# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0000869392-23-000182
**Filing Date:** 2023-1
**Character Count:** 85750
**Document Hash:** bb1969c1d72e833717af9e4b10fa6807
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000182.hdr.sgml**: 20230126

**ACCESSION NUMBER**: 0000869392-23-000182

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230126

**DATE AS OF CHANGE**: 20230126

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942
- **IRS NUMBER:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 23557153

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6177601000

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

## Series and Classes Contracts Data

### PUTNAM EMERGING MARKETS EQUITY FUND (Series ID: S000023000)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000066853 | CLASS A         |  |
| C000066854 | CLASS B         |  |
| C000066855 | CLASS C         |  |
| C000066857 | CLASS R         |  |
| C000066858 | CLASS Y         |  |
| C000203063 | Class R6 Shares |  |

## Nport-Ex

------

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| |
|:---|
| **Putnam Emerging Markets Equity Fund** |
| **The fund's portfolio** |
| **11/30/22 (Unaudited)** |

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| | | |
|:---|:---|:---|
| **COMMON STOCKS (98.3%)***<sup>(a)</sup>*** | **COMMON STOCKS (98.3%)***<sup>(a)</sup>*** | **COMMON STOCKS (98.3%)***<sup>(a)</sup>*** |
| | **Shares** | **Value** |
| **Airlines (1.1%)** | **Airlines (1.1%)** | **Airlines (1.1%)** |
| Copa Holdings SA Class A (Panama)***<sup>(NON)(S)</sup>*** | 48408 | $4241993 |
|  |  | **4241993** |
| **Automobiles (1.6%)** | **Automobiles (1.6%)** | **Automobiles (1.6%)** |
| BYD Co,. Ltd. Class H (China) | 246500 | 6191833 |
|  |  | **6191833** |
| **Banks (19.1%)** | **Banks (19.1%)** | **Banks (19.1%)** |
| Abu Dhabi Islamic Bank PJSC (United Arab Emirates) | 1110239 | 2905901 |
| Alinma Bank (Saudi Arabia) | 1200773 | 11111846 |
| Bank Central Asia Tbk PT (Indonesia) | 18322200 | 10901864 |
| Bank Mandiri Persero Tbk PT (Indonesia) | 12915800 | 8678031 |
| Grupo Financiero Banorte SAB de CV Class O (Mexico) | 1403400 | 11263423 |
| ICICI Bank, Ltd. (India) | 1839091 | 21772729 |
| KB Financial Group, Inc. (South Korea) | 158881 | 6381493 |
|  |  | **73015287** |
| **Chemicals (0.9%)** | **Chemicals (0.9%)** | **Chemicals (0.9%)** |
| Gujarat Fluorochemicals, Ltd. (India) | 35976 | 1558038 |
| Hansol Chemical Co., Ltd. (South Korea) | 12244 | 1994443 |
|  |  | **3552481** |
| **Electrical equipment (0.7%)** | **Electrical equipment (0.7%)** | **Electrical equipment (0.7%)** |
| KEI Industries, Ltd. (India) | 138799 | 2613762 |
|  |  | **2613762** |
| **Electronic equipment, instruments, and components (3.2%)** | **Electronic equipment, instruments, and components (3.2%)** | **Electronic equipment, instruments, and components (3.2%)** |
| Samsung SDI Co., Ltd. (South Korea) | 13228 | 7448697 |
| Sinbon Electronics Co., Ltd. (Taiwan) | 528000 | 4677603 |
|  |  | **12126300** |
| **Food and staples retailing (5.7%)** | **Food and staples retailing (5.7%)** | **Food and staples retailing (5.7%)** |
| Dino Polska SA (Poland)***<sup>(NON)</sup>*** | 42898 | 3515302 |
| Shoprite Holdings, Ltd. (South Africa) | 370851 | 5470497 |
| Sumber Alfaria Trijaya Tbk PT (Indonesia) | 16567900 | 3265058 |
| WalMart de Mexico (Walmex) SAB de CV (Mexico) | 2425600 | 9585985 |
|  |  | **21836842** |
| **Food products (1.4%)** | **Food products (1.4%)** | **Food products (1.4%)** |
| China Mengniu Dairy Co., Ltd. (China) | 1214000 | 5432172 |
|  |  | **5432172** |
| **Health-care equipment and supplies (1.0%)** | **Health-care equipment and supplies (1.0%)** | **Health-care equipment and supplies (1.0%)** |
| Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Class A (China) | 87400 | 3988856 |
|  |  | **3988856** |
| **Health-care providers and services (2.6%)** | **Health-care providers and services (2.6%)** | **Health-care providers and services (2.6%)** |
| Apollo Hospitals Enterprise, Ltd. (India) | 84744 | 4954737 |
| Max Healthcare Institute, Ltd. (India)***<sup>(NON)</sup>*** | 887943 | 4945078 |
|  |  | **9899815** |
| **Hotels, restaurants, and leisure (0.6%)** | **Hotels, restaurants, and leisure (0.6%)** | **Hotels, restaurants, and leisure (0.6%)** |
| Indian Hotels Co., Ltd. (India) | 586569 | 2336652 |
|  |  | **2336652** |
| **Household durables (0.4%)** | **Household durables (0.4%)** | **Household durables (0.4%)** |
| Dixon Technologies (India), Ltd. (India) | 27675 | 1459196 |
|  |  | **1459196** |
| **Insurance (3.6%)** | **Insurance (3.6%)** | **Insurance (3.6%)** |
| AIA Group, Ltd. (Hong Kong) | 760200 | 7753268 |
| Ping An Insurance Group Co. of China, Ltd. Class H (China) | 963000 | 5965663 |
|  |  | **13718931** |
| **Interactive media and services (3.7%)** | **Interactive media and services (3.7%)** | **Interactive media and services (3.7%)** |
| Tencent Holdings, Ltd. (China) | 376300 | 14140115 |
|  |  | **14140115** |
| **Internet and direct marketing retail (8.3%)** | **Internet and direct marketing retail (8.3%)** | **Internet and direct marketing retail (8.3%)** |
| Alibaba Group Holding, Ltd. (China)***<sup>(NON)</sup>*** | 620868 | 6775991 |
| JD.com, Inc. Class A (China) | 225445 | 6420177 |
| JD.com, Inc. ADR (China)***<sup>(S)</sup>*** | 48800 | 2790384 |
| Meituan Class B (China)***<sup>(NON)</sup>*** | 312900 | 6720212 |
| MercadoLibre, Inc. (Brazil)***<sup>(NON)</sup>*** | 4615 | 4296496 |
| Pinduoduo, Inc. ADR (China)***<sup>(NON)</sup>*** | 56100 | 4602444 |
|  |  | **31605704** |
| **IT Services (3.3%)** | **IT Services (3.3%)** | **IT Services (3.3%)** |
| Tata Consultancy Services, Ltd. (India) | 299803 | 12610967 |
|  |  | **12610967** |
| **Machinery (1.3%)** | **Machinery (1.3%)** | **Machinery (1.3%)** |
| Shenzhen Inovance Technology Co., Ltd. Class A (China) | 300160 | 2960790 |
| Techtronic Industries Co., Ltd. (TTI) (Hong Kong) | 165000 | 1986940 |
|  |  | **4947730** |
| **Metals and mining (1.5%)** | **Metals and mining (1.5%)** | **Metals and mining (1.5%)** |
| Anglo American PLC (Johannesburg Exchange) (United Kingdom) | 92114 | 3755361 |
| Vale Indonesia Tbk PT (Indonesia)***<sup>(NON)</sup>*** | 3856100 | 1819188 |
|  |  | **5574549** |
| **Oil, gas, and consumable fuels (7.0%)** | **Oil, gas, and consumable fuels (7.0%)** | **Oil, gas, and consumable fuels (7.0%)** |
| PetroChina Co., Ltd. Class H (China) | 13384000 | 6090369 |
| PTT Exploration & Production PCL (Thailand) | 908600 | 4792276 |
| Reliance Industries, Ltd. (India) | 465997 | 15706593 |
|  |  | **26589238** |
| **Pharmaceuticals (2.5%)** | **Pharmaceuticals (2.5%)** | **Pharmaceuticals (2.5%)** |
| AstraZeneca PLC (United Kingdom) | 41275 | 5585103 |
| Sun Pharmaceutical Industries, Ltd. (India) | 302150 | 3890363 |
|  |  | **9475466** |
| **Professional services (0.9%)** | **Professional services (0.9%)** | **Professional services (0.9%)** |
| Centre Testing International Group Co., Ltd. Class A (China) | 1116856 | 3302923 |
|  |  | **3302923** |
| **Real estate management and development (1.5%)** | **Real estate management and development (1.5%)** | **Real estate management and development (1.5%)** |
| Country Garden Services Holdings Co., Ltd. (China) | 1384000 | 3459630 |
| Phoenix Mills, Ltd. (The) (India) | 130269 | 2333745 |
|  |  | **5793375** |
| **Semiconductors and semiconductor equipment (13.8%)** | **Semiconductors and semiconductor equipment (13.8%)** | **Semiconductors and semiconductor equipment (13.8%)** |
| Advanced Micro Devices, Inc.***<sup>(NON)</sup>*** | 98600 | 7654318 |
| ASPEED Technology, Inc. (Taiwan) | 29700 | 2078317 |
| Faraday Technology Corp. (Taiwan) | 787000 | 4428378 |
| LEENO Industrial, Inc. (South Korea) | 25964 | 3441352 |
| Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan) | 2186889 | 34938174 |
|  |  | **52540539** |
| **Software (1.5%)** | **Software (1.5%)** | **Software (1.5%)** |
| Totvs SA (Brazil) | 999820 | 5945724 |
|  |  | **5945724** |
| **Technology hardware, storage, and peripherals (4.7%)** | **Technology hardware, storage, and peripherals (4.7%)** | **Technology hardware, storage, and peripherals (4.7%)** |
| Samsung Electronics Co., Ltd. (South Korea) | 370687 | 17801769 |
|  |  | **17801769** |
| **Textiles, apparel, and luxury goods (4.4%)** | **Textiles, apparel, and luxury goods (4.4%)** | **Textiles, apparel, and luxury goods (4.4%)** |
| Li Ning Co., Ltd. (China) | 776000 | 6218790 |
| LVMH Moet Hennessy Louis Vuitton SA (France) | 10315 | 7986500 |
| Shenzhou International Group Holdings, Ltd. (China) | 283000 | 2577727 |
|  |  | **16783017** |
| **Transportation infrastructure (1.3%)** | **Transportation infrastructure (1.3%)** | **Transportation infrastructure (1.3%)** |
| International Container Terminal Services, Inc. (Philippines) | 1367310 | 4969977 |
|  |  | **4969977** |
| **Wireless telecommunication services (0.7%)** | **Wireless telecommunication services (0.7%)** | **Wireless telecommunication services (0.7%)** |
| MTN Group, Ltd. (South Africa) | 333017 | 2725428 |
|  |  | **2725428** |
| **Total common stocks (cost $330,863,028)** |  | **$375220641** |

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| | | |
|:---|:---|:---|
| **UNITS (1.1%)***<sup>(a)</sup>*** | **UNITS (1.1%)***<sup>(a)</sup>*** | **UNITS (1.1%)***<sup>(a)</sup>*** |
| | **Units** | **Value** |
| Banco BTG Pactual SA (Brazil) | 869800 | $4218807 |
| **Total units (cost $4,373,073)** |  | **$4218807** |

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| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS (1.6%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (1.6%)***<sup>(a)</sup>*** | **SHORT-TERM INVESTMENTS (1.6%)***<sup>(a)</sup>*** |
| | **Shares** | **Value** |
| Putnam Cash Collateral Pool, LLC 4.10%***<sup>(AFF)</sup>*** | 3627875 | $3627875 |
| Putnam Short Term Investment Fund Class P 3.95%***<sup>(AFF)</sup>*** | 2537930 | 2537930 |
| **Total short-term investments (cost $6,165,805)** |  | **$6165805** |
| **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** |
| **Total investments (cost $341,401,906)** |  | **$385605253** |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** |
| ADR | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. |
| PJSC | Public Joint Stock Company | Public Joint Stock Company | Public Joint Stock Company | Public Joint Stock Company | Public Joint Stock Company | Public Joint Stock Company |
|  | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** |
|  | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from September 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from September 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from September 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from September 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from September 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from September 1, 2022 through November 30, 2022 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. |
| ***<sup>(a)</sup>*** | Percentages indicated are based on net assets of $381,654,636. | Percentages indicated are based on net assets of $381,654,636. | Percentages indicated are based on net assets of $381,654,636. | Percentages indicated are based on net assets of $381,654,636. | Percentages indicated are based on net assets of $381,654,636. | Percentages indicated are based on net assets of $381,654,636. |
| ***<sup>(NON)</sup>*** | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. |
| ***<sup>(AFF)</sup>*** | Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and Putnam Short Term Investment Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Name of affiliate** | **Fair value<br>as of<br>8/31/22** | **Purchase<br>cost** | **Sale<br>proceeds** | **Investment<br>income** | **Shares outstanding<br>and fair<br>value as of<br>11/30/22** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Putnam Cash Collateral Pool, LLC\*# | $5251990 | $9685761 | $11309876 | $39063 | $3627875 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Putnam Short Term Investment Fund\*\* | 4451141 | 41138465 | 43051676 | 19697 | 2537930 |
|  | **Total Short-term investments** | **$9703131** | **$50824226** | **$54361552** | **$58760** | **$6165805** |
|  | \* The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund's agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund receives cash collateral, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC and there were no realized or unrealized gains or losses during the period. | \* The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund's agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund receives cash collateral, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC and there were no realized or unrealized gains or losses during the period. | \* The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund's agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund receives cash collateral, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC and there were no realized or unrealized gains or losses during the period. | \* The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund's agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund receives cash collateral, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC and there were no realized or unrealized gains or losses during the period. | \* The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund's agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund receives cash collateral, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC and there were no realized or unrealized gains or losses during the period. | \* The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund's agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund receives cash collateral, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC and there were no realized or unrealized gains or losses during the period. |
|  | # At the close of the reporting period, the fund received cash collateral of $3,627,875 for securities loaned. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $3,669,204. | # At the close of the reporting period, the fund received cash collateral of $3,627,875 for securities loaned. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $3,669,204. | # At the close of the reporting period, the fund received cash collateral of $3,627,875 for securities loaned. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $3,669,204. | # At the close of the reporting period, the fund received cash collateral of $3,627,875 for securities loaned. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $3,669,204. | # At the close of the reporting period, the fund received cash collateral of $3,627,875 for securities loaned. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $3,669,204. | # At the close of the reporting period, the fund received cash collateral of $3,627,875 for securities loaned. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $3,669,204. |
|  | \*\* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \*\* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \*\* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \*\* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \*\* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. | \*\* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period. |
| ***<sup>(S)</sup>*** | This security is on loan, in part or in entirety, at the close of the reporting period. | This security is on loan, in part or in entirety, at the close of the reporting period. | This security is on loan, in part or in entirety, at the close of the reporting period. | This security is on loan, in part or in entirety, at the close of the reporting period. | This security is on loan, in part or in entirety, at the close of the reporting period. | This security is on loan, in part or in entirety, at the close of the reporting period. |
|  | **DIVERSIFICATION BY COUNTRY** |  |  |  |  |  |
|  | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): |
|  | China | 22.9% |  |  |  |  |
|  | India | 19.4 |  |  |  |  |
|  | Taiwan | 12.1 |  |  |  |  |
|  | South Korea | 9.7 |  |  |  |  |
|  | Indonesia | 6.5 |  |  |  |  |
|  | Mexico | 5.5 |  |  |  |  |
|  | Brazil | 3.8 |  |  |  |  |
|  | Saudi Arabia | 2.9 |  |  |  |  |
|  | United States | 2.7 |  |  |  |  |
|  | Hong Kong | 2.5 |  |  |  |  |
|  | United Kingdom | 2.4 |  |  |  |  |
|  | South Africa | 2.1 |  |  |  |  |
|  | France | 2.1 |  |  |  |  |
|  | Philippines | 1.3 |  |  |  |  |
|  | Thailand | 1.3 |  |  |  |  |
|  | Panama | 1.1 |  |  |  |  |
|  | Poland | 0.9 |  |  |  |  |
|  | United Arab Emirates | 0.8 |  |  |  |  |
|  | **Total** | **100.0%** |  |  |  |  |
|  | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. |
|  | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. |
|  | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. |
|  | Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. |
|  | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. |
|  | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. |

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| | | | |
|:---|:---|:---|:---|
| ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. |
| The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: |
|  | **Valuation inputs** | **Valuation inputs** | **Valuation inputs** |
| **Investments in securities:** | **Level 1** | **Level 2** | **Level 3** |
| **Common stocks\*:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$16865543 | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;11689324 | &nbsp;&nbsp;&nbsp;&nbsp;46687078 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;9585985 | &nbsp;&nbsp;&nbsp;&nbsp;17683029 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;4792276 | &nbsp;&nbsp;&nbsp;&nbsp;21796962 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;11263423 | &nbsp;&nbsp;&nbsp;&nbsp;75470795 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;23364137 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;4241993 | &nbsp;&nbsp;&nbsp;&nbsp;15834392 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;13600042 | &nbsp;&nbsp;&nbsp;&nbsp;87425257 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;9127030 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;5793375 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total common stocks** | **55173043** | **320047598** | **—** |
| Units | 4218807 |  |  |
| Short-term investments |  | 6165805 |  |
| **Totals by level** | **$59391850** | **$326213403** | **$—** |
| \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. |
| For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com |

---

## 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 Funds Trust

- **b. Investment Company Act file number:** 811-07513

- **c. CIK number of Registrant:** 0001005942

- **d. LEI of Registrant:** 549300S9JYWEMKQCLW53

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Putnam Emerging Markets Equity Fund

- **b. EDGAR series identifier (if any):** S000023000

- **c. LEI of Series:** S0SJ0EIZ7FP38W3KHB08

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $387894464.68

**Total Liabilities:** $5973831.23

**Net Assets:** $381920633.44

**Cash Not Reported:** $1233883.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203063 | 15.05%               | -0.19%               | -10.42%              |
| Class ID C000066858 | 15.12%               | -0.29%               | -10.45%              |
| Class ID C000066857 | 15.05%               | -0.30%               | -10.47%              |
| Class ID C000066855 | 14.99%               | -0.32%               | -10.51%              |
| Class ID C000066854 | 15.02%               | -0.32%               | -10.54%              |
| Class ID C000066853 | 14.98%               | -0.20%               | -10.46%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8702728.33             | $59466920.17                               |
| Month 2  | $-12833059.02            | $11819887.61                               |
| Month 3  | $-7597454.02             | $-31356360.64                              |

**Designated Index Information**

- **Index Name:** MSCI Emerging Markets Index

- **Index Identifier:** IDX00072

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANCED MICRO DEVICES INC                      | COMMON STOCK        | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     98600 | NS      | $7654318.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM INC                                      | COMMON STOCK - ADR  | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     48800 | NS      | $2790384.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| PINDUODUO INC                                   | COMMON STOCK - ADR  | CUSIP: N/A<br>LEI: 5493000573DS7005T657       | Long             | EC               | CORP              | CN        |     56100 | NS      | $4602444.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KB FINANCIAL GROUP INC                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86       | Long             | EC               | CORP              | KR        |    158881 | NS      | $6381492.98   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMBER ALFARIA TRIJAYA TBK PT                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ID        |  16567900 | NS      | $3265058.37   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA GROUP LTD                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |    760200 | NS      | $7753268.41   | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED TECHNOLOGY INC                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     29700 | NS      | $2078317.30   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| JD.COM INC                                      | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300HVTWB0GJZ16V92       | Long             | EC               | CORP              | CN        |    225445 | NS      | $6420176.82   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING LTD                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | CN        |    620868 | NS      | $6775991.18   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| DINO POLSKA SA                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956       | Long             | EC               | CORP              | PL        |     52724 | NS      | $4320499.78   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ALINMA BANK                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 558600HPAUTN6XSVBK93       | Long             | EC               | CORP              | SA        |   1200773 | NS      | $11111846.18  | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| PHOENIX MILLS LTD/THE                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 33580037PCXCE5PNQU51       | Long             | EC               | CORP              | IN        |    130269 | NS      | $2333744.86   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| MERCADOLIBRE INC                                | ORDINARY SHARES     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |      4615 | NS      | $4296495.78   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI INDUSTRIES LTD                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 335800UDWBC2AWPU7M56       | Long             | EC               | CORP              | IN        |    138799 | NS      | $2613761.74   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTVS SA                                        | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    999820 | NS      | $5945724.45   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SHENZHOU INTERNATIONAL GROUP HOLDINGS LTD       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900B4W41TCUKJFM73       | Long             | EC               | CORP              | CN        |    283000 | NS      | $2577727.27   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| DIXON TECHNOLOGIES INDIA LTD                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 335800D7XO7AVXXJ8575       | Long             | EC               | CORP              | IN        |     27675 | NS      | $1459196.05   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| COUNTRY GARDEN SERVICES HOLDINGS CO LTD         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300P2JRKENZSEBB42       | Long             | EC               | CORP              | CN        |   1384000 | NS      | $3459629.86   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| MEITUAN                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | EC               | CORP              | CN        |    312900 | NS      | $6720212.02   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN INOVANCE TECHNOLOGY CO LTD             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    300160 | NS      | $2960790.18   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO LTD | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     87400 | NS      | $3988856.33   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| GUJARAT FLUOROCHEMICALS LTD                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 335800AQPB19VEXI8M93       | Long             | EC               | CORP              | IN        |     35976 | NS      | $1558038.00   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRE TESTING INTERNATIONAL GROUP CO LTD       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |   1116856 | NS      | $3302922.81   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| MAX HEALTHCARE INSTITUTE LTD                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 3358005LALYV4GZOYF67       | Long             | EC               | CORP              | IN        |    887943 | NS      | $4945077.62   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   2186889 | NS      | $34938173.98  | 9.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SHOPRITE HOLDINGS LTD                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900Q4O1EYP6NH5150       | Long             | EC               | CORP              | ZA        |    370851 | NS      | $5470497.05   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN PLC                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     92114 | NS      | $3755361.47   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     41275 | NS      | $5585102.67   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMSUNG ELECTRONICS CO LTD                      | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |    370687 | NS      | $17801768.66  | 4.66%             |  |  |  | No            |                  2 | On Loan: No      |
| WAL-MART DE MEXICO SAB DE CV                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   2425600 | NS      | $9585985.28   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDI CO LTD                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |     13228 | NS      | $7448696.70   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| PETROCHINA CO LTD                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |  13384000 | NS      | $6090368.98   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493003UOETFYRONLG31       | Long             | EC               | CORP              | IN        |    465997 | NS      | $15706592.54  | 4.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MTN GROUP LTD                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05       | Long             | EC               | CORP              | ZA        |    333017 | NS      | $2725429.60   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SA             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |     10315 | NS      | $7986499.64   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PTT EXPLORATION  AND  PRODUCTION PCL            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2549001O8YYGP5N7Q076       | Long             | EC               | CORP              | TH        |    908600 | NS      | $4792275.63   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO FINANCIERO BANORTE SAB DE CV              | ORDINARY SHARES     | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |   1403400 | NS      | $11263423.34  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |   1839091 | NS      | $21772728.64  | 5.70%             |  |  |  | No            |                  2 | On Loan: No      |
| INDIAN HOTELS CO LTD                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 33580076CH5SBY5HWA22       | Long             | EC               | CORP              | IN        |    586569 | NS      | $2336651.56   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN PHARMACEUTICAL INDUSTRIES LTD               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 335800KJ7GE29LB4SS73       | Long             | EC               | CORP              | IN        |    302150 | NS      | $3890362.78   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FARADAY TECHNOLOGY CORP                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    787000 | NS      | $4428377.66   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| APOLLO HOSPITALS ENTERPRISE LTD                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 3358005YT7JQCWYLTG43       | Long             | EC               | CORP              | IN        |     84744 | NS      | $4954736.86   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK CENTRAL ASIA TBK PT                        | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |  18322200 | NS      | $10901864.02  | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SERVICES INC   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |   1367310 | NS      | $4969976.76   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| VALE INDONESIA TBK PT                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299002HHYBH7C6WBQ62       | Long             | EC               | CORP              | ID        |   3856100 | NS      | $1819187.98   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| TECHTRONIC INDUSTRIES CO LTD                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |    165000 | NS      | $1986940.25   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| HANSOL CHEMICAL CO LTD                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     12244 | NS      | $1994442.74   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| SINBON ELECTRONICS CO LTD                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    528000 | NS      | $4677603.23   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| BYD CO LTD                                      | ORDINARY SHARES     | CUSIP: Y1023R104<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |    246500 | NS      | $6191833.09   | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK MANDIRI PERSERO PT                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |  12915800 | NS      | $8678030.58   | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA MENGNIU DAIRY CO LTD                      | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2549005Q343BSJ8RSS21       | Long             | EC               | CORP              | HK        |   1214000 | NS      | $5432172.19   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                            | ORDINARY SHARES     | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | CN        |    376300 | NS      | $14140115.06  | 3.70%             |  |  |  | No            |                  2 | On Loan: No      |
| PING AN INSURANCE GROUP CO OF CHINA LTD         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900M9MC28JLN35U89       | Long             | EC               | CORP              | CN        |    963000 | NS      | $5965662.79   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| TATA CONSULTANCY SERVICES LTD                   | ORDINARY SHARES     | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    299803 | NS      | $12610966.77  | 3.30%             |  |  |  | No            |                  2 | On Loan: No      |
| LI NING CO LTD                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900T77L2FV3FZ3U81       | Long             | EC               | CORP              | CN        |    776000 | NS      | $6218790.45   | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| LEENO INDUSTRIAL INC                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     25964 | NS      | $3441352.32   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| COPA HOLDINGS SA                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     48408 | NS      | $4241993.04   | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| ABU DHABI ISLAMIC BANK PJSC                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493006DOLY8O98XHD74       | Long             | EC               | CORP              | AE        |   1110239 | NS      | $2905900.59   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM CASH COLLATERAL POOL LLC                 | SHORT TERM INV FUND | CUSIP: N/A<br>LEI: 5493005HRIV7IFMKD774       | Long             | STIV             | PF                | US        |   3627875 | NS      | $3627875.00   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM SHORT TERM INVESTMENT FUND               | SHORT TERM INV FUND | CUSIP: 74676P664<br>LEI: 5493003MK0Q7JP8CPP42 | Long             | STIV             | PF                | US        |   2537930 | NS      | $2537930.00   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO BTG PACTUAL SA                            | STOCK UNIT          | CUSIP: N/A<br>LEI: ZXLTQRYIK6IJH3R0IK66       | Long             | EC               | CORP              | BR        |    869800 | OU      | $4218806.98   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer