0000928816-13-001685.txt : 20131029 0000928816-13-001685.hdr.sgml : 20131029 20131029133731 ACCESSION NUMBER: 0000928816-13-001685 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130831 FILED AS OF DATE: 20131029 DATE AS OF CHANGE: 20131029 EFFECTIVENESS DATE: 20131029 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUNDS TRUST CENTRAL INDEX KEY: 0001005942 IRS NUMBER: 043299786 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07513 FILM NUMBER: 131175686 BUSINESS ADDRESS: STREET 1: ONE POST STREET 2: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921010 MAIL ADDRESS: STREET 1: ONE POST OFFICE SQUARE CITY: BOSTON STATE: MA ZIP: 02109 0001005942 S000039836 Putnam Global Dividend Fund C000123531 CLASS A C000123532 CLASS B C000123533 CLASS C C000123534 CLASS M C000123535 CLASS Y N-Q 1 a_globaldividend.htm PUTNAM FUNDS TRUST a_globaldividend.htm


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: November 30, 2013
Date of reporting period: August 31, 2013



Item 1. Schedule of Investments:














Putnam Global Dividend Fund

The fund's portfolio
8/31/13 (Unaudited)
COMMON STOCKS (93.9%)(a)
Shares Value

Aerospace and defense (2.3%)
BAE Systems PLC (United Kingdom) 6,026 $40,632
General Dynamics Corp. 917 76,340
Northrop Grumman Corp. 655 60,437

177,409
Air freight and logistics (0.5%)
bpost SA (Belgium)(NON) 1,796 34,964

34,964
Airlines (1.2%)
ANA Holdings, Inc. (Japan) 11,000 22,313
Japan Airlines Co., Ltd. (Japan)(UR) 1,300 68,650

90,963
Automobiles (1.2%)
Daimler AG (Registered Shares) (Germany) 1,333 91,471

91,471
Beverages (0.8%)
Dr. Pepper Snapple Group, Inc. 1,442 64,544

64,544
Capital markets (3.1%)
Ashmore Group PLC (United Kingdom) 16,715 86,439
Blackstone Group LP (The) 3,729 81,441
KKR & Co. LP 3,835 73,287

241,167
Chemicals (2.1%)
BASF SE (Germany) 624 54,538
Dow Chemical Co. (The) 1,413 52,846
Tronox, Ltd. Class A 2,500 53,400

160,784
Commercial banks (3.6%)
Australia & New Zealand Banking Group, Ltd. (Australia) 4,173 109,527
Bank of Nova Scotia (Canada) 1,053 58,483
Commonwealth Bank of Australia (Australia) 852 54,900
HSBC Holdings PLC (United Kingdom) 5,481 57,419

280,329
Commercial services and supplies (0.6%)
Pitney Bowes, Inc. 2,611 42,612

42,612
Communications equipment (0.6%)
Cisco Systems, Inc. 2,100 48,951

48,951
Computers and peripherals (2.0%)
Apple, Inc. 126 61,368
ASUSTeK Computer, Inc. (Taiwan) 6,000 47,572
Hewlett-Packard Co. 2,009 44,881

153,821
Construction and engineering (0.9%)
ACS Actividades de Construccion y Servicios SA (Spain) 2,467 69,465

69,465
Containers and packaging (0.5%)
MeadWestvaco Corp. 1,096 39,292

39,292
Diversified financial services (2.8%)
BM&F Bovespa SA (Brazil) 5,700 27,927
CME Group, Inc. 794 56,461
JPMorgan Chase & Co. 2,660 134,410

218,798
Diversified telecommunication services (7.9%)
BCE, Inc. (Canada) 872 35,756
Bezeq The Israeli Telecommunication Corp., Ltd. (Israel) 37,794 61,602
CenturyLink, Inc. 1,779 58,920
TDC A/S (Denmark) 11,518 94,054
Telstra Corp., Ltd. (Australia) 15,748 68,486
Verizon Communications, Inc. 2,104 99,688
Vivendi (France) 4,236 85,909
Ziggo NV (Netherlands) 2,642 104,771

609,186
Electric utilities (3.1%)
Duke Energy Corp. 357 23,419
Energias de Portugal (EDP) SA (Portugal) 19,282 68,144
FirstEnergy Corp. 2,099 78,650
SSE PLC (United Kingdom) 2,758 66,804

237,017
Electronic equipment, instruments, and components (0.7%)
Hoya Corp. (Japan) 2,500 53,092

53,092
Energy equipment and services (1.3%)
Petrofac, Ltd. (United Kingdom) 1,991 42,734
Seadrill, Ltd. (Norway) 1,235 56,989

99,723
Food and staples retail (1.1%)
Wesfarmers, Ltd. (Australia) 1,597 57,522
WM Morrison Supermarkets PLC (United Kingdom) 6,013 27,042

84,564
Food products (2.8%)
Kraft Foods Group, Inc. 942 48,767
Nestle SA (Switzerland) 2,529 165,936
Pinnacle Foods, Inc. 144 3,902

218,605
Gas utilities (0.6%)
Tokyo Gas Co., Ltd. (Japan) 9,000 46,519

46,519
Health-care equipment and supplies (0.6%)
Baxter International, Inc. 635 44,171

44,171
Hotels, restaurants, and leisure (1.8%)
McDonald's Corp. 477 45,010
OPAP SA (Greece) 9,111 90,312

135,322
Household durables (1.4%)
Nexity (France) 1,273 46,873
Persimmon PLC (United Kingdom) 3,515 59,865

106,738
Independent power producers and energy traders (0.7%)
Electric Power Development Co., Ltd. (Japan) 1,800 55,356

55,356
Industrial conglomerates (1.5%)
General Electric Co. 1,882 43,549
Siemens AG (Germany) 699 73,990

117,539
Insurance (4.5%)
Admiral Group PLC (United Kingdom) 3,025 59,114
Allianz SE (Germany) 620 88,825
SCOR SE (France) 2,040 63,832
Zurich Insurance Group AG (Switzerland) 543 135,159

346,930
Leisure equipment and products (0.5%)
Hasbro, Inc. 791 36,054

36,054
Media (2.4%)
Asian Pay Television Trust (Units) (Taiwan)(NON) 81,681 53,320
Comcast Corp. Class A 1,514 63,724
RTL Group SA (Belgium) 665 64,116

181,160
Metals and mining (1.4%)
BHP Billiton PLC (United Kingdom) 1,937 56,373
Freeport-McMoRan Copper & Gold, Inc. Class B (Indonesia) 1,807 54,608

110,981
Multi-utilities (2.0%)
Ameren Corp. 1,995 67,451
Centrica PLC (United Kingdom) 14,261 85,285

152,736
Multiline retail (1.3%)
Macy's, Inc. 1,289 57,270
Myer Holdings, Ltd. (Australia) 17,064 41,482

98,752
Office electronics (1.1%)
Canon, Inc. (Japan) 1,900 56,932
Neopost SA (France) 441 30,891

87,823
Oil, gas, and consumable fuels (8.0%)
Chevron Corp. 825 99,355
Energy Transfer Equity L.P. 1,200 77,196
ENI SpA (Italy) 4,452 101,675
HollyFrontier Corp. 914 40,655
Origin Energy, Ltd. (Australia) 4,919 57,750
Royal Dutch Shell PLC Class A (United Kingdom) 7,316 236,673

613,304
Pharmaceuticals (11.3%)
AbbVie, Inc. 865 36,858
Astellas Pharma, Inc. (Japan) 600 30,544
AstraZeneca PLC (United Kingdom) 1,435 70,673
Eli Lilly & Co. 2,088 107,323
GlaxoSmithKline PLC (United Kingdom) 5,418 138,161
Johnson & Johnson 932 80,534
Merck & Co., Inc. 1,429 67,577
Pfizer, Inc. 3,277 92,444
Sanofi (France) 1,239 119,032
Takeda Pharmaceutical Co., Ltd. (Japan) 1,200 54,353
Warner Chilcott PLC Class A 2,000 42,900
Zoetis, Inc. 1,070 31,191

871,590
Real estate investment trusts (REITs) (2.1%)
American Tower Corp. Class A 627 43,570
CYS Investments, Inc. 5,200 39,936
Equity Residential Trust 865 44,885
Healthcare Trust of America, Inc. Class A 2,081 21,434
MFA Financial, Inc. 1,400 10,080

159,905
Semiconductors and semiconductor equipment (2.4%)
Intel Corp. 3,508 77,106
Maxim Integrated Products, Inc. 2,300 64,044
Texas Instruments, Inc. 1,159 44,274

185,424
Software (1.5%)
Fidessa Group PLC (United Kingdom) 2,090 69,053
Microsoft Corp. 1,388 46,359

115,412
Tobacco (4.4%)
Altria Group, Inc. 3,944 133,623
British American Tobacco (BAT) PLC (United Kingdom) 2,336 117,834
Philip Morris International, Inc. 1,068 89,114

340,571
Trading companies and distributors (1.4%)
Mitsubishi Corp. (Japan) 2,600 48,513
Rexel SA (France) 2,615 60,136

108,649
Transportation infrastructure (1.1%)
Sydney Airport (Australia) 25,445 85,370

85,370
Wireless telecommunication services (2.8%)
NTT DoCoMo, Inc. (Japan) 37 59,126
Vodafone Group PLC (United Kingdom) 49,467 158,107

217,233

Total common stocks (cost $7,180,130) $7,234,296

SHORT-TERM INVESTMENTS (8.4%)(a)
Shares Value

Putnam Short Term Investment Fund 0.07%(AFF) 649,277 $649,277

Total short-term investments (cost $649,277) $649,277

TOTAL INVESTMENTS

Total investments (cost $7,829,407)(b) $7,883,573














FORWARD CURRENCY CONTRACTS at 8/31/13 (aggregate face value $2,898,974) (Unaudited)


Unrealized
Contract Delivery Aggregate appreciation/
Counterparty Currency type date Value face value (depreciation)

Bank of America N.A.
British Pound Sell 9/18/13 $229,486 $227,003 $(2,483)
Danish Krone Sell 9/18/13 49,898 49,406 (492)
Euro Sell 9/18/13 205,526 203,616 (1,910)
Swedish Krona Buy 9/18/13 105,243 106,132 (889)
Swedish Krona Sell 9/18/13 105,243 108,145 2,902
Citibank, N.A.
Australian Dollar Sell 10/18/13 18,459 19,085 626
British Pound Buy 9/18/13 22,313 22,109 204
Euro Buy 9/18/13 27,095 26,839 256
Euro Sell 9/18/13 27,095 27,169 74
Japanese Yen Buy 11/20/13 21,138 21,030 108
Credit Suisse International
Australian Dollar Sell 10/18/13 65,495 67,714 2,219
British Pound Sell 9/18/13 85,534 85,509 (25)
Canadian Dollar Buy 10/18/13 22,002 22,043 (41)
Canadian Dollar Sell 10/18/13 22,002 22,502 500
Euro Sell 9/18/13 58,023 57,446 (577)
Japanese Yen Buy 11/20/13 25,040 25,176 (136)
Swedish Krona Sell 9/18/13 3,062 2,975 (87)
Swiss Franc Sell 9/18/13 25,904 25,505 (399)
Deutsche Bank AG
Euro Buy 9/18/13 94,899 93,782 1,117
Euro Sell 9/18/13 94,899 95,634 735
HSBC Bank USA, National Association
Canadian Dollar Buy 10/18/13 178,196 178,558 (362)
Euro Sell 9/18/13 69,390 68,344 (1,046)
Hong Kong Dollar Buy 11/20/13 90,898 90,896 2
JPMorgan Chase Bank N.A.
Australian Dollar Sell 10/18/13 141,461 146,241 4,780
British Pound Sell 9/18/13 64,461 62,791 (1,670)
Canadian Dollar Buy 10/18/13 40,590 40,387 203
Singapore Dollar Buy 11/20/13 50,647 50,614 33
Swedish Krona Buy 9/18/13 105,243 108,158 (2,915)
Royal Bank of Scotland PLC (The)
Australian Dollar Sell 10/18/13 57,152 58,508 1,356
State Street Bank and Trust Co.
British Pound Sell 9/18/13 239,248 236,531 (2,717)
Canadian Dollar Buy 10/18/13 54,056 55,282 (1,226)
Canadian Dollar Sell 10/18/13 54,056 54,151 95
Euro Sell 9/18/13 25,509 25,166 (343)
Israeli Shekel Sell 10/18/13 47,142 47,564 422
Japanese Yen Buy 11/20/13 154,348 151,472 2,876
Norwegian Krone Sell 9/18/13 16,381 17,178 797
WestPac Banking Corp.
British Pound Sell 9/18/13 81,815 80,807 (1,008)
Euro Buy 9/18/13 42,030 41,917 113
Euro Sell 9/18/13 42,030 41,639 (391)
Japanese Yen Buy 11/20/13 34,353 33,950 403

Total $1,104













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 March 18, 2013 (commencement of operations) through August 31, 2013 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codification 820 Fair Value Measurements and Disclosures, references to “Putnam Management” represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC and references to “OTC”, if any, represent over-the-counter.
(a) Percentages indicated are based on net assets of $7,705,264.
(b) The aggregate identified cost on a tax basis is $7,829,407, resulting in gross unrealized appreciation and depreciation of $305,420 and $251,254, respectively, or net unrealized appreciation of $54,166.
(NON) Non-income-producing security.
(UR) At the reporting period end, 300 shares owned by the fund were not formally entered on the company's shareholder register, due to local restrictions on foreign ownership. While the fund has full title to these unregistered shares, these shares do not carry voting rights and, until 2014, are not eligible for receipt of dividends.
(AFF) Affiliated company. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with Putnam Short Term Investment Fund, which is under common ownership and control, were as follows:
Name of affiliate Market value at the beginning of the reporting period Purchase cost Sale proceeds Investment income Market value at the end of the reporting period

Putnam Short Term Investment Fund * $— $6,780,881 $6,131,604 $132 $649,277
* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management.
At the close of the reporting period, the fund maintained liquid assets totaling $5,584 to cover certain derivatives contracts.
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 44.4%
United Kingdom 17.4
Japan 6.3
Australia 6.0
France 5.2
Germany 3.9
Switzerland 3.8
Netherlands 1.3
Italy 1.3
Taiwan 1.3
Belgium 1.3
Canada 1.2
Denmark 1.2
Greece 1.1
Spain 0.9
Portugal 0.9
Israel 0.8
Norway 0.7
Indonesia 0.7
Brazil 0.3

Total 100.0%
⌂ Methodology differs from that used for purposes of complying with the fund’s policy regarding investments in securities of foreign issuers, as discussed further in the fund’s prospectus.
Security valuation: Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security.
Investments in open-end investment companies (excluding exchange traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares.
Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. These securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. 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 in accordance with policies and procedures approved by the Trustees. 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. 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.
Forward currency contracts: The fund buys and sells forward currency contracts, which are agreements between two parties to buy and sell currencies at a set price on a future date. These contracts were used to hedge foreign exchange risk.
The U.S. dollar value of forward currency contracts is determined using current forward currency exchange rates supplied by a quotation service. The market value of the contract will fluctuate with changes in currency exchange rates. The contract is marked to market daily and the change in market value is recorded as an unrealized gain or loss. The fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed when the contract matures or by delivery of the currency. The fund could be exposed to risk if the value of the currency changes unfavorably, if the counterparties to the contracts are unable to meet the terms of their contracts or if the fund is unable to enter into a closing position.
For the fund's average contract amount on forward currency contracts, see the appropriate table at the end of these footnotes.
Master agreements: The fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements (Master Agreements) with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the fund is held in a segregated account by the fund’s custodian and with respect to those amounts which can be sold or repledged, are presented in the fund’s portfolio.
Collateral pledged by the fund is segregated by the fund’s custodian and identified in the fund’s portfolio. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the fund and the applicable counterparty. Collateral requirements are determined based on the fund’s net position with each counterparty.
Termination events applicable to the fund may occur upon a decline in the fund’s net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the fund’s counterparties to elect early termination could impact the fund's future derivative activity.
At the close of the reporting period, the fund had a net liability position of $5,257 on open derivative contracts subject to the Master Agreements. There was no collateral posted by the fund for these agreements.













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
Common stocks *:
    Consumer discretionary $554,695 $94,802 $—
    Consumer staples 650,762 57,522
    Energy 655,277 57,750
    Financials 1,082,702 164,427
    Health care 830,864 84,897
    Industrials 502,125 224,846
    Information technology 543,859 100,664
    Materials 311,057
    Telecommunication services 698,807 127,612
    Utilities 389,753 101,875
Total common stocks 6,219,901 1,014,395
Short-term investments 649,277



Totals by level $6,869,178 $1,014,395 $—



Valuation inputs

Other financial instruments: Level 1 Level 2 Level 3
Forward currency contracts $— $1,104 $—



Totals by level $— $1,104 $—


* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation.
Market Values of Derivative Instruments as of the close of the reporting period
Asset derivatives Liability derivatives

Derivatives not accounted for as hedging instruments under ASC 815 Market value Market value
Foreign exchange contracts $19,821 $18,717


Total $19,821 $18,717


The average volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was as follows:
Forward currency contracts (contract amount) $2,600,000


    The following table summarizes any derivatives, repurchase agreements, reverse repurchase agreements, securities lending and borrowing transactions, at the end of the reporting period, that are subject to an enforceable master netting agreement or similar agreement.
       Bank of America N.A.   Citibank, N.A.   Credit Suisse International   Deutsche Bank AG   HSBC Bank USA, National Association   JPMorgan Chase Bank N.A.   Royal Bank of Scotland PLC (The)   State Street Bank and Trust Co.   WestPac Banking Corp.   Total
                                         
     Assets:                                             
     Forward currency contracts#  $2,902   $1,268   $2,719   $1,852   $2   $5,016   $1,356   $4,190   $516   $19,821
                                                   
     Total Assets  $2,902   $1,268   $2,719   $1,852   $2   $5,016   $1,356   $4,190   $516   $19,821
                                                   
     Liabilities:                                             
     Forward currency contracts#  $5,774   $   $1,265   $   $1,408   $4,585   $   $4,286   $1,399   $18,717
                                                   
     Total Liabilities  $5,774   $   $1,265   $   $1,408   $4,585   $   $4,286   $1,399   $18,717
                                                   
     Total Financial and Derivative Net Assets  $(2,872)  $1,268   $1,454   $1,852   $(1,406)  $431   $1,356   $(96)  $(883)  $1,104
     Total collateral received (pledged)##  $   $   $   $   $   $   $   $   $   $     —
     Net amount  $(2,872)  $1,268   $1,454   $1,852   $(1,406)  $431   $1,356   $(96)  $(883)  $1,104
                                                   
 #   Covered by master netting agreement.
                                                   
 ##   Any over-collateralization of total financial and derivative net assets is not shown. 

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: October 29, 2013

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: October 29, 2013

By (Signature and Title):
/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: October 29, 2013

EX-99.CERT 2 b_NE9certifications.htm EX-99.CERT b_NE9certifications.htm

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: October 29, 2013
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: October 29, 2013
Steven D. Krichmar
Principal Financial Officer















Attachment A

Period (s) ended August 31, 2013
               Putnam Arizona Tax Exempt Income Fund
               Putnam Minnesota Tax Exempt Income Fund
               Putnam Massachusetts Tax Exempt Income Fund
               Putnam New York Tax Exempt Income Fund
               Putnam High Yield Advantage Fund
               Putnam Equity Income Fund
               Putnam Pennsylvania Tax Exempt Income Fund
               Putnam Ohio Tax Exempt Income Fund
               Putnam New Jersey Tax Exempt Income Fund
               Putnam Michigan Tax Exempt Income Fund
               Putnam Dynamic Asset Allocation Equity Fund
               Putnam Dynamic Risk Allocation Fund
               Putnam Short Term Municipal Income Fund
               Putnam Intermediate Term Municipal Income Fund
               Putnam Emerging Markets Income Fund
               Putnam Global Dividend Fund