# EDGAR Filing Document

**Accession Number:** 0000711402
**File Stem:** 0002071691-25-008006
**Filing Date:** 2025-12
**Character Count:** 73740
**Document Hash:** 9100352004d2cffb11565ae5b3778b3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-008006.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0002071691-25-008006

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**EFFECTIVENESS DATE**: 20251212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000711402

**ORGANIZATION NAME:**
- **EIN:** 042786284
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03630
- **FILM NUMBER:** 251567660

**BUSINESS ADDRESS:**
- **STREET 1:** 100 FEDERAL STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 6172921562

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST
- **DATE OF NAME CHANGE:** 19941214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### PUTNAM CALIFORNIA TAX EXEMPT INCOME TRUST (Series ID: S000005498)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000014969 | Class A Shares  | PCTEX           |
| C000014970 | Class B Shares  | PCTBX           |
| C000014971 | Class C Shares  | PCTCX           |
| C000060520 | CLASS Y         |  |
| C000202778 | Class R6 Shares |  |

## Internal

```

Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of Putnam California
Tax Exempt Income Fund:

In planning and performing our audit of the financial statements
of Putnam California Tax Exempt Income Fund (the "Fund") as of and
for the year ended September 30, 2025, in accordance with the standards
of the Public Company Accounting Oversight Board (United States) (PCAOB),
we considered the Fund's internal control over financial reporting,
including controls over safeguarding securities, as a basis for designing
our auditing procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form N-CEN,
but not for the purpose of expressing an opinion on the effectiveness of
the Fund's internal control over financial reporting. Accordingly, we
do not express an opinion on the effectiveness of the Fund's internal
control over financial reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related
costs of controls. A company's internal control over financial
reporting is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the preparation
of financial statements for external purposes in accordance with
generally accepted accounting principles. A company's internal control
over financial reporting includes those policies and procedures that
(1) pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that transactions
are recorded as necessary to permit preparation of financial statements
in accordance with generally accepted accounting principles, and that
receipts and expenditures of the company are being made only in accordance
with authorizations of management and directors of the company; and
(3) provide reasonable assurance regarding prevention or timely detection
of unauthorized acquisition, use or disposition of a company's assets
that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections
of any evaluation of effectiveness to future periods are subject to
the risk that controls may become inadequate because of changes in
conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

A deficiency in internal control over financial reporting exists when
the design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A material weakness
is a deficiency, or a combination of deficiencies, in internal control
over financial reporting, such that there is a reasonable possibility
that a material misstatement of the company's annual or interim financial
statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's internal control over financial reporting
was for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by
the PCAOB. However, we noted no deficiencies in the Fund's internal control
over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be material weaknesses as
defined above as of September 30, 2025.

This report is intended solely for the information and use of the Board of
Trustees of Putnam California Tax Exempt Income Fund and the Securities and
Exchange Commission and is not intended to be and should not be used by
anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP
Boston, Massachusetts
November 19, 2025

```

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0000711402

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2025-09-30

**Item A.1.b - Does this report cover a period of less than 12 months?:** No

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** Putnam California Tax Exempt Income Fund

- **Item B.1.b - Investment Company Act file number:** 811-03630

- **Item B.1.c - CIK:** 0000711402

- **Item B.1.d - LEI:** 25FMNUC4AQ8P07BF5K25

- **Item B.2.a - Street 1:** 100 FEDERAL STREET

- **Item B.2.b - City:** BOSTON

- **Item B.2.c - State:** MA

- **Item B.2.e - Zip Code:** 02110

- **Item B.2.f - Telephone:** 1-800-225-1581

- **Item B.2.g - Public Website:** WWW.FRANKLINTEMPLETON.COM

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** Michael J. Higgins

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

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

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 225 FRANKLIN STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

- **g. Telephone number:** 1-617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** State Street Bank and Trust Company

- **b. Street 1:** 2 AVENUE DE LAFAYETTE

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02111

- **g. Telephone number:** 1-617-786-3000

- **h. Briefly describe the books and records kept at this location:** Records include accounts, books and other documents required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the Rules promulgated thereunder

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 390 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 212-464-1909

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Custodian

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Services, LLC

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Administrative manager

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** Putnam Investment Management, LLC

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

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

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 7**

- **a. Name of person (e.g., a custodian of records):** Franklin Templeton Investment Management Limited

- **b. Street 1:** Cannon Place

- **Street 2:** 78 Cannon Street

- **c. City:** London

- **f. Zip code and zip code extension, or foreign postal code:** EC4N 6HL

- **g. Telephone number:** 44-20-7073-8500

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 8**

- **a. Name of person (e.g., a custodian of records):** Franklin Distributors, LLC

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Principal underwriter

**Location books Record: 9**

- **a. Name of person (e.g., a custodian of records):** Franklin Advisers, Inc.

- **b. Street 1:** One Franklin Parkway

- **c. City:** San Mateo

- **d. State, if applicable:** CA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 94403-1906

- **g. Telephone number:** 650-312-2000

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Investment manager

**Location books Record: 10**

- **a. Name of person (e.g., a custodian of records):** Putnam Investor Services, Inc.

- **b. Street 1:** 100 FEDERAL STREET

- **c. City:** BOSTON

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 02110

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

- **h. Briefly describe the books and records kept at this location:** Records related to its functions as Transfer agent

**Location books Record: 11**

- **a. Name of person (e.g., a custodian of records):** JPMorgan Chase Bank, N.A.

- **b. Street 1:** 380 Madison Avenue

- **c. City:** New York

- **d. State, if applicable:** NY

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 10017

- **g. Telephone number:** 212-270-6000

- **h. Briefly describe the books and records kept at this location:** Records relating to its functions as Sub-Administrator and Fund Accounting Agent

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

- **Item B.5.a - Is the Registrant part of a family of investment companies?:** Yes

- **Item B.5.a.i - Full name of family of investment companies:** Franklin Templeton Group of Funds

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 1

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                     | Is Interested Person?   | Other Investment Company File Numbers                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|:---|:---|:---|
| Jane E. Trust            | Yes                     | 811-04254, 811-10603, 811-22294, 811-07121, 811-02351, 811-05497, 811-22491, 811-00058, 811-05802, 811-21403, 811-06629, 811-21598, 811-21343, 811-21337, 811-05452, 811-21128, 811-06444, 811-23408, 811-03897, 811-04345, 811-07513, 811-22444, 811-06110, 811-07920, 811-21467, 811-04527, 811-04518, 811-06740, 811-01403, 811-05740, 811-04524, 811-04528, 811-06128, 811-10407, 811-06190, 811-07626, 811-22334, 811-05635, 811-03386, 811-05977, 811-02675, 811-21477, 811-04052, 811-00653, 811-22546, 811-03741, 811-05498, 811-02742, 811-06506, 811-06310, 811-04616, 811-22369, 811-07237, 811-05346, 811-23643, 811-08709, 811-02280, 811-02608, 811-22338 |
| Jennifer Williams Murphy | No                      | 811-04524, 811-02742, 811-07121, 811-06128, 811-02608, 811-07513, 811-07237, 811-05498, 811-05452, 811-04518, 811-03741, 811-04616, 811-02675, 811-02280, 811-05346, 811-07626, 811-05802, 811-04345, 811-03386, 811-04527, 811-00058, 811-06190, 811-05740, 811-05977, 811-00653, 811-03897, 811-23643, 811-01403, 811-05635, 811-21598, 811-04528                                                                                                                                                                                                                                                                                                                     |
| Katinka Domotorffy       | No                      | 811-05635, 811-07121, 811-04527, 811-00058, 811-06128, 811-04518, 811-07237, 811-23643, 811-07626, 811-05498, 811-02608, 811-00653, 811-01403, 811-02742, 811-04616, 811-05977, 811-04524, 811-04528, 811-03741, 811-03897, 811-03386, 811-02675, 811-05346, 811-06190, 811-21598, 811-05740, 811-07513, 811-05802, 811-02280, 811-04345, 811-05452                                                                                                                                                                                                                                                                                                                     |
| Catharine Bond Hill      | No                      | 811-00653, 811-05740, 811-04616, 811-02742, 811-04345, 811-07121, 811-07513, 811-05802, 811-05346, 811-05977, 811-03897, 811-05452, 811-02280, 811-23643, 811-00058, 811-06190, 811-05498, 811-01403, 811-04518, 811-21598, 811-04527, 811-04524, 811-07237, 811-06128, 811-02608, 811-03386, 811-03741, 811-04528, 811-07626, 811-02675, 811-05635                                                                                                                                                                                                                                                                                                                     |
| Liaquat Ahamed           | No                      | 811-01403, 811-04616, 811-07237, 811-07513, 811-06190, 811-05977, 811-02608, 811-05452, 811-03897, 811-04527, 811-05802, 811-00058, 811-06128, 811-02742, 811-02675, 811-05498, 811-03386, 811-05635, 811-04524, 811-07121, 811-05346, 811-07626, 811-04518, 811-23643, 811-05740, 811-04528, 811-21598, 811-04345, 811-02280, 811-03741, 811-00653                                                                                                                                                                                                                                                                                                                     |
| Gregory G. McGreevey     | No                      | 811-06128, 811-05346, 811-07626, 811-04527, 811-03386, 811-07237, 811-21598, 811-00058, 811-07121, 811-03897, 811-05498, 811-05977, 811-02675, 811-23643, 811-01403, 811-02280, 811-02742, 811-04345, 811-04524, 811-03741, 811-02608, 811-06190, 811-04528, 811-05635, 811-04616, 811-05802, 811-05740, 811-05452, 811-04518, 811-00653, 811-07513                                                                                                                                                                                                                                                                                                                     |
| Manoj P. Singh           | No                      | 811-02608, 811-04345, 811-07121, 811-03897, 811-07237, 811-00653, 811-06128, 811-04524, 811-00058, 811-01403, 811-02742, 811-05346, 811-05452, 811-07513, 811-02280, 811-04528, 811-02675, 811-21598, 811-04616, 811-05498, 811-04527, 811-03741, 811-05802, 811-04518, 811-03386, 811-05740, 811-23643, 811-06190, 811-05977, 811-05635, 811-07626                                                                                                                                                                                                                                                                                                                     |
| George Putnam III        | No                      | 811-05740, 811-05977, 811-05346, 811-00058, 811-01403, 811-04528, 811-02675, 811-07626, 811-04527, 811-05452, 811-03741, 811-23643, 811-05498, 811-06128, 811-04518, 811-07121, 811-04616, 811-07513, 811-02742, 811-00653, 811-07237, 811-02280, 811-03897, 811-21598, 811-06190, 811-04345, 811-05635, 811-03386, 811-05802, 811-02608, 811-04524                                                                                                                                                                                                                                                                                                                     |
| Mona K. Sutphen          | No                      | 811-03897, 811-00058, 811-07237, 811-02608, 811-05635, 811-07121, 811-07626, 811-03741, 811-01403, 811-02675, 811-05977, 811-04518, 811-04616, 811-04524, 811-07513, 811-02280, 811-06128, 811-05740, 811-00653, 811-03386, 811-05498, 811-04527, 811-05346, 811-05452, 811-05802, 811-02742, 811-06190, 811-23643, 811-04345, 811-21598, 811-04528                                                                                                                                                                                                                                                                                                                     |
| Robert L. Reynolds       | Yes                     | 811-07121, 811-07513, 811-00058, 811-02742, 811-05977, 811-04528, 811-03897, 811-02675, 811-04524, 811-03386, 811-04518, 811-05740, 811-06128, 811-07626, 811-05452, 811-05635, 811-00653, 811-21598, 811-07237, 811-02608, 811-02280, 811-03741, 811-04345, 811-23643, 811-05346, 811-04527, 811-05802, 811-05498, 811-01403, 811-06190, 811-04616                                                                                                                                                                                                                                                                                                                     |
| Marie Pillai             | No                      | 811-23643, 811-05635, 811-07121, 811-07513, 811-00653, 811-04528, 811-05498, 811-07626, 811-06128, 811-00058, 811-02742, 811-04527, 811-03897, 811-02280, 811-03386, 811-05452, 811-07237, 811-02608, 811-01403, 811-04616, 811-05740, 811-05977, 811-02675, 811-04524, 811-21598, 811-04345, 811-05346, 811-04518, 811-06190, 811-03741, 811-05802                                                                                                                                                                                                                                                                                                                     |
| Barbara M. Baumann       | No                      | 811-05977, 811-05740, 811-04527, 811-03897, 811-02608, 811-04345, 811-02675, 811-07513, 811-06190, 811-00058, 811-07121, 811-02280, 811-01403, 811-04518, 811-02742, 811-04528, 811-05498, 811-05635, 811-00653, 811-21598, 811-03741, 811-07626, 811-07237, 811-05452, 811-04524, 811-04616, 811-05802, 811-06128, 811-23643, 811-05346, 811-03386                                                                                                                                                                                                                                                                                                                     |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** James F. Clark

- **b. CRD Number, if any:** N/A

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

- **d. City:** BOSTON

- **e. State, if applicable:** MA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 02110

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-20851

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Franklin Distributors, LLC

- **ii. SEC file number:** 8-5889

- **iii. CRD number:** 000000332

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** Yes

- **b. Have any principal underwriters been hired or terminated during the reporting period?** Yes

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** PricewaterhouseCoopers LLP

- **b. PCAOB Number:** 238

- **c. LEI, if any:** 5493002GVO7EO8RNNS37

- **d. State, if applicable:** MA

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - Putnam California Tax Exempt Income Fund

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Putnam California Tax Exempt Income Fund

- **b. Series identification number, if any:** S000005498

- **c. LEI:** 25FMNUC4AQ8P07BF5K25

- **d. Is this the first filing on this form by the Fund?:** No

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 4

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class                             | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND CLASS A  | C000014969                                | PCTEX                        |
|                           2 | PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND CLASS C  | C000014971                                | PCTCX                        |
|                           3 | PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND CLASS Y  | C000060520                                | PCIYX                        |
|                           4 | PUTNAM CALIFORNIA TAX EXEMPT INCOME FUND CLASS R6 | C000202778                                | PCLGX                        |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [ ] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [x] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** No

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** No

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 18f-4(f)(17 CFR 270.18f-4(f))

- Rule 18f-4 (17 CFR 270.18f-4)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** Yes

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Franklin Advisers, Inc.

- **ii. SEC file number:** 801-26292

- **iii. CRD number:** 000104517

- **iv. LEI, if any:** B1CG1NRZIDDJ0DQEXB52

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Was the investment adviser hired during the reporting period?:** No

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Franklin Templeton Investment Management Limited

- **ii. SEC file number:** 801-55170

- **iii. CRD number:** 000111360

- **iv. LEI, if any:** MLH7B1BVFWXZVST01715

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vi. Foreign country, if applicable:** GB

**Sub-adviser Record: 2**

- **i. Full name:** Putnam Investment Management, LLC

- **ii. SEC file number:** 801-7974

- **iii. CRD number:** 000106629

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** Yes

- **vii. Was the sub-adviser hired during the reporting period?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. SEC file number:** 84-06331

- **iii. LEI, if any:** N/A

- **iv. State, if applicable:** MA

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** No

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** ICE Data Pricing & Reference Data, LLC

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000NQ9LYLDBCTL34

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 2**

- **i. Full name:** LSEG US FIN CORP.

- **ii. LEI, if any, or provide and describe other identifying number:** 2138007FV67QQ13CGJ43

- **iii. State, if applicable:** DE

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

**Pricing Services Record: 3**

- **i. Full name:** Bloomberg L.P.

- **ii. LEI, if any, or provide and describe other identifying number:** 549300B56MD0ZC402L06

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** No

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** State Street Bank and Trust Company

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

**Custodians Record: 2**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

**Shareholder Servicing Agents Record: 1**

- **i. Full name:** Putnam Investor Services, Inc.

- **ii. LEI, if any:** N/A

- **iii. State, if applicable:** MA

- **iv. Foreign country, if applicable:** US

- **v. Is the shareholder servicing agent an affiliated person?:** Yes

- **vi. Is the shareholder servicing agent a sub-shareholder servicing agent?:** No

- **b. Has a shareholder servicing agent been hired or terminated during the reporting period?** No

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** JPMorgan Chase Bank, N.A.

- **ii. LEI, if any, or other identifying number:** 7H6GLXDRUGQFU57RNE97

- **iii. State, if applicable:** NY

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** Yes

**Administrators Record: 2**

- **i. Full name:** Franklin Templeton Services, LLC

- **ii. LEI, if any, or other identifying number:** 549300DFD0POOJZ42788

- **iii. State, if applicable:** CA

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** Yes

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** Citigroup Global Markets Inc.

- **ii. SEC file number:** 8-08177

- **iii. CRD number:** 000007059

- **iv. LEI, if any:** MBNUM2BPBDO7JBLYG310

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,740.74

**Brokers Record: 2**

- **i. Full name of broker:** J.P. Morgan Securities LLC

- **ii. SEC file number:** 8-35008

- **iii. CRD number:** 000000079

- **iv. LEI, if any:** ZBUT11V806EZRVTWT807

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $2,852.92

**Aggregate Commission:** $4,593.66

**Item C.17.a. Principal transaction counterparties.**

| Name                                     | SEC file number   |   CRD number | LEI                  | State   | Country   | Total Purchase/Sale ($)   |
|:---|:---|---:|:---|:---|:---|:---|
| Barclays Capital, Inc.                   | 8-41342           |    000019714 | AC28XWWI3WIBK2824319 | NY      | US        | $35,585,776.30            |
| BofA Securities, Inc.                    | 8-69787           |    000283942 | 549300HN4UKV1E2R3U73 | NY      | US        | $22,009,103.68            |
| Stifel, Nicolaus & Company, Incorporated | 8-01447           |    000000793 | 5WUVMA08EYG4KEUPW589 | MO      | US        | $74,526,705.45            |
| Wells Fargo Securities, LLC              | 8-65876           |    000126292 | VYVVCKR63DVZZN70PB21 | NC      | US        | $78,252,866.43            |
| Piper Sandler & Co.                      | 8-15204           |    000000665 | 549300GRQCWQ3XGH0H10 | MN      | US        | $43,199,486.80            |
| J.P. Morgan Securities LLC               | 8-35008           |    000000079 | ZBUT11V806EZRVTWT807 | NY      | US        | $56,488,376.83            |
| Mesirow Financial, Inc.                  | 8-28816           |    000002764 | 549300BIV46SUHPOFE54 | IL      | US        | $18,019,249.85            |
| Raymond James & Associates, Inc.         | 8-10999           |    000000705 | U4ONQX15J3RO8XCKE979 | FL      | US        | $36,573,506.80            |
| Morgan Stanley & Co. LLC                 | 8-15869           |    000008209 | 9R7GPTSO7KV3UQJZQ078 | NY      | US        | $68,431,633.85            |
| RBC Capital Markets, LLC                 | 8-45411           |    000031194 | 549300LCO2FLSSVFFR64 | NY      | US        | $85,242,335.40            |

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $755,939,197.18

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $695,327,790.06

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **a. Does the Fund have available a line of credit?** Yes

**If yes, for each line of credit, provide the information requested below:**

**Line of Credit details Record: 1**

- **i. Is the line of credit a committed or uncommitted line of credit?** Committed

- **ii. What size is the line of credit?** $2,995,000,000.00

- **iii. With which institution(s) is the line of credit?**

  - **Line Institutions Record: 1 Name of institution:** BANCO BILBAO VIZCAYA ARGENTARIA, S.A. NEW YORK BRANCH

  - **Line Institutions Record: 2 Name of institution:** THE BANK OF NEW YORK MELLON

  - **Line Institutions Record: 3 Name of institution:** GOLDMAN SACHS BANK USA

  - **Line Institutions Record: 4 Name of institution:** STATE STREET BANK AND TRUST COMPANY

  - **Line Institutions Record: 5 Name of institution:** DEUTSCHE BANK SECURITIES INC.

  - **Line Institutions Record: 6 Name of institution:** JPMORGAN CHASE BANK, N.A.

  - **Line Institutions Record: 7 Name of institution:** MORGAN STANLEY SENIOR FUNDING, INC.

  - **Line Institutions Record: 8 Name of institution:** CITIBANK, N.A.

  - **Line Institutions Record: 9 Name of institution:** BANK OF AMERICA, N.A.

  - **Line Institutions Record: 10 Name of institution:** HSBC BANK USA, N.A.

- **iv. Is the line of credit just for the Fund, or is it shared among multiple funds?** Shared

  - **1. If shared, list the names of other funds that may use the line of credit:**

| Name of fund                                                                                  | SEC File number   |
|:---|:---|
| Putnam Dynamic Asset Allocation Equity Fund                                                   | 811-07513         |
| Putnam New York Tax Exempt Income Fund                                                        | 811-03741         |
| Franklin New Jersey Tax-Free Income Fund                                                      | 811-04149         |
| Western Asset SMASh Series M Fund                                                             | 811-06740         |
| Putnam VT Income Fund                                                                         | 811-05346         |
| Franklin Rising Dividends Fund                                                                | 811-04894         |
| Franklin Templeton Moderately Conservative Model Portfolio                                    | 811-21128         |
| ClearBridge Mid Cap Fund                                                                      | 811-06444         |
| Foreign Smaller Companies Series                                                              | 811-06135         |
| ClearBridge Mid Cap Growth Fund                                                               | 811-06444         |
| Franklin New York Intermediate-Term Tax-Free Income Fund                                      | 811-04787         |
| Putnam Global Technology Fund                                                                 | 811-07513         |
| Western Asset Short-Term Bond Fund                                                            | 811-04254         |
| Franklin U.S. Large Cap Equity Fund                                                           | 811-06444         |
| ClearBridge Global Infrastructure Income Fund                                                 | 811-22338         |
| Putnam Short-Term Municipal Income Fund                                                       | 811-07513         |
| Templeton Growth VIP Fund                                                                     | 811-05583         |
| K2 Alternative Strategies Fund                                                                | 811-22641         |
| Franklin Georgia Tax-Free Income Fund                                                         | 811-04149         |
| Putnam Sustainable Leaders Fund                                                               | 811-06128         |
| Western Asset Intermediate-Term Municipals Fund                                               | 811-04254         |
| Franklin Oregon Tax-Free Income Fund                                                          | 811-04149         |
| Western Asset New Jersey Municipals Fund                                                      | 811-04254         |
| Putnam International Equity Fund                                                              | 811-06190         |
| Franklin Mutual Shares Fund                                                                   | 811-05387         |
| Franklin Utilities Fund                                                                       | 811-00537         |
| Franklin Growth Opportunities Fund                                                            | 811-06243         |
| Western Asset SMASh Series Core Completion Fund                                               | 811-06740         |
| Putnam VT Emerging Markets Equity Fund                                                        | 811-05346         |
| Western Asset Core Plus VIT Portfolio                                                         | 811-06310         |
| BrandywineGLOBAL - Flexible Bond Fund                                                         | 811-22338         |
| Putnam Dynamic Asset Allocation Balanced Fund                                                 | 811-07121         |
| Western Asset Short Duration High Income Fund                                                 | 811-04254         |
| Franklin Global Equity Fund                                                                   | 811-06444         |
| Putnam Mortgage Opportunities Fund                                                            | 811-07513         |
| Putnam Convertible Securities Fund                                                            | 811-02280         |
| Putnam Global Income Trust                                                                    | 811-04524         |
| ClearBridge International Growth Fund                                                         | 811-22338         |
| Putnam Money Market Fund                                                                      | 811-02608         |
| Franklin Mutual Beacon Fund                                                                   | 811-05387         |
| Franklin Small-Mid Cap Growth Fund                                                            | 811-06243         |
| Putnam Focused Equity Fund                                                                    | 811-07513         |
| Putnam Global Health Care Fund                                                                | 811-03386         |
| Putnam VT Small Cap Growth Fund                                                               | 811-05346         |
| Franklin Growth Fund                                                                          | 811-00537         |
| Western Asset California Municipals Fund                                                      | 811-04254         |
| Western Asset Short Duration Municipal Income Fund                                            | 811-04254         |
| Franklin California Intermediate-Term Tax-Free Income Fund                                    | 811-04356         |
| Putnam Large Cap Value Fund                                                                   | 811-02742         |
| Franklin Templeton Moderately Aggressive Model Portfolio                                      | 811-21128         |
| Putnam VT Research Fund                                                                       | 811-05346         |
| Templeton Global Bond VIP Fund                                                                | 811-05583         |
| ClearBridge Variable Large Cap Value Portfolio                                                | 811-21128         |
| Franklin LifeSmart 2055 Retirement Target Fund                                                | 811-07851         |
| Western Asset Bond ETF                                                                        | 811-23124         |
| Franklin Global Allocation Fund                                                               | 811-07851         |
| Putnam International Capital Opportunities Fund                                               | 811-07237         |
| Franklin Low Duration U.S. Government Securities Fund                                         | 811-04986         |
| Putnam Small Cap Growth Fund                                                                  | 811-07513         |
| Putnam Focused Large Cap Growth ETF                                                           | 811-23643         |
| Western Asset Massachusetts Municipals Fund                                                   | 811-04254         |
| Franklin Small Cap Value VIP Fund                                                             | 811-05583         |
| Franklin Rising Dividends VIP Fund                                                            | 811-05583         |
| ClearBridge International Value Fund                                                          | 811-06444         |
| Putnam VT Diversified Income Fund                                                             | 811-05346         |
| Franklin DynaTech Fund                                                                        | 811-00537         |
| Putnam Tax-Free High Yield Fund                                                               | 811-04345         |
| Putnam Dynamic Asset Allocation Growth Fund                                                   | 811-07121         |
| Franklin Moderate Allocation Fund                                                             | 811-07851         |
| ClearBridge Variable Dividend Strategy Portfolio                                              | 811-21128         |
| Franklin Templeton Aggressive Model Portfolio                                                 | 811-21128         |
| Franklin International Equity Fund (fka QS International Equity Fund)                         | 811-22338         |
| Putnam International Value Fund                                                               | 811-07513         |
| Franklin Minnesota Tax-Free Income Fund                                                       | 811-04149         |
| Franklin Long Duration Credit Fund                                                            | 811-04986         |
| ClearBridge Large Cap Growth Fund                                                             | 811-06444         |
| BrandywineGLOBAL - Corporate Credit Fund                                                      | 811-06444         |
| Putnam ESG High Yield ETF                                                                     | 811-23643         |
| Franklin Multi-Asset Variable Growth Fund                                                     | 811-21128         |
| Putnam VT High Yield Fund                                                                     | 811-05346         |
| Western Asset New York Municipals Fund                                                        | 811-04254         |
| Franklin Mutual U.S. Mid Cap Value Fund                                                       | 811-05878         |
| Putnam VT Small Cap Value Fund                                                                | 811-05346         |
| Western Asset Intermediate Maturity California Municipals Fund                                | 811-04254         |
| ClearBridge Value Fund                                                                        | 811-22338         |
| Franklin North Carolina Tax-Free Income Fund                                                  | 811-04149         |
| Franklin Federal Intermediate-Term Tax-Free Income Fund                                       | 811-04149         |
| Templeton Developing Markets VIP Fund                                                         | 811-05583         |
| Franklin Ohio Tax-Free Income Fund                                                            | 811-04149         |
| Franklin Templeton Moderate Model Portfolio                                                   | 811-21128         |
| ClearBridge Growth Fund                                                                       | 811-06444         |
| Templeton International Bond Fund                                                             | 811-04706         |
| Franklin LifeSmart 2035 Retirement Target Fund                                                | 811-07851         |
| BrandywineGLOBAL - Global Unconstrained Bond Fund                                             | 811-22338         |
| Templeton Developing Markets Trust                                                            | 811-06378         |
| Putnam VT Large Cap Growth Fund (f/k/a Putnam VT Growth Opportunities Fund)                   | 811-05346         |
| Franklin Gold and Precious Metals Fund                                                        | 811-01700         |
| Putnam Core Equity Fund (f/k/a Putnam Multi-Cap Core Fund)                                    | 811-07513         |
| Putnam VT Sustainable Leaders Fund                                                            | 811-05346         |
| Putnam Diversified Income Trust                                                               | 811-05635         |
| Franklin LifeSmart 2050 Retirement Target Fund                                                | 811-07851         |
| Putnam Large Cap Growth Fund (f/k/a Putnam Growth Opportunities Fund)                         | 811-07237         |
| ClearBridge Dividend Strategy Fund                                                            | 811-06444         |
| Franklin Floating Rate Daily Access Fund                                                      | 811-04986         |
| Putnam Floating Rate Income Fund                                                              | 811-07513         |
| Western Asset Managed Municipals Fund                                                         | 811-04254         |
| Franklin Mutual Global Discovery Fund                                                         | 811-05387         |
| Templeton Global Bond Fund                                                                    | 811-04706         |
| Putnam VT Global Health Care Fund                                                             | 811-05346         |
| International Equity Series                                                                   | 811-06135         |
| Franklin Multi-Asset Variable Moderate Growth Fund                                            | 811-21128         |
| Franklin Multi-Asset Moderate Growth Fund                                                     | 811-06444         |
| Franklin Templeton SMACS:  Series I                                                           | 811-06243         |
| Western Asset Ultra-Short Income Fund                                                         | 811-04254         |
| Franklin High Income Fund                                                                     | 811-01608         |
| ClearBridge Variable Growth Portfolio                                                         | 811-21128         |
| Western Asset Oregon Municipals Fund                                                          | 811-04254         |
| Putnam New Jersey Tax Exempt Income Fund                                                      | 811-05977         |
| Putnam Short Duration Bond Fund                                                               | 811-07513         |
| Putnam Minnesota Tax Exempt Income Fund                                                       | 811-04527         |
| ClearBridge Select Fund                                                                       | 811-06444         |
| Western Asset Short Duration Income ETF                                                       | 811-23096         |
| BrandywineGLOBAL - Global Opportuniites Bond Fund                                             | 811-22338         |
| Putnam VT International Equity Fund                                                           | 811-05346         |
| Franklin Convertible Securities Fund                                                          | 811-04986         |
| Franklin LifeSmart Retirement Income Fund                                                     | 811-07851         |
| ClearBridge Small Cap Growth Fund                                                             | 811-06444         |
| Putnam Dynamic Asset Allocation Conservative Fund                                             | 811-07121         |
| Putnam VT Core Equity Fund (f/k/a Putnam VT Multi-Cap Core Fund)                              | 811-05346         |
| Franklin Missouri Tax-Free Income Fund                                                        | 811-04149         |
| ClearBridge Large Cap Value Fund                                                              | 811-06444         |
| Franklin Multi-Asset Conservative Growth Fund                                                 | 811-06444         |
| Putnam VT Government Money Market Fund                                                        | 811-05346         |
| Franklin New York Tax-Free Income Fund                                                        | 811-03479         |
| Templeton Foreign Fund                                                                        | 811-02781         |
| Franklin International Growth Fund                                                            | 811-10157         |
| Putnam PanAgora ESG International Equity ETF                                                  | 811-23643         |
| Franklin LifeSmart 2060 Retirement Target Fund                                                | 811-07851         |
| Western Asset Total Return Unconstrained Fund                                                 | 811-06110         |
| Franklin DynaTech VIP Fund                                                                    | 811-05583         |
| Putnam VT Mortgage Securities Fund                                                            | 811-05346         |
| Franklin U.S. Government Securities Fund                                                      | 811-00537         |
| ClearBridge Sustainability Leaders Fund                                                       | 811-06444         |
| Franklin Templeton SMACS:  Series EM                                                          | 811-08226         |
| Western Asset Municipal High Income Fund                                                      | 811-04254         |
| Putnam Sustainable Future Fund                                                                | 811-07237         |
| Franklin High Yield Corporate ETF                                                             | 811-23124         |
| Franklin S&P 500 Index Fund                                                                   | 811-06444         |
| Franklin Growth Allocation Fund                                                               | 811-07851         |
| Putnam VT Focused International Equity Fund                                                   | 811-05346         |
| ClearBridge Appreciation Fund                                                                 | 811-06444         |
| Templeton Growth Fund, Inc.                                                                   | 811-04892         |
| Franklin Global Real Estate VIP Fund                                                          | 811-05583         |
| Franklin Colorado Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Small Cap Value Fund                                                                 | 811-05878         |
| Franklin California High Yield Municipal Fund                                                 | 811-06481         |
| Putnam Emerging Markets Equity Fund                                                           | 811-07513         |
| Franklin Senior Loan ETF                                                                      | 811-23124         |
| Putnam Mortgage Securities Fund                                                               | 811-03897         |
| BrandywineGLOBAL - Diversified US Large Cap Value Fund                                        | 811-22338         |
| Western Asset SMASh Series C Fund                                                             | 811-06740         |
| Franklin LifeSmart 2030 Retirement Target Fund                                                | 811-07851         |
| Templeton Emerging Markets Small Cap Fund                                                     | 811-08226         |
| Franklin Louisiana Tax-Free Income Fund                                                       | 811-04149         |
| Putnam Massachusetts Tax Exempt Income Fund                                                   | 811-04518         |
| Franklin Low Duration Total Return Fund                                                       | 811-04986         |
| Putnam Pennsylvania Tax Exempt Income Fund                                                    | 811-05802         |
| Franklin High Yield Tax-Free Income Fund                                                      | 811-04149         |
| Franklin Equity Income Fund                                                                   | 811-04986         |
| Putnam Multi-Asset Income Fund                                                                | 811-07121         |
| Putnam VT Large Cap Value Fund                                                                | 811-05346         |
| Putnam Core Bond Fund (f/k/a Putnam Fixed Income Absolute Return Fund)                        | 811-07513         |
| Franklin Corefolio Allocation Fund                                                            | 811-07851         |
| Putnam VT International Value Fund                                                            | 811-05346         |
| Western Asset Mortgage Total Return Fund                                                      | 811-04254         |
| Franklin Templeton SMACS:  Series H                                                           | 811-06243         |
| Putnam Emerging Markets Ex-China ETF                                                          | 811-23643         |
| Putnam BDC Income ETF                                                                         | 811-23643         |
| Western Asset Total Return ETF                                                                | 811-23096         |
| Franklin Mutual Quest Fund                                                                    | 811-05387         |
| Franklin Small Cap Growth Fund                                                                | 811-06243         |
| Franklin Income VIP Fund                                                                      | 811-05583         |
| Franklin LifeSmart 2025 Retirement Target Fund                                                | 811-07851         |
| Franklin Federal Tax-Free Income Fund                                                         | 811-03395         |
| Franklin Core Plus Bond Fund                                                                  | 811-06243         |
| Western Asset Corporate Bond Fund                                                             | 811-04254         |
| Franklin Multi-Asset Defensive Growth Fund                                                    | 811-06444         |
| Franklin Alabama Tax-Free Income Fund                                                         | 811-04149         |
| Franklin Managed Income Fund                                                                  | 811-04986         |
| Franklin LifeSmart 2020 Retirement Target Fund                                                | 811-07851         |
| Putnam VT George Putnam Balanced Fund                                                         | 811-05346         |
| Western Asset SMASh Series Core Plus Completion                                               | 811-06740         |
| ClearBridge Variable Large Cap Growth Portfolio                                               | 811-21128         |
| Western Asset Income Fund                                                                     | 811-04254         |
| Western Asset Core Bond Fund                                                                  | 811-06110         |
| Franklin Natural Resources Fund                                                               | 811-06243         |
| Western Asset Core Plus Bond Fund                                                             | 811-06110         |
| Franklin Templeton Conservative Model Portfolio                                               | 811-21128         |
| Western Asset Inflation Indexed Plus Bond Fund                                                | 811-06110         |
| Franklin Mutual Small-Mid Cap Value Fund                                                      | 811-05878         |
| Franklin U.S. Small Capitalization Equity Fund (fka QS U.S. Small Capitalization Equity Fund) | 811-22338         |
| Putnam Ultra Short Duration Income Fund                                                       | 811-07513         |
| George Putnam Balanced Fund                                                                   | 811-00058         |
| Putnam BioRevolution ETF                                                                      | 811-23643         |
| Putnam Small Cap Value Fund                                                                   | 811-07237         |
| Franklin Arizona Tax-Free Income Fund                                                         | 811-04149         |
| Franklin Strategic Income VIP Fund                                                            | 811-05583         |
| Martin Currie SMASh Series EM Fund                                                            | 811-22338         |
| Franklin Mutual Global Discovery VIP Fund                                                     | 811-05583         |
| Martin Currie Emerging Markets Fund                                                           | 811-22338         |
| Franklin Total Return Fund                                                                    | 811-04986         |
| Franklin Pennsylvania Tax-Free Income Fund                                                    | 811-04149         |
| Western Asset Intermediate Maturity New York Municipals Fund                                  | 811-04254         |
| Templeton Global Balanced Fund                                                                | 811-08226         |
| Putnam ESG Ultra Short ETF                                                                    | 811-23643         |
| Franklin Income Fund                                                                          | 811-00537         |
| Franklin Biotechnology Discovery Fund                                                         | 811-06243         |
| Putnam Focused International Equity Fund                                                      | 811-01403         |
| Franklin Massachusetts Tax-Free Income Fund                                                   | 811-04149         |
| Putnam VT Global Asset Allocation Fund                                                        | 811-05346         |
| Franklin Maryland Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Real Estate Securities Fund                                                          | 811-08034         |
| Western Asset Pennsylvania Municipals Fund                                                    | 811-04254         |
| Western Asset Long Credit VIT                                                                 | 811-06310         |
| Franklin California Tax-Free Income Fund                                                      | 811-02790         |
| Franklin LifeSmart 2045 Retirement Target Fund                                                | 811-07851         |
| Templeton Foreign VIP Fund                                                                    | 811-05583         |
| Templeton World Fund                                                                          | 811-02781         |
| Franklin LifeSmart 2040 Retirement Target Fund                                                | 811-07851         |
| Putnam Tax Exempt Income Fund                                                                 | 811-02675         |
| Putnam Research Fund                                                                          | 811-07237         |
| Putnam Focused Large Cap Value ETF                                                            | 811-23643         |
| Franklin Floating Rate Master Series                                                          | 811-09869         |
| Putnam High Yield Fund                                                                        | 811-04616         |
| Franklin Multi-Asset Growth Fund                                                              | 811-06444         |
| ClearBridge Variable Appreciation Portfolio                                                   | 811-21128         |
| Templeton Global Smaller Companies Fund                                                       | 811-03143         |
| Western Asset Variable Global High Yield Bond Portfolio                                       | 811-06310         |
| Putnam Sustainable Future ETF                                                                 | 811-23643         |
| Putnam Ultra Short MAC Series                                                                 | 811-07513         |
| Franklin Connecticut Tax-Free Income Fund                                                     | 811-04149         |
| Putnam PanAgora ESG Emerging Markets Equity ETF                                               | 811-23643         |
| Templeton Global Total Return Fund                                                            | 811-04706         |
| Putnam Government Money Market Fund                                                           | 811-07237         |
| Franklin Mutual International Value Fund                                                      | 811-05387         |
| Franklin Emerging Market Debt Opportunities Fund                                              | 811-10157         |
| Templeton Sustainable Emerging Markets Bond Fund                                              | 811-04706         |
| Putnam Income Fund                                                                            | 811-00653         |
| BrandywineGLOBAL - High Yield Fund                                                            | 811-06444         |
| Franklin Michigan Tax-Free Income Fund                                                        | 811-04149         |
| Putnam Ohio Tax Exempt Income Fund                                                            | 811-04528         |
| Western Asset SMASh Series TF Fund                                                            | 811-06740         |
| Putnam ESG Core Bond ETF                                                                      | 811-23643         |
| Franklin Multi-Asset Variable Conservative Growth Fund                                        | 811-21128         |
| Franklin Small-Mid Cap Growth VIP Fund                                                        | 811-05583         |
| Franklin U.S. Government Securities VIP Fund                                                  | 811-05583         |
| Franklin Mutual Shares VIP Fund                                                               | 811-05583         |
| Putnam VT Sustainable Future Fund                                                             | 811-05346         |
| Franklin Templeton SMACS:  Series E                                                           | 811-06243         |
| Putnam Sustainable Leaders ETF                                                                | 811-23643         |
| Franklin Virginia Tax-Free Income Fund                                                        | 811-04149         |
| Franklin Strategic Mortgage Portfolio                                                         | 811-07288         |
| Franklin VolSmart Allocation VIP Fund                                                         | 811-05583         |
| Franklin Allocation VIP Fund (f/k/a Franklin Founding Funds Allocation VIP Fund)              | 811-05583         |
| Putnam Intermediate-Term Municipal Income Fund                                                | 811-07513         |
| BrandywineGLOBAL - Alternative Credit Fund                                                    | 811-22338         |
| Western Asset Intermediate Bond Fund                                                          | 811-06110         |
| Franklin Templeton SMACS:  Series CH                                                          | 811-06243         |
| Franklin Large Cap Growth VIP Fund                                                            | 811-05583         |
| ClearBridge Small Cap Fund                                                                    | 811-22338         |
| Franklin Federal Limited-Term Tax-Free Income Fund                                            | 811-04149         |
| ClearBridge Tactical Dividend Income Fund                                                     | 811-06444         |
| Western Asset High Yield Fund                                                                 | 811-06110         |
| Putnam Strategic Intermediate Municipal Fund                                                  | 811-04345         |
| ClearBridge Variable Mid Cap Portfolio                                                        | 811-21128         |
| Franklin Growth and Income VIP Fund                                                           | 811-05583         |
| ClearBridge Variable Small Cap Growth Portfolio                                               | 811-21128         |
| Franklin Conservative Allocation Fund                                                         | 811-07851         |

- **v. Did the Fund draw on the line of credit this period?** No

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** Putnam California Tax Exempt Income Fund

**Date:** 2025-09-30

**Signature:** Monica Krogh

**Title:** Assistant Treasurer