# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0001752724-25-178298
**Filing Date:** 2025-7
**Character Count:** 41375
**Document Hash:** e52e025b728b386609e15d3a5e802847
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178298.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178298

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000932101

**ORGANIZATION NAME:**
- **EIN:** 043251560
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07237
- **FILM NUMBER:** 251150121

**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 FUNDS
- **DATE OF NAME CHANGE:** 19941028

## Series and Classes Contracts Data

### Putnam Small Cap Value Fund (Series ID: S000003854)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010787 | Class A Shares | PSLAX           |
| C000010789 | Class C Shares | PSLCX           |
| C000010791 | Class Y Shares | PYSVX           |
| C000049250 | CLASS R        |  |
| C000135941 | 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 Investment Funds

- **b. Investment Company Act file number:** 811-07237

- **c. CIK number of Registrant:** 0000932101

- **d. LEI of Registrant:** 549300SRAF55EHI5J317

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

  - **Street Address 1:** 100 Federal Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

  - **Telephone number:** 617-292-1000

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

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

- **b. EDGAR series identifier (if any):** S000003854

- **c. LEI of Series:** EYW12E59V2I5PAIL1O80

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

- **a. Date of fiscal year-end:** 2026-02-28

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $260301265.86

**Total Liabilities:** $8771858.70

**Net Assets:** $251529407.16

**Cash Not Reported:** $79242.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010791 | -6.85%               | -3.83%               | 5.71%                |
| Class ID C000049250 | -6.91%               | -3.78%               | 5.64%                |
| Class ID C000010789 | -7.02%               | -3.88%               | 5.63%                |
| Class ID C000135941 | -6.82%               | -3.82%               | 5.75%                |
| Class ID C000010787 | -6.86%               | -3.85%               | 5.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-385629.73              | $-18875062.64                              |
| Month 2  | $251296.95               | $-9789901.34                               |
| Month 3  | $641031.68               | $12630225.97                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Third Coast Bancshares, Inc.             | Third Coast Bancshares, Inc.               | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44400 | NS      | $1361304.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Holley, Inc.                             | Holley, Inc.                               | CUSIP: 43538H103<br>LEI: 254900EEM9JI9G1A4D88 | Long             | EC               | CORP              | US        |    821500 | NS      | $1593710.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics, Inc.                   | Douglas Dynamics, Inc.                     | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |    100700 | NS      | $2768243.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd.                       | Helen of Troy Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     58900 | NS      | $1583821.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group, Inc.         | MidWestOne Financial Group, Inc.           | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83528 | NS      | $2401430.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks, Inc.                     | Aviat Networks, Inc.                       | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    136549 | NS      | $2928976.05   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                  | Permian Resources Corp., Class A           | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    187837 | NS      | $2368624.57   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                   | Integer Holdings Corp.                     | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     21000 | NS      | $2493960.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral, Inc.                        | RingCentral, Inc., Class A                 | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     82500 | NS      | $2139225.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals, Inc.                    | Hudbay Minerals, Inc.                      | CUSIP: 443628102<br>LEI: 549300WI524AL577IX21 | Long             | EC               | CORP              | CA        |    278461 | NS      | $2483872.12   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp, Inc. (The)                      | Bancorp, Inc. (The)                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     57700 | NS      | $2948470.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health, Inc.                 | Option Care Health, Inc.                   | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     77250 | NS      | $2524530.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                             | RadNet, Inc.                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     38885 | NS      | $2235498.65   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.            | Standard Motor Products, Inc.              | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     98400 | NS      | $2981520.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                 | Bank OZK                                   | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     44800 | NS      | $1985984.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.             | Vishay Intertechnology, Inc.               | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    158200 | NS      | $2225874.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital, Inc.                      | Dynex Capital, Inc.                        | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |    107400 | NS      | $1293096.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp, Inc.          | Southern Missouri Bancorp, Inc.            | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39600 | NS      | $2085336.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold, Inc.                        | Alamos Gold, Inc., Class A                 | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |     84150 | NS      | $2178643.50   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International, Inc.                  | NPK International, Inc.                    | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    372800 | NS      | $3015952.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.               | Taylor Morrison Home Corp., Class A        | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     53650 | NS      | $3019422.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                    | Walker & Dunlop, Inc.                      | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34461 | NS      | $2360233.89   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd.                       | Steven Madden Ltd.                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     90800 | NS      | $2238220.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd.                      | Teekay Tankers Ltd., Class A               | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | BM        |     33600 | NS      | $1484784.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares, Inc.          | Business First Bancshares, Inc.            | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |    119500 | NS      | $2842905.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                  | Aramark                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     46750 | NS      | $1893375.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent, Inc.    | Concentra Group Holdings Parent, Inc.      | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112700 | NS      | $2437701.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial, Inc.                      | MFA Financial, Inc.                        | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |    237400 | NS      | $2207820.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Cash Collateral Pool LLC          | Putnam Cash Collateral Pool LLC            | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        |   8312840 | NS      | $8312840.25   | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Griffon Corp.                            | Griffon Corp.                              | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     35400 | NS      | $2433750.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp.                              | Terex Corp.                                | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     48300 | NS      | $2173983.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings plc                      | Tronox Holdings plc                        | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | GB        |    391400 | NS      | $2223152.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                            | Popular, Inc.                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     28500 | NS      | $2950605.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics, Inc.                 | Janux Therapeutics, Inc.                   | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32342 | NS      | $769739.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy, Inc.                           | La-Z-Boy, Inc.                             | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     54400 | NS      | $2278816.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corp.        | Algonquin Power & Utilities Corp.          | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    379000 | NS      | $2080710.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Flushing Financial Corp.                 | Flushing Financial Corp.                   | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    101993 | NS      | $1226975.79   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                      | Rithm Capital Corp.                        | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    271650 | NS      | $3028897.50   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical, Inc.          | Ultragenyx Pharmaceutical, Inc.            | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     46600 | NS      | $1585798.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                              | H2O America                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50700 | NS      | $2660736.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.            | Aspen Insurance Holdings Ltd., Class A     | CUSIP: N/A<br>LEI: 549300YX6HECG9XQCQ75       | Long             | EC               | CORP              | BM        |      5902 | NS      | $202438.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp.                           | Huntsman Corp.                             | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    163900 | NS      | $1825846.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis, Inc.                            | Codexis, Inc.                              | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    218900 | NS      | $503470.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                      | UMB Financial Corp.                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     27800 | NS      | $2866736.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.              | Horace Mann Educators Corp.                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     58131 | NS      | $2524629.33   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group, Inc.  | Skyward Specialty Insurance Group, Inc.    | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     37181 | NS      | $2355416.35   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp, Inc.                        | NBT Bancorp, Inc.                          | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49700 | NS      | $2079945.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                  | Coastal Financial Corp.                    | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     31902 | NS      | $2803866.78   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                     | Axos Financial, Inc.                       | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     49450 | NS      | $3438753.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DocGo, Inc.                              | DocGo, Inc.                                | CUSIP: 256086109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    364400 | NS      | $517448.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan America SA                         | Titan America SA                           | CUSIP: N/A<br>LEI: 9845007APCB6462D6C46       | Long             | EC               | CORP              | BE        |    177192 | NS      | $2533845.60   | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Herc Holdings, Inc.                      | Herc Holdings, Inc.                        | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     12059 | NS      | $1495316.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Magnolia Oil & Gas Corp.                 | Magnolia Oil & Gas Corp., Class A          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48825 | NS      | $1049737.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings, Inc.          | MasterCraft Boat Holdings, Inc.            | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |    169224 | NS      | $2878500.24   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp, Inc.                 | ConnectOne Bancorp, Inc.                   | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |    136124 | NS      | $3126768.28   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd.                      | Ichor Holdings Ltd.                        | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | KY        |    109589 | NS      | $1729314.42   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest, Inc.                            | SkyWest, Inc.                              | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     30500 | NS      | $3094225.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp.                     | Ladder Capital Corp., Class A              | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    282453 | NS      | $2971405.56   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corp.                         | SouthState Corp.                           | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     27700 | NS      | $2432060.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp.                             | Unitil Corp.                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30900 | NS      | $1694247.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp.                   | Antero Resources Corp.                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     38800 | NS      | $1453060.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                   | Extreme Networks, Inc.                     | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    215200 | NS      | $3372184.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpine Income Property Trust, Inc.       | Alpine Income Property Trust, Inc.         | CUSIP: 02083X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145328 | NS      | $2226424.96   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                   | Cavco Industries, Inc.                     | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5700 | NS      | $2471491.50   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co. plc                          | Perrigo Co. plc                            | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | IE        |     99800 | NS      | $2671646.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp                        | Five Star Bancorp                          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     95697 | NS      | $2675688.12   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries, Inc.                 | Insteel Industries, Inc.                   | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     64700 | NS      | $2265794.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group, Inc.           | Covenant Logistics Group, Inc., Class A    | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96600 | NS      | $2192820.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp, Inc.                   | Northrim BanCorp, Inc.                     | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     32000 | NS      | $2931200.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings, Inc.              | Sally Beauty Holdings, Inc.                | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    278300 | NS      | $2423993.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.               | Encore Capital Group, Inc.                 | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     79700 | NS      | $3020630.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                     | UMH Properties, Inc.                       | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |    126300 | NS      | $2120577.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands, Inc.               | Turning Point Brands, Inc.                 | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     35255 | NS      | $2620151.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp, Inc.                     | Origin Bancorp, Inc.                       | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     71000 | NS      | $2420390.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd.                       | IBEX Holdings Ltd.                         | CUSIP: N/A<br>LEI: 5493000GRFLPVYU2CX17       | Long             | EC               | CORP              | BM        |    128919 | NS      | $3711578.01   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA, Inc.                   | Beazer Homes USA, Inc.                     | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     55400 | NS      | $1136808.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                       | Putnam Short Term Investment Fund, Class P | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |    177097 | NS      | $177097.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Abacus Global Management, Inc.           | Abacus Global Management, Inc.             | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    349000 | NS      | $2697770.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                              | OFG Bancorp                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     67000 | NS      | $2756380.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. plc               | Gates Industrial Corp. plc                 | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |    137782 | NS      | $2914089.30   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Quipt Home Medical Corp.                 | Quipt Home Medical Corp.                   | CUSIP: 74880P104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    593900 | NS      | $1063081.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co.               | Edgewell Personal Care Co.                 | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     93600 | NS      | $2585232.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.            | Columbia Banking System, Inc.              | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69800 | NS      | $1631924.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Proficient Auto Logistics, Inc.          | Proficient Auto Logistics, Inc.            | CUSIP: 74317M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    276308 | NS      | $2227042.48   | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Major Drilling Group International, Inc. | Major Drilling Group International, Inc.   | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    339800 | NS      | $2000644.15   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp.                    | AGNC Investment Corp.                      | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |     82150 | NS      | $734421.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Healthcare Realty Trust, Inc.            | Healthcare Realty Trust, Inc., Class A     | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    113700 | NS      | $1648650.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                 | Perdoceo Education Corp.                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |    106700 | NS      | $3632068.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.               | Broadstone Net Lease, Inc.                 | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    137700 | NS      | $2190807.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes, Inc.                       | Pitney Bowes, Inc.                         | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |    327700 | NS      | $3375310.00   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.           | American Healthcare REIT, Inc.             | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     52600 | NS      | $1837844.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse, Inc. (The)             | Chefs' Warehouse, Inc. (The)               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |     40600 | NS      | $2589468.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.            | Portland General Electric Co.              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     39700 | NS      | $1683280.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                   | TTM Technologies, Inc.                     | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    122976 | NS      | $3672063.36   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.          | Atlantic Union Bankshares Corp.            | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50932 | NS      | $1528978.64   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ, Inc.                                | AZZ, Inc.                                  | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     31200 | NS      | $2829528.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                    | Silgan Holdings, Inc.                      | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     46300 | NS      | $2549741.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp.                       | Tutor Perini Corp.                         | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     79700 | NS      | $2939336.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications, Inc.              | Ribbon Communications, Inc.                | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    806800 | NS      | $2726984.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                         | NRG Energy, Inc.                           | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |     18489 | NS      | $2882435.10   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources, Inc.             | Core Natural Resources, Inc.               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     34100 | NS      | $2363130.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifi, Inc.                              | Unifi, Inc.                                | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |    224109 | NS      | $1125027.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill, Inc.                             | J Jill, Inc.                               | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    128165 | NS      | $2050640.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                  | Valley National Bancorp                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    273600 | NS      | $2402208.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Camping World Holdings, Inc.             | Camping World Holdings, Inc., Class A      | CUSIP: 13462K109<br>LEI: 549300E828QQI7MWI432 | Long             | EC               | CORP              | US        |    172125 | NS      | $2798752.50   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.             | Brixmor Property Group, Inc.               | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     91000 | NS      | $2312310.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp.          | Metropolitan Bank Holding Corp.            | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52114 | NS      | $3370212.38   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                | V2X, Inc.                                  | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44984 | NS      | $2036875.52   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| American Integrity Insurance Group, Inc. | American Integrity Insurance Group, Inc.   | CUSIP: 026948109<br>LEI: 529900Y2VOV2LYV4OK68 | Long             | EC               | CORP              | US        |    110844 | NS      | $1836685.08   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| MiMedx Group, Inc.                       | MiMedx Group, Inc.                         | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    339088 | NS      | $2180335.84   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte, Inc.                           | Veracyte, Inc.                             | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |    100440 | NS      | $2672708.40   | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Kemper Corp.                             | Kemper Corp.                               | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     32150 | NS      | $2048919.50   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer