# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0002071691-25-006479
**Filing Date:** 2025-11
**Character Count:** 39236
**Document Hash:** ab54ba1a2986a4d3f4b3f46d4d586901
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006479.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006479

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20260630

**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:** 251511852

**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 Small Cap Growth Fund (Series ID: S000000777)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000002301 | Class C shares  |  |
| C000002302 | Class Y shares  |  |
| C000002303 | Class A shares  | PNSAX           |
| C000002306 | Class R shares  | PSGRX           |
| C000158897 | 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 Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000000777

- **c. LEI of Series:** 549300T15YU3PSQ6QC72

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3301751645.39

**Total Liabilities:** $239969541.13

**Net Assets:** $3061782104.26

**Cash Not Reported:** $28870.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002303 | 2.22%                | 3.25%                | 3.66%                |
| Class ID C000002306 | 2.21%                | 3.22%                | 3.65%                |
| Class ID C000158897 | 2.25%                | 3.29%                | 3.70%                |
| Class ID C000002302 | 2.25%                | 3.27%                | 3.70%                |
| Class ID C000002301 | 2.16%                | 3.18%                | 3.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $76906154.19             | $-10457360.76                              |
| Month 2  | $4906098.21              | $90438742.49                               |
| Month 3  | $8380725.69              | $100697344.95                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mirion Technologies, Inc.                 | Mirion Technologies, Inc., Class A           | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    704030 | NS      | $16375737.80  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Brinker International, Inc.               | Brinker International, Inc.                  | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     97977 | NS      | $12411726.36  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals, Inc.            | Madrigal Pharmaceuticals, Inc.               | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     46709 | NS      | $21423549.94  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| AvePoint, Inc.                            | AvePoint, Inc.                               | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    915114 | NS      | $13735861.14  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp.                        | Bloom Energy Corp., Class A                  | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |    346823 | NS      | $29330821.11  | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| Credo Technology Group Holding Ltd.       | Credo Technology Group Holding Ltd.          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    386636 | NS      | $56298067.96  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                    | Integer Holdings Corp.                       | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |    205145 | NS      | $21197632.85  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity, Inc.                            | Doximity, Inc., Class A                      | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    467120 | NS      | $34169828.00  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp, Inc. (The)                       | Bancorp, Inc. (The)                          | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |    694779 | NS      | $52031999.31  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings, Inc.        | BJ's Wholesale Club Holdings, Inc.           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     62214 | NS      | $5801455.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr, Inc.                              | Grindr, Inc.                                 | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Long             | EC               | CORP              | US        |    533507 | NS      | $8013275.14   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Kinsale Capital Group, Inc.               | Kinsale Capital Group, Inc.                  | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     52345 | NS      | $22260234.70  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings, Inc.                    | Medpace Holdings, Inc.                       | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     49620 | NS      | $25512619.20  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                              | RadNet, Inc.                                 | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |    328835 | NS      | $25060515.35  | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Insmed, Inc.                              | Insmed, Inc.                                 | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    253878 | NS      | $36560970.78  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals, Inc.              | Rhythm Pharmaceuticals, Inc.                 | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    275500 | NS      | $27822745.00  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics, Inc.                 | Soleno Therapeutics, Inc.                    | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |    140348 | NS      | $9487524.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems, Inc.               | Merit Medical Systems, Inc.                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    559804 | NS      | $46592486.92  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam                                    | Putnam Cash Collateral Pool LLC, Class A     | CUSIP: N/A<br>LEI: N/A                        | Short            | STIV             | RF                | US        |        -0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Cash Collateral Pool LLC           | Putnam Cash Collateral Pool LLC              | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        | 235734554 | NS      | $235734554.25 | 7.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Dave, Inc.                                | Dave, Inc.                                   | CUSIP: 23834J201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35835 | NS      | $7143707.25   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health, Inc.                  | Hims & Hers Health, Inc.                     | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |    405900 | NS      | $23022648.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Leonardo DRS, Inc.                        | Leonardo DRS, Inc.                           | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    537817 | NS      | $24416891.80  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                    | SPX Technologies, Inc.                       | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |    249331 | NS      | $46570044.18  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings, Inc.                        | RBC Bearings, Inc.                           | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143933 | NS      | $56175610.57  | 1.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Fabrinet                                  | Fabrinet                                     | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | KY        |    106675 | NS      | $38895838.50  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp.                               | Kirby Corp.                                  | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    356195 | NS      | $29724472.75  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems, Inc.                         | Pegasystems, Inc.                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    546107 | NS      | $31401152.50  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group, Inc. (The)       | Descartes Systems Group, Inc. (The)          | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |    516136 | NS      | $48635495.28  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex, Inc.                              | Vertex, Inc., Class A                        | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |   1025535 | NS      | $25423012.65  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp.                             | Parsons Corp.                                | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    287477 | NS      | $23837592.84  | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Casella Waste Systems, Inc.               | Casella Waste Systems, Inc., Class A         | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |    234433 | NS      | $22243003.04  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp.                             | Legence Corp., Class A                       | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    685066 | NS      | $21106883.46  | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Xenon Pharmaceuticals, Inc.               | Xenon Pharmaceuticals, Inc.                  | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    274338 | NS      | $11014670.70  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp.                      | Verra Mobility Corp., Class A                | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |   1183067 | NS      | $29221754.90  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys, Inc.                            | Agilysys, Inc.                               | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |    256184 | NS      | $26963366.00  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group, Inc. (The)                  | Ensign Group, Inc. (The)                     | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |    339994 | NS      | $58740763.38  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group, Inc.   | Skyward Specialty Insurance Group, Inc.      | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |    491203 | NS      | $23361614.68  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                 | VSE Corp.                                    | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |    312979 | NS      | $52029628.96  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings, Inc.                       | Loar Holdings, Inc.                          | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86502 | NS      | $6920160.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Axos Financial, Inc.                      | Axos Financial, Inc.                         | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |    193718 | NS      | $16398228.70  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education, Inc.            | Adtalem Global Education, Inc.               | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |    300485 | NS      | $46409908.25  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                    | Encompass Health Corp.                       | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    536560 | NS      | $68153851.20  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd.                                 | Nova Ltd.                                    | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Long             | EC               | CORP              | IL        |    239151 | NS      | $76447008.66  | 2.50%             |  |  |  | No            |                  1 | On Loan: —       |
| JBT Marel Corp.                           | JBT Marel Corp.                              | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     33797 | NS      | $4746788.65   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride, Inc.                              | Stride, Inc.                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    297009 | NS      | $44236520.46  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                      | Federal Signal Corp.                         | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    381124 | NS      | $45349944.76  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies, Inc.                    | UFP Technologies, Inc.                       | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |     92158 | NS      | $18394736.80  | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Clearwater Analytics Holdings, Inc.       | Clearwater Analytics Holdings, Inc., Class A | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    636427 | NS      | $11468414.54  | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Life360, Inc.                             | Life360, Inc.                                | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     70287 | NS      | $7471508.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Clean Harbors, Inc.                       | Clean Harbors, Inc.                          | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     96218 | NS      | $22343743.96  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                       | Ascendis Pharma A/S                          | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |    101409 | NS      | $20161123.29  | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Ollie's Bargain Outlet Holdings, Inc.     | Ollie's Bargain Outlet Holdings, Inc.        | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |    212161 | NS      | $27241472.40  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                         | Knife River Corp.                            | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    356317 | NS      | $27390087.79  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics, Inc.                 | Axsome Therapeutics, Inc.                    | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |    192200 | NS      | $23342690.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings, Inc.                        | IES Holdings, Inc.                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |    101803 | NS      | $40481962.95  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials, Inc.                     | Eagle Materials, Inc.                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     65027 | NS      | $15153892.08  | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| ADMA Biologics, Inc.                      | ADMA Biologics, Inc.                         | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1774386 | NS      | $26012498.76  | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Blueprint Medicines Corp., CVR            | Blueprint Medicines Corp., CVR               | CUSIP: 096CVR048<br>LEI: 5299004CC60O9T5HVM83 | Long             |  | CORP              | US        |     78498 | NS      | $36109.08     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BellRing Brands, Inc.                     | BellRing Brands, Inc.                        | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    157400 | NS      | $5721490.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp.                     | GeneDx Holdings Corp., Class A               | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161173 | NS      | $17364779.02  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials, Inc.                     | CSW Industrials, Inc.                        | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     45207 | NS      | $10973999.25  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group, Inc.                     | StepStone Group, Inc., Class A               | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    798813 | NS      | $52170477.03  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                        | FirstService Corp.                           | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |    166183 | NS      | $31662775.22  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LENZ Therapeutics, Inc.                   | LENZ Therapeutics, Inc.                      | CUSIP: 52635N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21759 | NS      | $1013534.22   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness, Inc.                      | Planet Fitness, Inc., Class A                | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    235272 | NS      | $24421233.60  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd.                               | Camtek Ltd.                                  | CUSIP: N/A<br>LEI: 5493000H80W07HCKGS43       | Long             | EC               | CORP              | IL        |    346782 | NS      | $36429449.10  | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Patrick Industries, Inc.                  | Patrick Industries, Inc.                     | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    268747 | NS      | $27796502.21  | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Installed Building Products, Inc.         | Installed Building Products, Inc.            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |    170670 | NS      | $42097462.20  | 1.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Itron, Inc.                               | Itron, Inc.                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |    397600 | NS      | $49525056.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CES Energy Solutions Corp.                | CES Energy Solutions Corp.                   | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |   3166523 | NS      | $21364985.97  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners, Inc.               | Construction Partners, Inc., Class A         | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |    345340 | NS      | $43858180.00  | 1.43%             |  |  |  | No            |                  1 | On Loan: —       |
| AeroVironment, Inc.                       | AeroVironment, Inc.                          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     68055 | NS      | $21429838.95  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Boot Barn Holdings, Inc.                  | Boot Barn Holdings, Inc.                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |    208352 | NS      | $34528093.44  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                       | ACI Worldwide, Inc.                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |   1018949 | NS      | $53769938.73  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group, Inc.              | Huron Consulting Group, Inc.                 | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |    410069 | NS      | $60185827.13  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                        | Putnam Short Term Investment Fund, Class P   | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  21426927 | NS      | $21426926.90  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                 | Perella Weinberg Partners, Class A           | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    867311 | NS      | $18491070.52  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma, Inc.                    | Bridgebio Pharma, Inc.                       | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    328911 | NS      | $17083637.34  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.          | Advanced Energy Industries, Inc.             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |    281874 | NS      | $47958042.36  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| IonQ, Inc.                                | IonQ, Inc.                                   | CUSIP: 46222L108<br>LEI: 529900RB2VEFGLQS7G28 | Long             | EC               | CORP              | US        |    574837 | NS      | $35352475.50  | 1.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Rocket Lab Corp.                          | Rocket Lab Corp.                             | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    436195 | NS      | $20898102.45  | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Comfort Systems USA, Inc.                 | Comfort Systems USA, Inc.                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     94748 | NS      | $78184154.64  | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics, Inc.               | Halozyme Therapeutics, Inc.                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    491164 | NS      | $36021967.76  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems, Inc.                     | Varonis Systems, Inc., Class B               | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    266246 | NS      | $15301157.62  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA, Inc.                          | Murphy USA, Inc.                             | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     64478 | NS      | $25034228.28  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                      | Centrus Energy Corp., Class A                | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     87782 | NS      | $27218564.74  | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Sterling Infrastructure, Inc.             | Sterling Infrastructure, Inc.                | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     46335 | NS      | $15739072.80  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr. Cooper Group, Inc.                    | Mr. Cooper Group, Inc.                       | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     98463 | NS      | $20755015.77  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp.                | Carpenter Technology Corp.                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |    245599 | NS      | $60304378.46  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp.                              | SiTime Corp.                                 | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68243 | NS      | $20562298.33  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                 | Enova International, Inc.                    | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |    220556 | NS      | $25383790.04  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems, Inc.                   | Commvault Systems, Inc.                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |    147380 | NS      | $27822396.40  | 0.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Aritzia, Inc.                             | Aritzia, Inc.                                | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    476845 | NS      | $28843006.47  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings, Inc.                         | Q2 Holdings, Inc.                            | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    383887 | NS      | $27789579.93  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse, Inc.                     | Texas Roadhouse, Inc., Class A               | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    181535 | NS      | $30162040.25  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                 | Crane Co.                                    | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |    160953 | NS      | $29637885.42  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock, Inc.                            | Archrock, Inc.                               | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    886747 | NS      | $23330313.57  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus, Inc.                              | Rambus, Inc.                                 | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |    252308 | NS      | $26290493.60  | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| FTAI Aviation Ltd.                        | FTAI Aviation Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    146075 | NS      | $24374074.50  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group, Inc.        | Colliers International Group, Inc.           | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |    233354 | NS      | $36496250.37  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                    | Dycom Industries, Inc.                       | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |    115386 | NS      | $33665019.36  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    890390 | NS      | $81354934.30  | 2.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Piper Sandler Cos.                        | Piper Sandler Cos.                           | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     47749 | NS      | $16568425.51  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies, Inc.     | Applied Industrial Technologies, Inc.        | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    175657 | NS      | $45855259.85  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer