# EDGAR Filing Document

**Accession Number:** 0001845809
**File Stem:** 0000869392-23-000699
**Filing Date:** 2023-3
**Character Count:** 111504
**Document Hash:** ce99505dfc53c386832d98626fe9853f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000869392-23-000699.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0000869392-23-000699

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Putnam ETF Trust
- **CENTRAL INDEX KEY:** 0001845809
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23643
- **FILM NUMBER:** 23774626

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

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

## Series and Classes Contracts Data

### Putnam PanAgora ESG International Equity ETF (Series ID: S000077301)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000237598 | -            |  |

## Nport-Ex

------

---

| |
|:---|
| **Putnam PanAgora ESG International Equity ETF** |
| **The fund's portfolio** |
| **1/31/23 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS (99.2%)<sup>***(a)***</sup>** | **COMMON STOCKS (99.2%)<sup>***(a)***</sup>** | **COMMON STOCKS (99.2%)<sup>***(a)***</sup>** |
| | **Shares** | **Value** |
| **Aerospace and defense (2.0%)** | **Aerospace and defense (2.0%)** | **Aerospace and defense (2.0%)** |
| Airbus SE (France) | 197 | $24684 |
| BAE Systems PLC (United Kingdom) | 2445 | 25840 |
|  |  | **50524** |
| **Air freight and logistics (1.0%)** | **Air freight and logistics (1.0%)** | **Air freight and logistics (1.0%)** |
| DSV A/S (Denmark) | 152 | 25101 |
|  |  | **25101** |
| **Auto components (0.5%)** | **Auto components (0.5%)** | **Auto components (0.5%)** |
| Hella GmbH & Co. KGaA (Germany) | 30 | 2520 |
| Pirelli & C SpA (Italy) | 494 | 2470 |
| Valeo (France) | 337 | 7350 |
|  |  | **12340** |
| **Automobiles (3.1%)** | **Automobiles (3.1%)** | **Automobiles (3.1%)** |
| Bayerische Motoren Werke AG (Germany) | 251 | 25426 |
| Isuzu Motors, Ltd. (Japan) | 963 | 12164 |
| Toyota Motor Corp. (Japan) | 355 | 5151 |
| Volkswagen AG (Preference) (Germany) | 178 | 24592 |
| Yamaha Motor Co., Ltd. (Japan) | 490 | 12055 |
|  |  | **79388** |
| **Banks (11.3%)** | **Banks (11.3%)** | **Banks (11.3%)** |
| Banco Bilbao Vizcaya Argentaria SA (Spain) | 3385 | 23824 |
| Barclays PLC (United Kingdom) | 11588 | 26576 |
| BAWAG Group AG (Austria) | 44 | 2721 |
| Commonwealth Bank of Australia (Australia) | 66 | 5154 |
| Credit Agricole SA (France) | 1942 | 23358 |
| DBS Group Holdings, Ltd. (Singapore) | 1044 | 28580 |
| HSBC Holdings PLC (United Kingdom) | 2657 | 19588 |
| Mebuki Financial Group, Inc. (Japan) | 1000 | 2597 |
| Mitsubishi UFJ Financial Group, Inc. (Japan) | 4700 | 34498 |
| National Australia Bank, Ltd. (Australia) | 1417 | 31938 |
| NatWest Group PLC (United Kingdom) | 6300 | 23970 |
| Nordea Bank ABP (Finland) | 2290 | 26705 |
| Raiffeisen Bank International AG (Austria)<sup>***(NON)***</sup> | 139 | 2490 |
| Skandinaviska Enskilda Banken AB (Sweden) | 1931 | 23350 |
| UniCredit SpA (Italy) | 571 | 11128 |
|  |  | **286477** |
| **Beverages (3.8%)** | **Beverages (3.8%)** | **Beverages (3.8%)** |
| Asahi Group Holdings, Ltd. (Japan) | 702 | 23206 |
| Diageo PLC (United Kingdom) | 819 | 35584 |
| Pernod Ricard SA (France) | 129 | 26691 |
| Treasury Wine Estates, Ltd. (Australia) | 1177 | 12121 |
|  |  | **97602** |
| **Biotechnology (0.8%)** | **Biotechnology (0.8%)** | **Biotechnology (0.8%)** |
| Genmab A/S (Denmark)<sup>***(NON)***</sup> | 34 | 13300 |
| Swedish Orphan Biovitrum AB (Sweden)<sup>***(NON)***</sup> | 276 | 6149 |
|  |  | **19449** |
| **Building products (0.9%)** | **Building products (0.9%)** | **Building products (0.9%)** |
| ASSA ABLOY AB Class B (Sweden) | 1008 | 23757 |
|  |  | **23757** |
| **Capital markets (3.1%)** | **Capital markets (3.1%)** | **Capital markets (3.1%)** |
| 3i Group PLC (United Kingdom) | 1282 | 24999 |
| Julius Baer Group, Ltd. (Switzerland) | 347 | 22235 |
| UBS Group AG (Switzerland) | 1483 | 31577 |
|  |  | **78811** |
| **Chemicals (3.4%)** | **Chemicals (3.4%)** | **Chemicals (3.4%)** |
| Clariant AG (Switzerland)<sup>***(NON)***</sup> | 204 | 3497 |
| Givaudan SA (Switzerland) | 7 | 22720 |
| Johnson Matthey PLC (United Kingdom) | 299 | 8350 |
| Koninklijke DSM NV (Netherlands) | 59 | 7586 |
| Mitsubishi Chemical Group Corp. (Japan) | 500 | 2804 |
| Nutrien, Ltd. (Canada) | 32 | 2649 |
| OCI NV (Netherlands) | 152 | 5170 |
| Symrise AG (Germany) | 195 | 20660 |
| Umicore SA (Belgium) | 341 | 12892 |
|  |  | **86328** |
| **Commercial services and supplies (0.8%)** | **Commercial services and supplies (0.8%)** | **Commercial services and supplies (0.8%)** |
| Brambles, Ltd. (Australia) | 2258 | 19199 |
|  |  | **19199** |
| **Communications equipment (0.9%)** | **Communications equipment (0.9%)** | **Communications equipment (0.9%)** |
| Nokia OYJ ADR (Finland) | 5024 | 23914 |
|  |  | **23914** |
| **Construction and engineering (1.8%)** | **Construction and engineering (1.8%)** | **Construction and engineering (1.8%)** |
| Eiffage SA (France) | 136 | 14507 |
| Vinci SA (France) | 266 | 30009 |
|  |  | **44516** |
| **Containers and packaging (0.7%)** | **Containers and packaging (0.7%)** | **Containers and packaging (0.7%)** |
| DS Smith PLC (United Kingdom) | 578 | 2519 |
| Smurfit Kappa Group PLC (Ireland) | 380 | 15957 |
|  |  | **18476** |
| **Diversified telecommunication services (0.8%)** | **Diversified telecommunication services (0.8%)** | **Diversified telecommunication services (0.8%)** |
| Bezeq The Israeli Telecommunication Corp., Ltd. (Israel) | 3381 | 5589 |
| Spark NZ, Ltd. (New Zealand) | 3050 | 10285 |
| United Internet AG (Germany) | 159 | 3681 |
|  |  | **19555** |
| **Electric utilities (0.4%)** | **Electric utilities (0.4%)** | **Electric utilities (0.4%)** |
| Iberdrola SA (Spain) | 854 | 9987 |
|  |  | **9987** |
| **Electrical equipment (0.9%)** | **Electrical equipment (0.9%)** | **Electrical equipment (0.9%)** |
| Legrand SA (France) | 266 | 23776 |
|  |  | **23776** |
| **Energy equipment and services (0.2%)** | **Energy equipment and services (0.2%)** | **Energy equipment and services (0.2%)** |
| Subsea 7 SA (Norway) | 205 | 2550 |
| Worley, Ltd. (Australia) | 229 | 2520 |
|  |  | **5070** |
| **Entertainment (0.1%)** | **Entertainment (0.1%)** | **Entertainment (0.1%)** |
| Koei Tecmo Holdings Co., Ltd. (Japan) | 193 | 3511 |
|  |  | **3511** |
| **Equity real estate investment trusts (REITs) (1.1%)** | **Equity real estate investment trusts (REITs) (1.1%)** | **Equity real estate investment trusts (REITs) (1.1%)** |
| Covivio (France) | 77 | 5286 |
| Gecina SA (France) | 75 | 8889 |
| Klepierre SA (France) | 351 | 8913 |
| Land Securities Group PLC (United Kingdom) | 585 | 5130 |
|  |  | **28218** |
| **Food and staples retailing (1.4%)** | **Food and staples retailing (1.4%)** | **Food and staples retailing (1.4%)** |
| Kesko Oyj Class B (Finland) | 446 | 10388 |
| Koninklijke Ahold Delhaize NV (Netherlands) | 817 | 24348 |
|  |  | **34736** |
| **Food products (3.2%)** | **Food products (3.2%)** | **Food products (3.2%)** |
| Danone SA (France) | 473 | 25885 |
| Meiji Holdings Co., Ltd. (Japan) | 181 | 9330 |
| Nestle SA (Switzerland) | 288 | 35145 |
| Orkla ASA (Norway) | 1225 | 9149 |
| Suedzucker AG (Germany) | 154 | 2494 |
|  |  | **82003** |
| **Gas utilities (0.5%)** | **Gas utilities (0.5%)** | **Gas utilities (0.5%)** |
| Tokyo Gas Co., Ltd. (Japan) | 600 | 12535 |
|  |  | **12535** |
| **Health-care equipment and supplies (1.7%)** | **Health-care equipment and supplies (1.7%)** | **Health-care equipment and supplies (1.7%)** |
| ConvaTec Group PLC (United Kingdom) | 822 | 2376 |
| Olympus Corp. (Japan) | 872 | 16382 |
| Terumo Corp. (Japan) | 829 | 24072 |
|  |  | **42830** |
| **Health-care technology (0.1%)** | **Health-care technology (0.1%)** | **Health-care technology (0.1%)** |
| CompuGroup Medical SE & Co. KgaA (Germany) | 55 | 2568 |
|  |  | **2568** |
| **Hotels, restaurants, and leisure (1.5%)** | **Hotels, restaurants, and leisure (1.5%)** | **Hotels, restaurants, and leisure (1.5%)** |
| Aristocrat Leisure, Ltd. (Australia) | 947 | 22827 |
| Sodexo SA (France) | 144 | 14267 |
|  |  | **37094** |
| **Household durables (2.9%)** | **Household durables (2.9%)** | **Household durables (2.9%)** |
| Barratt Developments PLC (United Kingdom) | 446 | 2540 |
| Panasonic Holdings Corp. (Japan) | 200 | 1855 |
| Sekisui Chemical Co., Ltd. (Japan) | 586 | 8205 |
| Sekisui House, Ltd. (Japan) | 1000 | 18885 |
| Sony Group Corp. (Japan) | 374 | 33387 |
| Taylor Wimpey PLC (United Kingdom) | 5757 | 8344 |
|  |  | **73216** |
| **Household products (1.0%)** | **Household products (1.0%)** | **Household products (1.0%)** |
| Henkel AG & Co. KGaA (Germany) | 75 | 5004 |
| Henkel AG & Co. KGaA Vorzug (Preference) (Germany) | 290 | 20619 |
|  |  | **25623** |
| **Independent power and renewable electricity producers (0.3%)** | **Independent power and renewable electricity producers (0.3%)** | **Independent power and renewable electricity producers (0.3%)** |
| Meridian Energy, Ltd. (New Zealand) | 1406 | 4858 |
| Northland Power, Inc. (Canada) | 86 | 2310 |
|  |  | **7168** |
| **Industrial conglomerates (1.1%)** | **Industrial conglomerates (1.1%)** | **Industrial conglomerates (1.1%)** |
| CK Hutchison Holdings, Ltd. (Hong Kong) | 1183 | 7552 |
| Hitachi, Ltd. (Japan) | 365 | 19166 |
|  |  | **26718** |
| **Insurance (6.0%)** | **Insurance (6.0%)** | **Insurance (6.0%)** |
| Aegon NV (Netherlands) | 2911 | 15997 |
| AIA Group, Ltd. (Hong Kong) | 1743 | 19683 |
| Aviva PLC (United Kingdom) | 4131 | 23247 |
| Intact Financial Corp. (Canada) | 16 | 2321 |
| Legal & General Group PLC (United Kingdom) | 7277 | 22890 |
| Sampo Oyj Class A (Finland) | 310 | 16263 |
| Sompo Holdings, Inc. (Japan) | 500 | 21590 |
| Sun Life Financial, Inc. (Canada) | 51 | 2563 |
| Talanx AG (Germany) | 51 | 2516 |
| Tokio Marine Holdings, Inc. (Japan) | 1245 | 26060 |
|  |  | **153130** |
| **Interactive media and services (0.5%)** | **Interactive media and services (0.5%)** | **Interactive media and services (0.5%)** |
| Auto Trader Group PLC (United Kingdom) | 1535 | 11913 |
|  |  | **11913** |
| **Internet and direct marketing retail (0.1%)** | **Internet and direct marketing retail (0.1%)** | **Internet and direct marketing retail (0.1%)** |
| Just Eat Takeaway.com NV (Netherlands)<sup>***(NON)***</sup> | 52 | 1339 |
|  |  | **1339** |
| **IT Services (2.5%)** | **IT Services (2.5%)** | **IT Services (2.5%)** |
| Amadeus IT Holding SA Class A (Spain)<sup>***(NON)***</sup> | 365 | 22961 |
| Fujitsu, Ltd. (Japan) | 173 | 24775 |
| NEC Corp. (Japan) | 400 | 14443 |
| Sopra Steria Group SACA (France) | 15 | 2491 |
|  |  | **64670** |
| **Life sciences tools and services (0.8%)** | **Life sciences tools and services (0.8%)** | **Life sciences tools and services (0.8%)** |
| ICON PLC (Ireland)<sup>***(NON)***</sup> | 11 | 2538 |
| QIAGEN NV (Netherlands)<sup>***(NON)***</sup> | 371 | 18021 |
|  |  | **20559** |
| **Machinery (1.4%)** | **Machinery (1.4%)** | **Machinery (1.4%)** |
| GEA Group AG (Germany) | 247 | 11112 |
| Hitachi Construction Machinery Co., Ltd. (Japan) | 177 | 4178 |
| Mitsubishi Heavy Industries, Ltd. (Japan) | 519 | 20344 |
|  |  | **35634** |
| **Marine (0.2%)** | **Marine (0.2%)** | **Marine (0.2%)** |
| Nippon Yusen (Japan) | 209 | 4954 |
|  |  | **4954** |
| **Metals and mining (2.9%)** | **Metals and mining (2.9%)** | **Metals and mining (2.9%)** |
| ArcelorMittal SA (France) | 239 | 7390 |
| Boliden AB (Sweden) | 446 | 20055 |
| IGO, Ltd. (Australia) | 1111 | 11610 |
| JFE Holdings, Inc. (Japan) | 200 | 2637 |
| Mineral Resources, Ltd. (Australia) | 238 | 15092 |
| Norsk Hydro ASA (Norway) | 2190 | 17743 |
|  |  | **74527** |
| **Multi-utilities (1.1%)** | **Multi-utilities (1.1%)** | **Multi-utilities (1.1%)** |
| National Grid PLC (United Kingdom) | 2160 | 27475 |
|  |  | **27475** |
| **Multiline retail (1.1%)** | **Multiline retail (1.1%)** | **Multiline retail (1.1%)** |
| Wesfarmers, Ltd. (Australia) | 764 | 26959 |
|  |  | **26959** |
| **Oil, gas, and consumable fuels (2.9%)** | **Oil, gas, and consumable fuels (2.9%)** | **Oil, gas, and consumable fuels (2.9%)** |
| Ampol, Ltd. (Australia) | 390 | 8438 |
| ARC Resources, Ltd. (Canada) | 197 | 2289 |
| Beach Energy, Ltd. (Australia) | 2230 | 2394 |
| Enbridge, Inc. (Canada) | 60 | 2457 |
| Gaztransport Et Technigaz SA (France) | 22 | 2429 |
| Harbour Energy PLC (United Kingdom) | 630 | 2441 |
| Koninklijke Vopak NV (Netherlands) | 82 | 2474 |
| MEG Energy Corp. (Canada)<sup>***(NON)***</sup> | 167 | 2760 |
| Neste OYJ (Finland) | 478 | 22794 |
| Parkland Corp. (Canada) | 106 | 2490 |
| Pembina Pipeline Corp. (Canada) | 68 | 2413 |
| Suncor Energy, Inc. (Canada) | 76 | 2638 |
| Tourmaline Oil Corp. (Canada) | 47 | 2190 |
| Woodside Energy Group, Ltd. (Australia) | 626 | 16250 |
|  |  | **74457** |
| **Pharmaceuticals (9.0%)** | **Pharmaceuticals (9.0%)** | **Pharmaceuticals (9.0%)** |
| Astellas Pharma, Inc. (Japan) | 1387 | 20472 |
| AstraZeneca PLC ADR (United Kingdom) | 225 | 14708 |
| Novartis AG (Switzerland) | 574 | 51913 |
| Novo Nordisk A/S Class B (Denmark) | 361 | 49993 |
| Roche Holding AG (Switzerland) | 177 | 55318 |
| Shionogi & Co., Ltd. (Japan) | 431 | 20580 |
| UCB SA (Belgium) | 205 | 16818 |
|  |  | **229802** |
| **Professional services (1.7%)** | **Professional services (1.7%)** | **Professional services (1.7%)** |
| Bureau Veritas SA (France) | 478 | 13660 |
| Reed Elsevier (United Kingdom) | 989 | 29395 |
|  |  | **43055** |
| **Real estate management and development (2.7%)** | **Real estate management and development (2.7%)** | **Real estate management and development (2.7%)** |
| CK Asset Holdings, Ltd. (Hong Kong) | 3258 | 20816 |
| Daiwa House Industry Co., Ltd. (Japan) | 959 | 23041 |
| Nomura Real Estate Holdings, Inc. (Japan) | 194 | 4281 |
| Swiss Prime Site AG (Switzerland) | 61 | 5434 |
| Wharf Real Estate Investment Co., Ltd. (Hong Kong) | 2720 | 15608 |
|  |  | **69180** |
| **Semiconductors and semiconductor equipment (5.0%)** | **Semiconductors and semiconductor equipment (5.0%)** | **Semiconductors and semiconductor equipment (5.0%)** |
| Advantest Corp. (Japan) | 174 | 12441 |
| ASML Holding NV (NY Reg Shares) (Netherlands) | 97 | 64101 |
| Infineon Technologies AG (Germany) | 784 | 28044 |
| Tokyo Electron, Ltd. (Japan) | 67 | 23512 |
|  |  | **128098** |
| **Software (0.6%)** | **Software (0.6%)** | **Software (0.6%)** |
| Check Point Software Technologies, Ltd. (Israel)<sup>***(NON)***</sup> | 125 | 15900 |
|  |  | **15900** |
| **Specialty retail (1.1%)** | **Specialty retail (1.1%)** | **Specialty retail (1.1%)** |
| Industria de Diseno Textil SA (Spain) | 852 | 26606 |
|  |  | **26606** |
| **Textiles, apparel, and luxury goods (2.6%)** | **Textiles, apparel, and luxury goods (2.6%)** | **Textiles, apparel, and luxury goods (2.6%)** |
| Christian Dior SE (France) | 3 | 2589 |
| HUGO BOSS AG (Germany) | 39 | 2637 |
| Kering SA (France) | 35 | 21850 |
| LVMH Moet Hennessy Louis Vuitton SA (France) | 22 | 19219 |
| Moncler SpA (Italy) | 251 | 15725 |
| Pandora A/S (Denmark) | 41 | 3414 |
|  |  | **65434** |
| **Tobacco (0.9%)** | **Tobacco (0.9%)** | **Tobacco (0.9%)** |
| Imperial Brands PLC (United Kingdom) | 936 | 23465 |
|  |  | **23465** |
| **Trading companies and distributors (2.3%)** | **Trading companies and distributors (2.3%)** | **Trading companies and distributors (2.3%)** |
| AerCap Holdings NV (Ireland)<sup>***(NON)***</sup> | 203 | 12832 |
| Brenntag SE (Germany) | 251 | 18680 |
| Ferguson PLC (United Kingdom) | 17 | 2392 |
| IMCD NV (Netherlands) | 92 | 14591 |
| Mitsui & Co., Ltd. (Japan) | 335 | 9899 |
|  |  | **58394** |
| **Transportation infrastructure (0.4%)** | **Transportation infrastructure (0.4%)** | **Transportation infrastructure (0.4%)** |
| Auckland International Airport, Ltd. (New Zealand)<sup>***(NON)***</sup> | 2039 | 11223 |
|  |  | **11223** |
| **Wireless telecommunication services (2.1%)** | **Wireless telecommunication services (2.1%)** | **Wireless telecommunication services (2.1%)** |
| KDDI Corp. (Japan) | 925 | 28901 |
| SoftBank Corp. (Japan) | 2200 | 25165 |
|  |  | **54066** |
| **Total common stocks (cost $2,492,847)** |  | **$2521330** |

---

------

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS (0.2%)<sup>***(a)***</sup>** | **SHORT-TERM INVESTMENTS (0.2%)<sup>***(a)***</sup>** | **SHORT-TERM INVESTMENTS (0.2%)<sup>***(a)***</sup>** |
| | **Shares** | **Value** |
| Putnam Government Money Market Fund Class P 3.93%<sup>***(AFF)***</sup> | 4051 | $4051 |
| **Total short-term investments (cost $4,051)** |  | **$4051** |
| **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** | **TOTAL INVESTMENTS** |
| **Total investments (cost $2,496,898)** |  | **$2525381** |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** | ***Key to holding's abbreviations*** |
| ADR | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. | American Depository Receipts: Represents ownership of foreign securities on deposit with a custodian bank. |
|  | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** | **Notes to the fund's portfolio** |
|  | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from January 19, 2023 (commencement of operations) through January 31, 2023 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from January 19, 2023 (commencement of operations) through January 31, 2023 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from January 19, 2023 (commencement of operations) through January 31, 2023 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from January 19, 2023 (commencement of operations) through January 31, 2023 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from January 19, 2023 (commencement of operations) through January 31, 2023 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. | Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from January 19, 2023 (commencement of operations) through January 31, 2023 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 *Fair Value Measurements and Disclosures* and references to "OTC", if any, represent over-the-counter. |
| <sup>***(a)***</sup> | Percentages indicated are based on net assets of $2,541,607. | Percentages indicated are based on net assets of $2,541,607. | Percentages indicated are based on net assets of $2,541,607. | Percentages indicated are based on net assets of $2,541,607. | Percentages indicated are based on net assets of $2,541,607. | Percentages indicated are based on net assets of $2,541,607. |
| <sup>***(NON)***</sup> | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. | This security is non-income-producing. |
| <sup>***(AFF)***</sup> | Affiliated company. For investments in Putnam Government Money Market Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Government Money Market Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Government Money Market Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Government Money Market Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Government Money Market Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: | Affiliated company. For investments in Putnam Government Money Market Fund, the rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with any company which is under common ownership or control were as follows: |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Name of affiliate** | **Fair value<br>as of<br>1/19/23 (commencement of operations)** | **Purchase<br>cost** | **Sale<br>proceeds** | **Investment<br>income** | **Shares outstanding<br>and fair<br>value as of<br>1/31/23** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;**Short-term investments** |  |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Putnam Government Money Market Fund\*\*\* | $— | $20352 | $16301 | $1 | $4051 |
|  | **Total Short-term investments** | **$—** | **$20352** | **$16301** | **$1** | **$4051** |
|  | \*\*\* Management fees incurred through investment in Putnam Government Money Market Fund have been waived by the fund. There were no realized or unrealized gains or losses during the period. | \*\*\* Management fees incurred through investment in Putnam Government Money Market Fund have been waived by the fund. There were no realized or unrealized gains or losses during the period. | \*\*\* Management fees incurred through investment in Putnam Government Money Market Fund have been waived by the fund. There were no realized or unrealized gains or losses during the period. | \*\*\* Management fees incurred through investment in Putnam Government Money Market Fund have been waived by the fund. There were no realized or unrealized gains or losses during the period. | \*\*\* Management fees incurred through investment in Putnam Government Money Market Fund have been waived by the fund. There were no realized or unrealized gains or losses during the period. | \*\*\* Management fees incurred through investment in Putnam Government Money Market Fund have been waived by the fund. There were no realized or unrealized gains or losses during the period. |
|  | **DIVERSIFICATION BY COUNTRY** |  |  |  |  |  |
|  | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): |
|  | Japan | 20.9% |  |  |  |  |
|  | United Kingdom | 13.6 |  |  |  |  |
|  | France | 11.2 |  |  |  |  |
|  | Switzerland | 9 |  |  |  |  |
|  | Australia | 6.9 |  |  |  |  |
|  | Germany | 6.8 |  |  |  |  |
|  | Netherlands | 6.1 |  |  |  |  |
|  | Finland | 4 |  |  |  |  |
|  | Denmark | 3.6 |  |  |  |  |
|  | Spain | 3.3 |  |  |  |  |
|  | Sweden | 2.9 |  |  |  |  |
|  | Hong Kong | 2.5 |  |  |  |  |
|  | Ireland | 1.2 |  |  |  |  |
|  | Belgium | 1.2 |  |  |  |  |
|  | Norway | 1.2 |  |  |  |  |
|  | Italy | 1.2 |  |  |  |  |
|  | Singapore | 1.1 |  |  |  |  |
|  | Canada | 1.1 |  |  |  |  |
|  | New Zealand | 1 |  |  |  |  |
|  | Israel | 0.8 |  |  |  |  |
|  | Austria | 0.2 |  |  |  |  |
|  | United States | 0.2 |  |  |  |  |
|  | **Total** | **100.0%** |  |  |  |  |
|  | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | **Security valuation:** Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees oversee the implementation of these procedures and have delegated responsibility for valuing the fund's assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. |
|  | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. | Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. Short-term securities with remaining maturities of 60 days or less are valued using an independent pricing service approved by the Trustees, and are classified as Level 2 securities. |
|  | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. |
|  | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. |
|  | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. |

---

------

---

| | | | |
|:---|:---|:---|:---|
| ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: | ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund's investments. The three levels are defined as follows: |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 1:** Valuations based on quoted prices for identical securities in active markets. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 2:** Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |
| &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. | &nbsp;&nbsp;&nbsp;&nbsp;**Level 3:** Valuations based on inputs that are unobservable and significant to the fair value measurement. |
| The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: | The following is a summary of the inputs used to value the fund's net assets as of the close of the reporting period: |
|  | **Valuation inputs** | **Valuation inputs** | **Valuation inputs** |
| **Investments in securities:** | **Level 1** | **Level 2** | **Level 3** |
| **Common stocks\*:** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Communication services | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$89045 | &nbsp;&nbsp;&nbsp;&nbsp;$— |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer discretionary | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;322376 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer staples | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;263429 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Energy | &nbsp;&nbsp;&nbsp;&nbsp;17237 | &nbsp;&nbsp;&nbsp;&nbsp;62290 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Financials | &nbsp;&nbsp;&nbsp;&nbsp;4884 | &nbsp;&nbsp;&nbsp;&nbsp;513534 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Health care | &nbsp;&nbsp;&nbsp;&nbsp;17246 | &nbsp;&nbsp;&nbsp;&nbsp;297962 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrials | &nbsp;&nbsp;&nbsp;&nbsp;12832 | &nbsp;&nbsp;&nbsp;&nbsp;354019 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Information technology | &nbsp;&nbsp;&nbsp;&nbsp;103915 | &nbsp;&nbsp;&nbsp;&nbsp;128667 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Materials | &nbsp;&nbsp;&nbsp;&nbsp;2649 | &nbsp;&nbsp;&nbsp;&nbsp;176682 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Real estate | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;97398 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;Utilities | &nbsp;&nbsp;&nbsp;&nbsp;2310 | &nbsp;&nbsp;&nbsp;&nbsp;54855 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total common stocks** | **161073** | **2360257** | **—** |
| Short-term investments | 4051 |  |  |
| **Totals by level** | **$165124** | **$2360257** | **$—** |
| \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | \* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. |
| For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Putnam ETF Trust

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

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

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

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

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

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Putnam Panagora ESG International Equity ETF

- **b. EDGAR series identifier (if any):** S000077301

- **c. LEI of Series:** 549300JZREZTV1HA5N68

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2160911.55

**Total Liabilities:** $129039.77

**Net Assets:** $2031871.78

**Cash Not Reported:** $31638.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237598 |  |  |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4394.48                 | $27387.19                                  |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ARC RESOURCES LTD                                           | COMMON STOCK        | CUSIP: 00208D408<br>LEI: FIR47I6FEYKYNJBYW622 | Long             | EC               | CORP              | CA        |       158 | NS      | $1835.84      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                                             | COMMON STOCK - ADR  | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |        78 | NS      | $51545.52     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NOKIA OYJ                                                   | COMMON STOCK - ADR  | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |      4035 | NS      | $19206.60     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                             | COMMON STOCK - ADR  | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |       181 | NS      | $11831.97     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SYMRISE AG                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900D82I6R9601CF26       | Long             | EC               | CORP              | DE        |       157 | NS      | $16634.12     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA GROUP PLC                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 635400CPLP8H5ITDVT56       | Long             | EC               | CORP              | IE        |       305 | NS      | $12807.97     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPUGROUP MEDICAL SE  AND  CO KGAA                         | ORDINARY SHARES     | CUSIP: D193ZN100<br>LEI: 529900CUXZGOCJZR7O57 | Long             | EC               | CORP              | DE        |        44 | NS      | $2054.76      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299007V1ACKFFX2P066       | Long             | EC               | CORP              | AU        |       191 | NS      | $12111.96     | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BUREAU VERITAS SA                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |       384 | NS      | $10973.46     | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| KOEI TECMO HOLDINGS CO LTD                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800RQ25FIYLPYXP11       | Long             | EC               | CORP              | JP        |       155 | NS      | $2820.03      | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MEIJI HOLDINGS CO LTD                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299002D52YIP6DWMV49       | Long             | EC               | CORP              | JP        |       145 | NS      | $7474.28      | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| JULIUS BAER GROUP LTD                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299007MF0604ZGJER92       | Long             | EC               | CORP              | CH        |       279 | NS      | $17877.72     | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| BRENNTAG SE                                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: NNROIXVWJ7CPSR27SV97       | Long             | EC               | CORP              | DE        |       202 | NS      | $15032.93     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| SOMPO HOLDINGS INC                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800CWW4SRGEYEB512       | Long             | EC               | CORP              | JP        |       400 | NS      | $17272.06     | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| AMADEUS IT GROUP SA                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 9598004A3FTY3TEHHN09       | Long             | EC               | CORP              | ES        |       293 | NS      | $18431.74     | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| PANDORA A/S                                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |        33 | NS      | $2747.76      | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MEG ENERGY CORP                                             | ORDINARY SHARES     | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |       134 | NS      | $2214.62      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA GROUP LTD                                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |      1400 | NS      | $15809.52     | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| TOURMALINE OIL CORP                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300LCHLN94A7Y1572       | Long             | EC               | CORP              | CA        |        38 | NS      | $1770.98      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY WINE ESTATES LTD                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900LVOPJGAX6ILK66       | Long             | EC               | CORP              | AU        |       945 | NS      | $9731.73      | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| OCI NV                                                      | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300NCMRGIBJYUOE57       | Long             | EC               | CORP              | NL        |       122 | NS      | $4149.44      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| MONCLER SPA                                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 815600EBD7FB00525B20       | Long             | EC               | CORP              | IT        |       202 | NS      | $12655.20     | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| MEBUKI FINANCIAL GROUP INC                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800K1RXV3E3JAE812       | Long             | EC               | CORP              | JP        |       800 | NS      | $2077.98      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| GAZTRANSPORT ET TECHNIGAZ SA                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500BVOHVZUUFWDT54       | Long             | EC               | CORP              | FR        |        18 | NS      | $1987.07      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MERIDIAN ENERGY LTD                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 254900IFKXIGNCY3A092       | Long             | EC               | CORP              | NZ        |      1129 | NS      | $3901.00      | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |        74 | NS      | $11735.84     | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |      1191 | NS      | $25359.17     | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| HELLA GMBH  AND  CO KGAA                                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900PLX4ADJFWIY024       | Long             | EC               | CORP              | DE        |        24 | NS      | $2015.96      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AUTO TRADER GROUP PLC                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |      1233 | NS      | $9569.50      | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CK HUTCHISON HOLDINGS LTD                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | HK        |       950 | NS      | $6064.64      | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| CK ASSET HOLDINGS LTD                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |      2617 | NS      | $16720.68     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| JUST EAT TAKEAWAY.COM NV                                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 724500FVZIBSSQ7SHI95       | Long             | EC               | CORP              | NL        |        42 | NS      | $1081.68      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| CONVATEC GROUP PLC                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800LS272L4FIDOH92       | Long             | EC               | CORP              | GB        |       660 | NS      | $1907.64      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PIRELLI  AND  C SPA                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 815600A0C9AFC1F2A709       | Long             | EC               | CORP              | IT        |       397 | NS      | $1984.92      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WHARF REAL ESTATE INVESTMENT CO LTD                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900QLPKS8U9QOPB59       | Long             | EC               | CORP              | HK        |      2185 | NS      | $12537.88     | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG GROUP AG                                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900S9YO2JHTIIDG38       | Long             | EC               | CORP              | AT        |        35 | NS      | $2164.04      | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                 | ORDINARY SHARES     | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |        26 | NS      | $2152.22      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDEA BANK ABP                                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900ODI3047E2LIV03       | Long             | EC               | CORP              | FI        |      1839 | NS      | $21445.78     | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| VODAFONE HOLDINGS KK                                        | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800M1YCTS9JRBJ535       | Long             | EC               | CORP              | JP        |      1800 | NS      | $20592.72     | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BAYERISCHE MOTOREN WERKE AG                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |       202 | NS      | $20462.57     | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SPARK NEW ZEALAND LTD                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900HUN51H3Y7QBB66       | Long             | EC               | CORP              | NZ        |      2450 | NS      | $8261.57      | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| DAIWA HOUSE INDUSTRY CO LTD                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       770 | NS      | $18499.77     | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| ORKLA ASA                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |       984 | NS      | $7349.32      | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| DIAGEO PLC                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |       658 | NS      | $28588.52     | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVO NORDISK A/S                                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |       290 | NS      | $40160.25     | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| SAMPO OYJ                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 743700UF3RL386WIDA22       | Long             | EC               | CORP              | FI        |       249 | NS      | $13062.58     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |      1735 | NS      | $22068.93     | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE AHOLD DELHAIZE NV                               | ORDINARY SHARES     | CUSIP: N0139V100<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |       656 | NS      | $19549.55     | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| ADVANTEST CORP                                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800EMK32PDKS9XR54       | Long             | EC               | CORP              | JP        |       140 | NS      | $10009.66     | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| VALEO                                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493006IH2N2WMIBB742       | Long             | EC               | CORP              | FR        |       271 | NS      | $5910.84      | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVARTIS AG                                                 | ORDINARY SHARES     | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |       461 | NS      | $41693.14     | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK OF AUSTRALIA                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: MSFSBD3QN1GSN7Q6C537       | Long             | EC               | CORP              | AU        |        53 | NS      | $4138.86      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |      2134 | NS      | $15732.43     | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |       419 | NS      | $16424.00     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| NORSK HYDRO ASA                                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |      1759 | NS      | $14251.37     | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| FERGUSON PLC                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800DU1LGY3R2S2X42       | Long             | EC               | CORP              | GB        |        14 | NS      | $1969.82      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300TRUWO2CD2G5692       | Long             | EC               | CORP              | IT        |       459 | NS      | $8944.94      | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI LTD                                                 | ORDINARY SHARES     | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |       293 | NS      | $15385.01     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| IBERDROLA SA                                                | ORDINARY SHARES     | CUSIP: E6164R104<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |       686 | NS      | $8022.04      | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PANASONIC HOLDINGS CORP                                     | ORDINARY SHARES     | CUSIP: J6354Y104<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |       200 | NS      | $1854.84      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK LTD                                 | ORDINARY SHARES     | CUSIP: Q65336119<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | EC               | CORP              | AU        |      1138 | NS      | $25649.94     | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| SONY GROUP CORP                                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |       300 | NS      | $26781.01     | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO ELECTRON LIMITED                                      | ORDINARY SHARES     | CUSIP: J86957115<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |        54 | NS      | $18949.71     | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                           | ORDINARY SHARES     | CUSIP: J92676113<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |       285 | NS      | $4134.96      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ASTELLAS PHARMA INC                                         | ORDINARY SHARES     | CUSIP: J03393105<br>LEI: 529900IB708DY2HBBB35 | Long             | EC               | CORP              | JP        |      1114 | NS      | $16442.24     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| KERING SA                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300VGEJKB7SVUZR78       | Long             | EC               | CORP              | FR        |        28 | NS      | $17480.29     | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| SODEXO SA                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |       116 | NS      | $11492.60     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| WOODSIDE ENERGY GROUP LTD                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |       503 | NS      | $13057.19     | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| AEGON NV                                                    | ORDINARY SHARES     | CUSIP: N0089J123<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | EC               | CORP              | NL        |      2338 | NS      | $12848.02     | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| OLYMPUS CORP                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299000Y52IFDI1I2A21       | Long             | EC               | CORP              | JP        |       700 | NS      | $13151.03     | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| EIFFAGE SA                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500OQXKE5WDM9M994       | Long             | EC               | CORP              | FR        |       109 | NS      | $11626.59     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| SEKISUI HOUSE LTD                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900GMNDOYQSAJAE76       | Long             | EC               | CORP              | JP        |       800 | NS      | $15108.32     | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2138005O9XJIJN4JPN90       | Long             | EC               | CORP              | GB        |      5060 | NS      | $19251.72     | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I GROUP PLC                                                | ORDINARY SHARES     | CUSIP: G88473114<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |      1030 | NS      | $20084.84     | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| BEZEQ THE ISRAELI TELECOMMUNICATION CORP LTD                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800XCGZCFSWY9U863       | Long             | EC               | CORP              | IL        |      2716 | NS      | $4489.35      | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNCOR ENERGY INC                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300W70ZOQDVLCHY06       | Long             | EC               | CORP              | CA        |        61 | NS      | $2117.15      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUI  AND  CO LTD                                         | ORDINARY SHARES     | CUSIP: J44690139<br>LEI: 2NRSB4GOU9DD6CNW5R48 | Long             | EC               | CORP              | JP        |       269 | NS      | $7948.61      | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| NESTLE SA                                                   | ORDINARY SHARES     | CUSIP: H57312466<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |       231 | NS      | $28189.26     | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| GENMAB A/S                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |        27 | NS      | $10561.60     | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| DANONE SA                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |       380 | NS      | $20795.64     | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| YAMAHA MOTOR CO LTD                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 3538004LR5NXILJDHY88       | Long             | EC               | CORP              | JP        |       390 | NS      | $9595.12      | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| ICON PLC                                                    | ORDINARY SHARES     | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |         9 | NS      | $2076.39      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIVA PLC                                                   | ORDINARY SHARES     | CUSIP: G0683Q109<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |      3318 | NS      | $18671.67     | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| SHIONOGI  AND  CO., LTD                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |       346 | NS      | $16521.57     | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| CLARIANT AG                                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900VSEKBY7TMPP349       | Long             | EC               | CORP              | CH        |       164 | NS      | $2811.23      | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| GIVAUDAN SA                                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800SVRMQA1TD91D41       | Long             | EC               | CORP              | CH        |         6 | NS      | $19474.30     | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| NEC CORP                                                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493000QYMPFRTEY4K28       | Long             | EC               | CORP              | JP        |       321 | NS      | $11590.14     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| CHECK POINT SOFTWARE TECHNOLOGIES LTD                       | ORDINARY SHARES     | CUSIP: M22465104<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |       100 | NS      | $12720.00     | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: K8MS7FD7N5Z2WQ51AZ71       | Long             | EC               | CORP              | ES        |      2719 | NS      | $19136.73     | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| SUN LIFE FINANCIAL INC                                      | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300V040JZX5S66Z78       | Long             | EC               | CORP              | CA        |        41 | NS      | $2060.25      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS GROUP HOLDINGS LTD                                      | ORDINARY SHARES     | CUSIP: Y20246107<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |       844 | NS      | $23104.76     | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| WESFARMERS LTD                                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |       614 | NS      | $21665.60     | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800LBQA1Y9L22JB70       | Long             | EC               | CORP              | GB        |      9308 | NS      | $21346.67     | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| AIRBUS SE                                                   | ORDINARY SHARES     | CUSIP: F17114103<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |       158 | NS      | $19797.68     | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |      1964 | NS      | $20756.56     | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGAL  AND  GENERAL GROUP PLC                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800JH9QQWHLO99821       | Long             | EC               | CORP              | GB        |      5845 | NS      | $18385.34     | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| VINCI SA                                                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |       214 | NS      | $24142.39     | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| LAND SECURITIES GROUP PLC                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800V8IAVKS37D6B88       | Long             | EC               | CORP              | GB        |       470 | NS      | $4121.45      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| REED ELSEVIER                                               | ORDINARY SHARES     | CUSIP: 758212708<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |       794 | NS      | $23598.91     | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                          | ORDINARY SHARES     | CUSIP: J44497105<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |      3800 | NS      | $27891.76     | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKYO GAS CO., LTD                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800678EIJLOQSWZ83       | Long             | EC               | CORP              | JP        |       500 | NS      | $10445.81     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON YUSEN KK                                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800YPW4XM0ZN5I149       | Long             | EC               | CORP              | JP        |       168 | NS      | $3981.80      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SEKISUI CHEMICAL CO LTD                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900KQIVT7NWFNMI70       | Long             | EC               | CORP              | JP        |       486 | NS      | $6805.06      | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH MOET HENNESSY LOUIS VUITTON SA                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |        18 | NS      | $15724.52     | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| INDUSTRIA DE DISENO TEXTIL SA                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |       684 | NS      | $21359.93     | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSA ABLOY AB                                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |       810 | NS      | $19090.45     | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| ASAHI GROUP HOLDINGS LTD                                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800KAJ02XNHLCJW79       | Long             | EC               | CORP              | JP        |       564 | NS      | $18644.29     | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| FUJITSU, LTD                                                | ORDINARY SHARES     | CUSIP: J15708159<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |       139 | NS      | $19906.30     | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| TERUMO CORPORATION                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800JX1R4582QVK932       | Long             | EC               | CORP              | JP        |       666 | NS      | $19338.67     | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| ROCHE HOLDING AG                                            | ORDINARY SHARES     | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |       142 | NS      | $44379.74     | 2.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BARRATT DEVELOPMENTS PLC                                    | ORDINARY SHARES     | CUSIP: G08288105<br>LEI: 2138006R85VEOF5YNK29 | Long             | EC               | CORP              | GB        |       358 | NS      | $2038.47      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS PLC                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |       752 | NS      | $18852.46     | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| JOHNSON MATTHEY PLC                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2138001AVBSD1HSC6Z10       | Long             | EC               | CORP              | GB        |       240 | NS      | $6702.14      | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 213800YPC42DYBKVPF97       | Long             | EC               | CORP              | GB        |       506 | NS      | $1960.50      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DS SMITH PLC                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 39RSBE4RCI4M15BLWH36       | Long             | EC               | CORP              | GB        |       464 | NS      | $2022.03      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TAYLOR WIMPEY PLC                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 21380089BTRXTD8S3R66       | Long             | EC               | CORP              | GB        |      4624 | NS      | $6702.02      | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 98TPTUM4IVMFCZBCUR27       | Long             | EC               | CORP              | CA        |        48 | NS      | $1965.38      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PARKLAND CORP                                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300UY5C6HUV0XLS53       | Long             | EC               | CORP              | CA        |        85 | NS      | $1996.99      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UMICORE SA                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |       274 | NS      | $10359.26     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| CHRISTIAN DIOR SE                                           | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500WESYQMQ1F2C272       | Long             | EC               | CORP              | FR        |         2 | NS      | $1726.26      | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED INTERNET AG                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 3VEKWPJHTD4NKMBVG947       | Long             | EC               | CORP              | DE        |       128 | NS      | $2963.42      | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| COVIVIO SA/FRANCE                                           | ORDINARY SHARES     | CUSIP: F3832Y172<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |        62 | NS      | $4256.28      | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| GECINA SA                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 9695003E4MMA10IBTR26       | Long             | EC               | CORP              | FR        |        60 | NS      | $7110.92      | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| KESKO OYJ                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 743700OX6HSVMCAHPB95       | Long             | EC               | CORP              | FI        |       358 | NS      | $8338.53      | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| GEA GROUP AG                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300PHUU0ZZWO8EO07       | Long             | EC               | CORP              | DE        |       198 | NS      | $8907.41      | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| PERNOD RICARD SA                                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 52990097YFPX9J0H5D87       | Long             | EC               | CORP              | FR        |       104 | NS      | $21518.28     | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA BANKEN AB                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: F3JS33DEI6XQ4ZBPTN86       | Long             | EC               | CORP              | SE        |      1551 | NS      | $18755.34     | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| HENKEL AG  AND  CO KGAA                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |        60 | NS      | $4003.17      | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| HENKEL AG  AND  CO KGAA                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |       233 | NS      | $16566.33     | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| SUBSEA 7 SA                                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 222100AIF0CBCY80AH62       | Long             | EC               | CORP              | GB        |       165 | NS      | $2052.20      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |       192 | NS      | $5936.57      | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| KLEPIERRE SA                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500PB4U31KEFHZ621       | Long             | EC               | CORP              | FR        |       282 | NS      | $7160.66      | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| UCB SA                                                      | ORDINARY SHARES     | CUSIP: B93562120<br>LEI: 2138008J191VLSGY5A09 | Long             | EC               | CORP              | BE        |       165 | NS      | $13536.34     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| SOPRA STERIA GROUP SACA                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 96950020QIOHAAK9V551       | Long             | EC               | CORP              | FR        |        12 | NS      | $1992.71      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| BOLIDEN AB                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |       358 | NS      | $16098.32     | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| HUGO BOSS AG                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |        31 | NS      | $2096.18      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |       298 | NS      | $14474.75     | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE DSM NV                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 724500SNT1MK246AHP04       | Long             | EC               | CORP              | NL        |        47 | NS      | $6043.20      | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| SUEDZUCKER AG                                               | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900S8QNB101D40S72       | Long             | EC               | CORP              | DE        |       124 | NS      | $2008.36      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| KONINKLIJKE VOPAK NV                                        | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 724500UL634GFV1KYF10       | Long             | EC               | CORP              | NL        |        66 | NS      | $1991.18      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                                     | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |       122 | NS      | $20147.19     | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| INFINEON TECHNOLOGIES AG                                    | ORDINARY SHARES     | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |       630 | NS      | $22535.14     | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SWISS PRIME SITE AG                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 506700XI9H64OPR34158       | Long             | EC               | CORP              | CH        |        49 | NS      | $4365.16      | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| AUCKLAND INTERNATIONAL AIRPORT LTD                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300HFZIZDJWB7AK60       | Long             | EC               | CORP              | NZ        |      1638 | NS      | $9015.91      | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| AMPOL LTD                                                   | ORDINARY SHARES     | CUSIP: Q19884107<br>LEI: 5493009TD1CGVRZ27U11 | Long             | EC               | CORP              | AU        |       313 | NS      | $6772.27      | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| KDDI CORP                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |       743 | NS      | $23214.54     | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ARISTOCRAT LEISURE LTD                                      | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900TE2HO3OZKYKC27       | Long             | EC               | CORP              | AU        |       761 | NS      | $18343.94     | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI CONSTRUCTION MACHINERY CO LTD                       | ORDINARY SHARES     | CUSIP: J20244109<br>LEI: 5493009B7C53PDH8W826 | Long             | EC               | CORP              | JP        |       142 | NS      | $3351.66      | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| ISUZU MOTORS LTD                                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |       763 | NS      | $9637.49      | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE S.A.                                        | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500TJ5KRTCJQWXH05       | Long             | EC               | CORP              | FR        |      1560 | NS      | $18763.38     | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| TOKIO MARINE HOLDINGS INC                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      1000 | NS      | $20931.34     | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| BEACH PETROLEUM NL                                          | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 8Q9PJD25OKTQT5FHUF40       | Long             | EC               | CORP              | AU        |      1791 | NS      | $1922.40      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| INDEPENDENCE GOLD NL                                        | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |       892 | NS      | $9321.72      | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| JFE HOLDINGS INC                                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       155 | NS      | $2043.53      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TALANX AG                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5299006ZIILJ6VJVSJ32       | Long             | EC               | CORP              | DE        |        41 | NS      | $2022.61      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WORLEY LTD                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300XDR86FY8OLGP97       | Long             | EC               | CORP              | AU        |       184 | NS      | $2025.09      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PEMBINA PIPELINE CORP                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493002W3L9YICM6FU21       | Long             | EC               | CORP              | CA        |        55 | NS      | $1951.49      | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHLAND POWER INC                                         | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300IT8CIDW8V5KX72       | Long             | EC               | CORP              | CA        |        69 | NS      | $1853.41      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTACT FINANCIAL CORP                                       | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493009LXGE7Y4U9OY43       | Long             | EC               | CORP              | CA        |        13 | NS      | $1885.98      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NESTE OYJ                                                   | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               | CORP              | FI        |       384 | NS      | $18311.46     | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| RAIFFEISEN BANK INTERNATIONAL AG                            | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 9ZHRYM6F437SQJ6OUG95       | Long             | EC               | CORP              | AT        |       112 | NS      | $2006.40      | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| MITSUBISHI CHEMICAL GROUP CORP                              | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 353800YNKX4RQUGAR072       | Long             | EC               | CORP              | JP        |       400 | NS      | $2243.43      | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                                                  | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |       214 | NS      | $19127.84     | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| SWEDISH ORPHAN BIOVITRUM AB                                 | ORDINARY SHARES     | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |       222 | NS      | $4946.28      | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| BRAMBLES LTD                                                | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |      1814 | NS      | $15423.98     | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP HOLDINGS NV                                          | ORDINARY SHARES     | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | IE        |       163 | NS      | $10303.23     | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA REAL ESTATE HOLDINGS INC                             | ORDINARY SHARES     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       156 | NS      | $3442.83      | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AG                                               | PREFERRED           | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EP               | CORP              | DE        |       143 | NS      | $19756.59     | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| PUTNAM INVESTMENT FUNDS-PUTNAM GOVERNMENT MONEY MARKET FUND | SHORT TERM INV FUND | CUSIP: 74680A869<br>LEI: 549300SEUI2XMME8T893 | Long             | STIV             | PF                | US        |      4051 | NS      | $4051.00      | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** Putnam Investments Inc

**Signature:** Janet C. Smith

**Name of Signer:** NPORT

**Title:** Principal Financial Officer