# EDGAR Filing Document

**Accession Number:** 0000932101
**File Stem:** 0001752724-25-178332
**Filing Date:** 2025-7
**Character Count:** 68720
**Document Hash:** 8b75b56f75e3ee43593d0b00438f385c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-178332.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-178332

**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 INVESTMENT FUNDS
- **CENTRAL INDEX KEY:** 0000932101

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07237
- **FILM NUMBER:** 251150159

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

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

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

## Series and Classes Contracts Data

### Putnam International Capital Opportunities Fund (Series ID: S000003850)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000010763 | Class A Shares  | PNVAX           |
| C000010765 | Class C Shares  | PUVCX           |
| C000010767 | Class R Shares  | PICRX           |
| C000010768 | Class Y Shares  | PIVYX           |
| C000202882 | 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 Investment Funds

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Putnam International Capital Opportunities Fund

- **b. EDGAR series identifier (if any):** S000003850

- **c. LEI of Series:** 549300THD6BR0M3KN858

**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:** $333856228.75

**Total Liabilities:** $4447260.92

**Net Assets:** $329408967.83

**Cash Not Reported:** $228820.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010767 | 2.17%                | 7.01%                | 5.03%                |
| Class ID C000010763 | 2.20%                | 7.02%                | 5.05%                |
| Class ID C000202882 | 2.23%                | 7.06%                | 5.07%                |
| Class ID C000010768 | 2.22%                | 7.07%                | 5.08%                |
| Class ID C000010765 | 2.13%                | 6.96%                | 4.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $60283.81                | $5290618.25                                |
| Month 2  | $2394997.00              | $17929089.13                               |
| Month 3  | $3229462.18              | $11212372.83                               |

