| 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: | Bryan Chegwidden, Esq. Ropes & Gray LLP 1211 Avenue of the Americas New York, New York 10036 |
| Registrant’s telephone number, including area code: | (617) 292-1000 |
| Date of fiscal year end: | July 31, 2015 |
| Date of reporting period: | April 30, 2015 |
Item 1. Schedule of Investments: |
| Putnam Short Duration Income Fund | ||||||
| The fund's portfolio | ||||||
| 4/30/15 (Unaudited) | ||||||
| CORPORATE BONDS AND NOTES (75.1%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Banking (42.7%) | ||||||
| Abbey National Treasury Services PLC/Stamford, CT company guaranty sr. unsec. unsub. FRN (United Kingdom) | 0.780 | 3/13/17 | $7,000,000 | $7,004,802 | ||
| Abbey National Treasury Services PLC/Stamford, CT company guaranty sr. unsec. unsub. FRN (United Kingdom) | 0.683 | 9/29/17 | 8,565,000 | 8,535,913 | ||
| ABN Amro Bank NV 144A sr. unsec. FRN (Netherlands) | 1.079 | 10/28/16 | 18,618,000 | 18,721,062 | ||
| ABN Amro Bank NV 144A sr. unsec. notes (Netherlands) | 1.375 | 1/22/16 | 2,000,000 | 2,007,340 | ||
| American Express Bank FSB sr. unsec. FRN Ser. BKNT | 0.480 | 6/12/17 | 12,340,000 | 12,320,515 | ||
| Australia & New Zealand Banking Group, Ltd. 144A sr. unsec. FRN (Australia) | 0.651 | 1/10/17 | 13,000,000 | 13,016,484 | ||
| Australia & New Zealand Banking Group, Ltd. 144A unsec. sr. FRN (Australia) | 0.716 | 1/16/18 | 10,000,000 | 10,005,360 | ||
| Bank of America Corp. sr. unsec. FRN Ser. MTN | 0.872 | 8/25/17 | 6,112,000 | 6,127,176 | ||
| Bank of America Corp. unsec. sub. FRN | 0.588 | 8/15/16 | 3,673,000 | 3,655,759 | ||
| Bank of America, NA unsec. sub. FRN Ser. BKNT | 0.571 | 6/15/17 | 10,000,000 | 9,937,260 | ||
| Bank of Montreal sr. unsec. unsub. FRN (Canada) | 0.631 | 4/10/18 | 3,000,000 | 3,002,568 | ||
| Bank of New York Mellon Corp. (The) sr. unsec. FRN Ser. 1 | 0.704 | 3/6/18 | 4,062,000 | 4,063,145 | ||
| Bank of Nova Scotia sr. unsec. unsub. FRN (Canada) | 0.586 | 4/11/17 | 10,000,000 | 9,986,290 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 144A sr. unsec. FRN (Japan) | 0.874 | 9/9/16 | 4,300,000 | 4,302,275 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 144A sr. unsec. FRN (Japan) | 0.675 | 3/10/17 | 4,000,000 | 3,989,532 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 144A sr. unsec. unsub. FRN (Japan) | 0.815 | 3/5/18 | 5,000,000 | 5,001,355 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) 144A unsec. FRN (Japan) | 0.574 | 9/8/17 | 5,000,000 | 4,977,540 | ||
| Banque Federative du Credit Mutuel SA 144A sr. unsec. unsub. FRN (France) | 1.129 | 10/28/16 | 4,570,000 | 4,601,213 | ||
| Banque Federative du Credit Mutuel SA 144A sr. unsec. unsub. FRN (France) | 1.125 | 1/20/17 | 17,850,000 | 17,942,195 | ||
| Barclays Bank PLC sr. unsec. unsub. FRN (United Kingdom) | 0.837 | 2/17/17 | 15,100,000 | 15,121,638 | ||
| Barclays Bank PLC sr. unsec. unsub. FRN Ser. MTN (United Kingdom) | 0.804 | 12/9/16 | 9,385,000 | 9,403,986 | ||
| BB&T Corp. unsec. sub. notes | 5.200 | 12/23/15 | 2,315,000 | 2,380,012 | ||
| BNP Paribas SA company guaranty sr. unsec. unsub. FRN Ser. MTN (France) | 0.751 | 3/17/17 | 4,000,000 | 3,995,728 | ||
| BNP Paribas SA company guaranty sr. unsec. unsub. FRN Ser. MTN (France) | 0.716 | 5/7/17 | 2,000,000 | 2,002,330 | ||
| BNP Paribas SA 144A company guaranty unsec. sub. notes (France) | 4.800 | 6/24/15 | 13,865,000 | 13,947,053 | ||
| BPCE SA company guaranty sr. unsec. FRN Ser. MTN (France) | 1.126 | 2/10/17 | 10,175,000 | 10,244,383 | ||
| BPCE SA company guaranty sr. unsec. unsub. FRB Ser. MTN (France) | 0.875 | 6/23/17 | 13,000,000 | 13,018,382 | ||
| Branch Banking & Trust Co. sr. unsec. FRN | 0.692 | 12/1/16 | 2,000,000 | 2,002,444 | ||
| Branch Banking & Trust Co. unsec. sub. FRN | 0.590 | 9/13/16 | 15,795,000 | 15,740,223 | ||
| Branch Banking & Trust Co. unsec. sub. FRN Ser. BKNT | 0.562 | 5/23/17 | 3,000,000 | 2,987,982 | ||
| Canadian Imperial Bank of Commerce sr. unsec. unsub. FRN Ser. EMTN (Canada) | 0.437 | 2/21/17 | 6,200,000 | 6,184,252 | ||
| Canadian Imperial Bank of Commerce/Canada sr. unsec. unsub. FRN (Canada) | 0.795 | 7/18/16 | 3,000,000 | 3,010,203 | ||
| Capital One Financial Corp. sr. unsec. unsub. FRN | 0.895 | 11/6/15 | 8,688,000 | 8,702,830 | ||
| Capital One NA/Mclean VA sr. unsec. FRN Ser. BKNT | 0.715 | 3/22/16 | 7,000,000 | 7,005,481 | ||
| Capital One, NA sr. unsec. FRN Ser. BKNT | 0.935 | 2/5/18 | 9,000,000 | 9,019,539 | ||
| Citigroup, Inc. sr. unsec. sub. FRN | 0.534 | 6/9/16 | 19,859,000 | 19,768,364 | ||
| Citigroup, Inc. unsec. sr. FRN | 0.963 | 11/24/17 | 5,145,000 | 5,152,640 | ||
| Comerica, Inc. sr. unsec. unsub. notes | 3.000 | 9/16/15 | 2,000,000 | 2,014,560 | ||
| Commonwealth Bank of Australia 144A sr. unsec. FRN (Australia) | 0.534 | 9/8/17 | 7,000,000 | 6,996,437 | ||
| Commonwealth Bank of Australia 144A sr. unsec. unsub. FRN (Australia) | 0.668 | 3/12/18 | 10,000,000 | 9,996,990 | ||
| Commonwealth Bank of Australia 144A sr. unsec. unsub. FRN (Australia) | 0.630 | 3/13/17 | 5,000,000 | 5,002,755 | ||
| Commonwealth Bank of Australia/New York, NY sr. unsec. notes | 1.250 | 9/18/15 | 480,000 | 481,426 | ||
| Credit Agricole SA 144A sr. unsec. FRN (France) | 1.121 | 10/3/16 | 8,000,000 | 8,040,976 | ||
| Credit Agricole SA/London 144A sr. unsec. FRN (United Kingdom) | 1.435 | 4/15/16 | 12,265,000 | 12,357,355 | ||
| Credit Suisse/New York, NY sr. unsec. FRN | 0.969 | 1/29/18 | 4,000,000 | 4,004,384 | ||
| Credit Suisse/New York, NY sr. unsec. FRN | 0.959 | 4/27/18 | 10,000,000 | 9,994,180 | ||
| Credit Suisse/New York, NY sr. unsec. FRN Ser. GMTN | 0.751 | 5/26/17 | 10,860,000 | 10,853,017 | ||
| Danske Bank A/S 144A sr. unsec. unsub. notes (Denmark) | 3.875 | 4/14/16 | 15,285,000 | 15,695,402 | ||
| DNB Boligkreditt AS 144A sr. unsub. bonds (Norway) | 2.100 | 10/14/15 | 2,500,000 | 2,517,268 | ||
| Fifth Third Bancorp unsec. sub. FRB | 0.690 | 12/20/16 | 14,685,000 | 14,601,384 | ||
| Fifth Third Bank/Cincinnati, OH sr. unsec. FRN | 0.671 | 2/26/16 | 9,700,000 | 9,708,672 | ||
| HBOS PLC unsec. sub. FRN Ser. EMTN (United Kingdom) | 0.973 | 9/30/16 | 15,035,000 | 15,012,448 | ||
| HBOS PLC unsec. sub. FRN Ser. EMTN (United Kingdom) | 0.964 | 9/6/17 | 8,830,000 | 8,783,717 | ||
| HSBC Finance Corp. sr. unsec. unsub. FRN | 0.692 | 6/1/16 | 16,276,000 | 16,255,281 | ||
| ING Bank NV 144A sr. unsec. notes (Netherlands) | 3.000 | 9/1/15 | 4,000,000 | 4,028,360 | ||
| ING Bank NV 144A unsec. FRN (Netherlands) | 0.821 | 3/16/18 | 2,000,000 | 2,000,000 | ||
| ING Bank NV 144A unsec. sub. notes (Netherlands) | 5.125 | 5/1/15 | 17,797,000 | 17,797,000 | ||
| Intesa Sanpaolo SpA 144A sr. unsec. notes (Italy) | 3.625 | 8/12/15 | 13,600,000 | 13,691,120 | ||
| JPMorgan Chase & Co. sr. unsec. FRN Ser. MTN | 0.772 | 3/1/18 | 5,000,000 | 4,998,520 | ||
| JPMorgan Chase Bank, NA unsec. sub. FRN | 0.600 | 6/13/16 | 21,811,000 | 21,767,814 | ||
| KeyBank NA/Cleveland, OH sr. unsec. FRN | 0.752 | 11/25/16 | 3,000,000 | 3,004,218 | ||
| KeyBank NA/Cleveland, OH unsec. sub. notes Ser. BKNT | 4.950 | 9/15/15 | 2,206,000 | 2,238,995 | ||
| KeyBank NA/Cleveland, OH unsec. sub. notes Ser. MTN | 5.450 | 3/3/16 | 5,230,000 | 5,424,687 | ||
| KeyCorp sr. unsec. unsub. notes Ser. MTN | 3.750 | 8/13/15 | 9,960,000 | 10,041,562 | ||
| M&I Marshall & Ilsley Bank unsec. sub. notes | 4.850 | 6/16/15 | 1,800,000 | 1,807,747 | ||
| Manufacturers & Traders Trust Co. sr. unsec. FRB | 0.653 | 1/30/17 | 5,000,000 | 4,999,555 | ||
| Manufacturers & Traders Trust Co. sr. unsec. FRN Ser. BKNT | 0.577 | 7/25/17 | 6,000,000 | 5,979,540 | ||
| Manufacturers & Traders Trust Co. sr. unsec. FRN Ser. BKNT | 0.564 | 3/7/16 | 10,500,000 | 10,499,843 | ||
| Merrill Lynch & Co., Inc. unsec. sub. FRN | 0.805 | 5/2/17 | 5,167,000 | 5,134,918 | ||
| Mizuho Bank, Ltd. 144A company guaranty sr. unsec. FRN (Japan) | 0.706 | 4/16/17 | 11,000,000 | 10,974,018 | ||
| Mizuho Bank, Ltd. 144A company guaranty sr. unsec. unsub. FRN (Japan) | 0.909 | 3/26/18 | 9,000,000 | 8,999,865 | ||
| Mizuho Bank, Ltd. 144A company guaranty sr. unsec. unsub. FRN (Japan) | 0.717 | 9/25/17 | 3,000,000 | 2,989,149 | ||
| National Australia Bank, Ltd. 144A sr. unsec. FRB (Australia) | 0.692 | 12/2/16 | 4,000,000 | 4,009,352 | ||
| National Australia Bank, Ltd. 144A sr. unsec. FRN (Australia) | 0.641 | 3/17/17 | 5,000,000 | 5,002,770 | ||
| National Australia Bank, Ltd./New York sr. unsec. FRN (Australia) | 0.827 | 7/25/16 | 7,600,000 | 7,640,424 | ||
| National City Bank/Cleveland, OH unsec. sub. FRN Ser. BKNT | 0.634 | 6/7/17 | 8,415,000 | 8,375,155 | ||
| National City Bank/Cleveland, OH unsec. sub. FRN Ser. BKNT | 0.621 | 12/15/16 | 4,250,000 | 4,235,134 | ||
| Nationwide Building Society 144A unsec. sub. notes (United Kingdom) | 5.000 | 8/1/15 | 15,950,000 | 16,106,836 | ||
| Nordea Bank AB 144A sr. unsec. unsub. FRN (Sweden) | 0.631 | 4/4/17 | 7,000,000 | 7,002,562 | ||
| PNC Funding Corp. company guaranty unsec. sub. notes | 5.250 | 11/15/15 | 4,204,000 | 4,303,937 | ||
| Regions Financial Corp. sr. unsec. unsub. notes | 5.750 | 6/15/15 | 6,362,000 | 6,398,238 | ||
| Royal Bank of Canada sr. unsec. FRN (Canada) | 0.607 | 1/23/17 | 2,000,000 | 2,001,036 | ||
| Royal Bank of Canada sr. unsec. unsub. FRN Ser. GMTN (Canada) | 0.724 | 9/9/16 | 12,340,000 | 12,381,092 | ||
| Royal Bank of Scotland Group PLC sr. unsec. unsub. FRN (United Kingdom) | 1.213 | 3/31/17 | 11,000,000 | 10,997,822 | ||
| Royal Bank of Scotland Group PLC sr. unsec. unsub. notes (United Kingdom) | 2.550 | 9/18/15 | 9,004,000 | 9,056,403 | ||
| Santander Bank, NA unsec. sr. FRN | 1.206 | 1/12/18 | 5,000,000 | 4,998,415 | ||
| Santander US Debt SAU company guaranty sr. unsec. unsub. notes Ser. REGS (Spain) | 3.781 | 10/7/15 | 1,000,000 | 1,011,892 | ||
| Santander US Debt SAU 144A company guaranty sr. unsec. unsub. notes (Spain) | 3.781 | 10/7/15 | 2,250,000 | 2,276,757 | ||
| Societe Generale SA 144A unsec. sub. notes (France) | 5.750 | 4/20/16 | 500,000 | 519,409 | ||
| Societe Generale SA 144A sr. unsec. notes (France) | 3.100 | 9/14/15 | 21,246,000 | 21,421,492 | ||
| Sumitomo Mitsui Banking Corp. company guaranty sr. unsec. FRN (Japan) | 0.701 | 1/10/17 | 6,000,000 | 5,994,816 | ||
| Sumitomo Mitsui Banking Corp. company guaranty sr. unsec. unsub. FRN Ser. GMTN (Japan) | 0.596 | 7/11/17 | 5,000,000 | 4,982,255 | ||
| Sumitomo Mitsui Banking Corp. company guaranty sr. unsec. unsub. notes (Japan) | 1.350 | 7/18/15 | 1,450,000 | 1,452,491 | ||
| Sumitomo Mitsui Banking Corp. company guaranty unsec. sr. FRN (Japan) | 0.856 | 1/16/18 | 6,000,000 | 6,014,748 | ||
| Sumitomo Mitsui Banking Corp. 144A sr. unsec. unsub. bonds (Japan) | 3.150 | 7/22/15 | 2,290,000 | 2,302,845 | ||
| Sun Trust Bank/Atlanta, GA unsec. sub. FRN | 0.553 | 8/24/15 | 8,920,000 | 8,915,656 | ||
| Suncorp-Metway, Ltd. 144A sr. unsec. FRN (Australia) | 0.973 | 3/28/17 | 15,250,000 | 15,268,971 | ||
| SunTrust Bank/Atlanta, GA sr. unsec. FRN Ser. BKNT | 0.697 | 2/15/17 | 10,000,000 | 9,987,360 | ||
| SunTrust Bank/Atlanta, GA unsec. sub. notes Ser. BKNT | 5.000 | 9/1/15 | 4,366,000 | 4,425,814 | ||
| Svenska Handelsbanken AB sr. unsec. FRN (Sweden) | 0.735 | 9/23/16 | 5,665,000 | 5,679,180 | ||
| Toronto-Dominion Bank (The) sr. unsec. FRB Ser. MTN (Canada) | 0.724 | 9/9/16 | 8,000,000 | 8,017,328 | ||
| Toronto-Dominion Bank (The) sr. unsec. FRN (Canada) | 0.495 | 5/2/17 | 6,000,000 | 5,998,812 | ||
| Toronto-Dominion Bank (The) sr. unsec. unsub. FRN Ser. MTN (Canada) | 0.570 | 3/13/18 | 10,000,000 | 9,994,250 | ||
| U.S. Bank, NA/Cincinnati, OH sr. unsec. FRN Ser. BKNT | 0.508 | 1/30/17 | 7,000,000 | 7,001,218 | ||
| U.S. Bank, NA/Cincinnati, OH sr. unsec. FRN Ser. BKNT | 0.467 | 9/11/17 | 10,000,000 | 9,985,640 | ||
| U.S. Bank, NA/Cincinnati, OH sr. unsec. FRN Ser. BKNT | 0.396 | 4/22/16 | 5,000,000 | 5,001,185 | ||
| UBS AG/Stamford, CT unsec. sub. notes | 7.375 | 7/15/15 | 16,443,000 | 16,650,527 | ||
| UBS AG/Stamford, CT unsec. sub.notes | 7.000 | 10/15/15 | 6,790,000 | 6,976,161 | ||
| Wachovia Corp. unsec. sub. FRN | 0.645 | 10/15/16 | 7,218,000 | 7,202,813 | ||
| Wachovia Corp. unsec. sub. FRN | 0.618 | 10/28/15 | 8,544,000 | 8,545,598 | ||
| Wells Fargo & Co. sr. unsec. unsub. FRN | 0.907 | 4/23/18 | 3,000,000 | 3,024,126 | ||
| Wells Fargo Bank, NA unsec. sub. FRN | 0.467 | 5/16/16 | 6,352,000 | 6,339,575 | ||
| Westpac Banking Corp. sr. unsec. unsub. FRN (Australia) | 0.632 | 12/1/17 | 17,000,000 | 17,008,585 | ||
| Westpac Banking Corp. sr. unsec. unsub. FRN (Australia) | 0.587 | 5/19/17 | 6,000,000 | 6,001,086 | ||
| 898,088,183 | ||||||
| Basic materials (1.0%) | ||||||
| Glencore Funding, LLC 144A company guaranty sr. unsec. unsub. FRN | 1.421 | 5/27/16 | 16,250,000 | 16,301,155 | ||
| Glencore Funding, LLC 144A company guaranty sr. unsec. unsub. FRN | 1.336 | 4/16/18 | 4,000,000 | 3,997,704 | ||
| 20,298,859 | ||||||
| Capital goods (0.8%) | ||||||
| John Deere Capital Corp. sr. unsec. FRN Ser. MTN | 0.491 | 12/15/17 | 10,000,000 | 10,031,560 | ||
| John Deere Capital Corp. unsec. sr. FRN Ser. MTN | 0.566 | 1/16/18 | 6,000,000 | 6,006,090 | ||
| 16,037,650 | ||||||
| Communication services (1.3%) | ||||||
| AT&T, Inc. sr. unsec. unsub. FRN | 0.643 | 2/12/16 | 9,255,000 | 9,255,324 | ||
| British Telecommunications PLC sr. unsec. unsub. notes (United Kingdom) | 2.000 | 6/22/15 | 1,550,000 | 1,552,900 | ||
| Verizon Communications, Inc. sr. unsec. unsub. FRN | 1.801 | 9/15/16 | 6,500,000 | 6,601,179 | ||
| Verizon Communications, Inc. sr. unsec. unsub. FRN | 0.664 | 6/9/17 | 10,000,000 | 9,989,130 | ||
| 27,398,533 | ||||||
| Conglomerates (0.1%) | ||||||
| General Electric Co. sr. unsec. notes | 0.850 | 10/9/15 | 1,000,000 | 1,002,210 | ||
| 1,002,210 | ||||||
| Consumer cyclicals (4.9%) | ||||||
| Clorox Co. (The) sr. unsec. notes | 3.550 | 11/1/15 | 1,000,000 | 1,014,471 | ||
| Daimler Finance North America, LLC 144A company guaranty sr. unsec. FRN | 0.615 | 3/10/17 | 10,000,000 | 10,009,170 | ||
| Daimler Finance North America, LLC 144A company guaranty sr. unsec. FRN | 0.595 | 8/1/17 | 5,000,000 | 4,991,120 | ||
| Ford Motor Credit Co., LLC sr. unsec. FRN | 0.784 | 9/8/17 | 5,500,000 | 5,466,346 | ||
| Ford Motor Credit Co., LLC sr. unsec. unsub. FRN | 0.834 | 12/6/17 | 15,000,000 | 14,906,640 | ||
| General Motors Financial Co., Inc. company guaranty sr. unsec. notes | 2.750 | 5/15/16 | 3,892,000 | 3,941,137 | ||
| Hutchison Whampoa International 14, Ltd. 144A company guaranty sr. unsec. unsub. bonds (Hong Kong) | 1.625 | 10/31/17 | 2,500,000 | 2,485,130 | ||
| Hyundai Capital Services, Inc. 144A sr. unsec. unsub. FRN (South Korea) | 1.070 | 3/18/17 | 3,000,000 | 3,003,711 | ||
| Hyundai Capital Services, Inc. 144A sr. unsec. unsub. notes (South Korea) | 4.375 | 7/27/16 | 3,075,000 | 3,190,562 | ||
| Macy's Retail Holdings, Inc. company guaranty sr. unsec. notes | 7.500 | 6/1/15 | 3,955,000 | 3,974,565 | ||
| Nissan Motor Acceptance Corp. 144A sr. unsec. FRN | 0.812 | 3/3/17 | 7,000,000 | 7,026,999 | ||
| Nissan Motor Acceptance Corp. 144A unsec. FRN | 0.969 | 9/26/16 | 9,350,000 | 9,406,568 | ||
| Toyota Motor Credit Corp. sr. unsec. FRN Ser. MTN | 0.457 | 5/16/17 | 10,000,000 | 9,989,730 | ||
| Toyota Motor Credit Corp. sr. unsec. unsub. notes | 0.875 | 7/17/15 | 1,000,000 | 1,001,239 | ||
| Toyota Motor Credit Corp. sr. unsec. unsub. notes Ser. MTN | 3.200 | 6/17/15 | 214,000 | 214,786 | ||
| Toyota Motor Credit Corp. unsec. sr. FRN | 0.596 | 1/12/18 | 7,000,000 | 7,007,091 | ||
| Volkswagen Group of America Finance, LLC 144A company guaranty sr. unsec. unsub. FRN | 0.632 | 5/23/17 | 10,000,000 | 9,999,710 | ||
| Volkswagen International Finance NV 144A company guaranty sr. unsec. FRN (Germany) | 0.696 | 11/18/16 | 6,000,000 | 6,013,020 | ||
| 103,641,995 | ||||||
| Consumer finance (1.3%) | ||||||
| American Express Co. sr. unsec. unsub. FRN | 0.852 | 5/22/18 | 5,250,000 | 5,257,849 | ||
| American Express Credit Corp. sr. unsec. notes Ser. MTN | 5.300 | 12/2/15 | 2,355,000 | 2,417,485 | ||
| American Express Credit Corp. sr. unsec. unsub. FRN | 0.565 | 9/22/17 | 5,350,000 | 5,337,069 | ||
| American Honda Finance Corp. unsec. sr. FRN Ser. MTN | 0.577 | 12/11/17 | 15,000,000 | 15,030,255 | ||
| Capital One Bank USA NA sr. unsec. FRN | 0.758 | 2/13/17 | 250,000 | 249,822 | ||
| 28,292,480 | ||||||
| Consumer staples (3.7%) | ||||||
| Anheuser-Busch InBev Finance, Inc. company guaranty sr. unsec. notes | 0.800 | 1/15/16 | 1,000,000 | 1,002,453 | ||
| Anheuser-Busch InBev Finance, Inc. company guaranty sr. unsec. unsub. FRN | 0.467 | 1/27/17 | 4,465,000 | 4,456,177 | ||
| ERAC USA Finance, LLC 144A company guaranty sr. unsec. | 1.400 | 4/15/16 | 3,181,000 | 3,191,968 | ||
| ERAC USA Finance, LLC 144A company guaranty sr. unsec. notes | 5.900 | 11/15/15 | 3,465,000 | 3,555,454 | ||
| ERAC USA Finance, LLC 144A company guaranty sr. unsec. notes | 5.600 | 5/1/15 | 6,033,000 | 6,033,000 | ||
| FBG Finance Pty, Ltd. 144A company guaranty sr. unsec. notes (Australia) | 5.125 | 6/15/15 | 1,000,000 | 1,005,155 | ||
| General Mills, Inc. sr. unsec. FRN | 0.479 | 1/28/16 | 5,000,000 | 5,000,000 | ||
| Kellogg Co. sr. unsec. unsub. notes | 1.125 | 5/15/15 | 5,000,000 | 5,000,195 | ||
| Kraft Foods Group, Inc. sr. unsec. notes | 1.625 | 6/4/15 | 2,467,000 | 2,469,117 | ||
| Kroger Co. (The) company guaranty sr. unsec. notes | 3.900 | 10/1/15 | 5,429,000 | 5,491,455 | ||
| Kroger Co. (The) sr. unsec. FRN | 0.804 | 10/17/16 | 18,387,000 | 18,443,485 | ||
| Mondelez International, Inc. sr. unsec. unsub. notes | 4.125 | 2/9/16 | 5,984,000 | 6,135,539 | ||
| Walgreens Boots Alliance, Inc. sr. unsec. unsub. FRN | 0.706 | 5/18/16 | 15,585,000 | 15,612,663 | ||
| 77,396,661 | ||||||
| Energy (0.9%) | ||||||
| BP Capital Markets PLC company guaranty sr. unsec. unsub. FRN (United Kingdom) | 0.626 | 2/10/17 | 10,000,000 | 9,998,180 | ||
| Devon Energy Corp. sr. unsec. unsub. FRN | 0.811 | 12/15/16 | 4,780,000 | 4,725,890 | ||
| Devon Energy Corp. sr. unsec. unsub. FRN | 0.721 | 12/15/15 | 4,000,000 | 3,998,472 | ||
| 18,722,542 | ||||||
| Financial (3.8%) | ||||||
| Berkshire Hathaway Finance Corp. company guaranty sr. unsec. unsub. FRN | 0.576 | 1/12/18 | 10,000,000 | 10,026,130 | ||
| General Electric Capital Corp. company guaranty sr. unsec. FRN Ser. MTN | 0.526 | 8/7/18 | 3,457,000 | 3,409,459 | ||
| General Electric Capital Corp. sr. unsec. FRN Ser. EMTN | 0.470 | 6/20/16 | 7,000,000 | 7,003,805 | ||
| General Electric Capital Corp. sr. unsec. FRN Ser. GMTN | 0.926 | 7/12/16 | 3,930,000 | 3,958,335 | ||
| General Electric Capital Corp. sr. unsec. unsub. FRN Ser. GMTN | 0.537 | 5/15/17 | 11,500,000 | 11,529,981 | ||
| Goldman Sachs Group, Inc. (The) sr. unsec. unsub. FRN Ser. MTN | 0.886 | 6/4/17 | 10,200,000 | 10,185,965 | ||
| Goldman Sachs Group, Inc. (The) sr. unsec. unsub. notes Ser. GMTN | 3.700 | 8/1/15 | 1,578,000 | 1,589,881 | ||
| Goldman Sachs Group, Inc. (The) unsec. sr. FRN Ser. MTN | 1.071 | 12/15/17 | 6,000,000 | 6,024,474 | ||
| Morgan Stanley sr. unsec. unsub. FRN Ser. MTN | 0.725 | 10/18/16 | 13,000,000 | 12,990,666 | ||
| Morgan Stanley sr. unsec. unsub. notes | 5.375 | 10/15/15 | 10,268,000 | 10,481,051 | ||
| Royal Bank of Scotland PLC (The) company guaranty sr. unsec. unsub. notes (United Kingdom) | 3.950 | 9/21/15 | 3,150,000 | 3,187,091 | ||
| 80,386,838 | ||||||
| Health care (2.2%) | ||||||
| AbbVie, Inc. sr. unsec. unsub. FRN | 1.015 | 11/6/15 | 3,624,000 | 3,633,455 | ||
| AbbVie, Inc. sr. unsec. unsub. notes | 1.200 | 11/6/15 | 1,795,000 | 1,799,559 | ||
| Actavis Funding SCS company guaranty sr. unsec. unsub. FRN (Luxembourg) | 1.143 | 9/1/16 | 5,000,000 | 5,013,330 | ||
| Amgen, Inc. sr. unsec. FRN | 0.642 | 5/22/17 | 15,000,000 | 14,999,655 | ||
| Bayer US Finance, LLC 144A company guaranty sr. unsec. unsub. FRN | 0.551 | 10/6/17 | 10,000,000 | 10,003,960 | ||
| McKesson Corp. sr. unsec. unsub. FRN | 0.665 | 9/10/15 | 6,000,000 | 6,002,682 | ||
| Merck & Co., Inc. sr. unsec. unsub. FRN | 0.616 | 5/18/18 | 4,303,000 | 4,322,424 | ||
| 45,775,065 | ||||||
| Insurance (2.9%) | ||||||
| Aflac, Inc. sr. unsec. notes | 3.450 | 8/15/15 | 7,790,000 | 7,852,663 | ||
| American International Group, Inc. unsec. sub. notes | 2.375 | 8/24/15 | 24,811,000 | 24,927,810 | ||
| Mass Mutual Global Funding II 144A sr. unsub. notes | 2.300 | 9/28/15 | 500,000 | 503,573 | ||
| Metropolitan Life Global Funding I 144A FRB | 0.805 | 7/15/16 | 3,560,000 | 3,574,617 | ||
| Metropolitan Life Global Funding I 144A FRN | 0.651 | 4/10/17 | 10,000,000 | 10,025,200 | ||
| New York Life Global Funding 144A FRN | 0.551 | 12/15/17 | 10,000,000 | 10,020,980 | ||
| Prudential Covered Trust 2012-1 144A company guaranty mtge. notes | 2.997 | 9/30/15 | 4,924,500 | 4,961,739 | ||
| 61,866,582 | ||||||
| Investment banking/Brokerage (0.5%) | ||||||
| Macquarie Bank, Ltd. 144A sr. unsec. unsub. FRN (Australia) | 0.721 | 6/15/16 | 10,000,000 | 9,998,780 | ||
| 9,998,780 | ||||||
| Real estate (5.5%) | ||||||
| Camden Property Trust sr. unsec. unsub. notes(R) | 5.000 | 6/15/15 | 6,401,000 | 6,433,299 | ||
| DDR Corp. sr. unsec. unsub. notes(R) | 9.625 | 3/15/16 | 2,925,000 | 3,134,673 | ||
| DDR Corp. sr. unsec. unsub. notes(R) | 5.500 | 5/1/15 | 6,217,000 | 6,217,000 | ||
| Digital Realty Trust LP company guaranty sr. unsec. unsub. notes(R) | 4.500 | 7/15/15 | 11,992,000 | 12,020,601 | ||
| HCP, Inc. sr. unsec. unsub. notes(R) | 7.072 | 6/8/15 | 13,500,000 | 13,579,380 | ||
| Health Care REIT, Inc. sr. unsec. notes(R) | 3.625 | 3/15/16 | 11,331,000 | 11,586,956 | ||
| Kimco Realty Corp. sr. unsec. notes Ser. MTN(R) | 5.584 | 11/23/15 | 3,600,000 | 3,694,475 | ||
| Kimco Realty Corp. sr. unsec. unsub. notes Ser. MTN(R) | 5.783 | 3/15/16 | 7,402,000 | 7,697,621 | ||
| Realty Income Corp. sr. unsec. notes(R) | 5.500 | 11/15/15 | 4,900,000 | 5,015,091 | ||
| Regency Centers LP company guaranty sr. unsec. unsub. notes | 5.250 | 8/1/15 | 25,230,000 | 25,513,081 | ||
| Simon Property Group LP sr. unsec. unsub. notes(R) | 5.750 | 12/1/15 | 1,024,000 | 1,041,587 | ||
| Simon Property Group LP sr. unsec. unsub. notes(R) | 5.100 | 6/15/15 | 1,000,000 | 1,005,043 | ||
| UDR, Inc. sr. unsec. unsub. notes Ser. MTN(R) | 5.250 | 1/15/16 | 5,350,000 | 5,500,811 | ||
| Ventas Realty LP/Ventas Capital Corp. company guaranty sr. unsec. unsub. notes(R) | 3.125 | 11/30/15 | 12,764,000 | 12,935,944 | ||
| 115,375,562 | ||||||
| Technology (0.7%) | ||||||
| eBay, Inc. sr. unsec. unsub. FRN | 0.479 | 7/28/17 | 7,000,000 | 6,883,884 | ||
| Western Union Co. (The) sr. unsec. unsub. FRN | 1.262 | 8/21/15 | 7,255,000 | 7,266,876 | ||
| 14,150,760 | ||||||
| Transportation (0.4%) | ||||||
| Continental Airlines, Inc. pass-through certificates Ser. 97-4A | 6.900 | 1/2/18 | 4,011,129 | 4,251,796 | ||
| Kansas City Southern de Mexico SA de CV sr. unsec. FRN | 0.979 | 10/28/16 | 4,000,000 | 3,991,404 | ||
| 8,243,200 | ||||||
| Utilities and power (2.4%) | ||||||
| Duke Energy Corp. sr. unsec. unsub. FRN | 0.651 | 4/3/17 | 9,100,000 | 9,110,401 | ||
| Duke Energy Progress, Inc. sr. FRN mtge. notes | 0.464 | 3/6/17 | 5,000,000 | 4,969,435 | ||
| Electricite de France (EDF) 144A sr. unsec. FRN (France) | 0.735 | 1/20/17 | 8,000,000 | 8,008,224 | ||
| Enbridge, Inc. sr. unsec. unsub. FRN (Canada) | 0.712 | 6/2/17 | 5,000,000 | 4,949,010 | ||
| Georgia Power Co. sr. unsec. unsub. FRN | 0.591 | 3/15/16 | 4,707,000 | 4,706,336 | ||
| Georgia Power Co. sr. unsec. unsub. notes Ser. 12D | 0.625 | 11/15/15 | 2,000,000 | 2,001,462 | ||
| LG&E and KU Energy, LLC sr. unsec. unsub. notes | 2.125 | 11/15/15 | 4,000,000 | 4,026,764 | ||
| NextEra Energy Capital Holdings, Inc. company guaranty sr. unsec. unsub. notes | 7.875 | 12/15/15 | 2,590,000 | 2,699,417 | ||
| Potomac Edison Co. (The) sr. unsub. notes | 5.125 | 8/15/15 | 3,675,000 | 3,720,779 | ||
| TransCanada PipeLines, Ltd. sr. unsec. unsub. FRN (Canada) | 0.953 | 6/30/16 | 7,100,000 | 7,127,278 | ||
| 51,319,106 | ||||||
| Total corporate bonds and notes (cost $1,577,664,345) | $1,577,995,006 | |||||
| COMMERCIAL PAPER (10.9%)(a) | ||||||
| Yield (%) | Maturity date | Principal amount | Value | |||
| Alcoa, Inc. | 0.550 | 5/8/15 | $15,000,000 | $14,998,396 | ||
| Bell Canada (Canada) | 0.601 | 6/2/15 | 16,000,000 | 15,996,715 | ||
| Campbell Soup Co. | 0.520 | 5/18/15 | 1,650,000 | 1,649,852 | ||
| Church & Dwight Co., Inc. 144A | 0.500 | 5/19/15 | 9,500,000 | 9,498,812 | ||
| Discovery Communications, LLC 144A | 0.500 | 5/15/15 | 7,500,000 | 7,499,281 | ||
| Eni Finance USA Inc. | 0.551 | 5/22/15 | 3,100,000 | 3,099,543 | ||
| Hawaiian Electric Co., Inc. | 0.500 | 5/5/15 | 10,000,000 | 9,999,431 | ||
| Hawaiian Electric Co., Inc. | 0.500 | 5/4/15 | 10,000,000 | 9,999,544 | ||
| Hewlett-Packard Co. | 0.691 | 6/25/15 | 5,000,000 | 4,998,818 | ||
| Hyundai Capital America (South Korea) | 0.631 | 8/3/15 | 4,633,000 | 4,629,124 | ||
| Kansas City Southern Railway Co. (The) | 0.580 | 5/1/15 | 12,000,000 | 11,999,873 | ||
| Kinder Morgan Inc./DE | 0.800 | 5/27/15 | 5,000,000 | 4,997,444 | ||
| Kinder Morgan Inc./DE | 0.800 | 5/20/15 | 10,000,000 | 9,995,761 | ||
| Marriott International, Inc./MD | 0.540 | 6/22/15 | 3,325,000 | 3,323,624 | ||
| Marriott International, Inc./MD | 0.590 | 5/12/15 | 1,700,000 | 1,699,870 | ||
| Mohawk Industries, Inc. | 0.470 | 5/11/15 | 3,145,000 | 3,144,779 | ||
| Mohawk Industries, Inc. | 0.440 | 5/4/15 | 653,000 | 652,983 | ||
| Mondelez International, Inc. | 0.531 | 7/7/15 | 4,390,000 | 4,387,554 | ||
| Mondelez International, Inc. | 0.520 | 6/9/15 | 3,800,000 | 3,798,890 | ||
| Monsanto Co. 144A | 0.502 | 5/26/15 | 10,000,000 | 9,998,223 | ||
| National Grid USA | 0.571 | 5/6/15 | 5,380,000 | 5,379,794 | ||
| Newell Rubbermaid, Inc. | 0.550 | 5/1/15 | 11,500,000 | 11,499,863 | ||
| SABMiller Holdings, Inc. | 0.500 | 5/27/15 | 11,500,000 | 11,495,847 | ||
| SCANA Corp. 144A | 0.600 | 5/21/15 | 3,000,000 | 2,999,265 | ||
| Time Warner Cable, Inc. | 0.490 | 6/8/15 | 19,000,000 | 18,994,607 | ||
| Viacom, Inc. | 0.470 | 5/29/15 | 9,000,000 | 8,998,195 | ||
| Viacom, Inc. | 0.480 | 5/14/15 | 10,000,000 | 9,999,106 | ||
| Wyndham Worldwide Corp. | 0.850 | 5/13/15 | 3,850,000 | 3,849,402 | ||
| Wyndham Worldwide Corp. | 0.780 | 5/5/15 | 5,200,000 | 5,199,689 | ||
| Wyndham Worldwide Corp. 144A | 1.001 | 5/7/15 | 4,610,000 | 4,609,615 | ||
| Wyndham Worldwide Corp. 144A | 0.720 | 5/1/15 | 10,000,000 | 9,999,881 | ||
| Total commercial paper (cost $229,363,970) | $229,393,781 | |||||
| MORTGAGE-BACKED SECURITIES (7.8%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Agency collateralized mortgage obligations (0.9%) | ||||||
| Federal Home Loan Mortgage Corporation | ||||||
| Ser. 1619, Class PZ | 6.500 | 11/15/23 | $284,086 | $313,794 | ||
| Ser. 2345, Class PQ | 6.500 | 8/15/16 | 63,590 | 65,481 | ||
| Ser. 2430, Class UD | 6.000 | 3/15/17 | 59,064 | 61,124 | ||
| Ser. 3724, Class CM | 5.500 | 6/15/37 | 388,013 | 435,404 | ||
| Ser. 3316, Class CD | 5.500 | 5/15/37 | 160,905 | 181,236 | ||
| Ser. 2503, Class B | 5.500 | 9/15/17 | 70,354 | 73,308 | ||
| Ser. 3662, Class QA | 5.000 | 3/15/38 | 131,124 | 132,772 | ||
| Ser. 3028, Class BA | 5.000 | 4/15/34 | 36,570 | 36,920 | ||
| Ser. 2888, Class CG | 5.000 | 8/15/33 | 75,764 | 77,322 | ||
| Ser. 2840, Class OE | 5.000 | 2/15/33 | 1,756 | 1,755 | ||
| Ser. 3331, Class NV | 5.000 | 6/15/29 | 286,000 | 293,336 | ||
| Ser. 3580, Class VB | 5.000 | 4/15/29 | 21,597 | 21,641 | ||
| Ser. 2561, Class BD | 5.000 | 2/15/18 | 235,656 | 245,757 | ||
| Ser. 2541, Class JC | 5.000 | 12/15/17 | 102,083 | 106,218 | ||
| Ser. 2542, Class ES | 5.000 | 12/15/17 | 20,258 | 21,086 | ||
| Ser. 2519, Class AH | 5.000 | 11/15/17 | 225,226 | 234,357 | ||
| Ser. 2513, Class DB | 5.000 | 10/15/17 | 27,443 | 28,495 | ||
| Ser. 3539, Class PM | 4.500 | 5/15/37 | 88,211 | 94,067 | ||
| Ser. 2958, Class QD | 4.500 | 4/15/20 | 44,952 | 46,824 | ||
| Ser. 2882, Class UM | 4.500 | 8/15/19 | 42,199 | 42,446 | ||
| Ser. 3845, Class KP | 4.000 | 4/15/38 | 36,614 | 36,608 | ||
| Ser. 3681, Class AH | 4.000 | 10/15/27 | 140,008 | 140,926 | ||
| Ser. 2854, Class DL | 4.000 | 9/15/19 | 201,775 | 209,484 | ||
| Ser. 2864, Class GB | 4.000 | 9/15/19 | 146,576 | 153,336 | ||
| Ser. 2783, Class AY | 4.000 | 4/15/19 | 136,097 | 141,103 | ||
| Ser. 3805, Class AK | 3.500 | 4/15/24 | 104,837 | 107,815 | ||
| Ser. 2643, Class ME | 3.500 | 3/15/18 | 19,685 | 19,800 | ||
| Ser. 3683, Class JH | 2.500 | 12/15/23 | 36,607 | 36,848 | ||
| Ser. 3611, PO | 0.000 | 7/15/34 | 113,507 | 100,016 | ||
| Federal National Mortgage Association | ||||||
| Ser. 11-15, Class AB | 9.750 | 8/25/19 | 239,383 | 263,028 | ||
| Ser. 10-110, Class AE | 9.750 | 11/25/18 | 177,366 | 195,697 | ||
| Ser. 06-10, Class GC | 6.000 | 9/25/34 | 961,654 | 973,675 | ||
| Ser. 06-124, Class A | 5.625 | 11/25/36 | 35,107 | 36,194 | ||
| Ser. 05-48, Class AR | 5.500 | 2/25/35 | 163,530 | 175,680 | ||
| Ser. 05-51, Class CI | 5.500 | 2/25/34 | 29,121 | 29,183 | ||
| Ser. 08-8, Class PA | 5.000 | 2/25/38 | 159,031 | 167,978 | ||
| Ser. 09-86, Class PC | 5.000 | 3/25/37 | 530,579 | 534,227 | ||
| Ser. 09-15, Class MC | 5.000 | 3/25/24 | 70,270 | 73,828 | ||
| Ser. 03-92, Class VH | 5.000 | 2/25/19 | 94,900 | 95,182 | ||
| Ser. 02-73, Class OE | 5.000 | 11/25/17 | 97,826 | 101,664 | ||
| Ser. 02-65, Class HC | 5.000 | 10/25/17 | 13,170 | 13,535 | ||
| Ser. 09-100, Class PA | 4.500 | 4/25/39 | 27,369 | 28,096 | ||
| Ser. 04-8, Class GD | 4.500 | 10/25/32 | 74,210 | 75,380 | ||
| Ser. 04-26, Class PD | 4.500 | 8/25/32 | 144,218 | 147,342 | ||
| Ser. 11-60, Class PA | 4.000 | 10/25/39 | 49,780 | 51,900 | ||
| Ser. 11-4, Class JP | 4.000 | 6/25/39 | 445,372 | 454,096 | ||
| Ser. 11-36, Class PA | 4.000 | 2/25/39 | 531,868 | 550,578 | ||
| Ser. 03-43, Class YA | 4.000 | 3/25/33 | 510,100 | 525,357 | ||
| Ser. 10-109, Class JB | 4.000 | 8/25/28 | 278,492 | 287,143 | ||
| Ser. 10-17, Class CA | 4.000 | 11/25/23 | 19,884 | 19,931 | ||
| Ser. 11-89, Class VA | 4.000 | 9/25/23 | 385,586 | 390,294 | ||
| Ser. 04-27, Class HB | 4.000 | 5/25/19 | 63,246 | 65,557 | ||
| Ser. 03-128, Class NG | 4.000 | 1/25/19 | 152,502 | 158,465 | ||
| Ser. 11-20, Class PC | 3.500 | 3/25/39 | 141,963 | 146,111 | ||
| Ser. 11-40, Class DA | 3.500 | 11/25/37 | 101,032 | 101,233 | ||
| Ser. 10-155, Class A | 3.500 | 9/25/25 | 43,170 | 44,152 | ||
| Ser. 11-42, Class BJ | 3.000 | 8/25/25 | 834,790 | 856,962 | ||
| Ser. 10-49, Class KC | 3.000 | 11/25/23 | 55,110 | 55,471 | ||
| Ser. 10-43, Class KG | 3.000 | 1/25/21 | 153,734 | 158,314 | ||
| Ser. 11-23, Class AB | 2.750 | 6/25/20 | 104,486 | 107,273 | ||
| Ser. 10-81, Class AP | 2.500 | 7/25/40 | 218,093 | 222,406 | ||
| FRB Ser. 10-90, Class GF | 0.681 | 8/25/40 | 3,522,206 | 3,535,590 | ||
| FRB Ser. 06-74, Class FL | 0.531 | 8/25/36 | 996,031 | 1,006,458 | ||
| FRB Ser. 05-63, Class FC | 0.431 | 10/25/31 | 1,385,635 | 1,382,388 | ||
| Ser. 92-96, Class B, PO | 0.000 | 5/25/22 | 47,617 | 47,093 | ||
| Government National Mortgage Association | ||||||
| Ser. 10-61, Class EA | 5.000 | 9/20/31 | 97,833 | 98,735 | ||
| Ser. 10-31, Class VA | 5.000 | 3/20/21 | 168,708 | 169,299 | ||
| Ser. 10-39, Class PH | 4.500 | 11/20/38 | 385,310 | 401,686 | ||
| Ser. 11-7, Class CA | 4.500 | 11/20/37 | 89,251 | 90,728 | ||
| Ser. 09-109, Class NK | 4.500 | 7/20/37 | 414,593 | 425,819 | ||
| Ser. 09-94, Class MB | 4.500 | 4/20/37 | 381,316 | 391,566 | ||
| Ser. 10-29, Class PA | 4.500 | 8/20/36 | 131,129 | 132,072 | ||
| Ser. 09-116, Class EK | 4.500 | 12/20/34 | 97,941 | 98,881 | ||
| Ser. 09-54, Class HT | 4.500 | 12/20/34 | 43,903 | 44,223 | ||
| Ser. 09-31, Class MA | 4.500 | 8/20/33 | 1,743 | 1,743 | ||
| Ser. 09-59, Class P | 4.250 | 9/20/33 | 146,265 | 150,320 | ||
| Ser. 09-32, Class AB | 4.000 | 5/16/39 | 44,126 | 46,661 | ||
| Ser. 10-32, Class CJ | 4.000 | 1/20/38 | 387,090 | 398,261 | ||
| Ser. 08-38, Class PS | 3.500 | 5/20/37 | 8,860 | 8,881 | ||
| Ser. 09-118, Class AW | 3.000 | 5/20/37 | 823,447 | 835,412 | ||
| 19,831,027 | ||||||
| Commercial mortgage-backed securities (2.5%) | ||||||
| Banc of America Commercial Mortgage Trust | ||||||
| Ser. 06-5, Class A2 | 5.317 | 9/10/47 | 412,487 | 412,459 | ||
| Ser. 06-6, Class A2 | 5.309 | 10/10/45 | 38,657 | 38,765 | ||
| Banc of America Merrill Lynch Commercial Mortgage, Inc. Ser. 05-4, Class A5A | 4.933 | 7/10/45 | 4,691,388 | 4,702,179 | ||
| COMM Mortgage Trust Ser. 05-C6, Class AJ | 5.209 | 6/10/44 | 1,581,000 | 1,593,853 | ||
| Credit Suisse First Boston Mortgage Securities Corp. Ser. 05-C6, Class AJ | 5.230 | 12/15/40 | 1,616,000 | 1,620,816 | ||
| DBRR Trust 144A FRB Ser. 13-EZ3, Class A | 1.636 | 12/18/49 | 8,453,919 | 8,493,547 | ||
| GE Commercial Mortgage Corp. Trust Ser. 07-C1, Class AAB | 5.477 | 12/10/49 | 202,277 | 202,277 | ||
| GMAC Commercial Mortgage Securities, Inc. Trust Ser. 04-C2, Class A4 | 5.301 | 8/10/38 | 51,621 | 51,669 | ||
| JPMorgan Chase Commercial Mortgage Securities Trust Ser. 04-LN2, Class A2 | 5.115 | 7/15/41 | 325,943 | 326,628 | ||
| Merrill Lynch Mortgage Trust Ser. 05-CIP1, Class AM(F) | 5.107 | 7/12/38 | 10,623,000 | 10,702,065 | ||
| Morgan Stanley Capital I Trust | ||||||
| FRB Ser. 07-HQ12, Class A2FX | 5.861 | 4/12/49 | 537,076 | 536,142 | ||
| Ser. 07-HQ11, Class A31 | 5.439 | 2/12/44 | 574,759 | 573,908 | ||
| Selkirk, Ltd. 144A | ||||||
| Ser. 1, Class A (Cayman Islands) | 1.329 | 2/20/41 | 9,276,890 | 9,253,698 | ||
| Ser. 2, Class A (Cayman Islands) | 1.183 | 2/20/41 | 1,140,351 | 1,139,615 | ||
| Wachovia Bank Commercial Mortgage Trust | ||||||
| Ser. 07-C31, Class A2 | 5.421 | 4/15/47 | 46,289 | 46,248 | ||
| FRB Ser. 05-C20, Class B | 5.370 | 7/15/42 | 3,449,000 | 3,473,303 | ||
| Wachovia Bank Commercial Mortgage Trust 144A FRB Ser. 06-C28, Class A4FL | 0.330 | 10/15/48 | 8,720,747 | 8,634,307 | ||
| 51,801,479 | ||||||
| Residential mortgage-backed securities (non-agency) (4.4%) | ||||||
| BCAP, LLC Trust 144A | ||||||
| FRB Ser. 12-RR12, Class 4A1 | 2.712 | 4/26/36 | 4,753,192 | 4,846,771 | ||
| FRB Ser. 10-RR6, Class 2A8 | 0.454 | 5/26/37 | 1,943,941 | 1,909,922 | ||
| FRB Ser. 12-RR10, Class 5A5 | 0.438 | 4/26/36 | 9,088,091 | 8,931,867 | ||
| Bear Stearns Asset Backed Securities I Trust FRB Ser. 05-EC1, Class M1 | 0.624 | 11/25/35 | 10,442,016 | 10,406,513 | ||
| Bear Stearns Asset Backed Securities Trust | ||||||
| FRB Ser. 05-4, Class M1 | 0.674 | 1/25/36 | 2,224,810 | 2,218,033 | ||
| FRB Ser. 05-SD3, Class 1A | 0.671 | 7/25/35 | 2,324,162 | 2,277,679 | ||
| FRB Ser. 05-SD2, Class 1A3 | 0.581 | 3/25/35 | 2,891,640 | 2,871,398 | ||
| Citigroup Mortgage Loan Trust 144A | ||||||
| FRB Ser. 09-6, Class 12A1 | 2.648 | 7/25/36 | 1,010,646 | 1,028,079 | ||
| FRB Ser. 09-5, Class 1A1 | 2.129 | 6/25/37 | 622,284 | 623,840 | ||
| Citigroup Mortgage Loan Trust, Inc. 144A FRB Ser. 12-11, Class 3A1 | 0.464 | 12/25/35 | 2,028,219 | 1,998,335 | ||
| Countrywide Asset-Backed Certificates Trust | ||||||
| FRB Ser. 04-12, Class MV2 | 1.119 | 3/25/35 | 1,068,772 | 1,068,879 | ||
| FRB Ser. 05-1, Class MV3 | 0.654 | 7/25/35 | 6,507,535 | 6,487,361 | ||
| CSMC Trust 144A FRB Ser. 14-5R, Class 6A1 | 0.324 | 10/27/36 | 10,109,095 | 9,963,777 | ||
| GSAMP Trust FRB Ser. 06-HE2, Class A2 | 0.361 | 3/25/46 | 3,391,822 | 3,337,723 | ||
| JPMorgan Resecuritization Trust 144A FRB Ser. 09-7, Class 1A1 | 2.564 | 8/27/37 | 4,215,731 | 4,273,908 | ||
| Morgan Stanley Mortgage Loan Trust | ||||||
| FRB Ser. 05-6AR, Class 1A2 | 0.451 | 11/25/35 | 2,810,546 | 2,775,537 | ||
| FRB Ser. 05-5AR, Class 1A1 | 0.451 | 9/25/35 | 6,881,910 | 6,822,037 | ||
| Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates FRB Ser. 05-1, Class M1 | 0.651 | 2/25/35 | 2,628,667 | 2,622,096 | ||
| Opteum Mortgage Acceptance Corp. Trust FRB Ser. 05-4, Class 1A1C | 0.591 | 11/25/35 | 4,526,538 | 4,436,007 | ||
| People's Choice Home Loan Securities Trust FRB Ser. 05-2, Class M2 | 0.819 | 5/25/35 | 8,810,258 | 8,808,496 | ||
| Residential Accredit Loans, Inc. Trust Ser. 03-QR13, Class A3 | 4.000 | 7/25/33 | 500,666 | 505,272 | ||
| Structured Asset Securities Corp Mortgage Loan Trust FRB Ser. 07-BC2, Class A3 | 0.311 | 3/25/37 | 4,952,954 | 4,940,572 | ||
| 93,154,102 | ||||||
| Total mortgage-backed securities (cost $165,263,191) | $164,786,608 | |||||
| CERTIFICATES OF DEPOSIT (2.4%)(a) | ||||||
| Yield (%) | Maturity date | Principal amount | Value | |||
| Banco Bilbao Vizcaya/NY FRN | 1.107 | 5/16/16 | $23,750,000 | $23,712,214 | ||
| Bank of Montreal/Chicago, IL FRN (Canada) | 0.420 | 8/12/16 | 5,000,000 | 4,998,090 | ||
| Bank of Tokyo-Mitsubishi UFJ, Ltd. (The)/New York, NY FRN (Japan) | 0.655 | 7/15/16 | 7,000,000 | 6,997,655 | ||
| Intesa Sanpaolo/NY FRN (Italy) | 1.656 | 4/11/16 | 10,750,000 | 10,780,745 | ||
| Nordea Bank Finland PLC/New York FRN | 0.747 | 2/19/16 | 2,000,000 | 2,005,498 | ||
| Sumitomo Mitsui Banking Corp./New York FRN (Japan) | 0.582 | 3/3/16 | 2,000,000 | 1,999,610 | ||
| Total certificates of deposit (cost $50,590,352) | $50,493,812 | |||||
| ASSET-BACKED SECURITIES (1.9%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| Station Place Securitization Trust FRB Ser. 14-3, Class A | 1.056 | 8/10/16 | $20,000,000 | $20,000,000 | ||
| Station Place Securitization Trust 144A FRB Ser. 14-2, Class A | 1.055 | 7/25/16 | 20,000,000 | 20,000,000 | ||
| Total asset-backed securities (cost $40,000,000) | $40,000,000 | |||||
| U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (0.1%)(a) | ||||||
| Interest rate (%) | Maturity date | Principal amount | Value | |||
| U.S. Government Guaranteed Mortgage Obligations (—%) | ||||||
| Government National Mortgage Association Pass-Through Certificates | 4.500 | 10/15/19 | $109,391 | $115,387 | ||
| Government National Mortgage Association Pass-Through Certificates | 4.500 | 5/15/18 | 100,885 | 105,279 | ||
| 220,666 | ||||||
| U.S. Government Agency Mortgage Obligations (0.1%) | ||||||
| Federal Home Loan Mortgage Corporation | 4.500 | 10/1/18 | 30,143 | 31,275 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 6.500 | 3/1/19 | 80,523 | 86,968 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 6.500 | 6/1/17 | 73,949 | 77,297 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 6.000 | 2/1/19 | 55,877 | 57,555 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 6.000 | 9/1/17 | 154,118 | 161,410 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 6.000 | 7/1/17 | 145,841 | 152,506 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 6.000 | 6/1/17 | 78,059 | 81,370 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.500 | 11/1/18 | 89,983 | 94,620 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.500 | 4/1/18 | 77,202 | 80,982 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.000 | 5/1/21 | 122,915 | 130,717 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.000 | 11/1/19 | 123,862 | 130,897 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.000 | 5/1/18 | 47,624 | 49,811 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.000 | 3/1/18 | 55,292 | 58,041 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 5.000 | 2/1/18 | 58,472 | 61,379 | ||
| Federal Home Loan Mortgage Corporation Pass-Through Certificates | 4.500 | 8/1/18 | 73,450 | 76,709 | ||
| Federal National Mortgage Association Pass-Through Certificates | 6.500 | 12/1/19 | 122,680 | 128,228 | ||
| Federal National Mortgage Association Pass-Through Certificates | 6.500 | 8/1/17 | 83,690 | 87,737 | ||
| Federal National Mortgage Association Pass-Through Certificates | 6.000 | 5/1/23 | 86,746 | 93,336 | ||
| Federal National Mortgage Association Pass-Through Certificates | 6.000 | 9/1/19 | 26,659 | 27,798 | ||
| Federal National Mortgage Association Pass-Through Certificates | 6.000 | 9/1/18 | 47,656 | 50,523 | ||
| Federal National Mortgage Association Pass-Through Certificates | 6.000 | 12/1/17 | 73,238 | 76,433 | ||
| Federal National Mortgage Association Pass-Through Certificates | 5.500 | 11/1/23 | 131,922 | 139,780 | ||
| Federal National Mortgage Association Pass-Through Certificates | 5.500 | 6/1/20 | 154,070 | 163,249 | ||
| Federal National Mortgage Association Pass-Through Certificates | 5.500 | 11/1/18 | 122,705 | 128,423 | ||
| Federal National Mortgage Association Pass-Through Certificates | 5.500 | 4/1/18 | 158,428 | 165,605 | ||
| Federal National Mortgage Association Pass-Through Certificates | 5.000 | 11/1/19 | 127,036 | 134,478 | ||
| 2,527,127 | ||||||
| Total U.S. government and agency mortgage obligations (cost $2,793,410) | $2,747,793 | |||||
| ASSET-BACKED COMMERCIAL PAPER (—%)(a) | ||||||
| Yield (%) | Maturity date | Principal amount | Value | |||
| CIESCO, LLC | 0.300 | 5/1/15 | $250,000 | $249,999 | ||
| Total asset-backed commercial paper (cost $250,000) | $249,999 | |||||
| TOTAL INVESTMENTS | ||||||
| Total investments (cost $2,065,925,268)(b) | $2,065,666,999 | |||||
| Key to holding's abbreviations | |||
| BKNT | Bank Note | ||
| EMTN | Euro Medium Term Notes | ||
| 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 or yield at the close of the reporting period | ||
| GMTN | Global Medium Term Notes | ||
| MTN | Medium Term Notes | ||
| PO | Principal Only | ||
| REGS | Securities sold under Regulation S may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. | ||
| 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 August 1, 2014 through April 30, 2015 (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 $2,101,130,145. | |||||
| (b) | The aggregate identified cost on a tax basis is $2,065,925,348, resulting in gross unrealized appreciation and depreciation of $1,783,054 and $2,041,403, respectively, or net unrealized depreciation of $258,349. | |||||
| (F) | This security 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 | 68.8% | |||||
| United Kingdom | 6.2 | |||||
| Australia | 5.4 | |||||
| France | 5.0 | |||||
| Canada | 4.5 | |||||
| Japan | 3.4 | |||||
| Netherlands | 2.2 | |||||
| Italy | 1.2 | |||||
| Denmark | 0.8 | |||||
| Sweden | 0.6 | |||||
| South Korea | 0.5 | |||||
| Cayman Islands | 0.5 | |||||
| Other | 0.9 | |||||
| Total | 100.0% | |||||
| Security valuation: Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund’s assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee. | ||||||
| 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 consider 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. Short-term securities with remaining maturities of 60 days or less may be valued at amortized cost, which approximates fair value, and are classified as Level 2 securities. | ||||||
| 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, recovery rates, sales and other multiples and resale restrictions. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | ||||||
| To assess the continuing appropriateness of fair valuations, the Valuation Committee reviews and affirms the reasonableness of such valuations on a regular basis after considering all relevant information that is reasonably available. 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. | ||||||
| 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 fair 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 commercial paper | $— | $249,999 | $— | |
| Asset-backed securities | — | 20,000,000 | 20,000,000 | |
| Certificates of deposit | — | 50,493,812 | — | |
| Commercial paper | — | 229,393,781 | — | |
| Corporate bonds and notes | — | 1,577,995,006 | — | |
| Mortgage-backed securities | — | 164,786,608 | — | |
| U.S. government and agency mortgage obligations | — | 2,747,793 | — | |
|
|
|
|
||
| Totals by level | $— | $2,045,666,999 | $20,000,000 | |
| During the reporting period, transfers within the fair value hierarchy, if any, did not represent, in the aggregate, more than 1% of the fund's net assets measured as of the end of the period. | ||||
| At the start and close of the reporting period, Level 3 investments in securities represented less than 1% of the fund's net assets and were not considered a significant portion of the fund's portfolio. | ||||
| 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 26, 2015 |
| 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 26, 2015 |
| By (Signature and Title): |
| /s/ Steven D. Krichmar Steven D. Krichmar Principal Financial Officer Date: June 26, 2015 |
| 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 25, 2015 | |
| 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 25, 2015 | |
| Steven D. Krichmar | |
| Principal Financial Officer | |
Attachment A | |
NQ | |
Period (s) ended April 30, 2015 | |
| Putnam Premier Income Trust | |
| Putnam Research Fund | |
| Putnam Investors Fund | |
| Putnam Voyager Fund | |
| Putnam Tax Free High Yield Fund | |
| Putnam AMT-Free Insured Municipal Fund | |
| Putnam Growth Opportunities Fund | |
| The George Putnam Fund of Boston | |
| Putnam Short Duration Income Fund | |
| Putnam Short Term Investment Fund | |
| Putnam Strategic Volatility Equity Fund | |
| Putnam Low Volatility Equity Fund | |
Putnam RetirementReady — Funds: | |
| Putnam RetirementReady — 2055 | |
| Putnam RetirementReady — 2050 | |
| Putnam RetirementReady — 2045 | |
| Putnam RetirementReady — 2040 | |
| Putnam RetirementReady — 2035 | |
| Putnam RetirementReady — 2030 | |
| Putnam RetirementReady — 2025 | |
| Putnam RetirementReady — 2020 | |
| Putnam RetirementReady — 2015 | |
| Putnam Retirement Income Fund Lifestyle 1 |