| UNITED STATES SECURITIES AND EXCHANGE COMMISSION | ||
| Washington, D.C. 20549 | ||
FORM N-Q | ||
| QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY | ||
| Investment Company Act file number: | (811-07513) |
| Exact name of registrant as specified in charter: | Putnam Funds Trust |
| Address of principal executive offices: | One Post Office Square, Boston, Massachusetts 02109 |
| Name and address of agent for service: | Robert T. Burns, Vice President One Post Office Square Boston, Massachusetts 02109 |
| Copy to: | John W. Gerstmayr, Esq. Ropes & Gray LLP 800 Boylston Street Boston, Massachusetts 02199-3600 |
| Registrant’s telephone number, including area code: | (617) 292-1000 |
| Date of fiscal year end: | July 31, 2012 |
| Date of reporting period: | April 30, 2012 |
Item 1. Schedule of Investments: |
| Putnam Short Duration Income Fund | ||||||
| The fund's portfolio | ||||||
| 4/30/12 (Unaudited) | ||||||
| CORPORATE BONDS AND NOTES (47.9%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Automotive (1.2%) | ||||||
| Toyota Motor Credit Corp. sr. unsec. unsub. notes FRN Ser. MTN | 0.667 | 1/14/13 | $300,000 | $300,752 | ||
| Volkswagen International Finance NV 144A company guaranty sr. unsec. notes FRB | 1.074 | 9/22/13 | 300,000 | 300,000 | ||
| 600,752 | ||||||
| Banking (15.2%) | ||||||
| American Express Centurion Bank sr. unsec. unsub. notes | 5.550 | 10/17/12 | 200,000 | 205,472 | ||
| Australia & New Zealand Banking Group, Ltd. 144A sr. unsec. notes FRN (Australia) | 0.669 | 7/7/12 | 200,000 | 200,214 | ||
| Bank of America Corp. sr. unsec. unsub. notes FRN | 0.974 | 9/11/12 | 300,000 | 299,715 | ||
| Bank of New York Mellon Corp. (The) sr. unsec. unsub. notes FRN | 0.827 | 1/31/14 | 240,000 | 240,157 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. 144A sr. unsec. notes (Japan) | 2.600 | 1/22/13 | 400,000 | 405,135 | ||
| Bank One Corp. unsec. sub. notes | 5.250 | 1/30/13 | 300,000 | 311,998 | ||
| Barclays Bank PLC sr. unsec. unsub. notes (United Kingdom) | 5.450 | 9/12/12 | 100,000 | 101,564 | ||
| BB&T Corp. sr. unsec. unsub. notes | 3.850 | 7/27/12 | 300,000 | 303,521 | ||
| Citigroup, Inc. sr. unsec. notes FRN | 2.510 | 8/13/13 | 300,000 | 301,659 | ||
| Commonwealth Bank of Australia 144A unsec. notes FRN (Australia) | 0.671 | 6/29/12 | 100,000 | 99,985 | ||
| Cooperative Centrale Raiffeisen-Boerenleenbank BA/Netherlands sr. unsec. unsub. notes (Netherlands) | 3.000 | 9/18/12 | 345,000 | 348,536 | ||
| Countrywide Financial Corp. company guaranty sr. unsec. unsub. notes FRN Ser. MTN | 0.906 | 5/7/12 | 200,000 | 199,869 | ||
| Fifth Third Bank/Ohio sr. unsec. notes FRN | 0.605 | 5/17/13 | 250,000 | 247,981 | ||
| HSBC Bank PLC 144A FRN (United Kingdom) | 0.987 | 8/3/12 | 200,000 | 200,067 | ||
| HSBC Finance Corp. sr. unsec. notes | 5.900 | 6/19/12 | 140,000 | 141,625 | ||
| ING Bank NV 144A sr. unsec. notes FRN (Netherlands) | 1.524 | 3/15/13 | 250,000 | 249,465 | ||
| National City Bank unsec. sub. bonds | 4.625 | 5/1/13 | 350,000 | 362,623 | ||
| Royal Bank of Canada sr. unsec. notes FRN (Canada) | 1.166 | 10/30/14 | 400,000 | 403,521 | ||
| Royal Bank of Scotland PLC (The) company guaranty sr. unsec. unsub. notes FRN (United Kingdom) | 2.913 | 8/23/13 | 245,000 | 244,546 | ||
| Scotland International Finance No2 BV 144A bank guaranty unsec. sub. notes (Netherlands) | 4.250 | 5/23/13 | 350,000 | 348,376 | ||
| Standard Chartered PLC 144A sr. unsec. notes FRN (United Kingdom) | 1.460 | 5/12/14 | 300,000 | 299,752 | ||
| SunTrust Bank/Atlanta Ga sr. unsec. notes FRN | 0.603 | 5/21/12 | 350,000 | 350,015 | ||
| Svenska Handelsbanken AB 144A sr. unsec. unsub. notes FRN (Sweden) | 1.474 | 9/14/12 | 355,000 | 356,140 | ||
| Toronto-Dominion Bank sr. unsec. unsub. notes FRN (Canada) | 0.767 | 7/14/14 | 295,000 | 295,655 | ||
| US Bank NA unsec. sub. notes | 4.950 | 10/30/14 | 350,000 | 381,782 | ||
| Wachovia Bank NA sr. unsec. sub. notes FRN Ser. BKNT | 0.917 | 11/3/14 | 293,000 | 284,277 | ||
| Westpac Banking Corp. sr. unsec. unsub. bonds (Australia) | 2.250 | 11/19/12 | 90,000 | 91,028 | ||
| 7,274,678 | ||||||
| Beverage (1.8%) | ||||||
| Anheuser-Busch InBev Worldwide, Inc. company guaranty sr. unsec. unsub. notes (Belgium) | 3.000 | 10/15/12 | 330,000 | 334,237 | ||
| Coca-Cola Co. (The) sr. unsec. unsub. notes FRN | 0.553 | 5/15/12 | 245,000 | 245,186 | ||
| Coca-Cola Co. (The) sr. unsec. unsub. notes FRN | 0.424 | 3/14/14 | 300,000 | 300,000 | ||
| 879,423 | ||||||
| Broadcasting (0.3%) | ||||||
| Viacom, Inc. company guaranty sr. unsec. unsub. notes | 5.625 | 8/15/12 | 136,000 | 137,886 | ||
| 137,886 | ||||||
| Chemicals (1.2%) | ||||||
| Dow Chemical Co. (The) sr. unsec. notes | 6.000 | 10/1/12 | 300,000 | 307,650 | ||
| E.I. du Pont de Nemours & Co. sr. unsec. notes | 4.750 | 11/15/12 | 250,000 | 256,322 | ||
| E.I. du Pont de Nemours & Co. sr. unsec. notes FRN | 0.894 | 3/25/14 | 15,000 | 15,103 | ||
| 579,075 | ||||||
| Communications equipment (0.7%) | ||||||
| Motorola Solutions, Inc. sr. unsec. unsub. notes | 5.375 | 11/15/12 | 323,000 | 331,258 | ||
| 331,258 | ||||||
| Computers (1.3%) | ||||||
| Hewlett-Packard Co. sr. unsec. unsub. notes | 0.599 | 9/13/12 | 300,000 | 299,936 | ||
| Xerox Corp. sr. unsec. notes | 5.500 | 5/15/12 | 300,000 | 300,565 | ||
| 600,501 | ||||||
| Consumer finance (0.9%) | ||||||
| American Express Credit Corp. sr. unsec. notes FRN | 1.940 | 6/19/13 | 100,000 | 101,264 | ||
| American Honda Finance Corp. 144A sr. unsec. notes FRN Ser. MTN | 0.897 | 11/7/12 | 334,000 | 334,479 | ||
| 435,743 | ||||||
| Electric utilities (1.9%) | ||||||
| KCP&L Greater Missouri Operations Co. sr. unsec. unsub. notes | 11.875 | 7/1/12 | 300,000 | 308,997 | ||
| Pacific Gas & Electric Co. sr. unsec. unsub. notes FRN | 0.943 | 11/20/12 | 345,000 | 345,767 | ||
| PSEG Power, LLC company guaranty sr. unsec. unsub. notes | 2.500 | 4/15/13 | 250,000 | 254,209 | ||
| 908,973 | ||||||
| Financial (1.6%) | ||||||
| General Electric Capital Corp. sr. unsec. unsub. notes FRN | 0.474 | 9/20/13 | 100,000 | 98,767 | ||
| General Electric Capital Corp. sr. unsec. unsub. notes FRN Ser. MTNA | 1.393 | 5/22/13 | 300,000 | 302,918 | ||
| Westfield Group 144A company guaranty sr. unsec. unsub. notes | 5.400 | 10/1/12 | 350,000 | 356,215 | ||
| 757,900 | ||||||
| Food (0.6%) | ||||||
| Kraft Foods, Inc. sr. unsec. unsub. notes | 6.250 | 6/1/12 | 200,000 | 202,142 | ||
| Kraft Foods, Inc. sr. unsec. unsub. notes FRN | 1.344 | 7/10/13 | 100,000 | 100,596 | ||
| 302,738 | ||||||
| Insurance (5.7%) | ||||||
| Allstate Life Global Funding Trusts notes Ser. MTN | 5.375 | 4/30/13 | 240,000 | 252,048 | ||
| Jackson National Life Global Funding, Co. 144A sr. notes Ser. GMTN | 6.125 | 5/30/12 | 320,000 | 323,029 | ||
| Mass Mutual Global Funding II 144A sr. sec. unsub. notes | 3.625 | 7/16/12 | 350,000 | 353,089 | ||
| MetLife Global Funding I 144A sr. unsec. notes | 2.875 | 9/17/12 | 185,000 | 186,845 | ||
| MetLife Institutional Funding II 144A FRN | 0.869 | 7/12/12 | 100,000 | 99,959 | ||
| Monumental Global Funding, Ltd. 144A sr. unsub. notes | 5.250 | 1/15/14 | 385,000 | 408,273 | ||
| New York Life Global Funding 144A notes FRN | 0.728 | 4/4/14 | 500,000 | 500,380 | ||
| Principal Life Income Funding Trusts company guaranty sr. notes | 5.300 | 4/24/13 | 350,000 | 365,501 | ||
| Prudential Financial, Inc. sr. unsec. unsub. notes | 5.800 | 6/15/12 | 235,000 | 237,780 | ||
| 2,726,904 | ||||||
| Investment banking/Brokerage (1.0%) | ||||||
| Credit Suisse First Boston USA, Inc. bank guaranty sr. unsec. unsub. notes | 5.500 | 8/15/13 | 100,000 | 105,121 | ||
| TD Ameritrade Holding Corp. company guaranty sr. unsec. unsub. notes | 2.950 | 12/1/12 | 350,000 | 355,373 | ||
| 460,494 | ||||||
| Machinery (1.5%) | ||||||
| Caterpillar Financial Services Corp. sr. unsec. notes FRN | 0.774 | 12/11/13 | 350,000 | 351,690 | ||
| John Deere Capital Corp. sr. unsec. unsub. notes FRN | 0.868 | 10/4/13 | 348,000 | 349,885 | ||
| 701,575 | ||||||
| Metals (0.8%) | ||||||
| BHP Billiton Finance USA, Ltd. company guaranty sr. unsec. notes FRN (Australia) | 0.735 | 2/18/14 | 375,000 | 375,541 | ||
| 375,541 | ||||||
| Miscellaneous (0.2%) | ||||||
| SSIF Nevada LP 144A bank guaranty sr. unsec. unsub. notes FRN | 1.167 | 4/14/14 | 100,000 | 99,513 | ||
| 99,513 | ||||||
| Natural gas utilities (0.9%) | ||||||
| CenterPoint Energy Resources Corp. sr. unsec. unsub. notes | 7.875 | 4/1/13 | 390,000 | 414,375 | ||
| 414,375 | ||||||
| Oil and gas (0.6%) | ||||||
| Motiva Enterprises, LLC 144A sr. unsec. unsub. notes | 5.200 | 9/15/12 | 300,000 | 304,575 | ||
| 304,575 | ||||||
| Real estate (6.1%) | ||||||
| Boston Properties, Inc. sr. unsec. notes(R) | 6.250 | 1/15/13 | 396,000 | 412,146 | ||
| Camden Property Trust sr. unsec. unsub. notes(R) | 5.875 | 11/30/12 | 400,000 | 411,043 | ||
| ERP Operating LP sr. unsec. notes(R) | 5.500 | 10/1/12 | 350,000 | 356,676 | ||
| HCP, Inc. sr. unsec. notes(R) | 5.625 | 2/28/13 | 150,000 | 153,764 | ||
| Hospitality Properties Trust sr. unsec. notes(R) | 6.750 | 2/15/13 | 300,000 | 305,410 | ||
| Nationwide Building Society 144A bank guaranty sr. notes (United Kingdom) | 5.500 | 7/18/12 | 400,000 | 404,236 | ||
| ProLogis LP company guaranty sr. unsec. notes | 5.500 | 3/1/13 | 400,000 | 414,339 | ||
| Simon Property Group LP sr. unsec. notes(R) | 6.750 | 5/15/14 | 397,000 | 435,626 | ||
| 2,893,240 | ||||||
| Restaurants (0.6%) | ||||||
| Yum! Brands, Inc. sr. unsec. unsub. notes | 7.700 | 7/1/12 | 300,000 | 305,223 | ||
| 305,223 | ||||||
| Retail (1.9%) | ||||||
| Kroger Co. company guaranty sr. unsec. notes | 5.000 | 4/15/13 | 250,000 | 259,955 | ||
| Macy's Retail Holdings, Inc. company guaranty sr. unsec. notes | 5.875 | 1/15/13 | 325,000 | 336,075 | ||
| Target Corp. sr. unsec. notes FRN | 0.499 | 1/11/13 | 300,000 | 300,359 | ||
| 896,389 | ||||||
| Technology services (0.5%) | ||||||
| Western Union Co. (The) sr. unsec. unsub. notes FRN | 1.055 | 3/7/13 | 250,000 | 251,017 | ||
| 251,017 | ||||||
| Telephone (1.4%) | ||||||
| BellSouth Corp. sr. unsec. unsub. notes | 4.750 | 11/15/12 | 359,000 | 367,084 | ||
| Verizon New England, Inc. sr. unsec. debs. Ser. C | 4.750 | 10/1/13 | 300,000 | 315,324 | ||
| 682,408 | ||||||
| Total corporate bonds and notes (cost $22,876,382) | $22,920,181 | |||||
| COMMERCIAL PAPER (27.0%)(a) | ||||||
| Yield (%) | Maturity date | Principal amount | Value | |||
| ABN AMRO Funding USA, LLC 144A | 0.481 | 5/29/12 | $325,000 | $324,729 | ||
| Avon Capital Corp. | 0.550 | 5/10/12 | 383,000 | 382,941 | ||
| AXA Financial, Inc. 144A | 0.712 | 8/16/12 | 350,000 | 349,261 | ||
| BMW U.S. Capital, LLC | 0.020 | 7/25/12 | 300,000 | 299,935 | ||
| BNP Paribas Finance, Inc. | 0.712 | 7/9/12 | 325,000 | 324,451 | ||
| BP Capital Markets PLC (United Kingdom) | 0.531 | 8/7/12 | 330,000 | 329,728 | ||
| BP Capital Markets PLC (United Kingdom) | 0.511 | 7/31/12 | 200,000 | 199,848 | ||
| British Telecommunications PLC (United Kingdom) | 1.107 | 10/29/12 | 325,000 | 323,203 | ||
| Comcast Corp. | 0.500 | 6/19/12 | 360,000 | 359,755 | ||
| Daimler Finance North America, LLC | 0.611 | 5/8/12 | 300,000 | 299,807 | ||
| Danske Corp. (Denmark) | 0.300 | 5/31/12 | 350,000 | 349,913 | ||
| Devon Energy Corp. | 0.501 | 6/7/12 | 350,000 | 349,820 | ||
| Diageo Capital PLC (United Kingdom) | 0.500 | 5/15/12 | 295,000 | 294,943 | ||
| DnB Bank ASA (Norway) | 0.360 | 8/30/12 | 350,000 | 349,577 | ||
| Florida Power & Light Co. | 0.260 | 5/8/12 | 410,000 | 409,979 | ||
| Ford Motor Credit Co., LLC | 0.900 | 5/15/12 | 375,000 | 374,869 | ||
| GATX Corp. 144A | 0.500 | 6/4/12 | 400,000 | 399,811 | ||
| Goldman Sachs Group, Inc. (The) | 0.550 | 6/1/12 | 350,000 | 349,834 | ||
| Liberty Mutual Group, Inc. | 0.500 | 5/7/12 | 400,000 | 399,967 | ||
| Louis Dreyfus Commodities, LLC Ser. BARC | 0.570 | 5/18/12 | 250,000 | 249,933 | ||
| Macquarie Bank, Ltd. 144A (Australia) | 0.681 | 6/5/12 | 350,000 | 349,607 | ||
| NiSource Finance Corp. | 1.181 | 5/16/12 | 300,000 | 299,853 | ||
| Nissan Motor Acceptance Corp. | 0.440 | 5/24/12 | 425,000 | 424,875 | ||
| NSTAR, LLC | 0.400 | 5/18/12 | 425,000 | 424,915 | ||
| PB Finance (Delaware), Inc. | 0.680 | 5/4/12 | 380,000 | 379,978 | ||
| Prudential PLC (United Kingdom) | 0.783 | 7/30/12 | 350,000 | 349,181 | ||
| Skandinaviska Enskilda Banken AB (Sweden) | 0.511 | 6/25/12 | 350,000 | 349,727 | ||
| Societe Generale NA (France) | 0.500 | 6/1/12 | 350,000 | 349,849 | ||
| Sumitomo Mitsui Banking Corp. (Japan) | 0.531 | 7/19/12 | 350,000 | 349,282 | ||
| Suncorp-Metway, Ltd. 144A (Australia) | 0.601 | 7/5/12 | 350,000 | 349,621 | ||
| Swedbank (Sweden) | 0.571 | 5/3/12 | 300,000 | 299,872 | ||
| Swedbank AB (Sweden) | 0.531 | 5/11/12 | 300,000 | 299,839 | ||
| TransCanada Pipelines, Ltd. (Canada) | 0.470 | 5/9/12 | 350,000 | 349,963 | ||
| Viacom, Inc. | 0.420 | 5/1/12 | 350,000 | 350,000 | ||
| Volvo Treasury AB (Sweden) | 0.651 | 6/7/12 | 325,000 | 324,462 | ||
| Vodafone Group PLC (United Kingdom) | 1.055 | 7/9/12 | 300,000 | 299,368 | ||
| Westar Energy, Inc. | 0.450 | 5/21/12 | 400,000 | 399,895 | ||
| Windmill Funding I Corp. (United Kingdom) | 0.470 | 5/22/12 | 250,000 | 249,931 | ||
| Total commercial paper (cost $12,923,872) | $12,922,522 | |||||
| CERTIFICATES OF DEPOSIT (8.2%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Abbey National Treasury Services PLC/Stamford, CT FRN | 1.766 | 4/25/13 | $300,000 | $296,386 | ||
| Bank of Montreal/Chicago, IL FRN (Canada) | 0.703 | 8/15/13 | 400,000 | 399,560 | ||
| Bank of Nova Scotia/Houston FRN | 1.016 | 1/27/14 | 300,000 | 300,011 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. FRN (Japan) | 0.830 | 9/4/12 | 327,000 | 326,504 | ||
| Canadian Imperial Bank of Commerce/New York, NY FRN (Canada) | 0.430 | 10/15/12 | 350,000 | 350,011 | ||
| Commonwealth Bank of Australia FRN (Australia) | 1.216 | 1/17/14 | 350,000 | 353,319 | ||
| Mizuho Corporate Bank (USA) (Japan) | 0.600 | 7/20/12 | 395,000 | 395,087 | ||
| National Australia Bank, Ltd./New York FRN (Australia) | 1.666 | 1/30/14 | 500,000 | 503,168 | ||
| Nordea Bank Finland PLC/New York FRN | 1.011 | 2/6/13 | 233,000 | 233,256 | ||
| Nordea Bank Finland PLC/New York FRN | 0.909 | 4/5/13 | 175,000 | 175,059 | ||
| Toronto-Dominion Bank/NY FRN (Canada) | 4360.000 | 10/19/12 | 100,000 | 99,994 | ||
| UBS AG/Stamford, CT FRN | 7.360 | 7/23/12 | 250,000 | 250,037 | ||
| Westpac Banking Corp. NY FRN (Australia) | 0.330 | 6/15/12 | 250,000 | 249,941 | ||
| Total certificates of deposit (cost $3,931,612) | $3,932,333 | |||||
| ASSET-BACKED COMMERCIAL PAPER (4.3%)(a) | ||||||
| Yield (%) | Maturity date | Principal amount | Value | |||
| Alpine Securitization Corp. (Switzerland) | 0.511 | 8/22/12 | $200,000 | $199,600 | ||
| Bryant Park Funding, LLC | 0.190 | 5/9/12 | 250,000 | 249,989 | ||
| Chariot Funding, LLC | 0.220 | 6/27/12 | 399,000 | 398,861 | ||
| CIESCO-LP | 0.441 | 6/15/12 | 310,000 | 309,865 | ||
| CRC Funding, LLC | 0.531 | 7/17/12 | 310,000 | 309,380 | ||
| Govco, LLC | 0.300 | 5/8/12 | 250,000 | 249,985 | ||
| Sheffield Receivables Corp. (United Kingdom) | 0.410 | 5/9/12 | 325,000 | 324,882 | ||
| Total asset-backed commercial paper (cost $2,042,964) | $2,042,562 | |||||
| MORTGAGE-BACKED SECURITIES (2.9%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Bear Stearns Commercial Mortgage Securities, Inc. | ||||||
| Ser. 07-PW17, Class A2 | 5.574 | 6/11/50 | $88,287 | $88,244 | ||
| Ser. 05-PWR9, Class A2(F) | 4.735 | 9/11/42 | 59,138 | 60,327 | ||
| Commercial Mortgage Pass-Through Certificates Ser. 06-C8, Class A2B | 5.248 | 12/10/46 | 87,129 | 87,021 | ||
| CS First Boston Mortgage Securities Corp. Ser. 03-C3, Class B | 4.052 | 5/15/38 | 150,000 | 149,910 | ||
| CWCapital Cobalt Ser. 07-C3, Class A2 | 5.930 | 5/15/46 | 107,770 | 108,380 | ||
| Federal National Mortgage Association Ser. 04-61, Class CO, PO | 0.000 | 10/25/31 | 12,022 | 11,947 | ||
| Greenwich Capital Commercial Funding Corp. | ||||||
| Ser. 07-GG11, Class A2(F) | 5.597 | 12/10/49 | 120,000 | 123,016 | ||
| Ser. 05-GG5, Class A2 | 5.117 | 4/10/37 | 125,345 | 125,588 | ||
| LB-UBS Commercial Mortgage Trust Ser. 07-C1, Class A2 | 5.318 | 2/15/40 | 95,798 | 95,804 | ||
| Morgan Stanley Capital I Ser. 07-HQ13, Class A2 | 5.649 | 12/15/44 | 70,000 | 70,559 | ||
| Opteum Mortgage Acceptance Corp. FRB Ser. 05-3, Class A1B | 0.499 | 7/25/35 | 180,872 | 172,733 | ||
| Wachovia Bank Commercial Mortgage Trust | ||||||
| Ser. 07-C34, Class A2 | 5.569 | 5/15/46 | 234,690 | 237,107 | ||
| FRB Ser. 05-C16, Class B | 4.945 | 10/15/41 | 50,000 | 50,823 | ||
| Total mortgage-backed securities (cost $1,377,917) | $1,381,459 | |||||
| ASSET-BACKED SECURITIES (2.5%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Bear Stearns Asset Backed Securities Trust FRB Ser. 05-SD2, Class 1A3 | 0.639 | 3/25/35 | $195,581 | $170,527 | ||
| Chase Funding Mortgage Loan Asset-Backed Certificates | ||||||
| Ser. 04-2, Class 1A4 | 5.323 | 2/25/35 | 259,823 | 266,578 | ||
| Ser. 04-1, Class 1A6 | 4.266 | 6/25/15 | 47,525 | 47,853 | ||
| Countrywide Asset Backed Certificates | ||||||
| FRB Ser. 05-4, Class MV1 | 0.699 | 10/25/35 | 180,521 | 176,910 | ||
| FRB Ser. 05-AB1, Class A3 | 0.539 | 8/25/35 | 193,166 | 165,157 | ||
| Home Equity Asset Trust FRB Ser. 06-3, Class 2A3 | 0.419 | 7/25/36 | 265,835 | 260,518 | ||
| Renaissance Home Equity Loan Trust FRB Ser. 07-3, Class AV1 | 1.139 | 9/25/37 | 131,771 | 125,177 | ||
| Total asset-backed securities (cost $1,213,805) | $1,212,720 | |||||
| REPURCHASE AGREEMENTS (2.2%)(a) | ||||||
| Principal amount | Value | |||||
| Interest in $587,000,000 joint tri-party repurchase agreement dated 4/30/12 with Deutsche Bank Securities, Inc. due 5/1/12 - maturity value of $1,049,006 for an effective yield of 0.21% (collateralized by various mortgage-backed securities with coupon rates ranging from 3.00% to 5.00% and due dates ranging from 2/1/27 to 4/1/42, valued at $598,740,000) | $1,049,000 | $1,049,000 | ||||
| Total repurchase agreements (cost $1,049,000) | $1,049,000 | |||||
| TOTAL INVESTMENTS | ||||||
| Total investments (cost $45,415,552)(b) | $45,460,777 | |||||
| Key to holding's abbreviations | |||
| FRB | Floating Rate Bonds: the rate shown is the current interest rate at the close of the reporting period | ||
| FRN | Floating Rate Notes: the rate shown is the current interest rate at the close of the reporting period | ||
| GMTN | Global Medium Term Notes | ||
| MTN | Medium Term Notes | ||
| MTNA | Medium Term Notes Class A | ||
| PO | Principal Only | ||
| Notes to the fund's portfolio | |||||
| Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from October 17, 2011 (commencement of operations) through April 30, 2012 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures and references to “Putnam Management” represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC. | |||||
| (a) | Percentages indicated are based on net assets of $47,808,332. | ||||
| (b) | The aggregate identified cost on a tax basis is $45,415,552, resulting in gross unrealized appreciation and depreciation of $58,574 and $13,349, respectively, or net unrealized appreciation of $45,225. | ||||
| The fund invested in Putnam Money Market Liquidity Fund, an open-end management investment company managed by Putnam Management. Investments in Putnam Money Market Liquidity Fund are valued at its closing net asset value each business day. Income distributions earned by the fund are recorded as interest income and totaled $494 for the reporting period. During the reporting period, cost of purchases and proceeds of sales of investments in Putnam Money Market Liquidity Fund aggregated $33,761,233 and $33,761,233, respectively. Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. | |||||
| (F) | Is valued at fair value following procedures approved by the Trustees. Securities may be classified as Level 2 or Level 3 for ASC 820 based on the securities' valuation inputs. | ||||
| (R) | Real Estate Investment Trust. | ||||
| Debt obligations are considered secured unless otherwise indicated. | |||||
| 144A after the name of an issuer represents securities exempt from registration under Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
| The dates shown on debt obligations are the original maturity dates. | |||||
| DIVERSIFICATION BY COUNTRY | |||||
| Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value): | |||||
| United States | 69.8% | ||||
| United Kingdom | 8.0 | ||||
| Australia | 5.7 | ||||
| Canada | 4.2 | ||||
| Sweden | 3.6 | ||||
| Japan | 3.2 | ||||
| Netherlands | 2.1 | ||||
| Denmark | 0.8 | ||||
| France | 0.8 | ||||
| Norway | 0.8 | ||||
| Belgium | 0.7 | ||||
| Other | 0.3 | ||||
| Total | 100.0% | ||||
| Security valuation: Market quotations are not considered to be readily available for certain debt obligations and other investments; such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which considers such factors as security prices, yields, maturities and ratings). These securities will generally be categorized as Level 2. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. | |||||
| To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures and recovery rates. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | |||||
| Such valuations and procedures are reviewed periodically by the Trustees. Certain securities may be valued on the basis of a price provided by a single source. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount. | |||||
| Repurchase agreements: The fund, or any joint trading account, through its custodian, receives delivery of the underlying securities, the market value of which at the time of purchase is required to be in an amount at least equal to the resale price, including accrued interest. Collateral for certain tri-party repurchase agreements is held at the counterparty’s custodian in a segregated account for the benefit of the fund and the counterparty. Putnam Management is responsible for determining that the value of these underlying securities is at all times at least equal to the resale price, including accrued interest. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings. | |||||
| Stripped securities: The fund may invest in stripped securities which represent a participation in securities that may be structured in classes with rights to receive different portions of the interest and principal. Interest-only securities receive all of the interest and principal-only securities receive all of the principal. If the interest-only securities experience greater than anticipated prepayments of principal, the fund may fail to recoup fully its initial investment in these securities. Conversely, principal-only securities increase in value if prepayments are greater than anticipated and decline if prepayments are slower than anticipated. The market value of these securities is highly sensitive to changes in interest rates. | |||||
| ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund’s investments. The three levels are defined as follows: | ||||
| Level 1: Valuations based on quoted prices for identical securities in active markets. | ||||
| Level 2: Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. | ||||
| Level 3: Valuations based on inputs that are unobservable and significant to the fair value measurement. | ||||
| The following is a summary of the inputs used to value the fund’s net assets as of the close of the reporting period: | ||||
| Valuation inputs | ||||
|
| ||||
| Investments in securities: | Level 1 | Level 2 | Level 3 | |
| Asset-backed securities | $— | $1,212,720 | $— | |
| Asset-backed commercial paper | — | 2,042,562 | — | |
| Certificates of deposit | — | 3,932,333 | — | |
| Commercial paper | — | 12,922,522 | — | |
| Corporate bonds and notes | — | 22,920,181 | — | |
| Mortgage-backed securities | — | 1,381,459 | — | |
| Repurchase agreements | — | 1,049,000 | — | |
|
|
|
|
||
| Totals by level | $— | $45,460,777 | $— | |
| For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com | ||||
| Item 2. Controls and Procedures: |
| (a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms. |
| (b) Changes in internal control over financial reporting: Not applicable |
| Item 3. Exhibits: |
| Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith. |
| SIGNATURES |
| Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. |
| Putnam Funds Trust |
| By (Signature and Title): |
| /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer Date: June 28, 2012 |
| Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. |
| By (Signature and Title): |
| /s/ Jonathan S. Horwitz Jonathan S. Horwitz Principal Executive Officer Date: June 28, 2012 |
| By (Signature and Title): |
| /s/ Steven D. Krichmar Steven D. Krichmar Principal Financial Officer Date: June 28, 2012 |
| Certifications | |
| I, Jonathan S. Horwitz, the Principal Executive Officer of the funds listed on Attachment A, certify that: | |
1. I have reviewed each report on Form N-Q of the funds listed on Attachment A: | |
2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report; | |
3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; | |
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have: | |
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared; | |
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | |
c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and | |
d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and | |
5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions): | |
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and | |
b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting. | |
/s/ Jonathan S. Horwitz | |
| _____________________________ | |
Date: June 27, 2012 | |
| Jonathan S. Horwitz | |
| Principal Executive Officer | |
Certifications | |
| I, Steven D. Krichmar, the Principal Financial Officer of the funds listed on Attachment A, certify that: | |
1. I have reviewed each report on Form N-Q of the funds listed on Attachment A: | |
2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report; | |
3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; | |
4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have: | |
a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared; | |
b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | |
c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and | |
d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and | |
5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions): | |
a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and | |
b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting. | |
/s/ Steven D. Krichmar | |
| _______________________________ | |
Date: June 27, 2012 | |
| Steven D. Krichmar | |
| Principal Financial Officer | |
Attachment A | |
NQ | |
Period (s) ended April 30, 2012 | |
| Putnam AMT- Free Municipal Fund | |
| Putnam Tax-Free High Yield Fund | |
| George Putnam Balanced Fund | |
| Putnam Voyager Fund | |
| Putnam Research Fund | |
| Putnam Premier Income Trust | |
| Putnam Investors Fund | |
| Putnam Growth Opportunities Fund | |
| Putnam Short Duration Income 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 |