N-MFP1 0000822671 XXXXXXXX 2016-05-31 0000822671 S000003882 2 N N 033-17486 Putnam Investment Management, LLC 801-07974 Putnam Investment Limited 801-61441 PricewaterhouseCoopers, LLP Boston MA None Putnam Investor Services, Inc. 0001448300 084-06331 N N N Exempt Government N 21 28 96980822.26 96491111.22 96202998.24 97876825.97 100020917.38 99531433.71 99243548.11 98817542.36 0.8041 0.7961 0.7954 0.8120 0.8293 0.8212 0.8205 0.8198 662.91 120339120.00 120336862.26 47029.09 213282.90 120171271.36 120174536.85 1.0000 0.0034 1.0001 1.0000 1.0000 1.0000 C000010859 500.00 61733683.67 61735366.19 1.0001 1.0000 1.0000 1.0000 825640.30 584828.86 221045.05 309296.40 353553.23 189209.41 489092.39 377674.31 2006459.66 1595523.03 0.0001 Y Putnam Investment Management, LLC Voluntary Expense Waiver 8394.42 C000010860 500.00 58437587.69 58439170.66 1.0001 1.0000 1.0000 1.0000 508530.87 146883.90 0.00 478418.03 155921.48 396570.95 30810.25 796619.28 821798.83 1968303.13 0.0001 Y Putnam Investment Management, LLC Voluntary Expense Waiver 18722.74 UNITED STATES OF AMERICA US TREASURY FRN 00.4103 07/31/2016 912828WV8 US912828WV86 U.S. Treasury Debt First Tier Security N/A N/A 2016-06-01 2016-07-31 2016-07-31 N N N 0.0042 1550164.30 1550164.30 1550164.30 0.0129 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.3933 10/31/2016 912828F70 US912828F700 U.S. Treasury Debt First Tier Security N/A N/A 2016-06-01 2016-10-31 2016-10-31 N N N 0.0040 1575292.95 1575292.95 1575292.95 0.0131 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.4243 01/31/2017 912828H60 US912828H607 U.S. Treasury Debt First Tier Security N/A N/A 2016-06-01 2017-01-31 2017-01-31 N N N 0.0043 1500258.00 1500258.00 1500258.00 0.0125 N Y Y N N/A MERRILL LYNCH, PIERCE, FENNER AND SMITH REPO TRIPA MORTG 0.3 06/01/2016 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2046-03-01 3.5000% 9809165.20 10206202.03 Agency Mortgage-Backed Securities FMAC 2030-02-01 2.5000% 42465101.90 37274798.05 Agency Mortgage-Backed Securities First Tier Security N/A N/A 2016-06-01 2016-06-01 2016-06-01 N N N 0.0030 46550000.00 46550000.00 46550000.00 0.3874 N Y Y N N/A CITIGROUP GLOBAL MARKETS INC. REPO TRIPA MORTG 0.3 06/01/2016 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N U.S. TREASURY 2021-04-30 1.3750% 20569375.45 20598754.45 U.S. Treasuries (including strips) U.S. TREASURY 2022-08-15 1.6250% 872167.99 879565.85 U.S. Treasuries (including strips) U.S. TREASURY 2023-02-15 2.0000% 19806542.45 20406169.19 U.S. Treasuries (including strips) U.S. TREASURY 2020-06-30 1.6250% 5482230.91 5596511.93 U.S. Treasuries (including strips) First Tier Security N/A N/A 2016-06-01 2016-06-01 2016-06-01 N N N 0.0030 46550000.00 46550000.00 46550000.00 0.3874 N Y Y N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANK 00.5309 12/06/2016 31331K2G4 US31331K2G44 U.S. Government Agency Debt First Tier Security N/A N/A 2016-06-06 2016-12-06 2016-12-06 N N N 0.0053 425211.65 425211.65 425211.65 0.0035 N N Y N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANK 00.4379 11/10/2016 3133EFNU7 US3133EFNU75 U.S. Government Agency Debt First Tier Security N/A N/A 2016-06-10 2016-11-10 2016-11-10 N N N 0.0044 375022.13 375022.13 375022.13 0.0031 N N Y N N/A FNMA FNMA 313588YV1 GDC 07/01/2016 313588YV1 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-07-01 2016-07-01 2016-07-01 N N N 0.0035 940740.28 940740.28 940740.28 0.0078 N N Y N N/A FNMA FNMA 313588A47 GDC 08/01/2016 313588A47 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-08-01 2016-08-01 2016-08-01 N N N 0.0040 1998600.00 1998600.00 1998600.00 0.0166 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312B66 GDC 08/11/2016 313312B66 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-08-11 2016-08-11 2016-08-11 N N N 0.0041 2497962.50 2497962.50 2497962.50 0.0208 N N N N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384B73 GDC 08/12/2016 313384B73 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-08-12 2016-08-12 2016-08-12 N N N 0.0048 399669.60 399669.60 399669.60 0.0033 N N N N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384C49 GDC 08/17/2016 313384C49 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-08-17 2016-08-17 2016-08-17 N N N 0.0046 399646.80 399646.80 399646.80 0.0033 N N N N N/A FNMA FNMA 313588C45 GDC 08/17/2016 313588C45 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-08-17 2016-08-17 2016-08-17 N N N 0.0040 2997351.00 2997351.00 2997351.00 0.0249 N N N N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384E47 GDC 09/02/2016 313384E47 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-09-02 2016-09-02 2016-09-02 N N N 0.0048 1335549.36 1335549.36 1335549.36 0.0111 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396F99 GDC 09/15/2016 313396F99 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-09-15 2016-09-15 2016-09-15 N N N 0.0046 2496907.50 2496907.50 2496907.50 0.0208 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312F96 GDC 09/15/2016 313312F96 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-09-15 2016-09-15 2016-09-15 N N N 0.0040 1098639.30 1098639.30 1098639.30 0.0091 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396G64 GDC 09/20/2016 313396G64 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-09-20 2016-09-20 2016-09-20 N N N 0.0050 575254.08 575254.08 575254.08 0.0048 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396J38 GDC 10/03/2016 313396J38 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-10-03 2016-10-03 2016-10-03 N N N 0.0043 2496297.50 2496297.50 2496297.50 0.0208 N N N N N/A FNMA FANNIE MAE 01.3750 11/15/2016 3135G0ES8 US3135G0ES80 U.S. Government Agency Debt First Tier Security N/A N/A 2016-11-15 2016-11-15 2016-11-15 N N N 0.0047 1088010.80 1088010.80 1088010.80 0.0091 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396R62 GDC 12/01/2016 313396R62 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-12-01 2016-12-01 2016-12-01 N N N 0.0060 1496035.50 1496035.50 1496035.50 0.0124 N N N N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384S26 GDC 12/05/2016 313384S26 NA U.S. Government Agency Debt First Tier Security N/A N/A 2016-12-05 2016-12-05 2016-12-05 N N N 0.0063 747974.25 747974.25 747974.25 0.0062 N N N N N/A FHLB FHLB 313385BS4 GDC 02/10/2017 313385BS4 NA U.S. Government Agency Debt First Tier Security N/A N/A 2017-02-10 2017-02-10 2017-02-10 N N N 0.0065 1244532.50 1244532.50 1244532.50 0.0104 N N N N N/A Putnam Variable Trust 2016-06-06 /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer