# EDGAR Filing Document

**Accession Number:** 0001005942
**File Stem:** 0001752724-25-203485
**Filing Date:** 2025-8
**Character Count:** 38251
**Document Hash:** 84b4a2ce0087ca562fca272d199ac936
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203485.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203485

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07513
- **FILM NUMBER:** 251253181

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

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

## Series and Classes Contracts Data

### Putnam Small Cap Growth Fund (Series ID: S000000777)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000002301 | Class C shares  |  |
| C000002302 | Class Y shares  |  |
| C000002303 | Class A shares  | PNSAX           |
| C000002306 | Class R shares  | PSGRX           |
| C000158897 | Class R6 Shares |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02110

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

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

- **a. Name of Series:** Putnam Small Cap Growth Fund

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

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

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3060303473.39

**Total Liabilities:** $168837994.18

**Net Assets:** $2891465479.21

**Cash Not Reported:** $318425.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002303 | 2.95%                | 5.78%                | 4.39%                |
| Class ID C000002306 | 2.93%                | 5.75%                | 4.37%                |
| Class ID C000158897 | 3.00%                | 5.82%                | 4.43%                |
| Class ID C000002302 | 2.97%                | 5.81%                | 4.40%                |
| Class ID C000002301 | 2.91%                | 5.70%                | 4.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-26753746.37            | $104129633.32                              |
| Month 2  | $1962870.76              | $153641949.85                              |
| Month 3  | $58051650.10             | $65968374.46                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mirion Technologies, Inc.                 | Mirion Technologies, Inc., Class A           | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    400980 | NS      | $8633099.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.               | Brinker International, Inc.                  | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     39576 | NS      | $7136740.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ, Inc.                                | CBIZ, Inc.                                   | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     75300 | NS      | $5399763.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals, Inc.            | Madrigal Pharmaceuticals, Inc.               | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     38268 | NS      | $11581427.52  | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| AvePoint, Inc.                            | AvePoint, Inc.                               | CUSIP: 053604104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    601749 | NS      | $11619773.19  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd.       | Credo Technology Group Holding Ltd.          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    381442 | NS      | $35317714.78  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                    | Integer Holdings Corp.                       | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |    215200 | NS      | $26463144.00  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity, Inc.                            | Doximity, Inc., Class A                      | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    310947 | NS      | $19073488.98  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp, Inc. (The)                       | Bancorp, Inc. (The)                          | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |    706863 | NS      | $40269985.11  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Wholesale Club Holdings, Inc.        | BJ's Wholesale Club Holdings, Inc.           | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |    130000 | NS      | $14017900.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr, Inc.                              | Grindr, Inc.                                 | CUSIP: 39854F101<br>LEI: 254900J9EDQSYT0ERQ67 | Long             | EC               | CORP              | US        |    472509 | NS      | $10725954.30  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group, Inc.               | Kinsale Capital Group, Inc.                  | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     90254 | NS      | $43673910.60  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings, Inc.                    | Medpace Holdings, Inc.                       | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     61623 | NS      | $19340994.78  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                              | RadNet, Inc.                                 | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |    336452 | NS      | $19147483.32  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed, Inc.                              | Insmed, Inc.                                 | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    371112 | NS      | $37348711.68  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals, Inc.              | Rhythm Pharmaceuticals, Inc.                 | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |    275500 | NS      | $17408845.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma plc                         | Verona Pharma plc                            | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |     25700 | NS      | $2430706.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems, Inc.               | Merit Medical Systems, Inc.                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    613000 | NS      | $57303240.00  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings, Inc.                   | Lantheus Holdings, Inc.                      | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |    185268 | NS      | $15166038.48  | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Blueprint Medicines Corp.                 | Blueprint Medicines Corp.                    | CUSIP: 09627Y109<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |     95794 | NS      | $12278874.92  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health, Inc.                  | Hims & Hers Health, Inc.                     | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |    405900 | NS      | $20234115.00  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Leonardo DRS, Inc.                        | Leonardo DRS, Inc.                           | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    612906 | NS      | $28487870.88  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                    | SPX Technologies, Inc.                       | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |    208281 | NS      | $34924558.08  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings, Inc.                        | RBC Bearings, Inc.                           | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143322 | NS      | $55150305.60  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCEPT BioRobotics Corp.                 | PROCEPT BioRobotics Corp.                    | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228891 | NS      | $13184121.60  | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Fabrinet                                  | Fabrinet                                     | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | KY        |    105700 | NS      | $31147676.00  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp.                               | Kirby Corp.                                  | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    419239 | NS      | $47545894.99  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems, Inc.                         | Pegasystems, Inc.                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    586200 | NS      | $31731006.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group, Inc. (The)       | Descartes Systems Group, Inc. (The)          | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |    535387 | NS      | $54419411.62  | 1.88%             |  |  |  | No            |                  1 | On Loan: —       |
| Vertex, Inc.                              | Vertex, Inc., Class A                        | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |   1435565 | NS      | $50725689.28  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp.                             | Parsons Corp.                                | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |    291835 | NS      | $20944997.95  | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Casella Waste Systems, Inc.               | Casella Waste Systems, Inc., Class A         | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |    406046 | NS      | $46849587.48  | 1.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Putnam Cash Collateral Pool LLC           | Putnam Cash Collateral Pool LLC              | CUSIP: 99311N9A5<br>LEI: 5493005HRIV7IFMKD774 | Long             | STIV             | PF                | US        | 164675548 | NS      | $164675548.10 | 5.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Xenon Pharmaceuticals, Inc.               | Xenon Pharmaceuticals, Inc.                  | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    259991 | NS      | $8137718.30   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp.                      | Verra Mobility Corp., Class A                | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |   1158596 | NS      | $29416752.44  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys, Inc.                            | Agilysys, Inc.                               | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |    258909 | NS      | $29681327.76  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group, Inc. (The)                  | Ensign Group, Inc. (The)                     | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |    347400 | NS      | $53589924.00  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group, Inc.   | Skyward Specialty Insurance Group, Inc.      | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |    924878 | NS      | $53448699.62  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                 | VSE Corp.                                    | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |    337551 | NS      | $44212429.98  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings, Inc.                       | Loar Holdings, Inc.                          | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66808 | NS      | $5756845.36   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education, Inc.            | Adtalem Global Education, Inc.               | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |    155944 | NS      | $19840755.12  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp.                    | Encompass Health Corp.                       | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    584700 | NS      | $71701761.00  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd.                                 | Nova Ltd.                                    | CUSIP: N/A<br>LEI: 529900B2DSWE5V3SC292       | Long             | EC               | CORP              | IL        |    249697 | NS      | $68716614.40  | 2.38%             |  |  |  | No            |                  1 | On Loan: —       |
| JBT Marel Corp.                           | JBT Marel Corp.                              | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     33797 | NS      | $4064427.22   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride, Inc.                              | Stride, Inc.                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |    281600 | NS      | $40885504.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                      | Federal Signal Corp.                         | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    414599 | NS      | $44121625.58  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies, Inc.                    | UFP Technologies, Inc.                       | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |    105240 | NS      | $25695398.40  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings, Inc.       | Clearwater Analytics Holdings, Inc., Class A | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    709738 | NS      | $15564554.34  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                       | Clean Harbors, Inc.                          | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |    124982 | NS      | $28893338.76  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S                       | Ascendis Pharma A/S                          | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |    107610 | NS      | $18573486.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollie's Bargain Outlet Holdings, Inc.     | Ollie's Bargain Outlet Holdings, Inc.        | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |    129621 | NS      | $17081455.38  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                         | Knife River Corp.                            | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    471100 | NS      | $38460604.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma plc                         | Verona Pharma plc                            | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |    708432 | NS      | $67003498.56  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics, Inc.                 | Axsome Therapeutics, Inc.                    | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |    192200 | NS      | $20063758.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings, Inc.                        | IES Holdings, Inc.                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |    100958 | NS      | $29906788.34  | 1.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Eagle Materials, Inc.                     | Eagle Materials, Inc.                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     70883 | NS      | $14326163.13  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics, Inc.                      | ADMA Biologics, Inc.                         | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1745010 | NS      | $31776632.10  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands, Inc.                     | BellRing Brands, Inc.                        | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    502521 | NS      | $29111041.53  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp.                     | GeneDx Holdings Corp., Class A               | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127750 | NS      | $11792602.50  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials, Inc.                     | CSW Industrials, Inc.                        | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     73715 | NS      | $21143673.45  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| StepStone Group, Inc.                     | StepStone Group, Inc., Class A               | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    784607 | NS      | $43545688.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                        | FirstService Corp.                           | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |    168900 | NS      | $29473623.65  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness, Inc.                      | Planet Fitness, Inc., Class A                | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |    270600 | NS      | $29508930.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd.                               | Camtek Ltd.                                  | CUSIP: N/A<br>LEI: 5493000H80W07HCKGS43       | Long             | EC               | CORP              | IL        |    362445 | NS      | $30648349.20  | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Patrick Industries, Inc.                  | Patrick Industries, Inc.                     | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |    182949 | NS      | $16880704.23  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products, Inc.         | Installed Building Products, Inc.            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |    156500 | NS      | $28220080.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Itron, Inc.                               | Itron, Inc.                                  | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |    397600 | NS      | $52336088.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CES Energy Solutions Corp.                | CES Energy Solutions Corp.                   | CUSIP: 15713J104<br>LEI: 984500NF54914EB1B646 | Long             | EC               | CORP              | CA        |   3322784 | NS      | $16177755.04  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners, Inc.               | Construction Partners, Inc., Class A         | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |    327299 | NS      | $34785337.72  | 1.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Boot Barn Holdings, Inc.                  | Boot Barn Holdings, Inc.                     | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |    200052 | NS      | $30407904.00  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intapp, Inc.                              | Intapp, Inc.                                 | CUSIP: 45827U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270911 | NS      | $13984425.82  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                       | ACI Worldwide, Inc.                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |   1024688 | NS      | $47043426.08  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group, Inc.              | Huron Consulting Group, Inc.                 | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |    419570 | NS      | $57707657.80  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Putnam Funds Trust                        | Putnam Short Term Investment Fund, Class P   | CUSIP: 74676P664<br>LEI: 549300S9JYWEMKQCLW53 | Long             |  | RF                | US        |  47086907 | NS      | $47086906.57  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                 | Perella Weinberg Partners, Class A           | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    808343 | NS      | $15698021.06  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma, Inc.                    | Bridgebio Pharma, Inc.                       | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    192147 | NS      | $8296907.46   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.          | Advanced Energy Industries, Inc.             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |    161258 | NS      | $21366685.00  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab Corp.                          | Rocket Lab Corp.                             | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    597143 | NS      | $21359805.11  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Comfort Systems USA, Inc.                 | Comfort Systems USA, Inc.                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |    126418 | NS      | $67786595.78  | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics, Inc.               | Halozyme Therapeutics, Inc.                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    531997 | NS      | $27674483.94  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter, Inc.                        | Badger Meter, Inc.                           | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     19894 | NS      | $4873035.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems, Inc.                     | Varonis Systems, Inc., Class B               | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |    141257 | NS      | $7168792.75   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA, Inc.                          | Murphy USA, Inc.                             | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |    103216 | NS      | $41988268.80  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                      | Centrus Energy Corp., Class A                | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     56330 | NS      | $10318529.40  | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Mr. Cooper Group, Inc.                    | Mr. Cooper Group, Inc.                       | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |    128300 | NS      | $19143643.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp.                | Carpenter Technology Corp.                   | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |    264305 | NS      | $73048615.90  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp.                              | SiTime Corp.                                 | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55073 | NS      | $11734954.84  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                 | Enova International, Inc.                    | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |    160926 | NS      | $17946467.52  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems, Inc.                   | Commvault Systems, Inc.                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |    144800 | NS      | $25242984.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Aritzia, Inc.                             | Aritzia, Inc.                                | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |    502800 | NS      | $26049230.77  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings, Inc.                         | Q2 Holdings, Inc.                            | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    381748 | NS      | $35727795.32  | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse, Inc.                     | Texas Roadhouse, Inc., Class A               | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |    253700 | NS      | $47545917.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                 | Crane Co.                                    | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |    149225 | NS      | $28336335.25  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock, Inc.                            | Archrock, Inc.                               | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    779196 | NS      | $19347436.68  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market, Inc.              | Sprouts Farmers Market, Inc.                 | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     11245 | NS      | $1851376.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp.                             | Vericel Corp.                                | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |    210297 | NS      | $8948137.35   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus, Inc.                              | Rambus, Inc.                                 | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |    229400 | NS      | $14686188.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd.                        | FTAI Aviation Ltd.                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    176894 | NS      | $20349885.76  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group, Inc.        | Colliers International Group, Inc.           | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |    188530 | NS      | $24667075.53  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                    | Dycom Industries, Inc.                       | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |    148284 | NS      | $36239126.76  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    925536 | NS      | $42991147.20  | 1.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Applied Industrial Technologies, Inc.     | Applied Industrial Technologies, Inc.        | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |    184179 | NS      | $42812408.55  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Putnam Funds Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer