | LEN 5.25 06/01/26                                                             | CUSIP: 526057CT9<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    302000 | PA      | $302172.10    | 0.70%             | 2026-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                           | MQGAU F 06/12/28 144A                                                         | CUSIP: 55608PBY9<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    175000 | PA      | $175782.62    | 0.41%             | 2028-06-12      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                   | MAR 4.2 07/15/27                                                              | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174714.38    | 0.41%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                    | HBAN V4.443 08/04/28                                                          | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54946.45     | 0.13%             | 2028-08-04      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                | APH 3.8 11/15/27                                                              | CUSIP: 032095AW1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129287.71    | 0.30%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                           | ENERGY TRANSFER LP 0% CP 01/05/2026                                           | CUSIP: 29277FE15<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | STIV             | CORP              | US        |    400000 | PA      | $399955.64    | 0.93%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC           | MUFG V4.08 04/19/28                                                           | CUSIP: 606822CE2<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    245000 | PA      | $244343.40    | 0.57%             | 2028-04-19      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| PUTNAM INVESTMENT FUNDS                      | PUTNAM INVESTMENT FUNDS GOVT MMKT P                                           | CUSIP: 74680A869<br>LEI: 549300SRAF55EHI5J317 | Long             | STIV             | RF                | US        |  13933411 | NS      | $13933411.26  | 32.45%            |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II               | PACLIF F 02/05/27 144A                                                        | CUSIP: 6944PL3A5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41141.11     | 0.10%             | 2027-02-05      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC         | GENERAL MOTORS FINANCIAL COMPANY INC 0% CP 05/05/2026                         | CUSIP: 37046UE56<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249865.73    | 0.58%             | 2026-05-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OPERATING COMPANY             | PSA F 04/16/27                                                                | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125234.68    | 0.29%             | 2027-04-16      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                   | AER 3 10/29/28                                                                | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    205000 | PA      | $197592.34    | 0.46%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | CVX F 02/26/28                                                                | CUSIP: 166756BC9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    148000 | PA      | $148327.29    | 0.35%             | 2028-02-26      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| ARTHUR J. GALLAGHER & COMPANY                | AJG 4.6 12/15/27                                                              | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    143000 | PA      | $143463.98    | 0.33%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COMPANIES INC               | MRSH F 11/08/27                                                               | CUSIP: 571748BZ4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     94000 | PA      | $94104.14     | 0.22%             | 2027-11-08      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                            | BRO 4.6 12/23/26                                                              | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155335.38    | 0.36%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | ORCL F 08/03/28                                                               | CUSIP: 68389XCX1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    155000 | PA      | $152222.36    | 0.35%             | 2028-08-03      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                            | ES 4.75 05/15/26                                                              | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    212000 | PA      | $212045.10    | 0.49%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                 | ILMN 4.65 09/09/26                                                            | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |     97000 | PA      | $97065.48     | 0.23%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SUMISHO AIR LEASE CORP                       | SUMIAL 5.3 06/25/26 MTN                                                       | CUSIP: 00914AAW2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    182000 | PA      | $182236.96    | 0.42%             | 2026-06-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                     | T 3.8 02/15/27                                                                | CUSIP: 00206RHW5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    132000 | PA      | $131661.77    | 0.31%             | 2027-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE           | CM F 06/28/27                                                                 | CUSIP: 13607L8D8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    161000 | PA      | $161840.74    | 0.38%             | 2027-06-28      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINANCIAL SERVICES CORP          | CAT F 10/16/26                                                                | CUSIP: 14913UAP5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45093.10     | 0.11%             | 2026-10-16      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                    | AES Corp. 0% CP 01/05/2026                                                    | CUSIP: 00809KE12<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | STIV             | CORP              | US        |    255000 | PA      | $254971.52    | 0.59%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                | APH 4.375 06/12/28                                                            | CUSIP: 032095AT8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145359.85    | 0.34%             | 2028-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                                | OC 3.4 08/15/26                                                               | CUSIP: 690742AF8<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |    161000 | PA      | $160488.14    | 0.37%             | 2026-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC               | GEHC 4.15 12/15/28                                                            | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44722.35     | 0.10%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                  | HNDA F 05/20/26 A                                                             | CUSIP: 02665WGB1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170032.50    | 0.40%             | 2026-05-20      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | CVX F 08/13/28 .                                                              | CUSIP: 166756BM7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115361.17    | 0.27%             | 2028-08-13      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                | GS 3.85 01/26/27                                                              | CUSIP: 38141GWB6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50897.80     | 0.12%             | 2027-01-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| TARGA RES CORP                               | TARGA RES CORP 0% CP 01/05/2026                                               | CUSIP: 87613LE13<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |    400000 | PA      | $399955.20    | 0.93%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                        | NOVNVX F 11/05/28                                                             | CUSIP: 66989HBD9<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115478.80    | 0.27%             | 2028-11-05      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                 | INTNED F 03/25/29                                                             | CUSIP: 456837BP7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    260000 | PA      | $260835.09    | 0.61%             | 2029-03-25      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FINANCE (USA) PLC                  | RIOLN F 03/14/28                                                              | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     95000 | PA      | $95353.11     | 0.22%             | 2028-03-14      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                     | O'Reilly Automotive Inc. 0% CP 01/05/2026                                     | CUSIP: 67117HE15<br>LEI: 549300K2RLMQL149Q332 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499945.45    | 1.16%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS BANK USA                       | GS V5.414 05/21/27                                                            | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |    241000 | PA      | $241125.75    | 0.56%             | 2027-05-21      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                      | DE F 06/11/27 mtN                                                             | CUSIP: 24422EXS3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    207000 | PA      | $207546.14    | 0.48%             | 2027-06-11      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN LP                     | MIZUHO F 11/16/26 MTn                                                         | CUSIP: 60700JFW0<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |    205000 | PA      | $205119.15    | 0.48%             | 2026-11-16      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                          | GP 4.4 06/30/28 144A                                                          | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30033.90     | 0.07%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| TARGET CORP                                  | TGT 4.35 06/15/28                                                             | CUSIP: 87612EBU9<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    128000 | PA      | $128619.86    | 0.30%             | 2028-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | HYNMTR 4.85 03/25/27 144A                                                     | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50220.48     | 0.12%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | STT F 08/03/26                                                                | CUSIP: 857477CE1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42052.41     | 0.10%             | 2026-08-03      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC          | NEE 4.685 09/01/27                                                            | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25118.14     | 0.06%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | HYNMTR F 09/24/27 144A                                                        | CUSIP: 44891ADJ3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    114000 | PA      | $114482.32    | 0.27%             | 2027-09-24      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                    | JPM V4.505 10/22/28                                                           | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    264000 | PA      | $264351.73    | 0.62%             | 2028-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS 2.875 06/01/26                                                            | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    207000 | PA      | $206738.46    | 0.48%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                 | NISOURCE INC 0% CP 07/05/2026                                                 | CUSIP: 65478KE72<br>LEI: 549300D8GOWWH0SJB189 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249807.50    | 0.58%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GENERATION LLC          | CEG 3.9 01/08/28                                                              | CUSIP: 210385AP5<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124047.14    | 0.29%             | 2028-01-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| MIZUHO MARKETS CAYMAN LP                     | MIZUHO F 10/09/26 MTN                                                         | CUSIP: 60700JFT7<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |    175000 | PA      | $175112.50    | 0.41%             | 2026-10-09      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| LOWE'S COMPANIES INC                         | LOW 4 10/15/28                                                                | CUSIP: 548661EU7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    258000 | PA      | $256066.30    | 0.60%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINANCIAL SERVICES CORP          | CAT F 11/14/28                                                                | CUSIP: 14913UBE9<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    191000 | PA      | $191112.56    | 0.45%             | 2028-11-14      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                           | DTE 4.875 06/01/28                                                            | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60483.46     | 0.14%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | BAC 4.25 10/22/26 MTN                                                         | CUSIP: 06051GFL8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40010.39     | 0.09%             | 2026-10-22      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                  | AvalonBay Communities, Inc. 0% CP 06/05/2026                                  | CUSIP: 05348BE68<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249834.88    | 0.58%             | 2026-05-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                 | CABKSM V6.684 09/13/27 144A                                                   | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    433000 | PA      | $436549.10    | 1.02%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                 | BACR V6.496 09/13/27                                                          | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $261911.14    | 0.61%             | 2027-09-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING           | NWMLIC 5.07 03/25/27 144A                                                     | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54518.25     | 0.13%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                | GS F 01/21/29                                                                 | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134777.01    | 0.31%             | 2029-01-21      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                               | BNP F 05/09/29 144A                                                           | CUSIP: 09659W3B8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    265000 | PA      | $266888.00    | 0.62%             | 2029-05-09      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                     | T 4.25 03/01/27                                                               | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    210000 | PA      | $210020.90    | 0.49%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL INC                   | MDLZ 4.25 05/06/28                                                            | CUSIP: 609207BF1<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    244000 | PA      | $243713.37    | 0.57%             | 2028-05-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                           | DTE 4.95 07/01/27                                                             | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    236000 | PA      | $237506.34    | 0.55%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANKING CORP NEW YORK BRANCH | SUMITOMO MITSUI BANKING CORP NEW YORK BRANCH VAR CP 11/12/2026 USD (SEC REGD) | CUSIP: 86564KCU4<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | US        |    575000 | PA      | $575526.13    | 1.34%             | 2026-12-11      | Variable      | 4.03%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC                          | PYPL F 03/06/28                                                               | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95182.63     | 0.22%             | 2028-03-06      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                    | CHARLES SCHWAB CORP (THE) 0% CP 08/05/2026                                    | CUSIP: 8085A3E84<br>LEI: 549300VSGCJ7E698NM85 | Long             | STIV             | CORP              | US        |    505000 | PA      | $504585.60    | 1.18%             | 2026-05-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                   | PFE F 11/15/27                                                                | CUSIP: 717081FC2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75217.23     | 0.18%             | 2027-11-15      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                         | WEC 5.6 09/12/26                                                              | CUSIP: 92939UAM8<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     74000 | PA      | $74297.74     | 0.17%             | 2026-09-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP (THE)           | BK V4.441 06/09/28                                                            | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90205.62     | 0.21%             | 2028-06-09      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                           | O 4.875 06/01/26                                                              | CUSIP: 756109BF0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    279000 | PA      | $279063.14    | 0.65%             | 2026-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOBAL FUNDING                    | CRBG 5.35 06/24/26 144A                                                       | CUSIP: 00138CAY4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170308.33    | 0.40%             | 2026-06-24      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC         | GENERAL MOTORS FINANCIAL COMPANY INC 0% CP 03/06/2026                         | CUSIP: 37046UF30<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |    345000 | PA      | $343699.94    | 0.80%             | 2026-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Company                     | Vulcan Materials Company 0% CP 01/05/2026                                     | CUSIP: 92919UE14<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499944.95    | 1.16%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                    | BNS F 02/14/29                                                                | CUSIP: 06418GAR8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $100190.60    | 0.23%             | 2029-02-14      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | OKE 5.55 11/01/26                                                             | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    164000 | PA      | $164861.37    | 0.38%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK (THE)                  | TD F 07/17/26 MTN                                                             | CUSIP: 89115A2T8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $230421.81    | 0.54%             | 2026-07-17      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LIFE GLOBAL FUNDING II             | PFG F 08/18/28 144A                                                           | CUSIP: 7425APAC9<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190060.32    | 0.44%             | 2028-08-18      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | MARS 4.45 03/01/27 144A                                                       | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    176000 | PA      | $176659.53    | 0.41%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINANCIAL COMPANY INC         | GM 1.5 06/10/26                                                               | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    112000 | PA      | $111656.30    | 0.26%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)       | PNC V5.102 07/23/27                                                           | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90133.73     | 0.21%             | 2027-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA               | CBAAU F 11/27/26 144A                                                         | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |     73000 | PA      | $73072.83     | 0.17%             | 2026-11-27      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC          | NEE F 02/04/28                                                                | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145615.01    | 0.34%             | 2028-02-04      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                 | SNPS 4.55 04/01/27                                                            | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30119.33     | 0.07%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | HYNMTR F 03/19/27 144A                                                        | CUSIP: 44891ACZ8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    111000 | PA      | $111399.45    | 0.26%             | 2027-03-19      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                  | NFLX 5.875 11/15/28                                                           | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    146000 | PA      | $151599.46    | 0.35%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                  | HNDA F 12/11/26 MTN                                                           | CUSIP: 02665WGA3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75066.88     | 0.17%             | 2026-12-11      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BUILDING SOCIETY                  | NWIDE V6.557 10/18/27 144A                                                    | CUSIP: 63861VAJ6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    299000 | PA      | $302046.21    | 0.70%             | 2027-10-18      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                      | NACN V5.6 07/02/27                                                            | CUSIP: 63307A3A1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    355000 | PA      | $355721.11    | 0.83%             | 2027-07-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                         | WSTP F 10/20/26 GMTN                                                          | CUSIP: 961214FX6<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    350000 | PA      | $350332.71    | 0.82%             | 2026-10-20      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL INC                   | MAR 4 04/15/28 X                                                              | CUSIP: 571903AY9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94391.00     | 0.22%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | STT F 04/24/28                                                                | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70323.60     | 0.16%             | 2028-04-24      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLOBAL FUNDING           | NWMLIC F 08/25/28 144A                                                        | CUSIP: 66815L2Y4<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145242.06    | 0.34%             | 2028-08-25      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER COMPANY                        | SO F 09/15/26                                                                 | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49950.60     | 0.12%             | 2026-09-15      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp.                      | Bunge Ltd Finance Corp. 0% CP 11/05/2026                                      | CUSIP: 12057BEB4<br>LEI: 549300QHC068L40NNM71 | Long             | STIV             | CORP              | US        |    400000 | PA      | $399510.00    | 0.93%             | 2026-05-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERCK & COMPANY INC                          | MRK F 03/15/29                                                                | CUSIP: 58933YBV6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    145000 | PA      | $145299.79    | 0.34%             | 2029-03-15      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                     | TOYOTA F 09/05/28                                                             | CUSIP: 89236TNS0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    239000 | PA      | $239971.74    | 0.56%             | 2028-09-05      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE           | CM F 03/30/29                                                                 | CUSIP: 13607PJ21<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    185000 | PA      | $185978.59    | 0.43%             | 2029-03-30      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GENERATION LLC          | CEG F 01/08/28                                                                | CUSIP: 210385AN0<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74937.23     | 0.17%             | 2028-01-08      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                          | FITB V6.361 10/27/28                                                          | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112915.25    | 0.26%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | AVGO 4.8 04/15/28                                                             | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47545.13     | 0.11%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LIFE GLOBAL FUNDING II             | PFG 4.6 08/19/27 144A                                                         | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |     42000 | PA      | $42119.36     | 0.10%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP OF AMERICA FINANCE LLC      | VW 4.9 08/14/26 144A                                                          | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    246000 | PA      | $246347.36    | 0.57%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                          | MACQUARIE GROUP LTD FRN CP 14/05/2026 USD (144A)                              | CUSIP: 55607NB58<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | STIV             | CORP              | AU        |    250000 | PA      | $250028.75    | 0.58%             | 2026-05-14      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                        | ATH 5.349 07/09/27 144A                                                       | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    132000 | PA      | $132737.69    | 0.31%             | 2027-07-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA COMPANIES GLOBAL FUNDING     | MUTOMA 5.8 07/27/26 144A                                                      | CUSIP: 62829D2A7<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115442.71    | 0.27%             | 2026-07-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                         | BXP 2.75 10/01/26                                                             | CUSIP: 10112RAY0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |    168000 | PA      | $166918.66    | 0.39%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | META 3.5 08/15/27                                                             | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32782.50     | 0.08%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-24

**Name of Applicant:** Putnam ETF Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer Controller, US Fund Administration and Oversight