**Designated Index Information**

- **Index Name:** S&P Developed ex U.S. SmallCap Index

- **Index Identifier:** BM0118

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CTS Eventim AG & Co. KGaA                | CTS Eventim AG & Co. KGaA                  | CUSIP: N/A<br>LEI: 529900FDHSN08UBJII80       | Long             | EC               | CORP              | DE        |     75249 | NS      | $9127443.43   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Logista Integral SA                      | Logista Integral SA                        | CUSIP: N/A<br>LEI: 9598000ANNAL42UJ7X28       | Long             | EC               | CORP              | ES        |    203321 | NS      | $6565681.99   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                              | Euronext NV                                | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |     33315 | NS      | $5429651.15   | 1.65%             |  |  |  | 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      | $38916.21     | 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      | $-2808.99     | -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      | $161100.49    | 0.05%             |  |  |  | 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      | $-71579.58    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| QIAGEN NV                                | QIAGEN NV                                  | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |    153091 | NS      | $6910391.69   | 2.10%             |  |  |  | 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      | $-52272.62    | -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      | $-29620.95    | -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      | $35029.69     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Dalata Hotel Group plc                   | Dalata Hotel Group plc                     | CUSIP: N/A<br>LEI: 635400L2CWET7ONOBJ04       | Long             | EC               | CORP              | IE        |    857440 | NS      | $5598086.43   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| International Petroleum Corp.            | International Petroleum Corp.              | CUSIP: 46016U108<br>LEI: 54930025D80LU0SMR645 | Long             | EC               | CORP              | CA        |    427209 | NS      | $6011312.68   | 1.82%             |  |  |  | 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      | $-36193.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA               | National Bank of Greece SA                 | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |    562765 | NS      | $6701165.09   | 2.03%             |  |  |  | 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      | $45622.86     | 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      | $13366.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Katitas Co. Ltd.                         | Katitas Co. Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    384500 | NS      | $5866149.48   | 1.78%             |  |  |  | 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      | $17541.77     | 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      | $-41400.11    | -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      | $-37325.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MegaStudyEdu Co. Ltd.                    | MegaStudyEdu Co. Ltd.                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     90262 | NS      | $3418032.09   | 1.04%             |  |  |  | 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      | $13365.88     | 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      | $14630.33     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Azbil Corp.                              | Azbil Corp.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    698200 | NS      | $6133556.68   | 1.86%             |  |  |  | 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      | $24983.85     | 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      | $-40879.78    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Avant Group Corp.                        | Avant Group Corp.                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    477300 | NS      | $5083217.78   | 1.54%             |  |  |  | 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      | $54225.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana de Valores SAB de CV      | Bolsa Mexicana de Valores SAB de CV        | CUSIP: N/A<br>LEI: 894500CS2D6RLGW61A19       | Long             | EC               | CORP              | MX        |   2572100 | NS      | $5617351.83   | 1.71%             |  |  |  | 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      | $4265.92      | 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      | $-43586.43    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Demant A/S                               | Demant A/S                                 | CUSIP: N/A<br>LEI: 213800RM6L9LN78BVA56       | Long             | EC               | CORP              | DK        |    101503 | NS      | $3986406.26   | 1.21%             |  |  |  | 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      | $24333.26     | 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      | $56228.91     | 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      | $274849.53    | 0.08%             |  |  |  | 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      | $-5745.67     | -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      | $-66898.97    | -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      | $-150414.29   | -0.05%            |  |  |  | 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      | $-2344.81     | -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      | $36329.98     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Interpump Group SpA                      | Interpump Group SpA                        | CUSIP: N/A<br>LEI: 815600C79D0F31F4D395       | Long             | EC               | CORP              | IT        |    118019 | NS      | $4603234.00   | 1.40%             |  |  |  | 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      | $0.45         | 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      | $928.85       | 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      | $36586.08     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cafe de Coral Holdings Ltd.              | Cafe de Coral Holdings Ltd.                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |   3050000 | NS      | $2704129.53   | 0.82%             |  |  |  | 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      | $28764.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Unibrew A/S                        | Royal Unibrew A/S                          | CUSIP: N/A<br>LEI: 529900D69KFL8IAP8Q63       | Long             | EC               | CORP              | DK        |     59420 | NS      | $4936882.90   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Brickworks Ltd.                          | Brickworks Ltd.                            | CUSIP: N/A<br>LEI: 894500WE6T912ASTBP62       | Long             | EC               | CORP              | AU        |    459994 | NS      | $8153710.08   | 2.48%             |  |  |  | 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      | $-69784.25    | -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      | $-56173.58    | -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      | $-37208.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Cranswick plc                            | Cranswick plc                              | CUSIP: N/A<br>LEI: 549300LDZLPU51XOSK43       | Long             | EC               | CORP              | GB        |     48305 | NS      | $3464194.25   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Cogeco Communications, Inc.              | Cogeco Communications, Inc.                | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |    159500 | NS      | $8031078.08   | 2.44%             |  |  |  | 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      | $28063.85     | 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      | $64033.37     | 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      | $-120302.10   | -0.04%            |  |  |  | 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      | $56724.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Yageo Corp.                              | Yageo Corp.                                | CUSIP: N/A<br>LEI: 5493001P0TOZH7GGNQ21       | Long             | EC               | CORP              | TW        |    289305 | NS      | $4638491.62   | 1.41%             |  |  |  | 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      | $-1515.49     | -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      | $56158.32     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Broedrene A&O Johansen A/S               | Broedrene A&O Johansen A/S, Class B        | CUSIP: N/A<br>LEI: 5299004B6ZEGVCR9ZR75       | Long             | EC               | CORP              | DK        |    435832 | NS      | $5804459.67   | 1.76%             |  |  |  | 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      | $-245002.74   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Miroku Jyoho Service Co. Ltd.            | Miroku Jyoho Service Co. Ltd.              | CUSIP: N/A<br>LEI: 3538009FEB7DY7VJDQ12       | Long             | EC               | CORP              | JP        |    125700 | NS      | $1546133.80   | 0.47%             |  |  |  | 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      | $-56533.07    | -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      | $4942.36      | 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      | $-49957.14    | -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      | $-74.78       | -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      | $44.46        | 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      | $-40522.10    | -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      | $-31283.71    | -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      | $63094.62     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Swissquote Group Holding SA              | Swissquote Group Holding SA                | CUSIP: N/A<br>LEI: 549300O3WME82RDPEN66       | Long             | EC               | CORP              | CH        |      9293 | NS      | $5571119.77   | 1.69%             |  |  |  | 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      | $-2661.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Carl Zeiss Meditec AG                    | Carl Zeiss Meditec AG                      | CUSIP: N/A<br>LEI: 529900GRL4MZ8NMOOK95       | Long             | EC               | CORP              | DE        |     87267 | NS      | $5644624.74   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Jenoptik AG                              | Jenoptik AG                                | CUSIP: N/A<br>LEI: 529900P34GDHGXK6VB37       | Long             | EC               | CORP              | DE        |    154127 | NS      | $3386449.83   | 1.03%             |  |  |  | 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      | $-4148.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp.                                | NOF Corp.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    420700 | NS      | $7440779.39   | 2.26%             |  |  |  | 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      | $12676.69     | 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      | $67834.28     | 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      | $56462.68     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Hikari Tsushin, Inc.                     | Hikari Tsushin, Inc.                       | CUSIP: N/A<br>LEI: 3538001SOIIV8U3OXH94       | Long             | EC               | CORP              | JP        |     27500 | NS      | $7485850.91   | 2.27%             |  |  |  | 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      | $130649.04    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| G-7 Holdings, Inc.                       | G-7 Holdings, Inc.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    492400 | NS      | $4573025.80   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| BML, Inc.                                | BML, Inc.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    178000 | NS      | $3702362.15   | 1.12%             |  |  |  | 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      | $-987.70      | -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      | $32253.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon Dengi Co. Ltd.                     | Nihon Dengi Co. Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     70200 | NS      | $1948582.22   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| NSD Co. Ltd.                             | NSD Co. Ltd.                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     89500 | NS      | $2210506.56   | 0.67%             |  |  |  | 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      | $4843.42      | 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      | $87653.19     | 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      | $44183.57     | 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      | $16446.04     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento de Construcciones y Contratas SA | Fomento de Construcciones y Contratas SA   | CUSIP: N/A<br>LEI: 95980020140005178328       | Long             | EC               | CORP              | ES        |    211364 | NS      | $2974645.04   | 0.90%             |  |  |  | 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      | $-10702.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co. Ltd.                  | Elite Material Co. Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    216000 | NS      | $5305622.83   | 1.61%             |  |  |  | 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      | $-35658.30    | -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      | $1818.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Thermador Groupe                         | Thermador Groupe                           | CUSIP: N/A<br>LEI: 969500SSIGMAGT008F11       | Long             | EC               | CORP              | FR        |     62861 | NS      | $4853535.53   | 1.47%             |  |  |  | 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      | $90151.13     | 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      | $23751.30     | 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      | $-36961.87    | -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      | $-77605.43    | -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      | $-4210.59     | -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      | $-49589.07    | -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      | $-6350.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kaufman & Broad SA                       | Kaufman & Broad SA                         | CUSIP: N/A<br>LEI: 969500CE0X343D8ALO86       | Long             | EC               | CORP              | FR        |    160127 | NS      | $6095928.02   | 1.85%             |  |  |  | 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   | 0.42%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Savills plc                              | Savills plc                                | CUSIP: N/A<br>LEI: 213800WXICGMBWHTA933       | Long             | EC               | CORP              | GB        |    345585 | NS      | $4539380.48   | 1.38%             |  |  |  | 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      | $-23030.78    | -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      | $-18042.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Software Service, Inc.                   | Software Service, Inc.                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     10300 | NS      | $926233.36    | 0.28%             |  |  |  | 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      | $-247249.46   | -0.08%            |  |  |  | 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      | $36815.08     | 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      | $180465.32    | 0.05%             |  |  |  | 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      | $168500.27    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Square Co. Ltd.                       | SK Square Co. Ltd.                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     64617 | NS      | $5344547.94   | 1.62%             |  |  |  | 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      | $6446.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ebara Corp.                              | Ebara Corp.                                | CUSIP: N/A<br>LEI: 353800UV8U3SOMCDTI49       | Long             | EC               | CORP              | JP        |    145600 | NS      | $2328400.35   | 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      | $-36080.79    | -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      | $-19246.80    | -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      | $-26619.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                                | Rubis SCA                                  | CUSIP: N/A<br>LEI: 969500MGFIKUGLTC9742       | Long             | EC               | CORP              | FR        |    341762 | NS      | $11127267.81  | 3.38%             |  |  |  | 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      | $-1260.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Berkeley Group Holdings plc              | Berkeley Group Holdings plc                | CUSIP: N/A<br>LEI: 2138009OQSSLVVHQAL78       | Long             | EC               | CORP              | GB        |    130230 | NS      | $7386707.67   | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group plc                            | AIB Group plc                              | CUSIP: N/A<br>LEI: 635400AKJBGNS5WNQL34       | Long             | EC               | CORP              | IE        |    706809 | NS      | $5576530.05   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| JET2 plc                                 | JET2 plc                                   | CUSIP: N/A<br>LEI: I72RQ3PNLDPW8R7JIJ56       | Long             | EC               | CORP              | GB        |    218052 | NS      | $5462376.17   | 1.66%             |  |  |  | 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      | $9782.91      | 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      | $-1198.09     | -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      | $49352.05     | 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      | $-18891.88    | -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      | $-76339.41    | -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      | $-68651.55    | -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      | $-104917.08   | -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      | $-846.13      | -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      | $-23579.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                                  | SPIE SA                                    | CUSIP: N/A<br>LEI: 969500TJNS5GSFWJ8X85       | Long             | EC               | CORP              | FR        |    214549 | NS      | $10906148.00  | 3.31%             |  |  |  | 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      | $-730.81      | -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      | $-12768.31    | -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      | $3886.14      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                              | Aalberts NV                                | CUSIP: N/A<br>LEI: 549300EMP9DT6Q35HZ31       | Long             | EC               | CORP              | NL        |    176725 | NS      | $6166817.65   | 1.87%             |  |  |  | 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      | $42760.22     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Jungheinrich AG                          | Jungheinrich AG                            | CUSIP: N/A<br>LEI: 529900PHZORTU6FSXE73       | Long             | EP               | CORP              | DE        |    223761 | NS      | $8983782.92   | 2.73%             |  |  |  | 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      | $-48532.99    | -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        |   7112977 | NS      | $7112977.00   | 2.16%             |  |  |  | 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      | $-156216.96   | -0.05%            |  |  |  | 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      | $-183439.47   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan Material Co. Ltd.                  | Japan Material Co. Ltd.                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    737500 | NS      | $7527830.78   | 2.29%             |  |  |  | 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      | $15341.44     | 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      | $-225.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                 | U.S. Treasury Note                         | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    174000 | PA      | $146673.13    | 0.04%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Eurazeo SE                               | Eurazeo SE                                 | CUSIP: N/A<br>LEI: 969500C656AA39O94N60       | Long             | EC               | CORP              | FR        |     99959 | NS      | $6990302.41   | 2.12%             |  |  |  | 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      | $-18481.31    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bellway plc                              | Bellway plc                                | CUSIP: N/A<br>LEI: 213800CY4L3HST4FGZ98       | Long             | EC               | CORP              | GB        |    246884 | NS      | $9021911.88   | 2.74%             |  |  |  | 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      | $-70219.84    | -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      | $21359.01     | 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      | $7750.20      | 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      | $-11754.79    | -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      | $6974.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Admiral Group plc                        | Admiral Group plc                          | CUSIP: N/A<br>LEI: 213800FGVM7Z9EJB2685       | Long             | EC               | CORP              | GB        |    227212 | NS      | $10263408.18  | 3.12%             |  |  |  | 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      | $218266.65    | 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      | $368430.31    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| MEG Energy Corp.                         | MEG Energy Corp.                           | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    368600 | NS      | $6451540.79   | 1.96%             |  |  |  | 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      | $14389.54     | 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      | $-40388.94    | -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      | $-1235.54     | -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      | $15414.66     | 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      | $-276931.70   | -0.08%            |  |  |  | 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      | $-55617.95    | -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      | $-28599.58    | -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      | $24689.30     | 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      | $-41543.49    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Global Ltd.                      | Liberty Global Ltd., Class A               | CUSIP: N/A<br>LEI: 213800HRMKKTYH7SKA24       | Long             | EC               | CORP              | BM        |    609800 | NS      | $5872374.00   | 1.78%             |  |  |  | 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      | $-17086.79    | -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      | $49486.26     | 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      | $62618.57     | 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      | $-17538.15    | -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      | $35214.83     | 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      | $88231.09     | 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      | $-55612.01    | -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      | $-29968.07    | -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      | $-11632.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Takeuchi Manufacturing Co. Ltd.          | Takeuchi Manufacturing Co. Ltd.            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    166600 | NS      | $5368831.93   | 1.63%             |  |  |  | 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      | $5334.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Riken Keiki Co. Ltd.                     | Riken Keiki Co. Ltd.                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     76000 | NS      | $1520358.85   | 0.46%             |  |  |  | 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      | $-21874.81    | -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      | $-3019.04     | -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      | $-185638.55   | -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      | $56914.43     | 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      | $4018.22      | 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      | $-25382.98    | -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      | $29044.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukui Computer Holdings, Inc.            | Fukui Computer Holdings, Inc.              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    361900 | NS      | $7672210.22   | 2.33%             |  |  |  | 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      | $66824.02     | 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      | $3530.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| WingArc1st, Inc.                         | WingArc1st, Inc.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    121500 | NS      | $3183959.21   | 0.97%             |  |  |  | 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      | $-34555.71    | -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      | $95694.79     | 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      | $181727.54    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| OSB Group plc                            | OSB Group plc                              | CUSIP: N/A<br>LEI: 213800ZBKL9BHSL2K459       | Long             | EC               | CORP              | GB        |    902780 | NS      | $5956000.87   | 1.81%             |  |  |  | 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      | $-1304.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Putnam Investment Funds

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer