N-Q

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: 100 Federal Street, Boston, Massachusetts 02110

Name and address of agent for service: Robert T. Burns, Vice President
100 Federal Street
Boston, Massachusetts 02110

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: August 31, 2019

Date of reporting period: November 30, 2018

Item 1. Schedule of Investments:

Putnam Global Consumer Fund

The fund's portfolio

11/30/18 (Unaudited)

COMMON STOCKS (98.1%)(a)
	Shares	Value
Beverages (2.7%)
Anheuser-Busch InBev SA/NV (Belgium)	19,579	$1,506,967
		1,506,967
Chemicals (5.2%)
Sherwin-Williams Co. (The)	6,845	2,902,759
		2,902,759
Entertainment (1.3%)
Nintendo Co., Ltd. (Japan)	2,300	701,896
		701,896
Equity real estate investment trusts (REITs) (3.9%)
Gaming and Leisure Properties, Inc.	63,777	2,195,842
		2,195,842
Food and staples retail (3.5%)
Walgreens Boots Alliance, Inc.	22,700	1,922,009
		1,922,009
Food products (7.2%)
Associated British Foods PLC (United Kingdom)	72,309	2,235,092
Kraft Heinz Co. (The)	34,573	1,767,372
		4,002,464
Hotels, restaurants, and leisure (14.3%)
Compass Group PLC (United Kingdom)	106,145	2,271,325
Hilton Worldwide Holdings, Inc.	21,107	1,594,423
MGM China Holdings, Ltd. (Hong Kong)	1,409,200	2,419,662
Wynn Resorts, Ltd.	15,046	1,646,032
		7,931,442
Interactive media and services (1.5%)
Rightmove PLC (United Kingdom)	148,214	826,952
		826,952
Internet and direct marketing retail (14.2%)
Amazon.com, Inc.(NON)	3,639	6,150,529
Booking Holdings, Inc.(NON)	614	1,161,614
MakeMyTrip, Ltd. (India)(NON)(S)	23,091	577,044
		7,889,187
Leisure products (4.1%)
Hasbro, Inc.	25,171	2,290,561
		2,290,561
Media (13.6%)
Charter Communications, Inc. Class A(NON)	11,196	3,685,723
Discovery, Inc. Class C(NON)	36,473	1,018,691
Liberty Media Corp.-Liberty SiriusXM Class C(NON)	71,905	2,884,829
		7,589,243
Personal products (9.2%)
Coty, Inc. Class A	57,383	478,574
Shiseido Co., Ltd. (Japan)	24,300	1,547,946
Unilever NV ADR (Netherlands)	56,176	3,119,681
		5,146,201
Real estate management and development (2.9%)
Realogy Holdings Corp.(S)	82,814	1,594,998
		1,594,998
Specialty retail (11.8%)
CarMax, Inc.(NON)(S)	47,343	3,127,952
Home Depot, Inc. (The)	12,695	2,289,162
O'Reilly Automotive, Inc.(NON)	3,271	1,134,317
		6,551,431
Textiles, apparel, and luxury goods (2.7%)
adidas AG ADR (Germany)	13,518	1,496,714
		1,496,714
Total common stocks (cost $46,818,227)		$54,548,666

SHORT-TERM INVESTMENTS (9.0%)(a)
		Principal amount/shares	Value
Putnam Cash Collateral Pool, LLC 2.43%(AFF)	Shares	4,904,750	$4,904,750
Putnam Short Term Investment Fund 2.37%(AFF)	Shares	1,379	1,379
U.S. Treasury Bills 2.261%, 1/10/19(SEGSF)		$112,000	111,736
Total short-term investments (cost $5,017,852)			$5,017,865
TOTAL INVESTMENTS
Total investments (cost $51,836,079)			$59,566,531

	FORWARD CURRENCY CONTRACTS at 11/30/18 (aggregate face value $20,610,037) (Unaudited)
	Counterparty	Currency	Contract type*	Delivery date	Value	Aggregate face value	Unrealized appreciation/ (depreciation)
	Bank of America N.A.
		British Pound	Buy	12/19/18	$259,536	$265,047	$(5,511)
		British Pound	Sell	12/19/18	259,536	260,405	869
		Canadian Dollar	Buy	1/16/19	243,166	243,951	(785)
		Euro	Buy	12/19/18	285,359	294,024	(8,665)
		Euro	Sell	12/19/18	285,359	294,851	9,492
		Hong Kong Dollar	Sell	2/20/19	1,251,948	1,250,440	(1,508)
		Japanese Yen	Buy	2/20/19	235,524	237,488	(1,964)
	Barclays Bank PLC
		British Pound	Buy	12/19/18	923,360	942,481	(19,121)
		British Pound	Sell	12/19/18	923,360	933,938	10,578
		Euro	Buy	12/19/18	542,036	548,170	(6,134)
		Euro	Sell	12/19/18	542,036	555,649	13,613
		Hong Kong Dollar	Sell	2/20/19	632,269	631,619	(650)
		Norwegian Krone	Buy	12/19/18	122,264	125,449	(3,185)
		Norwegian Krone	Sell	12/19/18	122,264	123,078	814
		Swiss Franc	Buy	12/19/18	2,000,301	2,071,647	(71,346)
	Citibank, N.A.
		Danish Krone	Buy	12/19/18	119,438	123,616	(4,178)
		Euro	Buy	12/19/18	788,055	857,933	(69,878)
		Japanese Yen	Buy	2/20/19	1,004,364	1,012,452	(8,088)
	Goldman Sachs International
		Australian Dollar	Buy	1/16/19	150,750	148,129	2,621
		British Pound	Sell	12/19/18	1,456,206	1,488,353	32,147
		Euro	Buy	12/19/18	94,780	94,399	381
		Euro	Sell	12/19/18	94,780	95,975	1,195
		Japanese Yen	Buy	2/20/19	700,198	706,101	(5,903)
	HSBC Bank USA, National Association
		Euro	Buy	12/19/18	251,801	253,561	(1,760)
		Euro	Sell	12/19/18	251,801	250,392	(1,409)
	JPMorgan Chase Bank N.A.
		Australian Dollar	Buy	1/16/19	371,572	365,218	6,354
		British Pound	Buy	12/19/18	302,133	302,597	(464)
		British Pound	Sell	12/19/18	302,133	307,100	4,967
		Japanese Yen	Buy	2/20/19	1,534,640	1,547,044	(12,404)
		Norwegian Krone	Buy	12/19/18	122,264	123,072	(808)
		Singapore Dollar	Buy	2/20/19	75,723	75,462	261
		Swedish Krona	Buy	12/19/18	477,249	480,223	(2,974)
		Swiss Franc	Buy	12/19/18	396,029	414,961	(18,932)
	State Street Bank and Trust Co.
		Australian Dollar	Buy	1/16/19	247,227	242,967	4,260
		British Pound	Buy	12/19/18	179,953	183,159	(3,206)
		British Pound	Sell	12/19/18	179,953	183,701	3,748
		Canadian Dollar	Sell	1/16/19	319,123	331,825	12,702
		Euro	Buy	12/19/18	491,698	489,730	1,968
		Euro	Sell	12/19/18	491,698	508,275	16,577
		Japanese Yen	Buy	2/20/19	580,569	585,364	(4,795)
		Swedish Krona	Buy	12/19/18	320,406	323,751	(3,345)
		Swedish Krona	Sell	12/19/18	320,406	321,707	1,301
	WestPac Banking Corp.
		Canadian Dollar	Sell	1/16/19	14,166	14,733	567
	Unrealized appreciation						124,415
	Unrealized (depreciation)						(257,013)
	Total						$(132,598)
*	The exchange currency for all contracts listed is the United States Dollar.

	Key to holding's abbreviations
ADR	American Depository Receipts: represents ownership of foreign securities on deposit with a custodian bank
	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 September 1, 2018 through November 30, 2018 (the reporting period). Within the following notes to the portfolio, references to "Putnam Management" represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC, references to "ASC 820" represent Accounting Standards Codification 820 Fair Value Measurements and Disclosures and references to "OTC", if any, represent over-the-counter.
(a)	Percentages indicated are based on net assets of $55,604,015.
(NON)	This security is non-income-producing.
(AFF)	Affiliated company. For investments in Putnam Cash Collateral Pool, LLC and 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 as of 8/31/18	Purchase cost	Sale proceeds	Investment income	Shares outstanding and fair value as of 11/30/18
	Short-term investments
	Putnam Cash Collateral Pool, LLC*#	$3,631,400	$13,241,525	$11,968,175	$26,451	$4,904,750
	Putnam Short Term Investment Fund**	472,691	2,138,045	2,609,357	238	1,379
	Total Short-term investments	$4,104,091	$15,379,570	$14,577,532	$26,689	$4,906,129
	* No management fees are charged to Putnam Cash Collateral Pool, LLC. There were no realized or unrealized gains or losses during the period.
	# The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the fair value of the securities loaned. The fair value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The remaining maturities of the securities lending transactions are considered overnight and continuous. The risk of borrower default will be borne by the fund’s agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. The fund received cash collateral of $4,904,750, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period. At the close of the reporting period, the value of securities loaned amounted to $4,784,045.
	** Management fees charged to Putnam Short Term Investment Fund have been waived by Putnam Management. There were no realized or unrealized gains or losses during the period.
(SEGSF)	This security, in part or in entirety, was pledged and segregated with the custodian for collateral on certain derivative contracts at the close of the reporting period. Collateral at period end totaled $110,711.
(S)	This security is on loan, in part or in entirety, at the close of the reporting period.
	At the close of the reporting period, the fund maintained liquid assets totaling $194,404 to cover certain derivative contracts.
	Unless otherwise noted, the rates quoted in Short-term investments security descriptions represent the weighted average yield to maturity.
	The dates shown on debt obligations are the original maturity dates.
	DIVERSIFICATION BY COUNTRY ⌂
	Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value):
	United States	69.4%
	United Kingdom	9.8
	Netherlands	5.7
	Hong Kong	4.4
	Japan	4.1
	Belgium	2.8
	Germany	2.7
	India	1.1
	Total	100.0%
	⌂ Methodology differs from that used for purposes of complying with the fund’s policy regarding investments in securities of foreign issuers, as discussed further in the fund’s prospectus.
	Security valuation: 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.
	Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security.
	Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares.
	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) 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.
	Many securities markets and exchanges outside the U.S. close prior to the scheduled close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the scheduled close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value certain foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. The foreign equity securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate.
	To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management in accordance with policies and procedures approved by the Trustees. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures, 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.
	Forward currency contracts: The fund buys and sells forward currency contracts, which are agreements between two parties to buy and sell currencies at a set price on a future date. These contracts were used to hedge foreign exchange risk.
	The U.S. dollar value of forward currency contracts is determined using current forward currency exchange rates supplied by a quotation service. The 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 $192,816 on open derivative contracts subject to the Master Agreements. Collateral posted by the fund at period end for these agreements totaled $110,711 and may include amounts related to unsettled 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*:
Communication services	$7,589,243	$1,528,848	$—
Consumer discretionary	21,468,348	4,690,987	—
Consumer staples	4,167,955	8,409,686	—
Materials	2,902,759	—	—
Real estate	3,790,840	—	—
Total common stocks	39,919,145	14,629,521	—
Short-term investments	1,379	5,016,486	—
Totals by level	$39,920,524	$19,646,007	$—
	Valuation inputs
Other financial instruments:	Level 1	Level 2	Level 3
Forward currency contracts	$—	$(132,598)	$—
Totals by level	$—	$(132,598)	$—
* Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation.
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	$124,415	$257,013
Total	$124,415	$257,013
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)	$23,000,000
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 28, 2019

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 28, 2019

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Financial Officer
Date: January 28, 2019

EX-99.CERT

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: January 28, 2019

Jonathan S. Horwitz

Principal Executive Officer

Certifications

I, Janet C. Smith, 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/ Janet C. Smith

_______________________________

Date: January 28, 2019

Janet C. Smith

Principal Financial Officer

Attachment A

NQ

Period (s) ended November 30, 2018

               Putnam Emerging Markets Equity Fund

               Putnam Floating Rate Income Fund

               Putnam Global Consumer Fund

               Putnam Global Financials Fund

               Putnam Global Health Care Fund

               Putnam Global Industrials Fund

               Putnam Global Natural Resources Fund

               Putnam Global Technology Fund

               Putnam Global Communications Fund

               Putnam Global Utilities Fund

               Putnam International Capital Opportunities Fund

               Putnam Mortgage Recovery Fund

               Putnam PanAgora Market Neutral Fund

               Putnam PanAgora Risk Parity Fund

               Putnam PanAgora Managed Futures Strategy

               Putnam Small Cap Value Fund