PUTNAM INVESTMENT MANAGEMENT, LLC a Delaware limited liability company (the “Manager”).
In consideration of the mutual covenants herein contained, it is agreed as follows:
1. SERVICES TO BE RENDERED BY MANAGER TO FUND.
(a) The Manager, at its expense, will furnish continuously an investment program for the Fund or, in the case of a Fund that has divided its shares into two or more series under Section 18(f) (2) of the Investment Company Act of 1940, as amended (the “1940 Act”), each series of the Fund identified from time to time onSchedule Ato this Contract (each reference in this Contract to “a Fund” or to “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), will determine what investments will be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund will be held uninvested and will, on behalf of the Fund, make changes in such investments. Subject always to the control of the Trustees of the Fund and except for the functions carried out by the officers and personnel referred to in Section 1(d), the Manager will also manage, supervise and conduct the other affairs and business of the Fund and matters incidental thereto. In the performance of its duties, the Manager will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of the Fund and the stated investment objectives, policies and restrictions of the Fund, will use its best efforts to safeguard and promote the welfare of the Fund and to comply with other policies which the Trustees may from time to time determine and will exercise the same care and diligence expected of the Trustees.
(b) The Manager, at its expense, except as such expense is paid by the Fund as provided in Section 1(d), will furnish (1) all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully; (2) suitable office space for the Fund; and (3) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the affairs of the Fund, including determination of the net asset value of the Fund, but excluding shareholder accounting services. Except as otherwise provided in Section 1(d), the Manager will pay the compensation, if any, of the officers of the Fund.
(c) The Manager, at its expense, will place all orders for the purchase and sale of portfolio investments for the Fund’s account with brokers or dealers selected by the Manager. In the selection of such brokers or dealers and the placing of such orders, the Manager will use its best efforts to obtain for the Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Manager, bearing in mind the Fund’s best interests at all times, will consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and trends, thereputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in other transactions. Subject to such policies as the Trustees of the Fund may determine, the Manager will not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused the Fund to pay a broker or dealer that provides brokerage and research services to the Manager an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Manager determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Manager’s overall responsibilities with respect to the Fund and to other clients of the Manager as to which the Manager exercises investment discretion. The Manager agrees that in connection with purchases or sales of portfolio investments for the Fund’s account, neither the Manager nor any officer, director, employee or agent of the Manager shall act as a principal or receive any commission other than as provided in Section 3.
(d) The Fund will pay or reimburse the Manager for the compensation in whole or in part of such officers of the Fund and persons assisting them as may be determined from time to time by the Trustees of the Fund. The Fund will also pay or reimburse the Manager for all or part of the cost of suitable office space, utilities, support services and equipment attributable to such officers and persons as may be determined in each case by the Trustees of the Fund. The Fund will pay the fees, if any, of the Trustees of the Fund.
(e) The Manager will not be obligated to pay any expenses of or for the Fund not expressly assumed by the Manager pursuant to this Section 1 other than as provided in Section 3.
(f) Subject to the prior approval of a majority of the Trustees, including a majority of the Trustees who are not “interested persons” and, to the extent required by the 1940 Act and the rules and regulations under the 1940 Act, subject to any applicable guidance or interpretation of the Securities and Exchange Commission or its staff, by the shareholders of the Fund, the Manager may, from time to time, delegate to a sub-adviser or sub-administrator any of the Manager’s duties under this Contract, including the management of all or a portion of the assets being managed. In all instances, however, the Manager must oversee the provision of delegated services, the Manager must bear the separate costs of employing any sub-adviser or sub-administrator, and no delegation will relieve the Manager of any of its obligations under this Contract.
2. OTHER AGREEMENTS, ETC.
It is understood that any of the shareholders, Trustees, officers and employees of the Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the
Manager, and in any person controlled by or under common control with the Manager, and that the Manager and any person controlled by or under common control with the Manager may have an interest in the Fund. It is also understood that the Manager and any person controlled by or under common control with the Manager may have advisory, management, service or other contracts with other organizations and persons and may have other interests and business.
3. COMPENSATION TO BE PAID BY THE FUND TOTHE MANAGER.
The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a fee, based on the Fund’s Average Net Assets, computed and paid monthly at the annual rate(s) set forth onSchedule Battached to this Contract, as from time to time amended. The Fund’s “Average Net Assets” means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each month while this Contract is in effect, except as is otherwise specified onSchedule B. [The fee is payable for each month within 15 days after the close of the month.]1
The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments.
In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation.
If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated.
4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTSOF THIS CONTRACT.
This Contract will automatically terminate, without the payment of any penalty, in the event of its assignment, provided thatno delegation of responsibilities by the Manager pursuant to Section 1(f) will be deemed to constitute an assignment. No provision of this Contract may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought. No amendment of this Contract is effective until approved in a manner consistent with the 1940 Act, the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff.
5. EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT.
This Contract is effective upon its execution and will remain in full force and effect as to a Fund continuously thereafter (unless terminated automatically as set forth in Section 4 or terminated in accordance with the following paragraph) through June 30, 2014, and will continue in effect from year to year thereafter so long as its continuance is approved at least annually by (i) the Trustees, or the shareholders by the affirmative vote of a majority of the outstanding shares of the respective Fund, and (ii) a majority of the Trustees who are not interested persons of the Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval.
Either party hereto may at any time terminate this Contract as to a Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party. Action with respect to a Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund.
Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty.
6. CERTAIN DEFINITIONS.
For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares” of a Fund means the affirmative vote, at a duly called and held meeting of shareholders of the respective Fund, (a) of the holders of 67% or more of the shares of the Fund present (in person or by proxy) and entitled to vote at the meeting, if the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting are present in person or by proxy or (b) of the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting, whichever is less.
For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” have their respective meanings defined in the 1940 Act, subject, however, to the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; the term “approve at least annually” will be construed in a manner consistent with the 1940 Act and the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange
1 For each series of Putnam RetirementReady Funds only, the fee is payable for each month within 30 days after the close of the month.
Commission or its staff; and the term “brokerage and research services” has the meaning given in the Securities Exchange Act of 1934 and the rules and regulations under the Securities Exchange Act of 1934 and under any applicable guidance or interpretation of the Securities and Exchange Commission or its staff.
7. NON-LIABILITY OF MANAGER.
In the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager shall not be subject to any liability to the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder.
8. LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS.
A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund.
IN WITNESS WHEREOF, [NAME OF FUND] and PUTNAM INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written.
| | [NAME OF FUND]By:___________________________ | | | | | By: | | | |
| | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | | | By: | |
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Schedule A
Schedule A [LIST OF FUNDS] Schedule B [FEE SCHEDULE: SeeAppendix Dto this proxy statement for each fund’s detailed fee information. The management fee for each fund under the proposed new management contract is identical to that for each fund under the fund’s previous management contract.] For the following funds only: Putnam Absolute Return 500 Fund Putnam Absolute Return 700 Fund Putnam Asia Pacific Equity Fund Putnam Capital Spectrum Fund Putnam Emerging Markets Equity Fund Putnam Equity Spectrum Fund Putnam Europe Equity Fund Putnam Global Dividend Fund Putnam Global Equity Fund Putnam Growth Opportunities Fund Putnam International Capital Opportunities Fund Putnam International Equity Fund Putnam International Growth Fund Putnam International Value Fund Putnam Multi-Cap Growth Fund Putnam Small Cap Growth Fund Putnam Strategic Volatility Equity Fund Putnam Voyager Fund
FORM OF PROPOSED MANAGEMENT CONTRACT This Management Contract is dated as of February 27, 2014 between [NAME OF FUND], a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”). In consideration of the mutual covenants herein contained, it is agreed as follows: 1. SERVICES TO BE RENDERED BY MANAGER TO FUND. (a) The Manager, at its expense, will furnish continuously an investment program for the Fund or, in the case of a Fund that has divided its shares into two or more series under Section 18(f) (2) of the Investment Company Act of 1940, as amended (the “1940 Act”), each series of the Fund identified from time to time onSchedule Ato this Contract (each reference in this Contract to “a Fund” or to “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), will determine what investments will be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund will be held uninvested and will, on behalf of the Fund, make changes in such investments. Subject always to the control of the Trustees of the Fund and except for the functions carried out by the officers and personnel referred to in Section 1(d), the Manager will also manage, supervise and conduct the other affairs and business of the Fund and matters incidental thereto. In the performance of its duties, the Manager will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of the Fund and the stated investment objectives, policies and restrictions of the Fund, will use its best efforts to safeguard and promote the welfare of the Fund and to comply with other policies which the Trustees may from time to time determine and will exercise the same care and diligence expected of the Trustees.
(b) The Manager, at its expense, except as such expense is paid by the Fund as provided in Section 1(d), will furnish (1) all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully; (2) suitable office space for the Fund; and (3) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the affairs of the Fund, including determination of the net asset value of the Fund, but excluding shareholder accounting services. Except as otherwise provided in Section 1(d), the Manager will pay the compensation, if any, of the officers of the Fund. (c) The Manager, at its expense, will place all orders for the purchase and sale of portfolio investments for the Fund’s account with brokers or dealers selected by the Manager. In the selection of such brokers or dealers and the placing of such orders, the Manager will use its best efforts to obtain for the Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Manager, bearing in mind themindthe Fund’s best interests at all times, will consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and trends, the reputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in other transactions. Subject to such policies as the Trustees of the Fund may determine, the Manager will not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused the Fund to pay a broker or dealer that provides brokerage and research services to the Manager an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Manager determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Manager’s overall responsibilities with respect to the Fund and to other clients of the Manager as to which the Manager exercises investment discretion. The Manager agrees that in connection with purchases or sales of portfolio investments for the Fund’s account, neither the Manager nor any officer, director, employee or agent of the Manager shall act as a principal or receive any commission other than as provided in Section 3. (d) The Fund will pay or reimburse the Manager for the compensation in whole or in part of such officers of the Fund and persons assisting them as may be determined from time to time by the Trustees of the Fund. The Fund will also pay or reimburse the Manager for all or part of the cost of suitable office space,utilities, support services and equipment attributable to such officers and persons as may be determined in each case by the Trustees of the Fund. The Fund will pay the fees, if any, of the Trustees of the Fund. (e) The Manager will not be obligated to pay any expenses of or for the Fund not expressly assumed by the Manager pursuant to this Section 1 other than as provided in Section 3. (f) Subject to the prior approval of a majority of the Trustees, including a majority of the Trustees who are not “interested persons” and, to the extent required by the 1940 Act and the rules and regulations under the 1940 Act, subject to any applicable guidance or interpretation of the Securities and Exchange Commission or its staff, by the shareholders of the Fund, the Manager may, from time to time, delegate to a sub-adviser or sub-administrator any of the Manager’s duties under this Contract, including the management of all or a portion of the assets being managed. In all instances, however, the Manager must oversee the provision of delegated services, the Manager must bear the separate costs of employing any sub-adviser or sub-administrator, and no delegation will relieve the Manager of any of its obligations under this Contract.
2. OTHER AGREEMENTS, ETC. It is understood that any of the shareholders, Trustees, officers and employees of the Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the Manager, and in any person controlled by or under common control with the Manager, and that the Manager and any person controlled by or under common control with the Manager may have an interest in the Fund. It is also understood that the Manager and any person controlled by or under common control with the Manager may have advisory, management, service or other contracts with other organizations and persons and may have other interests and business. 3. COMPENSATION TO BE PAID BY THE FUND TOTHE MANAGER. The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a Base Fee, computed and paid monthly on the Average Net Assets of the Fund at the annual rates set forth onSchedule Battached to this Contract, as from time to time amended, subject to adjustment as set forth onSchedule Cattached to this Contract, as from time to time amended. The Fund’s “Average Net Assets” means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each period for which such computation is made. The Base Fee, as adjusted, is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale
of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated. 4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTSOF THIS CONTRACT. This Contract will automatically terminate, without the payment of any penalty, in the event of its assignment, provided that no delegation of responsibilities by the Manager pursuant to Section 1(f) will be deemed to constitute an assignment. No provision of this Contract may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought. No amendment of this Contract is effective until approved in a manner consistent with the 1940 Act, the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 5. EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract is effective upon its execution and will remain in full force and effect as to a Fund continuously thereafter (unless terminated automatically as set forth in Section 4 or terminated in accordance with the following paragraph) through June 30, 2014, and will continue in effect from year to year thereafter so long as its continuance is approved at least annually by (i) the Trustees, or the shareholders by the affirmative vote of a majority of the outstanding shares of the respective Fund, and (ii) a majority of the Trustees who are not interested persons of the Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval. Either party hereto may at any time terminate this Contract as to a Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party. Action with respect to a Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty. 6. CERTAIN DEFINITIONS. For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares” of a Fund means the affirmative vote, at a duly called and held meeting of shareholders of the respective Fund, (a) of the holders of 67% or more of the shares of the Fund present (in person or by proxy) and entitled to vote at the meeting, if the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting are present in person or by proxy or (b) of the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting, whichever is less. For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” have their respective meanings defined in the 1940 Act, subject, however, to the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; the term “approve at least annually” will be construed in a manner consistent with the 1940 Act and
the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; and the term “brokerage and research services” has the meaning given in the Securities Exchange Act of 1934 and the rules and regulations under the Securities Exchange Act of 1934 and under any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 7. NON-LIABILITY OF MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager shall not be subject to any liability to the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder. 8. LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. IN WITNESS WHEREOF, [NAME OF FUND] and PUTNAM INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written.
| | [NAME OF FUND] | | | By:___________________________ | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | | By:___________________________ | |
| | | | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | | | By: | |
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Schedule A [LIST OF FUNDS]
Schedule B [FEE SCHEDULE: SeeAppendix Dto this proxy statement for each fund’s detailed fee information. The management fee for each fund under the proposed new management contract is identical to that for each fund under the fund’s previous management contract.] Schedule C PUTNAM ABSOLUTE RETURN 500 FUND, PUTNAM ABSOLUTE RETURN 700 FUND, PUTNAM CAPITAL SPECTRUM FUND, PUTNAM EQUITY SPECTRUM FUND, PUTNAM GLOBAL DIVIDEND FUND, AND PUTNAM STRATEGIC VOLATILITY EQUITY FUND: Commencing with the thirteenth whole calendar month of the Fund’s operations, the Fund’s Base Fee computed in accordance withSchedule Bwill be adjusted, on a monthly basis, upward or downward, as the case may be, by an amount computed by applying the Performance Adjustment Rate to the Average Net Assets of the Fund for the Performance Period and dividing the result by twelve. PUTNAM ASIA PACIFIC EQUITY FUND, PUTNAM EMERGING MARKETS EQUITY FUND, PUTNAM EUROPE EQUITY FUND, PUTNAM GLOBAL EQUITY FUND, PUTNAM GROWTH OPPORTUNITIES FUND, PUTNAM INTERNATIONAL CAPITAL OPPORTUNITIES FUND, PUTNAM INTERNATIONAL EQUITY FUND, PUTNAM INTERNATIONAL GROWTH FUND, PUTNAM INTERNATIONAL VALUE FUND, PUTNAM MULTI-CAP GROWTH FUND, PUTNAM SMALL CAP GROWTH FUND, AND PUTNAM VOYAGER FUND: The Fund’s Base Fee computed in accordance withSchedule Bwill be adjusted, on a monthly basis, upward or downward, as the case may be, by an amount computed by applying the Performance Adjustment Rate to the Average Net Assets of the Fund for the Performance Period and dividing the result by twelve. PUTNAM ABSOLUTE RETURN 500 FUND, PUTNAM ABSOLUTE RETURN 700 FUND, PUTNAM CAPITAL SPECTRUM FUND, PUTNAM EQUITY SPECTRUM FUND, PUTNAM GLOBALDIVIDENDGLOBAL DIVIDEND FUND, AND PUTNAM STRATEGIC VOLATILITY EQUITY FUND:Performance Period.The Performance Period is equal to the shorter of (i) the period from the date the Fund commenced operations to the end of the month for which the fee adjustment is being computed or (ii) the thirty-six month period then ended. PUTNAM ASIA PACIFIC EQUITY FUND, PUTNAM EMERGING MARKETS EQUITY FUND, PUTNAM EUROPE EQUITY FUND, PUTNAM GLOBAL EQUITY FUND, PUTNAM GROWTH OPPORTUNITIES FUND, PUTNAM INTERNATIONAL CAPITAL OPPORTUNITIES FUND, PUTNAM INTERNATIONAL EQUITY FUND, PUTNAM INTERNATIONAL GROWTH FUND, PUTNAM INTERNATIONAL VALUE FUND, PUTNAM SMALL CAP GROWTH FUND, AND PUTNAM VOYAGER FUND:Performance Period.The Performance Period is equal to the shorter of (i) the period from January 1, 2010 to the end of the month for which the fee adjustment is being computed or (ii) the thirty-six month period then ended. PUTNAM MULTI-CAP GROWTH FUND:Performance Period.The Performance Period is equal to the shorter of (i) the period from February 1, 2010 to the end of the month for which the fee adjustment is being computed or (ii) the thirty-six month period then ended.
PUTNAM ABSOLUTE RETURN 500 FUND AND PUTNAM ABSOLUTE RETURN 700 FUND:Performance Adjustment Rate.The Performance Adjustment Rate is equal to the product of 0.04 multiplied by the difference, positive or negative, obtained by subtracting (i) the sum of the Investment Record of the Benchmark for the Performance Period plus the Hurdle from (ii) the Investment Performance of the Measuring Class for the Performance Period;providedthat the Performance Adjustment Rate for the Fund may not exceed the Maximum Performance Adjustment Rate set forth onSchedule Bor be less than the Minimum Performance Adjustment Rate set forth onSchedule B. PUTNAM CAPITAL SPECTRUM FUND AND PUTNAM EQUITY SPECTRUM FUND:Performance Adjustment Rate.The Performance Adjustment Rate is equal to the product of 0.04 multiplied by the difference, positive or negative, obtained by subtracting (i) the Investment Record of the Benchmark for the Performance Period from (ii) the Investment Performance of the Measuring Class for the Performance Period;providedthat the Performance Adjustment Rate for the Fund may not exceed the Maximum Performance Adjustment Rate set forth onSchedule Bor be less than the Minimum Performance Adjustment Rate set forth onSchedule B. PUTNAM ASIA PACIFIC EQUITY FUND, PUTNAM EMERGING MARKETS EQUITY FUND, PUTNAM EUROPE EQUITY FUND, PUTNAM GLOBAL DIVIDEND FUND, PUTNAM GLOBAL EQUITY FUND, PUTNAM GROWTH OPPORTUNITIES FUND, PUTNAM INTERNATIONAL CAPITAL OPPORTUNITIES FUND, PUTNAM INTERNATIONAL EQUITY FUND, PUTNAM INTERNATIONAL
GROWTH FUND, PUTNAM INTERNATIONAL VALUE FUND, PUTNAM MULTI-CAP GROWTH FUND, PUTNAM SMALL CAP GROWTH FUND, PUTNAM STRATEGIC VOLATILITY EQUITY FUND, AND PUTNAM VOYAGER FUND:Performance Adjustment Rate.The Performance Adjustment Rate is equal to the product of 0.03 multiplied by the difference, positive or negative, obtained by subtracting (i) the Investment Record of the Benchmark for the Performance Period from (ii) the Investment Performance of the Measuring Class for the Performance Period;providedthat the Performance Adjustment Rate for the Fund may not exceed the Maximum Performance Adjustment Rate set forth onSchedule Bor be less than the Minimum Performance Adjustment Rate set forth onSchedule B. ALL FUNDS:Investment Performance and Investment Record.These terms are used as defined in Rule 205-1 under the Investment Advisers Act of 1940, as amended, and shall each be computed on an annualized basis for any Performance Period greater than one year. PUTNAM ABSOLUTE RETURN 500 FUND AND PUTNAM ABSOLUTE RETURN 700 FUND: Hurdle. The Fund’s Hurdle is set forth inSchedule B. PUTNAM ABSOLUTE RETURN 500 FUND, PUTNAM ABSOLUTE RETURNABSOLUTERETURN 700 FUND, PUTNAM CAPITAL SPECTRUM FUND,PUTNAM EMERGING MARKETS EQUITY FUND, PUTNAM EQUITY SPECTRUM FUND, PUTNAM EUROPE EQUITY FUND, PUTNAM GLOBAL DIVIDEND FUND, PUTNAM GLOBAL EQUITY FUND, PUTNAM GROWTH OPPORTUNITIES FUND, PUTNAM INTERNATIONAL CAPITAL OPPORTUNITIES FUND, PUTNAM INTERNATIONAL EQUITY FUND, PUTNAM INTERNATIONAL GROWTH FUND, PUTNAM MULTI-CAP GROWTH FUND, PUTNAM SMALL CAP GROWTH FUND, PUTNAM STRATEGIC VOLATILITY EQUITY FUND, AND PUTNAM VOYAGER FUND:Benchmark.The Fund’s initial Benchmark is set forth inSchedule B. If the Trustees determine that another appropriate index of securities prices should be substituted as the Benchmark, the Trustees may determine, with the consent of the Manager, to use such other appropriate index of securities prices for purposes of thisSchedule C(the “Replacement Benchmark”) without shareholder approval, unless shareholder approval of the change is otherwise required by applicable law. Any Replacement Benchmark will be applied prospectively to determine the amount of the Performance Adjustment. The Benchmark will continue to be used to determine the amount of the Performance Adjustment for that part of the Performance Period prior to the effective date of the Replacement Benchmark. PUTNAM ASIA PACIFIC EQUITY FUND AND PUTNAM INTERNATIONAL VALUE FUND:Benchmark.The Fund’s initial Benchmark is set forth inSchedule B. If the Trustees determine that another appropriate index of securities prices should be substituted as the Benchmark, the Trustees may determine, with the consent of the Manager, to use such other appropriate index of securities prices for purposes of thisSchedule C(the “Replacement Benchmark”) without shareholder approval,unless shareholder approval of the change is otherwise required by applicable law. Any Replacement Benchmark will be applied prospectively to determine the amount of the Performance Adjustment. The Benchmark will continue to be used to determine the amount of the Performance Adjustment for that part of the Performance Period prior to the effective date of the Replacement Benchmark. The Fund’s initial Replacement Benchmark is set forth inSchedule B, together with its effective date of incorporation into the calculation of any adjustment to the Fund’s Base Fee. Any further Replacement Benchmark, and its effective date of incorporation into the calculation of any adjustment to the Fund’s Base Fee, will also be identified onSchedule B. ALL FUNDS:Measuring Class.The “Measuring Class” of shares of the Fund initially is Class A shares of the Fund. If the Trustees determine that a different class of shares of the Fund is the most appropriate for use in calculating the Performance Adjustment, the Trustees may change, with the consent of the Manager, the class of shares used as the Measuring Class without shareholder approval, unless shareholder approval of such change is otherwise required by applicable law. If a different class of shares (“Replacement Measuring Class”) is substituted in calculating the Performance Adjustment, the use of that Replacement
Measuring Class of shares for purposes of calculating the Performance Adjustment may apply to the entire Performance Period so long as the Replacement Measuring Class was outstanding at the beginning of such period. If the Replacement Measuring Class of shares was not outstanding for all or a portion of the Performance Period, it may only be used in calculating that portion of the Performance Adjustment attributable to the period during which the Replacement Measuring Class was outstanding and any previous portion of the Performance Period will be calculated using the Measuring Class. Notwithstanding any other provisions in thisSchedule C, the computation of the Performance Adjustment Rate, the Investment Performance of the Measuring Class and the Investment Record of the Benchmark will be made in accordance with the Investment Advisers Act of 1940, as amended, and any applicable rules thereunder. For the following funds only: Putnam Absolute Return 100 Fund Putnam Absolute Return 300 Fund FORM OF PROPOSED MANAGEMENT CONTRACT This Management Contract is dated as of February 27, 2014 between [NAME OF FUND], a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”). In consideration of the mutual covenants herein contained, it is agreed as follows:
1. SERVICES TO BE RENDERED BY MANAGER TO FUND. (a) The Manager, at its expense, will furnish continuously an investment program for the Fund or, in the case of a Fund that has divided its shares into two or more series under Section 18(f) (2) of the Investment Company Act of 1940, as amended (the “1940 Act”), each series of the Fund identified from time to time onSchedule Ato this Contract (each reference in this Contract to “a Fund” or to “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), will determine what investments will be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund will be held uninvested and will, on behalf of the Fund, make changes in such investments. Subject always to the control of the Trustees of the Fund and except for the functions carried out by the officers and personnel referred to in Section 1(d), the Manager will also manage, supervise and conduct the other affairs and business of the Fund and matters incidental thereto. In the performance of its duties, the Manager will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of the Fund and the stated investment objectives, policies and restrictions of the Fund, will use its best efforts to safeguard and promote the welfare of the Fund and to comply with other policies which the Trustees may from time totimeto time determine and will exercise the same care and diligence expected of the Trustees. (b) The Manager, at its expense, except as such expense is paid by the Fund as provided in Section 1(d), will furnish (1) all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully; (2) suitable office space for the Fund; and (3) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the affairs of the Fund, including determination of the net asset value of the Fund, but excluding shareholder accounting services. Except as otherwise provided in Section 1(d), the Manager will pay the compensation, if any, of the officers of the Fund. (c) The Manager, at its expense, will place all orders for the purchase and sale of portfolio investments for the Fund’s account with brokers or dealers selected by the Manager. In the selection of such brokers or dealers and the placing of such orders, the Manager will use its best efforts to obtain for the Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Manager, bearing in mind the Fund’s best interests at all times, will consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and trends, the reputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in othertransactions.other transactions. Subject to such policies as the Trustees of the Fund may determine, the Manager will not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused the Fund to pay a broker or dealer that provides brokerage and research services to the Manager an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Manager determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Manager’s overall responsibilities with respect to the Fund and to other clients of the Manager as to which the Manager exercises investment discretion. The Manager agrees that in connection with purchases or sales of portfolio investments for the Fund’s account, neither the Manager nor any officer, director, employee or agent of the Manager shall act as a principal or receive any commission other than as provided in Section 3. (d) In consideration of the fees payable by the Fund to the Manager pursuant to Section 3, the Manager will also pay, or reimburse the Fund for, all of the Fund’s organizational and
other operating expenses, excluding only fees payable under distribution plans adopted pursuant to Rule 12b-1 under the 1940 Act, any upward or downward adjustments to the Fund’s Base Fee, brokerage, interest, taxes, investment-related expenses, extraordinary expenses, and acquired fund fees and expenses. (e) Subject to the prior approval of a majority of the Trustees, including a majority of the Trustees who are not “interested persons” and, to the extent required by the 1940 Act and the rules and regulations under the 1940 Act, subject to any applicable guidance or interpretation of the Securities and Exchange Commission or its staff, by the shareholders of the Fund, the Manager may, from time to time, delegate to a sub-adviser or sub-administrator any of the Manager’s duties under this Contract, including the management of all or a portion of the assets being managed. In all instances, however, the Manager must oversee the provision of delegated services, the Manager must bear the separate costs of employing any sub-adviser or sub-administrator, and no delegation will relieve the Manager of any of its obligations under this Contract. 2. OTHER AGREEMENTS, ETC. It is understood that any of the shareholders, Trustees, officers and employees of the Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the Manager, and in any person controlled by or under common control with the Manager, and that the Manager and any person controlled by or under common control with the Manager may have an interest in the Fund. It is also understood that the Manager and any person controlled by or under common control with the Manager may have advisory, management,
service or other contracts with other organizations and persons and may have other interests and business. 3. COMPENSATION TO BE PAID BY THE FUND TOTHE MANAGER. The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a Base Fee, computed and paid monthly on the Average Net Assets of the Fund at the annual rate set forth onSchedule Battached to this Contract, as from time to time amended, subject to adjustment as set forth onSchedule Cattached to this Contract, as from time to time amended. The Fund’s “Average Net Assets” means the average of all of the determinations of the Fund’s net asset value at the close of business on each business day during each period for which such computation is made. The Base Fee, as adjusted, is payable for each month within 15 days after the close of the month. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliatedanyaffiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a month, the foregoing compensation will be prorated. 4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTSOF THIS CONTRACT. This Contract will automatically terminate, without the payment of any penalty, in the event of its assignment, provided that no delegation of responsibilities by the Manager pursuant to Section 1(f) will be deemed to constitute an assignment. No provision of this Contract may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought. No amendment of this Contract is effective until approved in a manner consistent withthewith the 1940 Act, the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 5. EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract is effective upon its execution and will remain in full force and effect as to a Fund continuously thereafter (unless terminated automatically as set forth in Section 4 or terminated in accordance with the following paragraph) through June 30, 2014, and will continue in effect from year to year thereafter so long as its continuance is approved at least annually by (i) the Trustees, or the shareholders by the affirmative vote of a majority of the outstanding shares of the respective Fund, and (ii) a majority of the Trustees who are not interested persons of the Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval. Either party hereto may at any time terminate this Contract as to a Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party. Action with respect to a Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund.
Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty. 6. CERTAIN DEFINITIONS. For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares” of a Fund means the affirmative vote, at a duly called and held meeting of shareholders of the respective Fund, (a) of the holders of 67% or more of the shares of the Fund present (in person or by proxy) and entitled to vote at the meeting, if the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting are present in person or by proxy or (b) of the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting, whichever is less. For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” have their respective meanings defined in the 1940 Act, subject, however, to the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; the term “approve at least annually” will be construed in a manner consistent with the 1940 Act and the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; and the term “brokerage and research services” has the meaning given in the Securities Exchange Act of 1934 and the rules and regulations under the Securities Exchange Act of 1934 and under any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 7. NON-LIABILITY OF MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of
its obligations and duties hereunder, the Manager shall not be subject to any liability to the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder. 8. LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. IN WITNESS WHEREOF, [NAME OF FUND] and PUTNAM INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. | | [NAME OF FUND] | | | By:___________________________ | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | | By:___________________________ | |
| | | | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | By: | |
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Schedule A [LIST OF FUNDS]
Schedule B [FEE SCHEDULE: SeeAppendix Dto this proxy statement for each fund’s detailed fee information. The management fee for each fund under the proposed new management contract is identical to that for each fund under the fund’s previous management contract.] Schedule C Commencing with the thirteenth whole calendar month of the Fund’s operations, the Fund’s Base Fee computed in accordance withSchedule Bwill be adjusted, on a monthly basis, upward or downward, as the case may be, by an amount computed by applying the Performance Adjustment Rate to the Average Net Assets of the Fund for the Performance Period and dividing the result by twelve. Performance Period.The Performance Period is equal to the shorter of (i) the period from the date the Fund commencedoperationscommenced operations to the end of the month for which the fee adjustment is being computed or (ii) the thirty-six month period then ended. Performance Adjustment Rate.The Performance Adjustment Rate is equal to the product of 0.04 multiplied by the difference, positive or negative, obtained by subtracting (i) the sum of the Investment Record of the Benchmark for the Performance Period plus the Hurdle from (ii) the Investment Performance of the Measuring Class for the Performance Period; provided that the Performance Adjustment Rate for the Fund may not exceed the Maximum Performance Adjustment Rate set forth onSchedule Bor be less than the Minimum Performance Adjustment Rate set forth onSchedule B. Investment Performance and Investment Record.These terms are used as defined in Rule 205-1 under the Investment Advisers Act of 1940, as amended, and shall each be computed on an annualized basis for any Performance Period greater than one year. Hurdle.The Fund’s Hurdle is set forth inSchedule B.
Benchmark.The Fund’s initial Benchmark is set forth inSchedule B. If the Trustees determine that another appropriate index of securities prices should be substituted as the Benchmark, the Trustees may determine, with the consent of the Manager, to use such other appropriate index of securities prices for purposes of thisSchedule C(the “Replacement Benchmark”) without shareholder approval, unless shareholder approval of the change is otherwise required by applicable law. Any Replacement Benchmark will be applied prospectively to determine the amount of the Performance Adjustment. The Benchmark will continue to be used to determine the amount of the Performance Adjustment for that part of the Performance Period prior to the effective date of the Replacement Benchmark. Measuring Class.The “Measuring Class” of shares of the Fund initially is Class A shares of the Fund. If the Trustees determine that a different class of shares of the Fund is the most appropriate for use in calculating the Performance Adjustment, the Trustees may change, with the consent of the Manager, the class of shares used as the Measuring Class without shareholder approval, unless shareholder approval of such change is otherwise required by applicable law. If a different class of shares (“Replacement Measuring Class”) is substituted in calculating the Performance Adjustment, the use of that Replacement Measuring Class of shares for purposes of calculating the Performance Adjustment may apply to the entire Performance Period so long as the Replacement Measuring Class was outstanding at the beginning of such period. If the Replacement Measuring Class of shares was not outstanding for all or a portion of the Performance Period, it may only be used in calculating that portion of the Performance Adjustment attributable to the period during which the Replacement Measuring Class was outstanding and any previous portion of the Performance Period will be calculated using the Measuring Class.
Notwithstanding any other provisions in thisSchedule C, the computation of the Performance Adjustment Rate, the Investment Performance of the Measuring Class and the Investment Record of the Benchmark will be made in accordance with the Investment Advisers Act of 1940, as amended, and any applicable rules thereunder. For the following funds only: Putnam Managed Municipal Income Trust Putnam Municipal Opportunities Trust FORM OF PROPOSED MANAGEMENT CONTRACT This Management Contract is dated as of February 27, 2014 between [NAME OF FUND], a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”). In consideration of the mutual covenants herein contained, it is agreed as follows: 1. SERVICES TO BE RENDERED BY MANAGER TO FUND. (a) The Manager, at its expense, will furnish continuously an investment program for the Fund or, in the case of a Fund that has divided its shares into two or more series under Section 18(f) (2) of the Investment Company Act of 1940, as amended (the “1940 Act”), each series of the Fund identified from time to time onSchedule Ato this Contract (each reference in this Contract to “a Fund” or to “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), will determine what investments will be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund will be held uninvested and will, on behalf of the Fund, make changes in such investments. Subject always to the control of the Trustees of the Fund and except for the functions carried out by the officers and personnel referred to in Section 1(d), the Manager will also manage, supervise and conduct the other affairs and business of the Fund and matters incidental thereto. In the performance of its duties, the Manager will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of the Fund and the stated investment objectives, policies and restrictions of the Fund, will use its best efforts to safeguard and promote the welfare of the Fund and to comply with other policies which the Trustees may from time to time determine and will exercise the same care and diligence expected of the Trustees. (b) The Manager, at its expense, except as such expense is paid by the Fund as provided in Section 1(d), will furnish (1) all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully; (2) suitable office space for the Fund; and (3) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the affairs of the Fund, including determination of the net asset value of the Fund, but excluding shareholder accounting services. ExceptasExcept as otherwise provided in Section 1(d), the Manager will pay the compensation, if any, of the officers of the Fund. (c) The Manager, at its expense, will place all orders for the purchase and sale of portfolio investments for the Fund’s account with brokers or dealers selected by the Manager. In the selection of such brokers or dealers and the placing of such orders, the Manager will use its best efforts to obtain for the Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Manager, bearing in mind the Fund’s best interests at all times, will consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and trends, the reputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in other transactions. Subject to such policies as the Trustees of the Fund
may determine, the Manager will not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused the Fund to pay a broker or dealer that provides brokerage and research services to the Manager an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Manager determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Manager’s overall responsibilities with respect to the Fund and to other clients of the Manager as to which the Manager exercises investment discretion. The Manager agrees that in connection with purchases or sales of portfolio investments for the Fund’s account, neither the Manager nor any officer, director, employee or agent of the Manager shall act as a principal or receive any commission other than as provided in Section 3. (d) The Fund will pay or reimburse the Manager for the compensation in whole or in part of such officers of the Fund and persons assisting them as may be determined from time to time by the Trustees of the Fund. The Fund will also pay or reimburse the Manager for all or part of the cost of suitable office space, utilities, support services and equipment attributable to such officers and persons as may be determined in each case by the Trustees of the Fund. The Fund will pay the fees, if any, of the Trustees of the Fund. (e) The Manager will not be obligated to pay any expenses of or for the Fund not expressly assumed by the Manager pursuant to this Section 1 other than as provided in Section 3. (f) Subject to the prior approval of a majority of the Trustees, including a majority of the Trustees who are not “interested
persons” and, to the extent required by the 1940 Act and the rules and regulations under the 1940 Act, subject to any applicable guidance or interpretation of the Securities and Exchange Commission or its staff, by the shareholders of the Fund, the Manager may, from time to time, delegate to a sub-adviser or sub-administrator any of the Manager’s duties under this Contract, including the management of all or a portion of the assets being managed. In all instances, however, the Manager must oversee the provision of delegated services, the Manager must bear the separate costs of employing any sub-adviser or sub-administrator, and no delegation will relieve the Manager of any of its obligations under this Contract. 2. OTHER AGREEMENTS, ETC. It is understood that any of the shareholders, Trustees, officers and employees of the Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the Manager, and in any person controlled by or under common control with the Manager, and that the Manager and any person controlled by or under common control with the Manager mayManagermay have an interest in the Fund. It is also understood that the Manager and any person controlled by or under common control with the Manager may have advisory, management, service or other contracts with other organizations and persons and may have other interests and business. 3. COMPENSATION TO BE PAID BY THE FUND TOTHE MANAGER. The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a fee, based on the Fund’s Average Net Assets, computed and paid quarterly at the annual rates set forth onSchedule Battached to this Contract, as from time to time amended. “Average Net Assets” means the average of all of the determinations of the Fund’s net asset value during each quarter at the close of business on the last business day of each week, for each week which ends during the quarter. The fee is payable for each quarter within 30 days after the close of the quarter. In the event that the amount of dividends payable with respect to any outstanding shares of beneficial interest of the Fund with preference rights (“Preferred Shares”) during any period for which regular payments of dividends or other distributions on such Preferred Shares are payable (each, a “Dividend Period”) plus expenses attributable to such Preferred Shares for such Dividend Period exceeds the portion of the Fund’s net income and net short-term capital gains (but not long-term capital gains) accruing during such Dividend Period as a result of the fact that such Preferred Shares were outstanding during such Period, then the fee payable to the Manager pursuant to this Section 3 shall be reduced by the amount of such excess; provided, however, that the amount of such reduction for any such Period shall not exceed the amount determined bymultiplyingby multiplying (i) the aggregate liquidation preference of the average number of Preferred Shares outstanding during the Period by (ii) the percentage of the aggregate net asset value of the Fund which the fee payable to the Manager during such Period pursuant to this Section 3 would constitute without giving effect to such reduction. The amount of such reduction attributable to any Dividend Period shall reduce the amount of the next quarterly payment of the fee payable pursuant to this Section 3 following the end of such Dividend Period, and of any subsequent quarterly or more frequent payments, as may be necessary. The expenses attributable to the Preferred Shares and the portion of the Fund’s net income and net short-term capital gains accruing during any Dividend Period as a result of the fact that Preferred Shares were outstanding during such Period shall be determined by the Trustees of the Fund. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale
of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a quarter, the foregoing compensation will be prorated. 4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTSOF THIS CONTRACT. This Contract will automatically terminate, without the payment of any penalty, in the event of its assignment, provided that no delegation of responsibilities by the Manager pursuant to Section 1(f) will be deemed to constitute an assignment. No provision of this Contract may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought. No amendment of this Contract is effective until approved in a manner consistent with the 1940 Act, the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff.
5. EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract is effective upon its execution and will remain in full force and effect as to a Fund continuously thereafter (unless terminated automatically as set forth in Section 4 or terminated in accordance with the following paragraph) through June 30, 2014, and will continue in effect from year to year thereafter so long as its continuance is approved at least annually by (i) the Trustees, or the shareholders by the affirmative vote of a majority of the outstanding shares of the respective Fund, and (ii) a majority of the Trustees who are not interested persons of the Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval. Either party hereto may at any time terminate this Contract as to a Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party. Action with respect to a Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty. 6. CERTAIN DEFINITIONS. For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares” of a Fund means the affirmative vote, at a duly called and held meeting of shareholders of the respective Fund, (a) of the holders of 67% or more of the shares of the Fund present (in person or by proxy) and entitled to vote at the meeting, if the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting are present in person or by proxy or (b) of the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting, whichever is less. For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” have their respective meanings defined in the 1940 Act, subject, however, to the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; the term “approve at least annually” will be construed in a manner consistent with the 1940 Act and the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; and the term “brokerage and research services” has the meaning given in the Securities Exchange Act of 1934 and the rules and regulations under the Securities Exchange Act of 1934 and under any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 7. NON-LIABILITY OF MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager shall not be subject to any liability to the Fund or to any shareholder of theFundthe Fund for any act or omission in the course of, or connected with, rendering services hereunder. 8. LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund. IN WITNESS WHEREOF, [NAME OF FUND] and PUTNAM INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written.
| [NAME OF FUND] | | | | | | | By:___________________________ | |
| | | | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | | | By:___________________________ | |
| |
Schedule A [LIST OF FUNDS]
Schedule B [FEE SCHEDULE: SeeAppendix Dto this proxy statement for each fund’s detailed fee information. The management fee for each fund under the proposed new management contract is identical to that for each fund under the fund’s previous management contract.] For the following funds only: Putnam High Income Securities Fund Putnam Master Intermediate Income Trust Putnam Premier Income Trust FORM OF PROPOSED MANAGEMENT CONTRACT This Management Contract is dated as of February 27, 2014 between [NAME OF FUND], a Massachusetts business trust (the “Fund”), and PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”).
In consideration of the mutual covenants herein contained, it is agreed as follows: 1. SERVICES TO BE RENDERED BY MANAGER TO FUND. (a) The Manager, at its expense, will furnish continuously an investment program for the Fund or, in the case of a Fund that has divided its shares into two or more series under Section 18(f) (2) of the Investment Company Act of 1940, as amended (the “1940 Act”), each series of the Fund identified from time to time onSchedule Ato this Contract (each reference in this Contract to “a Fund” or to “the Fund” is also deemed to be a reference to any existing series of the Fund, as appropriate in the particular context), will determine what investments will be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund will be held uninvested and will, on behalf of the Fund, make changes in such investments. Subject always to the control of the Trustees of the Fund and except for the functions carried out by the officers and personnel referred to in Section 1(d), the Manager will also manage, supervise and conductandconduct the other affairs and business of the Fund and matters incidental thereto. In the performance of its duties, the Manager will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of the Fund and the stated investment objectives, policies and restrictions of the Fund, will use its best efforts to safeguard and promote the welfare of the Fund and to comply with other policies which the Trustees may from time to time determine and will exercise the same care and diligence expected of the Trustees. (b) The Manager, at its expense, except as such expense is paid by the Fund as provided in Section 1(d), will furnish (1) all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully; (2) suitable office space for the Fund; and (3) administrative facilities, including bookkeeping, clerical personnel and equipment necessary for the efficient conduct of the affairs of the Fund, including determination of the net asset value of the Fund, but excluding shareholder accounting services. Except as otherwise provided in Section 1(d), the Manager will pay the compensation, if any, of the officers of the Fund. (c) The Manager, at its expense, will place all orders for the purchase and sale of portfolio investments for the Fund’s account with brokers or dealers selected by the Manager. In the selection of such brokers or dealers and the placing of such orders, the Manager will use its best efforts to obtain for the Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Manager, bearing in mind the Fund’s best interests at all times, will consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and trends, thereputation,the reputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in other transactions. Subject to such policies as the Trustees of the Fund may determine, the Manager will not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused the Fund to pay a broker or dealer that provides brokerage and research services to the Manager an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Manager determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or the Manager’s overall responsibilities with respect to the Fund and to other clients of the Manager as to which the Manager exercises investment discretion. The Manager agrees that in connection
with purchases or sales of portfolio investments for the Fund’s account, neither the Manager nor any officer, director, employee or agent of the Manager shall act as a principal or receive any commission other than as provided in Section 3. (d) The Fund will pay or reimburse the Manager for the compensation in whole or in part of such officers of the Fund and persons assisting them as may be determined from time to time by the Trustees of the Fund. The Fund will also pay or reimburse the Manager for all or part of the cost of suitable office space, utilities, support services and equipment attributable to such officers and persons as may be determined in each case by the Trustees of the Fund. The Fund will pay the fees, if any, of the Trustees of the Fund. (e) The Manager will not be obligated to pay any expenses of or for the Fund not expressly assumed by the Manager pursuant to this Section 1 other than as provided in Section 3. (f) Subject to the prior approval of a majority of the Trustees, including a majority of the Trustees who are not “interested persons” and, to the extent required by the 1940 Act and the rules and regulations under the 1940 Act, subject to any applicable guidance or interpretation of the Securities and Exchange Commission or its staff, by the shareholders of the Fund, the Manager may, from time to time, delegate to a sub-adviser or sub-administrator any of the Manager’s duties under this Contract, including the management of all or a portion of the assets being managed. In all instances, however, the Manager must oversee the provision of delegated services, the Manager must bear the separate costs of employing any sub-adviser or sub-administrator, and no delegation will relieve the Manager of any of its obligations under this Contract. 2. OTHER AGREEMENTS, ETC. It is understood that any of the shareholders, Trustees, officers and employees of the Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the
Manager, and in any person controlled by or under common control with the Manager, and that the Manager and any person controlled by or under common control with the Manager may have an interest in the Fund. It is also understood that the Manager and any person controlled by or under common control with the Manager may have advisory, management, service or other contracts with other organizations and persons and may have other interests and business. 3. COMPENSATION TO BE PAID BY THE FUND TOTHE MANAGER. The Fund will pay to the Manager as compensation for the Manager’s services rendered, for the facilities furnished and for the expenses borne by the Manager pursuant to paragraphs (a), (b), and (c) of Section 1, a fee, based on the Fund’s Average Net Assets, computed and paid quarterly at the annual rates set forth onSchedule Battached to this Contract, as from time to time amended. “Average Net Assets” means the average of the weekly determinations of the difference between the total assets of the Fund (including any assets attributable to leverage for investment purposes) and the total liabilities of the Fund (excluding liabilities incurred in connection with leverage for investment purposes), determined at the close of the last business day of each week, for each week which ends during the quarter. The fee is payable for each quarter within 30 days after the close of the quarter. As used in this Section 3, “leverage for investment purposes” means any incurrence of indebtedness the proceeds of which are to be invested in accordance with the Fund’s investment objective. For purposes of calculating Average Net Assets, liabilities associated with any instruments or transactions used to leverage the Fund’s portfolio for investment purposes (whether or not such instruments or transactions are “covered” within the meaning of the 1940 Act and the rules and regulations thereunder, giving effect to any interpretations of the Securities and Exchange Commission and its staff) are not considered liabilities. For purposes of calculating Average Net Assets, the total assets of the Fund will be deemed to include (a) any proceeds from the sale or transfer of an asset (the “Underlying Asset”) of the Fund to a counterparty in a reverse repurchase or dollar roll transaction and (b) the value of such Underlying Asset as of the relevant measuring date. In the event that, during any period for which payments of interest or fees (whether designated as such or implied) are payable in connection with any indebtedness or other obligation of the Fund incurred for investment purposes (a “Measurement Period”), the amount of interest payments and fees with respect to such indebtedness or other obligation, plus additional expenses attributable to any such leverage for investment purposes for such Measurement Period, exceeds the portion of the Fund’s net income and net short-term capital gains (but not long-term capital gains) accruing during such Measurement Period as a result of the fact that such indebtedness or other obligation was outstanding during the Measurement Period, thenthethen the fee payable to the Manager pursuant to this Section 3 shall be reduced by the amount of such excess; provided, however, that the amount of such reduction for any such Period shall not exceed the amount determined by multiplying (i) the aggregate value of all assets representing leverage for investment purposes by (ii) the percentage of the Average Net Assets of the Fund which the fee payable to the Manager during such Measurement Period pursuant to this Section 3 would constitute without giving effect to such reduction. The amount of such reduction attributable to any Measurement Period shall reduce the amount of the next quarterly payment of the fee payable pursuant to this Section 3 following the end of such Measurement Period, and of any subsequent quarterly or more frequent payments, as may be necessary. The expenses attributable to leverage for investment purposes and the portion of the Fund’s net income and net short-term capital gains accruing during any Measurement Period as a result of the fact that leverage for investment purposes was outstanding
during such Measurement Period shall be determined by the Trustees of the Fund. The fees payable by the Fund to the Manager pursuant to this Section 3 will be reduced by any commissions, fees, brokerage or similar payments received by the Manager or any affiliated person of the Manager in connection with the purchase and sale of portfolio investments of the Fund, less any direct expenses approved by the Trustees incurred by the Manager or any affiliated person of the Manager in connection with obtaining such payments. In the event that expenses of the Fund for any fiscal year exceed the expense limitation on investment company expenses imposed by any statute or regulatory authority of any jurisdiction in which shares of the Fund are qualified for offer or sale, the compensation due the Manager for such fiscal year will be reduced by the amount of excess by a reduction or refund thereof. In the event that the expenses of the Fund exceed any expense limitation which the Manager may, by written notice to the Fund, voluntarily declare to be effective subject to such terms and conditions as the Manager may prescribe in such notice, the compensation due the Manager will be reduced, and if necessary, the Manager will assume expenses of the Fund, to the extent required by the terms and conditions of such expense limitation. If the Manager serves for less than the whole of a quarter, the foregoing compensation will be prorated. 4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTSOF THIS CONTRACT. This Contract will automatically terminate, without the payment of any penalty, in the event of its assignment, provided that no delegation of responsibilities by the Manager pursuant to Section 1(f) will be deemed to constitute an assignment. No provision of this Contract may be changed, waived, discharged or terminated orally, but only by an instrument in writing signed by the party against which enforcement of the change, waiver,
discharge or termination is sought. No amendment of this Contract is effective until approved in a manner consistent with the 1940 Act, the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 5. EFFECTIVE PERIOD AND TERMINATION OF THIS CONTRACT. This Contract is effective upon its execution and will remain in full force and effect as to a Fund continuously thereafter (unless terminated automatically as set forth in Section 4 or terminated in accordance with the following paragraph) through June 30, 2014, and will continue in effect from year to year thereafter so long as its continuance is approved at least annually by (i) the Trustees, or the shareholders by the affirmative vote of a majority of the outstanding shares of the respective Fund, and (ii) a majority of the Trustees who are not interested persons of the Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval. Either party hereto may at any time terminate this Contract as to a Fund by not less than 60 days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party. Action with respect to a Fund may be taken either (i) by vote of a majority of the Trustees or (ii) by the affirmative vote of a majority of the outstanding shares of the respective Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty. 6. CERTAIN DEFINITIONS. For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares” of a Fund means the affirmative vote, at a duly called and held meeting of shareholders of the respective Fund, (a) of the holders of 67% or more of the shares of the Fund present (in person or by proxy) and entitled to vote at the meeting, if the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting are present in person or by proxy or (b) of the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting, whichever is less. For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” have their respective meanings defined in the 1940 Act, subject, however, to the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; the term “approve at least annually” will be construed in a manner consistent with the 1940 Act and the rules and regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; and the term “brokerage and research services” has the meaning given in the Securities Exchange Act of 1934 and the rules and regulations under the Securities Exchange Act of 1934 and under any applicable guidance or interpretation of the Securities and Exchange Commission or its staff. 7. NON-LIABILITY OF MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Manager, or reckless disregard of its obligations and duties hereunder, the Manager shall not be subject to any liability to the Fund or to any shareholder of the Fund for any act or omission in the course of, or connected with, rendering services hereunder. 8. LIMITATION OF LIABILITY OF THE TRUSTEES, OFFICERS, AND SHAREHOLDERS. A copy of the Agreement and Declaration of Trust of the Fund is on file with the Secretary of The Commonwealth of Massachusetts, and notice is hereby given that this instrument is executed on behalf of the Trustees of the Fund as Trustees and not individually and that the obligations of or arising out of this instrument are not binding upon any of the Trustees, officers or shareholders individually but are binding only upon the assets and property of the respective Fund.
IN WITNESS WHEREOF, [NAME OF FUND] and PUTNAM INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed on its behalf by its President or a Vice President thereunto duly authorized, all as of the day and year first above written. | | [NAME OF FUND] | | | By:___________________________ | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | | By:___________________________ | |
| | | | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | By: | |
| |
Schedule A [LIST OF FUNDS]
Schedule B [FEE SCHEDULE: SeeAppendix Dto this proxy statement for each fund’s detailed fee information. The management fee for each fund under the proposed new management contract is identical to that for each fund under the fund’s previous management contract.]
Appendix C — Management Contracts: Dates and Approvals Under the management contract between your fund and Putnam Management, subject to such policies as the Trustees may determine, Putnam Management, at its expense, furnishes continuously an investment program for the fund and makes investments decisions on behalf of the fund. Except for the funds included in the table below, the current management contract for your fund is dated January 10,1, 2010 and was last approved by shareholders on November 19, 2009. At that time, shareholders of the fund voted to approve the current management contract to include fund family breakpoints (under which the fund’s base management fee rate is determined on the basis of the aggregate net assets of all Putnam mutual funds, rather than thefund’sthanthe fund’s net assets). Shareholders of Putnam Europe Equity Fund, Putnam Global Equity Fund, Putnam Growth Opportunities Fund, Putnam International Capital Opportunities Fund, Putnam International Equity Fund and Putnam Voyager Fund, as well as certain funds listed below, also approved the institution of performance fees under the funds’ respective management contracts. The management contract has not been submitted for approval by the shareholders of your fund since that date. The following table contains information regarding the date of each remaining fund’s current management contract, the date on which it was last approved by shareholders and the purpose for that submission. | | | | | | Date Current | | | | Management Contract | | | Date of Current | Last Submitted to | Purpose of Last Submission of Current Management Contract | Fund | Management Contract | Shareholder Vote | to Shareholder Vote |
| Putnam Absolute Return 100 Fund | July 1, 2013 | December 18, 2009 | Fee structure change |
| Putnam Absolute Return 300 Fund | July 1, 2013 | December 18, 2009 | Fee structure change |
| Putnam Absolute Return 500 Fund | July 1, 2013 | December 18, 2009 | Fee structure change |
| Putnam Absolute Return 700 Fund | July 1, 2013 | January 15, 2010 | Fee structure change |
| Putnam Asia Pacific Equity Fund | July 1, 2013 | May 26, 2011 | New performance index to calculate performance fees |
| Putnam Capital Opportunities Fund | September 1, 2010 | November 19, 2009 | Fee structure change |
| Putnam Capital Spectrum Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Dynamic Asset Allocation | July 1, 2013 | November 19, 2009 | Fee structure change | Equity Fund | | | |
| Putnam Dynamic Risk Allocation Fund | July 1, 2013 | September 9, 2011 | Organization of the fund |
| Putnam Emerging Markets Equity Fund | July 1, 2013 | November 19, 2009 | Fee structure change and institution of performance fees |
| Putnam Emerging Markets Income Fund | July 1, 2013 | March 18, 2013 | Organization of the fund |
| Putnam Equity Spectrum Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Floating Rate Income Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Global Consumer Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Global Dividend Fund | July 1, 2013 | March 18, 2013 | Organization of the fund |
| Putnam Global Energy Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Global Financials Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Global Industrials Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Global Sector Fund | July 1, 2013 | December 14, 2009 | Organization of the fund |
| Putnam Global Technology Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam Global Telecommunications Fund | July 1, 2013 | November 19, 2009 | Fee structure change |
| Putnam High Income Securities Fund | August 3, 2007 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam Intermediate-Term Municipal | July 1, 2013 | March 18, 2013 | Organization of the fund | Income Fund | | | |
| Putnam International Value Fund | July 1, 2013 | May 26, 2011 | New performance index to calculate performance fees |
| Putnam Low Volatility Equity Fund | July 1, 2013 | March 18, 2013 | Organization of the fund |
| Putnam Managed Municipal Income Trust | August 3, 2007 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam Master Intermediate Income Trust | August 3, 2007 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam Money Market Liquidity Fund | July 1, 2013 | April 13, 2009 | Organization of the fund |
| Putnam Multi-Cap Core Fund | July 1, 2013 | [May 14, 2010]September 24, 2010 | Organization of the fund |
| Putnam Multi-Cap Growth Fund | February 1, 2010 | January 15, 2010 | Fee structure change and institution of performance fees |
| Putnam Multi-Cap Value Fund | September 1, 2010 | November 19, 2009 | Fee structure change |
| Putnam Municipal Opportunities Trust | August 3, 2007 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam Premier Income Trust | August 3, 2007 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam Research Fund | September 1, 2010 | November 19, 2009 | Fee structure change |
|
| | | | | | Date Current | | | | Management Contract | | | Date of Current | Last Submitted to | Purpose of Last Submission of Current Management Contract | Fund | Management Contract | Shareholder Vote | to Shareholder Vote |
| Putnam RetirementReady 2055 Fund | November 30, 2010 | November 30, 2010 | Organization of fund |
| Putnam RetirementReady 2050 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2045 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2040 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2035 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2030 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2025 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2020 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam RetirementReady 2015 Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | | | | control of Putnam Management |
| Putnam Retirement Income Fund | August 1, 2009 | May 15, 2007 | Approval of new management contract following change of | Lifestyle 1 | | | control of Putnam Management |
| Putnam Retirement Income Fund | July 1, 2013 | June 6, 2011 | Organization of the fund | Lifestyle 2 | | | |
| Putnam Retirement Income Fund | July 1, 2013 | November 19, 2009 | Fee structure change | Lifestyle 3 | | | |
| Putnam Short Duration Income Fund | July 1, 2013 | June 17, 2011 | Organization of the fund |
| Putnam Short Term Investment Fund | July 1, 2013 | November 9, 2012 | Organization of the fund |
| Putnam Short-Term Municipal Income | July 1, 2013 | March 18, 2013 | Organization of the fund | Fund | | | |
| Putnam Small Cap Growth Fund | July 1, 2013 | November 19, 2009 | Fee structure change and institution of performance fees |
| Putnam Small Cap Value Fund | September 10,1, 2010 | November 19, 2009 | Fee structure change |
| Putnam Strategic Volatility Equity Fund | July 1, 2013 | March 18, 2013 | Organization of the fund |
| Putnam VT Absolute Return 500 Fund | February 4, 2011January 1, 2010 | February 4, 2011 | Organization of the fund |
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Appendix D — Management Contracts:Contract Fees and Information About Similar Funds Advised by Putnam Management The following table contains certain information regarding funds for which Putnam Management provides investment advisory services, including the Putnam funds and funds that are not in the Putnam family of mutual funds, and that may have similar investment objective and policies to your fund. Pursuant to the applicable management contract, most of the open-end Putnam funds pay a management fee to Putnam Management according to a rate that is based on the average of the aggregate net assets of all open-end funds sponsored by Putnam Management (excluding fund assets that are invested in other Putnam funds (“Total Open-End Mutual Fund Average Net Assets”), as set forth below. Putnam Global Sector Fund and the Putnam RetirementReady Funds (including Putnam Retirement Income Fund Lifestyle 1) pay no management fee to Putnam Management, but Putnam Management receives management fees from the underlying Putnam funds in which each such fund invests. Each of Putnam Absolute Return 100 Fund, Putnam Absolute Return 300 Fund, Putnam High Income Securities Fund, Putnam Managed Municipal Income Trust, Putnam Master Intermediate Income Trust, Putnam Money Market Liquidity Fund, Putnam Municipal Opportunities Trust, Putnam Premier Income Trust, and Putnam Short Term Investment Fund pay a management fee to Putnam Management according to a rate that is based on the average of the net assets of the fund. The management fee for certain of the Putnam funds is increased or decreased by a performance adjustment as set forth below. | | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM ABSOLUTE RETURN | of Average Net Assets | 0.40% | $493,980 | | 0.15% of average net assets | 100 FUND | Benchmark: BofA Merrill | | | | | | Lynch U.S. Treasury Bill | | | | | | Index (G0BA) | | | | | | Hurdle: | 1.00% | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.04% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.04% | | | |
| PUTNAM ABSOLUTE RETURN | of Average Net Assets | 0.60% | $4,354,861 | | 0.37% of average net assets | 300 FUND | Benchmark: BofA Merrill | | | | | | Lynch U.S. Treasury Bill | | | | | | Index (G0BA) | | | | | | Hurdle: | 3.00% | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.12% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.12% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $276,839,232 | | of Average Net Assets | 0.40% | $493,980 | | Yes | To earn a positive | ABSOLUTE | | | | | (Represents | | | total return that | RETURN 100 FUND | | Benchmark: | BofA Merrill Lynch U.S. | 0.15% of | | | exceeds the rate of | | | | Treasury Bill Index (G0BA) | average net | | | inflation by 1% over | | | | | | assets) | | | a reasonable period | | | | Hurdle: | 1.00% | | | | of time, regardless of | | | | | | | | | market conditions. | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.04% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.04% | | | | |
| PUTNAM | $959,104,124 | | of Average Net Assets | 0.60% | $4,354,861 | | Yes | To earn a positive | ABSOLUTE | | | | | (Represents | | | total return that | RETURN 300 FUND | | Benchmark: | BofA Merrill Lynch U.S. | 0.37% of | | | exceeds the rate of | | | | Treasury Bill Index (G0BA) | average net | | | inflation by 3% over | | | | | | assets) | | | a reasonable period | | | | Hurdle: | 3.00% | | | | of time, regardless of | | | | | | | | | market conditions. | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.12% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.12% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM ABSOLUTE RETURN | First $5 billion | 0.880% | $5,233,405 | | 0.64% of average net assets | 500 FUND | Next $5 billion | 0.830% | | | | | Next $10 billion | 0.780% | | | | | Next $10 billion | 0.730% | | | | | Next $50 billion | 0.680% | | | | | Next $50 billion | 0.660% | | | | | Next $100 billion | 0.650% | | | | | Any excess thereafter | 0.645% | | | | | Benchmark: BofA Merrill | | | | | | Lynch U.S. Treasury Bill | | | | | | Index (G0BA) | | | | | | Hurdle: | 5.00% | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.20% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.20% | | | |
| PUTNAM ABSOLUTE RETURN | First $5 billion | 1.030% | $5,796,253 | | 0.81% of average net assets | 700 FUND | Next $5 billion | 0.980% | | | | | Next $10 billion | 0.930% | | | | | Next $10 billion | 0.880% | | | | | Next $50 billion | 0.830% | | | | | Next $50 billion | 0.810% | | | | | Next $100 billion | 0.800% | | | | | Any excess thereafter | 0.795% | | | | | Benchmark: BofA Merrill | | | | | | Lynch U.S. Treasury Bill | | | | | | Index (G0BA) | | | | | | Hurdle: | 7.00% | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.28% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.28% | | | |
| PUTNAM AMERICAN | First $5 billion | 0.550% | $2,665,472 | | 0.40% of average net assets | GOVERNMENT INCOME FUND | Next $5 billion | 0.500% | | | | | Next $10 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $50 billion | 0.350% | | | | | Next $50 billion | 0.330% | | | | | Next $100 billion | 0.320% | | | | | Any excess thereafter | 0.315% | | | |
| PUTNAM AMT-FREE MUNICIPAL | First $5 billion | 0.590% | $2,217,779 | | 0.44% of average net assets | FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM ARIZONA TAX EXEMPT | First $5 billion | 0.590% | $283,378 | | 0.44% of average net assets | INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $828,585,249 | | First $5 billion of Total | 0.880% | $5,233,405 | | Yes | To earn a positive | ABSOLUTE | | | Open-End Mutual | | (Represents | | | total return that | RETURN 500 FUND | | Fund Average Net | | 0.64% of | | | exceeds the rate of | | | | Assets | | average net | | | inflation by 5% over | | | | Next $5 billion | 0.830% | assets) | | | a reasonable period | | | | Next $10 billion | 0.780% | | | | of time, regardless of | | | | Next $10 billion | 0.730% | | | | market conditions. | | | | Next $50 billion | 0.680% | | | | | | | | Next $50 billion | 0.660% | | | | | | | | Next $100 billion | 0.650% | | | | | | | | Any excess thereafter | 0.645% | | | | | | | | | Benchmark: | BofA Merrill Lynch U.S. | | | | | | | | Treasury Bill Index (G0BA) | | | | | | | | | Hurdle: | 5.00% | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.20% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.20% | | | | |
| PUTNAM | $784,720,210 | | First $5 billion of Total | 1.030% | $5,796,253 | | Yes | To earn a positive | ABSOLUTE | | | Open-End Mutual | | (Represents | | | total return that | RETURN 700 FUND | | Fund Average Net | | 0.81% of | | | exceeds the rate of | | | | Assets | | average net | | | inflation by 7% over | | | | Next $5 billion | 0.980% | assets) | | | a reasonable period | | | | Next $10 billion | 0.930% | | | | of time, regardless of | | | | Next $10 billion | 0.880% | | | | market conditions. | | | | Next $50 billion | 0.830% | | | | | | | | Next $50 billion | 0.810% | | | | | | | | Next $100 billion | 0.800% | | | | | | | | Any excess thereafter | 0.795% | | | | | | | | | Benchmark: | BofA Merrill Lynch U.S. | | | | | | | | Treasury Bill Index (G0BA) | | | | | | | | | Hurdle: | 7.00% | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.28% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.28% | | | | |
| PUTNAM | $577,015,363 | | First $5 billion of Total | 0.550% | $2,665,472 | | Yes | High current income | AMERICAN | | | Open-End Mutual | | (Represents | | | with preservation of | GOVERNMENT | | Fund Average Net | | 0.40% of | | | capital as its secondary | INCOME FUND | | Assets | | average net | | | objective. | | | | Next $5 billion | 0.500% | assets) | | | | | | | Next $10 billion | 0.450% | | | | | | | | Next $10 billion | 0.400% | | | | | | | | Next $50 billion | 0.350% | | | | | | | | Next $50 billion | 0.330% | | | | | | | | Next $100 billion | 0.320% | | | | | | | | Any excess thereafter | 0.315% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM ASIA PACIFIC EQUITY | First $5 billion | 1.080% | $0 | | 0.00% of average net assets | FUND | Next $5 billion | 1.030% | | | | | Next $10 billion | 0.980% | | | | | Next $10 billion | 0.930% | | | | | Next $50 billion | 0.880% | | | | | Next $50 billion | 0.860% | | | | | Next $100 billion | 0.850% | | | | | Any excess thereafter | 0.845% | | | | | Benchmark: MSCI All | | | | | | Country ex-Japan Index | | | | | | (Net Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.21% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.21% | | | |
| PUTNAM CALIFORNIA TAX | First $5 billion | 0.590% | $7,293,763 | | 0.44% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM CAPITAL | First $5 billion | 0.780% | $2,219,656 | | 0.63% of average net assets | OPPORTUNITIES FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM CAPITAL SPECTRUM | First $5 billion | 0.880% | $13,364,984 | | 0.81% of average net assets | FUND | Next $5 billion | 0.830% | | | | | Next $10 billion | 0.780% | | | | | Next $10 billion | 0.730% | | | | | Next $50 billion | 0.680% | | | | | Next $50 billion | 0.660% | | | | | Next $100 billion | 0.650% | | | | | Any excess thereafter | 0.645% | | | | | Benchmark: 50/50 blend | | | | | | (balanced daily) of S&P | | | | | | 500 Index and JP Morgan | | | | | | Developed High Yield | | | | | | Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.32% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.32% | | | |
| PUTNAM CONVERTIBLE | First $5 billion | 0.780% | $4,049,683 | | 0.64% of average net assets | SECURITIES FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM DIVERSIFIED | First $5 billion | 0.700% | $20,008,464 | | 0.55% of average net assets | INCOME TRUST | Next $5 billion | 0.650% | | | | | Next $10 billion | 0.600% | | | | | Next $10 billion | 0.550% | | | | | Next $50 billion | 0.500% | | | | | Next $50 billion | 0.480% | | | | | Next $100 billion | 0.470% | | | | | Any excess thereafter | 0.465% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $429,096,255 | | First $5 billion of Total | 0.590% | $2,217,779 | | Yes | High current income | AMT-FREE | | | Open-End Mutual | | (Represents | | | exempt from federal | MUNICIPAL FUND | | Fund Average Net | | 0.44% of | | | income tax. | | | | Assets | | average net | | | | | | | Next $5 billion | 0.540% | assets) | | | | | | | Next $10 billion | 0.490% | | | | | | | | Next $10 billion | 0.440% | | | | | | | | Next $50 billion | 0.390% | | | | | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM ARIZONA | $63,765,877 | | First $5 billion of Total | 0.590% | $283,378 | | Yes | As high a level of | TAX EXEMPT | | | Open-End Mutual | | (Represents | | | current income exempt | INCOME FUND | | Fund Average Net | | 0.44% of | | | from federal income | | | | Assets | | average net | | | tax and Arizona person | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM ASIA | $9,047,678 | | First $5 billion of Total | 1.080% | $0 | | Yes | Long-term capital | PACIFIC EQUITY | | Open-End Mutual | | (Represents | | | appreciation. | FUND | | | Fund Average Net | | 0.00% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 1.030% | assets) | | | | | | | Next $10 billion | 0.980% | | | | | | | | Next $10 billion | 0.930% | | | | | | | | Next $50 billion | 0.880% | | | | | | | | Next $50 billion | 0.860% | | | | | | | | Next $100 billion | 0.850% | | | | | | | | Any excess thereafter | 0.845% | | | | | | | | | Benchmark: | MSCI All Country | | | | | | | | ex-Japan Index and MSCI All | | | | | | | | Country Asia Pacific Index | | | | | | | | | (Net Dividends)*† | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.21% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.21% | | | | |
| PUTNAM | $1,450,023,315 | | First $5 billion of Total | 0.590% | $7,293,763 | | Yes | As high a level of | CALIFORNIA TAX | | Open-End Mutual | | (Represents | | | current income exempt | EXEMPT INCOME | | Fund Average Net | | 0.44% of | | | from federal income tax | FUND | | | Assets | | average net | | | and California person | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM DYNAMIC ASSET | First $5 billion | 0.680% | $7,021,376 | | 0.53% of average net assets | ALLOCATION BALANCED FUND | Next $5 billion | 0.630% | | | | | Next $10 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $50 billion | 0.480% | | | | | Next $50 billion | 0.460% | | | | | Next $100 billion | 0.450% | | | | | Any excess thereafter | 0.445% | | | |
| PUTNAM DYNAMIC ASSET | First $5 billion | 0.680% | $3,001,267 | | 0.53% of average net assets | ALLOCATION CONSERVATIVE | Next $5 billion | 0.630% | | | | FUND | Next $10 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $50 billion | 0.480% | | | | | Next $50 billion | 0.460% | | | | | Next $100 billion | 0.450% | | | | | Any excess thereafter | 0.445% | | | |
| PUTNAM DYNAMIC ASSET | First $5 billion | 0.750% | $0 | | 0.00% of average net assets | ALLOCATION EQUITY FUND | Next $5 billion | 0.700% | | | | | Next $10 billion | 0.650% | | | | | Next $10 billion | 0.600% | | | | | Next $50 billion | 0.550% | | | | | Next $50 billion | 0.530% | | | | | Next $100 billion | 0.520% | | | | | Any excess thereafter | 0.515% | | | |
| PUTNAM DYNAMIC ASSET | First $5 billion | 0.750% | $9,791,000 | | 0.60% of average net assets | ALLOCATION GROWTH FUND | Next $5 billion | 0.700% | | | | | Next $10 billion | 0.650% | | | | | Next $10 billion | 0.600% | | | | | Next $50 billion | 0.550% | | | | | Next $50 billion | 0.530% | | | | | Next $100 billion | 0.520% | | | | | Any excess thereafter | 0.515% | | | |
| PUTNAM DYNAMIC RISK | First $5 billion | 1.050% | $1,418,724 | | 0.74% of average net assets | ALLOCATION FUND | Next $5 billion | 1.000% | | | | | Next $10 billion | 0.950% | | | | | Next $10 billion | 0.900% | | | | | Next $50 billion | 0.850% | | | | | Next $50 billion | 0.830% | | | | | Next $100 billion | 0.820% | | | | | Any excess thereafter | 0.815% | | | |
| PUTNAM EMERGING MARKETS | First $5 billion | 1.080% | $187,478 | | 0.54% of average net assets | EQUITY FUND | Next $5 billion | 1.030% | | | | | Next $10 billion | 0.980% | | | | | Next $10 billion | 0.930% | | | | | Next $50 billion | 0.880% | | | | | Next $50 billion | 0.860% | | | | | Next $100 billion | 0.850% | | | | | Any excess thereafter | 0.845% | | | | | Benchmark: MSCI | | | | | | Emerging Markets Index | | | | | | (Net Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.21% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.21% | | | |
| PUTNAM EMERGING MARKETS | First $5 billion | 0.880% | $— | | — | INCOME FUND(1) | Next $5 billion | 0.830% | | | | | Next $10 billion | 0.780% | | | | | Next $10 billion | 0.730% | | | | | Next $50 billion | 0.680% | | | | | Next $50 billion | 0.660% | | | | | Next $100 billion | 0.650% | | | | | Any excess thereafter | 0.645% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM CAPITAL | $384,612,337 | | First $5 billion of Total | 0.780% | $2,219,656 | | Yes | Long-term growth of | OPPORTUNITIES | | Open-End Mutual | | (Represents | | | capital. | FUND | | | Fund Average Net | | 0.63% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM CAPITAL | $2,632,636,619 | | First $5 billion of Total | 0.880% | $13,364,984 | | Yes | Total return. | SPECTRUM FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.81% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.830% | assets) | | | | | | | Next $10 billion | 0.780% | | | | | | | | Next $10 billion | 0.730% | | | | | | | | Next $50 billion | 0.680% | | | | | | | | Next $50 billion | 0.660% | | | | | | | | Next $100 billion | 0.650% | | | | | | | | Any excess thereafter | 0.645% | | | | | | | | | Benchmark: | 50/50 blend (balanced | | | | | | | | daily) of S&P 500 Index | | | | | | | | and JP Morgan Developed | | | | | | | | High Yield Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.32% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.32% | | | | |
| PUTNAM | $630,148,238 | | First $5 billion of Total | 0.780% | $4,049,683 | | Yes | With equal emphasis, | CONVERTIBLE | | Open-End Mutual | | (Represents | | | current income and | SECURITIES FUND | | Fund Average Net | | 0.64% of | | | capital appreciation. Its | | | | Assets | | average net | | | secondary objective is | | | | Next $5 billion | 0.730% | assets) | | | conservation of capital. | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM | $4,595,919,051 | | First $5 billion of Total | 0.700% | $20,008,464 | | Yes | As high a level of current | DIVERSIFIED | | Open-End Mutual | | (Represents | | | income as Putnam | INCOME TRUST | | Fund Average Net | | 0.55% of | | | Management believes | | | | Assets | | average net | | | is consistent with | | | | Next $5 billion | 0.650% | assets) | | | preservation of capital. | | | | Next $10 billion | 0.600% | | | | | | | | Next $10 billion | 0.550% | | | | | | | | Next $50 billion | 0.500% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $100 billion | 0.470% | | | | | | | | Any excess thereafter | 0.465% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM EQUITY INCOME FUND | First $5 billion | 0.630% | $17,452,067 | | 0.49% of average net assets | | Next $5 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $10 billion | 0.480% | | | | | Next $50 billion | 0.430% | | | | | Next $50 billion | 0.410% | | | | | Next $100 billion | 0.400% | | | | | Any excess thereafter | 0.395% | | | |
| PUTNAM EQUITY SPECTRUM | First $5 billion | 0.880% | $5,907,335 | | 0.85% of average net assets | FUND | Next $5 billion | 0.830% | | | | | Next $10 billion | 0.780% | | | | | Next $10 billion | 0.730% | | | | | Next $50 billion | 0.680% | | | | | Next $50 billion | 0.660% | | | | | Next $100 billion | 0.650% | | | | | Any excess thereafter | 0.645% | | | | | Benchmark: S&P 500 Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.40% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.40% | | | |
| PUTNAM EUROPE EQUITY FUND | First $5 billion | 0.850% | $1,225,861 | | 0.78% of average net assets | | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | | | Benchmark: MSCI Europe | | | | | | Index (Net Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.15% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.15% | | | |
| PUTNAM FLOATING RATE | First $5 billion | 0.720% | $2,977,382 | | 0.58% of average net assets | INCOME FUND | Next $5 billion | 0.670% | | | | | Next $10 billion | 0.620% | | | | | Next $10 billion | 0.570% | | | | | Next $50 billion | 0.520% | | | | | Next $50 billion | 0.500% | | | | | Next $100 billion | 0.490% | | | | | Any excess thereafter | 0.485% | | | |
| THE GEORGE PUTNAM FUND | First $5 billion | 0.680% | $6,488,744 | | 0.53% of average net assets | OF BOSTON (d/b/a GEORGE | Next $5 billion | 0.630% | | | | PUTNAM BALANCED FUND) | Next $10 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $50 billion | 0.480% | | | | | Next $50 billion | 0.460% | | | | | Next $100 billion | 0.450% | | | | | Any excess thereafter | 0.445% | | | |
| PUTNAM GLOBAL CONSUMER | First $5 billion | 0.780% | $42,723 | | 0.29% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $1,331,128,130 | | First $5 billion of Total | 0.680% | $7,021,376 | | Yes | Total return. | DYNAMIC ASSET | | Open-End Mutual | | (Represents | | | | ALLOCATION | | Fund Average Net | | 0.53% of | | | | BALANCED FUND | | Assets | | average net | | | | | | | Next $5 billion | 0.630% | assets) | | | | | | | Next $10 billion | 0.580% | | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $50 billion | 0.460% | | | | | | | | Next $100 billion | 0.450% | | | | | | | | Any excess thereafter | 0.445% | | | | |
| PUTNAM | $544,825,669 | | First $5 billion of Total | 0.680% | $3,001,267 | | Yes | Total return consistent | DYNAMIC ASSET | | Open-End Mutual | | (Represents | | | with preservation of | ALLOCATION | | Fund Average Net | | 0.53% of | | | capital. | CONSERVATIVE | | Assets | | average net | | | | FUND | | | Next $5 billion | 0.630% | assets) | | | | | | | Next $10 billion | 0.580% | | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $50 billion | 0.460% | | | | | | | | Next $100 billion | 0.450% | | | | | | | | Any excess thereafter | 0.445% | | | | |
| PUTNAM | $25,026,151 | | First $5 billion of Total | 0.750% | $0 | | Yes | Long-term growth. | DYNAMIC ASSET | | Open-End Mutual | | (Represents | | | | ALLOCATION | | Fund Average Net | | 0.00% of | | | | EQUITY FUND | | Assets | | average net | | | | | | | Next $5 billion | 0.700% | assets) | | | | | | | Next $10 billion | 0.650% | | | | | | | | Next $10 billion | 0.600% | | | | | | | | Next $50 billion | 0.550% | | | | | | | | Next $50 billion | 0.530% | | | | | | | | Next $100 billion | 0.520% | | | | | | | | Any excess thereafter | 0.515% | | | | |
| PUTNAM | $1,671,640,573 | | First $5 billion of Total | 0.750% | $9,791,000 | | Yes | Capital appreciation. | DYNAMIC ASSET | | Open-End Mutual | | (Represents | | | | ALLOCATION | | Fund Average Net | | 0.60% of | | | | GROWTH FUND | | Assets | | average net | | | | | | | Next $5 billion | 0.700% | assets) | | | | | | | Next $10 billion | 0.650% | | | | | | | | Next $10 billion | 0.600% | | | | | | | | Next $50 billion | 0.550% | | | | | | | | Next $50 billion | 0.530% | | | | | | | | Next $100 billion | 0.520% | | | | | | | | Any excess thereafter | 0.515% | | | | |
| PUTNAM DYNAMIC | $248,897,395 | | First $5 billion of Total | 1.050% | $1,418,724 | | Yes | Total return. | RISK ALLOCATION | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.74% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 1.000% | assets) | | | | | | | Next $10 billion | 0.950% | | | | | | | | Next $10 billion | 0.900% | | | | | | | | Next $50 billion | 0.850% | | | | | | | | Next $50 billion | 0.830% | | | | | | | | Next $100 billion | 0.820% | | | | | | | | Any excess thereafter | 0.815% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM GLOBAL DIVIDEND | First $5 billion | 0.850% | $— | | — | FUND(2) | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | | | Benchmark: MSCI World | | | | | | Index (Net Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.15% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.15% | | | |
| PUTNAM GLOBAL | First $5 billion | 0.780% | $76,398 | | 0.40% of average net assets | ENERGY FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM GLOBAL EQUITY FUND | First $5 billion | 0.850% | $5,496,467 | | 0.71% of average net assets | | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | | | Benchmark: MSCI World | | | | | | Index (Net Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.15% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.15% | | | |
| PUTNAM GLOBAL FINANCIALS | First $5 billion | 0.780% | $38,961 | | 0.26% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM GLOBAL HEALTH CARE | First $5 billion | 0.780% | $6,970,314 | | 0.63% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM GLOBAL INCOME | First $5 billion | 0.700% | $1,999,189 | | 0.56% of average net assets | TRUST | Next $5 billion | 0.650% | | | | | Next $10 billion | 0.600% | | | | | Next $10 billion | 0.550% | | | | | Next $50 billion | 0.500% | | | | | Next $50 billion | 0.480% | | | | | Next $100 billion | 0.470% | | | | | Any excess thereafter | 0.465% | | | |
| PUTNAM GLOBAL INDUSTRIALS | First $5 billion | 0.780% | $16,277 | | 0.13% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $34,205,915 | | First $5 billion of Total | 1.080% | $187,478 | | Yes | Long-term capital | EMERGING | | Open-End Mutual | | (Represents | | | appreciation. | MARKETS EQUITY | | Fund Average Net | | 0.54% of | | | | FUND | | Assets | | average net | | | | | | | Next $5 billion | 1.030% | assets) | | | | | | | Next $10 billion | 0.980% | | | | | | | | Next $10 billion | 0.930% | | | | | | | | Next $50 billion | 0.880% | | | | | | | | Next $50 billion | 0.860% | | | | | | | | Next $100 billion | 0.850% | | | | | | | | Any excess thereafter | 0.845% | | | | | | | | | Benchmark: | MSCI Emerging Markets | | | | | | | | Index (Net Dividends)* | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.21% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.21% | | | | |
| PUTNAM | $10,302,550(3) | | First $5 billion of Total | 0.880% | $—(2) | | Yes | High current income. | EMERGING | | | Open-End Mutual | | | | | Capital growth is | MARKETS INCOME | | Fund Average Net | | | | | a secondary goal | FUND | | | Assets | | | | | when consistent with | | | | Next $5 billion | 0.830% | | | | achieving high current | | | | Next $10 billion | 0.780% | | | | income. | | | | Next $10 billion | 0.730% | | | | | | | | Next $50 billion | 0.680% | | | | | | | | Next $50 billion | 0.660% | | | | | | | | Next $100 billion | 0.650% | | | | | | | | Any excess thereafter | 0.645% | | | | |
| PUTNAM EQUITY | $3,784,636,714 | | First $5 billion of Total | 0.630% | $17,452,067 | | Yes | Capital growth and | INCOME FUND | | Open-End Mutual | | (Represents | | | current income. | | | | Fund Average Net | | 0.49% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.580% | assets) | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $10 billion | 0.480% | | | | | | | | Next $50 billion | 0.430% | | | | | | | | Next $50 billion | 0.410% | | | | | | | | Next $100 billion | 0.400% | | | | | | | | Any excess thereafter | 0.395% | | | | |
| PUTNAM EQUITY | $1,104,110,144 | | First $5 billion of Total | 0.880% | $5,907,335 | | Yes | Total Return. | SPECTRUM FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.85% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.830% | assets) | | | | | | | Next $10 billion | 0.780% | | | | | | | | Next $10 billion | 0.730% | | | | | | | | Next $50 billion | 0.680% | | | | | | | | Next $50 billion | 0.660% | | | | | | | | Next $100 billion | 0.650% | | | | | | | | Any excess thereafter | 0.645% | | | | | | | | | Benchmark: | S&P 500 Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.40% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.40% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM GLOBAL NATURAL | First $5 billion | 0.780% | $1,959,049 | | 0.63% of average net assets | RESOURCES FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM GLOBAL SECTOR | N/A | N/A | N/A | | N/A | FUND | | | | | |
| PUTNAM GLOBAL TECHNOLOGY | First $5 billion | 0.780% | $17,533 | | 0.15% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM GLOBAL | First $5 billion | 0.780% | $51,642 | | 0.32% of average net assets | TELECOMMUNICATIONS FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM GLOBAL UTILITIES | First $5 billion | 0.780% | $1,327,033 | | 0.63% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| THE PUTNAM FUND FOR | First $5 billion | 0.630% | $21,457,542 | | 0.49% of average net assets | GROWTH AND INCOME | Next $5 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $10 billion | 0.480% | | | | | Next $50 billion | 0.430% | | | | | Next $50 billion | 0.410% | | | | | Next $100 billion | 0.400% | | | | | Any excess thereafter | 0.395% | | | |
| PUTNAM GROWTH | First $5 billion | 0.710% | $1,825,919 | | 0.51% of average net assets | OPPORTUNITIES FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | | | Benchmark: Russell 1000 | | | | | | Growth Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.12% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.12% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM EUROPE | $161,424,766 | | First $5 billion of Total | 0.850% | $1,225,861 | | Yes | Capital appreciation. | EQUITY FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.78% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | | | | | | Benchmark: | MSCI Europe Index | | | | | | | | | (Net Dividends)* | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.15% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.15% | | | | |
| PUTNAM | $670,174,155 | | First $5 billion of Total | 0.720% | $2,977,382 | | Yes | High current income. | FLOATING RATE | | Open-End Mutual | | (Represents | | | Preservation of capital is | INCOME FUND | | Fund Average Net | | 0.58% of | | | a secondary goal. | | | | Assets | | average net | | | | | | | Next $5 billion | 0.670% | assets) | | | | | | | Next $10 billion | 0.620% | | | | | | | | Next $10 billion | 0.570% | | | | | | | | Next $50 billion | 0.520% | | | | | | | | Next $50 billion | 0.500% | | | | | | | | Next $100 billion | 0.490% | | | | | | | | Any excess thereafter | 0.485% | | | | |
| THE PUTNAM | $4,442,530,367 | | First $5 billion of Total | 0.630% | $21,457,542 | | Yes | Capital growth and | FUND FOR | | | Open-End Mutual | | (Represents | | | current income. | GROWTH AND | | Fund Average Net | | 0.49% of | | | | INCOME | | | Assets | | average net | | | | | | | Next $5 billion | 0.580% | assets) | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $10 billion | 0.480% | | | | | | | | Next $50 billion | 0.430% | | | | | | | | Next $50 billion | 0.410% | | | | | | | | Next $100 billion | 0.400% | | | | | | | | Any excess thereafter | 0.395% | | | | |
| THE GEORGE | $1,263,010,053 | | First $5 billion of Total | 0.680% | $6,488,744 | | Yes | Capital growth and | PUTNAM FUND OF | | Open-End Mutual | | (Represents | | | current income. | BOSTON (d/b/a | | Fund Average Net | | 0.53% of | | | | GEORGE PUTNAM | | Assets | | average net | | | | BALANCED FUND) | | Next $5 billion | 0.630% | assets) | | | | | | | Next $10 billion | 0.580% | | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $50 billion | 0.460% | | | | | | | | Next $100 billion | 0.450% | | | | | | | | Any excess thereafter | 0.445% | | | | |
| PUTNAM GLOBAL | $18,922,710 | | First $5 billion of Total | 0.780% | $42,723 | | Yes | Capital appreciation. | CONSUMER FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.29% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM HIGH INCOME | First $500 million | 0.700% | $1,039,414 | | 0.70% of average net assets | SECURITIES FUND | Next $500 million | 0.600% | | | | | Next $500 million | 0.550% | | | | | Next $5 billion | 0.500% | | | | | Next $5 billion | 0.475% | | | | | Next $5 billion | 0.455% | | | | | Next $5 billion | 0.440% | | | | | Next $5 billion | 0.430% | | | | | Next $5 billion | 0.420% | | | | | Next $5 billion | 0.410% | | | | | Next $5 billion | 0.400% | | | | | Next $5 billion | 0.390% | | | | | Next $8.5 billion | 0.380% | | | | | Any excess thereafter | 0.370% | | | |
| PUTNAM HIGH YIELD | First $5 billion | 0.720% | $5,206,491 | | 0.58% of average net assets | ADVANTAGE FUND | Next $5 billion | 0.670% | | | | | Next $10 billion | 0.620% | | | | | Next $10 billion | 0.570% | | | | | Next $50 billion | 0.520% | | | | | Next $50 billion | 0.500% | | | | | Next $100 billion | 0.490% | | | | | Any excess thereafter | 0.485% | | | |
| PUTNAM HIGH YIELD TRUST | First $5 billion | 0.720% | $8,476,385 | | 0.57% of average net assets | | Next $5 billion | 0.670% | | | | | Next $10 billion | 0.620% | | | | | Next $10 billion | 0.570% | | | | | Next $50 billion | 0.520% | | | | | Next $50 billion | 0.500% | | | | | Next $100 billion | 0.490% | | | | | Any excess thereafter | 0.485% | | | |
| PUTNAM INCOME FUND | First $5 billion | 0.550% | $5,608,363 | | 0.41% of average net assets | | Next $5 billion | 0.500% | | | | | Next $10 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $50 billion | 0.350% | | | | | Next $50 billion | 0.330% | | | | | Next $100 billion | 0.320% | | | | | Any excess thereafter | 0.315% | | | |
| PUTNAM INTERMEDIATE-TERM | First $5 billion | 0.590% | $— | | — | MUNICIPAL INCOME FUND(3) | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM INTERNATIONAL | First $5 billion | 1.080% | $7,166,274 | | 0.84% of average net assets | CAPITAL OPPORTUNITIES FUND | Next $5 billion | 1.030% | | | | | Next $10 billion | 0.980% | | | | | Next $10 billion | 0.930% | | | | | Next $50 billion | 0.880% | | | | | Next $50 billion | 0.860% | | | | | Next $100 billion | 0.850% | | | | | Any excess thereafter | 0.845% | | | | | Benchmark: S&P | | | | | | Developed/Ex-U.S. | | | | | | SmallCap Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.21% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.21% | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM GLOBAL | $6,139,934(3) | | First $5 billion of Total | 0.850% | $—(2) | | Yes | Capital growth and | DIVIDEND FUND | | Open-End Mutual | | | | | current income. | | | | Fund Average Net | | | | | | | | | Assets | | | | | | | | | Next $5 billion | 0.800% | | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | | | | | | Benchmark: | MSCI World Index | | | | | | | | | (Net Dividends)* | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.15% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.15% | | | | |
| PUTNAM GLOBAL | $21,342,356 | | First $5 billion of Total | 0.780% | $76,398 | | Yes | Capital appreciation. | ENERGY FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.40% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM GLOBAL | $761,325,421 | | First $5 billion of Total | 0.850% | $5,496,467 | | Yes | Capital Appreciation. | EQUITY FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.71% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | | | | | | Benchmark: | MSCI World Index | | | | | | | | | (Net Dividends)* | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.15% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.15% | | | | |
| PUTNAM GLOBAL | $17,800,608 | | First $5 billion of Total | 0.780% | $38,961 | | Yes | Capital appreciation. | FINANCIALS FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.26% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM INTERNATIONAL | First $5 billion | 0.850% | $7,100,664 | | 0.72% of average net assets | EQUITY FUND | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | | | Benchmark: MSCI EAFE | | | | | | Index (Net Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.15% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.15% | | | |
| PUTNAM INTERNATIONAL | First $5 billion | 1.080% | $3,022,995 | | 0.89% of average net assets | GROWTH FUND | Next $5 billion | 1.030% | | | | | Next $10 billion | 0.980% | | | | | Next $10 billion | 0.930% | | | | | Next $50 billion | 0.880% | | | | | Next $50 billion | 0.860% | | | | | Next $100 billion | 0.850% | | | | | Any excess thereafter | 0.845% | | | | | Benchmark: MSCI EAFE | | | | | | Growth Index (Net | | | | | | Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.21% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.21% | | | |
| PUTNAM INTERNATIONAL | First $5 billion | 0.850% | $1,437,355 | | 0.71% of average net assets | VALUE FUND | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | | | Benchmark: MSCI | | | | | | EAFE Value Index (Net | | | | | | Dividends)* | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.15% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.15% | | | |
| PUTNAM INVESTORS FUND | First $5 billion | 0.710% | $7,966,034 | | 0.56% of average net assets | | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM LOW VOLATILITY | First $5 billion | 0.780% | $0 | | 0.00% of average net assets | EQUITY FUND(4) | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM MANAGED MUNICIPAL | First $500 million | 0.650% | $3,149,331 | | 0.70% of average net assets | INCOME TRUST | Next $500 million | 0.550% | | | | | Next $500 million | 0.500% | | | | | Next $5 billion | 0.450% | | | | | Next $5 billion | 0.425% | | | | | Next $5 billion | 0.405% | | | | | Next $5 billion | 0.390% | | | | | Any excess thereafter | 0.380% | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM GLOBAL | $1,197,089,834 | | First $5 billion of Total | 0.780% | $6,970,314 | | Yes | Capital Appreciation. | HEALTH CARE | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.63% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM GLOBAL | $363,153,058 | | First $5 billion of Total | 0.700% | $1,999,189 | | Yes | High current income. | INCOME TRUST | | Open-End Mutual | | (Represents | | | Preservation of capital | | | | Fund Average Net | | 0.56% of | | | and long-term total | | | | Assets | | average net | | | return are secondary | | | | Next $5 billion | 0.650% | assets) | | | objectives, but only to | | | | Next $10 billion | 0.600% | | | | the extent consistent | | | | Next $10 billion | 0.550% | | | | with the objective of | | | | Next $50 billion | 0.500% | | | | seeking high current | | | | Next $50 billion | 0.480% | | | | income. | | | | Next $100 billion | 0.470% | | | | | | | | Any excess thereafter | 0.465% | | | | |
| PUTNAM GLOBAL | $18,151,538 | | First $5 billion of Total | 0.780% | $16,277 | | Yes | Capital appreciation. | INDUSTRIALS | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.13% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM GLOBAL | $313,033,087 | | First $5 billion of Total | 0.780% | $1,959,049 | | Yes | Capital Appreciation. | NATURAL | | | Open-End Mutual | | (Represents | | | | RESOURCES FUND | | Fund Average Net | | 0.63% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM GLOBAL | $2,682,759 | | N/A | N/A | N/A | | Yes | Capital appreciation. | SECTOR FUND | | | | | | | |
| PUTNAM GLOBAL | $12,569,313 | | First $5 billion of Total | 0.780% | $17,533 | | Yes | Capital appreciation. | TECHNOLOGY | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.15% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM GLOBAL | $19,913,012 | | First $5 billion of Total | 0.780% | $51,643 | | Yes | Capital appreciation. | TELECOMMUNI- | | Open-End Mutual | | (Represents | | | | CATIONS FUND | | Fund Average Net | | 0.32% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | �� | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
|
| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM MASSACHUSETTS TAX | First $5 billion | 0.590% | $1,868,568 | | 0.44% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM MASTER | First $500 million | 0.750% | $2,723,636 | | 0.75% of average net assets | INTERMEDIATE INCOME TRUST | Next $500 million | 0.650% | | | | | Next $500 million | 0.600% | | | | | Next $5 billion | 0.550% | | | | | Next $5 billion | 0.525% | | | | | Next $5 billion | 0.505% | | | | | Next $5 billion | 0.490% | | | | | Next $5 billion | 0.480% | | | | | Next $5 billion | 0.470% | | | | | Next $5 billion | 0.460% | | | | | Next $5 billion | 0.450% | | | | | Next $5 billion | 0.440% | | | | | Next $8.5 billion | 0.430% | | | | | Any excess thereafter | 0.420% | | | |
| PUTNAM MICHIGAN TAX | First $5 billion | 0.590% | $362,014 | | 0.44% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM MINNESOTA TAX | First $5 billion | 0.590% | $532,651 | | 0.44% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM MONEY MARKET FUND | First $5 billion | 0.440% | $0 | | 0.00% of average net assets | | Next $5 billion | 0.390% | | | | | Next $10 billion | 0.340% | | | | | Next $10 billion | 0.290% | | | | | Next $50 billion | 0.240% | | | | | Next $50 billion | 0.220% | | | | | Next $100 billion | 0.210% | | | | | Any excess thereafter | 0.205% | | | |
| PUTNAM MONEY MARKET | of Average net assets | 0.25% | $0 | | 0.00% of average net assets | LIQUIDITY FUND | | | | | |
| PUTNAM MULTI-CAP CORE | First $5 billion | 0.710% | $8,719 | | 0.08% of average net assets | FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM GLOBAL | $203,809,852 | | First $5 billion of Total | 0.780% | $1,327,033 | | Yes | Capital growth and | UTILITIES FUND | | Open-End Mutual | | (Represents | | | current income. | | | | Fund Average Net | | 0.63% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM GROWTH | $393,031,498 | | First $5 billion of Total | 0.710% | $1,825,919 | | Yes | Capital appreciation. | OPPORTUNITIES | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.51% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | | | | | | Benchmark: | Russell 1000 | | | | | | | | | Growth Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.12% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.12% | | | | |
| PUTNAM | $145,549,092 | | First $500 million | 0.700% | $1,039,414 | | No | High current income. | HIGH INCOME | | Next $500 million | 0.600% | (Represents | | | Secondary objective is | SECURITIES FUND | | Next $500 million | 0.550% | 0.70% of | | | capital appreciation. | | | | Next $5 billion | 0.500% | average net | | | | | | | Next $5 billion | 0.475% | assets) | | | | | | | Next $5 billion | 0.455% | | | | | | | | Next $5 billion | 0.440% | | | | | | | | Next $5 billion | 0.430% | | | | | | | | Next $5 billion | 0.420% | | | | | | | | Next $5 billion | 0.410% | | | | | | | | Next $5 billion | 0.400% | | | | | | | | Next $5 billion | 0.390% | | | | | | | | Next $8.5 billion | 0.380% | | | | | | | | Any excess thereafter | 0.370% | | | | |
| PUTNAM | $966,211,080 | | First $5 billion of Total | 0.720% | $5,206,491 | | Yes | High current income. | HIGH YIELD | | Open-End Mutual | | (Represents | | | Capital growth is | ADVANTAGE | | Fund Average Net | | 0.58% of | | | a secondary goal | FUND | | | Assets | | average net | | | when consistent with | | | | Next $5 billion | 0.670% | assets) | | | achieving high current | | | | Next $10 billion | 0.620% | | | | income. | | | | Next $10 billion | 0.570% | | | | | | | | Next $50 billion | 0.520% | | | | | | | | Next $50 billion | 0.500% | | | | | | | | Next $100 billion | 0.490% | | | | | | | | Any excess thereafter | 0.485% | | | | |
|
| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM MULTI-CAP GROWTH | First $5 billion | 0.710% | $16,342,403 | | 0.50% of average net assets | FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | | | Benchmark: Russell 3000 | | | | | | Growth Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.12% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.12% | | | |
| PUTNAM MULTI-CAP VALUE | First $5 billion | 0.710% | $2,138,018 | | 0.56% of average net assets | FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM MUNICIPAL | First $500 million | 0.650% | $4,118,860 | | 0.72% of average net assets | OPPORTUNITIES TRUST | Next $500 million | 0.550% | | | | | Next $500 million | 0.500% | | | | | Next $5 billion | 0.450% | | | | | Next $5 billion | 0.425% | | | | | Next $5 billion | 0.405% | | | | | Next $5 billion | 0.390% | | | | | Any excess thereafter | 0.380% | | | |
| PUTNAM NEW JERSEY TAX | First $5 billion | 0.590% | $1,277,096 | | 0.44% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM NEW YORK TAX | First $5 billion | 0.590% | $5,479,662 | | 0.45% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM OHIO TAX EXEMPT | First $5 billion | 0.590% | $720,433 | | 0.44% of average net assets | INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
| PUTNAM PENNSYLVANIA TAX | First $5 billion | 0.590% | $1,105,281 | | 0.44% of average net assets | EXEMPT INCOME FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM HIGH | $1,345,593,597 | | First $5 billion of Total | 0.720% | $8,476,385 | | Yes | High current income. | YIELD TRUST | | Open-End Mutual | | (Represents | | | Capital growth is | | | | Fund Average Net | | 0.57% of | | | a secondary goal | | | | Assets | | average net | | | when consistent with | | | | Next $5 billion | 0.670% | assets) | | | achieving high current | | | | Next $10 billion | 0.620% | | | | income. | | | | Next $10 billion | 0.570% | | | | | | | | Next $50 billion | 0.520% | | | | | | | | Next $50 billion | 0.500% | | | | | | | | Next $100 billion | 0.490% | | | | | | | | Any excess thereafter | 0.485% | | | | |
| PUTNAM INCOME | $1,436,436,630 | | First $5 billion of Total | 0.550% | $5,608,363 | | Yes | High current income | FUND | | | Open-End Mutual | | (Represents | | | consistent with what | �� | | | Fund Average Net | | 0.41% of | | | Putnam Investment | | | | Assets | | average net | | | Management, LLC | | | | Next $5 billion | 0.500% | assets) | | | believes to be prudent | | | | Next $10 billion | 0.450% | | | | risk. | | | | Next $10 billion | 0.400% | | | | | | | | Next $50 billion | 0.350% | | | | | | | | Next $50 billion | 0.330% | | | | | | | | Next $100 billion | 0.320% | | | | | | | | Any excess thereafter | 0.315% | | | | |
| PUTNAM | $10,364,955(3) | | First $5 billion of Total | 0.590% | $—(2) | | Yes | As high a level of | INTERMEDIATE- | | Open-End Mutual | | | | | current income exempt | TERM MUNICIPAL | | Fund Average Net | | | | | from federal income tax | INCOME FUND | | Assets | | | | | as Putnam Management | | | | Next $5 billion | 0.540% | | | | believes is consistent | | | | Next $10 billion | 0.490% | | | | with preservation | | | | Next $10 billion | 0.440% | | | | of capital. | | | | Next $50 billion | 0.390% | | | | | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM | $803,002,155 | | First $5 billion of Total | 1.080% | $7,166,274 | | Yes | Long-term capital | INTERNATIONAL | | Open-End Mutual | | (Represents | | | appreciation. | CAPITAL | | | Fund Average Net | | 0.84% of | | | | OPPORTUNITIES | | Assets | | average net | | | | FUND | | | Next $5 billion | 1.030% | assets) | | | | | | | Next $10 billion | 0.980% | | | | | | | | Next $10 billion | 0.930% | | | | | | | | Next $50 billion | 0.880% | | | | | | | | Next $50 billion | 0.860% | | | | | | | | Next $100 billion | 0.850% | | | | | | | | Any excess thereafter | 0.845% | | | | | | | | | Benchmark: | S&P Developed Ex-U.S. | | | | | | | | SmallCap Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.21% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.21% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM PREMIER INCOME | First $500 million | 0.750% | $5,947,565 | | 0.71% of average net assets | TRUST | Next $500 million | 0.650% | | | | | Next $500 million | 0.600% | | | | | Next $5 billion | 0.550% | | | | | Next $5 billion | 0.525% | | | | | Next $5 billion | 0.505% | | | | | Next $5 billion | 0.490% | | | | | Next $5 billion | 0.480% | | | | | Next $5 billion | 0.470% | | | | | Next $5 billion | 0.460% | | | | | Next $5 billion | 0.450% | | | | | Next $5 billion | 0.440% | | | | | Next $8.5 billion | 0.430% | | | | | Any excess thereafter | 0.420% | | | |
| PUTNAM RESEARCH FUND | First $5 billion | 0.710% | $1,251,275 | | 0.56% of average net assets | | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2055 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2050 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2045 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2040 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2035 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2030 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2025 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2020 FUND | | | | | |
| PUTNAM RETIREMENTREADY | N/A | N/A | N/A | | N/A | 2015 FUND | | | | | |
| PUTNAM RETIREMENT INCOME | N/A | N/A | N/A | | N/A | FUND LIFESTYLE 1 | | | | | |
| PUTNAM RETIREMENT INCOME | First $5 billion | 0.680% | $0 | | 0.00% of average net assets | FUND LIFESTYLE 2 | Next $5 billion | 0.630% | | | | | Next $10 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $50 billion | 0.480% | | | | | Next $50 billion | 0.460% | | | | | Next $100 billion | 0.450% | | | | | Any excess thereafter | 0.445% | | | |
| PUTNAM RETIREMENT INCOME | First $5 billion | 0.680% | $0 | | 0.00% of average net assets | FUND LIFESTYLE 3 | Next $5 billion | 0.630% | | | | | Next $10 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $50 billion | 0.480% | | | | | Next $50 billion | 0.460% | | | | | Next $100 billion | 0.450% | | | | | Any excess thereafter | 0.445% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $962,771,808 | | First $5 billion of Total | 0.850% | $7,100,664 | | Yes | Capital appreciation. | INTERNATIONAL | | Open-End Mutual | | (Represents | | | | EQUITY FUND | | Fund Average Net | | 0.72% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | | | | | | Benchmark: | MSCI EAFE Index | | | | | | | | | (Net Dividends)* | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.15% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.15% | | | | |
| PUTNAM | $351,591,716 | | First $5 billion of Total | 1.080% | $3,022,995 | | Yes | Long-term capital | INTERNATIONAL | | Open-End Mutual | | (Represents | | | appreciation. | GROWTH FUND | | Fund Average Net | | 0.89% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 1.030% | assets) | | | | | | | Next $10 billion | 0.980% | | | | | | | | Next $10 billion | 0.930% | | | | | | | | Next $50 billion | 0.880% | | | | | | | | Next $50 billion | 0.860% | | | | | | | | Next $100 billion | 0.850% | | | | | | | | Any excess thereafter | 0.845% | | | | | | | | | Benchmark: | MSCI EAFE Growth Index | | | | | | | | | (Net Dividends)* | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.21% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.21% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM SHORT DURATION | First $5 billion | 0.500% | $1,293,633 | | 0.21% of average net assets | INCOME FUND | Next $5 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $10 billion | 0.350% | | | | | Next $50 billion | 0.300% | | | | | Next $50 billion | 0.280% | | | | | Next $100 billion | 0.270% | | | | | Any excess thereafter | 0.265% | | | |
| PUTNAM SHORT TERM | of Average net assets | 0.25% | $0 | | 0.00% of average net assets | INVESTMENT FUND(5) | | | | | |
| PUTNAM SHORT-TERM | First $5 billion | 0.500% | $— | | — | MUNICIPAL INCOME FUND(6) | Next $5 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $10 billion | 0.350% | | | | | Next $50 billion | 0.300% | | | | | Next $50 billion | 0.280% | | | | | Next $100 billion | 0.270% | | | | | Any excess thereafter | 0.265% | | | |
| PUTNAM SMALL CAP GROWTH | First $5 billion | 0.780% | $710,052 | | 0.60% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | | | Benchmark: Russell 2000 | | | | | | Growth Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.18% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.18% | | | |
| PUTNAM SMALL CAP VALUE | First $5 billion | 0.780% | $1,004,942 | | 0.64% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM STRATEGIC | First $5 billion | 0.880% | $0 | | 0.00% of average net assets | VOLATILITY EQUITY FUND(7) | Next $5 billion | 0.830% | | | | | Next $10 billion | 0.780% | | | | | Next $10 billion | 0.730% | | | | | Next $50 billion | 0.680% | | | | | Next $50 billion | 0.660% | | | | | Next $100 billion | 0.650% | | | | | Any excess thereafter | 0.645% | | | | | Benchmark: S&P 500 Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.40% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.40% | | | |
| PUTNAM TAX EXEMPT INCOME | First $5 billion | 0.590% | $5,249,245 | | 0.44% of average net assets | FUND | Next $5 billion | 0.540% | | | | | Next $10 billion | 0.490% | | | | | Next $10 billion | 0.440% | | | | | Next $50 billion | 0.390% | | | | | Next $50 billion | 0.370% | | | | | Next $100 billion | 0.360% | | | | | Any excess thereafter | 0.355% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $200,940,112 | | First $5 billion of Total | 0.850% | $1,437,355 | | Yes | Capital growth. Current | INTERNATIONAL | | Open-End Mutual | | (Represents | | | income is a secondary | VALUE FUND | | Fund Average Net | | 0.71% of | | | objective. | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | | | | | | Benchmark: | MSCI EAFE Value Index | | | | | | | | and S&P Developed Ex-U.S. | | | | | | | | LargeMidCap Value Index | | | | | | | | (Net Dividends)* †† | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.15% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.15% | | | | |
| PUTNAM | $1,537,732,567 | | First $5 billion of Total | 0.710% | $7,966,034 | | Yes | Long-term growth | INVESTORS FUND | | Open-End Mutual | | (Represents | | | of capital and any | | | | Fund Average Net | | 0.56% of | | | increased income that | | | | Assets | | average net | | | results from this growth. | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM LOW | $29,929,699 | | First $5 billion of Total | 0.780% | $0 | | Yes | Total return comparable | VOLATILITY | | | Open-End Mutual | | (Represents | | | to that of the U.S equity | EQUITY FUND | | Fund Average Net | | 0.00% of | | | markets, but with lower | | | | Assets | | average net | | | volatility, over a market | | | | Next $5 billion | 0.730% | assets) | | | cycle. | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM | $466,728,330 | | The lesser of | | $3,149,331 | | No | High current income | MANAGED | | | (i) 0.55%, or | | (Represents | | | free from federal | MUNICIPAL | | (ii) the following rates: | | 0.70% of | | | income tax. | INCOME TRUST | | First $500 million | 0.650% | averagenet | | | | | | | Next $500 million | 0.550% | assets)# | | | | | | | Next $500 million | 0.500% | | | | | | | | Next $5 billion | 0.450% | | | | | | | | Next $5 billion | 0.425% | | | | | | | | Next $5 billion | 0.405% | | | | | | | | Next $5 billion | 0.390% | | | | | | | | Any excess thereafter | 0.380% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM TAX EXEMPT MONEY | First $5 billion | 0.440% | $0 | | 0.00% of average net assets | MARKET FUND | Next $5 billion | 0.390% | | | | | Next $10 billion | 0.340% | | | | | Next $10 billion | 0.290% | | | | | Next $50 billion | 0.240% | | | | | Next $50 billion | 0.220% | | | | | Next $100 billion | 0.210% | | | | | Any excess thereafter | 0.205% | | | |
| PUTNAM TAX-FREE HIGH YIELD | First $5 billion | 0.630% | $5,642,898 | | 0.48% of average net assets | FUND | Next $5 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $10 billion | 0.480% | | | | | Next $50 billion | 0.430% | | | | | Next $50 billion | 0.410% | | | | | Next $100 billion | 0.400% | | | | | Any excess thereafter | 0.395% | | | |
| PUTNAM U.S. GOVERNMENT | First $5 billion | 0.550% | $5,771,426 | | 0.40% of average net assets | INCOME TRUST | Next $5 billion | 0.500% | | | | | Next $10 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $50 billion | 0.350% | | | | | Next $50 billion | 0.330% | | | | | Next $100 billion | 0.320% | | | | | Any excess thereafter | 0.315% | | | |
| PUTNAM VOYAGER FUND | First $5 billion | 0.710% | $15,286,375 | | 0.43% of average net assets | | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | | | Benchmark: Russell 1000 | | | | | | Growth Index | | | | | | Hurdle: | N/A | | | | | Maximum Performance | | | | | | Adjustment Rate: | 0.12% | | | | | Minimum Performance | | | | | | Adjustment Rate: | -0.12% | | | |
| PUTNAM VT ABSOLUTE RETURN | First $5 billion | 0.880% | $0 | | 0.00% of average net assets | 500 FUND | Next $5 billion | 0.830% | | | | | Next $10 billion | 0.780% | | | | | Next $10 billion | 0.730% | | | | | Next $50 billion | 0.680% | | | | | Next $50 billion | 0.660% | | | | | Next $100 billion | 0.650% | | | | | Any excess thereafter | 0.645% | | | |
| PUTNAM VT AMERICAN | First $5 billion | 0.550% | $505,029 | | 0.41% of average net assets | GOVERNMENT INCOME FUND | Next $5 billion | 0.500% | | | | | Next $10 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $50 billion | 0.350% | | | | | Next $50 billion | 0.330% | | | | | Next $100 billion | 0.320% | | | | | Any excess thereafter | 0.315% | | | |
| PUTNAM VT CAPITAL | First $5 billion | 0.780% | $207,222 | | 0.64% of average net assets | OPPORTUNITIES FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $426,490,557 | | First $5 billion of Total | 0.590% | $1,868,568 | | Yes | High level of current | MASSACHUSETTS | | Open-End Mutual | | (Represents | | | income exempt from | TAX EXEMPT | | Fund Average Net | | 0.44% of | | | federal income tax and | INCOME FUND | | Assets | | average net | | | Massachusetts personal | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM MASTER | $345,143,575 | | First $500 million | 0.750% | $2,723,636 | | No | High current income | INTERMEDIATE | | Next $500 million | 0.650% | (Represents | | | and relative stability of | INCOME TRUST | | Next $500 million | 0.600% | 0.75% of | | | net asset value. | | | | Next $5 billion | 0.550% | average net | | | | | | | Next $5 billion | 0.525% | assets) | | | | | | | Next $5 billion | 0.505% | | | | | | | | Next $5 billion | 0.490% | | | | | | | | Next $5 billion | 0.480% | | | | | | | | Next $5 billion | 0.470% | | | | | | | | Next $5 billion | 0.460% | | | | | | | | Next $5 billion | 0.450% | | | | | | | | Next $5 billion | 0.440% | | | | | | | | Next $8.5 billion | 0.430% | | | | | | | | Any excess thereafter | 0.420% | | | | |
| PUTNAM | $82,347,558 | | First $5 billion of Total | 0.590% | $362,014 | | Yes | As high a level of | MICHIGAN TAX | | Open-End Mutual | | (Represents | | | current income exempt | EXEMPT INCOME | | Fund Average Net | | 0.44% of | | | from federal income tax | FUND | | | Assets | | average net | | | and Michigan personal | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM | $125,148,611 | | First $5 billion of Total | 0.590% | $532,651 | | Yes | As high a level of | MINNESOTA TAX | | Open-End Mutual | | (Represents | | | current income exempt | EXEMPT INCOME | | Fund Average Net | | 0.44% of | | | from federal income tax | FUND | | | Assets | | average net | | | and Minnesota personal | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM MONEY | $1,431,994,373 | | First $5 billion of Total | 0.440% | $0 | | Yes | As high a rate of current | MARKET FUND | | Open-End Mutual | | (Represents | | | income as Putnam | | | | Fund Average Net | | 0.00% of | | | Management believes | | | | Assets | | average net | | | is consistent with | | | | Next $5 billion | 0.390% | assets) | | | preservation of capital | | | | Next $10 billion | 0.340% | | | | and maintenance of | | | | Next $10 billion | 0.290% | | | | liquidity. | | | | Next $50 billion | 0.240% | | | | | | | | Next $50 billion | 0.220% | | | | | | | | Next $100 billion | 0.210% | | | | | | | | Any excess thereafter | 0.205% | | | | |
| PUTNAM | $2,215,725,345 | | of Average net assets | 0.25% | $0 | | Yes | As high a rate of current | MONEY MARKET | | | | (Represents | | | income as Putnam | LIQUIDITY FUND | | | | 0.00% of | | | Management believes | | | | | | average net | | | is consistent with | | | | | | assets) | | | preservation of capital | | | | | | | | | and maintenance of | | | | | | | | | liquidity. |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM VT DIVERSIFIED | First $5 billion | 0.700% | $2,532,568 | | 0.56% of average net assets | INCOME FUND | Next $5 billion | 0.650% | | | | | Next $10 billion | 0.600% | | | | | Next $10 billion | 0.550% | | | | | Next $50 billion | 0.500% | | | | | Next $50 billion | 0.480% | | | | | Next $100 billion | 0.470% | | | | | Any excess thereafter | 0.465% | | | |
| PUTNAM VT EQUITY INCOME | First $5 billion | 0.630% | $1,806,301 | | 0.49% of average net assets | FUND | Next $5 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $10 billion | 0.480% | | | | | Next $50 billion | 0.430% | | | | | Next $50 billion | 0.410% | | | | | Next $100 billion | 0.400% | | | | | Any excess thereafter | 0.395% | | | |
| PUTNAM VT GEORGE PUTNAM | First $5 billion | 0.680% | $956,470 | | 0.54% of average net assets | BALANCED FUND | Next $5 billion | 0.630% | | | | | Next $10 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $50 billion | 0.480% | | | | | Next $50 billion | 0.460% | | | | | Next $100 billion | 0.450% | | | | | Any excess thereafter | 0.445% | | | |
| PUTNAM VT GLOBAL ASSET | First $5 billion | 0.750% | $1,280,104 | | 0.61% of average net assets | ALLOCATION FUND | Next $5 billion | 0.700% | | | | | Next $10 billion | 0.650% | | | | | Next $10 billion | 0.600% | | | | | Next $50 billion | 0.550% | | | | | Next $50 billion | 0.530% | | | | | Next $100 billion | 0.520% | | | | | Any excess thereafter | 0.515% | | | |
| PUTNAM VT GLOBAL EQUITY | First $5 billion | 0.850% | $1,394,894 | | 0.71% of average net assets | FUND | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | |
| PUTNAM VT GLOBAL HEALTH | First $5 billion | 0.780% | $663,474 | | 0.64% of average net assets | CARE FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM VT GLOBAL UTILITIES | First $5 billion | 0.780% | $724,377 | | 0.64% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM VT GROWTH AND | First $5 billion | 0.630% | $5,691,727 | | 0.49% of average net assets | INCOME FUND | Next $5 billion | 0.580% | | | | | Next $10 billion | 0.530% | | | | | Next $10 billion | 0.480% | | | | | Next $50 billion | 0.430% | | | | | Next $50 billion | 0.410% | | | | | Next $100 billion | 0.400% | | | | | Any excess thereafter | 0.395% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $14,261,026 | | First $5 billion of Total | 0.710% | $8,719 | | Yes | Capital appreciation. | MULTI-CAP CORE | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.08% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM | $3,338,588,682 | | First $5 billion of Total | 0.710% | $16,342,403 | | Yes | Long-term capital | MULTI-CAP | | Open-End Mutual | | (Represents | | | appreciation. | GROWTH FUND | | Fund Average Net | | 0.50% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | | | | | | Benchmark: | Russell 3000 | | | | | | | | | Growth Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.12% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.12% | | | | |
| PUTNAM | $312,805,407 | | First $5 billion of Total | 0.710% | $2,138,018 | | Yes | Capital appreciation | MULTI-CAP VALUE | | Open-End Mutual | | (Represents | | | and, as a secondary | FUND | | | Fund Average Net | | 0.56% of | | | objective, current | | | | Assets | | average net | | | income. | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM | $580,642,631 | | The lesser of | | $4,118,860 | | No | As high a level of | MUNICIPAL | | | (i) 0.55%, or | | (Represents | | | current income free | OPPORTUNITIES | | (ii) the following rates: | | 0.72% of | | | from federal income tax | TRUST | | | First $500 million | 0.650% | averagenet | | | as Putnam Management | | | | Next $500 million | 0.550% | assets)# | | | believes is consistent | | | | Next $500 million | 0.500% | | | | with the preservation of | | | | Next $5 billion | 0.450% | | | | capital. | | | | Next $5 billion | 0.425% | | | | | | | | Next $5 billion | 0.410% | | | | | | | | Next $5 billion | 0.390% | | | | | | | | Any excess thereafter | 0.380% | | | | |
| PUTNAM NEW | $291,506,902 | | First $5 billion of Total | 0.590% | $1,277,096 | | Yes | As high a level of | JERSEY TAX | | | Open-End Mutual | | (Represents | | | current income exempt | EXEMPT INCOME | | Fund Average Net | | 0.44% of | | | from federal income | FUND | | | Assets | | average net | | | tax and New Jersey | | | | Next $5 billion | 0.540% | assets) | | | personal income tax as | | | | Next $10 billion | 0.490% | | | | Putnam Management | | | | Next $10 billion | 0.440% | | | | believes is consistent | | | | Next $50 billion | 0.390% | | | | with preservation of | | | | Next $50 billion | 0.370% | | | | capital. | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM VT GROWTH | First $5 billion | 0.710% | $120,564 | | 0.47% of average net assets | OPPORTUNITIES FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM VT HIGH YIELD FUND | First $5 billion | 0.720% | $2,293,594 | | 0.58% of average net assets | | Next $5 billion | 0.670% | | | | | Next $10 billion | 0.620% | | | | | Next $10 billion | 0.570% | | | | | Next $50 billion | 0.520% | | | | | Next $50 billion | 0.500% | | | | | Next $100 billion | 0.490% | | | | | Any excess thereafter | 0.485% | | | |
| PUTNAM VT INCOME FUND | First $5 billion | 0.550% | $1,576,095 | | 0.41% of average net assets | | Next $5 billion | 0.500% | | | | | Next $10 billion | 0.450% | | | | | Next $10 billion | 0.400% | | | | | Next $50 billion | 0.350% | | | | | Next $50 billion | 0.330% | | | | | Next $100 billion | 0.320% | | | | | Any excess thereafter | 0.315% | | | |
| PUTNAM VT INTERNATIONAL | First $5 billion | 0.850% | $2,946,769 | | 0.71% of average net assets | EQUITY FUND | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | |
| PUTNAM VT INTERNATIONAL | First $5 billion | 1.080% | $497,013 | | 0.89% of average net assets | GROWTH FUND | Next $5 billion | 1.030% | | | | | Next $10 billion | 0.980% | | | | | Next $10 billion | 0.930% | | | | | Next $50 billion | 0.880% | | | | | Next $50 billion | 0.860% | | | | | Next $100 billion | 0.850% | | | | | Any excess thereafter | 0.845% | | | |
| PUTNAM VT INTERNATIONAL | First $5 billion | 0.850% | $774,643 | | 0.71% of average net assets | VALUE FUND | Next $5 billion | 0.800% | | | | | Next $10 billion | 0.750% | | | | | Next $10 billion | 0.700% | | | | | Next $50 billion | 0.650% | | | | | Next $50 billion | 0.630% | | | | | Next $100 billion | 0.620% | | | | | Any excess thereafter | 0.615% | | | |
| PUTNAM VT INVESTORS FUND | First $5 billion | 0.710% | $1,305,080 | | 0.57% of average net assets | | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM VT MONEY MARKET | First $5 billion | 0.440% | $164,496 | | 0.07% of average net assets | FUND | Next $5 billion | 0.390% | | | | | Next $10 billion | 0.340% | | | | | Next $10 billion | 0.290% | | | | | Next $50 billion | 0.240% | | | | | Next $50 billion | 0.220% | | | | | Next $100 billion | 0.210% | | | | | Any excess thereafter | 0.205% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM NEW | $1,313,387,219 | | First $5 billion of Total | 0.590% | $5,479,662 | | Yes | As high a level of current | YORK TAX | | | Open-End Mutual | | (Represents | | | income exempt from | EXEMPT INCOME | | Fund Average Net | | 0.45% of | | | federal income tax and | FUND | | | Assets | | average net | | | New York State and City | | | | Next $5 billion | 0.540% | assets) | | | personal income taxes | | | | Next $10 billion | 0.490% | | | | as Putnam Management | | | | Next $10 billion | 0.440% | | | | believes is consistent | | | | Next $50 billion | 0.390% | | | | with preservation of | | | | Next $50 billion | 0.370% | | | | capital. | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM OHIO | $162,973,095 | | First $5 billion of Total | 0.590% | $720,433 | | Yes | As high a level of | TAX EXEMPT | | Open-End Mutual | | (Represents | | | current income exempt | INCOME FUND | | Fund Average Net | | 0.44% of | | | from federal income | | | | Assets | | average net | | | tax and Ohio personal | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM | $245,528,782 | | First $5 billion of Total | 0.590% | $1,105,281 | | Yes | As high a level of current | PENNSYLVANIA | | Open-End Mutual | | (Represents | | | income exempt from | TAX EXEMPT | | Fund Average Net | | 0.44% of | | | federal income tax and | INCOME FUND | | Assets | | average net | | | Pennsylvania personal | | | | Next $5 billion | 0.540% | assets) | | | income tax as Putnam | | | | Next $10 billion | 0.490% | | | | Management believes | | | | Next $10 billion | 0.440% | | | | is consistent with | | | | Next $50 billion | 0.390% | | | | preservation of capital. | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
| PUTNAM PREMIER | $825,433,303 | | First $500 million | 0.750% | $5,947,565 | | No | High current income. | INCOME TRUST | | Next $500 million | 0.650% | (Represents | | | | | | | Next $500 million | 0.600% | 0.71% of | | | | | | | Next $5 billion | 0.550% | average net | | | | | | | Next $5 billion | 0.525% | assets) | | | | | | | Next $5 billion | 0.505% | | | | | | | | Next $5 billion | 0.490% | | | | | | | | Next $5 billion | 0.480% | | | | | | | | Next $5 billion | 0.470% | | | | | | | | Next $5 billion | 0.460% | | | | | | | | Next $5 billion | 0.450% | | | | | | | | Next $5 billion | 0.440% | | | | | | | | Next $8.5 billion | 0.430% | | | | | | | | Any excess thereafter | 0.420% | | | | |
| PUTNAM | $239,585,789 | | First $5 billion of Total | 0.710% | $1,251,275 | | Yes | Capital appreciation. | RESEARCH FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.56% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM | $1,273,134 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2055 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
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| | | | | | | | | Amount of Management Fee Paid in the | | | | | | Most Recent Fiscal Year (after applicable | | | | | | waivers, performance adjustments and | | | Fund | Management Fee Schedule | | reimbursements, if any) ($) | | Annual Rate at which Fees were Paid |
| PUTNAM VT MULTI-CAP | First $5 billion | 0.710% | $3,787,974 | | 0.57% of average net assets | GROWTH FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM VT MULTI-CAP VALUE | First $5 billion | 0.710% | $195,889 | | 0.57% of average net assets | FUND | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM VT RESEARCH FUND | First $5 billion | 0.710% | $312,623 | | 0.57% of average net assets | | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
| PUTNAM VT SMALL CAP VALUE | First $5 billion | 0.780% | $1,423,370 | | 0.64% of average net assets | FUND | Next $5 billion | 0.730% | | | | | Next $10 billion | 0.680% | | | | | Next $10 billion | 0.630% | | | | | Next $50 billion | 0.580% | | | | | Next $50 billion | 0.560% | | | | | Next $100 billion | 0.550% | | | | | Any excess thereafter | 0.545% | | | |
| PUTNAM VT VOYAGER FUND | First $5 billion | 0.710% | $4,579,947 | | 0.57% of average net assets | | Next $5 billion | 0.660% | | | | | Next $10 billion | 0.610% | | | | | Next $10 billion | 0.560% | | | | | Next $50 billion | 0.510% | | | | | Next $50 billion | 0.490% | | | | | Next $100 billion | 0.480% | | | | | Any excess thereafter | 0.475% | | | |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $10,658,409 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | | and current income | READY 2050 FUND | | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $14,805,075 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2045 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $20,912,345 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2040 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $30,110,450 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2035 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $39,575,932 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2030 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $42,575,319 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2025 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $36,670,899 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | and current income | READY 2020 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
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| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM | $25,087,950 | | N/A | N/A | N/A | | Yes | Capital appreciation | RETIREMENT- | | | | | | | | and current income | READY 2015 FUND | | | | | | | consistent with a | | | | | | | | | decreasing emphasis on | | | | | | | | | capital appreciation and | | | | | | | | | an increasing emphasis | | | | | | | | | on current income as it | | | | | | | | | approaches its target | | | | | | | | | date. |
| PUTNAM | $24,075,849 | | N/A | N/A | N/A | | Yes | As high a rate of current | RETIREMENT | | | | | | | | income as Putnam | INCOME FUND | | | | | | | Management believes | LIFESTYLE 1 | | | | | | | | is consistent with | | | | | | | | | preservation of capital. |
| PUTNAM | $12,495,315 | | First $5 billion of Total | 0.680% | $0 | | Yes | Current Income | RETIREMENT | | | Open-End Mutual | | (Represents | | | consistent with what | INCOME FUND | | Fund Average Net | | 0.00% of | | | Putnam Management | LIFESTYLE 2 | | | Assets | | average net | | | believes to be prudent | | | | Next $5 billion | 0.630% | assets) | | | risk. | | | | Next $10 billion | 0.580% | | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $50 billion | 0.460% | | | | | | | | Next $100 billion | 0.450% | | | | | | | | Any excess thereafter | 0.445% | | | | |
| PUTNAM | $16,414,733 | | First $5 billion of Total | 0.680% | $0 | | Yes | Current Income | RETIREMENT | | | Open-End Mutual | | (Represents | | | consistent with what | INCOME FUND | | Fund Average Net | | 0.00% of | | | Putnam Management | LIFESTYLE 3 | | | Assets | | average net | | | believes to be prudent | | | | Next $5 billion | 0.630% | assets) | | | risk. Its secondary | | | | Next $10 billion | 0.580% | | | | objective is capital | | | | Next $10 billion | 0.530% | | | | appreciation. | | | | Next $50 billion | 0.480% | | | | | | | | Next $50 billion | 0.460% | | | | | | | | Next $100 billion | 0.450% | | | | | | | | Any excess thereafter | 0.445% | | | | |
| PUTNAM SHORT | $1,151,155,979 | | First $5 billion of Total | 0.500% | $1,293,633 | | Yes | As high a rate of current | DURATION | | | Open-End Mutual | | (Represents | | | income as Putnam | INCOME FUND | | Fund Average Net | | 0.21% of | | | Management believes | | | | Assets | | average net | | | is consistent with | | | | Next $5 billion | 0.450% | assets) | | | preservation of capital | | | | Next $10 billion | 0.400% | | | | and maintenance of | | | | Next $10 billion | 0.350% | | | | liquidity. | | | | Next $50 billion | 0.300% | | | | | | | | Next $50 billion | 0.280% | | | | | | | | Next $100 billion | 0.270% | | | | | | | | Any excess thereafter | 0.265% | | | | |
| PUTNAM | $2,682,410,580 | | of Average net assets | 0.25% | $0 | | Yes | As high a rate of current | SHORT TERM | | | | (Represents | | | income as Putnam | INVESTMENT | | | | 0.00% of | | | Management believes | FUND | | | | | average net | | | is consistent with | | | | | | assets) | | | preservation of capital | | | | | | | | | and maintenance of | | | | | | | | | liquidity. |
| PUTNAM SHORT- | $11,121,856(3) | | First $5 billion of Total | 0.500% | $—(2) | | Yes | As high a level of | TERM MUNICIPAL | | Open-End Mutual | | | | | current income exempt | INCOME FUND | | Fund Average Net | | | | | from federal income tax | | | | Assets | | | | | as Putnam Management | | | | Next $5 billion | 0.450% | | | | believes is consistent | | | | Next $10 billion | 0.400% | | | | with preservation | | | | Next $10 billion | 0.350% | | | | of capital. | | | | Next $50 billion | 0.300% | | | | | | | | Next $50 billion | 0.280% | | | | | | | | Next $100 billion | 0.270% | | | | | | | | Any excess thereafter | 0.265% | | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM SMALL | $127,856,487 | | First $5 billion of Total | 0.780% | $710,052 | | Yes | Capital appreciation. | CAP GROWTH | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.60% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | | | | | | Benchmark: | Russell 2000 | | | | | | | | | Growth Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.18% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.18% | | | | |
| PUTNAM SMALL | $168,319,734 | | First $5 billion of Total | 0.780% | $1,004,942 | | Yes | Capital appreciation. | CAP VALUE FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.64% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM | $4,015,264 | | First $5 billion of Total | 0.880% | $0 | | Yes | Total return in excess of | STRATEGIC | | | Open-End Mutual | | (Represents | | | that of the U.S. equity | VOLATILITY | | | Fund Average Net | | 0.00% of | | | markets, but with | EQUITY FUND | | Assets | | average net | | | comparable volatility. | | | | Next $5 billion | 0.830% | assets) | | | | | | | Next $10 billion | 0.780% | | | | | | | | Next $10 billion | 0.730% | | | | | | | | Next $50 billion | 0.680% | | | | | | | | Next $50 billion | 0.660% | | | | | | | | Next $100 billion | 0.650% | | | | | | | | Any excess thereafter | 0.645% | | | | | | | | | Benchmark: | S&P 500 Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.15% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.15% | | | | |
| PUTNAM TAX | $1,043,075,360 | | First $5 billion of Total | 0.590% | $5,249,245 | | Yes | As high a level of | EXEMPT INCOME | | Open-End Mutual | | (Represents | | | current income exempt | FUND | | | Fund Average Net | | 0.44% of | | | from federal income tax | | | | Assets | | average net | | | as Putnam Management | | | | Next $5 billion | 0.540% | assets) | | | believes is consistent | | | | Next $10 billion | 0.490% | | | | with preservation of | | | | Next $10 billion | 0.440% | | | | capital. | | | | Next $50 billion | 0.390% | | | | | | | | Next $50 billion | 0.370% | | | | | | | | Next $100 billion | 0.360% | | | | | | | | Any excess thereafter | 0.355% | | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM TAX | $42,599,913 | | First $5 billion of Total | 0.440% | $0 | | Yes | As high a rate of current | EXEMPT MONEY | | Open-End Mutual | | (Represents | | | income exempt from | MARKET FUND | | Fund Average Net | | 0.00% of | | | federal income tax as | | | | Assets | | average net | | | Putnam Management | | | | Next $5 billion | 0.390% | assets) | | | believes is consistent | | | | Next $10 billion | 0.340% | | | | with preservation of | | | | Next $10 billion | 0.290% | | | | capital and maintenance | | | | Next $50 billion | 0.240% | | | | of liquidity. | | | | Next $50 billion | 0.220% | | | | | | | | Next $100 billion | 0.210% | | | | | | | | Any excess thereafter | 0.205% | | | | |
| PUTNAM | $986,169,531 | | First $5 billion of Total | 0.630% | $5,642,898 | | Yes | High current income | TAX-FREE HIGH | | Open-End Mutual | | (Represents | | | exempt from federal | YIELD FUND | | | Fund Average Net | | 0.48% of | | | income tax. | | | | Assets | | average net | | | | | | | Next $5 billion | 0.580% | assets) | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $10 billion | 0.480% | | | | | | | | Next $50 billion | 0.430% | | | | | | | | Next $50 billion | 0.410% | | | | | | | | Next $100 billion | 0.400% | | | | | | | | Any excess thereafter | 0.395% | | | | |
| PUTNAM U.S. | $1,216,869,750 | | First $5 billion of Total | 0.550% | $5,771,426 | | Yes | As high a level of current | GOVERNMENT | | Open-End Mutual | | (Represents | | | income as Putnam | INCOME TRUST | | Fund Average Net | | 0.40% of | | | Management believes | | | | Assets | | average net | | | is consistent with | | | | Next $5 billion | 0.500% | assets) | | | preservation of capital. | | | | Next $10 billion | 0.450% | | | | | | | | Next $10 billion | 0.400% | | | | | | | | Next $50 billion | 0.350% | | | | | | | | Next $50 billion | 0.330% | | | | | | | | Next $100 billion | 0.320% | | | | | | | | Any excess thereafter | 0.315% | | | | |
| PUTNAM | $3,758,223,225 | | First $5 billion of Total | 0.710% | $15,286,375 | | Yes | Capital appreciation. | VOYAGER FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.43% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | | | | | | Benchmark: | Russell 1000 | | | | | | | | | Growth Index | | | | | | | | | Hurdle: | N/A | | | | | | | | | Maximum | | | | | | | | | Performance | | | | | | | | | Adjustment Rate: | 0.12% | | | | | | | | | Minimum Performance | | | | | | | | | Adjustment Rate: | -0.12% | | | | |
| PUTNAM VT | $17,856,955 | | First $5 billion of Total | 0.880% | $0 | | Yes | To earn a positive return | ABSOLUTE | | | Open-End Mutual | | (Represents | | | that exceeds the rate | RETURN 500 FUND | | Fund Average Net | | 0.00% of | | | of inflation by 5% over | | | | Assets | | average net | | | a reasonable period | | | | Next $5 billion | 0.830% | assets) | | | of time, regardless of | | | | Next $10 billion | 0.780% | | | | market conditions. | | | | Next $10 billion | 0.730% | | | | | | | | Next $50 billion | 0.680% | | | | | | | | Next $50 billion | 0.660% | | | | | | | | Next $100 billion | 0.650% | | | | | | | | Any excess thereafter | 0.645% | | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM VT | $115,123,322 | | First $5 billion of Total | 0.550% | $505,029 | | Yes | High current income | AMERICAN | | | Open-End Mutual | | (Represents | | | with preservation of | GOVERNMENT | | Fund Average Net | | 0.41% of | | | capital as its secondary | INCOME FUND | | Assets | | average net | | | objective. | | | | Next $5 billion | 0.500% | assets) | | | | | | | Next $10 billion | 0.450% | | | | | | | | Next $10 billion | 0.400% | | | | | | | | Next $50 billion | 0.350% | | | | | | | | Next $50 billion | 0.330% | | | | | | | | Next $100 billion | 0.320% | | | | | | | | Any excess thereafter | 0.315% | | | | |
| PUTNAM | $30,538,729 | | First $5 billion of Total | 0.780% | $207,222 | | Yes | Long-term growth of | VT CAPITAL | | | Open-End Mutual | | (Represents | | | capital. | OPPORTUNITIES | | Fund Average Net | | 0.64% of | | | | FUND | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM VT | $447,542,301 | | First $5 billion of Total | 0.700% | $2,532,568 | | Yes | As high a level of current | DIVERSIFIED | | | Open-End Mutual | | (Represents | | | income as Putnam | INCOME FUND | | Fund Average Net | | 0.56% of | | | Management believes | | | | Assets | | average net | | | is consistent with | | | | Next $5 billion | 0.650% | assets) | | | preservation of capital. | | | | Next $10 billion | 0.600% | | | | | | | | Next $10 billion | 0.550% | | | | | | | | Next $50 billion | 0.500% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $100 billion | 0.470% | | | | | | | | Any excess thereafter | 0.465% | | | | |
| PUTNAM VT | $387,269,715 | | First $5 billion of Total | 0.630% | $1,806,301 | | Yes | Capital growth and | EQUITY INCOME | | Open-End Mutual | | (Represents | | | current income. | FUND | | | Fund Average Net | | 0.49% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.580% | assets) | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $10 billion | 0.480% | | | | | | | | Next $50 billion | 0.430% | | | | | | | | Next $50 billion | 0.410% | | | | | | | | Next $100 billion | 0.400% | | | | | | | | Any excess thereafter | 0.395% | | | | |
| PUTNAM VT | $173,285,587 | | First $5 billion of Total | 0.680% | $956,470 | | Yes | Both capital growth and | GEORGE PUTNAM | | Open-End Mutual | | (Represents | | | current income. | BALANCED FUND | | Fund Average Net | | 0.54% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.630% | assets) | | | | | | | Next $10 billion | 0.580% | | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $50 billion | 0.480% | | | | | | | | Next $50 billion | 0.460% | | | | | | | | Next $100 billion | 0.450% | | | | | | | | Any excess thereafter | 0.445% | | | | |
| PUTNAM VT | $207,408,095 | | First $5 billion of Total | 0.750% | $1,280,104 | | Yes | Long-term return | GLOBAL ASSET | | Open-End Mutual | | (Represents | | | consistent with | ALLOCATION | | Fund Average Net | | 0.61% of | | | preservation of capital. | FUND | | | Assets | | average net | | | | | | | Next $5 billion | 0.700% | assets) | | | | | | | Next $10 billion | 0.650% | | | | | | | | Next $10 billion | 0.600% | | | | | | | | Next $50 billion | 0.550% | | | | | | | | Next $50 billion | 0.530% | | | | | | | | Next $100 billion | 0.520% | | | | | | | | Any excess thereafter | 0.515% | | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM VT | $198,411,625 | | First $5 billion of Total | 0.850% | $1,394,894 | | Yes | Capital appreciation. | GLOBAL EQUITY | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.71% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | |
| PUTNAM VT | $108,742,159 | | First $5 billion of Total | 0.780% | $663,474 | | Yes | Capital appreciation. | GLOBAL HEALTH | | Open-End Mutual | | (Represents | | | | CARE FUND | | | Fund Average Net | | 0.64% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM VT | $106,250,504 | | First $5 billion of Total | 0.780% | $724,377 | | Yes | Capital growth and | GLOBAL UTILITIES | | Open-End Mutual | | (Represents | | | current income. | FUND | | | Fund Average Net | | 0.64% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM VT | $1,160,083,119 | | First $5 billion of Total | 0.630% | $5,691,727 | | Yes | Capital growth and | GROWTH AND | | Open-End Mutual | | (Represents | | | current income. | INCOME FUND | | Fund Average Net | | 0.49% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.580% | assets) | | | | | | | Next $10 billion | 0.530% | | | | | | | | Next $10 billion | 0.480% | | | | | | | | Next $50 billion | 0.430% | | | | | | | | Next $50 billion | 0.410% | | | | | | | | Next $100 billion | 0.400% | | | | | | | | Any excess thereafter | 0.395% | | | | |
| PUTNAM VT | $25,163,523 | | First $5 billion of Total | 0.710% | $120,564 | | Yes | Capital appreciation. | GROWTH | | | Open-End Mutual | | (Represents | | | | OPPORTUNITIES | | Fund Average Net | | 0.47% of | | | | FUND | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM VT HIGH | $397,577,870 | | First $5 billion of Total | 0.720% | $2,293,594 | | Yes | High current income. | YIELD FUND | | Open-End Mutual | | (Represents | | | Capital growth is | | | | Fund Average Net | | 0.58% of | | | a secondary goal | | | | Assets | | average net | | | when consistent with | | | | Next $5 billion | 0.670% | assets) | | | achieving high current | | | | Next $10 billion | 0.620% | | | | income. | | | | Next $10 billion | 0.570% | | | | | | | | Next $50 billion | 0.520% | | | | | | | | Next $50 billion | 0.500% | | | | | | | | Next $100 billion | 0.490% | | | | | | | | Any excess thereafter | 0.485% | | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM VT | $379,960,720 | | First $5 billion of Total | 0.550% | $1,576,095 | | Yes | High current income | INCOME FUND | | Open-End Mutual | | (Represents | | | consistent with what | | | | Fund Average Net | | 0.41% of | | | Putnam Management | | | | Assets | | average net | | | believes to be prudent | | | | Next $5 billion | 0.500% | assets) | | | risk. | | | | Next $10 billion | 0.450% | | | | | | | | Next $10 billion | 0.400% | | | | | | | | Next $50 billion | 0.350% | | | | | | | | Next $50 billion | 0.330% | | | | | | | | Next $100 billion | 0.320% | | | | | | | | Any excess thereafter | 0.315% | | | | |
| PUTNAM VT | $415,527,777 | | First $5 billion of Total | 0.850% | $2,946,769 | | Yes | Capital appreciation. | INTERNATIONAL | | Open-End Mutual | | (Represents | | | | EQUITY FUND | | Fund Average Net | | 0.71% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | |
| PUTNAM VT | $56,149,361 | | First $5 billion of Total | 1.080% | $497,013 | | Yes | Long-term capital | INTERNATIONAL | | Open-End Mutual | | (Represents | | | appreciation. | GROWTH FUND | | Fund Average Net | | 0.89% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 1.030% | assets) | | | | | | | Next $10 billion | 0.980% | | | | | | | | Next $10 billion | 0.930% | | | | | | | | Next $50 billion | 0.880% | | | | | | | | Next $50 billion | 0.860% | | | | | | | | Next $100 billion | 0.850% | | | | | | | | Any excess thereafter | 0.845% | | | | |
| PUTNAM VT | $110,343,401 | | First $5 billion of Total | 0.850% | $774,643 | | Yes | Capital growth. Current | INTERNATIONAL | | Open-End Mutual | | (Represents | | | income is a secondary | VALUE FUND | | Fund Average Net | | 0.71% of | | | objective. | | | | Assets | | average net | | | | | | | Next $5 billion | 0.800% | assets) | | | | | | | Next $10 billion | 0.750% | | | | | | | | Next $10 billion | 0.700% | | | | | | | | Next $50 billion | 0.650% | | | | | | | | Next $50 billion | 0.630% | | | | | | | | Next $100 billion | 0.620% | | | | | | | | Any excess thereafter | 0.615% | | | | |
| PUTNAM VT | $219,457,136 | | First $5 billion of Total | 0.710% | $1,305,080 | | Yes | Long-term growth | INVESTORS FUND | | Open-End Mutual | | (Represents | | | of capital and any | | | | Fund Average Net | | 0.57% of | | | increased income that | | | | Assets | | average net | | | results from this growth. | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM VT | $214,045,425 | | First $5 billion of Total | 0.440% | $164,496 | | Yes | As high a rate of current | MONEY MARKET | | Open-End Mutual | | (Represents | | | income as Putnam | FUND | | | Fund Average Net | | 0.07% of | | | Management believes | | | | Assets | | average net | | | is consistent with | | | | Next $5 billion | 0.390% | assets) | | | preservation of capital | | | | Next $10 billion | 0.340% | | | | and maintenance of | | | | Next $10 billion | 0.290% | | | | liquidity. | | | | Next $50 billion | 0.240% | | | | | | | | Next $50 billion | 0.220% | | | | | | | | Next $100 billion | 0.210% | | | | | | | | Any excess thereafter | 0.205% | | | | |
|
| | | | | | | | | | | | | | Amount of Management | | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | | | | mance adjustments and | | be reduced under any | Current Investment | Fund | FYE1 | | Current Management Fee Schedule | reimbursements, if any)($) | | applicable contract? | Objective |
| PUTNAM VT | $647,648,573 | | First $5 billion of Total | 0.710% | $3,787,974 | | Yes | Long-term capital | MULTI-CAP | | | Open-End Mutual | | (Represents | | | appreciation. | GROWTH FUND | | Fund Average Net | | 0.57% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM VT | $34,275,564 | | First $5 billion of Total | 0.710% | $195,889 | | Yes | Capital appreciation | MULTI-CAP VALUE | | Open-End Mutual | | (Represents | | | and, as a secondary | FUND | | | Fund Average Net | | 0.57% of | | | objective, current | | | | Assets | | average net | | | income. | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM VT | $53,107,377 | | First $5 billion of Total | 0.710% | $312,623 | | Yes | Capital appreciation. | RESEARCH FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.57% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
| PUTNAM VT | $223,220,362 | | First $5 billion of Total | 0.780% | $1,423,370 | | Yes | Capital appreciation. | SMALL CAP VALUE | | Open-End Mutual | | (Represents | | | | FUND | | | Fund Average Net | | 0.64% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.730% | assets) | | | | | | | Next $10 billion | 0.680% | | | | | | | | Next $10 billion | 0.630% | | | | | | | | Next $50 billion | 0.580% | | | | | | | | Next $50 billion | 0.560% | | | | | | | | Next $100 billion | 0.550% | | | | | | | | Any excess thereafter | 0.545% | | | | |
| PUTNAM VT | $762,329,456 | | First $5 billion of Total | 0.710% | $4,579,947 | | Yes | Capital appreciation. | VOYAGER FUND | | Open-End Mutual | | (Represents | | | | | | | Fund Average Net | | 0.57% of | | | | | | | Assets | | average net | | | | | | | Next $5 billion | 0.660% | assets) | | | | | | | Next $10 billion | 0.610% | | | | | | | | Next $10 billion | 0.560% | | | | | | | | Next $50 billion | 0.510% | | | | | | | | Next $50 billion | 0.490% | | | | | | | | Next $100 billion | 0.480% | | | | | | | | Any excess thereafter | 0.475% | | | | |
|
The following table contains certain information regarding funds for which Putnam Management provides investment advisory services as a sub-adviser. | | | | | | | | | | | | | | | Amount of | | Has compensation | | | | | | | | Sub-Advisory | | been waived, reduced | | | | | | | | Fee Paid in the | | or otherwise agreed to | | | Net Assets as | | | | Most Recent | | be reduced under any | | | Fund | ofFYE1 | | Sub-Advisory Fee Rate | Fiscal Year ($) | | applicable contract? | Current Investment Objective | Fiscal Year |
| GREAT-WEST PUTNAM | $368,406,499 | | First $250 million | 0.40% | $1,315,029 | | No | Capital growth and current | 12/31/12 | EQUITY INCOME FUND | | Next $250 million | 0.35% | | | | income | | | | | Any excess thereafter | 0.30% | | | | | |
| GREAT-WEST PUTNAM | $206,648,536 | | of all assets | 0.35% | $516,373 | | No | High current income with capital | 12/31/12 | HIGH YIELD BOND | | | | | | | appreciation as a secondary | | FUND | | | | | | | | objective when consistent with | | | | | | | | | | the primary objective | |
| NVIT MULTI-MANAGER | $460,752,586 | | First $200 million | 0.45% | $2,185,040(4) | | No | Long-term growth of capital | 12/31/12 | SMALL COMPANY | | Any excess thereafter | 0.40% | | | | | | FUND | | | | | | | | | |
| SEASONS SERIES | $167,488,423 | | First $150 million | 0.55% | $762,394 | | Yes | Capital appreciation | 3/31/13 | TRUST: ASSET | | | Next $150 million | 0.50% | | | | | | ALLOCATION: | | | Any excess thereafter | 0.40% | | | | | | DIVERSIFIED GROWTH | | | | | | | | | PORTFOLIO | | | | | | | | | |
| SUNAMERICA | $338,815,905 | | First $150 million | 0.65% | $1,713,122 | | Yes | Growth of capital and, | 1/31/13 | SERIES TRUST: | | | Next $150 million | 0.55% | | | | secondarily, current income | | INTERNATIONAL | | | Any excess thereafter | 0.45% | | | | | | GROWTH AND INCOME | | | | | | | | | PORTFOLIO | | | | | | | | | |
|
* MSCI publishes two versions of this index reflecting the reinvestment of dividends using two different methodologies: gross dividends and net dividends. While both versions reflect reinvested dividends, they differ with respect to the manner in which taxes associated with dividend payments are treated. In calculating the net dividends version, MSCI incorporates reinvested dividends applying the withholding tax rate applicable to foreign non-resident institutional investors that do not benefit from double taxation treaties. Putnam Management believes that the net dividends version better reflects the returns U.S. investors might expect were they to invest directly in the component securities of the index. (1) Putnam Emerging Markets Income FundInformation provided as of most recently completed fiscal year prior to October 1, 2013. (2)The fund has not completedexperienced a full fiscal yearyear-end as of operations.September 30, 2013. (2) Putnam Global Dividend Fund(3)The net assets figure is based on assets as of the semi-annual period ended May 31, 2013 since this fund has not completedexperienced a full fiscal yearyear-end since its inception.
(4)Putnam Management is one of operations.four sub-advisers for this fund. The net assets and sub-advisory fees shown in this table reflect totals for all sub-advisers. (3) Putnam Intermediate-Term Municipal Income Fund has not completed† Effective July 1, 2011, the fund’s benchmark index is the MSCI All Country Asia ex Japan Index (ND). Before July 1, 2011, the fund’s benchmark index was the MSCI All Country Asia Pacific Index (ND). Because the performance adjustment is based on a full fiscal yearrolling thirty-six month performance period (or, if shorter, the period from January 1, 2010 to the end of operations.
(4) The amountsthe month for Putnam Low Volatility Equity Fund represent feeswhich the fee adjustment is being computed), there is a transition period during which the fund’s performance is compared to a composite index that reflects the performance of the previous index (MSCI All Country Asia Pacific Index (ND)) for the portion of the performance period March 18, 2013 (commencementbefore July 1, 2011, and the performance of operations)the new index (MSCI All Country Asia ex-Japan Index (ND)) for the remainder of the period.
††Effective July 1, 2011, the fund’s benchmark index is the MSCI EAFE Value Index (ND). Before July 1, 2011, the fund’s benchmark index was the S&P Developed/Ex-U.S. LargeMidCap Value Index. Because the performance adjustment is based on a rolling thirty-six month performance period (or, if shorter, the period from January 1, 2010 to the fiscalend of the month for which the fee adjustment is being computed), there is a transition period ended July 31, 2013. (5) The amounts for Putnam Short Term Investment Fund represent feesduring which the fund’s performance is compared to a composite index that reflects the performance of the previous index (S&P Developed/Ex-U.S. LargeMidCap Value Index) for the portion of the performance period February 19, 2013 (commencementbefore July 1, 2011, and the performance of operations) to the fiscal period ended July 31, 2013.
(6) Putnam Short-Term Municipal Income Fund has not completed a full fiscal year of operations.
(7) The amounts for Putnam Strategic Volatility Equity Fund represent feesnew index (MSCI EAFE Value Index (ND)) for the period March 18, 2013 (commencementremainder of operations)the period.
# The management fee rate is expressed as a percentage of average net assets attributable to common shares of the fiscal period ended July 31, 2013.fund.
| Appendix E — Sub-Management and Sub-Advisory Contract |
| PUTNAM FUNDS | SUB-MANAGEMENT CONTRACT |
This Sub-Management Contract is dated as of July 1, 2013 between PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”) and PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales (the “Sub-Manager”). WHEREAS, the Manager is the investment manager of each of the investment companies registered under the United States Investment Company Act of 1940, as amended, that are identified onSchedule Ahereto, as it may from time to time be amended by the Manager (the “Funds”), and a registered investment adviser under the United States Investment Advisers Act of 1940, as amended; WHEREAS, the Sub-Manager is licensed as an investment manager by the Financial Conduct Authority of the United Kingdom (the “FCA”); and WHEREAS, the Manager desires to engage the Sub-Manager from time to time to manage a portion of certain of the Funds: NOW THEREFORE, in consideration of the mutual covenants herein contained, it is agreed as follows: 1. SERVICES TO BE RENDERED BY SUB-MANAGER. (a) The Sub-Manager, at its expense, will furnish continuously an investment program for that portion of any Fund the management of which is allocated from time to time by the Manager to the Sub-Manager (an “Allocated Sleeve”). The Manager shall, in its sole discretion, determine which Funds will have an Allocated Sleeve and the amount of assets allocated from time to time to each such Allocated Sleeve; provided that, with respect to any Fund, the Trustees of such Fund must have approved the use of the Sub-Manager prior to the creation of an Allocated Sleeve for such Fund. The Sub-Manager will determine what investments shall be purchased, held, sold or exchanged by any Allocated Sleeve and what portion, if any, of the assets of the Allocated Sleeve shall be held uninvested and shall, on behalf of the Fund, make changes in the Fund’s investments held in such Allocated Sleeve. (b) The Manager may also, at its discretion, request the Sub-Manager to provide assistance with purchasing and selling securities for any Fund, including the placement of orders with broker-dealers selected in accordance with Section 1(d), even if the Manager has not established an Allocated Sleeve for such Fund. (c) The Sub-Manager at its expense will furnish all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully. (d) The Sub-Manager shall place all orders for the purchase and sale of portfolio investments for any Allocated Sleeve with brokers or dealers selected by the Sub-Manager. In the selection ofselectionof such brokers or dealers and the placing of such orders, the Sub-Manager shall use its best efforts to obtain for the related Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Sub-Manager, bearing in mind the Fund’s best interests at all times, shall consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and trends, the reputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in other transactions. Subject to such policies as the Trustees of the Funds may determine, the Sub-Manager shall not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused a Fund to pay a broker or dealer that provides brokerage and research services to the Manager or the Sub-Manager an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Sub-Manager determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with respect to the Fund and to other clients of the Manager or the Sub-Manager as to which the Manager or the Sub-Manager exercises investment discretion. The Sub-Manager agrees that in connection with purchases or sales of portfolio investments for any Fund, neither the Sub-Manager nor any officer, director, employee or agent of the Sub-Manager shall act as a principal or receive any commission other than as provided in Section 3. (e) The Sub-Manager shall not be obligated to pay any expenses of or for the Manager or any Fund not expressly assumed by the Sub-Manager pursuant to this Section 1. (f) In the performance of its duties, the Sub-Manager will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of each applicable Fund and such Fund’s stated investment objectives, policies and restrictions, and will use its best efforts to safeguard and promote the welfare of such Fund and to comply with other policies which the Manager or the Trustees may from time to time determine and shall exercise the same care and diligence expected of the Manager. 2. OTHER AGREEMENTS, ETC. It is understood that any of the shareholders, Trustees, officers and employees of a Fund may be a shareholder, director, officer
or employee of, or be otherwise interested in, the Sub-Manager, and in any person controlled by or under common control with
the Sub-Manager, and that the Sub-Manager and any person controlled by or under common control with the Sub-Manager may have an interest in such Fund. It is also understood that the Sub-Manager and any person controlled by or under common control with the Sub-Manager have and may have advisory, management, service or other contracts with other organizations and persons, and may have other interests and business. 3. COMPENSATION. Except as provided below, the Manager will pay to the Sub-Manager as compensation for the Sub-Manager’s services rendered, a fee, computed and paid quarterly at the annual rate of 0.35% per annum of average aggregate net asset value of the assets in equity and asset allocation Allocated Sleeves and 0.40% per annum of average aggregate net asset value of the assets in fixed income Allocated Sleeves, except for fixed income Allocated Sleeves in certain fixed income Funds enumerated as follows (with the per annum fee provided in parentheses): Putnam Money Market Liquidity Fund (0.20%), Putnam Short Term Investment Fund (0.20%), Putnam Money Market Fund (0.25%), Putnam Tax Exempt Money Market Fund (0.25%), Putnam VT Money Market Fund (0.25%), Putnam Short Duration Income Fund (0.25%), Putnam Short-Term Municipal Income Fund (0.25%), Putnam American Government Income Fund (0.25%), Putnam Income Fund (0.25%), Putnam U.S. Government Income Trust (0.25%), Putnam VT American Government Income Fund (0.25%), and Putnam VT Income Fund (0.25%). Such average net asset value shall be determined by taking an average of all of the determinations of such net asset value during a quarter at the close of business on each business day during such quarter while this Contract is in effect. Such fee shall be payable for each quarter within 30 days after the close of such quarter. The Sub-Manager shall look only to the Manager for payment of its fees. No Fund shall have any responsibility for paying any fees due the Sub-Manager. With respect to each of Putnam High Income Securities Fund, Putnam Master Intermediate Income Trust and Putnam Premier Income Trust, the Manager will pay to the Sub-Manager as compensation for the Sub-Manager’s services rendered, a fee, computed and paid quarterly at the annual rate of 0.40% of Average Weekly Assets in Allocated Sleeves. “Average Weekly Assets” means the average of the weekly determinations of the difference between the total assets of the Fund (including any assets attributable to leverage for investment purposes) attributable to an Allocated Sleeve and the total liabilities of the Fund (excluding liabilities incurred in connection with leverage for investment purposes) attributable to such Allocated Sleeve, determined at the close of the last business day of each week, for each week which ends during the quarter. Such fee shall beshallbe payable for each quarter within 30 days after the close of such quarter. As used in this Section 3, “leverage for investment purposes” means any incurrence of indebtedness the proceeds of which are to be invested in accordance with the Fund’s investment objective. For purposes of calculating Average Weekly Assets, liabilities associated with any instruments or transactions used to leverage the Fund’s portfolio for investment purposes (whether or not such instruments or transactions are “covered” within the meaning of the Investment Company Act of 1940 and the rules and regulations thereunder, giving effect to any interpretations of the Securities and Exchange Commission and its staff) are not considered liabilities. For purposes of calculating Average Weekly Assets, the total assets of the Fund will be deemed to include (a) any proceeds from the sale or transfer of an asset (the “Underlying Asset”) of the Fund to a counterparty in a reverse repurchase or dollar roll transaction and (b) the value of such Underlying Asset as of the relevant measuring date. In the event that the Manager’s management fee from any of Putnam High Income Securities Fund, Putnam Master Intermediate Income Trust or Putnam Premier Income Trust is reduced pursuant to the investment management contract between such Fund and the Manager because during any Measurement Period (as defined below) the amount of interest payments and fees with respect to indebtedness or other obligation of the Fund incurred for investment leverage purposes, plus additional expenses attributable to any such leverage for investment purposes, exceeds the portion of the Fund’s net income and net short-term capital gains (but not long-term capital gains) accruing during such Measurement Period as a result of the fact that such indebtedness or other obligation was outstanding during the Measurement Period, the fee payable to the Sub-Manager with respect to such Fund shall be reduced in the same proportion as the fee paid to the Manager with respect to such Fund is so reduced. “Measurement Period” shall be any period for which payments of interest or fees (whether designated as such or implied) are payable in connection with any indebtedness or other obligation of the Fund incurred for investment purposes. If the Sub-Manager shall serve for less than the whole of a quarter, the foregoing compensation shall be prorated. 4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTS OF THIS CONTRACT. This Contract shall automatically terminate without the payment of any penalty, in the event of its assignment; and this Contract shall not be amended with respect to any Allocated Sleeve unless such amendment be approved at a meeting by the vote, cast in person at a meeting called for the purpose of voting on such approval, of a majority of the Trustees of the related Fund who are not interested persons of such Fund or of the Manager.
5. EFFECTIVE PERIOD AND TERMINATION OFTHIS CONTRACT. This Contract shall become effective upon its execution, and shall remain in full force and effect continuously thereafter (unless terminated automatically as set forth in Section 4) until terminated as follows: (a) Either party hereto or, with respect to any Allocated Sleeve, the related Fund may at any time terminate this Contract by not more than sixty days’ nor less than thirty days’ written notice delivered or mailed by registered mail, postage prepaid, to the other party, or (b) With respect to any Allocated Sleeve, if (i) the Trustees of the related Fund or the shareholders by the affirmative vote of a majority of the outstanding shares of such Fund, and (ii) a majority of the Trustees of such Fund who are not interested persons of such Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval, do not specifically approve at least annually the continuance of this Contract, then this Contract shall automatically terminate at the close of business on the anniversary of its execution, or upon the expiration of one year from the effective date of the last such continuance, whichever is later, or (c) With respect to any Allocated Sleeve, automatically upon termination of the Manager’s investment management contract with the related Fund. Action by a Fund under (a) above may be taken either (i) by vote of a majority of its Trustees, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty. 6. CERTAIN DEFINITIONS. For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares of a Fund” means the affirmative vote, at a duly called and held meeting of shareholders of such Fund, (a) of the holders of 67% or more of the shares of such Fund present (in person or by proxy) and entitled to vote at such meeting, if the holders of more than 50% of the outstanding shares of such Fund entitled to vote at such meeting are present in person or by proxy, or (b) of the holders of more than 50% of the outstanding shares of such Fund entitled to vote at such meeting, whichever is less. For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” shall have their respective meanings defined in the United States Investment Company Act of 1940 and the Rules and Regulations thereunderthere-under (the “1940 Act”), subject, however, to such exemptions as may be granted by the Securities and Exchange Commission under said Act; the term “specifically approve at least annually” shall be construed in a manner consistent with the 1940 Act, and theandthe Rules and Regulations thereunder; and the term “brokerage and research services” shall have the meaning given in theUnitedthe United States Securities Exchange Act of 1934 and the Rules and Regulations thereunder. 7. NON-LIABILITY OF SUB-MANAGER. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Manager, or reckless disregard of its obligations and duties hereunder, the Sub-Manager shall not be subject to any liability to the Manager, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder. 8. ADDITIONAL PROVISIONS. (a) The Sub-Manager represents that it is regulated by the FCA in the conduct of its investment business. The Sub-Manager has in operation a written procedure in accordance with FCA rules for the effective consideration and proper handling of complaints from customers. Any complaint by the Manager or any Fund should be sent to the Compliance Officer of the Sub-Manager. The Manager and any Fund is also entitled to make any complaints about the Sub-Manager to the Financial Ombudsman Service established by the FCA. The Manager and any Fund may also request a statement describing its rights to compensation in the event of the Sub-Manager’s inability to meet its liabilities. (b) The Manager represents that it and each Fund are “Professional Customers” in the meaning of the FCA’s rules. (c) Although each Fund is not a party hereto and shall have no responsibility for the Manager’s or the Sub-Manager’s obligations hereunder, each Fund is named as explicit third party beneficiary of the parties’ agreements hereunder. IN WITNESS WHEREOF, PUTNAM INVESTMENTS LIMITED and PUTNAM INVESTMENT MANAGEMENT, LLC have each caused this instrument to be signed in duplicate on its behalf by an officer duly authorized, all as of the day and year first above written. PUTNAM INVESTMENTS LIMITED
| | PUTNAM INVESTMENTS LIMITED | | | | By: ________________________________________ | /s/ Joseph T. Phoenix | | ___________________________ | | Joseph T. Phoenix | | Director | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | By: | | By: | /s/ James P. Pappas | | ___________________________ | | James P. Pappas | | Director of Trustee Relations and Authorized Person |
Schedule A
(List of Putnam Funds updated through July 1, 2013)
Putnam Absolute Return 100 Fund Putnam Absolute Return 300 Fund Putnam Absolute Return 500 Fund Putnam Absolute Return 700 Fund Putnam American Government Income Fund Putnam AMT-Free Municipal Fund Putnam Arizona Tax Exempt Income Fund Putnam Asia Pacific Equity Fund Putnam California Tax Exempt Income Fund Putnam Capital Spectrum Fund Putnam Capital Opportunities Fund Putnam Convertible Securities Fund Putnam Diversified Income Trust Putnam Dynamic Asset Allocation Balanced Fund Putnam Dynamic Asset Allocation Conservative Fund Putnam Dynamic Asset Allocation Equity Fund Putnam Dynamic Asset Allocation Growth Fund Putnam Dynamic Risk Allocation Fund Putnam Equity Income Fund Putnam Emerging Markets Equity Fund Putnam Emerging Markets Income Fund Putnam Europe Equity Fund Putnam Equity Spectrum Fund Putnam Floating Rate Income Fund The Putnam Fund for Growth and Income The George Putnam Fund of Boston (d/b/a George Putnam Balanced Fund) Putnam Global Consumer Fund Putnam Global Dividend Fund Putnam Global Energy Fund Putnam Global Equity Fund Putnam Global Financials Fund Putnam Global Health Care Fund Putnam Global Income Trust Putnam Global Industrials Fund Putnam Global Natural Resources Fund Putnam Global Sector Fund Putnam Global Technology Fund Putnam Global Telecommunications Fund Putnam Global Utilities Fund Putnam Growth Opportunities Fund Putnam High Income Securities Fund Putnam High Yield Advantage Fund Putnam High Yield Trust Putnam Income Fund Putnam Intermediate-Term Municipal Income Fund Putnam International Capital Opportunities Fund Putnam International Equity Fund Putnam International Growth Fund
Putnam International Value Fund Putnam Investors Fund Putnam Low Volatility Equity Fund Putnam Managed Municipal Income Trust Putnam Massachusetts Tax Exempt Income Fund Putnam Master Intermediate Income Trust Putnam Michigan Tax Exempt Income Fund Putnam Minnesota Tax Exempt Income Fund Putnam Money Market Fund Putnam Money Market Liquidity Fund Putnam Mortgage Recovery Fund Putnam Multi-Cap Core Fund Putnam Multi-Cap Growth Fund Putnam Multi-Cap Value Fund Putnam Municipal Opportunities Trust Putnam New Jersey Tax Exempt Income Fund Putnam New York Tax Exempt Income Fund Putnam Ohio Tax Exempt Income Fund Putnam Pennsylvania Tax Exempt Income Fund Putnam Premier Income Trust Putnam Research Fund Putnam RetirementReady 2055 Fund Putnam RetirementReady 2050 Fund Putnam RetirementReady 2045 Fund Putnam RetirementReady 2040 Fund Putnam RetirementReady 2035 Fund Putnam RetirementReady 2030 Fund Putnam RetirementReady 2025 Fund Putnam RetirementReady 2020 Fund Putnam RetirementReady 2015 Fund Putnam Retirement Income Fund Lifestyle 1 Putnam Retirement Income Fund Lifestyle 2 Putnam Retirement Income Fund Lifestyle 3 Putnam Short Duration Income Fund Putnam Short Term Investment Fund Putnam Short-Term Municipal Income Fund Putnam Small Cap Growth Fund Putnam Small Cap Value Fund Putnam Strategic Volatility Equity Fund Putnam Tax Exempt Income Fund Putnam Tax Exempt Money Market Fund Putnam Tax-Free High Yield Fund Putnam U.S. Government Income Trust Putnam Voyager Fund Putnam VT Absolute Return 500 Fund Putnam VT American Government Income Fund Putnam VT Capital Opportunities Fund Putnam VT Diversified Income Fund Putnam VT Equity Income Fund Putnam VT George Putnam Balanced Fund Putnam VT Global Asset Allocation Fund Putnam VT Global Equity Fund
Putnam VT Global Health Care Fund Putnam VT Global Utilities Fund Putnam VT Growth and Income Fund Putnam VT Growth Opportunities Fund
Putnam VT High Yield Fund Putnam VT Income Fund Putnam VT International Equity Fund Putnam VT International Value Fund Putnam VT International Growth Fund Putnam VT Investors Fund Putnam VT Money Market Fund Putnam VT Multi-Cap Growth Fund Putnam VT Multi-Cap Value Fund Putnam VT Research Fund Putnam VT Small Cap Value Fund Putnam VT Voyager Fund PUTNAM INVESTMENTS LIMITED
| | PUTNAM INVESTMENTS LIMITED | | | | | By: __________________________________ | /s/ Joseph T. Phoenix | | ___________________________ | | Joseph T. Phoenix | | Director | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | By: __________________________________ | /s/ James P. Pappas | | ___________________________ | | James P. Pappas | | Director of Trustee Relations and Authorized Person |
| PUTNAM FUNDS | SUB-ADVISORY CONTRACT |
This Sub-Advisory Contract is dated as of July 1, 2013 between and among PUTNAM INVESTMENT MANAGEMENT, LLC, a Delaware limited liability company (the “Manager”), PUTNAM INVESTMENTS LIMITED, a company organized under the laws of England and Wales (“PIL”), and THE PUTNAM ADVISORY COMPANY, LLC, a Delaware limited liability company (the “Sub-Advisor”). WHEREAS, the Manager is the investment manager of each of the investment companies registered under the United States Investment Company Act of 1940, as amended, that are identified onSchedule Ahereto, as they may from time to time be amended by the Manager (the “Funds”), and a registered investment adviser under the United States Investment Advisers Act of 1940, as amended; WHEREAS, PIL is a registered investment adviser under the United States Investment Advisers Act of 1940, as amended, is licensed as an investment manager by the Financial Conduct Authority of the United Kingdom (the “FCA”) and is a sub-manager of each of the Funds pursuant to that certain Sub-Management Contract dated as of July 1, 2013 (the “PIL Sub-Management Contract”), between the Manager and PIL whereby the Manager has contracted with PIL for themanagementthe management of certain portions of each of the Funds (each, a “PIL-Advised Sleeve”); WHEREAS, the Sub-Advisor is a registered investment adviser under the United States Investment Advisers Act of 1940, as amended, and is an investment adviser authorized to provide discretionary investment advice and management in Singapore; WHEREAS, the Manager and PIL currently engage the Sub-Advisor from time to time to provide discretionary investment management services from the Sub-Advisor’s office in Singapore with respect to a portion of certain of the Funds: NOW THEREFORE, in consideration of the mutual covenants herein contained, it is agreed as follows: 1. SERVICES TO BE RENDERED BY SUB-ADVISOR. (a) The Sub-Advisor, at its expense, will furnish continuously an investment program for that portion of any Fund identified onSchedule Athe management of which is allocated from time to time by the Manager or PIL to the Sub-Advisor (an “Allocated Sleeve”). The Manager or PIL, as the case may be, shall, in its sole discretion, determine which Funds will have an Allocated Sleeve and the amount of assets allocated from time to time to each such Allocated Sleeve; provided that, with respect to any Fund, the Trustees of such Fund must have approved the use of the Sub-Advisor prior to the creation of an Allocated Sleeve for such Fund. The Sub-Advisor will determine what investments shall be purchased, held, sold or exchanged by any Allocated Sleeve and what portion, if any, of the assets of the Allocated Sleeve shall be held uninvested and shall, on behalf of the Fund, make changes in the Fund’s investments held in such Allocated Sleeve. (b) The Manager may, and in the case of a PIL-Advised Sleeve, PIL may, each at its discretion, also request the Sub-Advisor to provide assistance with purchasing and selling securities for any Fund, including the placement of orders with broker-dealers selected in accordance with Section 1(c), even if the Manager or PIL, as the case may be, has not established an Allocated Sleeve for such Fund. (c) The Sub-Advisor shall place all orders for the purchase and sale of portfolio investments for any Allocated Sleeve with brokers or dealers selected by the Sub-Advisor. In the selection of such brokers or dealers and the placing of such
orders, the Sub-Advisor shall use its best efforts to obtain for the related Fund the most favorable price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Sub-Advisor, bearing in mind the Fund’s best interests at all times, shall consider all factors it deems relevant, including by way of illustration, price, the size of the transaction, the nature of the market for the security, the amount of the commission, the timing of the transaction taking into account market prices and
trends, the reputation, experience and financial stability of the broker or dealer involved and the quality of service rendered by the broker or dealer in other transactions. Subject to such policies as the Trustees of the Funds may determine, the Sub-Advisor shall not be deemed to have acted unlawfully or to have breached any duty created by this Contract or otherwise solely by reason of its having caused a Fund to pay a broker or dealer that provides brokerage and research services to the Manager or, in the case of a PIL-Advised Sleeve, PIL, or the Sub-Advisor an amount of commission for effecting a portfolio investment transaction in excess of the amount of commission another broker or dealer would have charged for effecting that transaction, if the Sub-Advisor determines in good faith that such amount of commission was reasonable in relation to the value of the brokerage and research services provided by such broker or dealer, viewed in terms of either that particular transaction or its overall responsibilities with respect to the Fund and to other clients of the Manager or PIL, as the case may be, or the Sub-Advisor as to which the Manager or PIL, as the case may be, or the Sub-Advisor exercises investment discretion. The Sub-Advisor agrees that in connection with purchases or sales of portfolio investments for any Fund, neither the Sub-Advisor nor any officer, director, employee or agent of the Sub-Advisor shall act as a principal or receive any commission other than as provided in Section 3. (d) The Sub-Advisor at its expense will furnish all necessary investment and management facilities, including salaries of personnel, required for it to execute its duties faithfully. (e) The Sub-Advisor shall not be obligated to pay any expenses of or for the Manager, PIL or any Fund not expressly assumed by the Sub-Advisor pursuant to this Section 1. (f) In the performance of its duties, the Sub-Advisor will comply with the provisions of the Agreement and Declaration of Trust and By-Laws of each applicable Fund and such Fund’s stated investment objectives, policies and restrictions, and will use its best efforts to safeguard and promote the welfare of such Fund and to comply with other policies which the Manager, PIL or the Trustees may from time to time determine and shall exercise the same care and diligence expected of the Manager and PIL. 2. OTHER AGREEMENTS, ETC. It is understood that any of the shareholders, Trustees, officers and employees of a Fund may be a shareholder, director, officer or employee of, or be otherwise interested in, the Sub-Advisor, and in any person controlled by or under common control with the Sub-Advisor, and that the Sub-Advisor and any person controlled by or under common control with the Sub-Advisor may have an interest in such Fund. It is also understood that the Sub-Advisor and any person controlled by or under common control with the Sub-Advisor have and may have advisory, management, service or other contracts with other organizations and persons, and may have other interests and business. 3. COMPENSATION. Except as provided below, the Manager or PIL, as the case may be, will pay to the Sub-Advisor as compensation for the Sub-Advisor’s services rendered a fee, computed and paid quarterly at the annual rate of 0.35% per annum of average net asset value of the assets in each Allocated Sleeve of Funds identified onSchedule A. Such average net asset value shall be determined by taking an average of all of the determinations of such net asset value during a quarter at the close of business on each business day during such quarter while this Contract is in effect. Such fee shall be payable for each quarter within 30 days after the close of such quarter. The Sub-Advisor shall look only to the Manager or PIL, as the case may be, for payment of its fees. No Fund shall have any responsibility for paying any fees due the Sub-Advisor. If the Sub-Advisor shall serve for less than the whole of a quarter, the foregoing compensation shall be prorated. 4. ASSIGNMENT TERMINATES THIS CONTRACT; AMENDMENTS OF THIS CONTRACT. This Contract shall automatically terminate, without the payment of any penalty, in the event of its assignment; and this Contract shall not be amended with respect to any Allocated Sleeve unless such amendment be approved at a meeting by the vote, cast in person at a meeting called for the purpose of voting on such approval, of a majority of the Trustees of the related Fund who are not interested persons of such Fund or of the Manager. 5. EFFECTIVE PERIOD AND TERMINATION OFTHIS CONTRACT. This Contract shall become effective upon its execution, and shall remain in full force and effect continuously thereafter (unless terminated automatically as set forth in Section 4) until terminated as follows: (a) Any party hereto or, with respect to any Allocated Sleeve, the related Fund may at any time terminate this Contract by not more than sixty days’ nor less than thirty days’ written notice
delivered or mailed by registered mail, postage prepaid, to the other parties, or (b) With respect to any Allocated Sleeve, if (i) the Trustees of the related Fund or the shareholders by the affirmative vote of a majority of the outstanding shares of such Fund, and (ii) a majority of the Trustees of such Fund who are not interested persons of such Fund or of the Manager, by vote cast in person at a meeting called for the purpose of voting on such approval, do not specifically approve at least annually the continuance of this Contract, then this Contract shall automatically terminate at the close of business on the anniversary of its execution, or upon the expiration of one year from the effective date of the last such continuance, whichever is later, or
(c) With respect to any Allocated Sleeve, automatically upon termination of the Manager’s investment management contract with the related Fund, or with respect to any Allocated Sleeve for which PIL has contracted with the Sub-Advisor to provide services under this Contract, automatically upon termination of the PIL Sub-Management Contract. Action by a Fund under (a) above may be taken either (i) by vote of a majority of its Trustees, or (ii) by the affirmative vote of a majority of the outstanding shares of such Fund. Termination of this Contract pursuant to this Section 5 will be without the payment of any penalty. 6. CERTAIN DEFINITIONS. For the purposes of this Contract, the “affirmative vote of a majority of the outstanding shares of a Fund” means the affirmative vote, at a duly called and held meeting of shareholders of such Fund, (a) of the holders of 67% or more of the shares of such Fund present (in person or by proxy) and entitled to vote at such meeting, if the holders of more than 50% of the outstanding shares of such Fund entitled to vote at such meeting are present in person or by proxy, or (b) of the holders of more than 50% of the outstanding shares of such Fund entitled to vote at such meeting, whichever is less. For the purposes of this Contract, the terms “affiliated person,” “control,” “interested person” and “assignment” shall have their respective meanings defined in the United States Investment Company Act of 1940 and the Rules and Regulations there-under (the “1940 Act”), subject, however, to such exemptions as may be granted by the Securities and Exchange Commission under said Act; and the term “specifically approve at least annually” shall be construed in a manner consistent with the 1940 Act, and the Rules and Regulations thereunder. 7. NON-LIABILITY OF SUB-ADVISOR. In the absence of willful misfeasance, bad faith or gross negligence on the part of the Sub-Advisor, or reckless disregard of its obligations and duties hereunder, the Sub-Advisor shall notshallnot be subject to any liability to the Manager, PIL, any Fund or to any shareholder of any Fund, for any act or omission in the course of, or connected with, rendering services hereunder. 8. ADDITIONAL PROVISIONS. (a) PIL represents that it is regulated by the FCA in the conduct of its investment business. PIL has in operation a written procedure in accordance with FCA rules for the effective consideration and proper handling of complaints from customers. Any complaint by the Manager or any Fund should be sent to the Compliance Officer of PIL. The Manager and any Fund is also entitled to make any complaints about PIL to the Financial Ombudsman Service established by the FCA. The Manager and any Fund may also request a statement describing its rights to compensation in the event of PIL’s inability to meet its liabilities. (b) The Manager represents that it and each Fund are “Professional Customers” in the meaning of the FCA’s rules. (c) Although each Fund is not a party hereto and shall have no responsibility for the Manager’s, PIL’s or the Sub-Advisor’s obligations hereunder, each Fund is named as explicit third party beneficiary of the parties’ agreements hereunder. In witness whereof, PUTNAM INVESTMENT MANAGEMENT, LLC, PUTNAM INVESTMENTS LIMITED and THE PUTNAM ADVISORY COMPANY, LLC have each caused this instrument to be signed on its behalf by an officer duly authorized, all as of the day and year first above written. PUTNAM INVESTMENTS LIMITED
| | PUTNAM INVESTMENTS LIMITED | | | | | By:____________________________________ | /s/ Joseph T. Phoenix | | ___________________________ | | Joseph T. Phoenix | | Director | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | | | | By: ____________________________________ | /s/ James P. Pappas | | ___________________________ | | James P. Pappas | | Director of Trustee Relations and Authorized Person | | | | | THE PUTNAM ADVISORY COMPANY, LLC | | | | By: | /s/ James F. Clark | | ___________________________ | | James F. Clark | | Associate General Counsel |
| Schedule A | (List of Putnam Funds updated through July 1, 2013) | | Putnam Absolute Return 100 Fund | Putnam Absolute Return 300 Fund | Putnam Absolute Return 500 Fund | Putnam Absolute Return 700 Fund | Putnam Asia Pacific Equity Fund | Putnam Capital Spectrum Fund | Putnam Dynamic Asset Allocation Balanced Fund | Putnam Dynamic Asset Allocation Conservative Fund | Putnam Dynamic Asset Allocation Equity Fund | Putnam Dynamic Asset Allocation Growth Fund | Putnam Emerging Markets Equity Fund | Putnam Equity Spectrum Fund | Putnam Europe Equity Fund | Putnam Global Consumer Fund | Putnam Global Dividend Fund | Putnam Global Energy Fund | Putnam Global Equity Fund | Putnam Global Financials Fund | Putnam Global Health Care Fund |
| Putnam Global Industrials Fund | Putnam Global Natural Resources Fund | Putnam Global Sector Fund | Putnam Global Technology Fund | Putnam Global Telecommunications Fund | Putnam Global Utilities Fund | Putnam International Equity Fund | Putnam International Growth Fund | Putnam International Value Fund | Putnam Research Fund | Putnam Retirement Income Fund Lifestyle 2 | Putnam Retirement Income Fund Lifestyle 3 | Putnam VT Absolute Return 500 Fund | Putnam VT Global Asset Allocation Fund | Putnam VT Global Equity Fund | Putnam VT Global Health Care Fund | Putnam VT Global Utilities Fund | Putnam VT International Equity Fund | Putnam VT International Growth Fund | Putnam VT International Value Fund | Putnam VT Research Fund |
PUTNAM INVESTMENTS LIMITEDSchedule A
(List of Putnam Funds updated through July 1, 2013)
Putnam Absolute Return 100 Fund Putnam Absolute Return 300 Fund Putnam Absolute Return 500 Fund Putnam Absolute Return 700 Fund Putnam Asia Pacific Equity Fund Putnam Capital Spectrum Fund Putnam Dynamic Asset Allocation Balanced Fund Putnam Dynamic Asset Allocation Conservative Fund Putnam Dynamic Asset Allocation Equity Fund Putnam Dynamic Asset Allocation Growth Fund Putnam Emerging Markets Equity Fund Putnam Equity Spectrum Fund Putnam Europe Equity Fund Putnam Global Consumer Fund Putnam Global Dividend Fund Putnam Global Energy Fund Putnam Global Equity Fund Putnam Global Financials Fund Putnam Global Health Care Fund Putnam Global Industrials Fund Putnam Global Natural Resources Fund Putnam Global Sector Fund Putnam Global Technology Fund Putnam Global Telecommunications Fund Putnam Global Utilities Fund Putnam International Equity Fund Putnam International Growth Fund Putnam International Value Fund Putnam Research Fund Putnam Retirement Income Fund Lifestyle 2 Putnam Retirement Income Fund Lifestyle 3 Putnam VT Absolute Return 500 Fund Putnam VT Global Asset Allocation Fund Putnam VT Global Equity Fund Putnam VT Global Health Care Fund Putnam VT Global Utilities Fund Putnam VT International Equity Fund Putnam VT International Growth Fund Putnam VT International Value Fund Putnam VT Research Fund
| | PUTNAM INVESTMENTS LIMITED | | | | By:____________________________________ | /s/ Joseph T. Phoenix | | ___________________________ | | Joseph T. Phoenix | | Director | | | | | PUTNAM INVESTMENT MANAGEMENT, LLC | | By:____________________________________ | | By: | /s/ James P. Pappas | | ___________________________ | | James P. Pappas | | Director of Trustee Relations and Authorized Person | | | | | THE PUTNAM ADVISORY COMPANY, LLC | | | | By: | /s/ James F. Clark | | ___________________________ | | James F. Clark | | Associate General Counsel |
Appendix F — Description of Contract Approval Process Previous approval of management contracts The approval by the Trustees in November 2013 of the proposed management contracts for your funds was preceded by their approval of interim management contracts in October 2013 and by their approval in June 2013 of the continuance of the currentmanagementcurrent management contracts. The discussion below summarizes the principal factors considered by the Trustees in approving the continuance of the current management contracts in June 2013. General conclusions The Board of Trustees of the Putnam funds oversees the management of each fund and, as required by law, determines annually whether to approve the continuance of your fund’s management contract with Putnam Investment Management (“Putnam Management”), the sub-management contract with respect to your fund between Putnam Management and its affiliate, Putnam Investments Limited (“PIL”), and (for applicable funds) the sub-advisory contract among Putnam Management, PIL, and another affiliate, The Putnam Advisory Company (“PAC”). The Board of Trustees, with the assistance of its Contract Committee, requests and evaluates all information it deems reasonably necessary under the circumstances in connection with its annual contract review. The Contract Committee consists solely of Trustees who are not “interested persons” (as this term is defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Putnam funds (“Independent Trustees”). At the outset of the review process, members of the Board’s independent staff and independent legal counsel met with representatives of Putnam Management to review the annual contract review materials furnished to the Contract Committee during the course of the previous year’s review and to discuss possible changes in these materials that might be necessary or desirable for the coming year. Following these discussions and in consultation with the Contract Committee, the Independent Trustees’ independent legal counsel requested that Putnam Management furnish specified information, together with any additional information that Putnam Management considered relevant, to the Contract Committee. Over the course of several months ending in June 2013, the Contract Committee met on a number of occasions with representatives of Putnam Management, and separately in executive session, to consider the information that Putnam Management provided. Throughout this process, the Contract Committee was assisted by the members of the Board’s independent staff and by independent legal counsel for the Putnam funds and the Independent Trustees. In May 2013, the Contract Committee met in executive session to discuss and consider its preliminary recommendations with respectwithrespect to the continuance of the contracts. At the Trustees’ June 20, 2013 meeting, the Contract Committee met in executive session with the other Independent Trustees to review a summary of the key financial data that the Contract Committee considered in the course of its review. The Contract Committee then presented its written report, which summarized the key factors that the Committee had considered and set forth its final recommendations. The Contract Committee then recommended, and the Independent Trustees approved, the continuance of your fund’s management, sub-management and (for applicable funds) sub-advisory contracts, effective
July 1, 2013, subject to certain changes in the sub-management and sub-advisory contracts noted below. (Because PIL and PAC are affiliates of Putnam Management and Putnam Management remains fully responsible for all services provided by PIL and PAC, the Trustees have not evaluated PIL or PAC as separate entities, and all subsequent references to Putnam Management below should be deemed to include reference to PIL and PAC as necessary or appropriate in the context.) The Independent Trustees’ approval was based on the following conclusions: • That the fee schedule in effect for your fund represented reasonable compensation in light of the nature and quality of the services being provided to the fund, the fees paid by competitive funds, and the costs incurred by Putnam Management in providing services to the fund, and • That the fee schedule represented an appropriate sharing between fund shareholders and Putnam Management of such economies of scale as may exist in the management of the fund at current asset levels. These conclusions were based on a comprehensive consideration of all information provided to the Trustees and were not the result of any single factor. Some of the factors that figured particularly in the Trustees’ deliberations and how the Trustees considered these factors are described below, although individual Trustees may have evaluated the information presented differently, giving different weights to various factors. It is also important to recognize that the management arrangements for your fund and the other Putnam funds are the result of many years of review and discussion between the Independent Trustees and Putnam Management, that some aspects of the arrangements may receive greater scrutiny in some years than others, and that the Trustees’ conclusions may be based, in part, on their consideration of fee arrangements in previous years. For example, with some minor exceptions, the current fee arrangements in the management contracts for the Putnam funds were implemented at the beginning of 2010 following extensive review and discussion by the Trustees, as well as approval by shareholders.
As noted above, the Trustees considered certain administrative revisions to your fund’s sub-management and sub-advisory contracts. Putnam Management recommended that the sub-management contract be revised to reduce the sub-management fee that Putnam Management pays to PIL with respect to the portion of the portfolios of certain funds that may be allocated to PIL from time to time. Putnam Management also recommended that the sub-advisory contract be revised to reflect the closure of PAC’s Tokyo office and the termination of PAC’s non-discretionary investment adviser’s license with respect to that office. The Independent Trustees’ approval of these recommendations was based on their conclusion that these changes would have no practical effect on Putnam Management’s continued responsibility for the management oftheseof these funds or the costs borne by fund shareholders and would not result in any reduction in the nature and quality of services provided to the funds. Management fee schedules and total expenses The Trustees reviewed the management fee schedules in effect for all Putnam funds, including fee levels and breakpoints. The Trustees also reviewed the total expenses of each Putnam fund, recognizing that in most cases management fees represented the major, but not the sole, determinant of total costs to shareholders. In reviewing fees and expenses, the Trustees generally focus their attention on material changes in circumstances — for example, changes in assets under management, changes in a fund’s investment style, changes in Putnam Management’s operating costs or profitability, or changes in competitive practices in the mutual fund industry — that suggest that consideration of fee changes might be warranted. The Trustees concluded that the circumstances did not warrant changes to the management fee structure of any fund. Under its management contract, the open-end funds have the benefit of breakpoints in their management fee schedules that provide shareholders with economies of scale in the form of reduced fee levels as assets under management in the Putnam family of funds increase, and each closed-end funds have the benefit of breakpoints in their management fee schedules that provide shareholders with economies of scale in the form of reduced fee levels as the fund’s assets increase. The Trustees concluded that the fee schedule in effect for your fund represented an appropriate sharing of economies of scale between fund shareholders and Putnam Management. In addition, certain fund’s management contracts provides that the fund’s management fees will be adjusted up or down depending upon whether the fund’s performance is better or worse than the performance of an appropriate index of securities prices specified in the management contract. In the course of reviewing investment performance, the Trustees examined theexaminedthe operation of those fund’s performance fees and concluded that the fees were operating effectively to align further Putnam Management’s economic interests with those of the fund’s shareholders. As in the past, the Trustees also focused on the competitiveness of each fund’s total expense ratio. In order to ensure that expenses of the Putnam funds continue to meet competitive standards, the Trustees and Putnam Management have implemented certain expense limitations. These expense limitations were: (i) a contractual expense limitation applicable to all retail open-end funds of 32 basis points on investor servicing fees and expenses and (ii) a contractual expense limitation applicable to all open-end funds of 20 basis points on so-called “other expenses” (i.e., all expenses exclusive of management fees, investor servicing fees, distribution fees, investment-related expenses, interest, taxes, brokerage commissions, extraordinary
expenses and acquired fund fees and expenses). These expense limitations serve in particular to maintain competitive expense levels for funds with large numbers of small shareholder accounts and funds with relatively small net assets. Most funds had sufficiently low expenses that these expense limitations did not apply. Putnam Management’s support for these expense limitations, including its agreement to reduce the expense limitation applicable to the open-end funds’ investor servicing fees and expenses as noted above, was an important factor in the Trustees’ decision to approve the continuance of your fund’s management, sub-management and sub-advisory contracts. The Trustees reviewed comparative fee and expense information for competitive funds, which indicated that, in a custom peer group of competitive funds selected by Lipper Inc. (determined for each Putnam fund and the other funds in the custom peer group based on fund asset size and the applicable contractual management fee schedule), each Putnam fund ranked in particular percentiles in management fees and total expenses (excluding any applicable 12b-1 fees for open-end funds and excluding charges and expenses at the insurance company separate account level for the funds of Putnam Variable Trust) as of December 31, 2012 (the first quintile representing the least expensive funds and the fifth quintile the most expensive funds). (The comparative fee and expense information for Putnam Global Sector Fund, Putnam Retirement Income Fund Lifestyle 1, Putnam Retirement Income Fund Lifestyle 2, Putnam Retirement Income Fund Lifestyle 3 and each Putnam RetirementReady Fund included the fees and expenses of the underlying Putnam funds in which these funds invested, as well as the fees and expenses of the underlying funds in which each fund in these funds’ Lipper peer group invested.) The fee and expense data reported by Lipper as of December 31, 2012 reflected the most recent fiscal year-end data available in Lipper’s database at that time.
In connection with their review of the management fees and total expenses of the Putnam funds, the Trustees also reviewed the costs of the services provided and the profits realized by Putnam Management and its affiliates from their contractual relationships with the funds. This information included trends in revenues, expenses and profitability of Putnam Management and its affiliates relating to the investment management, investor servicing and distribution services provided to the funds. In this regard, the Trustees also reviewed an analysis of Putnam Management’s revenues, expenses and profitability, allocated on a fund-by-fund basis, with respect to the funds’ management, distribution, and investor servicing contracts. For each fund, the analysis presented information about revenues, expenses and profitability for each of the agreements separately and for the agreements taken together on a combined basis. The Trustees concluded that, at current asset levels, the fee schedules in place represented reasonable compensation for the services being provided and represented an appropriate sharing of such economies of scale as may exist in the management of the Putnam funds at that time. The information examined by the Trustees as part of their annual contract review for the Putnam funds has included for many years information regarding fees charged by Putnam Management and its affiliates to institutional clients such as defined benefit pension plans, college endowments, and the like. This information included comparisons of those fees with fees charged to the funds, as well as an assessment of the differences in the services provided to these different types of clients. The Trustees observed that the differences in fee rates between institutional clients and mutual funds are by no means uniform when examined by individual asset sectors, suggesting that differences in the pricing of investment management services to these types of clients may reflect historical competitive forces operating in separate markets. The Trustees considered the fact that in many cases fee rates across different asset classes are higher on average for mutual funds than for institutional clients, as well as the differences between the services that Putnam Management provides to the Putnam funds and those that it provides to its institutional clients. The Trustees did not rely on these comparisons to any significant extent in concluding that the management fees paid by your fund are reasonable. Investment performance The quality of the investment process provided by Putnam Management represented a major factor in the Trustees’ evaluation of the quality of services provided by Putnam Management under your fund’s management contract. The Trustees were assisted in their review of the Putnam funds’ investment process and performance by the work of the investment oversight committees of the Trustees, which meet on a regular basis with the funds’ portfolio teams and with the Chief Investment Officer andOfficerand other senior members of Putnam Management’s Investment Division throughout the year. The Trustees concluded that Putnam Management generally provides a high-quality investment process — based on the experience and skills of the individuals assigned to the management of fund portfolios, the resources made available to them, and in general Putnam Management’s ability to attract and retain high-quality personnel — but also recognized that this does not guarantee favorable investment results for every fund in every time period. The Trustees considered that 2012 was a year of strong competitive performance for many of the Putnam funds, with only a relatively small number of exceptions. They noted that this strong performance was exemplified by the fact that the Putnam funds were recognized by Barron’s as the best performing mutual fund complex for 2012 — the second time in four years that Putnam Management has achieved this distinction for the Putnam funds. They also noted, however, the disappointing investment performance of some funds for periods ended December 31, 2012 and considered information provided by Putnam Management regarding the factors contributing to the underperformance and actions being taken to improve the performance of these particular funds. The Trustees indicated their intention to continue to monitor performance trends to assess the effectiveness of these efforts
and to evaluate whether additional actions to address areas of underperformance are warranted. For purposes of evaluating investment performance, the Trustees generally focus on competitive industry rankings for the one-year, three-year, and five-year periods. For a number of Putnam funds with relatively unique investment mandates, the Trustees evaluated performance based on comparisons of their absolute gross returns with the returns of selected investment benchmarks or targeted annualized returns. The Trustees also considered a number of other changes that Putnam Management had made in recent years in efforts to support and improve fund performance generally. These changes included Putnam Management’s efforts to increase accountability and to reduce complexity in the portfolio management process for the Putnam equity funds by moving generally from a portfolio management team structure to a decision-making process that vests full authority and responsibility with individual portfolio managers and by affirming its commitment to a fundamental-driven approach to investing. The Trustees noted that Putnam Management had also worked to strengthen its fundamental research capabilities by adding new investment personnel to the large-cap equities research team and by bringing U.S. and international research under common leadership. In addition, the Trustees recognized that Putnam Management has adjusted the compensation structure for portfolio managers and research analysts so that only those
who achieve top-quartile returns over a rolling three-year basis are eligible for full bonuses. Brokerage and soft-dollar allocations; investor servicing The Trustees considered various potential benefits that Putnam Management may receive in connection with the services it provides under the management contract with your fund. These include benefits related to brokerage allocation and the use of soft dollars, whereby a portion of the commissions paid by a fund for brokerage may be used to acquire research services that are expected to be useful to Putnam Management in managing the assets of the fund and of other clients. Subject to policies established by the Trustees, soft dollars generated by these means are used primarily to acquire brokerage and research services that enhance Putnam Management’s investment capabilities and supplement Putnam Management’s internal research efforts. However, the Trustees noted that a portion of available soft dollarsbrokerage commissions continues to be used to pay fund expenses. The Trustees indicated their continued intent to monitor regulatory and industry developments in this area with the assistance of their BrokeragetheirBrokerage Committee and also indicated their continued intent to monitor the allocation of the Putnam funds’ brokerage in order to ensure that the principle of seeking best price and execution remains paramount in the portfolio trading process. Putnam Management may also receive benefits from payments that the funds make to Putnam Management’s affiliates forinvestorfor investor or distribution services. In conjunction with the annual review of the funds’ management, sub-management and sub-advisory contracts, the Trustees reviewed the funds’ investor servicing agreement with Putnam Investor Services, Inc. (“PSERV”) and the open-end funds’ distributor’s contracts and distribution plans with Putnam Retail Management Limited Partnership (“PRM”), both of which are affiliates of Putnam Management. The Trustees concluded that the fees payable by the funds to PSERV and PRM, as applicable, for such services are reasonable in relation to the nature and quality of such services, the fees paid by competitive funds, and the costs incurred by PSERV and PRM, as applicable, in providing such services.
Appendix G — Auditors As listed below, the Trustees have selected PricewaterhouseCoopers LLP, 125 High Street, Boston, Massachusetts 02110, or KPMG, 99 High Street, Boston, Massachusetts 02110, as the auditors for each fund’s current fiscal year. These firms are among the country’s preeminent auditors. Each firm was selected primarily on the basis of its expertise as auditors of investment companies, the quality of its audit services and the competitiveness of its fees. Representatives of each of PricewaterhouseCoopers LLP and KPMG LLP are expected to be present at the special meeting and to have the opportunity to make a statement and respond to appropriate questions. A note for funds audited by PricewaterhouseCoopers LLP A non-U.S. member firm in PricewaterhouseCoopers LLP’s global network of firms has an investment in certain non-U.S. funds now affiliated with Putnam Investments as a result of the July 2013 acquisition of the funds’ advisor by Putnam’s parent company, Great-West Lifeco Inc. The investment consists of pension plan assets for the benefit of the member firm’s personnel. The investment is inconsistent with the requirements of the Securities andSecuritiesand Exchange Commission’s auditor independence rules. Your fund has been informed by PwCPricewaterhouseCoopers LLP that to address this issue, the member firm is in the process of selecting different advisors not affiliated with Putnam to manage the relevant pension plans and transferring the plans’ assets to such advisors. None of the member firm’s personnel is on the PricewaterhouseCoopers LLP audit team for your fund, and none of the members of the audit team participates in the member firm’s pension plans. Based on its knowledge of the facts and its experience with PricewaterhouseCoopers LLP, the Audit and Compliance Committee of your fund’s Board of Trustees concluded that the investment by the PricewaterhouseCoopers LLP member firm would not affect PricewaterhouseCoopers LLP’s ability to render an objective audit opinion to your fund. Based on this conclusion and consideration of the potential risks that the disruption of a change of auditors could present, the Audit and Compliance Committee determined that PricewaterhouseCoopers LLP should continue to act as auditors for your fund.
The following table presents fees billed to each indicated fund in each of its last two fiscal years ended prior to October 1, 2013 by PricewaterhouseCoopers LLP: | Fund | | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Absolute Return 500 Fund | | October 31, 2012 | $154,468 | $— | $14,706 | $1,679 | October 31, 2012 | $154,468 | $— | $14,706 | $1,679 |
| | | October 31, 2011 | $149,752 | $— | $10,157 | $— | October 31, 2011 | $149,752 | $— | $10,157 | $— |
| Putnam Absolute Return 700 Fund | | October 31, 2012 | $148,606 | $— | $14,700 | $1,417 | October 31, 2012 | $148,606 | $— | $14,700 | $1,417 |
| | | October 31, 2011 | $159,580 | $— | $9,925 | $— | October 31, 2011 | $159,580 | $— | $9,925 | $— |
| Putnam American Government Income Fund | Putnam American Government Income Fund | September 30, 2013 | $119,789 | $— | $8,976 | $— | September 30, 2013 | $119,789 | $— | $8,976 | $— |
| | | September 30, 2012 | $118,259 | $— | $9,036 | $1,571 | September 30, 2012 | $118,259 | $— | $9,036 | $1,571 |
| Putnam AMT-Free Municipal Fund | | July 31, 2013 | $65,477 | $— | $11,267 | $— | July 31, 2013 | $65,477 | $— | $11,267 | $— |
| | | July 31, 2012 | $60,516 | $— | $11,298 | $799 | July 31, 2012 | $60,516 | $— | $11,298 | $799 |
| Putnam Capital Opportunities Fund | | April 31, 2013 | $62,119 | $— | $5,474 | $— | April 30, 2013 | $62,119 | $— | $5,474 | $— |
| | | April 31, 2012 | $61,723 | $— | $5,416 | $656 | April 30, 2012 | $61,723 | $— | $5,416 | $656 |
| Putnam Capital Spectrum Fund | | April 30, 2013 | $95,656 | $— | $9,549 | $— | April 30, 2013 | $95,656 | $— | $9,549 | $— |
| | | April 31, 2012 | $66,762 | $— | $9,417 | $1,399 | April 30, 2012 | $66,762 | $— | $9,417 | $1,399 |
| Putnam Dynamic Asset Allocation Balanced Fund | Putnam Dynamic Asset Allocation Balanced Fund | September 30, 2013 | $154,835 | $— | $31,190 | $— | September 30, 2013 | $154,835 | $— | $31,190 | $— |
| | | September 30, 2012 | $220,012 | $— | $31,591 | $2,522 | September 30, 2012 | $220,012 | $— | $31,591 | $2,522 |
| Putnam Dynamic Asset Allocation Conservative Fund | Putnam Dynamic Asset Allocation Conservative Fund | September 30, 2013 | $128,446 | $— | $29,790 | $— | September 30, 2013 | $128,446 | $— | $29,790 | $— |
| | | September 30, 2012 | $181,777 | $— | $29,883 | $1,071 | September 30, 2012 | $181,777 | $— | $29,883 | $1,071 |
| Putnam Dynamic Asset Allocation Growth Fund | September 30, 2013 | $161,823 | $— | $34,890 | $— | | Putnam Dynamic Asset Allocation Equity Fund | | May 31, 2013 | $73,558 | $— | $11,870 | $— |
| | | September 30, 2012 | $229,014 | $— | $33,559 | $3,084 | May 31, 2012 | $75,260 | $— | $14,922 | $39 |
| Putnam Dynamic Asset Allocation Equity Fund | May 31, 2013 | $73,558 | $— | $11,870 | $— | | Putnam Dynamic Asset Allocation Growth Fund | | September 30, 2013 | $161,823 | $— | $34,890 | $— |
| | | May 31, 2012 | $75,260 | $— | $14,922 | $39 | September 30, 2012 | $229,014 | $— | $33,559 | $3,084 |
| Putnam Europe Equity Fund | | June 20, 2013 | $62,142 | $— | $8,593 | $— | June 30, 2013 | $62,142 | $— | $8,593 | $— |
| | | June 20, 2012 | $60,553 | $— | $8,397 | $302 | June 30, 2012 | $60,553 | $— | $8,397 | $302 |
| The Putnam Fund for Growth and Income | | October 31, 2012 | $234,489 | $— | $8,407 | $8,735 | October 31, 2012 | $234,489 | $— | $8,407 | $8,735 |
| | | October 31, 2011 | $272,321 | $— | $12,363 | $— | October 31, 2011 | $272,321 | $— | $12,363 | $— |
| The George Putnam Fund of Boston (d/b/a | The George Putnam Fund of Boston (d/b/a | July 31, 2013 | $117,377 | $— | $15,659 | $— | July 31, 2013 | $117,377 | $— | $15,659 | $— | George Putnam Balanced Fund) | | | | | | | |
| | | July 31, 2012 | $136,346 | $— | $15,750 | $2,356 | July 31, 2012 | $136,346 | $— | $15,750 | $2,356 |
| Putnam Global Health Care Fund | | August 31, 2013 | $96,943 | $— | $10,066 | $— | August 31, 2013 | $96,943 | $— | $10,066 | $— |
| | | August 31, 2012 | $76,430 | $— | $10,142 | $1,902 | August 31, 2012 | $76,430 | $— | $10,142 | $1,902 |
| Putnam Global Income Trust | | October 31, 2012 | $174,155 | $— | $17,851 | $734 | October 31, 2012 | $174,155 | $— | $17,851 | $734 |
| | | October 31, 2011 | $149,859 | $— | $10,944 | $— | October 31, 2011 | $149,859 | $— | $10,944 | $— |
| Putnam Global Sector Fund | | October 31, 2012 | $12,251 | $— | $5,538 | $— | |
| | | | October 31, 2011 | $16,573 | $— | $3,137 | $— | |
| | Putnam Global Utilities Fund | | August 31, 2013 | $56,726 | $— | $13,449 | $— | |
| | | | August 31, 2012 | $52,359 | $— | $13,014 | $459 | |
| | Putnam High Income Securities Fund | | August 31, 2013 | $72,576 | $— | $16,169 | $— | |
| | | | August 31, 2012 | $105,084 | $— | $16,179 | $273 | |
| | Putnam International Capital Opportunities Fund | August 31, 2013 | $91,226 | $— | $21,985 | $— | |
| | | | August 31, 2012 | $74,070 | $— | $15,630 | $1,807 | |
| | Putnam International Equity Fund | | June 30, 2013 | $109,525 | $— | $15,476 | $— | |
| | | | June 30, 2012 | $89,613 | $— | $15,497 | $2,059 | |
| | Putnam International Growth Fund | | September 30, 2013 | $75,191 | $— | $17,835 | $— | |
| | | | September 30, 2012 | $75,298 | $— | $16,822 | $669 | |
| | Putnam International Value Fund | | June 30, 2013 | $65,642 | $— | $11,466 | $— | |
| | | | June 30, 2012 | $56,665 | $— | $11,298 | $420 | |
| | Putnam Massachusetts Tax Exempt Income Fund | May 31, 2013 | $56,188 | $— | $11,521 | $— | |
| | | | May 31, 2012 | $52,439 | $— | $11,211 | $647 | |
| | Putnam Michigan Tax Exempt Income Fund | May 31, 2013 | $45,321 | $— | $11,521 | $— | |
| | | | May 31, 2012 | $41,736 | $— | $11,192 | $154 | |
| | Putnam Minnesota Tax Exempt Income Fund | May 31, 2013 | $46,563 | $— | $11,521 | $— | |
| | | | May 31, 2012 | $44,128 | $— | $11,194 | $204 | |
| |
| | | | | | Fund | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Global Sector Fund | October 31, 2012 | $12,251 | $— | $5,538 | $— |
| | October 31, 2011 | $16,573 | $— | $3,137 | $— |
| Putnam Global Utilities Fund | August 31, 2013 | $56,726 | $— | $13,449 | $— |
| | August 31, 2012 | $52,359 | $— | $13,014 | $459 |
| Putnam High Income Securities Fund | August 31, 2013 | $72,576 | $— | $16,169 | $— |
| | August 31, 2012 | $105,084 | $— | $16,179 | $273 |
| Putnam International Capital Opportunities Fund | August 31, 2013 | $91,226 | $— | $21,985 | $— |
| | August 31, 2012 | $74,070 | $— | $15,630 | $1,807 |
| Putnam International Equity Fund | June 30, 2013 | $109,525 | $— | $15,476 | $— |
| | June 30, 2012 | $89,613 | $— | $15,497 | $2,059 |
| Putnam International Growth Fund | September 30, 2013 | $75,191 | $— | $17,835 | $— |
| | September 30, 2012 | $75,298 | $— | $16,822 | $669 |
| Putnam International Value Fund | June 30, 2013 | $65,642 | $— | $11,466 | $— |
| | June 30, 2012 | $56,665 | $— | $11,298 | $420 |
| Putnam Massachusetts Tax Exempt Income Fund | May 31, 2013 | $56,188 | $— | $11,521 | $— |
| | May 31, 2012 | $52,439 | $— | $11,211 | $647 |
| Putnam Michigan Tax Exempt Income Fund | May 31, 2013 | $45,321 | $— | $11,521 | $— |
| | May 31, 2012 | $41,736 | $— | $11,192 | $154 |
| Putnam Minnesota Tax Exempt Income Fund | May 31, 2013 | $46,563 | $— | $11,521 | $— |
| | May 31, 2012 | $44,128 | $— | $11,194 | $204 |
| Putnam Money Market Fund | September 30, 2013 | $91,529 | $— | $4,010 | $— |
| | September 30, 2012 | $107,675 | $— | $4,165 | $3,655 |
| Putnam Multi-Cap Growth Fund | June 30, 2013 | $211,800 | $— | $5,474 | $— |
| | June 30, 2012 | $137,804 | $— | $5,550 | $6,304 |
| Putnam Municipal Opportunities Trust | April 30, 2013 | $74,048 | $32,284 | $11,395 | $— |
| | April 30, 2012 | $71,280 | $31,344 | $12,604 | $1,083 |
| Putnam New Jersey Tax Exempt Income Fund | May 31, 2013 | $52,845 | $— | $11,521 | $— |
| | May 31, 2012 | $48,126 | $— | $11,205 | $500 |
| Putnam Ohio Tax Exempt Income Fund | May 31, 2013 | $48,608 | $— | $11,521 | $— |
| | May 31, 2012 | $47,678 | $— | $11,198 | $299 |
| Putnam Pennsylvania Tax Exempt Income Fund | May 31, 2013 | $51,805 | $— | $11,521 | $— |
| | May 31, 2012 | $47,454 | $— | $11,204 | $459 |
| Putnam RetirementReady 2055 Fund | July 31, 2013 | $562 | $— | $223 | $— |
| | July 31, 2012 | $214 | $— | $105 | $— |
| Putnam RetirementReady 2050 Fund | July 31, 2013 | $5,521 | $— | $2,189 | $— |
| | July 31, 2012 | $3,598 | $— | $1,760 | $— |
| Putnam RetirementReady 2045 Fund | July 31, 2013 | $7,762 | $— | $3,077 | $— |
| | July 31, 2012 | $5,786 | $— | $2,830 | $— |
| Putnam RetirementReady 2040 Fund | July 31, 2013 | $11,198 | $— | $4,439 | $— |
| | July 31, 2012 | $8,386 | $— | $4,101 | $— |
| Putnam RetirementReady 2035 Fund | July 31, 2013 | $16,482 | $— | $6,533 | $— |
| | July 31, 2012 | $12,874 | $— | $6,296 | $— |
| Putnam RetirementReady 2030 Fund | July 31, 2013 | $21,611 | $— | $8,567 | $— |
| | July 31, 2012 | $17,287 | $— | $8,455 | $— |
| Putnam RetirementReady 2025 Fund | July 31, 2013 | $25,172 | $— | $9,978 | $— |
| | July 31, 2012 | $20,211 | $— | $9,885 | $— |
| Putnam RetirementReady 2020 Fund | July 31, 2013 | $22,129 | $— | $8,772 | $— |
| | July 31, 2012 | $18,931 | $— | $9,259 | $— |
| Putnam RetirementReady 2015 Fund | July 31, 2013 | $16,124 | $— | $6,391 | $— |
| | July 31, 2012 | $15,025 | $— | $7,348 | $— |
| Putnam Retirement Income Fund Lifestyle 1 | July 31, 2013 | $14,270 | $— | $5,657 | $— |
| | July 31, 2012 | $11,830 | $— | $5,786 | $— |
| Putnam Retirement Income Fund Lifestyle 2 | August 31, 2013 | $47,809 | $— | $7,416 | $— |
| | August 31, 2012 | $52,490 | $— | $7,416 | $11 |
|
| | | | | | | Fund | | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Money Market Fund | | September 30, 2013 | $91,529 | $— | $4,010 | $— |
| | | September 30, 2012 | $107,675 | $— | $4,165 | $3,655 |
| Putnam Multi-Cap Growth Fund | | June 30, 2013 | $211,800 | $— | $5,474 | $— |
| | | June 30, 2012 | $137,804 | $— | $5,550 | $6,304 |
| Putnam Municipal Opportunities Trust | | April 30, 2013 | $74,048 | $32,284 | $11,395 | $— |
| | | April 30, 2012 | $71,280 | $31,344 | $12,604 | $1,083 |
| Putnam New Jersey Tax Exempt Income Fund | | May 31, 2013 | $52,845 | $— | $11,521 | $— |
| | | May 31, 2012 | $48,126 | $— | $11,205 | $500 |
| Putnam Ohio Tax Exempt Income Fund | | May 31, 2013 | $48,608 | $— | $11,521 | $— |
| | | May 31, 2012 | $47,678 | $— | $11,198 | $299 |
| Putnam Pennsylvania Tax Exempt Income Fund | | May 31, 2013 | $51,805 | $— | $11,521 | $— |
| | | May 31, 2012 | $47,454 | $— | $11,204 | $459 |
| Putnam RetirementReady 2055 Fund | | July 31, 2013 | $562 | $— | $223 | $— |
| | | July 31, 2012 | $214 | $— | $105 | $— |
| Putnam RetirementReady 2050 Fund | | July 31, 2013 | $5,521 | $— | $2,189 | $— |
| | | July 31, 2012 | $3,598 | $— | $1,760 | $— |
| Putnam RetirementReady 2045 Fund | | July 31, 2013 | $7,762 | $— | $3,077 | $— |
| | | July 31, 2012 | $5,786 | $— | $2,830 | $— |
| Putnam RetirementReady 2040 Fund | | July 31, 2013 | $11,198 | $— | $4,439 | $— |
| | | July 31, 2012 | $8,386 | $— | $4,101 | $— |
| Putnam RetirementReady 2035 Fund | | July 31, 2013 | $16,482 | $— | $6,533 | $— |
| | | July 31, 2012 | $12,874 | $— | $6,296 | $— |
| Putnam RetirementReady 2030 Fund | | July 31, 2013 | $21,611 | $— | $8,567 | $— |
| | | July 31, 2012 | $17,287 | $— | $8,455 | $— |
| Putnam RetirementReady 2025 Fund | | July 31, 2013 | $25,172 | $— | $9,978 | $— |
| | | July 31, 2012 | $20,211 | $— | $9,885 | $— |
| Putnam RetirementReady 2020 Fund | | July 31, 2013 | $22,129 | $— | $8,772 | $— |
| | | July 31, 2012 | $18,931 | $— | $9,259 | $— |
| Putnam RetirementReady 2015 Fund | | July 31, 2013 | $16,124 | $— | $6,391 | $— |
| | | July 31, 2012 | $15,025 | $— | $7,348 | $— |
| Putnam Retirement Income Fund Lifestyle 1 | | July 31, 2013 | $14,270 | $— | $5,657 | $— |
| | | July 31, 2012 | $11,830 | $— | $5,786 | $— |
| Putnam Retirement Income Fund Lifestyle 2 | | August 31, 2013 | $47,809 | $— | $7,416 | $— |
| | | August 31, 2012 | $52,490 | $— | $7,416 | $11 |
| Putnam Retirement Income Fund Lifestyle 3 | | February 28, 2013 | $82,890 | $— | $7,575 | $— |
| | | February 28, 2012 | $88,434 | $— | $4,290 | $31 |
| Putnam Short Term Investment Fund | | July 31,2013(1) | $63,545 | $— | $3,600 | $— |
| Putnam Small Cap Growth Fund | | June 30, 2013 | $52,294 | $— | $7,066 | $— |
| | | June 30, 2012 | $52,075 | $— | $6,899 | $238 |
| Putnam Tax Exempt Money Market Fund | | September 30, 2013 | $46,945 | $— | $4,392 | $— |
| | | September 30, 2012 | $44,394 | $— | $4,396 | $110 |
| Putnam Tax-Free High Yield Fund | | July 31, 2013 | $96,150 | $— | $12,859 | $— |
| | | July 31, 2012 | $83,316 | $— | $12,939 | $2,049 |
| Putnam Voyager Fund | | July 31, 2013 | $220,449 | $— | $9,756 | $— |
| | | July 31, 2012 | $187,242 | $— | $10,826 | $7,414 |
| Putnam VT Absolute Return 500 Fund | | December 31, 2012 | $91,404 | $— | $6,592 | $25 |
| | | December 31, 2011 | $75,795 | $— | $5,601 | $— |
| Putnam VT American Government Income Fund | | December 31, 2012 | $60,234 | $— | $3,140 | $281 |
| | | December 31, 2011 | $51,923 | $— | $2,678 | $— |
| Putnam VT Capital Opportunities Fund | | December 31, 2012 | $28,450 | $— | $2,122 | $64 |
| | | December 31, 2011 | $31,600 | $— | $1,813 | $— |
| Putnam VT Diversified Income Fund | | December 31, 2012 | $174,153 | $— | $8,445 | $890 |
| | | December 31, 2011 | $153,148 | $— | $9,360 | $— |
| Putnam VT Equity Income Fund | | December 31, 2012 | $44,867 | $— | $2,122 | $731 |
| | | December 31, 2011 | $49,013 | $— | $1,828 | $— |
|
| | | | | | Fund | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Retirement Income Fund Lifestyle 3 | February 28, 2013 | $82,890 | $— | $7,575 | $— |
| | February 29, 2012 | $88,434 | $— | $4,290 | $31 |
| Putnam Short Term Investment Fund | July 31,2013(1) | $63,545 | $— | $3,600 | $— |
| Putnam Small Cap Growth Fund | June 30, 2013 | $52,294 | $— | $7,066 | $— |
| | June 30, 2012 | $52,075 | $— | $6,899 | $238 |
| Putnam Tax Exempt Money Market Fund | September 30, 2013 | $46,945 | $— | $4,392 | $— |
| | September 30, 2012 | $44,394 | $— | $4,396 | $110 |
| Putnam Tax-Free High Yield Fund | July 31, 2013 | $96,150 | $— | $12,859 | $— |
| | July 31, 2012 | $83,316 | $— | $12,939 | $2,049 |
| Putnam Voyager Fund | July 31, 2013 | $220,449 | $— | $9,756 | $— |
| | July 31, 2012 | $187,242 | $— | $10,826 | $7,414 |
| Putnam VT Absolute Return 500 Fund | December 31, 2012 | $91,404 | $— | $6,592 | $25 |
| | December 31, 2011 | $75,795 | $— | $5,601 | $— |
| Putnam VT American Government Income Fund | December 31, 2012 | $60,234 | $— | $3,140 | $281 |
| | December 31, 2011 | $51,923 | $— | $2,678 | $— |
| Putnam VT Capital Opportunities Fund | December 31, 2012 | $28,450 | $— | $2,122 | $64 |
| | December 31, 2011 | $31,600 | $— | $1,813 | $— |
| Putnam VT Diversified Income Fund | December 31, 2012 | $174,153 | $— | $8,445 | $890 |
| | December 31, 2011 | $153,148 | $— | $9,360 | $— |
| Putnam VT Equity Income Fund | December 31, 2012 | $44,867 | $— | $2,122 | $731 |
| | December 31, 2011 | $49,013 | $— | $1,828 | $— |
| Putnam VT George Putnam Balanced Fund | December 31, 2012 | $91,318 | $— | $5,856 | $365 |
| | December 31, 2011 | $94,486 | $— | $4,994 | $— |
| Putnam VT Global Asset Allocation Fund | December 31, 2012 | $137,663 | $— | $11,506 | $426 |
| | December 31, 2011 | $128,870 | $— | $9,031 | $— |
| Putnam VT Global Equity Fund | December 31, 2012 | $64,252 | $— | $7,214 | $392 |
| | December 31, 2011 | $67,301 | $— | $9,196 | $— |
| Putnam VT Global Health Care Fund | December 31, 2012 | $33,940 | $— | $3,961 | $201 |
| | December 31, 2011 | $37,320 | $— | $3,598 | $— |
| Putnam VT Global Utilities Fund | December 31, 2012 | $33,011 | $— | $4,852 | $246 |
| | December 31, 2011 | $36,806 | $— | $4,358 | $— |
| Putnam VT Growth and Income Fund | December 31, 2012 | $95,108 | $— | $3,480 | $2,337 |
| | December 31, 2011 | $107,799 | $— | $3,042 | $— |
| Putnam VT Growth Opportunities Fund | December 31, 2012 | $35,470 | $— | $2,461 | $48 |
| | December 31, 2011 | $37,541 | $— | $2,092 | $— |
| Putnam VT High Yield Fund | December 31, 2012 | $92,091 | $— | $5,135 | $775 |
| | December 31, 2011 | $95,878 | $— | $4,391 | $— |
| Putnam VT Income Fund | December 31, 2012 | $146,842 | $— | $3,904 | $797 |
| | December 31, 2011 | $124,754 | $— | $3,349 | $— |
| Putnam VT International Equity Fund | December 31, 2012 | $63,920 | $— | $5,659 | $839 |
| | December 31, 2011 | $71,173 | $— | $3,564 | $— |
| Putnam VT International Growth Fund | December 31, 2012 | $42,998 | $— | $8,856 | $115 |
| | December 31, 2011 | $46,085 | $— | $10,758 | $— |
| Putnam VT International Value Fund | December 31, 2012 | $43,359 | $— | $4,937 | $225 |
| | December 31, 2011 | $47,613 | $— | $5,963 | $— |
| Putnam VT Investors Fund | December 31, 2012 | $42,050 | $— | $3,961 | $476 |
| | December 31, 2011 | $46,458 | $— | $6,608 | $— |
| Putnam VT Money Market Fund | December 31, 2012 | $52,382 | $— | $1,994 | $517 |
| | December 31, 2011 | $56,515 | $— | $1,717 | $— |
| Putnam VT Multi-Cap Growth Fund | December 31, 2012 | $52,852 | $— | $2,461 | $1,311 |
| | December 31, 2011 | $60,230 | $— | $2,139 | $— |
| Putnam VT Multi-Cap Value Fund | December 31, 2012 | $28,553 | $— | $2,122 | $69 |
| | December 31, 2011 | $31,721 | $— | $1,814 | $— |
| Putnam VT Research Fund | December 31, 2012 | $35,616 | $— | $2,716 | $112 |
| | December 31, 2011 | $38,000 | $— | $2,310 | $— |
|
| | | | | | | Fund | | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam VT George Putnam Balanced Fund | | December 31, 2012 | $91,318 | $— | $5,856 | $365 |
| | | December 31, 2011 | $94,486 | $— | $4,994 | $— |
| Putnam VT Global Asset Allocation Fund | | December 31, 2012 | $137,663 | $— | $11,506 | $426 |
| | | December 31, 2011 | $128,870 | $— | $9,031 | $— |
| Putnam VT Global Equity Fund | | December 31, 2012 | $64,252 | $— | $7,214 | $392 |
| | | December 31, 2011 | $67,301 | $— | $9,196 | $— |
| Putnam VT Global Health Care Fund | | December 31, 2012 | $33,940 | $— | $3,961 | $201 |
| | | December 31, 2011 | $37,320 | $— | $3,598 | $— |
| Putnam VT Global Utilities Fund | | December 31, 2012 | $33,011 | $— | $4,852 | $246 |
| | | December 31, 2011 | $36,806 | $— | $4,358 | $— |
| Putnam VT Growth and Income Fund | | December 31, 2012 | $95,108 | $— | $3,480 | $2,337 |
| | | December 31, 2011 | $107,799 | $— | $3,042 | $— |
| Putnam VT Growth Opportunities Fund | | December 31, 2012 | $35,470 | $— | $2,461 | $48 |
| | | December 31, 2011 | $37,541 | $— | $2,092 | $— |
| Putnam VT High Yield Fund | | December 31, 2012 | $92,091 | $— | $5,135 | $775 |
| | | December 31, 2011 | $95,878 | $— | $4,391 | $— |
| Putnam VT Income Fund | | December 31, 2012 | $146,842 | $— | $3,904 | $797 |
| | | December 31, 2011 | $124,754 | $— | $3,349 | $— |
| Putnam VT International Equity Fund | | December 31, 2012 | $63,920 | $— | $5,659 | $839 |
| | | December 31, 2011 | $71,173 | $— | $3,564 | $— |
| Putnam VT International Growth Fund | | December 31, 2012 | $42,998 | $— | $8,856 | $115 |
| | | December 31, 2011 | $46,085 | $— | $10,758 | $— |
| Putnam VT International Value Fund | | December 31, 2012 | $43,359 | $— | $4,937 | $225 |
| | | December 31, 2011 | $47,613 | $— | $5,963 | $— |
| Putnam VT Investors Fund | | December 31, 2012 | $42,050 | $— | $3,961 | $476 |
| | | December 31, 2011 | $46,458 | $— | $6,608 | $— |
| Putnam VT Money Market Fund | | December 31, 2012 | $52,382 | $— | $1,994 | $517 |
| | | December 31, 2011 | $56,515 | $— | $1,717 | $— |
| Putnam VT Multi-Cap Growth Fund | | December 31, 2012 | $52,852 | $— | $2,461 | $1,311 |
| | | December 31, 2011 | $60,230 | $— | $2,139 | $— |
| Putnam VT Multi-Cap Value Fund | | December 31, 2012 | $28,553 | $— | $2,122 | $69 |
| | | December 31, 2011 | $31,721 | $— | $1,814 | $— |
| Putnam VT Research Fund | | December 31, 2012 | $35,616 | $— | $2,716 | $112 |
| | | December 31, 2011 | $38,000 | $— | $2,310 | $— |
| Putnam VT Small Cap Value Fund | | December 31, 2012 | $36,454 | $— | $2,631 | $459 |
| | | December 31, 2011 | $41,588 | $— | $2,250 | $— |
| Putnam VT Voyager Fund | | December 31, 2012 | $87,826 | $— | $4,961 | $1,588 |
| | | December 31, 2011 | $98,551 | $— | $5,756 | $— |
|
| | | | | | Fund | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam VT Small Cap Value Fund | December 31, 2012 | $36,454 | $— | $2,631 | $459 |
| | December 31, 2011 | $41,588 | $— | $2,250 | $— |
| Putnam VT Voyager Fund | December 31, 2012 | $87,826 | $— | $4,961 | $1,588 |
| | December 31, 2011 | $98,551 | $— | $5,756 | $— |
|
(1) The amounts for Putnam Short Term Investment Fund represent fees for the period February 19, 2013 (commencement of operations) to the fiscal period ended July 31, 2013. The following table presents fees billed to each indicated fund in each of its last two fiscal years ended prior to October 1, 2013 by KPMG LLP: | Fund | | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Absolute Return 100 Fund | | October 31, 2012 | $87,871 | $— | $5,150 | $— | October 31, 2012 | $87,871 | $— | $5,150 | $— |
| | | October 31, 2011 | $86,191 | $— | $5,000 | $— | October 31, 2011 | $86,191 | $— | $5,000 | $— |
| Putnam Absolute Return 300 Fund | | October 31, 2012 | $88,458 | $— | $5,150 | $— | October 31, 2012 | $88,458 | $— | $5,150 | $— |
| | | October 31, 2011 | $86,680 | $— | $5,000 | $— | October 31, 2011 | $86,680 | $— | $5,000 | $— |
| Putnam Arizona Tax Exempt Income Fund | | May 31, 2013 | $51,929 | $— | $6,300 | $— | May 31, 2013 | $51,929 | $— | $6,300 | $— |
| | | May 31, 2012 | $44,743 | $— | $6,100 | $— | May 31, 2012 | $44,743 | $— | $6,100 | $— |
| Putnam Asia Pacific Equity Fund | | April 30, 2013 | $37,955 | $— | $3,450 | $— | April 30, 2013 | $37,955 | $— | $3,450 | $— |
| | | April 30, 2012 | $41,355 | $— | $3,350 | $— | April 30, 2012 | $41,355 | $— | $3,350 | $— |
| Putnam California Tax Exempt Fund | | September 30, 2013 | $58,141 | $— | $6,458 | $— | September 30, 2013 | $58,141 | $— | $6,458 | $— |
| | | September 30, 2012 | $56,702 | $— | $6,300 | $— | September 30, 2012 | $56,702 | $— | $6,300 | $— |
| Putnam Convertible Securities Fund | | October 31, 2012 | $36,744 | $— | $4,100 | $— |
| |
| | | October 31, 2011 | $45,079 | $— | $4,000 | $— |
| |
| Putnam Diversified Income Trust | | September 30, 2013 | $148,356 | $— | $6,458 | $— |
| |
| | | September 30, 2012 | $153,715 | $— | $6,300 | $— |
| |
| Putnam Dynamic Risk Allocation Fund | | May 31, 2013 | $65,488 | $— | $4,650 | $— |
| |
| | | May 31,2012(1) | $70,513 | $— | $4,500 | $— |
| |
| Putnam Emerging Markets Equity Fund | | August 31, 2013 | $45,734 | $— | $4,963 | $— |
| |
| | | August 31, 2012 | $44,622 | $— | $4,850 | $— |
| |
| Putnam Equity Income Fund | | November 30, 2012 | $43,672 | $— | $4,100 | $— |
| |
| | | November 30, 2011 | $52,940 | $— | $4,000 | $— |
| |
| Putnam Equity Spectrum Fund | | April 30, 2013 | $36,893 | $— | $3,450 | $— |
| |
| | | April 30, 2012 | $41,599 | $— | $3,350 | $— |
| |
| Putnam Floating Rate Income Fund | | February 28, 2013 | $83,263 | $— | $6,900 | $— |
| |
| | | February 29, 2012 | $80,841 | $— | $6,700 | $— |
| |
| Putnam Global Consumer Fund | | August 31, 2013 | $39,684 | $— | $4,300 | $— |
| |
| | | August 31, 2012 | $38,708 | $— | $4,200 | $— |
| |
| Putnam Global Energy Fund | | August 31, 2013 | $39,686 | $— | $4,300 | $— |
| |
| | | August 31, 2012 | $38,711 | $— | $4,200 | $— |
| |
| Putnam Global Equity Fund | | October 31, 2012 | $41,872 | $— | $4,650 | $— |
| |
| | | October 31, 2011 | $58,738 | $— | $4,550 | $— |
| |
| Putnam Global Financials Fund | | August 31, 2013 | $39,684 | $— | $4,300 | $— |
| |
| | | August 31, 2012 | $42,705 | $— | $4,200 | $— |
| |
| Putnam Global Industrials Fund | | August 31, 2013 | $39,682 | $— | $4,300 | $— |
| |
| | | August 31, 2012 | $38,706 | $— | $4,200 | $— |
| |
| Putnam Global Natural Resources Fund | | August 31, 2013 | $39,763 | $— | $4,200 | $— |
| |
| | | August 31, 2012 | $42,810 | $— | $4,100 | $— |
| |
| Putnam Global Technology Fund | | August 31, 2013 | $39,682 | $— | $4,300 | $— |
| |
| | | August 31, 2012 | $38,707 | $— | $4,200 | $— |
| |
| Putnam Global Telecommunications Fund | | August 31, 2013 | $39,684 | $— | $4,300 | $— |
| |
| | | August 31, 2012 | $38,706 | $— | $4,200 | $— |
| |
| Putnam Growth Opportunities Fund | | July 31, 2013 | $42,920 | $— | $4,200 | $— |
| |
| | | July 31, 2012 | $45,752 | $— | $4,100 | $— |
| |
| Putnam High Yield Advantage Fund | | November 30, 2012 | $80,880 | $— | $4,450 | $— |
| |
| | | November 30, 2011 | $82,325 | $— | $4,350 | $— |
| |
|
| | | | | | | Fund | | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Convertible Securities Fund | | October 31, 2012 | $36,744 | $— | $4,100 | $— |
| | | October 31, 2011 | $45,079 | $— | $4,000 | $— |
| Putnam Diversified Income Trust | | September 30, 2013 | $148,356 | $— | $6,458 | $— |
| | | September 30, 2012 | $153,715 | $— | $6,300 | $— |
| Putnam Dynamic Risk Allocation Fund | | May 31, 2013 | $65,488 | $— | $4,650 | $— |
| | | May 31, 2012(1) | $70,513 | $— | $4,500 | $— |
| Putnam Emerging Markets Equity Fund | | August 31, 2013 | $45,734 | $— | $4,963 | $— |
| | | August 31, 2012 | $44,622 | $— | $4,850 | $— |
| Putnam Equity Income Fund | | November 30, 2012 | $43,672 | $— | $4,100 | $— |
| | | November 30, 2011 | $52,940 | $— | $4,000 | $— |
| Putnam Equity Spectrum Fund | | April 30, 2013 | $36,893 | $— | $3,450 | $— |
| | | April 30, 2012 | $41,599 | $— | $3,350 | $— |
| Putnam Floating Rate Income Fund | | February 28, 2013 | $83,263 | $— | $6,900 | $— |
| | | February 28, 2012 | $80,841 | $— | $6,700 | $— |
| Putnam Global Consumer Fund | | August 31, 2013 | $39,684 | $— | $4,300 | $— |
| | | August 31, 2012 | $38,708 | $— | $4,200 | $— |
| Putnam Global Energy Fund | | August 31, 2013 | $39,686 | $— | $4,300 | $— |
| | | August 31, 2012 | $38,711 | $— | $4,200 | $— |
| Putnam Global Equity Fund | | October 31, 2012 | $41,872 | $— | $4,650 | $— |
| | | October 31, 2011 | $58,738 | $— | $4,550 | $— |
| Putnam Global Financials Fund | | August 31, 2013 | $39,684 | $— | $4,300 | $— |
| | | August 31, 2012 | $42,705 | $— | $4,200 | $— |
| Putnam Global Industrials Fund | | August 31, 2013 | $39,682 | $— | $4,300 | $— |
| | | August 31, 2012 | $38,706 | $— | $4,200 | $— |
| Putnam Global Natural Resources Fund | | August 31, 2013 | $39,763 | $— | $4,200 | $— |
| | | August 31, 2012 | $42,810 | $— | $4,100 | $— |
| Putnam Global Technology Fund | | August 31, 2013 | $39,682 | $— | $4,300 | $— |
| | | August 31, 2012 | $38,707 | $— | $4,200 | $— |
| Putnam Global Telecommunications Fund | | August 31, 2013 | $39,684 | $— | $4,300 | $— |
| | | August 31, 2012 | $38,706 | $— | $4,200 | $— |
| Putnam Growth Opportunities Fund | | July 31, 2013 | $42,920 | $— | $4,200 | $— |
| | | July 31, 2012 | $45,752 | $— | $4,100 | $— |
| Putnam High Yield Advantage Fund | | November 30, 2012 | $80,880 | $— | $4,450 | $— |
| | | November 30, 2011 | $82,325 | $— | $4,350 | $— |
| Putnam High Yield Trust | | August 31, 2013 | $77,467 | $— | $6,457 | $— |
| | | August 31, 2012 | $81,549 | $— | $6,300 | $— |
| Putnam Income Fund | | October 31, 2012 | $109,651 | $— | $6,300 | $— |
| | | October 31, 2011 | $101,397 | $— | $6,100 | $— |
| Putnam Investors Fund | | July 31, 2013 | $39,093 | $— | $4,200 | $— |
| | | July 31, 2012 | $41,716 | $— | $4,100 | $— |
| Putnam Low Volatility Equity Fund | | July 31, 2013(2) | $33,504 | $— | $3,500 | $— |
| Putnam Managed Municipal Income Trust | | October 31, 2012 | $68,324 | $26,550 | $6,300 | $— |
| | | October 31, 2011 | $66,220 | $25,300 | $6,100 | $— |
| Putnam Master Intermediate Income Trust | | September 30, 2013 | $129,389 | $— | $6,458 | $— |
| | | September 30, 2012 | $136,019 | $— | $6,300 | $— |
| Putnam Money Market Liquidity Fund | | September 30, 2013 | $38,091 | $— | $3,425 | $— |
| | | September 30, 2012 | $37,953 | $— | $3,350 | $— |
| Putnam Multi-Cap Core Fund | | April 30, 2013 | $28,456 | $— | $2,950 | $— |
| | | April 30, 2012 | $32,405 | $— | $2,900 | $— |
| Putnam Multi-Cap Value Fund | | April 30, 2013 | $34,331 | $— | $4,100 | $— |
| | | April 30, 2012 | $45,045 | $— | $4,000 | $— |
| Putnam New York Tax Exempt Income Fund | | November 30, 2012 | $56,439 | $— | $6,300 | $— |
| | | November 30, 2011 | $56,941 | $— | $6,100 | $— |
| Putnam Premier Income Trust | | July 31, 2013 | $153,053 | $— | $6,458 | $— |
| | | July 31, 2012 | $158,194 | $— | $6,300 | $— |
|
| | | | | | Fund | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam High Yield Trust | August 31, 2013 | $77,467 | $— | $6,457 | $— |
| | August 31, 2012 | $81,549 | $— | $6,300 | $— |
| Putnam Income Fund | October 31, 2012 | $109,651 | $— | $6,300 | $— |
| | October 31, 2011 | $101,397 | $— | $6,100 | $— |
| Putnam Investors Fund | July 31, 2013 | $39,093 | $— | $4,200 | $— |
| | July 31, 2012 | $41,716 | $— | $4,100 | $— |
| Putnam Low Volatility Equity Fund | July 31,2013(2) | $33,504 | $— | $3,500 | $— |
| Putnam Managed Municipal Income Trust | October 31, 2012 | $68,324 | $26,550 | $6,300 | $— |
| | October 31, 2011 | $66,220 | $25,300 | $6,100 | $— |
| Putnam Master Intermediate Income Trust | September 30, 2013 | $129,389 | $— | $6,458 | $— |
| | September 30, 2012 | $136,019 | $— | $6,300 | $— |
| Putnam Money Market Liquidity Fund | September 30, 2013 | $38,091 | $— | $3,425 | $— |
| | September 30, 2012 | $37,953 | $— | $3,350 | $— |
| Putnam Multi-Cap Core Fund | April 30, 2013 | $28,456 | $— | $2,950 | $— |
| | April 30, 2012 | $32,405 | $— | $2,900 | $— |
| Putnam Multi-Cap Value Fund | April 30, 2013 | $34,331 | $— | $4,100 | $— |
| | April 30, 2012 | $45,045 | $— | $4,000 | $— |
| Putnam New York Tax Exempt Income Fund | November 30, 2012 | $56,439 | $— | $6,300 | $— |
| | November 30, 2011 | $56,941 | $— | $6,100 | $— |
| Putnam Premier Income Trust | July 31, 2013 | $153,053 | $— | $6,458 | $— |
| | July 31, 2012 | $158,194 | $— | $6,300 | $— |
| Putnam Research Fund | July 31, 2013 | $36,668 | $— | $4,200 | $— |
| | July 31, 2012 | $39,696 | $— | $4,100 | $— |
| Putnam Short Duration Income Fund | July 31, 2013 | $64,867 | $— | $4,100 | $— |
| | July 31,2012(3) | $62,909 | $— | $7,000 | $— |
| Putnam Small Cap Value Fund | February 28, 2013 | $36,471 | $— | $4,100 | $— |
| | February 29, 2012 | $48,651 | $— | $4,000 | $— |
| Putnam Strategic Volatility Equity Fund | July 31,2013(2) | $33,501 | $— | $3,500 | $— |
| Putnam Tax Exempt Income Fund | September 30, 2013 | $57,855 | $— | $6,458 | $— |
| | September 30, 2012 | $56,432 | $— | $6,300 | $— |
| Putnam U.S. Government Income Trust | September 30, 2013 | $116,925 | $— | $4,763 | $— |
| | September 30, 2012 | $122,150 | $— | $4,650 | $— |
|
| | | | | | | Fund | | Fiscal Year Ended | Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees |
| Putnam Research Fund | | July 31, 2013 | $36,668 | $— | $4,200 | $— |
| | | July 31, 2012 | $39,696 | $— | $4,100 | $— |
| Putnam Short Duration Income Fund | | July 31, 2013 | $64,867 | $— | $4,100 | $— |
| | | July 31, 2012(3) | $62,909 | $— | $7,000 | $— |
| Putnam Small Cap Value Fund | | February 28, 2013 | $36,471 | $— | $4,100 | $— |
| | | February 28, 2012 | $48,651 | $— | $4,000 | $— |
| Putnam Strategic Volatility Equity Fund | | July 31, 2013(2) | $33,501 | $— | $3,500 | $— |
| Putnam Tax Exempt Income Fund | | September 30, 2013 | $57,855 | $— | $6,458 | $— |
| | | September 30, 2012 | $56,432 | $— | $6,300 | $— |
| Putnam U.S. Government Income Trust | | September 30, 2013 | $116,925 | $— | $4,763 | $— |
| | | September 30, 2012 | $122,150 | $— | $4,650 | $— |
|
(1) The amounts for Putnam Dynamic Risk Allocation Fund represent fees for the period September 19, 2011 (commencement of operations) to the fiscal period ended May 31, 2012.
(2) The amounts for Putnam Low Volatility Equity Fund and Putnam Strategic Volatility Equity Fund represent fees for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013. (3) The amounts for Putnam Short durationDuration Income Fund represent fees for the period October 17, 2011 (commencement of operations) to the fiscal period ended July 31, 2012.
As of the date of this proxy statement, the following funds had not yet completed a full fiscal year of operations: Putnam Emerging Markets Income Fund; Putnam Global Dividend Fund; Putnam Intermediate-Term Municipal Income Fund; Putnam Low Volatility Equity Fund;and Putnam Short-Term Municipal Income Fund; and Putnam Strategic Volatility Equity Fund (each audited by KPMG LLP) ; and Putnam Short Term Investment Fund (audited by PricewaterhouseCoopers LLP). Audit Feesrepresent fees billed for a fund’s last two fiscal years relating to the audit and review of the financial statements included in annual reports and registration statements, and other services that are normally provided in connection with statutory and regulatory filings or engagements. Audit-Related Fees represent fees billed in a fund’s last two fiscal years for services traditionally performed by the fund’s auditor, including accounting consultation for proposed transactions or concerningfinancialconcerning financial accounting and reporting standards and other audit or attest services not required by statute or regulation. Tax Feesrepresent fees billed in a fund’s last two fiscal years for tax compliance, tax planning and tax advice services. Tax planning and tax advice services include assistance with tax audits, employee benefit plans and requests for rulings or technical advice from taxing authorities. All Other Feesrepresent fees billed for services relating to analysis of fund profitability. The following tables present the amounts PricewaterhouseCoopers LLP billed for aggregate non-audit fees to each fund, Putnam Management and any entity controlling, controlled by or under common control with Putnam Management that provides ongoing services to the fund in each of the fund’s last two fiscal years ended prior to October 1, 2013: | | | Putnam Absolute Return 500 Fund | Oct. 31, 2013:2012: $255,895 | Oct. 31, 2012:2011: $187,539 |
| Putnam Absolute Return 700 Fund | Oct. 31, 2013:2012: $255,626 | Oct. 31, 2012:2011: $187,307 |
| Putnam American Government Income Fund | Sept. 30, 2013: $158,976 | Sept. 30, 2012: $172,616 |
| Putnam AMT-Free Municipal Fund | July 31, 2013: $158,767 | July 31, 2012: $174,106 |
| Putnam Capital Opportunities Fund | April 30, 2013: $152,974 | April 31,30, 2012: $123,453 |
| Putnam Capital Spectrum Fund | April 30, 2013: $157,049 | April 31,30, 2012: $128,199 |
| Putnam Dynamic Asset Allocation Balanced Fund | Sept. 30, 2013: $181,190 | Sept. 30, 2012: $196,121 |
| Putnam Dynamic Asset Allocation Conservative Fund | Sept. 30, 2013: $179,790 | Sept. 30, 2012: $192,963 |
| Putnam Dynamic Asset Allocation Equity Fund | May 31, 2013: $159,370 | May 31, 2012: $107,713 |
| Putnam Dynamic Asset Allocation Growth Fund | Sept. 30, 2013: $184,890 | Sept. 30, 2012: $198,652 |
| Putnam Europe Equity Fund | June 30, 2013: $156,093 | June 30, 2012: $201,713 |
| The Putnam Fund for Growth and Income | Oct. 31, 2012: $256,651 | Oct. 31, 2011: $189,745 |
| The George Putnam Fund of Boston (d/b/a | Sept. 30,July 31, 2013: $163,159 | Sept. 30,July 31, 2012: $180,115 | George Putnam Balanced Fund) | | |
| Putnam Global Health Care Fund | Aug. 30,31, 2013: $157,566 | Aug. 30,31, 2012: $174,052 |
| Putnam Global Income Trust | Oct. 31, 2012: $258,095 | Oct. 31, 2011: $188,326 |
| Putnam Global Sector Fund | Oct. 31, 2012: $245,047 | Oct. 31, 2011: $180,519 |
| Putnam Global Utilities Fund | Aug. 30,31, 2013: $160,949 | Aug. 30,31, 2012: $175,482 |
| Putnam High Income Securities Fund | Aug. 31, 2013: $163,669 | Aug. 31, 2012: $178,460 |
|
| | | Putnam International Capital Opportunities Fund | Aug. 31, 2013: $169,485 | Aug. 31, 2012: $179,446 |
| Putnam International Equity Fund | June 30, 2013: $162,976 | June 30, 2012: $210,569 |
| Putnam International Growth Fund | Sept. 30, 2013: $167,835 | Sept. 30, 2012: $179,500 |
| Putnam International Value Fund | June 30, 2013: $158,966 | June 30, 2012: $ 204,732 |
| Putnam Massachusetts Tax Exempt Income Fund | JulyMay 31, 2013: $159,021 | JulyMay 31, 2012: $104,610 |
| Putnam Michigan Tax Exempt Income Fund | Sept. 30,May 31, 2013: $159,021 | Sept. 30,May 31, 2012: $104,098 |
| Putnam Minnesota Tax Exempt Income Fund | June 30,May 31, 2013: $159,021 | June 30,May 31, 2012: $104,150 |
| Putnam Money Market Fund | Sept. 30, 2013: $154,010 | Sept. 30, 2012: $169,828 |
| Putnam Multi-Cap Growth Fund | June 30, 2013: $152,974 | June 30, 2012: $204,867 |
| Putnam Municipal Opportunities Trust | April 30, 2013: $191,179 | April 30, 2012: $162,414 |
| Putnam New Jersey Tax Exempt Income Fund | May 31, 2013: $159,021 | May 31, 2012: $104,150 |
| Putnam Ohio Tax Exempt Income Fund | May 31, 2013: $159,021 | May 31, 2012: $104,248 |
| Putnam Pennsylvania Tax Exempt Income Fund | May 31, 2013: $159,021 | May 31, 2012: $104,415 |
| Putnam RetirementReady 2055 Fund | July 31, 2013: $147,723 | July 31, 2012: $162,114 |
| Putnam RetirementReady 2050 Fund | July 31, 2013: $149,689 | July 31, 2012: $163,769 |
| Putnam RetirementReady 2045 Fund | July 31, 2013: $150,577 | July 31, 2012: $164,839 |
| Putnam RetirementReady 2040 Fund | July 31, 2013: $151,939 | July 31, 2012: $166,110 |
| Putnam RetirementReady 2035 Fund | July 31, 2013: $154,033 | July 31, 2012: $168,305 |
| Putnam RetirementReady 2030 Fund | July 31, 2013: $156,067 | July 31, 2012: $170,464 |
| Putnam RetirementReady 2025 Fund | July 31, 2013: $157,478 | July 31, 2012: $171,894 |
|
| | | Putnam RetirementReady 2020 Fund | July 31, 2013: $156,272 | July 31, 2012: $171,268 |
| Putnam RetirementReady 2015 Fund | July 31, 2013: $153,891 | July 31, 2012: $169,357 |
| Putnam Retirement Income Fund Lifestyle 1 | July 31, 2013: $153,157 | July 31, 2012: $167,795 |
| Putnam Retirement Income Fund Lifestyle 2 | Aug. 31, 2013: $154,916 | Aug. 31, 2012: $169,437 |
| Putnam Retirement Income Fund Lifestyle 3 | Feb. 28, 2013: $259,687 | Feb. 28,29, 2012: $121,703 |
| Putnam Short Term InvestmentFund(1) | July 31, 2013: $151,100 | N/A |
| Putnam Small Cap Growth Fund | June 30, 2013: $154,566 | June 30, 2012: $200,151 |
| Putnam Tax Exempt Money Market Fund | Sept. 30, 2013: $154,392 | Sept. 30, 2012: $166,515 |
| Putnam Tax-Free High Yield Fund | July 31, 2013: $157,256 | July 31, 2012: $160,359 |
| Putnam Voyager Fund | July 31, 2013: $157,256 | July 31, 2012: $180,249 |
| Putnam VT Absolute Return 500 Fund | Dec. 31, 2012: $258,729 | Dec. 31, 2011: $132,983 |
| Putnam VT American Government Income Fund | Dec. 31, 2012: $255,533 | Dec. 31, 2011: $130,060 |
| Putnam VT Capital Opportunities Fund | Dec. 31, 2012: $254,298 | Dec. 31, 2011: $129,195 |
| Putnam VT Diversified Income Fund | Dec. 31, 2012: $261,447 | Dec. 31, 2011: $136,742 |
| Putnam VT Equity Income Fund | Dec. 31, 2012: $254,965 | Dec. 31, 2011: $129,210 |
| Putnam VT George Putnam Balanced Fund | Dec. 31, 2012: $258,333 | Dec. 31, 2011: $132,376 |
| Putnam VT Global Asset Allocation Fund | Dec. 31, 2012: $264,044 | Dec. 31, 2011: $136,413 |
| Putnam VT Global Equity Fund | Dec. 31, 2012: $259,718 | Dec. 31, 2011: $136,578 |
| Putnam VT Global Health Care Fund | Dec. 31, 2012: $256,274 | Dec. 31, 2011: $130,980 |
| Putnam VT Global Utilities Fund | Dec. 31, 2012: $257,210 | Dec. 31, 2011: $131,740 |
| Putnam VT Growth and Income Fund | Dec. 31, 2012: $257,929 | Dec. 31, 2011: $130,424 |
| Putnam VT Growth Opportunities Fund | Dec. 31, 2012: $254,621 | Dec. 31, 2011: $129,474 |
| Putnam VT High Yield Fund | Dec. 31, 2012: $258,022 | Dec. 31, 2011: $131,773 |
| Putnam VT Income Fund | Dec. 31, 2012: $256,813 | Dec. 31, 2011: $130,731 |
| Putnam VT International Equity Fund | Dec. 31, 2012: $258,610 | Dec. 31, 2011: $130,946 |
| Putnam VT International Growth Fund | Dec. 31, 2012: $261,083 | Dec. 31, 2011: $138,140 |
| Putnam VT International Value Fund | Dec. 31, 2012: $257,214 | Dec. 31, 2011: $133,345 |
| Putnam VT Investors Fund | Dec. 31, 2012: $256,549 | Dec. 31, 2011: $133,990 |
| Putnam VT Money Market Fund | Dec. 31, 2012: $254,626 | Dec. 31, 2011: $129,099 |
| Putnam VT Multi-Cap Growth Fund | Dec. 31, 2012: $255,884 | Dec. 31, 2011: $129,521 |
| Putnam VT Multi-Cap Value Fund | Dec. 31, 2012: $254,303 | Dec. 31, 2011: $129,196 |
| Putnam VT Research Fund | Dec. 31, 2012: $254,940 | Dec. 31, 2011: $129,692 |
| Putnam VT Small Cap Value Fund | Dec. 31, 2012: $255,202 | Dec. 31, 2011: $129,632 |
| Putnam VT Voyager Fund | Dec. 31, 2012: $258,661 | Dec. 31, 2011: $133,138 |
|
(1) The amounts for Putnam Short Term Investment Fund represent fees for the period February 19, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
The following tables present the amounts KPMG LLP billed for aggregate non-audit fees to each fund, Putnam Management and any entity controlling, controlled by or under common control with Putnam Management that provides ongoing services to the fund in each of the fund’s last two fiscal years ended prior to October 1, 2013: | | | Putnam Absolute Return 100 Fund | Oct. 31, 2012: $5,150 | Oct. 31, 2011: $5,000 |
| Putnam Absolute Return 300 Fund | Oct. 31, 2012: $5,150 | Oct. 31, 2011: $5,000 |
| Putnam Arizona Tax Exempt Income Fund | May 31, 2013: $6,300 | May 31, 2012: $6,100 |
| Putnam Asia Pacific Equity Fund | April 30, 2013: $3,450 | April 30, 2012: $3,350 |
| Putnam California Tax Exempt Income Fund | Sept. 30, 2013: $6,458 | Sept. 30, 2012: $6,300 |
| Putnam Convertible Securities Fund | Oct. 31, 2012: $4,100 | Oct. 31, 2011: $4,000 |
| Putnam Diversified Income Trust | Sept. 30, 2013: $6,458 | Sept. 30, 2012: $6,300 |
| Putnam Dynamic Risk AllocationFund (2)(1) | May 31, 2013: $4,650 | May 31, 2012: $4,500 |
| Putnam Emerging Markets Equity Fund | Aug. 31, 2013: $4,963 | Aug. 31, 2012: $4,850 |
| Putnam Equity Income Fund | Nov. 30, 2012: $4,100 | Nov. 30, 2011: $4,000 |
| Putnam Equity Spectrum Fund | April 30, 2013: $3,450 | April 31,30, 2012: $3,350 |
| Putnam Floating Rate Income Fund | Feb. 28, 2013: $6,900 | Feb. 28,29, 2012: $6,700 |
| Putnam Global Consumer Fund | Aug. 31, 2013: $4,300 | Aug. 31, 2012: $4,200 |
| Putnam Global Energy Fund | Aug. 31, 2013: $4,300 | Aug. 31, 2012: $4,200 |
|
| | | Putnam Global Equity Fund | Oct. 31, 2012: $4,650 | Oct. 31, 2011: $4,550 |
| Putnam Global Financials Fund | Aug. 31, 2013: $4,300 | Aug. 31, 2012: $4,200 |
| Putnam Global Industrials Fund | Aug. 31, 2013: $4,300 | Aug. 31, 2012: $4,200 |
| Putnam Global Natural Resources Fund | Aug. 31, 2013: $4,200 | Aug. 31, 2012: $4,100 |
| Putnam Global Technology Fund | Aug. 31, 2013: $4,300 | Aug. 31, 2012: $4,200 |
| Putnam Global Telecommunications Fund | Aug. 31, 2013: $4,300 | Aug. 31, 2012: $4,200 |
| Putnam Growth Opportunities Fund | July 31, 2013: $4,200 | July 31, 2012: $4,100 |
| Putnam High Yield Advantage Fund | Nov. 30, 2012: $4,450 | Nov. 30, 2011: $4,350 |
| Putnam High Yield Trust | Aug. 31, 2013: $6,457 | Aug. 31, 2012: $6,300 |
| Putnam Income Fund | Oct. 31, 2012: $6,300 | Oct. 31, 2011: $6,100 |
| Putnam Investors Fund | July 31, 2013: $4,200 | July 31, 2012: $4,100 |
| Putnam Low Volatility EquityFund (3)(2) | July 31, 2013: $3,500 | N/A |
| Putnam Managed Municipal Income Trust | Oct 31, 2012: $32,850 | Oct 31, 2011: $31,400 |
| Putnam Master Intermediate Income Trust | Sept 30, 2013: $6,458 | Sept 30, 2012: $6,300 |
| Putnam Money Market Liquidity Fund | Sept. 30, 2013: $3,425 | Sept. 30, 2012: $3,350 |
| Putnam Multi-Cap Core Fund | April 30, 2013: $2,950 | April 30, 2012: $2,900 |
| Putnam Multi-Cap Value Fund | April 30, 2013: $4,100 | April 30, , 2012: $4,000 |
| Putnam New York Tax Exempt Income Fund | Nov. 30, 2012: $6,300 | Nov. 30, 2011: $6,100 |
| Putnam Premier Income Trust | July 31, 2013: $6,458 | July 31, 2012: $6,300 |
| Putnam Research Fund | July 31, 2013: $4,200 | July 31, 2012: $4,100 |
| Putnam Short Duration IncomeFund (4)(3) | July 31, 2013: $4,100 | July 31, 2012 : $7,000 |
| Putnam Small Cap Value Fund | Feb 28, 2013: $4,100 | Feb. 28, 2012: $4,000 |
| Putnam Strategic Volatility EquityFund (5)(2) | July 31, 2013: $3,500 | N/A |
| Putnam Tax Exempt Income Fund | Sept. 30, 2013: $6,458 | Sept. 30, 2012: $6,300 |
| Putnam U.S. Government Income Trust | Sept. 30, 2013: $4,763 | Sept. 30, 2012: $4,650 |
|
(1) The amounts for the fund represent fees for the period September 19, 2011 (commencement of operations) to the fiscal period ended May 31, 2012.
(2) The amounts for the fund represent fees for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013. (3) The amounts for the fund represent fees for the period October 17, 2011 (commencement of operations) to the fiscal period ended July 31, 2012. Pre-Approval Policies of the Audit and Compliance Committee. The Audit and Compliance Committee of the Putnam funds has determined that, as a matter of policy, all work performed for the funds by the funds’ auditors will be preapproved by the Committee itself and thus will generally not be subject to pre-approval procedures. The Audit and Compliance Committee also has adopted a policy to pre-approve the engagement by Putnam Management and certain of its affiliates of the funds’ auditors, even in circumstances where pre-approval is not required by applicable law. Any such requests by Putnam Management or certain of its affiliates are typically submitted in writing to the Committee and explain, among other things, the nature of the proposed engagement, the estimated fees, and why this work should be performed by that particular audit firm as opposed to another one. In reviewing such requests, the Committee considers, among other things,whether the provision of such servicesbyservices by the audit firm are compatible with the independence of the audit firm. Since the beginning of the two most recently completed fiscal years of each fund ended prior to October 1, 2013, all work performed by the auditors for the funds, Putnam Management and any entity controlling, controlled by or under common control with Putnam Management that provides ongoing services to the funds was pre-approved by the Committee or a member of the Committee pursuant to the pre-approval policies discussed above. The following table presents fees billed to each indicated fund in each of its last two fiscal years ended prior to October 1, 2013 by PricewaterhouseCoopers LLP for services required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (funds not listed below were not billed for such services during their last two fiscal years):
| | | Putnam Absolute Return 500 Fund | Oct. 31, 2012: $122,500 | Oct. 31, 2012: $157,505 |
| Putnam Absolute Return 700 Fund | Oct. 31, 2012: $122,500 | Oct. 31, 2012: $157,505 |
| Putnam American Government Income Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam AMT-Free Municipal Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam Capital Opportunities Fund | April 30, 2013: $147,500 | April 31,30, 2012: $97,505 |
| Putnam Capital Spectrum Fund | April 30, 2013: $147,500 | April 31,30, 2012: $97,505 |
| Putnam Dynamic Asset Allocation Balanced Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam Dynamic Asset Allocation Conservative Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam Dynamic Asset Allocation Equity Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
| Putnam Dynamic Asset Allocation Growth Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam Europe Equity Fund | June 30, 2013: $147,500 | June 30, 2012: $76,005 |
| The Putnam Fund for Growth and Income | Oct. 31, 2012: $122,500 | Oct. 31, 2011: $157,505 |
| The George Putnam Fund of Boston (d/b/a | July 31, 2013: $147,500 | July 31, 2012: $45,000 | George Putnam Balanced Fund) | | |
| Putnam Global Health Care Fund | Aug. 31, 2013: $147,500 | Aug. 31, 2012: $45,000 |
| Putnam Global Income Trust | Oct. 31, 2012: $122,500 | Oct. 31, 2011: $157,505 |
| Putnam Global Sector Fund | Oct. 31, 2012: $122,500 | Oct. 31, 2011: $157,505 |
| Putnam Global Utilities Fund | Aug. 31, 2013: $147,500 | Aug. 31, 2012: $45,000 |
| Putnam High Income Securities Fund | Aug. 31, 2013: $147,500 | Aug. 31, 2013: $45,000 |
| Putnam International Capital Opportunities Fund | Aug. 31, 2013: $147,500 | Aug. 31, 2012: $45,000 |
| Putnam International Equity Fund | June 30, 2013: $147,500 | June 30, 2012: $76,005 |
| Putnam International Growth Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam International Value Fund | June 30, 2013: $147,500 | June 30, 2012: $76,005 |
| Putnam Massachusetts Tax Exempt Income Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
| Putnam Michigan Tax Exempt Income Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
| Putnam Minnesota Tax Exempt Income Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
| Putnam Money Market Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam Multi-Cap Growth Fund | June 30, 2013: $147,500 | June 30, 2012: $76,005 |
| Putnam Municipal Opportunities Trust | April 30, 2013: $147,500 | April 30, 2012: $97,505 |
| Putnam New Jersey Tax Exempt Income Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
| Putnam Ohio Tax Exempt Income Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
| Putnam Pennsylvania Tax Exempt Income Fund | May 31, 2013: $147,500 | May 31, 2012: $76,005 |
|
| | | Putnam RetirementReady 2055 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2050 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2045 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2040 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2035 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2030 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2025 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2020 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam RetirementReady 2015 Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam Retirement Income Fund Lifestyle 1 | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam Retirement Income Fund Lifestyle 2 | Aug. 31, 2013: $147,500 | Aug. 31, 2012: $45,000 |
| Putnam Retirement Income Fund Lifestyle 3 | Feb. 28, 2013: $147,500 | Feb. 28,29, 2012: $97,505 |
| Putnam Short Term InvestmentFund(1) | July 31, 2013: $147,500 | N/A |
| Putnam Small Cap Growth Fund | June 30, 2013: $147,500 | June 30, 2012: $76,005 |
| Putnam Tax Exempt Money Market Fund | Sept. 30, 2013: $150,000 | Sept. 30, 2012: $45,000 |
| Putnam Tax-Free High Yield Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
| Putnam Voyager Fund | July 31, 2013: $147,500 | July 31, 2012: $45,000 |
|
| | | Putnam VT Absolute Return 500 Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT American Government Income Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Capital Opportunities Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Diversified Income Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Equity Income Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT George Putnam Balanced Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Global Asset Allocation Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Global Equity Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Global Health Care Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Global Utilities Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Growth and Income Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Growth Opportunities Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT High Yield Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Income Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT International Equity Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT International Growth Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT International Value Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Investors Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Money Market Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Multi-Cap Growth Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Multi-Cap Value Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Research Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Small Cap Value Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
| Putnam VT Voyager Fund | Dec. 31, 2012: $147,500 | Dec. 31, 2011: $107,505 |
|
The following table presents fees billed to the indicated fund in each of its last two fiscal years ended prior to October 1, 2013 by KPMG LLP for services required to be approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X (funds not listed below were not billed for such services during their last two fiscal years):
| | | Putnam Global Energy Fund | Aug. 31, 2013: $147,500 | Aug. 31, 2012: $45,000 |
|
(1) The amounts for Putnam Short Term Investment Fund represent fees for the period February 19, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(2) The amounts for Putnam Dynamic Risk Allocation Fund represent fees for the period September 19, 2011 (commencement of operations) to the fiscal period ended May 31, 2012.
(3) The amounts for Putnam Low Volatility Equity Fund represent fees for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(4) The amounts for Putnam Short Duration Income Fund represent fees for the period October 17, 2011 (commencement of operations) to the fiscal period ended July 31, 2012.
(5) The amounts for Putnam Strategic Volatility Equity Fund represent fees for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
Appendix H — Dollar Range and Number of Shares Beneficially Owned The following tables show the number of shares beneficially owned by each Trustee and officer in each fund, as well as the value of those holdings in each fund and across all funds, as of September 30, 2013. Where the number of shares beneficially owned exceeds 1% percent of the class owned, the percentage is included in parentheses below. None of the Trustees or officers ownedofficersowned shares of Putnam Short Term Investment Fund, Putnam Money Market Liquidity Fund, Putnam RetirementReady 2055 Fund, Putnam RetirementReady 2045 Fund, Putnam RetirementReady 2035 Fund, or Putnam Retirement Ready 2035Short Term Investment Fund as of September 30, 2013. All references in the tables are to Class A shares unless otherwise indicated.
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam Absolute Return 100 Fund | Putnam Absolute Return 300 Fund | Putnam Absolute Return 500 Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 104.643 | $1-$10,000 | 106.966 | $1-$10,000 | 108.004 |
| Barbara M. Baumann | $1-$10,000 | 104.298 | $50,001-$100,000 | 6,488.024 | $10,001-$50,000 | 2,691.723 |
| Jameson A. Baxter | $10,001-$50,000 | 1,045.368 | Over $100,000 | 38,720.560 | Over $100,000 | 202,037.729 |
| Charles B. Curtis | $1-$10,000 | 104.643 | $1-$10,000 | 106.966 | $1-$10,000 | 108.004 |
| Robert J. Darretta | $1-$10,000 | 104.643 | $1-$10,000 | 106.966 | $1-$10,000 | 108.004 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | Over $100,000 | 50,441.354 | Over $100,000 | 74,137.906 | Over $100,000 | 24,810.108 |
| Paul L. Joskow | $1-$10,000 | 156.962 | $50,001-$100,000 | 7,472.394 | Over $100,000 | 14,015.141 |
| Kenneth R. Leibler | $1-$10,000 | 104.643 | $1-$10,000 | 106.966 | $1-$10,000 | 108.004 |
| Robert E. Patterson | $10,001-$50,000 | 2,110.387 | $10,001-$50,000 | 2,068.902 | $10,001-$50,000 | 2,044.506 |
| George Putnam, III | $10,001-$50,000 | 1,046.411 | $10,001-$50,000 | 1,066.463 | $10,001-$50,000 | 1,094.258 |
| *Robert L. Reynolds | $1-$10,000 | 104.643 | $1-$10,000 | 106.966 | Over $100,000 | 29,432.576 |
| W. Thomas Stephens | Over $100,000 | 139,505.146 | Over $100,000 | 121,498.303 | $1-$10,000 | 108.004 |
| Trustees and Officers | Over $100,000 | 195,133.141 | Over $100,000 | 16,618.449 | Over $100,000 | 31,173.258 | as a group | | (Class Y shares) | (Class A shares) | (Class A shares) | (Class A shares) | (Class A shares) | | | (2.65%) | Over $100,000 | 253,215.615 | Over $100,000 | 279,340.060 | | | | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | | | (1.13%) | | (1.46%) |
| | Putnam Absolute Return 700 Fund | Putnam American Government Income Fund | Putnam AMT-Free Municipal Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 109.654 | $1-$10,000 | 132.521 | $1-$10,000 | 119.842 |
| Barbara M. Baumann | $1-$10,000 | 107.723 | $1-$10,000 | 122.963 | $1-$10,000 | 112.630 |
| Jameson A. Baxter | $10,001-$50,000 | 1,090.009 | $1-$10,000 | 590.202 | $10,001-$50,000 | 695.050 |
| Charles B. Curtis | $1-$10,000 | 109.654 | $1-$10,000 | 179.473 | $1-$10,000 | 171.528 |
| Robert J. Darretta | $1-$10,000 | 109.654 | $1-$10,000 | 142.889 | $1-$10,000 | 128.025 |
| Katinka Domotorffy | $10,001-$50,000 | 1,143.054 | $1-$10,000 | 101.553 | $1-$10,000 | 102.605 |
| John A. Hill | Over $100,000 | 24,155.063 | $1-$10,000 | 1,019.479 | $1-$10,000 | 244.913 |
| Paul L. Joskow | $50,001-$100,000 | 5,983.578 | $10,001-$50,000 | 2,112.796 | $1-$10,000 | 196.329 |
| Kenneth R. Leibler | $1-$10,000 | 109.654 | $1-$10,000 | 147.323 | $1-$10,000 | 132.281 |
| Robert E. Patterson | $10,001-$50,000 | 1,992.929 | $10,001-$50,000 | 1,766.732 | $1-$10,000 | 145.993 |
| George Putnam, III | $10,001-$50,000 | 886.994 | $10,001-$50,000 | 4,487.381 | $10,001-$50,000 | 1,054.839 |
| *Robert L. Reynolds | Over $100,000 | 36,497.522 | $1-$10,000 | 133.515 | $1-$10,000 | 120.803 |
| W. Thomas Stephens | $1-$10,000 | 109.654 | $1-$10,000 | 465.140 | $1-$10,000 | 206.715 |
| Trustees and Officers | Over $100,000 | 73,536.655 | Over $100,000 | 14,615.695 | $50,001-$100,000 | 3,531.553 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam Arizona Tax Exempt Income Fund | Putnam Asia Pacific Equity Fund | Putnam California Tax Exempt Income Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 119.758 | $1-$10,000 | 128.250 | $1-$10,000 | 122.196 |
| Barbara M. Baumann | $1-$10,000 | 112.404 | $1-$10,000 | 123.269 | $1-$10,000 | 113.823 |
| Jameson A. Baxter | $1-$10,000 | 236.660 | $10,001-$50,000 | 3,295.194 | $1-$10,000 | 317.513 |
| Charles B. Curtis | $1-$10,000 | 169.147 | $1-$10,000 | 128.250 | $1-$10,000 | 183.472 |
| Robert J. Darretta | $1-$10,000 | 129.424 | $1-$10,000 | 128.250 | $1-$10,000 | 131.811 |
| Katinka Domotorffy | $1-$10,000 | 102.586 | $1-$10,000 | 100.000 | $1-$10,000 | 102.837 |
| John A. Hill | $1-$10,000 | 284.578 | $1-$10,000 | 128.250 | $1-$10,000 | 252.621 |
| Paul L. Joskow | $1-$10,000 | 211.107 | $1-$10,000 | 333.289 | $1-$10,000 | 245.637 |
| Kenneth R. Leibler | $1-$10,000 | 133.828 | $1-$10,000 | 128.250 | $1-$10,000 | 136.711 |
| Robert E. Patterson | $1-$10,000 | 147.614 | $1-$10,000 | 128.250 | $1-$10,000 | 156.353 |
| George Putnam, III | $10,001-$50,000 | 1,647.150 | $10,001-$50,000 | 1,318.079 | $10,001-$50,000 | 1,993.213 |
| *Robert L. Reynolds | $1-$10,000 | 121.138 | $1-$10,000 | 128.250 | $1-$10,000 | 123.455 |
| W. Thomas Stephens | $1-$10,000 | 201.619 | $1-$10,000 | 128.250 | $1-$10,000 | 222.009 |
| Trustees and Officers | $10,001-$50,000 | 3,717.013 | $50,001-$100,000 | 6,295.831 | $10,001-$50,000 | 4,201.651 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | (1.20%) | | (8.71%) | | |
| | Putnam Capital Opportunities Fund | Putnam Capital Spectrum Fund | Putnam Convertible Securities Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 98.309 | $1-$10,000 | 115.092 | $1-$10,000 | 116.151 |
| Barbara M. Baumann | $1-$10,000 | 97.968 | $50,001-$100,000 | 1,797.286 | $1-$10,000 | 110.090 |
| Jameson A. Baxter | $10,001-$50,000 | 2,063.767 | Over $100,000 | 7,758.620 | Over $100,000 | 8,448.000 |
| Charles B. Curtis | $1-$10,000 | 153.944 | $50,001-$100,000 | 2,908.455 | $1-$10,000 | 152.935 |
| Robert J. Darretta | $1-$10,000 | 109.298 | Over $100,000 | 8,367.237 | $1-$10,000 | 121.629 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 272.568 | $1-$10,000 | 102.122 |
| John A. Hill | Over $100,000 | 20,414.156 | Over $100,000 | 38,830.403 | Over $100,000 | 43,541.187 |
| Paul L. Joskow | $1-$10,000 | 265.527 | Over $100,000 | 6,552.954 | $50,001-$100,000 | 2,428.772 |
| Kenneth R. Leibler | $1-$10,000 | 123.183 | $1-$10,000 | 115.092 | $1-$10,000 | 124.045 |
| Robert E. Patterson | $10,001-$50,000 | 2,196.891 | $10,001-$50,000 | 1,190.590 | $50,001-$100,000 | 3,118.308 |
| George Putnam, III | $10,001-$50,000 | 1,724.396 | Over $100,000 | 29,220.627 | Over $100,000 | 15,499.206 |
| *Robert L. Reynolds | $1-$10,000 | 98.309 | Over $100,000 | 86,077.911 | $1-$10,000 | 116.151 |
| W. Thomas Stephens | $1-$10,000 | 144.616 | $1-$10,000 | 115.092 | $1-$10,000 | 247.656 |
| Trustees and Officers | Over $100,000 | 27,690.364 | Over $100,000 | 32,944.531 | Over $100,000 | 74,226.252 | as a group | (Class Y shares) | (Class Y shares) | (Class A shares) | (Class A shares) | (Class Y shares) | (Class Y shares) | | | | Over $100,000 | 193,446.338 | | | | | | (Class Y shares) | (Class Y shares) | | |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | | | Putnam Dynamic AssetAllocation | Putnam Dynamic Asset Allocation | | Putnam Diversified Income Trust | Balanced Fund | Conservative Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 149.929 | $1-$10,000 | 116.513 | $1-$10,000 | 115.636 |
| Barbara M. Baumann | $1-$10,000 | 122.176 | $10,001-$50,000 | 1,483.833 | $1-$10,000 | 107.061 |
| Jameson A. Baxter | Over $100,000 | 15,353.920 | Over $100,000 | 29,369.510 | $10,001-$50,000 | 1,534.204 |
| Charles B. Curtis | $1-$10,000 | 430.698 | $1-$10,000 | 146.274 | $1-$10,000 | 179.715 |
| Robert J. Darretta | $1-$10,000 | 168.961 | $1-$10,000 | 123.776 | $1-$10,000 | 123.123 |
| Katinka Domotorffy | $1-$10,000 | 104.590 | $1-$10,000 | 101.290 | $1-$10,000 | 101.399 |
| John A. Hill | Over $100,000 | 544,921.566 | Over $100,000 | 257,779.469 | Over $100,000 | 139,856.049 |
| Paul L. Joskow | $1-$10,000 | 672.594 | Over $100,000 | 12,850.285 | $1-$10,000 | 310.287 |
| Kenneth R. Leibler | $1-$10,000 | 175.946 | $1-$10,000 | 125.241 | $1-$10,000 | 125.837 |
| Robert E. Patterson | $10,001-$50,000 | 2,437.688 | $10,001-$50,000 | 1,459.345 | $10,001-$50,000 | 1,541.141 |
| George Putnam, III | $50,001-$100,000 | 9,433.961 | $10,001-$50,000 | 3,683.005 | $50,001-$100,000 | 5,666.704 |
| *Robert L. Reynolds | $1-$10,000 | 152.816 | $1-$10,000 | 116.513 | $1-$10,000 | 116.625 |
| W. Thomas Stephens | $1-$10,000 | 584.320 | Over $100,000 | 72,528.287 | $50,001-$100,000 | 6,314.521 |
| Trustees and Officers | Over $100,000 | 608,584.148 | Over $100,000 | 379,983.341 | Over $100,000 | 156,192.302 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | | | (4.35%) | | (2.51%) |
| | Putnam Dynamic Asset Allocation | Putnam Dynamic Asset Allocation | | | | Equity Fund | Growth Fund | Putnam Dynamic Risk Allocation Fund |
| Liaquat Ahamed | $0 | 0.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 179.092 | $1-$10,000 | 109.319 | $1-$10,000 | 105.350 |
| Barbara M. Baumann | $0 | 0.000 | $10,001-$50,000 | 1,274.465 | Over $100,000 | 27,521.836 |
| Jameson A. Baxter | $0 | 0.000 | Over $100,000 | 37,956.655 | Over $100,000 | 18,418.218 |
| Charles B. Curtis | $0 | 0.000 | Over $100,000 | 14,315.700 | $1-$10,000 | 103.963 |
| Robert J. Darretta | $0 | 0.000 | $1-$10,000 | 117.189 | $0 | 0.000 |
| Katinka Domotorffy | $0 | 0.000 | $10,001-$50,000 | 954.790 | $10,001-$50,000 | 1,275.497 |
| John A. Hill | $0 | 0.000 | Over $100,000 | 63,309.937 | $10,001-$50,000 | 937.207 |
| Paul L. Joskow | $0 | 0.000 | $10,001-$50,000 | 1,256.492 | $1-$10,000 | 160.270 |
| Kenneth R. Leibler | $0 | 0.000 | $1-$10,000 | 117.613 | $1-$10,000 | 103.963 |
| Robert E. Patterson | $0 | 0.000 | $10,001-$50,000 | 2,626.905 | $1-$10,000 | 519.818 |
| George Putnam, III | $0 | 0.000 | Over $100,000 | 21,140.250 | $10,001-$50,000 | 1,261.438 |
| *Robert L. Reynolds | $1-$10,000 | 179.092 | $1-$10,000 | 109.319 | Over $100,000 | 79,769.517 |
| W. Thomas Stephens | $0 | 0.000 | $1-$10,000 | 119.952 | $1-$10,000 | 103.963 |
| Trustees and Officers | $1-$10,000 | 358.184 | Over $100,000 | 181,838.825 | Over $100,000 | 130,381.041 | as a group | (Class A shares) | (Class A shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | (12.94%) | | (2.20%) | | |
|
| | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam Emerging Markets Equity Fund | Putnam Emerging Markets Income Fund | Putnam Equity Income Fund | Putnam Emerging Markets Equity Fund | Putnam Emerging Markets Income Fund | Putnam Equity Income Fund |
| Liaquat Ahamed | $50,001-$100,000 | 9,606.538 | $1-$10,000 | 100.354 | Over $100,000 | 5,033.215 | $50,001-$100,000 | 9,606.538 | $1-$10,000 | 100.354 | Over $100,000 | 5,033.215 |
| Ravi Akhoury | $1-$10,000 | 123.976 | $1-$10,000 | 101.889 | $1-$10,000 | 112.711 | $1-$10,000 | 123.976 | $1-$10,000 | 101.889 | $1-$10,000 | 112.711 |
| Barbara M. Baumann | $1-$10,000 | 118.864 | $10,001-$50,000 | 3,495.505 | $1-$10,000 | 109.771 | $1-$10,000 | 118.864 | $10,001-$50,000 | 3,495.505 | $1-$10,000 | 109.771 |
| Jameson A. Baxter | $10,001-$50,000 | 4,578.095 | $10,001-$50,000 | 4,989.678 | Over $100,000 | 21,612.177 | $10,001-$50,000 | 4,578.095 | $10,001-$50,000 | 4,989.678 | Over $100,000 | 21,612.177 |
| Charles B. Curtis | $1-$10,000 | 123.976 | $1-$10,000 | 101.889 | $1-$10,000 | 305.678 | $1-$10,000 | 123.976 | $1-$10,000 | 101.889 | $1-$10,000 | 305.678 |
| Robert J. Darretta | Over $100,000 | 21,120.632 | $1-$10,000 | 101.889 | $1-$10,000 | 232.375 | Over $100,000 | 21,120.632 | $1-$10,000 | 101.889 | $1-$10,000 | 232.375 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 101.889 | $1-$10,000 | 101.417 | $1-$10,000 | 100.000 | $1-$10,000 | 101.889 | $1-$10,000 | 101.417 |
| John A. Hill | Over $100,000 | 27,798.834 | $1-$10,000 | 101.889 | Over $100,000 | 44,660.143 | Over $100,000 | 27,798.834 | $1-$10,000 | 101.889 | Over $100,000 | 44,660.143 |
| Paul L. Joskow | $1-$10,000 | 197.098 | $1-$10,000 | 153.141 | Over $100,000 | 21,643.023 | $1-$10,000 | 197.098 | $1-$10,000 | 153.141 | Over $100,000 | 21,643.023 |
| Kenneth R. Leibler | $1-$10,000 | 123.976 | $1-$10,000 | 137.623 | $1-$10,000 | 106.435 | $1-$10,000 | 123.976 | $1-$10,000 | 137.623 | $1-$10,000 | 106.435 |
| Robert E. Patterson | $10,001-$50,000 | 3,161.419 | $1-$10,000 | 510.468 | $10,001-$50,000 | 2,210.809 | $10,001-$50,000 | 3,161.419 | $1-$10,000 | 510.468 | $10,001-$50,000 | 2,210.809 |
| George Putnam, III | $50,001-$100,000 | 10,016.065 | $10,001-$50,000 | 1,219.014 | Over $100,000 | 67,938.260 | $50,001-$100,000 | 10,016.065 | $10,001-$50,000 | 1,219.014 | Over $100,000 | 67,938.260 |
| *Robert L. Reynolds | Over $100,000 | 35,063.094 | $0 | 0.000 | $1-$10,000 | 112.711 | Over $100,000 | 35,063.094 | $0 | 0.000 | $1-$10,000 | 112.711 |
| W. Thomas Stephens | $1-$10,000 | 123.976 | $1-$10,000 | 101.889 | $1-$10,000 | 405.084 | $1-$10,000 | 123.976 | $1-$10,000 | 101.889 | $1-$10,000 | 405.084 |
| Trustees and Officers | Over $100,000 | 112,256.543 | Over $100,000 | 11,217.117 | Over $100,000 | 183,321.509 | Over $100,000 | 112,256.543 | Over $100,000 | 11,217.117 | Over $100,000 | 183,321.509 | as a group | (Class Y shares) | (Class Y shares) | | | (18.00%) | | (19.25%) | | | (18.00%) | | (19.25%) | |
| | Putnam Equity Spectrum Fund | Putnam Europe Equity Fund | Putnam Floating Rate Income Fund | Putnam Equity Spectrum Fund | Putnam Europe Equity Fund | Putnam Floating Rate Income Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 113.162 | $1-$10,000 | 109.352 | $1-$10,000 | 123.733 | $1-$10,000 | 113.162 | $1-$10,000 | 109.352 | $1-$10,000 | 123.733 |
| Barbara M. Baumann | $10,001-$50,000 | 781.358 | $1-$10,000 | 108.826 | $1-$10,000 | 116.065 | $10,001-$50,000 | 781.358 | $1-$10,000 | 108.826 | $1-$10,000 | 116.065 |
| Jameson A. Baxter | Over $100,000 | 7,246.957 | $50,001-$100,000 | 3,050.605 | $10,001-$50,000 | 3,095.213 | Over $100,000 | 7,246.957 | $50,001-$100,000 | 3,050.605 | $10,001-$50,000 | 3,095.213 |
| Charles B. Curtis | Over $100,000 | 2,651.288 | $1-$10,000 | 146.502 | $1-$10,000 | 150.959 | Over $100,000 | 2,651.288 | $1-$10,000 | 146.502 | $1-$10,000 | 150.959 |
| Robert J. Darretta | $1-$10,000 | 113.162 | $1-$10,000 | 133.416 | $1-$10,000 | 136.357 | $1-$10,000 | 113.162 | $1-$10,000 | 133.416 | $1-$10,000 | 136.357 |
| Katinka Domotorffy | $10,001-$50,000 | 330.999 | $1-$10,000 | 100.000 | $1-$10,000 | 103.183 | $10,001-$50,000 | 330.999 | $1-$10,000 | 100.000 | $1-$10,000 | 103.183 |
| John A. Hill | Over $100,000 | 38,269.936 | Over $100,000 | 5,758.005 | Over $100,000 | 185,757.262 | Over $100,000 | 38,269.936 | Over $100,000 | 5,758.005 | Over $100,000 | 185,757.262 |
| Paul L. Joskow | Over $100,000 | 2,968.347 | $10,001-$50,000 | 649.107 | $1-$10,000 | 278.337 | Over $100,000 | 2,968.347 | $10,001-$50,000 | 649.107 | $1-$10,000 | 278.337 |
| Kenneth R. Leibler | $1-$10,000 | 113.162 | $1-$10,000 | 136.314 | $1-$10,000 | 143.048 | $1-$10,000 | 113.162 | $1-$10,000 | 136.314 | $1-$10,000 | 143.048 |
| Robert E. Patterson | $10,001-$50,000 | 1,069.762 | $10,001-$50,000 | 1,479.521 | $10,001-$50,000 | 1,504.097 | $10,001-$50,000 | 1,069.762 | $10,001-$50,000 | 1,479.521 | $10,001-$50,000 | 1,504.097 |
| George Putnam, III | $10,001-$50,000 | 1,245.336 | $10,001-$50,000 | 1,304.702 | $10,001-$50,000 | 5,414.717 | $10,001-$50,000 | 1,245.336 | $10,001-$50,000 | 1,304.702 | $10,001-$50,000 | 5,414.717 |
| *Robert L. Reynolds | Over $100,000 | 26,822.511 | $1-$10,000 | 109.352 | $1-$10,000 | 125.077 | Over $100,000 | 26,822.511 | $1-$10,000 | 109.352 | $1-$10,000 | 125.077 |
| W. Thomas Stephens | $1-$10,000 | 113.162 | $1-$10,000 | 180.923 | $50,001-$100,000 | 8,180.438 | $1-$10,000 | 113.162 | $1-$10,000 | 180.923 | $50,001-$100,000 | 8,180.438 |
| Trustees and Officers | Over $100,000 | 39,521.217 | Over $100,000 | 13,366.624 | Over $100,000 | 206,809.472 | Over $100,000 | 39,521.217 | Over $100,000 | 13,366.624 | Over $100,000 | 206,809.472 | as a group | (Class A shares) | (Class Y shares) | (Class A shares) | (Class Y shares) | | Over $100,000 | 89,442.144 | | (2.39%) | | Over $100,000 | 89,442.144 | | (2.39%) | | | (Class Y shares) | | (Class Y shares) | |
| | The George Putnam Fund of Boston | | The Putnam Fund for Growth and Income | The George Putnam Fund of Boston | | | (d/b/a George Putnam Balanced Fund) | Putnam Global Consumer Fund | Putnam Global Dividend Fund | | (d/b/a George Putnam Balanced Fund) | Putnam Global Consumer Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 108.848 | $1-$10,000 | 123.616 | $1-$10,000 | 100.736 | Over $100,000 | 7,243.008 | $1-$10,000 | 108.848 | $1-$10,000 | 123.616 |
| Barbara M. Baumann | $1-$10,000 | 104.772 | $1-$10,000 | 119.409 | $10,001-$50,000 | 1,037.433 | $10,001-$50,000 | 1,790.177 | $1-$10,000 | 104.772 | $1-$10,000 | 119.409 |
| Jameson A. Baxter | Over $100,000 | 15,569.572 | $10,001-$50,000 | 651.294 | $50,001-$100,000 | 4,787.845 | Over $100,000 | 15,159.070 | Over $100,000 | 15,569.572 | $10,001-$50,000 | 651.294 |
| Charles B. Curtis | $1-$10,000 | 389.724 | $1-$10,000 | 123.616 | $1-$10,000 | 100.736 | $1-$10,000 | 286.941 | $1-$10,000 | 389.724 | $1-$10,000 | 123.616 |
| Robert J. Darretta | $1-$10,000 | 131.391 | $1-$10,000 | 123.616 | $1-$10,000 | 100.736 | $1-$10,000 | 234.871 | $1-$10,000 | 131.391 | $1-$10,000 | 123.616 |
| Katinka Domotorffy | $1-$10,000 | 101.244 | $1-$10,000 | 100.000 | $1-$10,000 | 100.736 | $1-$10,000 | 100.993 | $1-$10,000 | 101.244 | $1-$10,000 | 100.000 |
| John A. Hill | Over $100,000 | 24,273.749 | $1-$10,000 | 100.000 | $1-$10,000 | 100.736 | Over $100,000 | 61,769.013 | Over $100,000 | 24,273.749 | $1-$10,000 | 100.000 |
| Paul L. Joskow | $10,001-$50,000 | 2,505.334 | $1-$10,000 | 180.547 | $1-$10,000 | 150.953 | Over $100,000 | 9,351.476 | $10,001-$50,000 | 2,505.334 | $1-$10,000 | 180.547 |
| Kenneth R. Leibler | $1-$10,000 | 145.756 | $1-$10,000 | 123.616 | $1-$10,000 | 172.087 | $1-$10,000 | 253.445 | $1-$10,000 | 145.756 | $1-$10,000 | 123.616 |
| Robert E. Patterson | $10,001-$50,000 | 1,546.096 | $10,001-$50,000 | 966.899 | $1-$10,000 | 499.684 | $10,001-$50,000 | 1,453.591 | $10,001-$50,000 | 1,546.096 | $10,001-$50,000 | 966.899 |
| George Putnam, III | Over $100,000 | 88,710.764 | $10,001-$50,000 | 1,392.068 | $10,001-$50,000 | 1,208.835 | Over $100,000 | 14,861.585 | Over $100,000 | 88,710.764 | $10,001-$50,000 | 1,392.068 |
| *Robert L. Reynolds | $1-$10,000 | 110.529 | $1-$10,000 | 123.616 | $0 | 0.000 | Over $100,000 | 56,077.644 | $1-$10,000 | 110.529 | $1-$10,000 | 123.616 |
| W. Thomas Stephens | $1-$10,000 | 386.516 | $1-$10,000 | 123.616 | $1-$10,000 | 100.736 | $1-$10,000 | 387.739 | $1-$10,000 | 386.516 | $1-$10,000 | 123.616 |
| Trustees and Officers | Over $100,000 | 142,891.035 | $50,001-$100,000 | 4,351.913 | $50,001-$100,000 | 8,561.253 | Over $100,000 | 187,750.104 | Over $100,000 | 142,891.035 | $50,001-$100,000 | 4,351.913 | as a group | | (Class Y shares) | (Class Y shares) | | (Class Y shares) | | | (2.00%) | | (2.35%) | | (25.30%) | | (7.80%) | | (2.00%) | | (2.35%) |
|
| | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam Global Energy Fund | Putnam Global Equity Fund | Putnam Global Financials Fund | Putnam Global Dividend Fund | Putnam Global Energy Fund | Putnam Global Equity Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 112.684 | Over $100,000 | 31,993.300 | $1-$10,000 | 118.048 | $1-$10,000 | 100.736 | $1-$10,000 | 112.684 | Over $100,000 | 31,993.300 |
| Barbara M. Baumann | $1-$10,000 | 109.797 | $10,001-$50,000 | 1,818.281 | $1-$10,000 | 112.336 | $10,001-$50,000 | 1,037.433 | $1-$10,000 | 109.797 | $10,001-$50,000 | 1,818.281 |
| Jameson A. Baxter | $1-$10,000 | 543.313 | Over $100,000 | 11,740.043 | $1-$10,000 | 677.665 | $50,001-$100,000 | 4,787.845 | $1-$10,000 | 543.313 | Over $100,000 | 11,740.043 |
| Charles B. Curtis | $1-$10,000 | 112.684 | $1-$10,000 | 471.303 | $1-$10,000 | 118.048 | $1-$10,000 | 100.736 | $1-$10,000 | 112.684 | $1-$10,000 | 471.303 |
| Robert J. Darretta | $1-$10,000 | 112.684 | $1-$10,000 | 107.371 | $1-$10,000 | 118.048 | $1-$10,000 | 100.736 | $1-$10,000 | 112.684 | $1-$10,000 | 107.371 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.736 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | $1-$10,000 | 100.000 | Over $100,000 | 40,281.555 | $1-$10,000 | 100.000 | $1-$10,000 | 100.736 | $1-$10,000 | 100.000 | Over $100,000 | 40,281.555 |
| Paul L. Joskow | $1-$10,000 | 155.926 | $1-$10,000 | 680.497 | $1-$10,000 | 170.922 | $1-$10,000 | 150.953 | $1-$10,000 | 155.926 | $1-$10,000 | 680.497 |
| Kenneth R. Leibler | $1-$10,000 | 112.684 | $1-$10,000 | 109.075 | $1-$10,000 | 118.048 | $1-$10,000 | 172.087 | $1-$10,000 | 112.684 | $1-$10,000 | 109.075 |
| Robert E. Patterson | $10,001-$50,000 | 961.207 | $50,001-$100,000 | 5,502.941 | $10,001-$50,000 | 952.640 | $1-$10,000 | 499.684 | $10,001-$50,000 | 961.207 | $50,001-$100,000 | 5,502.941 |
| George Putnam, III | $10,001-$50,000 | 1,252.032 | Over $100,000 | 131,724.514 | $10,001-$50,000 | 1,648.729 | $10,001-$50,000 | 1,208.835 | $10,001-$50,000 | 1,252.032 | Over $100,000 | 131,724.514 |
| *Robert L. Reynolds | $1-$10,000 | 112.684 | Over $100,000 | 84,469.387 | $1-$10,000 | 118.048 | $0 | 0.000 | $1-$10,000 | 112.684 | Over $100,000 | 84,469.387 |
| W. Thomas Stephens | $1-$10,000 | 112.684 | $1-$10,000 | 664.537 | $1-$10,000 | 118.048 | $1-$10,000 | 100.736 | $1-$10,000 | 112.684 | $1-$10,000 | 664.537 |
| Trustees and Officers | $50,001- $100,000 | 3,998.379 | Over $100,000 | 349,947.858 | $50,001-$100,000 | 4,570.580 | $50,001-$100,000 | 8,561.253 | $50,001-$100,000 | 3,998.379 | Over $100,000 | 349,947.858 | as a group | (Class Y shares) | (Class Y shares) | | | (4.01%) | | (15.76%) | | (1.32%) | | (25.30%) | | (4.01%) | | (15.76%) |
| | Putnam Global Health Care Fund | Putnam Global Income Trust | Putnam Global Industrials Fund | Putnam Global Financials Fund | Putnam Global Health Care Fund | Putnam Global Income Trust |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 100.000 | $1-$10,000 | 135.892 | Over $100,000 | 6,123.831 | $1-$10,000 | 118.048 | $1-$10,000 | 100.000 | $1-$10,000 | 135.892 |
| Barbara M. Baumann | $1-$10,000 | 124.348 | $1-$10,000 | 114.699 | $1-$10,000 | 116.690 | $1-$10,000 | 112.336 | $1-$10,000 | 124.348 | $1-$10,000 | 114.699 |
| Jameson A. Baxter | $10,001-$50,000 | 284.691 | $10,001-$50,000 | 1,407.542 | $10,001-$50,000 | 632.441 | $1-$10,000 | 677.665 | $10,001-$50,000 | 284.691 | $10,001-$50,000 | 1,407.542 |
| Charles B. Curtis | $10,001-$50,000 | 202.365 | $1-$10,000 | 203.128 | $1-$10,000 | 121.430 | $1-$10,000 | 118.048 | $10,001-$50,000 | 202.365 | $1-$10,000 | 203.128 |
| Robert J. Darretta | $1-$10,000 | 159.427 | $1-$10,000 | 148.369 | $1-$10,000 | 121.430 | $1-$10,000 | 118.048 | $1-$10,000 | 159.427 | $1-$10,000 | 148.369 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 102.495 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 102.495 |
| John A. Hill | Over $100,000 | 5,814.358 | $10,001-$50,000 | 828.491 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | Over $100,000 | 5,814.358 | $10,001-$50,000 | 828.491 |
| Paul L. Joskow | $10,001-$50,000 | 658.879 | $1-$10,000 | 279.523 | $1-$10,000 | 171.026 | $1-$10,000 | 170.922 | $10,001-$50,000 | 658.879 | $1-$10,000 | 279.523 |
| Kenneth R. Leibler | $10,001-$50,000 | 176.238 | $1-$10,000 | 152.733 | $1-$10,000 | 121.430 | $1-$10,000 | 118.048 | $10,001-$50,000 | 176.238 | $1-$10,000 | 152.733 |
| Robert E. Patterson | $10,001-$50,000 | 451.269 | $10,001-$50,000 | 1,225.932 | $10,001-$50,000 | 954.932 | $10,001-$50,000 | 952.640 | $10,001-$50,000 | 451.269 | $10,001-$50,000 | 1,225.932 |
| George Putnam, III | Over $100,000 | 5,550.336 | $50,001-$100,000 | 5,855.879 | $10,001-$50,000 | 1,499.116 | $10,001-$50,000 | 1,648.729 | Over $100,000 | 5,550.336 | $50,001-$100,000 | 5,855.879 |
| *Robert L. Reynolds | $1-$10,000 | 124.758 | Over $100,000 | 53,972.042 | $1-$10,000 | 121.430 | $1-$10,000 | 118.048 | $1-$10,000 | 124.758 | Over $100,000 | 53,972.042 |
| W. Thomas Stephens | $10,001-$50,000 | 270.003 | $1-$10,000 | 254.854 | $1-$10,000 | 121.430 | $1-$10,000 | 118.048 | $10,001-$50,000 | 270.003 | $1-$10,000 | 254.854 |
| Trustees and Officers | Over $100,000 | 14,116.672 | Over $100,000 | 64,781.579 | Over $100,000 | 10,405.186 | $50,001-$100,000 | 4,570.580 | Over $100,000 | 14,116.672 | Over $100,000 | 64,781.579 | as a group | (Class Y shares) | (Class Y shares) | | | (2.67%) | | (1.93%) | | (9.48%) | | (1.32%) | | (2.67%) | | (1.93%) |
| | Putnam Global Natural Resources Fund | Putnam Global Sector Fund | Putnam Global Technology Fund | Putnam Global Industrials Fund | Putnam Global Natural Resources Fund | Putnam Global Sector Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $0 | 0.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $0 | 0.000 |
| Ravi Akhoury | $1-$10,000 | 100.000 | $1-$10,000 | 115.385 | Over $100,000 | 6,442.709 | Over $100,000 | 6,123.831 | $1-$10,000 | 100.000 | $1-$10,000 | 115.385 |
| Barbara M. Baumann | $1-$10,000 | 105.303 | $1-$10,000 | 115.385 | $1-$10,000 | 107.004 | $1-$10,000 | 116.690 | $1-$10,000 | 105.303 | $1-$10,000 | 115.385 |
| Jameson A. Baxter | $10,001-$50,000 | 1,531.423 | $10,001-$50,000 | 1,210.751 | $1-$10,000 | 543.000 | $10,001-$50,000 | 632.441 | $10,001-$50,000 | 1,531.423 | $10,001-$50,000 | 1,210.751 |
| Charles B. Curtis | $1-$10,000 | 243.405 | $1-$10,000 | 115.385 | $1-$10,000 | 113.595 | $1-$10,000 | 121.430 | $1-$10,000 | 243.405 | $1-$10,000 | 115.385 |
| Robert J. Darretta | $1-$10,000 | 151.832 | $1-$10,000 | 115.385 | $1-$10,000 | 113.595 | $1-$10,000 | 121.430 | $1-$10,000 | 151.832 | $1-$10,000 | 115.385 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | Over $100,000 | 13,314.092 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | Over $100,000 | 13,314.092 | $1-$10,000 | 100.000 |
| Paul L. Joskow | $1-$10,000 | 265.023 | $1-$10,000 | 174.119 | $1-$10,000 | 160.747 | $1-$10,000 | 171.026 | $1-$10,000 | 265.023 | $1-$10,000 | 174.119 |
| Kenneth R. Leibler | $1-$10,000 | 170.275 | $1-$10,000 | 115.385 | $1-$10,000 | 113.595 | $1-$10,000 | 121.430 | $1-$10,000 | 170.275 | $1-$10,000 | 115.385 |
| Robert E. Patterson | $10,001-$50,000 | 552.319 | $10,001-$50,000 | 3,373.430 | $10,001-$50,000 | 807.525 | $10,001-$50,000 | 954.932 | $10,001-$50,000 | 552.319 | $10,001-$50,000 | 3,373.430 |
| George Putnam, III | Over $100,000 | 7,087.907 | $10,001-$50,000 | 2,319.288 | $10,001-$50,000 | 1,232.058 | $10,001-$50,000 | 1,499.116 | Over $100,000 | 7,087.907 | $10,001-$50,000 | 2,319.288 |
| *Robert L. Reynolds | $1-$10,000 | 106.420 | Over $100,000 | 35,210.585 | $1-$10,000 | 113.595 | $1-$10,000 | 121.430 | $1-$10,000 | 106.420 | Over $100,000 | 35,210.585 |
| W. Thomas Stephens | $1-$10,000 | 308.912 | $1-$10,000 | 115.385 | $1-$10,000 | 113.595 | $1-$10,000 | 121.430 | $1-$10,000 | 308.912 | $1-$10,000 | 115.385 |
| Trustees and Officers | Over $100,000 | 24,136.911 | Over $100,000 | 43,614.711 | Over $100,000 | 10,161.018 | Over $100,000 | 10,405.186 | Over $100,000 | 24,136.911 | Over $100,000 | 43,614.711 | as a group | (Class Y shares) | (Class Y shares) | | | (1.04%) | | (16.21%) | | (9.42%) | | (9.48%) | | (1.04%) | | (16.21%) |
|
| | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
|
|
| | Putnam Global Telecommunications Fund | Putnam Global Utilities Fund | The Putnam Fund for Growth and Income | Putnam Global Technology Fund | Putnam Global Telecommunications Fund | Putnam Global Utilities Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 118.604 | $1-$10,000 | 115.940 | Over $100,000 | 7,243.008 | Over $100,000 | 6,442.709 | $1-$10,000 | 118.604 | $1-$10,000 | 115.940 |
| Barbara M. Baumann | $1-$10,000 | 114.516 | $1-$10,000 | 110.207 | $10,001-$50,000 | 1,790.177 | $1-$10,000 | 107.004 | $1-$10,000 | 114.516 | $1-$10,000 | 110.207 |
| Jameson A. Baxter | $10,001-$50,000 | 630.868 | $1-$10,000 | 784.327 | Over $100,000 | 15,159.070 | $1-$10,000 | 543.000 | $10,001-$50,000 | 630.868 | $1-$10,000 | 784.327 |
| Charles B. Curtis | $1-$10,000 | 118.604 | $1-$10,000 | 142.713 | $1-$10,000 | 286.941 | $1-$10,000 | 113.595 | $1-$10,000 | 118.604 | $1-$10,000 | 142.713 |
| Robert J. Darretta | $1-$10,000 | 118.604 | $1-$10,000 | 119.959 | $1-$10,000 | 234.871 | $1-$10,000 | 113.595 | $1-$10,000 | 118.604 | $1-$10,000 | 119.959 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 102.009 | $1-$10,000 | 100.993 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 102.009 |
| John A. Hill | $1-$10,000 | 100.000 | $10,001-$50,000 | 4,082.111 | Over $100,000 | 61,769.013 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $10,001-$50,000 | 4,082.111 |
| Paul L. Joskow | $1-$10,000 | 175.448 | $10,001-$50,000 | 1,196.697 | Over $100,000 | 9,351.476 | $1-$10,000 | 160.747 | $1-$10,000 | 175.448 | $10,001-$50,000 | 1,196.697 |
| Kenneth R. Leibler | $1-$10,000 | 118.604 | $1-$10,000 | 121.175 | $1-$10,000 | 253.445 | $1-$10,000 | 113.595 | $1-$10,000 | 118.604 | $1-$10,000 | 121.175 |
| Robert E. Patterson | $10,001-$50,000 | 1,155.893 | $1-$10,000 | 868.137 | $10,001-$50,000 | 1,453.591 | $10,001-$50,000 | 807.525 | $10,001-$50,000 | 1,155.893 | $1-$10,000 | 868.137 |
| George Putnam, III | $10,001-$50,000 | 1,392.059 | $10,001-$50,000 | 2,631.185 | Over $100,000 | 14,861.585 | $10,001-$50,000 | 1,232.058 | $10,001-$50,000 | 1,392.059 | $10,001-$50,000 | 2,631.185 |
| *Robert L. Reynolds | $1-$10,000 | 118.604 | $1-$10,000 | 115.940 | Over $100,000 | 56,077.644 | $1-$10,000 | 113.595 | $1-$10,000 | 118.604 | $1-$10,000 | 115.940 |
| W. Thomas Stephens | $1-$10,000 | 118.604 | $1-$10,000 | 197.897 | $1-$10,000 | 387.739 | $1-$10,000 | 113.595 | $1-$10,000 | 118.604 | $1-$10,000 | 197.897 |
| Trustees and Officers | $50,001-$100,000 | 4,480.408 | Over $100,000 | 10,688.297 | Over $100,000 | 187,750.104 | Over $100,000 | 10,161.018 | $50,001-$100,000 | 4,480.408 | Over $100,000 | 10,688.297 | as a group | (Class Y shares) | (Class Y shares) | | | (1.97%) | | (3.36%) | | (7.80%) | | (9.42%) | | (1.97%) | | (3.36%) |
| | Putnam Growth Opportunities Fund | Putnam High Income Securities Fund | Putnam High Yield Advantage Fund | Putnam Growth Opportunities Fund | Putnam High Income Securities Fund | Putnam High Yield Advantage Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 134.237 | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 134.237 |
| Barbara M. Baumann | $1-$10,000 | 97.508 | $1-$10,000 | 100.000 | $1-$10,000 | 119.319 | $1-$10,000 | 97.508 | $1-$10,000 | 100.000 | $1-$10,000 | 119.319 |
| Jameson A. Baxter | $10,001-$50,000 | 469.622 | $10,001-$50,000 | 2,535.933 | $10,001-$50,000 | 4,141.809 | $10,001-$50,000 | 469.622 | $10,001-$50,000 | 2,535.933 | $10,001-$50,000 | 4,141.809 |
| Charles B. Curtis | $1-$10,000 | 103.734 | $1-$10,000 | 594.893 | $1-$10,000 | 259.163 | $1-$10,000 | 103.734 | $1-$10,000 | 594.893 | $1-$10,000 | 259.163 |
| Robert J. Darretta | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 153.583 | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 153.583 |
| Katinka Domotorffy | $1-$10,000 | 100.072 | $1-$10,000 | 100.000 | $1-$10,000 | 104.598 | $1-$10,000 | 100.072 | $1-$10,000 | 100.000 | $1-$10,000 | 104.598 |
| John A. Hill | $50,001-$100,000 | 2,480.183 | Over $100,000 | 101,499.504 | Over $100,000 | 24,753.084 | $50,001-$100,000 | 2,480.183 | Over $100,000 | 101,499.504 | Over $100,000 | 24,753.084 |
| Paul L. Joskow | $10,001-$50,000 | 817.361 | $1-$10,000 | 334.000 | $10,001-$50,000 | 6,489.662 | $10,001-$50,000 | 817.361 | $1-$10,000 | 334.000 | $10,001-$50,000 | 6,489.662 |
| Kenneth R. Leibler | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 162.202 | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 162.202 |
| Robert E. Patterson | $10,001-$50,000 | 2,101.890 | $1-$10,000 | 1,084.000 | $10,001-$50,000 | 3,140.674 | $10,001-$50,000 | 2,101.890 | $1-$10,000 | 1,084.000 | $10,001-$50,000 | 3,140.674 |
| George Putnam, III | $50,001-$100,000 | 2,727.960 | $10,001-$50,000 | 1,670.000 | $10,001-$50,000 | 5,632.384 | $50,001-$100,000 | 2,727.960 | $10,001-$50,000 | 1,670.000 | $10,001-$50,000 | 5,632.384 |
| *Robert L. Reynolds | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 136.411 | $1-$10,000 | 97.919 | $1-$10,000 | 100.000 | $1-$10,000 | 136.411 |
| W. Thomas Stephens | $1-$10,000 | 96.202 | $1-$10,000 | 100.000 | $1-$10,000 | 367.009 | $1-$10,000 | 96.202 | $1-$10,000 | 100.000 | $1-$10,000 | 367.009 |
| Trustees and Officers | Over $100,000 | 9,486.208 | Over $100,000 | 108,518.330 | Over $100,000 | 45,694.134 | Over $100,000 | 9,486.208 | Over $100,000 | 108,518.330 | Over $100,000 | 45,694.134 | as a group | (Class Y shares) | | (Class Y shares) | (Class Y shares) | | (Class Y shares) | | | (1.83%) | | | (1.83%) | |
| | | Putnam Intermediate-Term Municipal | | Putnam Intermediate-Term Municipal | | Putnam High Yield Trust | Putnam Income Fund | Income Fund | Putnam High Yield Trust | Putnam Income Fund | Income Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 140.929 | $1-$10,000 | 125.327 | $1-$10,000 | 100.481 | $1-$10,000 | 140.929 | $1-$10,000 | 125.327 | $1-$10,000 | 100.481 |
| Barbara M. Baumann | $1-$10,000 | 125.163 | $1-$10,000 | 111.868 | $1-$10,000 | 107.435 | $1-$10,000 | 125.163 | $1-$10,000 | 111.868 | $1-$10,000 | 107.435 |
| Jameson A. Baxter | Over $100,000 | 25,520.140 | $50,001-$100,000 | 10,057.203 | $10,001-$50,000 | 2,482.449 | Over $100,000 | 25,520.140 | $50,001-$100,000 | 10,057.203 | $10,001-$50,000 | 2,482.449 |
| Charles B. Curtis | $1-$10,000 | 737.556 | $1-$10,000 | 184.501 | $1-$10,000 | 100.481 | $1-$10,000 | 737.556 | $1-$10,000 | 184.501 | $1-$10,000 | 100.481 |
| Robert J. Darretta | $1-$10,000 | 160.722 | $1-$10,000 | 140.529 | $1-$10,000 | 100.468 | $1-$10,000 | 160.722 | $1-$10,000 | 140.529 | $1-$10,000 | 100.468 |
| Katinka Domotorffy | $1-$10,000 | 104.914 | $1-$10,000 | 102.678 | $1-$10,000 | 100.477 | $1-$10,000 | 104.914 | $1-$10,000 | 102.678 | $1-$10,000 | 100.477 |
| John A. Hill | Over $100,000 | 23,816.490 | Over $100,000 | 123,371.447 | $1-$10,000 | 100.482 | Over $100,000 | 23,816.490 | Over $100,000 | 123,371.447 | $1-$10,000 | 100.482 |
| Paul L. Joskow | $50,001-$100,000 | 11,754.080 | $1-$10,000 | 314.336 | $1-$10,000 | 150.139 | $50,001-$100,000 | 11,754.080 | $1-$10,000 | 314.336 | $1-$10,000 | 150.139 |
| Kenneth R. Leibler | $1-$10,000 | 169.657 | $1-$10,000 | 145.627 | $1-$10,000 | 141.209 | $1-$10,000 | 169.657 | $1-$10,000 | 145.627 | $1-$10,000 | 141.209 |
| Robert E. Patterson | $10,001-$50,000 | 2,552.998 | $10,001-$50,000 | 2,205.501 | $1-$10,000 | 150.137 | $10,001-$50,000 | 2,552.998 | $10,001-$50,000 | 2,205.501 | $1-$10,000 | 150.137 |
| George Putnam, III | Over $100,000 | 17,961.793 | $50,001-$100,000 | 9,029.830 | $10,001-$50,000 | 1,191.164 | Over $100,000 | 17,961.793 | $50,001-$100,000 | 9,029.830 | $10,001-$50,000 | 1,191.164 |
| *Robert L. Reynolds | Over $100,000 | 86,573.951 | Over $100,000 | 270,420.061 | $0 | 0.000 | Over $100,000 | 86,573.951 | Over $100,000 | 270,420.061 | $0 | 0.000 |
| W. Thomas Stephens | $1-$10,000 | 657.898 | $1-$10,000 | 223.778 | $1-$10,000 | 100.464 | $1-$10,000 | 657.898 | $1-$10,000 | 223.778 | $1-$10,000 | 100.464 |
| Trustees and Officers | Over $100,000 | 173,464.389 | Over $100,000 | 416,532.685 | $50,001-$100,000 | 4,925.386 | Over $100,000 | 173,464.389 | Over $100,000 | 416,532.685 | $50,001-$100,000 | 4,925.386 | as a group | (Class Y shares) | (Class Y shares) | | | (2.06%) | | (71.06%) | | (2.06%) | | (71.06%) |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam International Capital | | | | | | Opportunities Fund | Putnam International Equity Fund | Putnam International Growth Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 105.863 | $1-$10,000 | 110.623 | $1-$10,000 | 107.890 |
| Barbara M. Baumann | $1-$10,000 | 105.456 | $50,001-$100,000 | 2,497.851 | $1-$10,000 | 105.224 |
| Jameson A. Baxter | Over $100,000 | 5,722.878 | Over $100,000 | 9,092.764 | $50,001-$100,000 | 3,872.102 |
| Charles B. Curtis | Over $100,000 | 4,955.663 | Over $100,000 | 7,346.703 | $1-$10,000 | 114.312 |
| Robert J. Darretta | $1-$10,000 | 113.797 | $1-$10,000 | 136.522 | $1-$10,000 | 109.354 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | $10,001-$50,000 | 908.420 | Over $100,000 | 26,187.209 | $50,001-$100,000 | 5,304.943 |
| Paul L. Joskow | $10,001-$50,000 | 485.776 | $50,001-$100,000 | 3,802.013 | $10,001-$50,000 | 1,539.402 |
| Kenneth R. Leibler | $1-$10,000 | 116.102 | $1-$10,000 | 146.016 | $1-$10,000 | 109.840 |
| Robert E. Patterson | $50,001-$100,000 | 2,082.100 | $50,001-$100,000 | 3,710.962 | $50,001-$100,000 | 4,327.143 |
| George Putnam, III | $50,001-$100,000 | 1,959.194 | Over $100,000 | 6,094.261 | Over $100,000 | 7,844.186 |
| *Robert L. Reynolds | $1-$10,000 | 105.863 | Over $100,000 | 11,451.057 | $1-$10,000 | 107.890 |
| W. Thomas Stephens | $1-$10,000 | 137.788 | $1-$10,000 | 260.595 | $1-$10,000 | 159.563 |
| Trustees and Officers | Over $100,000 | 18,971.674 | Over $100,000 | 76,185.736 | Over $100,000 | 25,408.425 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | | | (2.95%) | | (2.38%) |
| | Putnam International Value Fund | Putnam Investors Fund | Putnam Low Volatility Equity Fund |
| Liaquat Ahamed | Over $100,000 | 9,373.118 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 108.945 | $1-$10,000 | 102.861 | $1-$10,000 | 100.000 |
| Barbara M. Baumann | $1-$10,000 | 108.582 | $1-$10,000 | 101.465 | $10,001-$50,000 | 1,457.058 |
| Jameson A. Baxter | Over $100,000 | 9,540.159 | Over $100,000 | 17,145.040 | $10,001-$50,000 | 4,859.086 |
| Charles B. Curtis | $1-$10,000 | 155.173 | $1-$10,000 | 349.328 | $1-$10,000 | 100.000 |
| Robert J. Darretta | $1-$10,000 | 131.595 | $1-$10,000 | 338.464 | $1-$10,000 | 100.000 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | Over $100,000 | 19,658.557 | Over $100,000 | 96,287.437 | $1-$10,000 | 100.003 |
| Paul L. Joskow | $10,001-$50,000 | 1,110.449 | Over $100,000 | 8,444.064 | $1-$10,000 | 148.221 |
| Kenneth R. Leibler | $1-$10,000 | 144.879 | $1-$10,000 | 338.690 | $1-$10,000 | 168.972 |
| Robert E. Patterson | $50,001-$100,000 | 8,171.186 | $50,001-$100,000 | 4,961.210 | $1-$10,000 | 147.638 |
| George Putnam, III | $10,001-$50,000 | 3,277.437 | Over $100,000 | 6,336.772 | $10,001-$50,000 | 1,194.030 |
| *Robert L. Reynolds | $1-$10,000 | 108.945 | $1-$10,000 | 102.861 | $0 | 0.000 |
| W. Thomas Stephens | $1-$10,000 | 211.960 | $1-$10,000 | 394.913 | $1-$10,000 | 100.000 |
| Trustees and Officers | Over $100,000 | 55,002.420 | Over $100,000 | 155,512.272 | $50,001-$100,000 | 8,675.008 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | (8.13%) | | (5.58%) | | |
| | | | Putnam Massachusetts Tax Exempt | | | | Putnam Managed Municipal Income Trust | Income Fund | Putnam Master Intermediate Income Trust |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 100.000 | $1-$10,000 | 119.256 | $1-$10,000 | 100.000 |
| Barbara M. Baumann | $1-$10,000 | 100.000 | $1-$10,000 | 112.096 | $1-$10,000 | 100.000 |
| Jameson A. Baxter | $1-$10,000 | 621.015 | $1-$10,000 | 245.120 | $1-$10,000 | 836.558 |
| Charles B. Curtis | $1-$10,000 | 336.618 | $1-$10,000 | 169.631 | $1-$10,000 | 207.980 |
| Robert J. Darretta | $1-$10,000 | 100.000 | $1-$10,000 | 128.768 | $1-$10,000 | 100.000 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 102.254 | $1-$10,000 | 100.000 |
| John A. Hill | $1-$10,000 | 373.942 | $1-$10,000 | 225.411 | $1-$10,000 | 450.185 |
| Paul L. Joskow | $1-$10,000 | 195.000 | $1-$10,000 | 203.155 | $1-$10,000 | 100.000 |
| Kenneth R. Leibler | $1-$10,000 | 195.000 | $1-$10,000 | 133.030 | $1-$10,000 | 100.000 |
| Robert E. Patterson | $1-$10,000 | 587.000 | $1-$10,000 | 102.693 | $1-$10,000 | 587.000 |
| George Putnam, III | $10,001-$50,000 | 3,815.000 | $50,001-$100,000 | 7,846.946 | $10,001-$50,000 | 2,178.000 |
| *Robert L. Reynolds | $1-$10,000 | 100.000 | $1-$10,000 | 120.925 | $1-$10,000 | 100.000 |
| W. Thomas Stephens | $1-$10,000 | 100.000 | $1-$10,000 | 204.976 | $1-$10,000 | 100.000 |
| Trustees and Officers | $10,001-$50,000 | 6,823.575 | $50,001-$100,000 | 9,814.261 | $10,001-$50,000 | 5,159.723 | as a group | | | (Class Y shares) | (Class Y shares) | | |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam Michigan Tax Exempt Income Fund | Putnam Minnesota Tax Exempt Income Fund | Putnam Money Market Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $10,001-$50,000 | 30,464.780 |
| Ravi Akhoury | $1-$10,000 | 118.478 | $1-$10,000 | 117.412 | Over $100,000 | 486,717.380 |
| Barbara M. Baumann | $1-$10,000 | 111.523 | $1-$10,000 | 110.901 | $1-$10,000 | 994.350 |
| Jameson A. Baxter | $1-$10,000 | 232.669 | $1-$10,000 | 228.450 | Over $100,000 | 352,106.170 |
| Charles B. Curtis | $1-$10,000 | 165.852 | $1-$10,000 | 162.261 | Over $100,000 | 288,269.186 |
| Robert J. Darretta | $1-$10,000 | 126.485 | $1-$10,000 | 125.061 | Over $100,000 | 503,971.420 |
| Katinka Domotorffy | $1-$10,000 | 102.367 | $1-$10,000 | 102.109 | $10,001-$50,000 | 23,356.010 |
| John A. Hill | $1-$10,000 | 211.734 | $1-$10,000 | 280.325 | Over $100,000 | 123,827.780 |
| Paul L. Joskow | $1-$10,000 | 207.735 | $1-$10,000 | 207.394 | Over $100,000 | 242,868.580 |
| Kenneth R. Leibler | $1-$10,000 | 130.325 | $1-$10,000 | 129.008 | $1-$10,000 | 100.000 |
| Robert E. Patterson | $1-$10,000 | 142.237 | $1-$10,000 | 141.310 | Over $100,000 | 116,076.600 |
| George Putnam, III | $10,001-$50,000 | 1,656.699 | $10,001-$50,000 | 1,650.533 | Over $100,000 | 556,796.470 |
| *Robert L. Reynolds | $1-$10,000 | 119.459 | $1-$10,000 | 118.297 | Over $100,000 | 294,454.830 |
| W. Thomas Stephens | $1-$10,000 | 196.934 | $1-$10,000 | 194.016 | Over $100,000 | 281,151.700 |
| Trustees and Officers | $10,001-$50,000 | 3,622.497 | $10,001-$50,000 | 3,667.077 | Over $100,000 | 3,478,916.726 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class A shares) | (Class A shares) | | | (1.96%) | | (2.08%) | | |
| | Putnam Multi-Cap Core Fund | Putnam Multi-Cap Growth Fund | Putnam Multi-Cap Value Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | Over $100,000 | 11,930.857 | $1-$10,000 | 117.787 | $1-$10,000 | 102.232 |
| Barbara M. Baumann | $10,001-$50,000 | 1,116.336 | $10,001-$50,000 | 477.441 | $1-$10,000 | 102.082 |
| Jameson A. Baxter | $50,001-$100,000 | 4,862.088 | Over $100,000 | 10,795.887 | $10,001-$50,000 | 2,450.738 |
| Charles B. Curtis | $1-$10,000 | 111.635 | $10,001-$50,000 | 220.176 | $1-$10,000 | 165.110 |
| Robert J. Darretta | $1-$10,000 | 111.635 | Over $100,000 | 3,729.752 | $1-$10,000 | 122.481 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | $50,001-$100,000 | 4,952.686 | Over $100,000 | 4,113.147 | $1-$10,000 | 169.662 |
| Paul L. Joskow | $1-$10,000 | 148.580 | $50,001-$100,000 | 1,053.727 | $1-$10,000 | 187.063 |
| Kenneth R. Leibler | $1-$10,000 | 111.635 | $1-$10,000 | 123.409 | $1-$10,000 | 137.413 |
| Robert E. Patterson | $10,001-$50,000 | 994.952 | $50,001-$100,000 | 1,193.389 | $10,001-$50,000 | 1,952.138 |
| George Putnam, III | $10,001-$50,000 | 1,461.175 | Over $100,000 | 22,378.433 | $50,001-$100,000 | 3,333.060 |
| *Robert L. Reynolds | $1-$10,000 | 105.571 | Over $100,000 | 12,481.489 | $1-$10,000 | 102.232 |
| W. Thomas Stephens | $1-$10,000 | 111.635 | $10,001-$50,000 | 264.076 | $1-$10,000 | 155.793 |
| Trustees and Officers | Over $100,000 | 26,218.785 | Over $100,000 | 58,236.320 | Over $100,000 | 9,227.180 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | (8.46%) | | (2.80%) | | |
| | Putnam Municipal Opportunities Trust | Putnam New Jersey Tax Exempt Income Fund | Putnam New York Tax Exempt Income Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 100.000 | $1-$10,000 | 118.859 | $1-$10,000 | 119.994 |
| Barbara M. Baumann | $1-$10,000 | 100.000 | $1-$10,000 | 111.904 | $1-$10,000 | 112.677 |
| Jameson A. Baxter | $50,001-$100,000 | 6,130.412 | $1-$10,000 | 238.257 | $1-$10,000 | 1,119.442 |
| Charles B. Curtis | $1-$10,000 | 503.401 | $1-$10,000 | 164.294 | $1-$10,000 | 581.203 |
| Robert J. Darretta | $1-$10,000 | 100.000 | $1-$10,000 | 127.066 | $1-$10,000 | 128.586 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 102.364 | $1-$10,000 | 102.618 |
| John A. Hill | $1-$10,000 | 544.341 | $1-$10,000 | 295.428 | Over $100,000 | 186,515.222 |
| Paul L. Joskow | $1-$10,000 | 387.000 | $1-$10,000 | 205.796 | Over $100,000 | 18,596.740 |
| Kenneth R. Leibler | $1-$10,000 | 287.000 | $1-$10,000 | 131.257 | $1-$10,000 | 133.358 |
| Robert E. Patterson | $1-$10,000 | 655.000 | $1-$10,000 | 143.395 | $1-$10,000 | 353.892 |
| George Putnam, III | $10,001-$50,000 | 3,788.000 | $10,001-$50,000 | 1,618.373 | $10,001-$50,000 | 1,847.315 |
| *Robert L. Reynolds | $0 | 0.000 | $1-$10,000 | 119.868 | $1-$10,000 | 121.022 |
| W. Thomas Stephens | $1-$10,000 | 100.000 | $1-$10,000 | 195.935 | $1-$10,000 | 211.748 |
| Trustees and Officers | Over $100,000 | 12,895.154 | $10,001-$50,000 | 3,672.796 | Over $100,000 | 123,875.340 | as a group | | | (Class Y shares) | (Class Y shares) | (Class A shares) | (Class A shares) | | | | | | Over $100,000 | 210,043.817 | | | | | | (Class Y shares) | (Class Y shares) | | | | | | | (8.75%) |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | | | Putnam Pennsylvania Tax Exempt | | | | Putnam Ohio Tax Exempt Income Fund | Income Fund | Putnam Premier Income Trust |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 118.656 | $1-$10,000 | 119.138 | $1-$10,000 | 100.000 |
| Barbara M. Baumann | $1-$10,000 | 111.766 | $1-$10,000 | 112.206 | $1-$10,000 | 100.000 |
| Jameson A. Baxter | $1-$10,000 | 233.131 | $1-$10,000 | 242.359 | $1-$10,000 | 881.117 |
| Charles B. Curtis | $1-$10,000 | 162.973 | $1-$10,000 | 164.749 | $1-$10,000 | 416.604 |
| Robert J. Darretta | $1-$10,000 | 127.069 | $1-$10,000 | 127.320 | $1-$10,000 | 100.000 |
| Katinka Domotorffy | $1-$10,000 | 102.428 | $1-$10,000 | 102.627 | $1-$10,000 | 100.000 |
| John A. Hill | $1-$10,000 | 306.847 | $1-$10,000 | 303.234 | $10,001-$50,000 | 3,704.634 |
| Paul L. Joskow | $1-$10,000 | 210.122 | $1-$10,000 | 212.479 | $1-$10,000 | 201.000 |
| Kenneth R. Leibler | $1-$10,000 | 131.054 | $1-$10,000 | 131.241 | $1-$10,000 | 100.000 |
| Robert E. Patterson | $1-$10,000 | 143.519 | $1-$10,000 | 143.667 | $1-$10,000 | 803.000 |
| George Putnam, III | $10,001-$50,000 | 1,655.210 | $10,001-$50,000 | 1,653.717 | $10,001-$50,000 | 2,505.000 |
| *Robert L. Reynolds | $1-$10,000 | 119.727 | $1-$10,000 | 120.193 | $1-$10,000 | 100.000 |
| W. Thomas Stephens | $1-$10,000 | 197.615 | $1-$10,000 | 202.784 | $1-$10,000 | 100.000 |
| Trustees and Officers | $10,001-$50,000 | 3,720.117 | $10,001-$50,000 | 3,735.714 | $10,001-$50,000 | 9,311.355 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | |
| | Putnam Research Fund | Putnam RetirementReady 2050 Fund | Putnam RetirementReady 2040 Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $0 | 0.000 | $0 | 0.000 |
| Ravi Akhoury | $1-$10,000 | 102.998 | $0 | 0.000 | $0 | 0.000 |
| Barbara M. Baumann | $1-$10,000 | 102.141 | $0 | 0.000 | $0 | 0.000 |
| Jameson A. Baxter | $1-$10,000 | 436.683 | $0 | 0.000 | $0 | 0.000 |
| Charles B. Curtis | $1-$10,000 | 110.592 | $0 | 0.000 | $0 | 0.000 |
| Robert J. Darretta | $1-$10,000 | 104.450 | $0 | 0.000 | $0 | 0.000 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $0 | 0.000 | $0 | 0.000 |
| John A. Hill | Over $100,000 | 5,858.227 | $10,001-$50,000 | 2,046.629 | $0 | 0.000 |
| Paul L. Joskow | Over $100,000 | 5,754.958 | $0 | 0.000 | $0 | 0.000 |
| Kenneth R. Leibler | $1-$10,000 | 104.562 | $0 | 0.000 | $0 | 0.000 |
| Robert E. Patterson | $1-$10,000 | 144.768 | $0 | 0.000 | $0 | 0.000 |
| George Putnam, III | $10,001-$50,000 | 1,831.247 | $0 | 0.000 | $0 | 0.000 |
| *Robert L. Reynolds | $50,001-$100,000 | 4,687.941 | $0 | 0.000 | $1-$10,000 | 317.927 |
| W. Thomas Stephens | $1-$10,000 | 105.361 | $0 | 0.000 | $0 | 0.000 |
| Trustees and Officers | Over $100,000 | 19,543.927 | $10,001-$50,000 | 2,046.629 | $1-$10,000 | 317.927 | as a group | (Class Y shares) | (Class Y shares) | | (Class Y shares) | | (Class Y shares) | | | (3.56%) | | | | |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam RetirementReady 2030 Fund | Putnam RetirementReady 2025 Fund | Putnam RetirementReady 2020 Fund |
| Liaquat Ahamed | $0 | 0.000 | $1-$10,000 | 100.000 | $0 | 0.000 |
| Ravi Akhoury | $0 | 0.000 | $0 | 0.000 | $0 | 0.000 |
| Barbara M. Baumann | $1-$10,000 | 94.487 | $0 | 0.000 | $0 | 0.000 |
| Jameson A. Baxter | $0 | 0.000 | $0 | 0.000 | $10,001-$50,000 | 1,429.979 |
| Charles B. Curtis | $0 | 0.000 | $0 | 0.000 | $1-$10,000 | 446.230 |
| Robert J. Darretta | $0 | 0.000 | $1-$10,000 | 452.598 | $0 | 0.000 |
| Katinka Domotorffy | $0 | 0.000 | $0 | 0.000 | $0 | 0.000 |
| John A. Hill | $0 | 0.000 | $0 | 0.000 | $0 | 0.000 |
| Paul L. Joskow | $0 | 0.000 | $0 | 0.000 | $10,001-$50,000 | 677.210 |
| Kenneth R. Leibler | $0 | 0.000 | $0 | 0.000 | $0 | 0.000 |
| Robert E. Patterson | $0 | 0.000 | $0 | 0.000 | $10,001-$50,000 | 648.772 |
| George Putnam, III | $0 | 0.000 | $10,001-$50,000 | 1,571.332 | $0 | 0.000 |
| *Robert L. Reynolds | $0 | 0.000 | $0 | 0.000 | $0 | 0.000 |
| W. Thomas Stephens | $0 | 0.000 | $0 | 0.000 | $0 | 0.000 |
| Trustees and Officers | $1-$10,000 | 94.487 | $10,001-$50,000 | 2,123.930 | $50,001-$100,000 | 3,201.191 | as a group | | (Class Y shares) | | (Class Y shares) | | (Class Y shares) |
| | Putnam RetirementReady 2015 Fund | Putnam Retirement Income Fund Lifestyle 1 | Putnam Retirement Income Fund Lifestyle 2 |
| Liaquat Ahamed | $0 | 0.000 | $0 | 0.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 107.218 | $1-$10,000 | 334.012 | $1-$10,000 | 104.328 |
| Barbara M. Baumann | $0 | 0.000 | $1-$10,000 | 129.741 | $1-$10,000 | 322.341 |
| Jameson A. Baxter | $0 | 0.000 | $1-$10,000 | 257.050 | $1-$10,000 | 261.098 |
| Charles B. Curtis | $0 | 0.000 | $1-$10,000 | 102.711 | $1-$10,000 | 104.273 |
| Robert J. Darretta | $0 | 0.000 | $1-$10,000 | 102.820 | $1-$10,000 | 104.438 |
| Katinka Domotorffy | $0 | 0.000 | $1-$10,000 | 100.462 | $1-$10,000 | 100.517 |
| John A. Hill | $0 | 0.000 | $1-$10,000 | 102.820 | $1-$10,000 | 104.438 |
| Paul L. Joskow | $1-$10,000 | 9.638 | $1-$10,000 | 129.617 | $1-$10,000 | 160.843 |
| Kenneth R. Leibler | $1-$10,000 | 120.124 | $1-$10,000 | 102.820 | $1-$10,000 | 104.438 |
| Robert E. Patterson | $0 | 0.000 | $10,001-$50,000 | 648.709 | $10,001-$50,000 | 1,074.479 |
| George Putnam, III | $0 | 0.000 | $10,001-$50,000 | 973.062 | $10,001-$50,000 | 1,613.384 |
| *Robert L. Reynolds | $0 | 0.000 | $1-$10,000 | 101.280 | $1-$10,000 | 102.312 |
| W. Thomas Stephens | $1-$10,000 | 484.159 | $1-$10,000 | 102.788 | $1-$10,000 | 104.382 |
| Trustees and Officers | $10,000- | 721.139 | $50,001-$100,000 | 3,187.892 | $10,001-$50,000 | 4,361.271 | as a group | $50,000 | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | | | | | (30.31%) |
| | Putnam Retirement Income Fund Lifestyle 3 | Putnam Short Duration Income Fund | Putnam Short-Term Municipal Income Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 117.279 | $1-$10,000 | 101.054 | $1-$10,000 | 100.206 |
| Barbara M. Baumann | $1-$10,000 | 107.722 | $1-$10,000 | 484.631 | $1-$10,000 | 539.517 |
| Jameson A. Baxter | $50,001-$100,000 | 6,947.077 | $50,001-$100,000 | 5,051.547 | $10,001-$50,000 | 2,494.205 |
| Charles B. Curtis | $1-$10,000 | 142.275 | $1-$10,000 | 101.037 | $1-$10,000 | 100.206 |
| Robert J. Darretta | $1-$10,000 | 131.592 | $0 | 0.000 | $1-$10,000 | 100.198 |
| Katinka Domotorffy | $1-$10,000 | 101.658 | $1-$10,000 | 100.461 | $1-$10,000 | 100.203 |
| John A. Hill | Over $100,000 | 33,749.973 | Over $100,000 | 131,260.511 | $1-$10,000 | 100.204 |
| Paul L. Joskow | $1-$10,000 | 676.281 | $1-$10,000 | 151.546 | $1-$10,000 | 150.019 |
| Kenneth R. Leibler | $1-$10,000 | 136.329 | $1-$10,000 | 101.036 | $1-$10,000 | 141.093 |
| Robert E. Patterson | $10,001-$50,000 | 1,356.214 | $1-$10,000 | 505.121 | $1-$10,000 | 150.018 |
| George Putnam, III | $10,001-$50,000 | 4,057.644 | $10,001-$50,000 | 1,212.250 | $10,001-$50,000 | 1,198.781 |
| *Robert L. Reynolds | $1-$10,000 | 118.618 | $1-$10,000 | 101.011 | $0 | 0.000 |
| W. Thomas Stephens | $1-$10,000 | 142.275 | $1-$10,000 | 101.037 | $1-$10,000 | 100.196 |
| Trustees and Officers | Over $100,000 | 47,884.937 | Over $100,000 | 139,371.242 | $50,001-$100,000 | 5,374.846 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | (46.72%) | | | | (7.42%) |
|
| | | | | | | | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Dollar Range of | Shares Beneficially | Trustees/Officers | Shares Owned | Owned | Shares Owned | Owned | Shares Owned | Owned |
| | Putnam Small Cap Growth Fund | Putnam Small-Cap Value Fund | Putnam Strategic Volatility Equity Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 98.206 | $1-$10,000 | 99.075 | $1-$10,000 | 100.000 |
| Barbara M. Baumann | $1-$10,000 | 98.206 | $1-$10,000 | 97.367 | $10,001-$50,000 | 1,449.902 |
| Jameson A. Baxter | $10,001-$50,000 | 908.212 | $50,001-$100,000 | 4,882.095 | $10,001-$50,000 | 4,812.320 |
| Charles B. Curtis | $10,001-$50,000 | 690.627 | $1-$10,000 | 236.351 | $1-$10,000 | 100.000 |
| Robert J. Darretta | $1-$10,000 | 113.350 | $1-$10,000 | 134.783 | $1-$10,000 | 100.000 |
| Katinka Domotorffy | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| John A. Hill | Over $100,000 | 7,059.219 | Over $100,000 | 30,229.718 | $1-$10,000 | 100.006 |
| Paul L. Joskow | $1-$10,000 | 134.540 | $1-$10,000 | 256.332 | $1-$10,000 | 147.493 |
| Kenneth R. Leibler | $1-$10,000 | 120.254 | $1-$10,000 | 162.554 | $1-$10,000 | 168.142 |
| Robert E. Patterson | $10,001-$50,000 | 1,177.021 | $10,001-$50,000 | 1,957.021 | $1-$10,000 | 146.771 |
| George Putnam, III | Over $100,000 | 9,418.845 | $50,001-$100,000 | 3,476.779 | $10,001-$50,000 | 1,190.476 |
| *Robert L. Reynolds | $1-$10,000 | 98.206 | $1-$10,000 | 99.075 | $0 | 0.000 |
| W. Thomas Stephens | $1-$10,000 | 128.815 | $1-$10,000 | 218.788 | $1-$10,000 | 100.000 |
| Trustees and Officers | Over $100,000 | 20,245.501 | Over $100,000 | 42,049.938 | $50,001-$100,000 | 8,741.110 | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | (4.67%) | | | | (9.77%) |
| | Putnam Tax Exempt Income Fund | Putnam Tax Exempt Money Market Fund | Putnam Tax-Free High Yield Fund |
| Liaquat Ahamed | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 | $1-$10,000 | 100.000 |
| Ravi Akhoury | $1-$10,000 | 121.326 | $1-$10,000 | 100.000 | $1-$10,000 | 126.030 |
| Barbara M. Baumann | $1-$10,000 | 113.340 | $1-$10,000 | 100.000 | $1-$10,000 | 115.844 |
| Jameson A. Baxter | $10,001-$50,000 | 3,636.952 | $1-$10,000 | 2,270.160 | $10,001-$50,000 | 1,800.060 |
| Charles B. Curtis | $1-$10,000 | 597.851 | $1-$10,000 | 1,692.010 | $1-$10,000 | 316.440 |
| Robert J. Darretta | $1-$10,000 | 130.469 | $1-$10,000 | 102.880 | $1-$10,000 | 137.786 |
| Katinka Domotorffy | $1-$10,000 | 102.789 | $1-$10,000 | 100.000 | $1-$10,000 | 103.129 |
| John A. Hill | $10,001-$50,000 | 1,358.734 | Over $100,000 | 3,076,439.010 | $1-$10,000 | 567.315 |
| Paul L. Joskow | $1-$10,000 | 449.784 | $1-$10,000 | 3,492.870 | $1-$10,000 | 394.342 |
| Kenneth R. Leibler | $1-$10,000 | 134.813 | $1-$10,000 | 105.790 | $1-$10,000 | 142.950 |
| Robert E. Patterson | $1-$10,000 | 615.705 | $1-$10,000 | 100.000 | $1-$10,000 | 267.676 |
| George Putnam, III | $10,001-$50,000 | 5,178.831 | $10,001-$50,000 | 10,949.950 | $10,001-$50,000 | 3,803.907 |
| *Robert L. Reynolds | $1-$10,000 | 122.527 | $1-$10,000 | 100.000 | $1-$10,000 | 127.688 |
| W. Thomas Stephens | $1-$10,000 | 428.894 | Over $100,000 | 247,290.530 | $1-$10,000 | 389.682 |
| Trustees and Officers | $10,001-$50,000 | 1,384.836 | Over $100,000 | 3,342,943.200 | $50,001-$100,000 | 8,392.849 | as a group | (Class A) | (Class A) | | (7.85%) | (Class Y shares) | (Class Y shares) | | Over $100,000 | 13,092.015 | | | | | | (Class Y shares) | (Class Y shares) | | | | |
| | Putnam U.S. Government Income Trust | Putnam Voyager Fund | | |
| | Liaquat Ahamed | $1-$10,000 | 100.000 | Over $100,000 | 3,951.041 | | |
| | Ravi Akhoury | $1-$10,000 | 133.894 | Over $100,000 | 7,375.473 | | |
| | Barbara M. Baumann | $1-$10,000 | 123.562 | Over $100,000 | 7,218.702 | | |
| | Jameson A. Baxter | $10,001-$50,000 | 3,020.136 | Over $100,000 | 6,280.770 | | |
| | Charles B. Curtis | $50,001-$100,000 | 5,364.338 | $1-$10,000 | 107.710 | | |
| | Robert J. Darretta | $1-$10,000 | 143.818 | Over $100,000 | 8,726.646 | | |
| | Katinka Domotorffy | $1-$10,000 | 101.375 | $1-$10,000 | 100.000 | | |
| | John A. Hill | Over $100,000 | 11,997.491 | Over $100,000 | 60,904.407 | | |
| | Paul L. Joskow | $1-$10,000 | 419.564 | $50,001-$100,000 | 3,167.930 | | |
| | Kenneth R. Leibler | $1-$10,000 | 105.238 | $1-$10,000 | 98.260 | | |
| | Robert E. Patterson | $10,001-$50,000 | 1,752.601 | $50,001-$100,000 | 1,988.955 | | |
| | George Putnam, III | $50,001-$100,000 | 4,043.888 | Over $100,000 | 47,128.482 | | |
| | *Robert L. Reynolds | $1-$10,000 | 134.965 | Over $100,000 | 102,661.356 | | |
| | W. Thomas Stephens | $1-$10,000 | 115.806 | $1-$10,000 | 141.336 | | |
| | Trustees and Officers | Over $100,000 | 27,556.676 | Over $100,000 | 267,546.812 | | | as a group | (Class Y shares) | (Class Y shares) | (Class Y shares) | (Class Y shares) | | | | | | | (2.55%) | | |
| |
| | | | | Aggregate Dollar Range of Shares | | | | Held in All of the Putnam Funds | | | Name of Trustee/Nominee | Overseen by Trustee | | |
| | | Liaquat Ahamed | Over $100,000 | | |
| | | Ravi Akhoury | Over $100,000 | | |
| | | Barbara M. Baumann | Over $100,000 | | |
| | | Jameson A. Baxter | Over $100,000 | | |
| | | Charles B. Curtis | Over $100,000 | | |
| | | Robert J. Darretta | Over $100,000 | | |
| | | Katinka Domotorffy | Over $100,000 | | |
| | | John A. Hill | Over $100,000 | | |
| | | Paul L. Joskow | Over $100,000 | | |
| | | Kenneth R. Leibler | Over $100,000 | | |
| | | Robert E. Patterson | Over $100,000 | | |
| | | George Putnam, III | Over $100,000 | | |
| | | *Robert L. Reynolds | Over $100,000 | | |
| | | W. Thomas Stephens | Over $100,000 | | |
| | |
* Trustee who is an “interested person” (as defined in the Investment Company Act of 1940) of the fund[s]funds and Putnam Management. Mr. Reynolds is deemed an “interested person” by virtue of his positions as an officer of the fund[s]funds and Putnam Management. Mr. Reynolds is the President and Chief Executive Officer of Putnam Investments, LLC and President of your fund and each of the other Putnam funds. None of the other Trustees is an “interested person”. Putnam Variable Trust “As of September 30, 2013, except as shown in the tables below, the Trustees, and the Trustees and officers as a group, did not own variable annuity contracts or variable life insurance policies that invested in the funds that are series of Putnam Variable Trust. These tables show the value of the Trustees’ indirect beneficial ownership interest in these funds.”
| | | | | | TRUSTEE NAME | | |
| FUND NAME | GEORGE PUTNAM III | PAUL L JOSKOW | ROBERT E PATTERSON |
| VT AMERICAN GOVERNMENT INCOME FUND CLASS IB | $0 | $1-$10,000 | $0�� |
| VT CAPITAL OPPORTUNITIES FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT DIVERSIFIED INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT EQUITY INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GEORGE PUTNAM BALANCE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GLOBAL ASSET ALLOCATION FUND CLASS IA | $10,001-$50,000 | $0 | $0 |
| VT GLOBAL ASSET ALLOCATION FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GLOBAL EQUITY FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GROWTH AND INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GROWTH OPPORTUNITIES FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT HIGH YIELD FUND CLASS IA | $0 | $0 | $10,001-$50,000 |
| VT HIGH YIELD FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INTERNATIONAL EQUITY FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INTERNATIONAL GROWTH FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INTERNATIONAL VALUE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INVESTORS FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT MULTI-CAP GROWTH FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT MULTI-CAP VALUE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT RESEARCH FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT SMALL CAP VALUE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT VOYAGER FUND CLASS IB | $0 | $1-$10,000 | $0 |
|
* As reflected in the tables above, Trustees and officers own shares of the retail Putnam funds that are counterparts to Putnam Variable Trust’s various portfolios.
| | | | | | TRUSTEE NAME | |
| FUND NAME | GEORGE PUTNAM III | PAUL L JOSKOW | ROBERT E PATTERSON |
| VT AMERICAN GOVERNMENT INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT CAPITAL OPPORTUNITIES FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT DIVERSIFIED INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT EQUITY INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GEORGE PUTNAM BALANCE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GLOBAL ASSET ALLOCATION FUND CLASS IA | $10,001-$50,000 | $0 | $0 |
| VT GLOBAL ASSET ALLOCATION FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GLOBAL EQUITY FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GROWTH AND INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT GROWTH OPPORTUNITIES FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT HIGH YIELD FUND CLASS IA | $0 | $0 | $10,001-$50,000 |
| VT HIGH YIELD FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INCOME FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INTERNATIONAL EQUITY FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INTERNATIONAL GROWTH FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INTERNATIONAL VALUE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT INVESTORS FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT MULTI-CAP GROWTH FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT MULTI-CAP VALUE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT RESEARCH FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT SMALL CAP VALUE FUND CLASS IB | $0 | $1-$10,000 | $0 |
| VT VOYAGER FUND CLASS IB | $0 | $1-$10,000 | $0 |
|
Appendix I — Trustee Compensation Table The table below includes the year each Trustee became a Trustee of the Putnam funds, the fees paid to each of those Trustees by each fund for its most recent fiscal year ended prior to October 1, 2013 and the fees paid to each of those Trustees by all of the Putnam funds during calendar year 2012. | | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Absolute Return 100 Fund | Putnam Absolute Return 300 Fund | Putnam Absolute Return 100 Fund | Putnam Absolute Return 300 Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 295 | N/A | 1,042 | N/A | 295 | N/A | 1,042 | N/A |
|
|
| Ravi Akhoury/2009 | 1,503 | N/A | 5,384 | N/A | 1,503 | N/A | 5,384 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,476 | N/A | 5,286 | N/A | 1,476 | N/A | 5,286 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 2,232 | 551 | 8,008 | 2,022 | 2,232 | 551 | 8,008 | 2,022 |
|
|
| Charles B. Curtis/2001 | 1,468 | 353 | 5,256 | 1,298 | 1,468 | 353 | 5,256 | 1,298 |
|
|
| Robert J. Darretta/2007(4) | 1,503 | N/A | 5,384 | N/A | 1,503 | N/A | 5,384 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 295 | N/A | 1,042 | N/A | 295 | N/A | 1,042 | N/A |
|
|
| John A. Hill/1985(4) | 1,476 | 952 | 5,286 | 3,497 | 1,476 | 952 | 5,286 | 3,497 |
|
|
| Paul L. Joskow/1997(4) | 1,468 | 376 | 5,286 | 1,381 | 1,468 | 376 | 5,286 | 1,381 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,291 | 667 | 4,619 | 2,455 | 1,291 | 667 | 4,619 | 2,455 |
|
|
| Kenneth R. Leibler/2006 | 1,626 | N/A | 5,823 | N/A | 1,626 | N/A | 5,823 | N/A |
|
|
| Robert E. Patterson/1984 | 1,626 | 562 | 5,823 | 2,062 | 1,626 | 562 | 5,823 | 2,062 |
|
|
| George Putnam, III/1984 | 1,503 | 562 | 5,384 | 2,062 | 1,503 | 562 | 5,384 | 2,062 |
|
|
| W. Thomas Stephens/1997(7) | 1,503 | 393 | 5,384 | 1,445 | 1,503 | 393 | 5,384 | 1,445 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Absolute Return 500 Fund | Putnam Absolute Return 700 Fund | Putnam Absolute Return 500 Fund | Putnam Absolute Return 700 Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 863 | N/A | 817 | N/A | 863 | N/A | 817 | N/A |
|
|
| Ravi Akhoury/2009 | 3,799 | N/A | 3,310 | N/A | 3,799 | N/A | 3,310 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 3,724 | N/A | 3,245 | N/A | 3,724 | N/A | 3,245 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 5,590 | 1,273 | 4,866 | 1,103 | 5,590 | 1,273 | 4,866 | 1,103 |
|
|
| Charles B. Curtis/2001 | 3,720 | 814 | 3,244 | 705 | 3,720 | 814 | 3,244 | 705 |
|
|
| Robert J. Darretta/2007(4) | 3,799 | N/A | 3,310 | N/A | 3,799 | N/A | 3,310 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 863 | N/A | 817 | N/A | 863 | N/A | 817 | N/A |
|
|
| John A. Hill/1985(4) | 3,724 | 2,203 | 3,245 | 1,908 | 3,724 | 2,203 | 3,245 | 1,908 |
|
|
| Paul L. Joskow/1997(4) | 3,720 | 871 | 3,244 | 754 | 3,720 | 871 | 3,244 | 754 |
|
|
| Elizabeth T. Kennan/1992(5) | 3,330 | 1,534 | 2,915 | 1,329 | 3,330 | 1,534 | 2,915 | 1,329 |
|
|
| Kenneth R. Leibler/2006 | 4,111 | N/A | 3,584 | N/A | 4,111 | N/A | 3,584 | N/A |
|
|
| Robert E. Patterson/1984 | 4,111 | 1,301 | 3,584 | 1,127 | 4,111 | 1,301 | 3,584 | 1,127 |
|
|
| George Putnam, III/1984 | 3,799 | 1,306 | 3,310 | 1,131 | 3,799 | 1,306 | 3,310 | 1,131 |
|
|
| W. Thomas Stephens/1997(7) | 3,799 | 908 | 3,310 | 787 | 3,799 | 908 | 3,310 | 787 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam American Government Income Fund | Putnam AMT-Free Municipal Fund | Putnam American Government Income Fund | Putnam AMT-Free Municipal Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 2,107 | N/A | 2,905 | N/A | 2,107 | N/A |
|
|
| Ravi Akhoury/2009 | 3,583 | N/A | 2,171 | N/A | 2,984 | N/A | 2,171 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 3,512 | N/A | 2,171 | N/A | 2,984 | N/A | 2,171 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 5,344 | 1,166 | 2,935 | 1,010 | 4,179 | 1,443 | 2,935 | 1,010 |
|
|
| Charles B. Curtis/2001 | 3,510 | 748 | 2,171 | 624 | 2,984 | 890 | 2,171 | 624 |
|
|
| Robert J. Darretta/2007(4) | 3,583 | N/A | 2,171 | N/A | 2,984 | N/A | 2,171 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 2,241 | N/A | 3,089 | N/A | 2,241 | N/A |
|
|
| John A. Hill/1985(4) | 3,706 | 2,017 | 2,171 | 1,752 | 2,984 | 2,503 | 2,171 | 1,752 |
|
|
| Paul L. Joskow/1997(4) | 3,510 | 797 | 2,204 | 701 | 3,028 | 1,002 | 2,204 | 701 |
|
|
| Elizabeth T. Kennan/1992(5) | 2,405 | 1,415 | 1,847 | 1,137 | 2,555 | 1,618 | 1,847 | 1,137 |
|
|
| Kenneth R. Leibler/2006 | 3,803 | N/A | 2,353 | N/A | 3,236 | N/A | 2,353 | N/A |
|
|
| Robert E. Patterson/1984 | 3,803 | 1,190 | 2,353 | 1,054 | 3,236 | 1,508 | 2,353 | 1,054 |
|
|
| George Putnam, III/1984 | 3,583 | 1,190 | 2,171 | 1,097 | 2,984 | 1,574 | 2,171 | 1,097 |
|
|
| W. Thomas Stephens/1997(7) | 3,583 | 833 | 2,171 | 708 | 2,984 | 1,011 | 2,171 | 708 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Arizona Tax Exempt Income Fund | Putnam Asia Pacific Equity Fund | Putnam Arizona Tax Exempt Income Fund | Putnam Asia Pacific Equity Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 205 | N/A | 27 | N/A | 205 | N/A | 27 | N/A |
|
|
| Ravi Akhoury/2009 | 269 | N/A | 36 | N/A | 289 | N/A | 36 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 283 | N/A | 36 | N/A | 283 | N/A | 36 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 422 | 130 | 53 | 16 | 422 | 130 | 53 | 16 |
|
|
| Charles B. Curtis/2001 | 289 | 81 | 36 | 10 | 289 | 81 | 36 | 10 |
|
|
| Robert J. Darretta/2007(4) | 289 | N/A | 36 | N/A | 289 | N/A | 36 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 217 | N/A | 28 | N/A | 217 | N/A | 28 | N/A |
|
|
| John A. Hill/1985(4) | 283 | 225 | 36 | 28 | 283 | 225 | 36 | 28 |
|
|
| Paul L. Joskow/1997(4) | 289 | 90 | 36 | 11 | 289 | 90 | 36 | 11 |
|
|
| Elizabeth T. Kennan/1992(5) | 289 | 147 | 36 | 18 | 289 | 147 | 36 | 18 |
|
|
| Kenneth R. Leibler/2006 | 313 | N/A | 39 | N/A | 313 | N/A | 39 | N/A |
|
|
| Robert E. Patterson/1984 | 313 | 135 | 39 | 17 | 313 | 135 | 39 | 17 |
|
|
| George Putnam, III/1984 | 289 | 140 | 36 | 17 | 289 | 140 | 36 | 17 |
|
|
| W. Thomas Stephens/1997(7) | 289 | 91 | 36 | 11 | 289 | 91 | 36 | 11 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam California Tax Exempt Income Fund | Putnam Capital Opportunities Fund | Putnam California Tax Exempt Income Fund | Putnam Capital Opportunities Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 1,147 | N/A | 7,139 | N/A | 1,147 | N/A |
|
|
| Ravi Akhoury/2009 | 7,612 | N/A | 1,589 | N/A | 7,347 | N/A | 1,589 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 7,457 | N/A | 1,558 | N/A | 7,347 | N/A | 1,558 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 11,365 | 2,457 | 2,308 | 709 | 10,284 | 3,471 | 2,308 | 709 |
|
|
| Charles B. Curtis/2001 | 7,462 | 1,576 | 1,589 | 441 | 7,347 | 2,139 | 1,589 | 441 |
|
|
| Robert J. Darretta/2007(4) | 7,612 | N/A | 1,589 | N/A | 7,347 | N/A | 1,589 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 1,209 | N/A | 7,592 | N/A | 1,209 | N/A |
|
|
| John A. Hill/1985(4) | 7,875 | 4,250 | 1,558 | 1,229 | 7,347 | 6,021 | 1,558 | 1,229 |
|
|
| Paul L. Joskow/1997(4) | 7,462 | 1,679 | 1,589 | 491 | 7,460 | 2,412 | 1,589 | 491 |
|
|
| Elizabeth T. Kennan/1992(5) | 5,165 | 2,979 | 1,589 | 806 | 6,245 | 3,887 | 1,589 | 806 |
|
|
| Kenneth R. Leibler/2006 | 8,080 | N/A | 1,720 | N/A | 7,965 | N/A | 1,720 | N/A |
|
|
| Robert E. Patterson/1984 | 8,080 | 2,507 | 1,720 | 737 | 7,965 | 3,627 | 1,720 | 737 |
|
|
| George Putnam, III/1984 | 7,612 | 2,509 | 1,589 | 762 | 7,347 | 3,789 | 1,589 | 762 |
|
|
| W. Thomas Stephens/1997(7) | 7,612 | 1,755 | 1,589 | 499 | 7,347 | 2,430 | 1,589 | 499 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Capital Spectrum Fund | Putnam Convertible Securities Fund | Putnam Capital Spectrum Fund | Putnam Convertible Securities Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 5,933 | N/A | 667 | N/A | 5,933 | N/A | 667 | N/A |
|
|
| Ravi Akhoury/2009 | 7,500 | N/A | 2,943 | N/A | 7,500 | N/A | 2,943 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 7,396 | N/A | 2,887 | N/A | 7,396 | N/A | 2,887 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 10,598 | 2,980 | 4,330 | 994 | 10,598 | 2,980 | 4,330 | 994 |
|
|
| Charles B. Curtis/2001 | 7,500 | 1,848 | 2,884 | 636 | 7,500 | 1,848 | 2,884 | 636 |
|
|
| Robert J. Darretta/2007(4) | 7,500 | N/A | 2,943 | N/A | 7,500 | N/A | 2,943 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 6,238 | N/A | 667 | N/A | 6,238 | N/A | 667 | N/A |
|
|
| John A. Hill/1985(4) | 7,396 | 5,166 | 2,887 | 1,720 | 7,396 | 5,166 | 2,887 | 1,720 |
|
|
| Paul L. Joskow/1997(4) | 7,500 | 2,065 | 2,884 | 680 | 7,500 | 2,065 | 2,884 | 680 |
|
|
| Elizabeth T. Kennan/1992(5) | 7,500 | 3,374 | 2,585 | 1,199 | 7,500 | 3,374 | 2,585 | 1,199 |
|
|
| Kenneth R. Leibler/2006 | 8,123 | N/A | 3,186 | N/A | 8,123 | N/A | 3,186 | N/A |
|
|
| Robert E. Patterson/1984 | 8,123 | 3,101 | 3,186 | 1,016 | 8,123 | 3,101 | 3,186 | 1,016 |
|
|
| George Putnam, III/1984 | 7,500 | 3,215 | 2,943 | 1,019 | 7,500 | 3,215 | 2,943 | 1,019 |
|
|
| W. Thomas Stephens/1997(7) | 7,500 | 2,093 | 2,943 | 709 | 7,500 | 2,093 | 2,943 | 709 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Diversified Income Trust | Putnam Dynamic Asset Allocation Balanced Fund | Putnam Diversified Income Trust | Putnam Dynamic Asset Allocation Balanced Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 0 | N/A | 14,648 | N/A | 5,587 | N/A |
|
|
| Ravi Akhoury/2009 | 17,383 | N/A | 5,961 | N/A | 15,087 | N/A | 5,748 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 17,073 | N/A | 5,844 | N/A | 15,087 | N/A | 5,748 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 25,969 | 5,820 | 8,892 | 1,959 | 21,216 | 6,997 | 8,070 | 2,706 |
|
|
| Charles B. Curtis/2001 | 17,036 | 3,742 | 5,844 | 1,257 | 15,087 | 4,308 | 5,748 | 1,667 |
|
|
| Robert J. Darretta/2007(4) | 17,383 | N/A | 5,961 | N/A | 15,087 | N/A | 5,748 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 0 | N/A | 15,562 | N/A | 5,935 | N/A |
|
|
| John A. Hill/1985(4) | 18,446 | 10,064 | 6,222 | 3,388 | 15,087 | 12,140 | 5,748 | 4,695 |
|
|
| Paul L. Joskow/1997(4) | 17,036 | 3,971 | 5,844 | 1,338 | 15,355 | 4,864 | 5,843 | 1,881 |
|
|
| Elizabeth T. Kennan/1992(5) | 11,158 | 7,096 | 4,036 | 2,378 | 12,477 | 7,825 | 4,815 | 3,029 |
|
|
| Kenneth R. Leibler/2006 | 18,408 | N/A | 6,328 | N/A | 16,356 | N/A | 6,232 | N/A |
|
|
| Robert E. Patterson/1984 | 18,408 | 5,929 | 6,328 | 1,998 | 16,356 | 7,318 | 6,232 | 2,830 |
|
|
| George Putnam, III/1984 | 17,383 | 5,916 | 5,961 | 1,998 | 15,087 | 7,651 | 5,748 | 2,957 |
|
|
| W. Thomas Stephens/1997(7) | 17,383 | 4,163 | 5,961 | 1,400 | 15,087 | 4,897 | 5,748 | 1,894 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Dynamic Asset Allocation Conservative Fund | Putnam Dynamic Asset Allocation Equity Fund | Putnam Dynamic Asset Allocation Conservative Fund | Putnam Dynamic Asset Allocation Equity Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 70 | N/A | 2,410 | N/A | 70 | N/A |
|
|
| Ravi Akhoury/2009 | 2,500 | N/A | 96 | N/A | 2,483 | N/A | 96 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 2,450 | N/A | 95 | N/A | 2,483 | N/A | 95 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 3,728 | 816 | 140 | 44 | 3,483 | 1,159 | 140 | 44 |
|
|
| Charles B. Curtis/2001 | 2,450 | 524 | 96 | 27 | 2,483 | 714 | 96 | 27 |
|
|
| Robert J. Darretta/2007(4) | 2,500 | N/A | 96 | N/A | 2,483 | N/A | 96 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 74 | N/A | 2,562 | N/A | 74 | N/A |
|
|
| John A. Hill/1985(4) | 2,709 | 1,412 | 95 | 76 | 2,483 | 2,010 | 95 | 76 |
|
|
| Paul L. Joskow/1997(4) | 2,450 | 557 | 96 | 31 | 2,524 | 805 | 96 | 31 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,690 | 990 | 96 | 50 | 2,084 | 1,296 | 96 | 50 |
|
|
| Kenneth R. Leibler/2006 | 2,653 | N/A | 104 | N/A | 2,692 | N/A | 104 | N/A |
|
|
| Robert E. Patterson/1984 | 2,653 | 833 | 104 | 46 | 2,692 | 1,212 | 104 | 46 |
|
|
| George Putnam, III/1984 | 2,500 | 833 | 96 | 48 | 2,483 | 1,266 | 96 | 48 |
|
|
| W. Thomas Stephens/1997(7) | 2,500 | 583 | 96 | 31 | 2,483 | 811 | 96 | 31 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Dynamic Asset Allocation Growth Fund | Putnam Dynamic Risk Allocation Fund | Putnam Dynamic Asset Allocation Growth Fund | Putnam Dynamic Risk Allocation Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 629 | N/A | 6,799 | N/A | 629 | N/A |
|
|
| Ravi Akhoury/2009 | 7,242 | N/A | 812 | N/A | 6,995 | N/A | 812 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 7,101 | N/A | 800 | N/A | 6,995 | N/A | 800 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 10,777 | 2,374 | 1,158 | 338 | 9,821 | 3,287 | 1,158 | 338 |
|
|
| Charles B. Curtis/2001 | 7,099 | 1,523 | 812 | 209 | 6,995 | 2,024 | 812 | 209 |
|
|
| Robert J. Darretta/2007(4) | 7,242 | N/A | 812 | N/A | 6,995 | N/A | 812 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 663 | N/A | 7,221 | N/A | 663 | N/A |
|
|
| John A. Hill/1985(4) | 7,575 | 4,106 | 800 | 586 | 6,995 | 5,702 | 800 | 586 |
|
|
| Paul L. Joskow/1997(4) | 7,099 | 1,622 | 812 | 234 | 7,112 | 2,284 | 812 | 234 |
|
|
| Elizabeth T. Kennan/1992(5) | 4,941 | 2,880 | 879 | N/A | 5,853 | 3,677 | 812 | 381 |
|
|
| Kenneth R. Leibler/2006 | 7,692 | N/A | 812 | 381 | 7,584 | N/A | 879 | N/A |
|
|
| Robert E. Patterson/1984 | 7,692 | 2,422 | 879 | 352 | 7,584 | 3,436 | 879 | 352 |
|
|
| George Putnam, III/1984 | 7,242 | 2,423 | 812 | 366 | 6,995 | 3,591 | 812 | 366 |
|
|
| W. Thomas Stephens/1997(7) | 7,242 | 1,696 | 812 | 237 | 6,995 | 2,300 | 812 | 237 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Emerging Markets Equity Fund | *Putnam Emerging Markets Income Fund | Putnam Emerging Markets Equity Fund | *Putnam Emerging Markets Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 141 | N/A | 453 | 0 | 141 | N/A | 453 | 0 |
|
|
| Ravi Akhoury/2009 | 145 | N/A | 453 | 0 | 145 | N/A | 453 | 0 |
|
|
| Barbara M. Baumann/2010(4) | 145 | N/A | 453 | 0 | 145 | N/A | 453 | 0 |
|
|
| Jameson A. Baxter/1994(4)(6) | 203 | 69 | 625 | 65 | 203 | 69 | 625 | 65 |
|
|
| Charles B. Curtis/2001 | 145 | 42 | 453 | 41 | 145 | 42 | 453 | 41 |
|
|
| Robert J. Darretta/2007(4) | 145 | N/A | 453 | 0 | 145 | N/A | 453 | 0 |
|
|
| Katinka Domotorffy/2012(3)(4) | 150 | N/A | 453 | 0 | 150 | N/A | 453 | 0 |
|
|
| John A. Hill/1985(4) | 145 | 119 | 453 | 113 | 145 | 119 | 453 | 113 |
|
|
| Paul L. Joskow/1997(4) | 147 | 48 | 453 | 45 | 147 | 48 | 453 | 45 |
|
|
| Elizabeth T. Kennan/1992(5) | 123 | 77 | 453 | 75 | 123 | 77 | 453 | 75 |
|
|
| Kenneth R. Leibler/2006 | 157 | N/A | 493 | 0 | 157 | N/A | 493 | 0 |
|
|
| Robert E. Patterson/1984 | 157 | 72 | 493 | 67 | 157 | 72 | 493 | 67 |
|
|
| George Putnam, III/1984 | 145 | 75 | 453 | 69 | 145 | 75 | 453 | 69 |
|
|
| W. Thomas Stephens/1997(7) | 145 | 48 | 453 | 46 | 145 | 48 | 453 | 46 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Equity Income Fund | Putnam Equity Spectrum Fund | Putnam Equity Income Fund | Putnam Equity Spectrum Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 3,992 | N/A | 3,992 | N/A | 2,442 | N/A |
|
|
| Ravi Akhoury/2009 | 16,551 | N/A | 7,242 | N/A | 16,551 | N/A | 3,143 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 16,220 | N/A | 7,101 | N/A | 16,220 | N/A | 3,095 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 23,934 | 6,476 | 10,777 | 2,374 | 23,934 | 6,476 | 4,475 | 1,283 |
|
|
| Charles B. Curtis/2001 | 16,241 | 4,111 | 7,099 | 1,523 | 16,241 | 4,111 | 3,143 | 796 |
|
|
| Robert J. Darretta/2007(4) | 16,551 | N/A | 7,242 | N/A | 16,551 | N/A | 3,143 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 3,992 | N/A | 3,992 | N/A | 2,566 | N/A |
|
|
| John A. Hill/1985(4) | 16,220 | 11,209 | 7,575 | 4,106 | 16,220 | 11,209 | 3,095 | 2,225 |
|
|
| Paul L. Joskow/1997(4) | 16,241 | 4,444 | 7,099 | 1,622 | 16,241 | 4,444 | 3,143 | 889 |
|
|
| Elizabeth T. Kennan/1992(5) | 14,691 | 7,674 | 4,941 | 2,880 | 14,691 | 7,674 | 3,143 | 1,454 |
|
|
| Kenneth R. Leibler/2006 | 17,921 | N/A | 7,692 | N/A | 17,921 | N/A | 3,403 | N/A |
|
|
| Robert E. Patterson/1984 | 17,921 | 6,648 | 7,692 | 2,422 | 17,921 | 6,648 | 3,403 | 1,335 |
|
|
| George Putnam, III/1984 | 16,551 | 6,724 | 7,242 | 2,423 | 16,551 | 6,724 | 3,143 | 1,383 |
|
|
| W. Thomas Stephens/1997(7) | 16,551 | 4,603 | 7,242 | 1,696 | 16,551 | 4,603 | 3,143 | 902 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Europe Equity Fund | Putnam Floating Rate Income Fund | Putnam Europe Equity Fund | Putnam Floating Rate Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 496 | N/A | 1,173 | N/A | 496 | N/A | 1,173 | N/A |
|
|
| Ravi Akhoury/2009 | 692 | N/A | 2,298 | N/A | 692 | N/A | 2,298 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 678 | N/A | 2,256 | N/A | 678 | N/A | 2,256 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 931 | 314 | 3,344 | 1,025 | 931 | 314 | 3,344 | 1,025 |
|
|
| Charles B. Curtis/2001 | 692 | 195 | 2,298 | 640 | 692 | 195 | 2,298 | 640 |
|
|
| Robert J. Darretta/2007(4) | 692 | N/A | 2,298 | N/A | 692 | N/A | 2,298 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 524 | N/A | 1,275 | N/A | 524 | N/A | 1,275 | N/A |
|
|
| John A. Hill/1985(4) | 678 | 544 | 2,256 | 1,777 | 678 | 544 | 2,256 | 1,777 |
|
|
| Paul L. Joskow/1997(4) | 692 | 218 | 2,298 | 709 | 692 | 218 | 2,298 | 709 |
|
|
| Elizabeth T. Kennan/1992(5) | 692 | 355 | 2,298 | 1,173 | 692 | 355 | 2,298 | 1,173 |
|
|
| Kenneth R. Leibler/2006 | 749 | N/A | 2,487 | N/A | 749 | N/A | 2,487 | N/A |
|
|
| Robert E. Patterson/1984 | 749 | 327 | 2,487 | 1,063 | 749 | 327 | 2,487 | 1,063 |
|
|
| George Putnam, III/1984 | 692 | 340 | 2,298 | 1,094 | 692 | 340 | 2,298 | 1,094 |
|
|
| W. Thomas Stephens/1997(7) | 692 | 220 | 2,298 | 723 | 692 | 220 | 2,298 | 723 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | | The George Putnam Fund of Boston | | The George Putnam Fund of Boston | | The Putnam Fund for Growth and Income | (d/b/a George Putnam Balanced Fund) | The Putnam Fund for Growth and Income | (d/b/a George Putnam Balanced Fund) |
|
|
| Liaquat Ahamed/2012(3)(4) | 4,709 | N/A | 4,709 | N/A | 5,145 | N/A |
|
|
| Ravi Akhoury/2009 | 20,576 | N/A | 20,576 | N/A | 5,292 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 20,176 | N/A | 20,176 | N/A | 5,292 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 30,148 | 6,790 | 130 | 1,752 | 30,148 | 6,790 | 7,158 | 2,477 |
|
|
| Charles B. Curtis/2001 | 20,169 | 4,341 | 81 | 1,132 | 20,169 | 4,341 | 5,292 | 1,532 |
|
|
| Robert J. Darretta/2007(4) | 20,576 | N/A | 20,576 | N/A | 5,292 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 4,709 | N/A | 4,709 | N/A | 5,466 | N/A |
|
|
| John A. Hill/1985(4) | 20,176 | 11,747 | 90 | 3,029 | 20,176 | 11,747 | 5,292 | 4,296 |
|
|
| Paul L. Joskow/1997(4) | 20,169 | 4,645 | 147 | 1,193 | 20,169 | 4,645 | 5,380 | 1,719 |
|
|
| Elizabeth T. Kennan/1992(5) | 18,137 | 8,172 | N/A | 2,157 | 18,137 | 8,172 | 4,439 | 2,790 |
|
|
| Kenneth R. Leibler/2006 | 22,274 | N/A | 135 | N/A | 22,274 | N/A | 5,738 | N/A |
|
|
| Robert E. Patterson/1984 | 22,274 | 6,942 | 140 | 1,780 | 22,274 | 6,942 | 5,738 | 2,583 |
|
|
| George Putnam, III/1984 | 20,576 | 6,971 | 91 | 1,768 | 20,576 | 6,971 | 5,292 | 2,687 |
|
|
| W. Thomas Stephens/1997(7) | 20,576 | 4,843 | N/A | 1,256 | 20,576 | 4,843 | 5,292 | 1,737 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Global Consumer Fund | *Putnam Global Dividend Fund | Putnam Global Consumer Fund | *Putnam Global Dividend Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 60 | N/A | 453 | N/A | 60 | N/A | 453 | N/A |
|
|
| Ravi Akhoury/2009 | 62 | N/A | 453 | N/A | 62 | N/A | 453 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 62 | N/A | 453 | N/A | 62 | N/A | 453 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 87 | 27 | 625 | 65 | 87 | 27 | 625 | 65 |
|
|
| Charles B. Curtis/2001 | 62 | 17 | 453 | 41 | 62 | 17 | 453 | 41 |
|
|
| Robert J. Darretta/2007(4) | 62 | N/A | 453 | N/A | 62 | N/A | 453 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 64 | N/A | 453 | N/A | 64 | N/A | 453 | N/A |
|
|
| John A. Hill/1985(4) | 62 | 47 | 453 | 113 | 62 | 47 | 453 | 113 |
|
|
| Paul L. Joskow/1997(4) | 63 | 19 | 453 | 45 | 63 | 19 | 453 | 45 |
|
|
| Elizabeth T. Kennan/1992(5) | 50 | 31 | 453 | 75 | 50 | 31 | 453 | 75 |
|
|
| Kenneth R. Leibler/2006 | 67 | N/A | 493 | N/A | 67 | N/A | 493 | N/A |
|
|
| Robert E. Patterson/1984 | 67 | 29 | 493 | 67 | 67 | 29 | 493 | 67 |
|
|
| George Putnam, III/1984 | 62 | 30 | 453 | 69 | 62 | 30 | 453 | 69 |
|
|
| W. Thomas Stephens/1997(7) | 62 | 19 | 453 | 46 | 62 | 19 | 453 | 46 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Global Energy Fund | Putnam Global Equity Fund | Putnam Global Energy Fund | Putnam Global Equity Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 79 | N/A | 816 | N/A | 79 | N/A | 816 | N/A |
|
|
| Ravi Akhoury/2009 | 81 | N/A | 3,580 | N/A | 81 | N/A | 3,580 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 81 | N/A | 3,511 | N/A | 81 | N/A | 3,511 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 114 | 38 | 5,252 | 1,196 | 114 | 38 | 5,252 | 1,196 |
|
|
| Charles B. Curtis/2001 | 81 | 23 | 3,509 | 765 | 81 | 23 | 3,509 | 765 |
|
|
| Robert J. Darretta/2007(4) | 81 | N/A | 3,580 | N/A | 81 | N/A | 3,580 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 84 | N/A | 816 | N/A | 84 | N/A | 816 | N/A |
|
|
| John A. Hill/1985(4) | 81 | 65 | 3,511 | 2,069 | 81 | 65 | 3,511 | 2,069 |
|
|
| Paul L. Joskow/1997(4) | 82 | 26 | 3,509 | 818 | 82 | 26 | 3,509 | 818 |
|
|
| Elizabeth T. Kennan/1992(5) | 68 | 42 | 3,152 | 1,441 | 68 | 42 | 3,152 | 1,441 |
|
|
| Kenneth R. Leibler/2006 | 88 | N/A | 3,875 | N/A | 88 | N/A | 3,875 | N/A |
|
|
| Robert E. Patterson/1984 | 88 | 39 | 3,875 | 1,223 | 88 | 39 | 3,875 | 1,223 |
|
|
| George Putnam, III/1984 | 81 | 41 | 3,580 | 1,227 | 81 | 41 | 3,580 | 1,227 |
|
|
| W. Thomas Stephens/1997(7) | 81 | 26 | 3,580 | 853 | 81 | 26 | 3,580 | 853 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Global Financials Fund | Putnam Global Health Care Fund | Putnam Global Financials Fund | Putnam Global Health Care Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 59 | N/A | 4,564 | N/A | 59 | N/A | 4,564 | N/A |
|
|
| Ravi Akhoury/2009 | 61 | N/A | 4,700 | N/A | 61 | N/A | 4,700 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 61 | N/A | 4,700 | N/A | 61 | N/A | 4,700 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 86 | 25 | 6,601 | 2,156 | 86 | 25 | 6,601 | 2,156 |
|
|
| Charles B. Curtis/2001 | 61 | 16 | 4,700 | 1,330 | 61 | 16 | 4,700 | 1,330 |
|
|
| Robert J. Darretta/2007(4) | 61 | N/A | 4,700 | N/A | 61 | N/A | 4,700 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 63 | N/A | 4,847 | N/A | 63 | N/A | 4,847 | N/A |
|
|
| John A. Hill/1985(4) | 61 | 44 | 4,700 | 3,740 | 61 | 44 | 4,700 | 3,740 |
|
|
| Paul L. Joskow/1997(4) | 62 | 18 | 4,782 | 1,496 | 62 | 18 | 4,782 | 1,496 |
|
|
| Elizabeth T. Kennan/1992(5) | 49 | 28 | 3,899 | 2,419 | 49 | 28 | 3,899 | 2,419 |
|
|
| Kenneth R. Leibler/2006 | 66 | N/A | 5,095 | N/A | 66 | N/A | 5,095 | N/A |
|
|
| Robert E. Patterson/1984 | 66 | 27 | 5,095 | 2,252 | 66 | 27 | 5,095 | 2,252 |
|
|
| George Putnam, III/1984 | 61 | 28 | 4,700 | 2,350 | 61 | 28 | 4,700 | 2,350 |
|
|
| W. Thomas Stephens/1997(7) | 61 | 18 | 4,700 | 1,511 | 61 | 18 | 4,700 | 1,511 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Global Income Trust | Putnam Global Industrials Fund | Putnam Global Income Trust | Putnam Global Industrials Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 381 | N/A | 48 | N/A | 381 | N/A | 48 | N/A |
|
|
| Ravi Akhoury/2009 | 1,663 | N/A | 50 | N/A | 1,663 | N/A | 50 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,631 | N/A | 50 | N/A | 1,631 | N/A | 50 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 2,449 | 553 | 70 | 22 | 2,449 | 553 | 70 | 22 |
|
|
| Charles B. Curtis/2001 | 1,629 | 354 | 50 | 14 | 1,629 | 354 | 50 | 14 |
|
|
| Robert J. Darretta/2007(4) | 1,663 | N/A | 50 | N/A | 1,663 | N/A | 50 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 381 | N/A | 51 | N/A | 381 | N/A | 51 | N/A |
|
|
| John A. Hill/1985(4) | 1,631 | 956 | 50 | 38 | 1,631 | 956 | 50 | 38 |
|
|
| Paul L. Joskow/1997(4) | 1,629 | 378 | 51 | 15 | 1,629 | 378 | 51 | 15 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,458 | 666 | 41 | 25 | 1,458 | 666 | 41 | 25 |
|
|
| Kenneth R. Leibler/2006 | 1,800 | N/A | 54 | N/A | 1,800 | N/A | 54 | N/A |
|
|
| Robert E. Patterson/1984 | 1,800 | 565 | 54 | 23 | 1,800 | 565 | 54 | 23 |
|
|
| George Putnam, III/1984 | 1,663 | 567 | 50 | 24 | 1,663 | 567 | 50 | 24 |
|
|
| W. Thomas Stephens/1997(7) | 1,663 | 394 | 50 | 15 | 1,663 | 394 | 50 | 15 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Global Natural Resources Fund | Putnam Global Sector Fund | Putnam Global Natural Resources Fund | Putnam Global Sector Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 1,285 | N/A | 1,285 | N/A |
|
|
| Ravi Akhoury/2009 | 1,318 | N/A | 1,318 | N/A | 0 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,318 | N/A | 1,318 | N/A | 0 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,847 | 648 | N/A | 1,847 | 648 | 0 |
|
|
| Charles B. Curtis/2001 | 1,318 | 400 | N/A | 1,318 | 400 | 0 |
|
|
| Robert J. Darretta/2007(4) | 1,318 | N/A | 1,318 | N/A | 0 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 1,365 | N/A | 1,365 | N/A |
|
|
| John A. Hill/1985(4) | 1,318 | 1,123 | N/A | 1,318 | 1,123 | 0 |
|
|
| Paul L. Joskow/1997(4) | 1,338 | 450 | N/A | 1,338 | 450 | 0 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,129 | 728 | N/A | 1,129 | 728 | 0 |
|
|
| Kenneth R. Leibler/2006 | 1,430 | N/A | 1,430 | N/A | 0 | N/A |
|
|
| Robert E. Patterson/1984 | 1,430 | 676 | N/A | 1,430 | 676 | 0 |
|
|
| George Putnam, III/1984 | 1,318 | 704 | N/A | 1,318 | 704 | 0 |
|
|
| W. Thomas Stephens/1997(7) | 1,318 | 454 | N/A | 1,318 | 454 | 0 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Global Technology Fund | Putnam Global Telecommunications Fund | Putnam Global Technology Fund | Putnam Global Telecommunications Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 51 | N/A | 66 | N/A | 51 | N/A | 66 | N/A |
|
|
| Ravi Akhoury/2009 | 53 | N/A | 68 | N/A | 53 | N/A | 68 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 53 | N/A | 68 | N/A | 53 | N/A | 68 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 74 | 26 | 96 | 31 | 74 | 26 | 96 | 31 |
|
|
| Charles B. Curtis/2001 | 53 | 16 | 68 | 19 | 53 | 16 | 68 | 19 |
|
|
| Robert J. Darretta/2007(4) | 53 | N/A | 68 | N/A | 53 | N/A | 68 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 54 | N/A | 71 | N/A | 54 | N/A | 71 | N/A |
|
|
| John A. Hill/1985(4) | 53 | 44 | 68 | 53 | 53 | 44 | 68 | 53 |
|
|
| Paul L. Joskow/1997(4) | 53 | 18 | 70 | 21 | 53 | 18 | 70 | 21 |
|
|
| Elizabeth T. Kennan/1992(5) | 44 | 29 | 56 | 34 | 44 | 29 | 56 | 34 |
|
|
| Kenneth R. Leibler/2006 | 57 | N/A | 74 | N/A | 57 | N/A | 74 | N/A |
|
|
| Robert E. Patterson/1984 | 57 | 27 | 74 | 32 | 57 | 27 | 74 | 32 |
|
|
| George Putnam, III/1984 | 53 | 28 | 68 | 33 | 53 | 28 | 68 | 33 |
|
|
| W. Thomas Stephens/1997(7) | 53 | 18 | 68 | 21 | 53 | 18 | 68 | 21 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Global Utilities Fund | Putnam Growth Opportunities Fund | Putnam Global Utilities Fund | Putnam Growth Opportunities Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 885 | N/A | 885 | N/A | 1,513 | N/A |
|
|
| Ravi Akhoury/2009 | 910 | N/A | 1,545 | N/A | 910 | N/A | 1,557 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 910 | N/A | 1,514 | N/A | 910 | N/A | 1,557 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,277 | 433 | 2,260 | 491 | 1,277 | 433 | 2,103 | 719 |
|
|
| Charles B. Curtis/2001 | 910 | 267 | 1,515 | 317 | 910 | 267 | 1,557 | 444 |
|
|
| Robert J. Darretta/2007(4) | 910 | N/A | 1,545 | N/A | 910 | N/A | 1,557 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 940 | N/A | 940 | N/A | 1,607 | N/A |
|
|
| John A. Hill/1985(4) | 910 | 751 | N/A | 910 | 751 | 1,557 | 1,246 |
|
|
| Paul L. Joskow/1997(4) | 925 | 301 | 1,608 | 849 | 925 | 301 | 1,584 | 499 |
|
|
| Elizabeth T. Kennan/1992(5) | 764 | 487 | 1,515 | 334 | 764 | 487 | 1,299 | 809 |
|
|
| Kenneth R. Leibler/2006 | 987 | N/A | 1,075 | 604 | 987 | N/A | 1,689 | N/A |
|
|
| Robert E. Patterson/1984 | 987 | 452 | 1,642 | N/A | 987 | 452 | 1,689 | 749 |
|
|
| George Putnam, III/1984 | 910 | 471 | 1,642 | 499 | 910 | 471 | 1,557 | 780 |
|
|
| W. Thomas Stephens/1997(7) | 910 | 304 | 1,545 | 496 | 910 | 304 | 1,557 | 504 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam High Yield Advantage Fund | Putnam High Yield Trust | Putnam High Yield Advantage Fund | Putnam High Yield Trust |
|
|
| Liaquat Ahamed/2012(3)(4) | 1,022 | N/A | 1,022 | N/A | 6,180 | N/A |
|
|
| Ravi Akhoury/2009 | 4,151 | N/A | 6,484 | N/A | 4,151 | N/A | 6,356 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 4,067 | N/A | 6,354 | N/A | 4,067 | N/A | 6,356 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 6,034 | 1,664 | 9,669 | 2,078 | 6,034 | 1,664 | 8,887 | 3,022 |
|
|
| Charles B. Curtis/2001 | 4,072 | 1,057 | 6,351 | 1,336 | 4,072 | 1,057 | 6,356 | 1,865 |
|
|
| Robert J. Darretta/2007(4) | 4,151 | N/A | 6,484 | N/A | 4,151 | N/A | 6,356 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 1,022 | N/A | 1,022 | N/A | 6,570 | N/A |
|
|
| John A. Hill/1985(4) | 4,067 | 2,880 | N/A | 4,067 | 2,880 | 6,356 | 5,241 |
|
|
| Paul L. Joskow/1997(4) | 4,072 | 1,141 | 6,736 | 3,593 | 4,072 | 1,141 | 6,450 | 2,098 |
|
|
| Elizabeth T. Kennan/1992(5) | 3,679 | 1,976 | 6,351 | 1,418 | 3,679 | 1,976 | 5,441 | 3,394 |
|
|
| Kenneth R. Leibler/2006 | 4,494 | N/A | 4,507 | 2,533 | 4,494 | N/A | 6,892 | N/A |
|
|
| Robert E. Patterson/1984 | 4,494 | 1,707 | 6,894 | N/A | 4,494 | 1,707 | 6,892 | 3,154 |
|
|
| George Putnam, III/1984 | 4,151 | 1,725 | 6,894 | 2,117 | 4,151 | 1,725 | 6,356 | 3,288 |
|
|
| W. Thomas Stephens/1997(7) | 4,151 | 1,183 | 6,484 | 2,112 | 4,151 | 1,183 | 6,356 | 2,117 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Income Fund | *Putnam Intermediate-Term Municipal Income Fund | Putnam Income Fund | *Putnam Intermediate-Term Municipal Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 1,503 | N/A | 453 | N/A | 1,503 | N/A | 453 | N/A |
|
|
| Ravi Akhoury/2009 | 6,407 | N/A | 453 | N/A | 6,407 | N/A | 453 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 6,278 | N/A | 453 | N/A | 6,278 | N/A | 453 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 9,438 | 2,124 | 625 | 65 | 9,438 | 2,124 | 625 | 65 |
|
|
| Charles B. Curtis/2001 | 6,279 | 1,358 | 453 | 41 | 6,279 | 1,358 | 453 | 41 |
|
|
| Robert J. Darretta/2007(4) | 6,407 | N/A | 453 | N/A | 6,407 | N/A | 453 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 1,503 | N/A | 453 | N/A | 1,503 | N/A | 453 | N/A |
|
|
| John A. Hill/1985(4) | 6,278 | 3,674 | 453 | 113 | 6,278 | 3,674 | 453 | 113 |
|
|
| Paul L. Joskow/1997(4) | 6,279 | 1,453 | 453 | 45 | 6,279 | 1,453 | 453 | 45 |
|
|
| Elizabeth T. Kennan/1992(5) | 5,639 | 2,558 | 453 | 75 | 5,639 | 2,558 | 453 | 75 |
|
|
| Kenneth R. Leibler/2006 | 6,935 | N/A | 493 | N/A | 6,935 | N/A | 493 | N/A |
|
|
| Robert E. Patterson/1984 | 6,935 | 2,171 | 493 | 67 | 6,935 | 2,171 | 493 | 67 |
|
|
| George Putnam, III/1984 | 6,407 | 2,179 | 453 | 69 | 6,407 | 2,179 | 453 | 69 |
|
|
| W. Thomas Stephens/1997(7) | 6,407 | 1,515 | 453 | 46 | 6,407 | 1,515 | 453 | 46 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam International Capital Opportunities Fund | Putnam International Equity Fund | Putnam International Capital Opportunities Fund | Putnam International Equity Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 3,117 | N/A | 3,600 | N/A | 3,117 | N/A |
|
|
| Ravi Akhoury/2009 | 4,261 | N/A | 4,389 | N/A | 3,699 | N/A | 4,389 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 4,183 | N/A | 4,302 | N/A | 3,699 | N/A | 4,302 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 6,343 | 1,436 | 5,907 | 1,992 | 5,188 | 1,765 | 5,907 | 1,992 |
|
|
| Charles B. Curtis/2001 | 4,177 | 926 | 4,389 | 1,234 | 3,699 | 1,089 | 4,389 | 1,234 |
|
|
| Robert J. Darretta/2007(4) | 4,261 | N/A | 4,389 | N/A | 3,699 | N/A | 4,389 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 3,294 | N/A | 3,824 | N/A | 3,294 | N/A |
|
|
| John A. Hill/1985(4) | 4,522 | 2,484 | 4,302 | 3,454 | 3,699 | 3,061 | 4,302 | 3,454 |
|
|
| Paul L. Joskow/1997(4) | 4,177 | 979 | 4,389 | 1,381 | 3,758 | 1,225 | 4,389 | 1,381 |
|
|
| Elizabeth T. Kennan/1992(5) | 2,848 | 1,761 | 4,389 | 2,251 | 3,130 | 1,982 | 4,389 | 2,251 |
|
|
| Kenneth R. Leibler/2006 | 4,521 | N/A | 4,751 | N/A | 4,011 | N/A | 4,751 | N/A |
|
|
| Robert E. Patterson/1984 | 4,521 | 1,461 | 4,751 | 2,075 | 4,011 | 1,842 | 4,751 | 2,075 |
|
|
| George Putnam, III/1984 | 4,261 | 1,454 | 4,389 | 2,154 | 3,699 | 1,921 | 4,389 | 2,154 |
|
|
| W. Thomas Stephens/1997(7) | 4,261 | 1,029 | 4,389 | 1,398 | 3,699 | 1,237 | 4,389 | 1,398 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam International Growth Fund | Putnam International Value Fund | Putnam International Growth Fund | Putnam International Value Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 645 | N/A | 1,395 | N/A | 645 | N/A |
|
|
| Ravi Akhoury/2009 | 1,546 | N/A | 905 | N/A | 1,436 | N/A | 905 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,518 | N/A | 887 | N/A | 1,436 | N/A | 887 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 2,301 | 517 | 1,218 | 410 | 2,014 | 674 | 1,218 | 410 |
|
|
| Charles B. Curtis/2001 | 1,515 | 332 | 905 | 254 | 1,436 | 415 | 905 | 254 |
|
|
| Robert J. Darretta/2007(4) | 1,546 | N/A | 905 | N/A | 1,436 | N/A | 905 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 681 | N/A | 1,482 | N/A | 681 | N/A |
|
|
| John A. Hill/1985(4) | 1,635 | 893 | 887 | 711 | 1,436 | 1,169 | 887 | 711 |
|
|
| Paul L. Joskow/1997(4) | 1,515 | 353 | 905 | 284 | 1,459 | 468 | 905 | 284 |
|
|
| Elizabeth T. Kennan/1992(5) | N/A | 628 | 905 | 464 | 1,207 | 754 | 905 | 464 |
|
|
| Kenneth R. Leibler/2006 | 1,641 | N/A | 980 | N/A | 1,557 | N/A | 980 | N/A |
|
|
| Robert E. Patterson/1984 | 1,641 | 527 | 980 | 427 | 1,557 | 705 | 980 | 427 |
|
|
| George Putnam, III/1984 | 1,546 | 526 | 905 | 444 | 1,436 | 737 | 905 | 444 |
|
|
| W. Thomas Stephens/1997(7) | 1,546 | 369 | 905 | 288 | 1,436 | 472 | 905 | 288 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Investors Fund | *Putnam Low Volatility Equity Fund | Putnam Investors Fund | *Putnam Low Volatility Equity Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 453 | N/A | 5,963 | N/A | 453 | N/A |
|
|
| Ravi Akhoury/2009 | 6,249 | N/A | 453 | N/A | 6,135 | N/A | 453 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 6,125 | N/A | 453 | N/A | 6,135 | N/A | 453 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 9,125 | 1,991 | 625 | 65 | 8,287 | 2,845 | 625 | 20 |
|
|
| Charles B. Curtis/2001 | 6,126 | 1,285 | 453 | 41 | 6,135 | 1,759 | 453 | 12 |
|
|
| Robert J. Darretta/2007(4) | 6,249 | N/A | 453 | N/A | 6,135 | N/A | 453 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 453 | N/A | 6,333 | N/A | 453 | N/A |
|
|
| John A. Hill/1985(4) | 6,528 | 3,442 | 453 | 113 | 6,135 | 4,934 | 453 | 35 |
|
|
| Paul L. Joskow/1997(4) | 6,126 | 1,356 | 453 | 45 | 6,239 | 1,974 | 453 | 14 |
|
|
| Elizabeth T. Kennan/1992(5) | 4,313 | 1,825 | 453 | 75 | 5,120 | 3,205 | 453 | 22 |
|
|
| Kenneth R. Leibler/2006 | 6,641 | N/A | 493 | N/A | 6,651 | N/A | 493 | N/A |
|
|
| Robert E. Patterson/1984 | 6,641 | 2,023 | 493 | 67 | 6,651 | 2,967 | 493 | 21 |
|
|
| George Putnam, III/1984 | 6,249 | 2,010 | 453 | 69 | 6,135 | 3,088 | 453 | 23 |
|
|
| W. Thomas Stephens/1997(7) | 6,249 | 1,427 | 453 | 46 | 6,135 | 1,996 | 453 | 14 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Massachusetts Tax Exempt Income Fund | Putnam Michigan Tax Exempt Income Fund | Putnam Massachusetts Tax Exempt Income Fund | Putnam Michigan Tax Exempt Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 1,380 | N/A | 262 | N/A | 1,380 | N/A | 262 | N/A |
|
|
| Ravi Akhoury/2009 | 1,890 | N/A | 369 | N/A | 1,890 | N/A | 369 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,855 | N/A | 361 | N/A | 1,855 | N/A | 361 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 2,734 | 843 | 538 | 165 | 2,734 | 843 | 538 | 165 |
|
|
| Charles B. Curtis/2001 | 1,890 | 523 | 369 | 103 | 1,890 | 523 | 369 | 103 |
|
|
| Robert J. Darretta/2007(4) | 1,890 | N/A | 369 | N/A | 1,890 | N/A | 369 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 1,461 | N/A | 277 | N/A | 1,461 | N/A | 277 | N/A |
|
|
| John A. Hill/1985(4) | 1,855 | 1,461 | 361 | 287 | 1,855 | 1,461 | 361 | 287 |
|
|
| Paul L. Joskow/1997(4) | 1,890 | 584 | 369 | 115 | 1,890 | 584 | 369 | 115 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,890 | 955 | 369 | 187 | 1,890 | 955 | 369 | 187 |
|
|
| Kenneth R. Leibler/2006 | 2,046 | N/A | 399 | N/A | 2,046 | N/A | 399 | N/A |
|
|
| Robert E. Patterson/1984 | 2,046 | 877 | 399 | 172 | 2,046 | 877 | 399 | 172 |
|
|
| George Putnam, III/1984 | 1,890 | 909 | 369 | 178 | 1,890 | 909 | 369 | 178 |
|
|
| W. Thomas Stephens/1997(7) | 1,890 | 592 | 369 | 116 | 1,890 | 592 | 369 | 116 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Minnesota Tax Exempt Income Fund | Putnam Money Market Fund | Putnam Minnesota Tax Exempt Income Fund | Putnam Money Market Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 387 | N/A | 387 | N/A | 6,292 | N/A |
|
|
| Ravi Akhoury/2009 | 537 | N/A | 8,211 | N/A | 537 | N/A | 6,474 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 527 | N/A | 8,062 | N/A | 527 | N/A | 6,474 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 781 | 240 | 12,228 | 2,709 | 781 | 240 | 9,099 | 3,082 |
|
|
| Charles B. Curtis/2001 | 537 | 149 | 8,041 | 1,741 | 537 | 149 | 6,474 | 1,899 |
|
|
| Robert J. Darretta/2007(4) | 537 | N/A | 8,211 | N/A | 537 | N/A | 6,474 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 409 | N/A | 409 | N/A | 6,690 | N/A |
|
|
| John A. Hill/1985(4) | 527 | 415 | 8,581 | 4,685 | 527 | 415 | 6,474 | 5,347 |
|
|
| Paul L. Joskow/1997(4) | 537 | 166 | 8,041 | 1,849 | 537 | 166 | 6,580 | 2,142 |
|
|
| Elizabeth T. Kennan/1992(5) | 537 | 271 | 5,311 | 3,298 | 537 | 271 | 5,438 | 3,451 |
|
|
| Kenneth R. Leibler/2006 | 581 | N/A | 8,700 | N/A | 581 | N/A | 7,019 | N/A |
|
|
| Robert E. Patterson/1984 | 581 | 249 | 8,700 | 2,761 | 581 | 249 | 7,019 | 3,222 |
|
|
| George Putnam, III/1984 | 537 | 258 | 8,211 | 2,758 | 537 | 258 | 6,474 | 3,366 |
|
|
| W. Thomas Stephens/1997(7) | 537 | 168 | 8,211 | 1,937 | 537 | 168 | 6,474 | 2,158 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Money Market Liquidity Fund | Putnam Multi-Cap Core Fund | Putnam Money Market Liquidity Fund | Putnam Multi-Cap Core Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 34 | N/A | 12,783 | N/A | 34 | N/A |
|
|
| Ravi Akhoury/2009 | 19,924 | N/A | 46 | N/A | 13,022 | N/A | 46 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 19,483 | N/A | 45 | N/A | 13,021 | N/A | 45 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 30,193 | 6,567 | 66 | 19 | 18,319 | 7,472 | 66 | 19 |
|
|
| Charles B. Curtis/2001 | 19,519 | 4,213 | 46 | 12 | 13,022 | 4,629 | 46 | 12 |
|
|
| Robert J. Darretta/2007(4) | 19,924 | N/A | 46 | N/A | 13,022 | N/A | 46 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 36 | N/A | 13,683 | N/A | 36 | N/A |
|
|
| John A. Hill/1985(4) | 20,707 | 11,358 | 45 | 34 | 13,022 | 12,956 | 45 | 34 |
|
|
| Paul L. Joskow/1997(4) | 19,519 | 4,486 | 46 | 13 | 13,139 | 5,180 | 46 | 13 |
|
|
| Elizabeth T. Kennan/1992(5) | 13,705 | 7,967 | 46 | 22 | 11,875 | 8,443 | 46 | 22 |
|
|
| Kenneth R. Leibler/2006 | 21,164 | N/A | 50 | N/A | 14,134 | N/A | 50 | N/A |
|
|
| Robert E. Patterson/1984 | 21,164 | 6,700 | 50 | 20 | 14,134 | 7,783 | 50 | 20 |
|
|
| George Putnam, III/1984 | 19,924 | 6,701 | 46 | 21 | 13,022 | 8,081 | 46 | 21 |
|
|
| W. Thomas Stephens/1997(7) | 19,924 | 4,692 | 46 | 14 | 13,022 | 5,246 | 46 | 14 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Multi-Cap Growth Fund | Putnam Multi-Cap Value Fund | Putnam Multi-Cap Growth Fund | Putnam Multi-Cap Value Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 10,374 | N/A | 1,119 | N/A | 10,374 | N/A | 1,119 | N/A |
|
|
| Ravi Akhoury/2009 | 14,598 | N/A | 1,684 | N/A | 14,598 | N/A | 1,684 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 14,307 | N/A | 1,643 | N/A | 14,307 | N/A | 1,643 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 19,625 | 6,607 | 2,510 | 858 | 19,625 | 6,607 | 2,510 | 858 |
|
|
| Charles B. Curtis/2001 | 14,598 | 4,094 | 1,684 | 535 | 14,598 | 4,094 | 1,684 | 535 |
|
|
| Robert J. Darretta/2007(4) | 14,598 | N/A | 1,684 | N/A | 14,598 | N/A | 1,684 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 10,949 | N/A | 1,171 | N/A | 10,949 | N/A | 1,171 | N/A |
|
|
| John A. Hill/1985(4) | 14,307 | 11,456 | 1,643 | 1,487 | 14,307 | 11,456 | 1,643 | 1,487 |
|
|
| Paul L. Joskow/1997(4) | 14,598 | 4,580 | 1,684 | 593 | 14,598 | 4,580 | 1,684 | 593 |
|
|
| Elizabeth T. Kennan/1992(5) | 14,598 | 7,467 | 1,684 | 980 | 14,598 | 7,467 | 1,684 | 980 |
|
|
| Kenneth R. Leibler/2006 | 15,802 | N/A | 1,824 | N/A | 15,802 | N/A | 1,824 | N/A |
|
|
| Robert E. Patterson/1984 | 15,802 | 6,882 | 1,824 | 890 | 15,802 | 6,882 | 1,824 | 890 |
|
|
| George Putnam, III/1984 | 14,598 | 7,145 | 1,684 | 917 | 14,598 | 7,145 | 1,684 | 917 |
|
|
| W. Thomas Stephens/1997(7) | 14,598 | 4,639 | 1,684 | 604 | 14,598 | 4,639 | 1,684 | 604 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam New Jersey Tax Exempt Income Fund | Putnam New York Tax Exempt Income Fund | Putnam New Jersey Tax Exempt Income Fund | Putnam New York Tax Exempt Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 932 | N/A | 1,336 | N/A | 932 | N/A | 1,336 | N/A |
|
|
| Ravi Akhoury/2009 | 1,298 | N/A | 5,640 | N/A | 1,298 | N/A | 5,640 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,273 | N/A | 5,526 | N/A | 1,273 | N/A | 5,526 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,890 | 580 | 8,199 | 2,241 | 1,890 | 580 | 8,199 | 2,241 |
|
|
| Charles B. Curtis/2001 | 1,298 | 360 | 5,530 | 1,424 | 1,298 | 360 | 5,530 | 1,424 |
|
|
| Robert J. Darretta/2007(4) | 1,298 | N/A | 5,640 | N/A | 1,298 | N/A | 5,640 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 986 | N/A | 1,336 | N/A | 986 | N/A | 1,336 | N/A |
|
|
| John A. Hill/1985(4) | 1,273 | 1,005 | 5,526 | 3,878 | 1,273 | 1,005 | 5,526 | 3,878 |
|
|
| Paul L. Joskow/1997(4) | 1,298 | 401 | 5,530 | 1,537 | 1,298 | 401 | 5,530 | 1,537 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,298 | 657 | 4,977 | 2,660 | 1,298 | 657 | 4,977 | 2,660 |
|
|
| Kenneth R. Leibler/2006 | 1,405 | N/A | 6,106 | N/A | 1,405 | N/A | 6,106 | N/A |
|
|
| Robert E. Patterson/1984 | 1,405 | 603 | 6,106 | 2,299 | 1,405 | 603 | 6,106 | 2,299 |
|
|
| George Putnam, III/1984 | 1,298 | 625 | 5,640 | 2,323 | 1,298 | 625 | 5,640 | 2,323 |
|
|
| W. Thomas Stephens/1997(7) | 1,298 | 407 | 5,640 | 1,593 | 1,298 | 407 | 5,640 | 1,593 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Ohio Tax Exempt Income Fund | Putnam Pennsylvania Tax Exempt Income Fund | Putnam Ohio Tax Exempt Income Fund | Putnam Pennsylvania Tax Exempt Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 521 | N/A | 805 | N/A | 521 | N/A | 805 | N/A |
|
|
| Ravi Akhoury/2009 | 773 | N/A | 1,133 | N/A | 733 | N/A | 1,133 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 719 | N/A | 1,110 | N/A | 719 | N/A | 1,110 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,070 | 327 | 1,655 | 510 | 1,070 | 327 | 1,655 | 510 |
|
|
| Charles B. Curtis/2001 | 733 | 203 | 1,133 | 317 | 733 | 203 | 1,133 | 317 |
|
|
| Robert J. Darretta/2007(4) | 733 | N/A | 1,133 | N/A | 733 | N/A | 1,133 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 551 | N/A | 851 | N/A | 551 | N/A | 851 | N/A |
|
|
| John A. Hill/1985(4) | 719 | 566 | 1,110 | 884 | 719 | 566 | 1,110 | 884 |
|
|
| Paul L. Joskow/1997(4) | 733 | 226 | 1,133 | 353 | 733 | 226 | 1,133 | 353 |
|
|
| Elizabeth T. Kennan/1992(5) | 733 | 370 | 1,133 | 578 | 733 | 370 | 1,133 | 578 |
|
|
| Kenneth R. Leibler/2006 | 794 | N/A | 1,226 | N/A | 794 | N/A | 1,226 | N/A |
|
|
| Robert E. Patterson/1984 | 794 | 340 | 1,226 | 531 | 794 | 340 | 1,226 | 531 |
|
|
| George Putnam, III/1984 | 733 | 352 | 1,133 | 550 | 733 | 352 | 1,133 | 550 |
|
|
| W. Thomas Stephens/1997(7) | 733 | 230 | 1,133 | 358 | 733 | 230 | 1,133 | 358 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Research Fund | Putnam RetirementReady 2055 Fund | Putnam Research Fund | Putnam RetirementReady 2055 Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 936 | N/A |
|
|
| Ravi Akhoury/2009 | 979 | N/A | 0 | N/A | 963 | N/A | 0 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 960 | N/A | 0 | N/A | 963 | N/A | 0 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,429 | 310 | 0 | 1,301 | 446 | 0 |
|
|
| Charles B. Curtis/2001 | 959 | 200 | 0 | 963 | 276 | 0 |
|
|
| Robert J. Darretta/2007(4) | 979 | N/A | 0 | N/A | 963 | N/A | 0 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 994 | N/A |
|
|
| John A. Hill/1985(4) | 1,020 | 535 | 0 | 963 | 774 | 0 |
|
|
| Paul L. Joskow/1997(4) | 959 | 211 | 0 | 979 | 310 | 0 |
|
|
| Elizabeth T. Kennan/1992(5) | 678 | 381 | 0 | 804 | 503 | 0 |
|
|
| Kenneth R. Leibler/2006 | 1,040 | N/A | 0 | N/A | 1,044 | N/A | 0 | N/A |
|
|
| Robert E. Patterson/1984 | 1,040 | 315 | 0 | 1,044 | 466 | 0 |
|
|
| George Putnam, III/1984 | 979 | 313 | 0 | 963 | 485 | 0 |
|
|
| W. Thomas Stephens/1997(7) | 979 | 222 | 0 | 963 | 313 | 0 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam RetirementReady 2050 Fund | Putnam RetirementReady 2045 Fund | Putnam RetirementReady 2050 Fund | Putnam RetirementReady 2045 Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | N/A |
|
|
| Ravi Akhoury/2009 | 0 | N/A | 0 | N/A | 0 | N/A | 0 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 0 | N/A | 0 | N/A | 0 | N/A | 0 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 0 | 0 |
|
|
| Charles B. Curtis/2001 | 0 | 0 |
|
|
| Robert J. Darretta/2007(4) | 0 | N/A | 0 | N/A | 0 | N/A | 0 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | N/A |
|
|
| John A. Hill/1985(4) | 0 | 0 |
|
|
| Paul L. Joskow/1997(4) | 0 | 0 |
|
|
| Elizabeth T. Kennan/1992(5) | 0 | 0 |
|
|
| Kenneth R. Leibler/2006 | 0 | N/A | 0 | N/A | 0 | N/A | 0 | N/A |
|
|
| Robert E. Patterson/1984 | 0 | 0 |
|
|
| George Putnam, III/1984 | 0 | 0 |
|
|
| W. Thomas Stephens/1997(7) | 0 | 0 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | | | | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
| | Putnam RetirementReady 2040 Fund | Putnam RetirementReady 2035 Fund |
| Liaquat Ahamed/2012(3)(4) | N/A | N/A | N/A | N/A |
| Ravi Akhoury/2009 | 0 | N/A | 0 | N/A |
| Barbara M. Baumann/2010(4) | 0 | N/A | 0 | N/A |
| Jameson A. Baxter/1994(4)(6) | 0 | 0 | 0 | 0 |
| Charles B. Curtis/2001 | 0 | 0 | 0 | 0 |
| Robert J. Darretta/2007(4) | 0 | N/A | 0 | N/A |
| Katinka Domotorffy/2012(3)(4) | N/A | N/A | N/A | N/A |
| John A. Hill/1985(4) | 0 | 0 | 0 | 0 |
| Paul L. Joskow/1997(4) | 0 | 0 | 0 | 0 |
| Elizabeth T. Kennan/1992(5) | 0 | 0 | 0 | 0 |
| Kenneth R. Leibler/2006 | 0 | N/A | 0 | N/A |
| Robert E. Patterson/1984 | 0 | 0 | 0 | 0 |
| George Putnam, III/1984 | 0 | 0 | 0 | 0 |
| W. Thomas Stephens/1997(7) | 0 | 0 | 0 | 0 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
| | Putnam RetirementReady 2030 Fund | Putnam RetirementReady 2025 Fund |
| Liaquat Ahamed/2012(3)(4) | N/A | N/A | N/A | N/A |
| Ravi Akhoury/2009 | 0 | N/A | 0 | N/A |
| Barbara M. Baumann/2010(4) | 0 | N/A | 0 | N/A |
| Jameson A. Baxter/1994(4)(6) | 0 | 0 | 0 | 0 |
| Charles B. Curtis/2001 | 0 | 0 | 0 | 0 |
| Robert J. Darretta/2007(4) | 0 | N/A | 0 | N/A |
| Katinka Domotorffy/2012(3)(4) | N/A | N/A | N/A | N/A |
| John A. Hill/1985(4) | 0 | 0 | 0 | 0 |
| Paul L. Joskow/1997(4) | 0 | 0 | 0 | 0 |
| Elizabeth T. Kennan/1992(5) | 0 | 0 | 0 | 0 |
| Kenneth R. Leibler/2006 | 0 | N/A | 0 | N/A |
| Robert E. Patterson/1984 | 0 | 0 | 0 | 0 |
| George Putnam, III/1984 | 0 | 0 | 0 | 0 |
| W. Thomas Stephens/1997(7) | 0 | 0 | 0 | 0 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
| | Putnam RetirementReady 2020 Fund | Putnam RetirementReady 2015 Fund |
| Liaquat Ahamed/2012(3)(4) | N/A | N/A | N/A | N/A |
| Ravi Akhoury/2009 | 0 | N/A | 0 | N/A |
| Barbara M. Baumann/2010(4) | 0 | N/A | 0 | N/A |
| Jameson A. Baxter/1994(4)(6) | 0 | 0 | 0 | 0 |
| Charles B. Curtis/2001 | 0 | 0 | 0 | 0 |
| Robert J. Darretta/2007(4) | 0 | N/A | 0 | N/A |
| Katinka Domotorffy/2012(3)(4) | N/A | N/A | N/A | N/A |
| John A. Hill/1985(4) | 0 | 0 | 0 | 0 |
| Paul L. Joskow/1997(4) | 0 | 0 | 0 | 0 |
| Elizabeth T. Kennan/1992(5) | 0 | 0 | 0 | 0 |
| Kenneth R. Leibler/2006 | 0 | N/A | 0 | N/A |
| Robert E. Patterson/1984 | 0 | 0 | 0 | 0 |
| George Putnam, III/1984 | 0 | 0 | 0 | 0 |
| W. Thomas Stephens/1997(7) | 0 | 0 | 0 | 0 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Retirement Income Fund Lifestyle 1 | Putnam Retirement Income Fund Lifestyle 2 | Putnam Retirement Income Fund Lifestyle 1 | Putnam Retirement Income Fund Lifestyle 2 |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | N/A | 28 | N/A |
|
|
| Ravi Akhoury/2009 | 0 | N/A | 27 | N/A | 0 | N/A | 29 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 0 | N/A | 27 | N/A | 0 | N/A | 29 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 0 | 40 | 9 | 0 | 41 | 13 |
|
|
| Charles B. Curtis/2001 | 0 | 27 | 6 | 0 | 29 | 8 |
|
|
| Robert J. Darretta/2007(4) | 0 | N/A | 27 | N/A | 0 | N/A | 29 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | N/A | 30 | N/A |
|
|
| John A. Hill/1985(4) | 0 | N/A | 0 | 29 | 23 |
|
|
| Paul L. Joskow/1997(4) | 0 | 27 | 15 | 0 | 29 | 9 |
|
|
| Elizabeth T. Kennan/1992(5) | 0 | 27 | 6 | 0 | 24 | 15 |
|
|
| Kenneth R. Leibler/2006 | 0 | N/A | 18 | 12 | 0 | N/A | 31 | N/A |
|
|
| Robert E. Patterson/1984 | 0 | 29 | N/A | 0 | 31 | 14 |
|
|
| George Putnam, III/1984 | 0 | 29 | 9 | 0 | 29 | 14 |
|
|
| W. Thomas Stephens/1997(7) | 0 | 27 | 9 | 0 | 29 | 9 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Retirement Income Fund Lifestyle 3 | Putnam Short Duration Income Fund | Putnam Retirement Income Fund Lifestyle 3 | Putnam Short Duration Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 32 | N/A | 2,695 | N/A | 32 | N/A | 2,695 | N/A |
|
|
| Ravi Akhoury/2009 | 69 | N/A | 2,819 | N/A | 69 | N/A | 2,819 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 67 | N/A | 2,819 | N/A | 67 | N/A | 2,819 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 100 | 30 | 3,657 | 856 | 100 | 30 | 3,657 | 856 |
|
|
| Charles B. Curtis/2001 | 69 | 19 | 2,819 | 524 | 69 | 19 | 2,819 | 524 |
|
|
| Robert J. Darretta/2007(4) | 69 | N/A | 2,819 | N/A | 69 | N/A | 2,819 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 35 | N/A | 2,856 | N/A | 35 | N/A | 2,856 | N/A |
|
|
| John A. Hill/1985(4) | 67 | 53 | 2,819 | 1,486 | 67 | 53 | 2,819 | 1,486 |
|
|
| Paul L. Joskow/1997(4) | 69 | 21 | 2,894 | 597 | 69 | 21 | 2,894 | 597 |
|
|
| Elizabeth T. Kennan/1992(5) | 69 | 35 | 2,080 | 949 | 69 | 35 | 2,080 | 949 |
|
|
| Kenneth R. Leibler/2006 | 74 | N/A | 3,051 | N/A | 74 | N/A | 3,051 | N/A |
|
|
| Robert E. Patterson/1984 | 74 | 32 | 3,051 | 898 | 74 | 32 | 3,051 | 898 |
|
|
| George Putnam, III/1984 | 69 | 32 | 2,819 | 945 | 69 | 32 | 2,819 | 945 |
|
|
| W. Thomas Stephens/1997(7) | 69 | 21 | 2,819 | 597 | 69 | 21 | 2,819 | 597 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | *Putnam Short Term Investment Fund | *Putnam Short-Term Municipal Income Fund | *Putnam Short Term Investment Fund | *Putnam Short-Term Municipal Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 5,071 | N/A | 453 | N/A | 5,071 | N/A | 453 | N/A |
|
|
| Ravi Akhoury/2009 | 5,270 | N/A | 453 | N/A | 5,270 | N/A | 453 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 5,270 | N/A | 453 | N/A | 5,270 | N/A | 453 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 6,577 | 2,960 | 625 | 65 | 6,577 | 2,960 | 625 | 65 |
|
|
| Charles B. Curtis/2001 | 5,270 | 1,785 | 453 | 41 | 5,270 | 1,785 | 453 | 41 |
|
|
| Robert J. Darretta/2007(4) | 5,270 | N/A | 453 | N/A | 5,270 | N/A | 453 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 5,270 | N/A | 453 | N/A | 5,270 | N/A | 453 | N/A |
|
|
| John A. Hill/1985(4) | 5,270 | 5,146 | 453 | 113 | 5,270 | 5,146 | 453 | 113 |
|
|
| Paul L. Joskow/1997(4) | 5,436 | 2,076 | 453 | 45 | 5,436 | 2,076 | 453 | 45 |
|
|
| Elizabeth T. Kennan/1992(5) | 3,649 | 3,197 | 453 | 75 | 3,649 | 3,197 | 453 | 75 |
|
|
| Kenneth R. Leibler/2006 | 5,706 | N/A | 493 | N/A | 5,706 | N/A | 493 | N/A |
|
|
| Robert E. Patterson/1984 | 5,706 | 3,136 | 493 | 67 | 5,706 | 3,136 | 493 | 67 |
|
|
| George Putnam, III/1984 | 5,270 | 3,351 | 453 | 69 | 5,270 | 3,351 | 453 | 69 |
|
|
| W. Thomas Stephens/1997(7) | 5,270 | 2,050 | 453 | 46 | 5,270 | 2,050 | 453 | 46 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam Small Cap Growth Fund | Putnam Small Cap Value Fund | Putnam Small Cap Growth Fund | Putnam Small Cap Value Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 375 | N/A | 335 | N/A | 375 | N/A | 335 | N/A |
|
|
| Ravi Akhoury/2009 | 525 | N/A | 728 | N/A | 525 | N/A | 728 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 515 | N/A | 713 | N/A | 515 | N/A | 713 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 706 | 238 | 1,059 | 321 | 706 | 238 | 1,059 | 321 |
|
|
| Charles B. Curtis/2001 | 525 | 147 | 728 | 201 | 525 | 147 | 728 | 201 |
|
|
| Robert J. Darretta/2007(4) | 525 | N/A | 728 | N/A | 525 | N/A | 728 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 395 | N/A | 362 | N/A | 395 | N/A | 362 | N/A |
|
|
| John A. Hill/1985(4) | 515 | 413 | 713 | 557 | 515 | 413 | 713 | 557 |
|
|
| Paul L. Joskow/1997(4) | 525 | 165 | 728 | 222 | 525 | 165 | 728 | 222 |
|
|
| Elizabeth T. Kennan/1992(5) | 525 | 269 | 728 | 368 | 525 | 269 | 728 | 368 |
|
|
| Kenneth R. Leibler/2006 | 569 | N/A | 788 | N/A | 569 | N/A | 788 | N/A |
|
|
| Robert E. Patterson/1984 | 569 | 248 | 788 | 333 | 569 | 248 | 788 | 333 |
|
|
| George Putnam, III/1984 | 525 | 257 | 728 | 343 | 525 | 257 | 728 | 343 |
|
|
| W. Thomas Stephens/1997(7) | 525 | 167 | 728 | 227 | 525 | 167 | 728 | 227 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | *Putnam Strategic Volatility Equity Fund | Putnam Tax Exempt Income Fund | *Putnam Strategic Volatility Equity Fund | Putnam Tax Exempt Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 453 | N/A | 453 | N/A | 5,136 | N/A |
|
|
| Ravi Akhoury/2009 | 453 | N/A | 5,566 | N/A | 453 | N/A | 5,286 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 453 | N/A | 5,453 | N/A | 453 | N/A | 5,286 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 625 | 65 | 8,308 | 1,798 | 625 | 4 | 7,400 | 2,507 |
|
|
| Charles B. Curtis/2001 | 453 | 41 | 5,457 | 1,153 | 453 | 3 | 5,286 | 1,545 |
|
|
| Robert J. Darretta/2007(4) | 453 | N/A | 5,566 | N/A | 453 | N/A | 5,286 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 453 | N/A | 453 | N/A | 5,463 | N/A |
|
|
| John A. Hill/1985(4) | 453 | 113 | 5,757 | 3,110 | 453 | 8 | 5,286 | 4,349 |
|
|
| Paul L. Joskow/1997(4) | 453 | 45 | 5,457 | 1,228 | 453 | 3 | 5,366 | 1,742 |
|
|
| Elizabeth T. Kennan/1992(5) | 453 | 75 | 3,777 | 2,180 | 453 | 5 | 4,503 | 2,808 |
|
|
| Kenneth R. Leibler/2006 | 493 | N/A | 5,909 | N/A | 493 | N/A | 5,731 | N/A |
|
|
| Robert E. Patterson/1984 | 493 | 67 | 5,909 | 1,834 | 493 | 5 | 5,731 | 2,620 |
|
|
| George Putnam, III/1984 | 453 | 69 | 5,566 | 1,835 | 453 | 5 | 5,286 | 2,737 |
|
|
| W. Thomas Stephens/1997(7) | 453 | 46 | 5,566 | 1,284 | 453 | 3 | 5,286 | 1,755 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam Tax Exempt Money Market Fund | Putnam Tax-Free High Yield Fund | Putnam Tax Exempt Money Market Fund | Putnam Tax-Free High Yield Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 4,944 | N/A | 184 | N/A | 4,944 | N/A |
|
|
| Ravi Akhoury/2009 | 242 | N/A | 5,086 | N/A | 189 | N/A | 5,086 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 238 | N/A | 5,086 | N/A | 189 | N/A | 5,086 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 361 | 80 | 6,896 | 2,427 | 266 | 92 | 6,896 | 2,427 |
|
|
| Charles B. Curtis/2001 | 237 | 52 | 5,086 | 1,502 | 189 | 57 | 5,086 | 1,502 |
|
|
| Robert J. Darretta/2007(4) | 242 | N/A | 5,086 | N/A | 189 | N/A | 5,086 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 5,259 | N/A | 196 | N/A | 5,259 | N/A |
|
|
| John A. Hill/1985(4) | 252 | 139 | 5,086 | 4,209 | 189 | 160 | 5,086 | 4,209 |
|
|
| Paul L. Joskow/1997(4) | 237 | 55 | 5,161 | 1,684 | 192 | 64 | 5,161 | 1,684 |
|
|
| Elizabeth T. Kennan/1992(5) | 159 | 98 | 4,358 | 2,736 | 161 | 103 | 4,358 | 2,736 |
|
|
| Kenneth R. Leibler/2006 | 257 | N/A | 5,515 | N/A | 205 | N/A | 5,515 | N/A |
|
|
| Robert E. Patterson/1984 | 257 | 82 | 5,515 | 2,530 | 205 | 96 | 5,515 | 2,530 |
|
|
| George Putnam, III/1984 | 242 | 82 | 5,086 | 2,631 | 189 | 100 | 5,086 | 2,631 |
|
|
| W. Thomas Stephens/1997(7) | 242 | 57 | 5,086 | 1,703 | 189 | 64 | 5,086 | 1,703 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam U.S. Government Income Trust | Putnam Voyager Fund | Putnam U.S. Government Income Trust | Putnam Voyager Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | N/A | 6,333 | N/A | 14,985 | N/A |
|
|
| Ravi Akhoury/2009 | 7,589 | N/A | 8,211 | N/A | 6,501 | N/A | 15,394 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 7,437 | N/A | 8,062 | N/A | 6,501 | N/A | 15,394 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 11,330 | 2,469 | 12,228 | 2,709 | 9,100 | 3,164 | 20,875 | 7,361 |
|
|
| Charles B. Curtis/2001 | 7,437 | 1,585 | 8,041 | 1,741 | 6,501 | 1,951 | 15,394 | 4,554 |
|
|
| Robert J. Darretta/2007(4) | 7,589 | N/A | 8,211 | N/A | 6,501 | N/A | 15,394 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | N/A | 6,732 | N/A | 15,914 | N/A |
|
|
| John A. Hill/1985(4) | 7,854 | 4,271 | 8,581 | 4,685 | 6,501 | 5,489 | 15,394 | 12,766 |
|
|
| Paul L. Joskow/1997(4) | 7,437 | 1,687 | 8,041 | 1,849 | 6,594 | 2,198 | 15,645 | 5,107 |
|
|
| Elizabeth T. Kennan/1992(5) | 5,102 | 2,997 | 5,311 | 3,298 | 5,587 | 3,548 | 12,945 | 8.298 |
|
|
| Kenneth R. Leibler/2006 | 8,053 | N/A | 8,700 | N/A | 7,050 | N/A | 16,693 | N/A |
|
|
| Robert E. Patterson/1984 | 8,053 | 2,519 | 8,700 | 2,761 | 7,050 | 3,306 | 16,693 | 7,675 |
|
|
| George Putnam, III/1984 | 7,589 | 2,519 | 8,211 | 2,758 | 6,501 | 3,450 | 15,394 | 7,982 |
|
|
| W. Thomas Stephens/1997(7) | 7,589 | 1,764 | 8,211 | 1,937 | 6,501 | 2,216 | 15,394 | 5,164 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam VT Absolute Return 500 Fund | Putnam VT American Government Income Fund | Putnam VT Absolute Return 500 Fund | Putnam VT American Government Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 18 | N/A | 127 | N/A | 18 | N/A | 127 | N/A |
|
|
| Ravi Akhoury/2009 | 89 | N/A | 746 | N/A | 89 | N/A | 746 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 77 | N/A | 659 | N/A | 77 | N/A | 659 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 114 | 34 | 968 | 253 | 114 | 34 | 968 | 253 |
|
|
| Charles B. Curtis/2001 | 88 | 22 | 733 | 158 | 88 | 22 | 733 | 158 |
|
|
| Robert J. Darretta/2007(4) | 67 | N/A | 596 | N/A | 67 | N/A | 596 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 38 | N/A | 255 | N/A | 38 | N/A | 255 | N/A |
|
|
| John A. Hill/1985(4) | 88 | 60 | 734 | 437 | 88 | 60 | 734 | 437 |
|
|
| Paul L. Joskow/1997(4) | 83 | 24 | 695 | 174 | 83 | 24 | 695 | 174 |
|
|
| Elizabeth T. Kennan/1992(5) | 82 | 20 | 667 | 291 | 82 | 20 | 667 | 291 |
|
|
| Kenneth R. Leibler/2006 | 97 | N/A | 806 | N/A | 97 | N/A | 806 | N/A |
|
|
| Robert E. Patterson/1984 | 97 | 35 | 806 | 261 | 97 | 35 | 806 | 261 |
|
|
| George Putnam, III/1984 | 89 | 35 | 746 | 267 | 89 | 35 | 746 | 267 |
|
|
| W. Thomas Stephens/1997(7) | 89 | 25 | 746 | 178 | 89 | 25 | 746 | 178 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam VT Capital Opportunities Fund | Putnam VT Diversified Income Fund | Putnam VT Capital Opportunities Fund | Putnam VT Diversified Income Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 34 | N/A | 473 | N/A | 34 | N/A | 473 | N/A |
|
|
| Ravi Akhoury/2009 | 191 | N/A | 2,665 | N/A | 191 | N/A | 2,665 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 169 | N/A | 2,337 | N/A | 169 | N/A | 2,337 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 248 | 66 | 3,452 | 911 | 248 | 66 | 3,452 | 911 |
|
|
| Charles B. Curtis/2001 | 188 | 41 | 2,623 | 571 | 188 | 41 | 2,623 | 571 |
|
|
| Robert J. Darretta/2007(4) | 152 | N/A | 2,093 | N/A | 152 | N/A | 2,093 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 67 | N/A | 963 | N/A | 67 | N/A | 963 | N/A |
|
|
| John A. Hill/1985(4) | 188 | 114 | 2,623 | 1,578 | 188 | 114 | 2,623 | 1,578 |
|
|
| Paul L. Joskow/1997(4) | 179 | 45 | 2,480 | 628 | 179 | 45 | 2,480 | 628 |
|
|
| Elizabeth T. Kennan/1992(5) | 173 | 76 | 2,416 | 1,050 | 173 | 76 | 2,416 | 1,050 |
|
|
| Kenneth R. Leibler/2006 | 207 | N/A | 2,879 | N/A | 207 | N/A | 2,879 | N/A |
|
|
| Robert E. Patterson/1984 | 207 | 68 | 2,879 | 942 | 207 | 68 | 2,879 | 942 |
|
|
| George Putnam, III/1984 | 191 | 70 | 2,665 | 964 | 191 | 70 | 2,665 | 964 |
|
|
| W. Thomas Stephens/1997(7) | 191 | 46 | 2,665 | 644 | 191 | 46 | 2,665 | 644 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | | | | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
| | Putnam VT Equity Income Fund | Putnam VT George Putnam Balanced Fund |
| Liaquat Ahamed/2012(3)(4) | 400 | N/A | 188 | N/A |
| Ravi Akhoury/2009 | 2,203 | N/A | 1,058 | N/A |
| Barbara M. Baumann/2010(4) | 1,926 | N/A | 930 | N/A |
| Jameson A. Baxter/1994(4)(6) | 2,826 | 757 | 1,368 | 363 |
| Charles B. Curtis/2001 | 2,169 | 475 | 1,041 | 228 |
| Robert J. Darretta/2007(4) | 1,714 | N/A | 835 | N/A |
| Katinka Domotorffy/2012(3)(4) | 818 | N/A | 379 | N/A |
| John A. Hill/1985(4) | 2,170 | 1,311 | 1,042 | 629 |
| Paul L. Joskow/1997(4) | 2,047 | 522 | 986 | 250 |
| Elizabeth T. Kennan/1992(5) | 1,999 | 873 | 957 | 419 |
| Kenneth R. Leibler/2006 | 2,381 | N/A | 1,144 | N/A |
| Robert E. Patterson/1984 | 2,381 | 783 | 1,144 | 375 |
| George Putnam, III/1984 | 2,203 | 801 | 1,058 | 384 |
| W. Thomas Stephens/1997(7) | 2,203 | 535 | 1,058 | 257 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
| | Putnam VT Global Asset Allocation Fund | Putnam VT Global Equity Fund |
| Liaquat Ahamed/2012(3)(4) | 224 | N/A | 208 | N/A |
| Ravi Akhoury/2009 | 1,253 | N/A | 1,169 | N/A |
| Barbara M. Baumann/2010(4) | 1,100 | N/A | 1,025 | N/A |
| Jameson A. Baxter/1994(4)(6) | 1,617 | 431 | 1,503 | 400 |
| Charles B. Curtis/2001 | 1,233 | 270 | 1,150 | 251 |
| Robert J. Darretta/2007(4) | 986 | N/A | 917 | N/A |
| Katinka Domotorffy/2012(3)(4) | 452 | N/A | 424 | N/A |
| John A. Hill/1985(4) | 1,234 | 746 | 1,151 | 693 |
| Paul L. Joskow/1997(4) | 1,167 | 297 | 1,087 | 276 |
| Elizabeth T. Kennan/1992(5) | 1,134 | 496 | 1,059 | 462 |
| Kenneth R. Leibler/2006 | 1,354 | N/A | 1,263 | N/A |
| Robert E. Patterson/1984 | 1,354 | 445 | 1,263 | 414 |
| George Putnam, III/1984 | 1,253 | 456 | 1,169 | 424 |
| W. Thomas Stephens/1997(7) | 1,253 | 304 | 1,169 | 283 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
| | Putnam VT Global Health Care Fund | Putnam VT Global Utilities Fund |
| Liaquat Ahamed/2012(3)(4) | 116 | N/A | 118 | N/A |
| Ravi Akhoury/2009 | 622 | N/A | 683 | N/A |
| Barbara M. Baumann/2010(4) | 542 | N/A | 603 | N/A |
| Jameson A. Baxter/1994(4)(6) | 798 | 216 | 884 | 233 |
| Charles B. Curtis/2001 | 612 | 135 | 671 | 146 |
| Robert J. Darretta/2007(4) | 482 | N/A | 546 | N/A |
| Katinka Domotorffy/2012(3)(4) | 236 | N/A | 235 | N/A |
| John A. Hill/1985(4) | 612 | 374 | 672 | 403 |
| Paul L. Joskow/1997(4) | 577 | 149 | 637 | 160 |
| Elizabeth T. Kennan/1992(5) | 565 | 249 | 614 | 268 |
| Kenneth R. Leibler/2006 | 672 | N/A | 737 | N/A |
| Robert E. Patterson/1984 | 672 | 223 | 737 | 240 |
| George Putnam, III/1984 | 622 | 228 | 683 | 246 |
| W. Thomas Stephens/1997(7) | 622 | 152 | 683 | 164 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
|
| | | | | | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
| | Putnam VT Growth and Income Fund | Putnam VT Growth Opportunities Fund |
| Liaquat Ahamed/2012(3)(4) | 1,235 | N/A | 28 | N/A |
| Ravi Akhoury/2009 | 6,924 | N/A | 151 | N/A |
| Barbara M. Baumann/2010(4) | 6,085 | N/A | 132 | N/A |
| Jameson A. Baxter/1994(4)(6) | 8,925 | 2,378 | 195 | 52 |
| Charles B. Curtis/2001 | 6,815 | 1,492 | 149 | 33 |
| Robert J. Darretta/2007(4) | 5,457 | N/A | 118 | N/A |
| Katinka Domotorffy/2012(3)(4) | 2,491 | N/A | 55 | N/A |
| John A. Hill/1985(4) | 6,818 | 4,119 | 148 | 91 |
| Paul L. Joskow/1997(4) | 6,448 | 1,640 | 140 | 36 |
| Elizabeth T. Kennan/1992(5) | 6,271 | 2,742 | 137 | 60 |
| Kenneth R. Leibler/2006 | 7,482 | N/A | 163 | N/A |
| Robert E. Patterson/1984 | 7,482 | 2,458 | 163 | 54 |
| George Putnam, III/1984 | 6,924 | 2,517 | 151 | 55 |
| W. Thomas Stephens/1997(7) | 6,924 | 1,680 | 151 | 37 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
| | Putnam VT High Yield Fund | Putnam VT Income Fund |
| Liaquat Ahamed/2012(3)(4) | 421 | N/A | 407 | N/A |
| Ravi Akhoury/2009 | 2,335 | N/A | 2,302 | N/A |
| Barbara M. Baumann/2010(4) | 2,044 | N/A | 2,019 | N/A |
| Jameson A. Baxter/1994(4)(6) | 3,011 | 802 | 2,978 | 785 |
| Charles B. Curtis/2001 | 2,299 | 503 | 2,265 | 493 |
| Robert J. Darretta/2007(4) | 1,825 | N/A | 1,807 | N/A |
| Katinka Domotorffy/2012(3)(4) | 858 | N/A | 831 | N/A |
| John A. Hill/1985(4) | 2,299 | 1,388 | 2,266 | 1,360 |
| Paul L. Joskow/1997(4) | 2,171 | 553 | 2,142 | 542 |
| Elizabeth T. Kennan/1992(5) | 2,119 | 924 | 2,080 | 905 |
| Kenneth R. Leibler/2006 | 2,523 | N/A | 2,487 | N/A |
| Robert E. Patterson/1984 | 2,523 | 828 | 2,487 | 812 |
| George Putnam, III/1984 | 2,335 | 848 | 2,302 | 831 |
| W. Thomas Stephens/1997(7) | 2,335 | 566 | 2,302 | 555 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
| | Putnam VT International Equity Fund | Putnam VT International Growth Fund |
| Liaquat Ahamed/2012(3)(4) | 435 | N/A | 58 | N/A |
| Ravi Akhoury/2009 | 2,464 | N/A | 331 | N/A |
| Barbara M. Baumann/2010(4) | 2,165 | N/A | 291 | N/A |
| Jameson A. Baxter/1994(4)(6) | 3,167 | 843 | 426 | 113 |
| Charles B. Curtis/2001 | 2,425 | 529 | 326 | 71 |
| Robert J. Darretta/2007(4) | 1,940 | N/A | 261 | N/A |
| Katinka Domotorffy/2012(3)(4) | 885 | N/A | 118 | N/A |
| John A. Hill/1985(4) | 2,428 | 1,460 | 326 | 195 |
| Paul L. Joskow/1997(4) | 2,294 | 581 | 308 | 78 |
| Elizabeth T. Kennan/1992(5) | 2,230 | 972 | 299 | 130 |
| Kenneth R. Leibler/2006 | 2,663 | N/A | 358 | N/A |
| Robert E. Patterson/1984 | 2,663 | 871 | 358 | 116 |
| George Putnam, III/1984 | 2,464 | 892 | 331 | 119 |
| W. Thomas Stephens/1997(7) | 2,464 | 595 | 331 | 80 |
| Robert L. Reynolds/2008(8) | N/A | N/A | N/A | N/A |
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam VT International Value Fund | Putnam VT Investors Fund | Putnam VT International Value Fund | Putnam VT Investors Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 114 | N/A | 243 | N/A | 114 | N/A | 243 | N/A |
|
|
| Ravi Akhoury/2009 | 649 | N/A | 1,372 | N/A | 649 | N/A | 1,372 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 571 | N/A | 1,210 | N/A | 571 | N/A | 1,210 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 834 | 221 | 1,772 | 472 | 834 | 221 | 1,772 | 472 |
|
|
| Charles B. Curtis/2001 | 639 | 139 | 1,350 | 296 | 639 | 139 | 1,350 | 296 |
|
|
| Robert J. Darretta/2007(4) | 511 | N/A | 1,089 | N/A | 511 | N/A | 1,089 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 232 | N/A | 485 | N/A | 232 | N/A | 485 | N/A |
|
|
| John A. Hill/1985(4) | 640 | 383 | 1,351 | 817 | 640 | 383 | 1,351 | 817 |
|
|
| Paul L. Joskow/1997(4) | 604 | 153 | 18,279 | 325 | 604 | 153 | 1,279 | 325 |
|
|
| Elizabeth T. Kennan/1992(5) | 587 | 255 | 1,239 | 544 | 587 | 255 | 1,239 | 544 |
|
|
| Kenneth R. Leibler/2006 | 702 | N/A | 1,483 | N/A | 702 | N/A | 1,483 | N/A |
|
|
| Robert E. Patterson/1984 | 702 | 229 | 1,483 | 488 | 702 | 229 | 1,483 | 488 |
|
|
| George Putnam, III/1984 | 649 | 234 | 1,372 | 499 | 649 | 234 | 1,372 | 499 |
|
|
| W. Thomas Stephens/1997(7) | 649 | 156 | 1,372 | 333 | 649 | 156 | 1,372 | 333 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam VT Money Market Fund | Putnam VT Multi-Cap Growth Fund | Putnam VT Money Market Fund | Putnam VT Multi-Cap Growth Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 230 | N/A | 699 | N/A | 230 | N/A | 699 | N/A |
|
|
| Ravi Akhoury/2009 | 1,378 | N/A | 3,940 | N/A | 1,378 | N/A | 3,940 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,219 | N/A | 3,464 | N/A | 1,219 | N/A | 3,464 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,788 | 463 | 5,089 | 1,352 | 1,788 | 463 | 5,089 | 1,352 |
|
|
| Charles B. Curtis/2001 | 1,354 | 291 | 3,879 | 848 | 1,354 | 291 | 3,879 | 848 |
|
|
| Robert J. Darretta/2007(4) | 1,104 | N/A | 3,108 | N/A | 1,104 | N/A | 3,108 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 465 | N/A | 1,411 | N/A | 465 | N/A | 1,411 | N/A |
|
|
| John A. Hill/1985(4) | 1,357 | 802 | 3,880 | 2,341 | 1,357 | 802 | 3,880 | 2,341 |
|
|
| Paul L. Joskow/1997(4) | 1,285 | 319 | 3,671 | 932 | 1,285 | 319 | 3,671 | 932 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,233 | 534 | 3,574 | 1,558 | 1,233 | 534 | 3,574 | 1,558 |
|
|
| Kenneth R. Leibler/2006 | 1,489 | N/A | 4,258 | N/A | 1,489 | N/A | 4,258 | N/A |
|
|
| Robert E. Patterson/1984 | 1,489 | 479 | 4,258 | 1,397 | 1,489 | 479 | 4,258 | 1,397 |
|
|
| George Putnam, III/1984 | 1,378 | 490 | 3,940 | 1,431 | 1,378 | 490 | 3,940 | 1,431 |
|
|
| W. Thomas Stephens/1997(7) | 1,378 | 327 | 3,940 | 955 | 1,378 | 327 | 3,940 | 955 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | Putnam VT Multi-Cap Value Fund | Putnam VT Research Fund | Putnam VT Multi-Cap Value Fund | Putnam VT Research Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 36 | N/A | 58 | N/A | 36 | N/A | 58 | N/A |
|
|
| Ravi Akhoury/2009 | 205 | N/A | 327 | N/A | 205 | N/A | 327 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 180 | N/A | 288 | N/A | 180 | N/A | 288 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 264 | 70 | 422 | 113 | 264 | 70 | 422 | 113 |
|
|
| Charles B. Curtis/2001 | 202 | 44 | 322 | 71 | 202 | 44 | 322 | 71 |
|
|
| Robert J. Darretta/2007(4) | 161 | N/A | 258 | N/A | 161 | N/A | 258 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 73 | N/A | 117 | N/A | 73 | N/A | 117 | N/A |
|
|
| John A. Hill/1985(4) | 202 | 121 | 322 | 195 | 202 | 121 | 322 | 195 |
|
|
| Paul L. Joskow/1997(4) | 191 | 48 | 305 | 78 | 191 | 48 | 305 | 78 |
|
|
| Elizabeth T. Kennan/1992(5) | 185 | 80 | 296 | 130 | 185 | 80 | 296 | 130 |
|
|
| Kenneth R. Leibler/2006 | 221 | N/A | 353 | N/A | 221 | N/A | 353 | N/A |
|
|
| Robert E. Patterson/1984 | 221 | 72 | 353 | 116 | 221 | 72 | 353 | 116 |
|
|
| George Putnam, III/1984 | 205 | 74 | 327 | 119 | 205 | 74 | 327 | 119 |
|
|
| W. Thomas Stephens/1997(7) | 205 | 49 | 327 | 80 | 205 | 49 | 327 | 80 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
|
| | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Pension or retirement | | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Aggregate compensation | benefits accrued as part | Trustees/Year | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) | from the fund ($) | of fund expenses ($) |
|
|
| | Putnam VT Small Cap Value Fund | Putnam VT Voyager Fund | Putnam VT Small Cap Value Fund | Putnam VT Voyager Fund |
|
|
| Liaquat Ahamed/2012(3)(4) | 229 | N/A | 832 | N/A | 229 | N/A | 832 | N/A |
|
|
| Ravi Akhoury/2009 | 1,331 | N/A | 4,738 | N/A | 1,331 | N/A | 4,738 | N/A |
|
|
| Barbara M. Baumann/2010(4) | 1,169 | N/A | 4,181 | N/A | 1,169 | N/A | 4,181 | N/A |
|
|
| Jameson A. Baxter/1994(4)(6) | 1,715 | 450 | 6,127 | 1,626 | 1,715 | 450 | 6,127 | 1,626 |
|
|
| Charles B. Curtis/2001 | 1,310 | 282 | 4,665 | 1,020 | 1,310 | 282 | 4,665 | 1,020 |
|
|
| Robert J. Darretta/2007(4) | 1,048 | N/A | 3,766 | N/A | 1,048 | N/A | 3,766 | N/A |
|
|
| Katinka Domotorffy/2012(3)(4) | 471 | N/A | 1,664 | N/A | 471 | N/A | 1,664 | N/A |
|
|
| John A. Hill/1985(4) | 1,311 | 779 | 4,667 | 2,817 | 1,311 | 779 | 4,667 | 2,817 |
|
|
| Paul L. Joskow/1997(4) | 1,239 | 310 | 4,422 | 1,122 | 1,239 | 310 | 4,422 | 1,122 |
|
|
| Elizabeth T. Kennan/1992(5) | 1,203 | 518 | 4,295 | 1,875 | 1,203 | 518 | 4,295 | 1,875 |
|
|
| Kenneth R. Leibler/2006 | 1,438 | N/A | 5,121 | N/A | 1,438 | N/A | 5,121 | N/A |
|
|
| Robert E. Patterson/1984 | 1,438 | 465 | 5,121 | 1,681 | 1,438 | 465 | 5,121 | 1,681 |
|
|
| George Putnam, III/1984 | 1,331 | 476 | 4,738 | 1,721 | 1,331 | 476 | 4,738 | 1,721 |
|
|
| W. Thomas Stephens/1997(7) | 1,331 | 318 | 4,738 | 1,149 | 1,331 | 318 | 4,738 | 1,149 |
|
|
| Robert L. Reynolds/2008(8) | N/A | N/A |
|
|
| | | | For All Funds | | |
| | | | Estimated annual benefits | | | | from all Putnam funds upon | Total compensation from all | | | Trustees/Year | retirement ($) (1) | Putnam Funds ($) (2) | | |
| | | Liaquat Ahamed/2012(3)(4) | N/A | 94,288 | | |
| | | Ravi Akhoury/2009 | N/A | 303,000 | | |
| | | Barbara M. Baumann/2010(4) | N/A | 297,000 | | |
| | | Jameson A. Baxter/1994(4)(6) | 110,500 | 442,063 | | |
| | | Charles B. Curtis/2001 | 113,900 | 303,000 | | |
| | | Robert J. Darretta/2007(4) | N/A | 303,000 | | |
| | | Katinka Domotorffy /2012(3)(4) | N/A | 106,288 | | |
| | | John A. Hill/1985(4) | 161,700 | 297,000 | | |
| | | Paul L. Joskow/1997(4) | 113,400 | 303,000 | | |
| | | Elizabeth T. Kennan/1992(5) | 108,000 | 303,000 | | |
| | | Kenneth R. Leibler/2006 | N/A | 328,000 | | |
| | | Robert E. Patterson/1984 | 106,500 | 328,000 | | |
| | | George Putnam, III/1984 | 130,300 | 303,000 | | |
| | | W. Thomas Stephens/1997(7) | 107,100 | 303,000 | | |
| | | Robert L. Reynolds/2008(8) | N/A | | |
| | |
| | | | | | For All Funds | | |
| | | | Estimated annual benefits | | | | | from all Putnam funds upon | Total compensation from all | | | Trustees/Year | retirement ($) (1) | Putnam Funds ($) (2) | | |
| | | Liaquat Ahamed/2012(3)(4) | N/A | 94,288 | | |
| | | Ravi Akhoury/2009 | N/A | 303,000 | | |
| | | Barbara M. Baumann/2010(4) | N/A | 297,000 | | |
| | | Jameson A. Baxter/1994(4)(6) | 110,500 | 442,063 | | |
| | | Charles B. Curtis/2001 | 113,900 | 303,000 | | |
| | | Robert J. Darretta/2007(4) | N/A | 303,000 | | |
| | | Katinka Domotorffy/2012(3)(4) | N/A | 106,288 | | |
| | | John A. Hill/1985(4) | 161,700 | 297,000 | | |
| | | Paul L. Joskow/1997(4) | 113,400 | 303,000 | | |
| | | Elizabeth T. Kennan/1992(5) | 108,000 | 303,000 | | |
| | | Kenneth R. Leibler/2006 | N/A | 328,000 | | |
| | | Robert E. Patterson/1984 | 106,500 | 328,000 | | |
| | | George Putnam, III/1984 | 130,300 | 303,000 | | |
| | | W. Thomas Stephens/1997(7) | 107,100 | 303,000 | | |
| | | Robert L. Reynolds/2008(8) | N/A | N/A | | |
| | |
* Since these funds have not yet completed their first full fiscal year of operation, these amounts represent estimated annual fees based on the fees paid for a partial fiscal year. (1) Estimated benefits for each Trustee are based on Trustee fee rates for calendar years 2003, 2004 and 2005. (2) As of December 31, 2012, there were 109 funds in the Putnam family. (3) Mr. Ahamed and Ms. Domotorffy were appointed to the Board of Trustees of the Putnam funds effective September 13, 2012.
(4) Certain Trustees are also owed compensation deferred pursuant to a Trustee Compensation Deferral Plan. As of each fund’s fiscal year ended prior to October 1, 2013, the total amounts of deferred compensation payable each fund listed below, including income earned on such amounts, to these Trustees were (in dollars): | | | | | | | | | | Ms. | | | Ms. | | | Fund | Mr. Ahamed | Baumann | Ms. Baxter | Mr. Darretta | Domotorffy | Mr. Hill | Dr. Joskow |
| Putnam Absolute Return 100 Fund | 55 | 210 | 1,232 | 449 | 0 | 3,521 | 981 |
| Putnam Absolute Return 300 Fund | 196 | 755 | 4,432 | 1,614 | 0 | 12,667 | 3,530 |
| Putnam Absolute Return 500 Fund | 118 | 453 | 2,657 | 968 | 0 | 7,593 | 2,116 |
| Putnam Absolute Return 700 Fund | 102 | 394 | 2,313 | 843 | 0 | 6,612 | 1,842 |
| Putnam American Government Income Fund | 0 | 2,731 | 17,185 | 5,604 | 0 | 49,079 | 13,386 |
| Putnam AMT-Free Municipal Fund | 1,784 | 2,425 | 10,696 | 5,063 | 308 | 28,593 | 8,334 |
| Putnam Arizona Tax Exempt Income Fund | 483 | 790 | 3,755 | 1,656 | 68 | 10,306 | 2,960 |
| Putnam Asia Pacific Equity Fund | 6 | 10 | 49 | 22 | 1 | 134 | 39 |
| Putnam California Tax Exempt Income Fund | 0 | 4,547 | 28,604 | 9,327 | 0 | 81,691 | 22,281 |
| Putnam Capital Opportunities Fund | 1,149 | 1,879 | 8,931 | 3,941 | 161 | 24,490 | 7,040 |
| Putnam Capital Spectrum Fund | 660 | 1,078 | 5,126 | 2,262 | 92 | 14,056 | 4,040 |
| Putnam Convertible Securities Fund | 690 | 2,653 | 15,575 | 5,673 | 0 | 44,514 | 12,403 |
| Putnam Diversified Income Trust | 0 | 7,576 | 47,665 | 15,542 | 0 | 136,126 | 37,128 |
| Putnam Dynamic Asset Allocation Balanced Fund | 0 | 3,132 | 19,703 | 6,425 | 0 | 56,270 | 15,348 |
| Putnam Dynamic Asset Allocation Conservative Fund | 0 | 1,345 | 8,465 | 2,760 | 0 | 24,175 | 6,594 |
| Putnam Dynamic Asset Allocation Equity Fund | 20 | 33 | 159 | 70 | 3 | 437 | 126 |
| Putnam Dynamic Asset Allocation Growth Fund | 0 | 3,046 | 19,163 | 6,248 | 0 | 54,727 | 14,927 |
| Putnam Dynamic Risk Allocation Fund | 54 | 88 | 416 | 184 | 7 | 1,142 | 328 |
| Putnam Emerging Markets Equity Fund | 0 | 32 | 202 | 66 | 0 | 575 | 157 |
| Putnam Emerging Markets Income Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam Equity Income Fund | 1,942 | 7,471 | 43,877 | 15,975 | 0 | 125,503 | 34,944 |
| Putnam Equity Spectrum Fund | 303 | 495 | 2,355 | 1,039 | 42 | 6,457 | 1,856 |
| Putnam Europe Equity Fund | 2,024 | 3,303 | 15,729 | 6,931 | 282 | 43,225 | 12,412 |
| Putnam Floating Rate Income Fund | 392 | 866 | 4,456 | 1,827 | 33 | 12,534 | 3,556 |
| The Putnam Fund for Growth and Income | 7,624 | 29,335 | 172,197 | 62,722 | 0 | 492,132 | 137,127 |
| The George Putnam Fund of Boston | 0 | 6,843 | 14,038 | 14,038 | 0 | 122,556 | 33,450 | (d/b/a George Putnam Balanced Fund) | | | | | | | |
| Putnam Global Consumer Fund | 20 | 27 | 121 | 57 | 3 | 321 | 93 |
| Putnam Global Dividend Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam Global Energy Fund | 24 | 32 | 142 | 67 | 4 | 377 | 110 |
| Putnam Global Equity Fund | 1,933 | 7,437 | 43,656 | 15,901 | 0 | 124,768 | 34,765 |
| Putnam Global Financials Fund | 17 | 23 | 101 | 47 | 3 | 267 | 78 |
| Putnam Global Health Care Fund | 6,934 | 9,424 | 41,871 | 19,679 | 1,196 | 111,283 | 32,408 |
| Putnam Global Income Trust | 364 | 1,402 | 8,228 | 2,997 | 0 | 23,514 | 6,552 |
| Putnam Global Industrials Fund | 18 | 24 | 108 | 51 | 3 | 287 | 84 |
| Putnam Global Natural Resources Fund | 1,132 | 1,539 | 6,836 | 3,213 | 195 | 18,168 | 5,291 |
| Putnam Global Sector Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam Global Technology Fund | 17 | 24 | 106 | 50 | 3 | 281 | 82 |
| Putnam Global Telecommunications Fund | 17 | 24 | 105 | 49 | 3 | 280 | 81 |
| Putnam Global Utilities Fund | 2,808 | 3,816 | 16,954 | 7,968 | 484 | 45,059 | 13,122 |
| Putnam Growth Opportunities Fund | 0 | 2,667 | 16,755 | 5,471 | 3,091 | 47,762 | 13,036 |
| Putnam High Yield Advantage Fund | 948 | 3,647 | 21,416 | 7,797 | 0 | 61,257 | 17,056 |
| Putnam High Yield Trust | 0 | 5,810 | 36,515 | 11,919 | 0 | 104,174 | 28,414 |
| Putnam Income Fund | 1,215 | 4,677 | 27,453 | 9,999 | 0 | 78,458 | 21,861 |
| Putnam Intermediate-Term Municipal Income Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam International Capital Opportunities Fund | 0 | 1,886 | 11,854 | 3,869 | 0 | 33,817 | 9,224 |
| Putnam International Equity Fund | 6,939 | 11,328 | 53,937 | 23,765 | 969 | 148,220 | 42,563 |
| Putnam International Growth Fund | 0 | 2,960 | 18,623 | 6,072 | 0 | 53,185 | 14,506 |
| Putnam International Value Fund | 1,356 | 2,214 | 10,540 | 4,644 | 189 | 28,965 | 8,317 |
| Putnam Investors Fund | 0 | 9,620 | 60,441 | 19,736 | 0 | 172,297 | 47,026 |
| Putnam Low Volatility Equity Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
|
| | | | | | | | | | Ms. | | | Ms. | | | Fund | Mr. Ahamed | Baumann | Ms. Baxter | Mr. Darretta | Domotorffy | Mr. Hill | Dr. Joskow |
| Putnam Absolute Return 100 Fund | 55 | 210 | 1,232 | 449 | 0 | 3,521 | 981 |
| Putnam Absolute Return 300 Fund | 196 | 755 | 4,432 | 1,614 | 0 | 12,667 | 3,529 |
| Putnam Absolute Return 500 Fund | 118 | 453 | 2,657 | 968 | 0 | 7,593 | 2,116 |
| Putnam Absolute Return 700 Fund | 102 | 394 | 2,313 | 843 | 0 | 6,612 | 1,842 |
| Putnam American Government Income Fund | 3,593 | 4,877 | 21,692 | 10,184 | 619 | 57,727 | 16,808 |
| Putnam AMT-Free Municipal Fund | 1,784 | 2,425 | 10,696 | 5,063 | 308 | 28,593 | 8,334 |
| Putnam Arizona Tax Exempt Income Fund | 483 | 790 | 3,755 | 1,656 | 68 | 10,306 | 2,960 |
| Putnam Asia Pacific Equity Fund | 6 | 10 | 49 | 22 | 1 | 134 | 39 |
| Putnam California Tax Exempt Income Fund | 6,205 | 8,422 | 37,462 | 17,587 | 1,069 | 99,694 | 29,027 |
| Putnam Capital Opportunities Fund | 1,149 | 1,879 | 8,931 | 3,941 | 161 | 24,490 | 7,040 |
| Putnam Capital Spectrum Fund | 660 | 1,078 | 5,126 | 2,262 | 92 | 14,055 | 4,040 |
| Putnam Convertible Securities Fund | 690 | 2,653 | 15,575 | 5,673 | 0 | 44,514 | 12,403 |
| Putnam Diversified Income Trust | 10,622 | 14,417 | 64,129 | 30,107 | 1,829 | 170,661 | 49,690 |
| Putnam Dynamic Asset Allocation Balanced Fund | 4,341 | 5,893 | 26,210 | 12,305 | 748 | 69,752 | 20,309 |
| Putnam Dynamic Asset Allocation Conservative Fund | 1,867 | 2,534 | 11,270 | 5,291 | 321 | 29,991 | 8,732 |
| Putnam Dynamic Asset Allocation Equity Fund | 20 | 33 | 159 | 70 | 3 | 437 | 126 |
| Putnam Dynamic Asset Allocation Growth Fund | 4,354 | 5,910 | 26,289 | 12,342 | 750 | 69,962 | 20,370 |
| Putnam Dynamic Risk Allocation Fund | 54 | 88 | 416 | 184 | 7 | 1,142 | 328 |
| Putnam Emerging Markets Equity Fund | 52 | 70 | 311 | 146 | 9 | 826 | 241 |
| Putnam Emerging Markets Income Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam Equity Income Fund | 1,942 | 7,471 | 43,877 | 15,975 | 0 | 125,503 | 34,944 |
| Putnam Equity Spectrum Fund | 303 | 495 | 2,355 | 1,039 | 42 | 6,457 | 1,856 |
| Putnam Europe Equity Fund | 2,024 | 3,303 | 15,729 | 6,931 | 282 | 43,225 | 12,412 |
| Putnam Floating Rate Income Fund | 392 | 866 | 4,456 | 1,827 | 33 | 12,534 | 3,556 |
| The Putnam Fund for Growth and Income | 7,624 | 29,335 | 172,197 | 62,722 | 0 | 492,132 | 137,127 |
| The George Putnam Fund of Boston | 8,863 | 12,044 | 53,131 | 25,152 | 1,528 | 142,032 | 41,399 | (d/b/a George Putnam Balanced Fund) | | | | | | | |
| Putnam Global Consumer Fund | 20 | 27 | 121 | 57 | 3 | 321 | 93 |
| Putnam Global Dividend Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam Global Energy Fund | 24 | 32 | 142 | 67 | 4 | 377 | 110 |
| Putnam Global Equity Fund | 1,933 | 7,437 | 43,656 | 15,901 | 0 | 124,768 | 34,765 |
| Putnam Global Financials Fund | 17 | 23 | 101 | 47 | 3 | 267 | 78 |
| Putnam Global Health Care Fund | 6,934 | 9,424 | 41,871 | 19,679 | 1,196 | 111,283 | 32,408 |
| Putnam Global Income Trust | 364 | 1,402 | 8,228 | 2,997 | 0 | 23,514 | 6,552 |
| Putnam Global Industrials Fund | 18 | 24 | 108 | 51 | 3 | 287 | 84 |
| Putnam Global Natural Resources Fund | 1,132 | 1,539 | 6,836 | 3,213 | 195 | 18,168 | 5,291 |
| Putnam Global Sector Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam Global Technology Fund | 18 | 24 | 106 | 50 | 3 | 281 | 82 |
| Putnam Global Telecommunications Fund | 17 | 24 | 105 | 49 | 3 | 280 | 81 |
| Putnam Global Utilities Fund | 2,808 | 3,816 | 16,954 | 7,968 | 484 | 45,059 | 13,122 |
| Putnam Growth Opportunities Fund | 3,465 | 4,709 | 20,772 | 9,833 | 597 | 55,530 | 16,185 |
| Putnam High Yield Advantage Fund | 948 | 3,647 | 21,416 | 7,797 | 0 | 61,257 | 17,056 |
| Putnam High Yield Trust | 7,524 | 10,226 | 45,435 | 21,354 | 1,297 | 120,756 | 35,166 |
| Putnam Income Fund | 1,215 | 4,677 | 27,453 | 9,999 | 0 | 78,458 | 21,861 |
| Putnam Intermediate-Term Municipal Income Fund | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Putnam International Capital Opportunities Fund | 2,590 | 3,520 | 15,641 | 7,351 | 447 | 41,570 | 12,106 |
| Putnam International Equity Fund | 6,939 | 11,328 | 53,937 | 23,765 | 969 | 148,220 | 42,563 |
| Putnam International Growth Fund | 3,730 | 5,062 | 22,517 | 10,571 | 642 | 59,923 | 17,447 |
|
| | | Ms. | | Ms. | | | Ms. | | Ms. | | Fund | Mr. Ahamed | Baumann | Ms. Baxter | Mr. Darretta | Domotorffy | Mr. Hill | Dr. Joskow | Mr. Ahamed | Baumann | Ms. Baxter | Mr. Darretta | Domotorffy | Mr. Hill | Dr. Joskow |
| |
| Putnam International Value Fund | | 1,356 | 2,214 | 10,540 | 4,644 | 189 | 28,965 | 8,317 |
| |
| Putnam Investors Fund | | 12,382 | 16,828 | 74,230 | 35,140 | 2,135 | 198,435 | 57,839 |
| |
| Putnam Low Volatility Equity Fund | | 3 | 4 | 19 | 9 | 1 | 50 | 15 |
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| Putnam Massachusetts Tax Exempt Fund | 741 | 1,211 | 5,758 | 2,540 | 104 | 15,805 | 4,539 | 741 | 1,211 | 5,758 | 2,540 | 104 | 15,805 | 4,539 |
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|
| Putnam Michigan Tax Exempt Income Fund | 496 | 810 | 3,853 | 1,700 | 69 | 10,575 | 3,037 | 496 | 810 | 3,853 | 1,700 | 69 | 10,575 | 3,037 |
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| Putnam Minnesota Tax Exempt Income Fund | 511 | 835 | 3,971 | 1,752 | 71 | 10,898 | 3,130 | 511 | 835 | 3,971 | 1,752 | 71 | 10,898 | 3,130 |
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|
| Putnam Money Market Fund | 0 | 491 | 3,091 | 1,008 | 0 | 8,828 | 2,408 | 6,541 | 8,878 | 39,488 | 18,538 | 1,126 | 105,085 | 30,597 |
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| Putnam Money Market Liquidity Fund | 0 | 2,138 | 13,452 | 4,386 | 0 | 38,416 | 10,478 | 3,712 | 5,039 | 22,412 | 10,522 | 639 | 59,644 | 17,366 |
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|
| Putnam Multi-Cap Core Fund | 5 | 8 | 40 | 18 | 1 | 109 | 31 | 5 | 8 | 40 | 18 | 1 | 109 | 31 |
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| Putnam Multi-Cap Growth Fund | 5 | 8 | 40 | 18 | 1 | 109 | 31 | 27,997 | 45,705 | 217,623 | 95,888 | 3,908 | 598,038 | 171,731 |
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| Putnam Multi-Cap Value Fund | 1,025 | 1,676 | 7,966 | 3,515 | 143 | 21,842 | 6,279 | 1,025 | 1,676 | 7,966 | 3,515 | 143 | 21,842 | 6,279 |
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| Putnam New Jersey Tax Exempt Income Fund | 642 | 1,050 | 4,995 | 2,203 | 90 | 13,709 | 3,937 | 642 | 1,050 | 4,995 | 2,203 | 90 | 13,709 | 3,937 |
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| Putnam New York Tax Exempt Income Fund | 960 | 3,694 | 21,691 | 7,897 | 0 | 62,045 | 17,275 | 960 | 3,694 | 21,691 | 7,897 | 0 | 62,045 | 17,275 |
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| Putnam Ohio Tax Exempt Income Fund | 558 | 913 | 4,341 | 1,915 | 78 | 11,914 | 3,422 | 558 | 913 | 4,341 | 1,915 | 78 | 11,914 | 3,422 |
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| Putnam Pennsylvania Tax Exempt Income Fund | 613 | 1,001 | 4,763 | 2,101 | 86 | 13,073 | 3,755 | 613 | 1,001 | 4,763 | 2,101 | 86 | 13,073 | 3,755 |
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| Putnam Research Fund | 0 | 1,237 | 7,774 | 2,538 | 0 | 22,160 | 6,048 | 1,629 | 2,215 | 9,769 | 4,624 | 281 | 26,114 | 7,612 |
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| Putnam RetirementReady 2055 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2050 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2045 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2040 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2035 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2030 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2025 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2020 Fund | 0 | 0 | 0 |
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| Putnam RetirementReady 2015 Fund | 0 | 0 | 0 |
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| Putnam Retirement Income Fund Lifestyle 1 | 0 | 0 | 0 |
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| Putnam Retirement Income Fund Lifestyle 2 | 0 | 1 | 3 | 1 | 0 | 9 | 3 | 5 | 7 | 30 | 14 | 1 | 80 | 23 |
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| Putnam Retirement Income Fund Lifestyle 3 | 158 | 348 | 1,790 | 734 | 13 | 5,036 | 1,429 | 158 | 348 | 1,790 | 734 | 13 | 5,036 | 1,429 |
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| Putnam Short Duration Income Fund | 294 | 1,765 | 400 | 836 | 51 | 4,718 | 1,375 | 294 | 400 | 1,765 | 836 | 51 | 4,718 | 1,375 |
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| Putnam Short Term Investment Fund | 0 | 550 | 748 | 3,298 | 1,561 | 95 | 8,817 | 2,570 |
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| Putnam Short-Term Municipal Income Fund | 0 | 0 | 0 |
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| Putnam Small Cap Growth Fund | 517 | 843 | 4,015 | 18 | 72 | 11,034 | 3,168 | 517 | 843 | 4,015 | 1,769 | 72 | 11,034 | 3,168 |
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| Putnam Small Cap Value Fund | 390 | 1,304 | 6,707 | 2,749 | 50 | 16,866 | 5,363 | 590 | 1,304 | 6,707 | 2,749 | 50 | 18,886 | 5,353 |
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| Putnam Strategic Volatility Equity Fund | 0 | 1 | 5 | 2 | 0 | 13 | 4 |
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| Putnam Tax Exempt Income Fund | 0 | 4,057 | 25,527 | 8,324 | 0 | 72,903 | 19,884 | 5,419 | 7,355 | 32,716 | 15,359 | 933 | 87,063 | 25,350 |
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| Putnam Tax Exempt Money Market Fund | 0 | 491 | 3,091 | 1,008 | 0 | 8,828 | 2,408 | 614 | 834 | 3,709 | 1,741 | 106 | 9,869 | 2,874 |
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| Putnam Tax-Free High Yield Fund | 5,833 | 7,928 | 34,970 | 16,555 | 1,006 | 93,484 | 27,248 | 5,833 | 7,928 | 34,970 | 16,555 | 1,006 | 93,484 | 27,248 |
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| Putnam U.S. Government Income Trust | 0 | 5,358 | 33,711 | 10,992 | 0 | 96,276 | 26,259 | 7,106 | 9,646 | 42,904 | 20,142 | 1,224 | 114,175 | 33,244 |
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| Putnam Voyager Fund | 25,059 | 34,056 | 150,226 | 71,116 | 4,321 | 401,594 | 117,054 | 25,059 | 34,056 | 150,226 | 71,116 | 4,321 | 401,594 | 117,054 |
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| Putnam VT Absolute Return 500 Fund | 1 | 5 | 30 | 11 | 0 | 87 | 24 | 1 | 5 | 30 | 11 | 0 | 87 | 24 |
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| Putnam VT American Government Income Fund | 182 | 702 | 4,078 | 1,493 | 0 | 11,692 | 3,268 | 182 | 702 | 4,078 | 1,493 | 0 | 11,692 | 3,268 |
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| Putnam VT Capital Opportunities Fund | 87 | 334 | 1,942 | 711 | 0 | 5,569 | 1,557 | 87 | 334 | 1,942 | 711 | 0 | 5,569 | 1,557 |
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| Putnam VT Diversified Income Fund | 290 | 1,119 | 6,500 | 2,379 | 0 | 18,637 | 5,209 | 290 | 1,119 | 6,500 | 2,379 | 0 | 18,637 | 5,209 |
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| Putnam VT Equity Income Fund | 374 | 1,444 | 8,387 | 3,070 | 0 | 24,047 | 6,721 | 374 | 1,444 | 8,387 | 3,070 | 0 | 24,047 | 6,721 |
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| Putnam VT George Putnam Balanced Fund | 250 | 967 | 5,614 | 2,055 | 0 | 16,095 | 4,499 | 250 | 967 | 5,614 | 2,055 | 0 | 16,095 | 4,499 |
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| Putnam VT Global Asset Allocation Fund | 407 | 1,573 | 9,133 | 3,343 | 0 | 26,186 | 7,319 | 407 | 1,573 | 9,133 | 3,343 | 0 | 26,186 | 7,319 |
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| Putnam VT Global Equity Fund | 7 | 28 | 163 | 60 | 0 | 467 | 130 | 7 | 28 | 163 | 60 | 0 | 467 | 130 |
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| Putnam VT Global Health Care Fund | 181 | 699 | 4,058 | 1,485 | 0 | 11,635 | 3,252 | |
| | Putnam VT Global Utilities Fund | 439 | 1,696 | 9,851 | 3,606 | 0 | 28,243 | 7,894 | |
| | Putnam VT Growth and Income Fund | 2,053 | 7,927 | 46,037 | 16,851 | 0 | 131,995 | 36,894 | |
| | Putnam VT Growth Opportunities Fund | 139 | 536 | 3,116 | 1,140 | 0 | 8,933 | 2,497 | |
| | Putnam VT High Yield Fund | 559 | 2,157 | 12,527 | 4,585 | 0 | 35,917 | 10,039 | |
| | Putnam VT Income Fund | 576 | 2,222 | 12,905 | 4,724 | 0 | 36,999 | 10,342 | |
| | Putnam VT International Equity Fund | 361 | 1,393 | 8,090 | 2,961 | 0 | 23,196 | 6,483 | |
| | Putnam VT International Growth Fund | 180 | 696 | 4,041 | 1,479 | 0 | 11,585 | 3,238 | |
| | Putnam VT International Value Fund | 201 | 778 | 4,516 | 1,653 | 0 | 12,948 | 3,619 | |
| | Putnam VT Investors Fund | 357 | 1,379 | 8,010 | 2,932 | 0 | 22,965 | 6,419 | |
| |
| | | | Ms. | | Ms. | | Fund | | Mr. Ahamed | Baumann | Ms. Baxter | Mr. Darretta | Domotorffy | Mr. Hill | Dr. Joskow |
| |
| Putnam VT Global Health Care Fund | | 181 | 699 | 4,058 | 1,485 | 0 | 11,635 | 3,252 |
| |
| Putnam VT Global Utilities Fund | | 439 | 1,696 | 9,851 | 3,606 | 0 | 28,243 | 7,894 |
| |
| Putnam VT Growth and Income Fund | | 2,053 | 7,927 | 46,037 | 16,851 | 0 | 131,995 | 36,894 |
| |
| Putnam VT Growth Opportunities Fund | | 139 | 536 | 3,116 | 1,140 | 0 | 8,933 | 2,497 |
| |
| Putnam VT High Yield Fund | | 559 | 2,157 | 12,527 | 4,585 | 0 | 35,917 | 10,039 |
| |
| Putnam VT Income Fund | | 576 | 2,222 | 12,905 | 4,724 | 0 | 36,999 | 10,342 |
| |
| Putnam VT International Equity Fund | | 361 | 1,393 | 8,090 | 2,961 | 0 | 23,196 | 6,483 |
| |
| Putnam VT International Growth Fund | | 180 | 696 | 4,041 | 1,479 | 0 | 11,585 | 3,238 |
| |
| Putnam VT International Value Fund | | 201 | 778 | 4,516 | 1,653 | 0 | 12,948 | 3,619 |
| |
| Putnam VT Investors Fund | | 357 | 1,379 | 8,010 | 2,932 | 0 | 22,965 | 6,419 | | |
| Putnam VT Money Market Fund | 244 | 942 | 5,473 | 2,004 | 0 | 15,693 | 4,386 | 244 | 942 | 5,473 | 2,004 | 0 | 15,693 | 4,386 |
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| Putnam VT Multi-Cap Growth Fund | 1,573 | 6,074 | 35,277 | 12,913 | 0 | 101,143 | 28,271 | 1,573 | 6,074 | 35,277 | 12,913 | 0 | 101,143 | 28,271 |
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| Putnam VT Multi-Cap Value Fund | 100 | 387 | 2,247 | 823 | 0 | 6,443 | 1,801 | 100 | 387 | 2,247 | 823 | 0 | 6,443 | 1,801 |
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| Putnam VT Research Fund | 169 | 654 | 3,797 | 1,390 | 0 | 10,887 | 3,043 | 169 | 654 | 3,797 | 1,390 | 0 | 10,887 | 3,043 |
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| Putnam VT Small Cap Value Fund | 245 | 945 | 5,489 | 2,009 | 0 | 15,737 | 4,399 | 245 | 945 | 5,489 | 2,009 | 0 | 15,737 | 4,399 |
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| Putnam VT Voyager Fund | 1,611 | 6,218 | 36,113 | 13,219 | 0 | 103,541 | 28,941 | 1,611 | 6,218 | 36,113 | 13,219 | 0 | 103,541 | 28,941 |
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(5) Dr. Kennan retired from the Board of Trustees of the Putnam funds on June 30, 2010. Upon her retirement in 2010, Dr. Kennan became entitled to receive annual retirement benefit payments from the funds commencing on January 15, 2011. Dr. Kennan was re-appointed to the Board of Trustees of the Putnam funds effective January 1, 2012, and in connection with her re-appointment, Dr. Kennan agreed to suspend the balance of her retirement benefit payments for the duration of her service as a Trustee, which concluded with her retirement on June 30, 2013. (6) Includes additional compensation to Ms. Baxter for service as Chair of the Trustees of the Putnam funds. (7) Mr. Stephens retired from the Board of Trustees of the Putnam funds on March 31, 2008. Upon his retirement in 2008, Mr. Stephens became entitled to receive annual retirement benefit payments from the funds commencing on January 15, 2009. Mr. Stephens was reappointed to the Board of Trustees of the Putnam funds effective May 14, 2009, and in connection with his re-appointment, Mr. Stephens has agreed to suspend the balance of his retirement benefit payments for the duration of his service as a Trustee. (8) Mr. Reynolds is an “interested person” of the fund and Putnam Management.Appendix J — Other Similar Funds Advised by Putnam Management The following table contains certain information regarding funds for which Putnam Management provides investment advisory services and that may have similar investment objective and policies to your fund.
Appendix J — Other Similar Funds Advised by Putnam Management
The following table contains certain information regarding funds for which Putnam Management provides investment advisory services and that may have similar investment objective and policies to your fund.
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $276,839,232 | of Average Net Assets | 0.40% | $493,980 | | Yes | To earn a positive total return | ABSOLUTE | | | | | | | that exceeds the rate of inflation | RETURN 100 FUND | | | | | | | by 1% over a reasonable | | | | | | | | period of time, regardless of | | | | | | | | market conditions. |
| PUTNAM | $959,104,124 | of Average Net Assets | 0.60% | $4,354,861 | | Yes | To earn a positive total return | ABSOLUTE | | | | | | | that exceeds the rate of inflation | RETURN 300 FUND | | | | | | | by 3% over a reasonable | | | | | | | | period of time, regardless of | | | | | | | | market conditions. |
| PUTNAM | $828,585,249 | First $5 billion | 0.880% | $5,233,405 | | Yes | To earn a positive total return | ABSOLUTE | | Next $5 billion | 0.830% | | | | that exceeds the rate of inflation | RETURN 500 FUND | | Next $10 billion | 0.780% | | | | by 5% over a reasonable | | | Next $10 billion | 0.730% | | | | period of time, regardless of | | | Next $50 billion | 0.680% | | | | market conditions. | | | Next $50 billion | 0.660% | | | | | | | Next $100 billion | 0.650% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM | $784,720,210 | First $5 billion | 1.030% | $5,796,253 | | Yes | To earn a positive total return | ABSOLUTE | | Next $5 billion | 0.980% | | | | that exceeds the rate of inflation | RETURN 700 FUND | | Next $10 billion | 0.930% | | | | by 7% over a reasonable | | | Next $10 billion | 0.880% | | | | period of time, regardless of | | | Next $50 billion | 0.830% | | | | market conditions. | | | Next $50 billion | 0.810% | | | | | | | Next $100 billion | 0.800% | | | | | | | Any excess thereafter | 0.795% | | | | |
| | PUTNAM | $577,015,363 | First $5 billion | 0.550% | $2,665,472 | | Yes | High current income with | AMERICAN | | Next $5 billion | 0.500% | | | | preservation of capital as its | GOVERNMENT | | Next $10 billion | 0.450% | | | | secondary objective. | INCOME FUND | | Next $10 billion | 0.400% | | | | | | | Next $50 billion | 0.350% | | | | | | | Next $50 billion | 0.330% | | | | | | | Next $100 billion | 0.320% | | | | | | | Any excess thereafter | 0.315% | | | | |
|
Management.
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $429,096,255 | First $5 billion | 0.590% | $2,217,779 | | Yes | High current income exempt | AMT-FREE | | Next $5 billion | 0.540% | | | | from federal income tax. | MUNICIPAL FUND | | Next $10 billion | 0.490% | | | | | | | Next $10 billion | 0.440% | | | | | | | Next $50 billion | 0.390% | | | | | | | Next $50 billion | 0.370% | | | | | | | Next $100 billion | 0.360% | | | | | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM ARIZONA | $63,765,877 | First $5 billion | 0.590% | $283,378 | | Yes | As high a level of current | TAX EXEMPT | | Next $5 billion | 0.540% | | | | income exempt from federal | INCOME FUND | | Next $10 billion | 0.490% | | | | income tax and Arizona | | | Next $10 billion | 0.440% | | | | person income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation | | | Next $100 billion | 0.360% | | | | of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM ASIA | $9,047,678 | First $5 billion | 1.080% | $0 | | Yes | Long-term capital appreciation. | PACIFIC EQUITY | | Next $5 billion | 1.030% | | | | | FUND | | Next $10 billion | 0.980% | | | | | | | Next $10 billion | 0.930% | | | | | | | Next $50 billion | 0.880% | | | | | | | Next $50 billion | 0.860% | | | | | | | Next $100 billion | 0.850% | | | | | | | Any excess thereafter | 0.845% | | | | |
| | PUTNAM | $1,450,023,315 | First $5 billion | 0.590% | $7,293,763 | | Yes | As high a level of current | CALIFORNIA TAX | | Next $5 billion | 0.540% | | | | income exempt from federal | EXEMPT INCOME | | Next $10 billion | 0.490% | | | | income tax and California | FUND | | Next $10 billion | 0.440% | | | | person income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation | | | Next $100 billion | 0.360% | | | | of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM CAPITAL | $384,612,337 | First $5 billion | 0.780% | $2,219,656 | | Yes | Long-term growth of capital. | OPPORTUNITIES | | Next $5 billion | 0.730% | | | | | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM CAPITAL | $2,632,636,619 | First $5 billion | 0.880% | $13,364,984 | | Yes | Total return. | SPECTRUM FUND | | Next $5 billion | 0.830% | | | | | | | Next $10 billion | 0.780% | | | | | | | Next $10 billion | 0.730% | | | | | | | Next $50 billion | 0.680% | | | | | | | Next $50 billion | 0.660% | | | | | | | Next $100 billion | 0.650% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM | $630,148,238 | First $5 billion | 0.780% | $4,049,683 | | Yes | With equal emphasis, | CONVERTIBLE | | Next $5 billion | 0.730% | | | | current income and capital | SECURITIES FUND | | Next $10 billion | 0.680% | | | | appreciation. Its secondary | | | Next $10 billion | 0.630% | | | | objective is conservation | | | Next $50 billion | 0.580% | | | | of capital. | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM | $4,595,919,051 | First $5 billion | 0.700% | $20,008,464 | | Yes | As high a level of current | DIVERSIFIED | | Next $5 billion | 0.650% | | | | income as Putnam | INCOME TRUST | | Next $10 billion | 0.600% | | | | Management believes is | | | Next $10 billion | 0.550% | | | | consistent with preservation | | | Next $50 billion | 0.500% | | | | of capital. | | | Next $50 billion | 0.480% | | | | | | | Next $100 billion | 0.470% | | | | | | | Any excess thereafter | 0.465% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $1,331,128,130 | First $5 billion | 0.680% | $7,021,376 | | Yes | Total return. | DYNAMIC ASSET | | Next $5 billion | 0.630% | | | | | ALLOCATION | | Next $10 billion | 0.580% | | | | | BALANCED FUND | | Next $10 billion | 0.530% | | | | | | | Next $50 billion | 0.480% | | | | | | | Next $50 billion | 0.460% | | | | | | | Next $100 billion | 0.450% | | | | | | | Any excess thereafter | 0.445% | | | | |
| | PUTNAM | $544,825,669 | First $5 billion | 0.680% | $3,001,267 | | Yes | Total return consistent with | DYNAMIC ASSET | | Next $5 billion | 0.630% | | | | preservation of capital. | ALLOCATION | | Next $10 billion | 0.580% | | | | | CONSERVATIVE | | Next $10 billion | 0.530% | | | | | FUND | | Next $50 billion | 0.480% | | | | | | | Next $50 billion | 0.460% | | | | | | | Next $100 billion | 0.450% | | | | | | | Any excess thereafter | 0.445% | | | | |
| | PUTNAM | $25,026,151 | First $5 billion | 0.750% | $0 | | Yes | Long-term growth. | DYNAMIC ASSET | | Next $5 billion | 0.700% | | | | | ALLOCATION | | Next $10 billion | 0.650% | | | | | EQUITY FUND | | Next $10 billion | 0.600% | | | | | | | Next $50 billion | 0.550% | | | | | | | Next $50 billion | 0.530% | | | | | | | Next $100 billion | 0.520% | | | | | | | Any excess thereafter | 0.515% | | | | |
| | PUTNAM | $1,671,640,573 | First $5 billion | 0.750% | $9,791,000 | | Yes | Capital appreciation. | DYNAMIC ASSET | | Next $5 billion | 0.700% | | | | | ALLOCATION | | Next $10 billion | 0.650% | | | | | GROWTH FUND | | Next $10 billion | 0.600% | | | | | | | Next $50 billion | 0.550% | | | | | | | Next $50 billion | 0.530% | | | | | | | Next $100 billion | 0.520% | | | | | | | Any excess thereafter | 0.515% | | | | |
| | PUTNAM DYNAMIC | $248,897,395 | First $5 billion | 1.050% | $1,418,724 | | Yes | Total return. | RISK ALLOCATION | | Next $5 billion | 1.000% | | | | | FUND | | Next $10 billion | 0.950% | | | | | | | Next $10 billion | 0.900% | | | | | | | Next $50 billion | 0.850% | | | | | | | Next $50 billion | 0.830% | | | | | | | Next $100 billion | 0.820% | | | | | | | Any excess thereafter | 0.815% | | | | |
| | PUTNAM | $34,205,915 | First $5 billion | 1.080% | $187,478 | | Yes | Long-term capital appreciation. | EMERGING | | Next $5 billion | 1.030% | | | | | MARKETS EQUITY | | Next $10 billion | 0.980% | | | | | FUND | | Next $10 billion | 0.930% | | | | | | | Next $50 billion | 0.880% | | | | | | | Next $50 billion | 0.860% | | | | | | | Next $100 billion | 0.850% | | | | | | | Any excess thereafter | 0.845% | | | | |
| | PUTNAM | $10,302,550(2) | First $5 billion | 0.880% | $ — | | Yes | High current income. Capital | EMERGING | | Next $5 billion | 0.830% | | | | growth is a secondary goal | MARKETS INCOME | | Next $10 billion | 0.780% | | | | when consistent with achieving | FUND | | Next $10 billion | 0.730% | | | | high current income. | | | Next $50 billion | 0.680% | | | | | | | Next $50 billion | 0.660% | | | | | | | Next $100 billion | 0.650% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM EQUITY | $3,784,636,714 | First $5 billion | 0.630% | $17,452,067 | | Yes | Capital growth and | INCOME FUND | | Next $5 billion | 0.580% | | | | current income. | | | Next $10 billion | 0.530% | | | | | | | Next $10 billion | 0.480% | | | | | | | Next $50 billion | 0.430% | | | | | | | Next $50 billion | 0.410% | | | | | | | Next $100 billion | 0.400% | | | | | | | Any excess thereafter | 0.395% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM EQUITY | $1,104,110,144 | First $5 billion | 0.880% | $5,907,335 | | Yes | Total Return. | SPECTRUM FUND | | Next $5 billion | 0.830% | | | | | | | Next $10 billion | 0.780% | | | | | | | Next $10 billion | 0.730% | | | | | | | Next $50 billion | 0.680% | | | | | | | Next $50 billion | 0.660% | | | | | | | Next $100 billion | 0.650% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM EUROPE | $161,424,766 | First $5 billion | 0.850% | $1,225,861 | | Yes | Capital appreciation. | EQUITY FUND | | Next $5 billion | 0.800% | | | | | | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM | $670,174,155 | First $5 billion | 0.720% | $2,977,382 | | Yes | High current income. | FLOATING RATE | | Next $5 billion | 0.670% | | | | Preservation of capital is a | INCOME FUND | | Next $10 billion | 0.620% | | | | secondary goal. | | | Next $10 billion | 0.570% | | | | | | | Next $50 billion | 0.520% | | | | | | | Next $50 billion | 0.500% | | | | | | | Next $100 billion | 0.490% | | | | | | | Any excess thereafter | 0.485% | | | | |
| | THE GEORGE | $1,263,010,053 | First $5 billion | 0.680% | $6,488,744 | | Yes | Capital growth and current | PUTNAM FUND OF | | Next $5 billion | 0.630% | | | | income. | BOSTON (d/b/a | | Next $10 billion | 0.580% | | | | | GEORGE PUTNAM | | Next $10 billion | 0.530% | | | | | BALANCED FUND) | | Next $50 billion | 0.480% | | | | | | | Next $50 billion | 0.460% | | | | | | | Next $100 billion | 0.450% | | | | | | | Any excess thereafter | 0.445% | | | | |
| | PUTNAM GLOBAL | $18,922,710 | First $5 billion | 0.780% | $42,723 | | Yes | Capital appreciation. | CONSUMER FUND | | Next $5 billion | 0.730% | | | | | | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $6,139,934(3) | First $5 billion | 0.850% | $ — | | Yes | Capital growth and current | DIVIDEND FUND | | Next $5 billion | 0.800% | | | | income. | | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM GLOBAL | $21,342,356 | First $5 billion | 0.780% | $76,398 | | Yes | Capital appreciation. | ENERGY FUND | | Next $5 billion | 0.730% | | | | | | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $761,325,421 | First $5 billion | 0.850% | $5,496,467 | | Yes | Capital Appreciation. | EQUITY FUND | | Next $5 billion | 0.800% | | | | | | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM GLOBAL | $17,800,608 | First $5 billion | 0.780% | $38,961 | | Yes | Capital appreciation. | FINANCIALS FUND | | Next $5 billion | 0.730% | | | | | | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $1,197,089,834 | First $5 billion | 0.780% | $6,970,314 | | Yes | Capital Appreciation. | HEALTH CARE | | Next $5 billion | 0.730% | | | | | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $363,153,058 | First $5 billion | 0.700% | $1,999,189 | | Yes | High current income. | INCOME TRUST | | Next $5 billion | 0.650% | | | | Preservation of capital and | | | Next $10 billion | 0.600% | | | | long-term total return are | | | Next $10 billion | 0.550% | | | | secondary objectives, but only | | | Next $50 billion | 0.500% | | | | to the extent consistent with | | | Next $50 billion | 0.480% | | | | the objective of seeking high | | | Next $100 billion | 0.470% | | | | current income. | | | Any excess thereafter | 0.465% | | | | |
| | PUTNAM GLOBAL | $18,151,538 | First $5 billion | 0.780% | $16,277 | | Yes | Capital appreciation. | INDUSTRIALS | | Next $5 billion | 0.730% | | | | | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $313,033,087 | First $5 billion | 0.780% | $1,959,049 | | Yes | Capital Appreciation. | NATURAL | | Next $5 billion | 0.730% | | | | | RESOURCES FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $2,682,759 | N/A | N/A | N/A | | Yes | Capital appreciation. | SECTOR FUND | | | | | | | |
| PUTNAM GLOBAL | $12,569,313 | First $5 billion | 0.780% | $17,533 | | Yes | Capital appreciation. | TECHNOLOGY | | Next $5 billion | 0.730% | | | | | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $19,913,012 | First $5 billion | 0.780% | $51,642 | | Yes | Capital appreciation. | TELECOMMUNI- | | Next $5 billion | 0.730% | | | | | CATIONS FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM GLOBAL | $203,809,852 | First $5 billion | 0.780% | $1,327,033 | | Yes | Capital growth and current | UTILITIES FUND | | Next $5 billion | 0.730% | | | | income. | | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| THE PUTNAM | $4,442,530,367 | First $5 billion | 0.630% | $21,457,542 | | Yes | Capital growth and current | FUND FOR | | Next $5 billion | 0.580% | | | | income. | GROWTH AND | | Next $10 billion | 0.530% | | | | | INCOME | | Next $10 billion | 0.480% | | | | | | | Next $50 billion | 0.430% | | | | | | | Next $50 billion | 0.410% | | | | | | | Next $100 billion | 0.400% | | | | | | | Any excess thereafter | 0.395% | | | | |
| | PUTNAM GROWTH | $393,031,498 | First $5 billion | 0.710% | $1,825,919 | | Yes | Capital appreciation. | OPPORTUNITIES | | Next $5 billion | 0.660% | | | | | FUND | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM | $145,549,092 | First $500 million | 0.700% | $1,039,414 | | No | High current income. | HIGH INCOME | | Next $500 million | 0.600% | | | | Secondary objective is capital | SECURITIES FUND | | Next $500 million | 0.550% | | | | appreciation. | | | Next $5 billion | 0.500% | | | | | | | Next $5 billion | 0.475% | | | | | | | Next $5 billion | 0.455% | | | | | | | Next $5 billion | 0.440% | | | | | | | Next $5 billion | 0.430% | | | | | | | Next $5 billion | 0.420% | | | | | | | Next $5 billion | 0.410% | | | | | | | Next $5 billion | 0.400% | | | | | | | Next $5 billion | 0.390% | | | | | | | Next $8.5 billion | 0.380% | | | | | | | Any excess thereafter | 0.370% | | | | |
| | PUTNAM | $966,211,080 | First $5 billion | 0.720% | $5,206,491 | | Yes | High current income. Capital | HIGH YIELD | | Next $5 billion | 0.670% | | | | growth is a secondary goal | ADVANTAGE | | Next $10 billion | 0.620% | | | | when consistent with achieving | FUND | | Next $10 billion | 0.570% | | | | high current income. | | | Next $50 billion | 0.520% | | | | | | | Next $50 billion | 0.500% | | | | | | | Next $100 billion | 0.490% | | | | | | | Any excess thereafter | 0.485% | | | | |
| | PUTNAM HIGH | $1,345,593,597 | First $5 billion | 0.720% | $8,476,385 | | Yes | High current income. Capital | YIELD TRUST | | Next $5 billion | 0.670% | | | | growth is a secondary goal | | | Next $10 billion | 0.620% | | | | when consistent with achieving | | | Next $10 billion | 0.570% | | | | high current income. | | | Next $50 billion | 0.520% | | | | | | | Next $50 billion | 0.500% | | | | | | | Next $100 billion | 0.490% | | | | | | | Any excess thereafter | 0.485% | | | | |
| | PUTNAM INCOME | $1,436,436,630 | First $5 billion | 0.550% | $5,608,363 | | Yes | High current income consistent | FUND | | Next $5 billion | 0.500% | | | | with what Putnam Investment | | | Next $10 billion | 0.450% | | | | Management, LLC believes to | | | Next $10 billion | 0.400% | | | | be prudent risk. | | | Next $50 billion | 0.350% | | | | | | | Next $50 billion | 0.330% | | | | | | | Next $100 billion | 0.320% | | | | | | | Any excess thereafter | 0.315% | | | | |
| | PUTNAM | $10,364,955(4) | First $5 billion | 0.590% | $ — | | Yes | As high a level of current | INTERMEDIATE- | | Next $5 billion | 0.540% | | | | income exempt from federal | TERM MUNICIPAL | | Next $10 billion | 0.490% | | | | income tax as Putnam | INCOME FUND | | Next $10 billion | 0.440% | | | | Management believes is | | | Next $50 billion | 0.390% | | | | consistent with preservation | | | Next $50 billion | 0.370% | | | | of capital. | | | Next $100 billion | 0.360% | | | | | | | Any excess thereafter | 0.355% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $803,002,155 | First $5 billion | 1.080% | $7,166,274 | | Yes | Long-term capital appreciation. | INTERNATIONAL | | Next $5 billion | 1.030% | | | | | CAPITAL | | Next $10 billion | 0.980% | | | | | OPPORTUNITIES | | Next $10 billion | 0.930% | | | | | FUND | | Next $50 billion | 0.880% | | | | | | | Next $50 billion | 0.860% | | | | | | | Next $100 billion | 0.850% | | | | | | | Any excess thereafter | 0.845% | | | | |
| | PUTNAM | $962,771,808 | First $5 billion | 0.850% | $7,100,664 | | Yes | Capital appreciation. | INTERNATIONAL | | Next $5 billion | 0.800% | | | | | EQUITY FUND | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM | $351,591,716 | First $5 billion | 1.080% | $3,022,995 | | Yes | Long-term capital appreciation. | INTERNATIONAL | | Next $5 billion | 1.030% | | | | | GROWTH FUND | | Next $10 billion | 0.980% | | | | | | | Next $10 billion | 0.930% | | | | | | | Next $50 billion | 0.880% | | | | | | | Next $50 billion | 0.860% | | | | | | | Next $100 billion | 0.850% | | | | | | | Any excess thereafter | 0.845% | | | | |
| | PUTNAM | $200,940,112 | First $5 billion | 0.850% | $1,437,355 | | Yes | Capital growth. Current income | INTERNATIONAL | | Next $5 billion | 0.800% | | | | is a secondary objective. | VALUE FUND | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM | $1,537,732,567 | First $5 billion | 0.710% | $7,966,034 | | Yes | Long-term growth of capital | INVESTORS FUND | | Next $5 billion | 0.660% | | | | and any increased income that | | | Next $10 billion | 0.610% | | | | results from this growth. | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM LOW | $29,929,699(5) | First $5 billion | 0.780% | $0 | | Yes | Total return comparable to | VOLATILITY | | Next $5 billion | 0.730% | | | | that of the U.S equity markets, | EQUITY FUND | | Next $10 billion | 0.680% | | | | but with lower volatility, over a | | | Next $10 billion | 0.630% | | | | market cycle. | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM | $466,728,330 | First $500 million | 0.650% | $3,149,331 | | No | High current income free from | MANAGED | | Next $500 million | 0.550% | | | | federal income tax. | MUNICIPAL | | Next $500 million | 0.500% | | | | | INCOME TRUST | | Next $5 billion | 0.450% | | | | | | | Next $5 billion | 0.425% | | | | | | | Next $5 billion | 0.405% | | | | | | | Next $5 billion | 0.390% | | | | | | | Any excess thereafter | 0.380% | | | | |
| | PUTNAM | $426,490,557 | First $5 billion | 0.590% | $1,868,568 | | Yes | High level of current income | MASSACHUSETTS | | Next $5 billion | 0.540% | | | | exempt from federal income | TAX EXEMPT | | Next $10 billion | 0.490% | | | | tax and Massachusetts | INCOME FUND | | Next $10 billion | 0.440% | | | | personal income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation of | | | Next $100 billion | 0.360% | | | | capital. | | | Any excess thereafter | 0.355% | | | | |
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| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM MASTER | $345,143,575 | First $500 million | 0.750% | $2,723,636 | | No | High current income and | INTERMEDIATE | | Next $500 million | 0.650% | | | | relative stability of net asset | INCOME TRUST | | Next $500 million | 0.600% | | | | value. | | | Next $5 billion | 0.550% | | | | | | | Next $5 billion | 0.525% | | | | | | | Next $5 billion | 0.505% | | | | | | | Next $5 billion | 0.490% | | | | | | | Next $5 billion | 0.480% | | | | | | | Next $5 billion | 0.470% | | | | | | | Next $5 billion | 0.460% | | | | | | | Next $5 billion | 0.450% | | | | | | | Next $5 billion | 0.440% | | | | | | | Next $8.5 billion | 0.430% | | | | | | | Any excess thereafter | 0.420% | | | | |
| | PUTNAM | $82,347,558 | First $5 billion | 0.590% | $362,014 | | Yes | As high a level of current | MICHIGAN TAX | | Next $5 billion | 0.540% | | | | income exempt from federal | EXEMPT INCOME | | Next $10 billion | 0.490% | | | | income tax and Michigan | FUND | | Next $10 billion | 0.440% | | | | personal income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation | | | Next $100 billion | 0.360% | | | | of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM | $125,148,611 | First $5 billion | 0.590% | $532,651 | | Yes | As high a level of current | MINNESOTA TAX | | Next $5 billion | 0.540% | | | | income exempt from federal | EXEMPT INCOME | | Next $10 billion | 0.490% | | | | income tax and Minnesota | FUND | | Next $10 billion | 0.440% | | | | personal income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation | | | Next $100 billion | 0.360% | | | | of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM MONEY | $1,431,994,373 | First $5 billion | 0.440% | $0 | | Yes | As high a rate of current income | MARKET FUND | | Next $5 billion | 0.390% | | | | as Putnam Management | | | Next $10 billion | 0.340% | | | | believes is consistent with | | | Next $10 billion | 0.290% | | | | preservation of capital and | | | Next $50 billion | 0.240% | | | | maintenance of liquidity. | | | Next $50 billion | 0.220% | | | | | | | Next $100 billion | 0.210% | | | | | | | Any excess thereafter | 0.205% | | | | |
| | PUTNAM | $2,215,725,345 | of Average net assets | 0.25% | $0 | | Yes | As high a rate of current income | MONEY MARKET | | | | | | | as Putnam Management | LIQUIDITY FUND | | | | | | | believes is consistent with | | | | | | | | preservation of capital and | | | | | | | | maintenance of liquidity. |
| PUTNAM | $14,261,026 | First $5 billion | 0.710% | $8,719 | | Yes | Capital appreciation. | MULTI-CAP CORE | | Next $5 billion | 0.660% | | | | | FUND | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM | $3,338,588,682 | First $5 billion | 0.710% | $16,342,403 | | Yes | Long-term capital appreciation. | MULTI-CAP | | Next $5 billion | 0.660% | | | | | GROWTH FUND | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM | $312,805,407 | First $5 billion | 0.710% | $2,138,018 | | Yes | Capital appreciation and, as a | MULTI-CAP VALUE | | Next $5 billion | 0.660% | | | | secondary objective, current | FUND | | Next $10 billion | 0.610% | | | | income. | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
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| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $580,642,631 | First $500 million | 0.650% | $4,118,860 | | No | As high a level of current | MUNICIPAL | | Next $500 million | 0.550% | | | | income free from federal | OPPORTUNITIES | | Next $500 million | 0.500% | | | | income tax as Putnam | TRUST | | Next $5 billion | 0.450% | | | | Management believes is | | | Next $5 billion | 0.425% | | | | consistent with the preservation | | | Next $5 billion | 0.410% | | | | of capital. | | | Next $5 billion | 0.390% | | | | | | | Any excess thereafter | 0.380% | | | | |
| | PUTNAM NEW | $291,506,902 | First $5 billion | 0.590% | $1,277,096 | | Yes | As high a level of current | JERSEY TAX | | Next $5 billion | 0.540% | | | | income exempt from federal | EXEMPT INCOME | | Next $10 billion | 0.490% | | | | income tax and New Jersey | FUND | | Next $10 billion | 0.440% | | | | personal income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation of | | | Next $100 billion | 0.360% | | | | capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM NEW | $1,313,387,219 | First $5 billion | 0.590% | $5,479,662 | | Yes | As high a level of current | YORK TAX | | Next $5 billion | 0.540% | | | | income exempt from federal | EXEMPT INCOME | | Next $10 billion | 0.490% | | | | income tax and New York | FUND | | Next $10 billion | 0.440% | | | | State and City personal income | | | Next $50 billion | 0.390% | | | | taxes as Putnam Management | | | Next $50 billion | 0.370% | | | | believes is consistent with | | | Next $100 billion | 0.360% | | | | preservation of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM OHIO | $162,973,095 | First $5 billion | 0.590% | $720,433 | | Yes | As high a level of current | TAX EXEMPT | | Next $5 billion | 0.540% | | | | income exempt from federal | INCOME FUND | | Next $10 billion | 0.490% | | | | income tax and Ohio personal | | | Next $10 billion | 0.440% | | | | income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation | | | Next $100 billion | 0.360% | | | | of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM | $245,528,782 | First $5 billion | 0.590% | $1,105,281 | | Yes | As high a level of current | PENNSYLVANIA | | Next $5 billion | 0.540% | | | | income exempt from federal | TAX EXEMPT | | Next $10 billion | 0.490% | | | | income tax and Pennsylvania | INCOME FUND | | Next $10 billion | 0.440% | | | | personal income tax as Putnam | | | Next $50 billion | 0.390% | | | | Management believes is | | | Next $50 billion | 0.370% | | | | consistent with preservation | | | Next $100 billion | 0.360% | | | | of capital. | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM PREMIER | $825,433,303 | First $500 million | 0.750% | $5,947,565 | | No | High current income. | INCOME TRUST | | Next $500 million | 0.650% | | | | | | | Next $500 million | 0.600% | | | | | | | Next $5 billion | 0.550% | | | | | | | Next $5 billion | 0.525% | | | | | | | Next $5 billion | 0.505% | | | | | | | Next $5 billion | 0.490% | | | | | | | Next $5 billion | 0.480% | | | | | | | Next $5 billion | 0.470% | | | | | | | Next $5 billion | 0.460% | | | | | | | Next $5 billion | 0.450% | | | | | | | Next $5 billion | 0.440% | | | | | | | Next $8.5 billion | 0.430% | | | | | | | Any excess thereafter | 0.420% | | | | |
| | PUTNAM | $239,585,789 | First $5 billion | 0.710% | $1,251,275 | | Yes | Capital appreciation. | RESEARCH FUND | | Next $5 billion | 0.660% | | | | | | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM | $1,273,134 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2055 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
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| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $10,658,409 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2050 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $14,805,075 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2045 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $20,912,345 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2040 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $30,110,450 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2035 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $39,575,932 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2030 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $42,575,319 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2025 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $36,670,899 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2020 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $25,087,950 | N/A | N/A | N/A | | Yes | Capital appreciation and current | RETIREMENT- | | | | | | | income consistent with a | READY 2015 FUND | | | | | | | decreasing emphasis on capital | | | | | | | | appreciation and an increasing | | | | | | | | emphasis on current income as | | | | | | | | it approaches its target date. |
| PUTNAM | $24,075,849 | N/A | N/A | N/A | | Yes | As high a rate of current income | RETIREMENT | | | | | | | as Putnam Management | INCOME FUND | | | | | | | believes is consistent with | LIFESTYLE 1 | | | | | | | preservation of capital. |
| PUTNAM | $12,495,315 | First $5 billion | 0.680% | $0 | | Yes | Current Income consistent with | RETIREMENT | | Next $5 billion | 0.630% | | | | what Putnam Management | INCOME FUND | | Next $10 billion | 0.580% | | | | believes to be prudent risk. | LIFESTYLE 2 | | Next $10 billion | 0.530% | | | | | | | Next $50 billion | 0.480% | | | | | | | Next $50 billion | 0.460% | | | | | | | Next $100 billion | 0.450% | | | | | | | Any excess thereafter | 0.445% | | | | |
| | PUTNAM | $16,414,733 | First $5 billion | 0.680% | $0 | | Yes | Current Income consistent with | RETIREMENT | | Next $5 billion | 0.630% | | | | what Putnam Management | INCOME FUND | | Next $10 billion | 0.580% | | | | believes to be prudent risk. Its | LIFESTYLE 3 | | Next $10 billion | 0.530% | | | | secondary objective is capital | | | Next $50 billion | 0.480% | | | | appreciation. | | | Next $50 billion | 0.460% | | | | | | | Next $100 billion | 0.450% | | | | | | | Any excess thereafter | 0.445% | | | | |
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| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM SHORT | $1,151,155,979 | First $5 billion | 0.500% | $1,293,633 | | Yes | As high a rate of current income | DURATION | | Next $5 billion | 0.450% | | | | as Putnam Management | INCOME FUND | | Next $10 billion | 0.400% | | | | believes is consistent with | | | Next $10 billion | 0.350% | | | | preservation of capital and | | | Next $50 billion | 0.300% | | | | maintenance of liquidity. | | | Next $50 billion | 0.280% | | | | | | | Next $100 billion | 0.270% | | | | | | | Any excess thereafter | 0.265% | | | | |
| | PUTNAM | $2,682,410,580 | of Average net assets | 0.25% | $0 | | Yes | As high a rate of current income | SHORT TERM | (6) | | | | | | as Putnam Management | INVESTMENT | | | | | | | believes is consistent with | FUND | | | | | | | preservation of capital and | | | | | | | | maintenance of liquidity. |
| PUTNAM SHORT- | $11,121,856(7) | First $5 billion | 0.500% | $ — | | Yes | As high a level of current | TERM MUNICIPAL | | Next $5 billion | 0.450% | | | | income exempt from federal | INCOME FUND | | Next $10 billion | 0.400% | | | | income tax as Putnam | | | Next $10 billion | 0.350% | | | | Management believes is | | | Next $50 billion | 0.300% | | | | consistent with preservation | | | Next $50 billion | 0.280% | | | | of capital. | | | Next $100 billion | 0.270% | | | | | | | Any excess thereafter | 0.265% | | | | |
| | PUTNAM SMALL | $127,856,487 | First $5 billion | 0.780% | $710,052 | | Yes | Capital appreciation. | CAP GROWTH | | Next $5 billion | 0.730% | | | | | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM SMALL | $168,319,734 | First $5 billion | 0.780% | $1,004,942 | | Yes | Capital appreciation. | CAP VALUE FUND | | Next $5 billion | 0.730% | | | | | | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM | $4,015,264(8) | First $5 billion | 0.880% | $0 | | Yes | Total return in excess of that | STRATEGIC | | Next $5 billion | 0.830% | | | | of the U.S. equity markets, but | VOLATILITY | | Next $10 billion | 0.780% | | | | with comparable volatility. | EQUITY FUND | | Next $10 billion | 0.730% | | | | | | | Next $50 billion | 0.680% | | | | | | | Next $50 billion | 0.660% | | | | | | | Next $100 billion | 0.650% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM TAX | $1,043,075,360 | First $5 billion | 0.590% | $5,249,245 | | Yes | As high a level of current | EXEMPT INCOME | | Next $5 billion | 0.540% | | | | income exempt from federal | FUND | | Next $10 billion | 0.490% | | | | income tax as Putnam | | | Next $10 billion | 0.440% | | | | Management believes is | | | Next $50 billion | 0.390% | | | | consistent with preservation of | | | Next $50 billion | 0.370% | | | | capital. | | | Next $100 billion | 0.360% | | | | | | | Any excess thereafter | 0.355% | | | | |
| | PUTNAM TAX | $42,599,913 | First $5 billion | 0.440% | $0 | | Yes | As high a rate of current income | EXEMPT MONEY | | Next $5 billion | 0.390% | | | | exempt from federal income | MARKET FUND | | Next $10 billion | 0.340% | | | | tax as Putnam Management | | | Next $10 billion | 0.290% | | | | believes is consistent with | | | Next $50 billion | 0.240% | | | | preservation of capital and | | | Next $50 billion | 0.220% | | | | maintenance of liquidity. | | | Next $100 billion | 0.210% | | | | | | | Any excess thereafter | 0.205% | | | | |
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| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM | $986,169,531 | First $5 billion | 0.630% | $5,642,898 | | Yes | High current income exempt | TAX-FREE HIGH | | Next $5 billion | 0.580% | | | | from federal income tax. | YIELD FUND | | Next $10 billion | 0.530% | | | | | | | Next $10 billion | 0.480% | | | | | | | Next $50 billion | 0.430% | | | | | | | Next $50 billion | 0.410% | | | | | | | Next $100 billion | 0.400% | | | | | | | Any excess thereafter | 0.395% | | | | |
| | PUTNAM U.S. | $1,216,869,750 | First $5 billion | 0.550% | $5,771,426 | | Yes | As high a level of current | GOVERNMENT | | Next $5 billion | 0.500% | | | | income as Putnam | INCOME TRUST | | Next $10 billion | 0.450% | | | | Management believes is | | | Next $10 billion | 0.400% | | | | consistent with preservation | | | Next $50 billion | 0.350% | | | | of capital. | | | Next $50 billion | 0.330% | | | | | | | Next $100 billion | 0.320% | | | | | | | Any excess thereafter | 0.315% | | | | |
| | PUTNAM | $3,758,223,225 | First $5 billion | 0.710% | $15,286,375 | | Yes | Capital appreciation. | VOYAGER FUND | | Next $5 billion | 0.660% | | | | | | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM VT | $17,856,955 | First $5 billion | 0.880% | $0 | | Yes | To earn a positive return that | ABSOLUTE | | Next $5 billion | 0.830% | | | | exceeds the rate of inflation by | RETURN 500 FUND | | Next $10 billion | 0.780% | | | | 5% over a reasonable period | | | Next $10 billion | 0.730% | | | | of time, regardless of market | | | Next $50 billion | 0.680% | | | | conditions. | | | Next $50 billion | 0.660% | | | | | | | Next $100 billion | 0.650% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM VT | $115,123,322 | First $5 billion | 0.550% | $505,029 | | Yes | High current income with | AMERICAN | | Next $5 billion | 0.500% | | | | preservation of capital as its | GOVERNMENT | | Next $10 billion | 0.450% | | | | secondary objective. | INCOME FUND | | Next $10 billion | 0.400% | | | | | | | Next $50 billion | 0.350% | | | | | | | Next $50 billion | 0.330% | | | | | | | Next $100 billion | 0.320% | | | | | | | Any excess thereafter | 0.315% | | | | |
| | PUTNAM | $30,538,729 | First $5 billion | 0.780% | $207,222 | | Yes | Long-term growth of capital. | VT CAPITAL | | Next $5 billion | 0.730% | | | | | OPPORTUNITIES | | Next $10 billion | 0.680% | | | | | FUND | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM VT | $447,542,301 | First $5 billion | 0.700% | $2,532,568 | | Yes | As high a level of current | DIVERSIFIED | | Next $5 billion | 0.650% | | | | income as Putnam | INCOME FUND | | Next $10 billion | 0.600% | | | | Management believes is | | | Next $10 billion | 0.550% | | | | consistent with preservation | | | Next $50 billion | 0.500% | | | | of capital. | | | Next $50 billion | 0.480% | | | | | | | Next $100 billion | 0.470% | | | | | | | Any excess thereafter | 0.645% | | | | |
| | PUTNAM VT | $387,269,715 | First $5 billion | 0.630% | $1,806,301 | | Yes | Capital growth and current | EQUITY INCOME | | Next $5 billion | 0.580% | | | | income. | FUND | | Next $10 billion | 0.530% | | | | | | | Next $10 billion | 0.480% | | | | | | | Next $50 billion | 0.430% | | | | | | | Next $50 billion | 0.410% | | | | | | | Next $100 billion | 0.400% | | | | | | | Any excess thereafter | 0.395% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM VT | $173,285,587 | First $5 billion | 0.680% | $956,470 | | Yes | Both capital growth and current | GEORGE PUTNAM | | Next $5 billion | 0.630% | | | | income. | BALANCED FUND | | Next $10 billion | 0.580% | | | | | | | Next $10 billion | 0.530% | | | | | | | Next $50 billion | 0.480% | | | | | | | Next $50 billion | 0.460% | | | | | | | Next $100 billion | 0.450% | | | | | | | Any excess thereafter | 0.445% | | | | |
| | PUTNAM VT | $207,408,095 | First $5 billion | 0.750% | $1,280,104 | | Yes | Long-term return consistent | GLOBAL ASSET | | Next $5 billion | 0.700% | | | | with preservation of capital. | ALLOCATION | | Next $10 billion | 0.650% | | | | | FUND | | Next $10 billion | 0.600% | | | | | | | Next $50 billion | 0.550% | | | | | | | Next $50 billion | 0.530% | | | | | | | Next $100 billion | 0.520% | | | | | | | Any excess thereafter | 0.515% | | | | |
| | PUTNAM VT | $198,411,625 | First $5 billion | 0.850% | $1,394,894 | | Yes | Capital appreciation. | GLOBAL EQUITY | | Next $5 billion | 0.800% | | | | | FUND | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM VT | $108,742,159 | First $5 billion | 0.780% | $663,474 | | Yes | Capital appreciation. | GLOBAL HEALTH | | Next $5 billion | 0.730% | | | | | CARE FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM VT | $106,250,504 | First $5 billion | 0.780% | $724,377 | | Yes | Capital growth and current | GLOBAL UTILITIES | | Next $5 billion | 0.730% | | | | income. | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM VT | $1,160,083,119 | First $5 billion | 0.630% | $5,691,727 | | Yes | Capital growth and current | GROWTH AND | | Next $5 billion | 0.580% | | | | income. | INCOME FUND | | Next $10 billion | 0.530% | | | | | | | Next $10 billion | 0.480% | | | | | | | Next $50 billion | 0.430% | | | | | | | Next $50 billion | 0.410% | | | | | | | Next $100 billion | 0.400% | | | | | | | Any excess thereafter | 0.395% | | | | |
| | PUTNAM VT | $25,163,523 | First $5 billion | 0.710% | $120,564 | | Yes | Capital appreciation. | GROWTH | | Next $5 billion | 0.660% | | | | | OPPORTUNITIES | | Next $10 billion | 0.610% | | | | | FUND | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM VT HIGH | $397,577,870 | First $5 billion | 0.720% | $2,293,594 | | Yes | High current income. Capital | YIELD FUND | | Next $5 billion | 0.670% | | | | growth is a secondary goal | | | Next $10 billion | 0.620% | | | | when consistent with achieving | | | Next $10 billion | 0.570% | | | | high current income. | | | Next $50 billion | 0.520% | | | | | | | Next $50 billion | 0.500% | | | | | | | Next $100 billion | 0.490% | | | | | | | Any excess thereafter | 0.485% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM VT | $379,960,720 | First $5 billion | 0.550% | $1,576,095 | | Yes | High current income | INCOME FUND | | Next $5 billion | 0.500% | | | | consistent with what Putnam | | | Next $10 billion | 0.450% | | | | Management believes to be | | | Next $10 billion | 0.400% | | | | prudent risk. | | | Next $50 billion | 0.350% | | | | | | | Next $50 billion | 0.330% | | | | | | | Next $100 billion | 0.320% | | | | | | | Any excess thereafter | 0.315% | | | | |
| | PUTNAM VT | $415,865,839 | First $5 billion | 0.850% | $2,946,769 | | Yes | Capital appreciation. | INTERNATIONAL | | Next $5 billion | 0.800% | | | | | EQUITY FUND | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM VT | $56,149,361 | First $5 billion | 1.080% | $497,013 | | Yes | Long-term capital appreciation. | INTERNATIONAL | | Next $5 billion | 1.030% | | | | | GROWTH FUND | | Next $10 billion | 0.980% | | | | | | | Next $10 billion | 0.930% | | | | | | | Next $50 billion | 0.880% | | | | | | | Next $50 billion | 0.860% | | | | | | | Next $100 billion | 0.850% | | | | | | | Any excess thereafter | 0.845% | | | | |
| | PUTNAM VT | $110,343,401 | First $5 billion | 0.850% | $774,643 | | Yes | Capital growth. Current income | INTERNATIONAL | | Next $5 billion | 0.800% | | | | is a secondary objective. | VALUE FUND | | Next $10 billion | 0.750% | | | | | | | Next $10 billion | 0.700% | | | | | | | Next $50 billion | 0.650% | | | | | | | Next $50 billion | 0.630% | | | | | | | Next $100 billion | 0.620% | | | | | | | Any excess thereafter | 0.615% | | | | |
| | PUTNAM VT | $219,457,136 | First $5 billion | 0.710% | $1,305,080 | | Yes | Long-term growth of capital | INVESTORS FUND | | Next $5 billion | 0.660% | | | | and any increased income that | | | Next $10 billion | 0.610% | | | | results from this growth. | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM VT | $214,045,425 | First $5 billion | 0.440% | $164,496 | | Yes | As high a rate of current income | MONEY MARKET | | Next $5 billion | 0.390% | | | | as Putnam Management | FUND | | Next $10 billion | 0.340% | | | | believes is consistent with | | | Next $10 billion | 0.290% | | | | preservation of capital and | | | Next $50 billion | 0.240% | | | | maintenance of liquidity. | | | Next $50 billion | 0.220% | | | | | | | Next $100 billion | 0.210% | | | | | | | Any excess thereafter | 0.205% | | | | |
| | PUTNAM VT | $647,648,573 | First $5 billion | 0.710% | $3,787,974 | | Yes | Long-term capital appreciation. | MULTI-CAP | | Next $5 billion | 0.660% | | | | | GROWTH FUND | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM VT | $34,275,564 | First $5 billion | 0.710% | $195,889 | | Yes | Capital appreciation and, as a | MULTI-CAP VALUE | | Next $5 billion | 0.660% | | | | secondary objective, current | FUND | | Next $10 billion | 0.610% | | | | income. | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
|
| | | | | | | | | | | | Amount of Management | | | | | | | | Fee Paid in the Most | | Has compensation | | | | | | Recent Fiscal Year (after | | been waived, reduced | | | | | | applicable waivers, perfor- | | or otherwise agreed to | | | Net Assets as of | Current Management Fee | mance adjustments and | | be reduced under any | | Fund | [FYE]1 | Schedule | reimbursements, if any)($) | | applicable contract? | Current Investment Objective |
| PUTNAM VT | $53,107,377 | First $5 billion | 0.710% | $312,623 | | Yes | Capital appreciation. | RESEARCH FUND | | Next $5 billion | 0.660% | | | | | | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
| | PUTNAM VT | $223,220,362 | First $5 billion | 0.780% | $1,423,370 | | Yes | Capital appreciation. | SMALL CAP VALUE | | Next $5 billion | 0.730% | | | | | FUND | | Next $10 billion | 0.680% | | | | | | | Next $10 billion | 0.630% | | | | | | | Next $50 billion | 0.580% | | | | | | | Next $50 billion | 0.560% | | | | | | | Next $100 billion | 0.550% | | | | | | | Any excess thereafter | 0.545% | | | | |
| | PUTNAM VT | $762,329,456 | First $5 billion | 0.710% | $4,579,947 | | Yes | Capital appreciation. | VOYAGER FUND | | Next $5 billion | 0.660% | | | | | | | Next $10 billion | 0.610% | | | | | | | Next $10 billion | 0.560% | | | | | | | Next $50 billion | 0.510% | | | | | | | Next $50 billion | 0.490% | | | | | | | Next $100 billion | 0.480% | | | | | | | Any excess thereafter | 0.475% | | | | |
|
The following table contains certain information regarding funds for which Putnam Management provides investment advisory services as a sub-adviser.
| | | | | | | | | | | | | Amount of | | Has compensation | | | | | | | Sub-Advisory | | been waived, reduced | | | | | | | Fee Paid in the | | or otherwise agreed to | | | | Net Assets as | | | Most Recent | | be reduced under any | | | Fund | of [FYE] | Sub-Advisory Fee Rate | Fiscal Year ($) | | applicable contract? | Current Investment Objective | Fiscal Year |
| GREAT-WEST PUTNAM | $368,406,499 | First $250 million | 0.40% | $1,315,029 | | No | Capital growth and current | 12/31/12 | EQUITY INCOME FUND | | Next $250 million | 0.35% | | | | income | | | | Any excess thereafter | 0.30% | | | | | |
| | GREAT-WEST PUTNAM | $206,648,536 | of all assets | 0.35% | $516,373 | | No | High current income with capital | 12/31/12 | HIGH YIELD BOND | | | | | | | appreciation as a secondary | | FUND | | | | | | | objective when consistent with | | | | | | | | | the primary objective | |
| NVIT MULTI-MANAGER | $460,752,586 | First $200 million | 0.45% | $2,185,040(11) | | No | Long-term capital appreciation. | 12/31/12 | SMALL COMPANY | | Any excess thereafter | 0.40% | | | | Current income is a secondary | | FUND | | | | | | | objective in selecting portfolio | | | | | | | | | investments. | |
| SEASONS SERIES | $167,488,423 | First $150 million | 0.55% | $762,394 | | Yes | Capital appreciation | 3/31/13 | TRUST: ASSET | | Next $150 million | 0.50% | | | | | | ALLOCATION: | | Any excess thereafter | 0.40% | | | | | | DIVERSIFIED GROWTH | | | | | | | | | PORTFOLIO | | | | | | | | |
| SUNAMERICA | $338,815,905 | First $50 million | 0.65% | $1,713,122 | | Yes | Growth of capital and, | 1/31/13 | SERIES TRUST: | | Next $150 million | 0.55% | | | | secondarily, current income | | INTERNATIONAL | | Any excess thereafter | 0.45% | | | | | | GROWTH AND INCOME | | | | | | | | | PORTFOLIO | | | | | | | | |
|
(1) Information provided as of most recently completed fiscal year prior to October 31, 2013.
(2) The net assets figure is based on assets as of the semi-annual period ended May 31, 2013 because this fund has not completed a fiscal year since its inception.
(3) The net assets figure is based on assets as of the semi-annual period ended May 31, 2013 because this fund has not completed a fiscal year since its inception.
(4) The net assets figure is based on assets as of the semi-annual period ended May 31, 2013 because this fund has not completed a fiscal year since its inception.
(5) The net assets figure is based on assets for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(6) The net assets figure is based on assets for the period February 19, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(7) The net assets figure is based on assets as of the semi-annual period ended May 31, 2013 because this fund has not completed a fiscal year since its inception.
(8) The net assets figure is based on assets for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(9) Putnam Management is one of four sub-advisers for this fund. The net assets and sub-advisory fees shown in this table reflect totals for all sub-advisers.
Appendix KJ — Payments to Putnam Management and its Affiliates The following fees were paid by the funds to Putnam Management and its affiliates during each fund’s most recent fiscal year ended prior to October 1, 2013 (other than under a management contract). These services will continue to be provided regardless of whether the proposed management contract is approved. | | Fees paid to Putnam Investor | Fees paid to Putnam Retail | | | Fees paid to Putnam Investor | Fees paid to Putnam Retail | | | | Services, Inc. for serving as investor | Management Limited Partnership | | | Services, Inc. for serving as investor | Management Limited Partnership | | | Fund | servicing agent ($) | pursuant to distribution plans ($) | | Fiscal Year End | servicing agent ($) | pursuant to distribution plans ($) | | Fiscal Year End |
|
|
| Putnam Absolute Return 100 Fund | 474,465 | 1,031,993 | | October 31, 2012 | 474,465 | 1,031,993 | | October 31, 2012 |
|
|
| Putnam Absolute Return 300 Fund | 1,710,863 | 4,175,211 | | October 31, 2012 | 1,710,863 | 4,175,211 | | October 31, 2012 |
|
|
| Putnam Absolute Return 500 Fund | 1,471,310 | 3,221,789 | | October 31, 2012 | 1,471,310 | 3,221,789 | | October 31, 2012 |
|
|
| Putnam Absolute Return 700 Fund | 1,278,371 | 2,432,991 | | October 31, 2012 | 1,278,371 | 2,432,991 | | October 31, 2012 |
|
|
| Putnam American Government Income Fund | 1,015,390 | 1,883,369 | | September 30, 2013 | 1,015,390 | 1,883,369 | | September 30, 2013 |
|
|
| Putnam AMT-Free Municipal Fund | 222,365 | 1,461,249 | | July 31, 2013 | 222,365 | 1,461,249 | | July 31, 2013 |
|
|
| Putnam Arizona Tax Exempt Income Fund | 27,962 | 168,205 | | May 31, 2013 | 27,962 | 168,205 | | May 31, 2013 |
|
|
| Putnam Asia Pacific Equity Fund | 23,436 | 23,104 | | April 30, 2013 | 23,436 | 23,104 | | April 30, 2013 |
|
|
| Putnam California Tax Exempt Income Fund | 763,676 | 3,985,772 | | September 30, 2013 | 763,676 | 3,985,772 | | September 30, 2013 |
|
|
| Putnam Capital Opportunities Fund | 1,003,059 | 1,058,521 | | April 30, 2013 | 1,003,059 | 1,058,521 | | April 30, 2013 |
|
|
| Putnam Capital Spectrum Fund | 2,753,896 | 4,403,917 | | April 30, 2013 | 2,753,896 | 4,403,917 | | April 30, 2013 |
|
|
| Putnam Convertible Securities Fund | 1,135,764 | 1,788,739 | | October 31, 2012 | 1,135,764 | 1,788,739 | | October 31, 2012 |
|
|
| Putnam Diversified Income Trust | 5,281,982 | 13,437,739 | | September 30, 2013 | 5,281,982 | 13,437,739 | | September 30, 2013 |
|
|
| Putnam Dynamic Asset Allocation Balanced Fund | 2,316,684 | 4,411,525 | | September 30, 2013 | 2,316,684 | 4,411,525 | | September 30, 2013 |
|
|
| Putnam Dynamic Asset Allocation | 983,625 | 1,801,127 | | September 30, 2013 | 983,625 | 1,801,127 | | September 30, 2013 | Conservative Fund | | | | | | |
|
|
| Putnam Dynamic Asset Allocation Equity Fund | 54,751 | Not Applicable | | May 31, 2013 | 54,751 | Not Applicable | | May 31, 2013 |
|
|
| Putnam Dynamic Asset Allocation Growth Fund | 2,779,339 | 5,723,210 | | September 30, 2013 | 2,779,339 | 5,723,210 | | September 30, 2013 |
|
|
| Putnam Dynamic Risk Allocation Fund | 385,754 | 271,846 | | May 31, 2013 | 385,754 | 271,846 | | May 31, 2013 |
|
|
| Putnam Emerging Markets Equity Fund | 92,752 | 107,376 | | August 31, 2013 | 92,752 | 107,376 | | August 31, 2013 |
|
|
| Putnam Emerging Markets Income Fund(1) | 2,714 | 4,981 | | May 31, 2013 | | Putnam Emerging Markets IncomeFund(1) | | 2,714 | 4,981 | | May 31, 2013 |
|
|
| Putnam Equity Income Fund | 10,469,811 | 8,984,723 | | November 30, 2012 | 10,469,811 | 8,984,723 | | November 30, 2012 |
|
|
| Putnam Equity Spectrum Fund | 2,066,253 | 1,597,709 | | April 30, 2013 | 2,066,253 | 1,597,709 | | April 30, 2013 |
|
|
| Putnam Europe Equity Fund | 449,126 | 423,779 | | June 30, 2013 | 449,126 | 423,779 | | June 30, 2013 |
|
|
| Putnam Floating Rate Income Fund | 726,430 | 1,482,887 | | February 28, 2013 | 726,430 | 1,482,887 | | February 28, 2013 |
|
|
| The Putnam Fund for Growth and Income | 13,957,474 | 12,133,902 | | October 31, 2012 | 13,957,474 | 12,133,902 | | October 31, 2012 |
|
|
| The George Putnam Fund of Boston | 2,152,977 | 3,521,984 | | July 31, 2013 | 2,152,977 | 3,521,984 | | July 31, 2013 | (d/b/a George Putnam Balanced Fund) | | | | | | |
|
|
| Putnam Global Consumer Fund | 40,219 | 50,481 | | August 31, 2013 | 40,219 | 50,481 | | August 31, 2013 |
|
|
| Putnam Global Dividend Fund(2) | 2,985 | 2,853 | | May 31, 2013 | | Putnam Global DividendFund(2) | | 2,985 | 2,853 | | May 31, 2013 |
|
|
| Putnam Global Energy Fund | 52,089 | 73,964 | | August 31, 2013 | 52,089 | 73,964 | | August 31, 2013 |
|
|
| Putnam Global Equity Fund | 2,433,373 | 2,189,632 | | October 31, 2012 | 2,433,373 | 2,189,632 | | October 31, 2012 |
|
|
| Putnam Global Financials Fund | 40,663 | 62,452 | | August 31, 2013 | 40,663 | 62,452 | | August 31, 2013 |
|
|
| Putnam Global Health Care Fund | 3,031,137 | 3,118,533 | | August 31, 2013 | 3,031,137 | 3,118,533 | | August 31, 2013 |
|
|
| Putnam Global Income Trust | 522,094 | 1,157,214 | | October 31, 2012 | 522,094 | 1,157,214 | | October 31, 2012 |
|
|
| Putnam Global Industrials Fund | 33,099 | 35,260 | | August 31, 2013 | 33,099 | 35,260 | | August 31, 2013 |
|
|
| Putnam Global Natural Resources Fund | 850,290 | 991,706 | | August 31, 2013 | 850,290 | 991,706 | | August 31, 2013 |
|
|
| Putnam Global Sector Fund | Not Applicable | 8,006 | | October 31, 2012 | Not Applicable | 8,006 | | October 31, 2012 |
|
|
| Putnam Global Technology Fund | 32,790 | 43,561 | | August 31, 2013 | 32,790 | 43,561 | | August 31, 2013 |
|
|
| Putnam Global Telecommunications Fund | 44,498 | 45,928 | | August 31, 2013 | 44,498 | 45,928 | | August 31, 2013 |
|
|
| Putnam Global Utilities Fund | 577,589 | 595,793 | | August 31, 2013 | 577,589 | 595,793 | | August 31, 2013 |
|
|
| Putnam Growth Opportunities Fund | | 995,372 | 1,123,646 | | July 31, 2013 |
| |
| Putnam High Income Securities Fund | | 74,282 | Not Applicable | | August 31, 2013 |
| |
| Putnam High Yield Advantage Fund | | 1,418,455 | 2,591,252 | | November 30, 2012 |
| |
| Putnam High Yield Trust | | 2,160,229 | 3,883,592 | | August 31, 2013 |
| |
| Putnam Income Fund | | 2,049,795 | 5,031,437 | | October 31, 2012 |
| |
| Putnam Intermediate-Term Municipal | | 955 | 5,324 | | May 31, 2013 | IncomeFund(2) | | | | |
| |
| Putnam International Capital Opportunities Fund | | 2,317,412 | 2,507,276 | | August 31, 2013 |
| |
|
| | Fees paid to Putnam Investor | Fees paid to Putnam Retail | | | Fees paid to Putnam Investor | Fees paid to Putnam Retail | | | | Services, Inc. for serving as investor | Management Limited Partnership | | | Services, Inc. for serving as investor | Management Limited Partnership | | | Fund | servicing agent ($) | pursuant to distribution plans ($) | | Fiscal Year End | servicing agent ($) | pursuant to distribution plans ($) | | Fiscal Year End |
| | Putnam Growth Opportunities Fund | 995,372 | 1,123,646 | | July 31, 2013 | |
| | Putnam High Income Securities Fund | 74,282 | Not Applicable | | August 31, 2013 | |
| | Putnam High Yield Advantage Fund | 1,418,455 | 2,591,252 | | November 30, 2012 | |
| | Putnam High Yield Trust | 2,160,229 | 3,883,592 | | August 31, 2013 | |
| | Putnam Income Fund | 2,049,795 | 5,031,437 | | October 31, 2012 | |
| | Putnam Intermediate-Term Municipal | 955 | 5,324 | | May 31, 2013 | | Income Fund(3) | | | | |
| | Putnam International Capital Opportunities Fund | 2,317,412 | 2,507,276 | | August 31, 2013 | |
|
|
| Putnam International Equity Fund | 2,734,529 | 2,982,174 | | June 30, 2013 | 2,734,529 | 2,982,174 | | June 30, 2013 |
|
|
| Putnam International Growth Fund | 925,166 | 963,671 | | September 30, 2013 | 925,166 | 963,671 | | September 30, 2013 |
|
|
| Putnam International Value Fund | 578,981 | 643,799 | | June 30, 2013 | 578,981 | 643,799 | | June 30, 2013 |
|
|
| Putnam Investors Fund | 3,945,540 | 4,123,230 | | July 31, 2013 | 3,945,540 | 4,123,230 | | July 31, 2013 |
|
|
| Putnam Low Volatility Equity Fund(4) | 16,338 | 3,416 | | July 31, 2013 | | Putnam Low Volatility EquityFund(3) | | 16,338 | 3,416 | | July 31, 2013 |
|
|
| Putnam Managed Municipal Income Trust | 224,508 | Not Applicable | | October 31, 2012 | 224,508 | Not Applicable | | October 31, 2012 |
|
|
| Putnam Massachusetts Tax Exempt Income Fund | 186,287 | 1,266,527 | | May 31, 2013 | 186,287 | 1,266,527 | | May 31, 2013 |
|
|
| Putnam Master Intermediate Income Trust | 181,604 | Not Applicable | | September 30, 2013 | 181,604 | Not Applicable | | September 30, 2013 |
|
|
| Putnam Michigan Tax Exempt Income Fund | 35,720 | 205,297 | | May 31, 2013 | 35,720 | 205,297 | | May 31, 2013 |
|
|
| Putnam Minnesota Tax Exempt Income Fund | 52,934 | 412,305 | | May 31, 2013 | 52,934 | 412,305 | | May 31, 2013 |
|
|
| Putnam Money Market Fund | 2,431,979 | 425,507 | | September 30, 2013 | 2,431,979 | 425,507 | | September 30, 2013 |
|
|
| Putnam Money Market Liquidity Fund | 274,809 | Not Applicable | | September 30, 2013 | 274,809 | Not Applicable | | September 30, 2013 |
|
|
| Putnam Multi-Cap Core Fund | 29,641 | 24,828 | | April 30, 2013 | 29,641 | 24,828 | | April 30, 2013 |
|
|
| Putnam Multi-Cap Growth Fund | 9,165,534 | 9,170,915 | | June 30, 2013 | 9,165,534 | 9,170,915 | | June 30, 2013 |
|
|
| Putnam Multi-Cap Value Fund | 1,061,869 | 1,124,173 | | April 30, 2013 | 1,061,869 | 1,124,173 | | April 30, 2013 |
|
|
| Putnam Municipal Opportunities Trust | 287,190 | Not Applicable | | April 30, 2013 | 287,190 | Not Applicable | | April 30, 2013 |
|
|
| Putnam New Jersey Tax Exempt Income Fund | 126,721 | 945,333 | | May 31, 2013 | 126,721 | 945,333 | | May 31, 2013 |
|
|
| Putnam New York Tax Exempt Income Fund | 559,525 | 3,228,628 | | November 30, 2012 | 559,525 | 3,228,628 | | November 30, 2012 |
|
|
| Putnam Ohio Tax Exempt Income Fund | 71,085 | 471,618 | | May 31, 2013 | 71,085 | 471,618 | | May 31, 2013 |
|
|
| Putnam Pennsylvania Tax Exempt Income Fund | 109,650 | 856,749 | | May 31, 2013 | 109,650 | 856,749 | | May 31, 2013 |
|
|
| Putnam Premier Income Trust | 419,291 | Not Applicable | | July 31, 2013 | 419,291 | Not Applicable | | July 31, 2013 |
|
|
| Putnam Research Fund | 617,716 | 708,536 | | July 31, 2013 | 617,716 | 708,536 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2055 Fund | Not Applicable | 2,084 | | July 31, 2013 | Not Applicable | 2,084 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2050 Fund | Not Applicable | 20,407 | | July 31, 2013 | Not Applicable | 20,407 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2045 Fund | Not Applicable | 27,735 | | July 31, 2013 | Not Applicable | 27,735 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2040 Fund | Not Applicable | 45,849 | | July 31, 2013 | Not Applicable | 45,849 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2035 Fund | Not Applicable | 63,058 | | July 31, 2013 | Not Applicable | 63,058 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2030 Fund | Not Applicable | 89,845 | | July 31, 2013 | Not Applicable | 89,845 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2025 Fund | Not Applicable | 99,893 | | July 31, 2013 | Not Applicable | 99,893 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2020 Fund | Not Applicable | 100,877 | | July 31, 2013 | Not Applicable | 100,877 | | July 31, 2013 |
|
|
| Putnam RetirementReady 2015 Fund | Not Applicable | 72,362 | | July 31, 2013 | Not Applicable | 72,362 | | July 31, 2013 |
|
|
| Putnam Retirement Income Fund Lifestyle 1 | Not Applicable | 59,318 | | July 31, 2013 | Not Applicable | 59,318 | | July 31, 2013 |
|
|
| Putnam Retirement Income Fund Lifestyle 2 | 9,728 | 31,979 | | August 31, 2013 | 9,728 | 31,979 | | August 31, 2013 |
|
|
| Putnam Retirement Income Fund Lifestyle 3 | 21,649 | 65,239 | | February 28, 2013 | 21,649 | 65,239 | | February 28, 2013 |
|
|
| Putnam Short Duration Income Fund | 154,282 | 580,555 | | July 31, 2013 | 154,282 | 580,555 | | July 31, 2013 |
|
|
| Putnam Short Term Investment Fund(5) | 112,958 | Not Applicable | | July 31, 2013 | | Putnam Short Term InvestmentFund(4) | | 112,958 | Not Applicable | | July 31, 2013 |
|
|
| Putnam Short-Term Municipal Income Fund(6) | 985 | 5,862 | | May 31, 2013 | | Putnam Short-Term Municipal IncomeFund(2) | | 985 | 5,862 | | May 31, 2013 |
|
|
| Putnam Small Cap Growth Fund | 332,286 | 341,912 | | June 30, 2013 | 332,286 | 341,912 | | June 30, 2013 |
|
|
| Putnam Small Cap Value Fund | 469,224 | 458,195 | | February 28, 2013 | 469,224 | 458,195 | | February 28, 2013 |
|
|
| Putnam Strategic Volatility Equity Fund(7) | 3,527 | 2,959 | | July 31, 2013 | | Putnam Strategic Volatility EquityFund(3) | | 3,527 | 2,959 | | July 31, 2013 |
|
|
| Putnam Tax Exempt Income Fund | 549,225 | 2,912,181 | | September 30, 2013 | 549,225 | 2,912,181 | | September 30, 2013 |
|
|
| Putnam Tax Exempt Money Market Fund | 19,922 | Not Applicable | | September 30, 2013 | 19,922 | Not Applicable | | September 30, 2013 |
|
|
| Putnam Tax-Free High Yield Fund | 517,186 | 3,215,051 | | July 31, 2013 | 517,186 | 3,215,051 | | July 31, 2013 |
|
|
| Putnam U.S. Government Income Trust | 2,238,654 | 4,855,700 | | September 30, 2013 | 2,238,654 | 4,855,700 | | September 30, 2013 |
|
|
| Putnam Voyager Fund | 9,959,646 | 10,206,694 | | July 31, 2013 | 9,959,646 | 10,206,694 | | July 31, 2013 |
|
|
| Putnam VT Absolute Return 500 Fund | | 15,327 | 13,504 | | December 31, 2012 |
| |
| Putnam VT American Government Income Fund | | 124,811 | 113,728 | | December 31, 2012 |
| |
| Putnam VT Capital Opportunities Fund | | 32,613 | 38,691 | | December 31, 2012 |
| |
| Putnam VT Diversified Income Fund | | 455,496 | 803,452 | | December 31, 2012 |
| |
| Putnam VT Equity Income Fund | | 372,500 | 479,082 | | December 31, 2012 |
| |
| Putnam VT George Putnam Balanced Fund | | 178,912 | 237,259 | | December 31, 2012 |
| |
| Putnam VT Global Asset Allocation Fund | | 211,766 | 181,133 | | December 31, 2012 |
| |
| Putnam VT Global Equity Fund | | 197,937 | 56,231 | | December 31, 2012 |
| |
|
| | Fees paid to Putnam Investor | Fees paid to Putnam Retail | | | Fees paid to Putnam Investor | Fees paid to Putnam Retail | | | | Services, Inc. for serving as investor | Management Limited Partnership | | | Services, Inc. for serving as investor | Management Limited Partnership | | | Fund | servicing agent ($) | pursuant to distribution plans ($) | | Fiscal Year End | servicing agent ($) | pursuant to distribution plans ($) | | Fiscal Year End |
| | Putnam VT Absolute Return 500 Fund | 15,327 | 13,504 | | December 31, 2012 | |
| | Putnam VT American Government Income Fund | 124,811 | 113,728 | | December 31, 2012 | |
| | Putnam VT Capital Opportunities Fund | 32,613 | 38,691 | | December 31, 2012 | |
| | Putnam VT Diversified Income Fund | 455,496 | 803,452 | | December 31, 2012 | |
| | Putnam VT Equity Income Fund | 372,500 | 479,082 | | December 31, 2012 | |
| | Putnam VT George Putnam Balanced Fund | 178,912 | 237,259 | | December 31, 2012 | |
| | Putnam VT Global Asset Allocation Fund | 211,766 | 181,133 | | December 31, 2012 | |
| | Putnam VT Global Equity Fund | 197,937 | 56,231 | | December 31, 2012 | |
|
|
| Putnam VT Global Health Care Fund | 104,692 | 157,866 | | December 31, 2012 | 104,692 | 157,866 | | December 31, 2012 |
|
|
| Putnam VT Global Utilities Fund | 114,260 | 42,192 | | December 31, 2012 | 114,260 | 42,192 | | December 31, 2012 |
|
|
| Putnam VT Growth and Income Fund | 1,172,592 | 540,070 | | December 31, 2012 | 1,172,592 | 540,070 | | December 31, 2012 |
|
|
| Putnam VT Growth Opportunities Fund | 25,747 | 33,591 | | December 31, 2012 | 25,747 | 33,591 | | December 31, 2012 |
|
|
| Putnam VT High Yield Fund | 398,642 | 248,864 | | December 31, 2012 | 398,642 | 248,864 | | December 31, 2012 |
|
|
| Putnam VT Income Fund | 389,582 | 377,821 | | December 31, 2012 | 389,582 | 377,821 | | December 31, 2012 |
|
|
| Putnam VT International Equity Fund | 417,980 | 747,168 | | December 31, 2012 | 417,980 | 747,168 | | December 31, 2012 |
|
|
| Putnam VT International Growth Fund | 56,153 | 43,960 | | December 31, 2012 | 56,153 | 43,960 | | December 31, 2012 |
|
|
| Putnam VT International Value Fund | 109,902 | 93,372 | | December 31, 2012 | 109,902 | 93,372 | | December 31, 2012 |
|
|
| Putnam VT Investors Fund | 231,161 | 381,449 | | December 31, 2012 | 231,161 | 381,449 | | December 31, 2012 |
|
|
| Putnam VT Money Market Fund | 230,201 | 304,737 | | December 31, 2012 | 230,201 | 304,737 | | December 31, 2012 |
|
|
| Putnam VT Multi-Cap Growth Fund | 670,065 | 381,426 | | December 31, 2012 | 670,065 | 381,426 | | December 31, 2012 |
|
|
| Putnam VT Multi-Cap Value Fund | 34,664 | 27,164 | | December 31, 2012 | 34,664 | 27,164 | | December 31, 2012 |
|
|
| Putnam VT Research Fund | 55,333 | 80,031 | | December 31, 2012 | 55,333 | 80,031 | | December 31, 2012 |
|
|
| Putnam VT Small Cap Value Fund | 223,879 | 411,849 | | December 31, 2012 | 223,879 | 411,849 | | December 31, 2012 |
|
|
| Putnam VT Voyager Fund | 808,599 | 501,396 | | December 31, 2012 | 808,599 | 501,396 | | December 31, 2012 |
|
|
|
(1) Putnam Emerging Markets Income FundThe fund has not completed a full fiscal year of operations. Amounts represent fees for the period March 27, 2013 (commencement of operations) to the semi-annual period ended May 31, 2013. (2) Putnam Global Dividend FundThe fund has not completed a full fiscal year of operations. Amounts represent fees for the period March 18, 2013 (commencement of operations) to the semi-annual period ended May 31, 2013. (3) Putnam Intermediate-Term Municipal Income FundThe fund has not completed a full fiscal year of operations. Amounts represent fees for the period March 18, 2013 (commencement of operations) to the semi-annual period ended May 31, 2013. (4) The amounts for Putnam Low Volatility Equity Fund represent fees for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(5)(4) The amounts for Putnam Short Term Investment Fundfund has not completed a full fiscal year of operations. Amounts represent fees for the period February 19, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
(6) Putnam Short-Term Municipal Income Fund has not completed a full fiscal year of operations. Amounts represent fees for the period March 18, 2013 (commencement of operations) to the semi-annual period ended May 31, 2013.
(7) The amounts for Putnam Strategic Volatility Equity Fund represent fees for the period March 18, 2013 (commencement of operations) to the fiscal period ended July 31, 2013.
Appendix LK — 5% Beneficial Ownership As of September 30, 2013, to the knowledge of the Putnam funds, no person owned beneficially or of record 5% or more of any class of shares of any Putnam fund, except as shown in the tables below. Additional ownership information for the Putnam closed-end funds is shown separately at the end of this Appendix L.K. | | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Absolute Return 100 Fund | | | A | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 2,613,485 | 16.68% |
| A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 1,346,996 | 8.60% |
| A | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 1,220,382 | 7.79% |
| A | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 3,093,515 | 19.74% |
| A | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 805,814 | 5.14% |
| A | Raymond James | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 868,868 | 5.55% |
| B | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 36,356 | 11.90% |
| B | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 77,838 | 25.47% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 31,686 | 10.37% |
| B | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 21,236 | 6.95% |
| C | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 591,198 | 19.22% |
| C | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 470,151 | 15.28% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 414,261 | 13.46% |
| C | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 342,414 | 11.13% |
| M | Marie C. Franklin | | | | 683 RT 579 | | | | Pittstown, NJ 08867 | 69,814 | 27.36% |
| M | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 39,517 | 15.48% |
| M | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 38,545 | 15.10% |
| M | Cetera Investment Services | | | | FBO — Karl A. Copenhafer | | | | 400 First Street So. Suite 300 | | | | PO Box 283 | | | | St. Cloud, MN 56302-0283 | 19,942 | 7.81% |
| R | MG Trust Company | | | | FBO — Mid State Oil Tools, Inc. | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 8,644 | 29.00% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Absolute Return 100 Fund | | | A | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 2,613,485 | 16.68% |
| A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 1,346,996 | 8.60% |
| A | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 1,220,382 | 7.79% |
| A | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 3,093,515 | 19.74% |
| A | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 805,814 | 5.14% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | R | MG Trust Company | | | | FBO — Stephen Burke, D.D.S., M.S. Inc. | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 4,507 | 15.12% |
| R | MG Trust Company | | | | FBO — Allergy Diagnostics | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 2,848 | 9.56% |
| R | MG Trust Company | | | | FBO — Nathan Bining, MD PLLC | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 2,883 | 9.67% |
| R | MG Trust Company | | | | FBO — P. Nathaniel Boe | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 2,445 | 8.20% |
| R | MG Trust Company | | | | FBO — Dramatic AudioPost, Inc. | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 2,849 | 9.56% |
| R | MG Trust Company | | | | FBO — Alexandre Boudnik | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 1,578 | 5.29% |
| R5 | Putnam LLC | | | | One Post Office Square | | | | Boston, MA 02109 | 997 | 100.00% |
| R6 | Great-West Trust Company — | | | | The Putnam Retirement Plan | | | | 8515 E. Orchard Rd, #2T2 | | | | Greenwood Village, CO 80111-5002 | 46,949 | 97.92% |
| Y | Merrill Lynch | | | | 4800 Deer Lake Dr. E., FL 3 | | | | Jacksonville, FL 32246-6484 | 1,376,484 | 18.73% |
| Y | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 832,978 | 11.33% |
| Y | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 485,673 | 6.61% |
| Y | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 7399-0001 | 818,387 | 11.13% |
| Y | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 80,406 | 10.97% |
| Y | Raymond James | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 848,841 | 11.55% |
| Y | LPL Financial | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121 | 416,752 | 5.67% |
| Putnam Absolute Return 300 Fund | | | A | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310 | 6,258,917 | 13.61% |
| A | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 7,935,098 | 17.26% |
| A | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 5,114,487 | 11.13% |
| A | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 2,655,529 | 5.78% |
| A | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 2,877,584 | 6.26% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 198,055 | 16.23% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| A | Raymond James | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 868,868 | 5.55% |
| B | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 36,356 | 11.90% |
| B | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 77,838 | 25.47% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 31,686 | 10.37% |
| B | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 21,236 | 6.95% |
| C | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 591,198 | 19.22% |
| C | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 470,151 | 15.28% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 414,261 | 13.46% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Absolute Return 300 Fund (cont.) | | | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 163,943 | 13.43% | |
| | B | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310 | 124,500 | 10.20% | |
| | B | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 124,270 | 10.18% | |
| | Putnam Absolute Return 100 Fund (cont.) | | Putnam Absolute Return 100 Fund (cont.) | | C | MLPF&S | | | National Financial Services, LLC | | | | 4800 Deer Lake Dr., E. FL 3 | | | 499 Washington Blvd | | | | Jacksonville, FL 32246-6484 | 2,633,758 | 16.47% | Jersey City, NJ 07310-2010 | 342,414 | 11.13% |
| C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 2,650,266 | 16.57% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 1,805,565 | 11.29% | |
| | C | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 1,708,614 | 10.68% | |
| | C | UBS WM USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 884,635 | 5.53% | |
| | C | LPL Financial | | | | M | | Marie C. Franklin | | | | 9785 Towne Centre Dr. | | | 683 RT 579 | | | | San Diego, CA 92121 | 1,124,981 | 7.03% | Pittstown, NJ 08867 | 69,814 | 27.36% |
| M | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 249,991 | 24.00% | Jersey City, NJ 07311 | 39,517 | 15.48% |
| M | National Financial Services, LLC | | | National Financial Services, LLC | | | | 499 Washington BLvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 212,590 | 20.41% | Jersey City, NJ 07310-2010 | 38,545 | 15.10% |
| M | Wells Fargo Advisors | | | Cetera Investment Services | | | | 2801 Market St. | | | FBO — Karl A. Copenhafer | | | | St. Louis, MO 63103-2523 | 52,337 | 5.02% | 400 First Street So. Suite 300 | | |
|
| PO Box 283 | | | | | St. Cloud, MN 56302-0283 | 19,942 | 7.81% |
| |
| R | TD Ameritrade TRCO | | | MG Trust Company | | | | | FBO — Mid State Oil Tools, Inc. | | | | PO Box 17748 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80217-0748 | 12,445 | 17.23% | Denver, CO 80202-3304 | 8,644 | 29.00% |
| R | MG Trust Company | | | MG Trust Company | | | | FBO — Technology Advancements, Inc. | | FBO — Stephen Burke, D.D.S., M.S. Inc. | | | 70 17th St, Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 11,283 | 15.63% | Denver, CO 80202-3531 | 4,507 | 15.12% |
| R | Pershing, LLC | | | MG Trust Company | | | | 1 Pershing Plaza | | | FBO — Allergy Diagnostics | | | | Jersey City, NJ 07399-0001 | 7,356 | 10.19% | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3304 | 2,848 | 9.56% |
| |
| R | NFS, LLC | | | MG Trust Company | | | | FBO — State Street Bank & Trust TTEE / | | FBO — Nathan Bining, MD PLLC | | | | Waste Management Retirement Savings | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3304 | 2,883 | 9.67% |
| |
| R | | MG Trust Company | | | | Plan / Mel Panko | | | FBO — P. Nathaniel Boe | | | | 901 Eddystone Circle | | | 700 17th St., Ste. 300 | | | | Naperville, IL 60565-6113 | 5,519 | 7.64% | Denver, CO 80202-3304 | 2,445 | 8.20% |
| R | MG Trust Company | | | MG Trust Company | | | | FBO — J2 Trading, Inc. | | | FBO — Dramatic AudioPost, Inc. | | | | 717 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3304 | 5,289 | 7.32% | Denver, CO 80202-3304 | 2,849 | 9.56% |
| R | MG Trust Company | | | MG Trust Company | | | | FBO — Carolyn Gilbert Enterprises, LLC | | FBO — Alexandre Boudnik | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 4,998 | 6.92% | Denver, CO 80202-3304 | 1,578 | 5.29% |
| R5 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 975 | 100.00% | Boston, MA 02109 | 997 | 100.00% |
| R6 | Great-West Trust Company — | | | Great-West Trust Company — | | | | The Putnam Retirement Plan | | | The Putnam Retirement Plan | | | | 8515 E. Orchard Rd, #2T2 | | | 8515 E. Orchard Rd, #2T2 | | | | Greenwood Village, CO 80111-5002 | 238,417 | 99.59% | Greenwood Village, CO 80111-5002 | 46,949 | 97.92% |
| Y | Merrill Lynch | | | Merrill Lynch | | | | 4800 Deer Lake Dr., E., FL 3 | | | 4800 Deer Lake Dr. E., FL 3 | | | | Jacksonville, FL 32246-6484 | 6,221,918 | 27.66% | Jacksonville, FL 32246-6484 | 1,376,484 | 18.73% |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 832,978 | 11.33% |
| |
| Y | | Wells Fargo Advisors | | | �� | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 485,673 | 6.61% |
| |
| Y | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 7399-0001 | 818,387 | 11.13% |
| |
| Y | | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 80,406 | 10.97% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | | |
| Y | Pershing, LLC | | | Raymond James | | | | 1 Pershing Plaza | | | 880 Carillon Pkwy | | | | Jersey City, NJ 07399-0001 | 2,364,255 | 10.51% | St. Petersburg, FL 33716-1100 | 848,841 | 11.55% |
| Y | Wells Fargo Advisors | | | LPL Financial | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | St. Louis, MO 63103-2523 | 2,274,690 | 10.11% | San Diego, CA 92121 | 416,752 | 5.67% |
| Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 1,835,088 | 8.16% | |
| | Y | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 3,119,431 | 13.87% | |
| | Y | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 1,415,242 | 6.29% | |
| | Y | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121 | 1,152,425 | 5.12% | |
| | Putnam Absolute Return 500 Fund | | | | Putnam Absolute Return 300 Fund | | Putnam Absolute Return 300 Fund | | | A | National Financial Services, LLC | | | National Financial Services, LLC | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 5,181.772 | 15.76% | Jersey City, NJ 07310 | 6,258,917 | 13.61% |
| A | Pershing, LLC | | | UBS WM USA | | | | 1 Pershing Plaza | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07399-0001 | 4,337,273 | 13.18% | Weehawken, NJ 07086-6761 | 7,935,098 | 17.26% |
| A | UBS WM USA | | | Pershing LLC | | | | 1000 Harbor Blvd | | | 1 Pershing Plaza | | | | Weehawken, NJ 07086-6761 | 3,307,378 | 10.06% | Jersey City, NJ 07399-0001 | 5,114,487 | 11.13% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | 2801 Market St. | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 2,419,645 | 7.36% | St. Louis, MO 63103-2523 | 2,655,529 | 5.78% |
| A | MLPF&S | | | MLPF&S | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,703,033 | 5.18% | |
| | B | National Financial Services, LLC | | | | | 499 Washington Blvd | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jersey City, NJ 07310-2010 | 691,576` | 20.89% | Jacksonville, FL 32246-6484 | 2,877,584 | 6.26% |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 464,938 | 14.04% | Jersey City, NJ 07399-0001 | 198,055 | 16.23% |
| B | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | 2801 Market St. | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 404,567 | 12.22% | St. Louis, MO 63103-2523 | 163,943 | 13.43% |
| B | MLPF&S | | | National Financial Services, LLC | | | | 4800 Deer Lake Dr. E., FL 3 | | | 499 Washington Blvd | | | | Jacksonville, FL 32246-6484 | 182,160 | 5.50% | Jersey City, NJ 07310 | 124,500 | 10.20% |
| B | LPL Financial | | | MLPF&S | | | | 9785 Towne Centre Dr. | | | 4800 Deer Lake Dr., E. FL 3 | | | | San Diego, CA 92121-1968 | 202,749 | 6.12% | Jacksonville, FL 32246-6484 | 124,270 | 10.18% |
| C | Pershing, LLC | | | MLPF&S | | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr., E. FL 3 | | | | Jersey City, NJ 07399-0001 | 2,361,297 | 14.26% | Jacksonville, FL 32246-6484 | 2,633,758 | 16.47% |
| C | National Financial Services, LLC | | | Pershing, LLC | | | | 499 Washington Blvd | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310-2010 | 1,970,369 | 11.90% | Jersey City, NJ 07399-0001 | 2,650,266 | 16.57% |
| C | MLPF&S | | | Wells Fargo Advisors | | | | 4800 Deer Lake Dr., E., FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 1,539,593 | 9.30% | St. Louis, MO 63103-2523 | 1,805,565 | 11.29% |
| C | Raymond James | | | National Financial Services, LLC | | | | 880 Carillon Pkwy | | | 499 Washington Blvd | | | | St. Petersburg, FL 33716-1100 | 1,483,380 | 8.96% | Jersey City, NJ 07310-2010 | 1,708,614 | 10.68% |
| C | Morgan Stanley Smith Barney | | | UBS WM USA | | | | Harborside Financial Center | | | 1000 Harbor Blvd | | | | Plaza 2, 3rd Floor | | | Weehawken, NJ 07086-6761 | 884,635 | 5.53% | | Jersey City, NJ 07311 | 1,133,573 | 6.85% |
|
| | C | Wells Fargo Advisors | | | LPL Financial | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | St. Louis, MO 63103-2523 | 1,335,354 | 8.07% | San Diego, CA 92121 | 1,124,981 | 7.03% |
| M | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 249,991 | 24.00% |
| |
| M | | National Financial Services, LLC | | | | | 499 Washington BLvd | | | | | Jersey City, NJ 07310-2010 | 212,590 | 20.41% |
| |
| M | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 52,337 | 5.02% |
| |
| R | | TD Ameritrade TRCO | | | | | PO Box 17748 | | | | | Denver, CO 80217-0748 | 12,445 | 17.23% |
| |
| R | | MG Trust Company | | | | | FBO — Technology Advancements, Inc. | | | | 70 17th St, Ste. 300 | | | | | Denver, CO 80202-3531 | 11,283 | 15.63% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Absolute Return 500 Fund (cont.) | | | M | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 133,988 | 21.34% | |
| | M | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 108,659 | 17.30% | |
| | M | LPL Financial | | | | Putnam Absolute Return 300 Fund (cont.) | | Putnam Absolute Return 300 Fund (cont.) | | R | | Pershing, LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121 | 44,119 | 7.03% | Jersey City, NJ 07399-0001 | 7,356 | 10.19% |
| R | MG Trust Company | | | NFS, LLC | | | | Salina Consolidated Fire District | 14,899 | 7.90% | FBO — State Street Bank & Trust TTEE/ | |
|
| Waste Management Retirement Savings | | R | MG Trust Company | | | | | Watten Discoe Bassett & McMains | | | Plan/Mel Panko | | | | 70017th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 19,667 | 10.42% | |
| | R | TD Ameritrade Trust Company | | | | | PO Box 17748 | | | 901 Eddystone Circle | | | | Denver, CO 80217-0748 | 11,274 | 5.98% | Naperville, IL 60565-6113 | 5,519 | 7.64% |
| R | MG Trust Company | | | MG Trust Company | | | | FBO — Nova Services, Inc. | | | FBO — J2 Trading, Inc. | | | | 700 17th St., Ste. 300 | | | 717 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 10,144 | 5.38% | Denver, CO 80202-3304 | 5,289 | 7.32% |
| R | MG Trust Company | | | MG Trust Company | | | | FBO — Nedrow Fire Department | | | FBO — Carolyn Gilbert Enterprises, LLC | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 802023531 | 10,150 | 5.38% | Denver, CO 80202-3531 | 4,998 | 6.92% |
| R5 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 902 | 100.00% | Boston, MA 02109 | 975 | 100.00% |
| R6 | Great-West Trust Company — | | | Great-West Trust Company — | | | | The Putnam Retirement Plan | | | The Putnam Retirement Plan | | | | 8515 E. Orchard Rd, #2T2 | | | 8515 E. Orchard Rd, #2T2 | | | | Greenwood Village, CO 80111 | 393,965 | 99.77% | Greenwood Village, CO 80111-5002 | 238,417 | 99.59% |
| Y | Merrill Lynch | | | Merrill Lynch | | | | 4800 Deer Lake Dr., E., FL 3 | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 3,771,227 | 19.77% | Jacksonville, FL 32246-6484 | 6,221,918 | 27.66% |
| Y | Morgan Stanley Smith Barney | | | Pershing, LLC | | | | Harborside Financial Center | | | 1 Pershing Plaza | | | | Plaza 2, 3rd Floor | | | Jersey City, NJ 07399-0001 | 2,364,255 | 10.51% | | Jersey City, NJ 07311 | 2,620,877 | 13.74% |
| Y | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 2,274,690 | 10.11% |
| Y | Pershing, LLC | | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | 1 Pershing Plaza | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07399-0001 | 1,724,898 | 9.04% | Jersey City, NJ 07311 | 1,835,088 | 8.16% |
| Y | National Financial Services, LLC | | | National Financial Services, LLC | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 1,825,859 | 9.57% | Jersey City, NJ 07310-2010 | 3,119,431 | 13.87% |
| Y | Wells Fargo Advisors | | | Charles Schwab & Co., Inc. | | | | 2801 Market St. | | | 101 Montgomery St. | | | | St. Louis, MO 63103-2523 | 1,668,820 | 8.75% | San Francisco, CA 94104-4151 | 1,415,242 | 6.29% |
| Y | Charles Schwab & Co., Inc. | | | LPL Financial | | | | 101 Montgomery St. | | | 9785 Towne Centre Dr. | | | | San Francisco, CA 94104-4151 | 1,339,393 | 7.02% | San Diego, CA 92121 | 1,152,425 | 5.12% |
| Putnam Absolute Return 700 Fund | | | | Putnam Absolute Return 500 Fund | | Putnam Absolute Return 500 Fund | | | A | UBS WM USA | | | National Financial Services, LLC | | | | 1000 Harbor Blvd | | | 499 Washington Blvd | | | | Weehawken, NJ 07086-6761 | 1,797,147 | 6.27% | Jersey City, NJ 07310-2010 | 5,181.772 | 15.76% |
| A | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 4,066,013 | 14.19% | Jersey City, NJ 07399-0001 | 4,337,273 | 13.18% |
| A | National Financial Services, LLC | | | UBS WM USA | | | | 499 Washington Blvd | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07310-2010 | 3,757,649 | 13.11% | Weehawken, NJ 07086-6761 | 3,307,378 | 10.06% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | 2801 Market St. | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 1,978,700 | 6.91% | St. Louis, MO 63103-2523 | 2,419,645 | 7.36% |
| A | Charles Schwab & Co., Inc. | | | MLPF&S | | | | 101 Montgomery St. | | | 4800 Deer Lake Dr., E. FL 3 | | | | San Francisco, CA 94104-4151 | 1,835,172 | 6.40% | Jacksonville, FL 32246-6484 | 1,703,033 | 5.18% |
| B | National Financial Services, LLC | | | National Financial Services, LLC | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 468,478 | 19.69% | Jersey City, NJ 07310-2010 | 691,576 | 20.89% |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 464,938 | 14.04% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| B | | Wells Fargo Advisors | | | | | 2801 Market St. | | |
|
| St. Louis, MO 63103-2523 | 404,567 | 12.22% | | |
| B | Pershing, LLC | | | MLPF&S | | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr. E., FL 3 | | | | Jersey City, NJ 07399-0001 | 380,305 | 15.99% | Jacksonville, FL 32246-6484 | 182,160 | 5.50% |
| B | Wells Fargo Advisors | | | LPL Financial | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | St. Louis, MO 63103-2523 | 228,733 | 9.61% | San Diego, CA 92121-1968 | 202,749 | 6.12% |
| C | LPL Financial | | | Pershing, LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121 | 686,629 | 5.47% | Jersey City, NJ 07399-0001 | 2,361,297 | 14.26% |
| C | MLPF&S | | | National Financial Services, LLC | | | | 4800 Deer Lake Dr. E., FL 3 | | | 499 Washington Blvd | | | | Jacksonville, FL 32246-6484 | 1,653,581 | 13.17% | Jersey City, NJ 07310-2010 | 1,970,369 | 11.90% |
| C | Pershing, LLC | | | MLPF&S | | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jersey City, NJ 07399-0001 | 1,770,605 | 14.11% | Jacksonville, FL 32246-6484 | 1,539,593 | 9.30% |
| C | Morgan Stanley Smith Barney | | | Raymond James | | | | Harborside Financial Center | | | 880 Carillon Pkwy | | | | Plaza 2, 3rd Floor | | | St. Petersburg, FL 33716-1100 | 1,483,380 | 8.96% | | Jersey City, NJ 07311 | 1,150,849 | 9.17% |
|
| | C | Wells Fargo Advisors | | | Morgan Stanley Smith Barney | | | | 2801 Market St. | | | Harborside Financial Center | | | | St. Louis, MO 63103-2523 | 1,151,850 | 9.18% | |
| | C | National Financial Services, LLC | | | | | 499 Washington Blvd | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07310-2010 | 1,043,648 | 8.31% | Jersey City, NJ 07311 | 1,133,573 | 6.85% |
| C | UBS WM USA | | | Wells Fargo Advisors | | | | 1000 Harbor Blvd | | | 2801 Market St. | | | | Weehawken, NJ 07086-6761 | 712,153 | 5.67% | St. Louis, MO 63103-2523 | 1,335,354 | 8.07% |
| M | National Financial Services, LLC | | | National Financial Services, LLC | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 85,557 | 21.36% | Jersey City, NJ 07310-2010 | 133,988 | 21.34% |
| M | Stephen M. Schwartz & Valerie B. Schwartz | | Wells Fargo Advisors | | | | 5922 New England Woods Dr. | | | 2801 Market St. | | | | Burke, VA 22015-2910 | 28,033 | 7.00% | St. Louis, MO 63103-2523 | 108,659 | 17.30% |
| M | Wells Fargo Advisors | | | LPL Financial | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | St. Louis, MO 63103-2523 | 22,599 | 5.64% | San Diego, CA 92121 | 44,119 | 7.03% |
| R | Pershing, LLC | | | MG Trust Company | | | | 1 Pershing Plaza | | | Salina Consolidated Fire District | | | | Jersey City, NJ 07399-0001 | 15,713 | 9.06% | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3531 | 14,899 | 7.90% | R | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 29,353 | 16.92% | |
| R | Allied Motion Technologies, Inc. | | | MG Trust Company | | | | MG Trust Company | | | Watten Discoe Bassett & McMains | | | | 700 17th St. Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 28,056 | 16.17% | Denver, CO 80202-3531 | 19,667 | 10.42% |
| R | Pai Trust Company, Inc. | | | TD Ameritrade Trust Company | | | | Tom Vogel Agency Inc. 401k Pension Plan | | | | 1300 Enterprise Dr. | | | PO Box 17748 | | | | De Pere, WI 54115-4934 | 15,539 | 8.96% | Denver, CO 80217-0748 | 11,274 | 5.98% |
| R | Eric Compton / Compton Dental | | | MG Trust Company | | | | Center Retirement 401k Plan | | | FBO — Nova Services, Inc. | | | | 901 Fran Lin Pkwy | | | 700 17th St., Ste. 300 | | | | Munster, IN 46321-3540 | 10,661 | 6.12% | Denver, CO 80202-3531 | 10,144 | 5.38% |
| R | Pai Trust Company, Inc. | | | MG Trust Company | | | | Eliot Lupkin P A 401k Plan | | | FBO — Nedrow Fire Department | | | | 1300 Enterprise Dr. | | | 700 17th St., Ste. 300 | | | | De Pere, WI 54115-4934 | 10,586 | 6.10% | Denver, CO 80202-3531 | 10,150 | 5.38% |
| R5 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 867 | 100.00% | Boston, MA 02109 | 902 | 100.00% |
| R6 | Great-West Trust Company | | | Great-West Trust Company — | | | | 8515 E. Orchard Rd | | | The Putnam Retirement Plan | | | | Greenwood Village, CO 80111-5002 536,544 | 99.84% | 8515 E. Orchard Rd, #2T2 | | |
|
| Greenwood Village, CO 80111 | 393,965 | 99.77% |
| |
| Y | Wells Fargo Advisors | | | Merrill Lynch | | | | 2801 Market St. | | | 4800 Deer Lake Dr., E., FL 3 | | | | St. Louis, MO 63103-2523 | 13,190,955 | 39.57% | Jacksonville, FL 32246-6484 | 3,771,227 | 19.77% |
| Y | Merrill Lynch | | | Morgan Stanley Smith Barney | | | | 4800 Deer Lake Dr., E., FL 3 | | | Harborside Financial Center | | | | Jacksonville, FL 32246-6484 | 5,324,097 | 15.97% | Plaza 2, 3rd Floor | | |
|
| Jersey City, NJ 07311 | 2,620,877 | 13.74% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Absolute Return 700 Fund (cont.) | | | Putnam Absolute Return 500 Fund (cont.) | | Putnam Absolute Return 500 Fund (cont.) | | Y | Morgan Stanley Smith Barney | | | Pershing, LLC | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | 1 Pershing Plaza | | | | Jersey City, NJ 07311 | 3,778,165 | 11.33% | Jersey City, NJ 07399-0001 | 1,724,898 | 9.04% |
| Y | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 1,963,799 | 5.89% | Jersey City, NJ 07310-2010 | 1,825,859 | 9.57% |
| Putnam American Government Income Fund | | | Y | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 1,668,820 | 8.75% |
| |
| Y | | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 1,339,393 | 7.02% |
| |
| Putnam Absolute Return 700 Fund | | Putnam Absolute Return 700 Fund | | | A | MLPFS For The Sole Benefit Of Its Customers | | UBS WM USA | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | 1000 Harbor Blvd | | | | Jacksonville, FL 32246-6484 | 3,336,547 | 5.75% | Weehawken, NJ 07086-6761 | 1,797,147 | 6.27% |
| A | Wells Fargo Advisors | | | Pershing, LLC | | | | Special Custody Acct For The | | | 1 Pershing Plaza | | | | Exclusive Benefit Of Customer | | | Jersey City, NJ 07399-0001 | 4,066,013 | 14.19% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 3,574,077 | 6.16% | |
| | A | MLPFS For The Sole Benefit Of Its Customers | | National Financial Services, LLC | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | 499 Washington Blvd | | | | Jacksonville, FL 32246-6484 | 3,336,547 | 5.75% | Jersey City, NJ 07310-2010 | 3,757,649 | 13.11% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct For The | | | 2801 Market St. | | | | Exclusive Benefit Of Customer | | | St. Louis, MO 63103-2523 | 1,978,700 | 6.91% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 3,574,077 | 6.16% | |
| | B | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | A | | Charles Schwab & Co., Inc. | | | | 4800 Deer Lake Dr., E., FL 3 | | | 101 Montgomery St. | | | | Jacksonville, FL 32246-6484 | 120,747 | 12.02% | San Francisco, CA 94104-4151 | 1,835,172 | 6.40% |
| B | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plz | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 94,823 | 9.44% | Jersey City, NJ 07310-2010 | 468,478 | 19.69% |
| B | Wells Fargo Advisors | | | Pershing, LLC | | | | Special Custody Acct For The | | | 1 Pershing Plaza | | | | Exclusive Benefit Of Customer | | | Jersey City, NJ 07399-0001 | 380,305 | 15.99% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 85,130 | 8.48% | |
| | B | National Financial Services LLC | | | Wells Fargo Advisors | | | | For The Exclusive Benefit Of | | | 2801 Market St. | | | | Our Customers | | | St. Louis, MO 63103-2523 | 228,733 | 9.61% |
| |
| C | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121 | 686,629 | 5.47% |
| |
| C | | MLPF&S | | | | | 4800 Deer Lake Dr. E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,653,581 | 13.17% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,770,605 | 14.11% |
| |
| C | | Morgan Stanley Smith Barney | | | | 499 Washington Blvd | | | Harborside Financial Center | | | | Attn: Mutual Funds Dept 4th Fl | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07310-2010 | 74,875 | 7.46% | Jersey City, NJ 07311 | 1,150,849 | 9.17% |
| C | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plz | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 336,210 | 17.45% | St. Louis, MO 63103-2523 | 1,151,850 | 9.18% |
| C | MLPF&S For The Sole Benefit | | | National Financial Services, LLC | | | | Of Its Customers | | | 499 Washington Blvd | | | | Attn: Fund Administration | | | Jersey City, NJ 07310-2010 | 1,043,648 | 8.31% | | 4800 Deer Lake Dr., E., FL 3 | | |
| | Jacksonville, FL 32246-6484 | 230,435 | 11.96% | |
| | C | National Financial Services LLLC | | | | | For The Exclusive Benefit Of | | | | | Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 199,412 | 10.35% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct For The | | | | | Exclusive Benefit Of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 180,536 | 9.37% | |
| | C | LPL Financial | | | UBS WM USA | | | | 9785 Towne Centre Dr. | | | 1000 Harbor Blvd | | | | San Diego, CA 92121-1968 | 101,599 | 5.27% | Weehawken, NJ 07086-6761 | 712,153 | 5.67% |
| M | LPL Financial | | | National Financial Services, LLC | | | | 9785 Towne Centre Dr. | | | 499 Washington Blvd | | | | San Diego, CA 92121-1968 | 14,048 | 8.58% | Jersey City, NJ 07310-2010 | 85,557 | 21.36% |
| M | | Stephen M. Schwartz & Valerie B. Schwartz | | | | 5922 New England Woods Dr. | | | | | Burke, VA 22015-2910 | 28,033 | 7.00% |
| |
| M | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 22,599 | 5.64% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| R | | Pershing, LLC | | | | | 1 Pershing Plaza | | | M | Philip Arpiarian & Zack Apkarian & Garo Moumdjian Ttees | | | | Jersey City, NJ 07399-0001 | 15,713 | 9.06% |
| |
| R | | Morgan Stanley Smith Barney | | | | Holy Cross Church Endowment Trust | | Harborside Financial Center | | | | U/A Dtd 02/02/1997 | | | Plaza 2, 3rd Floor | | | | 428 Greenmount Ave. | | | Jersey City, NJ 07311 | 29,353 | 16.92% | | Cliffside Pk, NJ 07010-1634 | 25,126 | 15.35% |
| R | | Allied Motion Technologies, Inc. | | |
|
| MG Trust Company | | | M | Charles Schwab & Co Inc | | | | | Clearing Account For The Exclusive | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 28,056 | 16.17% |
| |
| R | | Pai Trust Company, Inc. | | | | Benefit Of Their Customers | | | Tom Vogel Agency Inc. 401k Pension Plan | | | 101 Montgomery St. | | | 1300 Enterprise Dr. | | | | San Francisco, CA 94104-4151 | 21,784 | 13.31% | De Pere, WI 54115-4934 | 15,539 | 8.96% |
| R | State Street Bank Ttee Cust Fbo | | | Eric Compton/Compton Dental | | | | Adp Access | | | Center Retirement 401k Plan | | | | 1 Lincoln St. | | | 901 Fran Lin Pkwy | | | | Boston, MA 02111-2901 | 391,331 | 45.47% | Munster, IN 46321-3540 | 10,661 | 6.12% |
| R | MG Trust Co Cust FBO | | | Pai Trust Company, Inc. | | | | Wegman Hessler And Vanderburg 401k | | Eliot Lupkin P A 401k Plan | | | | 700 17th St Ste 300 | | | 1300 Enterprise Dr. | | | | Denver, CO 80202-3531 | 64,006 | 7.44% | De Pere, WI 54115-4934 | 10,586 | 6.10% |
| R5 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 1,113 | 100% | Boston, MA 02109 | 867 | 100.00% |
| R6 | Great-West Trust Company, LLC | | | Great-West Trust Company | | | | 8515 E. Orchard Road | | | 8515 E. Orchard Rd | | | | Greenwood Village, CO 80111-5002 | 277,146 | 99.43% | Greenwood Village, CO 80111-5002 | 536,544 | 99.84% |
| Y | Merrill Lynch For The Sole Benefit | | | Wells Fargo Advisors | | | | Of Its Customers | | | 2801 Market St. | | | | Attn: Fund Administration | | | St. Louis, MO 63103-2523 | 13,190,955 | 39.57% | | 4800 Deer Lake Dr., E., FL 3 | | |
| | Jacksonville, FL 32246-6484 | 147,813 | 6.21% | |
| | Y | Pershing, LLC | | | Merrill Lynch | | | | 1 Pershing Plz | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jersey City, NJ 07399-0001 | 264,230 | 11.10% | Jacksonville, FL 32246-6484 | 5,324,097 | 15.97% |
| Y | National Financial Services LLC | | | Morgan Stanley Smith Barney | | | | For The Exclusive Benefit Of | | | Harborside Financial Center | | | | Our Customers | | | Plaza 2, 3rd Floor | | | | 499 Washington Blvd | | | Jersey City, NJ 07311 | 3,778,165 | 11.33% | | Attn: Mutual Funds Dept 4th Fl. | | |
| | Jersey City, NJ 07310-2010 | 222,859 | 9.36% | |
| | Y | RBC Capital Markets, LLC | | | Pershing, LLC | | | | 510 Marquette Ave S | | | 1 Pershing Plaza | | | | Minneapolis, MN 55402-1110 | 492,573 | 20.69% | Jersey City, NJ 07399-0001 | 1,963,799 | 5.89% |
| Y | DCGT Trustee/Custodian for | | | | | Principal Financial Group | | | | | 711 High Street | | | | | Des Moines, IA 50322 | 130,581 | 5.49% | |
| | Y* | Mercer Trust Company | 286,861 | 12.05% | |
| | Putnam AMT-Free Municipal Fund | | | | A | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 4,325,213 | 18.48% | |
| | Putnam American Government Income Fund | | Putnam American Government Income Fund | | A | National Financial Services LLC | | | MLPFS For The Sole Benefit Of Its Customers | | | 200 Liberty Street, 5th Floor | | | Attn: Fund Administration | | | | One World Financial Center | | | 4800 Deer Lake Dr., E., FL 3 | | | | New York, NY 10281-5503 | 1,761,597 | 7.53% | Jacksonville, FL 32246-6484 | 3,336,547 | 5.75% |
| A | Merrill, Lynch, Pierce Fenner & Smith | | Wells Fargo Advisors | | | | 4800 Deer Lake Dr., E., FL 3 | | | Special Custody Acct For The | | | | Jacksonville, FL 32246-6484 | 2,997,595 | 12.81% | Exclusive Benefit Of Customer | | |
|
| 2801 Market St. | | | A | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | Saint Louis, MO 63103-2523 | 3,574,077 | 6.16% | | Jersey City, NJ 07311 | 1,683,606 | 7.19% |
|
| | A | Pershing LLC | | | | B | | MLPF&S For The Sole Benefit | | | | P.O. Box 2052 | | | Of Its Customers | | | | Jersey City, NJ 07303-2052 | 1,316,643 | 5.63% | Attn: Fund Administration | | |
| | A | Edward D. Jones & Co. | | | | | 201 Progress Parkway | | | 4800 Deer Lake Dr., E., FL 3 | | | | Maryland, Heights, MO 63043-3009 1,441,609 | 6.16% | Jacksonville, FL 32246-6484 | 120,747 | 12.02% |
| B | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market Street | | | 1 Pershing Plz | | | | Saint Louis, MO 63103 | 77,585 | 37.71% | Jersey City, NJ 07399-0001 | 94,823 | 9.44% |
| B | Pershing LLC | | | Wells Fargo Advisors | | | | P.O. Box 2052 | | | Special Custody Acct For The | | | | Jersey City, NJ 07303-2052 | 36,733 | 15.01% | Exclusive Benefit Of Customer | | |
|
| 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 85,130 | 8.48% |
| |
| B | | National Financial Services LLC | | | | | For The Exclusive Benefit Of | | | | | Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 74,875 | 7.46% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam AMT-Free Municipal Fund (cont.) | | | | B | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 23,940 | 9.79% | |
| | B | Merrill, Lynch, Pierce Fenner & Smith | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 12,755 | 5.21% | |
| | B | Raymond James | | | | | Attn: Courtney Waller | | | | | 880 Carillon Parkway | | | | | St. Petersburg, FL 33716 | 14,250 | 5.82% | |
| | B | RBC Capital Markets, LLC | | | | Putnam American Government Income Fund (cont.) | | Putnam American Government Income Fund (cont.) | | C | | Pershing, LLC | | | | 510 Marquette Ave S | | | 1 Pershing Plz | | | | Minneapolis, MN 55402-1110 | 17,211 | 7.03% | Jersey City, NJ 07399-0001 | 336,210 | 17.45% |
| C | National Financial Services LLC | | | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | 200 Liberty Street, 5th Floor | | | Attn: Fund Administration | | | | One World Financial Center | | | 4800 Deer Lake Dr., E., FL 3 | | | | New York, NY 10281-5503 | 547,051 | 25.03% | Jacksonville, FL 32246-6484 | 230,435 | 11.96% |
| C | LPL Financial | | | National Financial Services LLLC | | | | Attn: Lindsay O’Toole | | | For The Exclusive Benefit Of | | | | 9785 Towne Center Drive | | | Our Customers | | | | San Diego, CA 92121-1968 | 157,663 | 7.21% | 499 Washington Blvd | | |
|
| Attn: Mutual Funds Dept 4th Fl. | | | C | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 329,965 | 15.10% | Jersey City, NJ 07310-2010 | 199,412 | 10.35% |
| C | Merrill, Lynch, Pierce Fenner & Smith | | | Wells Fargo Advisors | | | | 4800 Deer Lake Dr., E., FL 3 | | | Special Custody Acct For The | | | | Jacksonville, FL 32246-6484 | 213,863 | 9.79% | |
| | C | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 174,645 | 7.99% | |
| | C | UBS WM USA | | | | | Attn: Department Manager | | | Exclusive Benefit Of Customer | | | | 1000 Harbor Blvd | | | 2801 Market St. | | | | Weehawken, NJ 07086 | 128,244 | 5.87% | Saint Louis, MO 63103-2523 | 180,536 | 9.37% |
| C | Morgan Stanley Smith Barney | | | LPL Financial | | | | Plaza 2, 3rd Floor | | | 9785 Towne Centre Dr. | | | | Jersey City, NJ 07311 | 165,115 | 7.55% | San Diego, CA 92121-1968 | 101,599 | 5.27% |
| M | Pershing LLC | | | LPL Financial | | | | P.O. Box 2052 | | | 9785 Towne Centre Dr. | | | | Jersey City, NJ 07303-2052 | 12,709 | 17.11% | San Diego, CA 92121-1968 | 14,048 | 8.58% |
| M | National Financial Services LLC | | | Philip Arpiarian & Zack Apkarian & Garo Moumdjian Ttees | | 200 Liberty Street, 5th Floor | | | Holy Cross Church Endowment Trust | | | | One World Financial Center | | | U/A Dtd 02/02/1997 | | | | New York, NY 10281-5503 | 32,248 | 43.42% | 428 Greenmount Ave. | | |
|
| Cliffside Pk, NJ 07010-1634 | 25,126 | 15.35% |
| |
| M | Joan M. Novak & Eugene S. Novak | | | Charles Schwab & Co Inc | | | | 2091 E Parkview Circle | | | Clearing Account For The Exclusive | | | | Hoffman Estates, IL 60169-2644 | 6,291 | 8.47% | Benefit Of Their Customers | | |
|
| 101 Montgomery St. | | | M | Morgan Stanley Smith Barney | | | | | | San Francisco, CA 94104-4151 | 21,784 | 13.31% |
| |
| R | | State Street Bank Ttee Cust Fbo | | | | | Adp Access | | | | | 1 Lincoln St. | | | | | Boston, MA 02111-2901 | 391,331 | 45.47% |
| |
| R | | MG Trust Co Cust FBO | | | | | Wegman Hessler And Vanderburg 401k | | | | 700 17th St Ste 300 | | | | | Denver, CO 80202-3531 | 64,006 | 7.44% |
| |
| R5 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,113 | 100% |
| |
| R6 | | Great-West Trust Company, LLC | | | | Plaza 2, 3rd Floor | | | 8515 E. Orchard Road | | | | Jersey City, NJ 07311 | 6,499 | 8.75% | Greenwood Village, CO 80111-5002 | 277,146 | 99.43% |
| Y | Wells Fargo Advisors | | | Merrill Lynch For The Sole Benefit | | | | 2801 Market Street | | | Of Its Customers | | | | Saint Louis, MO 63103 | 528,439 | 29.66% | Attn: Fund Administration | | |
| | Y | Merrill, Lynch, Pierce Fenner & Smith | | | | | 4800 Deer Lake Dr., E., FL 3 | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 417,549 | 23.44% | Jacksonville, FL 32246-6484 | 147,813 | 6.21% |
| Y | Morgan Stanley Smith Barney | | | Pershing, LLC | | | | Plaza 2, 3rd Floor | | | 1 Pershing Plz | | | | Jersey City, NJ 07311 | 365,205 | 20.50% | Jersey City, NJ 07399-0001 | 264,230 | 11.10% |
| Y | National Financial Services LLC | | | National Financial Services LLC | | | | 200 Liberty Street, 5th Floor | | | For The Exclusive Benefit Of | | | | One World Financial Center | | | Our Customers | | | | New York, NY 10281-5503 | 227,471 | 12.77% | 499 Washington Blvd | | |
|
| Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 222,859 | 9.36% |
| |
| Y | Raymond James | | | RBC Capital Markets, LLC | | | | 880 Carillon Pkwy | | | 510 Marquette Ave S | | | | St. Petersburg, FL 33716-1100 | 111,138 | 6.24% | Minneapolis, MN 55402-1110 | 492,573 | 20.69% |
| Y | | DCGT Trustee/Custodian for | | | | | Principal Financial Group | | | | | 711 High Street | | | | | Des Moines, IA 50322 | 130,581 | 5.49% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Arizona Tax Exempt Income Fund | | | | A | Edward D Jones & Co | | | | Y* | | IBEW Local Union 126 | | | | For the Benefit of Customers | | | Retirement Plan | 286,861 | 12.05% | | 12555 Manchester Rd. | | |
| | Saint Louis, MO 63131-3729 | 505,120 | 9.58% | |
| | Putnam AMT-Free Municipal Fund | | Putnam AMT-Free Municipal Fund | | | A | Morgan Stanley Smith Barney | | | Wells Fargo Advisors | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 484,458 | 9.19% | |
| | A | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive | | | | Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 481,613 | 9.13% | |
| | A | National Financial Services, LLC for the | | | | Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 444,168 | 8.42% | |
| | A | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | 2801 Market Street | | | | Weehawken, NJ 07086-6761 | 311,694 | 5.91% | Saint Louis, MO 63103 | 4,325,213 | 18.48% |
| A | MLPF&S for the Sole Benefit | | | National Financial Services LLC | | | | of its Customers | | | 200 Liberty Street, 5th Floor | | | | 4800 Deer Lake Dr., E., FL 3 | | | One World Financial Center | | | | Jacksonville, FL 32246-6484 | 284,454 | 5.39% | New York, NY 10281-5503 | 1,761,597 | 7.53% |
| A | Pershing LLC | | | Merrill, Lynch, Pierce Fenner & Smith | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jersey City, NJ 07399-0001 | 288,584 | 5.47% | Jacksonville, FL 32246-6484 | 2,997,595 | 12.81% |
| A | Charles Schwab & Co. Inc. | | | Morgan Stanley Smith Barney | | | | 101 Montgomery Street | | | Plaza 2, 3rd Floor | | | | San Francisco, CA 94104-4151 | 267,749 | 5.08% | Jersey City, NJ 07311 | 1,683,606 | 7.19% |
| A | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 1,316,643 | 5.63% |
| |
| A | | Edward D. Jones & Co. | | | | | 201 Progress Parkway | | | | | Maryland, Heights, MO 63043-3009 | 1,441,609 | 6.16% |
| |
| B | National Financial Services, LLC | | | Wells Fargo Advisors | | | | for the Exclusive Benefit of | | | 2801 Market Street | | | | Our Customers | | | Saint Louis, MO 63103 | 77,585 | 37.71% |
| |
| B | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 36,733 | 15.01% |
| |
| B | | National Financial Services LLC | | | | 499 Washington Blvd. | | | 200 Liberty Street, 5th Floor | | | | Attn: Mutual Funds Dept 4th Fl. | | | One World Financial Center | | | | Jersey City, NJ 07310-2010 | 61,135 | 42.16% | New York, NY 10281-5503 | 23,940 | 9.79% |
| B | LPL Financial | | | Merrill, Lynch, Pierce Fenner & Smith | | | Omnibus Customer Account | | | 4800 Deer Lake Dr., E., FL 3 | | | | Attn: Lindsay O’Toole | | | Jacksonville, FL 32246-6484 | 12,755 | 5.21% | | 9785 Towne Centre Dr. | | |
| B | | Raymond James | | | | | Attn: Courtney Waller | | | | | 880 Carillon Parkway | | | | San Diego, CA 92121-1968 | 32,991 | 22.75% | St. Petersburg, FL 33716 | 14,250 | 5.82% |
| B | Wells Fargo Advisors | | | RBC Capital Markets, LLC | | | | Special Custody Acct for the | | | 510 Marquette Ave S | | | | Exclusive Benefit of Customer | | | Minneapolis, MN 55402-1110 | 17,211 | 7.03% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 15,174 | 10.46% | |
| | B | George Migliorisi & Ann Migliorisi Trustees | | | | Migliorisi Family Living Trust U/A | | | | C | | National Financial Services LLC | | | | Dtd 09/20/2010 | | | 200 Liberty Street, 5th Floor | | | | 13034 W Pinnacle Vista Dr. | | | One World Financial Center | | | | Peoria, AZ 85383-7606 | 11,123 | 7.67% | New York, NY 10281-5503 | 547,051 | 25.03% |
| C | Wells Fargo Advisors | | | LPL Financial | | | | Special Custody Acct for the | | | Attn: Lindsay O’Toole | | | | Exclusive Benefit of Customer | | | 9785 Towne Center Drive | | | | 2801 Market St. | | | San Diego, CA 92121-1968 | 157,663 | 7.21% | | Saint Louis, MO 63103-2523 | 94,200 | 32.98% |
| C | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 329,965 | 15.10% |
| C | MLPF&S for the Sole Benefit | | | Merrill, Lynch, Pierce Fenner & Smith | | | of its Customers | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 213,863 | 9.79% |
| |
| C | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 174,645 | 7.99% |
| |
| C | | UBS WM USA | | | | Attn: Fund Administration | | | Attn: Department Manager | | | | 4800 Deer Lake Dr., E., FL 3 | | | 1000 Harbor Blvd | | | | Jacksonville, FL 32246-6484 | 70,550 | 24.70% | Weehawken, NJ 07086 | 128,244 | 5.87% |
| C | National Financial Services, LLC | | | Morgan Stanley Smith Barney | | | | for the Exclusive Benefit of | | | Plaza 2, 3rd Floor | | | | Our Customers | | | Jersey City, NJ 07311 | 165,115 | 7.55% | | 499 Washington Blvd. | | |
| M | | Pershing LLC | | | | Attn: Mutual Funds Dept 4th Fl. | | | P.O. Box 2052 | | | | Jersey City, NJ 07310-2010 | 28,918 | 10.13% | Jersey City, NJ 07303-2052 | 12,709 | 17.11% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Arizona Tax Exempt Income Fund (cont.) | | | C | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | Putnam AMT-Free Municipal Fund (cont.) | | Putnam AMT-Free Municipal Fund (cont.) | | | M | | National Financial Services LLC | | | | Attn: Department Manager | | | 200 Liberty Street, 5th Floor | | | | 1000 Harbor Blvd | | | One World Financial Center | | | | Weehawken, NJ 07086-6761 | 15,931 | 5.58% | New York, NY 10281-5503 | 32,248 | 43.42% |
| M | Pershing LLC | | | Joan M. Novak & Eugene S. Novak | | | | 1 Pershing Plaza | | | 2091 E Parkview Circle | | | | Jersey City, NJ 07399-0001 | 43,345 | 35.74% | Hoffman Estates, IL 60169-2644 | 6,291 | 8.47% |
| M | LPL Financial | | | Morgan Stanley Smith Barney | | | | Omnibus Customer Account | | | Plaza 2, 3rd Floor | | | | Attn: Lindsay O’Toole | | | Jersey City, NJ 07311 | 6,499 | 8.75% | | 9785 Towne Centre Dr. | | |
| | San Diego, CA 92121-1968 | 35,104 | 28.95% | |
| | M | Edward D Jones & Co | | | | Y | | Wells Fargo Advisors | | | | For the Benefit of Customers | | | 2801 Market Street | | | | 12555 Manchester Rd. | | | Saint Louis, MO 63103 | 528,439 | 29.66% | | Saint Louis, MO 63131-3729 | 16,186 | 13.35% |
| Y | | Merrill, Lynch, Pierce Fenner & Smith | | |
|
| 4800 Deer Lake Dr., E., FL 3 | | | M | Robert W Baird & Co., Inc | | | | | | Jacksonville, FL 32246-6484 | 417,549 | 23.44% |
| |
| Y | | Morgan Stanley Smith Barney | | | | 777 E Wisconsin Ave. | | | Plaza 2, 3rd Floor | | | | Milwaukee, WI 53202-5300 | 11,258 | 9.28% | Jersey City, NJ 07311 | 365,205 | 20.50% |
| Y | MLPF&S for the Sole Benefit | | | National Financial Services LLC | | | | of its Customers | | | 200 Liberty Street, 5th Floor | | | | 4800 Deer Lake Dr., E., FL 3 | | | One World Financial Center | | | | Jacksonville, FL 32246-6484 | 203,560 | 65.81% | New York, NY 10281-5503 | 227,471 | 12.77% |
| Y | Morgan Stanley Smith Barney | | | Raymond James | | | | Harborside Financial Center | | | 880 Carillon Pkwy | | | | Plaza 2, 3rd Floor | | | St. Petersburg, FL 33716-1100 | 111,138 | 6.24% | | Jersey City, NJ 07311 | 28,466 | 9.20% |
|
| | Y | LPL Financial | | | | Putnam Arizona Tax Exempt Income Fund | | Putnam Arizona Tax Exempt Income Fund | | | A | | Edward D Jones & Co | | | | Omnibus Customer Account | | | For the Benefit of Customers | | | | Attn: Lindsay O’Toole | | | 12555 Manchester Rd. | | | | 9785 Towne Centre Dr. | | | Saint Louis, MO 63131-3729 | 505,120 | 9.58% | | San Diego, CA 92121-1968 | 29,411 | 9.51% |
|
| | Y | Wells Fargo Advisors | | | | A | | Morgan Stanley Smith Barney | | | | Special Custody Acct for the | | | Harborside Financial Center | | | | Exclusive Benefit of Customer | | | Plaza 2, 3rd Floor | | | | 2801 Market St. | | | Jersey City, NJ 07311 | 484,458 | 9.19% | | Saint Louis, MO 63103-2523 | 19,055 | 6.16% |
|
| | Y | Charles Schwab & Co Inc. | | | | A | | Wells Fargo Advisors | | | | Special Custody A/C FBO Customers | | | Special Custody Acct for the Exclusive | | | Attn: Mutual Funds | | | Benefit of Customer | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 18,269 | 5.91% | |
| | Putnam Asia Pacific Equity Fund | | | | A | Putnam, LLC | | | | | One Post Office Square | | | 2801 Market St. | | | | Boston, MA 02109-2199 | 410,659 | 56.97% | Saint Louis, MO 63103-2523 | 481,613 | 9.13% |
| A | National Financial Services, LLC | | | National Financial Services, LLC for the | | | For the exclusive benefit | | | Exclusive Benefit of | | | | of our customers | | | Our Customers | | | | 499 Washington Blvd | | | 499 Washington Blvd. | | | | Attn: Mutual Funds Dept. 4th Fl. | | | Attn: Mutual Funds Dept 4th Fl. | | | | Jersey City, NJ 07310-2010 | 39,685 | 5.51% | Jersey City, NJ 07310-2010 | 444,168 | 8.42% |
| B | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 -0001 | 6,177 | 27.11% | |
| | B | Hartman Technology Solutions Inc. | | | | A | | UBS Wealth Management USA | | | | Simple IRA Plans A/C Troy L Hartman | | 0O0 11011 6100 | | | | 7200 S Moor Cross Dr. | | | Omni Account M/F | | | | Sioux Falls, SD 57108-3362 | 2,067 | 9.07% | Attn: Department Manager | | |
|
| 1000 Harbor Blvd | | | B | Eleanor V Aguirre Roth IRA Plan | | | | | | Weehawken, NJ 07086-6761 | 311,694 | 5.91% |
| |
| A | | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 284,454 | 5.39% |
| |
| A | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 288,584 | 5.47% |
| |
| A | | Charles Schwab & Co. Inc. | | | | 10310 Serrano Ave. | | | 101 Montgomery Street | | | | San Jose, CA 95127-3245 | 1,471 | 6.46% | San Francisco, CA 94104-4151 | 267,749 | 5.08% |
| B | Cornwall Central School District 403(B) | | National Financial Services, LLC | | | | Plan A/C | | | for the Exclusive Benefit of | | | | Irene L Pons | | | Our Customers | | | | 38 McCanns Ln. | | | 499 Washington Blvd. | | | | Cornwall, NY 12518-1518 | 1,216 | 5.34% | Attn: Mutual Funds Dept 4th Fl. | | |
|
| Jersey City, NJ 07310-2010 | 61,135 | 42.16% | C | Pershing LLC | | | | | 1 Pershing Plaza | | |
| | Jersey City, NJ 07399 -0001 | 10,045 | 25.46% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| B | | LPL Financial | | | | | Omnibus Customer Account | | | C | LPL Financial Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 32,991 | 22.75% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 15,174 | 10.46% |
| |
| B | | George Migliorisi & Ann Migliorisi Trustees | | | | Migliorisi Family Living Trust U/A | | | | Attn: Lindsay O’Toole | | | Dtd 09/20/2010 | | | | 9785 Towne Centre Dr. | | | 13034 W Pinnacle Vista Dr. | | | | San Diego, CA 92121-1968 | 3,986 | 10.10% | Peoria, AZ 85383-7606 | 11,123 | 7.67% |
| C | Charles Schwab & Co., Inc. | | | Wells Fargo Advisors | | | | 101 Montgomery St. | | | Special Custody Acct for the | | | | San Francisco, CA 94101-4151 | 4,218 | 10.69% | Exclusive Benefit of Customer | | |
|
| 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 94,200 | 32.98% |
| |
| C | National Financial Services, LLC | | | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 70,550 | 24.70% |
| |
| C | | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 28,918 | 10.13% |
| |
| C | | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | 499 Washington Blvd | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07310-2010 | 2,043 | 5.18% | Weehawken, NJ 07086-6761 | 15,931 | 5.58% |
| M | Charles Schwab & Co., Inc. | | | Pershing LLC | | | | 101 Montgomery St. | | | 1 Pershing Plaza | | | | San Francisco, CA 94101-4151 | 474 | 10.68% | Jersey City, NJ 07399-0001 | 43,345 | 35.74% |
| M | David W Clark | | | LPL Financial | | | | TOD Natalia Al Clark | | | Omnibus Customer Account | | | | Subject to STA TOD Rules | | | Attn: Lindsay O’Toole | | | | 3647 Round Top Rd. | | | 9785 Towne Centre Dr. | | | | Elizabethtown, PA 17022-9057 | 1,657 | 37.35% | San Diego, CA 92121-1968 | 35,104 | 28.95% |
| M | James W Wemyss | | | Edward D Jones & Co | | | | Roth IRA Conversion Plan | | | For the Benefit of Customers | | | | 4208 Chapman Dr. | | | 12555 Manchester Rd. | | | | Kent, OH 44240-6878 | 892 | 20.10% | Saint Louis, MO 63131-3729 | 16,186 | 13.35% |
| M | Gail Willis Roth IRA Plan | | | Robert W Baird & Co., Inc | | | | 5423 Great Woods Dr. | | | 777 E Wisconsin Ave. | | | | Indianapolis, IN 46224-6181 | 269 | 6.07% | Milwaukee, WI 53202-5300 | 11,258 | 9.28% |
| M | Keith A Conaway | | | | Y | | MLPF&S for the Sole Benefit | | | | Roth IRA Conversion Plan | | | of its Customers | | | | 14008 Brangus Rd. | | | 4800 Deer Lake Dr., E., FL 3 | | | | Shawnee, OK 74804-9633 | 269 | 6.06% | Jacksonville, FL 32246-6484 | 203,560 | 65.81% |
| M | Bonnie K Thomas IRA Plan | | | | | N6578 Nehring Rd. | | | | | Pardeeville, WI 53954-9502 | 251 | 5.66% | |
| | R | MG Trust Co. Customer for the | | | | Y | | Morgan Stanley Smith Barney | | | | benefit of Synergy Concepts Inc. | | | Harborside Financial Center | | | | 700 17th St. Suite 300 | | | Plaza 2, 3rd Floor | | | | Denver, CO 80202-3531 | 1,543 | 14.28% | Jersey City, NJ 07311 | 28,466 | 9.20% |
| R | MG Trust Co. Customer | | | | | Passantino Andersen Communications, | | | | 700 17th St. Suite 300 | | | | | Denver, CO 80202-3531 | 1,498 | 13.87% | |
| | R | MG Trust Co. Customer for the | | | | | benefit of Swerve Inc. | | | | | 700 17th St. Suite 300 | | | | | Denver, CO 80202-3531 | 1,014 | 9.38% | |
| | R | MG Trust Co. Customer for the | | | | | benefit of Sama Medical Billing, LLC | | | | | 700 17th St. Suite 300 | | | | | Denver, CO 80202-3531 | 837 | 7.74% | |
| | R | Bridgeport CT Board of Education | | | | Y | | LPL Financial | | | | 403(B) Plan | | | Omnibus Customer Account | | | | A/C John M Fabrizi | | | Attn: Lindsay O’Toole | | | | 120 Doreen Dr. | | | 9785 Towne Centre Dr. | | | | Bridgeport, CT 06604-1001 | 870 | 8.05% | San Diego, CA 92121-1968 | 29,411 | 9.51% |
| R | MG Trust Co. Customer for the | | | | Y | | Wells Fargo Advisors | | | | benefit of Brown Sterman | | | Special Custody Acct for the | | | | Reznik & Gershkowitz | | | Exclusive Benefit of Customer | | | | 700 17th St. Suite 300 | | | 2801 Market St. | | | | Denver, CO 80202-3531 | 796 | 7.37% | Saint Louis, MO 63103-2523 | 19,055 | 6.16% |
| R | MG Trust Co. Customer for the | | | | | benefit of Boys and Girls | | | | | Club of Conejo & Las | | | | | 700 17th St. Suite 300 | | | | | Denver, CO 80202-3531 | 586 | 5.42% | |
| | R | MG Trust Co. Customer for the | | | | | benefit of Klone Lab | | | | | 700 17th St. Suite 300 | | | | | Denver, CO 80202-3531 | 825 | 7.64% | |
| | Y** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 50,962 | 70.51% | |
| | Y** | Great-West Trust Company, LLC — | | | | | The Putnam Deferred | | | | | Compensation Plans | 9,587 | 13.26% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Arizona Tax Exempt Income Fund (cont.) | | Putnam Arizona Tax Exempt Income Fund (cont.) | | Y | | Charles Schwab & Co Inc. | | | | | Special Custody A/C FBO Customers | | | Putnam California Tax Exempt Income Fund | | | | | Attn: Mutual Funds | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 18,269 | 5.91% |
| |
| Putnam Asia Pacific Equity Fund | | Putnam Asia Pacific Equity Fund | | | A | Merrill, Lynch, Pierce, Fenner & Smith | | Putnam, LLC | | | | 4800 Dear Lake Dr. East | | | One Post Office Square | | | | Jacksonville, FL 32246-6484 | 21,021,065 | 12.26% | Boston, MA 02109-2199 | 410,659 | 56.97% |
| A | Morgan Stanley Smith Barney | | | National Financial Services, LLC | | | | Harborside Financial Center | | | For the exclusive benefit | | | | Plaza 2, 3rd Floor | | | of our customers | | | | Jersey City, NJ 07311 | 21,141,736 | 12.33% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 19,015,622 | 11.09% | |
| | A | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 9,711,301 | 5.67% | |
| | A | UBS Wealth Management USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 9,295,344 | 5.42% | |
| | A | National Financial Services LLC | | | | | 200 Liberty Street, 5th Fl. | | | 499 Washington Blvd | | | | One World Financial Center | | | Attn: Mutual Funds Dept. 4th Fl. | | | | New York, NY 10281-5503 | 9,179,958 | 5.36% | Jersey City, NJ 07310-2010 | 39,685 | 5.51% |
| B | Charles Schwab & Co., Inc. | | | Pershing LLC | | | | 101 Montgomery St. | | | 1 Pershing Plaza | | | | San Francisco, CA 94104-4151 | 9,267,049 | 5.41% | Jersey City, NJ 07399 -0001 | 6,177 | 27.11% |
| B | Pershing LLC | | | Hartman Technology Solutions Inc. | | | | P.O. Box 2052 | | | Simple IRA Plans A/C Troy L Hartman | | | Jersey City, NJ 07303-2052 | 295,475 | 31.88% | 7200 S Moor Cross Dr. | | |
|
| Sioux Falls, SD 57108-3362 | 2,067 | 9.07% | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 170,059 | 18.35% | |
| B | Merrill, Lynch, Pierce, Fenner & Smith | | Eleanor V Aguirre Roth IRA Plan | | | | 4800 Dear Lake Dr. East | | | 10310 Serrano Ave. | | | | Jacksonville, FL 32246-6484 | 93,748 | 10.11% | San Jose, CA 95127-3245 | 1,471 | 6.46% |
| B | Charles Schwab & Co., Inc. | | | Cornwall Central School District 403(B) | | | 101 Montgomery St. | | | Plan A/C | | | | San Francisco, CA 94104-4151 | 164,611 | 17.76% | Irene L Pons | | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | 38 McCanns Ln. | | | | Saint Louis, MO 63103-2523 | 1,523,956 | 25.37% | Cornwall, NY 12518-1518 | 1,216 | 5.34% |
| C | Merrill, Lynch, Pierce, Fenner & Smith | | Pershing LLC | | | | 4800 Dear Lake Dr. East | | | 1 Pershing Plaza | | | | Jacksonville, FL 32246-6484 | 1,202,639 | 20.02% | Jersey City, NJ 07399 -0001 | 10,045 | 25.46% |
| C | Morgan Stanley Smith Barney | | | LPL Financial Omnibus Customer Account | | | Harborside Financial Center | | | Attn: Lindsay O’Toole | | | | Plaza 2, 3rd Floor | | | 9785 Towne Centre Dr. | | | | Jersey City, NJ 07311 | 573,788 | 9.55% | San Diego, CA 92121-1968 | 3,986 | 10.10% |
| C | Pershing LLC | | | Charles Schwab & Co., Inc. | | | | P.O. Box 2052 | | | 101 Montgomery St. | | | | Jersey City, NJ 07303-2052 | 486,056 | 8.09% | San Francisco, CA 94101-4151 | 4,218 | 10.69% |
| C | National Financial Services LLC | | | National Financial Services, LLC | | | | 200 Liberty Street, 5th Fl. | | | 499 Washington Blvd | | | | One World Financial Center | | | Jersey City, NJ 07310-2010 | 2,043 | 5.18% | | New York, NY 10281-5503 | 416,263 | 6.93% |
|
| | C | Charles Schwab & Co., Inc. | | | | M | | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 572,273 | 9.53% | San Francisco, CA 94101-4151 | 474 | 10.68% |
| M | Wells Fargo Advisors | | | David W Clark | | | | | TOD Natalia Al Clark | | | | | Subject to STA TOD Rules | | | | | 3647 Round Top Rd. | | | | | Elizabethtown, PA 17022-9057 | 1,657 | 37.35% |
| |
| M | | James W Wemyss | | | | | Roth IRA Conversion Plan | | | | 2801 Market St. | | | 4208 Chapman Dr. | | | | Saint Louis, MO 63103-2523 | 17,853 | 5.34% | Kent, OH 44240-6878 | 892 | 20.10% |
| M | Raymond James | | | Gail Willis Roth IRA Plan | | | | 880 Carillon Pkwy | | | 5423 Great Woods Dr. | | | | St. Petersburg, FL 33716-1100 | 17,116 | 5.12% | Indianapolis, IN 46224-6181 | 269 | 6.07% |
| M | Morgan Stanley Smith Barney | | | Keith A Conaway | | | | Harborside Financial Center | | | Roth IRA Conversion Plan | | | | Plaza 2, 3rd Floor | | | 14008 Brangus Rd. | | | | Jersey City, NJ 07311 | 90,904 | 27.21% | Shawnee, OK 74804-9633 | 269 | 6.06% |
| M | Pershing LLC | | | Bonnie K Thomas IRA Plan | | | | P.O. Box 2052 | | | N6578 Nehring Rd. | | | | Jersey City, NJ 07303-2052 | 43,118 | 12.91% | Pardeeville, WI 53954-9502 | 251 | 5.66% |
| M | Charles Schwab & Co., Inc. | | | | R | | MG Trust Co. Customer for the | | | | 101 Montgomery St. | | | benefit of Synergy Concepts Inc. | | | | San Francisco, CA 94104-4151 | 24,100 | 7.21% | 700 17th St. Suite 300 | | |
|
| Denver, CO 80202-3531 | 1,543 | 14.28% |
| |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Edward D. Jones & Co. | | | | 201 Progress Parkway | | | | Maryland Heights, MO 63043-3003 | 17,116 | 5.12% |
| M | Vanguard Brokerage Services | | | | P.O. Box 1170 | | | | Valley Forge, PA 19482-1170 | 21,727 | 6.50% |
| M | Stifel Nicolaus & Co., Inc. | | | | 501 N Broadway | | | | Saint Louis, MO 63102-2131 | 21,400 | 6.41% |
| Y | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Dear Lake Dr. East | | | | Jacksonville, FL 32246-6484 | 2,681,654 | 38.54% |
| Y | Wells Fargo Advisors | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 922,183 | 13.25% |
| Y | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 757,346 | 10.88% |
| Y | RBC Capital Markets, LLC | | | | 510 Marquette Ave. S | | | | Minneapolis, MN 55402-1110 | 591,233 | 8.50% |
| Y | LPL Financial Services | | | | P.O. Box 509046 | | | | San Diego, CA 92150-9046 | 415,201 | 5.97% |
| Y | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 549,240 | 7.89% |
| Y | Raymond James | | | | 880 Carillon Pkwy. | | | | St. Petersburg, FL 33716-1100 | 624,420 | 8.97% |
| Putnam Capital Opportunities Fund | | | A | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 -0001 | 1,142,759 | 6.24% |
| A | MLPF&S for the Sole Benefit | | | | of its Customers | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 1,042,045 | 5.69% |
| B | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 -0001 | 63,108 | 6.67% |
| C | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716 | 392,904 | 20.92% |
| C | Wells Fargo Advisors | | | | Special Custody Acct for the Exclusive | | | Benefit of Customer | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 289,354 | 15.40% |
| C | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 -0001 | 204,126 | 10.87% |
| C | MLPF&S for the Sole Benefit | | | | of its Customers | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 138,901 | 7.39% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 130,958 | 6.97% |
| R | MLPF&S for the Sole Benefit | | | | of its Customers | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 329,901 | 25.67% |
| R | State Street Bank FBP ADP Access | | | | 1 Lincoln St. | | | | Boston, MA 02111-2901 | 174,682 | 13.59% |
| R5 | Putnam LLC | | | | One Post Office Square | | | | Boston, MA 02109-2199 | 829 | 100.00% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| R | MG Trust Co. Customer | | | | Passantino Andersen Communications, | | | 700 17th St. Suite 300 | | | | Denver, CO 80202-3531 | 1,498 | 13.87% |
| R | MG Trust Co. Customer for the | | | | benefit of Swerve Inc. | | | | 700 17th St. Suite 300 | | | | Denver, CO 80202-3531 | 1,014 | 9.38% |
| R | MG Trust Co. Customer for the | | | | benefit of Sama Medical Billing, LLC | | | 700 17th St. Suite 300 | | | | Denver, CO 80202-3531 | 837 | 7.74% |
| R | Bridgeport CT Board of Education | | | | 403(B) Plan | | | | A/C John M Fabrizi | | | | 120 Doreen Dr. | | | | Bridgeport, CT 06604-1001 | 870 | 8.05% |
| R | MG Trust Co. Customer for the | | | | benefit of Brown Sterman | | | | Reznik & Gershkowitz | | | | 700 17th St. Suite 300 | | | | Denver, CO 80202-3531 | 796 | 7.37% |
| R | MG Trust Co. Customer for the | | | | benefit of Boys and Girls | | | | Club of Conejo & Las | | | | 700 17th St. Suite 300 | | | | Denver, CO 80202-3531 | 586 | 5.42% |
| R | MG Trust Co. Customer for the | | | | benefit of Klone Lab | | | | 700 17th St. Suite 300 | | | | Denver, CO 80202-3531 | 825 | 7.64% |
| Y** | Great-West Trust Company, LLC — | | | The Putnam Retirement Plan | 50,962 | 70.51% |
| Y** | Great-West Trust Company, LLC — | | | The Putnam Deferred | | | | Compensation Plans | 9,587 | 13.26% |
| Putnam California Tax Exempt Income Fund | | A | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Dear Lake Dr. East | | | | Jacksonville, FL 32246-6484 | 21,021,065 | 12.26% |
| A | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 21,141,736 | 12.33% |
| A | Wells Fargo Advisors | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 19,015,622 | 11.09% |
| A | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 9,711,301 | 5.67% |
| A | UBS Wealth Management USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 9,295,344 | 5.42% |
| A | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 9,267,049 | 5.41% |
| A | National Financial Services LLC | | | | 200 Liberty Street, 5th Fl. | | | | One World Financial Center | | | | New York, NY 10281-5503 | 9,179,958 | 5.36% |
| B | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 295,475 | 31.88% |
| B | Wells Fargo Advisors | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 170,059 | 18.35% |
| B | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Dear Lake Dr. East | | | | Jacksonville, FL 32246-6484 | 93,748 | 10.11% |
| B | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 164,611 | 17.76% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Capital Opportunities Fund (cont.) | | R6** | Great-West Trust Company LLC TTEE — | | | The Putnam Retirement Plan | 605,237 | 99.86% |
| Y | National Financial Services, LLC | | | | For the Exclusive Benefit | | | | of Our Customers | | | | Attn: Mutual Funds Dept. 4th Fl. | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 857,017 | 24.27% |
| Y | MLPF&S for the Sole Benefit of its Customers | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 339,482 | 9.62% |
| Y | Wells Fargo Retirement Plan Services | | | P.O. Box 1533 | | | | Minneapolis, MN | 305,401 | 8.65% |
| Y | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 217,442 | 6.16% |
| Y** | Great-West Trust Collc LLC FBO | | | | Putnam — Recordkeeping for | | | | Various Benefit Plans | 876,100 | 24.81% |
| Putnam Capital Spectrum Fund | | | A | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 12,521,847 | 25.00% |
| A | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 7,867,625 | 15.71% |
| A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 4,731,976 | 9.45% |
| A | MLPF&S | | | | 4800 Deer Lake Dr, E. FL 3 | | | | Jacksonville, FL 32246-6484 | 3,354,944 | 6.70% |
| B | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 245,037 | 14.95% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 242,227 | 14.78% |
| B | MLPF&S | | | | 4800 Deer Lake Dr., E. FL 3 | | | | Jacksonville, FL 32246-6484 | 197,409 | 12.05% |
| B | LPL Financial | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 98,403 | 5.01% |
| B | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 83,995 | 5.13% |
| C | MLPF&S | | | | 4800 Deer Lake Dr., E. FL 3 | | | | Jacksonville, FL 32246-6484 | 4,517,597 | 19.76% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 3,429,809 | 15.00% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 2,389,241 | 10.45% |
| C | LPL Financial | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 2,212,226 | 9.67% |
| C | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 2,003,901 | 8.76% |
| C | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 1,962,347 | 8.58% |
| C | Raymond James | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 2,002,868 | 8.76% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam California Tax Exempt Income Fund (cont.) | | C | Wells Fargo Advisors | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 1,523,956 | 25.37% |
| C | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Dear Lake Dr. East | | | | Jacksonville, FL 32246-6484 | 1,202,639 | 20.02% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 573,788 | 9.55% |
| C | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 486,056 | 8.09% |
| C | National Financial Services LLC | | | | 200 Liberty Street, 5th Fl. | | | | One World Financial Center | | | | New York, NY 10281-5503 | 416,263 | 6.93% |
| C | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 572,273 | 9.53% |
| M | Wells Fargo Advisors | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 17,853 | 5.34% |
| M | Raymond James | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 17,116 | 5.12% |
| M | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 90,904 | 27.21% |
| M | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 43,118 | 12.91% |
| M | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 24,100 | 7.21% |
| M | Edward D. Jones & Co. | | | | 201 Progress Parkway | | | | Maryland Heights, MO 63043-3003 | 17,116 | 5.12% |
| M | Vanguard Brokerage Services | | | | P.O. Box 1170 | | | | Valley Forge, PA 19482-1170 | 21,727 | 6.50% |
| M | Stifel Nicolaus & Co., Inc. | | | | 501 N Broadway | | | | Saint Louis, MO 63102-2131 | 21,400 | 6.41% |
| Y | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Dear Lake Dr. East | | | | Jacksonville, FL 32246-6484 | 2,681,654 | 38.54% |
| Y | Wells Fargo Advisors | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 922,183 | 13.25% |
| Y | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 757,346 | 10.88% |
| Y | RBC Capital Markets, LLC | | | | 510 Marquette Ave. S | | | | Minneapolis, MN 55402-1110 | 591,233 | 8.50% |
| Y | LPL Financial Services | | | | P.O. Box 509046 | | | | San Diego, CA 92150-9046 | 415,201 | 5.97% |
| Y | Charles Schwab & Co., Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 549,240 | 7.89% |
| Y | Raymond James | | | | 880 Carillon Pkwy. | | | | St. Petersburg, FL 33716-1100 | 624,420 | 8.97% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Pershing, LLC | | | | Putnam Capital Opportunities Fund | | Putnam Capital Opportunities Fund | | | A | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 45,146 | 21.91% | Jersey City, NJ 07399 -0001 | 1,142,759 | 6.24% |
| M | Morgan Stanley Smith Barney | | | | A | | MLPF&S for the Sole Benefit | | | | Harborside Financial Center | | | of its Customers | | | | Plaza 2, 3rd Floor | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jersey City, NJ 07311 | 28,353 | 13.76 | Jacksonville, FL 32246-6484 | 1,042,045 | 5.69% |
| M | LPL Financial | | | | B | | Pershing LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121-1968 | 32,049 | 15.55% | Jersey City, NJ 07399 -0001 | 63,108 | 6.67% |
| M | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 10,583 | 5.14% | |
| | R | Morgan Stanley Smith Barney | | | | C | | Raymond James | | | | Harborside Financial Center | | | Attn: Courtney Waller | | | | Plaza 2, 3rd Floor | | | 880 Carillon Parkway | | | | Jersey City, NJ 07311 | 31,586 | 16.08% | St. Petersburg, FL 33716 | 392,904 | 20.92% |
| R | MLPF&S | | | | C | | Wells Fargo Advisors | | | | 4800 Deer Lake Dr., E. FL.3 | | | Special Custody Acct for the Exclusive | | | Jacksonville, FL 32246-6484 | 17,464 | 8.89% | Benefit of Customer | | |
|
| 2801 Market St. | | | R | Frontier Trust Company | | | | | FBO — Triumph Transport Inc. | | | St. Louis, MO 63103-2523 | 289,354 | 15.40% |
| |
| C | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 -0001 | 204,126 | 10.87% |
| |
| C | | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 138,901 | 7.39% |
| |
| C | | Morgan Stanley Smith Barney | | | | Retirement | | | Harborside Financial Center | | | | PO Box 10758 | | | Plaza 2, 3rd Floor | | | | Fargo, ND 58106-0758 | 14,674 | 7.47% | Jersey City, NJ 07311 | 130,958 | 6.97% |
| R | Frontier Trust Company | | | MLPF&S for the Sole Benefit | | | | FBO — Dunstan Dental Center | | | of its Customers | | | | PO Box 10758 | | | 4800 Deer Lake Dr., E., FL 3 | | | | Fargo, ND 58106-0758 | 16,811 | 8.56% | Jacksonville, FL 32246-6484 | 329,901 | 25.67% |
| R | Pershing, LLC | | | State Street Bank FBP ADP Access | | | | 1 Pershing Plaza | | | 1 Lincoln St. | | | | Jersey City, NJ 07399-0001 | 15,012 | 7.64% | Boston, MA 02111-2901 | 174,682 | 13.59% |
| Y | LPL Financial | | | | R5 | | Putnam LLC | | | | 9785 Towne Centre Dr. | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 829 | 100.00% |
| |
| R6** | | Great-West Trust Company LLC TTEE — | | | San Diego, CA 92121-1968 | 14,104,103 | 23.62% | The Putnam Retirement Plan | 605,237 | 99.86% |
| Y | MLPF&S | | | National Financial Services, LLC | | | | 4800 Deer Lake Dr., E. FL.3 | | | For the Exclusive Benefit | | | | Jacksonville, FL 32246-6484 | 10,931,687 | 18.31% | of Our Customers | | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | Attn: Mutual Funds Dept. 4th Fl. | | | | Plaza 2, 3rd Floor | | | 499 Washington Blvd | | | | Jersey City, NJ 07311 | 8,908,330 | 14.92% | Jersey City, NJ 07310-2010 | 857,017 | 24.27% |
| Y | Wells Fargo Advisors | | | MLPF&S for the Sole Benefit of its Customers | | | 2801 Market St. | | | 4800 Deer Lake Dr., E., FL 3 | | | | St. Louis, MO 63103-2523 | 6,162,341 | 10.32% | Jacksonville, FL 32246-6484 | 339,482 | 9.62% |
| Y | Pershing, LLC | | | Wells Fargo Retirement Plan Services | | | 1 Pershing Plaza | | | P.O. Box 1533 | | | | Jersey City, NJ 07399-0001 | 4,987,754 | 8.35% | Minneapolis, MN | 305,401 | 8.65% |
| Y | National Financial Services, LLC | | | UBS WM USA | | | | 499 Washington Blvd | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07310-2010 | 3,450,547 | 5.78% | Weehawken, NJ 07086-6761 | 217,442 | 6.16% |
| Putnam Convertible Securities Fund | | | | B | Pershing LLC | | | | Y** | | Great-West Trust Collc LLC FBO | | | | P.O. Box 2052 | | | Putnam — Recordkeeping for | | | | Jersey City, NJ 07303-2052 | 34,564 | 6.67% | Various Benefit Plans | 876,100 | 24.81% |
| C | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 244,744 | 11.56% | |
| | M | Pershing LLC | | | | Putnam Capital Spectrum Fund | | Putnam Capital Spectrum Fund | | | A | | UBS WM USA | | | | P.O. Box 2052 | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07303-2052 | 19,362 | 11.67% | Weehawken, NJ 07086-6761 | 12,521,847 | 25.00% |
| A | Morgan Stanley Smith Barney | | | National Financial Services, LLC | | | | Harborside Financial Center | | | 499 Washington Blvd | | | | Plaza 2, 3rd Floor | | | Jersey City, NJ 07310-2010 | 7,867,625 | 15.71% | | Jersey City, NJ 07311 | 1,399,156 | 5.87% |
|
| | A | Pershing LLC | | | Pershing, LLC | | | | P.O. Box 2052 | | | 1 Pershing Plaza | | | | Jersey City, NJ 07303-2052 | 1,843m508` | 7.74% | Jersey City, NJ 07399-0001 | 4,731,976 | 9.45% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Convertible Securities Fund (cont.) | | | Putnam Capital Spectrum Fund (cont.) | | Putnam Capital Spectrum Fund (cont.) | | | A | National Financial Services, LLC | | | MLPF&S | | | | For The Exclusive Benefit | | | | | of Our Customers | | | | | 200 Liberty St., 5th Fl | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 1,476,834 | 6.20% | |
| | A | Edward D. Jones & Co. | | | | | 201 Progress Parkway | | | | | Maryland Heights, MO 63043-3003 | 1,379,557 | 5.79% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | St. Louis, MO 63103-2523 | 1,286,673 | 5.40% | |
| | A | UBS Wealth Management | | | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | 4800 Deer Lake Dr, E. FL 3 | | | | Weehawken, NJ 07086-6761 | 1,391,832 | 5.84% | Jacksonville, FL 32246-6484 | 3,354,944 | 6.70% |
| B | Merrill, Lynch, Pierce, Fenner & Smith | | Wells Fargo Advisors | | | | 4800 Dear Lake Dr. East FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 156,490 | 30.19% | St. Louis, MO 63103-2523 | 245,037 | 14.95% |
| B | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market Street | | | 1 Pershing Plaza | | | | St. Louis, MO 63103-2523 | 90,592 | 17.48% | Jersey City, NJ 07399-0001 | 242,227 | 14.78% |
| B | Morgan Stanley Smith Barney | | | MLPF&S | | | | Harborside Financial Center | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 197,409 | 12.05% |
| |
| B | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 98,403 | 5.01% |
| |
| B | | UBS WM USA | | | | Plaza 2, 3rd Floor | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07311 | 32,388 | 6.25% | Weehawken, NJ 07086-6761 | 83,995 | 5.13% |
| C | Merrill, Lynch, Pierce, Fenner & Smith | | MLPF&S | | | | 4800 Dear Lake Dr. East FL 3 | | | 4800 Deer Lake Dr., E. FL 3 | | | | Jacksonville, FL 32246-6484 | 661,011 | 31.22% | Jacksonville, FL 32246-6484 | 4,517,597 | 19.76% |
| C | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 239,887 | 11.33% | Jersey City, NJ 07311 | 3,429,809 | 15.00% |
| C | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market Street | | | 1 Pershing Plaza | | | | St. Louis, MO 63103-2523 | 178,490 | 8.43% | Jersey City, NJ 07399-0001 | 2,389,241 | 10.45% |
| C | UBS Wealth Management | | | LPL Financial | | | | Omni Account M/F | | | 9785 Towne Centre Dr. | | | | Attn: Department Manager | | | San Diego, CA 92121-1968 | 2,212,226 | 9.67% | | 1000 Harbor Blvd | | |
| C | | UBS WM USA | | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 143,831 | 6.79% | Weehawken, NJ 07086-6761 | 2,003,901 | 8.76% |
| C | Raymond James | | | Wells Fargo Advisors | | | | Omnibus for Mutual Funds | | | 2801 Market St. | | | | 880 Carillon Pkwy. | | | St. Louis, MO 63103-2523 | 1,962,347 | 8.58% | | St. Peterburg, FL 33716-1100 | 106,744 | 5.04% |
| C | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 2,002,868 | 8.76% |
| M | National Financial Services, LLC | | | Pershing, LLC | | | | For The Exclusive Benefit | | | 1 Pershing Plaza | | | | of Our Customers | | | Jersey City, NJ 07399-0001 | 45,146 | 21.91% |
| |
| M | | Morgan Stanley Smith Barney | | | | 200 Liberty St., 5th Fl | | | Harborside Financial Center | | | | One World Financial Center | | | Plaza 2, 3rd Floor | | | | New York, NY 10281-5503 | 21,085 | 12.71% | Jersey City, NJ 07311 | 28,353 | 13.76 |
| M | DCGT for Principal Financial Group | | | LPL Financial | | | | 711 High St. | | | 9785 Towne Centre Dr. | | | | Des Moines, IA 50329-0001 | 11,291 | 6.81% | San Diego, CA 92121-1968 | 32,049 | 15.55% |
| M | Edward D. Jones & Co. | | | Wells Fargo Advisors | | | | 201 Progress Parkway | | | 2801 Market St. | | | | Maryland Heights, MO 63043-3003 | 9,342 | 5.63% | St. Louis, MO 63103-2523 | 10,583 | 5.14% |
| M | Nationwide Trust Company | | | | R | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 31,586 | 16.08% |
| |
| R | | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL.3 | | | | | Jacksonville, FL 32246-6484 | 17,464 | 8.89% |
| |
| R | | Frontier Trust Company | | | | | FBO — Triumph Transport Inc. | | | | c/o IPO Portfolio Accounting | | | Retirement | | | | PO Box 182029 | | | PO Box 10758 | | | | Columbus, OH 43218-2029 | 13,252 | 7.99% | Fargo, ND 58106-0758 | 14,674 | 7.47% |
| R | State Street Bank TTEE Cust | | | Frontier Trust Company | | | | For the Benefit of ADP Access | | | FBO — Dunstan Dental Center | | | | 1 Lincoln St. | | | PO Box 10758 | | | | Boston, MA 02111-2901 | 54,136 | 22.55% | Fargo, ND 58106-0758 | 16,811 | 8.56% |
| R | MG Trust Company Cust. | | | | | Strata G Profit Sharing Plan | | | | | 700 17th St. Ste 300 | | | | | Denver, CO 80202-3531 | 31,417 | 13.09% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | | |
| R | Reliance Trust Company | | | Pershing, LLC | | | | Assoc in Obstetrics & Gynecology | | | 1 Pershing Plaza | | | | Profit Sharing Plan | | | Jersey City, NJ 07399-0001 | 15,012 | 7.64% | | PO Box 48529 | | |
| | Atlanta, GA 30362-1529 | 25,033 | 10.43% | |
| | R | Capital Bank and Trust Company | | | | Y | | LPL Financial | | | | Select Rehabilitation Inc. 401k | | | 9785 Towne Centre Dr. | | | | 8515 E. Orchard Rd #2T2 | | | San Diego, CA 92121-1968 | 14,104,103 | 23.62% | | Greenwood Village, CO 80111-5002 23,977 | 9.99% |
| Y | | MLPF&S | | |
|
| 4800 Deer Lake Dr., E. FL.3 | | | R | MG Trust Company Cust. | | | | | | Jacksonville, FL 32246-6484 | 10,931,687 | 18.31% |
| |
| Y | | Morgan Stanley Smith Barney | | | | Dalton Ear Nose and Throat Association | | Harborside Financial Center | | | | 700 17th St. Ste 300 | | | Plaza 2, 3rd Floor | | | | Denver, CO 80202-3531 | 21,490 | 8.95% | Jersey City, NJ 07311 | 8,908,330 | 14.92% |
| Y | Merrill, Lynch, Pierce, Fenner & Smith | | Wells Fargo Advisors | | | | 4800 Dear Lake Dr. East FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 2,223,769 | 27.93% | St. Louis, MO 63103-2523 | 6,162,341 | 10.32% |
| Y | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market Street | | | 1 Pershing Plaza | | | | St. Louis, MO 63103-2523 | 1,034,067 | 12.99% | Jersey City, NJ 07399-0001 | 4,987,754 | 8.35% |
| Y | Charles Schwab & Co Inc. | | | National Financial Services, LLC | | | | Special Custody A/C | | | 499 Washington Blvd | | | | For the Benefit of Customers | | | Jersey City, NJ 07310-2010 | 3,450,547 | 5.78% | | Attn: Mutual Funds | | |
| | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 471,325 | 5.92% | |
| | Y | Wells Fargo Bank NA | | | | Putnam Convertible Securities Fund | | Putnam Convertible Securities Fund | | | A | | Morgan Stanley Smith Barney | | | | St. Alexius Medical Center Ret Plan | | | Harborside Financial Center | | | | 8515 E. Orchard Rd. # 2T2 | | | Plaza 2, 3rd Floor | | | | Greenwood Village, CO 80111-5002 402,932 | 5.06% | Jersey City, NJ 07311 | 1,399,156 | 5.87% |
| Y | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 694,294 | 8.72% | |
| | Putnam Diversified Income Trust | | | | A | UBS Wealth Management USA | | | Pershing LLC | | | | 1000 Harbor Blvd | | | P.O. Box 2052 | | | | Weehawken, NJ 07086-6761 | 69,203,865 | 23.50% | Jersey City, NJ 07303-2052 | 1,843,508 | 7.74% |
| A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | For The Exclusive Benefit | | | | Jersey City, NJ 07399-0001 | 26,792,313 | 9.10% | of Our Customers | | |
|
| 200 Liberty St., 5th Fl | | | A | Wells Fargo Advisors | | | | | 2801 Market St. | | | One World Financial Center | | | | St. Louis, MO 63103-2523 | 17,647,268 | 5.99% | New York, NY 10281-5503 | 1,476,834 | 6.20% |
| A | National Financial Services, LLC | | | Edward D. Jones & Co. | | | | 499 Washing Blvd | | | 201 Progress Parkway | | | | Jersey City, NJ 07310-2010 | 22,328,981 | 7.58% | Maryland Heights, MO 63043-3003 | 1,379,557 | 5.79% |
| A | MLPF&S | | | Wells Fargo Advisors | | | | 4800 Deer Lake Dr., E., FL 3 | | | 2801 Market Street | | | | Jacksonville, FL 32246-6484 | 20,536,029 | 6.97% | St. Louis, MO 63103-2523 | 1,286,673 | 5.40% |
| A | Raymond James | | | UBS Wealth Management | | | | Omnibus for Mutual Funds | | | 0O0 11011 6100 | | | | Attn: Courtney Waller | | | Omni Account M/F | | | | 880 Carillon Way | | | Attn: Department Manager | | | | St. Petersburg, FL 33716-1100 | 18,975,966 | 6.44% | 1000 Harbor Blvd | | |
|
| Weehawken, NJ 07086-6761 | 1,391,832 | 5.84% |
| |
| B | | Merrill, Lynch, Pierce, Fenner & Smith | | | | 4800 Dear Lake Dr. East FL 3 | | | | | Jacksonville, FL 32246-6484 | 156,490 | 30.19% |
| |
| B | MLPF&S | | | Wells Fargo Advisors | | | | 4800 Deer Lake Drive, E. FL 3 | | | 2801 Market Street | | | | Jacksonville, FL 32246-6484 | 1,603,487 | 15.46% | St. Louis, MO 63103-2523 | 90,592 | 17.48% |
| B | Pershing, LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | P.O. Box 2052 | | | | Jersey City, NJ 07399-0001 | 1,801,042 | 17.36% | Jersey City, NJ 07303-2052 | 34,564 | 6.67% |
| B | National Financial Services, LLC | | | Morgan Stanley Smith Barney | | | | 499 Washington Blvd, 4th Floor | | | Harborside Financial Center | | | | Attn: Mutual Funds Dept | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07310-2010 | 1,250,528 | 12.05% | Jersey City, NJ 07311 | 32,388 | 6.25% |
| B | Wells Fargo Advisors | | | | C | | Merrill, Lynch, Pierce, Fenner & Smith | | | 2801 Market St. | | | 4800 Dear Lake Dr. East FL 3 | | | | St. Louis, MO 63103-2523 | 1,132,154 | 10.91% | Jacksonville, FL 32246-6484 | 661,011 | 31.22% |
| C | MLPF&S | | | Pershing LLC | | | | 4800 Deer Lake Drive, E., FL 3 | | | P.O. Box 2052 | | | | Jacksonville, FL 32246-6484 | 21,730,183 | 22.18% | Jersey City, NJ 07303-2052 | 244,744 | 11.56% |
| C | UBS WM USA | | | Morgan Stanley Smith Barney | | | | 1000 Harbor Blvd | | | Harborside Financial Center | | | | Weehawken, NJ 07086-6761 | 10,493,662 | 10.71% | Plaza 2, 3rd Floor | | |
|
| Jersey City, NJ 07311 | 239,887 | 11.33% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Diversified Income Trust (cont.) | | | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 9,981,736 | 10.19% | |
| | Putnam Convertible Securities Fund (cont.) | | Putnam Convertible Securities Fund (cont.) | | C | Raymond James | | | Wells Fargo Advisors | | | | 880 Carillon Pkwy | | | 2801 Market Street | | | | St. Petersburg, FL 33716-1100 | 13,557,443 | 13.84% | St. Louis, MO 63103-2523 | 178,490 | 8.43% |
| C | Morgan Stanley Smith Barney | | | UBS Wealth Management | | | | Harborside Financial Center | | | Omni Account M/F | | | | Plaza 2, 3rd Floor | | | Attn: Department Manager | | | | Jersey City, NJ 07311 | 7,520,440 | 7.68% | 1000 Harbor Blvd | | |
|
| Weehawken, NJ 07086-6761 | 143,831 | 6.79% |
| |
| C | Pershing, LLC | | | Raymond James | | | | 1 Pershing Plaza | | | Omnibus for Mutual Funds | | | | Jersey City, NJ 07399-0001 | 6,516,298 | 6.65% | |
| | C | LPL Financial | | | | | 8785 Towne Centre Dr. | | | 880 Carillon Pkwy. | | | | San Diego, CA 92121-1968 | 5,471,890 | 5.59% | St. Peterburg, FL 33716-1100 | 106,744 | 5.04% |
| M | SMBC Friend Securities Co., Ltd | | | National Financial Services, LLC | | | | fbo Sumitomo Mitsui Banking Corp. | | For The Exclusive Benefit | | | | Product Admin & Operations Dept. | | | of Our Customers | | | | Investment Trust & Insurance Group | | 200 Liberty St., 5th Fl | | | | 7-12, Nihonbashi-Kabutocho | | | One World Financial Center | | | | Chuo-Ku, Tokyo 103-8221 Japan | 21,787,418 | 71.14% | New York, NY 10281-5503 | 21,085 | 12.71% |
| M | SMBC Friend Securities Co., Ltd | | | Pershing LLC | | | | Product Admin & Operations Dept. | | | P.O. Box 2052 | | | | Investment Trust & Insurance Group | | Jersey City, NJ 07303-2052 | 19,362 | 11.67% | | 7-12, Nihonbashi-Kabutocho | | |
| M | | DCGT for Principal Financial Group | | | | | 711 High St. | | | | | Des Moines, IA 50329-0001 | 11,291 | 6.81% |
| |
| M | | Edward D. Jones & Co. | | | | | 201 Progress Parkway | | | | | Maryland Heights, MO 63043-3003 | 9,342 | 5.63% |
| |
| M | | Nationwide Trust Company | | | | | c/o IPO Portfolio Accounting | | | | | PO Box 182029 | | | | Chuo-Ku, Tokyo 103-8221 Japan | 6,174,660 | 20.16% | Columbus, OH 43218-2029 | 13,252 | 7.99% |
| R | MLPF&S | | | State Street Bank TTEE Cust | | | | 4800 Deer Lake Dr., E., Fl.3 | | | For the Benefit of ADP Access | | | | Jacksonville, FL 32246-6484 | 45,140 | 7.50% | 1 Lincoln St. | | |
|
| Boston, MA 02111-2901 | 54,136 | 22.55% |
| |
| R | MG Trust Company | | | MG Trust Company Cust. | | | | | Strata G Profit Sharing Plan | | | | | 700 17th St. Ste 300 | | | | | Denver, CO 80202-3531 | 31,417 | 13.09% |
| |
| R | | Reliance Trust Company | | | | | Assoc in Obstetrics & Gynecology | | | | FBO — Webb Wilson | | | Profit Sharing Plan | | | | 700 17th St., Ste. 300 | | | PO Box 48529 | | | | Denver, CO 80202-3531 | 33,028 | 5.49% | Atlanta, GA 30362-1529 | 25,033 | 10.43% |
| R | DCGT as Trustee for Principal | | | Capital Bank and Trust Company | | | | Financial Group | | | Select Rehabilitation Inc. 401k | | | | 711 High St. | | | 8515 E. Orchard Rd #2T2 | | | | Des Moines, IA 50392-2732 | 46,440 | 7.72% | Greenwood Village, CO 80111-5002 | 23,977 | 9.99% |
| R | MG Trust Company | | | MG Trust Company Cust. | | | | Hebberd-Kulow Enterprises | | | Dalton Ear Nose and Throat Association | | | 717 17th St. Ste 1300 | | | 700 17th St. Ste 300 | | | | Denver, CO 80202-3304 | 39,389 | 6.55% | Denver, CO 80202-3531 | 21,490 | 8.95% |
| Y | Merrill Lynch | | | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Deer Lake Dr., E., FL 3 | | | 4800 Dear Lake Dr. East FL 3 | | | | Jacksonville, FL 32246-6484 | 68,093,670 | 42.33% | Jacksonville, FL 32246-6484 | 2,223,769 | 27.93% |
| Y | Morgan Stanley Smith Barney | | | Wells Fargo Advisors | | | | Harborside Financial Center | | | 2801 Market Street | | | | Plaza 2, 3rd Floor | | | St. Louis, MO 63103-2523 | 1,034,067 | 12.99% | | Jersey City, NJ 07311 | 20,012,286 | 12.44% |
| Y | | Charles Schwab & Co Inc. | | |
|
| Special Custody A/C | | | Y | Wells Fargo Advisors | | | | | | For the Benefit of Customers | | | | | Attn: Mutual Funds | | | | 2801 Market St. | | | 101 Montgomery St. | | | | St. Louis, MO 63103-2523 | 13,239,597 | 8.23% | San Francisco, CA 94104-4151 | 471,325 | 5.92% |
| Y | Pershing, LLC | | | Wells Fargo Bank NA | | | | 1 Pershing Plaza | | | St. Alexius Medical Center Ret Plan | | | | Jersey City, NJ 07399-0001 | 8,294,417 | 5.16% | 8515 E. Orchard Rd. # 2T2 | | |
|
| Greenwood Village, CO 80111-5002 | 402,932 | 5.06% |
| |
| Y | Raymond James | | | National Financial Services, LLC | | | | 880 Carillon Pkwy | | | 499 Washington Blvd | | | | St. Petersburg, FL 33716-1100 | 8,347,737 | 5.19% | Jersey City, NJ 07310-2010 | 694,294 | 8.72% |
| Putnam Dynamic Asset Allocation Balanced Fund | | | A | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th fl | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 5,075,702 | 6.90% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 4,868,830 | 6.62% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| Putnam Diversified Income Trust | | Putnam Diversified Income Trust | | | A | | UBS Wealth Management USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 69,203,865 | 23.50% |
| |
| A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 26,792,313 | 9.10% |
| |
| A | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 17,647,268 | 5.99% |
| |
| A | | National Financial Services, LLC | | | | | 499 Washing Blvd | | | | | Jersey City, NJ 07310-2010 | 22,328,981 | 7.58% |
| |
| A | | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | |
|
| Jacksonville, FL 32246-6484 | 20,536,029 | 6.97% | | |
| A | Edward D Jones & Co | | | Raymond James | | | | Attn: Mutual Fund | | | Omnibus for Mutual Funds | | | | Shareholder Accounting | | | Attn: Courtney Waller | | | | 201 Progress Pkwy | | | 880 Carillon Way | | | | Maryland Hts., MO 63043-3009 | 3,826,114 | 5.20% | St. Petersburg, FL 33716-1100 | 18,975,966 | 6.44% |
| B | Pershing, LLC | | | MLPF&S | | | | 1 Pershing Plaza | | | 4800 Deer Lake Drive, E. FL 3 | | | | Jersey City, NJ 07399-0001 | 619,767 | 10.03% | Jacksonville, FL 32246-6484 | 1,603,487 | 15.46% |
| B | National Financial Services, LLC | | | Pershing, LLC | | | | For the Exclusive Benefit | | | 1 Pershing Plaza | | | | of our Customers | | | Jersey City, NJ 07399-0001 | 1,801,042 | 17.36% | | 200 Liberty Street, 5th fl | | |
| B | | National Financial Services, LLC | | | | | 499 Washington Blvd, 4th Floor | | | | One World Financial Center | | | Attn: Mutual Funds Dept | | | | New York, NY 10281-5503 | 543,467 | 8.79% | Jersey City, NJ 07310-2010 | 1,250,528 | 12.05% |
| B | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Account for the | | | 2801 Market St. | | | | Exclusive Benefit of Customer | | | St. Louis, MO 63103-2523 | 1,132,154 | 10.91% | | 2801 Market St. | | |
| C | | MLPF&S | | | | Saint Louis, MO 63103-2523 | 506,507 | 8.20% | 4800 Deer Lake Drive, E., FL 3 | | |
|
| Jacksonville, FL 32246-6484 | 21,730,183 | 22.18% | B | Charles Schwab & Co Inc. | | | |
| |
| C | | UBS WM USA | | | | Clearing Account | | | 1000 Harbor Blvd | | | | For the Exclusive Benefit | | | Weehawken, NJ 07086-6761 | 10,493,662 | 10.71% |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 9,981,736 | 10.19% |
| |
| C | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 13,557,443 | 13.84% |
| |
| C | | Morgan Stanley Smith Barney | | | | of Their Customers | | | Harborside Financial Center | | | | 101 Montgomery St. | | | Plaza 2, 3rd Floor | | | | San Francisco, CA 94104-4151 | 456,022 | 7.38% | Jersey City, NJ 07311 | 7,520,440 | 7.68% |
| C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 755,157 | 8.51% | Jersey City, NJ 07399-0001 | 6,516,298 | 6.65% |
| C | Wells Fargo Advisors | | | LPL Financial | | | | Special Custody Account for the | | | 8785 Towne Centre Dr. | | | | Exclusive Benefit of Customer | | | San Diego, CA 92121-1968 | 5,471,890 | 5.59% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 609,156 | 6.86% | |
| | C | MLPF&S For The Sole Benefit | | | | | of Its Customers | | | | | Attn Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 543,232 | 6.12% | |
| | C | National Financial Services, LLC | | | | M | | SMBC Friend Securities Co., Ltd | | | | For the Exclusive Benefit | | | fbo Sumitomo Mitsui Banking Corp. | | | of our Customers | | | Product Admin & Operations Dept. | | | | 200 Liberty Street, 5th fl | | | Investment Trust & Insurance Group | | | One World Financial Center | | | 7-12, Nihonbashi-Kabutocho | | | | New York, NY 10281-5503 | 525,423 | 5.92% | Chuo-Ku, Tokyo 103-8221 Japan | 27,962,078 | 91.30% |
| M | Pershing, LLC | | | | R | | MLPF&S | | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr., E., Fl.3 | | | | Jersey City, NJ 07399-0001 | 109,777 | 5.42% | Jacksonville, FL 32246-6484 | 45,140 | 7.50% |
| | M | DCGT as Trustee for Principal | | | | | Financial Group | | | | | 711 High St. | | | | | Des Moines, IA 50392-0001 | 212,589 | 10.50% | |
| | M* | DTM Companies 401(k) Plan | 265,533 | 13.11% | |
| R | MG Trust Company Cust. | | | MG Trust Company | | | | FBO Cannon Group Inc. | | | FBO — Webb Wilson | | | | 700 17th St. Ste 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 64,406 | 6.75% | Denver, CO 80202-3531 | 33,028 | 5.49% |
| R5 | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 902 | 100.00% | |
| | R6 | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 826,558 | 99.89% | |
| | Y | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 445,858 | 5.11% | |
| | Y* | Connecticut Pipe Trades | | | | | Local No. 77 Annuity Plan | 1,312,812 | 15.04% | |
| | Y*** | Putnam Retirement Ready 2025 | | | | | Fund — A shares | 901,882 | 10.33% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Dynamic Asset Allocation Balanced Fund (cont.) | | Y*** | Putnam Retirement Ready 2020 | | | | | Fund — A shares | 760,611 | 8.71% | |
| | Y** | Great-West Trust Company, LLC — | | | | Putnam Diversified Income Trust (cont.) | | Putnam Diversified Income Trust (cont.) | | R | | DCGT as Trustee for Principal | | | | Recordkeeping for various | | | Financial Group | | | | benefit plans | 1,334,634 | 15.29% | 711 High St. | | |
|
| Des Moines, IA 50392-2732 | 46,440 | 7.72% | Putnam Dynamic Asset Allocation Conservative Fund | | |
| |
| R | | MG Trust Company | | | | | Hebberd-Kulow Enterprises | | | | | 717 17th St. Ste 1300 | | | | | Denver, CO 80202-3304 | 39,389 | 6.55% |
| |
| Y | | Merrill Lynch | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 68,093,670 | 42.33% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 20,012,286 | 12.44% |
| |
| Y | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 13,239,597 | 8.23% |
| |
| Y | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 8,294,417 | 5.16% |
| |
| Y | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 8,347,737 | 5.19% |
| |
| Putnam Dynamic Asset Allocation Balanced Fund | | Putnam Dynamic Asset Allocation Balanced Fund | | A | National Financial Services, LLC | | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th fl | | | | 499 Washington Blvd | | | One World Financial Center | | | | Jersey City, NY 07310-2010 | 1,994,746 | 5.37% | New York, NY 10281-5503 | 5,075,702 | 6.90% |
| A | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 1,944,330 | 5.23% | Jersey City, NJ 07399-0001 | 4,868,830 | 6.62% |
| A* | Iron Workers Local #17 | | | | | Annuity Plan | 2,386,311 | 6.42% | |
| | B | Wells Fargo Advisors | | | | A | | Edward D Jones & Co | | | | Special Custody Account for the | | | Attn: Mutual Fund | | | | Exclusive Benefit of Customer | | | Shareholder Accounting | | | | 2801 Market St. | | | 201 Progress Pkwy | | | | Saint Louis, MO 63103-2523 | 436,685 | 17.64% | Maryland Hts., MO 63043-3009 | 3,826,114 | 5.20% |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 180,230 | 7.28% | Jersey City, NJ 07399-0001 | 619,767 | 10.03% |
| B | National Financial Services, LLC | | | National Financial Services, LLC | | | | For the Exclusive Benefit | | | For the Exclusive Benefit | | | | of our Customers | | | of our Customers | | | | 200 Liberty Street, 5th Fl. | | | 200 Liberty Street, 5th fl | | | | One World Financial Center | | | One World Financial Center | | | | New York, NY 10281-5503 | 221,128 | 8.93% | New York, NY 10281-5503 | 543,467 | 8.79% |
| B | Charles Schwab & Co Inc. | | | Wells Fargo Advisors | | | | Clearing Account | | | Special Custody Account for the | | | | For the Exclusive Benefit | | | Exclusive Benefit of Customer | | | | of Their Customers | | | 2801 Market St. | | | | 101 Montgomery St. | | | Saint Louis, MO 63103-2523 | 506,507 | 8.20% | | San Francisco, CA 94104-4151 | 206,363 | 8.33% |
| B | | Charles Schwab & Co Inc. | | | | | Clearing Account | | | | | For the Exclusive Benefit | | | | | of Their Customers | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 456,022 | 7.38% |
| C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 480,936 | 9.64% | Jersey City, NJ 07399-0001 | 755,157 | 8.51% |
| C | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Account for the | | | Special Custody Account for the | | | | Exclusive Benefit of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 422,770 | 8.48% | Saint Louis, MO 63103-2523 | 609,156 | 6.86% |
| C | MLPF&S For The Sole Benefit | | | | | of Its Customers | | | | | Attn Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 311,579 | 6.25% | |
| | C | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 250,776 | 5.03% | |
| | M | Mid Atlantic Trust Company | | | | | Commonwealth Credit Union 401K | | | | | Retirement Savings Plan | | | | | 1251 Waterfront Pl. Ste. 525 | | | | | Pittsburgh, PA 15222-4228 | 62,364 | 10.45% | |
| | M | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 52,260 | 5.75% | |
| | M | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 46,491 | 5.11% | |
| | M* | DTM Companies 401(k) Plan | 94,980 | 10.45% | |
| | R | MG Trust Company Cust. | | | | | FBO EOL Management Co. LLC | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 25,272 | 6.01% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | R | MG Trust Company Cust. | | | | C | | MLPF&S For The Sole Benefit | | | | FBO Southern Cross Aviation LLC | | | of Its Customers | | | | 700 17th St. Ste. 300 | | | Attn Fund Administration | | | | Denver, CO 80202-3531 | 21,253 | 5.05% | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 543,232 | 6.12% |
| |
| C | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th fl | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 525,423 | 5.92% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 109,777 | 5.42% |
| |
| M | | DCGT as Trustee for Principal | | | | | Financial Group | | | | | 711 High St. | | | | | Des Moines, IA 50392-0001 | 212,589 | 10.50% |
| |
| M* | | DTM Companies 401(k) Plan | 265,533 | 13.11% |
| R | MG Trust Company Cust. | | | MG Trust Company Cust. | | | | FBO — MAPP Biopharmaceutical, Inc. | | FBO Cannon Group Inc. | | | | 700 17th St. Ste. 300 | | | 700 17th St. Ste 300 | | | | Denver, CO 80202-3531 | 22,285 | 5.30% | Denver, CO 80202-3531 | 64,406 | 6.75% |
| R5 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 1,070 | 100.00 | Boston, MA 02109 | 902 | 100.00% |
| R6 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 285,996 | 99.63% | Boston, MA 02109 | 826,558 | 99.89% |
| Y* | Connecticut Pipe Trades | | | | Y | | Charles Schwab & Co., Inc. | | | | Local No. 77 Annuity Plan | 695,163 | 11.16% | 101 Montgomery St. | | |
|
| San Francisco, CA 94104-4151 | 445,858 | 5.11% | Y** | Great-West Trust Company, LLC — | | | | | Recordkeeping for various | | |
| Y* | | Connecticut Pipe Trades | | | | benefit plans | 2,549,691 | 40.93% | Local No. 77 Annuity Plan | 1,312,812 | 15.04% |
| Y*** | Putnam Retirement Ready 2015 | | | Putnam Retirement Ready 2025 | | | | Fund — A shares | 459,349 | 7.37% | Fund — A shares | 901,882 | 10.33% |
| Y*** | Putnam Retirement Income Fund | | | Putnam Retirement Ready 2020 | | | | Lifestyle 1 — A shares | 497,263 | 7.98% | Fund — A shares | 760,611 | 8.71% |
| Putnam Dynamic Asset Allocation Equity Fund | | | Y** | | Great-West Trust Company, LLC — | | | | | Recordkeeping for various | | | | | benefit plans | 1,334,634 | 15.29% |
| |
| Putnam Dynamic Asset Allocation Conservative Fund | | Putnam Dynamic Asset Allocation Conservative Fund | | A | Putnam LLC | | | National Financial Services, LLC | | | | One Post Office Square | | | 499 Washington Blvd | | | | Boston, MA 02109 | 1,791 | 64.71% | Jersey City, NY 07310-2010 | 1,994,746 | 5.37% |
| A | Christine M. Barrett | | | Pershing, LLC | | | | 10 Knower Road | | | 1 Pershing Plaza | | | | Westminster, MA 01473-1453 | 619 | 22.35% | Jersey City, NJ 07399-0001 | 1,944,330 | 5.23% |
| A | Robert Reynolds | | | | A* | | Iron Workers Local #17 | | | | 153 Garfield Road | | | Annuity Plan | 2,386,311 | 6.42% | | Concord, MA01742-4905 | 179 | 6.47% |
|
| | A | Ravi Akhoury | | | | | 6 Pine Valley Way | | | | | Florham Park, NJ 07932-2700 | 179 | 6.47% | |
| | Y*** | Putnam Retirement Ready 2050 | | | | | Fund — A shares | 234,652 | 10.52% | |
| | Y*** | Putnam Retirement Ready 2050 | | | | | Fund — A shares | 126,717 | 10.11% | |
| | Y*** | Putnam Retirement Ready 2050 | | | | | Fund — Y shares | 200,339 | 9.07% | |
| | Y*** | Putnam Retirement Ready 2045 | | | | | Fund — A shares | 323,627 | 14.65% | |
| | Y*** | Putnam Retirement Ready 2045 | | | | | Fund — Y shares | 159,304 | 7.21% | |
| | Y*** | Putnam Retirement Ready 2040 | | | | | Fund — A shares | 303,733 | 13.75% | |
| | Y*** | Putnam Retirement Ready 2040 | | | | | Fund — R shares | 132,733 | 6.01% | |
| | Y*** | Putnam Retirement Ready 2035 | | | | | Fund — A shares | 222,048 | 10.05% | |
| | Putnam Dynamic Asset Allocation Growth Fund | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 4,943,272 | 6.34% | |
| | A | National Financial Services, LLC | | | | B | | Wells Fargo Advisors | | | | For the Exclusive Benefit of our Customers | | Special Custody Account for the | | | | 200 Liberty Street, 5th Fl. | | | Exclusive Benefit of Customer | | | | One World Financial Center | | | 2801 Market St. | | | | New York, NY 10281-5503 | 4,963,242 | 6.12% | Saint Louis, MO 63103-2523 | 436,685 | 17.64% |
| A | Edward D Jones & Co | | | | B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 180,230 | 7.28% |
| |
| B | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | Attn: Mutual Fund Shareholder Accounting | | 200 Liberty Street, 5th Fl. | | | | 201 Progress Pkwy | | | One World Financial Center | | | | Maryland Hts., MO 63043-3009 | 4,313,093 | 5.53% | New York, NY 10281-5503 | 221,128 | 8.93% |
| B | National Financial Services, LLC | | | Charles Schwab & Co Inc. | | | | For the Exclusive Benefit of our Customers | | Clearing Account | | | | 200 Liberty Street, 5th Fl. | | | For the Exclusive Benefit | | | | One World Financial Center | | | of Their Customers | | | | New York, NY 10281-5503 | 582,953 | 7.52% | 101 Montgomery St. | | |
|
| San Francisco, CA 94104-4151 | 206,363 | 8.33% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Dynamic Asset Allocation Growth Fund (cont.) | | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 565,559 | 7.29% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Account for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 434,764 | 5.61% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 973,860 | 10.10% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Account for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 774,292 | 8.03% | |
| | Putnam Dynamic Asset Allocation Conservative Fund (cont.) | | Putnam Dynamic Asset Allocation Conservative Fund (cont.) | C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 762,659 | 7.91% | Jersey City, NJ 07399-0001 | 480,936 | 9.64% |
| C | MLPF&S For The Sole Benefit | | | Wells Fargo Advisors | | | | of Its Customers | | | Special Custody Account for the | | | | Attn Fund Administration | | | Exclusive Benefit of Customer | | | | 4800 Deer Lake Dr. E FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 563,666 | 5.85% | Saint Louis, MO 63103-2523 | 422,770 | 8.48% |
| C | National Financial Services, LLC | | | MLPF&S For The Sole Benefit | | | | For the Exclusive Benefit | | | of Its Customers | | | | of our Customers | | | Attn Fund Administration | | | | 200 Liberty Street, 5th Fl. | | | 4800 Deer Lake Dr. E FL 3 | | | | One World Financial Center | | | Jacksonville, FL 32246-6484 | 311,579 | 6.25% | | New York, NY 10281-5503 | 545,374 | 5.66% |
| C | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 250,776 | 5.03% |
| |
| M | | Mid Atlantic Trust Company | | | | | Commonwealth Credit Union 401K | | | | | Retirement Savings Plan | | | | | 1251 Waterfront Pl. Ste. 525 | | | | | Pittsburgh, PA 15222-4228 | 62,364 | 10.45% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 52,260 | 5.75% |
| |
| M | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 46,491 | 5.11% |
| M* | DTM Companies 401(k) Plan | 134,815 | 7.58% | DTM Companies 401(k) Plan | 94,980 | 10.45% |
| |
| R | | MG Trust Company Cust. | | | | | FBO EOL Management Co. LLC | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 25,272 | 6.01% |
| |
| R | | MG Trust Company Cust. | | | | | FBO Southern Cross Aviation LLC | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 21,253 | 5.05% |
| |
| R | | MG Trust Company Cust. | | | | | FBO — MAPP Biopharmaceutical, Inc. | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 22,285 | 5.30% |
| R5 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 3,238 | 100.00% | Boston, MA 02109 | 1,070 | 100.00 |
| R6 | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109 | 792 | 100.00% | Boston, MA 02109 | 285,996 | 99.63% |
| Y* | Connecticut Pipe Trades Local | | | Connecticut Pipe Trades | | | | No. 77 Annuity Plan | 808,954 | 9.77% | Local No. 77 Annuity Plan | 695,163 | 11.16% |
| Y** | Great-West Trust Company, LLC — | | | Great-West Trust Company, LLC — | | | | Recordkeeping for various | | | Recordkeeping for various | | | | benefit plans | 1,420,842 | 17.16% | benefit plans | 2,549,691 | 40.93% |
| Y*** | Putnam Retirement Ready 2035 | | | Putnam Retirement Ready 2015 | | | | Fund — A shares | 639,313 | 7.72% | Fund — A shares | 459,349 | 7.37% |
| Y*** | Putnam Retirement Ready 2035 | | | Putnam Retirement Income Fund | | | | Fund— Y shares | 459,093 | 5.54% | Lifestyle 1 — A shares | 497,263 | 7.98% |
| Y*** | Putnam Retirement Ready 2030 | | | | | Fund — A shares | 680,011 | 8.21% | |
| | Putnam Dynamic Risk Allocation Fund | | | | Putnam Dynamic Asset Allocation Equity Fund | | Putnam Dynamic Asset Allocation Equity Fund | | A | Saxon & Co. | | | Putnam LLC | | | | PO Box 7780-1888 | | | One Post Office Square | | | | Philadelphia, PA 19182-0001 | 228,495 | 5.13% | Boston, MA 02109 | 1,791 | 64.71% |
| A | UBS WM USA | | | Christine M. Barrett | | | | Attn: Department Manager | | | 10 Knower Road | | | | 1000 Harbor Blvd | | | Westminster, MA 01473-1453 | 619 | 22.35% | | Weehawken, NJ 07086-6761 | 986,966 | 22.16% |
|
| | A | Pershing, LLC | | | Robert Reynolds | | | | 1 Pershing Plaza | | | 153 Garfield Road | | | | Jersey City, NJ 07399-0001 | 313,735 | 7.04% | Concord, MA01742-4905 | 179 | 6.47% |
| B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 67,623 | 22.88% | |
| | B | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 61,598 | 20.84% | |
| |
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | B | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716 | 28,223 | 9.55% |
| C | UBS WM USA | | | | Attn: Department Manager | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 322,987 | 17.23% |
| C | MLPF&S for the Sole Benefit | | | | of its Costumers | | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr. E. FL 3 | | | | Jacksonville, FL 32246-6484 | 248,243 | 13.24% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 227,184 | 12.12% |
| C | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716 | 239,207 | 12.76% |
| C | National Financial Services LLC | | | | Attn:Mutual Funds Dept 4th Fl. | | | | 499 Washington Blvd. | | | | Jersey City, NJ 07310-2010 | 120,653 | 6.43% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Fl. | | | | Jersey City, NJ 07311 | 130,823 | 6.98% |
| M | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 6,608 | 20.13% |
| M | Putnam Fiduciary Trust Co | | | | Giving Tree Inc. | | | | A/C Kathryn Cochran | | | | 240 Portage St. | | | | Oak Harbor, OH 43449-1443 | 5,626 | 17.14% |
| M | Putnam Fiduciary Trust Co | | | | James C. Wilson | | | | 233 W. South Park Ave. | | | | Oshkosh, WI 54902-6537 | 3,672 | 11.19% |
| M | Putnam Fiduciary Trust Co | | | | Barbara M. McCullen | | | | 9 41st St. Unit 123 | | | | Ocean City, MD 21842-6815 | 2,683 | 8.17% |
| M | Putnam Fiduciary Trust Co | | | | Stephen R. Romenesko | | | | N3564 Farrell Road | | | | Kaukauna, WI 54130-7859 | 2,513 | 7.66% |
| R | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Fl. | | | | Jersey City, NJ 07311 | 31,557 | 75.82% |
| R | Putnam Investment Holdings, LLC | | | | 1 Post Office Square | | | | Boston, MA 02109-2199 | 10,000 | 24.03% |
| R5 | Putnam Investment Holdings, LLC | | | | 1 Post Office Square | | | | Boston, MA 02109-2199 | 986 | 100% |
| R6** | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 198,309 | 99.51% |
| Y | Wells Fargo Bank FBO | | | | 1525 West WT Harris Blvd. | | | | Charlotte, NC 28288-1076 | 2,285,447 | 17.36% |
| Y | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 694,817 | 5.28% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| A | Ravi Akhoury | | | | 6 Pine Valley Way | | | | Florham Park, NJ 07932-2700 | 179 | 6.47% |
| Y*** | Putnam Retirement Ready 2050 | | | | Fund — A shares | 456,701 | 20.67% |
| Y*** | Putnam Retirement Ready 2050 | | | | Fund — Y shares | 200,339 | 9.07% |
| Y*** | Putnam Retirement Ready 2045 | | | | Fund — A shares | 323,627 | 14.65% |
| Y*** | Putnam Retirement Ready 2045 | | | | Fund — Y shares | 159,304 | 7.21% |
| Y*** | Putnam Retirement Ready 2040 | | | | Fund — A shares | 303,733 | 13.75% |
| Y*** | Putnam Retirement Ready 2040 | | | | Fund — R shares | 132,733 | 6.01% |
| Y*** | Putnam Retirement Ready 2035 | | | | Fund — A shares | 222,048 | 10.05% |
| Putnam Dynamic Asset Allocation Growth Fund | | A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 4,943,272 | 6.34% |
| A | National Financial Services, LLC | | | | For the Exclusive Benefit of our Customers | | | 200 Liberty Street, 5th Fl. | | | | One World Financial Center | | | | New York, NY 10281-5503 | 4,963,242 | 6.12% |
| A | Edward D Jones & Co | | | | Attn: Mutual Fund Shareholder Accounting | | | 201 Progress Pkwy | | | | Maryland Hts., MO 63043-3009 | 4,313,093 | 5.53% |
| B | National Financial Services, LLC | | | | For the Exclusive Benefit of our Customers | | | 200 Liberty Street, 5th Fl. | | | | One World Financial Center | | | | New York, NY 10281-5503 | 582,953 | 7.52% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 565,559 | 7.29% |
| B | Wells Fargo Advisors | | | | Special Custody Account for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 434,764 | 5.61% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 973,860 | 10.10% |
| C | Wells Fargo Advisors | | | | Special Custody Account for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 774,292 | 8.03% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 762,659 | 7.91% |
| C | MLPF&S For The Sole Benefit | | | | of Its Customers | | | | Attn Fund Administration | | | | 4800 Deer Lake Dr. E FL 3 | | | | Jacksonville, FL 32246-6484 | 563,666 | 5.85% |
| C | National Financial Services, LLC | | | | For the Exclusive Benefit | | | | of our Customers | | | | 200 Liberty Street, 5th Fl. | | | | One World Financial Center | | | | New York, NY 10281-5503 | 545,374 | 5.66% |
| M* | DTM Companies 401(k) Plan | 134,815 | 7.58% |
| R5 | Putnam LLC | | | | One Post Office Square | | | | Boston, MA 02109 | 3,238 | 100.00% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Dynamic Risk Allocation Fund (cont.) | | | Y | NFS LLC FBO | | | | Putnam Dynamic Asset Allocation Growth Fund (cont.) | | Putnam Dynamic Asset Allocation Growth Fund (cont.) | R6 | | Putnam LLC | | | | FMTC as Trustee for Delphi Alternative | | One Post Office Square | | | | 1 Spartan Way, #T520 | | | Boston, MA 02109 | 792 | 100.00% | | Merrimack, NH 03054-4300` | 5,358,911 | 40.71% |
| Y* | | Connecticut Pipe Trades Local | | |
|
| No. 77 Annuity Plan | 808,954 | 9.77% | Y | National Financial Services LLC | | | |
| |
| Y** | | Great-West Trust Company, LLC — | | | | Attn:Mutual Funds Dept 4th Fl. | | | Recordkeeping for various | | | | 499 Washington Blvd. | | | benefit plans | 1,420,842 | 17.16% | | Jersey City, NJ 07310-2010 | 2,289,260 | 17.39% |
| Y*** | | Putnam Retirement Ready 2035 | | |
|
| Fund — A shares | 639,313 | 7.72% | Putnam Emerging Markets Equity Fund | | | |
| |
| Y*** | | Putnam Retirement Ready 2035 | | | | | Fund— Y shares | 459,093 | 5.54% |
| |
| Y*** | | Putnam Retirement Ready 2030 | | | | | Fund — A shares | 680,011 | 8.21% |
| |
| Putnam Dynamic Risk Allocation Fund | | Putnam Dynamic Risk Allocation Fund | | | A | Pershing, LLC | | | Saxon & Co. | | | | 1 Pershing Plaza | | | PO Box 7780-1888 | | | | Jersey City, NJ 07303-2052 | 603,707 | 22.99% | Philadelphia, PA 19182-0001 | 228,495 | 5.13% |
| A | National Financial Services LLC | | | UBS WM USA | | | | For the Exclusive Benefit | | | Attn: Department Manager | | | | of Our Customers | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 986,966 | 22.16% |
| |
| A | | Pershing, LLC | | | | 489 Washington Blvd | | | 1 Pershing Plaza | | | | Jersey City, NJ 07303-2052 | 182,529 | 6.95% | Jersey City, NJ 07399-0001 | 313,735 | 7.04% |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07303-2052 | 37,838 | 16.02% | Jersey City, NJ 07399-0001 | 67,623 | 22.88% |
| B | Wells Fargo Advisors | | | MLPF&S for the Sole Benefit | | | | Special Custody Acct for the | | | of its Customers | | | | Exclusive Benefit of Customer | | | Attn: Fund Administration | | | | 2801 Market St. | | | 4800 Deer Lake Dr. E. FL 3 | | | | Saint Louis, MO 63103-2523 | 14,562 | 6.16% | Jacksonville, FL 32246-6484 | 61,598 | 20.84% |
| B | National Financial Services LLC | | | Raymond James | | | | For the Exclusive Benefit of Our Customers | | Attn: Courtney Waller | | | | 489 Washington Blvd | | | 880 Carillon Pkwy | | | | Jersey City, NJ 07303-2052 | 15,344 | 6.50% | St. Petersburg, FL 33716 | 28,223 | 9.55% |
| C | UBS WM USA | | | UBS WM USA | | | | Omni Account M/F | | | Attn: Department Manager | | | | Attm: Department Manager | | | 1000 Harbor Blvd | | | | 1000 Harbor Blvd | | | Weehawken, NJ 07086-6761 | 322,987 | 17.23% | | Weehawken, NJ 07086-6761 | 23,874 | 9.51% |
|
| | C | MLPF&S for the Sole Benefit | | | MLPF&S for the Sole Benefit | | | | of its Costumers | | | of its Costumers | | | | Attn: Fund Administration | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr. E. FL 3 | | | 4800 Deer Lake Dr. E. FL 3 | | | | Jacksonville, FL 32246-6484 | 23,233 | 9.26% | Jacksonville, FL 32246-6484 | 248,243 | 13.24% |
| C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07303-2052 | 26,591 | 10.59% | Jersey City, NJ 07399-0001 | 227,184 | 12.12% |
| C | Wells Fargo Advisors | | | Raymond James | | | | Special Custody Acct for the | | | Attn: Courtney Waller | | | | Exclusive Benefit of Customer | | | 880 Carillon Pkwy | | | | 2801 Market St. | | | St. Petersburg, FL 33716 | 239,207 | 12.76% | | Saint Louis, MO 63103-2523 | 16,925 | 6.49% |
|
| | C | LPL Financial | | | National Financial Services LLC | | | | 9785 Towne Centre Dr. | | | Attn:Mutual Funds Dept 4th Fl. | | | | San Diego, CA 92121-1968 | 15,102 | 6.02% | 499 Washington Blvd. | | |
|
| Jersey City, NJ 07310-2010 | 120,653 | 6.43% | M | RBC Capital Markets, LLC | | | | | 510 Marquette Ave S | | |
| | Minneapolis, MN 55402-1110 | 4,333 | 8.90% | |
| | M | Ameritrade, Inc. | | | | | PO Box 2226 | | | | | Omaha, NE 68103-2226 | 2,495 | 5.13% | |
| | M | National Financial Services LLC | | | | C | | Morgan Stanley Smith Barney | | | | For the Exclusive Benefit of Our Customers | | Harborside Financial Center | | | | 489 Washington Blvd | | | Plaza 2, 3rd Fl. | | | | Jersey City, NJ 07303-2052 | 5,580 | 11.46% | Jersey City, NJ 07311 | 130,823 | 6.98% |
| M | Mark Rutherford | | | LPL Financial | | | | SEP IRA Plan | | | Attn: Lindsay O’Toole | | | | 1001 N. Stockton Hill Road Ste. A | | | 9785 Towne Centre Dr. | | | | Kingman, AZ 86401-6277 | 3,745 | 7.69% | San Diego, CA 92121-1968 | 6,608 | 20.13% |
| M | Herman L. Zeller | | | Putnam Fiduciary Trust Co | | | | IRA Plan | | | Giving Tree Inc. | | | | 1941 Pamela St. | | | A/C Kathryn Cochran | | | | Oxnard, CA 93036-2799 | 3,570 | 7.33% | 240 Portage St. | | |
|
| Oak Harbor, OH 43449-1443 | 5,626 | 17.14% | M | Sarah A. Dobroth | | | | | PO BOX 368 | | |
| | Grover Beach, CA 93483-0368 | 2,723 | 5.59% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| M | | Putnam Fiduciary Trust Co | | | | | James C. Wilson | | | R | MG Trust Co. Cust. FBO | | | | | | 233 W. South Park Ave. | | | | | Oshkosh, WI 54902-6537 | 3,672 | 11.19% |
| |
| M | | Putnam Fiduciary Trust Co | | | | | Barbara M. McCullen | | | | | 9 41st St. Unit 123 | | | | | Ocean City, MD 21842-6815 | 2,683 | 8.17% |
| |
| M | | Putnam Fiduciary Trust Co | | | | Patenaude Wealth Management Inc, | | Stephen R. Romenesko | | | | 700 17th St, Ste 300 | | | N3564 Farrell Road | | | | Denver, CO 80202-3531 | 5,223 | 16.39% | Kaukauna, WI 54130-7859 | 2,513 | 7.66% |
| R | MG Trust Co. Cust. FBO | | | Morgan Stanley Smith Barney | | | | Brett S. Goymerac DDS OPC | | | Harborside Financial Center | | | | 700 17th St, Ste 300 | | | Plaza 2, 3rd Fl. | | | | Denver, CO 80202-3531 | 4,043 | 12.69% | Jersey City, NJ 07311 | 31,557 | 75.82% |
| R | MG Trust Co. Cust. FBO | | | Putnam Investment Holdings, LLC | | | | LCN Services | | | 1 Post Office Square | | | | 700 17th St, Ste 300 | | | Boston, MA 02109-2199 | 10,000 | 24.03% | | Denver, CO 80202-3531 | 3,231 | 10.14% |
|
| | R | MG Trust Co. Cust. FBO | | | | R5 | | Putnam Investment Holdings, LLC | | | | Choice One Builders LLC | | | 1 Post Office Square | | | | 700 17th St, Ste 300 | | | Boston, MA 02109-2199 | 986 | 100% | | Denver, CO 80202-3531 | 1,893 | 5.94% |
|
| | R | MG Trust Co. Cust. FBO | | | | | Fresh Girl Trading Inc | | | | | 700 17th St, Ste 300 | | | | | Denver, CO 80202-3531 | 1,715 | 5.38% | |
| | R | Bridgeport CT Board of Education | | | | | 403(b) Plan | | | | | A/C John M. Fabrizi | | | | | 120 Doreen Dr. | | | | | Bridgeport, CT 06604-1001 | 1,723 | 5.41% | |
| | R | Merrill Lynch | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | R6** | | Great-West Trust Company, LLC | | | | Jacksonville, FL 32246-6484 | 3,520 | 11.05% | The Putnam Retirement Plan | 198,309 | 99.51% |
| Y | Merrill Lynch | | | Wells Fargo Bank FBO | | | | 4800 Deer Lake Dr. E. FL 3 | | | 1525 West WT Harris Blvd. | | | | Jacksonville, FL 32246-6484 | 63,928 | 10.25% | Charlotte, NC 28288-1076 | 2,285,447 | 17.36% |
| Y**** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 368,009 | 58.99% | |
| | Putnam Emerging Markets Income Fund | | | | A | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,013,527 | 97.97% | |
| | B | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,014 | 47.77% | |
| | B | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 985 | 46.40% | |
| | B | David C. Hartke IRA Rollover Plan | | | | | 3666 Ripplegrove Dr. | | | | | Cincinnati, OH 45251 | 124 | 5.83% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 10,312 | 87.59% | |
| | C | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,013 | 8.61% | |
| | M | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,016 | 45.41% | |
| | M | Terry L. Masterson TOD | | | | | Multiple Beneficiaries | | | | | 7150 Buckskin Trl | | | | | Peoria, AZ 85383-7204 | 596 | 26.63% | |
| | M | Kelly D. Herriman ROTH IRA Plan | | | | | 5821 County Road 550 | | | | | Marquette, MI 49855-9755 | 403 | 17.99% | |
| | M | Kelly D. Herriman IRA Plan | | | | Y | | Pershing, LLC | | | | 5821 County Road 550 | | | 1 Pershing Plaza | | | | Marquette, MI 49855-9755 | 223 | 9.97% | Jersey City, NJ 07399-0001 | 694,817 | 5.28% |
| Y | Great-West Trust Co LLC FBO PUT INV | | NFS LLC FBO | | | | The Putnam Retirement Plan | | | FMTC as Trustee for Delphi Alternative | | | 8515 E. Orchard Rd, #2T2 | | | 1 Spartan Way, #T520 | | | | Greenwood Village, CO 80111-5002 | 7,356 | 12.62% | Merrimack, NH 03054-4300 | 5,358,911 | 40.71% |
| Y | Jameson A. Baxter & Reginald Baxter | | National Financial Services LLC | | | | 626 Old Bard Rd. | | | Attn:Mutual Funds Dept 4th Fl. | | | | LK Barrington, IL 60010-6203 | 4,990 | 8.56% | 499 Washington Blvd. | | |
|
| Jersey City, NJ 07310-2010 | 2,289,260 | 17.39% |
| |
| Putnam Emerging Markets Equity Fund | | Putnam Emerging Markets Equity Fund | | | A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07303-2052 | 603,707 | 22.99% |
| |
| A | | National Financial Services LLC | | | | | For the Exclusive Benefit | | | | | of Our Customers | | | | | 489 Washington Blvd | | | | | Jersey City, NJ 07303-2052 | 182,529 | 6.95% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07303-2052 | 37,838 | 16.02% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 14,562 | 6.16% |
| |
| B | | National Financial Services LLC | | | | | For the Exclusive Benefit of Our Customers | | | | 489 Washington Blvd | | | | | Jersey City, NJ 07303-2052 | 15,344 | 6.50% |
| |
| C | | UBS WM USA | | | | | Omni Account M/F | | | | | Attm: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 23,874 | 9.51% |
| |
| C | | MLPF&S for the Sole Benefit | | | | | of its Costumers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 23,233 | 9.26% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Emerging Markets Income Fund (cont.) | | | Y | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 4,850 | 8.32% | |
| | Y | Barbara M. Baumann | | | | | 110 Eudora St. | | | | | Denver, CO 80220-6314 | 3,496 | 6.00% | |
| | Y | Great-West Trust Co LLC FBO PUT INV | | | | Executive DEF Comp Pl 401k | | | | | C/O Fascore, LLC | | | | | 8515 E. Orchard Rd, #2T2 | | | | | Greenwood Village, Co 80111-5002 21,786 | 37.39% | |
| | Y | Kevin F. Murphy & Lana Murphy | | | | | 14 Sears Rd. | | | | | Wayland, MA 01778-2116 | 11,021 | 18.91% | |
| | Putnam Equity Income Fund | | | | A | Edward D. Jones & Co. | | | | | 201 Progress Pkwy | | | | | Maryland Heights, MO | | | | | 63043-3009 | 15,672,950 | 10.05% | |
| | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 11,813,667 | 7.57% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 9,163,048 | 5.87% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 368,610 | 7.19% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 312,340 | 6.09% | |
| | B | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 304,676 | 5.94% | |
| | B | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 268,948 | 5.25% | |
| | Putnam Emerging Markets Equity Fund (cont.) | | Putnam Emerging Markets Equity Fund (cont.) | | C | MLPF&S | | | Pershing, LLC | | | | 4800 Deer Lake Dr., E. FL 3 | | | 1 Pershing Plaza | | | | Jacksonville, FL 32246-6484 | 1,774,840 | 18.14% | Jersey City, NJ 07303-2052 | 26,591 | 10.59% |
| C | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | Special Custody Acct for the | | | | Jersey City, NJ 07399-0001 | 1,056,508 | 10.80% | Exclusive Benefit of Customer | | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 766,266 | 7.83% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 759,557 | 7.76% | |
| | C | UBS WM USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 718,179 | 7.34% | |
| | C | National Financial Services, LLC | | | | | 499 Washington Blvd | | | 2801 Market St. | | | | Jersey City, NJ 07310-2010 | 523,624 | 5.35% | Saint Louis, MO 63103-2523 | 16,925 | 6.49% |
| C | Raymond James | | | LPL Financial | | | | 880 Carillon Pkwy | | | 9785 Towne Centre Dr. | | | | St. Petersburg, FL 33716-1100 | 532,618 | 5.44% | San Diego, CA 92121-1968 | 15,102 | 6.02% |
| M | National Financial Services, LLC | | | RBC Capital Markets, LLC | | | | 499 Washington Blvd | | | 510 Marquette Ave S | | | | Jersey City, NJ 07310-2010 | 104,711 | 5.19% | Minneapolis, MN 55402-1110 | 4,333 | 8.90% |
| M | Edward D. Jones & Co. | | | Ameritrade, Inc. | | | | 201 Progress Pkwy | | | PO Box 2226 | | | | Maryland Heights, MO 63043-3009 | 312,122 | 15.46% | Omaha, NE 68103-2226 | 2,495 | 5.13% |
| M | Morgan Stanley Smith Barney | | | National Financial Services LLC | | | | Harborside Financial Center | | | For the Exclusive Benefit of Our Customers | | | Plaza 2, 3rd Floor | | | 489 Washington Blvd | | | | Jersey City, NJ 07311 | 102,746 | 5.09% | Jersey City, NJ 07303-2052 | 5,580 | 11.46% |
| M | | Mark Rutherford | | | | | SEP IRA Plan | | | | | 1001 N. Stockton Hill Road Ste. A | | | | | Kingman, AZ 86401-6277 | 3,745 | 7.69% |
| |
| M | | Herman L. Zeller | | | | | IRA Plan | | | | | 1941 Pamela St. | | | | | Oxnard, CA 93036-2799 | 3,570 | 7.33% |
| |
| M | | Sarah A. Dobroth | | | | | PO BOX 368 | | | | | Grover Beach, CA 93483-0368 | 2,723 | 5.59% |
| |
| R | | MG Trust Co. Cust. FBO | | | | | Patenaude Wealth Management Inc, | | | | 700 17th St, Ste 300 | | | | | Denver, CO 80202-3531 | 5,223 | 16.39% |
| |
| R | | MG Trust Co. Cust. FBO | | | | | Brett S. Goymerac DDS OPC | | | | | 700 17th St, Ste 300 | | | | | Denver, CO 80202-3531 | 4,043 | 12.69% |
| |
| R | | MG Trust Co. Cust. FBO | | | | | LCN Services | | | | | 700 17th St, Ste 300 | | | | | Denver, CO 80202-3531 | 3,231 | 10.14% |
| |
| R | | MG Trust Co. Cust. FBO | | | | | Choice One Builders LLC | | | | | 700 17th St, Ste 300 | | | | | Denver, CO 80202-3531 | 1,893 | 5.94% |
| |
| R | | MG Trust Co. Cust. FBO | | | | | Fresh Girl Trading Inc | | | | | 700 17th St, Ste 300 | | | | | Denver, CO 80202-3531 | 1,715 | 5.38% |
| |
| R | | Bridgeport CT Board of Education | | | | | 403(b) Plan | | | | | A/C John M. Fabrizi | | | | | 120 Doreen Dr. | | | | | Bridgeport, CT 06604-1001 | 1,723 | 5.41% |
| |
| R | | Merrill Lynch | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 3,520 | 11.05% |
| |
| Y | | Merrill Lynch | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 63,928 | 10.25% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 368,009 | 58.99% |
| |
| Putnam Emerging Markets Income Fund | | Putnam Emerging Markets Income Fund | | | A | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,013,527 | 97.97% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| B | | Putnam, LLC | | | | | One Post Office Square | | | R | State Street Bank TTEE | | | | | | Boston, MA 02109 | 1,014 | 47.77% |
| |
| B | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 985 | 46.40% |
| |
| B | | David C. Hartke IRA Rollover Plan | | | | | 3666 Ripplegrove Dr. | | | | | Cincinnati, OH 45251 | 124 | 5.83% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 10,312 | 87.59% |
| |
| C | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,013 | 8.61% |
| |
| M | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,016 | 45.41% |
| |
| M | | Terry L. Masterson TOD | | | | ADP Access | | | Multiple Beneficiaries | | | | 1 Lincoln St. | | | 7150 Buckskin Trl | | | | Boston, MA 02111-2901 | 1,626,969 | 35.54% | Peoria, AZ 85383-7204 | 596 | 26.63% |
| R | Hartford Life Insurance Co. | | | | M | | Kelly D. Herriman ROTH IRA Plan | | | | DC III Separate Acct Cl R | | | 5821 County Road 550 | | | | Attn: UIT Operations | | | Marquette, MI 49855-9755 | 403 | 17.99% | | 1 Griffin Rd N | | |
| | Windsor, CT 06095-1512 | 905,955 | 19.79% | |
| | R | MLPF&S | | | | M | | Kelly D. Herriman IRA Plan | | | | 4800 Deer Lake Dr. E., FL 3 | | | 5821 County Road 550 | | | | Jacksonville, FL 32246-6484 | 322,903 | 7.05% | Marquette, MI 49855-9755 | 223 | 9.97% |
| R5 | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 669 | 100.00% | |
| | R6 | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,253,774 | 17.63% | |
| | R6 | JP Morgan Chase TTEE FBO | | | | | TJX Companies, INc. General | | | | Y | | Great-West Trust Co LLC FBO PUT INV | | | | Savings/Profit Sharing Plan | | | The Putnam Retirement Plan | | | | 11500 Outlook St. | | | 8515 E. Orchard Rd, #2T2 | | | | Overland Park, KS 66211-1804 | 5,027,041 | 70.67% | Greenwood Village, CO 80111-5002 | 7,356 | 12.62% |
| Y | National Financial Services, LLC | | | Jameson A. Baxter & Reginald Baxter | | | | 499 Washington Blvd | | | 626 Old Bard Rd. | | | | Jersey City, NJ 07310-2010 | 5,730,945 | 10.86% | LK Barrington, IL 60010-6203 | 4,990 | 8.56% |
| Y | Charles Schwab & Co., Inc. | | | Pershing, LLC | | | | 101 Montgomery St. | | | 1 Pershing Plaza | | | | San Francisco, CA 94104-4151 | 2,863,907 | 5.43% | Jersey City, NJ 07399-0001 | 4,850 | 8.32% |
| Y** | Great-West Trust Company, LLC — | | | Y | | Barbara M. Baumann | | | | Recordkeeping for various | | | 110 Eudora St. | | | | benefit plans | 10,194,002 | 19.33% | Denver, CO 80220-6314 | 3,496 | 6.00% |
| Y* | IBEW Local 3 | 3,777,252 | 7.16% | |
| | Y* | Marsh & McLennan Supplemental | | | | | Retirement Plan | 3,428,456 | 6.50% | |
| | Putnam Equity Spectrum Fund | | | | C | UBS WM USA | | | | Y | | Great-West Trust Co LLC FBO PUT INV | | | | 1000 Harbor Blvd | | | Executive DEF Comp Pl 401k | | | | Weehawken, NJ 07086-6761 | 524,161 | 9.31% | C/O Fascore, LLC | | |
|
| 8515 E. Orchard Rd, #2T2 | | | A | National Financial Services, LLC | | | | | | Greenwood Village, Co 80111-5002 | 21,786 | 37.39% |
| |
| Y | | Kevin F. Murphy & Lana Murphy | | | | 499 Washington Blvd | | | 14 Sears Rd. | | | | Jersey City, NJ 07310-2010 | 8,368,984 | 33.22% | Wayland, MA 01778-2116 | 11,021 | 18.91% |
| Putnam Equity Income Fund | | Putnam Equity Income Fund | | | A | UBS WM USA | | | Edward D. Jones & Co. | | | | | 201 Progress Pkwy | | | | 1000 Harbor Blvd | | | Maryland Heights, MO | | | | Weehawken, NJ 07086-6761 | 2,882,648 | 11.44% | 63043-3009 | 15,672,950 | 10.05% |
| A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 2,214,790 | 8.79% | Jersey City, NJ 07310-2010 | 11,813,667 | 7.57% |
| A | LPL Financial | | | Pershing, LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121-1968 | 1,567,505 | 6.22% | Jersey City, NJ 07399-0001 | 9,163,048 | 5.87% |
| B | MLPF&S | | | Wells Fargo Advisors | | | | 4800 Deer Lake Dr., E. FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 156,706 | 18.605 | St. Louis, MO 63103-2523 | 368,610 | 7.19% |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 128,539 | 15.26% | Jersey City, NJ 07399-0001 | 312,340 | 6.09% |
| B | Wells Fargo Advisors | | | MLPF&S | | | | 2801 Market St. | | | 4800 Deer Lake Dr., E., FL 3 | | | | St. Louis, MO 63103-2523 | 117,568 | 13.95% | Jacksonville, FL 32246-6484 | 304,676 | 5.94% |
| C | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,048,251 | 18.61% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 653,537 | 11.60% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 679,682 | 12.07% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Equity Income Fund (cont.) | | Putnam Equity Income Fund (cont.) | | | B | | National Financial Services, LLC | | | | | 499 Washington Blvd | | | Putnam Equity Spectrum Fund (cont.) | | | | | | Jersey City, NJ 07310-2010 | 268,948 | 5.25% |
| |
| C | | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,774,840 | 18.14% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,056,508 | 10.80% |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 766,266 | 7.83% |
| |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 759,557 | 7.76% |
| |
| C | Pershing, LLC | | | UBS WM USA | | | | 1 Pershing Plaza | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07399-0001 | 679,617 | 12.07% | Weehawken, NJ 07086-6761 | 718,179 | 7.34% |
| C | Raymond James | | | National Financial Services, LLC | | | | 880 Carillon Pkwy | | | 499 Washington Blvd | | | | St. Petersburg, FL 33716-1100 | 587,959 | 10.44% | Jersey City, NJ 07310-2010 | 523,624 | 5.35% |
| C | National Financial Services, LLC | | | Raymond James | | | | 499 Washington Blvd | | | 880 Carillon Pkwy | | | | Jersey City, NJ 07310-2010 | 283,225 | 5.03% | St. Petersburg, FL 33716-1100 | 532,618 | 5.44% |
| M | National Financial Services, LLC | | | National Financial Services, LLC | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 11,870 | 17.94% | Jersey City, NJ 07310-2010 | 104,711 | 5.19% |
| M | Pershing, LLC | | | Edward D. Jones & Co. | | | | 1 Pershing Plaza | | | 201 Progress Pkwy | | | | Jersey City, NJ 07399-0001 | 11,131 | 16.83% | Maryland Heights, MO 63043-3009 | 312,122 | 15.46% |
| M | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 8,882 | 13.43% | Jersey City, NJ 07311 | 102,746 | 5.09% |
| M | LPL Financial | | | | R | | State Street Bank TTEE | | | | 9785 Towne Centre Dr. | | | ADP Access | | | | San Diego, CA 92121-1968 | 4,239 | 6.41% | |
| | M | Wells Fargo Advisors | | | | | 2801 Market St. | | | 1 Lincoln St. | | | | St. Louis, MO 63103-2523 | 4,949 | 7.48% | Boston, MA 02111-2901 | 1,626,969 | 35.54% |
| R | FIIOC | | | Hartford Life Insurance Co. | | | | FBO — Darrenkamp’s Mount | | | DC III Separate Acct Cl R | | | | Joy Market, Inc. 401k Plan | | | Attn: UIT Operations | | | | 100 Magellan Way | | | 1 Griffin Rd N | | | | Covington, KY 41015-1987 | 18,690 | 13.42% | Windsor, CT 06095-1512 | 905,955 | 19.79% |
| R | MLPF&S | | | MLPF&S | | | | 4800 Deer Lake Dr., E. FL 3 | | | 4800 Deer Lake Dr. E., FL 3 | | | | Jacksonville, FL 32246-6484 | 17,633 | 12.66% | Jacksonville, FL 32246-6484 | 322,903 | 7.05% |
| R | Pershing, LLC | | | | R5 | | Putnam LLC | | | | 1 Pershing Plaza | | | One Post Office Square | | | | Jersey City, NJ 07399-0001 | 9,046 | 6.49% | Boston, MA 02109 | 669 | 100.00% |
| R | Christopher Mooney | | | | R6 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,253,774 | 17.63% |
| |
| R6 | | JP Morgan Chase TTEE FBO | | | | | TJX Companies, INc. General | | | | 701 Madison St. | | | Savings/Profit Sharing Plan | | | | PO Box 71 | | | 11500 Outlook St. | | | | New Lexington, OH 43764-0001 | 10,480 | 7.52% | Overland Park, KS 66211-1804 | 5,027,041 | 70.67% |
| Y | LPL Financial | | | National Financial Services, LLC | | | | 9785 Towne Centre Dr. | | | 499 Washington Blvd | | | | San Diego, CA 92121-1968 | 3,779,559 | 19.75% | Jersey City, NJ 07310-2010 | 5,730,945 | 10.86% |
| Y | MLPF&S | | | Charles Schwab & Co., Inc. | | | | 4800 Deer Lake Dr., E. FL 3 | | | 101 Montgomery St. | | | | Jacksonville, FL 32246-6484 | 3,358,312 | 17.55% | San Francisco, CA 94104-4151 | 2,863,907 | 5.43% |
| Y | Pershing, LLC | | | | Y** | | Great-West Trust Company, LLC — | | | 1 Pershing Plaza | | | Recordkeeping for various | | | | Jersey City, NJ 07399-0001 | 2,382,944 | 12.45% | benefit plans | 10,194,002 | 19.33% |
| Y | Wells Fargo Advisors | | | | Y* | | IBEW Local 3 | 3,777,252 | 7.16% |
| |
| Y* | | Marsh & McLennan Supplemental | | | | 2801 Market St. | | | Retirement Plan | 3,428,456 | 6.50% | | St. Louis, MO 63103-2523 | 2,387,130 | 12.47% |
|
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 2,283,170 | 11.93% | |
| | Y | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 990,641 | 5.18% | |
| | Y | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 978,941 | 5.11% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Europe Equity Fund | | | | Putnam Equity Spectrum Fund | | Putnam Equity Spectrum Fund | | | A | National Financial Services LLC | | | National Financial Services, LLC | | | | For the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl. | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 593,529 | 8.85% | Jersey City, NJ 07310-2010 | 8,368,984 | 33.22% |
| A | Pershing, LLC | | | UBS WM USA | | | | 1 Pershing Plaza | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07399-0001 | 544,784 | 8.13% | Weehawken, NJ 07086-6761 | 2,882,648 | 11.44% |
| A | Wells Fargo Advisors | | | Pershing, LLC | | | | Special Custody Acct for the | | | 1 Pershing Plaza | | | | Exclusive Benefit of Customer | | | Jersey City, NJ 07399-0001 | 2,214,790 | 8.79% | | 2801 Market St. | | |
| A | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 1,567,505 | 6.22% |
| |
| B | | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 156,706 | 18.605 |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | Saint Louis, MO 63103-2523 | 413,311 | 6.17% | Jersey City, NJ 07399-0001 | 128,539 | 15.26% |
| B | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 13,830 | 9.79% | St. Louis, MO 63103-2523 | 117,568 | 13.95% |
| C | MLPF&S | | | MLPF&S | | | | For the Sole Benefit of its Customers | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,048,251 | 18.61% |
| |
| C | | Morgan Stanley Smith Barney | | | | Attn: Fund Administration | | | Harborside Financial Center | | | | 4800 Deer Lake Dr. E. FL 3 | | | Plaza 2, 3rd Floor | | | | Jacksonville, FL 32246-6484 | 38,531 | 24.01% | Jersey City, NJ 07311 | 653,537 | 11.60% |
| C | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 23,579 | 14.69% | St. Louis, MO 63103-2523 | 679,682 | 12.07% |
| C | Morgan Stanley Smith Barney | | | Pershing, LLC | | | | Harborside Financial Center | | | 1 Pershing Plaza | | | | Plaza 2, 3rd Floor | | | Jersey City, NJ 07399-0001 | 679,617 | 12.07% | | Jersey City, NJ 07311 | 15,563 | 9.70% |
| C | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 587,959 | 10.44% |
| |
| C | | UBS WM USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 524,161 | 9.31% |
| |
| C | | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 283,225 | 5.03% |
| M | SMBC Friend Securities Co., Ltd. | | | National Financial Services, LLC | | | | Product Acmin. & Operations Group | | | 499 Washington Blvd | | | | Investment Trust & Insurance Group | | | Jersey City, NJ 07310-2010 | 11,870 | 17.94% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 11,131 | 16.83% |
| |
| M | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 8,882 | 13.43% |
| |
| M | | LPL Financial | | | | 7-12, Nihonbashi-Kabutocho | | | 9785 Towne Centre Dr. | | | | Chuo-Ku, Tokyo 103-8221 Japan | 39,410 | 31.08% | San Diego, CA 92121-1968 | 4,239 | 6.41% |
| M | Mr. Spencer Covey | | | Wells Fargo Advisors | | | | 576 Maple St. | | | 2801 Market St. | | | | San Mateo, CA 94402-2017 | 13,250 | 10.45% | St. Louis, MO 63103-2523 | 4,949 | 7.48% |
| R | MG Trust Company Cust. FBO | | | FIIOC | | | | Southern Cross Aviation LLC | | | FBO — Darrenkamp’s Mount | | | | 717 17th St. Ste. 1300 | | | Joy Market, Inc. 401k Plan | | | | Denver, CO 80202-3304 | 2,421 | 23.85% | 100 Magellan Way | | |
|
| Covington, KY 41015-1987 | 18,690 | 13.42% |
| |
| R | MG Trust Company Cust. FBO | | | MLPF&S | | | | Wyde Corp. | | | | | 717 17th St. Ste. 1300 | | | 4800 Deer Lake Dr., E. FL 3 | | | | Denver, CO 80202-3304 | 1,451 | 14.29% | Jacksonville, FL 32246-6484 | 17,633 | 12.66% |
| R | MG Trust Company Cust. FBO | | | Pershing, LLC | | | | Ambiopharm Inc. | | | 1 Pershing Plaza | | | | 717 17th St. Ste. 1300 | | | Jersey City, NJ 07399-0001 | 9,046 | 6.49% | | Denver, CO 80202-3304 | 794 | 7.82% |
|
| | R | MG Trust Company Cust. FBO | | | | | Bauch Zucker Hatfield LLC | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 760 | 7.49% | |
| | R | MG Trust Company Cust. FBO | | | | | Sidra S. Qazi | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 647 | 6.37% | |
| | R | MG Trust Company Cust. FBO | | | | | Nina Inc | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 571 | 5.62% | |
| | Y | Great-West Trust Co LLC | | | | | Recordkeeping for Various | | | | | Benefit Plans | | | | | 8515 E. Orchard Rd, #2T2 | | | | | Greenwood Village, CO 80111-5002 | 202,960 | 36.33% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Equity Spectrum Fund (cont.) | | Putnam Equity Spectrum Fund (cont.) | | | R | | Christopher Mooney | | | | | 701 Madison St. | | | Putnam Europe Equity Fund (cont.) | | | | | | PO Box 71 | | | | | New Lexington, OH 43764-0001 | 10,480 | 7.52% |
| |
| Y | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 3,779,559 | 19.75% |
| |
| Y | | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 3,358,312 | 17.55% |
| |
| Y | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 2,382,944 | 12.45% |
| |
| Y | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 2,387,130 | 12.47% |
| |
| Y | Great-West Trust Co LLC | | | Morgan Stanley Smith Barney | | | | The Putnam Retirement Plan | | | Harborside Financial Center | | | | 8515 E. Orchard Rd, #2T2 | | | Plaza 2, 3rd Floor | | | | Greenwood Village, CO 80111-5002 | 171,269 | 30.66% | Jersey City, NJ 07311 | 2,283,170 | 11.93% |
| Y | Morgan Stanley Smith Barney | | | Charles Schwab & Co., Inc. | | | | Harborside Financial Center | | | 101 Montgomery St. | | | | Plaza 2, 3rd Floor | | | San Francisco, CA 94104-4151 | 990,641 | 5.18% | | Jersey City, NJ 07311 | 71,057 | 12.72% |
| Y | | National Financial Services, LLC | | |
|
| 499 Washington Blvd | | | Putnam Floating Rate Income Fund | | | | | | Jersey City, NJ 07310-2010 | 978,941 | 5.11% |
| |
| Putnam Europe Equity Fund | | Putnam Europe Equity Fund | | | A | National Financial Services, LLC | | | National Financial Services LLC | | | | For the Exclusive Benefit | | | For the Exclusive Benefit | | | | of its Customers | | | of Our Customers | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Attn: Mutual Funds Dept 4th Fl. | | | Attn: Mutual Funds Dept. 4th Fl. | | | | Jersey City, NJ 07310-2010 | 7,389,964 | 16.33% | Jersey City, NJ 07310-2010 | 593,529 | 8.85% |
| A | UBS Wealth Management USA | | | Pershing, LLC | | | | 1000 Harbor Blvd | | | 1 Pershing Plaza | | | | Weehawken, NJ 07086-6761 | 5,636,014 | 12.46% | Jersey City, NJ 07399-0001 | 544,784 | 8.13% |
| A | Morgan Stanley Smith Barney | | | Wells Fargo Advisors | | | | Harborside Financial Center | | | Special Custody Acct for the | | | | Plaza 2, 3rd Fl. | | | Exclusive Benefit of Customer | | | | Jersey City, NJ 07311 | 5,204,087 | 11.50% | 2801 Market St. | | |
|
| Saint Louis, MO 63103-2523 | 413,311 | 6.17% | A | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 4,255,262 | 9.40% | |
| | A | MLPF&S | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 3,403,758 | 7.52% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 3,791,947 | 8.38% | |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 342,038 | 16/43% | Jersey City, NJ 07399-0001 | 13,830 | 9.79% |
| B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 297,812 | 14.31% | |
| | B | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 155,011 | 7.45% | |
| | B | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 223,183 | 10.72% | |
| | B | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | C | | MLPF&S | | | | of its Customers | | | For the Sole Benefit of its Customers | | | 499 Washington Blvd | | | Attn: Fund Administration | | | | Attn: Mutual Funds Dept 4th Fl. | | | 4800 Deer Lake Dr. E. FL 3 | | | | Jersey City, NJ 07310-2010 | 183,337 | 8.81% | Jacksonville, FL 32246-6484 | 38,531 | 24.01% |
| C | UBS Wealth Management USA | | | Pershing, LLC | | | | 1000 Harbor Blvd | | | 1 Pershing Plaza | | | | Weehawken, NJ 07086-6761 | 1,687,465 | 12.46% | Jersey City, NJ 07399-0001 | 23,579 | 14.69% |
| C | Wells Fargo Advisors | | | Morgan Stanley Smith Barney | | | | 2801 Market St. | | | Harborside Financial Center | | | | St. Louis, MO 63103-2523 | 1,692,229 | 12.50% | Plaza 2, 3rd Floor | | |
|
| Jersey City, NJ 07311 | 15,563 | 9.70% | C | Pershing, LLC | | | | | 1 Pershing Plaza | | |
| | Jersey City, NJ 07399-0001 | 1,521,640 | 11.24% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 1,200,971 | 8.87% | |
| | C | MLPF&S | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,246,529 | 9.21% | |
| | C | LPL Financial | | | | M | | SMBC Friend Securities Co., Ltd. | | | | Omnibus Customer Account | | | Product Admin. & Operations Group | | | Attn: Lindsay O’Toole | | | Investment Trust & Insurance Group | | | | 9785 Towne Centre Dr. | | | 7-12, Nihonbashi-Kabutocho | | | | San Diego, CA 92121-1968 | 914,123 | 6.75% | Chuo-Ku, Tokyo 103-8221 Japan | 39,410 | 31.08% |
| M | | Mr. Spencer Covey | | | | | 576 Maple St. | | | | | San Mateo, CA 94402-2017 | 13,250 | 10.45% |
| |
| R | | MG Trust Company Cust. FBO | | | | | Southern Cross Aviation LLC | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 2,421 | 23.85% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | | C | Charles Schwab & CO Inc. | | | | | Clearing Account | | | | | For the Exclusive Benefit | | | | | of Their Customers | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 748,696 | 5.53% | |
| | C | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of its Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 1,108,520 | 8.19% | |
| | M | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 238,957 | 33.32% | |
| | M | UBS Wealth Management USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 114,960 | 15.99% | |
| | M | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of its Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 105,545 | 14.72% | |
| | M | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 55,216 | 7.70% | |
| | M | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 41,223 | 5.75% | |
| | R | Alerus Financial | | | | | FBO — 5CMHC Retirement Plan | | | | | PO Box 64535 | | | | | St. Paul, MN 55164-0535 | 12,285 | 22.39% | |
| | R | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 8.099 | 14.76% | |
| R | MG Trust Company | | | MG Trust Company Cust. FBO | | | | FBO — Brown Kinsey Funkhouser and Lander | | Wyde Corp. | | | | 717 17th St. Ste 1300 | | | 717 17th St. Ste. 1300 | | | | Denver, CO 80202-3531 | 6,520 | 11.88% | Denver, CO 80202-3304 | 1,451 | 14.29% |
| R | MG Trust Company | | | MG Trust Company Cust. FBO | | | | FBO — Elan Marketing, Inc. | | | Ambiopharm Inc. | | | | 717 17th St. Ste 1300 | | | 717 17th St. Ste. 1300 | | | | Denver, CO 80202-3531 | 4,079 | 7.43% | Denver, CO 80202-3304 | 794 | 7.82% |
| R | MG Trust Company | | | MG Trust Company Cust. FBO | | | | FBO — Valor Company, Inc | | | Bauch Zucker Hatfield LLC | | | | 717 17th St. Ste 1300 | | | 717 17th St. Ste. 1300 | | | | Denver, CO 80202-3531 | 3,940 | 7.18% | Denver, CO 80202-3304 | 760 | 7.49% |
| R | MG Trust Company | | | MG Trust Company Cust. FBO | | | | FBO — KLP Tax and Financial Group, Inc | | Sidra S. Qazi | | | | 717 17th St. Ste 1300 | | | 717 17th St. Ste. 1300 | | | | Denver, CO 80202-3531 | 3,025 | 5.51% | Denver, CO 80202-3304 | 647 | 6.37% |
| R | Frontier Trust Company | | | MG Trust Company Cust. FBO | | | | GeoTechnologies, INc. 40lk Pension Plan | | Nina Inc | | | | PO Box 10758 | | | 717 17th St. Ste. 1300 | | | | Fargo, ND 58106-0758 | 6,424 | 11.71% | Denver, CO 80202-3304 | 571 | 5.62% |
| Y | Wells Fargo Advisors | | | Great-West Trust Co LLC | | | | 2801 Market St. | | | Recordkeeping for Various | | | | St. Louis, MO 63103-2523 | 6,824,196 | 16.29% | Benefit Plans | | |
|
| 8515 E. Orchard Rd, #2T2 | | | Y | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 2,793,354 | 6.67% | Greenwood Village, CO 80111-5002 | 202,960 | 36.33% |
| Y | MLPF&S | | | Great-West Trust Co LLC | | | | | The Putnam Retirement Plan | | | | 4800 Deer Lake Dr. E. FL 3 | | | 8515 E. Orchard Rd, #2T2 | | | | Jacksonville, FL 32246-6484 | 3,076,020 | 7.34% | Greenwood Village, CO 80111-5002 | 171,269 | 30.66% |
| Y | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Fl. | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 2,692,209 | 6.43% | Jersey City, NJ 07311 | 71,057 | 12.72% |
| Putnam Floating Rate Income Fund | | Putnam Floating Rate Income Fund | | | A | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of its Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 7,389,964 | 16.33% |
| |
| A | | UBS Wealth Management USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 5,636,014 | 12.46% |
| |
| A | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 5,204,087 | 11.50% |
| |
| A | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 4,255,262 | 9.40% |
| |
| A | | MLPF&S | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 3,403,758 | 7.52% |
| |
| A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 3,791,947 | 8.38% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 342,038 | 16/43% |
| |
| B | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 297,812 | 14.31% |
| |
| B | | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 155,011 | 7.45% |
| |
| B | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 223,183 | 10.72% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | The George Putnam Fund of Boston | | | | (d/b/a George Putnam Balanced Fund) | | | | A | Edward D Jones & Co. | | | | | Attn: Mutual Fund Shareholder | | | | | 201 Progress Pkwy | | | | | Maryland Hts, MO 63043-3009 | 4,420,047 | 6.41 % | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 3,603,459 | 5.23% | |
| | A | Great-West Trust Company, LLC | | | | Putnam Floating Rate Income Fund (cont.) | | Putnam Floating Rate Income Fund (cont.) | | B | | National Financial Services, LLC | | | | Recordkeeper for Various Benefit Plans | | For the Exclusive Benefit | | | | 8515 E Orchard Rd. 2T2 | | | of its Customers | | | | Greenwood Village, | | | 499 Washington Blvd | | | | CO 80111-5002 | 4,436,100 | 6.43% | Attn: Mutual Funds Dept 4th Fl. | | |
|
| Jersey City, NJ 07310-2010 | 183,337 | 8.81% | B | Pershing, LLC | | | |
| |
| C | | UBS Wealth Management USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 1,687,465 | 12.46% |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 1,692,229 | 12.50% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,521,640 | 11.24% |
| |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 1,200,971 | 8.87% |
| |
| C | | MLPF&S | | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr. E. FL 3 | | | | Jersey City, NJ 07399-0001 | 124,645 | 7.03% | Jacksonville, FL 32246-6484 | 1,246,529 | 9.21% |
| C | Wells Fargo Advisors | | | LPL Financial | | | | Special Custody Acct For The Exclusive | | Omnibus Customer Account | | | | Benefit of Customers | | | Attn: Lindsay O’Toole | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | Saint Louis, MO 63103-2523 | 137,525 | 8.48% | San Diego, CA 92121-1968 | 914,123 | 6.75% |
| C | Pershing, LLC | | | Charles Schwab & CO Inc. | | | | 1 Pershing Plaza | | | Clearing Account | | | | Jersey City, NJ 07399-0001 | 114,161 | 7.04% | For the Exclusive Benefit | | |
|
| of Their Customers | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 748,696 | 5.53% |
| |
| C | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of its Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 1,108,520 | 8.19% |
| |
| M | State Street Bank Ttee | | | Morgan Stanley Smith Barney | | | | Fbo ADP Access | | | Harborside Financial Center | | | | | Plaza 2, 3rd Fl. | | | | | Jersey City, NJ 07311 | 238,957 | 33.32% |
| |
| M | | UBS Wealth Management USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 114,960 | 15.99% |
| |
| M | | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of its Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 105,545 | 14.72% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 55,216 | 7.70% |
| |
| M | | Wells Fargo Advisors | | | | 1 Lincoln St. | | | 2801 Market St. | | | | Boston, MA 02111-2901 | 4,362,018 | 85.91 | St. Louis, MO 63103-2523 | 41,223 | 5.75% |
| R | MG Trust Company | | | Alerus Financial | | | | Lakeshore Interactive | | | FBO — 5CMHC Retirement Plan | | | | 700 17th St. Ste. 300 | | | PO Box 64535 | | | | Denver, CO 80202-3531 | 6,735 | 9.81% | St. Paul, MN 55164-0535 | 12,285 | 22.39% |
| R | MG Trust Company | | | Morgan Stanley Smith Barney | | | | D&S Linen Services, Inc. | | | Harborside Financial Center | | | | 700 17th St. Ste. 300 | | | Plaza 2, 3rd Fl. | | | | Denver, CO 80202-3531 | 3,855 | 5.62% | Jersey City, NJ 07311 | 8.099 | 14.76% |
| R | MG Trust Company | | | MG Trust Company | | | | Primatics, Inc. | | | FBO — Brown Kinsey Funkhouser and Lander | | | 700 17th St. Ste. 300 | | | 717 17th St. Ste 1300 | | | | Denver, CO 80202-3531 | 3,782 | 5.51% | Denver, CO 80202-3531 | 6,520 | 11.88% |
| R | Frontier Trust Company | | | | | Mt. Vernon Hospital Employee Retirement | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,457 | 5.04% | |
| | R | Stanley S Stephens | | | | | Matthew S Stephens | | | | | Tttees of The Stephens Funeral Home | | | | 401K Profit Sharing Plan & Trust | | | | | 1335 W Linden St. # 37 | | | | | Allentown, PA 18102-4334 | 7,583 | 11.05% | |
| | R | MG Trust Company | | | | | Saavedra & Rice CPAs PA | | | | | 700 17th St. Ste 300 | | | | | Denver, CO 80202-3531 | 7,095 | 10.34% | |
| | R | MG Trust Company | | | | | Underground Piercing | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 5,816 | 8.47% | |
| | Y | Great-West Trust Company, LLC | | | | | Recordkeeper for Various Benefit Plans | | | | 8515 E Orchard Rd 2T2 | | | | | Greenwood Village, CO 80111-50023,806,091 | 53.27% | |
| | Y | Great-West Trust Company, LLC | | | |
| | | The Putnam Retirement Plan | | | | | 8515 E Orchard Rd. 2T2 | | | | | Greenwood Village, CO 80111-5002 | 458,273 | 6.41% | |
| | Y* | Chicago Regional Council | | | | | of Carpenters Annuity Plan | 1,987,078 | 27.81%1 | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Consumer Fund | | | | A | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 192,340 | 29.49% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 107,286 | 16.45% | |
| | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 44,728 | 6.86% | |
| | A | Edward D. Jones & Co. | | | | | 201 Progress Pkwy | | | | | Maryland Height, MO 63043-3009 | 45,192 | 6.93% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 20,940 | 34.58% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 9,744 | 16.09% | |
| | B | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 7,912 | 13.06% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 38,241 | 26.45% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 59,182 | 40.93% | |
| | M | Putnam LLC | | | | | One Post Office Sqaure | | | | | Boston, MA 02109-2199 | 1,217 | 38.76% | |
| | M | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 521 | 16.58% | |
| | M | Zeyu Gao IRA Rollover Plan | | | | | 5357 Edmonton Commono | | | | | Fremont, CA 94555-2921 | 352 | 11.23% | |
| | M | Russell L. Levings & Carolyn S. Levings | | | | 6220 NE 105th St. | | | | | Oklahoma City, OK 73151 | 208 | 6.64% | |
| | M | Cetera Investment Services | | | | R | | MG Trust Company | | | | 400 First Street, Ste. 300 | | | FBO — Elan Marketing, Inc. | | | | PO Box 283 | | | 717 17th St. Ste 1300 | | | | St. Cloud, MN 56302-0283 | 598 | 19.06% | Denver, CO 80202-3531 | 4,079 | 7.43% |
| R | Morgan Stanley Smith Barney | | | MG Trust Company | | | | Harborside Financial Center | | | FBO — Valor Company, Inc | | | | Plaza 2, 2rd Fl. | | | 717 17th St. Ste 1300 | | | | Jersey City, NJ 07311 | 1,682 | 16.81% | Denver, CO 80202-3531 | 3,940 | 7.18% |
| R | Frontier Trust Company | | | MG Trust Company | | | | Respiratory & Sleep Disorders Specialists | | FBO — KLP Tax and Financial Group, Inc | | | PO Box 10758 | | | 717 17th St. Ste 1300 | | | | Fargo, ND 58106-0758 | 5,936 | 59.34% | Denver, CO 80202-3531 | 3,025 | 5.51% |
| R | Putnam LLC | | | Frontier Trust Company | | | | One Post Office Square | | | GeoTechnologies, INc. 40lk Pension Plan | | | Boston, MA 02109-2199 | 1,231 | 12.30% | PO Box 10758 | | |
|
| Fargo, ND 58106-0758 | 6,424 | 11.71% | R | Franklin Public Schools 403(B) Plan | | | | | A/C Jane S. Hogan | | |
| Y | | Wells Fargo Advisors | | | | 204 Rolling Meadow Dr. | | | 2801 Market St. | | | | Holliston, MA 01746-2631 | 1,061 | 10.61% | St. Louis, MO 63103-2523 | 6,824,196 | 16.29% |
| Y | LPL Financial | | | Pershing, LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121 | 23,594 | 12.76% | Jersey City, NJ 07399-0001 | 2,793,354 | 6.67% |
| Y | National Financial Services, LLC | | | MLPF&S | | | | 499 Washington Blvd | | | 4800 Deer Lake Dr. E. FL 3 | | | | Jersey City, NJ 07310-2010 | 18,658 | 10.09% | Jacksonville, FL 32246-6484 | 3,076,020 | 7.34% |
| Y**** | Great-West Trust Company, LLC — | | | | Y | | Morgan Stanley Smith Barney | | | | The Putnam Retirement Plan | 36,200 | 19.57% | Harborside Financial Center | | |
|
| Plaza 2, 3rd Fl. | | | Y**** | Putnam Global Sector Fund — | | | | | Global Consumer Fund A shares | 22,513 | 12.17% | Jersey City, NJ 07311 | 2,692,209 | 6.43% |
| Y**** | Putnam Global Sector Fund — | | | | The Putnam Fund for Growth and Income | | The Putnam Fund for Growth and Income | | A | | Pershing, LLC | | | | Global Consumer Fund Y shares | 37,762 | 20.42% | 1 Pershing Plaza | | |
|
| Jersey City, NJ 07399-0001 | 19,428,134 | 7.25% |
| |
| A | | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive Benefit of Customer | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 15,220,138 | 5.67% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 409,384 | 7.86% |
| |
| C | | UBS Wealth Management USA | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 410,265 | 16.04% |
| |
| C | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 207,753 | 8.12% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 135,134 | 5.28% |
| |
| M | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 132,804 | 6.85% |
| |
| M | | Edward D. Jones & Co. | | | | | Attn: Mutual Fund Shareholder | | | | | Accounting | | | | | 201 Progress Pkwy | | | | | Maryland Hts, MO 63043-3009 | 130,299 | 6.72% |
| |
| R | | MG Trust Co Cust FBO | | | | | Freestate Management LLC | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3304 | 62,177 | 29.25% |
| |
| R | | Capital Bank & Trust Co | | | | | Geddes & Co Pension Plan | | | | | 8515 E. Orchard Rd. #2T2 | | | | | Greenwood Vlg, CO 80111-5002 | 36,761 | 17.29% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| The Putnam Fund for Growth and Income (cont.) | | The Putnam Fund for Growth and Income (cont.) | | R | | Capital Bank & Trust Co | | | | | HK Research Corp PSP | | | Putnam Global Dividend Fund | | | | | | 8515 E. Orchard Rd. #2T2 | | | | | Greenwood Vlg, CO 80111-5002 | 29,164 | 13.72% |
| |
| R5 | | Putnam Investment Holdings, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 749 | 100.00% |
| |
| R6 | | Putnam Investment Holdings, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 973,849 | 99.62% |
| |
| Y | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 235,835 | 9.80% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 215,174 | 8.94 |
| |
| Y | | Merrill Lynch | | | | | 4800 Deer Lake Dr. E. FL 3. | | | | | Jacksonville, FL 32246-6484 | 191,348 | 7.95% |
| |
| Y** | | Great-West Trust | | | | | Company LLC TTEE | 470,773 | 19.56% |
| |
| The George Putnam Fund of Boston | | The George Putnam Fund of Boston | | | (d/b/a George Putnam Balanced Fund) | | (d/b/a George Putnam Balanced Fund) | | | A | Putnam Investment Holdings, LLC | | | Edward D Jones & Co. | | | | Attn: Corporate Treasury | | | Attn: Mutual Fund Shareholder | | | | One Post Office Square | | | 201 Progress Pkwy | | | | Boston, MA 02109-2199 | 499,146 | 70.52% | Maryland Hts, MO 63043-3009 | 4,420,047 | 6.41 % |
| A | Timothy D. Jaroch & Patricia Jaroch | | | Pershing, LLC | | | | 40 Hillcrest Rd. | | | 1 Pershing Plaza | | | | Belmon, Ma 02478-2954 | 54,430 | 7.69% | Jersey City, NJ 07399-0001 | 3,603,459 | 5.23% |
| B | Putnam Investment Holdings, LLC | | | | | Attn: Corporate Treasury | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 1,004 | 16.02% | |
| | B | Putnam Fiduciary Trust Co TTEE FBO | | | | | Chloe M. Johnson IRA Rollover Plan | | | | | 108 N. 6th St. | | | | | Wilmington, NC 28401-4129 | 953 | 15.20% | |
| | B | Edward D. Jones & Co | | | | | 12555 Manchester Rd. | | | | | St. Louis, MO 63131-3729 | 934 | 14.91% | |
| | B | Putnam Fiduciary Trust Co Cust FBO | | | | A | | Great-West Trust Company, LLC | | | | Clermont Northeastern School District 403(B) Plan | Recordkeeper for Various Benefit Plans | | | A/C Billie D. Trame | | | 8515 E Orchard Rd. 2T2 | | | | 945 Hidden Ridge Dr. | | | Greenwood Village, | | | | Milford, OH 45150-5588 | 743 | 11.85% | CO 80111-5002 | 4,436,100 | 6.43% |
| B | Putnam Fiduciary Trust Co TTEE FBO | | | Pershing, LLC | | | | Cara L. Sidman IRA Rollover Plan | | | 1 Pershing Plaza | | | | 2711 Wrightsville Ave. | | | Jersey City, NJ 07399-0001 | 124,645 | 7.03% | | Wilmington, NC 28403-2548 | 550 | 8.77% |
| C | | Wells Fargo Advisors | | |
|
| Special Custody Acct For The Exclusive | | B | Putnam Fiduciary Trust Co TTEE FBO | | | | | Mary Jo Nelson IRA Plan | | | | | 2620 Clay St. | | | | | St. Joseph, MO 64501-2628 | 499 | 7.96% | |
| | B | Putnam Fiduciary Trust Co TTEE FBO | | | | | Patricia Tinkler IRA Plan | | | | | 706 Lower Paradise Rd. | | | | | Little Falls, NY 13365-5143 | 481 | 7.67% | |
| | B | U.S. Bancorp Iinvestments Inc. | | | | | 60 Livingston Ave. | | | | | St. Paul, MN 55107-2292 | 371 | 5.92% | |
| | B | Putnam Fiduciary Trust Co TTEE FBO | | | | | Rebecca L. Jones Ira Rollover Plan | | | Benefit of Customers | | | | 2363 Burkert Rd. | | | 2801 Market St. | | | | Waterville, NY 13480-1401 | 346 | 5.51% | Saint Louis, MO 63103-2523 | 137,525 | 8.48% |
| C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 4,009 | 26.76% | Jersey City, NJ 07399-0001 | 114,161 | 7.04% |
| C | Janney Montgomery Scott LLC | | | | | Wendy OsGood | | | | | 1717 Arch St. | | | | | Philadelphia, PA 19103-2713 | 2,370 | 15.82% | |
| | C | LPL FINANCIAL | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 1,975 | 13.18% | |
| | C | Putnam Fiduciary Trust Co TTEE FBO | | | | | Edward Gillis IRA Plan | | | | | 1910 SE 160th Pl. | | | | | Vancouver, WA 98683-4402 | 1,912 | 12.76% | |
| | C | Putnam Fiduciary Trust Co TTEE FBO | | | | | Mary Jane Stein IRA Plan | | | | | 7156 Durness Pl. | | | | | Columbus, OH 43235-5130 | 1,496 | 9.99% | |
| | C | Putnam Investment Holdings, LLC | | | | | Attn: Corporate Treasury | | | | | 1 Post Office Square | | | | | Boston, MA 02109-2199 | 1,006 | 6.71% | |
| | M | Putnam Investment Holdings, LLC | | | State Street Bank Ttee | | | | Attn: Corporate Treasury | | | Fbo ADP Access | | | | 1 Post Office Square | | | 1 Lincoln St. | | | | Boston, MA 02109-2199 | 1,005 | 46.26% | Boston, MA 02111-2901 | 4,362,018 | 85.91 |
| R | | MG Trust Company | | | | | Lakeshore Interactive | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 6,735 | 9.81% |
| |
| R | | MG Trust Company | | | | | D&S Linen Services, Inc. | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 3,855 | 5.62% |
| |
| R | | MG Trust Company | | | | | Primatics, Inc. | | | | | 700 17th St. Ste. 300 | | | | | Denver, CO 80202-3531 | 3,782 | 5.51% |
| |
| R | | Frontier Trust Company | | | | | Mt. Vernon Hospital Employee Retirement | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,457 | 5.04% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Putnam Fiduciary Trust Co TTEE FBO | | | | R | | Stanley S Stephens | | | | Mark J. Ruthenberg SEP IRA Plan | | | Matthew S Stephens | | | | A/C Mark J. Ruthenberg | | | Tttees of The Stephens Funeral Home | | | 1001 N. Stockton Hill Rd,, Ste. A | | | 401K Profit Sharing Plan & Trust | | | | Kingman, AZ 86401-6277 | 663 | 30.54% | 1335 W Linden St. # 37 | | |
|
| Allentown, PA 18102-4334 | 7,583 | 11.05% | M | Putnam Fiduciary Trust Co TTEE FBO | | | |
| |
| R | | MG Trust Company | | | | Florence K. Horning ROTH IRA Conversion Plan | | Saavedra & Rice CPAs PA | | | | PO Box 265 | | | 700 17th St. Ste 300 | | | | Gloversville, NY 12078-0003 | 313 | 14.42% | Denver, CO 80202-3531 | 7,095 | 10.34% |
| M | Putnam Fiduciary Trust Co TTEE FBO | | | | R | | MG Trust Company | | | | Teresa Parker IRA Rollover Plan | | | Underground Piercing | | | | 202 Douglas Dr. | | | 700 17th St. Ste. 300 | | | | Hurlock, MD 21643-3666 | 191 | 8.78% | Denver, CO 80202-3531 | 5,816 | 8.47% |
| Y | Great-West Trust Co LLC TTEE | | | Great-West Trust Company, LLC | | | | Executive DEF Comp Pl 401k | | | Recordkeeper for Various Benefit Plans | | | c/o Fascore, LLC | | | 8515 E Orchard Rd 2T2 | | | | 8515 E. Orchard Rd, 2T2 | | | Greenwood Village, CO 80111-5002 | 3,806,091 | 53.27% | | Greenwood Village, CO 80111-5002 | 11,854 | 35.03% |
|
| | Y | Great-West Trust Co LLC TTEE | | | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | | | The Putnam Retirement Plan | | | | c/o Fascore, LLC | | | 8515 E Orchard Rd. 2T2 | | | | 8515 E. Orchard Rd, 2T2 | | | Greenwood Village, CO 80111-5002 | 458,273 | 6.41% | | Greenwood Village, CO 80111-5002 | 10,853 | 32.07% |
| Y* | | Chicago Regional Council | | |
|
| of Carpenters Annuity Plan | 1,987,078 | 27.81% | Y | Jameson A. Baxter & Reginald Baxter | | | |
| |
| Putnam Global Consumer Fund | | Putnam Global Consumer Fund | | | A | | Putnam LLC | | | | 626 Old Barn Rd. | | | One Post Office Square | | | | LK Barrington, IL 60010-6203 | 4,788 | 14.15% | Boston, MA 02109 | 192,340 | 29.49% |
| Putnam Global Energy Fund | | | | A | Putnam LLC | | | Pershing, LLC | | | | One Post Office Square | | | 1 Pershing Plaza | | | | Boston, MA 02109-2199 | 210,202 | 19.10% | Jersey City, NJ 07399-0001 | 107,286 | 16.45% |
| A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 73,848 | 6.71% | Jersey City, NJ 07310-2010 | 44,728 | 6.86% |
| A | LPL Financial | | | Edward D. Jones & Co. | | | | 9785 Towne Centre Dr. | | | 201 Progress Pkwy | | | | San Diego, CA 92121-1968 | 140,990 | 12.81% | Maryland Height, MO 63043-3009 | 45,192 | 6.93% |
| B | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market St. | | | 1 Pershing Plaza | | | | St. Louis, MO 63103-2523 | 22,749 | 12.62% | Jersey City, NJ 07399-0001 | 20,940 | 34.58% |
| B | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 29,142 | 16.16% | St. Louis, MO 63103-2523 | 9,744 | 16.09% |
| C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 19,615 | 19.13% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 8,936 | 8.71% | |
| | C | National Financial Services, LLC | | | | B | | National Financial Services, LLC | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 9,483 | 9.25% | Jersey City, NJ 07310-2010 | 7,912 | 13.06% |
| C | Charles Schwab & Co., Inc. | | | Wells Fargo Advisors | | | | 101 Montgomery St. | | | 2801 Market St. | | | | San Francisco, CA 94104-4151 | 12,441 | 12.13% | St. Louis, MO 63103-2523 | 38,241 | 26.45% |
| C | LPL Financial | | | Pershing, LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121-1968 | 6,285 | 6.13% | Jersey City, NJ 07399-0001 | 59,182 | 40.93% |
| M | Robin A. Bodkins | | | Putnam LLC | | | | PO Box 1148 | | | One Post Office Sqaure | | | | Kingman, AZ 86402-1148 | 398 | 6.78% | Boston, MA 02109-2199 | 1,217 | 38.76% |
| M | Erin S. Layne | | | National Financial Services, LLC | | | | 5962 Aberdeen St. | | | 499 Washington Blvd | | | | Littleton, CO 80120-2705 | 492 | 8.38% | Jersey City, NJ 07310-2010 | 521 | 16.58% |
| M | LPL Financial | | | Zeyu Gao IRA Rollover Plan | | | | 9785 Towne Centre Dr. | | | 5357 Edmonton Commono | | | | San Diego, CA 92121-1968 | 655 | 11.16% | Fremont, CA 94555-2921 | 352 | 11.23% |
| M | Sherman A. Katz IRA Rollover Plan | | | Russell L. Levings & Carolyn S. Levings | | | 6022 McNaughton Grove Lane | | | 6220 NE 105th St. | | | | Columbus, OH 43213-5103 | 1,161 | 19.78% | Oklahoma City, OK 73151 | 208 | 6.64% |
| M | | Cetera Investment Services | | | | | 400 First Street, Ste. 300 | | | | | PO Box 283 | | | | | St. Cloud, MN 56302-0283 | 598 | 19.06% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Energy Fund (cont.) | | | | M | Campus Crusade for Christ 403(B) Plan | | | | A/C Erin S. Layne | | | | | 5962 Aberdeen St. | | | | | Littleton, CO 80120-2705 | 991 | 16.88% | |
| | M | Gary L. Preston IRA Rollover Plan | | | | | 7850 Victoria Way | | | | | St. Louis Park, MN 55426-3063 | 704 | 12.00% | |
| | R | Merrill Lynch | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 20,180 | 33.02% | |
| | Putnam Global Consumer Fund (cont.) | | Putnam Global Consumer Fund (cont.) | | | R | Frontier Trust Company | | | Morgan Stanley Smith Barney | | | | FBO — Finish Line Technologies Inc. 401K | | Harborside Financial Center | | | | PO Box 10758 | | | Plaza 2, 2rd Fl. | | | | Fargo, ND 58106-0758 | 8,071 | 13.21% | Jersey City, NJ 07311 | 1,682 | 16.81% |
| R | Frontier Trust Company | | | Frontier Trust Company | | | | Dansker & Aspromonte Associates RET | | Respiratory & Sleep Disorders Specialists | | | PO Box 10758 | | | PO Box 10758 | | | | Fargo, ND 58106-0758 | 7,831 | 12.81% | Fargo, ND 58106-0758 | 5,936 | 59.34% |
| R | Frontier Trust Company | | | Putnam LLC | | | | FBO — Executive Marketing Consultants, Inc. | | One Post Office Square | | | | PO Box 10758 | | | Boston, MA 02109-2199 | 1,231 | 12.30% | | Fargo, ND 58106-0758 | 3,091 | 5.06% |
|
| | R | Frontier Trust Company | | | Franklin Public Schools 403(B) Plan | | | | FBO — Polo Ranch 401k Retirement Plan | | A/C Jane S. Hogan | | | | | 204 Rolling Meadow Dr. | | | | | Holliston, MA 01746-2631 | 1,061 | 10.61% |
| |
| Y | | LPL Financial | | | | PO Box 10758 | | | 9785 Towne Centre Dr. | | | | Fargo, ND 58106-0758 | 5,160 | 8.44% | San Diego, CA 92121 | 23,594 | 12.76% |
| Y | Steven W. Curbow & Catherine Curbow | | National Financial Services, LLC | | | | 12 Pilgrim Lane | | | 499 Washington Blvd | | | | Medfield, MA 02052-3229 | 8,399 | 8.42% | Jersey City, NJ 07310-2010 | 18,658 | 10.09% |
| Y**** | Great-West Trust Company, LLC — | | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 55,357 | 55.47% | The Putnam Retirement Plan | 36,200 | 19.57% |
| Y**** | Great-West Trust Company, LLC — | | | Putnam Global Sector Fund — | | | | Putnam Defined Contribution Plans | 5,700 | 5.71% | Global Consumer Fund A shares | 22,513 | 12.17% |
| Putnam Global Equity Fund | | | | Y**** | | Putnam Global Sector Fund — | | | | | Global Consumer Fund Y shares | 37,762 | 20.42% |
| |
| Putnam Global Dividend Fund | | Putnam Global Dividend Fund | | | A | Pershing LLC | | | Putnam Investment Holdings, LLC | | | | 1 Pershing Plaza | | | Attn: Corporate Treasury | | | | Jersey City, NJ 07399-0001 | 3,988,073 | 5.80% | One Post Office Square | | |
|
| Boston, MA 02109-2199 | 499,146 | 70.52% | C | Wells Fargo Advisors | | | |
| |
| A | | Timothy D. Jaroch & Patricia Jaroch | | | | | 40 Hillcrest Rd. | | | | | Belmon, Ma 02478-2954 | 54,430 | 7.69% |
| |
| B | | Putnam Investment Holdings, LLC | | | | | Attn: Corporate Treasury | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 1,004 | 16.02% |
| |
| B | | Putnam Fiduciary Trust Co TTEE FBO | | | | | Chloe M. Johnson IRA Rollover Plan | | | | | 108 N. 6th St. | | | | | Wilmington, NC 28401-4129 | 953 | 15.20% |
| |
| B | | Edward D. Jones & Co | | | | | 12555 Manchester Rd. | | | | | St. Louis, MO 63131-3729 | 934 | 14.91% |
| |
| B | | Putnam Fiduciary Trust Co Cust FBO | | | | Special Custody Acct for the | | | Clermont Northeastern School District 403(B) Plan | | Exclusive Benefit of Customer | | | A/C Billie D. Trame | | | | 2801 Market St. | | | 945 Hidden Ridge Dr. | | | | Saint Louis, MO 63103-2523 | 89,604 | 7.54% | Milford, OH 45150-5588 | 743 | 11.85% |
| C | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 90,987 | 7.66% | |
| | C | Morgan Stanley Smith Barney | | | | B | | Putnam Fiduciary Trust Co TTEE FBO | | | | Harborside Financial Center | | | Cara L. Sidman IRA Rollover Plan | | | | Plaza 2, 3rd Floor | | | 2711 Wrightsville Ave. | | | | Jersey City, NJ 07311 | 72,672 | 6.12% | Wilmington, NC 28403-2548 | 550 | 8.77% |
| M* | PECO Employees 401(k) Plan | 65,135 | 6.04% | |
| | R | Capital Bank & Trust Co. | | | | B | | Putnam Fiduciary Trust Co TTEE FBO | | | | Geddes & Co Pension Plan | | | Mary Jo Nelson IRA Plan | | | | 8515 E Orchard Rd. # 2T2 | | | 2620 Clay St. | | | | Greenwood Villeage, CO 80111-5002 34,427 | 34.47% | St. Joseph, MO 64501-2628 | 499 | 7.96% |
| R | MG Trust Company | | | | B | | Putnam Fiduciary Trust Co TTEE FBO | | | | Magtech & Power Conversion, Inc. | | | Patricia Tinkler IRA Plan | | | | 700 17th St. Suite 300 | | | 706 Lower Paradise Rd. | | | | Denver, CO 80202-3531 | 6,958 | 6.97% | Little Falls, NY 13365-5143 | 481 | 7.67% |
| R5 | Putnam LLC | | | | B | | U.S. Bancorp Iinvestments Inc. | | | | One Post Office Square | | | 60 Livingston Ave. | | | | Boston, MA 02109 | 1,131 | 100.00% | St. Paul, MN 55107-2292 | 371 | 5.92% |
| R6 | Putnam LLC | | | | B | | Putnam Fiduciary Trust Co TTEE FBO | | | | One Post Office Square | | | Rebecca L. Jones Ira Rollover Plan | | | | Boston, MA 02109 | 760,242 | 99.43% | 2363 Burkert Rd. | | |
|
| Waterville, NY 13480-1401 | 346 | 5.51% | Y | R. Shepherd Perkins | | | | | 87 Mount Vernon St., Apt L-2 | | |
| | Boston, MA 02108-1330 | 139,407 | 6.28% | |
| | Y | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-110 | 208,331 | 9.38% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Y** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 468,307 | 21.08% | |
| | Y** | Great-West Trust Company, LLC — | | | | C | | Pershing, LLC | | | | Recordkeeping for various | | | 1 Pershing Plaza | | | | benefit plans | 116,900 | 5.26% | Jersey City, NJ 07399-0001 | 4,009 | 26.76% |
| Putnam Global Financials Fund | | | | C | | Janney Montgomery Scott LLC | | | | | Wendy OsGood | | | | | 1717 Arch St. | | | | | Philadelphia, PA 19103-2713 | 2,370 | 15.82% |
| |
| C | | LPL FINANCIAL | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 1,975 | 13.18% |
| |
| C | | Putnam Fiduciary Trust Co TTEE FBO | | | | | Edward Gillis IRA Plan | | | | | 1910 SE 160th Pl. | | | | | Vancouver, WA 98683-4402 | 1,912 | 12.76% |
| |
| C | | Putnam Fiduciary Trust Co TTEE FBO | | | | | Mary Jane Stein IRA Plan | | | | | 7156 Durness Pl. | | | | | Columbus, OH 43235-5130 | 1,496 | 9.99% |
| |
| C | | Putnam Investment Holdings, LLC | | | | | Attn: Corporate Treasury | | | | | 1 Post Office Square | | | | | Boston, MA 02109-2199 | 1,006 | 6.71% |
| |
| M | | Putnam Investment Holdings, LLC | | | | | Attn: Corporate Treasury | | | | | 1 Post Office Square | | | | | Boston, MA 02109-2199 | 1,005 | 46.26% |
| |
| M | | Putnam Fiduciary Trust Co TTEE FBO | | | | | Mark J. Ruthenberg SEP IRA Plan | | | | | A/C Mark J. Ruthenberg | | | | | 1001 N. Stockton Hill Rd,, Ste. A | | | | | Kingman, AZ 86401-6277 | 663 | 30.54% |
| |
| M | | Putnam Fiduciary Trust Co TTEE FBO | | | | | Florence K. Horning ROTH IRA Conversion Plan | | | | PO Box 265 | | | | | Gloversville, NY 12078-0003 | 313 | 14.42% |
| |
| M | | Putnam Fiduciary Trust Co TTEE FBO | | | | | Teresa Parker IRA Rollover Plan | | | | | 202 Douglas Dr. | | | | | Hurlock, MD 21643-3666 | 191 | 8.78% |
| |
| Y | | Great-West Trust Co LLC TTEE | | | | | Executive DEF Comp Pl 401k | | | | | c/o Fascore, LLC | | | | | 8515 E. Orchard Rd, 2T2 | | | | | Greenwood Village, CO 80111-5002 | 11,854 | 35.03% |
| |
| Y | | Great-West Trust Co LLC TTEE | | | | | The Putnam Retirement Plan | | | | | c/o Fascore, LLC | | | | | 8515 E. Orchard Rd, 2T2 | | | | | Greenwood Village, CO 80111-5002 | 10,853 | 32.07% |
| |
| Y | | Jameson A. Baxter & Reginald Baxter | | | | | 626 Old Barn Rd. | | | | | LK Barrington, IL 60010-6203 | 4,788 | 14.15% |
| |
| Putnam Global Energy Fund | | Putnam Global Energy Fund | | | A | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109-2199 | 247,792 | 43.98% | Boston, MA 02109-2199 | 210,202 | 19.10% |
| A | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 42,080 | 7.47% | Jersey City, NJ 07399-0001 | 73,848 | 6.71% |
| A | National Financial Services, LLC | | | LPL Financial | | | | 499 Washington Blvd | | | 9785 Towne Centre Dr. | | | | Jersey City, NJ 07310 | 30,082 | 5.34% | San Diego, CA 92121-1968 | 140,990 | 12.81% |
| B | National Financial Services, LLC | | | Wells Fargo Advisors | | | | 499 Washington Blvd | | | 2801 Market St. | | | | Jersey City, NJ 07310 | 4,050 | 7.61% | St. Louis, MO 63103-2523 | 22,749 | 12.62% |
| B | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market St. | | | 1 Pershing Plaza | | | | St. Louis, MO 63103-2523 | 3,617 | 6.80% | Jersey City, NJ 07399-0001 | 29,142 | 16.16% |
| B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 5,834 | 10.97% | |
| | B | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 3,126 | 5.88% | |
| | C | Charles Schwab & Co., Inc. | | | Pershing, LLC | | | | 101 Montgomery St. | | | 1 Pershing Plaza | | | | San Francisco, CA 94104-4151 | 180,985 | 62,26% | Jersey City, NJ 07399-0001 | 19,615 | 19.13% |
| C | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 48,801 | 17.13% | |
| | M | South Glens Falls Central School 403(B) Plan | | | | 5 Owen Ave. | | | | | Queeenbury, NY 12804-1111 | 1,322 | 16.42% | |
| | M | Alam M. Qadri IRA Rollover Plan | | | | | 1315 Connecticut Woods Dr. | | | | | Hudson, OH 44236-1271 | 2,787 | 34.62% | |
| | M | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,280 | 15.90% | |
| | M | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 1,161 | 14.42% | |
| | R | Frontier Trust Company | | | | | FBO — Mason & Mincey ODPA 401k | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 15,993 | 38.27% | |
| | R | Frontier Trust Company | | | | | Neighborhood Lending Partners, Inc. | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,523 | 8.43% | |
| | R | Frontier Trust Company | | | | | Wind-Up Entertainment 401k Plan | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,185 | 7.62% | |
| | R | Frontier Trust Company | | | | | FBO — RKT Savings & Retirement Plan | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 2,966 | 7.10% | |
| | R | Frontier Trust Company | | | | | Kaplan Massamillo & Andrews, LLC | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 2,411 | 5.77% | |
| | R | Merrill Lynch | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246 | 3,145 | 7.53% | |
| | R | New World Travel Inc. | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,118 | 7.46% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Financials Fund (cont.) | | | | R | Envelope Freedom Holdings, LLC | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 2,922 | 6.99% | |
| | Y | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 94,517 | 27.38% | |
| | Y | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 92,252 | 26.72% | |
| | Y**** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 45,691 | 13.23% | |
| | Y*** | Putnam Global Sector Fund — | | | | | Global Financials Fund A shares | 27,387 | 7.93% | |
| | Y*** | Putnam Global Sector Fund — | | | | | Global Financials Fund Y shares | 45,964 | 13.31% | |
| | Putnam Global Health Care Fund | | | | A | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,478,477 | 7.47% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 1,455,525 | 7.37% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,263,723 | 6.39% | |
| | A | National Financial Services | | | | | 499 Washington Blvd. | | | | | Jersey City, NJ 07310-2010 | 1,163,872 | 5.88% | |
| | A | Edward D. Jones & Co | | | | | 201 Progress Pkwy | | | | | Maryland Height, MO 63043-3009 | 1,000,842 | 5.06% | |
| | B | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 41,360 | 6.10% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 46,585 | 6.87% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 58,834 | 8.67% | |
| | Putnam Global Energy Fund (cont.) | | Putnam Global Energy Fund (cont.) | | | C | LPL Financial | | | Wells Fargo Advisors | | | | 9785 Towne Centre Dr. | | | 2801 Market St. | | | | San Diego, CA 92121-1968 | 26,422 | 5.21% | St. Louis, MO 63103-2523 | 8,936 | 8.71% |
| C | MLPF&S | | | National Financial Services, LLC | | | | 4800 Deer Lake Dr., E., FL 3 | | | 499 Washington Blvd | | | | Jacksonville, FL 32246-6484 | 56,533 | 11.14% | Jersey City, NJ 07310-2010 | 9,483 | 9.25% |
| C | Pershing, LLC | | | Charles Schwab & Co., Inc. | | | | 1 Pershing Plaza | | | 101 Montgomery St. | | | | Jersey City, NJ 07399-0001 | 62,211 | 12.26% | San Francisco, CA 94104-4151 | 12,441 | 12.13% |
| C | Morgan Stanley Smith Barney | | | LPL Financial | | | | Harborside Financial Center | | | 9785 Towne Centre Dr. | | | | Plaza 2, 3rd Floor | | | San Diego, CA 92121-1968 | 6,285 | 6.13% | | Jersey City, NJ 07311 | 39,915 | 7.87% |
| M | | Robin A. Bodkins | | |
|
| PO Box 1148 | | | C | Wells Fargo Advisors | | | | | | Kingman, AZ 86402-1148 | 398 | 6.78% |
| |
| M | | Erin S. Layne | | | | 2801 Market St. | | | 5962 Aberdeen St. | | | | St. Louis, MO 63103-2523 | 29,750 | 5.86% | Littleton, CO 80120-2705 | 492 | 8.38% |
| M | Pershing, LLC | | | LPL Financial | | | | 1 Pershing Plaza | | | 9785 Towne Centre Dr. | | | | Jersey City, NJ 07399-0001 | 22,873 | 10.22% | San Diego, CA 92121-1968 | 655 | 11.16% |
| M | Wells Fargo Advisors | | | Sherman A. Katz IRA Rollover Plan | | | | 2801 Market St. | | | 6022 McNaughton Grove Lane | | | | St. Louis, MO 63103-2523 | 18,970 | 8.47% | Columbus, OH 43213-5103 | 1,161 | 19.78% |
| M | Morgan Stanley Smith Barney | | | Campus Crusade for Christ 403(B) Plan | | | Harborside Financial Center | | | A/C Erin S. Layne | | | | Plaza 2, 3rd Floor | | | 5962 Aberdeen St. | | | | Jersey City, NJ 07311 | 15,957 | 7.13% | Littleton, CO 80120-2705 | 991 | 16.88% |
| M | UBS WM USA | | | Gary L. Preston IRA Rollover Plan | | | | 1000 Harbor Blvd | | | 7850 Victoria Way | | | | Weehawken, NJ 07086-6761 | 11,455 | 5.12% | St. Louis Park, MN 55426-3063 | 704 | 12.00% |
| R | | Merrill Lynch | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 20,180 | 33.02% |
| |
| R | | Frontier Trust Company | | | | | FBO — Finish Line Technologies Inc. 401K | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 8,071 | 13.21% |
| |
| R | | Frontier Trust Company | | | | | Dansker & Aspromonte Associates RET | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 7,831 | 12.81% |
| |
| R | | Frontier Trust Company | | | | | FBO — Executive Marketing Consultants, Inc. | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,091 | 5.06% |
| |
| R | | Frontier Trust Company | | | | | FBO — Polo Ranch 401k Retirement Plan | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 5,160 | 8.44% |
| |
| Y | | Steven W. Curbow & Catherine Curbow | | | | 12 Pilgrim Lane | | | | | Medfield, MA 02052-3229 | 8,399 | 8.42% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 55,357 | 55.47% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | Putnam Defined Contribution Plans | 5,700 | 5.71% |
| |
| Putnam Global Equity Fund | | Putnam Global Equity Fund | | | A | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 3,988,073 | 5.80% |
| |
| C | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 89,604 | 7.54% |
| |
| C | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 90,987 | 7.66% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Edward D. Jones & Co. | | | | C | | Morgan Stanley Smith Barney | | | | 201 Progress Pkwy | | | Harborside Financial Center | | | | Maryland Heights, MO 63043-3009 | 11,726 | 5.24% | Plaza 2, 3rd Floor | | |
|
| Jersey City, NJ 07311 | 72,672 | 6.12% | R | MLPF&S | | | | | 4800 Deer Lake Dr, E. FL 3 | | |
| | Jacksonville, FL 32246-6484 | 11,542 | 5.16% | | M* | | PECO Employees 401(k) Plan | 65,135 | 6.04% |
| R | Greg Hedding & Randall Moroney | | | Capital Bank & Trust Co. | | | | ILT Employees PSP | | | Geddes & Co Pension Plan | | | | 8515 E. Orchard Rd, #2T2 | | | 8515 E Orchard Rd. # 2T2 | | | | Greenwood Village, CO 80111-5002 | 4,007 | 5.58% | Greenwood Villeage, CO 80111-5002 | 34,427 | 34.47% |
| R | Merrill Lynch | | | MG Trust Company | | | | 4800 Deer Lake Dr., E. FL 3 | | | Magtech & Power Conversion, Inc. | | | | Jacksonville, FL 32246-6494 | 7,839 | 10.93% | 700 17th St. Suite 300 | | |
|
| Denver, CO 80202-3531 | 6,958 | 6.97% | R | Hartford Securities Distribution | | | |
| |
| R5 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,131 | 100.00% |
| |
| R6 | | Putnam LLC | | | | PO Box 2999 | | | One Post Office Square | | | | Hartford, CT 06104 | 3,671 | 5.12% | Boston, MA 02109 | 760,242 | 99.43% |
| Y | Wells Fargo Advisors | | | R. Shepherd Perkins | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 31,629 | 5.98% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | 87 Mount Vernon St., Apt L-2 | | | | Jersey City, NJ 07311 | 38,605 | 7.30% | Boston, MA 02108-1330 | 139,407 | 6.28% |
| Y | Merrill Lynch | | | Raymond James | | | | 4800 Deer Lake Dr., E., FL 3 | | | 880 Carillon Pkwy | | | | Jacksonville, FL 32246-6484 | 48,316 | 9.14% | St. Petersburg, FL 33716-110 | 208,331 | 9.38% |
| Y** | Great-West Trust Company , LLC — | | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 181,291 | 34.29% | The Putnam Retirement Plan | 468,307 | 21.08% |
| Y** | Great-West Trust Company , LLC — | | | Great-West Trust Company, LLC — | | | | Putnam Deferred | | | Recordkeeping for various | | | | Compensation Plans | 43,657 | 8.26% | benefit plans | 116,900 | 5.26% |
| Y** | Great-West Trust Company, LLC — | | | | | Putnam Voluntary Plan | 33,862 | 6.40% | |
| | Putnam Global Income Trust | | | | Putnam Global Financials Fund | | Putnam Global Financials Fund | | | A | UBS Wealth Management USA | | | Putnam LLC | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | One Post Office Square | | | | Weehawken, NJ 07086-6761 | 2,639,982 | 16.49% | Boston, MA 02109-2199 | 247,792 | 43.98% |
| A | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 1,391,783 | 8.69% | Jersey City, NJ 07399-0001 | 42,080 | 7.47% |
| A | Wells Fargo Advisors | | | National Financial Services, LLC | | | | Special Custody Acct for the | | | 499 Washington Blvd | | | | Exclusive Benefit of Customer | | | Jersey City, NJ 07310 | 30,082 | 5.34% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 1,148,945 | 7.27% | |
| | A | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 1,069,432 | 6.68% | |
| | B | Wells Fargo Advisors | | | National Financial Services, LLC | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | 499 Washington Blvd | | | | Saint Louis, MO 63103-2523 | 162,471 | 22.22% | Jersey City, NJ 07310 | 4,050 | 7.61% |
| B | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 82,659 | 11.30% | St. Louis, MO 63103-2523 | 3,617 | 6.80% |
| B | MLPF&S For The Sole Benefit | | | Pershing, LLC | | | | Of Its Customers | | | 1 Pershing Plaza | | | | Attn: Fund Administration | | | Jersey City, NJ 07399-0001 | 5,834 | 10.97% | | 4800 Deer Lake Dr., E., FL 3 | | |
| | Jacksonville, FL 32246-6484 | 45,838 | 6.27% | |
| | B | Edward D. Jones & Co. | | | LPL Financial | | | | Attn: Mutual Fund Shareholder | | | 9785 Towne Centre Dr. | | | | Accounting | | | San Diego, CA 92121-1968 | 3,126 | 5.88% | | 201 Progress Pkwy | | |
| C | | Charles Schwab & Co., Inc. | | | | Maryland Hts, MO 63043-3009 | 52,391 | 7.16% | 101 Montgomery St. | | |
|
| San Francisco, CA 94104-4151 | 180,985 | 62,26% |
| |
| C | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 48,801 | 17.13% |
| |
| M | | South Glens Falls Central School 403(B) Plan | | | | 5 Owen Ave. | | | | | Queeenbury, NY 12804-1111 | 1,322 | 16.42% |
| |
| M | | Alam M. Qadri IRA Rollover Plan | | | | | 1315 Connecticut Woods Dr. | | | | | Hudson, OH 44236-1271 | 2,787 | 34.62% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,280 | 15.90% |
| |
| M | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 1,161 | 14.42% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Income Trust (cont.) | | | | B | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 40,172 | 5.49% | |
| | B | Raymond James | | | | | Omnibus for Mutual Funds | | | | | House Acct Firm 92500015 | | | | | Attn: Courtney Waller | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 52,891 | 7.23% | |
| | C | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 342,261 | 13.29% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 341,595 | 13.26% | |
| | C | Raymond James | | | | | Omnibus for Mutual Funds | | | | | House Acct Firm 92500015 | | | | | Attn: Courtney Waller | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 291,517 | 11.32% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 208,589 | 8.10% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 233,925 | 9.08% | |
| | C | UBS Wealth Management USA | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 228,945 | 8.89% | |
| | C | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 180,317 | 7.00% | |
| | C | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 153,839 | 5.97% | |
| | C | Charles Schwab & Co. Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 148,052 | 5.75% | |
| | M | Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. | | | Putnam Global Financials Fund (cont.) | | Putnam Global Financials Fund (cont.) | | | R | | Frontier Trust Company | | | | Structured Products Division | | | FBO — Mason & Mincey ODPA 401k | | | | 29-20, Mejirodai 3-Chome, Bunkyo-Ku | | PO Box 10758 | | | | Tokyo 112-8688, Japan | 777,400 | 75.64% | Fargo, ND 58106-0758 | 15,993 | 38.27% |
| R | MLPF&S For The Sole Benefit | | | Frontier Trust Company | | | | Of Its Customers | | | Neighborhood Lending Partners, Inc. | | | Attn: Fund Administration | | | PO Box 10758 | | | | 4800 Deer Lake Dr., E., FL 3 | | | Fargo, ND 58106-0758 | 3,523 | 8.43% | | Jacksonville, FL 32246-6484 | 142,743 | 32.18% |
| R | | Frontier Trust Company | | | | | Wind-Up Entertainment 401k Plan | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,185 | 7.62% |
| R | MG Trust Company Cust. FBO | | | Frontier Trust Company | | | | World Resources Institute Pension P | | | FBO — RKT Savings & Retirement Plan | | | 700 17th St., Ste. 300 | | | PO Box 10758 | | | | Denver, CO 80202-3304 | 61,917 | 13.96% | Fargo, ND 58106-0758 | 2,966 | 7.10% |
| R5 | Putnam Investment Holdings LLC | | | | R | | Frontier Trust Company | | | | One Post Office Square | | | Kaplan Massamillo & Andrews, LLC | | | | Boston, MA 02109 | 837 | 100.00% | PO Box 10758 | | |
|
| Fargo, ND 58106-0758 | 2,411 | 5.77% | R6 | Putnam Investment Holdings LLC | | | |
| |
| R | | Merrill Lynch | | | | One Post Office Square | | | 4800 Deer Lake Dr., E. FL 3 | | | | Boston, MA 02109 | 324,509 | 99.74% | Jacksonville, FL 32246 | 3,145 | 7.53% |
| R | | New World Travel Inc. | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 3,118 | 7.46% |
| |
| R | | Envelope Freedom Holdings, LLC | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 2,922 | 6.99% |
| |
| Y | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 94,517 | 27.38% |
| |
| Y | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 92,252 | 26.72% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 45,691 | 13.23% |
| |
| Y*** | | Putnam Global Sector Fund — | | | | | Global Financials Fund A shares | 27,387 | 7.93% |
| |
| Y*** | | Putnam Global Sector Fund — | | | | | Global Financials Fund Y shares | 45,964 | 13.31% |
| |
| Putnam Global Health Care Fund | | Putnam Global Health Care Fund | | | A | | MLPF&S | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,478,477 | 7.47% |
| |
| A | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 1,455,525 | 7.37% |
| |
| A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,263,723 | 6.39% |
| |
| A | | National Financial Services | | | | | 499 Washington Blvd. | | | | | Jersey City, NJ 07310-2010 | 1,163,872 | 5.88% |
| |
| A | | Edward D. Jones & Co | | | | | 201 Progress Pkwy | | | | | Maryland Height, MO 63043-3009 | 1,000,842 | 5.06% |
| |
| B | | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 41,360 | 6.10% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 46,585 | 6.87% |
| |
| B | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 58,834 | 8.67% |
| |
| C | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 26,422 | 5.21% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | | Y | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,171,219 | 34.89% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 315,510 | 9.40% | |
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 700,823 | 20.88% | |
| | Y** | Great-West Trust Company LLC — | | | | | The Putnam Retirement Plan | 237,456 | 7.70% | |
| | Putnam Global Industrials Fund | | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 239,882 | 28.61% | |
| | A | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 196,001 | 23.37% | |
| | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 125,469 | 14.96% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 7,406 | 23.54% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 6,106 | 19.41% | |
| C | LPL Financial | | | MLPF&S | | | | 9785 Towne Centre Dr. | | | 4800 Deer Lake Dr., E., FL 3 | | | | San Diego, CA 92121-1968 | 2,293 | 5.65% | Jacksonville, FL 32246-6484 | 56,533 | 11.14% |
| C | National Financial Services, LLC | | | Pershing, LLC | | | | 499 Washington Blvd | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310-2010 | 2,107 | 5.19% | Jersey City, NJ 07399-0001 | 62,211 | 12.26% |
| C | Pershing, LLC | | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | 1 Pershing Plaza | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07399-0001 | 14,786 | 36.44% | Jersey City, NJ 07311 | 39,915 | 7.87% |
| C | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | 2801 Market St. | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 7,754 | 19.11% | St. Louis, MO 63103-2523 | 29,750 | 5.86% |
| M | Priscilla Popov | | | Pershing, LLC | | | | 58 Grace Ave, Fl. 1 | | | 1 Pershing Plaza | | | | Great Neck, NY 11021-2617 | 192 | 5.27% | Jersey City, NJ 07399-0001 | 22,873 | 10.22% |
| M | LPL Financial | | | Wells Fargo Advisors | | | | 9785 Towne Centre Dr. | | | 2801 Market St. | | | | San Diego, CA 92121-1968 | 1,105 | 30.33% | St. Louis, MO 63103-2523 | 18,970 | 8.47% |
| M | Judy R. Taylor IRA Rollover Plan | | | Morgan Stanley Smith Barney | | | | 3289 W. Fieldstream Lane | | | Harborside Financial Center | | | | Meridian, ID 83646-8331 | 1,257 | 34.48% | Plaza 2, 3rd Floor | | |
|
| Jersey City, NJ 07311 | 15,957 | 7.13% |
| |
| M | Teri M. LePage IRA Plan | | | UBS WM USA | | | | | 1000 Harbor Blvd | | | | 5 Andrew Lane’Bear, DE 19701-1542 | 544 | 14.91% | Weehawken, NJ 07086-6761 | 11,455 | 5.12% |
| M | Russell L. Levings & Carolyn S. Levings | | Edward D. Jones & Co. | | | | 4640 Northride Lane | | | 201 Progress Pkwy | | | | Noble, OK 73068-8102 | 247 | 6.79% | Maryland Heights, MO 63043-3009 | 11,726 | 5.24% |
| M | Sharon K. Winnie-Vann IRA Rollover Plan | | MLPF&S | | | | PO Box 221 | | | 4800 Deer Lake Dr, E. FL 3 | | | | Seneca, MO 64865-0221 | 193 | 5.30% | Jacksonville, FL 32246-6484 | 11,542 | 5.16% |
| R | CBNA FBO State Motors, INc. | | | Greg Hedding & Randall Moroney | | | | 6 RHaods Dr, Ste. 7 | | | ILT Employees PSP | | | | Utica, NY 12502-6317 | 785 | 18.76% | 8515 E. Orchard Rd, #2T2 | | |
|
| Greenwood Village, CO 80111-5002 | 4,007 | 5.58% |
| |
| R | Frontier Trust Company | | | Merrill Lynch | | | | Respiratory & Sleep Disorders | | | | | PO Box 10758 | | | 4800 Deer Lake Dr., E. FL 3 | | | | Fargo, ND 58106-0758 | 2,189 | 52.30% | Jacksonville, FL 32246-6494 | 7,839 | 10.93% |
| R | Putnam LLC | | | Hartford Securities Distribution | | | | One Post Office Square | | | PO Box 2999 | | | | Boston, MA 02109-2199 | 1,207 | 28.85% | Hartford, CT 06104 | 3,671 | 5.12% |
| Y | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 31,629 | 5.98% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 38,605 | 7.30% |
| |
| Y | | Merrill Lynch | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 48,316 | 9.14% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 181,291 | 34.29% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | | Putnam Deferred | | | | | Compensation Plans | 43,657 | 8.26% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | | Putnam Voluntary Plan | 33,862 | 6.40% |
| |
| Putnam Global Income Trust | | Putnam Global Income Trust | | | A | | UBS Wealth Management USA | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 2,639,982 | 16.49% |
| |
| A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,391,783 | 8.69% |
| |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Industrials Fund (cont.) | | | Y | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 11,801 | 10.75% |
| Y | Ravi Akhoury | | | | 6 Pine Valley Way | | | | Florham Park, NJ 07932-2700 | 6,124 | 5.58% |
| Y | S. Scott Usecheck | | | | 65 Anderson St, Apt. 1B | | | | Boston, MA 02114-4354 | 5,828 | 5.31% |
| Y**** | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 41,595 | 37.88% |
| Y*** | Putnam Global Sector Fund — | | | | Global Industrials Fund A shares | 11,321 | 10.31% |
| Y*** | Putnam Global Sector Fund — | | | | Global Industrials Fund Y shares | 19,015 | 17.32% |
| Putnam Global Natural Resources Fund | | | A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 972,511 | 8.79% |
| A | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 627,781 | 5.67% |
| B | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 69,845 | 10.21% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 61,415 | 8.98% |
| C | Raymond James | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 90,406 | 14.19% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 68,460 | 10.75% |
| C | Wells Fargo Advisors | | | | 2801 Market St. | | | | St. Louis, MO 63103-2523 | 43,241 | 6.79% |
| C | MLPF&S | | | | 4800 Deer Lake Dr, E. FL 3 | | | | Jacksonville, FL 32246-6484 | 41,828 | 6.57% |
| C | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 36,618 | 5.75% |
| R | Hartford Securities Distribution | | | | As agent for Reliance Trust Co. | | | | FBO — Agents Plan Customers | | | | PO Box 2999 | | | | Hartford, CT 06104-2999 | 74,001 | 10.58% |
| R | Capital Bank & Trust Company | | | | AAC 401k & PSP | | | | c/o Plan Premier Fascorp | | | | 8515 E. Orchard Rd, #2T2 | | | | Greenwood Village, CO 80111-5002 | 47,625 | 6.81% |
| R | Merrill Lynch | | | | 4800 Deer Lake Dr., E. FL 3 | | | | Jacksonville, FL 32246-6484 | 46,183 | 6.61% |
| Y**** | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 267,607 | 11.58% |
| Y | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 143,834 | 6.23% |
| Y | Merrill Lynch | | | | 4800 Deer Lake Dr., E. FL 3 | | | | Jacksonville, FL 32246-6484 | 1,696,733 | 73.44% |
| Putnam Global Sector Fund | | | A | RBC Capital Markets, LLC | | | | 510 Marquette Ave S. | | | | Minneapolis, MN 5504-1110 | 11,128 | 6.92% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Global Income Trust (cont.) | | | A | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 1,148,945 | 7.27% |
| A | National Financial Services LLC | | | | For The Exclusive Benefit | | | | Of Our Customers | | | | 499 Washington Blvd | | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07310-2010 | 1,069,432 | 6.68% |
| B | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 162,471 | 22.22% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 82,659 | 11.30% |
| B | MLPF&S For The Sole Benefit | | | | Of Its Customers | | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 45,838 | 6.27% |
| B | Edward D. Jones & Co. | | | | Attn: Mutual Fund Shareholder | | | | Accounting | | | | 201 Progress Pkwy | | | | Maryland Hts, MO 63043-3009 | 52,391 | 7.16% |
| B | National Financial Services LLC | | | | For The Exclusive Benefit | | | | Of Our Customers | | | | 499 Washington Blvd | | | | Attn: Mutual Funds Dept 4th Fl. | | | | Jersey City, NJ 07310-2010 | 40,172 | 5.49% |
| B | Raymond James | | | | Omnibus for Mutual Funds | | | | House Acct Firm 92500015 | | | | Attn: Courtney Waller | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100�� | 52,891 | 7.23% |
| C | MLPF&S For The Sole Benefit | | | | Of Its Customers | | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 342,261 | 13.29% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 341,595 | 13.26% |
| C | Raymond James | | | | Omnibus for Mutual Funds | | | | House Acct Firm 92500015 | | | | Attn: Courtney Waller | | | | 880 Carillon Pkwy | | | | St. Petersburg, FL 33716-1100 | 291,517 | 11.32% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 208,589 | 8.10% |
| C | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 233,925 | 9.08% |
| C | UBS Wealth Management USA | | | | Omni Account M/F | | | | Attn: Department Manager | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 228,945 | 8.89% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| C | | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 180,317 | 7.00% |
| |
| C | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 153,839 | 5.97% |
| |
| C | | Charles Schwab & Co. Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 148,052 | 5.75% |
| |
| M | | Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. | | | | Structured Products Division | | | | | 29-20, Mejirodai 3-Chome, Bunkyo-Ku | | | | Tokyo 112-8688, Japan | 777,400 | 75.64% |
| |
| R | | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 142,743 | 32.18% |
| |
| R | | MG Trust Company Cust. FBO | | | | | World Resources Institute Pension P | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3304 | 61,917 | 13.96% |
| |
| R5 | | Putnam Investment Holdings LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 837 | 100.00% |
| |
| R6 | | Putnam Investment Holdings LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 324,509 | 99.74% |
| |
| Y | | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,171,219 | 34.89% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 315,510 | 9.40% |
| |
| Y | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 700,823 | 20.88% |
| |
| Y** | | Great-West Trust Company LLC — | | | | | The Putnam Retirement Plan | 237,456 | 7.70% |
| |
| Putnam Global Industrials Fund | | Putnam Global Industrials Fund | | | A | National Financial Services LLC | | | Pershing, LLC | | | | 499 Washington Blvd | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310 | 23,501 | 14.62% | Jersey City, NJ 07399-0001 | 239,882 | 28.61% |
| A | Pershing LLC | | | Putnam LLC | | | | 1 Pershing Plaza | | | One Post Office Square | | | | Jersey City, NJ 07399 | 18,066 | 11.24% | Boston, MA 02109-2199 | 196,001 | 23.37% |
| A | Edward D. Jones & Co | | | National Financial Services, LLC | | | | 201 Progress Parkway | | | 499 Washington Blvd | | | | Maryland HTS, MO 63043-3009 | 14,340 | 8.92% | Jersey City, NJ 07310-2010 | 125,469 | 14.96% |
| B | National Financial Services LLC | | | Wells Fargo Advisors | | | | 499 Washington Blvd | | | 2801 Market St. | | | | Jersey City, NJ 07310 | 4,274 | 19.84% | St. Louis, MO 63103-2523 | 7,406 | 23.54% |
| B | Pershing LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 | 6,837 | 31.73% | Jersey City, NJ 07399-0001 | 6,106 | 19.41% |
| B | Michelle Riley | | | | | 380 Westport Tpke | | | | | Fairfield, CT 06824-1682 | 2,534 | 11.76% | |
| | B | Jerald C. Jordan & Leslie M. Jordan | | | | | PO Box 258 | | | | | Riddle, OR 97469-0258 | 1,111 | 5.16% | |
| | C | Pershing, LLC | | | LPL Financial | | | | 1 Pershing Plaza | | | 9785 Towne Centre Dr. | | | | Jersey City, NJ 07399-0001 | 4,185 | 16.18% | San Diego, CA 92121-1968 | 2,293 | 5.65% |
| C | Jerry/Susan O’Donnell | | | National Financial Services, LLC | | | | 6345 Peace Pipe Dr. | | | 499 Washington Blvd | | | | Billings, MT 59106-3680 | 2,385 | 9.22% | Jersey City, NJ 07310-2010 | 2,107 | 5.19% |
| C | James M. Beckwith | | | | | 420 Bricker Lane | | | | | Lebanon, PA 17042 | 2,061 | 7.97% | |
| | C | Carolyn R Beckwith | | | | | 420 Bricker Lane | | | | | Lebanon, PA 17042 | 2,061 | 7.97% | |
| | C | Janice P. Anderson | | | | | 22993 Valley High Rd | | | | | Morrison, CO 80465 | 1,622 | 6.27% | |
| | M | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,138 | 75.92% | |
| | M | Antoinette E. Simos | | | | | PO Box 92 | | | | | Nobelesville, IN 46061 | 360 | 24.08% | |
| | R | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,146 | 92.45% | |
| | R | MG Trust Company | | | | | AD Enterprises | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 94 | 7.55% | |
| | Y | Robert L. Reynolds | | | | | 153 Garfield Road | | | | | Concord, MA 01742 | 19,279 | 7.l7% | |
| | Y | Aaron Cooper and Emily G Cooper | | | | | 31 Winthrop Rd. | | | | | Lexington, MA 02421 | 14,320 | 5.32% | |
| | Y | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33718-1100 | 141,317 | 52.53% | |
| | Y** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 65,084 | 24.19% | |
| | Putnam Global Technology Fund | | | | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 26,085 | 5.19% | |
| | A | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 141,167 | 28.11% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 52,588 | 10.47% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Technology Fund (cont.) | | | | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 15,755 | 23.76% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 5,826 | 8.79% | |
| | Putnam Global Industrials Fund (cont.) | | Putnam Global Industrials Fund (cont.) | | | C | Lee Frankel | | | Pershing, LLC | | | | 9060 Union Turnpike, Apt. 17A | | | 1 Pershing Plaza | | | | Glendale, NY 11385-8072 | 9,253 | 12.73% | Jersey City, NJ 07399-0001 | 14,786 | 36.44% |
| C | Charles Schwab & Co. Inc. | | | Wells Fargo Advisors | | | | 101 Montgomery St. | | | 2801 Market St. | | | | San Francisco, CA 94104-4151 | 10,042 | 13.82% | St. Louis, MO 63103-2523 | 7,754 | 19.11% |
| M | Cynthia Baker IRA Rollover Plan | | | Priscilla Popov | | | | 3804 Cibola Trl | | | 58 Grace Ave, Fl. 1 | | | | Carrollton, TX 75007-6238 | 1,405 | 24.93% | Great Neck, NY 11021-2617 | 192 | 5.27% |
| M | Susan B. Kellett IRA Rollover Plan | | | LPL Financial | | | | 633 Fairview Ave. | | | 9785 Towne Centre Dr. | | | | St. Louis, MO 63119-1808 | 1,110 | 19.69% | San Diego, CA 92121-1968 | 1,105 | 30.33% |
| M | Kathy Neri IRA Rollover Plan | | | Judy R. Taylor IRA Rollover Plan | | | | 446 Beckham Dr. | | | 3289 W. Fieldstream Lane | | | | San Jose, CA 95123-5608 | 1,013 | 17.98% | Meridian, ID 83646-8331 | 1,257 | 34.48% |
| M | Edward D. Jones & Co. | | | Teri M. LePage IRA Plan | | | | 201 Progress Pkwy | | | 5 Andrew Lane | | | | Maryland Heights, MO 63043-3009 | 789 | 14.01% | Bear, DE 19701-1542 | 544 | 14.91% |
| M | Steven D. Arizaga SEP IRA Plan | | | Russell L. Levings & Carolyn S. Levings | | | 6734 Mission St. | | | 4640 Northride Lane | | | | Yuma, AZ 85365-8898 | 362 | 6.43% | Noble, OK 73068-8102 | 247 | 6.79% |
| M | Marcos Silva | | | Sharon K. Winnie-Vann IRA Rollover Plan | | | 12162 NW 75th Pl. | | | PO Box 221 | | | | Parkland, FL 33076-4500 | 351 | 6.22% | Seneca, MO 64865-0221 | 193 | 5.30% |
| M | Marilyn L. Hauf | | | | | 381 Rushing Creek CT | | | | | Henderson, NV 89014-4512 | 339 | 6.02% | |
| | R | MG Trust Company | | | CBNA FBO State Motors, INc. | | | | Hampton | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 116 | 8.07% | |
| | R | Frontier Trust Company | | | | | Tierra Media Inc. 401k | | | | | PO Box 10758 | | | 6 RHaods Dr, Ste. 7 | | | | Fargo, ND 58106-0758 | 83 | 5.76% | Utica, NY 12502-6317 | 785 | 18.76% |
| R | FIIOC FBO | | | Frontier Trust Company | | | | Farmers Insurance Co. | | | Respiratory & Sleep Disorders | | | | 100 Magellan Way | | | PO Box 10758 | | | | Covington, KY 41015-1987 | 93 | 6.46% | Fargo, ND 58106-0758 | 2,189 | 52.30% |
| R | Putnam LLC | | | Putnam LLC | | | | One Post Office Square | | | One Post Office Square | | | | Boston, MA 02109-2199 | 1,144 | 79.71% | Boston, MA 02109-2199 | 1,207 | 28.85% |
| Y | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 14,216 | 13.17% | St. Louis, MO 63103-2523 | 11,801 | 10.75% |
| Y | Ravi Akhoury | | | Ravi Akhoury | | | | 6 Pine Valley Way | | | 6 Pine Valley Way | | | | Florham Park, NJ 07932-2700 | 6,443 | 5.97% | Florham Park, NJ 07932-2700 | 6,124 | 5.58% |
| Y | | S. Scott Usecheck | | | | | 65 Anderson St, Apt. 1B | | | | | Boston, MA 02114-4354 | 5,828 | 5.31% |
| |
| Y**** | Great-West Trust Company, LLC — | | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 39,600 | 36.70% | The Putnam Retirement Plan | 41,595 | 37.88% |
| Y*** | Putnam Global Sector Fund — | | | Putnam Global Sector Fund — | | | | Global Technology Fund A shares | 12,731 | 11.80% | Global Industrials Fund A shares | 11,321 | 10.31% |
| Y*** | Putnam Global Sector Fund — | | | Putnam Global Sector Fund — | | | | Global Technology Fund Y shares | 21,342 | 19.78% | Global Industrials Fund Y shares | 19,015 | 17.32% |
| Putnam Global Telecommunications Fund | | | | Putnam Global Natural Resources Fund | | Putnam Global Natural Resources Fund | | | A | National Financial Services, LLC | | | Pershing, LLC | | | | 499 Washington Blvd | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310 | 58,891 | 6.90% | Jersey City, NJ 07399-0001 | 972,511 | 8.79% |
| A | Putnam LLC | | | Wells Fargo Advisors | | | | One Post Office Square | | | 2801 Market St. | | | | Boston, MA 02109-2199 | 216,403 | 25.35% | St. Louis, MO 63103-2523 | 627,781 | 5.67% |
| A | Pershing, LLC | | | | B | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 94,124 | 11.03% | St. Louis, MO 63103-2523 | 69,845 | 10.21% |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 61,415 | 8.98% |
| |
| C | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 90,406 | 14.19% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 68,460 | 10.75% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 43,241 | 6.79% |
| |
| C | | MLPF&S | | | | | 4800 Deer Lake Dr, E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 41,828 | 6.57% |
| |
| C | | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 36,618 | 5.75% |
| |
| R | | Hartford Securities Distribution | | | | | As agent for Reliance Trust Co. | | | | | FBO — Agents Plan Customers | | | | | PO Box 2999 | | | | | Hartford, CT 06104-2999 | 74,001 | 10.58% |
| |
| R | | Capital Bank & Trust Company | | | | | AAC 401k & PSP | | | | | c/o Plan Premier Fascorp | | | | | 8515 E. Orchard Rd, #2T2 | | | | | Greenwood Village, CO 80111-5002 | 47,625 | 6.81% |
| |
| R | | Merrill Lynch | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 46,183 | 6.61% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 267,607 | 11.58% |
| |
| Y | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 143,834 | 6.23% |
| |
| Y | | Merrill Lynch | | | | | 4800 Deer Lake Dr., E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,696,733 | 73.44% |
| |
| Putnam Global Sector Fund | | Putnam Global Sector Fund | | | A | | RBC Capital Markets, LLC | | | | | 510 Marquette Ave S. | | | | | Minneapolis, MN 5504-1110 | 11,128 | 6.92% |
| |
| A | | National Financial Services LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310 | 23,501 | 14.62% |
| |
| A | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 18,066 | 11.24% |
| |
| A | | Edward D. Jones & Co | | | | | 201 Progress Parkway | | | | | Maryland HTS, MO 63043-3009 | 14,340 | 8.92% |
| |
| B | | National Financial Services LLC | | | | | 499 Washington Blvd | | |
|
| Jersey City, NJ 07310 | 4,274 | 19.84% | | |
| B | Pershing, LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 9,473 | 24.76% | Jersey City, NJ 07399 | 6,837 | 31.73% |
| B | Betsy H. Dexheimer IRA Plan | | | Michelle Riley | | | | 19 Woodrow Rd | | | 380 Westport Tpke | | | | Batavia, NY 14020-1201 | 2,571 | 6.72% | Fairfield, CT 06824-1682 | 2,534 | 11.76% |
| B | USAA Investment Management Company | | Jerald C. Jordan & Leslie M. Jordan | | | | 9800 Fredericksburg Rd | | | PO Box 258 | | | | San Antonio, TX 78288-0001 | 2,080 | 5.44% | Riddle, OR 97469-0258 | 1,111 | 5.16% |
| C | LPL Financial | | | Pershing, LLC | | | | 9785 Towne Centre Dr. | | | 1 Pershing Plaza | | | | San Diego, CA 92121-1968 | 4,658 | 7.42% | Jersey City, NJ 07399-0001 | 4,185 | 16.18% |
| C | Pershing, LLC | | | Jerry/Susan O’Donnell | | | | 1 Pershing Plaza | | | 6345 Peace Pipe Dr. | | | | Jersey City, NJ 07399-0001 | 5,124 | 8.17% | Billings, MT 59106-3680 | 2,385 | 9.22% |
| C | Raymond James | | | James M. Beckwith | | | | 880 Carillon Pkwy | | | 420 Bricker Lane | | | | St. Petersburg, FL 33716-1100 | 16,089 | 25.64% | Lebanon, PA 17042 | 2,061 | 7.97% |
| C | Wells Fargo Advisors | | | Carolyn R Beckwith | | | | 2801 Market St. | | | 420 Bricker Lane | | | | St. Louis, Mo 63103-2523 | 14,235 | 22.68% | Lebanon, PA 17042 | 2,061 | 7.97% |
| C | National Financial Services, LLC | | | Janice P. Anderson | | | | 499 Washing Blvd | | | 22993 Valley High Rd | | | | Jersey City, NJ 07310-2010 | 3,985 | 6.35% | Morrison, CO 80465 | 1,622 | 6.27% |
| M | Craig Stastny | | | | | 1184 Adler Ln | | | | | Carol Stream, IL 60188-1332 | 522 | 16.08% | |
| | M | WTRISC as TTEE FBO United Talent Agency | | | | PO Box 52129 | | | | | Phoenix, AZ 85072-2129 | 228 | 7.03% | |
| | M | Ameritrade, Inc. | | | | | PO Box 2226 | | | | | Omaha, NE 68103-2226 | 206 | 6.35% | |
| | M | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 1,171 | 36.07% | |
| | M | Victoria E. Cravens / Walter B. Nash IRA Plan | | | | 5203 Paseo Ricoso | | | | | Camarillo, CA 93102-5326 | 321 | 9.90% | |
| | M | Teri M. LePage IRA Plan | | | | | 5 Andrew Lane | | | | | Bear, DE 19701—1542 | 195 | 6.02% | |
| | M | Paul Lodge | | | | | 13400 Burgundy Pl | | | | | Caldwell, ID 83607-9690 | 543 | 16.71% | |
| | R | M Squared Strategies, Inc. | | | | | 717 17th St, Ste. 1300 | | | | | Denver, CO 80202-3304. | 1,735 | 8.71% | |
| | R | Frontier Trust Company | | | | | Envelope Freedom Holdings, LLC | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 2,761 | 13.86% | |
| | R | Frontier Trust Company | | | | | Respiratory & Sleep Disorder Specialists | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 5,106 | 25.63% | |
| | R | Frontier Trust Company | | | | | FBO — RKT Savings & Retirement Plan | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 2,925 | 14.68% | |
| | R | DB Systems Corp Profit Sharing | | | | | Frontier Trust Company | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 1,920 | 9.64% | |
| | R | MG Trust Company | | | | | FBO — Computerland Network Technologies | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 1,809 | 9.08% | |
| | R | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 1,182 | 5.93% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Global Telecommunications Fund (cont.) | | | Y | Pershing, LLC | | | | Putnam Global Sector Fund (cont.) | | Putnam Global Sector Fund (cont.) | | | M | | Putnam LLC | | | | 1 Pershing Plaza | | | One Post Office Square | | | | Jersey City, NJ 07399-0001 | 126,809 | 55.87% | Boston, MA 02109 | 1,138 | 75.92% |
| Y**** | Great-West Trust Company — | | | | M | | Antoinette E. Simos | | | | | PO Box 92 | | | | | Nobelesville, IN 46061 | 360 | 24.08% |
| |
| R | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,146 | 92.45% |
| |
| R | | MG Trust Company | | | | | AD Enterprises | | | | | 717 17th St. Ste. 1300 | | | | The Putnam Retirement Plan | 48,657 | 21.44% | Denver, CO 80202-3304 | 94 | 7.55% |
| Y | Charles Schwab & Co., Inc. | | | Robert L. Reynolds | | | | 101 Montgomery St. | | | 153 Garfield Road | | | | San Francisco, CA 94104-4151 | 13,576 | 5.98% | Concord, MA 01742 | 19,279 | 7.l7% |
| Putnam Global Utilities Fund | | | | Y | | Aaron Cooper and Emily G Cooper | | | | | 31 Winthrop Rd. | | | | | Lexington, MA 02421 | 14,320 | 5.32% |
| |
| Y | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33718-1100 | 141,317 | 52.53% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 65,084 | 24.19% |
| |
| Putnam Global Technology Fund | | Putnam Global Technology Fund | | | A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 1,297,967 | 7.68% | Jersey City, NJ 07310-2010 | 26,085 | 5.19% |
| A | Edward D. Jones & Co. | | | Putnam LLC | | | | 201 Progress Pkwy | | | One Post Office Square | | | | Maryland Heights, MO 63043-3009 | 1,249,907 | 7.39% | Boston, MA 02109-2199 | 141,167 | 28.11% |
| A | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market St. | | | 1 Pershing Plaza | | | | St. Louis, MO 63103-2523 | 958,382 | 5.67% | Jersey City, NJ 07399-0001 | 52,588 | 10.47% |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 30,242 | 6.28% | Jersey City, NJ 07399-0001 | 15,755 | 23.76% |
| B | Charles Schwab & Co., Inc. | | | Wells Fargo Advisors | | | | 101 Montgomery St. | | | 2801 Market St. | | | | San Francisco, CA 94104-4151 | 27,701 | 5.75% | St. Louis, MO 63103-2523 | 5,826 | 8.79% |
| C | National Financial Services, LLC | | | Lee Frankel | | | | 499 Washing Blvd | | | 9060 Union Turnpike, Apt. 17A | | | | Jersey City, NJ 07310-2010 | 17,709 | 5.25% | Glendale, NY 11385-8072 | 9,253 | 12.73% |
| C | Pershing, LLC | | | Charles Schwab & Co. Inc. | | | | 1 Pershing Plaza | | | 101 Montgomery St. | | | | Jersey City, NJ 07399-0001 | 45,728 | 13.56% | San Francisco, CA 94104-4151 | 10,042 | 13.82% |
| C | MLPF&S | | | | M | | Cynthia Baker IRA Rollover Plan | | | | 4800 Deer Lake Dr, E., FL 3 | | | 3804 Cibola Trl | | | | Jacksonville, FL 32246-8484 | 19,697 | 5.84% | Carrollton, TX 75007-6238 | 1,405 | 24.93% |
| M | Rosemary Newman | | | Susan B. Kellett IRA Rollover Plan | | | | 3278 W. Catalina Ln. | | | 633 Fairview Ave. | | | | Boise, ID 83705-4005 | 5,931 | 5.32% | St. Louis, MO 63119-1808 | 1,110 | 19.69% |
| M | Edward D. Jones & Co. | | | Kathy Neri IRA Rollover Plan | | | | 201 Progress Pkwy | | | 446 Beckham Dr. | | | | Maryland Heights, MO 63043-3009 | 12,720 | 11.42% | San Jose, CA 95123-5608 | 1,013 | 17.98% |
| M | Pershing, LLC | | | Edward D. Jones & Co. | | | | 1 Pershing Plaza | | | 201 Progress Pkwy | | | | Jersey City, NJ 07399-0001 | 5,936 | 5.33% | Maryland Heights, MO 63043-3009 | 789 | 14.01% |
| R | MLPF&S | | | | M | | Steven D. Arizaga SEP IRA Plan | | | | 4800 Deer Lake Dr, E., FL 3 | | | 6734 Mission St. | | | | Jacksonville, FL 32246-8484 | 18,166 | 14.68% | Yuma, AZ 85365-8898 | 362 | 6.43% |
| R | Frontier Trust Company | | | | M | | Marcos Silva | | | | Caring for Women 401K Plan | | | 12162 NW 75th Pl. | | | | PO Box 10758 | | | Parkland, FL 33076-4500 | 351 | 6.22% | | Fargo, ND 58106-0758 | 14,493 | 11.71% |
|
| | R | Frontier Trust Company | | | | M | | Marilyn L. Hauf | | | | Micro-Mode Product Inc. 401k Plan | | | 381 Rushing Creek CT | | | | PO Box 10758 | | | Henderson, NV 89014-4512 | 339 | 6.02% | | Fargo, ND 58106-0758 | 12,111 | 9.79% |
|
| | Y**** | Great-West Trust Company — | | | | | The Putnam Retirement Plan | 145,861 | 45.87% | |
| | Y | Merrill Lynch | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 64,659 | 20.34% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 17,467 | 5.49% | |
| | The Putnam Fund for Growth and Income | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 19,428,134 | 7.25% | |
| | A | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive Benefit of Customer | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 15,220,138 | 5.67% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 409,384 | 7.86% | |
| | C | UBS Wealth Management USA | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 410,265 | 16.04% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 207,753 | 8.12% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 135,134 | 5.28% | |
| | M | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 132,804 | 6.85% | |
| | M | Edward D. Jones & Co. | | | | | Attn: Mutual Fund Shareholder | | | | R | | MG Trust Company | | | | Accounting | | | Hampton | | | | 201 Progress Pkwy | | | 717 17th St. Ste. 1300 | | | | Maryland Hts, MO 63043-3009 | 130,299 | 6.72% | Denver, CO 80202-3304 | 116 | 8.07% |
| R | MG Trust Co Cust FBO | | | Frontier Trust Company | | | | Freestate Management LLC | | | Tierra Media Inc. 401k | | | | 700 17th St., Ste. 300 | | | PO Box 10758 | | | | Denver, CO 80202-3304 | 62,177 | 29.25% | Fargo, ND 58106-0758 | 83 | 5.76% |
| R | Capital Bank & Trust Co | | | FIIOC FBO | | | | Geddes & Co Pension Plan | | | Farmers Insurance Co. | | | | 8515 E. Orchard Rd. #2T2 | | | 100 Magellan Way | | | | Greenwood Vlg, CO 80111-5002 | 36,761 | 17.29% | Covington, KY 41015-1987 | 93 | 6.46% |
| R | Capital Bank & Trust Co | | | Putnam LLC | | | | HK Research Corp PSP | | | One Post Office Square | | | | 8515 E. Orchard Rd. #2T2 | | | Boston, MA 02109-2199 | 1,144 | 79.71% | | Greenwood Vlg, CO 80111-5002 | 29,164 | 13.72% |
|
| | R5 | Putnam Investment Holdings, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 749 | 100.00% | |
| | R6 | Putnam Investment Holdings, LLC | | | | Y | | Pershing, LLC | | | | One Post Office Square | | | 1 Pershing Plaza | | | | Boston, MA 02109 | 973,849 | 99.62% | Jersey City, NJ 07399-0001 | 14,216 | 13.17% |
| Y | Wells Fargo Advisors | | | Ravi Akhoury | | | | Special Custody Acct for the | | | 6 Pine Valley Way | | | | Exclusive Benefit of Customer | | | Florham Park, NJ 07932-2700 | 6,443 | 5.97% | | 2801 Market St. | | |
| Y**** | | Great-West Trust Company, LLC — | | | | Saint Louis, MO 63103-2523 | 235,835 | 9.80% | The Putnam Retirement Plan | 39,600 | 36.70% |
| Y | Morgan Stanley Smith Barney | | | | Y*** | | Putnam Global Sector Fund — | | | | Harborside Financial Center | | | Global Technology Fund A shares | 12,731 | 11.80% | | Plaza 2, 3rd Floor | | |
| Y*** | | Putnam Global Sector Fund — | | | | Jersey City, NJ 07311 | 215,174 | 8.94 | Global Technology Fund Y shares | 21,342 | 19.78% |
| Y | Merrill Lynch | | | | | 4800 Deer Lake Dr. E. FL 3. | | | | | Jacksonville, FL 32246-6484 | 191,348 | 7.95% | |
| | Y** | Great-West Trust | | | | | Company LLC TTEE | 470,773 | 19.56% | |
| | Putnam Growth Opportunities Fund | | | | Putnam Global Telecommunications Fund | | Putnam Global Telecommunications Fund | | | A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 1,327 | 8.95% | Jersey City, NJ 07310 | 58,891 | 6.90% |
| A | Wells Fargo Advisors | | | Putnam LLC | | | | Special Custody Acct for the | | | One Post Office Square | | | | Exclusive Benefit of Customer | | | Boston, MA 02109-2199 | 216,403 | 25.35% | | 2801 Market St. | | |
| | Saint Louis, MO 63103-2523 | 836,386 | 5.64% | |
| | A | National Financial Services LLC | | | Pershing, LLC | | | | For The Exclusive Benefit | | | 1 Pershing Plaza | | | | Of Our Customers | | | Jersey City, NJ 07399-0001 | 94,124 | 11.03% | | 499 Washington Blvd | | |
| B | | Pershing, LLC | | | | Attn: Mutual Funds Dept 4th Fl. | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310-2010 | 769,422 | 5.19% | Jersey City, NJ 07399-0001 | 9,473 | 24.76% |
| B | | Betsy H. Dexheimer IRA Plan | | | | | 19 Woodrow Rd | | | | | Batavia, NY 14020-1201 | 2,571 | 6.72% |
| |
| B | | USAA Investment Management Company | | | | 9800 Fredericksburg Rd | | | | | San Antonio, TX 78288-0001 | 2,080 | 5.44% |
| |
| C | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 4,658 | 7.42% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 5,124 | 8.17% |
| |
| C | | Raymond James | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 16,089 | 25.64% |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, Mo 63103-2523 | 14,235 | 22.68% |
| |
| C | | National Financial Services, LLC | | | | | 499 Washing Blvd | | | | | Jersey City, NJ 07310-2010 | 3,985 | 6.35% |
| |
| M | | Craig Stastny | | | | | 1184 Adler Ln | | | | | Carol Stream, IL 60188-1332 | 522 | 16.08% |
| |
| M | | WTRISC as TTEE FBO United Talent Agency | | | | PO Box 52129 | | | | | Phoenix, AZ 85072-2129 | 228 | 7.03% |
| |
| M | | Ameritrade, Inc. | | | | | PO Box 2226 | | | | | Omaha, NE 68103-2226 | 206 | 6.35% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Growth Opportunities Fund (cont.) | | | B | Charles Schwab & Co. Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 87,205 | 8.87% | |
| | C | Charles Schwab & Co. Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 41,479 | 5.31% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 77,030 | 9.85% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 69,685 | 8.91% | |
| | C | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 67,154 | 8.59% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | Putnam Global Telecommunications Fund (cont.) | | Putnam Global Telecommunications Fund (cont.) | | M | | Putnam LLC | | | | Plaza 2, 3rd Floor | | | One Post Office Square | | | | Jersey City, NJ 07311 | 41,300 | 5.28% | Boston, MA 02109-2199 | 1,171 | 36.07% |
| M | Wells Fargo Advisors | | | Victoria E. Cravens/Walter B. Nash IRA Plan | | | Special Custody Acct for the | | | 5203 Paseo Ricoso | | | | Exclusive Benefit of Customer | | | Camarillo, CA 93102-5326 | 321 | 9.90% |
| |
| M | | Teri M. LePage IRA Plan | | | | | 5 Andrew Lane | | | | | Bear, DE 19701—1542 | 195 | 6.02% |
| |
| M | | Paul Lodge | | | | 2801 Market St. | | | 13400 Burgundy Pl | | | | Saint Louis, MO 63103-2523 | 20,457 | 8.29% | Caldwell, ID 83607-9690 | 543 | 16.71% |
| R | Frontier Trust Company 10771 | | | M Squared Strategies, Inc. | | | | PO Box 10758 | | | 717 17th St, Ste. 1300 | | | | Fargo, ND 58106-0758 | 46,229 | 43.84% | Denver, CO 80202-3304 | 1,735 | 8.71% |
| R | Counsel Trust DBA MATC FBO | | | Frontier Trust Company | | | | CCBG Architects Inc. 401K Profit | | | | | Sharing Plan & Trust | | | | | 1251 Waterfront Pl. Ste. 525 | | | | | Pittsburg, PA 15222-4228 | 13,680 | 12.97% | |
| | R | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | Envelope Freedom Holdings, LLC | | | | 2801 Market St. | | | PO Box 10758 | | | | Saint Louis, MO 63103-2523 | 9,686 | 9.19% | Fargo, ND 58106-0758 | 2,761 | 13.86% |
| R | Capital Bank & Trust Company TTEE | | | Frontier Trust Company | | | | EVO 401K PSP | | | Respiratory & Sleep Disorder Specialists | | | 8515 E. Orchard Rd. 2T2 | | | PO Box 10758 | | | | Greenwood Village, CO 80111-5002 | 7,243 | 6.87% | Fargo, ND 58106-0758 | 5,106 | 25.63% |
| R | MG Trust Company | | | Frontier Trust Company | | | | Stark Custom Doors 401K | | | FBO — RKT Savings & Retirement Plan | | | 717 17th St. Ste. 1300 | | | PO Box 10758 | | | | Denver, CO 80202-3304 | 5,847 | 5.55% | Fargo, ND 58106-0758 | 2,925 | 14.68% |
| R5 | Putnam LLC | | | | R | | DB Systems Corp Profit Sharing | | | | One Post Office Square | | | Frontier Trust Company | | | | Boston, MA 02109-2199 | 562 | 100.00% | PO Box 10758 | | |
|
| Fargo, ND 58106-0758 | 1,920 | 9.64% | R6 | Putnam LLC | | | |
| |
| R | | MG Trust Company | | | | One Post Office Square | | | FBO — Computerland Network Technologies | | | Boston, MA 02109-2199 | 300,792 | 93.29 | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3531 | 1,809 | 9.08% | R6 | Great-West Trust Company, LLC | | | | | Recordkeeper for various benefit plans | |
| R | | Putnam LLC | | | | 8515 E. Orchard Rd. 2T2 | | | One Post Office Square | | | | Greenwood Village, CO 80111-5002 | 21,055 | 6.53% | Boston, MA 02109-2199 | 1,182 | 5.93% |
| Y | Great-West Trust Company, LLC | | | Pershing, LLC | | | | The Putnam Retirement Plan | | | 1 Pershing Plaza | | | | 8515 E. Orchard Rd. 2T2 | | | Jersey City, NJ 07399-0001 | 126,809 | 55.87% | | Greenwood Village, CO 80111-5002 | 55,172 | 10.66% |
|
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | Y**** | | Great-West Trust Company — | | | | Saint Louis, MO 63103-2523 | 108,673 | 20.99% | The Putnam Retirement Plan | 48,657 | 21.44% |
| Y | LPL Financial | | | Charles Schwab & Co., Inc. | | | | Omnibus Customer Account | | | 101 Montgomery St. | | | | Attn: Lindsay O’Toole | | | San Francisco, CA 94104-4151 | 13,576 | 5.98% | | 9785 Towne Centre Dr. | | |
| Putnam Global Utilities Fund | | Putnam Global Utilities Fund | | | A | | Pershing, LLC | | | | San Diego, CA 92121-1968 | 53,942 | 10.42% | 1 Pershing Plaza | | |
|
| Jersey City, NJ 07399-0001 | 1,297,967 | 7.68% |
| |
| A | | Edward D. Jones & Co. | | | | | 201 Progress Pkwy | | | | | Maryland Heights, MO 63043-3009 | 1,249,907 | 7.39% |
| |
| A | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 958,382 | 5.67% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 30,242 | 6.28% |
| |
| B | | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 27,701 | 5.75% |
| |
| C | | National Financial Services, LLC | | | | | 499 Washing Blvd | | | | | Jersey City, NJ 07310-2010 | 17,709 | 5.25% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 45,728 | 13.56% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| C | | MLPF&S | | | | | 4800 Deer Lake Dr, E., FL 3 | | | Putnam High Yield Advantage Fund | | | | | | Jacksonville, FL 32246-8484 | 19,697 | 5.84% |
| |
| M | | Rosemary Newman | | | | | 3278 W. Catalina Ln. | | | | | Boise, ID 83705-4005 | 5,931 | 5.32% |
| |
| M | | Edward D. Jones & Co. | | | | | 201 Progress Pkwy | | | | | Maryland Heights, MO 63043-3009 | 12,720 | 11.42% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 5,936 | 5.33% |
| |
| R | | MLPF&S | | | | | 4800 Deer Lake Dr, E., FL 3 | | | | | Jacksonville, FL 32246-8484 | 18,166 | 14.68% |
| |
| R | | Frontier Trust Company | | | | | Caring for Women 401K Plan | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 14,493 | 11.71% |
| |
| R | | Frontier Trust Company | | | | | Micro-Mode Product Inc. 401k Plan | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 12,111 | 9.79% |
| |
| Y**** | | Great-West Trust Company — | | | | | The Putnam Retirement Plan | 145,861 | 45.87% |
| |
| Y | | Merrill Lynch | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 64,659 | 20.34% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 17,467 | 5.49% |
| |
| Putnam Growth Opportunities Fund | | Putnam Growth Opportunities Fund | | | A | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 13,114,775 | 14.33% | Jersey City, NJ 07399-0001 | 1,327 | 8.95% |
| A | UBS Wealth Management USA | | | Wells Fargo Advisors | | | | Omni Account M/F | | | Special Custody Acct for the | | | | Attn: Department Manager | | | Exclusive Benefit of Customer | | | | 1000 Harbor Blvd | | | 2801 Market St. | | | | Weehawken, NJ 07086-6761 | 10,220,428 | 11.17% | Saint Louis, MO 63103-2523 | 836,386 | 5.64% |
| A | Hartford Life Insurance Co. | | | National Financial Services LLC | | | | DC III Separate Acct. CL A | | | For The Exclusive Benefit | | | | Attn: UIT Operations | | | Of Our Customers | | | | 1 Griffin Rd. N | | | 499 Washington Blvd | | | | Windsor, CT 06095-1512 | 9,533,204 | 10.42% | Attn: Mutual Funds Dept 4th Fl. | | |
|
| Jersey City, NJ 07310-2010 | 769,422 | 5.19% | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 4,693,156 | 5.13% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 565,758 | 20.19% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 365,363 | 13.04% | |
| | B | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 195,845 | 6.99% | |
| | B | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 171,442 | 6.12% | |
| B | Charles Schwab & Co., Inc. | | | Charles Schwab & Co. Inc. | | | | 101 Montgomery St. | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 145,054 | 5.18% | San Francisco, CA 94104-4151 | 87,205 | 8.87% |
| C | UBS Wealth Management USA | | | Charles Schwab & Co. Inc. | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 958,438 | 20.51% | |
| | C | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | 101 Montgomery St. | | | | Jersey City, NJ 07310-2010 | 749,677 | 16.04% | San Francisco, CA 94104-4151 | 41,479 | 5.31% |
| C | MLPF&S For The Sole Benefit | | | Wells Fargo Advisors | | | | Of Its Customers | | | Special Custody Acct for the | | | | Attn: Fund Administration | | | Exclusive Benefit of Customer | | | | 4800 Deer Lake Dr., E., FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 635,145 | 13.59% | Saint Louis, MO 63103-2523 | 77,030 | 9.85% |
| C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 340,631 | 7.29% | Jersey City, NJ 07399-0001 | 69,685 | 8.91% |
| C | Wells Fargo Advisors | | | MLPF&S For The Sole Benefit | | | | Special Custody Acct for the | | | Of Its Customers | | | | Exclusive Benefit of Customer | | | Attn: Fund Administration | | | | 2801 Market St. | | | 4800 Deer Lake Dr., E., FL 3 | | | | Saint Louis, MO 63103-2523 | 311,050 | 6.65% | Jacksonville, FL 32246-6484 | 67,154 | 8.59% |
| M | Mitsubishi UFJ Morgan Stanley | | | | C | | Morgan Stanley Smith Barney | | | | Securities Co. Ltd. | | | Harborside Financial Center | | | | Structured Products Division | | | Plaza 2, 3rd Floor | | | | 29-20, Mejirodai 3-Chome, Bunkyo-Ku | | Jersey City, NJ 07311 | 41,300 | 5.28% | | Tokyo 112-8688, Japan | 18,098,538 | 94.42% |
|
| | R | Hartford Life Insurance Co. | | | | | Company DC III Separate Acct. | | | | | Attn: UIT Operations | | | | | 1 Griffin Rd. N | | | | | Windsor, CT 06095-1512 | 2,718,137 | 69.77% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Growth Opportunities Fund (cont.) | | Putnam Growth Opportunities Fund (cont.) | | M | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | Putnam High Yield Advantage Fund (cont.) | | | R** | Great-West Life & Annuity | | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 20,457 | 8.29% |
| |
| R | | Frontier Trust Company 10771 | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 46,229 | 43.84% |
| |
| R | | Counsel Trust DBA MATC FBO | | | | | CCBG Architects Inc. 401K Profit | | | | | Sharing Plan & Trust | | | | | 1251 Waterfront Pl. Ste. 525 | | | | | Pittsburg, PA 15222-4228 | 13,680 | 12.97% |
| |
| R | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 9,686 | 9.19% |
| |
| R | | Capital Bank & Trust Company TTEE | | | | | EVO 401K PSP | | | | | 8515 E. Orchard Rd. 2T2 | | | | | Greenwood Village, CO 80111-5002 | 7,243 | 6.87% |
| |
| R | | MG Trust Company | | | | | Stark Custom Doors 401K | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 5,847 | 5.55% |
| |
| R5 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 562 | 100.00% |
| |
| R6 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109-2199 | 300,792 | 93.29 |
| |
| R6 | | Great-West Trust Company, LLC | | | | Fascore LLC | | | Recordkeeper for various benefit plans | | | 8515 E. Orchard Rd. 2T2 | | | 8515 E. Orchard Rd. 2T2 | | | | Greenwood, CO 80111-5002 | 889,558 | 22.83% | Greenwood Village, CO 80111-5002 | 21,055 | 6.53% |
| Y | Pershing, LLC | | | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | | | | 1 Pershing Plaza | | | 8515 E. Orchard Rd. 2T2 | | | | Jersey City, NJ 07399-0001 | 7,343,358 | 20.40% | Greenwood Village, CO 80111-5002 | 55,172 | 10.66% |
| Y | Charles Schwab & Co. Inc. | | | Wells Fargo Advisors | | | | Special Custody A/C FBO Customers | | Special Custody Acct for the | | | | Attn: Mutual Funds | | | Exclusive Benefit of Customer | | | | 101 Montgomery St. | | | 2801 Market St. | | | | San Francisco, CA 94104-4151 | 2,957,796 | 8.22% | Saint Louis, MO 63103-2523 | 108,673 | 20.99% |
| Y | National Financial Services LLC | | | LPL Financial | | | | For The Exclusive Benefit | | | Omnibus Customer Account | | | | Of Our Customers | | | Attn: Lindsay O’Toole | | | | 499 Washington Blvd | | | 9785 Towne Centre Dr. | | | | Attn: Mutual Funds Dept 4th Fl. | | | San Diego, CA 92121-1968 | 53,942 | 10.42% | | Jersey City, NJ 07310-2010 | 2,185,322 | 6.07% |
|
| | Y | MLPF&S For The Sole Benefit | | | | Putnam High Yield Advantage Fund | | Putnam High Yield Advantage Fund | | | A | | Pershing, LLC | | | | Of Its Customers | | | 1 Pershing Plaza | | | | Attn: Fund Administration | | | Jersey City, NJ 07399-0001 | 13,114,775 | 14.33% | | 4800 Deer Lake Dr., E., FL 3 | | |
| | Jacksonville, FL 32246-6484 | 15,640,809 | 43.46% | |
| | Putnam High Yield Trust | | | | A | Edward D. Jones & Co. | | | UBS Wealth Management USA | | | | Attn: Mutual Fund Shareholder | | | Omni Account M/F | | | | Accounting | | | Attn: Department Manager | | | | 201 Progress Pkwy | | | 1000 Harbor Blvd | | | | Maryland Hts, MO 63043-3009 | 15,760,620 | 11.37% | Weehawken, NJ 07086-6761 | 10,220,428 | 11.17% |
| A | Wells Fargo Advisors | | | Hartford Life Insurance Co. | | | | Special Custody Acct for the | | | DC III Separate Acct. CL A | | | | Exclusive Benefit of Customer | | | Attn: UIT Operations | | | | 2801 Market St. | | | 1 Griffin Rd. N | | | | Saint Louis, MO 63103-2523 | 10,606,716 | 7.65% | Windsor, CT 06095-1512 | 9,533,204 | 10.42% |
| A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | 499 Washington Blvd | | | | Jersey City, NJ 07399-0001 | 7,723,295 | 5.57% | Jersey City, NJ 07310-2010 | 4,693,156 | 5.13% |
| A | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 9,859,453 | 7.11% | |
| | B | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 142,670 | 5.61% | |
| | B | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 594,257 | 23.35% | Saint Louis, MO 63103-2523 | 565,758 | 20.19% |
| B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 292,964 | 11.51% | |
| | B | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 162,290 | 6.38% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 894,783 | 12.62% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 769,699 | 10.85% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 365,363 | 13.04% |
| |
| B | | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 195,845 | 6.99% |
| |
| B | | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 171,442 | 6.12% |
| |
| B | | Charles Schwab & Co., Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 145,054 | 5.18% |
| |
| C | | UBS Wealth Management USA | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd | | |
|
| Weehawken, NJ 07086-6761 | 958,438 | 20.51% | | |
| C | National Financial Services LLC | | | National Financial Services LLC | | | | For The Exclusive Benefit | | | For The Exclusive Benefit | | | | Of Our Customers | | | Of Our Customers | | | | 499 Washington Blvd | | | 499 Washington Blvd | | | | Attn: Mutual Funds Dept 4th Fl. | | | Attn: Mutual Funds Dept 4th Fl. | | | | Jersey City, NJ 07310-2010 | 609,461 | 8.59% | Jersey City, NJ 07310-2010 | 749,677 | 16.04% |
| C | MLPF&S For The Sole Benefit | | | MLPF&S For The Sole Benefit | | | | Of Its Customers | | | Of Its Customers | | | | Attn: Fund Administration | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr., E., FL 3 | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 434,964 | 6.13% | Jacksonville, FL 32246-6484 | 635,145 | 13.59% |
| C | UBS Wealth Management USA | | | Pershing, LLC | | | | Omni Account M/F | | | 1 Pershing Plaza | | | | Attn: Department Manager | | | Jersey City, NJ 07399-0001 | 340,631 | 7.29% | | 1000 Harbor Blvd | | |
| C | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | Weehawken, NJ 07086-6761 | 382,390 | 5.39% | Saint Louis, MO 63103-2523 | 311,050 | 6.65% |
| M | DCGT as TTEE and /or CUST FBO | | | Mitsubishi UFJ Morgan Stanley | | | | Principal Financial Group | | | | | Qualified FIA Omnibus | | | Securities Co. Ltd. | | | | Attn: NPIO Trade Desk | | | Structured Products Division | | | | 711 High St. | | | 29-20, Mejirodai 3-Chome, Bunkyo-Ku | | | Des Moines, IA 50392-0001 | 205,608 | 7.35% | Tokyo 112-8688, Japan | 18,098,538 | 94.42% |
| R | State Street Bank TTEE Cust FBO | | | Hartford Life Insurance Co. | | | | ADP Access | | | Company DC III Separate Acct. | | | | 1 Lincoln St. | | | Attn: UIT Operations | | | | Boston, MA 02111-2901 | 551,299 | 35.71% | 1 Griffin Rd. N | | |
|
| Windsor, CT 06095-1512 | 2,718,137 | 69.77% | R | Great-West Life & Annuity | | | | | Fascore, LLC | | |
| R** | | Great-West Life & Annuity | | | | 8515 E. Orchard Rd, #2T2 | | | Fascore LLC | | | | Greenwood Village, CO 80111-5002 97,927 | 6.34% | |
| | R**** | Great-West Trust Company LLC — | | | | | Employee Benefits Clients 401K | 202,102 | 13.09% | |
| | Y | Pershing, LLC | | | | | 1 Pershing Plaza | | | 8515 E. Orchard Rd. 2T2 | | | | Jersey City, NJ 07399-0001 | 9,142,491 | 32.82% | Greenwood, CO 80111-5002 | 889,558 | 22.83% |
| Y | Tufts Assoc HMO | | | Pershing, LLC | | | | 705 Mount Auburn St. | | | 1 Pershing Plaza | | | | Watertown, MA 02472-1508 | 4,728,532 | 16.97% | Jersey City, NJ 07399-0001 | 7,343,358 | 20.40% |
| Y | Charles Schwab & Co., Inc. | | | Charles Schwab & Co. Inc. | | | | 101 Montgomery St. | | | Special Custody A/C FBO Customers | | | San Francisco, CA 94104-4151 | 1,761,675 | 6.32% | Attn: Mutual Funds | | |
|
| 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 2,957,796 | 8.22% |
| |
| Y | Network Health, LLC | | | National Financial Services LLC | | | | 705 Mount Auburn St. | | | For The Exclusive Benefit | | | | Watertown, MA 02472-1508 | 1,545,664 | 5.55% | Of Our Customers | | |
|
| 499 Washington Blvd | | | Putnam Income Fund | | | | A | National Financial Services, LLC | | | | | One World Financial Center | | | Attn: Mutual Funds Dept 4th Fl. | | | | New York, NY 10281 | 9,455k375 | 8.74% | Jersey City, NJ 07310-2010 | 2,185,322 | 6.07% |
| A | Pershing, LLC | | | | Y | | MLPF&S For The Sole Benefit | | | | 1Pershing Plaza | | | Of Its Customers | | | | Jersey City, NJ 07399-0001 | 7,124,647 | 6.59% | Attn: Fund Administration | | |
|
| 4800 Deer Lake Dr., E., FL 3 | | | A | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | Jacksonville, FL 32246-6484 | 15,640,809 | 43.46% | | Jacksonville, FL 32246-6484 | 6,569,994 | 6.08% |
|
| | A | Edward D Jones & Co. | | | | | 201 Progress Pkwy | | | | | Maryland Heights, MO 63043-3009 | 6,195,051 | 5.73% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 5,513l214 | 5.10% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 1,164,860 | 23.31% | |
| | B | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 631,809 | 12.65% | |
| | B | National Financial Services, LLC | | | | | One World Financial Center | | | | | New York, NY 10281 | 476,914 | 9.55% | |
| | B | Pershing, LLC | | | | | 1Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 435,974 | 8.73% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam High Yield Trust | | Putnam High Yield Trust | | | A | | Edward D. Jones & Co. | | | | | 12555 Manchester Rd. | | | Putnam Income Fund (cont.) | | | | | | St. Louis, MO 63131-3729 | 15,760,620 | 11.37% |
| |
| A | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 10,606,716 | 7.65% |
| |
| A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 7,723,295 | 5.57% |
| |
| A | | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 9,859,453 | 7.11% |
| |
| B | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 142,670 | 5.61% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 594,257 | 23.35% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 292,964 | 11.51% |
| |
| B | | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 162,290 | 6.38% |
| |
| C | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | Attn: Fund Administration | | | Exclusive Benefit of Customer | | | | 4800 Deer Lake Dr. E FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 4,300,374 | 22.55% | Saint Louis, MO 63103-2523 | 894,783 | 12.62% |
| C | Wells Fargo Advisors | | | Pershing, LLC | | | | 2801 Market St. | | | 1 Pershing Plaza | | | | Saint Louis, MO 63103-2523 | 2,647,732 | 13.88% | Jersey City, NJ 07399-0001 | 769,699 | 10.85% |
| C | Pershing, LLC | | | National Financial Services LLC | | | | 1Pershing Plaza | | | For The Exclusive Benefit | | | | Jersey City, NJ 07399-0001 | 2,210,869 | 11.59% | Of Our Customers | | |
|
| 499 Washington Blvd | | | C | National Financial Services, LLC | | | | | 499 Washington Blvd. | | | Attn: Mutual Funds Dept 4th Fl. | | | | Jersey City, NJ 07310 | 1,564,279 | 8.20% | Jersey City, NJ 07310-2010 | 609,461 | 8.59% |
| C | Raymond James | | | MLPF&S For The Sole Benefit | | | | Attn: Courtney Waller | | | Of Its Customers | | | | 880 Carillon Pkwy | | | Attn: Fund Administration | | | | St. Petersburg, FL 33716-1100 | 1,030,642 | 5.40% | 4800 Deer Lake Dr., E., FL 3 | | |
|
| Jacksonville, FL 32246-6484 | 434,964 | 6.13% |
| |
| C | Morgan Stanley Smith Barney | | | UBS Wealth Management USA | | | | Harborside Financial Center | | | Omni Account M/F | | | | Plaza 2, 3rd Floor | | | Attn: Department Manager | | | | Jersey City, NJ 07311 | 1,180,945 | 6.19% | |
| | C | UBS WM USA | | | | | 1000 Harbor Blvd | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086-6761 | 1,057,816 | 5.55% | Weehawken, NJ 07086-6761 | 382,390 | 5.39% |
| M | Mizuho Securities Co., Ltd. | | | DCGT as TTEE and/or CUST FBO | | | | Product Development Dept. | | | Principal Financial Group | | | | Operations & Administration Office | | Qualified FIA Omnibus | | | | JA Bldg. 1-3-1, Otemachi | | | Attn: NPIO Trade Desk | | | | Chiyoda-Ku, Tokyo, | | | 711 High St. | | | | 100-6825 Japan | 16,613,600 | 90.32% | Des Moines, IA 50392-0001 | 205,608 | 7.35% |
| R | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | State Street Bank TTEE Cust FBO | | | | Attn: Fund Administration | | | ADP Access | | | | 4800 Deer Lake Dr. E FL 3 | | | 1 Lincoln St. | | | | Jacksonville, FL 32246-6484 | 94,602 | 8.90% | Boston, MA 02111-2901 | 551,299 | 35.71% |
| R | Hartford Life Insurance | | | Great-West Life & Annuity | | | | Attn: UIT Operations | | | Fascore, LLC | | | | 1 Griffin Rd N | | | 8515 E. Orchard Rd, #2T2 | | | | Windsor, CT 06095-1512 | 65,857 | 6.20% | Greenwood Village, CO 80111-5002 | 97,927 | 6.34% |
| R5 | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,467 | 100.00% | |
| | R6 | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 784,711 | 99.81% | |
| | Y | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 3,991,684 | 19.72% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 3,819,128 | 18.87% | |
| | Y | Pershing, LLC | | | | | 1Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,648,312 | 8.14% | |
| | Y | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 2,094,948 | 10.35% | |
| | Y | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 1,344,233 | 6.64% | |
| | Y** | Great-West Trust Company, LLC — | | | | Recordkeeping for various | | | | | benefit plans | 1,343,672 | 6.64% | |
| | Putnam Intermediate-Term Municipal Income Fund | | | A | Putnam Investments Holdings, LLC | | | | One Post Office Square | | | | | Boston, MA 02109 | 999,874 | 88.23% | |
| | B | Putnam Investments Holdings, LLC | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,001 | 100.00% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | C | Putnam Investments Holdings, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,001 | 100.00% | |
| | M | Putnam Investments Holdings, LLC | | | | | One Post Office Square | | | | R**** | | Great-West Trust Company LLC — | | | | Boston, MA 02109 | 1,003 | 100.00% | Employee Benefits Clients 401K | 202,102 | 13.09% |
| Y | Jameson A. Baxter & Reginald R. Baxter | | Pershing, LLC | | | | 626 Old Barn Rd. | | | 1 Pershing Plaza | | | | LK Barrington, IL 60010-6203 | 2,482 | 35.82% | Jersey City, NJ 07399-0001 | 9,142,491 | 32.82% |
| Y | George Putnam, III | | | Tufts Assoc HMO | | | | 49 Union St. | | | 705 Mount Auburn St. | | | | Manchester, MA 01944-1561 | 1,191 | 17.19% | Watertown, MA 02472-1508 | 4,728,532 | 16.97% |
| Y | Putnam Investments Holdings, LLC | | | Charles Schwab & Co., Inc. | | | | One Post Office Square | | | 101 Montgomery St. | | | | Boston, MA 02109 | 1,005 | 14.50% | San Francisco, CA 94104-4151 | 1,761,675 | 6.32% |
| Y | Andra S. Bolotin & Steven J. Bolotin | | | Network Health, LLC | | | | &C Donnell St. | | | 705 Mount Auburn St. | | | | Cambridge, MA 02138 | 1,001 | 14.44% | Watertown, MA 02472-1508 | 1,545,664 | 5.55% |
| Putnam International Capital Opportunities Fund | | | Putnam Income Fund | | Putnam Income Fund | | | A | Pershing, LLC | | | National Financial Services, LLC | | | | 1 Pershing Plaza | | | One World Financial Center | | | | Jersey City, NJ 07399-0001 | 2,033,303 | 12.52% | New York, NY 10281 | 9,455,375 | 8.74% |
| A | National Financial Services LLC | | | Pershing, LLC | | | | For the Exclusive Benefit | | | 1Pershing Plaza | | | | of our Customers | | | Jersey City, NJ 07399-0001 | 7,124,647 | 6.59% | | 200 Liberty Street, 5th Fl. | | |
| A | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | One World Financial Center | | | 4800 Deer Lake Dr E FL 3 | | | | New York, NY 10281-5503 | 1,365,714 | 8.41% | Jacksonville, FL 32246-6484 | 6,569,994 | 6.08% |
| A | Wells Fargo Advisors | | | Edward D Jones & Co. | | | | Special Custody Account for the | | | 201 Progress Pkwy | | | | Exclusive Benefit of Customer | | | Maryland Heights, MO 63043-3009 | 6,195,051 | 5.73% | | 2801 Market St. | | |
| A | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 1,014,383 | 6.25% | Saint Louis, MO 63103-2523 | 5,513l214 | 5.10% |
| B | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Account for the | | | 2801 Market St. | | | | Exclusive Benefit of Customer | | | Saint Louis, MO 63103-2523 | 1,164,860 | 23.31% |
| |
| B | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 631,809 | 12.65% |
| |
| B | | National Financial Services, LLC | | | | 2801 Market St. | | | One World Financial Center | | | | Saint Louis, MO 63103-2523 | 29,768 | 5.82% | New York, NY 10281 | 476,914 | 9.55% |
| B | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 30,684 | 6.00% | Jersey City, NJ 07399-0001 | 435,974 | 8.73% |
| C | Wells Fargo Advisors | | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | Special Custody Account for the | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 4,300,374 | 22.55% |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 2,647,732 | 13.88% |
| |
| C | | Pershing, LLC | | | | | 1Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 2,210,869 | 11.59% |
| |
| C | | National Financial Services, LLC | | | | | 499 Washington Blvd. | | | | | Jersey City, NJ 07310 | 1,564,279 | 8.20% |
| |
| C | | Raymond James | | | | Exclusive Benefit of Customer | | | Attn: Courtney Waller | | | | 2801 Market St. | | | 880 Carillon Pkwy | | | | Saint Louis, MO 63103-2523 | 179,948 | 16.34% | St. Petersburg, FL 33716-1100 | 1,030,642 | 5.40% |
| C | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 155,453 | 14.11% | Jersey City, NJ 07311 | 1,180,945 | 6.19% |
| C | MLPF&S for the Sole Benefit | | | UBS WM USA | | | | of Its Customers | | | 1000 Harbor Blvd | | | | Attn: Fund Administration | | | Weehawken, NJ 07086-6761 | 1,057,816 | 5.55% | | 4800 Deer Lake Dr. E FL 3 | | |
| | Jacksonville, FL 32246-6484 | 105,535 | 9.58% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 91,321 | 8.29% | |
| | C | National Financial Services LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 74,808 | 6.79% | |
| | M | National Financial Services LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 23,786 | 11.13% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam International Capital Opportunities Fund (cont.) | | Putnam Income Fund (cont.) | | Putnam Income Fund (cont.) | | | M | Pershing, LLC | | | Mizuho Securities Co., Ltd. | | | | 1 Pershing Plaza | | | Product Development Dept. | | | | Jersey City, NJ 07399-0001 | 16,034 | 7.50% | |
| | R | Hartford Life Insurance Co. | | | | | DC III Separate Acct R | | | Operations & Administration Office | | | Attn: UIT Operations | | | JA Bldg. 1-3-1, Otemachi | | | | 1 Griffinn Rd. | | | Chiyoda-Ku, Tokyo, | | | | N. Windsor, CT 06095-1512 | 242,366 | 21.87% | 100-6825 Japan | 16,613,600 | 90.32% |
| R | State Street Bank | | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | Ttee Cust FBO | | | Attn: Fund Administration | | | | ADP Access | | | 4800 Deer Lake Dr. E FL 3 | | | | 1 Lincoln St. | | | Jacksonville, FL 32246-6484 | 94,602 | 8.90% | | Boston, MA 02111-2901 | 218,282 | 19.70% |
| R | | Hartford Life Insurance | | |
|
| Attn: UIT Operations | | | R**** | Great West Life & | | | | | | 1 Griffin Rd N | | | | | Windsor, CT 06095-1512 | 65,857 | 6.20% |
| |
| R5 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,467 | 100.00% |
| |
| R6 | | Putnam LLC | | | | | One Post Office Square | | | | Annuity-Fascore, LLC | 233,435 | 21.06% | Boston, MA 02109 | 784,711 | 99.81% |
| Y | Wells Fargo Advisors | | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | Special Custody Account for the | | | | | Exclusive Benefit of Customer | | | Attn: Fund Administration | | | | 2801 Market St. | | | 4800 Deer Lake Dr. E FL 3 | | | | Saint Louis, MO 63103-2523 | 363,599 | 10.57% | Jacksonville, FL 32246-6484 | 3,991,684 | 19.72% |
| Y | Charles Schwab & Co Inc. | | | Morgan Stanley Smith Barney | | | | Clearing Account for the Exclusive | | | Harborside Financial Center | | | | Benefit of Their Customers | | | Plaza 2, 3rd Floor | | | | 101 Montgomery St. | | | Jersey City, NJ 07311 | 3,819,128 | 18.87% | | San Francisco, CA 94104-4151 | 284,647 | 8.28% |
| Y | | Pershing, LLC | | | | | 1Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,648,312 | 8.14% |
| Y | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 212,881` | 6.19% | Saint Louis, MO 63103-2523 | 2,094,948 | 10.35% |
| Y**** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 439,187 | 12.77% | |
| | Y**** | Great-West Trust Company, LLC — | | | | Y | | National Financial Services, LLC | | | | Recordkeeping for various | | | 499 Washington Blvd | | | | benefit plans | 347,011 | 10.09% | Jersey City, NJ 07310-2010 | 1,344,233 | 6.64% |
| Putnam International Equity Fund | | | | A | Pershing, LLC | | | | Y** | | Great-West Trust Company, LLC — | | | 1 Pershing Plaza | | | Recordkeeping for various | | | | Jersey City, NJ 07399-0001 | 3,463,800 | 9.01% | benefit plans | 1,343,672 | 6.64% |
| A | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 2,893,663 | 7.52% | |
| | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 2,511,650 | 6.53% | |
| | Putnam Intermediate-Term Municipal Income Fund | | Putnam Intermediate-Term Municipal Income Fund | | A | MLPF&S | | | Putnam Investments Holdings, LLC | | | 4800 Deer Lake Dr., E., FL 3 | | | One Post Office Square | | | | Jacksonville, FL 32246-6484 | 1,976,645 | 5.14% | Boston, MA 02109 | 999,874 | 88.23% |
| B | Pershing, LLC | | | Putnam Investments Holdings, LLC | | | 1 Pershing Plaza | | | One Post Office Square | | | | Jersey City, NJ 07399-0001 | 84,716 | 7.97% | Boston, MA 02109 | 1,001 | 100.00% |
| C | MLPF&S | | | Putnam Investments Holdings, LLC | | | 4800 Deer Lake Dr.,E., FL 3 | | | One Post Office Square | | | | Jacksonville, FL 32246-6484 | 406,208 | 15.24% | Boston, MA 02109 | 1,001 | 100.00% |
| C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 350,163 | 13.13% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 309,608 | 11.61% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 219,487 | 8.23% | |
| | C | UBS WM USA | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 186,927 | 7.01% | |
| | C | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 183,266 | 6.87% | |
| | M | MLPF&S | | | Putnam Investments Holdings, LLC | | | 4800 Deer Lake Dr., E., FL 3 | | | One Post Office Square | | | | Jacksonville, FL 32246-6484 | 81,910 | 10.29% | Boston, MA 02109 | 1,003 | 100.00% |
| Y | | Jameson A. Baxter & Reginald R. Baxter | | | | 626 Old Barn Rd. | | | | | LK Barrington, IL 60010-6203 | 2,482 | 35.82% |
| |
| Y | | George Putnam, III | | | | | 49 Union St. | | | | | Manchester, MA 01944-1561 | 1,191 | 17.19% |
| |
| Y | | Putnam Investments Holdings, LLC | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,005 | 14.50% |
| |
| Y | | Andra S. Bolotin & Steven J. Bolotin | | | | 7C Donnell St. | | | | | Cambridge, MA 02138 | 1,001 | 14.44% |
| |
| Putnam International Capital Opportunities Fund | | Putnam International Capital Opportunities Fund | | A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 2,033,303 | 12.52% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Wells Fargo Advisors | | | | A | | National Financial Services LLC | | | | 2801 Market St. | | | For the Exclusive Benefit | | | | St. Louis, MO 63103-2523 | 58,041 | 7.29% | of our Customers | | |
|
| 200 Liberty Street, 5th Fl. | | | M | Morgan Stanley Smith Barney | | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 1,365,714 | 8.41% |
| |
| A | | Wells Fargo Advisors | | | | | Special Custody Account for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 1,014,383 | 6.25% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Account for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 29,768 | 5.82% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 30,684 | 6.00% |
| |
| C | | Wells Fargo Advisors | | | | | Special Custody Account for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 179,948 | 16.34% |
| |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 155,453 | 14.11% |
| |
| C | | MLPF&S for the Sole Benefit | | | | | of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 105,535 | 9.58% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 91,321 | 8.29% |
| |
| C | | National Financial Services LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | Harborside Financial Center | | | 200 Liberty Street, 5th Fl. | | | | Plaza 2, 3rd Floor | | | One World Financial Center | | | | Jersey City, NJ 07311 | 42,561 | 5.35% | New York, NY 10281-5503 | 74,808 | 6.79% |
| M | Mercer Trust Company | | | National Financial Services LLC | | | | CKS Packaging, Inc. 401K Plan | | | For the Exclusive Benefit | | | | 1 Investors Way | | | of our Customers | | | | Norwood, MA 02062-1599 | 39,771 | 5.00% | 200 Liberty Street, 5th Fl. | | |
|
| One World Financial Center | | | | | New York, NY 10281-5503 | 23,786 | 11.13% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 16,034 | 7.50% |
| |
| R | MG Trust Company Trustee | | | Hartford Life Insurance Co. | | | | | DC III Separate Acct R | | | | Federal Steel & Erection Company | | | Attn: UIT Operations | | | | 717 17th St., Ste. 1300 | | | 1 Griffinn Rd. | | | | Denver, CO 80202-3304 | 13,301 | 9.52% | N. Windsor, CT 06095-1512 | 242,366 | 21.87% |
| R | Reliance Trust Company FBO | | | State Street Bank | | | | American Dawn | | | Ttee Cust FBO | | | | PO Box 48529 | | | ADP Access | | | | Atlanta, GA 30362-1529 | 12,471 | 8.92% | 1 Lincoln St. | | |
|
| Boston, MA 02111-2901 | 218,282 | 19.70% | R5 | Putnam, LLC | | | | | One Post Office Square | | |
| | Boston, MA 02109 | 590 | 100.00% | |
| | R6 | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | | | | | 8515 E. Orchard St., #2T2 | | | | | Greenwood Village, CO 80111-5002 | 670,745 | 99.91% | |
| | Y | Wells Fargo Bank FBO — Tetra Tech Inc. | | | | 1525 West WT Harris Blvd | | | | R**** | | Great West Life & | | | | Charlotte, NC 28288—1076 | 903,574 | 34.95% | Annuity-Fascore, LLC | 233,435 | 21.06% |
| Y | Great-West Trust Company, LLC — | | | Wells Fargo Advisors | | | | Recordkeeping for various | | | Special Custody Account for the | | | | benefit plans | | | Exclusive Benefit of Customer | | | | 8515 E. Orchard St., #2T2 | | | 2801 Market St. | | | | Greenwood Village, CO 80111-5002 | 593,149 | 22.94% | Saint Louis, MO 63103-2523 | 363,599 | 10.57% |
| Y | Wells Fargo Advisors | | | Charles Schwab & Co Inc. | | | | Special Custody Account for the | | | Clearing Account for the Exclusive | | | | Exclusive Benefit of Customer | | | Benefit of Their Customers | | | | 2801 Market St. | | | 101 Montgomery St. | | | | St. Louis, MO 63103-2523 | 390,605 | 15.11% | San Francisco, CA 94104-4151 | 284,647 | 8.28% |
| Y | Merrill Lynch | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 135,306 | 5.23% | |
| | Putnam International Growth Fund | | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,218,375 | 7.14% | |
| | A | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 1,144,340 | 6.71% | |
| | A | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 954,968 | 5.60% | |
| | A | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 921,699 | 5.40% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 27,483 | 5.78% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 28,888 | 6.08% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam International Growth Fund (cont.) | | | | C | MLPF&S For The Sole Benefit | | | | Putnam International Capital Opportunities Fund (cont.) | | Putnam International Capital Opportunities Fund (cont.) | Y | | Pershing, LLC | | | | Of Its Customers | | | 1 Pershing Plaza | | | | Attn: Fund Administration | | | Jersey City, NJ 07399-0001 | 212,881` | 6.19% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 439,187 | 12.77% |
| |
| Y**** | | Great-West Trust Company, LLC — | | | | | Recordkeeping for various | | | | | benefit plans | 347,011 | 10.09% |
| |
| Putnam International Equity Fund | | Putnam International Equity Fund | | | A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 3,463,800 | 9.01% |
| |
| A | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 2,893,663 | 7.52% |
| |
| A | | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 2,511,650 | 6.53% |
| |
| A | | MLPF&S | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,976,645 | 5.14% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 84,716 | 7.97% |
| |
| C | | MLPF&S | | | | 4800 Deer Lake Dr., E., FL 3 | | | 4800 Deer Lake Dr.,E., FL 3 | | | | Jacksonville, FL 32246-6484 | 65,813 | 12.89% | Jacksonville, FL 32246-6484 | 406,208 | 15.24% |
| C | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 42,288 | 8.28% | Jersey City, NJ 07311 | 350,163 | 13.13% |
| C | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | 2801 Market St. | | | | Exclusive Benefit of Customer | | | St. Louis, MO 63103-2523 | 309,608 | 11.61% | | 2801 Market St. | | |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | Saint Louis, MO 63103-2523 | 42,986 | 8.42% | Jersey City, NJ 07399-0001 | 219,487 | 8.23% |
| C | Pershing, LLC | | | UBS WM USA | | | | 1 Pershing Plaza | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07399-0001 | 39,912 | 7.82% | Weehawken, NJ 07086-6761 | 186,927 | 7.01% |
| C | National Financial Services LLC | | | National Financial Services, LLC | | | | For The Exclusive Benefit | | | 499 Washington Blvd | | | | Of Our Customers | | | Jersey City, NJ 07310-2010 | 183,266 | 6.87% | | 499 Washington Blvd | | |
| M | | MLPF&S | | | | Attn: Mutual Funds Dept 4th Fl. | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jersey City, NJ 07310-2010 | 32,070 | 6.28% | Jacksonville, FL 32246-6484 | 81,910 | 10.29% |
| M | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 29,894 | 8.04% | St. Louis, MO 63103-2523 | 58,041 | 7.29% |
| M | Wells Fargo Advisors | | | Morgan Stanley Smith Barney | | | | Special Custody Acct for the | | | Harborside Financial Center | | | | Exclusive Benefit of Customer | | | Plaza 2, 3rd Floor | | | | 2801 Market St. | | | Jersey City, NJ 07311 | 42,561 | 5.35% | | Saint Louis, MO 63103-2523 | 20,991 | 5.64% |
|
| | M | MLPF&S For The Sole Benefit | | | Mercer Trust Company | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 23,162 | 6.23% | |
| | M | Edward D. Jones & Co. | | | | | Attn: Mutual Fund Shareholder | | | | | Accounting | | | CKS Packaging, Inc. 401K Plan | | | | 201 Progress Pkwy | | | 1 Investors Way | | | | Maryland Hts, MO 63043-3009 | 21,796 | 5.86% | Norwood, MA 02062-1599 | 39,771 | 5.00% |
| R | Capital Bank & Trust Co. | | | MG Trust Company Trustee | | | | Geddes & Co. Pension Plan | | | Federal Steel & Erection Company | | | | 8515 E. Orchard Rd. 2T2 | | | 717 17th St., Ste. 1300 | | | | Greenwood Vlg, CO 80111-5002 | 15,799 | 11.75% | Denver, CO 80202-3304 | 13,301 | 9.52% |
| R | MLPF&S For The Sole Benefit | | | Reliance Trust Company FBO | | | | Of Its Customers | | | American Dawn | | | | Attn: Fund Administration | | | PO Box 48529 | | | | 4800 Deer Lake Dr., E., FL 3 | | | Atlanta, GA 30362-1529 | 12,471 | 8.92% | | Jacksonville, FL 32246-6484 | 14,585 | 10.85% |
|
| | R | MG Trust Company | | | | R5 | | Putnam, LLC | | | | Miller Brothers Inc 401(K) Sav | | | One Post Office Square | | | | 700 17th St., Ste. 300 | | | Boston, MA 02109 | 590 | 100.00% | | Denver, CO 80202-3531 | 10,099 | 7.51% |
|
| | R | MG Trust Company | | | | | DTI Integrated Business Solution | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 7,626 | 5.67% | |
| | R | MG Trust Company | | | | | M&M Pediatrics P.C. | | | | | 717 17th St. Ste. 1300 | | | | | Denver, CO 80202-3304 | 9,086 | 6.76% | |
| | Y | Merrill Lynch | | | | | 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 154,601 | 14.51% | |
| | Y** | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | 608,355 | 57.08% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| R6 | | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | | | Putnam International Value Fund | | | | A | Edward D. Jones & Co. | | | | | | 8515 E. Orchard St., #2T2 | | | | | Greenwood Village, CO 80111-5002 | 670,745 | 99.91% |
| |
| Y | | Wells Fargo Bank FBO — Tetra Tech Inc. | | | | 1525 West WT Harris Blvd | | | | | Charlotte, NC 28288—1076 | 903,574 | 34.95% |
| |
| Y | | Great-West Trust Company, LLC — | | | | Attn: Mutual Fund Shareholder | | | Recordkeeping for various | | | | Accounting | | | benefit plans | | | | 201 Progress Pkwy | | | 8515 E. Orchard St., #2T2 | | | | Maryland Hts., MO 63043-3009 | 2,759,187 | 16.50% | Greenwood Village, CO 80111-5002 | 593,149 | 22.94% |
| B | Edward D. Jones & Co. | | | | Y | | Wells Fargo Advisors | | | | Attn: Mutual Fund Shareholder | | | Special Custody Account for the | | | | Accounting | | | Exclusive Benefit of Customer | | | | 201 Progress Pkwy | | | 2801 Market St. | | | | Maryland Hts., MO 63043-3009 | 74,879 | 10.42% | St. Louis, MO 63103-2523 | 390,605 | 15.11% |
| M | Edward D. Jones & Co. | | | | Y | | Merrill Lynch | | | | Attn: Mutual Fund Shareholder | | | 4800 Deer Lake Dr., E., FL 3 | | | | Accounting | | | Jacksonville, FL 32246-6484 | 135,306 | 5.23% | | 201 Progress Pkwy | | |
| | Maryland Hts., MO 63043-3009 | 37,983 | 11.99% | |
| | Putnam International Growth Fund | | Putnam International Growth Fund | | | A | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plz | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 1,210,818 | 7.24% | Jersey City, NJ 07399-0001 | 1,218,375 | 7.14% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct For The | | | Special Custody Acct for the | | | | Exclusive Benefit Of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 878,021 | 5.25% | Saint Louis, MO 63103-2523 | 1,144,340 | 6.71% |
| A | | MLPF&S For The Sole Benefit | | | | | Of Its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr., E., FL 3 | | | | | Jacksonville, FL 32246-6484 | 954,968 | 5.60% |
| |
| A | | National Financial Services LLC | | | | | For The Exclusive Benefit | | | | | Of Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept 4th Fl. | | | | | Jersey City, NJ 07310-2010 | 921,699 | 5.40% |
| |
| B | Pershing, LLC | | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 27,483 | 5.78% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | 1 Pershing Plz | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 37,813 | 5.26% | Saint Louis, MO 63103-2523 | 28,888 | 6.08% |
| C | MLPF&S for the Sole Benefit | | | MLPF&S For The Sole Benefit | | | | of Its Customers | | | Of Its Customers | | | | Attn. Fund Administration | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr. E FL 3 | | | 4800 Deer Lake Dr., E., FL 3 | | | | Jacksonville, FL 32246-6484 | 105,222 | 12.51% | Jacksonville, FL 32246-6484 | 65,813 | 12.89% |
| C | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 67,937 | 8.08% | Jersey City, NJ 07311 | 42,288 | 8.28% |
| C | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plz | | | Special Custody Acct for the | | | | Jersey City, NJ 07399-0001 | 52,127 | 6.20% | Exclusive Benefit of Customer | | |
|
| 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 42,986 | 8.42% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 39,912 | 7.82% |
| |
| C | National Financial Services, LLC | | | National Financial Services LLC | | | | for the Exclusive Benefit of Our Customers | | For The Exclusive Benefit | | | | 200 Liberty Street, 5th Fl | | | Of Our Customers | | | | One World Financial Center | | | 499 Washington Blvd | | | | New York, NY 10281-5503 | 45,903 | 5.46% | Attn: Mutual Funds Dept 4th Fl. | | |
|
| Jersey City, NJ 07310-2010 | 32,070 | 6.28% | M | LPL Financial | | | | | 9785 Towne Centre Dr. | | |
| | San Diego CA 92121-1968 | 17,416 | 5.50% | |
| | R | MLPF&S for the Sole Benefit of | | | | | Its Customers | | | | | Attn. Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 23,155 | 9.95% | |
| | R | MG Trust Company Cust FBO | | | | | Merit Contracting Inc. | | | | | 700 17th St. Ste 300 | | | | | Denver, CO 80202-3531 | 17,713 | 7.61% | |
| | Y | Great-West Trust Company, LLC — | | | | | The Putnam Retirement Plan | | | | | 8515 E Orchard Rd. 2T2 | | | | | Greenwood Village, CO 80111-5002 | 351,523 | 51.94% | |
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 53,912 | 7.97% | |
| | Y | MLPF&S for the Sole Benefit | | | | | of Its Customers | | | | | Attn. Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 43,237 | 6.39% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Investors Fund | | | | A | Pershing, LLC | | | | Putnam International Growth Fund (cont.) | | Putnam International Growth Fund (cont.) | | M | | Pershing, LLC | | | | 1 Pershing Plz | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 5,373,865 | 7.02% | Jersey City, NJ 07399-0001 | 29,894 | 8.04% |
| A | Wells Fargo Advisors | | | | M | | Wells Fargo Advisors | | | | Special Custody Acct For The | | | Special Custody Acct for the | | | | Exclusive Benefit of Customers | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 4,944,030 | 6.46% | Saint Louis, MO 63103-2523 | 20,991 | 5.64% |
| A | National Financial Services LLC | | | | M | | MLPF&S For The Sole Benefit | | | | For the Exclusive Benefit of Our Customers | | Of Its Customers | | | | 200 Liberty Street 5th Fl | | | Attn: Fund Administration | | | | One World Financial Center | | | 4800 Deer Lake Dr., E., FL 3 | | | | New York, NY 10281 | 3,943,858 | 5.16% | Jacksonville, FL 32246-6484 | 23,162 | 6.23% |
| C | Pershing, LLC | | | | | 1 Pershing Plz | | | | | Jersey City, NJ 07399-0001 | 222,440 | 11.00% | |
| | C | Wells Fargo Advisors | | | | M | | Edward D. Jones & Co. | | | | Special Custody Acct For The | | | Attn: Mutual Fund Shareholder | | | | Exclusive Benefit of Customers | | | Accounting | | | | 2801 Market St. | | | 201 Progress Pkwy | | | | Saint Louis, MO 63103-2523 | 137,720 | 6.81% | Maryland Hts, MO 63043-3009 | 21,796 | 5.86% |
| C | National Financial Services LLC | | | | R | | Capital Bank & Trust Co. | | | | For the Exclusive Benefit | | | Geddes & Co. Pension Plan | | | | of Our Customers | | | | | 200 Liberty Street 5th Fl | | | | | One World Financial Center | | | | | New York, NY 10281 | 146,264 | 7.23% | |
| | C | Merrill Lynch | | | | | For the Sole Benefit of its Customers | | | | Attn Fund Administration | | | | | 4800 Deer Lake Drive, E FL 3 | | | | | Jacksonville, FL 32246-6484 | 114,956 | 5.68% | |
| | C | UBS WM USA | | | | | Omni Account M/F | | | | | Atn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 112,977 | 5/59% | |
| | M* | CKS Packaging Inc. 401K Plan | 178,472 | 14.41% | |
| | R | ING National Trust Agent | | | | | 1 Orange Way | | | 8515 E. Orchard Rd. 2T2 | | | | Windsor, CT 06095-4773 | 40,767 | 24.61% | Greenwood Vlg, CO 80111-5002 | 15,799 | 11.75% |
| R | Hartford Life Insurance Co. | | | MLPF&S For The Sole Benefit | | | | DC III Separate Acct R | | | Of Its Customers | | | | Attn UIT Operations | | | Attn: Fund Administration | | | | 1 Griffin Rd N | | | 4800 Deer Lake Dr., E., FL 3 | | | | Windsor, CT 06095-1512 | 27,999 | 16.90% | Jacksonville, FL 32246-6484 | 14,585 | 10.85% |
| R | MG Trust Company | | | MG Trust Company | | | | Robert Sorrentino, DMD 401(K) P/S P | | Miller Brothers Inc 401(K) Sav | | | | 700 17th St. Ste 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 10,782 | 6.51% | Denver, CO 80202-3531 | 10,099 | 7.51% |
| R | Frontier Trust Company | | | MG Trust Company | | | | D. Burke Mechanical Corp 401k | | | DTI Integrated Business Solution | | | | PO Box 10758 | | | 700 17th St., Ste. 300 | | | | Fargo, ND 58106-0758 | 9,423 | 5.69% | Denver, CO 80202-3531 | 7,626 | 5.67% |
| R5 | Putnam LLC | | | | R | | MG Trust Company | | | | One Post Office Square | | | M&M Pediatrics P.C. | | | | Boston, MA 02109 | 724 | 100.00% | |
| | R6 | Putnam LLC | | | | | One Post Office Square | | | 717 17th St. Ste. 1300 | | | | Boston, MA 02109 | 749,386 | 99.90% | Denver, CO 80202-3304 | 9,086 | 6.76% |
| Y | Raymond James Omnibus for Mutual Funds | | Merrill Lynch | | | | House Acct Firm 92500015 | | | 4800 Deer Lake Dr. E. FL 3 | | | | Attn: Courtney Waller | | | Jacksonville, FL 32246-6484 | 154,601 | 14.51% | | 880 Carillon Pkwy | | |
| Y** | | Great-West Trust Company, LLC — | | | | St. Petersburgh, Fl 33716-1100 | 1,038,284 | 37.25% | The Putnam Retirement Plan | 608,355 | 57.08% |
| Putnam International Value Fund | | Putnam International Value Fund | | | A | | Edward D. Jones & Co. | | | | | Attn: Mutual Fund Shareholder | | | | | Accounting | | | | | 201 Progress Pkwy | | | | | Maryland Hts., MO 63043-3009 | 2,759,187 | 16.50% |
| |
| A | | Pershing, LLC | | | | | 1 Pershing Plz | | | | | Jersey City, NJ 07399-0001 | 1,210,818 | 7.24% |
| |
| A | | Wells Fargo Advisors | | | | | Special Custody Acct For The | | | | | Exclusive Benefit Of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 878,021 | 5.25% |
| |
| B | | Edward D. Jones & Co. | | | | | Attn: Mutual Fund Shareholder | | | | | Accounting | | | | | 201 Progress Pkwy | | | | | Maryland Hts., MO 63043-3009 | 74,879 | 10.42% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plz | | | | | Jersey City, NJ 07399-0001 | 37,813 | 5.26% |
| |
| C | | MLPF&S for the Sole Benefit | | | | | of Its Customers | | | | | Attn. Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 105,222 | 12.51% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | Putnam Low Volatility Equity Fund | | | | A | Putnam Investment Holdings, LLC | | | | One Post Office Square | | | | | Boston, MA 02109 | 296,000 | 75.08% | |
| | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 61,170 | 15.52% | |
| | B | RBD Capital Markets, LLC | | | | | 510 Marquette Ave S | | | | | Minneapolis, MN 55402-1110 | 3,805 | 36.58% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 2,157 | 20.74% | |
| | B | Putnam Investment Holdings, LLC | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,000 | 9.61% | |
| | B | Anthony J. Sciuto & Marguerite A. Sciuto | | | | 234 Summer St. | | | | | Haverhill, MA 01830-6318 | 966 | 9.29% | |
| | B | LPL Financial | | | | | 9785 Towne Centre Dr. | | | Plaza 2, 3rd Floor | | | | San Diego, CA 92121-1968 | 939 | 9.02% | Jersey City, NJ 07311 | 67,937 | 8.08% |
| C | Pershing, LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plz | | | | Jersey City, NJ 07399-0001 | 40,068 | 90.39% | Jersey City, NJ 07399-0001 | 52,127 | 6.20% |
| M | Putnam Investment Holdings, LLC | | | C | | National Financial Services, LLC | | | | | for the Exclusive Benefit of Our Customers | | | | 200 Liberty Street, 5th Fl | | | | One Post Office Square | | | One World Financial Center | | | | Boston, MA 02109 | 1,000 | 50.64% | New York, NY 10281-5503 | 45,903 | 5.46% |
| M | Kathie A. Rhorer & Karen Hattabaugh | | Edward D. Jones & Co. | | | | PO Box 1332 | | | Attn: Mutual Fund Shareholder | | | | Bedford, IN 47421-1332 | 975 | 49.36% | Accounting | | |
|
| 201 Progress Pkwy | | | Y | MCWOOD & CO | | | | | | Maryland Hts., MO 63043-3009 | 37,983 | 11.99% |
| |
| M | | LPL Financial | | | | | 9785 Towne Centre Dr. | | | | | San Diego CA 92121-1968 | 17,416 | 5.50% |
| |
| R | | MLPF&S for the Sole Benefit of | | | | | Its Customers | | | | | Attn. Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 23,155 | 9.95% |
| |
| R | | MG Trust Company Cust FBO | | | | PO Box 29522 | | | Merit Contracting Inc. | | | | Raleigh, NC | | | 700 17th St. Ste 300 | | | | 27626-0522 | 1,020,162 | 43.31% | Denver, CO 80202-3531 | 17,713 | 7.61% |
| Y | Wells Fargo Bank NA FBO | | | Great-West Trust Company, LLC — | | | | SGHS Operating Acct | | | The Putnam Retirement Plan | | | | PO Box 1533 | | | 8515 E Orchard Rd. 2T2 | | | | Minneapolis, MN 55480-1533 | 876,524 | 37.21% | Greenwood Village, CO 80111-5002 | 351,523 | 51.94% |
| Y | SEI PRIVATE TRCO | | | Wells Fargo Advisors | | | | C/O State Street Bank | | | Special Custody Acct for the | | | | 1 Freedom Valley Dr. | | | Exclusive Benefit of Customer | | | | Oaks, PA 19456-9989 | 348,524 | 14.80% | 2801 Market St. | | |
|
| Saint Louis, MO 63103-2523 | 53,912 | 7.97% | Putnam Massachusetts Tax Exempt Income Fund | | | A | National Financial Services, LLC | | | |
| |
| Y | | MLPF&S for the Sole Benefit | | | | for the Exclusive Benefit of Our Customers | | of Its Customers | | | | 499 Washington Blvd. | | | Attn. Fund Administration | | | | Attn: Mutual Funds Dept 4th Fl | | | 4800 Deer Lake Dr. E FL 3 | | | | Jersey City, NJ 07310-2010 | 4,070,656.946 | 13.79% | Jacksonville, FL 32246-6484 | 43,237 | 6.39% |
| A | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd. | | | | | Weehawken, NJ 07086-6761 | 2,598,544.322 | 8.80% | |
| | A | MLPF&S for the Sole Benefit of its Customers | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 2,547,210.620 | 8.63% | |
| | Putnam Investors Fund | | Putnam Investors Fund | | | A | Pershing LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plz | | | | Jersey City, NJ 07399-0001 | 2,322,115.630 | 7.87% | Jersey City, NJ 07399-0001 | 5,373,865 | 7.02% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct For The | | | | Exclusive Benefit of Customer | | | Exclusive Benefit of Customers | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 1,844,035.347 | 6.25% | Saint Louis, MO 63103-2523 | 4,944,030 | 6.46% |
| A | Morgan Stanley Smith Barney | | | National Financial Services LLC | | | | Harborside Financial Center | | | For the Exclusive Benefit of Our Customers | | | Plaza 2, 3rd Floor | | | 200 Liberty Street 5th Fl | | | | Jersey City, NJ 07311 | 1,668,139.292 | 5.65% | One World Financial Center | | |
|
| New York, NY 10281 | 3,943,858 | 5.16% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plz | | | | | Jersey City, NJ 07399-0001 | 222,440 | 11.00% |
| |
| C | | Wells Fargo Advisors | | | | | Special Custody Acct For The | | | | | Exclusive Benefit of Customers | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 137,720 | 6.81% |
| |
| C | | National Financial Services LLC | | | | | For the Exclusive Benefit | | | | | of Our Customers | | | | | 200 Liberty Street 5th Fl | | | | | One World Financial Center | | | | | New York, NY 10281 | 146,264 | 7.23% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Massachusetts Tax Exempt Income Fund (cont.) | | B | RBC Capital Markets, LLC | | | | Putnam Investors Fund (cont.) | | Putnam Investors Fund (cont.) | | | C | | Merrill Lynch | | | | Mutual Fund Omnibus Processing | | For the Sole Benefit of its Customers | | | Attn: Mutual Fund Ops Manager | | Attn Fund Administration | | | | | 4800 Deer Lake Drive, E FL 3 | | | | | Jacksonville, FL 32246-6484 | 114,956 | 5.68% |
| |
| C | | UBS WM USA | | | | | Omni Account M/F | | | | | Atn: Department Manager | | | | | 1000 Harbor Blvd | | | | | Weehawken, NJ 07086-6761 | 112,977 | 5/59% |
| |
| M* | | CKS Packaging Inc. 401K Plan | 178,472 | 14.41% |
| |
| R | | ING National Trust Agent | | | | | 1 Orange Way | | | | | Windsor, CT 06095-4773 | 40,767 | 24.61% |
| |
| R | | Hartford Life Insurance Co. | | | | | DC III Separate Acct R | | | | | Attn UIT Operations | | | | | 1 Griffin Rd N | | | | | Windsor, CT 06095-1512 | 27,999 | 16.90% |
| |
| R | | MG Trust Company | | | | | Robert Sorrentino, DMD 401(K) P/S P | | | | 700 17th St. Ste 300 | | | | | Denver, CO 80202-3531 | 10,782 | 6.51% |
| |
| R | | Frontier Trust Company | | | | | D. Burke Mechanical Corp 401k | | | | | PO Box 10758 | | | | | Fargo, ND 58106-0758 | 9,423 | 5.69% |
| |
| R5 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 724 | 100.00% |
| |
| R6 | | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 749,386 | 99.90% |
| |
| Y | | Raymond James Omnibus for Mutual Funds | | | | House Acct Firm 92500015 | | | | | Attn: Courtney Waller | | | | | 880 Carillon Pkwy | | | | | St. Petersburgh, Fl 33716-1100 | 1,038,284 | 37.25% |
| |
| Putnam Low Volatility Equity Fund | | Putnam Low Volatility Equity Fund | | | A | | Putnam Investment Holdings, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 296,000 | 75.08% |
| |
| A | | Pershing, LLC | | | | 510 Marquette Ave S | | | 1 Pershing Plaza | | | | Minneapolis, MN 55402-1110 | 66,184.324 | 17.28% | Jersey City, NJ 07399-0001 | 61,170 | 15.52% |
| B | Pershing LLC | | | RBD Capital Markets, LLC | | | | 1 Pershing Plaza | | | 510 Marquette Ave S | | | | Jersey City, NJ 07399-0001 | 41,309.616 | 10.79% | Minneapolis, MN 55402-1110 | 3,805 | 36.58% |
| B | MLPF&S for the Sole Benefit | | | Pershing, LLC | | | | of its Customers | | | 1 Pershing Plaza | | | | 4800 Deer Lake Dr. E FL 3 | | | Jersey City, NJ 07399-0001 | 2,157 | 20.74% | | Jacksonville, FL 32246-6484 | 32,520.179 | 8.49% |
| B | | Putnam Investment Holdings, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,000 | 9.61% |
| B | National Financial Services, LLC | | | Anthony J. Sciuto & Marguerite A. Sciuto | | | for the Exclusive Benefit of Our Customers | | 234 Summer St. | �� | | | 499 Washington Blvd. | | | Haverhill, MA 01830-6318 | 966 | 9.29% | | Attn: Mutual Funds Dept 4th Fl | | |
| | Jersey City, NJ 07310-2010 | 23,695.017 | 6.19% | |
| | C | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | B | | LPL Financial | | | | 4800 Deer Lake Dr. E FL 3 | | | 9785 Towne Centre Dr. | | | | Jacksonville, FL 32246-6484 | 946,373.843 | 25.08% | San Diego, CA 92121-1968 | 939 | 9.02% |
| C | National Financial Services, LLC | | | Pershing, LLC | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 562,297.053 | 14.90% | |
| | C | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 349,374.179 | 9.26% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 285,148.865 | 7.56% | |
| | M | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 112,432.204 | 30.97% | |
| | M | SEI Private Trust Company | | | | | For the Benefit of Mellon Bank ID 225 | | | | 1 Freedom Valley Dr. | | | 1 Pershing Plaza | | | | Oaks, PA 19456-9989 | 79,742.765 | 21.97% | Jersey City, NJ 07399-0001 | 40,068 | 90.39% |
| M | Pershing LLC | | | Putnam Investment Holdings, LLC | | | | 1 Pershing Plaza | | | One Post Office Square | | | | Jersey City, NJ 07399-0001 | 55,332.307 | 15.24% | Boston, MA 02109 | 1,000 | 50.64% |
| M | MLPF&S for the Sole Benefit | | | Kathie A. Rhorer & Karen Hattabaugh | | | of its Customers | | | PO Box 1332 | | | | 4800 Deer Lake Dr. E FL 3 | | | Bedford, IN 47421-1332 | 975 | 49.36% | | Jacksonville, FL 32246-6484 | 32,052.241 | 8.83% |
|
| | Y | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 1,304,422.368 | 50.24% | |
| | Y | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 427,495.621 | 16.47% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 166,882.455 | 6.43% | |
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 145,595.866 | 5.61% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Y | | MCWOOD & CO | | | | | PO Box 29522 | | | Y | Pershing LLC | | | | | 1 Pershing Plaza | | | Raleigh, NC | | | | Jersey City, NJ 07399-0001 | 134,770.869 | 5.19% | 27626-0522 | 1,020,162 | 43.31% |
| Y | Charles Schwab & Co. Inc | | | Wells Fargo Bank NA FBO | | | | Clearing Account for the | | | SGHS Operating Acct | | | | Exclusive Benefit of Their Customers | | PO Box 1533 | | | | 101 Montgomery St. | | | Minneapolis, MN 55480-1533 | 876,524 | 37.21% | | San Francisco, CA 94104-4151 | 131,486.415 | 5.06% |
| Y | | SEI PRIVATE TRCO | | |
|
| C/O State Street Bank | | | Putnam Michigan Tax Exempt Income Fund | | | | | 1 Freedom Valley Dr. | | | | | Oaks, PA 19456-9989 | 348,524 | 14.80% |
| |
| Putnam Massachusetts Tax Exempt Income Fund | | Putnam Massachusetts Tax Exempt Income Fund | | A | Edward D Jones & Co | | | National Financial Services, LLC | | | | | for the Exclusive Benefit of Our Customers | | | For the Benefit of Customers | | | 499 Washington Blvd. | | | | 12555 Manchester Rd. | | | Attn: Mutual Funds Dept 4th Fl | | | | Saint Louis, MO 63131-3729 | 1,035,998.306 | 13.53% | Jersey City, NJ 07310-2010 | 4,070,656.946 | 13.79% |
| A | Raymond James & Assoc Inc | | | UBS Wealth Management USA | | | | Attn: Courtney Waller | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd. | | | | | Weehawken, NJ 07086-6761 | 2,598,544.322 | 8.80% |
| |
| A | | MLPF&S for the Sole Benefit of its Customers | | | 880 Carillon Pkwy | | | 4800 Deer Lake Dr. E FL 3 | | | | St. Petersburg, FL 33716-1100 | 683,979.975 | 8.93% | Jacksonville, FL 32246-6484 | 2,547,210.620 | 8.63% |
| A | Pershing LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 670,162.875 | 8.75% | Jersey City, NJ 07399-0001 | 2,322,115.630 | 7.87% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 585,426.840 | 7.65% | Saint Louis, MO 63103-2523 | 1,844,035.347 | 6.25% |
| B | MLPF&S for the Sole Benefit | | | | A | | Morgan Stanley Smith Barney | | | | of its Customers | | | Harborside Financial Center | | | | 4800 Deer Lake Dr. E FL 3 | | | Plaza 2, 3rd Floor | | | | Jacksonville, FL 32246-6484 | 62,350.143 | 35.45% | Jersey City, NJ 07311 | 1,668,139.292 | 5.65% |
| B | Wells Fargo Advisors | | | RBC Capital Markets, LLC | | | | Special Custody Acct for the | | | Mutual Fund Omnibus Processing | | | Exclusive Benefit of Customer | | | Attn: Mutual Fund Ops Manager | | | 2801 Market St. | | | 510 Marquette Ave S | | | | Saint Louis, MO 63103-2523 | 37,070.070 | 21.08% | Minneapolis, MN 55402-1110 | 66,184.324 | 17.28% |
| B | Oppenheimer & Co Inc. | | | Pershing LLC | | | | FBO Harry Bush and Isabele Bush Co-Ttees | | 1 Pershing Plaza | | | | Bush Family Rev Trust | | | Jersey City, NJ 07399-0001 | 41,309.616 | 10.79% | | 628 6th St. | | |
| | Wyandotte, MI 48192-2636 | 9,636.089 | 5.48% | |
| | C | Pershing LLC | | | | B | | MLPF&S for the Sole Benefit | | | | 1 Pershing Plaza | | | of its Customers | | | | Jersey City, NJ 07399-0001 | 55,740.808 | 27.28% | 4800 Deer Lake Dr. E FL 3 | | |
|
| Jacksonville, FL 32246-6484 | 32,520.179 | 8.49% | C | Raymond James & Assoc Inc | | | |
| |
| B | | National Financial Services, LLC | | | | | for the Exclusive Benefit of Our Customers | | | Attn: Courtney Waller | | | 499 Washington Blvd. | | | | 880 Carillon Pkwy | | | Attn: Mutual Funds Dept 4th Fl | | | | St. Petersburg, FL 33716-1100 | 28,773.912 | 14.08% | Jersey City, NJ 07310-2010 | 23,695.017 | 6.19% |
| C | Morgan Stanley Smith Barney | | | MLPF&S for the Sole Benefit | | | | Harborside Financial Center | | | of its Customers | | | | Plaza 2, 3rd Floor | | | 4800 Deer Lake Dr. E FL 3 | | | | Jersey City, NJ 07311 | 19,713.197 | 9.65% | Jacksonville, FL 32246-6484 | 946,373.843 | 25.08% |
| C | UBS Wealth Management USA | | | National Financial Services, LLC | | | | 0O0 11011 6100 | | | for the Exclusive Benefit of | | | | Omni Account M/F | | | Our Customers | | | | Attn: Department Manager | | | 499 Washington Blvd. | | | | 1000 Harbor Blvd. | | | Attn: Mutual Funds Dept 4th Fl | | | | Weehawken, NJ 07086-6761 | 15,419.586 | 7.55% | Jersey City, NJ 07310-2010 | 562,297.053 | 14.90% |
| C | MLPF&S for the Sole Benefit of | | | Pershing LLC | | | | its Customers | | | 1 Pershing Plaza | | | | 4800 Deer Lake Dr. E FL 3 | | | Jersey City, NJ 07399-0001 | 349,374.179 | 9.26% | | Jacksonville, FL 32246-6484 | 13,483.684 | 6.60% |
|
| | M | Edward D Jones & Co | | | | | For the Benefit of Customers | | | | | 12555 Manchester Rd. | | | | | Saint Louis, MO 63131-3729 | 8,900.081 | 39.57% | |
| | M | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 7,914.347 | 35.18% | |
| | M | Betty Pobuda & Robert E Pobuda | | | | JTWROS | | | | | 29642 Heritage Ln | | | | | Paw Paw, MI 49079-8413 | 2,108.774 | 9.37% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Massachusetts Tax Exempt Income Fund (cont.) | | Putnam Massachusetts Tax Exempt Income Fund (cont.) | C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | Putnam Michigan Tax Exempt Income Fund (cont.) | | | M | Putnam, LLC | | | | | One Post Office Square | | | Plaza 2, 3rd Floor | | | | Boston, MA 02109 | 1,832.408 | 8.15% | Jersey City, NJ 07311 | 285,148.865 | 7.56% |
| M | Cetera Investment Svcs. | | | National Financial Services, LLC | | | | (FBO)Raymond Brown 18830914 | | for the Exclusive Benefit | | | | 400 first Street So | | | of Our Customers | | | | Suite 300 | | | 499 Washington Blvd. | | | | P.O. Box 283 | | | Attn: Mutual Funds Dept 4th Fl | | | | St. Cloud, MN 56302-0283 | 1,543.842 | 6.86% | Jersey City, NJ 07310-2010 | 112,432.204 | 30.97% |
| M | | SEI Private Trust Company | | | | | For the Benefit of Mellon Bank ID 225 | | | | 1 Freedom Valley Dr. | | | | | Oaks, PA 19456-9989 | 79,742.765 | 21.97% |
| |
| M | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 55,332.307 | 15.24% |
| |
| M | | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 32,052.241 | 8.83% |
| |
| Y | Pershing LLC | | | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 1,304,422.368 | 50.24% |
| |
| Y | | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | 1 Pershing Plaza | | | 4800 Deer Lake Dr. E FL 3 | | | | Jersey City, NJ 07399-0001 | 63,237.536 | 34.17% | Jacksonville, FL 32246-6484 | 427,495.621 | 16.47% |
| Y | MLPF&S for the Sole Benefit of | | | Morgan Stanley Smith Barney | | | | its Customers | | | Harborside Financial Center | | | | 4800 Deer Lake Dr. E FL 3 | | | Plaza 2, 3rd Floor | | | | Jacksonville, FL 32246-6484 | 34,152.689 | 18.45% | Jersey City, NJ 07311 | 166,882.455 | 6.43% |
| Y | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 31,362.117 | 16.94% | Saint Louis, MO 63103-2523 | 145,595.866 | 5.61% |
| Y | Morgan Stanley Smith Barney | | | Pershing LLC | | | | Harborside Financial Center | | | 1 Pershing Plaza | | | | Plaza 2, 3rd Floor | | | Jersey City, NJ 07399-0001 | 134,770.869 | 5.19% | | Jersey City, NJ 07311 | 23,037.394 | 12.45% |
|
| | Y | LPL Financial | | | Charles Schwab & Co. Inc | | | | Omnibus Customer Account | | | Clearing Account for the | | | | Attn: Lindsay O’Toole | | | Exclusive Benefit of Their Customers | | | 9785 Towne Centre Dr. | | | 101 Montgomery St. | | | | San Diego, CA 92121-1968 | 16,688.344 | 9.02% | San Francisco, CA 94104-4151 | 131,486.415 | 5.06% |
| Putnam Minnesota Tax Exempt Income Fund | | | Putnam Michigan Tax Exempt Income Fund | | Putnam Michigan Tax Exempt Income Fund | | A | Edward D Jones & Co | | | Edward D Jones & Co | | | | For the Benefit of Customers | | | For the Benefit of Customers | | | | 12555 Manchester Rd. | | | 12555 Manchester Rd. | | | | Saint Louis, MO 63131-3729 | 1,361,325.681 | 13.92% | Saint Louis, MO 63131-3729 | 1,035,998.306 | 13.53% |
| A | Pershing LLC | | | Raymond James & Assoc Inc | | | | 1 Pershing Plaza | | | Attn: Courtney Waller | | | | Jersey City, NJ 07399-0001 | 1,000,246.242 | 10.23% | 880 Carillon Pkwy | | |
|
| St. Petersburg, FL 33716-1100 | 683,979.975 | 8.93% | B | Charles Schwab & Co. Inc | | | |
| |
| A | | Pershing LLC | | | | Clearing Account for the Exclusive | | 1 Pershing Plaza | | | | Benefit of Their Customers | | | Jersey City, NJ 07399-0001 | 670,162.875 | 8.75% | | 101 Montgomery St. | | |
| | San Francisco, CA 94104-4151 | 46,147.642 | 30.17% | |
| | B | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 36,134.413 | 23.62% | |
| | B | Wells Fargo Advisors | | | | A | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 9,647.715 | 6.31% | Saint Louis, MO 63103-2523 | 585,426.840 | 7.65% |
| B | Edward D Jones & Co | | | MLPF&S for the Sole Benefit | | | | For the Benefit of Customers | | | of its Customers | | | | 12555 Manchester Rd. | | | 4800 Deer Lake Dr. E FL 3 | | | | Saint Louis, MO 63131-3729 | 9,381.819 | 6.13% | Jacksonville, FL 32246-6484 | 62,350.143 | 35.45% |
| C | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 509,500.204 | 27.22% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 252,045.896 | 13.47% | |
| | M | Stifel Nicolaus & Co Inc | | | | | Richard E & Charlotte A Wuttke | | | | | Charlotte A Wuttke, Bruce Wuttke | | | | 501 North Broadway | | | | | St. Louis, MO 63102-2188 | 10,528.849 | 17.35% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Ann P Gustin & John M Gustin, Ttees | | | B | | Wells Fargo Advisors | | | | Gustin Revocable Living Trust | | | Special Custody Acct for the | | | | U/D/T 03/18/2003 | | | Exclusive Benefit of Customer | | | | 3061 Woodlark Ln. | | | 2801 Market St. | | | | Eagan, MN 55121-1916 | 7,716.599 | 12.71% | Saint Louis, MO 63103-2523 | 37,070.070 | 21.08% |
| M | Scott K Biesanz Ttee | | | | B | | Oppenheimer & Co Inc. | | | | Scott K Biesanz Rev Trust | | | FBO Harry Bush and Isabele Bush Co-Ttees | | | U/A Dtd 01/12/2005 | | | Bush Family Rev Trust | | | | 724 Washington St. | | | 628 6th St. | | | | Winona, MN 55987-3350 | 5,756.232 | 9.48% | Wyandotte, MI 48192-2636 | 9,636.089 | 5.48% |
| M | National Financial Services, LLC | | | C | | Pershing LLC | | | | for the Exclusive Benefit of | | | 1 Pershing Plaza | | | | Our Customers | | | Jersey City, NJ 07399-0001 | 55,740.808 | 27.28% |
| |
| C | | Raymond James & Assoc Inc | | | | | Attn: Courtney Waller | | | | | 880 Carillon Pkwy | | | | | St. Petersburg, FL 33716-1100 | 28,773.912 | 14.08% |
| |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 19,713.197 | 9.65% |
| |
| C | | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd. | | | | | Weehawken, NJ 07086-6761 | 15,419.586 | 7.55% |
| |
| C | | MLPF&S for the Sole Benefit of | | | | 499 Washington Blvd. | | | its Customers | | | | Attn: Mutual Funds Dept 4th Fl | | 4800 Deer Lake Dr. E FL 3 | | | | Jersey City, NJ 07310-2010 | 5,740.700 | 9.46% | Jacksonville, FL 32246-6484 | 13,483.684 | 6.60% |
| M | Morgan Stanley Smith Barney | | | Edward D Jones & Co | | | | Harborside Financial Center | | | For the Benefit of Customers | | | | Plaza 2, 3rd Floor | | | 12555 Manchester Rd. | | | | Jersey City, NJ 07311 | 5,144.033 | 8.48% | Saint Louis, MO 63131-3729 | 8,900.081 | 39.57% |
| M | LPL Financial | | | Wells Fargo Advisors | | | | Omnibus Customer Account | | | Special Custody Acct for the | | | | Attn: Lindsay O’Toole | | | Exclusive Benefit of Customer | | | | 9785 Towne Centre Dr. | | | 2801 Market St. | | | | San Diego, CA 92121-1968 | 4,740.401 | 7.81% | Saint Louis, MO 63103-2523 | 7,914.347 | 35.18% |
| M | David P Merten & Kay M Merten JTWROS | | Betty Pobuda & Robert E Pobuda | | | | 1364 Windsor Ln | | | JTWROS | | | | Grayslake, IL 60030-3759 | 4,022.657 | 6.63% | 29642 Heritage Ln | | |
|
| Paw Paw, MI 49079-8413 | 2,108.774 | 9.37% |
| |
| M | Edward D Jones & Co | | | Putnam, LLC | | | | For the Benefit of Customers | | | One Post Office Square | | | | 12555 Manchester Rd. | | | Boston, MA 02109 | 1,832.408 | 8.15% | | Saint Louis, MO 63131-3729 | 3,666.060 | 6.04% |
| M | | Cetera Investment Svcs. | | |
|
| (FBO)Raymond Brown 18830914 | | | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | 400 first Street So | | | | Exclusive Benefit of Customer | | | Suite 300 | | | | 2801 Market St. | | | P.O. Box 283 | | | | Saint Louis, MO 63103-2523 | 62,875.586 | 35.75% | St. Cloud, MN 56302-0283 | 1,543.842 | 6.86% |
| Y | Pershing LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 57,976.179 | 32.96% | Jersey City, NJ 07399-0001 | 63,237.536 | 34.17% |
| Y | MLPF&S for the Sole Benefit of | | MLPF&S for the Sole Benefit of | | | | its Customers | | | its Customers | | | | 4800 Deer Lake Dr. E FL 3 | | | 4800 Deer Lake Dr. E FL 3 | | | | Jacksonville, FL 32246-6484 | 29,481.753 | 16.76% | Jacksonville, FL 32246-6484 | 34,152.689 | 18.45% |
| Y | LPL Financial | | | Wells Fargo Advisors | | | | Omnibus Customer Account | | | Special Custody Acct for the | | | | Attn: Lindsay O’Toole | | | Exclusive Benefit of Customer | | | | 9785 Towne Centre Dr. | | | 2801 Market St. | | | | San Diego, CA 92121-1968 | 14,799.501 | 8.41% | Saint Louis, MO 63103-2523 | 31,362.117 | 16.94% |
| Putnam Money Market Fund | | | | A [ ] | Great-West Trust | | | | | Company, LLC FBO | 75,229,521.664 | 5.75% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 2,024,548.465 | 14.49% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 1,904,618.312 | 7.29% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,756,196.650 | 6.72% | |
| | C | Charles Schwab & Co. Inc | | | | Y | | Morgan Stanley Smith Barney | | | | Clearing Account for the | | | Harborside Financial Center | | | | Exclusive Benefit of Their Customers | | Plaza 2, 3rd Floor | | | | 101 Montgomery St. | | | Jersey City, NJ 07311 | 23,037.394 | 12.45% | | San Francisco, CA 94104-4151 1,704,813.980 | 6.52% |
|
| | C | National Financial Services, LLC | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07310-2010 | 1,601,957.400 | 6.13% | |
| |
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Money Market Fund (cont.) | | | M* | CKS Packaging Inc. 401k Plan | 3,563,914.452 | 12.18% |
| R | Frontier TRCO FBO | | | | End Clinic Inc | | | | PO Box 10758 | | | | Fargo, ND 58106 | 3,563,914.452 | 12.18% |
| T [ ] | Great-West Trust Company, LLC — Employee | | | Benefits Clients 401(k) | 11,114,347.960 | 52.90% |
| T [ ] | Great-West Trust Company, LLC — Great West | | | IRA Advantage | 2,966,070.193 | 14.12% |
| Putnam Money Market Liquidity Fund | | | P | Putnam Stable Value Intermediate Domestic | | | Investment Grade Trust | [ ] | 19.57% |
| P | Putnam Dynamic Asset | | | | Allocation-Growth Fund | [ ] | 8.69% |
| P | Putnam Absolute Return Fund | [ ] | 8.52% |
| P | Putnam Stable Value Intermediate Domestic | | | Investment Grade Trust | [ ] | 8.17% |
| P | Putnam Capital Spectrum Fund | [ ] | 7.70% |
| P | Putnam Total Return Trust | [ ] | 7.50% |
| P | Putnam Diversified Income Trust | [ ] | 7.36% |
| P | Putnam Total Return Trust | [ ] | 6.49% |
| P | Putnam Dynamic Asset | | | | Allocation-Balanced Fund | [ ] | 6.32% |
| P | Putnam U.S. Government Income Trust | [ ] | 19.57% |
| Putnam Multi-Cap Core Fund | | | A | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 175,712.493 | 23.70% |
| A | Putnam, LLC | | | | One Post Office Square | | | | Boston, MA 02109 | 122,545.423 | 16.53% |
| A | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 63,073.636 | 8.51% |
| A | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716-1100 | 46,968.118 | 6.33% |
| A | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 42,113.321 | 5.68% |
| B | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 5,412.625 | 17.18% |
| B | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716-1100 | 3,597.809 | 11.42% |
| B | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 2,055.501 | 6.53% |
| B | Stifel, Nicolaus & Co. Inc. | | | | Robert Miller IRA | | | | 501 N Broadway FL 8 | | | | St. Louis MO 63102-2188 | 1,844.130 | 5.85% |
| C | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716-1100 | 22,610.868 | 21.91% |
| C | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 18,257.636 | 17.69% |
| C | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 13,088.015 | 12.68% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Michigan Tax Exempt Income Fund (cont.) | | Y | LPL Financial | | | | Omnibus Customer Account | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 16,688.344 | 9.02% |
| Putnam Minnesota Tax Exempt Income Fund | | A | Edward D Jones & Co | | | | For the Benefit of Customers | | | | 12555 Manchester Rd. | | | | Saint Louis, MO 63131-3729 | 1,361,325.681 | 13.92% |
| A | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 1,000,246.242 | 10.23% |
| B | Charles Schwab & Co. Inc | | | | Clearing Account for the Exclusive | | | Benefit of Their Customers | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 46,147.642 | 30.17% |
| B | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 36,134.413 | 23.62% |
| B | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 9,647.715 | 6.31% |
| B | Edward D Jones & Co | | | | For the Benefit of Customers | | | | 12555 Manchester Rd. | | | | Saint Louis, MO 63131-3729 | 9,381.819 | 6.13% |
| C | Pershing LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 509,500.204 | 27.22% |
| C | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 252,045.896 | 13.47% |
| M | Stifel Nicolaus & Co Inc | | | | Richard E & Charlotte A Wuttke | | | | Charlotte A Wuttke, Bruce Wuttke | | | 501 North Broadway | | | | St. Louis, MO 63102-2188 | 10,528.849 | 17.35% |
| M | Ann P Gustin & John M Gustin, Ttees | | | Gustin Revocable Living Trust | | | | U/D/T 03/18/2003 | | | | 3061 Woodlark Ln. | | | | Eagan, MN 55121-1916 | 7,716.599 | 12.71% |
| M | Scott K Biesanz Ttee | | | | Scott K Biesanz Rev Trust | | | | U/A Dtd 01/12/2005 | | | | 724 Washington St. | | | | Winona, MN 55987-3350 | 5,756.232 | 9.48% |
| M | National Financial Services, LLC | | | | for the Exclusive Benefit of | | | | Our Customers | | | | 499 Washington Blvd. | | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07310-2010 | 5,740.700 | 9.46% |
| M | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 5,144.033 | 8.48% |
| M | LPL Financial | | | | Omnibus Customer Account | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 4,740.401 | 7.81% |
| M | David P Merten & Kay M Merten JTWROS | | | 1364 Windsor Ln | | | | Grayslake, IL 60030-3759 | 4,022.657 | 6.63% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | C | Ronald Hoffman | | | | | 7643 Circulo Sequoia | | | | | Carlsbad CA 92009-8472 | 6,631.300 | 6.43% | |
| | C | Goldstein & Bachman PA | | | | | A/C Howard A. Bachman | | | | | 9 Walnut Ln. | | | | | Manalapan, NJ 07726-4655 | 5,901.370 | 5.72% | |
| | M | Michael E. Griest | | | Edward D Jones & Co | | | | 418 Depew St. | | | For the Benefit of Customers | | | | Peekskill, NY 10566-4606 | 1,417.434 | 26.38% | |
| | M | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,125.611 | 20.95% | |
| | M | Douglas Holland | | | | | 2470 Lowell Mill Road | | | | | Kenley, NC 27542-8354 | 862.129 | 16.05% | |
| | M | Bethany Jean Zare | | | | | 1190 E. Saint James Street | | | | | San Jose, CA 95116-1126 | 591.466 | 11.01% | |
| | M | Sara Mathews | | | | | 10882 Wengate Ln. | | | | | Blue Ash, OH 45241-2937 | 426.808 | 7.94% | |
| | M | Rachel Mathews | | | | | 770 Sanctuary Cove Dr. | | | | | West Palm Beach, FL 33410-4521 339.996 | 6.33% | |
| | R | Putnam, LLC | | | | | One Post Office Square | | | 12555 Manchester Rd. | | | | Boston, MA 02109 | 1,128.321 | 100.00% | Saint Louis, MO 63131-3729 | 3,666.060 | 6.04% |
| Y | Pershing LLC | | | Wells Fargo Advisors | | | | P.O. Box 2052 | | | Special Custody Acct for the | | | | Jersey City, NJ 07303-2052 | 129,350.785 | 41.72% | Exclusive Benefit of Customer | | |
|
| 2801 Market St. | | | Y [ ] | Great-West Trust Company, LLC 60,057.843 | 19.37% | | | | Saint Louis, MO 63103-2523 | 62,875.586 | 35.75% |
| |
| Y | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 57,976.179 | 32.96% |
| Y | Raymond James | | | MLPF&S for the Sole Benefit of | | | | Attn: Courtney Waller | | | its Customers | | | | 880 Carillon Parkway | | | 4800 Deer Lake Dr. E FL 3 | | | | St. Petersburg, FL 33716-1100 | 41,762.702 | 13.47% | Jacksonville, FL 32246-6484 | 29,481.753 | 16.76% |
| Y | Gerard & Gail Sullivan | | | LPL Financial | | | | 22 Whitehall CIR | | | Omnibus Customer Account | | | | Beverly MA 01915-2437 | 29,188.922 | 9.41% | Attn: Lindsay O’Toole | | |
|
| 9785 Towne Centre Dr. | | | Putnam Multi-Cap Growth Fund | | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | San Diego, CA 92121-1968 | 14,799.501 | 8.41% | | Jersey City, NJ 07399-0001 | 3,157,928.575 | 6.70% |
|
| | A | Wells Fargo Advisors | | | | Putnam Money Market Fund | | Putnam Money Market Fund | | | A** | | Great-West Trust | | | | 2801 Market St. | | | Company, LLC FBO | 75,229,521.664 | 5.75% | | St. Louis, MO 63103-2523 | 2,828,001.858 | 6.00% |
|
| | A | National Financial Services, LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310-2010 | 2,502,911.532 | 5.31% | |
| | C | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 68,496.012 | 7.67% | |
| | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | B | | Wells Fargo Advisors | | | | Plaza 2, 3rd Floor | | | 2801 Market Street | | | | Jersey City, NJ 07311 | 60,964.956 | 6.83% | Saint Louis, MO 63103 | 2,024,548.465 | 14.49% |
| C | Pershing, LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market Street | | | | Jersey City, NJ 07399-0001 | 53,550.841 | 6.00% | Saint Louis, MO 63103 | 1,904,618.312 | 7.29% |
| C | National Financial Services, LLC | | | Pershing, LLC | | | | 499 Washington Blvd | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310-2010 | 48,569.056 | 5.44% | Jersey City, NJ 07399-0001 | 1,756,196.650 | 6.72% |
| C | MLPF&S | | | Charles Schwab & Co. Inc | | | | 4800 Deer Lake Dr. E. FL 3 | | | Clearing Account for the | | | | Jacksonville, FL 32246-6484 | 45,788.696 | 5.13% | Exclusive Benefit of Their Customers | |
|
| 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 1,704,813.980 | 6.52% |
| |
| C | | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 1,601,957.400 | 6.13% |
| |
| M* | CKS Packaging, Inc. 401k Plan | 71,929.672 | 8.78% | CKS Packaging Inc. 401k Plan | 3,563,914.452 | 12.18% |
| R | Capital Bank and Trust Co TTEE | | | Frontier TRCO FBO | | | | Mossberg Corp Employee Savings Plan | | End Clinic Inc | | | | 8515 E. Orchard Rd, #2T2 | | | PO Box 10758 | | | | Greenwood Village, | | | Fargo, ND 58106 | 3,563,914.452 | 12.18% | | CO 80111-5002 | 18,634.957 | 15.56% |
| T** | | Great-West Trust Company, LLC — Employee | |
|
| Benefits Clients 401(k) | 11,114,347.960 | 52.90% |
| |
| T** | | Great-West Trust Company, LLC — Great West | | | | IRA Advantage | 2,966,070.193 | 14.12% |
| |
| Putnam Money Market Liquidity Fund | | Putnam Money Market Liquidity Fund | | | P | | Putnam Stable Value | | | | | Intermediate Domestic | | | | | Investment Grade Trust | 433,549,144.000 | 19.57% |
| |
| P | | Putnam Dynamic Asset | | | | | Allocation Growth Fund | 192,561,737.000 | 8.69% |
| |
| P | | Putnam Absolute | | | | | Return Fund | 188,743,108.080 | 8.52% |
| |
| P | | Putnam Stable Value | | | | | Intermediate Domestic | | | | | Investment Grade Trust | 181,072,521.000 | 8.17% |
| |
| P | | Putnam Capital | | | | | Spectrum Fund | 170,616,842.000 | 7.70% |
| |
| P | | Putnam Diversified | | | | | Income Trust | 166,284,163.000 | 7.50% |
| |
| P | | Putnam Total Return Trust | 163,094,334.000 | 7.36% |
| |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Multi-Cap Growth Fund (cont.) | | R | Capital Bank and Trust Co. | | | | Alcan Rolled Products / Ravenswood LLC | | | Salaried DCP 401k | | | | c/o Plan Premier Fascorp | | | | 8515 E. Orchard Rd, #2T2 | | | | Greenwood Village, CO 80111-5002 14,222.659 | 11.88% |
| R | Capital Bank and Trust Co. | | | | HK Research Corp PSP | | | | 8515 E. Orchard Rd, #2T2 | | | | Greenwood Village, CO 80111-5002 13,347.920 | 11.15% |
| R | Reliance Trust Company | | | | FBO — American Dawn | | | | PO Box 48529 | | | | Atlanta, GA 30362-1529 | 9,382.806 | 7.84% |
| R | Hartford Life Insurance Co. | | | | 1 Griffin Rd N | | | | Windsor, CT 06095-1512 | 7,707.163 | 6.44% |
| R | ING National Trust | | | | FBO ING | | | | 1 Orange Way | | | | Windsor, CT 06095-4773 | 6,773.180 | 5.66% |
| Y [ ] | Great-West Trust Company, LLC — | | | The Putnam Retirement Plan | 576,808.783 | 27.70% |
| Y [ ] | Great-West Trust Company, LLC — | | | Recordkeeping for various | | | | benefit plans | 559,605.721 | 26.87% |
| Y* | Marsh & McLennan Supplemental | | | Retirement Plan | 451,633.305 | 21.69% |
| Putnam Multi-Cap Value Fund | | | A | Pershing, LLC | | | | 1 Pershing Plz | | | | Jersey City, NJ 07399-0001 | 1,264,626.059 | 7.53% |
| A | Edward Jones & Co for the benefit of customers | | | 12555 Manchester Rd | | | | Saint Louis, MO 63131-3729 | 1,092,195.203 | 6.50% |
| A | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St | | | | Saint Louis, MO 63103-2523 | 970,020.579 | 5.78% |
| B | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St | | | | Saint Louis, MO 63103-2523 | 31,561.937 | 5.40% |
| C | Wells Fargo Advisors | | | | Special Custody Acct for the | | | | Exclusive Benefit of Customer | | | | 2801 Market St | | | | Saint Louis, MO 63103-2523 | 173,605.408 | 15.93% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd floor | 90,743.829 | 8.33% |
| C | Pershing, LLC | | | | 1 Pershing Plz | | | | Jersey City, NJ 07399-0001 | 57,839.874 | 5.31% |
| M* | PECO Employees 401k plan | 21,608.867 | 9.25% |
| R | Hartford Life Insurance Co | | | | Attn Unit Operations | | | | 1 Griffin Rd | | | | Windsor CT 06095-1512 | 189,857.143 | 31.75% |
| Y [ ] | Great-West Trust Company, LLC — | | | The Putnam Retirement Plan | 540,347.542 | 49.66% |
| Y | Wells Fargo Advisors | | | | Special Custody Acct for the Exclusive Benefit of Customer | | 2801 Market St | | | | Saint Louis, MO 63103-2523 | 80,306.691 | 7.38% |
| Y | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 65,551.359 | 6.02% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Money Market Liquidity Fund (cont.) | | P | Putnam Dynamic Asset | | | | Allocation Balanced Fund | 143,757,002.000 | 6.49% |
| P | Putnam U.S. Government | | | | Income Trust | 140,001,624.000 | 6.32% |
| Putnam Multi-Cap Core Fund | | | A | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 175,712.493 | 23.70% |
| A | Putnam, LLC | | | | One Post Office Square | | | | Boston, MA 02109 | 122,545.423 | 16.53% |
| A | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 63,073.636 | 8.51% |
| A | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716-1100 | 46,968.118 | 6.33% |
| A | National Financial Services, LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310-2010 | 42,113.321 | 5.68% |
| B | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 5,412.625 | 17.18% |
| B | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716-1100 | 3,597.809 | 11.42% |
| B | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 2,055.501 | 6.53% |
| B | Stifel, Nicolaus & Co. Inc. | | | | Robert Miller IRA | | | | 501 N Broadway FL 8 | | | | St. Louis MO 63102-2188 | 1,844.130 | 5.85% |
| C | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716-1100 | 22,610.868 | 21.91% |
| C | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 18,257.636 | 17.69% |
| C | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Center Drive | | | | San Diego, CA 92121 | 13,088.015 | 12.68% |
| C | Ronald Hoffman | | | | 7643 Circulo Sequoia | | | | Carlsbad CA 92009-8472 | 6,631.300 | 6.43% |
| C | Goldstein & Bachman PA | | | | A/C Howard A. Bachman | | | | 9 Walnut Ln. | | | | Manalapan, NJ 07726-4655 | 5,901.370 | 5.72% |
| M | Michael E. Griest | | | | 418 Depew St. | | | | Peekskill, NY 10566-4606 | 1,417.434 | 26.38% |
| M | Putnam, LLC | | | | One Post Office Square | | | | Boston, MA 02109 | 1,125.611 | 20.95% |
| M | Douglas Holland | | | | 2470 Lowell Mill Road | | | | Kenley, NC 27542-8354 | 862.129 | 16.05% |
| M | Bethany Jean Zare | | | | 1190 E. Saint James Street | | | | San Jose, CA 95116-1126 | 591.466 | 11.01% |
| M | Sara Mathews | | | | 10882 Wengate Ln. | | | | Blue Ash, OH 45241-2937 | 426.808 | 7.94% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| M | | Rachel Mathews | | | | | 770 Sanctuary Cove Dr. | | | Putnam New Jersey Tax Exempt Income Fund | | | A | National Financial Services, LLC | | | | | | West Palm Beach, FL 33410-4521 | 339.996 | 6.33% |
| |
| R | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,128.321 | 100.00% |
| |
| Y | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 129,350.785 | 41.72% |
| |
| Y** | | Great-West Trust Company, LLC | 60,057.843 | 19.37% |
| |
| Y | | Raymond James | | | | for the Exclusive Benefit of | | | Attn: Courtney Waller | | | | Our Customers | | | 880 Carillon Parkway | | | | 499 Washington Blvd. | | | St. Petersburg, FL 33716-1100 | 41,762.702 | 13.47% | | Attn: Mutual Funds Dept 4th Fl | | |
| | Jersey City, NJ 07310-2010 | 3,252,215.820 | 16.42% | |
| | A | Wells Fargo Advisors | | | | Y | | Gerard & Gail Sullivan | | | | Special Custody Acct for the | | | 22 Whitehall CIR | | | | Exclusive Benefit of Customer | | | Beverly MA 01915-2437 | 29,188.922 | 9.41% | | 2801 Market St | | |
| | Saint Louis, MO 63103-2523 | 2,971,032.042 | 15.00% | |
| | Putnam Multi-Cap Growth Fund | | Putnam Multi-Cap Growth Fund | | | A | Morgan Stanley Smith Barney | | | Pershing, LLC | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 1,753,846.554 | 8.85% | |
| | A | MLPF&S for the Sole Benefit of | | | | | its Customers | | | | | 4800 Deer Lake Dr. E FL 3 | | | 1 Pershing Plaza | | | | Jacksonville, FL 32246-6484 | 1,512,545.066 | 7.64% | Jersey City, NJ 07399-0001 | 3,157,928.575 | 6.70% |
| A | Pershing LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | 2801 Market St. | | | | Jersey City, NJ 07399-0001 | 1,378,822.223 | 6.96% | St. Louis, MO 63103-2523 | 2,828,001.858 | 6.00% |
| A | Charles Schwab & Co. Inc | | | National Financial Services, LLC | | | | Clearing Account for the | | | 499 Washington Blvd | | | | Exclusive Benefit of | | | Jersey City, NJ 07310-2010 | 2,502,911.532 | 5.31% | | Their Customers | | |
| | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 1,080,115.605 | 5.45% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 326,930.915 | 52.83% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 76,263.195 | 12.32% | |
| | B | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 55,271.649 | 8.93% | |
| | B | MLPF&S for the Sole Benefit of | | | | | its Customers | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 45,152.198 | 7.30% | |
| | B | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | C | | Wells Fargo Advisors | | | | Attn: Mutual Funds Dept 4th Fl | | | 2801 Market St. | | | | Jersey City, NJ 07310-2010 | 326,930.915 | 52.83% | St. Louis, MO 63103-2523 | 68,496.012 | 7.67% |
| C | Wells Fargo Advisors | | | Morgan Stanley Smith Barney | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 940,412.559 | 33.38% | |
| | C | Charles Schwab & Co. Inc | | | | | Clearing Account for the Exclusive | | | | Benefit of Their Customers | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 390,281.552 | 13.85% | |
| | C | MLPF&S for the Sole Benefit of | | | | | its Customers | | | | | Attn: Fund Administration | | | Harborside Financial Center | | | | 4800 Deer Lake Dr. E FL 3 | | | Plaza 2, 3rd Floor | | | | Jacksonville, FL 32246-6484 | 311,069.610 | 11.04% | Jersey City, NJ 07311 | 60,964.956 | 6.83% |
| C | Pershing LLC | | | Pershing, LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 229,662.814 | 8.15% | Jersey City, NJ 07399-0001 | 53,550.841 | 6.00% |
| C | Raymond James & Assoc Inc | | | National Financial Services, LLC | | | | Attn: Courtney Waller | | | 499 Washington Blvd | | | | 880 Carillon Pkwy | | | Jersey City, NJ 07310-2010 | 48,569.056 | 5.44% | | St. Petersburg, FL 33716-1100 | 202,935.978 | 7.20% |
| C | | MLPF&S | | |
|
| 4800 Deer Lake Dr. E. FL 3 | | | | | Jacksonville, FL 32246-6484 | 45,788.696 | 5.13% |
| |
| M* | | CKS Packaging, Inc. 401k Plan | 71,929.672 | 8.78% |
| |
| R | | Capital Bank and Trust Co TTEE | | | | | Mossberg Corp Employee Savings Plan | | | | 8515 E. Orchard Rd, #2T2 | | | | | Greenwood Village, | | | | | CO 80111-5002 | 18,634.957 | 15.56% |
| |
| R | | Capital Bank and Trust Co. | | | | | Alcan Rolled Products/Ravenswood LLC | | | | Salaried DCP 401k | | | | | c/o Plan Premier Fascorp | | | | | 8515 E. Orchard Rd, #2T2 | | | | | Greenwood Village, CO 80111-5002 | 14,222.659 | 11.88% |
| |
| R | | Capital Bank and Trust Co. | | | | | HK Research Corp PSP | | | | | 8515 E. Orchard Rd, #2T2 | | | | | Greenwood Village, CO 80111-5002 | 13,347.920 | 11.15% |
| |
| R | | Reliance Trust Company | | | | | FBO — American Dawn | | | | | PO Box 48529 | | | | | Atlanta, GA 30362-1529 | 9,382.806 | 7.84% |
| |
| R | | Hartford Life Insurance Co. | | | | | 1 Griffin Rd N | | | | | Windsor, CT 06095-1512 | 7,707.163 | 6.44% |
| |
| R | | ING National Trust | | | | | FBO ING | | | | | 1 Orange Way | | | | | Windsor, CT 06095-4773 | 6,773.180 | 5.66% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Multi-Cap Growth Fund (cont.) | | Putnam Multi-Cap Growth Fund (cont.) | | Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 576,808.783 | 27.70% | Putnam New Jersey Tax Exempt Income Fund (cont.) | | C | National Financial Services, LLC | | | | for the Exclusive Benefit of | | |
| Y** | | Great-West Trust Company, LLC — | | | | Recordkeeping for various | | | | | benefit plans | 559,605.721 | 26.87% |
| |
| Y* | | Marsh & McLennan Supplemental | | | | Retirement Plan | 451,633.305 | 21.69% |
| |
| Putnam Multi-Cap Value Fund | | Putnam Multi-Cap Value Fund | | | A | | Pershing, LLC | | | | | 1 Pershing Plz | | | | | Jersey City, NJ 07399-0001 | 1,264,626.059 | 7.53% |
| |
| A | | Edward Jones & Co for the benefit of customers | | | | 12555 Manchester Rd | | | | | Saint Louis, MO 63131-3729 | 1,092,195.203 | 6.50% |
| |
| A | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St | | | | | Saint Louis, MO 63103-2523 | 970,020.579 | 5.78% |
| |
| B | | Wells Fargo Advisors | | | | Our Customers | | | Special Custody Acct for the | | | | 499 Washington Blvd. | | | Exclusive Benefit of Customer | | | | Attn: Mutual Funds Dept 4th Fl | | 2801 Market St | | | | Jersey City, NJ 07310-2010 | 184,757.092 | 6.56% | Saint Louis, MO 63103-2523 | 31,561.937 | 5.40% |
| C | Morgan Stanley Smith Barney | | | Wells Fargo Advisors | | | | Harborside Financial Center | | | Special Custody Acct for the | | | | Plaza 2, 3rd Floor | | | Exclusive Benefit of Customer | | | | Jersey City, NJ 07311 | 176,770.361 | 6.27% | 2801 Market St | | |
|
| Saint Louis, MO 63103-2523 | 173,605.408 | 15.93% | M | Wells Fargo Advisors | | | |
| |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd floor | 90,743.829 | 8.33% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plz | | | | | Jersey City, NJ 07399-0001 | 57,839.874 | 5.31% |
| |
| M* | | PECO Employees 401k plan | 21,608.867 | 9.25% |
| |
| R | | Hartford Life Insurance Co | | | | Special Custody Acct for the | | | Attn Unit Operations | | | | Exclusive Benefit of Customer | | | 1 Griffin Rd | | | | 2801 Market St. | | | Windsor CT 06095-1512 | 189,857.143 | 31.75% | | Saint Louis, MO 63103-2523 | 208,280.551 | 63.02% |
|
| | M | National Financial Services, LLC | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07310-2010 | 23,989.793 | 7.26% | |
| | M | Leonard Cavaliere & Joseph Cavaliere JTWROS | | | | 21 King George Rd. | | | | Y** | | Great-West Trust Company, LLC — | | | Warren, NJ 07059-7014 | 17,428.799 | 5.27% | The Putnam Retirement Plan | 540,347.542 | 49.66% |
| Y | MLPF&S for the Sole Benefit of | | Wells Fargo Advisors | | | | its Customers | | | | | Attn: Fund Administration | | | Special Custody Acct for the Exclusive Benefit of Customer | | 4800 Deer Lake Dr. E FL 3 | | | 2801 Market St | | | | Jacksonville, FL 32246-6484 | 1,107,478.830 | 59.47% | Saint Louis, MO 63103-2523 | 80,306.691 | 7.38% |
| Y | Wells Fargo Advisors | | | LPL Financial | | | | Special Custody Acct for the | | | Attn: Lindsay O’Toole | | | | Exclusive Benefit of Customer | | | 9785 Towne Center Drive | | | | 2801 Market St. | | | San Diego, CA 92121 | 65,551.359 | 6.02% | | Saint Louis, MO 63103-2523 | 429,308.030 | 23.05% |
|
| | Y | Morgan Stanley Smith Barney | | | | Putnam New Jersey Tax Exempt Income Fund | | Putnam New Jersey Tax Exempt Income Fund | | A | | National Financial Services, LLC | | | | Harborside Financial Center | | | for the Exclusive Benefit of | | | | Plaza 2, 3rd Floor | | | Our Customers | | | | Jersey City, NJ 07311 | 245,453.642 | 13.18% | 499 Washington Blvd. | | |
| | Putnam New York Tax Exempt Income Fund | | | A | Pershing LLC | | | | | 1 Pershing Plaza | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07399-0001 | 16,652,125.786 | 13.80% | Jersey City, NJ 07310-2010 | 3,252,215.820 | 16.42% |
| A | Merrill, Lynch, Pierce, Fenner & Smith | | Wells Fargo Advisors | | | | For the Sole Benefit of its Customers | | Special Custody Acct for the | | | | Attn: Fund Administration | | | Exclusive Benefit of Customer | | | | 4800 Deer Lake Drive East FL 3 | | 2801 Market St | | | | Jacksonville, FL 32246-6484 | 12,872,804.221 | 10.67% | Saint Louis, MO 63103-2523 | 2,971,032.042 | 15.00% |
| A | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 8,145,012.600 | 6.75% | Jersey City, NJ 07311 | 1,753,846.554 | 8.85% |
| A | Wells Fargo Advisors | | | MLPF&S for the Sole Benefit of | | | | Special Custody Acct for the Exclusive | | its Customers | | | | Benefit of the Customer | | | 4800 Deer Lake Dr. E FL 3 | | | | 2801 Market St. | | | Jacksonville, FL 32246-6484 | 1,512,545.066 | 7.64% | | Saint Louis, MO 63103-2523 | 7,487,717.612 | 6.20% |
|
| | B | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 437,472.157 | 27.93% | |
| | B | National Financial Services, LLC | | | | For the Exclusive Benefit of Our Customers | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | Jersey City, NJ 07310-2010 | 188,140.281 | 12.01% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive | | | | Benefit of the Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 186,556.515 | 11.91% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| A | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,378,822.223 | 6.96% |
| |
| A | | Charles Schwab & Co. Inc | | | | | Clearing Account for the | | | | | Exclusive Benefit of | | | | | Their Customers | | | | | 101 Montgomery St. | | |
|
| San Francisco, CA 94104-4151 | 1,080,115.605 | 5.45% | | |
| B | Merrill, Lynch, Pierce, Fenner & Smith | | Wells Fargo Advisors | | | | For the Sole Benefit of its Customers | | Special Custody Acct for the | | | | Attn: Fund Administration | | | Exclusive Benefit of Customer | | | | 4800 Deer Lake Drive East FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 178,189.824 | 11.38% | Saint Louis, MO 63103-2523 | 326,930.915 | 52.83% |
| C | Pershing LLC | | | | B | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 76,263,195 | 12.32% |
| |
| B | | MLPF&S for the Sole Benefit of | | | | | its Customers | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 55,271.649 | 8.93% |
| |
| B | | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | 1 Pershing Plaza | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07399-0001 | 2,231,206.045 | 30.49% | Jersey City, NJ 07310-2010 | 45,152.198 | 7.30% |
| C | Charles Schwab & Co Inc. | | | Wells Fargo Advisors | | | | Clearing Account for the | | | Special Custody Acct for the | | | | Exclusive Benefit of Their Customers | | Exclusive Benefit of Customer | | | | 101 Montgomery Street | | | 2801 Market St. | | | | San Francisco, CA 94104-4151 | 968,888.129 | 13.24% | Saint Louis, MO 63103-2523 | 940,412.559 | 33.38% |
| C | Merrill, Lynch, Pierce, Fenner & Smith | | Charles Schwab & Co. Inc | | | | For the Sole Benefit of its Customers | | Clearing Account for the Exclusive | | | Attn: Fund Administration | | | Benefit of Their Customers | | | | 4800 Deer Lake Drive East FL 3 | | | 101 Montgomery St. | | | | Jacksonville, FL 32246-6484 | 902,415.109 | 12.33% | San Francisco, CA 94104-4151 | 390,281.552 | 13.85% |
| C | LPL Financial | | | MLPF&S for the Sole Benefit of | | | | Attn: Lindsay O’Toole | | | its Customers | | | | 9785 Towne Center Drive | | | Attn: Fund Administration | | | | San Diego, CA 92121 | 598,025.317 | 8.17% | 4800 Deer Lake Dr. E FL 3 | | |
|
| Jacksonville, FL 32246-6484 | 311,069.610 | 11.04% |
| |
| C | Wells Fargo Advisors | | | Pershing LLC | | | | Special Custody Acct for the | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 229,662.814 | 8.15% |
| |
| C | | Raymond James & Assoc Inc | | | | Exclusive Benefit of the Customer | | Attn: Courtney Waller | | | | 2801 Market St. | | | 880 Carillon Pkwy | | | | Saint Louis, MO 63103-2523 | 414,788.375 | 5.67% | St. Petersburg, FL 33716-1100 | 202,935.978 | 7.20% |
| C | National Financial Services, LLC | | | National Financial Services, LLC | | | | For the Exclusive Benefit of | | | for the Exclusive Benefit of | | | | Our Customers | | | Our Customers | | | | 499 Washington Blvd | | | 499 Washington Blvd. | | | | Attn: Mutual Funds Dept. 4th Fl | | | Attn: Mutual Funds Dept 4th Fl | | | | Jersey City, NJ 07310-2010 | 384,460.763 | 5.25% | Jersey City, NJ 07310-2010 | 184,757.092 | 6.56% |
| M | Pershing LLC | | | | C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | 1 Pershing Plaza | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07399-0001 | 50,754.681 | 29.18% | Jersey City, NJ 07311 | 176,770.361 | 6.27% |
| M | Edward D. Jones & Co. | | | Wells Fargo Advisors | | | | Attn: Mutual Fund Shareholder Accounting | | Special Custody Acct for the | | | | 201 Progress Pkwy | | | Exclusive Benefit of Customer | | | | Maryland Heights, | | | 2801 Market St. | | | | MO 63043-3009 | 39,703.013 | 22.83% | Saint Louis, MO 63103-2523 | 208,280.551 | 63.02% |
| M | Paula Detiberiis & Lorraine Detiberiis JTWROS | | National Financial Services, LLC | | | | Multiple Beneficiaries | | | for the Exclusive Benefit of | | | | 16136 91st St. | | | Our Customers | | | | Howard Beach, NY 11414-3424 | 25,749.705 | 14.80% | 499 Washington Blvd. | | |
|
| Attn: Mutual Funds Dept 4th Fl | | | M | Elizabeth Frasca | | | | | 15 Kaldenberg Pl., Apt 1 | | | | | Tarrytown, NY 10591-7662 | 19,056.237 | 10.96% | Jersey City, NJ 07310-2010 | 23,989.793 | 7.26% |
| M | Diane M. Mullen | | | Leonard Cavaliere & Joseph Cavaliere JTWROS | | | Dennis M. Mullen JTWROS | | | 21 King George Rd. | | | | 2684 New Scotland Rd. | | | Warren, NJ 07059-7014 | 17,428.799 | 5.27% | | Voorheesville, NY 12186-5021 | 8,753.150 | 5.03% |
|
| | Y | Merrill, Lynch, Pierce, Fenner & Smith | | | | For the Sole Benefit | | | | | of its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Drive East FL 3 | | | | | Jacksonville, FL 32246-6484 | 773,456.038 | 32.23% | |
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of the Customer | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 568,269.387 | 23.68% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 372,191.815 | 15.51% | |
| | Y | National Financial Services, LLC | | | | | For the Exclusive Benefit of Our Customers | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 206,129.888 | 8.59% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam New York Tax Exempt Income Fund (cont.) | | | Putnam New Jersey Tax Exempt Income Fund (cont.) | | Putnam New Jersey Tax Exempt Income Fund (cont.) | Y | John A Hill | | | MLPF&S for the Sole Benefit of | | | 33 Avon Rd. | | | its Customers | | | | Bronxville, NY 10708-1601 | 186,515.222 | 7.77% | Attn: Fund Administration | | |
|
| 4800 Deer Lake Dr. E FL 3 | | | Putnam Ohio Tax Exempt Income Fund | | | | | Jacksonville, FL 32246-6484 | 1,107,478.830 | 59.47% |
| |
| Y | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 429,308.030 | 23.05% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 245,453.642 | 13.18% |
| |
| Putnam New York Tax Exempt Income Fund | | Putnam New York Tax Exempt Income Fund | | A | Edward D Jones & Co | | | Pershing LLC | | | | For the Benefit of Customers | | | | | 12555 Manchester Rd. | | | 1 Pershing Plaza | | | | Saint Louis, MO 63131-3729 | 1,567,419.684 | 11.22% | Jersey City, NJ 07399-0001 | 16,652,125.786 | 13.80% |
| A | Wells Fargo Advisors | | | Merrill, Lynch, Pierce, Fenner & Smith | | | Special Custody Acct for the | | | For the Sole Benefit of its Customers | | | Exclusive Benefit of Customer | | | Attn: Fund Administration | | | | 2801 Market St. | | | 4800 Deer Lake Drive East FL 3 | | | Saint Louis, MO 63103-2523 | 1,260,447.996 | 9.02% | Jacksonville, FL 32246-6484 | 12,872,804.221 | 10.67% |
| A | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 1,205,187.279 | 8.63% | Jersey City, NJ 07311 | 8,145,012.600 | 6.75% |
| A | UBS Wealth Management USA | | | Wells Fargo Advisors | | | | 0O0 11011 6100 | | | Special Custody Acct for the Exclusive | | | Omni Account M/F | | | Benefit of the Customer | | | | Attn: Department Manager | | | 2801 Market St. | | | | 1000 Harbor Blvd. | | | Saint Louis, MO 63103-2523 | 7,487,717.612 | 6.20% | | Weehawken, NJ 07086-6761 | 1,114,312.180 | 7.98% |
|
| | A | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 917,754.559 | 6.57% | |
| | A | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | B | | Pershing LLC | | | | Attn: Mutual Funds Dept 4th Fl | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310-2010 | 759,757.839 | 5.44% | Jersey City, NJ 07399-0001 | 437,472.157 | 27.93% |
| B | Pershing LLC | | | National Financial Services, LLC | | | | For the Exclusive Benefit of Our Customers | | | | 499 Washington Blvd | | | | 1 Pershing Plaza | | | Attn: Mutual Funds Dept. 4th Fl | | | Jersey City, NJ 07399-0001 | 91,231.337 | 42.52% | Jersey City, NJ 07310-2010 | 188,140.281 | 12.01% |
| B | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct for the Exclusive | | | Exclusive Benefit of Customer | | | Benefit of the Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 14,339.129 | 6.68% | Saint Louis, MO 63103-2523 | 186,556.515 | 11.91% |
| B | LPL Financial | | | Merrill, Lynch, Pierce, Fenner & Smith | | | Omnibus Customer Account | | | For the Sole Benefit of its Customers | | | Attn: Lindsay O’Toole | | | Attn: Fund Administration | | | | 9785 Towne Centre Dr. | | | 4800 Deer Lake Drive East FL 3 | | | San Diego, CA 92121-1968 | 11,285.250 | 5.26% | Jacksonville, FL 32246-6484 | 178,189.824 | 11.38% |
| C | Pershing LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 376,378.412 | 27.43% | Jersey City, NJ 07399-0001 | 2,231,206.045 | 30.49% |
| C | UBS Wealth Management USA | | | Charles Schwab & Co Inc. | | | | Attn: Department Manager | | | Clearing Account for the | | | | 1000 Harbor Blvd. | | | Exclusive Benefit of Their Customers | | | Weehawken, NJ 07086-6761 | 226,992.809 | 16.54% | 101 Montgomery Street | | |
|
| San Francisco, CA 94104-4151 | 968,888.129 | 13.24% | C | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 108,373.553 | 7.90% | |
| C | MLPF&S for the Sole Benefit | | | Merrill, Lynch, Pierce, Fenner & Smith | | | of its Customers | | | For the Sole Benefit of its Customers | | | Attn: Fund Administration | | | Attn: Fund Administration | | | | 4800 Deer Lake Dr. E FL 3 | | | 4800 Deer Lake Drive East FL 3 | | | Jacksonville, FL 32246-6484 | 85,796.613 | 6.25% | Jacksonville, FL 32246-6484 | 902,415.109 | 12.33% |
| C | Charles Schwab & Co. Inc | | | LPL Financial | | | | Clearing Account for the Exclusive | | Attn: Lindsay O’Toole | | | | Benefit of Their Customers | | | 9785 Towne Center Drive | | | | 101 Montgomery St. | | | San Diego, CA 92121 | 598,025.317 | 8.17% | | San Francisco, CA 94104-4151 | 71,411.429 | 5.20% |
|
| | M | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 26,488.048 | 45.75% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| C | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of the Customer | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 414,788.375 | 5.67% |
| |
| C | | National Financial Services, LLC | | | | | For the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd | | | | | Attn: Mutual Funds Dept. 4th Fl | | |
|
| Jersey City, NJ 07310-2010 | 384,460.763 | 5.25% | | |
| M | Pamela R LaulessTOD | | | Pershing LLC | | | | 2664 Alexandria Dr. | | | 1 Pershing Plaza | | | | Lima, OH 45805-2678 | 8,895.488 | 15.36% | Jersey City, NJ 07399-0001 | 50,754.681 | 29.18% |
| M | Albert A Myers | | | Edward D. Jones & Co. | | | | TOD Thelma A Myers | | | Attn: Mutual Fund Shareholder Accounting | | | Subject To State TOD Rules | | | 201 Progress Pkwy | | | | 6314 S Funk Rd. | | | Maryland Heights, | | | | Shreve, OH 44676-9716 | 5,580.307 | 9.64% | MO 63043-3009 | 39,703.013 | 22.83% |
| M | Patricia J White | | | Paula Detiberiis & Lorraine Detiberiis JTWROS | | | Dalmas L White JTWROS | | | Multiple Beneficiaries | | | | 2076 US 68 South, Lot 36 | | | 16136 91st St. | | | | Wilmington, OH 45177-9785 | 5,563.754 | 9.61% | Howard Beach, NY 11414-3424 | 25,749.705 | 14.80% |
| M | | Elizabeth Frasca | | | | | 15 Kaldenberg Pl., Apt 1 | | | | | Tarrytown, NY 10591-7662 | 19,056.237 | 10.96% |
| |
| M | | Diane M. Mullen | | | | | Dennis M. Mullen JTWROS | | | | | 2684 New Scotland Rd. | | | | | Voorheesville, NY 12186-5021 | 8,753.150 | 5.03% |
| |
| Y | SEI Private Trust Company | | | Merrill, Lynch, Pierce, Fenner & Smith | | | | For the Sole Benefit | | | | | of its Customers | | | | c/o First Merit ID 682 | | | Attn: Fund Administration | | | | 1 Freedom Valley Dr. | | | 4800 Deer Lake Drive East FL 3 | | | | Oaks, PA 19456-9989 | 248,408.810 | 36.95% | Jacksonville, FL 32246-6484 | 773,456.038 | 32.23% |
| Y | MLPF&S for the Sole Benefit of | | | Wells Fargo Advisors | | | | its Customers | | | Special Custody Acct for the | | | | Attn: Fund Administration | | | Exclusive Benefit of the Customer | | | 4800 Deer Lake Dr. E FL 3 | | | 2801 Market St. | | | | Jacksonville, FL 32246-6484 | 137,090.557 | 20.39% | Saint Louis, MO 63103-2523 | 568,269.387 | 23.68% |
| Y | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 128,482.304 | 19.11% | Jersey City, NJ 07311 | 372,191.815 | 15.51% |
| Y | Wells Fargo Advisors | | | National Financial Services, LLC | | | | Special Custody Acct for the | | | For the Exclusive Benefit of Our Customers | | | Exclusive Benefit of Customer | | | 499 Washington Blvd | | | | 2801 Market St. | | | Attn: Mutual Funds Dept. 4th Fl | | | | Saint Louis, MO 63103-2523 | 114,201.583 | 16.98% | Jersey City, NJ 07310-2010 | 206,129.888 | 8.59% |
| Putnam Pennsylvania Tax Exempt Income Fund | | | A | National Financial Services, LLC | | | | Y | | John A Hill | | | | for the Exclusive Benefit | | | 33 Avon Rd. | | | | of Our Customers | | | Bronxville, NY 10708-1601 | 186,515.222 | 7.77% | | 499 Washington Blvd. | | |
| Putnam Ohio Tax Exempt Income Fund | | Putnam Ohio Tax Exempt Income Fund | | A | | Edward D Jones & Co | | | | Attn: Mutual Funds Dept 4th Fl | | | For the Benefit of Customers | | | | Jersey City, NJ 07310-2010 | 4,819,269.697 | 25.47% | |
| | A | Pershing LLC | | | | | 1 Pershing Plaza | | | 12555 Manchester Rd. | | | | Jersey City, NJ 07399-0001 | 1,701,687.341 | 8.99% | Saint Louis, MO 63131-3729 | 1,567,419.684 | 11.22% |
| A | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the Exclusive | | Special Custody Acct for the | | | | Benefit of Customer | | | Exclusive Benefit of Customer | | | | 2801 Market St. | | | 2801 Market St. | | | | Saint Louis, MO 63103-2523 | 1,613,740.197 | 8.53% | Saint Louis, MO 63103-2523 | 1,260,447.996 | 9.02% |
| A | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 988,354.101 | 5.22% | Jersey City, NJ 07311 | 1,205,187.279 | 8.63% |
| B | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 179,666.543 | 27.49% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive | | | | Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 152,656.863 | 23.35% | |
| | B | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 36,245.212 | 5.54% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 525,425.356 | 17.02% | |
| | C | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 510,327.540 | 16.53% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Ohio Tax Exempt Income Fund (cont.) | | Putnam Ohio Tax Exempt Income Fund (cont.) | | A | | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | | Putnam Pennsylvania Tax Exempt Income Fund (cont.) | | C | LPL Financial | | | | | | Omni Account M/F | | | | | Attn: Department Manager | | | | | 1000 Harbor Blvd. | | | | | Weehawken, NJ 07086-6761 | 1,114,312.180 | 7.98% |
| |
| A | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 917,754.559 | 6.57% |
| |
| A | | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 759,757.839 | 5.44% |
| |
| B | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 91,231.337 | 42.52% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 14,339.129 | 6.68% |
| |
| B | | LPL Financial | | | | | Omnibus Customer Account | | | | Attn: Lindsay O’Toole | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Dr. | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 433,633.937 | 14.05% | San Diego, CA 92121-1968 | 11,285.250 | 5.26% |
| C | Pershing LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 271,494.335 | 8.79% | Jersey City, NJ 07399-0001 | 376,378.412 | 27.43% |
| C | Charles Schwab & Co. Inc | | | UBS Wealth Management USA | | | | Clearing Account for the Exclusive | | Attn: Department Manager | | | | Benefit of Their Customers | | | 1000 Harbor Blvd. | | | | 101 Montgomery St. | | | Weehawken, NJ 07086-6761 | 226,992.809 | 16.54% | | San Francisco, CA 94104-4151 | 184,814.212 | 5.99% |
| C | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 108,373.553 | 7.90% |
| C | Morgan Stanley Smith Barney | | | MLPF&S for the Sole Benefit | | | | | of its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 85,796.613 | 6.25% |
| |
| C | | Charles Schwab & Co. Inc | | | | | Clearing Account for the Exclusive | | | Harborside Financial Center | | | Benefit of Their Customers | | | | Plaza 2, 3rd Floor | | | 101 Montgomery St. | | | | Jersey City, NJ 07311 | 159,097.714 | 5.15% | San Francisco, CA 94104-4151 | 71,411.429 | 5.20% |
| M | John J Handley & Joyce A Handley | | Morgan Stanley Smith Barney | | | | Ten In Comm | | | Harborside Financial Center | | | | 495 Lake Louise Rd. | | | Plaza 2, 3rd Floor | | | | Dallas, PA 18612-6063 | 125,952.679 | 27.65% | Jersey City, NJ 07311 | 26,488.048 | 45.75% |
| M | Pershing LLC | | | Pamela R LaulessTOD | | | | 1 Pershing Plaza | | | 2664 Alexandria Dr. | | | | Jersey City, NJ 07399-0001 | 73,991.511 | 16.24% | Lima, OH 45805-2678 | 8,895.488 | 15.36% |
| M | LPL Financial | | | Albert A Myers | | | | Attn: Lindsay O’Toole | | | TOD Thelma A Myers | | | | 9785 Towne Centre Dr. | | | Subject To State TOD Rules | | | | San Diego, CA 92121-1968 | 27,130.126 | 5.95% | 6314 S Funk Rd. | | |
|
| Shreve, OH 44676-9716 | 5,580.307 | 9.64% |
| |
| M | Michael Steinkirchner & Maury Steinkirchner JTWROS | Patricia J White | | | | 445 Turtle Ln | | | | | Langhorne, PA 19047-3161 | 23,834.657 | 5.23% | |
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | Dalmas L White JTWROS | | | | 2801 Market St. | | | 2076 US 68 South, Lot 36 | | | | Saint Louis, MO 63103-2523 | 125,952.679 | 27.65% | Wilmington, OH 45177-9785 | 5,563.754 | 9.61% |
| Y | RBC Capital Markets, LLC | | | SEI Private Trust Company | | | | Attn: Mutual Fund Ops Manager | | | c/o First Merit ID 682 | | | | 510 Marquette Ave S | | | 1 Freedom Valley Dr. | | | | Minneapolis, MN 55402-1110 | 73,991.511 | 16.24% | Oaks, PA 19456-9989 | 248,408.810 | 36.95% |
| Y | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 27,130.126 | 5.95% | |
| | Y | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 23,834.657 | 5.23% | |
| | Y | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 125,952.679 | 27.65% | |
| | Y | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 73,991.511 | 16.24% | |
| | Putnam Research Fund | | | | A | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 674,834.844 | 6.96% | |
| | A | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 633,875.714 | 6.54% | |
| | B | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 28,931.446 | 5.62% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| Y | | MLPF&S for the Sole Benefit of | | | | | its Customers | | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Dr. E FL 3 | | | | | Jacksonville, FL 32246-6484 | 137,090.557 | 20.39% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 128,482.304 | 19.11% |
| |
| Y | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 114,201.583 | 16.98% |
| |
| Putnam Pennsylvania Tax Exempt Income Fund | | Putnam Pennsylvania Tax Exempt Income Fund | | A | | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 4,819,269.697 | 25.47% |
| |
| A | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,701,687.341 | 8.99% |
| |
| A | | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive | | | | Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 1,613,740.197 | 8.53% |
| |
| A | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 988,354.101 | 5.22% |
| |
| B | | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 179,666.543 | 27.49% |
| |
| B | | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive | | | | Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 152,656.863 | 23.35% |
| |
| B | | Pershing LLC | | | | | 1 Pershing Plaza | | |
|
| Jersey City, NJ 07399-0001 | 36,245.212 | 5.54% | | |
| C | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | Special Custody Acct for the | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 525,425.356 | 17.02% |
| |
| C | | National Financial Services, LLC | | | | | for the Exclusive Benefit | | | | | of Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 510,327.540 | 16.53% |
| |
| C | | LPL Financial | | | | Exclusive Benefit of Customer | | | Attn: Lindsay O’Toole�� | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | Saint Louis, MO 63103-2523 | 95,872.292 | 15.05% | San Diego, CA 92121-1968 | 433,633.937 | 14.05% |
| C | Pershing LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 42,899.973 | 6.74% | Jersey City, NJ 07399-0001 | 271,494.335 | 8.79% |
| C | MLPF&S for the Sole Benefit of its Customers | | Charles Schwab & Co. Inc | | | | Attn: Fund Administration | | | Clearing Account for the Exclusive | | | 4800 Deer Lake Dr. E FL 3 | | | Benefit of Their Customers | | | | Jacksonville, FL 32246-6484 | 32,118.547 | 5.04% | 101 Montgomery St. | | |
|
| San Francisco, CA 94104-4151 | 184,814.212 | 5.99% | M | Wells Fargo Advisors | | | | | Special Custody Acct for the Exclusive | |
| | Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 15,292.646 | 7.62% | |
| | R | MG Trust Company Cust | | | | | Atlantic Technical Services | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 2,702.008 | 27.18% | |
| | R | MG Trust Company Cust | | | | | Federal Steel & Erection Company | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 1,299.183 | 13.07% | |
| | R | MG Trust Company Cust | | | | | Tua Sales Inc. | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 1,137.267 | 11.44% | |
| | R | MG Trust Company Cust | | | | | Wyde Corp | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 1,101.625 | 11.08% | |
| | R | MG Trust Company Cust | | | | | Pinemore Camp Association | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 650.433 | 6.54% | |
| | R | MG Trust Company Cust | | | | | Valley Adjusting Service Inc. | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 633.005 | 6.37% | |
| | Y [ ] | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 246,986.366 | 44.98% | |
| | Y | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 191,230.000 | 34.83% | |
| | Putnam RetirementReady 2055 Fund | | | | A | Jason Kalish | | | | | 118 Grove Street Apt 4 | | | | | Stamford, CT 06901 | 16,294.592 | 34.63% | |
| | A [ ] | Great-West Trust Company, | | | | | Recordkeeper for various | | | | | benefit plans | 9,072.392 | 19.28% | |
| | A | Ryan Bagley | | | | | 205 Pinehurst Ave #2A | | | | | New York, NY 10033 | 5,361.488 | 11.39% | |
| | A [ ] | Western Federal Credit Union | 3,519.687 | 7.48% | |
| | B | Sarah Murphy | | | | | 29 Alton Ave | | | | | Cumberland, RI 02864 | 1,159.821 | 47.49% | |
| | B | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,127.889 | 46.18% | |
| | C | Systematic Asian Leadership | | | | | A/C Nathan Clifton | | | | | PO Box 38405 | | | | | Charlotte, NC 28272 | 1,708.259 | 25.18% | |
| | C | Putnam LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,135.445 | 16.74% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam RetirementReady 2055 Fund (cont.) | | | C | Dennis Mos & Denise Mos Comm PROP | | | | 2912 Field Ct | | | | | San Diego, CA 92110 | 1,033.734 | 15.24% | |
| | Putnam Pennsylvania Tax Exempt Income Fund (cont.) | | Putnam Pennsylvania Tax Exempt Income Fund (cont.) | C | Leroy Cusd | | | Morgan Stanley Smith Barney | | | | A/C Elizabeth Conn | | | Harborside Financial Center | | | | 207 Marsh Hawk Dr | | | Plaza 2, 3rd Floor | | | | Le Ray, IL 61752 | 944.863 | 13.93% | Jersey City, NJ 07311 | 159,097.714 | 5.15% |
| C | Shannon McLoughlin Daley | | | | M | | John J Handley & Joyce A Handley | | | | Ten In Comm | | | | 106 Glen Ave | | | 495 Lake Louise Rd. | | | | Millburn, NJ 07041 | 668.211 | 9.85% | Dallas, PA 18612-6063 | 125,952.679 | 27.65% |
| M | Putnam LLC | | | Pershing LLC | | | | One Post Office Square | | | 1 Pershing Plaza | | | | Boston, MA 02109 | 1,132.237 | 45.26% | Jersey City, NJ 07399-0001 | 73,991.511 | 16.24% |
| M | Keansburg Board of Education | | | LPL Financial | | | | A/C Uriel Morfin | | | Attn: Lindsay O’Toole | | | | 50 Manito Road | | | 9785 Towne Centre Dr. | | | | Manasquan, NJ 08736 | 648.552 | 25.93% | San Diego, CA 92121-1968 | 27,130.126 | 5.95% |
| M | Nicholas Lelgie | | | Michael Steinkirchner & Maury Steinkirchner JTWROS | | 650 Carlisle Ave | | | 445 Turtle Ln | | | | Hamilton, OH 45013 | 647.455 | 25.88% | Langhorne, PA 19047-3161 | 23,834.657 | 5.23% |
| R [ ] | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 5,332.399 | 74.56% | |
| | R | Putnam LLC | | | | Y | | Wells Fargo Advisors | | | | One Post Office Square | | | Special Custody Acct for the | | | | Boston, MA 02109 | 1,139.925 | 15.94% | Exclusive Benefit of Customer | | |
|
| 2801 Market St. | | | R | ING National Trust FBO | | | | | | Saint Louis, MO 63103-2523 | 125,952.679 | 27.65% |
| |
| Y | | RBC Capital Markets, LLC | | | | 1 Orange Way | | | Attn: Mutual Fund Ops Manager | | | | Windsor, CT 06095 | 679.162 | 9.50% | 510 Marquette Ave S | | |
|
| Minneapolis, MN 55402-1110 | 73,991.511 | 16.24% | Y [ ] | Great-West Trust | | | |
| |
| Y | | LPL Financial | | | | Company, LLC FBO | 36,345.494 | 66.04% | Attn: Lindsay O’Toole | | |
|
| 9785 Towne Centre Dr. | | | Y [ ] | UGL Services UNICCO Operations | 9,509.640 | 17.28% | |
| | Y [ ] | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 7,174.738 | 13.04% | San Diego, CA 92121-1968 | 27,130.126 | 5.95% |
| Putnam RetirementReady 2050 Fund | | | | A [ ] | Great-West Trust Company, Recordkeeper | | | Y | | Morgan Stanley Smith Barney | | | | for various benefit plans | 88,126.573 | 32.70% | Harborside Financial Center | | |
|
| Plaza 2, 3rd Floor | | | A [ ] | Western Federal Credit Union | 16,396.658 | 6.08% | |
|
| Jersey City, NJ 07311 | 23,834.657 | 5.23% |
| |
| Y | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 125,952.679 | 27.65% |
| |
| Y | | National Financial Services, LLC | | | | | for the Exclusive Benefit of | | | | | Our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept 4th Fl | | | | | Jersey City, NJ 07310-2010 | 73,991.511 | 16.24% |
| |
| Putnam Research Fund | | Putnam Research Fund | | | A | Eugene Blake | | | Wells Fargo Advisors | | | | 8 Spruce Cir | | | Special Custody Acct for the | | | | Andover, MA 01810 | 16,237.721 | 6.02% | Exclusive Benefit of Customer | | |
|
| 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 674,834.844 | 6.96% |
| |
| A | MG Trust Company Cust | | | Pershing LLC | | | | Norman’s Wright/Airelink Mech EQ | | | | 700 17th St., Ste. 300 | | | 1 Pershing Plaza | | | | Denver, CO 80202-3531 | 14,940.254 | 5.54% | Jersey City, NJ 07399-0001 | 633,875.714 | 6.54% |
| B | National Financial Services, LLC | | | Wells Fargo Advisors | | | | FBO its customers | | | Special Custody Acct for the | | | | 499 Washington Blvd | | | Exclusive Benefit of Customer | | | | Jersey City, NJ 07310 | 3,566.266 | 23.83% | 2801 Market St. | | |
|
| Saint Louis, MO 63103-2523 | 28,931.446 | 5.62% | B | Samantha Singh | | | | | 5838 Pala Mesa Drive | | | | | San Jose, CA 95123 | 1,589.631 | 10.62% | |
| | B | Vineet Arora | | | | | 5605 S. Woodlawn Ave | | | | | Chicago, IL 60637 | 988.897 | 6.61% | |
| C | Deborah Nevin | | | Wells Fargo Advisors | | | | 3409 Malito Dr | | | Special Custody Acct for the | | | | Bonia, CA 91902 | 2,376.630 | 15.22% | |
| | C | First Nations Community | | | | | A/C Jessica Tsabetsave | | | Exclusive Benefit of Customer | | | | 5712 Potentilla CT NW | | | 2801 Market St. | | | | Albuquerque, NM 87210 | 2,090.189 | 13.38% | Saint Louis, MO 63103-2523 | 95,872.292 | 15.05% |
| C | Ian Sacco | | | Pershing LLC | | | | 3650 Eugene Place | | | 1 Pershing Plaza | | | | San Diego, CA 92116 | 1,166.149 | 7.47% | Jersey City, NJ 07399-0001 | 42,899.973 | 6.74% |
| C | First Nations Community | | | MLPF&S for the Sole Benefit of its Customers | | | A/C Diane Mccurg | | | Attn: Fund Administration | | | | 225 Charter House | | | 4800 Deer Lake Dr. E FL 3 | | | | Williamsburg, VA 23188 | 999.727 | 6.40% | Jacksonville, FL 32246-6484 | 32,118.547 | 5.04% |
| C | Georgia Phares | | | | | 6385 Ebb Tide Way | | | | | Carlsbad, CA 92011 | 950.719 | 6.09% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | | C | First Nations Community | | | | | A/C Mary Flynn | | | | | 8608 Tia Christina Dr NW | | | | | Albuquerque, NM 87114 | 780.232 | 5.00% | |
| M | Pershing LLC | | | Wells Fargo Advisors | | | | 1 Pershing Plaza | | | Special Custody Acct for the Exclusive | | | Jersey City, NJ 07399 | 670.412 | 34.96% | Benefit of Customer | | |
|
| 2801 Market St. | | | M | Keansburg Board of Education | | | | | A/C James Schumacher | | | | | 67 Tall Timber Road | | | | | Middletown, NJ 07748 | 377.227 | 19.67% | |
| | M* | PECO Employees 401(K) Plan | 304.337 | 15.87% | |
| | M | Phoenix Data Systems Inc | | | | | A/C A/C Brandon Wayne | | | | | 1605 Bawtree Street | | | | | W. Bloomfield, MI 48324 | 207.939 | 10.84% | |
| | M | Keansburg Board of Education | | | | | A/C Jason Wombough | | | | | 93 Seabreeze Way | | | | | Keansburg, NJ 07734 | 122.967 | 6.41% | |
| | M | Michelle Voight Shisler | | | | | 507 Lead Street | | | | | Kingman, AZ 86401 | 106.238 | 5.54% | |
| | M | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 96.591 | 5.04% | |
| | R [ ] | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 54,914.609 | 35.14% | Saint Louis, MO 63103-2523 | 15,292.646 | 7.62% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | Wyde Corp. | | | Atlantic Technical Services | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 21,457.640 | 13.73% | Denver, CO 80202-3531 | 2,702.008 | 27.18% |
| R | ING National Trust FBO | | | MG Trust Company Cust | | | | 1 Orange Way | | | Federal Steel & Erection Company | | | Windsor, CT 06095 | 9,575.798 | 6.13% | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3531 | 1,299.183 | 13.07% |
| |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | FBO Rincon Band of Luiseno Indians | | Tua Sales Inc. | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 8,392.580 | 5.37% | Denver, CO 80202-3531 | 1,137.267 | 11.44% |
| Y [ ] | Great-West Trust Company, LLC | | | | R | | MG Trust Company Cust | | | | The Putnam Retirement Plan | 203,014.373 | 77.82% | Wyde Corp | | |
|
| 700 17th St., Ste. 300 | | | Y [ ] | UGL Services UNICCO Operations 32,775.382 | 12.56% | |
|
| Denver, CO 80202-3531 | 1,101.625 | 11.08% | Putnam RetirementReady 2045 Fund | | | | A [ ] | Great-West Trust Company, Recordkeeper | | |
| |
| R | | MG Trust Company Cust | | | | | Pinemore Camp Association | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 650.433 | 6.54% |
| |
| R | | MG Trust Company Cust | | | | | Valley Adjusting Service Inc. | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 633.005 | 6.37% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 246,986.366 | 44.98% |
| |
| Y | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | | 2801 Market St. | | | | | Saint Louis, MO 63103-2523 | 191,230.000 | 34.83% |
| |
| Putnam RetirementReady 2055 Fund | | Putnam RetirementReady 2055 Fund | | | A | | Jason Kalish | | | | | 118 Grove Street Apt 4 | | | | | Stamford, CT 06901 | 16,294.592 | 34.63% |
| |
| A** | | Great-West Trust Company, | | | | | Recordkeeper for various | | | | for various benefit plans | 130,843.194 | 30.01% | benefit plans | 9,072.392 | 19.28% |
| A | Ameritrade Inc FBO | | | Ryan Bagley | | | | PO Box 2226 | | | 205 Pinehurst Ave #2A | | | | Omaha, NE 68102-2226 | 31,436.752 | 7.21% | New York, NY 10033 | 5,361.488 | 11.39% |
| A [ ] | Livewire Mobile Inc. | 22,072.016 | 5.06% | | A* | | Western Federal Credit Union | 3,519.687 | 7.48% |
| B | Taj Sabih | | | Sarah Murphy | | | | 528 Timber Way | | | 29 Alton Ave | | | | Lewisville, TX 75067 | 1,422.112 | 8.79% | Cumberland, RI 02864 | 1,159.821 | 47.49% |
| B | LPL Financial | | | Putnam LLC | | | | Attn: Lindsay O’Toole | | | One Post Office Square | | | | 9785 Towne Centre Drive | | | Boston, MA 02109 | 1,127.889 | 46.18% | | San Diego, CA 92121-1968 | 1,318.431 | 8.15% |
|
| | B | Cassandra Juneau | | | | | 305 Melodywood Drive | | | | | Friendswood, TX 77545 | 969.857 | 6.00% | |
| | B | Katie Darling | | | | | 777 E. Sandhill CT | | | | | Lehi, Utah 84043 | 948.121 | 5.86% | |
| | B | James Coleman | | | | C | | Systematic Asian Leadership | | | | A/C Megan Reisenauer | | | A/C Nathan Clifton | | | | 2420 Marie Road | | | PO Box 38405 | | | | Turlock, CA 95380 | 893.583 | 5.53% | Charlotte, NC 28272 | 1,708.259 | 25.18% |
| C | Abraham Schoenfeld | | | Putnam LLC | | | | 4 Green Hill Lane | | | One Post Office Square | | | | Spring Valley, NY 10977 | 3,089.036 | 18.74% | Boston, MA 02109 | 1,135.445 | 16.74% |
| C | Lisa Mapes | | | Dennis Mos & Denise Mos Comm PROP | | | 96 River View Rd | | | 2912 Field Ct | | | | Sugar Run, PA 18846 | 2,242.684 | 13.61% | San Diego, CA 92110 | 1,033.734 | 15.24% |
| C | | Leroy Cusd | | | | | A/C Elizabeth Conn | | | | | 207 Marsh Hawk Dr | | | | | Le Ray, IL 61752 | 944.863 | 13.93% |
| |
| C | | Shannon McLoughlin Daley | | | | | 106 Glen Ave | | | | | Millburn, NJ 07041 | 668.211 | 9.85% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam RetirementReady 2045 Fund (cont.) | | | C | Kidspeak Speech & Language Services | | | | A/C Rachel Crowley | | | | | 6807 Old Forge Drive | | | | | Charlotte, NC 28226 | 1,871.850 | 11.36% | |
| | C | David Braham | | | | | 9200 Walsall CV | | | | | Austin, TX 78749 | 1,380.228 | 8.37% | |
| | M | Phoenix Data Systems Inc | | | | | A/C Aaron M. Peters | | | | | 2660 Sterling River Drive | | | | | Fowlerville, MI 48836 | 389.306 | 30.12% | |
| | Putnam RetirementReady 2055 Fund (cont.) | | Putnam RetirementReady 2055 Fund (cont.) | | M | Renee Judson | | | Putnam LLC | | | | 3004 N. Harrison St | | | One Post Office Square | | | | Wilmington, DE 19802 | 293.101 | 22.68% | Boston, MA 02109 | 1,132.237 | 45.26% |
| M | Denise Lee Burgess | | | Keansburg Board of Education | | | | 3014 W. William Cannon Drive; | | | A/C Uriel Morfin | | | | Apt 522 | | | 50 Manito Road | | | | Austin, Texas 78745 | 184.508 | 14.28% | Manasquan, NJ 08736 | 648.552 | 25.93% |
| M | Pershing LLC | | | Nicholas Lelgie | | | | P.O. Box 2052 | | | 650 Carlisle Ave | | | | Jersey City, NJ 07303-2052 | 115.999 | 8.97% | Hamilton, OH 45013 | 647.455 | 25.88% |
| M | Phoenix Data Systems Inc | | | | | A/C Courtney Widzinski | | | | | 2061 Hollywood Ave | | | | | Grosse Point, MI 48236 | 112.750 | 8.72% | |
| | M | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 69.373 | 5.37% | |
| | R [ ] | Great-West Trust Company, Recordkeeper | | | R** | | Great-West Trust Company, LLC | | | | for various benefit plans | 51,344.693 | 36.94% | The Putnam Retirement Plan | 5,332.399 | 74.56% |
| R | MG Trust Company Cust | | | Putnam LLC | | | | FBO Rincon Band of Luiseno Indians | | | | 700 17th St., Ste. 300 | | | One Post Office Square | | | | Denver, CO 80202-3531 | 13,110.257 | 9.43% | Boston, MA 02109 | 1,139.925 | 15.94% |
| R | MG Trust Company Cust | | | ING National Trust FBO | | | | FBO C&C Web International, Inc. | | | 1 Orange Way | | | | 700 17th St., Ste. 300 | | | Windsor, CT 06095 | 679.162 | 9.50% | | Denver, CO 80202-3531 | 10,204.716 | 7.34% |
| Y** | | Great-West Trust | | |
|
| Company, LLC FBO | 36,345.494 | 66.04% | R | MG Trust Company Cust | | | |
| |
| Y* | | UGL Services UNICCO Operations | 9,509.640 | 17.28% |
| |
| Y** | | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 7,174.738 | 13.04% |
| |
| Putnam RetirementReady 2050 Fund | | Putnam RetirementReady 2050 Fund | | | A** | | Great-West Trust Company, Recordkeeper | | | | for various benefit plans | 88,126.573 | 32.70% |
| |
| A* | | Western Federal Credit Union | 16,396.658 | 6.08% |
| |
| A | | Eugene Blake | | | | Wyde Corp | | | 8 Spruce Cir | | | | 700 17th St., Ste. 300 | | | Andover, MA 01810 | 16,237.721 | 6.02% | | Denver, CO 80202-3531 | 9,197.198 | 6.62% |
|
| | Y [ ] | Great-West Trust Company, LLC — | | | A | | MG Trust Company Cust | | | | The Putnam Retirement Plan | 195,438.885 | 79.82% | Norman’s Wright/Airelink Mech EQ | |
|
| 700 17th St., Ste. 300 | | | Y [ ] | UGL Services UNICCO Operations 29,743.096 | 12.15% | |
|
| Denver, CO 80202-3531 | 14,940.254 | 5.54% | Putnam RetirementReady 2040 Fund | | | | A [ ] | Great West Trust | | | | | Company, LLC FBO | 142,683.124 | 24.39% | |
| | A [ ] | Western Federal Credit Union | 42,114.549 | 7.20% | |
| B | LPL Financial | | | National Financial Services, LLC | | | | Attn: Lindsay O’Toole | | | FBO its customers | | | | 9785 Towne Centre Drive | | | 499 Washington Blvd | | | | San Diego, CA 92121-1968 | 12,178.321 | 28.92% | Jersey City, NJ 07310 | 3,566.266 | 23.83% |
| B | National Financial Services, LLC | | | Samantha Singh | | | | FBO its customers | | | | | 499 Washington BLVD | | | 5838 Pala Mesa Drive | | | | Jersey City, NJ 07310 | 4,597.813 | 10.92% | San Jose, CA 95123 | 1,589.631 | 10.62% |
| B | Pershing LLC | | | Vineet Arora | | | | P.O. Box 2052 | | | 5605 S. Woodlawn Ave | | | | Jersey City, NJ 07303-2052 | 4,036.735 | 9.59% | Chicago, IL 60637 | 988.897 | 6.61% |
| C | Anne Bonczek | | | Deborah Nevin | | | | 81 Redfield Street | | | 3409 Malito Dr | | | | Tunkhannock, PA 18657 | 2,489.172 | 12.07% | Bonia, CA 91902 | 2,376.630 | 15.22% |
| C | Edward Jones & Co. | | | First Nations Community | | | | 12555 Manchester Road | | | A/C Jessica Tsabetsave | | | | Saint Louis, MO 63131 | 1,562.698 | 7.58% | 5712 Potentilla CT NW | | |
|
| Albuquerque, NM 87210 | 2,090.189 | 13.38% |
| |
| C | Jennifer Sackett | | | Ian Sacco | | | | PO Box 514 | | | 3650 Eugene Place | | | | Wyallsing, PA 18853 | 1,499.825 | 7.27% | San Diego, CA 92116 | 1,166.149 | 7.47% |
| C | | First Nations Community | | | | | A/C Diane Mccurg | | | | | 225 Charter House | | | | | Williamsburg, VA 23188 | 999.727 | 6.40% |
| |
| C | | Georgia Phares | | | | | 6385 Ebb Tide Way | | | | | Carlsbad, CA 92011 | 950.719 | 6.09% |
| |
| C | | First Nations Community | | | | | A/C Mary Flynn | | | | | 8608 Tia Christina Dr NW | | | | | Albuquerque, NM 87114 | 780.232 | 5.00% |
| |
| M | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 670.412 | 34.96% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| M | | Keansburg Board of Education | | | | | A/C James Schumacher | | | | | 67 Tall Timber Road | | | | | Middletown, NJ 07748 | 377.227 | 19.67% |
| |
| M* | | PECO Employees 401(K) Plan | 304.337 | 15.87% |
| |
| M | | Phoenix Data Systems Inc | | | | | A/C A/C Brandon Wayne | | | | | 1605 Bawtree Street | | | | | W. Bloomfield, MI 48324 | 207.939 | 10.84% |
| |
| M | | Keansburg Board of Education | | | | | A/C Jason Wombough | | | | | 93 Seabreeze Way | | | | | Keansburg, NJ 07734 | 122.967 | 6.41% |
| |
| M | | Michelle Voight Shisler | | | | | 507 Lead Street | | | | | Kingman, AZ 86401 | 106.238 | 5.54% |
| |
| M | | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 96.591 | 5.04% |
| |
| R** | | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 54,914.609 | 35.14% |
| |
| R | | MG Trust Company Cust | | | | | Wyde Corp. | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 21,457.640 | 13.73% |
| |
| R | | ING National Trust FBO | | | | | 1 Orange Way | | | | | Windsor, CT 06095 | 9,575.798 | 6.13% |
| |
| R | | MG Trust Company Cust | | | | | FBO Rincon Band of Luiseno Indians | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 8,392.580 | 5.37% |
| |
| Y** | | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 203,014.373 | 77.82% |
| |
| Y* | | UGL Services UNICCO Operations | 32,775.382 | 12.56% |
| |
| Putnam RetirementReady 2045 Fund | | Putnam RetirementReady 2045 Fund | | | A** | | Great-West Trust Company, Recordkeeper | | | | for various benefit plans | 130,843.194 | 30.01% |
| |
| A | | Ameritrade Inc FBO | | | | | PO Box 2226 | | | | | Omaha, NE 68102-2226 | 31,436.752 | 7.21% |
| |
| A* | | Livewire Mobile Inc. | 22,072.016 | 5.06% |
| |
| B | | Taj Sabih | | | | | 528 Timber Way | | | | | Lewisville, TX 75067 | 1,422.112 | 8.79% |
| |
| B | | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Drive | | | | | San Diego, CA 92121-1968 | 1,318.431 | 8.15% |
| |
| B | | Cassandra Juneau | | | | | 305 Melodywood Drive | | | | | Friendswood, TX 77545 | 969.857 | 6.00% |
| |
| B | | Katie Darling | | | | | 777 E. Sandhill CT | | | | | Lehi, Utah 84043 | 948.121 | 5.86% |
| |
| B | | James Coleman | | | | | A/C Megan Reisenauer | | | | | 2420 Marie Road | | |
|
| Turlock, CA 95380 | 893.583 | 5.53% | | |
| C | Joshua Parkhurst | | | Abraham Schoenfeld | | | | 1586 Steam Mill Hollow Rd | | | 4 Green Hill Lane | | | | Laceyville, PA 18623 | 1,412.998 | 6.85% | Spring Valley, NY 10977 | 3,089.036 | 18.74% |
| C | Jeffrey Carver | | | Lisa Mapes | | | | 225 Glen Road | | | 96 River View Rd | | | | Camp Hill, PA 17011 | 1,267.082 | 6.14% | Sugar Run, PA 18846 | 2,242.684 | 13.61% |
| C | Diabetes Management & Supplies | | | Kidspeak Speech & Language Services | | | c/o Terry Miller | | | A/C Rachel Crowley | | | | 4913 Steele Street | | | 6807 Old Forge Drive | | | | Metairie, LA 70006 | 1,032.754 | 5.01% | Charlotte, NC 28226 | 1,871.850 | 11.36% |
| M | Keansburg Board of Education | | | | | A/C Dana Florio | | | | | 71 Galloping Drive | | | | | Belford, NJ 07718 | 701.372 | 24.12% | |
| | M | Phoenix Data Systems | | | | | A/C Sushma Krishnaswamy | | | | | 398 Daylily Dr | | | | | Rochester Hills, MI 48307 | 561.796 | 19.32% | |
| | M | Simi Valley Unified School District | | | | | A/C Karen Linn | | | | | 6043 Mescallero Pl | | | | | Simi Valley, CA 93063 | 365.344 | 12.56% | |
| | M | Township High School District 211 | | | | A/C Anthony Tosh | | | | | 849 W Saint John Pl | | | | | Palatine, IL 60067 | 312.335 | 10.74% | |
| | M | Keansburg Board of Education | | | | | A/C Theresa Konor | | | | | 2 Addison Road | | | | | Howell, NJ 07731 | 255.785 | 8.80% | |
| | M | Keansburg Board of Education | | | | | A/C Tara Kukulski | | | | | 434 Middlewood Road | | | | | Middletown, NJ 07748 | 181.798 | 6.25% | |
| | M | Mary Lowell | | | | | 3451 N Apache St | | | | | Kingman, AZ 86401 | 152.939 | 5.26% | |
| | R [ ] | Great-West Trust Company, Recordkeeper | | | | for various benefit plans | 54,715.621 | 30.41% | |
| | R | MG Trust Company Cust | | | | | FBO Rincon Band of Luiseno Indians | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 12,056.373 | 6.70% | |
| | R | MG Trust Company Cust | | | | | IHS Pharmacy | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 11,029.558 | 6.13% | |
| | Y [ ] | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 216,863.078 | 74.78% | |
| | Y [ ] | UGL Services UNICCO Operations 43,718.980 | 15.07% | |
| | Putnam RetirementReady 2035 Fund | | | | A [ ] | Great West Trust | | | | | Company, LLC FBO | 122,624.934 | 16.11% | |
| | A | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 106,540.895 | 14.00% | |
| | A* | IBEW Local 40 | 49,380.111 | 6.49% | |
| | A [ ] | Livewire Mobile Inc. | 39,883.551 | 5.24% | |
| | B | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 6,918.411 | 13.15% | |
| | B | Alessandra Nardi | | | | | 2028 Parker Street | | | | | Berkeley, CA 94704 | 3,693.308 | 7.02% | |
| | B | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Drive | | | | | San Diego, CA 92121-1968 | 3,620.081 | 6.88% | |
| | B | Patrick Keenan | | | | | 785 Keller Pkwy | | | | | Saint Paul, MN 55117 | 2,679.715 | 5.09% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam RetirementReady 2035 Fund (cont.) | | | Putnam RetirementReady 2045 Fund (cont.) | | Putnam RetirementReady 2045 Fund (cont.) | | C | MG Trust Company Cust | | | David Braham | | | | Gartner Anesthesia PLLC | | | 9200 Walsall CV | | | | 700 17th St., Ste. 300 | | | Austin, TX 78749 | 1,380.228 | 8.37% | | Denver, CO 80202-3531 | 5,982.664 | 21.00% |
|
| | C | Merritt Swartley | | | | | 3684 N Sawgrass Way | | | | | Boise, ID 83704 | 2,286.067 | 8.03% | |
| | C | Dushore Grocery Inc | | | | | A/C Justin Haas | | | | | 15768 SR 87 | | | | | Dushore, PA 18604 | 1,517.957 | 5.33% | |
| | C | Dushore Grocery Inc | | | | M | | Phoenix Data Systems Inc | | | | A/C Kristin Haas | | | A/C Aaron M. Peters | | | | 15768 SR 87 | | | 2660 Sterling River Drive | | | | Dushore, PA 18604 | 1,516.786 | 5.32% | Fowlerville, MI 48836 | 389.306 | 30.12% |
| M | Timothy McDonough | | | Renee Judson | | | | 26 Green Street | | | 3004 N. Harrison St | | | | Rockland, MA 02370 | 5,895.811 | 42.37% | Wilmington, DE 19802 | 293.101 | 22.68% |
| M | Fairfield Public Schools | | | Denise Lee Burgess | | | | A/C Steven Blumenthal | | | 3014 W. William Cannon Drive; | | | | 49 Winchester Ave | | | Apt 522 | | | | North Haven, CT 06473 | 5,444.637 | 39.13% | Austin, Texas 78745 | 184.508 | 14.28% |
| M | Putnam LLC | | | Pershing LLC | | | | One Post Office Sq. | | | P.O. Box 2052 | | | | Boston, MA 02109-2106 | 1,227.724 | 8.82% | Jersey City, NJ 07303-2052 | 115.999 | 8.97% |
| R [ ] | Great-West Trust Company, | | | | M | | Phoenix Data Systems Inc | | | | Recordkeeper for various | | | A/C Courtney Widzinski | | | | | 2061 Hollywood Ave | | | | | Grosse Point, MI 48236 | 112.750 | 8.72% |
| |
| M | | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 69.373 | 5.37% |
| |
| R** | | Great-West Trust Company, Recordkeeper | | | benefit plans | 69,502.290 | 29.79% | for various benefit plans | 51,344.693 | 36.94% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | HIS Pharmacy | | | FBO Rincon Band of Luiseno Indians | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 24,209.986 | 10.38% | Denver, CO 80202-3531 | 13,110.257 | 9.43% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | One Fish Two Fish Inc Employees | | | FBO C&C Web International, Inc. | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 15,477.330 | 6.63% | Denver, CO 80202-3531 | 10,204.716 | 7.34% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | United Smiles PC | | | Wyde Corp | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 15,126.077 | 6.48% | Denver, CO 80202-3531 | 9,197.198 | 6.62% |
| Y [ ] | Great-West Trust Company, LLC — | | | Y** | | Great-West Trust Company, LLC — | | | The Putnam Retirement Plan | 370,491.849 | 72.50% | The Putnam Retirement Plan | 195,438.885 | 79.82% |
| Y [ ] | UGL Services UNICCO Operations 75,798.644 | 14.83% | | Y* | | UGL Services UNICCO Operations | 29,743.096 | 12.15% |
| Y [ ] | UGL Services UNICCO Operations 37,434.852 | 7.33% | |
| | Putnam RetirementReady 2030 Fund | | | | A [ ] | Great-West Trust Company, | | | | Putnam RetirementReady 2040 Fund | | Putnam RetirementReady 2040 Fund | | | A** | | Great West Trust | | | | Recordkeeper for various | | | Company, LLC FBO | 142,683.124 | 24.39% | | benefit plans | 195,808.348 | 18.82% |
|
| | A | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 79,212.666 | 7.61% | | A* | | Western Federal Credit Union | 42,114.549 | 7.20% |
| B | Pershing LLC | | | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | P.O. Box 2052 | | | 9785 Towne Centre Drive | | | | Jersey City, NJ 07303-2052 | 11,348.164 | 16.86% | San Diego, CA 92121-1968 | 12,178.321 | 28.92% |
| B | National Financial Services, LLC | | | National Financial Services, LLC | | | | FBO its customers | | | FBO its customers | | | | 499 Washington BLVD | | | 499 Washington BLVD | | | | Jersey City, NJ 07310 | 5,902.063 | 8.77% | Jersey City, NJ 07310 | 4,597.813 | 10.92% |
| B | Michael Flaherty | | | Pershing LLC | | | | 6103 Gulick Rd | | | P.O. Box 2052 | | | | Naples, NY 14512 | 4,657.946 | 6.92% | Jersey City, NJ 07303-2052 | 4,036.735 | 9.59% |
| B | Jesse Allen | | | | C | | Anne Bonczek | | | | 3 Parkwood CT | | | 81 Redfield Street | | | | Streamwood, IL 60107-2244 | 3,673.343 | 5.46% | Tunkhannock, PA 18657 | 2,489.172 | 12.07% |
| C | Roseman Dental | | | Edward Jones & Co. | | | | A/C Peter Rosenman | | | 12555 Manchester Road | | | | 328 Greenbank Rd. | | | Saint Louis, MO 63131 | 1,562.698 | 7.58% | | Bryn Mawr, PA 19010-1619 | 7,308.334 | 16.72% |
| C | | Jennifer Sackett | | |
|
| PO Box 514 | | | | | Wyallsing, PA 18853 | 1,499.825 | 7.27% |
| |
| C | | Joshua Parkhurst | | | | | 1586 Steam Mill Hollow Rd | | | | | Laceyville, PA 18623 | 1,412.998 | 6.85% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | C | Beavercreek City Schools | | | Jeffrey Carver | | | | A/C Staci Auer | | | | | 4286 Bristol DR | | | | | Beavercreek, OH 45440 | 4,723.720 | 10.81% | |
| | C | Beavercreek City Schools | | | | | A/C Nicola T/ Moorehead | | | | | 2389 Brown Bark Drive | | | | | Beavercreek, OH 45440 | 3,626.977 | 8.30% | |
| | C | CVS Thoracic & Cardiovascular | | | | | A/C John Limoli | | | | | 11743 W 27th Drive | | | | | Lakewood, CO 80215 | 3,623.858 | 8.29% | |
| | C | Melissa McGinness | | | | | Beneficiary of John McClary | | | | | 1586 Midvale Ave | | | 225 Glen Road | | | | Los Angeles, CA 90024 | 2,679.177 | 6.13% | Camp Hill, PA 17011 | 1,267.082 | 6.14% |
| C | Beavercreek City Schools | | | Diabetes Management & Supplies | | | | A/C Tammy Horney | | | c/o Terry Miller | | | | 7700 Tanyard Rd | | | 4913 Steele Street | | | | Yellow Spgs, OH 45387 | 2,189.888 | 5.01% | Metairie, LA 70006 | 1,032.754 | 5.01% |
| M | Keansburg Board of Education | | | Keansburg Board of Education | | | | A/C Catherine Callaghan | | | A/C Dana Florio | | | | PO Box 547 | | | 71 Galloping Drive | | | | Red Bank, NJ 07701 | 1,235.512 | 20.84% | Belford, NJ 07718 | 701.372 | 24.12% |
| M | National Financial Services, LLC | | | Phoenix Data Systems | | | | FBO its customers | | | A/C Sushma Krishnaswamy | | | | 499 Washington BLVD | | | 398 Daylily Dr | | | | Jersey City, NJ 07310 | 1,218.189 | 20.55% | Rochester Hills, MI 48307 | 561.796 | 19.32% |
| M | David Pinckley | | | Simi Valley Unified School District | | | | 2622 Toyon Way | | | A/C Karen Linn | | | | Yuba City, CA 95993 | 715.235 | 12.07% | 6043 Mescallero Pl | | |
|
| Simi Valley, CA 93063 | 365.344 | 12.56% |
| |
| M | Barbara Boyd | | | Township High School District 211 | | | | A/C Anthony Tosh | | | | 4060 Vitobello CT | | | 849 W Saint John Pl | | | | Kingman AZ 86401 | 524.786 | 8.85% | Palatine, IL 60067 | 312.335 | 10.74% |
| M | Steven Arizaga | | | Keansburg Board of Education | | | | For Kennedy Arizaga | | | A/C Theresa Konor | | | | 6734 E. Mission Street | | | 2 Addison Road | | | | Yuma, AZ 85365 | 386.144 | 6.51% | Howell, NJ 07731 | 255.785 | 8.80% |
| M | Christopher Lynch | | | Keansburg Board of Education | | | | 451 Broadway | | | A/C Tara Kukulski | | | | Lynn, MA 01904 | 376.013 | 6.34% | 434 Middlewood Road | | |
|
| Middletown, NJ 07748 | 181.798 | 6.25% |
| |
| M | STEP | | | Mary Lowell | | | | A/C Folly Nelson | | | 3451 N Apache St | | | | PO Box 121 | | | Kingman, AZ 86401 | 152.939 | 5.26% | | Grass Range, MT 59032 | 309.234 | 5.22% |
|
| | R [ ] | Great-West Trust Company, | | | | | Recordkeeper for various | | | | R** | | Great-West Trust Company, Recordkeeper | | | benefit plans | 123,637.421 | 34.17% | for various benefit plans | 54,715.621 | 30.41% |
| R | ING National Trust FBO | | | MG Trust Company Cust | | | | | FBO Rincon Band of Luiseno Indians | | | 1 Orange Way | | | 700 17th St., Ste. 300 | | | | Windsor, CY 06095 | 41,352.521 | 11.43% | Denver, CO 80202-3531 | 12,056.373 | 6.70% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | Midwest Maintenance Co Inc. | | | IHS Pharmacy | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 20,692.667 | 5.72% | Denver, CO 80202-3531 | 11,029.558 | 6.13% |
| Y [ ] | Great-West Trust Company, LLC — | | | Y** | | Great-West Trust Company, LLC — | | | The Putnam Retirement Plan | 423,602.284 | 71.09% | The Putnam Retirement Plan | 216,863.078 | 74.78% |
| Y [ ] | UGL Services UNICCO Operations 52,633.492 | 8.83% | | Y* | | UGL Services UNICCO Operations | 43,718.980 | 15.07% |
| Y [ ] | UGL Services UNICCO Operations 36,284.991 | 6.09% | | Putnam RetirementReady 2035 Fund | | Putnam RetirementReady 2035 Fund | | | A** | | Great West Trust | | |
|
| Company, LLC FBO | 122,624.934 | 16.11% | Putnam RetirementReady 2025 Fund | | | | A [ ] | Great-West Trust Company, | | | |
| |
| A | | National Financial Services, LLC | | | | Recordkeeper for various | | | FBO its customers | | | | benefit plans | 301,059.352 | 23.53% | 499 Washington Blvd. | | |
|
| Jersey City, NJ 07310 | 106,540.895 | 14.00% | A | National Financial Services, LLC | | | |
| |
| A* | | IBEW Local 40 | 49,380.111 | 6.49% |
| |
| A* | | Livewire Mobile Inc. | 39,883.551 | 5.24% |
| |
| B | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 6,918.411 | 13.15% |
| |
| B | | Alessandra Nardi | | | | | 2028 Parker Street | | | | | Berkeley, CA 94704 | 3,693.308 | 7.02% |
| |
| B | | LPL Financial | | | | FBO its customers | | | Attn: Lindsay O’Toole | | | | 499 Washington BLVD | | | 9785 Towne Centre Drive | | | | Jersey City, NJ 07310 | 134,258.843 | 10.49% | San Diego, CA 92121-1968 | 3,620.081 | 6.88% |
| B | National Financial Services, LLC | | | Patrick Keenan | | | | FBO its customers | | | 785 Keller Pkwy | | | | 499 Washington BLVD | | | Saint Paul, MN 55117 | 2,679.715 | 5.09% | | Jersey City, NJ 07310 | 7,891.382 | 14.17% |
|
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam RetirementReady 2025 Fund (cont.) | | | B | Memorial Medical Center (IL) | | | | | A/C Kathy S. Lee | | | | | 2500 E. Lake Shore Dr. | | | | | Springfield, IL 62712-5500 | 5,178.830 | 9.30% | |
| | C | Frontier TRCO FBO | | | | | Debra Sutton P.A. 401(k) plan | | | | | PO Box 10758 | | | | | Fargo, ND 58106 | 4,428.822 | 9.29% | |
| | C | North Dakota State University | | | | | A/C Charlene D. Goodyear | | | | | 2218 7th Street N | | | | | Fargo, ND 58102 | 3,382.254 | 7.10% | |
| | C | Beavercreek City Schools | | | | | A/C Carol M. Wade | | | | | 3544 Knollwood Dr | | | | | Beavercreek, OK 45432-2318 | 3,319.281 | 6.96% | |
| | Putnam RetirementReady 2035 Fund (cont.) | | Putnam RetirementReady 2035 Fund (cont.) | | C | Roseman Dental | | | MG Trust Company Cust | | | | A/C Judith Vivian | | | Gartner Anesthesia PLLC | | | | 1075 Balsam Way | | | 700 17th St., Ste. 300 | | | | Blue Bell, PA 19422 | 2,902.262 | 6.09% | Denver, CO 80202-3531 | 5,982.664 | 21.00% |
| C | Pershing, LLC | | | Merritt Swartley | | | | 1 Pershing Plaza | | | 3684 N Sawgrass Way | | | | Jersey City, NJ 07399-0001 | 2,855.682 | 5.99% | Boise, ID 83704 | 2,286.067 | 8.03% |
| C | LPL Financial | | | Dushore Grocery Inc | | | | Attn: Lindsay O’Toole | | | A/C Justin Haas | | | | 9785 Towne Centre Drive | | | 15768 SR 87 | | | | San Diego, CA 92121-1968 | 2,589.786 | 5.43% | Dushore, PA 18604 | 1,517.957 | 5.33% |
| C | H. Felde Tool & Machine Co. | | | Dushore Grocery Inc | | | | A/C Edgar Soler | | | A/C Kristin Haas | | | | 608 Prince Street | | | 15768 SR 87 | | | | Pekin, IL 615540 | 2,529.281 | 5.31% | Dushore, PA 18604 | 1,516.786 | 5.32% |
| M | David Sayers | | | Timothy McDonough | | | | 39 Commonwealth Avenue | | | 26 Green Street | | | | Haverhill, MA 01830 | 4,428.822 | 9.29% | Rockland, MA 02370 | 5,895.811 | 42.37% |
| M | National Financial Services, LLC | | | Fairfield Public Schools | | | | FBO its customers | | | A/C Steven Blumenthal | | | | 499 Washington BLVD | | | 49 Winchester Ave | | | | Jersey City, NJ 07310 | 3,382.254 | 7.10% | North Haven, CT 06473 | 5,444.637 | 39.13% |
| M | Betsy McCarthy | | | Putnam LLC | | | | 112 Roth St | | | One Post Office Sq. | | | | Houston, PA 15842 | 3,319.281 | 6.96% | Boston, MA 02109-2106 | 1,227.724 | 8.82% |
| M | Betsy McCarthy | | | | | Benefit of Zigmund Roskowski | | | | | 112 Roth St | | | | | Houston, PA 15842 | 2,902.262 | 6.09% | |
| | M | Herman Zeller | | | | | 1941 Pamela Street | | | | | Oxnard, PA 93036 | 2,855.682 | 5.99% | |
| | R [ ] | Great-West Trust Company, | | | | R** | | Great-West Trust Company, | | | | Recordkeeper for various | | | Recordkeeper for various | | | | benefit plans | 96,193.633 | 35.68% | benefit plans | 69,502.290 | 29.79% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | Journey Communications | | | HIS Pharmacy | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 27,589.119 | 10.23% | Denver, CO 80202-3531 | 24,209.986 | 10.38% |
| R | MG Trust Company Cust | | | MG Trust Company Cust | | | | Escoe Companies | | | One Fish Two Fish Inc Employees | | | | 700 17th St., Ste. 300 | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-353112.95 | 19,537.174 | 7.25% | Denver, CO 80202-3531 | 15,477.330 | 6.63% |
| Y [ ] | Great-West Trust Company, LLC — | | | R | | MG Trust Company Cust | | | | The Putnam Retirement Plan | 389,080.271 | 61.10% | United Smiles PC | | |
|
| 700 17th St., Ste. 300 | | | Y [ ] | UGL Services UNICCO Operations146,021.196 | 22.93% | |
|
| Denver, CO 80202-3531 | 15,126.077 | 6.48% | Y [ ] | UGL Services UNICCO Operations 38,809.058 | 6.09% | |
| Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 370,491.849 | 72.50% |
| |
| Y* | | UGL Services | | | | | UNICCO Operations | 113,233.490 | 22.16% |
| |
| Putnam RetirementReady 2030 Fund | | Putnam RetirementReady 2030 Fund | | | A** | | Great-West Trust Company, | | | | | Recordkeeper for various | | | | | benefit plans | 195,808.348 | 18.82% |
| |
| A | | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 79,212.666 | 7.61% |
| |
| B | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 11,348.164 | 16.86% |
| |
| B | | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 5,902.063 | 8.77% |
| |
| B | | Michael Flaherty | | | | | 6103 Gulick Rd | | | | | Naples, NY 14512 | 4,657.946 | 6.92% |
| |
| B | | Jesse Allen | | | | | 3 Parkwood CT | | | | | Streamwood, IL 60107-2244 | 3,673.343 | 5.46% |
| |
| C | | Roseman Dental | | | | | A/C Peter Rosenman | | | | | 328 Greenbank Rd. | | | | | Bryn Mawr, PA 19010-1619 | 7,308.334 | 16.72% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | | Putnam RetirementReady 2020 Fund | | | | A [ ] | Great West Trust | | | | | Company, LLC FBO | 245,308.890 | 18.57% | |
| | A | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 73,860.103 | 5.59% | |
| | B | Jewish Senior Life | | | | | A/C Daniel Katz | | | | | 438 Sundance Trl | | | | | Webster, NY 14580 | 6,250.103 | 8.42% | |
| | B | Johnson City School District | | | | | A/C Cathy M. Botts | | | | | 109 Chestnut Ridge Dr. | | | | | Jonesborough, TN 37659-7457 | 5,095.772 | 6.86% | |
| | B | Connetquot School of Islip | | | | | A/C Jane E. Murphy | | | | | 12 Franklin Road | | | | | Oakdale, NY 11769-2223 | 4,784.226 | 6.44% | |
| | B | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Drive | | | | | San Diego, CA 92121-1968 | 4,596.438 | 6.19% | |
| | B | Guita Ghaditi, MD | | | | | 795 Rosewood Lane | | | | | York, PA 17403-5917 | 4,179.925 | 5.63% | |
| | C | Wells Fargo Advisors | | | | | Special Custody Acct For the Exclusive | | | | Benefit of its Customers | | | | | 2801 Market St | | | | | Saint Louis, MO 63103 | 8,797.992 | 12.93% | |
| C | Beavercreek City Schools | | | Beavercreek City Schools | | | | A/C Mary K. Hunsaker | | | A/C Staci Auer | | | | 1837 Andrea Circle | | | 4286 Bristol DR | | | | Beavercreek, OH 45434 | 6,654.582 | 9.78% | Beavercreek, OH 45440 | 4,723.720 | 10.81% |
| C | Fairfield Board OF Education | | | Beavercreek City Schools | | | | A/C Eileen Frankel | | | A/C Nicola T. Moorehead | | | | 9 Katy Lane | | | 2389 Brown Bark Drive | | | | Norwalk, CT 06851 | 4,337.145 | 6.37% | Beavercreek, OH 45440 | 3,626.977 | 8.30% |
| C | Mark Hall | | | CVS Thoracic & Cardiovascular | | | | | A/C John Limoli | | | | 5121 N Bank Road | | | 11743 W 27th Drive | | | | Crescent City, CA 955231 | 4,074.055 | 5.99% | Lakewood, CO 80215 | 3,623.858 | 8.29% |
| C | Bridgeport CT Board OF Education | | Melissa McGinness | | | | A/C Gidalia Olivera | | | Beneficiary of John McClary | | | | 29 Nature Lane | | | 1586 Midvale Ave | | | | Shelton, CT 06484-4220 | 3,785.659 | 5.56% | Los Angeles, CA 90024 | 2,679.177 | 6.13% |
| C | Beavercreek City Schools | | | Beavercreek City Schools | | | | A/C Sharon Geise | | | A/C Tammy Horney | | | | 542 Colonial Drive | | | 7700 Tanyard Rd | | | | Beavercreek OH 45434 | 3,562.733 | 5.24% | Yellow Spgs, OH 45387 | 2,189.888 | 5.01% |
| M | Ouachita Parish School District | | | Keansburg Board of Education | | | | A/C Eddie E. Mahoney | | | A/C Catherine Callaghan | | | | 101 N. Willow BND | | | PO Box 547 | | | | Monroe, LA 71203-9615 | 3,176.603 | 38.17% | Red Bank, NJ 07701 | 1,235.512 | 20.84% |
| M | Albert Barker | | | National Financial Services, LLC | | | | PO Box 703 | | | FBO its customers | | | | Bordertown, NJ 08505 | 970.957 | 11.67% | 499 Washington BLVD | | |
|
| Jersey City, NJ 07310 | 1,218.189 | 20.55% | M | Barbara Schenck | | | | | 705 E Drake Rd; Apt 50 | | | | | Fort Collins, CO 80525 | 524.564 | 6.30% | |
| M | Albert Barker | | | David Pinckley | | | | PO Box 703 | | | 2622 Toyon Way | | | | Bordertown, NJ 08505 | 523.671 | 6.29% | Yuba City, CA 95993 | 715.235 | 12.07% |
| M | Frederick Watkins | | | Barbara Boyd | | | | 91 Bellhaven Chase CT | | | 4060 Vitobello CT | | | | Mableton, GA 30126-5959 | 501.654 | 6.03% | Kingman AZ 86401 | 524.786 | 8.85% |
| M | California State University Fullerton | | Steven Arizaga | | | | A/C Brett Fisher | | | For Kennedy Arizaga | | | | 1548 E. Brookdale Pl | | | 6734 E. Mission Street | | | | Fullerton, CA 92831 | 478.003 | 5.74% | Yuma, AZ 85365 | 386.144 | 6.51% |
| M | | Christopher Lynch | | | | | 451 Broadway | | | | | Lynn, MA 01904 | 376.013 | 6.34% |
| |
| M | | STEP | | | | | A/C Folly Nelson | | | | | PO Box 121 | | | | | Grass Range, MT 59032 | 309.234 | 5.22% |
| |
| R** | | Great-West Trust Company, | | | | | Recordkeeper for various | | | | | benefit plans | 123,637.421 | 34.17% |
| |
| R | | ING National Trust FBO | | | | | 1 Orange Way | | | | | Windsor, CY 06095 | 41,352.521 | 11.43% |
| |
| R | | MG Trust Company Cust | | | | | Midwest Maintenance Co Inc. | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 20,692.667 | 5.72% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 423,602.284 | 71.09% |
| |
| Y* | | UGL Services UNICCO Operations | 88,918.483 | 14.92% |
| |
| Putnam RetirementReady 2025 Fund | | Putnam RetirementReady 2025 Fund | | | A** | | Great-West Trust Company, | | | | | Recordkeeper for various | | | | | benefit plans | 301,059.352 | 23.53% |
| |
| A | | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 134,258.843 | 10.49% |
| |
| B | | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 7,891.382 | 14.17% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam RetirementReady 2020 Fund (cont.) | | | R [ ] | Great-West Trust Company, Recordkeeper | | | | for various benefit plans | 157,432.851 | 56.40% | |
| | Y [ ] | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 175,099.488 | 47.45% | |
| | Y [ ] | UGL Services UNICCO | | | | | Operations | 140,758.397 | 38.14% | |
| | Putnam RetirementReady 2015 Fund | | | | A [ ] | Great-West Trust Company, LLC — | | | | Recordkeeper for various plans | 178,667.001 | 18.39% | |
| | Putnam RetirementReady 2025 Fund (cont.) | | Putnam RetirementReady 2025 Fund (cont.) | | B | LPL Financial | | | Memorial Medical Center (IL) | | | | Attn: Lindsay O’Toole | | | A/C Kathy S. Lee | | | | 9785 Towne Centre Drive | | | | | San Diego, Ca 92121-1358 | 14,054.419 | 31.11% | |
| | B | UMB Bank na c/f | | | | | FBO Marcia Kaminker | | | | | 81 Davidson S Mill Rd | | | | | N. Brunswick, NJ 08902 | 3,778.234 | 8.36% | |
| | B | UMB Bank na c/f | | | | | FBO Marcia Kaminker | | | | | 81 Davidson S Mill Rd | | | | | N. Brunswick, NJ 08902 | 3,662.034 | 8.11% | |
| | B | Wells Fargo Advisors | | | | | FBO Customer Accounts | | | | | 2801 market street | | | | | saint louis, mo 63103 | 3,134.566 | 6.94% | |
| | B | Sahodree Thakurdin | | | | | 17 Big Horn Drive | | | | | Palm Coast, FL 32137-3719 | 2,722.021 | 6.03% | |
| | B | Anne Albone | | | | | 112 Bear Creek Path | | | 2500 E. Lake Shore Dr. | | | | Ormond Beach, FL 32174-8790 | 2,412.244 | 5.34% | Springfield, IL 62712-5500 | 5,178.830 | 9.30% |
| C | Beavercreek City Schools | | | Frontier TRCO FBO | | | | A/C Erin E. Klingler | | | Debra Sutton P.A. 401(k) plan | | | | 1646 Turner Rd | | | PO Box 10758 | | | | Xena, OH 45385 | 3,713.087 | 15.62% | Fargo, ND 58106 | 4,428.822 | 9.29% |
| C | Pershing, LLC | | | North Dakota State University | | | | | A/C Charlene D. Goodyear | | | | | 2218 7th Street N | | | | | Fargo, ND 58102 | 3,382.254 | 7.10% |
| |
| C | | Beavercreek City Schools | | | | | A/C Carol M. Wade | | | | 1 Pershing Plaza | | | 3544 Knollwood Dr | | | | Jersey City, NJ 07399-0001 | 3,384.104 | 14.23% | Beavercreek, OK 45432-2318 | 3,319.281 | 6.96% |
| C | Wright State University | | | Roseman Dental | | | | A/C John L. Bale | | | A/C Judith Vivian | | | | 10223 Simms Station Road | | | 1075 Balsam Way | | | | Dayton, OH 45458-9528 | 2,941.171 | 12.37% | Blue Bell, PA 19422 | 2,902.262 | 6.09% |
| C | Judy Smith | | | Pershing, LLC | | | | 57 Mill Street | | | 1 Pershing Plaza | | | | East Haven, CT 06512 | 1,827.164 | 7.68% | Jersey City, NJ 07399-0001 | 2,855.682 | 5.99% |
| C | Beavercreek City Schools | | | LPL Financial | | | | A/C Caye Black | | | Attn: Lindsay O’Toole | | | | 2011 Wentworth Village Drive | | | 9785 Towne Centre Drive | | | | Bellbrook, OH 45385 | 1,618.117 | 6.80% | San Diego, CA 92121-1968 | 2,589.786 | 5.43% |
| C | Beavercreek City Schools | | | H. Felde Tool & Machine Co. | | | | A/C Pandora Boos | | | A/C Edgar Soler | | | | 221 Wistowa TRL | | | 608 Prince Street | | | | Beavercreek, OH 454310-2015 | 1,312.100 | 5.52% | Pekin, IL 615540 | 2,529.281 | 5.31% |
| M | Joyce Webb Shanower & Alisa Sedacca | | David Sayers | | | | Bene of Frank Shanower SEP IRA | | | 39 Commonwealth Avenue | | | | 6365 Brookline CT | | | Haverhill, MA 01830 | 3,757.891 | 31.15% | | Cumming, GA 30040 | 1,732.363 | 20.22% |
| M | | National Financial Services, LLC | | |
|
| FBO its customers | | | M | Steven Arizaga | | | | | 6734 E. Mission Street | | | 499 Washington Blvd. | | | | Yuma, AZ 85365 | 1,290.659 | 15.07% | Jersey City, NJ 07310 | 2,477.148 | 20.53% |
| M | Jack Hallack | | | Betsy McCarthy | | | | 10120 Arrowhead Dr. Apt 7 | | | 112 Roth St | | | | Jacksonville, FL 32257 | 755.647 | 8.82% | Houston, PA 15842 | 1,130.566 | 9.37% |
| M | Carbondale Elem School District No 956 | | Betsy McCarthy | | | | A/C Margaret L. Mayberry | | | Benefit of Zigmund Roskowski | | | | 7843 Giant City Road | | | 112 Roth St | | | | PO Box 2941 | | | Houston, PA 15842 | 1,067.452 | 8.85% | | Carbondale, IL 62902 | 750.088 | 8.76% |
|
| | M | Robin Bodkins | | | Herman Zeller | | | | PO Box 1148 | | | 1941 Pamela Street | | | | Kingman, AZ 86402 | 742.911 | 8.67% | Oxnard, PA 93036 | 689.377 | 5.71% |
| R** | | Great-West Trust Company, | | | | | Recordkeeper for various | | | | | benefit plans | 96,193.633 | 35.68% |
| |
| R | | MG Trust Company Cust | | | | | Journey Communications | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 27,589.119 | 10.23% |
| |
| R | | MG Trust Company Cust | | | | | Escoe Companies | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3304 | 19,537.174 | 7.25% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 389,080.271 | 61.10% |
| |
| Y* | | UGL Services | | | | | UNICCO Operations | 184,829.240 | 29.02% |
| |
| Putnam RetirementReady 2020 Fund | | Putnam RetirementReady 2020 Fund | | | A** | | Great West Trust | | | | | Company, LLC FBO | 245,308.890 | 18.57% |
| |
| A | | National Financial Services, LLC | | | | | FBO its customers | | | | | 499 Washington BLVD | | | | | Jersey City, NJ 07310 | 73,860.103 | 5.59% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | M | Herman Zeller | | | | | 1941 Pamela Street | | | | | Oxnard, CA 93036 | 639.385 | 7.46% | |
| | M | Peter Shkrutz | | | | | 1 Birch Street | | | | | Milltown, NJ 08850 | 498.189 | 5.82% | |
| | M | Pamela Shinogle | | | | | 3533 S. Bear Creek Road | | | | | Kaw City OK 74641-9613 | 449.744 | 5.25% | |
| | R [ ] | Great West Trust | | | | | Company, LLC FBO | 68,746.102 | 38.07% | |
| | R | MG Trust Company Cust | | | | | Silver Lake Construction Inc. | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 30,797.118 | 17.06% | |
| | R | ING National Trust FBO | | | | | 1 Orange Way | | | | | Windsor, CT 06095 | 10,195.605 | 5.65% | |
| | R | MG Trust Company Cust | | | | | Jack Ouio CPA | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 9,432.394 | 5.22% | |
| | Y [ ] | UGL Services UNICCO Operations 97,301.228 | 39.76% | |
| | Y [ ] | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 84,586.100 | 34.56% | |
| | Y [ ] | UGL Services UNICCO Operations 34,818.214 | 14.23% | |
| | Putnam Retirement Income Fund Lifestyle 1 | | | A [ ] | Great-West Trust Company, LLC — | | | | Recordkeeping for various | | | | | benefit plans | 74,467.168 | 8.59% | |
| | A* | IBEW Local 40 NECA 401K Plan | 57,852.643 | 6.68% | |
| | A | National Financial Services, LLC | | | | B | | Jewish Senior Life | | | | FBO its customers | | | A/C Daniel Katz | | | | 499 Washington Blvd | | | 438 Sundance Trl | | | | Jersey City, NJ 07310 | 46,481.508 | 5.36% | Webster, NY 14580 | 6,250.103 | 8.42% |
| B | Dunkelberg McLinley Folkers Walk | | | Johnson City School District | | | | A/C Michelle Grimm | | | A/C Cathy M. Botts | | | | 3019 360th St | | | 109 Chestnut Ridge Dr. | | | | Osage, IA 50461 | 2,482.247 | 24.30% | Jonesborough, TN 37659-7457 | 5,095.772 | 6.86% |
| B | Pershing LLC | | | Connetquot School of Islip | | | | I Pershing Plaza | | | A/C Jane E. Murphy | | | | Jersey City, NJ 07303 | 1,974.561 | 19.33% | 12 Franklin Road | | |
|
| Oakdale, NY 11769-2223 | 4,784.226 | 6.44% |
| |
| B | Victor Matheiu | | | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | 1133 N Grand St | | | 9785 Towne Centre Drive | | | | West Suffield, CT 06093 | 1,359.130 | 13.30% | San Diego, CA 92121-1968 | 4,596.438 | 6.19% |
| B | Hua Hsing Wei | | | Guita Ghaditi, MD | | | | 9146 Emperor Ave | | | 795 Rosewood Lane | | | | San Gabriel, CA 91775 | 897.493 | 8.78% | York, PA 17403-5917 | 4,179.925 | 5.63% |
| B | Mabel Adams | | | | C | | Wells Fargo Advisors | | | | | Special Custody Acct For the Exclusive | | | | Benefit of its Customers | | | | | 2801 Market St | | | | | Saint Louis, MO 63103 | 8,797.992 | 12.93% |
| |
| C | | Beavercreek City Schools | | | | | A/C Mary K. Hunsaker | | | | 2012 N. 24th St. | | | 1837 Andrea Circle | | | | Boise, ID 83702-0205 | 891.923 | 8.73% | Beavercreek, OH 45434 | 6,654.582 | 9.78% |
| C | LPL Financial | | | Fairfield Board OF Education | | | | Attn: Lindsay O’Toole | | | A/C Eileen Frankel | | | | 9785 Towne Centre Drive | | | 9 Katy Lane | | | | San Diego, CA 92121-1358 | 6,979.686 | 17.68% | Norwalk, CT 06851 | 4,337.145 | 6.37% |
| C | Otto Eachus | | | Mark Hall | | | | 4805 Mason Dr | | | 5121 N Bank Road | | | | Boswell, NM 882011 | 4,113.559 | 10.42% | Crescent City, CA 955231 | 4,074.055 | 5.99% |
| C | Joseph Skinner | | | Bridgeport CT Board OF Education | | | 10824 Via Cascabel | | | A/C Gidalia Olivera | | | | San Diego, CA 92124 | 2,658.052 | 6.73% | 29 Nature Lane | | |
|
| Shelton, CT 06484-4220 | 3,785.659 | 5.56% |
| |
| C | San Diego Unified School Dist. | | | Beavercreek City Schools | | | | A/C Veronica Bowen | | | A/C Sharon Geise | | | | 12031 Obispo Rd | | | 542 Colonial Drive | | | | San Diego, CA 92128 | 2,463.130 | 6.24% | Beavercreek OH 45434 | 3,562.733 | 5.24% |
| C | Pershing LLC | | | | M | | Ouachita Parish School District | | | | I Pershing Plaza | | | A/C Eddie E. Mahoney | | | | Jersey City, NJ 07303 | 2,460.894 | 6.23% | 101 N. Willow BND | | |
|
| Monroe, LA 71203-9615 | 3,176.603 | 38.17% | C | Jan Richards | | | |
| |
| M | | Barbara Schenck | | | | 1100 De Bremond Drive | | | 705 E Drake Rd; Apt 50 | | | | Roswell, NM 88201-1110 | 2,070.512 | 5.25% | Fort Collins, CO 80525 | 524.564 | 6.30% |
| M | | Albert Barker | | | | | PO Box 703 | | | | | Bordertown, NJ 08505 | 1,494.628 | 17.96% |
| |
| M | | Frederick Watkins | | | | | 91 Bellhaven Chase CT | | | | | Mableton, GA 30126-5959 | 501.654 | 6.03% |
| |
| M | | California State University Fullerton | | | | A/C Brett Fisher | | | | | 1548 E. Brookdale Pl | | | | | Fullerton, CA 92831 | 478.003 | 5.74% |
| |
| R** | | Great-West Trust Company, Recordkeeper | | | | for various benefit plans | 157,432.851 | 56.40% |
| |
| Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 175,099.488 | 47.45% |
| |
| Y* | | UGL Services UNICCO | | | | | Operations | 140,758.397 | 38.14% |
| |
| Putnam RetirementReady 2015 Fund | | Putnam RetirementReady 2015 Fund | | | A** | | Great-West Trust Company, LLC — | | | | Recordkeeper for various plans | 178,667.001 | 18.39% |
| |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Retirement Income Fund Lifestyle 1 (cont.) | | M | Gene Friel | | | | 3094 Ridge Rd. | | | | South Park, PA 15129-9334 | 12,995.860 | 68.36% |
| M | Pershing LLC | | | | I Pershing Plaza | | | | Jersey City, NJ 07303 | 2,329.790 | 12.25% |
| R [ ] | Great-West Trust Company, | | | | Recordkeeper for various | | | | benefit plans | 22,149.892 | 36.52% |
| R | MG Trust Company Cust | | | | CVC Environmental Inc | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 10,430.457 | 17.20% |
| R | MG Trust Company Cust | | | | Midtown Motors Inc | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 5,165.256 | 8.52% |
| R | MG Trust Company Cust | | | | Bio-Serv Inc. Profit Sharing Plan | | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 3,586.813 | 5.91% |
| R | MG Trust Company Cust | | | | Midwest Political Science ASSOCIATION | | | 700 17th St., Ste. 300 | | | | Denver, CO 80202-3531 | 3,428.410 | 5.65% |
| Y [ ] | UGL Services UNICCO | | | | Operations | 303,133.066 | 69.90% |
| Y [ ] | Great-West Trust Company, LLC — | | | The Putnam Retirement Plan | 52,966.562 | 12.21% |
| Y [ ] | UGL Services UNICCO Operations 39,386.917 | 9.08% |
| Y [ ] | UGL Services UNICCO Operations 27,718.797 | 6.39% |
| Putnam Retirement Income Fund Lifestyle 2 | | A | Putnam LLC | | | | One Post Office Sq. | | | | Boston, MA 02109-2106 | 950,984.817 | 84.73% |
| B | Putnam LLC | | | | One Post Office Sq. | | | | Boston, MA 02109-2106 | 10,000.000 | 59.59% |
| B | UMB Bank NA C/F | | | | Pen Argyl School District 403B | | | | FBO Andrea A. Poloni | | | | 114 ½ George Street | | | | Pen Argyl, PA 18072-1736 | 4,633.902 | 27.61% |
| B | U.S. Bancorp Investments Inc | | | | FBO 230964231 | | | | 60 Livingston Ave | | | | Saint Paul, MN 55107-2292 | 2,085.753 | 12.43% |
| C | Putnam LLC | | | | One Post Office Sq. | | | | Boston, MA 02109-2106 | 10,000.000 | 43.12% |
| C | Ameritrade Inc FBO | | | | PO Box 2226 | | | | Omaha, NE 68103 | 4,863.813 | 20.97% |
| C | Duane & Vicky Madsen | | | | c/o Stacey Westbrook | | | | 1137 212th Street | | | | New Richmond, WI 54017 | 4,331.088 | 18.67% |
| C | James H. Hamlin | | | | Roth IRA Plan | | | | 1588 Turnberry CT | | | | Beaumont, CA 92223-8541 | 2,294.729 | 9.89% |
| M | Putnam LLC | | | | One Post Office Sq. | | | | Boston, MA 02109-2106 | 10,003.077 | 81.57% |
| M | Janice E. Barnhart | | | | 174 Barnhart Road | | | | Julian, PA 16844-9305 | 2,260.341 | 18.43% |
| R | Putnam LLC | | | | One Post Office Sq. | | | | Boston, MA 02109-2106 | 10,003.077 | 100.00% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam RetirementReady 2015 Fund (cont.) | | B | LPL Financial | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Drive | | | | San Diego, Ca 92121-1358 | 14,054.419 | 31.11% |
| B | UMB Bank na c/f | | | | FBO Marcia Kaminker | | | | 81 Davidson S Mill Rd | | | | N. Brunswick, NJ 08902 | 7,440.268 | 16.47% |
| B | Wells Fargo Advisors | | | | FBO Customer Accounts | | | | 2801 Market St. | | | | saint louis, mo 63103 | 3,134.566 | 6.94% |
| B | Sahodree Thakurdin | | | | 17 Big Horn Drive | | | | Palm Coast, FL 32137-3719 | 2,722.021 | 6.03% |
| B | Anne Albone | | | | 112 Bear Creek Path | | | | Ormond Beach, FL 32174-8790 | 2,412.244 | 5.34% |
| C | Beavercreek City Schools | | | | A/C Erin E. Klingler | | | | 1646 Turner Rd | | | | Xena, OH 45385 | 3,713.087 | 15.62% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 3,384.104 | 14.23% |
| C | Wright State University | | | | A/C John L. Bale | | | | 10223 Simms Station Road | | | | Dayton, OH 45458-9528 | 2,941.171 | 12.37% |
| C | Judy Smith | | | | 57 Mill Street | | | | East Haven, CT 06512 | 1,827.164 | 7.68% |
| C | Beavercreek City Schools | | | | A/C Caye Black | | | | 2011 Wentworth Village Drive | | | | Bellbrook, OH 45385 | 1,618.117 | 6.80% |
| C | Beavercreek City Schools | | | | A/C Pandora Boos | | | | 221 Wistowa TRL | | | | Beavercreek, OH 454310-2015 | 1,312.100 | 5.52% |
| M | Joyce Webb Shanower & Alisa Sedacca | | | Bene of Frank Shanower SEP IRA�� | | | | 6365 Brookline CT | | | | Cumming, GA 30040 | 1,732.363 | 20.22% |
| M | Steven Arizaga | | | | 6734 E. Mission Street | | | | Yuma, AZ 85365 | 1,290.659 | 15.07% |
| M | Jack Hallack | | | | 10120 Arrowhead Dr. Apt 7 | | | | Jacksonville, FL 32257 | 755.647 | 8.82% |
| M | Carbondale Elem School District No 956 | | | A/C Margaret L. Mayberry | | | | 7843 Giant City Road | | | | PO Box 2941 | | | | Carbondale, IL 62902 | 750.088 | 8.76% |
| M | Robin Bodkins | | | | PO Box 1148 | | | | Kingman, AZ 86402 | 742.911 | 8.67% |
| M | Herman Zeller | | | | 1941 Pamela Street | | | | Oxnard, CA 93036 | 639.385 | 7.46% |
| M | Peter Shkrutz | | | | 1 Birch Street | | | | Milltown, NJ 08850 | 498.189 | 5.82% |
| M | Pamela Shinogle | | | | 3533 S. Bear Creek Road | | | | Kaw City OK 74641-9613 | 449.744 | 5.25% |
| R** | Great West Trust | | | | Company, LLC FBO | 68,746.102 | 38.07% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Y | Putnam LLC | | | | R | | MG Trust Company Cust | | | | One Post Office Sq. | | | Silver Lake Construction Inc. | | | | Boston, MA 02109-2106 | 10,019.754 | 69.64% | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3531 | 30,797.118 | 17.06% | Y | George Putnam, III | | | |
| |
| R | | ING National Trust FBO | | | | One Post Office Square | | | 1 Orange Way | | | | Boston, MA 02109 | 1,613.384 | 11.21% | Windsor, CT 06095 | 10,195.605 | 5.65% |
| Y | Robert Patterson | | | | R | | MG Trust Company Cust | | | | One Post Office Square | | | Jack Ouio CPA | | | | Boston, MA 02109 | 1,074.479 | 7.47% | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3531 | 9,432.394 | 5.22% | Putnam Retirement Income Fund Lifestyle 3 | | | A | Pershing, LLC | | | |
| |
| Y* | | UGL Services | | | | 1 Pershing Plaza | | | UNICCO Operations | 132,119.440 | 53.99% | | Jersey City, NJ 07399-0001 | 65,606.621 | 6.25% |
| Y** | | Great-West Trust Company, LLC — | | | | The Putnam Retirement Plan | 84,586.100 | 34.56% |
| |
| Putnam Retirement Income Fund Lifestyle 1 | | Putnam Retirement Income Fund Lifestyle 1 | | A** | | Great-West Trust Company, LLC — | | | | Recordkeeping for various | | | | | benefit plans | 74,467.168 | 8.59% |
| |
| A* | | IBEW Local 40 NECA 401K Plan | 57,852.643 | 6.68% |
| A | National Financial Services LLC | | | National Financial Services, LLC | | | | For the Exclusive Benefit of Our Customers | | FBO its customers | | | | 499 Washington Blvd. | | | 499 Washington Blvd | | | | Attn: Mutual Funds Dept. 4th Fl | | | Jersey City, NJ 07310 | 46,481.508 | 5.36% | | Jersey City, NJ 07310-2010 | 62,497.179 | 5.96% |
|
| | A | LPL Financial | | | | | Omnibus Customer Account | | | | B | | Dunkelberg McLinley Folkers Walk | | | Attn: Lindsay O’Toole | | | A/C Michelle Grimm | | | | 9785 Towne Centre Dr. | | | 3019 360th St | | | | San Diego, CA 92121-1968 | 56,475.537 | 5.38% | Osage, IA 50461 | 2,482.247 | 24.30% |
| B | Pershing, LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 13,842.656 | 18.19% | Jersey City, NJ 07303 | 1,974.561 | 19.33% |
| B | Wells Fargo Advisors | | | Victor Matheiu | | | | 2801 Market St. | | | 1133 N Grand St | | | | St. Louis, MO 63103-2523 | 11,915.183 | 15.66% | West Suffield, CT 06093 | 1,359.130 | 13.30% |
| B | National Financial Services LLC | | | Hua Hsing Wei | | | | For the Exclusive Benefit of Our Customers | | 9146 Emperor Ave | | | | 499 Washington Blvd. | | | San Gabriel, CA 91775 | 897.493 | 8.78% | | Attn: Mutual Funds Dept. 4th Fl | | |
| | Jersey City, NJ 07310-2010 | 7,709.611 | 10.13% | |
| | B | Merrill Lynch | | | Mabel Adams | | | | For the Sole Benefit of its Customers | | 2012 N. 24th St. | | | | Attn: Fund Administration | | | Boise, ID 83702-0205 | 891.923 | 8.73% | | 4800 Deer Lake Drive, E FL 3 | | |
| C | | LPL Financial | | | | Jacksonville, FL 32246 | 4,478.406 | 5.89% | Attn: Lindsay O’Toole | | |
|
| 9785 Towne Centre Drive | | | B | Erminia White& Kathleen A Abruzzo JTWROS | | | | | San Diego, CA 92121-1358 | 6,979.686 | 17.68% |
| |
| C | | Otto Eachus | | | | 9005 84th St | | | 4805 Mason Dr | | | | Woodhaven, NY 11421-2418 | 4,135.291 | 5.44% | Boswell, NM 882011 | 4,113.559 | 10.42% |
| C | Pershing, LLC | | | Joseph Skinner | | | | 1 Pershing Plaza | | | 10824 Via Cascabel | | | | Jersey City, NJ 07399-0001 | 53,920.113 | 20.03% | San Diego, CA 92124 | 2,658.052 | 6.73% |
| C | LPL Financial | | | San Diego Unified School Dist. | | | | Omnibus Customer Account | | | A/C Veronica Bowen | | | | Attn: Lindsay O’Toole | | | 12031 Obispo Rd | | | | 9785 Towne Centre Dr. | | | San Diego, CA 92128 | 2,463.130 | 6.24% | | San Diego, CA 92121-1968 | 37,337.961 | 13.87% |
|
| | C | National Financial Services LLC | | | Pershing LLC | | | | For the Exclusive Benefit of Our Customers | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept. 4th Fl | | | 1 Pershing Plaza | | | | Jersey City, NJ 07310-2010 | 23,123.911 | 8.59% | Jersey City, NJ 07303 | 2,460.894 | 6.23% |
| C | Raymond James | | | Jan Richards | | | | House Account Firm 92500015 | | | 1100 De Bremond Drive | | | | Attn: Courtney Waller | | | Roswell, NM 88201-1110 | 2,070.512 | 5.25% | | 880 Carillon Pkwy | | |
| | St. Petersburg, FL 33716-1100 | 16,594.017 | 6.16% | |
| | M | Rosa L Cornelius | | | Gene Friel | | | | IRA Rollover Plan | | | | | 1949 Baja Dr. | | | 3094 Ridge Rd. | | | | Los Fresnos, TX 78566-4222 | 17,944.315 | 36.90% | South Park, PA 15129-9334 | 12,995.860 | 68.36% |
| M | Edward D Jones & Co | | | Pershing LLC | | | | Attn: Mutual Fund Shareholder Accounting | | 1 Pershing Plaza | | | | 201 Progress Pkwy | | | Jersey City, NJ 07303 | 2,329.790 | 12.25% | | Maryland Hts., MO 63043-3009 | 16,956.927 | 34.87% |
|
| | M | LPL Financial | | | | R** | | Great-West Trust Company, | | | | Omnibus Customer Account | | | Recordkeeper for various | | | | Attn: Lindsay O’Toole | | | benefit plans | 22,149.892 | 36.52% | | 9785 Towne Centre Dr. | | |
| | San Diego, CA 92121-1968 | 12,354.966 | 25.41% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Retirement Income Fund Lifestyle 1 (cont.) | | Putnam Retirement Income Fund Lifestyle 1 (cont.) | | R | | MG Trust Company Cust | | | | | CVC Environmental Inc | | | Putnam Retirement Income Fund Lifestyle 3 (cont.) | | | R | Pershing, LLC | | | | | 1 Pershing Plaza | | | 700 17th St., Ste. 300 | | | | Jersey City, NJ 07399-0001 | 227.286 | 63.32% | Denver, CO 80202-3531 | 10,430.457 | 17.20% |
| R | Putnam LLC | | | MG Trust Company Cust | | | | One Post Office Square | | | Midtown Motors Inc | | | | Boston, MA 02109 | 131.634 | 36.68% | 700 17th St., Ste. 300 | | |
|
| Denver, CO 80202-3531 | 5,165.256 | 8.52% | Y | John A Hill | | | | | 33 Avon Rd | | |
| | Bronxville, NY 10708-1601 | 33,749.973 | 32.93% | |
| | Y | Merrill Lynch | | | | R | | MG Trust Company Cust | | | | For the Sole Benefit of its Customers | | Bio-Serv Inc. Profit Sharing Plan | | | | Attn: Fund Administration | | | 700 17th St., Ste. 300 | | | | 4800 Deer Lake Drive, E FL 3 | | | Denver, CO 80202-3531 | 3,586.813 | 5.91% | | Jacksonville, FL 32246 | 14,766.451 | 14.41% |
|
| | Y | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 12,696.169 | 12.39% | |
| | Y | Dudley R Davidson Jr. IRA Plan | | | | 4004 Loon Lake Ct. | | | | | Linden, MI 48451-9456 | 8,844.458 | 8.63% | |
| | Y | Frances M Davidson IRA Plan | | | | | 4004 Loon Lake Ct. | | | | | Linden, MI 48451-9456 | 8,337.614 | 8.13% | |
| | Y | Jameson A Baxter & Reginald R Baxter JTWROS | | | | 626 Old Barn Rd | | | | | Lk Barrington, IL 60010-6203 | 6,947.077 | 6.78% | |
| | Putnam Short Duration Income Fund | | | A | UBS Wealth Management USA | | | R | | MG Trust Company Cust | | | | 0O0 11011 6100 | | | Midwest Political Science ASSOCIATION | | | Omni Account M/F | | | 700 17th St., Ste. 300 | | | | Attn: Department Manager | | | Denver, CO 80202-3531 | 3,428.410 | 5.65% | | 1000 Harbor Blvd. | | |
| Y* | | UGL Services UNICCO | | | | Weehawken, NJ 07086-6761 | 73,069,383.375 | 66.40% | Operations | 370,238.770 | 85.73% |
| A | Morgan Stanley Smith Barney | | | | Y** | | Great-West Trust Company, LLC — | | | Plaza 2, 3rd Floor | | | The Putnam Retirement Plan | 52,966.562 | 12.21% | | Jersey City, NJ 07311 | 13,891,609.866 | 12.62% |
|
| | B | Janney Montgomery Scott, LLC | | | | A/C Robert James Steele | | | | Putnam Retirement Income Fund Lifestyle 2 | | Putnam Retirement Income Fund Lifestyle 2 | | A | | Putnam LLC | | | | 1801 Market Street | | | One Post Office Sq. | | | | Philadelphia, PA 19103 | 5,760.475 | 12.13% | Boston, MA 02109-2106 | 950,984.817 | 84.73% |
| B | Terese Schroeder | | | Putnam LLC | | | | 12285 165th Ave SE | | | One Post Office Sq. | | | | Becker, MN 55308 | 4,143.921 | 8.73% | Boston, MA 02109-2106 | 10,000.000 | 59.59% |
| B | LPL Financial | | | UMB Bank NA C/F | | | | Omnibus Customer Account | | | Pen Argyl School District 403B | | | | Attn: Lindsay O’Toole | | | FBO Andrea A. Poloni | | | | 9785 Towne Centre Dr. | | | 114 ½ George Street | | | | San Diego, CA 92121-1968 | 3,959.137 | 8.34% | Pen Argyl, PA 18072-1736 | 4,633.902 | 27.61% |
| B | National Financial Services, LLC | | U.S. Bancorp Investments Inc | | | | For the Exclusive Benefit of our Customers | | FBO 230964231 | | | | 499 Washington Blvd. | | | 60 Livingston Ave | | | | Attn: Mutual Funds Dept. 4th fl | | Saint Paul, MN 55107-2292 | 2,085.753 | 12.43% | | Jersey City, NJ 07310-2010 | 2,463.132 | 5.19% |
|
| | B | Dennis & Donna Bouser | | | | C | | Putnam LLC | | | | 25 Towhee Dr | | | One Post Office Sq. | | | | Palmerton, PA 18071 | 2,458.086 | 5.18% | Boston, MA 02109-2106 | 10,000.000 | 43.12% |
| C | Morgan Stanley Smith Barney | | | Ameritrade Inc FBO | | | | Plaza 2, 3rd Floor | | | PO Box 2226 | | | | Jersey City, NJ 07311 | 196,573.287 | 26.78% | Omaha, NE 68103 | 4,863.813 | 20.97% |
| C | UBS Wealth Management USA | | Duane & Vicky Madsen | | | | 0O0 11011 6100 | | | c/o Stacey Westbrook | | | | Omni Account M/F | | | 1137 212th Street | | | | Attn: Department Manager | | | New Richmond, WI 54017 | 4,331.088 | 18.67% | | 1000 Harbor Blvd. | | |
| | Weehawken, NJ 07086-6761 | 130,863.615 | 17.83% | |
| | C | Pershing LLC | | | James H. Hamlin | | | | 1 Pershing Plaza | | | Roth IRA Plan | | | | Jersey City, NJ 07399-0001 | 104,888.560 | 14.29% | 1588 Turnberry CT | | |
|
| Beaumont, CA 92223-8541 | 2,294.729 | 9.89% |
| |
| M | | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 10,003.077 | 81.57% |
| |
| M | | Janice E. Barnhart | | | | | 174 Barnhart Road | | | | | Julian, PA 16844-9305 | 2,260.341 | 18.43% |
| |
| R | | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 10,003.077 | 100.00% |
| |
| Y | | Putnam LLC | | | | | One Post Office Sq. | | | | | Boston, MA 02109-2106 | 10,019.754 | 69.64% |
| |
| Y | | George Putnam, III | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,613.384 | 11.21% |
| |
| Y | | Robert Patterson | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,074.479 | 7.47% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| Putnam Retirement Income Fund Lifestyle 3 | | Putnam Retirement Income Fund Lifestyle 3 | | A | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 65,606.621 | 6.25% |
| |
| A | | National Financial Services LLC | | | | | For the Exclusive Benefit of Our Customers | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 62,497.179 | 5.96% |
| |
| A | | LPL Financial | | | | | Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 56,475.537 | 5.38% |
| |
| B | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 13,842.656 | 18.19% |
| |
| B | | Wells Fargo Advisors | | | | | 2801 Market St. | | | | | St. Louis, MO 63103-2523 | 11,915.183 | 15.66% |
| |
| B | | National Financial Services LLC | | | | | For the Exclusive Benefit of Our Customers | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept. 4th Fl | | | | | Jersey City, NJ 07310-2010 | 7,709.611 | 10.13% |
| |
| B | | Merrill Lynch | | | | | For the Sole Benefit of its Customers | | | | Attn: Fund Administration | | | | | 4800 Deer Lake Drive, E FL 3 | | | | | Jacksonville, FL 32246 | 4,478.406 | 5.89% |
| |
| B | | Erminia White& Kathleen A Abruzzo JTWROS | | | | 9005 84th St | | | | | Woodhaven, NY 11421-2418 | 4,135.291 | 5.44% |
| |
| C | | Pershing, LLC | | | | | 1 Pershing Plaza | | |
|
| Jersey City, NJ 07399-0001 | 53,920.113 | 20.03% | | |
| C | LPL Financial | | | LPL Financial | | | | Omnibus Customer Account | | | Omnibus Customer Account | | | | Attn: Lindsay O’Toole | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Dr. | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 60,272.475 | 8.21% | San Diego, CA 92121-1968 | 37,337.961 | 13.87% |
| C | Raymond James | | | National Financial Services LLC | | | | Attn: Courtney Waller | | | For the Exclusive Benefit of Our Customers | | | 880 Carillon Parkway | | | 499 Washington Blvd. | | | | St. Petersburg, FL 33716 | 58,443.925 | 7.96% | Attn: Mutual Funds Dept. 4th Fl | | |
|
| Jersey City, NJ 07310-2010 | 23,123.911 | 8.59% | M | UBS Wealth Management USA | | | | | 0O0 11011 6100 | | |
| C | | Raymond James | | | | Omni Account M/F | | | House Account Firm 92500015 | | | | Attn: Department Manager | | | Attn: Courtney Waller | | | | 1000 Harbor Blvd. | | | 880 Carillon Pkwy | | | | Weehawken, NJ 07086-6761 | 48,829.874 | 44.04% | St. Petersburg, FL 33716-1100 | 16,594.017 | 6.16% |
| M | Morgan Stanley Smith Barney | | | Rosa L Cornelius | | | | Plaza 2, 3rd Floor | | | IRA Rollover Plan | | | | Jersey City, NJ 07311 | 26,442.901 | 23.85% | 1949 Baja Dr. | | |
|
| Los Fresnos, TX 78566-4222 | 17,944.315 | 36.90% |
| |
| M | Timothy & Candice McDermitt | | | Edward D Jones & Co | | | | 2651 Terrace Dr | | | Attn: Mutual Fund Shareholder Accounting | | | Honolulu, HI 96822 | 10,360.759 | 9.34% | 201 Progress Pkwy | | |
|
| Maryland Hts., MO 63043-3009 | 16,956.927 | 34.87% |
| |
| M | Anne Marie & Denis Quagliariello | | LPL Financial | | | | | Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | 2309 Poplar Rd | | | 9785 Towne Centre Dr. | | | | Havertown, PA 19083 | 5,940.840 | 5.36% | San Diego, CA 92121-1968 | 12,354.966 | 25.41% |
| R | Morgan Stanley Smith Barney | | | Pershing, LLC | | | | Plaza 2, 3rd Floor | | | 1 Pershing Plaza | | | | Jersey City, NJ 07311 | 57,932.976 | 46.94% | Jersey City, NJ 07399-0001 | 227.286 | 63.32% |
| R | Frontier TRCO FBO | | | Putnam LLC | | | | Dr. Michael Schwartz PS Plan 59 | | One Post Office Square | | | | PO Box 11758 | | | Boston, MA 02109 | 131.634 | 36.68% | | Fargo, ND 58106 | 26,445.519 | 21.43% |
|
| | R | Frontier TRCO FBO | | | | | Central Texas Hospitalists | | | | | PO Box 11758 | | | | | Fargo, ND 58106 | 18,383.581 | 14.90% | |
| | R | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 10,027.572 | 8.13% | |
| | R5 | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,006.041 | 100.00% | |
| | R6 [ ] | Great-West Trust | | | | | Company, LLC FBO | 34,688.276 | 97.18% | |
| | Y | Morgan Stanley Smith Barney | | | John A Hill | | | | Plaza 2, 3rd Floor | | | 33 Avon Rd | | | | Jersey City, NJ 07311 | 7,335,479.158 | 44.87% | Bronxville, NY 10708-1601 | 33,749.973 | 32.93% |
| Y | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,890,941.385 | 11.57% | |
| | Y | Raymond James | | | | | Attn: Courtney Waller | | | | | 880 Carillon Parkway | | | | | St. Petersburg, FL 33716 | 1,860,827.674 | 11.38% | |
| | Y | National Financial Services, LLC | | | | | For the Exclusive Benefit | | | | | of our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept. 4th fl | | | | | Jersey City, NJ 07310-2010 | 1,608,458.568 | 9.84% | |
| | Y | LPL Financial | | | | | Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 7,335,479.158 | 44.87% | |
| | Putnam Short Term Investment Fund | | | P | Putnam Dynamic Asset | | | | | Allocation-Growth Fund | [ ] | 9.26% | |
| | P | Putnam Dynamic Asset | | | | | Allocation-Balanced Fund | [ ] | 7.42% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | Putnam Short Term Investment Fund (cont.) | | | | P | Putnam Equity Income Fund | [ ] | 7.32% | |
| | P | The Putnam Fund for Growth Income | [ ] | 7.11% | |
| | P | Putnam Capital Spectrum Fund | [ ] | 5.95% | |
| | P | The George Putnam of Boston | | | | Putnam Retirement Income Fund Lifestyle 3 (cont.) | | Putnam Retirement Income Fund Lifestyle 3 (cont.) | | Y | | Merrill Lynch | | | | d/b/a George Putnam Balanced Fund | [ ] | 5.66% | For the Sole Benefit of its Customers | |
|
| Attn: Fund Administration | | | P | Putnam Equity Spectrum Fund | [ ] | 5.34% | |
|
| 4800 Deer Lake Drive, E FL 3 | | | Putnam Short-Term Municipal Income Fund | | | | | | Jacksonville, FL 32246 | 14,766.451 | 14.41% |
| |
| Y** | | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 12,696.169 | 12.39% |
| |
| Y** | | Dudley R Davidson Jr. IRA Plan | | | | 4004 Loon Lake Ct. | | | | | Linden, MI 48451-9456 | 8,844.458 | 8.63% |
| |
| Y | | Frances M Davidson IRA Plan | | | | | 4004 Loon Lake Ct. | | | | | Linden, MI 48451-9456 | 8,337.614 | 8.13% |
| |
| Y | | Jameson A Baxter & Reginald R Baxter JTWROS | | | | 626 Old Barn Rd | | | | | Lk Barrington, IL 60010-6203 | 6,947.077 | 6.78% |
| |
| Putnam Short Duration Income Fund | | Putnam Short Duration Income Fund | | A | Putnam, LLC | | | UBS Wealth Management USA | | | One Post Office Square | | | 0O0 11011 6100 | | | | Boston, MA 02109 | 997,130.114 | 71.97% | Omni Account M/F | | |
|
| Attn: Department Manager | | | A | Barbara Goldstein | | | | | 20 James Rd | | | 1000 Harbor Blvd. | | | | Harrison. NY 10528 | 104,943.930 | 7.57% | Weehawken, NJ 07086-6761 | 73,069,383.375 | 66.40% |
| A | Charles Schwab & CO Inc. | | | Morgan Stanley Smith Barney | | | | 101 Montgomery Street | | | Plaza 2, 3rd Floor | | | | San Francisco, CA 94104-4154 | 80,187.360 | 5.79% | Jersey City, NJ 07311 | 13,891,609.866 | 12.62% |
| B | Pershing LLC | | | Janney Montgomery Scott, LLC | | | | A/C Robert James Steele | | | | | 1801 Market Street | | | | | Philadelphia, PA 19103 | 5,760.475 | 12.13% |
| |
| B | | Terese Schroeder | | | | | 12285 165th Ave SE | | | | | Becker, MN 55308 | 4,143.921 | 8.73% |
| |
| B | | LPL Financial | | | | | Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 3,959.137 | 8.34% |
| |
| B | | National Financial Services, LLC | | | | For the Exclusive Benefit of our Customers | | | | 499 Washington Blvd. | | | | 1 Pershing Plaza | | | Attn: Mutual Funds Dept. 4th fl | | | Jersey City, NJ 07399-0001 | 1,730.270 | 60.72% | Jersey City, NJ 07310-2010 | 2,463.132 | 5.19% |
| B | Putnam, LLC | | | Dennis & Donna Bouser | | | | One Post Office Square | | | 25 Towhee Dr | | | | Boston, MA 02109 | 1,000.360 | 35.10% | Palmerton, PA 18071 | 2,458.086 | 5.18% |
| C | Pershing LLC | | | Morgan Stanley Smith Barney | | | | 1 Pershing Plaza | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07399-0001 | 16,594.168 | 64.53% | Jersey City, NJ 07311 | 196,573.287 | 26.78% |
| C | LPL Financial | | | UBS Wealth Management USA | | | Omnibus Customer Account | | | 0O0 11011 6100 | | | | Attn: Lindsay O’Toole | | | Omni Account M/F | | | | 9785 Towne Centre Dr. | | | Attn: Department Manager | | | | San Diego, CA 92121-1968 | 7,566.762 | 29.42% | 1000 Harbor Blvd. | | |
|
| Weehawken, NJ 07086-6761 | 130,863.615 | 17.83% | M | Diane & Dennis Mullen | | | |
| |
| C | | Pershing LLC | | | | 2684 New Scotland Rd | | | 1 Pershing Plaza | | | | Voorheesville, NY 12186 | 6,012.024 | 85.73% | Jersey City, NJ 07399-0001 | 104,888.560 | 14.29% |
| M | Putnam, LLC | | | | C | | LPL Financial | | | | One Post Office Square | | | Omnibus Customer Account | | | | Boston, MA 02109 | 1,000.958 | 14.27% | |
| | Y | National Financial Services, LLC | | | | | For the Exclusive Benefit of our Customers | | | | | 499 Washington Blvd. | | | | | Attn: Mutual Funds Dept. 4th fl | | | | | Jersey City, NJ 07310-2010 | 62,200.839 | 85.83% | |
| | Putnam Small Cap Growth Fund | | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 226,474.093 | 5.16% | |
| | B | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 6,627.147 | 18.36% | |
| | B | LPL Financial | | | | | Attn: Lindsay O’Toole | | | Attn: Lindsay O’Toole | | | | 9785 Towne Ctr. Dr. | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 2,797.297 | 7.75% | San Diego, CA 92121-1968 | 60,272.475 | 8.21% |
| C | National Financial Service, LLC | | | Raymond James | | | | 200 Liberty Street, 5th Floor | | | Attn: Courtney Waller | | | | One World Financial Center | | | 880 Carillon Parkway | | | | New York, NY 10281 | 28,989.008 | 11.00% | St. Petersburg, FL 33716 | 58,443.925 | 7.96% |
| C | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 24,348.893 | 9.24% | |
| | C | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 21,418.489 | 8.13% | |
| | C | Wells Fargo Advisor | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 18,851.113 | 7.16% | |
| | C | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 18,332.596 | 6.96% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| | C | LPL Financial | | | | M | | UBS Wealth Management USA | | | | Attn: Lindsay O’Toole | | | 0O0 11011 6100 | | | | 9785 Towne Ctr. Dr. | | | Omni Account M/F | | | | San Diego, CA 92121-1968 | 14,669.367 | 5.57% | |
| | M | National Financial Service, LLC | | | | | 499 Washington BLVD. | | | Attn: Department Manager | | | | Jersey City, New Jersey | | | 1000 Harbor Blvd. | | | | 07310-2010 | 6,421.392 | 13.74% | Weehawken, NJ 07086-6761 | 48,829.874 | 44.04% |
| M | PAI Trust Company, INC | | | Morgan Stanley Smith Barney | | | | 1300 Enterprise Dr. | | | Plaza 2, 3rd Floor | | | | De Pere, WI 54115-4934 | 3,136.496 | 6.71% | Jersey City, NJ 07311 | 26,442.901 | 23.85% |
| M | Steve Beckley | | | Timothy & Candice McDermitt | | | | 2032 Why Worry Ln. | | | 2651 Terrace Dr | | | | Eugene OR 97405-7025 | 2,639.816 | 5.65% | Honolulu, HI 96822 | 10,360.759 | 9.34% |
| M | Pershing, LLC | | | Anne Marie & Denis Quagliariello | | | 1 Pershing Plaza | | | 2309 Poplar Rd | | | | Jersey City, NJ 07399 | 2,587.710 | 5.54% | Havertown, PA 19083 | 5,940.840 | 5.36% |
| M | MG Trust Company Cust. FBO | | | | | Spine & Brain Neurosurgery Center | | | | 717 17th St. STE. 1300 | | | | | Denver, CO 80202-3304 | 2,490.397 | 5.33% | |
| | M | Nationwide Trust Company | | | | R | | Morgan Stanley Smith Barney | | | | PO Box 182029 | | | Plaza 2, 3rd Floor | | | | Columbus, OH 43218-2029 | 2,351.328 | 5.03% | Jersey City, NJ 07311 | 57,932.976 | 46.94% |
| R | Hartford Securities Distribution | | | Frontier TRCO FBO | | | | Attn UIT Operations | | | Dr. Michael Schwartz PS Plan 59 | | | PO Box 2999 | | | PO Box 11758 | | | | Hartford, CT 06104 | 147,591.269 | 36.05% | Fargo, ND 58106 | 26,445.519 | 21.43% |
| R | Capital Bank and Trust Company | | | Frontier TRCO FBO | | | | 8515 E Orchard Road, #2T2 | | | Central Texas Hospitalists | | | | Greenwood Village, CO 80111 | 66,160.192 | 16.16% | PO Box 11758 | | |
|
| Fargo, ND 58106 | 18,383.581 | 14.90% |
| |
| R | Hartford Life Insurance CO | | | Putnam, LLC | | | | 1 Griffin Road N | | | One Post Office Square | | | | Windsor, CT 06095-1512 | 60,301.975 | 14.73% | Boston, MA 02109 | 10,027.572 | 8.13% |
| Y [ ] | Great-West Trust Company, LLC | | | | R5 | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,006.041 | 100.00% |
| |
| R6** | | Great-West Trust | | | | | Company, LLC FBO | 34,688.276 | 97.18% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 7,335,479.158 | 44.87% |
| |
| Y | | Pershing LLC | | | | | 1 Pershing Plaza | | | | The Putnam Retirement Plan | 264,921.914 | 61.05% | Jersey City, NJ 07399-0001 | 1,890,941.385 | 11.57% |
| Y | LPL Financial | | | Raymond James | | | | Attn: Lindsay O’Toole | | | Attn: Courtney Waller | | | | 9785 Towne Ctr. Dr. | | | 880 Carillon Parkway | | | | San Diego, CA 92121-1968 | 24,112.442 | 5.56% | St. Petersburg, FL 33716 | 1,860,827.674 | 11.38% |
| Y [ ] | Great-West Trust Company, LLC | | | | | The Putnam Retirement Plan | 23,647.908 | 5.45% | |
| | Putnam Small Cap Value Fund | | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 871,053.488 | 8.11% | |
| | A | National Financial Service, LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281 | 648,016.092 | 6.03% | |
| | A | Wells Fargo Advisors | | | | Y | | National Financial Services, LLC | | | | Special Custody Acct for the | | | For the Exclusive Benefit | | | | Exclusive Benefit of Customer | | | of our Customers | | | | 2801 Market St. | | | 499 Washington Blvd. | | | | Saint Louis, MO 63103-2523 | 589,341.590 | 5.48% | Attn: Mutual Funds Dept. 4th fl | | |
|
| Jersey City, NJ 07310-2010 | 1,608,458.568 | 9.84% | C | LPL Financial | | | | | Attn: Lindsay O’Toole | | |
| | 9785 Towne Ctr. Dr. | | | | | San Diego, CA 92121-1968 | 871,053.488 | 8.11% | |
| | C | Wells Fargo Advisors | | | | Y | | LPL Financial | | | | Special Custody Acct for the | | | Omnibus Customer Account | | | | Exclusive Benefit of Customer | | | Attn: Lindsay O’Toole | | | | 2801 Market St. | | | 9785 Towne Centre Dr. | | | | Saint Louis, MO 63103-2523 | 648,016.092 | 6.03% | San Diego, CA 92121-1968 | 7,335,479.158 | 44.87% |
| C | Pershing, LLC | | | | Putnam Short Term Investment Fund | | Putnam Short Term Investment Fund | | P | | Putnam Dynamic Asset | | | | | Allocation Growth Fund | 194,542,261.000 | 9.26% |
| |
| P | | Putnam Dynamic Asset | | | | | Allocation Balanced Fund | 155,981,585.000 | 7.42% |
| |
| P | | Putnam Equity Income Fund | 153,820,761.000 | 7.32% |
| |
| P | | The Putnam Fund for | | | | | Growth and Income | 149,478,409.000 | 7.11% |
| |
| P | | Putnam Capital | | | | | Spectrum Fund | 124,952,457.000 | 5.95% |
| |
| P | | The George Putnam of Boston | | | | 1 Pershing Plaza | | | (d/b/a George Putnam | | | | Jersey City, NJ 07399 | 589,341.590 | 5.48% | Balanced Fund) | 118,844,257.000 | 5.66% |
| C | MLPF&S for the Sole Benefit of its Customers | | | P | | Putnam Equity | | | | 4800 Deer Lake Dr. E FL 3 | | | Spectrum Fund | 112,189,643.000 | 5.34% | | Jacksonville, FL 32246-6484 | 871,053.488 | 8.11% |
|
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Short-Term Municipal Income Fund | | Putnam Short-Term Municipal Income Fund | | A | | Putnam, LLC | | | | | One Post Office Square | | | Putnam Small Cap Value Fund (cont.) | | | | | Boston, MA 02109 | 997,130.114 | 71.97% |
| |
| A | | Barbara Goldstein | | | | | 20 James Rd | | | | | Harrison. NY 10528 | 104,943.930 | 7.57% |
| |
| A | | Charles Schwab & CO Inc. | | | | | 101 Montgomery Street | | | | | San Francisco, CA 94104-4154 | 80,187.360 | 5.79% |
| |
| B | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 1,730.270 | 60.72% |
| |
| B | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,000.360 | 35.10% |
| |
| C | | Pershing LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 16,594.168 | 64.53% |
| |
| C | | LPL Financial | | | | | Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 7,566.762 | 29.42% |
| |
| M | Mark Torbeck | | | Diane & Dennis Mullen | | | | IRA Rollover Plan | | | 2684 New Scotland Rd | | | | 5765 Birchmont Place Dr | | | Voorheesville, NY 12186 | 6,012.024 | 85.73% | | Saint Louis, MO 63129-2987 | 5,915.237 | 5.66% |
|
| | R | MG Trco Cust Ffbo | | | | | Gregory Kuo DDS Pension Plan | | | | | 700 17th Stte 300 | | | | | Denver, Co 80202-3531 | 4,915.193 | 13.79% | |
| | R | MG Trust Company Cust | | | | | CMS Watch | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 4,122.644 | 11.56% | |
| | R | MG Trust Company Cust | | | | | Block Business Systems Inc | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 3,119.125 | 8.75% | |
| | R | MG Trust Company Cust | | | | | Covalent Systems Group | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 2,471.113 | 6.93% | |
| | R | MG Trust Company Cust | | | | | Lakeshore Interactive LLC | | | | M | | Putnam, LLC | | | | 700 17th St., Ste. 300 | | | One Post Office Square | | | | Denver, CO 80202-3531 | 2,258.734 | 6.34% | Boston, MA 02109 | 1,000.958 | 14.27% |
| Y | LPL Financial | | | National Financial Services, LLC | | | | Attn: Lindsay O’Toole | | | For the Exclusive Benefit of our Customers | | | 9785 Towne Ctr. Dr. | | | 499 Washington Blvd. | | | | San Diego, CA 92121-1968 | 3,659,442.419 | 71.55% | Attn: Mutual Funds Dept. 4th fl | | |
|
| Jersey City, NJ 07310-2010 | 62,200.839 | 85.83% | Y [ ] | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 884,907.423 | 17.30% |
|
| | Putnam Strategic Volatility Equity Fund | | | Putnam Small Cap Growth Fund | | Putnam Small Cap Growth Fund | | | A | Putnam, LLC | | | Pershing, LLC | | | | One Post Office Square | | | | | Boston, MA 02109 | 296,000.000 | 96.23% | |
| | B | Putnam, LLC | | | | | One Post Office Square | | | 1 Pershing Plaza | | | | Boston, MA 02109 | 1,000.000 | 50.17% | Jersey City, NJ 07399 | 226,474.093 | 5.16% |
| B | Mary Stowell | | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | 28 Timmerman Ave | | | 4800 Deer Lake Dr E FL 3 | | | | St Johnsville, NY 13452 | 679.612 | 34.09% | Jacksonville, FL 32246-6484 | 6,627.147 | 18.36% |
| B | LPL Financial | | | LPL Financial | | | | Attn: Lindsay O’Toole | | | Attn: Lindsay O’Toole | | | | 9785 Towne Ctr. Dr. | | | 9785 Towne Ctr. Dr. | | | | San Diego, CA 92121-1968 | 216.591 | 10.87% | San Diego, CA 92121-1968 | 2,797.297 | 7.75% |
| C | Putnam, LLC | | | National Financial Service, LLC | | | | One Post Office Square | | | 200 Liberty Street, 5th Floor | | | | Boston, MA 02109 | 1,000.000 | 43.93% | One World Financial Center | | |
|
| New York, NY 10281 | 28,989.008 | 11.00% |
| |
| C | Ying Fu | | | Morgan Stanley Smith Barney | | | | 1028 Vista Pointe Circle | | | Plaza 2, 3rd Floor | | | | San Ramon, CA 94582 | 719.080 | 31.59% | Jersey City, NJ 07311 | 24,348.893 | 9.24% |
| C | Jackie Conely-Sheller | | | Pershing, LLC | | | | 310 S. Clinton St | | | 1 Pershing Plaza | | | | Stockbridge, MI 49285 | 449.106 | 19.73% | Jersey City, NJ 07399 | 21,418.489 | 8.13% |
| C | | Wells Fargo Advisor | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 18,851.113 | 7.16% |
| |
| C | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 18,332.596 | 6.96% |
| |
| C | | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Ctr. Dr. | | | | | San Diego, CA 92121-1968 | 14,669.367 | 5.57% |
| |
| M | Putnam, LLC | | | National Financial Service, LLC | | | | One Post Office Square | | | 499 Washington BLVD. | | | | Boston, MA 02109 | 1,000.000 | 100.00% | Jersey City, New Jersey | | |
|
| 07310-2010 | 6,421.392 | 13.74% | Y | LPL Financial | | | | | Attn: Lindsay O’Toole | | |
| | 9785 Towne Ctr. Dr. | | | | | San Diego, CA 92121-1968 | 35,121.146 | 39.24% | |
| | Y [ ] | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 19,270.910 | 21.53% | |
| | Y | James Fetch | | | | | 44 Prince Street | | | | | Apt 505 | | | | | Boston, MA 02113 | 14,821.600 | 16.56% | |
| | Y | Robert Schoen | | | | | 11 Beech S\Rd | | | | | Brookline MA 02446 | 5,354.589 | 5.98% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| |
| M | | PAI Trust Company, INC | | | | | 1300 Enterprise Dr. | | | | | De Pere, WI 54115-4934 | 3,136.496 | 6.71% |
| |
| M | | Steve Beckley | | | | | 2032 Why Worry Ln. | | | | | Eugene OR 97405-7025 | 2,639.816 | 5.65% |
| |
| M | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 2,587.710 | 5.54% |
| |
| M | | MG Trust Company Cust. FBO | | | | | Spine & Brain Neurosurgery Center | | | | 717 17th St. STE. 1300 | | | | | Denver, CO 80202-3304 | 2,490.397 | 5.33% |
| |
| M | | Nationwide Trust Company | | | | | PO Box 182029 | | | | | Columbus, OH 43218-2029 | 2,351.328 | 5.03% |
| |
| R | | Hartford Securities Distribution | | | | | Attn UIT Operations | | | | | PO Box 2999 | | | | | Hartford, CT 06104 | 147,591.269 | 36.05% |
| |
| R | | Capital Bank and Trust Company | | | | | 8515 E Orchard Road, #2T2 | | | | | Greenwood Village, CO 80111 | 66,160.192 | 16.16% |
| |
| R | | Hartford Life Insurance CO | | | | | 1 Griffin Road N | | |
|
| Windsor, CT 06095-1512 | 60,301.975 | 14.73% | | |
| Y | Jameson & Reginald Baxter | | | LPL Financial | | | | 626 Old Barn Rd | | | Attn: Lindsay O’Toole | | | | LK Barrington, IL 60010 | 4,812.320 | 5.38% | 9785 Towne Ctr. Dr. | | |
|
| San Diego, CA 92121-1968 | 24,112.442 | 5.56% | Putnam Tax Exempt Income Fund | | | | A | Edward D. Jones & Co. | | | |
| |
| Y** | | Great-West Trust Company, LLC | | | | 201 Progress Pkwy. | | | The Putnam Retirement Plan | 288,569.822 | 66.50% | | Maryland Heights, MO | | |
| | 63043-3009 | 16,272,715.611 | 14.27% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103-2523 | 11,619,829.038 | 10.19% | |
| | Putnam Small Cap Value Fund | | Putnam Small Cap Value Fund | | | A | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | Pershing, LLC | | | | 4800 Deer Lake Dr E FL 3 | | | 1 Pershing Plaza | | | | Jacksonville, FL 32246-6484 | 7,579,843.732 | 6.65% | Jersey City, NJ 07399 | 871,053.488 | 8.11% |
| A | National Financial Service, LLC | | National Financial Service, LLC | | | | 200 Liberty Street, 5th Floor | | | 200 Liberty Street, 5th Floor | | | | One World Financial Center | | | One World Financial Center | | | | New York, NY 10281 | 6,580,183.779 | 5.77% | New York, NY 10281 | 648,016.092 | 6.03% |
| A | Morgan Stanley Smith Barney | | | Wells Fargo Advisors | | | | Harborside Financial Center | | | Special Custody Acct for the | | | | Plaza 2, 3rd Floor | | | Exclusive Benefit of Customer | | | | Jersey City, NJ 07311 | 6,556,237.718 | 5.75% | 2801 Market St. | | |
|
| Saint Louis, MO 63103-2523 | 589,341.590 | 5.48% | B | Wells Fargo Advisors | | | | | 2801 Market Street | | |
| | Saint Louis, MO 63103-2523 | 315,591.036 | 29.35% | |
| | B | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 165,095.547 | 15.36% | |
| | B | National Financial Services LLC | | | C | | LPL Financial | | | | 200 Liberty Street, 5th Fl. | | | Attn: Lindsay O’Toole | | | | One World Financial Center | | | 9785 Towne Ctr. Dr. | | | | New York, NY 10281-5503 | 131,505.405 | 12.23% | San Diego, CA 92121-1968 | 124,303.048 | 12.73% |
| B | Pershing LLC | | | | C | | Wells Fargo Advisors | | | | | Special Custody Acct for the | | | | | Exclusive Benefit of Customer | | | | P.O. Box 2052 | | | 2801 Market St. | | | | Jersey City, NJ 07303-2052 | 129,862.779 | 12.08% | Saint Louis, MO 63103-2523 | 96,168.979 | 9.85% |
| C | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | Pershing, LLC | | | | 4800 Deer Lake Dr E FL 3 | | | 1 Pershing Plaza | | | | Jacksonville, FL 32246-6484 | 878,083.883 | 20.31% | Jersey City, NJ 07399 | 92,089.267 | 9.43% |
| C | Wells Fargo Advisors | | | MLPF&S for the Sole Benefit of its Customers | | | 2801 Market Street | | | 4800 Deer Lake Dr. E FL 3 | | | | Saint Louis, MO 63103-2523 | 464,161.459 | 10.74% | Jacksonville, FL 32246-6484 | 82,021.671 | 8.40% |
| C | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 450,810.609 | 10.43% | |
| | C | Raymond James | | | | | Attn: Courtney Waller | | | | | 880 Carillon Parkway | | | | | St. Petersburg, FL 33716 | 364,622.575 | 8.43% | |
| | C | National Financial Services LLC | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 307,664.641 | 7.12% | |
| | C | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Ctr. Dr. | | | | | San Diego, CA 92121-1968 | 253,315.776 | 5.86% | |
| | M | Edward D. Jones & Co. | | | Mark Torbeck | | | | 201 Progress Pkwy. | | | IRA Rollover Plan | | | | Maryland Heights, MO | | | 5765 Birchmont Place Dr | | | | 63043-3009 | 166,029.463 | 21.56% | Saint Louis, MO 63129-2987 | 5,915.237 | 5.66% |
| M | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 139,204.698 | 18.08% | |
| | M | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103-2523 | 106,722.495 | 13.86% | |
| | Y | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 823,413.799 | 25.61% | |
| | Y | National Financial Services LLC | | | R | | MG Trust Company Cust | | | | 200 Liberty Street, 5th Fl. | | | Gregory Kuo DDS Pension Plan | | | | One World Financial Center | | | 700 17th Stte 300 | | | | New York, NY 10281-5503 | 784,677.704 | 24.40% | Denver, Co 80202-3531 | 4,915.193 | 13.79% |
| R | | MG Trust Company Cust | | | | | CMS Watch | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 4,122.644 | 11.56% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Small Cap Value Fund (cont.) | | Putnam Small Cap Value Fund (cont.) | | R | | MG Trust Company Cust | | | | | Block Business Systems Inc | | | Putnam Tax Exempt Income Fund (cont.) | | | Y | Morgan Stanley Smith Barney | | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 3,119.125 | 8.75% |
| |
| R | | MG Trust Company Cust | | | | | Covalent Systems Group | | | | | 700 17th St., Ste. 300 | | | | | Denver, CO 80202-3531 | 2,471.113 | 6.93% |
| |
| R | | MG Trust Company Cust | | | | Harborside Financial Center | | | Lakeshore Interactive LLC | | | | Plaza 2, 3rd Floor | | | 700 17th St., Ste. 300 | | | | Jersey City, NJ 07311 | 586,763.439 | 18.25% | Denver, CO 80202-3531 | 2,258.734 | 6.34% |
| Y | Wells Fargo Advisors | | | LPL Financial | | | | 2801 Market Street | | | Attn: Lindsay O’Toole | | | | Saint Louis, MO 63103-2523 | 537,445.646 | 16.71% | 9785 Towne Ctr. Dr. | | |
|
| San Diego, CA 92121-1968 | 3,659,442.419 | 71.55% | Y | LPL Financial | | | |
| |
| Y** | | Great-West Trust Company, LLC | | | Attn: Lindsay O’Toole | | | The Putnam Retirement Plan | 884,907.423 | 17.30% | | 9785 Towne Ctr. Dr. | | |
| | San Diego, CA 92121-1968 | 161,438.687 | 5.02% | |
| | Putnam Tax Exempt Money Market Fund | | | Putnam Strategic Volatility Equity Fund | | Putnam Strategic Volatility Equity Fund | | A | John Hill | | | Putnam, LLC | | | | 33 Avon Rd | | | | | Bronxville, NY 10708 | 3,041,168.870 | 7.14% | |
| | Putnam Tax-Free High Yield Fund | | | | A | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 7,680,735.530 | 11.14% | |
| | A | Edward D. Jones & Co. | | | | | 201 Progress Parkway | | | | | Maryland, Heights, MO | | | | | 63043-3009 | 6,909,262.961 | 10.02% | |
| | A | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 4,685,071.748 | 6.79% | |
| | A | Merrill, Lynch, Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E. Floor 3 | | | | | Jacksonville, FL 32246-6484 | 4,646,531.870 | 6.74% | |
| | A | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 4,044,835.281 | 5.87% | |
| | A | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 4,044,558.173 | 5.86% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market Street | | | One Post Office Square | | | | Saint Louis, MO 63103 | 295,740.609 | 27.60% | Boston, MA 02109 | 296,000.000 | 96.23% |
| B | Pershing LLC | | | Putnam, LLC | | | | P.O. Box 2052 | | | One Post Office Square | | | | Jersey City, NJ 07303-2052 | 167,948.348 | 15.68% | Boston, MA 02109 | 1,000.000 | 50.17% |
| B | Merrill, Lynch, Pierce Fenner & Smith | | Mary Stowell | | | | 4800 Deer Lake Drive E. Floor 3 | | | 28 Timmerman Ave | | | | Jacksonville, FL 32246-6484 | 134,472.527 | 12.55% | St Johnsville, NY 13452 | 679.612 | 34.09% |
| B | National Financial Services LLC | | | LPL Financial | | | | 200 Liberty Street, 5th Floor | | | Attn: Lindsay O’Toole | | | | One World Financial Center | | | 9785 Towne Ctr. Dr. | | | | New York, NY 10281-5503 | 104,580.139 | 9.76% | San Diego, CA 92121-1968 | 216.591 | 10.87% |
| B | Charles Schwab & CO Inc. | | | | | 101 Montgomery Street | | | | | San Francisco, CA 94104-4154 | 62,838.938 | 5.87% | |
| | C | Merrill, Lynch, Pierce Fenner & Smith | | Putnam, LLC | | | | 4800 Deer Lake Drive E. Floor 3 | | | One Post Office Square | | | | Jacksonville, FL 32246-6484 | 1,708,627.169 | 32.11% | Boston, MA 02109 | 1,000.000 | 43.93% |
| C | Wells Fargo Advisors | | | Ying Fu | | | | 2801 Market Street | | | 1028 Vista Pointe Circle | | | | Saint Louis, MO 63103 | 688,636.396 | 12.94% | San Ramon, CA 94582 | 719.080 | 31.59% |
| C | Pershing LLC | | | Jackie Conely-Sheller | | | | P.O. Box 2052 | | | 310 S. Clinton St | | | | Jersey City, NJ 07303-2052 | 444,441.927 | 8.35% | Stockbridge, MI 49285 | 449.106 | 19.73% |
| C | UBS WM USA | | | | M | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 1,000.000 | 100.00% |
| |
| Y | | LPL Financial | | | | Attn: Department Manager | | | Attn: Lindsay O’Toole | | | | 1000 Harbor Blvd | | | 9785 Towne Ctr. Dr. | | | | Weehawken, NJ 07086 | 337,519.688 | 6.34% | San Diego, CA 92121-1968 | 35,121.146 | 39.24% |
| C | Morgan Stanley Smith Barney | | | | Y** | | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 19,270.910 | 21.53% |
| |
| Y | | James Fetch | | | | Plaza 2, 3rd Floor | | | 44 Prince Street | | | | Jersey City, NJ 07311 | 314,776.257 | 5.92% | Apt 505 | | |
|
| Boston, MA 02113 | 14,821.600 | 16.56% |
| |
| Y | | Robert Schoen | | | | | 11 Beech Rd. | | | | | Brookline MA 02446 | 5,354.589 | 5.98% |
| |
| Y | | Jameson & Reginald Baxter | | | | | 626 Old Barn Rd | | | | | LK Barrington, IL 60010 | 4,812.320 | 5.38% |
| |
| Putnam Tax Exempt Income Fund | | Putnam Tax Exempt Income Fund | | | A | | Edward D. Jones & Co. | | | | | 201 Progress Pkwy. | | | | | Maryland Heights, MO | | | | | 63043-3009 | 16,272,715.611 | 14.27% |
| |
| A | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103-2523 | 11,619,829.038 | 10.19% |
| |
| A | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 7,579,843.732 | 6.65% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| A | | National Financial Service, LLC | | | | | 200 Liberty Street, 5th Floor | | | C | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 279,756.995 | 5.26% | |
| | M | Edward D. Jones & CO | | | | | 201 Progress Parkway | | | | | Maryland Heights, MO 63043 | 114,261.093 | 16.07% | |
| | M | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 43,955.783 | 6.18% | |
| | M | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 41,778.539 | 5.88% | |
| | M | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 38,480.104 | 5.41% | |
| | Y | Merrill, Lynch, Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E. Floor 3 | | | | | Jacksonville, FL 32246-6484 | 1,577,968.587 | 34.05% | |
| | Y | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 696,308.272 | 15.03% | |
| | Y | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 419,347.657 | 9.05% | |
| | Y | LPL Financial | | | | | Omnibus Customer Account | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Centre Dr. | | | | | San Diego, CA 92121-1968 | 410,246.109 | 8.85% | |
| | Y | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 409,376.605 | 8.83% | |
| | Y | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 367,603.032 | 7.93% | |
| | Y | Charles Schwab & CO Inc. | | | | | 101 Montgomery Street | | | | | San Francisco, CA 94104-4154 | 292,222.885 | 6.31% | |
| | Putnam U.S. Government Income Trust | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | One World Financial Center | | | | Jersey City, NJ 07399-0001 | 5,129,202.334 | 6.93% | New York, NY 10281 | 6,580,183.779 | 5.77% |
| A | Merrill, Lynch, Pierce, Fenner & Smith | | Morgan Stanley Smith Barney | | | | 4800 Deer Lake Drive E, Floor 3 | | | Harborside Financial Center | | | | Jacksonville, Florida 32246-64845,010,652.704 | 6.77% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market Street | | | Plaza 2, 3rd Floor | | | | Saint Louis, MO 63103 | 4,036,040.640 | 5.45% | Jersey City, NJ 07311 | 6,556,237.718 | 5.75% |
| B | Wells Fargo Advisors | | | Wells Fargo Advisors | | | | 2801 Market Street | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 563,111.795 | 27.03% | Saint Louis, MO 63103-2523 | 315,591.036 | 29.35% |
| B | Pershing, LLC | | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 165,095.547 | 15.36% |
| |
| B | | National Financial Services LLC | | | | | 200 Liberty Street, 5th Fl. | | | | 1 Pershing Plaza | | | One World Financial Center | | | | Jersey City, NJ 07399-0001 | 437,426.710 | 21.00% | New York, NY 10281-5503 | 131,505.405 | 12.23% |
| B | Merrill, Lynch, Pierce, Fenner & Smith | | Pershing LLC | | | | 4800 Deer Lake Drive E, Floor 3 | | | P.O. Box 2052 | | | | Jacksonville, Florida 32246-6484 107,190.475 | 5.15% | Jersey City, NJ 07303-2052 | 129,862.779 | 12.08% |
| C | Wells Fargo Advisors | | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | 2801 Market Street | | | 4800 Deer Lake Dr E FL 3 | | | | Saint Louis, MO 63103 | 1,344,168.845 | 17.80% | Jacksonville, FL 32246-6484 | 878,083.883 | 20.31% |
| C | Merrill, Lynch, Pierce, Fenner & Smith | | Wells Fargo Advisors | | | | 4800 Deer Lake Drive E, Floor 3 | | | 2801 Market Street | | | | Jacksonville, Florida 32246-6484 898,447.469 | 11.90% | Saint Louis, MO 63103-2523 | 464,161.459 | 10.74% |
| C | Pershing, LLC | | | Pershing LLC | | | | 1 Pershing Plaza | | | P.O. Box 2052 | | | | Jersey City, NJ 07399-0001 | 873,885.435 | 11.57% | Jersey City, NJ 07303-2052 | 450,810.609 | 10.43% |
| C | | Raymond James | | | | | Attn: Courtney Waller | | | | | 880 Carillon Parkway | | | | | St. Petersburg, FL 33716 | 364,622.575 | 8.43% |
| |
| C | | National Financial Services LLC | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 307,664.641 | 7.12% |
| |
| C | | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Ctr. Dr. | | | | | San Diego, CA 92121-1968 | 253,315.776 | 5.86% |
| |
| M | | Edward D. Jones & Co. | | | | | 201 Progress Pkwy. | | | | | Maryland Heights, MO | | | | | 63043-3009 | 166,029.463 | 21.56% |
| |
| M | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 139,204.698 | 18.08% |
| |
| M | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103-2523 | 106,722.495 | 13.86% |
| |
| Y | | Merrill, Lynch, Pierce, Fenner & Smith Inc. | | | | 4800 Deer Lake Dr E FL 3 | | | | | Jacksonville, FL 32246-6484 | 823,413.799 | 25.61% |
| |
| Y | | National Financial Services LLC | | | | | 200 Liberty Street, 5th Fl. | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 784,677.704 | 24.40% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 586,763.439 | 18.25% |
| |
| Y | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103-2523 | 537,445.646 | 16.71% |
| |
| Y | | LPL Financial | | | | | Attn: Lindsay O’Toole | | | | | 9785 Towne Ctr. Dr. | | | | | San Diego, CA 92121-1968 | 161,438.687 | 5.02% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Tax Exempt Money Market Fund | | Putnam Tax Exempt Money Market Fund | | A | | John Hill | | | | | 33 Avon Rd | | | Putnam U.S. Government Income Trust (cont.) | | | | | Bronxville, NY 10708 | 3,041,168.870 | 7.14% |
| |
| Putnam Tax-Free High Yield Fund | | Putnam Tax-Free High Yield Fund | | | A | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 7,680,735.530 | 11.14% |
| |
| A | | Edward D. Jones & Co. | | | | | 201 Progress Parkway | | | | | Maryland, Heights, MO | | | | | 63043-3009 | 6,909,262.961 | 10.02% |
| |
| A | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 4,685,071.748 | 6.79% |
| |
| A | | Merrill, Lynch, Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E. Floor 3 | | | | | Jacksonville, FL 32246-6484 | 4,646,531.870 | 6.74% |
| |
| A | | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 4,044,835.281 | 5.87% |
| |
| A | | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 4,044,558.173 | 5.86% |
| |
| B | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 295,740.609 | 27.60% |
| |
| B | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 167,948.348 | 15.68% |
| |
| B | | Merrill, Lynch, Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E. Floor 3 | | | | | Jacksonville, FL 32246-6484 | 134,472.527 | 12.55% |
| |
| B | | National Financial Services LLC | | | | | 200 Liberty Street, 5th Floor | | | | | One World Financial Center | | | | | New York, NY 10281-5503 | 104,580.139 | 9.76% |
| |
| B | | Charles Schwab & CO Inc. | | | | | 101 Montgomery Street | | | | | San Francisco, CA 94104-4154 | 62,838.938 | 5.87% |
| |
| C | National Financial Services LLC | | | Merrill, Lynch, Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E. Floor 3 | | | | | Jacksonville, FL 32246-6484 | 1,708,627.169 | 32.11% |
| |
| C | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 688,636.396 | 12.94% |
| |
| C | | Pershing LLC | | | | | P.O. Box 2052 | | | | | Jersey City, NJ 07303-2052 | 444,441.927 | 8.35% |
| |
| C | | UBS WM USA | | | | | Attn: Department Manager | | | | 499 Washington Blvd | | | 1000 Harbor Blvd | | | | Jersey City, NJ 07310 | 653,496.625 | 8.65% | Weehawken, NJ 07086 | 337,519.688 | 6.34% |
| C | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 649,765.856 | 8.60% | Jersey City, NJ 07311 | 314,776.257 | 5.92% |
| C | Raymond James | | | National Financial Services LLC | | | | Attn: Courtney Waller | | | 200 Liberty Street, 5th Floor | | | | 880 Carillon Parkway | | | One World Financial Center | | | | St. Petersburg, FL 33716 | 401,971.961 | 5.32% | New York, NY 10281-5503 | 279,756.995 | 5.26% |
| M | Mitsubishi UFJ Morgan Stanley | | | Edward D. Jones & CO | | | | Securities CO LTD | | | 201 Progress Parkway | | | | 29-20 Mejiroda 3-Chome, Bunkyo-ku | | Maryland Heights, MO 63043 | 114,261.093 | 16.07% | | Tokyo 112-8688 Japan | 849,830.000 | 59.37% |
|
| | M | Morgan Stanley Smith Barney | | | Morgan Stanley Smith Barney | | | | Plaza 2, 3rd Floor | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 89,102.719 | 6.22% | Jersey City, NJ 07311 | 43,955.783 | 6.18% |
| M | National Financial Services LLC | | | Pershing LLC | | | | 499 Washington Blvd | | | P.O. Box 2052 | | | | Jersey City, NJ 07310 | 79,819.313 | 5.58% | Jersey City, NJ 07303-2052 | 41,778.539 | 5.88% |
| R | Merrill, Lynch, Pierce, Fenner & Smith | | | | 4800 Deer Lake Drive E, Floor 3 | | | | | Jacksonville, Florida 32246-6484 685,429.350 | 27.03% | |
| | R | State Street Bank and Trust | | | | | 1 Lincoln Street | | | | | Boston, MA 02111 | 440,359.645 | 17.37% | |
| | Y | Merrill, Lynch, Pierce, Fenner & Smith | | | | 4800 Deer Lake Drive E, Floor 3 | | | | | Jacksonville, Florida 32246-6484 692,073.061 | 16.90% | |
| | Y | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 413,100.558 | 10.09% | |
| | Y | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399-0001 | 395,374.105 | 9.65% | |
| | Y [ ] | Great-West Trust | | | | | Company, LLC FBO | 374,776.747 | 9.15% | |
| | Y | National Financial Services LLC | | | | | 499 Washington Blvd | | | | | Jersey City, NJ 07310 | 372,789.470 | 9.10% | |
| | Y | Morgan Stanley Smith Barney | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 329,711.841 | 8.05% | |
| | Y [ ] | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 285,656.782 | 6.97% | |
| | Y | Charles Schwab & Co. Inc. | | | | | 101 Montgomery St. | | | | | San Francisco, CA 94104-4151 | 225,869.713 | 5.52% | |
| | Putnam Voyager Fund | | | | A | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 7,732,263.511 | 6.70% | |
| | A | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 6,363,745.375 | 5.51% | |
| | A | National Financial Services, LLC | | | | | 499 Washington St. | | | | | Jersey City, NJ 07310-2010 | 6,357,318.661 | 5.51% | |
| | A | Merrill Lynch Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E FL 3 | | | | | Jacksonville, FL 32246-6484 | 6,279,527.352 | 5.44% | |
| | B | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 301,338.120 | 6.62% | |
| | B | Merrill Lynch Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E FL 3 | | | | | Jacksonville, FL 32246-6484 | 280,516.452 | 6.17% | |
| | B | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 248,141.243 | 5.45% | |
| |
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| | C | Merrill Lynch Pierce Fenner & Smith | | | 4800 Deer Lake Drive E FL 3 | | | | Jacksonville, FL 32246-6484 | 1,456,743.545 | 25.73% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 592,250.954 | 10.46% |
| C | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086 | 521,496.416 | 9.21% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 493,426.657 | 8.72% |
| C | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 408,238.569 | 7.21% |
| C | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716 | 331,852.809 | 5.86% |
| M* | CKS Packaging Inc. 401(k) Plan | 90,645.411 | 9.08% |
| R | Merrill Lynch Pierce Fenner & Smith | | | 4800 Deer Lake Drive E FL 3 | | | | Jacksonville, FL 32246-6484 | 90,645.411 | 9.08% |
| R | Hartford Securities Distribution | | | | Attn: UIT Operations | | | | PO Box 2999 | | | | Hartford, CT 06104 | 90,645.411 | 9.08% |
| R5 | Putnam, LLC | | | | One Post Office Square | | | | Boston, MA 02109 | 463.415 | 100.00% |
| R6 | Great-West Trust Company, LLC | | | The Putnam Retirement Plan | 1,094,609.072 | 99.96% |
| Y | Merrill Lynch Pierce Fenner & Smith | | | 4800 Deer Lake Drive E FL 3 | | | | Jacksonville, FL 32246-6484 | 1,574,633.571 | 14.99% |
| Y | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 789,789.025 | 7.52% |
| Y [ ] | Great-West Trust Company, LLC | | | FBO | 703,460.282 | 6.70% |
| Y | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 614,141.920 | 5.85% |
| Y | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 | 596,853.031 | 5.68% |
| Y | National Financial Services, LLC | | | | 499 Washington St. | | | | Jersey City, NJ 07310-2010 | 563,251.672 | 5.36% |
| Putnam VT Absolute Return Absolute 500 Fund | | IA | Putnam, LLC | | | | One Post Office Square | | | | Boston, MA 02109+ | 1,000.000 | 100.00% |
| IB | Sun Life Assurance | | | | Company of Canada(19) + | 1,646,826.282 | 93.75% |
| Putnam VT American Government Income Fund | | IA | Hartford Life & Annuity (7) + | 3,287,848.407 | 54.41% |
| IA | Hartford Life (8) + | 2,545,767.647 | 42.13% |
| IB | Allstate Life | | | | Insurance Company(1) + | 2,148,271.819 | 62.21% |
| IB | Hartford Life & Annuity (7) | 520,693.896 | 15.08% |
| IB | Hartford Life (8) | 227,941.058 | 6.60% |
| IB | Allstate Life | | | | Insurance Company (1) | 215,204.133 | 6.23% |
| Putnam VT Capital Opportunities Fund | | IA | Hartford Life & Annuity (7) + | 426,431.496 | 52.45% |
| IA | Hartford Life Insurance Co.(9) + | 386,628.381 | 47.55% |
| IB | Hartford Life & Annuity (7) + | 352,030.375 | 44.95% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| M | National Financial Services LLC | | | | 200 Liberty Street, 5th Floor | | | | One World Financial Center | | | | New York, NY 10281-5503 | 38,480.104 | 5.41% |
| Y | Merrill, Lynch, Pierce Fenner & Smith | | | 4800 Deer Lake Drive E. Floor 3 | | | | Jacksonville, FL 32246-6484 | 1,577,968.587 | 34.05% |
| Y | Pershing LLC | | | | P.O. Box 2052 | | | | Jersey City, NJ 07303-2052 | 696,308.272 | 15.03% |
| Y | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 419,347.657 | 9.05% |
| Y | LPL Financial | | | | Omnibus Customer Account | | | | Attn: Lindsay O’Toole | | | | 9785 Towne Centre Dr. | | | | San Diego, CA 92121-1968 | 410,246.109 | 8.85% |
| Y | Morgan Stanley Smith Barney | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 409,376.605 | 8.83% |
| Y | National Financial Services LLC | | | | 200 Liberty Street, 5th Floor | | | | One World Financial Center | | | | New York, NY 10281-5503 | 367,603.032 | 7.93% |
| Y | Charles Schwab & CO Inc. | | | | 101 Montgomery Street | | | | San Francisco, CA 94104-4154 | 292,222.885 | 6.31% |
| Putnam U.S. Government Income Trust | | A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 5,129,202.334 | 6.93% |
| A | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Deer Lake Drive E, Floor 3 | | | | Jacksonville, FL 32246-6484 | 5,010,652.704 | 6.77% |
| A | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 4,036,040.640 | 5.45% |
| B | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 563,111.795 | 27.03% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 437,426.710 | 21.00% |
| B | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Deer Lake Drive E, Floor 3 | | | | Jacksonville, Florida 32246-6484 | 107,190.475 | 5.15% |
| C | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 1,344,168.845 | 17.80% |
| C | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Deer Lake Drive E, Floor 3 | | | | Jacksonville, Florida 32246-6484 | 898,447.469 | 11.90% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 873,885.435 | 11.57% |
| C | National Financial Services LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310 | 653,496.625 | 8.65% |
| C | Morgan Stanley Smith Barney | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 649,765.856 | 8.60% |
| C | Raymond James | | | | Attn: Courtney Waller | | | | 880 Carillon Parkway | | | | St. Petersburg, FL 33716 | 401,971.961 | 5.32% |
| M | Mitsubishi UFJ Morgan Stanley | | | | Securities CO LTD | | | | 29-20 Mejiroda 3-Chome, Bunkyo-ku | | | Tokyo 112-8688 Japan | 849,830.000 | 59.37% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam VT Capital Opportunities Fund (cont.) | | IB | Allstate Life Insurance Company (1) +227,481.392 | 29.05% |
| IB | Hartford Life & Annuity (7) | 108,717.979 | 13.88% |
| IB | Hartford Life Insurance Co.( 9) | 41,562.964 | 5.31% |
| Putnam VT Diversified Income Fund | | IA | Hartford Life & Annuity (7) + | 8,077,716.046 | 48.11% |
| IA | Hartford Life (8) + | 7,527,831.425 | 44.84% |
| IB | Hartford Life & Annuity (7) + | 17,764,370.459 | 52.65% |
| IB | Hartford Life (8) | 8,156,812.386 | 24.18% |
| IB | Allstate Life | | | | Insurance Company (1) | 3,810,466.263 | 11.29% |
| Putnam VT Equity Income Fund | | | IA | Hartford Life & Annuity (7) + | 6,201,831.022 | 60.11% |
| IA | Hartford Life Insurance Co (9) + 3,394,037.629 | 32.90% |
| IB | Allstate Life | | | | Insurance Company (1) + | 4,233,875.931 | 32.51% |
| IB | Hartford Life & Annuity (7) | 1,911,727.294 | 14.68% |
| IB | Guardian Insurance & | | | | Annuity Co. Inc.(6) | 1,732,644.963 | 13.31% |
| IB | Metlife Investors VA(13) | 1,382,190.320 | 10.61% |
| IB | Hartford Life Insurance Co (9) | 713,274.482 | 5.48% |
| Putnam VT George Putnam Balanced Fund | | IA | Hartford Life & Annuity (7) + | 5,466,396.350 | 58.50% |
| IA | Hartford Life (8) + | 3,477,536.017 | 37.21% |
| IB | Allstate Life | | | | Insurance Company (1) + | 6,701,596.281 | 69.92% |
| IB | Hartford Life & Annuity (7) | 1,612,412.818 | 16.82% |
| IB | Hartford Life (8) | 586,969.275 | 6.12% |
| IB | Allstate Life of NY (2) | 568,405.559 | 5.93% |
| Putnam VT Global Asset Allocation Fund | | IA | Hartford Life & Annuity (7) + | 3,670,768.317 | 47.44% |
| IA | Hartford Life (8) + | 3,348,955.793 | 43.28% |
| IB | Allstate Life | | | | Insurance Company (1) + | 1,370,798.170 | 41.26% |
| IB | Hartford Life & Annuity (7) + | 1,206,973.284 | 36.33% |
| IB | Hartford Life (8) | 525,958.264 | 15.83% |
| IB | Allstate Life of NY (2) | 212,853.174 | 6.41% |
| Putnam VT Global Equity Fund | | | IA | Hartford Life & Annuity (7) + | 6,075,811.408 | 45.29% |
| IA | Hartford Life (8) + | 5,827,992.036 | 43.45% |
| IA | Hartford Life & Annuity (7) | 768,680.119 | 5.73% |
| IA | Hartford Life Insurance Co (9) | 690,062.616 | 5.14% |
| IB | Allstate Life | | | | Insurance Company (1) + | 1,242,502.736 | 74.29% |
| IB | Allstate Life of NY (2) | 129,255.283 | 7.73% |
| IB | Retirement Builder Variable | | | | Annuity Account (16) | 112,615.395 | 6.73% |
| IB | Hartford Life & Annuity (7) | 89,019.165 | 5.32% |
| Putnam VT Global Health Care Fund | | IA | Hartford Life & Annuity (7) + | 1,497,633.605 | 48.27% |
| IA | Hartford Life (8) + | 1,389,413.524 | 44.78% |
| IB | Riversource Life | | | | Insurance Company (17) + | 1,973,363.327 | 36.78% |
| IB | Allstate Life | | | | Insurance Company (1) + | 1,746,665.134 | 32.56% |
| IB | Lincoln National Variable(12) | 585,137.867 | 10.91% |
| Putnam VT Global Utilities Fund | | | IA | Hartford Life (8) + | 3,621,415.391 | 52.63% |
| IA | Hartford Life & Annuity (7) + | 2,987,281.380 | 43.41% |
| IA | Hartford Life (8) + | 3,621,415.391 | 52.63% |
| IB | Allstate Life | | | | Insurance Company (1) + | 911,633.574 | 78.05% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam U.S. Government Income Trust (cont.) | | M | Morgan Stanley Smith Barney | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 89,102.719 | 6.22% |
| M | National Financial Services LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310 | 79,819.313 | 5.58% |
| R | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Deer Lake Drive E, Floor 3 | | | | Jacksonville, Florida 32246-6484 | 685,429.350 | 27.03% |
| R | State Street Bank and Trust | | | | 1 Lincoln Street | | | | Boston, MA 02111 | 440,359.645 | 17.37% |
| Y | Merrill, Lynch, Pierce, Fenner & Smith | | | 4800 Deer Lake Drive E, Floor 3 | | | | Jacksonville, Florida 32246-6484 | 692,073.061 | 16.90% |
| Y | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 413,100.558 | 10.09% |
| Y | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 395,374.105 | 9.65% |
| Y** | Great-West Trust | | | | Company, LLC FBO | 374,776.747 | 9.15% |
| Y | National Financial Services LLC | | | | 499 Washington Blvd | | | | Jersey City, NJ 07310 | 372,789.470 | 9.10% |
| Y | Morgan Stanley Smith Barney | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 329,711.841 | 8.05% |
| Y** | Great-West Trust Company, LLC | | | The Putnam Retirement Plan | 285,656.782 | 6.97% |
| Y | Charles Schwab & Co. Inc. | | | | 101 Montgomery St. | | | | San Francisco, CA 94104-4151 | 225,869.713 | 5.52% |
| Putnam Voyager Fund | | | A | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 | 7,732,263.511 | 6.70% |
| A | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 6,363,745.375 | 5.51% |
| A | National Financial Services, LLC | | | | 499 Washington St. | | | | Jersey City, NJ 07310-2010 | 6,357,318.661 | 5.51% |
| A | Merrill Lynch Pierce Fenner & Smith | | | 4800 Deer Lake Drive E FL 3 | | | | Jacksonville, FL 32246-6484 | 6,279,527.352 | 5.44% |
| B | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399 | 301,338.120 | 6.62% |
| B | Merrill Lynch Pierce Fenner & Smith | | | 4800 Deer Lake Drive E FL 3 | | | | Jacksonville, FL 32246-6484 | 280,516.452 | 6.17% |
| B | Wells Fargo Advisors | | | | 2801 Market Street | | | | Saint Louis, MO 63103 | 248,141.243 | 5.45% |
| C | Merrill Lynch Pierce Fenner & Smith | | | 4800 Deer Lake Drive E FL 3 | | | | Jacksonville, FL 32246-6484 | 1,456,743.545 | 25.73% |
| C | Morgan Stanley Smith Barney | | | | Harborside Financial Center | | | | Plaza 2, 3rd Floor | | | | Jersey City, NJ 07311 | 592,250.954 | 10.46% |
| C | UBS WM USA | | | | 1000 Harbor Blvd | | | | Weehawken, NJ 07086 | 521,496.416 | 9.21% |
| C | Pershing, LLC | | | | 1 Pershing Plaza | | | | Jersey City, NJ 07399-0001 | 493,426.657 | 8.72% |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| IB | Allstate Life of NY (2) | 107,476.132 | 9.20% | | C | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 408,238.569 | 7.21% |
| |
| C | | Raymond James | | | | | Attn: Courtney Waller | | | | | 880 Carillon Parkway | | | | | St. Petersburg, FL 33716 | 331,852.809 | 5.86% |
| |
| M* | | CKS Packaging Inc. 401(k) Plan | 90,645.411 | 9.08% |
| |
| R | | Merrill Lynch Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E FL 3 | | | | | Jacksonville, FL 32246-6484 | 90,645.411 | 9.08% |
| |
| R | | Hartford Securities Distribution | | | | | Attn: UIT Operations | | | | | PO Box 2999 | | | | | Hartford, CT 06104 | 90,645.411 | 9.08% |
| |
| R5 | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA 02109 | 463.415 | 100.00% |
| |
| R6** | | Great-West Trust Company, LLC | | | | The Putnam Retirement Plan | 1,094,609.072 | 99.96% |
| |
| Y | | Merrill Lynch Pierce Fenner & Smith | | | | 4800 Deer Lake Drive E FL 3 | | | | | Jacksonville, FL 32246-6484 | 1,574,633.571 | 14.99% |
| |
| Y | | Wells Fargo Advisors | | | | | 2801 Market Street | | | | | Saint Louis, MO 63103 | 789,789.025 | 7.52% |
| |
| Y** | | Great-West Trust Company, LLC | | | | FBO | 703,460.282 | 6.70% |
| |
| Y | | Morgan Stanley Smith Barney | | | | | Harborside Financial Center | | | | | Plaza 2, 3rd Floor | | | | | Jersey City, NJ 07311 | 614,141.920 | 5.85% |
| |
| Y | | Pershing, LLC | | | | | 1 Pershing Plaza | | | | | Jersey City, NJ 07399 | 596,853.031 | 5.68% |
| |
| Y | | National Financial Services, LLC | | | | | 499 Washington St. | | | | | Jersey City, NJ 07310-2010 | 563,251.672 | 5.36% |
| |
| Putnam VT Absolute Return Absolute 500 Fund | | Putnam VT Absolute Return Absolute 500 Fund | | IA | | Putnam, LLC | | | | | One Post Office Square | | | | | Boston, MA02109+ | 1,000.000 | 100.00% |
| IB | Hartford Life & Annuity (7) | 101,813.427 | 8.72% | Sun Life Assurance | | |
|
| Company ofCanada(19) + | 1,646,826.282 | 93.75% | Putnam VT Growth and Income Fund Putnam | | |
| |
| Putnam VT American Government Income Fund | | Putnam VT American Government Income Fund | | IA | Hartford Life (8) + | 23,107,111.460 | 48.44% | Hartford Life &Annuity(7) + | 3,287,848.407 | 54.41% |
| IA | Hartford Life & Annuity (7) + | 20,759,820.549 | 43.52% | HartfordLife(8) + | 2,545,767.647 | 42.13% |
| IB | Allstate Life | | | Allstate Life | | | | Insurance Company (1) + | 6,418,062.436 | 60.81% | InsuranceCompany(1) + | 2,363,475.952 | 68.44% |
| IB | Hartford Life & Annuity (7) | 1,019,646.146 | 9.66% | Hartford Life &Annuity(7) | 520,693.896 | 15.08% |
| IB | Allstate Life of NY (2) | 575,463.636 | 5.45% | HartfordLife(8) | 227,941.058 | 6.60% |
| IB | Hartford Life (8) | 538,550.054 | 5.10% | |
| | Putnam VT Growth Opportunities Fund | | | Putnam VT Capital Opportunities Fund | | Putnam VT Capital Opportunities Fund | | IA | Hartford Life & Annuity (7) + | 986,178.172 | 55.72% | Hartford Life &Annuity(7) + | 426,431.496 | 52.45% |
| IA | Hartford Life (8) + | 750,034.766 | 42.38% | Hartford Life InsuranceCo.(9)+ | 386,628.381 | 47.55% |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 1,323,153.968 | 73.97% | |
| | IB | Hartford Life & Annuity (7) | 127,093.241 | 7.11% | |
| | IB | Allstate Life of NY (2) | 122,817.343 | 6.87% | |
| | IB | Hartford Life (8) | 103,696.017 | 5.80% | |
| | IB | Retirement Builder Variable | | | | | Annuity Account (16) | 100,317.322 | 5.61% | |
| | Putnam VT High Yield Fund | | | | IA | CMFG GROUP(5) + | 16,203,993.350 | 39.65% | |
| | IA | Hartford Life & Annuity (7) | 9,677,009.162 | 23.68% | |
| | IA | Hartford Life (8) | 9,300,268.117 | 22.76% | |
| | IA | Hartford Life & Annuity (7) | 2,878,167.461 | 7.04% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 5,888,223.698 | 39.86% | |
| | IB | Jefferson National Life (11) | 1,929,157.074 | 13.06% | |
| IB | Hartford Life & Annuity (7) | 1,860,059.540 | 12.59% | Hartford Life &Annuity(7) + | 352,030.375 | 44.95% |
| IB | Riversource Life | | | Allstate Life Insurance | | | | Insurance Company (17) | 1,353,734.683 | 9.16% | Company(1) + | 227,481.392 | 29.05% |
| IB | Security Benefit Life (18) | 1,097,287.994 | 7.43% | Hartford Life &Annuity(7) | 108,717.979 | 13.88% |
| IB | Hartford Life & Annuity (7) | 829,070.183 | 5.61% | Hartford Life InsuranceCo.(9) | 41,562.964 | 5.31% |
| Putnam VT Income Fund | | | | Putnam VT Diversified Income Fund | | Putnam VT Diversified Income Fund | | | IA | Hartford Life (8) + | 8,328,784.414 | 47.45% | Hartford Life &Annuity(7) + | 8,077,716.046 | 48.11% |
| IA | Hartford Life & Annuity (7) + | 6,358,712.479 | 36.23% | HartfordLife(8) + | 7,527,831.425 | 44.84% |
| | IA | Hartford Life & Annuity (7) | 1,261,713.389 | 7.19% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 7,106,652.836 | 64.97% | |
| | IB | Allstate Life of NY (2) | 1,100,183.570 | 10.06% | |
| | IB | Hartford Life & Annuity (7) | 1,001,967.846 | 9.16% | |
| | IB | Hartford Life & Annuity (7) | 876,444.169 | 8.01% | |
| | IB | Hartford Life (8) | 638,007.709 | 5.83% | |
| | Putnam VT International Equity Fund | | | IA | Hartford Life & Annuity (7) + | 3,916,990.867 | 39.87% | |
| | IA | Hartford Life (8) + | 2,874,501.696 | 29.26% | |
| | IA | Hartford Life & Annuity (7) | 1,639,762.869 | 16.69% | |
| | IA | Hartford Life Insurance Co (9) | 902,392.446 | 9.19% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 5,601,232.836 | 27.51% | |
| IB | Hartford Life & Annuity (7) + | 5,238,855.615 | 25.73% | Hartford Life &Annuity(7) + | 17,764,370.459 | 52.65% |
| IB | Hartford Life (8) | 2,945,355.225 | 14.47% | HartfordLife(8) | 8,156,812.386 | 24.18% |
| IB | Riversource Life | | | Allstate Life | | | | Insurance Company (17) | 1,887,381.565 | 9.27% | InsuranceCompany(1) | 3,810,466.263 | 11.29% |
| IB | Allstate Northbrook Life (3) | 1,581,007.098 | 7.77% | |
| | Putnam VT International Growth Fund | | | IA | Hartford Life & Annuity (7) + | 1,077,561.858 | 51.56% | |
| | IA | Hartford Life (8) + | 905,692.065 | 43.33% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 758,019.924 | 80.38% | |
| | IB | Hartford Life & Annuity (7) | 68,706.421 | 7.29% | |
| | IB | Allstate Life of NY (2) | 56,176.353 | 5.96% | |
| |
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam VT International Value Fund | | | IA | Hartford Life & Annuity (7) + | 3,956,291.498 | 56.44% | |
| | IA | Hartford Life (8) + | 2,488,245.494 | 35.50% | |
| | IB | Hartford Life & Annuity (7) + | 2,021,130.912 | 38.31% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 1,531,364.377 | 29.02% | |
| | IB | Hartford Life (8) | 552,453.826 | 10.47% | |
| | IB | AM Gen Signature II A(4) | 484,924.338 | 9.19% | |
| | IB | Lincoln Benefit Life Co(12) | 285,758.568 | 5.42% | |
| | Putnam VT Investors Fund | | | | IA | Hartford Life (8) + | 2,906,842.748 | 49.41% | |
| | IA | Hartford Life & Annuity (7) + | 2,780,014.700 | 47.25% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 3,927,184.805 | 43.83% | |
| | IB | Hartford Life & Annuity (7) + | 2,851,632.554 | 31.82% | |
| | IB | Hartford Life (8) | 1,772,606.268 | 19.78% | |
| | Putnam VT Money Market Fund | | | | Putnam VT Equity Income Fund | | Putnam VT Equity Income Fund | | | IA | Hartford Life & Annuity (7) + | 44,375,063.828 | 49.17% | Hartford Life &Annuity(7) + | 6,201,831.022 | 60.11% |
| IA | Hartford Life (8) + | 39,787,607.000 | 44.09% | Hartford Life InsuranceCo(9)+ | 3,394,037.629 | 32.90% |
| IB | Allstate Life | | | Allstate Life | | | | Insurance Company (1) + | 67,604,960.530 | 71.80% | InsuranceCompany(1) + | 4,233,875.931 | 32.51% |
| IB | Allstate Life of NY (2) | 15,582,292.760 | 16.55% | Hartford Life &Annuity(7) | 1,911,727.294 | 14.68% |
| IB | Retirement Builder Variable | | | Guardian Insurance & | | | | Annuity Account (16) | 4,718,649.130 | 5.01% | Annuity Co.Inc.(6) | 1,732,644.963 | 13.31% |
| Putnam VT Multi-Cap Growth Fund | | | | IA | Hartford Life & Annuity (7) + | 6,246,292.172 | 31.20% | |
| | IA | Hartford Life (8) + | 5,908,400.218 | 29.51% | |
| | IA | Riversource Life | | | | | Insurance Company (17) + | 5,464,332.800 | 27.29% | |
| | IB | Allstate Life | | | | | Insurance Company (1) + | 2,905,237.479 | 44.80% | |
| | IB | Riversource Life | | | | | Insurance Company (17) | 1,241,807.755 | 19.15% | |
| | IB | Hartford Life & Annuity (7) | 1,073,722.554 | 16.56% | Metlife InvestorsVA(13) | 1,382,190.320 | 10.61% |
| IB | Hartford Life (8) | 363,865.400 | 5.61% | Hartford Life InsuranceCo(9) | 713,274.482 | 5.48% |
| Putnam VT Multi-Cap Value Fund | | | | Putnam VT George Putnam Balanced Fund | | Putnam VT George Putnam Balanced Fund | | IA | Hartford Life & Annuity (7) + | 820,383.222 | 52.06% | Hartford Life &Annuity(7) + | 5,466,396.350 | 58.50% |
| IA | Hartford Life Insurance Co (9) + 755,560.732 | 47.94% | HartfordLife(8) + | 3,477,536.017 | 37.21% |
| IB | Allstate Life | | | Allstate Life | | | | Insurance Company (1) + | 412,282.333 | 59.51% | InsuranceCompany(1) + | 6,701,596.281 | 69.92% |
| IB | Hartford Life & Annuity (7) | 162,857.529 | 23.51% | Hartford Life &Annuity(7) | 1,612,412.818 | 16.82% |
| IB | Hartford Life Insurance Co (9) | 75,722.189 | 10.93% | HartfordLife(8) | 586,969.275 | 6.12% |
| Putnam VT Research Fund | | | | IB | | Allstate Life ofNY(2) | 568,405.559 | 5.93% |
| |
| Putnam VT Global Asset Allocation Fund | | Putnam VT Global Asset Allocation Fund | | IA | Hartford Life & Annuity (7) + | 720,143.567 | 49.39% | Hartford Life &Annuity(7) + | 3,670,768.317 | 47.44% |
| IA | Hartford Life (8) + | 699,697.767 | 47.99% | HartfordLife(8) + | 3,348,955.793 | 43.28% |
| IB | Allstate Life | | | Allstate Life | | | | Insurance Company (1) + | 1,539,850.944 | 81.86% | InsuranceCompany(1) + | 1,370,798.170 | 41.26% |
| IB | Hartford Life & Annuity (7) | 140,327.561 | 7.46% | Hartford Life &Annuity(7) + | 1,206,973.284 | 36.33% |
| IB | Allstate Life of NY(2) | 111,215.461 | 5.91% | HartfordLife(8) | 525,958.264 | 15.83% |
| Putnam VT Small Cap Value Fund | | | | IB | | Allstate Life ofNY(2) | 212,853.174 | 6.41% |
| |
| Putnam VT Global Equity Fund | | Putnam VT Global Equity Fund | | | IA | | Hartford Life &Annuity(7) + | 6,844,491.527 | 51.02% |
| |
| IA | Hartford Life & Annuity(7) + | 1,761,895.874 | 50.32% | HartfordLife(8) + | 5,827,992.036 | 43.45% |
| IA | Hartford Life (8) + | 1,666,546.658 | 47.59% | Hartford Life InsuranceCo(9) | 690,062.616 | 5.14% |
| IB | Hartford Life & Annuity (7) + | 2,867,057.377 | 36.96% | Allstate Life | | |
|
| InsuranceCompany(1) + | 1,242,502.736 | 74.29% |
| |
| IB | Hartford Life (8) | 1,633,186.909 | 21.06% | Allstate Life ofNY(2) | 129,255.283 | 7.73% |
| |
| IB | | Retirement Builder Variable | | | | | AnnuityAccount(16) | 112,615.395 | 6.73% |
| |
| IB | | Hartford Life &Annuity(7) | 89,019.165 | 5.32% |
| |
| Putnam VT Global Health Care Fund | | Putnam VT Global Health Care Fund | | IA | | Hartford Life &Annuity(7) + | 1,497,633.605 | 48.27% |
| |
| IA | | HartfordLife(8) + | 1,389,413.524 | 44.78% |
| IB | Allstate Life | | | Riversource Life | | | | nsurance Company (1) | 1,584,926.560 | 20.43% | InsuranceCompany(17) + | 1,973,363.327 | 36.78% |
| IB | Northbrook Life | | | Allstate Life | | | | Insurance Company(14) | 836,000.352 | 10.78% | InsuranceCompany(1) + | 1,746,665.134 | 32.56% |
| IB | Hartford Life & Annuity (7) | 412,442.124 | 5.32% | Lincoln NationalVariable(12) | 585,137.867 | 10.91% |
| Putnam VT Voyager Fund | | | | Putnam VT Global Utilities Fund | | Putnam VT Global Utilities Fund | | | IA | Hartford Life (8) + | 6,696,376.538 | 46.76% | HartfordLife(8) + | 3,621,415.391 | 52.63% |
| IA | Hartford Life & Annuity (7) + | 5,892,021.556 | 41.15% | Hartford Life &Annuity(7) + | 2,987,281.380 | 43.41% |
| IB | | Allstate Life | | | | | InsuranceCompany(1) + | 911,633.574 | 78.05% |
| |
| IB | | Allstate Life ofNY(2) | 107,476.132 | 9.20% |
| |
| IB | | Hartford Life &Annuity(7) | 101,813.427 | 8.72% |
| |
| Putnam VT Growth and Income Fund Putnam | | Putnam VT Growth and Income Fund Putnam | | IA | Hartford Life & Annuity (7) | 823,496.060 | 5.75% | HartfordLife(8) + | 23,107,111.460 | 48.44% |
| IA | | Hartford Life &Annuity(7) + | 20,759,820.549 | 43.52% |
| |
| IB | | Allstate Life | | | | | InsuranceCompany(1) + | 6,418,062.436 | 60.81% |
| |
| IB | | Hartford Life &Annuity(7) | 1,019,646.146 | 9.66% |
| |
| IB | | Allstate Life ofNY(2) | 575,463.636 | 5.45% |
| |
| IB | | HartfordLife(8) | 538,550.054 | 5.10% |
| |
|
| Class | Shareholder Name and Address | Holdings | Percentage Owned | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam VT Growth Opportunities Fund | | Putnam VT Growth Opportunities Fund | | IA | | Hartford Life &Annuity(7) + | 986,178.172 | 55.72% |
| |
| IA | | HartfordLife(8) + | 750,034.766 | 42.38% |
| |
| IB | Allstate Life | | | Allstate Life | | | | Insurance Company (1) + | 2,196,166.243 | 48.89% | InsuranceCompany(1) + | 1,323,153.968 | 73.97% |
| |
| IB | | Hartford Life &Annuity(7) | 127,093.241 | 7.11% |
| |
| IB | | Allstate Life ofNY(2) | 122,817.343 | 6.87% |
| |
| IB | | HartfordLife(8) | 103,696.017 | 5.80% |
| |
| IB | | Retirement Builder Variable | | | | | AnnuityAccount(16) | 100,317.322 | 5.61% |
| |
| Putnam VT High Yield Fund | | Putnam VT High Yield Fund | | | IA | | CMFGGROUP(5) + | 16,203,993.350 | 39.65% |
| |
| IA | | Hartford Life &Annuity(7) + | 12,555,176.623 | 30.72% |
| |
| IA | | HartfordLife(8) | 9,300,268.117 | 22.76% |
| |
| IB | | Allstate Life | | | | | InsuranceCompany(1) + | 5,888,223.698 | 39.86% |
| |
| IB | | Jefferson NationalLife(11) | 1,929,157.074 | 13.06% |
| |
| IB | | Hartford Life &Annuity(7) | 2,689,129.723 | 18.20% |
| |
| IB | | Riversource Life | | | | | InsuranceCompany(17) | 1,353,734.683 | 9.16% |
| |
| IB | | Security BenefitLife(18) | 1,097,287.994 | 7.43% |
| |
| Putnam VT Income Fund | | Putnam VT Income Fund | | | IA | | HartfordLife(8) + | 8,328,784.414 | 47.45% |
| |
| IA | | Hartford Life &Annuity(7) + | 7,620,425.868 | 43.42% |
| |
| IB | | Allstate Life | | | | | InsuranceCompany(1) + | 7,106,652.836 | 64.97% |
| |
| IB | | Allstate Life ofNY(2) | 1,100,183.570 | 10.06% |
| |
| IB | | Hartford Life &Annuity(7) | 1,878,412.015 | 17.17% |
| |
| IB | | HartfordLife(8) | 638,007.709 | 5.83% |
| |
| Putnam VT International Equity Fund | | Putnam VT International Equity Fund | | IA | | Hartford Life &Annuity(7) + | 5,556,753.736 | 56.56% |
| |
| IA | | HartfordLife(8) + | 2,874,501.696 | 29.26% |
| |
| IA | | Hartford Life InsuranceCo(9) | 902,392.446 | 9.19% |
| |
| IB | | Allstate Life | | | | | InsuranceCompany(1) + | 5,601,232.836 | 27.51% |
| |
| IB | | Hartford Life &Annuity(7) + | 5,238,855.615 | 25.73% |
| |
| IB | | HartfordLife(8) | 2,945,355.225 | 14.47% |
| |
| IB | | Riversource Life | | | | | InsuranceCompany(17) | 1,887,381.565 | 9.27% |
| |
| IB | | Allstate NorthbrookLife(3) | 1,581,007.098 | 7.77% |
| |
| Putnam VT International Growth Fund | | Putnam VT International Growth Fund | | IA | | Hartford Life &Annuity(7) + | 1,077,561.858 | 51.56% |
| |
| IA | | HartfordLife(8) + | 905,692.065 | 43.33% |
| |
| IB | | Allstate Life | | | | | InsuranceCompany(1) + | 758,019.924 | 80.38% |
| |
| IB | | Hartford Life &Annuity(7) | 68,706.421 | 7.29% |
| |
| IB | | Allstate Life ofNY(2) | 56,176.353 | 5.96% |
| |
| Putnam VT International Value Fund | | Putnam VT International Value Fund | | IA | | Hartford Life &Annuity(7) + | 3,956,291.498 | 56.44% |
| |
| IA | | HartfordLife(8) + | 2,488,245.494 | 35.50% |
| IB | Hartford Life & Annuity (7) | 604,207.509 | 13.45% | Hartford Life &Annuity(7) + | 2,021,130.912 | 38.31% |
| IB | Principal Financial | | | Allstate Life | | | | Group PFLX(15) | 422,582.657 | 9.41% | InsuranceCompany(1) + | 1,531,364.377 | 29.02% |
| IB | Hartford Life (3) | 245,464.364 | 5.46% | HartfordLife(8) | 552,453.826 | 10.47% |
| IB | Allstate Northbrook Life (3) | 238,133.941 | 5.30% | AM Gen Signature IIA(4) | 484,924.338 | 9.19% |
| IB | | Lincoln Benefit LifeCo(12) | 285,758.568 | 5.42% |
| |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam VT Investors Fund | | | IA | HartfordLife(8) + | 2,906,842.748 | 49.41% |
| IA | Hartford Life &Annuity(7) + | 2,780,014.700 | 47.25% |
| IB | Allstate Life | | | | InsuranceCompany(1) + | 3,927,184.805 | 43.83% |
| IB | Hartford Life &Annuity(7) + | 2,851,632.554 | 31.82% |
| IB | HartfordLife(8) | 1,772,606.268 | 19.78% |
| Putnam VT Money Market Fund | | | IA | Hartford Life &Annuity(7) + | 44,375,063.828 | 49.17% |
| IA | HartfordLife(8) + | 39,787,607.000 | 44.09% |
| IB | Allstate Life | | | | InsuranceCompany(1) + | 67,604,960.530 | 71.80% |
| IB | Allstate Life ofNY(2) | 15,582,292.760 | 16.55% |
| IB | Retirement Builder Variable | | | | AnnuityAccount(16) | 4,718,649.130 | 5.01% |
| Putnam VT Multi-Cap Growth Fund | | | IA | Hartford Life &Annuity(7) + | 6,246,292.172 | 31.20% |
| IA | HartfordLife(8) + | 5,908,400.218 | 29.51% |
| IA | Riversource Life | | | | InsuranceCompany(17) + | 5,464,332.800 | 27.29% |
| IB | Allstate Life | | | | InsuranceCompany(1) + | 2,905,237.479 | 44.80% |
| IB | Riversource Life | | | | InsuranceCompany(17) | 1,241,807.755 | 19.15% |
| IB | Hartford Life &Annuity(7) | 1,073,722.554 | 16.56% |
| IB | HartfordLife(8) | 363,865.400 | 5.61% |
| Putnam VT Multi-Cap Value Fund | | | IA | Hartford Life &Annuity(7) + | 820,383.222 | 52.06% |
| IA | Hartford Life InsuranceCo(9) + | 755,560.732 | 47.94% |
| IB | Allstate Life | | | | InsuranceCompany(1) + | 412,282.333 | 59.51% |
| IB | Hartford Life &Annuity(7) | 162,857.529 | 23.51% |
| IB | Hartford Life InsuranceCo(9) | 75,722.189 | 10.93% |
| Putnam VT Research Fund | | | IA | Hartford Life &Annuity(7) + | 720,143.567 | 49.39% |
| IA | HartfordLife(8) + | 699,697.767 | 47.99% |
| IB | Allstate Life | | | | InsuranceCompany(1) + | 1,539,850.944 | 81.86% |
| IB | Hartford Life &Annuity(7) | 140,327.561 | 7.46% |
| IB | Allstate Life ofNY(2) | 111,215.461 | 5.91% |
| Putnam VT Small Cap Value Fund | | | IA | Hartford Life &Annuity(7) + | 1,761,895.874 | 50.32% |
| IA | HartfordLife(8) + | 1,666,546.658 | 47.59% |
| IB | Hartford Life &Annuity(7) + | 3,279,499.501 | 42.28% |
| IB | HartfordLife(8) | 1,633,186.909 | 21.06% |
| IB | Allstate Life | | | | InsuranceCompany(1) | 1,584,926.560 | 20.43% |
| IB | Northbrook Life | | | | InsuranceCompany(14) | 836,000.352 | 10.78% |
| Putnam VT Voyager Fund | | | IA | HartfordLife(8) + | 6,696,376.538 | 46.76% |
| IA | Hartford Life &Annuity(7) + | 6,715,517.616 | 46.90% |
| IB | Allstate Life | | | | InsuranceCompany(1) + | 2,196,166.243 | 48.89% |
| IB | Hartford Life &Annuity(7) | 604,207.509 | 13.45% |
| IB | Principal Financial | | | | GroupPFLX(15) | 422,582.657 | 9.41% |
| IB | HartfordLife(3) | 245,464.364 | 5.46% |
| IB | Allstate NorthbrookLife(3) | 238,133.941 | 5.30% |
|
* The address for the name listed is: c/o Mercer Trust Company, as trustee oragent, Investors Way, Norwood, MA 02062. 02062
** The address for the name listed is: c/o Great-West Trust Company, LLC, astrustee or agent, 8515 E. Orchard Road Greenwood Village, CO 80111-5002
*** The address for the name listed is: c/o Putnam Investments, One Post OfficeSquare, Boston, MA 02109.
02109
**** The address for the name listed above is: c/o Orchard Trust Company, LLC, astrustee or agent, 8515 E. Orchard Road, Greenwood Village, CO 80111-5002
+ Shareholder may be deemed to control the indicated fund.
fund
The addresses for the shareholders listed above are:
(1) Retirement Builder Variable Annuity Account, 4333 Edgewood Rd NE,Cedar Rapids IA 52499-0001
(2) Allstate Life Insurance Co., 3100 Sanders Road, Northbrook, IL 60062
(3) Allstate Life of New York, 3100 Sanders Road, Northbrook, IL 60062
(4) Allstate Northbrook Life, 3100 Sanders Road, Northbrook, IL 60062
(5) Am Gen Signature II A, 2727 Allen PKWY, Suite A, Houston, Texas 77019-2116
(6) CMFG Group, 2000 Heritage Way, Waverly, IA 50677
(7) Guardian Insurance & Annuity, 3900 Burgess Pl, Bethlehem PA 18017
(8) Hartford Life & Annuity, 1 Griffin Rd. N., Windsor, CT 06095
(9) Hartford Life, 1 Griffin Rd. N., Windsor, CT 06095
(10) Hartford Life Insurance Co., 1 Griffin Rd. N., Windsor, CT 06095
(11) Horace Mann Life Insurance Company, 1 Horace Mann Plz, Springfield, Il 62715
(12) Lincoln Benefit Life, C/O Allstate Financial, 544 Lakeview Pkwy, Vernon Hills,IL 60061
(13) Lincoln National Variable, Universal Life, 1300 S. Clinton St., Fort Wayne,IN 46802
(14) MetLife Investors VA/VL Acct 1, 501 Boylston St., Boston, MA 02116
(15) Northbrook Life Insurance, 3100 Sanders Rd Ste K4A, Northbrook IL 60062
(16) Principal Financial Group PFLX, 711 High St, Des Moines, IA 50392
(17) Riversource Life Insurance Company, 70100 Ameriprise Financial Center,Minneapolis, MN 55474
(18) Sun Life Assurance Company of Canada (US),1 Sun Life Executive ParkSC3241, Wellesley Hills, MA 02481
(19) Jefferson National Life, 10350 Ormsby Park Pl, Ste 600,Louisville KY 40223-6175
(20) Security Benefit Life, Variable Annuity Account XIV, 1 Security Benefit Pl,Topeka KS 66636-1000 Additional ownership information for Putnam closed-end funds In addition to the holdings information listed above, for the Putnam closed-end funds, as of September 30, 2013, to the knowledge of the funds, the following additional persons owned beneficially or of record more than 5% of the common and, where applicable, preferred shares of certain Putnam closed-end funds. | | | | Fund | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam High Income Securities Fund | | | | [ ] | [ ] | [ ] |
| Putnam Managed Municipal Income Trust | | | | [ ] | [ ] | [ ] |
| Putnam Master Intermediate Income Trust | | | | [ ] | [ ] | |
| Putnam Municipal Opportunities Trust | | | | [ ] | [ ] | [ ] |
| Putnam Premier Income Trust | | | | [ ] | [ ] | [ ] |
|
| | | | Fund | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam High Income Securities Fund | | | | CEDE & Company* | | | | 20 Bowling Green | | | | New York, NY 10004-1408 | 15,707,322 | 95.12% |
| | First Trust Portfolios L.P.** | | | | First Trust Advisors L.P. | | | | The Charger Corporation | | | | 120 East Liberty Drive, Suite 400 | | | | Wheaton, IL 60187 | 1,684,710 | 10.20% |
| | Guggenheim Capital, LLC*** | | | | Guggenheim Partners, LLC | | | | GP Holdco, LLC | | | | GPFT Holdco, LLC | | | | 227 West Monroe Street | | | | Chicago, IL 60606 | | | | | Guggenheim Funds Services Holdings, LLC | | | Guggenheim Funds Services, LLC | | | | Guggenheim Funds Distributors, LLC | | | 2455 Corporate West Dr. | | | | Lisle, IL 60532 | 1,303,669 | 7.89% |
|
| | | | Class | Shareholder Name and Address | Holdings | Percentage Owned |
| Putnam Managed Municipal Income Trust | | | CEDE & Company* | | | | 20 Bowling Green | 53,885,264 | | | New York, NY 10004-1408 | common shares | 93.71% |
| | First Trust Portfolios L.P.**** | | | | First Trust Advisors L.P. | | | | The Charger Corporation | | | | 120 East Liberty Drive, Suite 400 10,795,436 | | | Wheaton, IL 60187 | common shares | 18.77% |
| | Bank of AmericaCorporation# | | | | Bank of America, NA | | | | Bank of America Corporate Center | | | 100 South Tryon Street | | | | Charlotte, NC 28255 | | | | | | Blue Ridge Investments, L.L.C.# | | | | 214 South Tryon Street | 1,607 | | | Charlotte, NC 28255 | preferred shares | 72.22% |
| Putnam Master Intermediate Income Trust | | | CEDE & Company* | | | | 20 Bowling Green | | | | New York, NY 10004-1408 | 59,917,399 | 95.29% |
| | First Trust Portfolios L.P.## | | | | First Trust Advisors L.P. | | | | The Charger Corporation | | | | 120 East Liberty Drive, Suite 400 14,698,285 | | | Wheaton, IL 60187 | common shares | 23.37% |
| Putnam Municipal Opportunities Trust | | | CEDE & Company* | | | | 20 Bowling Green | | | | New York, NY 10004-1408 | 40,550,875 | 96.52% |
| | First Trust Portfolios L.P.### | | | | First Trust Advisors L.P. | | | | The Charger Corporation | | | | 120 East Liberty Drive, Suite 400 9,422,608 | | | Wheaton, IL 60187 | common shares | 22.43% |
| | Bank of AmericaCorporation#### | | | Bank of America, NA | | | | Bank of America Corporate Center | | | 100 South Tryon Street | 661 | | | Charlotte, NC 29255 | preferred shares | 9.24% |
| | Blue Ridge Investments, L.L.C.#### | | | 214 North Tryon Street | 4,557 | | | Charlotte, NC 28255 | preferred shares | 63.70% |
| Putnam Premier Income Trust | | | | CEDE & Company* | | | | 20 Bowling Green | | | | New York, NY 10004-1408 | 127,598,742 | 94.02% |
| | First Trust Portfolios L.P.##### | | | | First Trust Advisors L.P. | | | | The Charger Corporation | | | | 120 East Liberty Drive, Suite 400 | | | Wheaton, IL 60187 | 32,227,528 | 23.75% |
|
* Believed to hold shares only as nominee. ** First Trust Portfolios, L.P., First Trust Advisors L.P., and The Charger Corporation reported shared beneficial share ownership as of December 31, 2012 in a January 25, 2013 filing with the SEC on Schedule 13G. Some or all of this 10.20% position may already be reflected in Cede & Company’s position in the fund. *** Guggenheim Capital, LLC, Guggenheim Partners, LLC, GP Holdco, LLC, GPFT Holdco, LLC, Guggenheim Funds Services Holdings, LLC, Guggenheim Funds Services, LLC, and Guggenheim Funds Distributors, LLC reported shared beneficial ownership as of December 31, 2012 in a February 14, 2013 filing with the SEC on Schedule 13G. Some or all of this 7.89% position may already be reflected in Cede & Company’s position in the fund. **** First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation reported shared beneficial share ownership as of December 31, 2012 in a January 9, 2013 filing with the SEC on Schedule 13G. Some or all of this 18.77% may already be reflected in Cede & Company’s position in the fund. #Bank of America Corporation and Blue Ridge Investments, L.L.C. reported shared beneficial ownership as of January 1, 2011 in a January 11, 2011 filing with the SEC on Schedule 13D. ##First Trust Portfolios, L.P., First Trust Advisors L.P., and The Charger Corporation reported shared beneficial share ownership as of December 31, 2012 in a January 14, 2013 filing with the SEC on Schedule 13G. Some or all of this 23.37% position may already be reflected in Cede & Company’s position in the fund. ###First Trust Portfolios, L.P., First Trust Advisors L.P., and The Charger Corporation reported shared beneficial share ownership as of December 31, 2012 in a January 10, 2013 filing with the SEC on Schedule 13G. Some or all of this 22.43% position may already be reflected in Cede & Company’s position in the fund. ####Bank of America Corporation and Blue Ridge Investments, L.L.C. reported shared beneficial ownership as of January 1, 2011 in a January 11, 2011 filing with the SEC on Schedule 13D. #####First Trust Portfolios, L.P., First Trust Advisors L.P., and The Charger Corporation reported shared beneficial share ownership as of December 31, 2012 in a January 9, 2013 filing with the SEC on Schedule 13G. Some or all of this 23.75% position may already be reflected in Cede & Company’s position in the fund.
Appendix ML — Form of Amended and Restated Declaration of Trust | [INSERT NAME OF FUND] | | AMENDED AND RESTATED AGREEMENT | AND DECLARATION OF TRUST |
This AMENDED AND RESTATED AGREEMENT AND DECLARATION OF TRUST made at Boston, Massachusetts, on this ____ day of _________, 2014, hereby amends and restates in its entirety the Agreement and Declaration of Trust dated _______________, as heretofore amended, by the Trustees hereunder and by the holders of shares of beneficial interest issued hereunder as hereinafter provided. WHEREAS, this Trust has been formed to carry on the business of an investment company; and WHEREAS, the Trustees have agreed to manage all property coming into their hands as trustees of a Massachusetts voluntary association with transferable shares in accordance with the provisions hereinafter set forth; NOW, THEREFORE, the Trustees hereby declare that they will hold all cash, securities and other assets, which they may from time to time acquire in any manner as Trustees hereunder IN TRUST to manage and dispose of the same upon the following terms and conditions for the benefit of the holders from time to time of Shares in this Trust as hereinafter set forth. | ARTICLE I | Name and Definitions |
Name Section 1. This Trust shall be known as “[insert name of fund]” and the Trustees shall conduct the business of the Trust under that name or any other name as they may from time to time determine. Definitions Section 2. Whenever used herein, unless otherwise required by the context or specifically provided: (a) The “Trust” refers to the Massachusetts business trust established by this Agreement and Declaration of Trust, as amended from time to time; “Trustees”(b) “Trustees” refers to the Trustees of the Trust elected in accordance with Article IV;
“Shares”(c) “Shares” means the equal proportionate transferable units of interest into which the beneficial interest in the Trust shall be divided from time to time or, if more than one series or class of Shares is authorized by the Trustees, the equal proportionate transferable units into which each series or class of Shares shall be divided from time to time;
(d)“Shareholder” means a record owner of Shares; (e) The “1940 Act” refers to the Investment Company Act of 1940 and the Rules and Regulations thereunder, all as amended from time to time; (f) The terms “Affiliated Person”, “Assignment”, “Commission”, “Interested Person”, “Principal Underwriter” and “Majority Shareholder Vote” (the 67% or 50% requirement of the third sentence of Section 2(a)(42) of the 1940 Act, whichever may be applicable) shall have the meanings given them in the 1940 Act (as modified by any applicable exemptive order issued thereunder by the Securities and Exchange Commission); “Declaration(g) “Declaration of Trust” shall mean this Agreement and Declaration of Trust as amended or restated from time to time;
“Bylaws”(h) “Bylaws” shall mean the Bylaws of the Trust as amended or restated from time to time;
(i) The term “series” or “series of Shares” refers to the one or more separate investment portfolios of the Trust into which the assets and liabilities of the Trust may be divided and the Shares of the Trust representing the beneficial interest of Shareholders in such respective portfolios; and (j) The term “class” or “class of Shares” refers to the division of Shares representing any series into two or more classes as provided in Article III, Section 1 hereof. | ARTICLE II | Purpose of Trust |
The purpose of the Trust is to provide investors a managed investment primarily in securities, debt instruments and other instruments and rights of a financial character. Division of Beneficial Interest Section 1. The number of Shares authorized shall be unlimited. The Shares of the Trust shall be issued in one or more series as the Trustees may, without shareholder approval, authorize. Each series shall be preferred over all other series in respect of the assets allocated to that series within the meaning of the 1940 Act and shall represent a separate investment portfolio of the Trust. The beneficial interest in each series shall at all times be divided into Shares, without par value unless otherwise determined by the Trustees, each of which shall, except as provided in the following sentence, represent an equal proportionate interest in the series with each other Share of the same series, none having priority or preference over another. The Trustees may, without Shareholder approval, divide the Shares of any series into two or more classes, Shares of each such class having such preferences and special or relative rights and privileges (including conversion rights, if any) as the Trustees may determine and as shall be set forth in the Bylaws. The Trustees may, without Shareholder approval, from time to time divide or
combine the Shares of any series or class into a greater or lesser number without thereby changing the proportionate beneficial interest in the series or class. The Trustees may also, without shareholder approval, from time to time combine the Shares or two or more classes of any series into a single class.
Ownership of Shares Section 2. The ownership of Shares shall be recorded on the books of the Trust or a transfer or similar agent. No certificates certifying the ownership of Shares shall be issued except as the Trustees may otherwise determine from time to time. The Trustees may make such rules as they consider appropriate for the issuance of Share certificates, the retirement of Share certificates, the transfer of Shares and similar matters. The record books of the Trust as kept by the Trust or any transfer or similar agent, as the case may be, shall be conclusive as to who are the Shareholders of each series and class and as to the number of Shares of each series and class held from time to time by each Shareholder. Investment in the Trust Section 3. The Trustees shall accept investments in the Trust from such persons and on such terms and for such consideration, which may consist of cash or tangible or intangible property or a combination thereof, as they or the Bylaws from time to time authorize. All consideration received by the Trust for the issue or sale of Shares of each series, together with all income, earnings, profits, and proceeds thereof, including any proceeds derived from the sale, exchange or liquidation thereof, and any funds or payments derived from any reinvestment of such proceeds in whatever form the same may be, shall irrevocably belong to the series of Shares with respect to which the same were received by the Trust for all purposes, subject only to the rights of creditors, and shall be so handled upon the books of account of the Trust and are herein referred to as “assets of” such series. No Preemptive Rights Section 4. Shareholders shall have no preemptive or other right to subscribe to any additional Shares or other securities issued by the Trust. Status of Shares and Limitation of Personal Liability Section 5. Shares shall be deemed to be personal property giving only the rights provided in this Declaration of Trust or the Bylaws. Every Shareholder by virtue of having become a Shareholder shall be held to have expressly assented and agreed to the terms of this Declaration of Trust and the Bylaws and to have become a party thereto. The death of a Shareholder during the continuance of the Trust shall not operate to terminate the same nor entitle the representative of any deceased Shareholder to an accounting or to take any action in court or elsewhere against the Trust or the Trustees, but only to the rights of said decedent under this Trust. Ownership of Shares shall not entitle the Shareholder to any title in or to the whole or any part of the Trust property or right to call for a partition or division of the samethesame or for an accounting, nor shall the ownership of Shares constitute the Shareholders partners. Neither the Trust nor the Trustees, nor any officer, employee or agent of the Trust shall have any power to bind personally any Shareholder, nor except as specifically provided herein to call upon any Shareholder for the payment of any sum of money or assessment whatsoever other than such as the Shareholder may at any time personally agree to pay. Derivative Actions Section 6. No Shareholder shall have the right to bring or maintain any court action, proceeding or claim on behalf of the Trust without first making demand on the Trustees requesting the Trustees to bring or maintain such action, proceeding or claim. Such demand shall be mailed to the Clerk of the Trust at the Trust’s principal office and shall set forth in reasonable detail the nature of the proposed court action, proceeding or claim and the essential facts relied upon by the Shareholder to support the allegations made in the demand. The Trustees may determine whether the bringing or maintenance of any such action, proceeding or claim is in the best interests of the Trust or, alternatively in their sole discretion, may submit the matter to a vote of the Shareholders of the Trust. Any such determination made by the Trustees in good faith shall be binding on all Shareholders. Exclusive Selection of Forum for Certain Shareholder Actions Section 7. Any action brought by a Shareholder seeking to enforce any right or privilege of Shareholders under this Declaration of Trust, challenging the powers of the Trustees thereunder, alleging a breach of fiduciary duty by any Trustee or officer of the Trust or otherwise involving primarily the internal affairs of the Trust may be brought only in the courts of The Commonwealth of Massachusetts. Election Section 1. A Trustee may be elected either by the Trustees or by the Shareholders. The number of Trustees shall be fixed from time to time by the Trustees and, at or after the commencement of the business of the Trust, shall be not less than three. Each Trustee elected by the Trustees or the Shareholders shall serve until he or she retires, resigns, is removed or dies or until the next meeting of Shareholders called for the purpose of electing Trustees and until the election and qualification of his or her successor. Removal Section 2. A Trustee may be removed (i) by vote of the holders of two-thirds of the outstanding Shares at a meeting called for the purpose or (ii) by vote of two-thirds of the Trustees. Effect of Death, Resignation, etc. of a Trustee Section 3. The death, declination, resignation, retirement, removal or incapacity of the Trustees, or any one of them, shall not operate to annul the Trust or to revoke any existing agency created pursuant to the terms of this Declaration of Trust.
Powers Section 4. Subject to the provisions of this Declaration of Trust, the business of the Trust shall be managed by the Trustees, and they shall have all powers necessary or convenient to carry out that responsibility. Without limiting the foregoing, the Trustees may adopt Bylaws not inconsistent with this Declaration of Trust providing for the conduct of the business of the Trust and may amend and repeal them to the extent that such Bylaws do not reserve that right to the Shareholders; they may fill vacancies in or add to their number, and may elect and remove such
officers and appoint and terminate such agents as they consider appropriate; they may appoint from their own number, and terminate, any one or more committees consisting of two or more Trustees, including an executive committee which may, when the Trustees are not in session, exercise some or all of the power and authority of the Trustees as the Trustees may determine; they may employ one or more custodians of the assets of the Trust and may authorize such custodians to employ subcustodians and to deposit all or any part of such assets in a system or systems for the central handling of securities, retain a transfer agent or a Shareholder servicing agent, or both, provide for the distribution of Shares by the Trust, through one or more principal underwriters or otherwise, set record dates for the determination of Shareholders with respect to various matters, and in general delegate such authority as they consider desirable to any officer of the Trust, to any committee of the Trustees and to any agent or employee of the Trust or to any such custodian or underwriter. Without limiting the foregoing, the Trustees shall have power and authority: (a) To invest and reinvest cash, and to hold cash uninvested; (b) To sell, exchange, lend, pledge, mortgage, hypothecate, write options on and lease any or all of the assets of the Trust; (c) To vote or give assent, or exercise any rights of ownership, with respect to stock or other securities or property; and to execute and deliver proxies or powers of attorney to such person or persons as the Trustees shall deem proper, granting to such person or persons such power and discretion with relation to securities or property as the Trustees shall deem proper; (d) To exercise powers and rights of subscription or otherwise which in any manner arise out of ownership of securities; (e) To hold any security or property in a form not indicating any trust, whether in bearer, unregistered or other negotiable form, or in the name of the Trustees or of the Trust or in the name of a custodian, subcustodian or other depositary or a nominee or nominees or otherwise; (f) Subject to the provisions of Article III, Section 3, to allocate assets, liabilities, income and expenses of the Trust to a particular series of Shares or to apportion the same among two or more series, provided that any liabilities or expenses incurred by or arising in connection with a particular series of Shares shall be payablebepayable solely out of the assets of that series; and to the extent necessary or appropriate to give effect to the preferences and special or relative rights and privileges of any classes of Shares, to allocate assets, liabilities, income and expenses of a series to a particular class of Shares of that series or to apportion the same among two or more classes of Shares of that series; (g) To consent to or participate in any plan for the reorganization, consolidation or merger of any corporation or issuer, any security of which is or was held in the Trust; to consent to any contract, lease, mortgage, purchase or sale of property by suchcorporationsuch corporation or issuer, and to pay calls or subscriptions with respect to any security held in the Trust; (h) To join other security holders in acting through a committee, depositary, voting trustee or otherwise, and in that connection to deposit any security with, or transfer any security to, any such committee, depositary or trustee, and to delegate to them such power and authority with relation to any security (whether or not so deposited or transferred) as the Trustees shall deem proper, and to agree to pay, and to pay, such portion of the expenses and compensation of such committee, depositary or trustee as the Trustees shall deem proper; (i) To compromise, arbitrate or otherwise adjust claims in favor of or against the Trust or any matter in controversy, including but not limited to claims for taxes; (j) To enter into joint ventures, general or limited partnerships and any other combinations or associations; (k) To borrow funds; (l) To endorse or guarantee the payment of any notes or other obligations of any person; to make contracts of guaranty or suretyship, or otherwise assume liability for payment thereof; and to mortgage and pledge the Trust property or any part thereof to secure any of or all such obligations; (m) To purchase and pay for entirely out of Trust property such insurance as they may deem necessary or appropriate for the conduct of the business, including without limitation, insurance policies insuring the assets of the Trust and payment of distributions and principal on its portfolio investments, and insurance policies insuring the Shareholders, Trustees, officers, employees, agents, investment advisers or managers, principal underwriters, or independent contractors of the Trust individually against all claims and liabilities of every nature arising by reason of holding, being or having held any such office or position, or by reason of any action alleged to have been taken or omitted by any such person as Shareholder, Trustee, officer, employee, agent, investment adviser or manager, principal underwriter, or independent contractor, including any action taken or omitted that may be determined to constitute negligence, whether or not the Trust would have the power to indemnify such person against such liability; and (n) To pay pensions for faithful service, as deemed appropriate by the Trustees, and to adopt, establish and carry out pension,
profit-sharing, share bonus, share purchase, savings, thrift and other retirement, incentive and benefit plans, trusts and provisions, including the purchasing of life insurance and annuity contracts as a means of providing such retirement and other benefits, for any or all of the Trustees, officers, employees and agents of the Trust. The Trustees shall not in any way be bound or limited by any present or future law or custom in regard to investments by trustees. Except as otherwise provided herein or from time to time in the Bylaws, any action to be taken by the Trustees may
be taken by a majority of the Trustees present at a meeting of the Trustees (a quorum being present), within or without Massachusetts, including any meeting held by means of a conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other at the same time and participation by such means shall constitute presence in person at a meeting, or by written consents of a majority of the Trustees then in office. Payment of Expenses by Trust Section 4.5. The Trustees are authorized to pay or to cause to be paid out of the assets of the Trust, all expenses, fees, charges, taxes and liabilities incurred or arising in connection with the Trust, or in connection with the management thereof, including, but not limited to, the Trustees’ compensation and such expenses and charges for the services of the Trust’s officers, employees, investment adviser or manager, principal underwriter, auditor, counsel, custodian, transfer agent, Shareholder servicing agent, and such other agents or independent contractors and such other expenses and charges as the Trustees may deem necessary or proper to incur, provided, however, that all expenses, fees, charges, taxes and liabilities incurred by or arising in connection with a particular series of Shares shall be payable solely out of the assets of that series. Ownership of Assets of the Trust Section 5.6. Title to all of the assets of each series of Shares and of the Trust shall at all times be considered as vested in the Trustees. Advisory, Management and Distribution Section 6.7. Subject to a favorable Majority Shareholder Vote to the extent required by applicable law, the Trustees may, at any time and from time to time, contract for exclusive or nonexclusive advisory and/or management services with any corporation, trust, association or other organization (the “Manager”), every such contract to comply with such requirements and restrictions as may be set forth in the Bylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine, including, without limitation, authority to determine from time to time what investments shall be purchased, held, sold or exchanged and what portion, if any, of the assets of the Trust shall be held uninvested and to make changes in the Trust’s investments. The Trustees may also, at any time and from time totimeto time, contract with the Manager or any other corporation, trust, association or other organization, appointing it exclusive or nonexclusive distributor or principal underwriter for the Shares, every such contract to comply with such requirements and restrictions as may be set forth in the Bylaws; and any such contract may contain such other terms interpretive of or in addition to said requirements and restrictions as the Trustees may determine. The fact that: (i) any of the Shareholders, Trustees or officers of the Trust is a shareholder, director, officer, partner, trustee, employee, manager, adviser, principal underwriter or distributor or agentofagent of or for any corporation, trust, association, or other organization, or of or for any parent or affiliate of any organization, with which an advisory or management contract, or principal underwriter’s or distributor’s contract, or transfer, Shareholder servicing or other agency contract may have been or may hereafter be made, or that any such organization, or any parent or affiliate thereof, is a Shareholder or has an interest in the Trust, or that (ii) any corporation, trust, association or other organization with which an advisory or management contract or principal underwriter’s or distributor’s contract, or transfer, Shareholder servicing or other agency contract may have been or may hereafter be made also has an advisory or management contract, or transfer, Shareholder servicing or other agency contract with one or more other corporations, trusts, associations, or other organizations, or has other business or interests shall not affect the validity of any such contract or disqualify any Shareholder, Trustee or officer of the Trust from voting upon or executing the same or create any liability or accountability to the Trust or its Shareholders. | ARTICLE V | Shareholders’ Voting Powers and Meetings |
Voting Powers Section 1. Subject to the voting powers of one or more classes of Shares as set forth elsewhere in this Declaration of Trust or in the Bylaws, the Shareholders shall have power to vote only (i) for the election of Trustees as provided in Article IV, Section 1, (ii) for the removal of Trustees as provided in Article IV, Section 2, (iii) with respect to any Manager as provided in Article IV, Section 6, (iv) with respect to any termination of this Trust to the extent and as provided in Article IX, Section 4, (v) with respect to any amendment of this Declaration of Trust to the extent and as provided in Article IX, Section 8, and (vi) with respect to such additional matters relating to the Trust as may be required by this Declaration of Trust, the Bylaws or any registration of the Trust with the Securities and Exchange Commission (or any successor agency) or any state, or as the Trustees may consider necessary or desirable. Each whole Share shall be entitled to one vote as to any matter on which it is entitled to vote and each fractional Share shall be entitled to a proportionate fractional vote. On any
matter submitted to a vote of Shareholders, all Shares of the Trust then entitled to vote shall, except as otherwise provided in the Bylaws, be voted in the aggregate as a single class without regard to series or classes of shares, except (1) when required by the 1940 Act or when the Trustees shall have determined that the matter affects one or more series or classes of Shares materially differently, Shares shall be voted by individual series or class; and (2) when the Trustees have determined that the matter affects only the interests of one or more series or classes, only Shareholders of such series or classes shall be entitled to vote thereon. There shall be no cumulative voting in the election of Trustees. Shares may be voted in person or by proxy. A proxy with respect to Shares held in the name of two or more
persons shall be valid if executed by any one of them unless at or prior to exercise of the proxy the Trust receives a specific written notice to the contrary from any one of them. A proxy purporting to be executed by or on behalf of a Shareholder shall be deemed valid unless challenged at or prior to its exercise and, in the case of a challenge by any person other than the Trust, the burden of proving invalidity shall rest on the challenger. Until Shares of any series or class are issued, the Trustees may exercise all rights of Shareholders and may take any action required by law, this Declaration of Trust or the Bylaws to be taken by Shareholders as to such series or class. Voting Power and Meetings Section 2. Meetings of Shareholders of any or all series or classes may be called by the Trustees from time to time for the purpose of taking action upon any matter requiring the vote or authority of the Shareholders of such series or classes as herein provided or upon any other matter deemed by the Trustees to be necessary or desirable. Written notice of any meeting of Shareholders shall be given or caused to be given by the Trustees by mailing such notice at least seven days before such meeting, postage prepaid, stating the time, place and purpose of the meeting, to each Shareholder entitled to vote at such meeting at the Shareholder’s address as it appears on the records of the Trust. If the Trustees shall fail to call or give notice of any meeting of Shareholders for a period of 30 days after written application by Shareholders holding at least 10% of the then outstanding shares of all series and classes entitled to vote at such meeting requesting a meeting to be called for a purpose requiring action by the Shareholders as provided herein or in the Bylaws, then Shareholders holding at least 10% of the then outstanding Shares of all series and classes entitled to vote at such meeting may call and give notice of such meeting, and thereupon the meeting shall be held in the manner provided for herein in case of call thereof by the Trustees. Notice of a meeting need not be given to any Shareholder if a written waiver of notice, executed by him or her before or after the meeting, is filed with the records of the meeting, or to any Shareholder who attends the meeting without protesting prior thereto or at its commencement the lack of notice to him or her. Quorum and Required Vote Section 3. Thirty percent of Shares entitled to vote on a particular matter shall be a quorum for the transaction of business on that matter at a Shareholders’ meeting, except that where any provision of law or of this Declaration of Trust or the Bylaws requires that holders of any series or class shall vote as an individual series or class, then thirty percent of the aggregate number of Shares of that series or class entitled to vote shall be necessary to constitute a quorum for the transaction of business by that series or class. Any lesser number shall be sufficient for adjournments. Any adjourned session or sessions may be held, within a reasonable time after the date set for the original meeting, without the necessity of further notice. Except when a larger vote is required by any provision of law or of this Declaration of Trust or the Bylaws, a majority of the Shares voted shall decide any questions and a plurality shall elect a Trustee, provided that where any provision of law or of this Declaration of Trust or the Bylaws requires that the holders of any series or class shall vote as an individual series or class then a majority of the Shares of that series or class voted on the matter (or a plurality with respect to the election of a Trustee) shall decide that matter insofar as that series or class is concerned. Action by Written Consent Section 4. Any action taken by Shareholders may be taken without a meeting if a majority of Shareholders entitled to vote on the matter (or such larger proportion thereof as shall be required by any express provision of this Declaration of Trust or the Bylaws) consent to the action in writing and such written consents are filed with the records of the meetings of Shareholders. Such consent shall be treated for all purposes as a vote taken at a meeting of Shareholders. Additional Provisions Section 5. The Bylaws may include further provisions, not inconsistent with this Declaration of Trust, regarding Shareholders’ voting powers, the conduct of meetings and related matters. | ARTICLE VI | Distributions, Redemptions and Repurchases |
Distributions Section 1. The Trustees may each year, or more frequently if they so determine, distribute to the Shareholders of each series out of the assets of such series such amounts as the Trustees may determine. Any such distribution to the Shareholders of a particular series shall be made to said Shareholders pro rata in proportion to the number of Shares of such series held by each of them, except to the extent otherwise required or permitted by the preferences and special or relative rights and privileges of any classes of Shares of that Series, and any distribution to the Shareholders of a particular class of Shares shall be made to such Shareholders pro rata in proportion to the number of Shares of such class held by each of them. Such distributions shall be made in cash, Shares or other property, or a combination thereof, as determined by the Trustees. Any such distribution
paid in Shares will be paid at the net asset value thereof as determined in accordance with the Bylaws. Redemptions and Repurchases Section 2. The Trust shall purchase such Shares as are offered by any Shareholder for redemption, upon the presentation of any certificate for the Shares to be purchased, a proper instrument of transfer and a request directed to the Trust or a person designated by the Trust that the Trust purchase such Shares, or in accordance with such other procedures for redemption as the Trustees may from time to time authorize; and the Trust will pay therefor the net asset value thereof, as next determined in accordance with the Bylaws, less any redemption charge fixed by the Trustees. Payment for said Shares shall be made by the Trust to the Shareholder within seven days after the date on which the request is made. The obligation set forth in this Section 2 is subject to the provision that in the event that at any time the New York
Stock Exchange is closed for other than customary weekends or holidays, or, if permitted by rules of the Securities and Exchange Commission, during periods when trading on the Exchange is restricted or during any emergency which makes it impractical for the Trust to dispose of its investments or to determine fairly the value of its net assets, or during any other period permitted by order of the Securities and Exchange Commission for the protection of investors, such obligation may be suspended or postponed by the Trustees. The Trust may also purchase or repurchase Shares at a price not exceeding the net asset value of such Shares in effect when the purchase or repurchase or any contract to purchase or repurchase is made. Payment for any redemption, purchase or repurchase may be made in cash or, except to the extent prohibited by the laws of any jurisdiction in which Shares are registered for sale, in other property or any combination thereof. The composition of any such payment shall be determined by the Trust in its sole discretion, and the Trust shall have no obligation to effect a pro rata division of cash or other property in making any such payment. In no event shall the Trust be liable for any delay of any other person in transferring securities or other property selected for delivery as all or part of any such payment. Redemption at the Option of the Trust Section 3. The Trust shall have the right at its option and at any time to redeem Shares of any Shareholder at the net asset value thereof as determined in accordance with the Bylaws: (i) if at such time such Shareholder owns fewer Shares than, or Shares having an aggregate net asset value of less than, an amount determined from time to time by the Trustees, in which case the Trust may redeem all Shares owned by such Shareholder or only so many of such Shares as may be required to compensate the Trust for any fee fixed from time to time by the Trustees for the maintenance of small accounts; (ii) to the extent that such Shareholder owns Shares of a particular series of Shares equal to or in excess of a percentage of the outstanding Shares of that series determined from time to time by the Trustees; (iii) to the extent that such Shareholder owns Shares of the TrusttheTrust representing a percentage equal to or in excess of such percentage of the aggregate number of outstanding Shares of the Trust or the aggregate net asset value of the Trust determined from time to time by the Trustees; (iv) if such Shareholder fails to supply appropriate personal and tax identification information requested by the Trust; (v) if such Shareholder fails to meet or maintain the qualifications for ownership of a particular series or class; or (vi) if the Trustees determine for any other reason, in their sole discretion, that the ownership of Shares by a Shareholder is not in the best interests of the remaining Shareholders of the Trust or of the applicable series or class. | ARTICLE VII | Compensation and Limitation of Liability of Trustees |
Compensation Section 1. The Trustees as such shall be entitled to reasonable compensation from the Trust; they may fix the amount of their compensation. Nothing herein shall in any way prevent the employment of any Trustee for advisory, management, legal,accounting, investment banking or other services and payment for the same by the Trust. Limitation of Liability Section 2. A Trustee shall be liable for his or her own willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of the office of Trustee, and for nothing else. The Trustees shall not be responsible or liable in any event for any neglect or wrongdoing of any officer, agent, employee, manager or principal underwriter of the Trust, nor shall any Trustee be responsible for the act or omission of any other Trustee. The appointment, designation or identification of a Trustee as an officer of the Trustees or of any committee of the Trustees, or as an expert with respect to certain matters (including without limitation identification of a Trustee as an “audit committee financial expert”) shall not impose on that person any duty, obligation or liability that is greater than the duties, obligations and liabilities imposed on that person as a Trustee in the absence of such appointment, designation or identification, and no Trustee who has special skills or expertise or who is appointed, designated of identified as aforesaid, shall be held to a higher standard of care by virtue thereof or be limited in any way with respect to any right or privilege to which such person would otherwise be entitled as a Trustee hereunder, including without limitation the right of indemnification. Nothing herein contained shall protect any Trustee against any liability to which he or she would otherwise be subject by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of his or her office. | ARTICLE VIII | Indemnification |
Trustees, Officers, etc. Section 1. The Trust shall indemnify each of its Trustees and officers (including persons who serve at the Trust’s request as
directors, officers or trustees of another organization in which the Trust has any interest as a shareholder, creditor or otherwise) (hereinafter referred to as a “Covered Person”) against all liabilities and expenses, including but not limited to amounts paid in satisfaction of judgments, in compromise or as fines and penalties, and counsel fees reasonably incurred by any Covered Person in connection with the defense or disposition of any threatened, pending, or contemplated action, suit, or other proceeding, whether civil, criminal, administrative, arbitrative, or criminal,investigative and whether formal or informal before any court or administrative or legislative or other body, in which such Covered Person may be or may have been involved as a party or otherwise or with which such Covered Person may be or may have been threatened, while in office or thereafter, by reason of being or having been such a Covered Person except with respect to any matter as to which such Covered Person shall have been finally adjudicated in any such action, suit or other proceeding (a) not to have acted in good faith, (b) not to have acted in the reasonable belief that such Covered Person’s action was in the best interests of the Trust or at least was not opposed to the best interests of the Trust, (c) in the case of a
criminal proceeding, to have had reasonable cause to believe his or her action was unlawful or (d) to be liable to the Trust or its Shareholders by reason of willful misfeasance, bad faith, gross negligence or reckless disregard of the duties involved in the conduct of such Covered Person’s office (each of such exceptions being referred to hereinafter as “Disabling Conduct”). Expenses, including counsel fees so incurred by any such Covered Person (but excluding amounts paid in satisfaction of judgments, in compromise or as fines or penalties), shall be paid from time to time by the Trust in advance of the final disposition of any such action, suit or proceeding upon receipt of an undertaking by or on behalf of such Covered Person to repay amounts so paid to the Trust if it is ultimately determined that indemnification of such expenses is not authorized under this Article, provided, however, that either (a) such Covered Person shall have provided appropriate security for such undertaking, (b) the Trust shall be insured against losses arising from any such advance payments or (c) either a majority of the disinterested Trustees acting on the matter (provided that a majority of the disinterested Trustees then in office act on the matter), or independent legal counsel in a written opinion, shall have determined, based upon a review of readily available facts (as opposed to a full trial type inquiry) that there is reason to believe that such Covered Person will be found entitled to indemnification under this Article. In making any such determination, the disinterested Trustees or such counsel, as the case may be, shall afford the Covered Person a rebuttable presumption that the Covered Person did not engage in Disabling Conduct. Compromise Payment Section 2. As to any matter disposed of (whether by a compromise payment, pursuant to a consent decree or otherwise) without an adjudication by a court, or by any other body before which the action, suit, or proceeding was brought, that such Covered Person engaged in Disabling Conduct, indemnification shall be provided if (a) approved as in the best interests of the Trust, after notice that it involves such indemnification, by at least a majority of the disinterested Trustees acting on the matter (provided that a majority of the disinterested Trustees then in office act on the matter) upon a determination, based upon a review of readily available facts (as opposed to a full trial type inquiry) that such Covered Person did not engage in Disabling Conduct, or (b) there has been obtained an opinion in writing of independent legal counsel, based upon a review of readily available facts (as opposed to a full trial type inquiry) to the effect that such Covered Person did not engage in Disabling Conduct. Any approval pursuant to this Section shall not prevent the recovery from any Covered Person of any amount paid to such Covered Person in accordance with this Section as indemnification if such Covered Person is subsequently adjudicated by a court of competent jurisdiction not to have engaged in Disabling Conduct. Right Not Exclusive Section 3. The right of indemnification hereby provided shall not be exclusive of or affect any other rights to which such Covered Person may be entitled. As used in this Article VIII, the term “Covered Person” shall include such person’s heirs, executors and administrators and a “disinterested Trustee” is a Trustee who is not an “interested person” of the Trust as defined in Section 2(a)(19) of the 1940 Act (or who has been exempted from being an “interested person” by any rule, regulation or order of the Securities and Exchange Commission) and against whom none of such actions, suits or other proceedings or another action, suit or other proceeding on the same or similar grounds is then or has been pending. Nothing contained in this Article shall affect any rights to indemnification to which personnel of the Trust, other than Trustees or officers, and other persons may be entitled by contract or otherwise under law, nor the power of the Trust to purchase and maintain liability insurance on behalf of any such person. Shareholders Section 4. In case any Shareholder or former Shareholder shall be held to be personally liable solely by reason of his or her being or having been a Shareholder and not because of his or her acts or omissions or for some other reason, the Shareholder or former Shareholder (or his or her heirs, executors, administrators or other legal representative or in the case of a corporation or other entity, its corporate or other general successor) shall be entitled to be held harmless from and indemnified against all loss and expense arising from such liability, but only out of the assets of the particular series of Shares of which he or she is or was a Shareholder.
Trustees, Shareholders, etc. Not Personally Liable for Obligations of the Trust; Notice Section 1. All persons extending credit to, contracting with or having any claim against the Trust or a particular series of Shares shall look only to the assets of the Trust or the assets of that particular series of Shares for payment under such credit, contract or claim, and neither the Shareholders nor the Trustees, nor any of the Trust’s officers, employees or agents, whether past, present or future, shall be personally liable therefor. Every note, bond, contract, instrument, certificate or undertaking and every other act or thing whatsoever executed or done by any Trustee, officer, employee or agent on behalf of the Trust or the Trustees or any of them in connection with the Trust shall be conclusively deemed to have been executed or done only in or with respect to such person’s capacity as a Trustee, officer, employee or agent, and such person shall not be personally liable thereon. Every note, bond, contract, instrument, certificate or undertaking executed on behalf of the Trust by any Trustee, officer, employee or agent of the Trust shall give notice that this Declaration of Trust is on file with the Secretary of State of The
Commonwealth of Massachusetts and shall recite that the same was executed by them on behalf of the Trust in their capacity as Trustees, officers, employees or agents of the Trust and not individually and that the obligations of such instrument are not binding upon any of them or the Shareholders individually but are binding only upon the assets and property of the Trust, and may contain such further recitals as the person so executing may deem appropriate, but any omission of such notice or recitals shall not operate to bind any such Trustee, officer, employee or agent or the Shareholders individually. Trustees’ Faith Actions Binding; Expert Advice; No Bond or Surety Section 2. The exercise by the Trustees of their powers and discretions hereunder shall be binding upon everyone interested. The Trustees may take advice of counsel or other experts with respect to the meaning and operation of this Declaration of Trust, and shall be under no liability for any act or omission taken in accordance with such advice or for failing to follow such advice. The Trustees shall not be required to give any bond as such, nor any surety if a bond is required. Liability of Third Persons Dealing with Trustee Section 3. No person dealing with the Trustees shall be bound to make any inquiry concerning the validity of any transaction made or to be made by the Trustees or to see to the application of any payments made or property transferred to the Trust or upon its order. Duration and Termination of Trust Section 4. Unless terminated as provided herein, the Trust and each series and class shall continue without limitation of time. Thetime.The Trust or any series or class of any series may be terminated at any time (i) by the Trustees by written notice to the Shareholders of the Trust or to the Shareholders of the particular series or class, as the case may be, or (ii) by the affirmative vote of the lessorlesser of (1) more than 50% of the outstanding Shares of each series or class entitled to vote, or (2) 67% or more of the Shares of each series or class entitled to vote and present at a meeting called for this purpose if more than 50% of the outstanding Shares of each series or class entitled to vote are present at the meeting in person or by proxy. Upon termination of the Trust or of any series or class, after paying or otherwise providing for all charges, taxes, expenses and liabilities, whether due or accrued or anticipated, of the Trust, or of the particular series or class, as may be determined by the Trustees, the Trust shall in accordance with such procedures as the Trustees consider appropriate reduce the remaining assets of the Trust, or of the particular series or classes, as the case may be, to distributable form in cash or shares or other property, or any combination thereof, and distribute the proceeds to the Shareholders of the Trust or of the particular series or class, ratably according to the number of Shares of such series or class held by the several Shareholders of such series or class on the date of termination, except to the extent otherwise required or permitted by thepreferencesthe preferences and special or relative rights and privileges of any classes of Shares of that series or class. Merger, Consolidation, Sale of Assets and Other Reorganizations Section 5. Except as otherwise required by applicable law, the Trustees may, without Shareholder approval, authorize the Trust or any series or class to merge, consolidate or reorganize with any other entity (including another series or class of the Trust), or to sell or exchange all or substantially all of the assets of the Trust or of any series or class, in each case upon such terms and for such consideration as they may determine to be in the best interests of the Trust or of the particular series or class. The authority provided by this Section shall be in addition to the powers granted to the Trustees under any other provision of this Declaration of Trust. Filing and Copies, References, Headings Section 6. The original or a copy of this instrument and of each amendment hereto shall be kept at the office of the Trust where it may be inspected by any Shareholder. A copy of this instrument and of each amendment hereto shall be filed by the Trust with the Secretary of State of The Commonwealth of Massachusetts and with the Boston City Clerk, as well as any other governmental office where such filing may from time to time be required. Anyone dealing with the Trust may rely on a certificate by an officer of the Trust as to whether or not any such amendments have been made and as to any matters in connection with the Trust hereunder, and, with the same effect as if it were the original, may rely on a copy certified by an officer of the Trust to be a copy of this instrument or of any such amendments. In this instrument and in any such amendment, references to this
instrument and all expressions like “herein”, “hereof’ and “hereunder” shall be deemed to refer to this instrument as amended or affected by any such amendments. Headings are placed herein for convenience of reference only and shall not be taken as a part hereof or control or affect the meaning, construction or effect of this instrument. This instrument may be executed in any number of counterparts each of which shall be deemed an original. Applicable Law Section 7. This Declaration of Trust is made in The Commonwealth of Massachusetts, and it is created under and is to be governed by and construed and administered according to the laws of said Commonwealth. The Trust shall be of the type commonly called a Massachusetts business trust and, without limiting the provisions hereof, the Trust may exercise all powers which are ordinarily exercised by such a trust. Amendments Section 8. This Declaration of Trust may be amended at any time by an instrument in writing signed by a majority of the then Trustees when authorized to do so by a vote of the Shareholders, provided that Shareholder authorization shall not be required in the case of any amendment (i) having the purpose of changing the name of the Trust or of supplying any omission,
curing any ambiguity or curing, correcting or supplementing any defective or inconsistent provision contained herein or (ii) which is determined by the Trustees in their sole discretion not to have a material adverse effect on the Shareholders of any series or class of Shares. IN WITNESS WHEREOF, the undersigned, being a majority of the Trustees of the Trust, hereunto set their hands and seals in the City of Boston, Massachusetts for themselves and their assigns, as of the day and year first above written. Appendix N — Table of Constituent Series of each Trust of the Putnam Open-End Funds
| | Trust | Funds/Series |
| Putnam American Government Income Fund | |
| Putnam Arizona Tax Exempt Income Fund | |
| Putnam California Tax Exempt Income Fund | |
| Putnam Convertible Securities Fund | |
| Putnam Diversified Income Trust | |
| Putnam Asset Allocation Funds | Putnam Dynamic Asset Allocation Balanced Fund | | Putnam Dynamic Asset Allocation Conservative Fund | | Putnam Dynamic Asset Allocation Growth Fund |
| Putnam Equity Income Fund | |
| Putnam Europe Equity Fund | |
| The Putnam Fund For Growth And Income | |
| Putnam Funds Trust | Putnam Absolute Return 100 Fund | | Putnam Absolute Return 300 Fund | | Putnam Absolute Return 500 Fund | | Putnam Absolute Return 700 Fund | | Putnam Asia Pacific Equity Fund | | Putnam Capital Spectrum Fund | | Putnam Dynamic Asset Allocation Equity Fund | | Putnam Dynamic Risk Allocation Fund | | Putnam Emerging Markets Equity Fund | | Putnam Emerging Markets Income Fund | | Putnam Equity Spectrum Fund | | Putnam Floating Rate Income Fund | | Putnam Global Consumer Fund | | Putnam Global Dividend Fund | | Putnam Global Energy Fund | | Putnam Global Financials Fund | | Putnam Global Industrials Fund | | Putnam Global Sector Fund | | Putnam Global Technology Fund | | Putnam Global Telecommunications Fund | | Putnam Intermediate-Term Municipal Income Fund |
|
| | Trust | Funds |
| Putnam Funds Trust (continued) | Putnam International Value Fund | | Putnam Low Volatility Equity Fund | | Putnam Money Market Liquidity Fund | | Putnam Multi-Cap Core Fund | | Putnam Retirement Income Fund Lifestyle 2 | | Putnam Retirement Income Fund Lifestyle 3 | | Putnam Short Duration Income Fund | | Putnam Short Term Investment Fund | | Putnam Short-Term Municipal Income Fund | | Putnam Small Cap Growth Fund | | Putnam Strategic Volatility Equity Fund |
| The George Putnam Fund Of Boston | | (D/B/A George Putnam Balanced Fund) | |
| Putnam Global Equity Fund | |
| Putnam Global Health Care Fund | |
| Putnam Global Income Trust | |
| Putnam Global Natural Resources Fund | |
| Putnam Global Utilities Fund | |
| Putnam High Yield Advantage Fund | |
| Putnam High Yield Trust | |
| Putnam Income Fund | |
| Putnam International Equity Fund | |
| Putnam Investment Funds | Putnam Capital Opportunities Fund | | Putnam Growth Opportunities Fund | | Putnam International Capital Opportunities Fund | | Putnam International Growth Fund | | Putnam Multi-Cap Value Fund | | Putnam Research Fund | | Putnam Small Cap Value Fund |
| Putnam Investors Fund | |
| Putnam Massachusetts Tax Exempt Income Fund | |
| Putnam Michigan Tax Exempt Income Fund | |
| Putnam Minnesota Tax Exempt Income Fund | |
| Putnam Money Market Fund | |
| Putnam Multi-Cap Growth Fund | |
| Putnam New Jersey Tax Exempt Income Fund | |
| Putnam New York Tax Exempt Income Fund | |
| Putnam Ohio Tax Exempt Income Fund | |
| Putnam Pennsylvania Tax Exempt Income Fund | |
| Putnam RetirementReady Funds | Putnam RetirementReady 2055 Fund | | Putnam RetirementReady 2050 Fund | | Putnam RetirementReady 2045 Fund | | Putnam RetirementReady 2040 Fund | | Putnam RetirementReady 2035 Fund | | Putnam RetirementReady 2030 Fund | | Putnam RetirementReady 2025 Fund | | Putnam RetirementReady 2020 Fund | | Putnam RetirementReady 2015 Fund | | Putnam Retirement Income Fund Lifestyle 1 |
| Putnam Tax Exempt Income Fund | |
| Putnam Tax Exempt Money Market Fund | |
| Putnam Tax-Free Income Trust | Putnam AMT-Free Municipal Fund | | Putnam Tax-Free High Yield Fund |
| Putnam U.S. Government Income Trust | |
|
| N-2This page intentionally left blank. |
| | Trust | Funds |
| Putnam Variable Trust | Putnam VT Absolute Return 500 Fund | | Putnam VT American Government Income Fund | | Putnam VT Capital Opportunities Fund | | Putnam VT Diversified Income Fund | | Putnam VT Equity Income Fund | | Putnam VT George Putnam Balanced Fund | | Putnam VT Global Asset Allocation Fund | | Putnam VT Global Equity Fund | | Putnam VT Global Health Care Fund | | Putnam VT Global Utilities Fund | | Putnam VT Growth And Income Fund | | Putnam VT Growth Opportunities Fund | | Putnam VT High Yield Fund | | Putnam VT Income Fund | | Putnam VT International Equity Fund | | Putnam VT International Growth Fund | | Putnam VT International Value Fund | | Putnam VT Investors Fund | | Putnam VT Money Market Fund | | Putnam VT Multi-Cap Growth Fund | | Putnam VT Multi-Cap Value Fund | | Putnam VT Research Fund | | Putnam VT Small Cap Value Fund | | Putnam VT Voyager Fund |
| Putnam Voyager Fund | |
|
Putnam Investments
One Post Office Square
Boston, MA 02109
1-800-225-1581
Address correspondence to
Putnam Investor Services
P.O. Box 8383
Boston, MA 02266-8383
| | Putnam Investments | | One Post Office Square | | Boston, MA 02109 | | 1-800-225-1581 | | | | Address correspondence to | | Putnam Investor Services | | P.O. Box 8383 | | Boston, MA 02266-8383 | | | | putnam.com | xxxxxx284998 11/13 |
CONSOLIDATED PROXY CARD
By signing below, you, as a Putnam fund shareholder, appoint [TrusteesTrustees John A. Hill and Robert E. Patterson],Patterson, and each of them separately, with power of substitution to each, to be your proxies. You are empowering them to vote your Putnam fund shares on your behalf at the meeting of the shareholders of the Putnam Funds.funds. The meeting will take place on February 27, 2014, at 11:00 a.m., Boston time, and may be adjourned to later times or dates.Your vote is being solicited on behalf of the TrusteesTrustees.. When you complete and sign this proxy card, your shares will be voted on your behalf exactly as you have indicated on the other side of this card.If you simply sign this proxy card, and do not vote on a specific proposal, your shares will be automatically voted as the Trustees recommend.The proxies are also authorized to vote at their discretion on any other matter that arises at the meeting or any adjournment of the meeting. | | | Funds | Funds | Funds | Putnam Absolute Return 100 Fund | Putnam Absolute Return 300 Fund | Putnam Absolute Return 500 Fund | Putnam Absolute Return 700 Fund | Putnam American Government Income Fund | Putnam AMT-Free Municipal Fund | Putnam Arizona Tax Exempt Income Fund | Putnam Asia Pacific Equity Fund | Putnam California Tax Exempt Income Fund | Putnam Capital Opportunities Fund | Putnam Capital Spectrum Fund | Putnam Convertible Securities Fund | Putnam Diversified Income Trust | Putnam Dynamic Asset Allocation Balanced Fund | Putnam Dynamic Asset Allocation Conservative Fund | Putnam Dynamic Asset Allocation Equity Fund | Putnam Dynamic Asset Allocation Growth Fund | Putnam Dynamic Risk Allocation Fund | Putnam Emerging Markets Equity Fund | Putnam Emerging Markets Income Fund | Putnam Equity Income Fund | Putnam Equity Spectrum Fund | Putnam Europe Equity Fund | Putnam Floating Rate Income Fund |
For convenience, if you wish to vote in thesame way for all your fundssubject to each proposal, please use the form on the reverse side.
SIGN AND DATE BELOW ONLY IF YOU ARE VOTING IN THE SAME WAY FOR ALL OFYOUR FUNDS ON EACH PROPOSAL.
Note: If you elect to vote using this Consolidated Proxy Card, donotreturn the Individual Proxy Cards below.
Sign your name exactly as it appears on this card. If you own shares jointly, each owner should sign. When signing as executor, administrator, attorney, trustee, guardian, or as custodian for a minor, please give your full title as such. If you are signing for a corporation, please sign the full corporate name and indicate the signer’s office. If you are a partner, sign in the partnership name.
THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS AS DESCRIBED IN THE PROXY STATEMENT. Please vote by filling in the appropriate box below in blue or black ink as in this example: ■ | | | | | | | | | | Proposals1. Approving a new management contract for your fund. | | | Please vote by filling in the appropriate box below. |
| | To vote on all proposals as the Trustees recommend, mark this box. (No other vote is necessary.) | | □
| | THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS. To determine which proposals are applicable to your fund, please see page 4 in the proxy | statement. | | | | | | | 1. Approving a proposed new management contract for your fund (see p. [ ]). | FOR | AGAINST | ABSTAIN | | □FOR
| □AGAINST
| □ABSTAIN
| | | FOR | AGAINST | ABSTAIN | | 01 Putnam Absolute Return 100 Fund | □ | □ | □ | | 02 Putnam Absolute Return 300 Fund | □ | □ | □ | | 03 Putnam Absolute Return 500 Fund | □ | □ | □ | | 04 Putnam Absolute Return 700 Fund | □ | □ | □ | | 05 Putnam American Government Income Fund | □ | □ | □ | | 06 Putnam AMT-Free Municipal Fund | □ | □ | □ | | 07 Putnam Arizona Tax Exempt Income Fund | □ | □ | □ | | 08 Putnam Asia Pacific Equity Fund | □ | □ | □ | | 09 Putnam California Tax Exempt Income Fund | □ | □ | □ | | 10 Putnam Capital Opportunities Fund | □ | □ | □ | | 11 Putnam Capital Spectrum Fund | □ | □ | □ | | 12 Putnam Convertible Securities Fund | □ | □ | □ | | 13 Putnam Diversified Income Trust | □ | □ | □ | | 14 Putnam Dynamic Asset Allocation Balanced Fund | □ | □ | □ | | 15 Putnam Dynamic Asset Allocation Conservative Fund | □ | □ | □ | | 16 Putnam Dynamic Asset Allocation Equity Fund | □ | □ | □ | | 17 Putnam Dynamic Asset Allocation Growth Fund | □ | □ | □ | | 18 Putnam Dynamic Risk Allocation Fund | □ | □ | □ | | 19 Putnam Emerging Markets Equity Fund | □ | □ | □ | | 20 Putnam Emerging Markets Income Fund | □ | □ | □ | | 21 Putnam Equity Income Fund | □ | □ | □ | | 22 Putnam Equity Spectrum Fund | □ | □ | □ | | 23 Putnam Europe Equity Fund | □ | □ | □ | | 24 Putnam Floating Rate Income Fund | □ | □ | □ | |
| | | | | | | | 2.Electing Trustees. | | | | | | | To withhold authority to vote for any individual nominee(s), but to vote for all other nominees, mark the “FOR ALL EXCEPT” box and | write the nominee number(s) on the line provided. | | | | | 01. | Liaquat Ahamed | 05. | Charles B. Curtis | 09. | Paul L. Joskow | 13. | Robert L. Reynolds | 02. | Ravi Akhoury | 06. | Robert J. Darretta | 10. | Kenneth R. Leibler | 14. | W. Thomas Stephens | 03. | Barbara M. Baumann | 07. | Katinka Domotorffy | 11. | Robert E. Patterson | | | 04. | Jameson A. Baxter | 08. | John A. Hill | 12. | George Putnam, III | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | FOR | Funds subject to Proposals 2 and 3WITHHOLD | : All fundsFOR ALL | | | except forFOR | WITHHOLD | FOR ALL | | | ALL | ALL | EXCEPT | | | ALL | ALL | EXCEPT | | 01 Putnam High IncomeAbsolute Return 100 Fund | □ | □ | □ | | 02 Putnam Absolute Return 300 Fund | □ | □ | □ | | Securities03 Putnam Absolute Return 500 Fund Putnam Managed Municipal Income Trust, Putnam Master | □ | □ | □ | | 04 Putnam Absolute Return 700 Fund | □ | □ | □ | | Intermediate05 Putnam American Government Income Trust,Fund | □ | □ | □ | | 06 Putnam AMT-Free Municipal Opportunities Trust and PutnamFund | □ | □ | □ | | Premier07 Putnam Arizona Tax Exempt Income Trust. Fund | □ | □ | □ | | 08 Putnam Asia Pacific Equity Fund | □ | □ | □ | | 09 Putnam California Tax Exempt Income Fund | □ | □ | □ | | 10 Putnam Capital Opportunities Fund | □ | □ | □ | | 11 Putnam Capital Spectrum Fund | □ | □ | □ | | 12 Putnam Convertible Securities Fund | □ | □ | □ | | 13 Putnam Diversified Income Trust | □ | □ | □ | | 14 Putnam Dynamic Asset Allocation Balanced Fund | □ | □ | □ | | 15 Putnam Dynamic Asset Allocation Conservative Fund | □ | □ | □ | | 16 Putnam Dynamic Asset Allocation Equity Fund | □ | □ | □ | | 17 Putnam Dynamic Asset Allocation Growth Fund | □ | □ | □ | | 18 Putnam Dynamic Risk Allocation Fund | □ | □ | □ | | 19 Putnam Emerging Markets Equity Fund | □ | □ | □ | | 20 Putnam Emerging Markets Income Fund | □ | □ | □ | | 21 Putnam Equity Income Fund | □ | □ | □ | | 22 Putnam Equity Spectrum Fund | □ | □ | □ | | 23 Putnam Europe Equity Fund | □ | □ | □ | | 24 Putnam Floating Rate Income Fund | □ | □ | □ | | | 2. Electing Trustees (see p. [ ]). | | | | | | | | | FOR ALL | WITHHOLD ALL | FOR ALL EXCEPT* | | | | □
| □
| □
| 2-a) Liaquat Ahamed | 2-f) Robert J. Darretta | 2-k) Robert E. Patterson | | | | 2-b) Ravi Akhoury | 2-g) Katinka Domotorffy | 2-l) George Putnam, III | | | | 2-c) Barbara M. Baumann | 2-h) John A. Hill | 2-m) Robert L. Reynolds | | | | 2-d) Jameson A. Baxter | 2-i) Paul L. Joskow | 2-n) W. Thomas Stephens | | | | 2-e) Charles B. Curtis | 2-j) Kenneth R. Leibler | | | | | | | *To withhold authority to vote for one or more specific nominees, but to vote for all other nominees, check the “FOR ALL EXCEPT” box and write the name(s) | or number(s) of the excluded nominee(s) below: | | | | |
| | 3. Approving an Amended and Restated Declaration of Trust for your fund (see p.fund. | FOR | AGAINST | ABSTAIN | [ ]). | | | □
| □
| □
| | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam Absolute Return 100 Fund subject to Proposal 4: | □ | □ | □ | | 02 Putnam Absolute Return 300 Fund | □ | □ | □ | | 03 Putnam Absolute Return 500 Fund | □ | □ | □ | | 04 Putnam Absolute Return 700 Fund | □ | □ | □ | | 05 Putnam American Government Income Fund | □ | □ | □ | | 06 Putnam AMT-Free Municipal Fund | □ | □ | □ | | 07 Putnam Arizona Tax Exempt Income Fund | □ | □ | □ | | 08 Putnam Asia Pacific Equity Fund | □ | □ | □ | | 09 Putnam California Tax Exempt Income Fund | □ | □ | □ | | 10 Putnam Capital Opportunities Fund | □ | □ | □ | | 11 Putnam Capital Spectrum Fund | □ | □ | □ | | 12 Putnam Convertible Securities Fund | □ | □ | □ | | 13 Putnam Diversified Income Trust | □ | □ | □ | | 14 Putnam Dynamic Asset Allocation Balanced Fund | □ | □ | □ | | 15 Putnam Dynamic Asset Allocation Conservative Fund | □ | □ | □ | | 16 Putnam Dynamic Asset Allocation Equity Fund | □ | □ | □ | | 17 Putnam Dynamic Asset Allocation Growth Fund | □ | □ | □ | | 18 Putnam Dynamic Risk Allocation Fund | □ | □ | □ | | 19 Putnam Emerging Markets Equity Fund | □ | □ | □ | | 20 Putnam Emerging Markets Income Fund | □ | □ | □ | | 21 Putnam Equity Income Fund | □ | □ | □ | | 22 Putnam Equity Spectrum Fund | □ | □ | □ | | 23 Putnam Europe Equity Fund | □ | □ | □ | | 24 Putnam Floating Rate Income Fund | □ | □ | □ | | | 4. Approving an amendment to a fundamental investment restriction with respect | FOR | AGAINST | ABSTAIN | to investments in commodities (see p. [ ]).commodities. | | □
| ■FOR
| □AGAINST
|
| | | | | | Funds subject to Proposal 5: Putnam Global ConsumerDynamic Asset Allocation Conservative Fund and Putnam Global Financials Fund | □ | □ | □ | | | | | | |
5. Approving an amendment to a fundamental investment policy regarding diversification of investments. Not Applicable | | | FOR | AGAINST | ABSTAIN | 5. Approving an amendment to a fundamental investment policy regarding to | □
| □
| □
| diversification of investments (see p. [ ]). | | | | | Important Notice Regarding the Availability of Proxy Materials | for the Shareholder Meeting to be held on February 27, 2014. The proxy statement for | The Proxy Statement for this meeting is available at: [at | | | | | If you have any questions on these proposals, please call toll-free [ ]. | Please sign and date the other side of this card. | | | | | CUSIP: [123456789] | Barcodewww.proxy-direct.com/put-25215 | TAG ID: [12345678] |
[FUND NAME PRINTS HERE]
By signing below, you, as a Putnam fund shareholder, appoint [TrusteesTrustees John A. Hill and Robert E. Patterson],Patterson, and each of them separately, with power of substitution to each, to be your proxies. You are empowering them to vote your Putnam fund shares on your behalf at the meeting of the shareholders of the referenced fund.Putnam funds. The meeting will take place on February 27, 2014, at 11:00 a.m., Boston time, and may be adjourned to later times or dates.Your vote is being solicited on behalf of the TrusteesTrustees.. When you complete and sign this proxy card, your shares will be voted on your behalf exactly as you have indicated on the other side of this card.If you simply sign this proxy card, and do not vote on a specific proposal, your shares will be automatically voted as the Trustees recommend.The proxies are also authorized to vote at their discretion on any other matter that arises at the meeting or any adjournment of the meeting. | | | Funds | Funds | Funds | The Putnam Fund for Growth and Income | George Putnam Balanced Fund | Putnam Global Consumer Fund | Putnam Global Dividend Fund | Putnam Global Energy Fund | Putnam Global Equity Fund | Putnam Global Financials Fund | Putnam Global Health Care Fund | Putnam Global Income Trust | Putnam Global Industrials Fund | Putnam Global Natural Resources Fund | Putnam Global Sector Fund | Putnam Global Technology Fund | Putnam Global Telecommunications Fund | Putnam Global Utilities Fund | Putnam Growth Opportunities Fund | Putnam High Income Securities Fund | Putnam High Yield Advantage Fund | Putnam High Yield Trust | Putnam Income Fund | Putnam Intermediate-Term Municipal Income Fund | Putnam International Capital Opportunities Fund | Putnam International Equity Fund | Putnam International Growth Fund |
If you wish to voteseparately for each of your fundssubject to each proposal, please use the forms on the reverse side (and on accompanying pages, if necessary). A separate form applies to each of your funds.
SIGN AND DATE BELOW ONLY IF YOU ARE VOTING SEPARATELY FOR EACH OF YOURFUNDS ON EACH PROPOSAL.
Note: If you elect to vote using the Individual Proxy Card, donotreturn the Consolidated Proxy Card above.
Sign your name exactly as it appears on this card. If you own shares jointly, each owner should sign. When signing as executor, administrator, attorney, trustee, guardian, or as custodian for a minor, please give your full title as such. If you are signing for a corporation, please sign the full corporate name and indicate the signer’s office. If you are a partner, sign in the partnership name.
THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS AS DESCRIBED IN THE PROXY STATEMENT. Please vote by filling in the appropriate box below in blue or black ink as in this example: ■ | | | | | | | | | | Proposals1. Approving a new management contract for your fund. | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 The Putnam Fund for Growth and Income | □ | □ | □ | | 02 George Putnam Balanced Fund | □ | □ | □ | | 03 Putnam Global Consumer Fund | □ | □ | □ | | 04 Putnam Global Dividend Fund | □ | □ | □ | | 05 Putnam Global Energy Fund | □ | □ | □ | | 06 Putnam Global Equity Fund | □ | □ | □ | | 07 Putnam Global Financials Fund | □ | □ | □ | | 08 Putnam Global Health Care Fund | □ | □ | □ | | 09 Putnam Global Income Trust | □ | □ | □ | | 10 Putnam Global Industrials Fund | □ | □ | □ | | 11 Putnam Global Natural Resources Fund | □ | □ | □ | | 12 Putnam Global Sector Fund | □ | □ | □ | | 13 Putnam Global Technology Fund | □ | □ | □ | | 14 Putnam Global Telecommunications Fund | □ | □ | □ | | 15 Putnam Global Utilities Fund | □ | □ | □ | | 16 Putnam Growth Opportunities Fund | □ | □ | □ | | 17 Putnam High Income Securities Fund | □ | □ | □ | | 18 Putnam High Yield Advantage Fund | □ | □ | □ | | 19 Putnam High Yield Trust | □ | □ | □ | | 20 Putnam Income Fund | □ | □ | □ | | 21 Putnam Intermediate-Term Municipal Income Fund | □ | □ | □ | | 22 Putnam International Capital Opportunities Fund | □ | □ | □ | | 23 Putnam International Equity Fund | □ | □ | □ | | 24 Putnam International Growth Fund | □ | □ | □ | |
| | | | | | | | 2.Electing Trustees. | | | | | | | To withhold authority to vote for any individual nominee(s), but to vote for all other nominees, mark the “FOR ALL EXCEPT” box and | write the nominee number(s) on the line provided. | | | | | 01. | Liaquat Ahamed | 05. | Charles B. Curtis | 09. | Paul L. Joskow | 13. | Robert L. Reynolds | 02. | Ravi Akhoury | 06. | Robert J. Darretta | 10. | Kenneth R. Leibler | 14. | W. Thomas Stephens | 03. | Barbara M. Baumann | 07. | Katinka Domotorffy | 11. | Robert E. Patterson | | | 04. | Jameson A. Baxter | 08. | John A. Hill | 12. | George Putnam, III | | |
| | | | | | | | | | | | | FOR | WITHHOLD | FOR ALL | | | FOR | WITHHOLD | FOR ALL | | | ALL | ALL | EXCEPT | | | ALL | ALL | EXCEPT | | 01 The Putnam Fund for Growth and Income | □ | □ | □ | | 02 George Putnam Balanced Fund | □ | □ | □ | | 03 Putnam Global Consumer Fund | □ | □ | □ | | 04 Putnam Global Dividend Fund | □ | □ | □ | | 05 Putnam Global Energy Fund | □ | □ | □ | | 06 Putnam Global Equity Fund | □ | □ | □ | | 07 Putnam Global Financials Fund | □ | □ | □ | | 08 Putnam Global Health Care Fund | □ | □ | □ | | 09 Putnam Global Income Trust | □ | □ | □ | | 10 Putnam Global Industrials Fund | □ | □ | □ | | 11 Putnam Global Natural Resources Fund | □ | □ | □ | | 12 Putnam Global Sector Fund | □ | □ | □ | | 13 Putnam Global Technology Fund | □ | □ | □ | | 14 Putnam Global Telecommunications Fund | □ | □ | □ | | 15 Putnam Global Utilities Fund | □ | □ | □ | | 16 Putnam Growth Opportunities Fund | □ | □ | □ | | 17 Putnam High Yield Advantage Fund | □ | □ | □ | | 18 Putnam High Yield Trust | □ | □ | □ | | 19 Putnam Income Fund | □ | □ | □ | | 20 Putnam Intermediate-Term Municipal Income Fund | □ | □ | □ | | 21 Putnam International Capital Opportunities Fund | □ | □ | □ | | 22 Putnam International Equity Fund | □ | □ | □ | | 23 Putnam International Growth Fund | □ | □ | □ | | | Please vote by filling in the appropriate box below. |
| | To vote on all proposals as the Trustees recommend, mark this box. (No other vote is necessary.) | □
| | THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS. To determine which proposals are applicable to your fund, please see page [4] in the | proxy statement. | | | | | | 1. Approving a proposed new management contract for your fund (see p. [ ]). | FOR | AGAINST | ABSTAIN | | □
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| | Funds subject to Proposals 2 and 3: All fundsexcept forPutnam High Income | | Securities Fund, Putnam Managed Municipal Income Trust, Putnam Master | | Intermediate Income Trust, Putnam Municipal Opportunities Trust and Putnam | | Premier Income Trust. | | | | | 2. Electing Trustees (see p. [ ]). | | | | | | | | | FOR ALL | WITHHOLD ALL | FOR ALL EXCEPT* | | | | □
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| 2-a) Liaquat Ahamed | 2-f) Robert J. Darretta | 2-k) Robert E. Patterson | | | | 2-b) Ravi Akhoury | 2-g) Katinka Domotorffy | 2-l) George Putnam, III | | | | 2-c) Barbara M. Baumann | 2-h) John A. Hill | 2-m) Robert L. Reynolds | | | | 2-d) Jameson A. Baxter | 2-i) Paul L. Joskow | 2-n) W. Thomas Stephens | | | | 2-e) Charles B. Curtis | 2-j) Kenneth R. Leibler | | | | | | | *To withhold authority to vote for one or more specific nominees, but to vote for all other nominees, check the “FOR ALL EXCEPT” box and write the name(s) | or number(s) of the excluded nominee(s) below: | | | |
| | 3. Approving an Amended and Restated Declaration of Trust for your fund (see p.fund. | FOR | AGAINST | ABSTAIN | | [ ]). | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 The Putnam Fund for Growth and Income | □ | □ | □ | | 02 George Putnam Balanced Fund | □ | □ | □ | | 03 Putnam Global Consumer Fund | □ | □ | □ | | 04 Putnam Global Dividend Fund | □ | □ | □ | | 05 Putnam Global Energy Fund | □ | □ | □ | | 06 Putnam Global Equity Fund | □ | □ | □ | | 07 Putnam Global Financials Fund | □ | □ | □ | | 08 Putnam Global Health Care Fund | □ | □ | □ | | 09 Putnam Global Income Trust | □ | □ | □ | | 10 Putnam Global Industrials Fund | □ | □ | □ | | 11 Putnam Global Natural Resources Fund | □ | □ | □ | | 12 Putnam Global Sector Fund | □ | □ | □ | | 13 Putnam Global Technology Fund | □ | □ | □ | | 14 Putnam Global Telecommunications Fund | □ | □ | □ | | 15 Putnam Global Utilities Fund | □ | □ | □ | | 16 Putnam Growth Opportunities Fund | □ | □ | □ | | 17 Putnam High Yield Advantage Fund | □ | □ | □ | | 18 Putnam High Yield Trust | □ | □ | □ | | 19 Putnam Income Fund | □ | □ | □ | | 20 Putnam Intermediate-Term Municipal Income Fund | □ | □ | □ | | 21 Putnam International Capital Opportunities Fund | □ | □ | □ | | 22 Putnam International Equity Fund | □ | □ | □ | | 23 Putnam International Growth Fund | □ | □ | □ | | | □
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| | Fund subject to Proposal 4: Putnam Dynamic Asset Allocation Conservative Fund. | | | 4. Approving an amendment to a fundamental investment restriction with respect | FOR | AGAINST | ABSTAIN | to investments in commodities (see p. [ ]).commodities. | □
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Not Applicable | | | | | | Funds subject to Proposal 5: Putnam Global Consumer Fund and Putnam Global Financials Fund. | | | | FOR | AGAINST | ABSTAIN | 5. Approving an amendment to a fundamental investment policy regarding | □
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| diversification of investments (see p. [ ]). investments. | | | | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam Global Consumer Fund | □ | □ | □ | | 02 Putnam Global Financials Fund | □ | □ | □ | |
| Important Notice Regarding the Availability of Proxy Materials | for the Shareholder Meeting to be held on February 27, 2014. The proxy statement for | The Proxy Statement for this meeting is available at: [ ].atwww.proxy-direct.com/put-25215 |
By signing below, you, as a Putnam fund shareholder, appoint Trustees John A. Hill and Robert E. Patterson, and each of them separately, with power of substitution to each, to be your proxies. You are empowering them to vote your Putnam fund shares on your behalf at the meeting of shareholders of the Putnam funds. The meeting will take place on February 27, 2014, at 11:00 a.m., Boston time, and may be adjourned to later times or dates.Your vote is being solicited on behalf of the Trustees.When you complete and sign this proxy card, your shares will be voted on your behalf exactly as you have indicated on this card.If you simply sign this proxy card, and do not vote on a specific proposal, your shares will be automatically voted as the Trustees recommend.The proxies are also authorized to vote at their discretion on any other matter that arises at the meeting or any adjournment of the meeting. | | | Funds | Funds | Funds | Putnam International Value Fund | Putnam Investors Fund | Putnam Low Volatility Equity Fund | Putnam Managed Municipal Income Trust | Putnam Massachusetts Tax Exempt Income Fund | Putnam Master Intermediate Income Trust | Putnam Michigan Tax Exempt Income Fund | Putnam Minnesota Tax Exempt Income Fund | Putnam Money Market Fund | Putnam Money Market Liquidity Fund | Putnam Multi-Cap Core Fund | Putnam Multi-Cap Growth Fund | Putnam Multi-Cap Value Fund | Putnam Municipal Opportunities Trust | Putnam New Jersey Tax Exempt Income Fund | Putnam New York Tax Exempt Income Fund | Putnam Ohio Tax Exempt Income Fund | Putnam Pennsylvania Tax Exempt Income Fund | Putnam Premier Income Trust | Putnam Research Fund | Putnam RetirementReady 2055 Fund | Putnam RetirementReady 2050 Fund | Putnam RetirementReady 2045 Fund | Putnam RetirementReady 2040 Fund |
THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS AS DESCRIBED IN THE PROXY STATEMENT. Please vote by filling in the appropriate box below in blue or black ink as in this example: ■ | | | | | | | | | | 1. Approving a new management contract for your fund. | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam International Value Fund | □ | □ | □ | | 02 Putnam Investors Fund | □ | □ | □ | | 03 Putnam Low Volatility Equity Fund | □ | □ | □ | | 04 Putnam Managed Municipal Income Trust | □ | □ | □ | | 05 Putnam Massachusetts Tax Exempt Income Fund | □ | □ | □ | | 06 Putnam Master Intermediate Income Trust | □ | □ | □ | | 07 Putnam Michigan Tax Exempt Income Fund | □ | □ | □ | | 08 Putnam Minnesota Tax Exempt Income Fund | □ | □ | □ | | 09 Putnam Money Market Fund | □ | □ | □ | | 10 Putnam Money Market Liquidity Fund | □ | □ | □ | | 11 Putnam Multi-Cap Core Fund | □ | □ | □ | | 12 Putnam Multi-Cap Growth Fund | □ | □ | □ | | 13 Putnam Multi-Cap Value Fund | □ | □ | □ | | 14 Putnam Municipal Opportunities Trust | □ | □ | □ | | 15 Putnam New Jersey Tax Exempt Income Fund | □ | □ | □ | | 16 Putnam New York Tax Exempt Income Fund | □ | □ | □ | | 17 Putnam Ohio Tax Exempt Income Fund | □ | □ | □ | | 18 Putnam Pennsylvania Tax Exempt Income Fund | □ | □ | □ | | 19 Putnam Premier Income Trust | □ | □ | □ | | 20 Putnam Research Fund | □ | □ | □ | | 21 Putnam RetirementReady 2055 Fund | □ | □ | □ | | 22 Putnam RetirementReady 2050 Fund | □ | □ | □ | | 23 Putnam RetirementReady 2045 Fund | □ | □ | □ | | 24 Putnam RetirementReady 2040 Fund | □ | □ | □ | |
| | | | | | | | 2.Electing Trustees. | | | | | | | To withhold authority to vote for any individual nominee(s), but to vote for all other nominees, mark the “FOR ALL EXCEPT” box and | write the nominee number(s) on the line provided. | | | | | 01. | Liaquat Ahamed | 05. | Charles B. Curtis | 09. | Paul L. Joskow | 13. | Robert L. Reynolds | 02. | Ravi Akhoury | 06. | Robert J. Darretta | 10. | Kenneth R. Leibler | 14. | W. Thomas Stephens | 03. | Barbara M. Baumann | 07. | Katinka Domotorffy | 11. | Robert E. Patterson | | | 04. | Jameson A. Baxter | 08. | John A. Hill | 12. | George Putnam, III | | |
| | | | | | | | | | | FOR | WITHHOLD | FOR ALL | | | FOR | WITHHOLD | FOR ALL | | | ALL | ALL | EXCEPT | | | ALL | ALL | EXCEPT | | If you have any questions on these proposals, please call toll-free [ ].01 Putnam International Value Fund | Please sign and date the other side of this card. □ | □ | □ | | 02 Putnam Investors Fund | □ | □ | □ | | 03 Putnam Low Volatility Equity Fund | □ | □ | □ | | 04 Putnam Massachusetts Tax Exempt Income Fund | □ | □ | □ | | 05 Putnam Michigan Tax Exempt Income Fund | □ | □ | □ | | 06 Putnam Minnesota Tax Exempt Income Fund | □ | □ | □ | | 07 Putnam Money Market Fund | □ | □ | □ | | 08 Putnam Money Market Liquidity Fund | □ | □ | □ | | 09 Putnam Multi-Cap Core Fund | □ | □ | □ | | 10 Putnam Multi-Cap Growth Fund | □ | □ | □ | | 11 Putnam Multi-Cap Value Fund | □ | □ | □ | | 12 Putnam New Jersey Tax Exempt Income Fund | □ | □ | □ | | 13 Putnam New York Tax Exempt Income Fund | □ | □ | □ | | 14 Putnam Ohio Tax Exempt Income Fund | □ | □ | □ | | 15 Putnam Pennsylvania Tax Exempt Income Fund | □ | □ | □ | | 16 Putnam Research Fund | □ | □ | □ | | 17 Putnam RetirementReady 2055 Fund | □ | □ | □ | | 18 Putnam RetirementReady 2050 Fund | □ | □ | □ | | 19 Putnam RetirementReady 2045 Fund | □ | □ | □ | | 20 Putnam RetirementReady 2040 Fund | □ | □ | □ | | | | | CUSIP: [123456789]3. Approving an Amended and Restated Declaration of Trust for your fund. | Barcode
| TAG ID: [12345678] | | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam International Value Fund | □ | □ | □ | | 02 Putnam Investors Fund | □ | □ | □ | | 03 Putnam Low Volatility Equity Fund | □ | □ | □ | | 04 Putnam Massachusetts Tax Exempt Income Fund | □ | □ | □ | | 05 Putnam Michigan Tax Exempt Income Fund | □ | □ | □ | | 06 Putnam Minnesota Tax Exempt Income Fund | □ | □ | □ | | 07 Putnam Money Market Fund | □ | □ | □ | | 08 Putnam Money Market Liquidity Fund | □ | □ | □ | | 09 Putnam Multi-Cap Core Fund | □ | □ | □ | | 10 Putnam Multi-Cap Growth Fund | □ | □ | □ | | 11 Putnam Multi-Cap Value Fund | □ | □ | □ | | 12 Putnam New Jersey Tax Exempt Income Fund | □ | □ | □ | | 13 Putnam New York Tax Exempt Income Fund | □ | □ | □ | | 14 Putnam Ohio Tax Exempt Income Fund | □ | □ | □ | | 15 Putnam Pennsylvania Tax Exempt Income Fund | □ | □ | □ | | 16 Putnam Research Fund | □ | □ | □ | | 17 Putnam RetirementReady 2055 Fund | □ | □ | □ | | 18 Putnam RetirementReady 2050 Fund | □ | □ | □ | | 19 Putnam RetirementReady 2045 Fund | □ | □ | □ | | 20 Putnam RetirementReady 2040 Fund | □ | □ | □ | |
4. Approving an amendment to a fundamental investment restriction with respect to investments in commodities. Not Applicable 5. Approving an amendment to a fundamental investment policy regarding diversification of investments. Not Applicable | Important Notice Regarding the Availability of Proxy Materials | for the Shareholder Meeting to be held on February 27, 2014. | The Proxy Statement for this meeting is available atwww.proxy-direct.com/put-25215 |
By signing below, you, as a Putnam fund shareholder, appoint Trustees John A. Hill and Robert E. Patterson, and each of them separately, with power of substitution to each, to be your proxies. You are empowering them to vote your Putnam fund shares on your behalf at the meeting of shareholders of the Putnam funds. The meeting will take place on February 27, 2014, at 11:00 a.m., Boston time, and may be adjourned to later times or dates.Your vote is being solicited on behalf of the Trustees.When you complete and sign this proxy card, your shares will be voted on your behalf exactly as you have indicated on this card.If you simply sign this proxy card, and do not vote on a specific proposal, your shares will be automatically voted as the Trustees recommend.The proxies are also authorized to vote at their discretion on any other matter that arises at the meeting or any adjournment of the meeting. | | | Funds | Funds | Funds | Putnam RetirementReady 2035 Fund | Putnam RetirementReady 2030 Fund | Putnam RetirementReady 2025 Fund | Putnam RetirementReady 2020 Fund | Putnam RetirementReady 2015 Fund | Putnam Retirement Income Fund Lifestyle 1 | Putnam Retirement Income Fund Lifestyle 2 | Putnam Retirement Income Fund Lifestyle 3 | Putnam Short Duration Income Fund | Putnam Short Term Investment Fund | Putnam Short-Term Municipal Income Fund | Putnam Small Cap Growth Fund | Putnam Small Cap Value Fund | Putnam Strategic Volatility Equity Fund | Putnam Tax Exempt Income Fund | Putnam Tax Exempt Money Market Fund | Putnam Tax-Free High Yield Fund | Putnam U.S. Government Income Trust | Putnam Voyager Fund | Putnam VT Absolute Return 500 Fund | Putnam VT American Government Income Fund | Putnam VT Capital Opportunities Fund | Putnam VT Diversified Income Fund | Putnam VT Equity Income Fund |
THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS AS DESCRIBED IN THE PROXY STATEMENT. Please vote by filling in the appropriate box below in blue or black ink as in this example: ■ | | | | | | | | | | 1. Approving a new management contract for your fund. | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam RetirementReady 2035 Fund | □ | □ | □ | | 02 Putnam RetirementReady 2030 Fund | □ | □ | □ | | 03 Putnam RetirementReady 2025 Fund | □ | □ | □ | | 04 Putnam RetirementReady 2020 Fund | □ | □ | □ | | 05 Putnam RetirementReady 2015 Fund | □ | □ | □ | | 06 Putnam Retirement Income Fund Lifestyle 1 | □ | □ | □ | | 07 Putnam Retirement Income Fund Lifestyle 2 | □ | □ | □ | | 08 Putnam Retirement Income Fund Lifestyle 3 | □ | □ | □ | | 09 Putnam Short Duration Income Fund | □ | □ | □ | | 10 Putnam Short Term Investment Fund | □ | □ | □ | | 11 Putnam Short-Term Municipal Income Fund | □ | □ | □ | | 12 Putnam Small Cap Growth Fund | □ | □ | □ | | 13 Putnam Small Cap Value Fund | □ | □ | □ | | 14 Putnam Strategic Volatility Equity Fund | □ | □ | □ | | 15 Putnam Tax Exempt Income Fund | □ | □ | □ | | 16 Putnam Tax Exempt Money Market Fund | □ | □ | □ | | 17 Putnam Tax-Free High Yield Fund | □ | □ | □ | | 18 Putnam U.S. Government Income Trust | □ | □ | □ | | 19 Putnam Voyager Fund | □ | □ | □ | | 20 Putnam VT Absolute Return 500 Fund | □ | □ | □ | | 21 Putnam VT American Government Income Fund | □ | □ | □ | | 22 Putnam VT Capital Opportunities Fund | □ | □ | □ | | 23 Putnam VT Diversified Income Fund | □ | □ | □ | | 24 Putnam VT Equity Income Fund | □ | □ | □ | |
| | | | | | | | 2.Electing Trustees. | | | | | | | To withhold authority to vote for any individual nominee(s), but to vote for all other nominees, mark the “FOR ALL EXCEPT” box and | write the nominee number(s) on the line provided. | | | | | 01. | Liaquat Ahamed | 05. | Charles B. Curtis | 09. | Paul L. Joskow | 13. | Robert L. Reynolds | 02. | Ravi Akhoury | 06. | Robert J. Darretta | 10. | Kenneth R. Leibler | 14. | W. Thomas Stephens | 03. | Barbara M. Baumann | 07. | Katinka Domotorffy | 11. | Robert E. Patterson | | | 04. | Jameson A. Baxter | 08. | John A. Hill | 12. | George Putnam, III | | |
| | -3- | FOR | WITHHOLD | FOR ALL | | | FOR | WITHHOLD | FOR ALL | | | ALL | ALL | EXCEPT | | | ALL | ALL | EXCEPT | | 01 Putnam RetirementReady 2035 Fund | □ | □ | □ | | 02 Putnam RetirementReady 2030 Fund | □ | □ | □ | | 03 Putnam RetirementReady 2025 Fund | □ | □ | □ | | 04 Putnam RetirementReady 2020 Fund | □ | □ | □ | | 05 Putnam RetirementReady 2015 Fund | □ | □ | □ | | 06 Putnam Retirement Income Fund Lifestyle 1 | □ | □ | □ | | 07 Putnam Retirement Income Fund Lifestyle 2 | □ | □ | □ | | 08 Putnam Retirement Income Fund Lifestyle 3 | □ | □ | □ | | 09 Putnam Short Duration Income Fund | □ | □ | □ | | 10 Putnam Short Term Investment Fund | □ | □ | □ | | 11 Putnam Short-Term Municipal Income Fund | □ | □ | □ | | 12 Putnam Small Cap Growth Fund | □ | □ | □ | | 13 Putnam Small Cap Value Fund | □ | □ | □ | | 14 Putnam Strategic Volatility Equity Fund | □ | □ | □ | | 15 Putnam Tax Exempt Income Fund | □ | □ | □ | | 16 Putnam Tax Exempt Money Market Fund | □ | □ | □ | | 17 Putnam Tax-Free High Yield Fund | □ | □ | □ | | 18 Putnam U.S. Government Income Trust | □ | □ | □ | | 19 Putnam Voyager Fund | □ | □ | □ | | 20 Putnam VT Absolute Return 500 Fund | □ | □ | □ | | 21 Putnam VT American Government Income Fund | □ | □ | □ | | 22 Putnam VT Capital Opportunities Fund | □ | □ | □ | | 23 Putnam VT Diversified Income Fund | □ | □ | □ | | 24 Putnam VT Equity Income Fund | □ | □ | □ | | | 3. Approving an Amended and Restated Declaration of Trust for your fund. | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam RetirementReady 2035 Fund | □ | □ | □ | | 02 Putnam RetirementReady 2030 Fund | □ | □ | □ | | 03 Putnam RetirementReady 2025 Fund | □ | □ | □ | | 04 Putnam RetirementReady 2020 Fund | □ | □ | □ | | 05 Putnam RetirementReady 2015 Fund | □ | □ | □ | | 06 Putnam Retirement Income Fund Lifestyle 1 | □ | □ | □ | | 07 Putnam Retirement Income Fund Lifestyle 2 | □ | □ | □ | | 08 Putnam Retirement Income Fund Lifestyle 3 | □ | □ | □ | | 09 Putnam Short Duration Income Fund | □ | □ | □ | | 10 Putnam Short Term Investment Fund | □ | □ | □ | | 11 Putnam Short-Term Municipal Income Fund | □ | □ | □ | | 12 Putnam Small Cap Growth Fund | □ | □ | □ | | 13 Putnam Small Cap Value Fund | □ | □ | □ | | 14 Putnam Strategic Volatility Equity Fund | □ | □ | □ | | 15 Putnam Tax Exempt Income Fund | □ | □ | □ | | 16 Putnam Tax Exempt Money Market Fund | □ | □ | □ | | 17 Putnam Tax-Free High Yield Fund | □ | □ | □ | | 18 Putnam U.S. Government Income Trust | □ | □ | □ | | 19 Putnam Voyager Fund | □ | □ | □ | | 20 Putnam VT Absolute Return 500 Fund | □ | □ | □ | | 21 Putnam VT American Government Income Fund | □ | □ | □ | | 22 Putnam VT Capital Opportunities Fund | □ | □ | □ | | 23 Putnam VT Diversified Income Fund | □ | □ | □ | | 24 Putnam VT Equity Income Fund | □ | □ | □ | |
4. Approving an amendment to a fundamental investment restriction with respect to investments in commodities. Not Applicable 5. Approving an amendment to a fundamental investment policy regarding diversification of investments. Not Applicable | Important Notice Regarding the Availability of Proxy Materials | for the Shareholder Meeting to be held on February 27, 2014. | The Proxy Statement for this meeting is available atwww.proxy-direct.com/put-25215 |
By signing below, you, as a Putnam fund shareholder, appoint Trustees John A. Hill and Robert E. Patterson, and each of them separately, with power of substitution to each, to be your proxies. You are empowering them to vote your Putnam fund shares on your behalf at the meeting of shareholders of the Putnam funds. The meeting will take place on February 27, 2014, at 11:00 a.m., Boston time, and may be adjourned to later times or dates.Your vote is being solicited on behalf of the Trustees.When you complete and sign this proxy card, your shares will be voted on your behalf exactly as you have indicated on this card.If you simply sign this proxy card, and do not vote on a specific proposal, your shares will be automatically voted as the Trustees recommend.The proxies are also authorized to vote at their discretion on any other matter that arises at the meeting or any adjournment of the meeting. | | | Funds | Funds | Funds | Putnam VT George Putnam Balanced Fund | Putnam VT Global Asset Allocation Fund | Putnam VT Global Equity Fund | Putnam VT Global Health Care Fund | Putnam VT Global Utilities Fund | Putnam VT Growth and Income Fund | Putnam VT Growth Opportunities Fund | Putnam VT High Yield Fund | Putnam VT Income Fund | Putnam VT International Equity Fund | Putnam VT International Growth Fund | Putnam VT International Value Fund | Putnam VT Investors Fund | Putnam VT Money Market Fund | Putnam VT Multi-Cap Growth Fund | Putnam VT Multi-Cap Value Fund | Putnam VT Research Fund | Putnam VT Small Cap Value Fund | Putnam VT Voyager Fund | | |
THE TRUSTEES RECOMMEND A VOTEFORALL PROPOSALS AS DESCRIBED IN THE PROXY STATEMENT. Please vote by filling in the appropriate box below in blue or black ink as in this example: ■ | | | | | | | | | | 1. Approving a new management contract for your fund. | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam VT George Putnam Balanced Fund | □ | □ | □ | | 02. Putnam VT Global Asset Allocation Fund | □ | □ | □ | | 03 Putnam VT Global Equity Fund | □ | □ | □ | | 04. Putnam VT Global Health Care Fund | □ | □ | □ | | 05 Putnam VT Global Utilities Fund | □ | □ | □ | | 06. Putnam VT Growth and Income Fund | □ | □ | □ | | 07 Putnam VT Growth Opportunities Fund | □ | □ | □ | | 08. Putnam VT High Yield Fund | □ | □ | □ | | 09 Putnam VT Income Fund | □ | □ | □ | | 10. Putnam VT International Equity Fund | □ | □ | □ | | 11 Putnam VT International Growth Fund | □ | □ | □ | | 12. Putnam VT International Value Fund | □ | □ | □ | | 13 Putnam VT Investors Fund | □ | □ | □ | | 14. Putnam VT Money Market Fund | □ | □ | □ | | 15 Putnam VT Multi-Cap Growth Fund | □ | □ | □ | | 16. Putnam VT Multi-Cap Value Fund | □ | □ | □ | | 17 Putnam VT Research Fund | □ | □ | □ | | 18. Putnam VT Small Cap Value Fund | □ | □ | □ | | 19 Putnam VT Voyager Fund | □ | □ | □ | | | | | | |
| | | | | | | | 2.Electing Trustees. | | | | | | | To withhold authority to vote for any individual nominee(s), but to vote for all other nominees, mark the “FOR ALL EXCEPT” box and | write the nominee number(s) on the line provided. | | | | | 01. | Liaquat Ahamed | 05. | Charles B. Curtis | 09. | Paul L. Joskow | 13. | Robert L. Reynolds | 02. | Ravi Akhoury | 06. | Robert J. Darretta | 10. | Kenneth R. Leibler | 14. | W. Thomas Stephens | 03. | Barbara M. Baumann | 07. | Katinka Domotorffy | 11. | Robert E. Patterson | | | 04. | Jameson A. Baxter | 08. | John A. Hill | 12. | George Putnam, III | | |
| | | | FOR | WITHHOLD | FOR ALL | | | FOR | WITHHOLD | FOR ALL | | | ALL | ALL | EXCEPT | | | ALL | ALL | EXCEPT | | 01 Putnam VT George Putnam Balanced Fund | □ | □ | □ | | 02. Putnam VT Global Asset Allocation Fund | □ | □ | □ | | 03 Putnam VT Global Equity Fund | □ | □ | □ | | 04. Putnam VT Global Health Care Fund | □ | □ | □ | | 05 Putnam VT Global Utilities Fund | □ | □ | □ | | 06. Putnam VT Growth and Income Fund | □ | □ | □ | | 07 Putnam VT Growth Opportunities Fund | □ | □ | □ | | 08. Putnam VT High Yield Fund | □ | □ | □ | | 09 Putnam VT Income Fund | □ | □ | □ | | 10. Putnam VT International Equity Fund | □ | □ | □ | | 11 Putnam VT International Growth Fund | □ | □ | □ | | 12. Putnam VT International Value Fund | □ | □ | □ | | 13 Putnam VT Investors Fund | □ | □ | □ | | 14. Putnam VT Money Market Fund | □ | □ | □ | | 15 Putnam VT Multi-Cap Growth Fund | □ | □ | □ | | 16. Putnam VT Multi-Cap Value Fund | □ | □ | □ | | 17 Putnam VT Research Fund | □ | □ | □ | | 18. Putnam VT Small Cap Value Fund | □ | □ | □ | | 19 Putnam VT Voyager Fund | □ | □ | □ | | | | | | | | 3. Approving an Amended and Restated Declaration of Trust for your fund. | | | | | | FOR | AGAINST | ABSTAIN | | | FOR | AGAINST | ABSTAIN | | 01 Putnam VT George Putnam Balanced Fund | □ | □ | □ | | 02. Putnam VT Global Asset Allocation Fund | □ | □ | □ | | 03 Putnam VT Global Equity Fund | □ | □ | □ | | 04. Putnam VT Global Health Care Fund | □ | □ | □ | | 05 Putnam VT Global Utilities Fund | □ | □ | □ | | 06. Putnam VT Growth and Income Fund | □ | □ | □ | | 07 Putnam VT Growth Opportunities Fund | □ | □ | □ | | 08. Putnam VT High Yield Fund | □ | □ | □ | | 09 Putnam VT Income Fund | □ | □ | □ | | 10. Putnam VT International Equity Fund | □ | □ | □ | | 11 Putnam VT International Growth Fund | □ | □ | □ | | 12. Putnam VT International Value Fund | □ | □ | □ | | 13 Putnam VT Investors Fund | □ | □ | □ | | 14. Putnam VT Money Market Fund | □ | □ | □ | | 15 Putnam VT Multi-Cap Growth Fund | □ | □ | □ | | 16. Putnam VT Multi-Cap Value Fund | □ | □ | □ | | 17 Putnam VT Research Fund | □ | □ | □ | | 18. Putnam VT Small Cap Value Fund | □ | □ | □ | | 19 Putnam VT Voyager Fund | □ | □ | □ | | | |
4. Approving an amendment to a fundamental investment restriction with respect to investments in commodities. Not Applicable 5. Approving an amendment to a fundamental investment policy regarding diversification of investments. Not Applicable | Important Notice Regarding the Availability of Proxy Materials | for the Shareholder Meeting to be held on February 27, 2014. | The Proxy Statement for this meeting is available atwww.proxy-direct.com/put-25215 |
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