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: February 28, 2017

Date of reporting period: November 30, 2016

Item 1. Schedule of Investments:

Putnam Floating Rate Income Fund
The fund's portfolio
11/30/16 (Unaudited)
SENIOR LOANS (81.3%)(a)(c)
	Principal amount	Value
Advertising and marketing services (1.0%)
Lions Gate Entertainment Corp. bank term loan FRN 5.00%, 3/17/22	$2,090,000	$2,121,350
Lions Gate Entertainment Corp. bank term loan FRN Ser. B, 3.75%, 10/12/23	6,000,000	5,980,002
		8,101,352
Automotive (0.9%)
FCA US, LLC bank term loan FRN Ser. B, 3.25%, 12/31/18	1,842,057	1,842,715
Navistar, Inc. bank term loan FRN Ser. B, 6.50%, 8/7/20	5,381,928	5,420,613
		7,263,328
Basic materials (9.7%)
Allnex USA, Inc. bank term loan FRN Ser. B2, 5.00%, 9/13/23	1,140,647	1,148,489
Allnex USA, Inc. bank term loan FRN Ser. B3, 5.00%, 9/13/23	859,353	865,261
Beacon Roofing Supply, Inc. bank term loan FRN Ser. B, 3.50%, 10/1/22	2,970,000	2,976,498
Builders FirstSource, Inc. bank term loan FRN 4.75%, 7/31/22	3,919,918	3,937,557
Chemours Co. (The) bank term loan FRN Ser. B, 3.75%, 5/12/22	3,715,984	3,674,180
Coveris Holdings SA bank term loan FRN Ser. B, 4.50%, 5/8/19	4,264,744	4,243,420
Forterra Finance, LLC bank term loan FRN 4.50%, 10/25/23	4,350,000	4,350,000
GCP Applied Technologies, Inc. bank term loan FRN Ser. B, 4.00%, 2/3/22	1,990,000	2,004,925
HD Supply, Inc. bank term loan FRN Ser. B, 3.75%, 10/17/23	3,970,000	3,983,649
Huntsman International, LLC bank term loan FRN Ser. B2, 3.75%, 4/1/23	4,000,000	4,015,000
Ineos US Finance, LLC bank term loan FRN 3.75%, 5/4/18	2,288,662	2,290,568
Kraton Polymers, LLC/Kraton Polymers Capital Corp. bank term loan FRN Ser. B , 6.00%, 1/6/22	4,765,000	4,790,150
MacDermid, Inc. bank term loan FRN Ser. B, 5.00%, 6/7/23	2,000,000	2,011,666
Multi Packaging Solutions, Ltd. bank term loan FRN Ser. D, 4.25%, 10/3/23 (United Kingdom)	2,500,000	2,500,000
Neon Holding Co., LLC bank term loan FRN Ser. B, 5.25%, 6/9/23	997,500	1,004,981
Novelis, Inc. bank term loan FRN Ser. B, 4.00%, 6/2/22	3,950,000	3,955,759
Oxbow Carbon & Minerals, LLC bank term loan FRN 8.00%, 1/19/20	1,000,000	970,000
PQ Corp. bank term loan FRN Ser. B, 5.25%, 11/4/22	1,995,000	2,004,560
Quikrete Holdings, Inc. bank term loan FRN Ser. B, 4.00%, 11/4/23	6,500,000	6,516,250
Solenis International LP bank term loan FRN 7.75%, 7/31/22	2,000,000	1,936,250
Solenis International LP bank term loan FRN 4.25%, 7/31/21	3,491,525	3,477,461
TMS International Corp. bank term loan FRN Ser. B, 4.50%, 10/16/20	4,785,971	4,738,111
Trinseo Materials Operating SCA bank term loan FRN Ser. B, 4.25%, 11/5/21	1,975,000	1,983,024
Univar, Inc. bank term loan FRN Ser. B, 4.25%, 7/1/22	3,964,962	3,972,397
Zekelman Industries, Inc. bank term loan FRN Ser. B, 6.00%, 6/14/21	2,653,350	2,659,983
		76,010,139
Broadcasting (3.5%)
Entercom Radio, LLC bank term loan FRN Ser. B, 4.50%, 11/1/23	2,000,000	2,007,500
iHeartCommunications, Inc. bank term loan FRN Ser. D, 7.274%, 1/30/19	7,105,000	5,461,969
Media General, Inc. bank term loan FRN 4.00%, 7/31/20	2,506,173	2,505,055
Sinclair Television Group, Inc. bank term loan FRN Ser. B, 3.00%, 4/9/20	3,879,630	3,885,449
Townsquare Media, Inc. bank term loan FRN Ser. B, 4.25%, 4/1/22	2,797,566	2,785,909
Tribune Media Co. bank term loan FRN Ser. B, 3.75%, 12/27/20	4,545,611	4,558,870
Univision Communications, Inc. bank term loan FRN 4.00%, 3/1/20	5,894,056	5,889,146
		27,093,898
Building materials (1.2%)
CPG International, Inc. bank term loan FRN Ser. B, 4.75%, 9/30/20	3,619,106	3,628,153
Jeld-Wen, Inc. bank term loan FRN Ser. B, 4.75%, 7/1/22	5,642,785	5,685,106
		9,313,259
Capital goods (6.0%)
Advanced Disposal Services, Inc. bank term loan FRN Ser. B, 3.50%, 10/28/23	3,781,988	3,784,352
Allison Transmission bank term loan FRN Ser. B, 3.25%, 9/23/22	276,033	277,906
Berry Plastics Group, Inc. bank term loan FRN Ser. G, 3.50%, 1/6/21	1,812,222	1,815,745
Berry Plastics Group, Inc. bank term loan FRN Ser. H, 3.75%, 10/1/22	3,428,120	3,443,118
Casella Waste Systems, Inc. bank term loan FRN Ser. B, 4.00%, 10/17/23	4,875,000	4,911,563
Cortes NP Acquistion Corp. bank term loan FRN Ser. B, 6.00%, 9/29/23	5,150,000	5,096,352
Gates Global, LLC/Gates Global Co. bank term loan FRN 4.25%, 7/6/21	7,070,059	7,009,178
GFL Environmental, Inc. bank term loan FRN Ser. B, 3.75%, 9/27/23	4,165,000	4,151,984
Harsco Corp. bank term loan FRN Ser. B, 6.00%, 11/2/23	4,000,000	4,050,000
Manitowac Foodservice, Inc. bank term loan FRN 5.75%, 3/3/23	2,975,846	3,016,764
Reynolds Group Holdings, Inc. bank term loan FRN 4.25%, 2/5/23	3,217,125	3,226,995
TransDigm, Inc. bank term loan FRN Ser. C, 3.75%, 2/28/20	3,852,505	3,851,630
TransDigm, Inc. bank term loan FRN Ser. E, 3.75%, 5/14/22	2,217,873	2,220,991
		46,856,578
Commercial and consumer services (1.2%)
Prime Security Services Borrower, LLC bank term loan FRN Ser. B, 4.75%, 5/2/22	2,992,500	3,012,699
Sabre GLBL, Inc. bank term loan FRN Ser. B, 4.00%, 2/19/19	1,659,503	1,668,146
Travelport Finance Luxembourg Sarl bank term loan FRN Ser. B, 5.00%, 9/2/21	4,569,198	4,590,139
		9,270,984
Communication services (5.5%)
Altice US Finance I Corp. bank term loan FRN Ser. B, 3.75%, 1/25/25	2,000,000	2,005,000
Asurion, LLC bank term loan FRN Ser. B5, 4.75%, 11/3/23	2,500,000	2,516,408
Asurion, LLC bank term loan FRN 8.50%, 3/3/21	2,007,000	2,015,781
Asurion, LLC bank term loan FRN Ser. B1, 5.00%, 5/24/19	552,438	554,706
Asurion, LLC bank term loan FRN Ser. B4, 5.00%, 8/4/22	1,193,919	1,200,784
Charter Communications Operating, LLC bank term loan FRN Ser. E, 3.00%, 7/1/20	1,089,566	1,091,684
Charter Communications Operating, LLC bank term loan FRN Ser. I, 3.50%, 1/24/23	3,980,000	4,009,850
CSC Holdings, LLC bank term loan FRN Ser. B, 3.876%, 9/8/24	3,289,474	3,293,586
Intelsat Jackson Holdings SA bank term loan FRN Ser. B2, 3.75%, 6/30/19	1,839,628	1,769,656
Level 3 Financing, Inc. bank term loan FRN Ser. B1, 4.00%, 1/15/20	5,000,000	5,020,835
LTS Buyer, LLC bank term loan FRN Ser. B, 4.00%, 4/13/20	4,353,750	4,348,308
Numericable US, LLC bank term loan FRN Ser. B7, 5.002%, 1/15/24	4,477,500	4,499,888
SBA Senior Finance II, LLC bank term loan FRN Ser. B, 3.25%, 3/24/21	3,879,886	3,882,311
WideOpenWest Finance, LLC bank term loan FRN Ser. B, 4.50%, 8/19/23	5,000,000	4,994,445
Zayo Group, LLC bank term loan FRN Ser. B, 3.75%, 5/6/21	1,487,200	1,490,918
		42,694,160
Consumer staples (7.1%)
CEC Entertainment, Inc. bank term loan FRN Ser. B, 4.00%, 2/14/21	4,652,700	4,573,772
Ceridian HCM Holding, Inc. bank term loan FRN Ser. B2, 4.50%, 9/15/20	3,561,098	3,500,264
Coty, Inc. bank term loan FRN Ser. B, 3.035%, 10/27/22	1,658,333	1,651,597
Del Monte Foods, Inc. bank term loan FRN 8.25%, 8/18/21	1,000,000	783,333
Del Monte Foods, Inc. bank term loan FRN 4.25%, 2/18/21	2,987,600	2,790,917
Galleria Co. bank term loan FRN Ser. B, 3.75%, 1/26/23	3,333,333	3,341,667
Jacobs Douwe Egberts International BV bank term loan FRN Ser. B, 3.25%, 7/2/22	2,301,387	2,301,387
JBS USA, LLC bank term loan FRN 4.00%, 9/18/22	2,481,250	2,476,082
JBS USA, LLC bank term loan FRN 3.75%, 9/17/20	1,455,000	1,452,272
Landry's, Inc. bank term loan FRN Ser. B, 4.00%, 10/4/23	3,750,000	3,771,094
Libbey Glass, Inc. bank term loan FRN Ser. B, 3.75%, 4/9/21	4,108,547	4,111,969
Maple Holdings Acquistion Corp. bank term loan FRN Ser. B, 5.25%, 3/3/23	3,879,840	3,918,638
Restaurant Brands International, Inc. bank term loan FRN Ser. B, 3.75%, 12/12/21	5,899,249	5,929,973
Revlon Consumer Products Corp. bank term loan FRN Ser. B, 4.25%, 9/7/23	6,065,000	6,070,052
Rite Aid Corp. bank term loan FRN 5.75%, 8/21/20	1,900,000	1,905,345
Rite Aid Corp. bank term loan FRN 4.875%, 6/21/21	2,000,000	2,004,500
Yum! Brands, Inc. bank term loan FRN Ser. B, 3.281%, 6/16/23	4,987,500	5,022,413
		55,605,275
Energy (2.7%)
American Energy-Marcellus, LLC bank term loan FRN 5.25%, 8/4/20	1,850,000	946,584
Chesapeake Energy Corp. bank term loan FRN 8.50%, 8/23/21	5,383,000	5,703,289
EP Energy, LLC bank term loan FRN 9.75%, 6/30/21	2,486,333	2,520,520
MEG Energy Corp. bank term loan FRN Ser. B, 3.75%, 3/31/20	3,986,870	3,717,756
Paragon Offshore Finance Co. bank term loan FRN Ser. B, 5.25%, 7/18/21	4,937,500	1,761,043
Samson Investment Co. bank term loan FRN 6.50%, 9/25/18 (In default)(NON)	4,000,000	880,000
Tervita Corp. bank term loan FRN Ser. B, 6.25%, 5/15/18	1,772,451	1,750,295
Western Refining, Inc. bank term loan FRN Ser. B2, 5.50%, 6/23/23	3,630,900	3,639,977
		20,919,464
Entertainment (0.4%)
VGD Merger Sub, LLC bank term loan FRN 8.50%, 8/18/24	720,000	726,000
VGD Merger Sub, LLC bank term loan FRN 5.00%, 8/18/23	2,595,000	2,611,759
		3,337,759
Financials (3.7%)
Alliant Holdings I, LLC bank term loan FRN Ser. B, 4.753%, 8/14/22	3,950,000	3,947,531
Alliant Holdings I, LLC bank term loan FRN Ser. B2, 5.253%, 8/14/22	997,500	1,001,864
Altisource Solutions Sarl bank term loan FRN Ser. B, 4.50%, 12/9/20	4,818,269	4,661,675
Capital Automotive LP bank term loan FRN 6.00%, 4/29/20	2,500,000	2,510,938
ESH Hospitality, Inc. bank term loan FRN Ser. B, 3.75%, 8/30/23	4,140,000	4,169,324
HUB International, Ltd. bank term loan FRN Ser. B, 4.00%, 10/2/20	3,832,028	3,828,438
iStar, Inc. bank term loan FRN Ser. B, 5.50%, 7/1/20	2,992,049	3,025,709
Starwood Property Trust, Inc. bank term loan FRN 3.50%, 4/19/20	3,613,179	3,613,179
USI, Inc./NY bank term loan FRN Ser. B, 4.25%, 12/27/19	2,350,900	2,349,431
		29,108,089
Gaming and lottery (5.8%)
Amaya Holdings BV bank term loan FRN 5.00%, 8/1/21	2,940,281	2,937,341
American Casino & Entertainment Properties, LLC bank term loan FRN Ser. B, 4.25%, 7/7/22	3,835,805	3,845,395
Boyd Gaming Corp. bank term loan FRN Ser. B2, 3.446%, 9/15/23	2,400,000	2,412,499
Caesars Entertainment Operating Co., Inc. bank term loan FRN Ser. B6, 11.25%, 3/1/17 (In default)(NON)	3,380,313	3,718,344
CBAC Borrower, LLC bank term loan FRN Ser. B, 8.25%, 7/2/20	2,233,125	2,194,045
CCM Merger, Inc. bank term loan FRN Ser. B, 4.50%, 8/9/21	949,769	952,144
CCM Merger, Inc. bank term loan FRN Ser. B, 4.00%, 8/9/21	1,709,717	1,713,991
Eldorado Resorts, Inc. bank term loan FRN Ser. B, 4.25%, 7/23/22	4,937,500	4,960,129
Gateway Casinos & Entertainment, Inc. bank term loan FRN Ser. B, 5.25%, 11/26/19 (Canada)	3,880,000	2,830,641
Golden Nugget, Inc. bank term loan FRN 4.50%, 11/21/19	2,196,246	2,216,836
Golden Nugget, Inc. bank term loan FRN 4.50%, 11/21/19	941,248	950,073
Penn National Gaming, Inc. bank term loan FRN Ser. B, 3.25%, 10/30/20	3,646,875	3,648,698
Scientific Games International, Inc. bank term loan FRN Ser. B2, 6.00%, 10/1/21	7,383,712	7,442,553
Yonkers Racing Corp. bank term loan FRN 4.25%, 8/20/19	3,367,798	3,339,734
Yonkers Racing Corp. bank term loan FRN 8.75%, 8/20/20	2,000,000	1,986,250
		45,148,673
Health care (10.4%)
Acadia Healthcare Co., Inc. bank term loan FRN Ser. B2, 3.75%, 2/16/23	3,473,750	3,471,579
Akorn, Inc. bank term loan FRN Ser. B, 5.25%, 4/16/21	4,776,675	4,812,500
AMAG Pharmaceuticals, Inc. bank term loan FRN Ser. B, 4.75%, 8/17/21	3,728,750	3,710,106
CHS/Community Health Systems, Inc. bank term loan FRN Ser. H, 4.00%, 1/27/21	6,401,581	6,024,343
Concordia International Corp. bank term loan FRN Ser. B, 5.25%, 10/21/21	3,974,975	3,319,104
DPx Holdings BV bank term loan FRN Ser. B, 4.25%, 3/11/21	5,545,412	5,528,776
Endo Luxembourg Finance Co. I SARL bank term loan FRN Ser. B, 3.75%, 9/25/22	2,992,462	2,973,293
Envision Healthcare Corp. bank term loan FRN Ser. B, 4.25%, 5/25/18	3,907,165	3,908,388
Envision Healthcare Corp./CO bank term loan FRN Ser. B, 3.75%, 11/15/23	5,000,000	5,004,165
Grifols Worldwide Operations USA, Inc. bank term loan FRN 3.449%, 2/27/21	3,550,844	3,577,134
IASIS Healthcare, LLC bank term loan FRN Ser. B, 4.50%, 5/3/18	2,618,582	2,577,667
Kinetic Concepts, Inc. bank term loan FRN Ser. F1, 5.00%, 11/4/20	3,795,103	3,719,201
Multiplan, Inc. bank term loan FRN Ser. B, 5.00%, 6/7/23	5,664,092	5,722,755
Ortho-Clinical Diagnostics, Inc. bank term loan FRN Ser. B, 4.75%, 6/30/21	5,379,592	5,256,028
Pharmaceutical Product Development, LLC bank term loan FRN 4.25%, 8/18/22	5,268,313	5,275,994
Pharmaceutical Product Development, LLC bank term loan FRN Ser. B, 4.25%, 8/18/22	1,000,000	1,001,458
Sterigenics-Nordion Holdings, LLC bank term loan FRN Ser. B, 4.25%, 5/15/22	4,950,000	4,931,438
Surgical Care Affiliates, Inc. bank term loan FRN Ser. B, 3.75%, 3/17/22	3,455,000	3,463,638
Valeant Pharmaceuticals International, Inc. bank term loan FRN Ser. BD, 5.00%, 2/13/19	1,860,845	1,841,849
Valeant Pharmaceuticals International, Inc. bank term loan FRN Ser. C2, 5.25%, 12/11/19	4,110,845	4,070,591
		80,190,007
Homebuilding (0.3%)
American Builders & Contractors Supply Co., Inc. bank term loan FRN Ser. B, 3.50%, 10/31/23	2,000,000	2,006,666
		2,006,666
Leisure (0.6%)
Steinway Musical Instruments, Inc. bank term loan FRN 4.75%, 9/19/19	4,817,126	4,636,484
		4,636,484
Lodging/Tourism (2.6%)
Caesars Growth Properties Holdings, LLC bank term loan FRN 6.25%, 5/8/21	5,237,305	5,237,305
CityCenter Holdings, LLC bank term loan FRN Ser. B, 4.25%, 10/16/20	4,492,213	4,523,097
Diamond Resorts International, Inc. bank term loan FRN Ser. B, 7.00%, 9/2/23	3,790,000	3,745,782
Hilton Worldwide Finance, LLC bank term loan FRN Ser. B, 3.50%, 10/26/20	313,466	314,418
Hilton Worldwide Finance, LLC bank term loan FRN Ser. B2, 3.097%, 10/25/23	3,204,483	3,224,511
MGM Growth Properties Operating Partnership LP bank term loan FRN Ser. B, 4.00%, 4/25/23	2,985,000	2,994,328
		20,039,441
Media (1.6%)
Getty Images, Inc. bank term loan FRN Ser. B, 4.75%, 10/18/19	5,622,573	4,850,875
Nielsen Finance, LLC bank term loan FRN Ser. B3, 2.50%, 10/4/23	3,000,000	3,012,189
Viacom, Inc. bank term loan FRN Ser. B, 4.50%, 10/17/23	4,787,736	4,810,181
		12,673,245
Retail (5.3%)
Academy, Ltd. bank term loan FRN Ser. B, 5.00%, 7/2/22	6,210,994	5,714,115
Bass Pro Group, LLC bank term loan FRN Ser. B, 5.75%, 11/14/23	3,000,000	2,976,429
Bass Pro Group, LLC bank term loan FRN Ser. B, 4.00%, 6/5/20	3,940,000	3,917,838
Family Tree Escrow, LLC bank term loan FRN Ser. B, 3.063%, 7/6/22	263,939	266,249
J Crew Group, Inc. bank term loan FRN Ser. B, 4.00%, 3/5/21	1,916,987	1,223,676
JC Penny Corp., Inc. bank term loan FRN Ser. B, 5.25%, 6/23/23	2,981,250	2,990,566
Jo-Ann Stores, LLC bank term loan FRN 6.00%, 9/29/23	5,000,000	4,968,750
Leslie's Poolmart, Inc. bank term loan FRN Ser. B, 5.25%, 8/16/23	2,000,000	2,010,000
Neiman Marcus Group, Ltd., Inc. bank term loan FRN 4.25%, 10/25/20	7,241,686	6,561,873
Petco Animal Supplies, Inc. bank term loan FRN Ser. B1, 5.00%, 1/26/23	6,699,375	6,744,971
Talbots, Inc. (The) bank term loan FRN 9.50%, 3/19/21	1,823,820	1,691,593
Talbots, Inc. (The) bank term loan FRN 5.50%, 3/19/20	2,710,780	2,645,269
		41,711,329
Technology (7.5%)
Avago Technologies Cayman Finance, Ltd. bank term loan FRN Ser. B3, 3.524%, 2/1/23	3,508,540	3,538,692
Avaya, Inc. bank term loan FRN Ser. B6, 6.50%, 3/31/18	2,114,363	1,845,663
Avaya, Inc. bank term loan FRN Ser. B7, 6.25%, 5/29/20	2,446,925	2,098,238
BMC Software, Inc. bank term loan FRN 5.00%, 9/10/20	4,688,889	4,579,483
CommScope, Inc. bank term loan FRN Ser. B, 3.25%, 12/29/22	3,960,000	3,972,375
Dell International, LLC bank term loan FRN Ser. B, 4.00%, 9/7/23	5,000,000	5,040,625
Diebold, Inc. bank term loan FRN Ser. B, 5.25%, 11/6/23	1,600,000	1,617,000
First Data Corp. bank term loan FRN 3.524%, 3/24/21	4,315,826	4,331,113
First Data Corp. bank term loan FRN Ser. B, 4.272%, 7/10/22	932,953	936,322
Inception Merger Sub, Inc. bank term loan FRN Ser. B, 5.00%, 10/26/23	6,150,000	6,193,929
Infor US, Inc. bank term loan FRN Ser. B5, 3.75%, 6/3/20	6,434,551	6,419,468
Krono's, Inc. bank term loan FRN 9.25%, 11/1/24	1,498,000	1,532,240
Krono's, Inc. bank term loan FRN 5.00%, 11/1/23	4,556,000	4,561,126
Micron Technology, Inc. bank term loan FRN Ser. B, 6.00%, 4/26/22	1,000,000	1,011,000
NXP BV bank term loan FRN Ser. F, 3.50%, 12/7/20	2,000,000	2,005,626
ON Semiconductor Corp. bank term loan FRN Ser. B, 3.25%, 3/31/23	4,500,000	4,521,875
Solera, LLC bank term loan FRN Ser. B, 5.75%, 3/3/23	2,500,000	2,522,570
Syniverse Holdings, Inc. bank term loan FRN 4.00%, 4/23/19	2,368,572	2,119,872
		58,847,217
Tire and rubber (0.2%)
American Tire Distributors , Inc. bank term loan FRN 5.25%, 9/26/21	1,863,950	1,835,990
		1,835,990
Transportation (0.7%)
Air Medical Group Holdings, Inc. bank term loan FRN Ser. B, 4.25%, 4/28/22	4,825,375	4,772,296
Livingston International, Inc. bank term loan FRN 8.25%, 4/18/20 (Canada)	332,087	302,199
		5,074,495
Utilities and power (3.4%)
Calpine Construction Finance Co. LP bank term loan FRN Ser. B, 3.00%, 5/3/20	2,322,000	2,294,717
Calpine Construction Finance Co. LP bank term loan FRN Ser. B2, 3.25%, 1/31/22	2,747,828	2,720,350
Dynegy, Inc. bank term loan FRN Ser. C, 5.00%, 6/27/23	3,500,000	3,512,397
Energy Future Intermediate Holding Co., LLC bank term loan FRN 4.25%, 6/30/17	1,761,417	1,768,903
Energy Transfer Equity LP bank term loan FRN Ser. C, 4.042%, 12/2/19	5,570,000	5,568,012
NRG Energy, Inc. bank term loan FRN Ser. B, 3.50%, 6/30/23	5,236,875	5,247,783
Tex Operations Co., LLC bank term loan FRN Ser. B, 5.00%, 8/4/23	3,004,714	3,025,372
Tex Operations Co., LLC bank term loan FRN Ser. C, 5.00%, 8/4/23	685,286	689,997
Texas Competitive Electric Holdings Co., LLC bank term loan FRN 4.998%, 10/10/17	6,830,362	1,989,343
		26,816,874
Total senior loans (cost $649,276,117)		$634,554,706
CORPORATE BONDS AND NOTES (13.8%)(a)
	Principal amount	Value
Basic materials (1.4%)
ArcelorMittal SA sr. unsec. unsub. bonds 10.85%, 6/1/19 (France)	$1,288,000	$1,513,400
Cemex Finance, LLC 144A company guaranty sr. notes 9.375%, 10/12/22 (Mexico)	1,600,000	1,734,000
Cemex SAB de CV 144A company guaranty sr. sub. FRN 5.63%, 10/15/18 (Mexico)	1,500,000	1,558,125
First Quantum Minerals, Ltd. 144A company guaranty sr. unsec. notes 7.25%, 10/15/19 (Canada)	750,000	754,688
First Quantum Minerals, Ltd. 144A company guaranty sr. unsec. notes 6.75%, 2/15/20 (Canada)	679,000	671,361
GCP Applied Technologies, Inc. 144A company guaranty sr. unsec. notes 9.50%, 2/1/23	1,000,000	1,132,500
Glencore Funding, LLC 144A company guaranty sr. unsec. unsub. notes 2.50%, 1/15/19	222,000	220,335
HudBay Minerals, Inc. company guaranty sr. unsec. notes 9.50%, 10/1/20 (Canada)	991,000	1,043,028
Huntsman International, LLC company guaranty sr. unsec. unsub. notes 4.875%, 11/15/20	1,000,000	1,027,500
Mercer International, Inc. company guaranty sr. unsec. notes 7.00%, 12/1/19 (Canada)	1,250,000	1,287,500
		10,942,437
Capital goods (1.3%)
American Axle & Manufacturing, Inc. company guaranty sr. unsec. notes 7.75%, 11/15/19	686,000	759,745
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. 144A company guaranty sr. FRN 4.156%, 5/15/21 (Ireland)	4,000,000	4,084,993
Briggs & Stratton Corp. company guaranty sr. unsec. notes 6.875%, 12/15/20	680,000	746,300
Reynolds Group Issuer, Inc./Reynolds Group Issuer, LLC/Reynolds Group Issuer Lu 144A company guaranty sr. FRN 4.38%, 7/15/21	3,240,000	3,308,850
ZF North America Capital, Inc. 144A company guaranty sr. unsec. unsub. notes 4.00%, 4/29/20	1,250,000	1,293,750
		10,193,638
Communication services (1.6%)
AT&T, Inc. sr. unsec. unsub. FRN 1.768%, 6/30/20	2,000,000	2,001,420
CSC Holdings, LLC sr. unsec. unsub. notes 8.625%, 2/15/19	1,250,000	1,378,125
Digicel, Ltd. 144A sr. unsec. notes 7.00%, 2/15/20 (Jamaica)	1,900,000	1,783,625
DISH DBS Corp. company guaranty sr. unsec. unsub. notes 4.25%, 4/1/18	1,062,000	1,083,240
Sprint Communications, Inc. 144A company guaranty sr. unsec. notes 9.00%, 11/15/18	1,000,000	1,098,750
Sprint Spectrum Co., LLC/Sprint Spectrum Co. II, LLC/Sprint Spectrum Co. III, LL 144A company guaranty sr. notes 3.36%, 9/20/21	2,480,000	2,486,200
T-Mobile USA, Inc. company guaranty sr. unsec. bonds 6.542%, 4/28/20	1,500,000	1,548,282
WideOpenWest Finance, LLC/WideOpenWest Capital Corp. company guaranty sr. unsec. sub. notes 10.25%, 7/15/19	1,500,000	1,578,750
		12,958,392
Conglomerates (0.2%)
General Electric Capital Co. sr. unsec. unsub. FRN Ser. MTN, 1.261%, 5/5/26	2,000,000	1,933,334
		1,933,334
Consumer cyclicals (1.6%)
Brookfield Residential Properties, Inc. 144A company guaranty sr. unsec. notes 6.50%, 12/15/20 (Canada)	740,000	751,100
CalAtlantic Group, Inc. company guaranty sr. unsec. notes 8.375%, 5/15/18	1,000,000	1,085,000
Clear Channel Worldwide Holdings, Inc. company guaranty sr. unsec. sub. notes 7.625%, 3/15/20	1,000,000	982,500
Ford Motor Credit Co., LLC sr. unsec. unsub. FRB 1.806%, 11/4/19	2,150,000	2,160,858
General Motors Financial Co., Inc. company guaranty sr. unsec. FRN 2.44%, 1/15/20	2,275,000	2,294,030
General Motors Financial Co., Inc. company guaranty sr. unsec. unsub. FRB 2.94%, 1/15/19	463,000	473,794
GLP Capital LP/GLP Financing II, Inc. company guaranty sr. unsec. sub. notes 4.375%, 11/1/18	2,000,000	2,070,000
Jack Ohio Finance, LLC/Jack Ohio Finance 1 Corp. 144A company guaranty sr. notes 6.75%, 11/15/21	2,545,000	2,551,363
Standard Industries, Inc./NJ 144A sr. unsec. notes 5.125%, 2/15/21	160,000	166,400
		12,535,045
Consumer staples (0.6%)
Anheuser-Busch InBev Finance, Inc. company guaranty sr. unsec. unsub. notes 1.90%, 2/1/19	3,000,000	2,999,958
Hertz Corp. (The) company guaranty sr. unsec. notes 4.25%, 4/1/18	1,298,000	1,294,755
		4,294,713
Energy (1.0%)
Cenovus Energy, Inc. sr. unsec. notes 5.70%, 10/15/19 (Canada)	1,000,000	1,063,772
CHC Helicopter SA company guaranty sr. notes 9.25%, 10/15/20 (Canada) (In default)(NON)	1,120,500	549,045
Halcon Resources Corp. 144A company guaranty notes 8.625%, 2/1/20	1,470,000	1,499,400
Seven Generations Energy, Ltd. 144A sr. unsec. sub. notes 8.25%, 5/15/20 (Canada)	700,000	742,000
Shell International Finance BV company guaranty sr. unsec. unsub. FRN 1.352%, 5/11/20 (Netherlands)	2,025,000	2,027,349
WPX Energy, Inc. sr. unsec. notes 7.50%, 8/1/20	1,722,000	1,816,710
		7,698,276
Financials (4.2%)
Ally Financial, Inc. company guaranty sr. unsec. notes 4.75%, 9/10/18	2,000,000	2,055,200
Bank of America Corp. sr. unsec. notes 5.75%, 12/1/17	2,000,000	2,077,900
Barclays PLC sr. unsec. unsub. FRN 2.992%, 8/10/21 (United Kingdom)	2,000,000	2,049,904
CIT Group, Inc. 144A sr. unsec. notes 5.50%, 2/15/19	1,500,000	1,583,438
Citigroup, Inc. sr. unsec. FRN 2.255%, 9/1/23	3,000,000	3,013,425
CNO Financial Group, Inc. sr. unsec. unsub. notes 4.50%, 5/30/20	1,000,000	1,026,250
Goldman Sachs Group, Inc. (The) sr. unsec. unsub. FRB Ser. GMTN, 2.64%, 10/28/27	3,000,000	3,027,237
iStar, Inc. company guaranty sr. unsec. unsub. notes 4.875%, 7/1/18(R)	2,000,000	1,985,000
JPMorgan Chase & Co. jr. unsec. sub. FRN 7.90%, perpetual maturity	3,000,000	3,063,750
Mitsubishi UFJ Financial Group, Inc. sr. unsec. unsub. FRN 1.912%, 9/13/21 (Japan)	3,000,000	3,001,923
Nationstar Mortgage, LLC/Nationstar Capital Corp. company guaranty sr. unsec. sub. notes 6 1/2s, 8/1/18	1,790,000	1,812,375
OneMain Financial Holdings, LLC 144A company guaranty sr. unsec. sub. notes 6.75%, 12/15/19	2,000,000	2,035,000
Royal Bank of Scotland Group PLC sr. unsec. unsub. FRB 1.778%, 3/31/17 (United Kingdom)	1,149,000	1,148,994
TMX Finance, LLC/TitleMax Finance Corp. 144A company guaranty sr. notes 8.50%, 9/15/18	1,500,000	1,230,000
Wells Fargo & Co. sr. unsec. unsub. FRN 2.175%, 3/4/21	2,000,000	2,045,992
Wells Fargo Bank, NA sr. unsec. FRN Ser. BKNT, 1.622%, 1/22/18	2,000,000	2,011,496
		33,167,884
Health care (0.9%)
Actavis Funding SCS company guaranty sr. unsec. unsub. FRN 2.10%, 3/12/20 (Luxembourg)	2,000,000	2,029,036
CHS/Community Health Systems, Inc. company guaranty sr. sub. notes 5.125%, 8/15/18	201,000	195,975
Tenet Healthcare Corp. company guaranty sr. FRN 4.35%, 6/15/20	1,805,000	1,805,000
Tenet Healthcare Corp. company guaranty sr. notes 6.25%, 11/1/18	1,268,000	1,321,890
Valeant Pharmaceuticals International, Inc. 144A company guaranty sr. unsec. notes 6.75%, 8/15/18	1,500,000	1,421,250
		6,773,151
Technology (0.4%)
Avaya, Inc. 144A company guaranty sr. notes 7.00%, 4/1/19	2,000,000	1,742,500
Iron Mountain, Inc. 144A company guaranty sr. unsec. notes 6.00%, 10/1/20(R)	1,235,000	1,299,838
		3,042,338
Utilities and power (0.6%)
AES Corp./Virginia (The) sr. unsec. FRN 3.842%, 6/1/19	980,000	972,650
Dynegy, Inc. company guaranty sr. unsec. notes 6.75%, 11/1/19	1,500,000	1,515,000
Kinder Morgan, Inc. company guaranty sr. unsec. unsub. notes 3.05%, 12/1/19	2,000,000	2,019,878
		4,507,528
Total corporate bonds and notes (cost $108,725,983)		$108,046,736
COMMON STOCKS (0.1%)(a)
	Shares	Value
Tribune Media Co. Class 1C(F)	591,290	$147,822
Vantage Drilling International (Units) (Cayman Islands)(NON)	5,979	514,194
Total common stocks (cost $572,522)		$662,016
SHORT-TERM INVESTMENTS (10.1%)(a)
	Shares	Value
Putnam Short Term Investment Fund 0.50%(AFF)	78,800,235	$78,800,235
Total short-term investments (cost $78,800,235)		$78,800,235
TOTAL INVESTMENTS
Total investments (cost $837,374,857)(b)		$822,063,693

FORWARD CURRENCY CONTRACTS at 11/30/16 (aggregate face value $2,982,545) (Unaudited)
						Unrealized
		Contract	Delivery		Aggregate	appreciation/
Counterparty	Currency	type	date	Value	face value	(depreciation)
Citibank, N.A.
	Canadian Dollar	Buy	1/18/17	$70,091	$71,747	$(1,656)
	Canadian Dollar	Sell	1/18/17	70,091	71,425	1,334
HSBC Bank USA, National Association
	Canadian Dollar	Buy	1/18/17	104,205	105,013	(808)
	Canadian Dollar	Sell	1/18/17	104,205	106,610	2,405
JPMorgan Chase Bank N.A.
	Canadian Dollar	Sell	1/18/17	744,782	761,208	16,426
UBS AG
	Canadian Dollar	Sell	1/18/17	1,824,525	1,866,542	42,017
Total						$59,718

Key to holding's abbreviations
BKNT	Bank Note
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

	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 1, 2016 through November 30, 2016 (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 $780,304,347.
(b)	The aggregate identified cost on a tax basis is $837,432,399, resulting in gross unrealized appreciation and depreciation of $6,431,692 and $21,800,398, respectively, or net unrealized depreciation of $15,368,706.
(NON)	This security is non-income-producing.
(AFF)	Affiliated company. For investments in Putnam Short Term Investment Fund, 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 any company which is under common ownership or control were as follows:
	Name of affiliate	Fair value at the beginning of the reporting period	Purchase cost	Sale proceeds	Investment income	Fair value at the end of the reporting period
	Putnam Short Term Investment Fund *	$41,683,464	$214,099,159	$176,982,388	$211,219	$78,800,235
	Totals	$41,683,464	$214,099,159	$176,982,388	$211,219	$78,800,235
	* Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management.
(c)	Senior loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for senior loans are the current interest rates at the close of the reporting period. Senior loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown. Senior loans are purchased or sold on a when-issued or delayed delivery basis and may be settled a month or more after the trade date, which from time to time can delay the actual investment of available cash balances; interest income is accrued based on the terms of the securities.
	Senior loans can be acquired through an agent, by assignment from another holder of the loan, or as a participation interest in another holder's portion of the loan. When the fund invests in a loan or participation, the fund is subject to the risk that an intermediate participant between the fund and the borrower will fail to meet its obligations to the fund, in addition to the risk that the borrower under the loan may default on its obligations.
(F)	This security is valued by Putnam Management 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.
	At the close of the reporting period, the fund maintained liquid assets totaling $322 to cover certain derivative contracts.
	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.
	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.
	Senior loans are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees. Such services use information with respect to transactions in senior loans, quotations from senior loan dealers, market transactions in comparable securities and various relationships between securities in determining value. These securities will generally be categorized as Level 2.
	Market quotations are not considered to be readily available for certain debt obligations (including short-term investments with remaining maturities of 60 days or less); 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 prices, yields, maturities and ratings). These securities will generally be categorized as Level 2.
	Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities, 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 at a given point in time 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 for hedging currency exposures.
	The U.S. dollar value of forward currency contracts is determined using current forward currency exchange rates supplied by a quotation service. The fair value of the contract will fluctuate with changes in currency exchange rates. The contract is marked to market daily and the change in fair 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, is 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 $322 on open derivative contracts subject to the Master Agreements. There was no collateral posted by the fund at period end 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 cyclicals	$—	$—	$147,822
Energy	514,194	—	—
Total common stocks	514,194	—	147,822
Corporate bonds and notes	—	108,046,736	—
Senior loans	—	634,554,706	—
Short-term investments	78,800,235	—	—
Totals by level	$79,314,429	$742,601,442	$147,822
		Valuation inputs
Other financial instruments:	Level 1	Level 2	Level 3
Forward currency contracts	$—	$59,718	$—
Totals by level	$—	$59,718	$—
* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation.
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.
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.
Fair Value 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	Fair value	Fair value
Foreign exchange contracts	$62,182	$2,464
Total	$62,182	$2,464
The 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 based on an average of the holdings of that derivative at the end of each fiscal quarter in the reporting period:
Forward currency contracts (contract amount)		$3,300,000

	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.
		Citibank, N.A.	HSBC Bank USA, National Association	JPMorgan Chase Bank N.A.	UBS AG	Total
	Assets:
	Forward currency contracts#	$1,334	$2,405	$16,426	$42,017	$62,182
	Total Assets	$1,334	$2,405	$16,426	$42,017	$62,182
	Liabilities:
	Forward currency contracts#	1,656	808	—	—	2,464
	Total Liabilities	$1,656	$808	$—	$—	$2,464
	Total Financial and Derivative Net Assets	$(322)	$1,597	$16,426	$42,017	$59,718
	Total collateral received (pledged)##†	$—	$—	$—	$—
	Net amount	$(322)	$1,597	$16,426	$42,017
†	Additional collateral may be required from certain brokers based on individual agreements.
#	Covered by master netting agreement.
##	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: January 26, 2017

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: January 26, 2017

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Financial Officer
Date: January 26, 2017