# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0002071691-26-001202
**Filing Date:** 2026-1
**Character Count:** 42351
**Document Hash:** c08b1425e7512c3f626319562f646108
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-001202.hdr.sgml**: 20260127

**ACCESSION NUMBER**: 0002071691-26-001202

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260127

**DATE AS OF CHANGE**: 20260127

**PERIOD START**: 20260228

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07237
- **FILM NUMBER:** 26562761

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM EQUITY FUNDS
- **DATE OF NAME CHANGE:** 19941028

## Series and Classes Contracts Data

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

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000010787 | Class A Shares | PSLAX           |
| C000010789 | Class C Shares | PSLCX           |
| C000010791 | Class Y Shares | PYSVX           |
| C000049250 | CLASS R        |  |
| C000135941 | Class R6       |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam Investment Funds

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-11-30

**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:** $290632881.70

**Total Liabilities:** $21721353.41

**Net Assets:** $268911528.29

**Cash Not Reported:** $11444.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010787 | -1.75%               | -2.52%               | 2.84%                |
| Class ID C000010789 | -1.80%               | -2.56%               | 2.82%                |
| Class ID C000010791 | -1.74%               | -2.51%               | 2.93%                |
| Class ID C000049250 | -1.76%               | -2.55%               | 2.88%                |
| Class ID C000135941 | -1.67%               | -2.55%               | 2.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2370817.54              | $-7493714.63                               |
| Month 2  | $3130403.70              | $-9926883.17                               |
| Month 3  | $374353.16               | $6873386.10                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abacus Global Management, Inc.           | Abacus Global Management, Inc.             | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    413800 | NS      | $2743494.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Academy Sports & Outdoors, Inc.          | Academy Sports & Outdoors, Inc.            | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     60500 | NS      | $2919125.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Algonquin Power & Utilities Corp.        | Algonquin Power & Utilities Corp.          | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |    403600 | NS      | $2486176.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals, Inc.             | Amneal Pharmaceuticals, Inc.               | CUSIP: 03168L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216200 | NS      | $2706824.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp.                   | Antero Resources Corp.                     | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     96600 | NS      | $3519138.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Aramark                                  | Aramark                                    | CUSIP: 03852U106<br>LEI: 549300MR6PG2DWZUIL39 | Long             | EC               | CORP              | US        |     47450 | NS      | $1763716.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks, Inc.                     | Aviat Networks, Inc.                       | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    129849 | NS      | $2870961.39   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidbank Holdings, Inc.                  | Avidbank Holdings, Inc.                    | CUSIP: 05368J103<br>LEI: 54930029UJ8M0B84EE44 | Long             | EC               | CORP              | US        |     89948 | NS      | $2352140.20   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidia Bancorp, Inc.                     | Avidia Bancorp, Inc.                       | CUSIP: 05369T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54740 | NS      | $866534.20    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                     | Axos Financial, Inc.                       | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     41550 | NS      | $3414579.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp, Inc. (The)                      | Bancorp, Inc. (The)                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     30900 | NS      | $1979763.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                 | Bank OZK                                   | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     35600 | NS      | $1638312.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| BioMarin Pharmaceutical, Inc.            | BioMarin Pharmaceutical, Inc.              | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     22900 | NS      | $1280797.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud, Inc.                          | Blackbaud, Inc.                            | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     35000 | NS      | $1973300.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackboxstocks, Inc.                     | Blackboxstocks, Inc.                       | CUSIP: 09229E303<br>LEI: 549300MNYTH4SEBRIO25 | Long             | EC               | CORP              | US        |     65500 | NS      | $457190.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Blue Bird Corp.                          | Blue Bird Corp.                            | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     48800 | NS      | $2548336.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.             | Brixmor Property Group, Inc.               | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     87900 | NS      | $2297706.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.               | Broadstone Net Lease, Inc.                 | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    133000 | NS      | $2336810.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Putnam Cash Collateral Pool LLC          | Putnam Cash Collateral Pool LLC            | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        |  21263853 | NS      | $21263853.20  | 7.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Business First Bancshares, Inc.          | Business First Bancshares, Inc.            | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     89600 | NS      | $2331392.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Camping World Holdings, Inc.             | Camping World Holdings, Inc., Class A      | CUSIP: 13462K109<br>LEI: 549300E828QQI7MWI432 | Long             | EC               | CORP              | US        |    189725 | NS      | $2123022.75   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.              | Casella Waste Systems, Inc., Class A       | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     30200 | NS      | $2910978.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries, Inc.                   | Cavco Industries, Inc.                     | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3700 | NS      | $2203905.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                  | Coastal Financial Corp.                    | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     25702 | NS      | $2861917.70   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis, Inc.                            | Codexis, Inc.                              | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    529200 | NS      | $915516.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu, Inc.                               | Cohu, Inc.                                 | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    116700 | NS      | $2838144.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Bancgroup, Inc.               | Commercial Bancgroup, Inc.                 | CUSIP: 20112C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70041 | NS      | $1732113.93   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                         | Concentrix Corp.                           | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     62000 | NS      | $2245020.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| ConnectOne Bancorp, Inc.                 | ConnectOne Bancorp, Inc.                   | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |    114824 | NS      | $2901602.48   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources, Inc.             | Core Natural Resources, Inc.               | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     35800 | NS      | $2864000.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group, Inc.           | Covenant Logistics Group, Inc., Class A    | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123600 | NS      | $2464584.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf, Inc.                    | Diebold Nixdorf, Inc.                      | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |     37700 | NS      | $2432404.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International, Inc. | Major Drilling Group International, Inc.   | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    371500 | NS      | $3471888.08   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DocGo, Inc.                              | DocGo, Inc.                                | CUSIP: 256086109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    352000 | NS      | $362560.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital, Inc.                      | Dynex Capital, Inc.                        | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |    123800 | NS      | $1734438.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.               | Encore Capital Group, Inc.                 | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     52000 | NS      | $2698280.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks, Inc.                   | Extreme Networks, Inc.                     | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    148300 | NS      | $2595250.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp                        | Five Star Bancorp                          | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     90797 | NS      | $3131588.53   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp.                              | Fluor Corp.                                | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     39700 | NS      | $1704321.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.           | American Healthcare REIT, Inc.             | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |     51400 | NS      | $2610092.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust, Inc.            | Healthcare Realty Trust, Inc., Class A     | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    124900 | NS      | $2276927.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Holley, Inc.                             | Holley, Inc.                               | CUSIP: 43538H103<br>LEI: 254900EEM9JI9G1A4D88 | Long             | EC               | CORP              | US        |   1285156 | NS      | $5474764.56   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.              | Horace Mann Educators Corp.                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     53331 | NS      | $2441493.18   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals, Inc.                    | Hudbay Minerals, Inc.                      | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |    173700 | NS      | $2945952.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| ICF International, Inc.                  | ICF International, Inc.                    | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |     31900 | NS      | $2489476.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp.                           | Ingevity Corp.                             | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     53700 | NS      | $2804751.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries, Inc.                 | Insteel Industries, Inc.                   | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     85300 | NS      | $2608474.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill, Inc.                             | J Jill, Inc.                               | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    115165 | NS      | $1817303.70   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics, Inc.                 | Janux Therapeutics, Inc.                   | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49342 | NS      | $1682068.78   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Jefferson Capital, Inc.                  | Jefferson Capital, Inc.                    | CUSIP: 47248R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134278 | NS      | $2815809.66   | 1.05%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                      | Academy Sports & Outdoors, Inc.            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   -395440 | NC      | $-5705.12     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| La-Z-Boy, Inc.                           | La-Z-Boy, Inc.                             | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     66900 | NS      | $2603748.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp.                     | Ladder Capital Corp., Class A              | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    257753 | NS      | $2848170.65   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt, Inc.                    | Leggett & Platt, Inc.                      | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    304400 | NS      | $3123144.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group, Inc.            | LifeStance Health Group, Inc.              | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    515200 | NS      | $3348800.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                          | M/I Homes, Inc.                            | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     17200 | NS      | $2366548.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd.                       | Steven Madden Ltd.                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     73100 | NS      | $3054118.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Magnolia Oil & Gas Corp.                 | Magnolia Oil & Gas Corp., Class A          | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94825 | NS      | $2194250.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| MasterCraft Boat Holdings, Inc.          | MasterCraft Boat Holdings, Inc.            | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |    168224 | NS      | $3108779.52   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                             | Mattel, Inc.                               | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    138500 | NS      | $2925120.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| McGraw Hill, Inc.                        | McGraw Hill, Inc.                          | CUSIP: 580907103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94928 | NS      | $1665986.40   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| MediaAlpha, Inc.                         | MediaAlpha, Inc., Class A                  | CUSIP: 58450V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219000 | NS      | $2794440.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp.          | Metropolitan Bank Holding Corp.            | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41014 | NS      | $3060054.54   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp, Inc.                   | Mid Penn Bancorp, Inc.                     | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87000 | NS      | $2539530.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group, Inc.         | MidWestOne Financial Group, Inc.           | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60628 | NS      | $2399049.96   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MiMedx Group, Inc.                       | MiMedx Group, Inc.                         | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    403588 | NS      | $2776685.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp, Inc.                        | NBT Bancorp, Inc.                          | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35300 | NS      | $1463538.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp.                      | Rithm Capital Corp.                        | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    241650 | NS      | $2776558.50   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group, Inc.                      | Newmark Group, Inc., Class A               | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152700 | NS      | $2653926.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Nicolet Bankshares, Inc.                 | Nicolet Bankshares, Inc.                   | CUSIP: 65406E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8600 | NS      | $1083428.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp, Inc.                   | Northrim BanCorp, Inc.                     | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |    120400 | NS      | $2957024.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass, Inc.                          | O-I Glass, Inc.                            | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166716 | NS      | $2247331.68   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                              | OFG Bancorp                                | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     41600 | NS      | $1652768.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Onity Group, Inc.                        | Onity Group, Inc.                          | CUSIP: 675746606<br>LEI: 549300DDD1YQ8EIAT278 | Long             | EC               | CORP              | US        |     54400 | NS      | $2423520.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health, Inc.                 | Option Care Health, Inc.                   | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     80850 | NS      | $2514435.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                 | Perdoceo Education Corp.                   | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     92600 | NS      | $2589096.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp.                  | Permian Resources Corp., Class A           | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    216437 | NS      | $3136172.13   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                            | Popular, Inc.                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     24300 | NS      | $2787453.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.            | Portland General Electric Co.              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     49800 | NS      | $2530836.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Proficient Auto Logistics, Inc.          | Proficient Auto Logistics, Inc.            | CUSIP: 74317M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    322517 | NS      | $2631738.72   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Putnam Short Term Investment Fund        | Putnam Short Term Investment Fund, Class P | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   1128882 | NS      | $1128881.81   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Quipt Home Medical Corp.                 | Quipt Home Medical Corp.                   | CUSIP: 74880P104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    576869 | NS      | $1407560.36   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                             | RadNet, Inc.                               | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     30685 | NS      | $2540411.15   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.               | Resideo Technologies, Inc.                 | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    100824 | NS      | $3326183.76   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral, Inc.                        | RingCentral, Inc., Class A                 | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     83800 | NS      | $2366512.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings, Inc.                    | Silgan Holdings, Inc.                      | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     52500 | NS      | $2081100.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| SkyWest, Inc.                            | SkyWest, Inc.                              | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     28900 | NS      | $2933928.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings, Inc.             | Southwest Gas Holdings, Inc.               | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     39000 | NS      | $3238950.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.            | Standard Motor Products, Inc.              | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     52300 | NS      | $1963342.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase, Inc.                          | Steelcase, Inc., Class A                   | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |    162100 | NS      | $2640609.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.               | Taylor Morrison Home Corp., Class A        | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     51850 | NS      | $3250476.50   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares, Inc.             | Third Coast Bancshares, Inc.               | CUSIP: 88422P109<br>LEI: 254900LW0YOTBYSQCK19 | Long             | EC               | CORP              | US        |     64900 | NS      | $2473339.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands, Inc.               | Turning Point Brands, Inc.                 | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     26655 | NS      | $2669764.80   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Turtle Beach Corp.                       | Turtle Beach Corp.                         | CUSIP: 900450206<br>LEI: 549300SZRV8U8PXSYI20 | Long             | EC               | CORP              | US        |    112400 | NS      | $1560112.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Tutor Perini Corp.                       | Tutor Perini Corp.                         | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     30100 | NS      | $2063355.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                      | UMB Financial Corp.                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     20300 | NS      | $2254924.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                     | UFP Industries, Inc.                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     12800 | NS      | $1190272.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                     | UMH Properties, Inc.                       | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     73600 | NS      | $1113568.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceutical, Inc.          | Ultragenyx Pharmaceutical, Inc.            | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     54600 | NS      | $1897350.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifi, Inc.                              | Unifi, Inc.                                | CUSIP: 904677200<br>LEI: 549300MW5LPO0M2LNO04 | Long             | EC               | CORP              | US        |     47618 | NS      | $166186.82    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp.                             | Unitil Corp.                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17900 | NS      | $899117.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                  | Valley National Bancorp                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    239100 | NS      | $2706612.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                | V2X, Inc.                                  | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45962 | NS      | $2521015.70   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte, Inc.                           | Veracyte, Inc.                             | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     99240 | NS      | $4698021.60   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.             | Vishay Intertechnology, Inc.               | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    177700 | NS      | $2429159.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                    | Walker & Dunlop, Inc.                      | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51961 | NS      | $3358759.04   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan America SA                         | Titan America SA                           | CUSIP: N/A<br>LEI: 9845007APCB6462D6C46       | Long             | EC               | CORP              | BE        |    113292 | NS      | $1839862.08   | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Critical Metals Corp.                    | Critical Metals Corp.                      | CUSIP: N/A<br>LEI: 984500158752F66VAE27       | Long             | EC               | CORP              | VG        |     54892 | NS      | $451761.16    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Gates Industrial Corp. plc               | Gates Industrial Corp. plc                 | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |     88582 | NS      | $2016126.32   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd.                       | Helen of Troy Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     90600 | NS      | $1716870.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd.                       | IBEX Holdings Ltd.                         | CUSIP: N/A<br>LEI: 5493000GRFLPVYU2CX17       | Long             | EC               | CORP              | BM        |    100297 | NS      | $3529451.43   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd.                      | Ichor Holdings Ltd.                        | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | KY        |    156289 | NS      | $2625655.20   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings plc                      | Tronox Holdings plc                        | CUSIP: N/A<br>LEI: 549300NRVC84SGJSXV06       | Long             | EC               | CORP              | GB        |    649506 | NS      | $2688954.84   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co. plc                          | Perrigo Co. plc                            | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | IE        |    121800 | NS      | $1626030.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Ardmore Shipping Corp.                   | Ardmore Shipping Corp.                     | CUSIP: N/A<br>LEI: 549300J8HD7K6BHD8O28       | Long             | EC               | CORP              | MH        |    204200 | NS      | $2497366.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer