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REPO TRIPA MORTG 0.47 10/03/2016 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2022-08-01 6.5000% 3516790.49 152688.79 Agency Mortgage-Backed Securities FMAC 2023-03-01 5.0000% 2582334.71 72604.33 Agency Mortgage-Backed Securities FMAC 2023-04-01 5.0000% 3611332.54 119882.58 Agency Mortgage-Backed Securities FMAC 2038-10-01 6.0000% 2451084.44 436353.96 Agency Mortgage-Backed Securities FMAC 2025-07-01 4.5000% 4822146.62 1577724.01 Agency Mortgage-Backed Securities FMAC 2030-11-01 3.5000% 2529166.14 2357921.17 Agency Mortgage-Backed Securities FMAC 2030-11-01 3.5000% 2454291.08 2264933.19 Agency Mortgage-Backed Securities FMAC 2031-09-01 2.5000% 4573017.46 4731060.23 Agency Mortgage-Backed Securities FMAC 2042-12-01 3.0000% 3026966.06 1919029.74 Agency Mortgage-Backed Securities FMAC 2028-11-01 3.5000% 3294888.23 2410503.46 Agency Mortgage-Backed Securities FMAC 2042-06-01 3.5000% 4482621.60 3182335.54 Agency Mortgage-Backed Securities FMAC 2042-09-01 4.0000% 2840958.56 1801418.01 Agency Mortgage-Backed Securities FMAC 2044-05-01 4.0000% 3306113.96 2868260.01 Agency Mortgage-Backed Securities FMAC 2046-08-01 3.5000% 1306236.71 1394350.85 Agency Mortgage-Backed Securities FMAC 2039-01-01 5.5000% 2542382.40 2526732.49 Agency Mortgage-Backed Securities FMAC 2023-01-01 5.0000% 4983225.06 132071.69 Agency Mortgage-Backed Securities FMAC 2031-10-01 8.0000% 4077423.16 486920.92 Agency Mortgage-Backed Securities First Tier Security N/A N/A 2016-10-03 2016-10-03 2016-10-03 N N N 0.0047 27877000.00 27877000.00 0.2434 N Y Y N N/A GOLDMAN, SACHS & CO. REPO TRIPA MORTG 0.5 10/03/2016 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2046-04-01 4.0000% 2354400.00 2558732.18 Agency Mortgage-Backed Securities FMAC 2045-07-01 4.5000% 17940484.00 16807957.49 Agency Mortgage-Backed Securities FNMA 2022-08-01 2.6450% 11612410.00 11233311.39 Agency Mortgage-Backed Securities First Tier Security N/A N/A 2016-10-03 2016-10-03 2016-10-03 N N N 0.0050 30000000.00 30000000.00 0.2620 N Y Y N N/A MERRILL LYNCH, PIERCE, FENNER AND SMITH REPO TRIPA MORTG 0.5 10/03/2016 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2030-02-01 2.5000% 4913263.62 4004735.11 Agency Mortgage-Backed Securities FNMA 2046-01-01 3.5000% 25141190.76 24555264.91 Agency Mortgage-Backed Securities First Tier Security N/A N/A 2016-10-03 2016-10-03 2016-10-03 N N N 0.0050 28000000.00 28000000.00 0.2445 N Y Y N N/A Putnam Variable Trust 2016-10-07 /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer