# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0001752724-25-153732
**Filing Date:** 2025-6
**Character Count:** 51213
**Document Hash:** 708b292a41f1186f33faa72c51d64056
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153732.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153732

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001005942

**ORGANIZATION NAME:**
- **EIN:** 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:** 251068694

**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 CORE EQUITY FUND (Series ID: S000029796)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000091525 | CLASS A         |  |
| C000091527 | CLASS C         |  |
| C000091529 | CLASS R         |  |
| C000091530 | CLASS Y         |  |
| C000203066 | Class R6 Shares |  |

## 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:** 617-292-1000

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

- **a. Name of Series:** Putnam Core Equity Fund

- **b. EDGAR series identifier (if any):** S000029796

- **c. LEI of Series:** 9OT97RDD7TVDM00HRZ61

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

- **a. Date of fiscal year-end:** 2025-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5152797096.64

**Total Liabilities:** $99522655.84

**Net Assets:** $5053274440.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000091525 | -1.88%               | -5.73%               | -1.57%               |
| Class ID C000091530 | -1.87%               | -5.71%               | -1.53%               |
| Class ID C000091527 | -1.94%               | -5.80%               | -1.61%               |
| Class ID C000091529 | -1.91%               | -5.76%               | -1.56%               |
| Class ID C000203066 | -1.86%               | -5.70%               | -1.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4483557.86              | $-103304894.85                             |
| Month 2  | $4701693.37              | $-308491900.20                             |
| Month 3  | $180874335.49            | $-75696471.67                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                          | CBRE Group, Inc., Class A                    | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    489251 | NS      | $59776687.18  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                              | Oracle Corp.                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    353013 | NS      | $49675989.36  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Coca-Cola Co. (The)                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |   5836129 | NC      | $3703.63      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp.                        | Lam Research Corp.                           | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    553634 | NS      | $39678948.78  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                           | BlackRock, Inc.                              | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |     19536 | NS      | $17860983.36  | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Exxon Mobil Corp.                         | Exxon Mobil Corp.                            | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    501276 | NS      | $52949783.88  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                             | Walmart, Inc.                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    844735 | NS      | $82150478.75  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                   | Permian Resources Corp., Class A             | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |   1042469 | NS      | $12301134.20  | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| CoStar Group, Inc.                        | CoStar Group, Inc.                           | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |    135846 | NS      | $10075697.82  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                              | NVIDIA Corp.                                 | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   2215630 | NS      | $241326419.60 | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp.                                | PG&E Corp.                                   | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |   3287477 | NS      | $54309120.04  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                          | Amazon.com, Inc.                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    911368 | NS      | $168074486.56 | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands, Inc.                     | Bloomin' Brands, Inc.                        | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    323568 | NS      | $2595015.36   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.           | Hilton Worldwide Holdings, Inc.              | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    129489 | NS      | $29197179.72  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp.                    | Northrop Grumman Corp.                       | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     39926 | NS      | $19423999.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Government Money Market Fund       | Putnam Government Money Market Fund, Class G | CUSIP: 74680A802<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | RF                | US        |  22835041 | NS      | $22835041.00  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                           | Eli Lilly & Co.                              | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     87579 | NS      | $78729142.05  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                            | Alphabet, Inc., Class C                      | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1026929 | NS      | $165222606.81 | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Floor & Decor Holdings, Inc.              | Floor & Decor Holdings, Inc., Class A        | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |     40895 | NS      | $2921538.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp.                               | Intel Corp.                                  | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    509920 | NS      | $10249392.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.     | International Business Machines Corp.        | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    124935 | NS      | $30211781.70  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                               | Apple, Inc.                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1367108 | NS      | $290510450.00 | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Vail Resorts, Inc.                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        | -12192570 | NC      | $-74107.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                        | Royalty Pharma plc, Class A                  | CUSIP: N/A<br>LEI: 549300FGFN7VOK8BZR03       | Long             | EC               | CORP              | GB        |    241128 | NS      | $7913820.96   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                      | NextEra Energy, Inc.                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    322040 | NS      | $21538035.20  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties, Inc.       | Gaming and Leisure Properties, Inc.          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |    806693 | NS      | $38608326.98  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                    | Southwest Airlines Co.                       | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |   1217868 | NS      | $34051589.28  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co. (The)                          | Boeing Co. (The)                             | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    146973 | NS      | $26931332.52  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                          | Fair Isaac Corp.                             | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      4690 | NS      | $9331599.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                             | Gartner, Inc.                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |     67425 | NS      | $28391319.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.             | Starwood Property Trust, Inc.                | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |    849906 | NS      | $16309696.14  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| NCR Voyix Corp.                           | NCR Voyix Corp.                              | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    417416 | NS      | $3577255.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Snap-on, Inc.                             | Snap-on, Inc.                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     30357 | NS      | $9526330.17   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                          | Kroger Co. (The)                             | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |    383224 | NS      | $27672605.04  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                         | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    306041 | NS      | $47837268.71  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                         | Merck & Co., Inc.                            | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    374027 | NS      | $31867100.40  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                          | Mastercard, Inc., Class A                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    192272 | NS      | $105376592.32 | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T, Inc.                                | AT&T, Inc.                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1578699 | NS      | $43729962.30  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla, Inc.                               | Tesla, Inc.                                  | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    259834 | NS      | $73314761.44  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica, Inc.                 | Lululemon Athletica, Inc.                    | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     38560 | NS      | $10440891.20  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                     | Assured Guaranty Ltd.                        | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |    193236 | NS      | $16952594.28  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nyxoah SA                                 | Nyxoah SA                                    | CUSIP: N/A<br>LEI: 5493002O1ESKZ18OXR80       | Long             | EC               | CORP              | BE        |    282458 | NS      | $1734292.12   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp.                               | Nucor Corp.                                  | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    185132 | NS      | $22099206.84  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp.                                 | LKQ Corp.                                    | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |    290709 | NS      | $11107990.89  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial, Inc.             | Raymond James Financial, Inc.                | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |    411632 | NS      | $56410049.28  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co., Inc.                           | KKR & Co., Inc.                              | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     96279 | NS      | $11001801.33  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                    | Home Depot, Inc. (The)                       | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     56791 | NS      | $20472587.59  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Cash Collateral Pool LLC           | Putnam Cash Collateral Pool LLC              | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        |  91911951 | NS      | $91911951.00  | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                | Corebridge Financial, Inc.                   | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |    655117 | NS      | $19411116.71  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Expanded Tech-Software Sector ETF | iShares Expanded Tech-Software Sector ETF    | CUSIP: 464287515<br>LEI: 54930072GM1ADLZJ5373 | Long             |  | RF                | US        |    482046 | NS      | $46310159.22  | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Viking Holdings Ltd.                      | Viking Holdings Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    507998 | NS      | $20843157.94  | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Adobe, Inc.                               | Adobe, Inc.                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     52525 | NS      | $19695824.50  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co.                               | Deere & Co.                                  | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     38989 | NS      | $18073740.84  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                | Bio-Rad Laboratories, Inc., Class A          | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |     42191 | NS      | $10297979.28  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                       | UMB Financial Corp.                          | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    208351 | NS      | $19703754.07  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan, Inc.                    | Freeport-McMoRan, Inc.                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    696799 | NS      | $25105667.97  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup, Inc.                           | Citigroup, Inc.                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    794507 | NS      | $54328388.66  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Russell 2000 E-Mini Index                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       615 | NC      | $-1185697.97  | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca plc                           | AstraZeneca plc                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    208207 | NS      | $14947180.53  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.                      | Otis Worldwide Corp.                         | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    635366 | NS      | $61166684.82  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                            | Broadcom, Inc.                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    445143 | NS      | $85676673.21  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                            | McKesson Corp.                               | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     83493 | NS      | $59512975.47  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT, Inc.                                 | ADT, Inc.                                    | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    630874 | NS      | $5059609.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                      | Meta Platforms, Inc., Class A                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    251767 | NS      | $138220083.00 | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                             | Medtronic plc                                | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    179720 | NS      | $15233067.20  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | S&P 500 E-Mini Index                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       404 | NC      | $15320.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd.                   | Arch Capital Group Ltd.                      | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |    295978 | NS      | $26839285.04  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                             | Comcast Corp., Class A                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    301680 | NS      | $10317456.00  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy, Inc.                             | GoDaddy, Inc., Class A                       | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |    151284 | NS      | $28491315.72  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp.                    | Antero Resources Corp.                       | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    550926 | NS      | $19188752.58  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp.                    | Tenet Healthcare Corp.                       | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    153858 | NS      | $21994001.10  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp                         | Five Star Bancorp                            | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |    278099 | NS      | $7697780.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                       | Cisco Systems, Inc.                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    859966 | NS      | $49645837.18  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Berkshire Hathaway, Inc.                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        | -24907975 | NC      | $-1565336.64  | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Guardian Pharmacy Services, Inc.          | Guardian Pharmacy Services, Inc., Class A    | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    414974 | NS      | $10390948.96  | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Fifth Third Bancorp                       | Fifth Third Bancorp                          | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |    323527 | NS      | $11627560.38  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores, Inc.              | Casey's General Stores, Inc.                 | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     34390 | NS      | $15908470.10  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                      | JPMorgan Chase & Co.                         | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    310647 | NS      | $75990469.14  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                  | Berkshire Hathaway, Inc., Class B            | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    225217 | NS      | $120096965.25 | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                            | Morgan Stanley                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     43619 | NS      | $5034504.98   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                  | U.S. Treasury Bills                          | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  15600000 | PA      | $15327754.73  | 0.30%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management, Inc.            | Apollo Global Management, Inc.               | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    478009 | NS      | $65238668.32  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.                | Constellation Energy Corp.                   | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     64776 | NS      | $14473549.44  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos., Inc.                         | Lowe's Cos., Inc.                            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    215327 | NS      | $48138504.12  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG, Inc.                                 | TPG, Inc., Class A                           | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |    255875 | NS      | $11885393.75  | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Target Corp.                              | Target Corp.                                 | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |    219926 | NS      | $21266844.20  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                            | ConocoPhillips                               | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    420738 | NS      | $37496170.56  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co. (The)                       | Coca-Cola Co. (The)                          | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    872592 | NS      | $63306549.60  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours, Inc.                   | DuPont de Nemours, Inc.                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    150520 | NS      | $9932814.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardent Health Partners, Inc.              | Ardent Health Partners, Inc.                 | CUSIP: 03980N107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    790636 | NS      | $10064796.28  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                | Ameriprise Financial, Inc.                   | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |    136989 | NS      | $64524558.78  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                | Procter & Gamble Co. (The)                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    271138 | NS      | $44078904.66  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue, Inc.                              | Kenvue, Inc.                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    961134 | NS      | $22682762.40  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor plc                                 | Amcor plc                                    | CUSIP: N/A<br>LEI: 549300GSODGFCDQ3DI89       | Long             | EC               | CORP              | JE        |   1695326 | NS      | $15596994.60  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                        | Putnam Short Term Investment Fund, Class P   | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        | 197369048 | NS      | $197369048.00 | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Asset Securitization LLC         | Atlantic Asset Securitization LLC            | CUSIP: 04821TUN3<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24744237.50  | 0.49%             | 2025-07-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Universal Music Group NV                  | Universal Music Group NV                     | CUSIP: N/A<br>LEI: 724500GJBUL3D9TW9Y18       | Long             | EC               | CORP              | NL        |    917693 | NS      | $26985194.42  | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)           | Goldman Sachs Group, Inc. (The)              | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    121429 | NS      | $66488448.95  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                     | Walt Disney Co. (The)                        | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    272910 | NS      | $24821164.50  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                  | U.S. Treasury Bills                          | CUSIP: 912797LB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1600000 | PA      | $1597380.45   | 0.03%             | 2025-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                               | Amgen, Inc.                                  | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     67184 | NS      | $19545169.28  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                             | Medtronic plc                                | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     26185 | NS      | $2219440.60   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                           | Microsoft Corp.                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    739176 | NS      | $292166705.76 | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co.                 | Molson Coors Beverage Co., Class B           | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |    400624 | NS      | $23047898.72  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                     | Bank of America Corp.                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1579475 | NS      | $62989463.00  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp. (The)       | Bank of New York Mellon Corp. (The)          | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |    634530 | NS      | $51022557.30  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.             | Honeywell International, Inc.                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    128575 | NS      | $27065037.50  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First Watch Restaurant Group, Inc.        | First Watch Restaurant Group, Inc.           | CUSIP: 33748L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    346110 | NS      | $6112302.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Otis Worldwide Corp.                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        | -18270630 | NC      | $-2278.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp.                                 | RTX Corp.                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    159387 | NS      | $20103482.31  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare, Inc.                      | HCA Healthcare, Inc.                         | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |     35826 | NS      | $12362836.08  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health, Inc.                     | Elevance Health, Inc.                        | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     31397 | NS      | $13204950.26  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                              | AbbVie, Inc.                                 | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    242105 | NS      | $47234685.50  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp.                       | Union Pacific Corp.                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    213152 | NS      | $45968360.32  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties, Inc.           | Armada Hoffler Properties, Inc.              | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |   1727559 | NS      | $11695574.43  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.           | Regeneron Pharmaceuticals, Inc.              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     39509 | NS      | $23656408.84  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                      | United Rentals, Inc.                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     37374 | NS      | $23599812.30  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings, Inc.                     | Karman Holdings, Inc.                        | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45315 | NS      | $1620011.25   | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Hershey Co. (The)                         | Hershey Co. (The)                            | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     49639 | NS      | $8299144.41   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                       | Coca-Cola Co. (The)                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        | -12329925 | NC      | $-86352.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                  | UnitedHealth Group, Inc.                     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    123564 | NS      | $50839172.16  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co.                        | General Motors Co.                           | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    329491 | NS      | $14906172.84  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.            | Thermo Fisher Scientific, Inc.               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     32555 | NS      | $13966095.00  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                               | FedEx Corp.                                  | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     63045 | NS      | $13260254.85  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                | Highwoods Properties, Inc.                   | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |    368043 | NS      | $10467142.92  | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                          | McDonald's Corp.                             | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    108204 | NS      | $34587408.60  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.              | Charter Communications, Inc., Class A        | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     23591 | NS      | $9244369.26   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| PulteGroup, Inc.                          | PulteGroup, Inc.                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    381002 | NS      | $39083185.16  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp.                          | CVS Health Corp.                             | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    276519 | NS      | $18446582.49  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co. (The)                  | New York Times Co. (The), Class A            | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |    248926 | NS      | $12959087.56  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts, Inc.                     | Electronic Arts, Inc.                        | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |    128826 | NS      | $18691364.34  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM, Inc.                            | QUALCOMM, Inc.                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    181368 | NS      | $26925893.28  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                          | NRG Energy, Inc.                             | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    425062 | NS      | $46578293.96  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                        | Vail Resorts, Inc.                           | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     71721 | NS      | $9983563.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Eastman Chemical Co.                      | Eastman Chemical Co.                         | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |    269077 | NS      | $20718929.00  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce, Inc.                          | Salesforce, Inc.                             | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    161308 | NS      | $43345072.68  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co.                       | Graham Holdings Co., Class B                 | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |     11259 | NS      | $10358842.95  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.           | Jefferies Financial Group, Inc.              | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |    162467 | NS      | $7592082.91   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay, Inc.                                | eBay, Inc.                                   | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    226287 | NS      | $15423721.92  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp.                              | Cintas Corp.                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57098 | NS      | $12086504.64  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co., Inc.                        | Best Buy Co., Inc.                           | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    250869 | NS      | $16730453.61  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer