# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0001752724-25-178286
**Filing Date:** 2025-7
**Character Count:** 30973
**Document Hash:** 76575e5600845028538400322961130b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178286.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178286

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 043299786
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 251150114

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

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

## Series and Classes Contracts Data

### Putnam Focused Equity Fund (Series ID: S000024246)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000071529 | Class A         |  |
| C000071531 | Class C         |  |
| C000071533 | Class R         |  |
| C000071534 | Class Y         |  |
| C000203064 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

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

- **b. EDGAR series identifier (if any):** S000024246

- **c. LEI of Series:** 024DELVYES1ONBTJWD69

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

- **a. Date of fiscal year-end:** 2025-08-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $659220967.58

**Total Liabilities:** $8746346.79

**Net Assets:** $650474620.79

**Cash Not Reported:** $0.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000071533 | -6.97%               | -0.29%               | 6.77%                |
| Class ID C000071531 | -7.04%               | -0.32%               | 6.74%                |
| Class ID C000071534 | -6.94%               | -0.24%               | 6.81%                |
| Class ID C000071529 | -6.94%               | -0.28%               | 6.79%                |
| Class ID C000203064 | -6.93%               | -0.24%               | 6.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4739091.21              | $-50151786.77                              |
| Month 2  | $5291605.02              | $-4620081.93                               |
| Month 3  | $3710357.03              | $140555921.61                              |

**Designated Index Information**

- **Index Name:** SS&P 500 Daily Index

- **Index Identifier:** BM0129

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $10351.79     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-80850.18    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                  | Exxon Mobil Corp.                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    190400 | NS      | $19477920.00  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                     | Alphabet, Inc., Class A                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    129200 | NS      | $22188808.00  | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                      | Walmart, Inc.                              | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    227600 | NS      | $22468672.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $16807.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                       | NVIDIA Corp.                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    315800 | NS      | $42674054.00  | 6.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                   | Amazon.com, Inc.                           | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    166300 | NS      | $34093163.00  | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings, Inc.    | Hilton Worldwide Holdings, Inc.            | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     12000 | NS      | $2981280.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $11972.21     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $126721.06    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $382.38       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                    | Eli Lilly & Co.                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     31500 | NS      | $23236605.00  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple, Inc.                        | Apple, Inc.                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    163700 | NS      | $32879145.00  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.               | NextEra Energy, Inc.                       | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    213700 | NS      | $15095768.00  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $61448.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-342832.20   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Tesla, Inc.                        | Tesla, Inc.                                | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     27700 | NS      | $9596942.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $30800.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lululemon Athletica, Inc.          | Lululemon Athletica, Inc.                  | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     13600 | NS      | $4306712.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $9673.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)             | Home Depot, Inc. (The)                     | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     31100 | NS      | $11453819.00  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                          | Airbus SE                                  | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | NL        |     55080 | NS      | $10130566.18  | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America           | U.S. Treasury Bills                        | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1400000 | PA      | $1374593.56   | 0.21%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AXA SA                             | AXA SA                                     | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |    151442 | NS      | $7138305.64   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Putnam Cash Collateral Pool LLC    | Putnam Cash Collateral Pool LLC            | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        |   4588225 | NS      | $4588225.00   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-292.62      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-44550.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                    | Citigroup, Inc.                            | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    238220 | NS      | $17942730.40  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-31379.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cenovus Energy, Inc.               | Cenovus Energy, Inc.                       | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    381015 | NS      | $5019675.16   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-133378.34   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Corteva, Inc.                      | Corteva, Inc.                              | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    190300 | NS      | $13473240.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-9596.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                    | AstraZeneca plc                            | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |    184600 | NS      | $13444418.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp.               | Otis Worldwide Corp.                       | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    141337 | NS      | $13476482.95  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                     | Broadcom, Inc.                             | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     84300 | NS      | $20406501.00  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $3509.98      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.               | Meta Platforms, Inc., Class A              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     43300 | NS      | $28036317.00  | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.        | Capital One Financial Corp.                | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     80000 | NS      | $15132000.00  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3491.71     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $1809.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Netflix, Inc.                      | Netflix, Inc.                              | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     11000 | NS      | $13279530.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                | Cisco Systems, Inc.                        | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    136500 | NS      | $8604960.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $14809.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-47218.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America           | U.S. Treasury Bills                        | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1400000 | PA      | $1380118.40   | 0.21%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management, Inc.     | Apollo Global Management, Inc.             | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     83200 | NS      | $10873408.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.               | Analog Devices, Inc.                       | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     41800 | NS      | $8944364.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $57738.31     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-14811.24    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-130725.95   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $4020.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-149940.69   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-679419.39   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Seagate Technology Holdings plc    | Seagate Technology Holdings plc            | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | IE        |     95400 | NS      | $11251476.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)         | Charles Schwab Corp. (The)                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    241100 | NS      | $21298774.00  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-184739.92   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                | Coca-Cola Co. (The)                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    208900 | NS      | $15061690.00  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-388128.61   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $26393.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $94833.03     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Putnam Funds Trust                 | Putnam Short Term Investment Fund, Class P | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |   9888432 | NS      | $9888432.02   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $157.77       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-128095.37   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Humana, Inc.                       | Humana, Inc.                               | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      9300 | NS      | $2168109.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                    | Microsoft Corp.                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    137700 | NS      | $63391572.00  | 9.75%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $9873.83      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-36884.29    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd.                     | AIA Group Ltd.                             | CUSIP: N/A<br>LEI: ZP5ILWVSYE4LJGMMVD57       | Long             | EC               | CORP              | HK        |   1933600 | NS      | $16095533.83  | 2.47%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-475680.45   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-8441.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Intuitive Surgical, Inc.           | Intuitive Surgical, Inc.                   | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     35700 | NS      | $19718538.00  | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust               | Vornado Realty Trust                       | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154800 | NS      | $5831316.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-23918.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings plc               | Ryanair Holdings plc                       | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |    147850 | NS      | $8220460.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.             | Booking Holdings, Inc.                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      2400 | NS      | $13245432.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc. | American International Group, Inc.         | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     47100 | NS      | $3986544.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.           | UnitedHealth Group, Inc.                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     43800 | NS      | $13223658.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp.                        | FedEx Corp.                                | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     26200 | NS      | $5714220.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture plc                      | Accenture plc, Class A                     | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     14400 | NS      | $4562208.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-219528.95   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                | Forward Foreign Currency Contract          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-13183.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.  | Canadian Pacific Kansas City Ltd.          | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    131000 | NS      | $10696150.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer