N-MFP2 0000822671 XXXXXXXX 2019-04-30 0000822671 S000003882 2 N N 033-17486 Putnam Investment Management, LLC 801-07974 Putnam Investment Limited 801-61441 PricewaterhouseCoopers, LLP Boston MA Not Applicable Putnam Investor Services, Inc. 0001448300 084-06331 N N N Exempt Government N 19 36 79460760.33 79310792.66 78669356.31 78366684.86 0.00 81195536.79 81046395.00 79847784.53 79794698.57 0.00 0.8775 0.8775 0.8824 0.8826 0.0000 0.8967 0.8967 0.8956 0.8987 0.0000 5169.19 88492942.76 88488623.71 144307.03 355839.27 88282260.66 88284987.6200 1.0000 0.0274 1.0000 1.0000 1.0000 1.0000 C000010859 500.00 44398813.53 44399993.1400 1.0000 1.0000 1.0000 1.0000 727918.32 99135.37 909453.44 1319317.90 109867.08 55842.74 283915.78 1138180.74 2031154.62 2612476.75 0.0210 N C000010860 500.00 43883447.13 43884994.4800 1.0000 1.0000 1.0000 1.0000 1521542.94 259312.01 44691.05 665601.15 1639.68 108576.20 128471.54 95150.57 1696345.21 1128639.93 0.0185 N FNMA FANNIE MAE 01.0000 10/24/2019 3135G0R39 US3135G0R397 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-10-24 2019-10-24 2019-10-24 N N N 0.0256 1340707.76 1340707.76 0.0152 N N N N N/A FHLMC FREDDIE MAC 01.6250 10/25/2019 3134GBHT2 US3134GBHT28 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-10-25 2019-10-25 2019-10-25 N N N 0.0256 1344784.48 1344784.48 0.0152 N N N N N/A FHLB FEDERAL HOME LOAN BANK 01.5000 10/21/2019 3130ACM92 US3130ACM925 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-10-21 2019-10-21 2019-10-21 N N N 0.0256 1344040.71 1344040.71 0.0152 N N N N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.4325 04/30/2020 9128284K3 US9128284K35 U.S. Treasury Debt Y 2019-05-01 2020-04-30 2020-04-30 N N N 0.0245 999784.60 999784.60 0.0113 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 05/23/2019 912796QH5 US912796QH56 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-05-23 2019-05-23 2019-05-23 N N N 0.0252 898695.81 898695.81 0.0102 N Y Y N N/A 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2019-09-12 2019-09-12 N N N 0.0251 892035.38 892035.38 0.0101 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 05/02/2019 912796RJ0 US912796RJ04 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-05-02 2019-05-02 2019-05-02 N N N 0.0250 899940.62 899940.62 0.0102 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 05/09/2019 912796RP6 US912796RP63 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-05-09 2019-05-09 2019-05-09 N N N 0.0251 899524.97 899524.97 0.0102 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384HQ5 GDC 07/02/2019 313384HQ5 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-07-02 2019-07-02 2019-07-02 N N N 0.0247 471036.79 471036.79 0.0053 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 05/16/2019 912796RQ4 US912796RQ47 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-05-16 2019-05-16 2019-05-16 N N N 0.0251 899101.57 899101.57 0.0102 N Y Y N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312HW3 GDC 07/08/2019 313312HW3 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-07-08 2019-07-08 2019-07-08 N N N 0.0261 389220.08 389220.08 0.0044 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312HG8 GDC 06/24/2019 313312HG8 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-06-24 2019-06-24 2019-06-24 N N N 0.0255 249096.25 249096.25 0.0028 N N Y N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312KB5 GDC 08/06/2019 313312KB5 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-06 2019-08-06 2019-08-06 N N N 0.0263 894155.75 894155.75 0.0101 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312LF5 GDC 09/03/2019 313312LF5 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-03 2019-09-03 2019-09-03 N N N 0.0267 297500.00 297500.00 0.0034 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312PU8 GDC 11/27/2019 313312PU8 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-27 2019-11-27 2019-11-27 N N N 0.0271 295817.50 295817.50 0.0034 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANKS 313312FS4 GDC 05/17/2019 313312FS4 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-05-17 2019-05-17 2019-05-17 N N N 0.0250 709239.51 709239.51 0.0080 N N Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.5145 01/31/2021 9128285Y2 US9128285Y20 U.S. Treasury Debt Y 2019-05-01 2021-01-31 2021-01-31 N N N 0.0253 899980.32 899980.32 0.0102 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384JX8 GDC 08/02/2019 313384JX8 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-02 2019-08-02 2019-08-02 N N N 0.0247 894396.75 894396.75 0.0101 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/29/2019 912796SF7 US912796SF72 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-29 2019-08-29 2019-08-29 N N N 0.0252 1091337.50 1091337.50 0.0124 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 09/05/2019 912796SG5 US912796SG55 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-05 2019-09-05 2019-09-05 N N N 0.0253 892483.19 892483.19 0.0101 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384FC8 GDC 05/03/2019 313384FC8 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-05-03 2019-05-03 2019-05-03 N N N 0.0246 469937.07 469937.07 0.0053 N N Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384ME6 GDC 09/26/2019 313384ME6 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-26 2019-09-26 2019-09-26 N N N 0.0248 247533.33 247533.33 0.0028 N N N N N/A HSBC SECURITIES (USA), INC. REPO TRIPA MORTG 2.76 05/01/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FNMA 2047-07-01 3.5000% 4973247.34 4368751.11 Agency Mortgage-Backed Securities FNMA 2047-06-01 3.5000% 416693.29 400930.65 Agency Mortgage-Backed Securities FNMA 2047-10-01 4.5000% 452893.23 403877.77 Agency Mortgage-Backed Securities FNMA 2048-02-01 3.5000% 723796.27 713255.82 Agency Mortgage-Backed Securities FNMA 2048-07-01 4.0000% 154405.57 149221.04 Agency Mortgage-Backed Securities FNMA 2048-10-01 4.0000% 3797897.25 3770563.77 Agency Mortgage-Backed Securities FNMA 2031-02-01 4.1130% 157269.34 168824.23 Agency Mortgage-Backed Securities FNMA 2048-07-01 4.0000% 176298.93 173753.77 Agency Mortgage-Backed Securities FNMA 2034-02-01 3.0000% 1153308.48 1121282.94 Agency Mortgage-Backed Securities FNMA 2048-03-01 3.5000% 511794.69 504813.12 Agency Mortgage-Backed Securities FNMA 2045-12-01 4.5000% 572838.68 594176.32 Agency Mortgage-Backed Securities FNMA 2048-11-01 4.5000% 308926.89 311682.83 Agency Mortgage-Backed Securities FNMA 2049-02-01 4.5000% 6672863.37 7027029.49 Agency Mortgage-Backed Securities FNMA 2049-02-01 5.0000% 77420.03 83034.38 Agency Mortgage-Backed Securities FNMA 2047-11-01 3.5000% 3250232.99 2984914.36 Agency Mortgage-Backed Securities FNMA 2040-11-01 5.0000% 525555.55 175647.94 Agency Mortgage-Backed Securities Y 2019-05-01 2019-05-01 2019-05-01 N N N 0.0276 22500000.00 22500000.00 0.2549 N Y Y N N/A MERRILL LYNCH, PIERCE, FENNER AND SMITH REPO TRIPA MORTG 2.75 05/01/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2045-10-01 2.7560% 283930.24 281938.69 Agency Mortgage-Backed Securities FMAC 2048-10-01 3.5000% 284402.90 278944.65 Agency Mortgage-Backed Securities FMAC 2046-09-01 3.0000% 385746.75 307441.90 Agency Mortgage-Backed Securities FMAC 2046-09-01 2.5000% 394977.53 325186.28 Agency Mortgage-Backed Securities FMAC 2025-10-01 4.0000% 3277917.05 329645.29 Agency Mortgage-Backed Securities FMAC 2037-10-01 4.4890% 2174634.80 183474.43 Agency Mortgage-Backed Securities FMAC 2034-07-01 3.9070% 1500369.67 277995.26 Agency Mortgage-Backed Securities FMAC 2044-07-01 2.9350% 1810876.51 316535.56 Agency Mortgage-Backed Securities FMAC 2033-01-01 3.0000% 244922.63 210535.93 Agency Mortgage-Backed Securities FMAC 2033-08-01 4.0000% 287184.83 288849.80 Agency Mortgage-Backed Securities FMAC 2029-07-01 2.5000% 803977.39 326877.39 Agency Mortgage-Backed Securities FMAC 2048-11-01 5.0000% 405040.43 328479.51 Agency Mortgage-Backed Securities FMAC 2033-12-01 4.0000% 620880.14 307111.00 Agency Mortgage-Backed Securities FMAC 2046-04-01 3.0000% 401988.70 291536.80 Agency Mortgage-Backed Securities FMAC 2049-01-01 5.0000% 261811.22 282542.63 Agency Mortgage-Backed Securities FMAC 2049-02-01 4.0000% 284999.86 295026.27 Agency Mortgage-Backed Securities FMAC 2048-04-01 3.5000% 323371.93 326787.76 Agency Mortgage-Backed Securities FMAC 2049-04-01 3.5000% 279808.33 284622.84 Agency Mortgage-Backed Securities FMAC 2049-05-01 4.0000% 266665.39 276958.74 Agency Mortgage-Backed Securities FMAC 2046-06-01 3.0000% 409242.74 323655.07 Agency Mortgage-Backed Securities FMAC 2046-06-01 3.0000% 362208.14 270137.41 Agency Mortgage-Backed Securities FMAC 2046-08-01 3.5000% 308188.33 263026.50 Agency Mortgage-Backed Securities FMAC 2046-12-01 3.5000% 404697.78 317456.02 Agency Mortgage-Backed Securities FMAC 2047-08-01 4.0000% 330140.69 280890.70 Agency Mortgage-Backed Securities FMAC 2047-10-01 4.5000% 316064.18 279042.68 Agency Mortgage-Backed Securities FMAC 2047-10-01 4.0000% 259968.50 261554.30 Agency Mortgage-Backed Securities FMAC 2048-05-01 4.5000% 331787.08 324903.32 Agency Mortgage-Backed Securities FMAC 2048-05-01 4.5000% 323410.92 326089.39 Agency Mortgage-Backed Securities FMAC 2048-05-01 4.5000% 326205.55 319173.43 Agency Mortgage-Backed Securities FMAC 2048-11-01 5.0000% 270737.54 272401.33 Agency Mortgage-Backed Securities FMAC 2048-11-01 4.5000% 255131.69 264821.58 Agency Mortgage-Backed Securities FMAC 2036-06-01 4.6370% 910726.86 314677.35 Agency Mortgage-Backed Securities FNMA 2041-08-01 4.0000% 1129391.75 266134.43 Agency Mortgage-Backed Securities FNMA 2035-09-01 4.4130% 2038846.95 317504.71 Agency Mortgage-Backed Securities FNMA 2037-10-01 4.5530% 1934998.96 323370.56 Agency Mortgage-Backed Securities FNMA 2041-01-01 4.5000% 1529161.55 324657.77 Agency Mortgage-Backed Securities FNMA 2038-04-01 4.8700% 483367.45 286134.64 Agency Mortgage-Backed Securities FNMA 2031-12-01 3.0000% 423055.08 290811.90 Agency Mortgage-Backed Securities FNMA 2042-12-01 3.0000% 566833.57 300981.59 Agency Mortgage-Backed Securities FNMA 2035-03-01 3.0000% 474346.66 265786.35 Agency Mortgage-Backed Securities FNMA 2045-04-01 3.0000% 479437.61 300058.62 Agency Mortgage-Backed Securities FNMA 2046-01-01 3.0000% 429515.92 294150.72 Agency Mortgage-Backed Securities FNMA 2047-04-01 3.5000% 311380.44 274117.43 Agency Mortgage-Backed Securities FNMA 2043-07-01 3.0000% 532405.17 265171.95 Agency Mortgage-Backed Securities FNMA 2045-07-01 4.0000% 487741.81 327020.75 Agency Mortgage-Backed Securities FNMA 2033-11-01 5.0000% 9077494.41 326950.77 Agency Mortgage-Backed Securities FNMA 2033-09-01 5.0000% 5435410.89 316534.29 Agency Mortgage-Backed Securities FNMA 2036-02-01 6.0000% 4850017.42 305979.07 Agency Mortgage-Backed Securities FNMA 2046-03-01 3.5000% 426992.15 311316.37 Agency Mortgage-Backed Securities FNMA 2046-02-01 3.0000% 407154.49 290534.81 Agency Mortgage-Backed Securities FNMA 2045-12-01 3.0000% 390958.05 302431.94 Agency Mortgage-Backed Securities FNMA 2046-03-01 3.5000% 367099.70 327454.27 Agency Mortgage-Backed Securities FNMA 2046-07-01 3.0000% 413047.08 314087.20 Agency Mortgage-Backed Securities FNMA 2046-09-01 4.0000% 390207.69 319557.69 Agency Mortgage-Backed Securities FNMA 2046-04-01 3.5000% 288299.14 275552.74 Agency Mortgage-Backed Securities FNMA 2046-04-01 3.5000% 403416.96 280377.14 Agency Mortgage-Backed Securities FNMA 2046-08-01 3.0000% 321590.96 279022.82 Agency Mortgage-Backed Securities FNMA 2047-11-01 4.5000% 355117.06 320148.95 Agency Mortgage-Backed Securities FNMA 2047-11-01 3.5000% 321534.92 288156.89 Agency Mortgage-Backed Securities FNMA 2048-02-01 4.0000% 297653.41 301094.93 Agency Mortgage-Backed Securities FNMA 2049-01-01 5.0000% 260391.39 275117.47 Agency Mortgage-Backed Securities FNMA 2049-03-01 3.5000% 286214.99 290436.43 Agency Mortgage-Backed Securities FNMA 2048-02-01 4.0000% 308414.49 281936.25 Agency Mortgage-Backed Securities FNMA 2048-03-01 4.0000% 315795.97 275363.77 Agency Mortgage-Backed Securities FNMA 2048-08-01 4.5000% 255249.64 263768.06 Agency Mortgage-Backed Securities FNMA 2029-04-01 3.5100% 274156.29 284352.58 Agency Mortgage-Backed Securities FNMA 2047-03-01 4.0000% 381648.07 305883.27 Agency Mortgage-Backed Securities FNMA 2032-04-01 3.5000% 314355.16 274620.44 Agency Mortgage-Backed Securities FNMA 2048-06-01 5.0000% 277553.58 287820.37 Agency Mortgage-Backed Securities FNMA 2044-08-01 4.0000% 303392.61 273506.64 Agency Mortgage-Backed Securities FNMA 2037-08-01 2.5000% 286923.05 279543.42 Agency Mortgage-Backed Securities FNMA 2048-11-01 4.5000% 262511.32 276478.48 Agency Mortgage-Backed Securities FNMA 2049-03-01 3.5000% 259464.09 263123.53 Agency Mortgage-Backed Securities FNMA 2049-04-01 4.0000% 315090.00 328921.89 Agency Mortgage-Backed Securities FNMA 2049-04-01 3.5000% 284170.55 288864.89 Agency Mortgage-Backed Securities FNMA 2049-02-01 4.5000% 245505.11 261082.49 Agency Mortgage-Backed Securities FNMA 2035-10-01 4.5770% 3032837.65 324779.29 Agency Mortgage-Backed Securities FNMA 2049-04-01 3.5000% 277291.80 279910.81 Agency Mortgage-Backed Securities FNMA 2040-06-01 4.5170% 4053662.22 309148.86 Agency Mortgage-Backed Securities Y 2019-05-01 2019-05-01 2019-05-01 N N N 0.0275 22704000.00 22704000.00 0.2572 N Y Y N N/A CITIGROUP GLOBAL MARKETS INC. REPO TRIPA MORTG 2.76 05/01/2019 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 2022-10-31 2.0000% 742132.18 734829.60 U.S. Treasuries (including strips) U.S. TREASURY 2020-11-15 1.7500% 1199626.57 1198564.73 U.S. Treasuries (including strips) U.S. TREASURY 2019-11-30 1.7500% 280912.67 281758.11 U.S. Treasuries (including strips) U.S. TREASURY 2024-11-30 2.1250% 13955264.84 13911365.02 U.S. Treasuries (including strips) U.S. TREASURY 2020-12-15 1.8750% 1303118.68 1302682.78 U.S. Treasuries (including strips) U.S. TREASURY 2019-12-31 1.8750% 2378.56 2384.10 U.S. Treasuries (including strips) U.S. TREASURY 2024-12-31 2.2500% 5400231.79 5408869.80 U.S. Treasuries (including strips) U.S. TREASURY 2021-01-15 2.0000% 106030.71 106057.33 U.S. Treasuries (including strips) U.S. TREASURY 2028-01-15 0.5000% 2036.40 2079.27 U.S. Treasuries (including strips) U.S. TREASURY 2020-01-31 2.0000% 1407.27 1409.68 U.S. Treasuries (including strips) Y 2019-05-01 2019-05-01 2019-05-01 N N N 0.0276 22500000.00 22500000.00 0.2549 N Y Y N N/A Putnam Variable Trust 2019-05-06 /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer