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, 2016

Date of reporting period: October 31, 2015

Item 1. Schedule of Investments:

Putnam Short Term Investment Fund
The fund's portfolio
10/31/15 (Unaudited)
REPURCHASE AGREEMENTS (35.9%)(a)
			Principal amount	Value
Interest in $72,000,000 joint tri-party repurchase agreement dated 10/30/15 with Bank of Nova Scotia due 11/2/15 - maturity value of $52,000,260 for an effective yield of 0.060% (collateralized by various U.S. Treasury notes and bonds with coupon rates ranging from 0.125% to 6.875% and due dates ranging from 2/29/16 to 5/15/43, valued at $73,440,368)			$52,000,000	$52,000,000
Interest in $165,500,000 tri-party term repurchase agreement dated 10/27/15 with Barclays Capital, Inc. due 11/3/15 - maturity value of $165,502,574 for an effective yield of 0.08% (collateralized by various mortgage backed securities with coupon rates ranging from 3.000% to 4.500% and due dates ranging from 7/1/30 to 10/1/45, valued at $168,810,000)			165,500,000	165,500,000
Interest in $150,000,000 tri-party repurchase agreement dated 10/30/15 with Barclays Capital, Inc. due 11/2/15 - maturity value of $150,001,000 for an effective yield of 0.080% (collateralized by various U.S. Treasury notes and bonds with coupon rates ranging from 0.065% to 2.250% and due dates ranging from 1/31/16 to 11/15/24, valued at $153,000,028)			150,000,000	150,000,000
Interest in $33,000,000 tri-party term repurchase agreement dated 9/21/15 with BNP Paribas Securities Corp. due 12/21/15 - maturity value of $33,022,523 for an effective yield of 0.27% (collateralized by various corporate bonds and notes with coupon rates ranging from 0.625% to 9.455% and due dates ranging from 2/25/16 to 3/1/46, valued at $34,650,063) (IR)			33,000,000	33,000,932
Interest in $122,000,000 tri-party repurchase agreement dated 10/30/15 with BNP Paribas Securities Corp. due 11/2/15 - maturity value of $122,000,915 for an effective yield of 0.090% (collateralized by various U.S. Treasury notes and various mortgage backed securities with coupon rates ranging from 0.500% to 6.250% and due dates ranging from 3/31/17 to 9/20/45, valued at $124,440,065)			122,000,000	122,000,000
Interest in $266,500,000 joint tri-party term repurchase agreement dated 10/29/15 with Citigroup Global Markets, Inc. due 11/5/15 - maturity value of $163,002,853 for an effective yield of 0.090% (collateralized by a U.S. Treasury note and various mortgage backed securities with coupon rates ranging from 0.125% to 2.800% and due dates ranging from 4/15/16 to 10/8/24, valued at $271,830,001)			163,000,000	163,000,000
Interest in $347,000,000 joint tri-party repurchase agreement dated 10/30/15 with Citigroup Global Markets, Inc. due 11/2/15 - maturity value of $121,193,010 for an effective yield of 0.10% (collateralized by various mortgage backed securities with coupon rates ranging from 2.000% to 6.000% and due dates ranging from 10/20/27 to 10/20/45, valued at $353,940,000)			121,192,000	121,192,000
Interest in $84,000,000 tri-party repurchase agreement dated 10/30/15 with Goldman, Sachs & Co. due 11/2/15 - maturity value of $84,000,560 for an effective yield of 0.080% (collateralized by various mortgage backed securities with coupon rates ranging from 2.500% to 5.500% and due dates ranging from 11/1/24 to 8/1/45, valued at $85,680,001)			84,000,000	84,000,000
Interest in $391,102,000 joint tri-party repurchase agreement dated 10/30/15 with Merrill Lynch, Pierce, Fenner and Smith Inc. due 11/2/15 - maturity value of $137,275,915 for an effective yield of 0.080% (collateralized by various mortgage backed securities with coupon rates ranging from 3.500% to 4.000% and due dates ranging from 9/1/44 to 10/1/45, valued at $398,924,040)			137,275,000	137,275,000
Interest in $100,000,000 joint tri-party term repurchase agreement dated 10/27/15 with Merrill Lynch, Pierce, Fenner and Smith Inc. due 11/3/15 - maturity value of $60,000,817 for an effective yield of 0.070% (collateralized by a mortgage backed security with a coupon rate of 4.000% and a due date of 9/1/44, valued at $102,000,001)			60,000,000	60,000,000
Interest in $175,000,000 tri-party repurchase agreement dated 10/30/15 with RBC Capital Markets, LLC due 11/2/15 - maturity value of $175,001,458 for an effective yield of 0.10% (collateralized by various mortgage backed securities with coupon rates ranging from 2.000% to 4.500% and due dates ranging from 6/1/28 to 5/20/65, valued at $178,501,488)			175,000,000	175,000,000
Total repurchase agreements (cost $1,262,967,000)				$1,262,967,932
COMMERCIAL PAPER (26.5%)(a)
	Yield (%)	Maturity date	Principal amount	Value
AbbVie, Inc.	0.300	11/19/15	$17,000,000	$16,997,847
ABN AMRO Funding USA, LLC	0.135	11/5/15	17,000,000	16,999,575
American Express Credit Corp.	0.220	12/21/15	15,000,000	14,993,955
American Express Credit Corp.	0.210	12/9/15	2,500,000	2,499,269
American Honda Finance Corp.	0.240	2/4/16	31,750,000	31,730,153
American Honda Finance Corp.	0.170	12/17/15	3,000,000	2,999,344
Apple, Inc.	0.170	11/9/15	25,000,000	24,999,167
Apple, Inc.	0.140	12/14/15	5,000,000	4,998,938
Apple, Inc.	0.110	12/18/15	5,000,000	4,998,809
AXA Financial, Inc.	0.220	11/23/15	15,000,000	14,997,630
Barclays Bank PLC (United Kingdom)	0.200	11/16/15	15,000,000	14,998,222
BPCE SA (France)	0.130	11/23/15	15,000,000	14,998,630
Canada (Government of) (Canada)	0.180	1/25/16	24,000,000	23,991,532
Canada (Government of) (Canada)	0.140	11/3/15	25,000,000	24,999,953
Chevron Corp.	0.140	12/14/15	16,900,000	16,896,409
Coca-Cola Co. (The)	0.110	11/9/15	19,500,000	19,499,577
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/NY (Netherlands)	0.315	3/10/16	20,000,000	19,973,673
Danaher Corp.	0.190	12/8/15	12,000,000	11,997,504
Danaher Corp.	0.150	12/4/15	2,500,000	2,499,545
Danaher Corp.	0.150	11/6/15	3,070,000	3,069,910
Danske Corp. (Denmark)	0.160	12/15/15	15,000,000	14,994,231
DnB Bank ASA (Norway)	0.110	11/13/15	6,120,000	6,119,741
DnB Bank ASA 144A (Norway)	0.230	1/13/16	30,000,000	29,988,125
Export Development Canada (Canada)	0.310	1/20/16	25,000,000	24,991,060
Export Development Canada (Canada)	0.240	12/4/15	1,600,000	1,599,876
General Electric Capital Corp.	0.130	12/9/15	30,000,000	29,994,567
Lloyds Bank PLC (United Kingdom)	0.300	2/1/16	15,175,000	15,163,588
Lloyds Bank PLC (United Kingdom)	0.280	1/4/16	15,000,000	14,993,620
National Australia Bank, Ltd. (Australia)	0.225	1/12/16	30,000,000	29,989,578
Nationwide Building Society 144A (United Kingdom)	0.370	11/16/15	31,375,000	31,372,733
Nestle Capital Corp.	0.250	2/11/16	22,000,000	21,988,751
Nestle Finance International, Ltd. (Switzerland)	0.100	12/4/15	8,000,000	7,999,214
Nordea Bank AB (Sweden)	0.381	2/29/16	12,500,000	12,487,419
Nordea Bank AB (Sweden)	0.230	1/21/16	5,000,000	4,997,372
Nordea Bank AB 144A (Sweden)	0.300	2/2/16	17,500,000	17,488,547
Procter & Gamble Co. (The)	0.100	12/1/15	30,000,000	29,998,027
Prudential PLC (United Kingdom)	0.247	11/9/15	17,750,000	17,749,260
Prudential PLC 144A (United Kingdom)	0.250	1/19/16	13,250,000	13,242,607
Roche Holdings, Inc. (Switzerland)	0.130	11/2/15	8,500,000	8,499,915
Roche Holdings, Inc. (Switzerland)	0.120	12/16/15	25,000,000	24,994,354
Simon Property Group LP	0.260	1/19/16	16,000,000	15,991,072
Simon Property Group LP 144A	0.260	1/12/16	8,000,000	7,996,070
Simon Property Group LP 144A	0.170	11/16/15	6,500,000	6,499,530
Skandinaviska Enskilda Banken AB (Sweden)	0.330	2/25/16	15,000,000	14,985,938
Skandinaviska Enskilda Banken AB (Sweden)	0.180	12/17/15	5,000,000	4,999,040
Skandinaviska Enskilda Banken AB (Sweden)	0.150	12/8/15	15,000,000	14,997,855
Standard Chartered Bank/New York 144A	0.340	12/17/15	30,000,000	29,991,120
Stanley Black & Decker, Inc.	0.330	11/4/15	15,000,000	14,999,629
Stanley Black & Decker, Inc.	0.300	11/16/15	5,000,000	4,999,544
Svenska Handelsbanken AB (Sweden)	0.300	11/24/15	36,000,000	35,995,950
Swedbank AB (Sweden)	0.305	11/30/15	34,000,000	33,996,164
Toronto-Dominion Holdings USA, Inc. 144A (Canada)	0.250	2/16/16	20,000,000	19,985,467
Toyota Motor Credit Corp.	0.220	12/8/15	30,000,000	29,995,515
UnitedHealth Group, Inc.	0.310	11/2/15	15,000,000	14,999,726
Wal-Mart Stores, Inc.	0.100	11/16/15	35,000,000	34,999,008
Total commercial paper (cost $933,190,330)				$933,223,855
ASSET-BACKED COMMERCIAL PAPER (11.3%)(a)
	Yield (%)	Maturity date	Principal amount	Value
CAFCO, LLC	0.150	11/18/15	$21,200,000	$21,198,512
CHARTA, LLC	0.280	12/14/15	32,000,000	31,992,000
CIESCO, LLC	0.300	12/4/15	18,000,000	17,996,973
CRC Funding, LLC	0.280	2/22/16	12,000,000	11,987,350
CRC Funding, LLC	0.250	11/12/15	22,460,000	22,459,067
Fairway Finance, LLC 144A (Canada)	0.280	11/12/15	15,000,000	14,999,150
Fairway Finance, LLC 144A (Canada)	0.130	11/4/15	15,000,000	14,999,692
Liberty Street Funding, LLC (Canada)	0.300	1/22/16	20,000,000	19,985,627
Liberty Street Funding, LLC (Canada)	0.300	1/14/16	12,750,000	12,742,140
Manhattan Asset Funding Co., LLC (Japan)	0.200	12/11/15	22,000,000	21,994,507
Manhattan Asset Funding Co., LLC (Japan)	0.200	11/16/15	11,000,000	10,999,133
MetLife Short Term Funding, LLC 144A	0.210	11/2/15	35,000,000	34,999,664
Old Line Funding, LLC 144A	0.276	1/25/16	24,500,000	24,498,849
Old Line Funding, LLC 144A	0.276	1/15/16	6,500,000	6,499,760
Regency Markets No. 1, LLC	0.180	11/25/15	22,000,000	21,997,045
Regency Markets No. 1, LLC 144A	0.180	11/20/15	10,000,000	9,998,950
Sheffield Receivables Co., LLC (United Kingdom)	0.240	11/23/15	15,000,000	14,998,170
Thunder Bay Funding, LLC	0.270	11/20/15	7,000,000	6,999,265
Thunder Bay Funding, LLC 144A	0.276	1/15/16	28,325,000	28,323,867
Victory Receivables Corp. (Japan)	0.230	12/11/15	5,000,000	4,998,752
Victory Receivables Corp. 144A (Japan)	0.190	11/6/15	29,000,000	28,999,154
Working Capital Management Co. (Japan)	0.190	12/2/15	5,000,000	4,999,102
Working Capital Management Co. (Japan)	0.190	11/9/15	10,800,000	10,799,538
Total asset-backed commercial paper (cost $399,466,495)				$399,466,267
CERTIFICATES OF DEPOSIT (8.2%)(a)
	Yield (%)	Maturity date	Principal amount	Value
Australia & New Zealand Banking Group, Ltd./New York, NY	0.270	2/8/16	$30,000,000	$29,997,725
Bank of America, NA	0.260	11/9/15	35,375,000	35,376,380
Canadian Imperial Bank of Commerce/New York, NY	0.250	11/25/15	36,000,000	36,003,326
Citibank, NA	0.290	11/23/15	15,000,000	15,001,619
Citibank, NA	0.290	11/13/15	22,000,000	22,001,557
Credit Agricole Corporate and Investment Bank/New York (France)	0.170	11/5/15	15,225,000	15,225,066
Mizuho Bank, Ltd./NY	0.320	11/17/15	19,000,000	19,001,234
Rabobank London (United Kingdom)	0.200	11/5/15	11,250,000	11,250,270
Royal Bank of Canada/New York, NY FRN (Canada)	0.287	11/10/15	21,175,000	21,174,767
Royal Bank of Canada/New York, NY FRN (Canada)	0.254	11/3/15	11,000,000	11,000,000
Toronto-Dominion Bank/NY FRN (Canada)	0.287	11/18/15	10,000,000	9,999,750
Wells Fargo Bank, NA FRN	0.354	11/18/15	15,000,000	14,999,835
Wells Fargo Bank, NA FRN	0.295	11/20/15	15,000,000	14,999,775
Westpac Banking Corp./NY FRN (Australia)	0.299	11/16/15	32,000,000	31,999,840
Total certificates of deposit (cost $288,027,892)				$288,031,144
U.S. GOVERNMENT AGENCY OBLIGATIONS (7.0%)(a)
	Yield (%)	Maturity date	Principal amount	Value
Federal Home Loan Banks unsec. discount notes	0.189	11/25/15	$30,000,000	$29,999,520
Federal Home Loan Banks unsec. discount notes	0.185	11/20/15	16,000,000	15,999,792
Federal Home Loan Banks unsec. discount notes	0.180	11/18/15	2,500,000	2,499,973
Federal Home Loan Banks unsec. discount notes	0.180	11/5/15	1,100,000	1,099,998
Federal Home Loan Banks unsec. discount notes	0.180	11/3/15	1,000,000	999,999
Federal Home Loan Banks unsec. discount notes	0.176	11/9/15	31,900,000	31,899,841
Federal Home Loan Banks unsec. discount notes	0.155	11/4/15	24,000,000	23,999,976
Federal Home Loan Banks unsec. discount notes	0.119	1/22/16	31,000,000	30,993,707
Federal Home Loan Banks unsec. discount notes	0.105	1/19/16	30,000,000	29,994,150
Federal Home Loan Mortgage Corporation unsec. discount notes	0.250	11/18/15	25,000,000	24,999,725
Federal National Mortgage Association unsec. discount notes	0.190	12/14/15	5,000,000	4,999,765
Federal National Mortgage Association unsec. discount notes	0.170	11/17/15	7,000,000	6,999,930
Federal National Mortgage Association unsec. discount notes	0.160	11/4/15	7,300,000	7,299,993
Federal National Mortgage Association unsec. discount notes	0.145	11/2/15	12,000,000	12,000,000
Federal National Mortgage Association unsec. discount notes	0.030	11/16/15	22,000,000	21,999,780
Total U.S. government agency obligations (cost $245,772,504)				$245,786,149
U.S. TREASURY OBLIGATIONS (4.8%)(a)
	Yield (%)	Maturity date	Principal amount	Value
U.S. Treasury FRN	0.104	1/31/17	$42,150,000	$42,143,976
U.S. Treasury FRN	0.090	7/31/16	33,810,000	33,814,869
U.S. Treasury FRN	0.089	4/30/16	31,600,000	31,603,135
U.S. Treasury FRN	0.073	10/31/16	35,500,000	35,491,001
U.S. Treasury FRN	0.065	1/31/16	24,500,000	24,501,230
Total U.S. treasury obligations (cost $167,559,775)				$167,554,211
MUNICIPAL BONDS AND NOTES (3.9%)(a)
	Yield (%)	Maturity date	Principal amount	Value
Duke University Commercial Paper, Ser. B-98	0.140	12/17/15	$15,000,000	$14,996,520
Johns Hopkins University Commercial Paper, Ser. C	0.200	11/17/15	9,600,000	9,600,192
Johns Hopkins University Commercial Paper, Ser. C	0.200	11/3/15	10,000,000	10,000,100
President and Fellows of Harvard College Commercial Paper	0.200	12/3/15	28,745,000	28,742,877
Texas A&M University Commercial Paper, Ser. B	0.250	11/17/15	22,600,000	22,600,226
Texas A&M University Commercial Paper, Ser. B	0.240	1/12/16	11,000,000	11,000,220
University of Chicago Commercial Paper	0.150	12/15/15	15,000,000	14,997,450
University of Chicago Commercial Paper, Ser. A	0.150	12/2/15	20,000,000	19,997,600
Yale University Commercial Paper	0.110	11/18/15	5,000,000	4,999,665
Total municipal bonds and notes (cost $136,931,607)				$136,934,850
TIME DEPOSITS (2.5%)(a)
	Yield (%)	Maturity date	Principal amount	Value
Australia & New Zealand Banking Group Ltd./Cayman Islands (Cayman Islands)	0.150	11/2/15	$35,250,000	$35,250,000
Credit Agricole Corporate and Investment Bank/Grand Cayman (Cayman Islands)	0.070	11/2/15	17,500,000	17,500,000
Svenska Handelsbanken/Cayman Islands (Sweden)	0.050	11/2/15	35,250,000	35,250,000
Total time deposits (cost $88,000,000)				$88,000,000
TOTAL INVESTMENTS
Total investments (cost $3,521,915,603)(b)				$3,521,964,408

Key to holding's abbreviations
FRN	Floating Rate Notes: the rate shown is the current interest rate or yield at the close of the reporting period

	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, 2015 through October 31, 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 $3,521,572,319.
(b)	The aggregate identified cost on a tax basis is $3,521,915,603, resulting in gross unrealized appreciation and depreciation of $63,121 and $14,316, respectively, or net unrealized appreciation of $48,805.
(IR)	Repurchase agreements with a maturity of more than seven days are considered to be illiquid investments.
	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	75.9%
	Canada	5.7
	Sweden	5.0
	United Kingdom	3.8
	Japan	2.3
	Australia	1.8
	Cayman Islands	1.5
	Switzerland	1.2
	Norway	1.0
	France	0.8
	Netherlands	0.6
	Denmark	0.4
	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. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount.
	Repurchase agreements: The fund, or any joint trading account, through its custodian, receives delivery of the underlying securities, the fair value of which at the time of purchase is required to be in an amount at least equal to the resale price, including accrued interest. Collateral for certain tri-party repurchase agreements is held at the counterparty’s custodian in a segregated account for the benefit of the fund and the counterparty. Putnam Management is responsible for determining that the value of these underlying securities is at all times at least equal to the resale price, including accrued interest. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings.

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	$—	$399,466,267	$—
Certificates of deposit	—	288,031,144	—
Commercial paper	—	933,223,855	—
Municipal bonds and notes	—	136,934,850	—
Repurchase agreements	—	1,262,967,932	—
Time deposits	—	88,000,000	—
U.S. government agency obligations	—	245,786,149	—
U.S. treasury obligations	—	167,554,211	—
Totals by level	$—	$3,521,964,408	$—
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. Transfers are accounted for using the end of period pricing valuation method.

	The following table summarizes any derivatives, repurchase agreements and reverse repurchase agreements, at the end of the reporting period, that are subject to an enforceable master netting agreement or similar agreement. For securities lending transactions, if applicable, see note "(d)" above, and for borrowing transactions associated with securities sold short, if applicable, see the "Short sales of securities" note above.
		Bank of Nova Scotia	Barclays Capital, Inc.	BNP Paribas Securities Corp	Citigroup Global Markets, Inc.	Goldman, Sachs & Co.	Merrill Lynch, Pierce, Fenner and Smith Inc.	RBC Capital Markets, LLC	Total
	Assets:
	Repurchase agreements	$52,000,000	$315,500,000	$155,000,932	$ 284,192,000	$84,000,000	$197,275,000	$175,000,000	$1,262,967,932
	Total Assets	$52,000,000	$315,500,000	$155,000,932	$284,192,000	$84,000,000	$197,275,000	$175,000,000	$1,262,967,932
	Liabilities:
	Total Liabilities	$—	$—	$—	$—	$—	$—	$—	$—
	Total Financial and Derivative Net Assets	$52,000,000	$315,500,000	$155,000,932	$284,192,000	$84,000,000	$197,275,000	$175,000,000	$1,262,967,932
	Total collateral received (pledged)##†	$52,000,000	$315,500,000	$155,000,932	$284,192,000	$84,000,000	$197,275,000	$175,000,000
	Net amount	$—	$—	$—	$—	$—	$—	$—
†	Additional collateral may be required from certain brokers based on individual agreements.
##	Any over-collateralization of total financial and derivative net assets is not shown. Collateral may include amounts related to unsettled agreements.
	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: December 29, 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: December 29, 2015

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: December 29, 2015