N-MFP2 0000822671 XXXXXXXX 2019-08-31 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 22 88 75349437.67 74416060.91 75463557.22 74568752.45 74933787.87 76797855.03 74964814.95 76012583.19 76465841.38 77878334.91 0.8403 0.8232 0.8309 0.8180 0.8217 0.8564 0.8292 0.8369 0.8388 0.8540 4514.89 90964209.00 90964012.70 209579.92 1583702.89 89594404.62 89598847.9900 1.0000 0.0220 1.0000 1.0000 1.0000 1.0000 1.0000 C000010859 500.00 46751659.83 46753716.4500 1.0000 1.0000 1.0000 1.0000 1.0000 214715.03 57889.91 888759.43 421961.41 1333008.30 321470.22 282637.26 714508.43 1083873.73 918457.47 3604362.82 2416532.04 0.0172 N C000010860 500.00 42842744.79 42845131.5400 1.0000 1.0000 1.0000 0.9999 0.9999 109871.85 240311.73 242356.49 132868.63 172050.75 73515.30 5196.95 301513.83 338957.69 316658.73 758561.88 1008154.53 0.0147 N FHLMC FREDDIE MAC 01.3750 05/01/2020 3137EADR7 US3137EADR73 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-05-01 2020-05-01 2020-05-01 N N N 0.0184 398699.01 398699.01 0.0045 N N N N N/A 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 1348015.73 1348015.73 0.0150 N N Y 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 1349012.79 1349012.79 0.0151 N N Y 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 1348943.29 1348943.29 0.0151 N N Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.9928 04/30/2020 9128284K3 US9128284K35 U.S. Treasury Debt Y 2019-08-31 2020-04-30 2020-04-30 N N N 0.0199 999188.48 999188.48 0.0112 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.0028 07/31/2020 912828Y53 US912828Y537 U.S. Treasury Debt Y 2019-08-31 2020-07-31 2020-07-31 N N N 0.0200 998837.10 998837.10 0.0111 N Y Y 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 300000.00 300000.00 0.0033 N Y Y 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 298604.58 298604.58 0.0033 N N N N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.0048 10/31/2020 9128285H9 US9128285H96 U.S. Treasury Debt Y 2019-08-31 2020-10-31 2020-10-31 N N N 0.0200 898402.39 898402.39 0.0100 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.0748 01/31/2021 9128285Y2 US9128285Y20 U.S. Treasury Debt Y 2019-08-31 2021-01-31 2021-01-31 N N N 0.0207 898790.62 898790.62 0.0100 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 01/30/2020 912796RY7 US912796RY70 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-01-30 2020-01-30 2020-01-30 N N N 0.0195 843526.77 843526.77 0.0094 N Y 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 249669.38 249669.38 0.0028 N N Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 03/26/2020 912796SH3 US912796SH39 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-03-26 2020-03-26 2020-03-26 N N N 0.0188 841511.36 841511.36 0.0094 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.0988 04/30/2021 9128286Q8 US9128286Q86 U.S. Treasury Debt Y 2019-08-31 2021-04-30 2021-04-30 N N N 0.0210 898850.39 898850.39 0.0100 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 11/21/2019 912796ST7 US912796ST76 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-21 2019-11-21 2019-11-21 N N N 0.0196 846384.47 846384.47 0.0094 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 11/29/2019 912796SU4 US912796SU40 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-29 2019-11-29 2019-11-29 N N N 0.0199 846004.30 846004.30 0.0094 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384PM5 GDC 11/20/2019 313384PM5 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-20 2019-11-20 2019-11-20 N N N 0.0219 1194878.00 1194878.00 0.0133 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396PD9 GDC 11/12/2019 313396PD9 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-12 2019-11-12 2019-11-12 N N N 0.0217 747127.08 747127.08 0.0083 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANK 02.1663 10/09/2020 3133EJF20 US3133EJF201 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-09 2020-10-09 2020-10-09 N N N 0.0217 1148896.33 1148896.33 0.0128 N N N N N/A FHLB FEDERAL HOME LOAN BANK 02.1220 01/16/2020 3130AFQK6 US3130AFQK63 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-10-16 2020-01-16 2020-01-16 N N N 0.0212 1149789.37 1149789.37 0.0128 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANK 02.2020 10/19/2020 3133EJ3H0 US3133EJ3H03 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-19 2020-10-19 2020-10-19 N N N 0.0220 849885.06 849885.06 0.0095 N N N N N/A FHLMC FREDDIE MAC 02.1500 08/21/2020 3134GTPW7 US3134GTPW72 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-31 2020-08-21 2020-08-21 N N N 0.0215 849976.23 849976.23 0.0095 N N N N N/A FNMA FANNIE MAE 02.1950 10/30/2020 3135G0V67 US3135G0V670 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-31 2020-10-30 2020-10-30 N N N 0.0220 850323.49 850323.49 0.0095 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 01/16/2020 912796TB5 US912796TB59 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-01-16 2020-01-16 2020-01-16 N N N 0.0209 844106.31 844106.31 0.0094 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 01/23/2020 912796TC3 US912796TC33 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-01-23 2020-01-23 2020-01-23 N N N 0.0209 843804.90 843804.90 0.0094 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 02.1798 07/31/2021 9128287G9 US9128287G95 U.S. Treasury Debt Y 2019-08-31 2021-07-31 2021-07-31 N N N 0.0218 849732.90 849732.90 0.0095 N Y Y N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANK 02.1403 02/01/2021 3133EKYG5 US3133EKYG57 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-01 2021-02-01 2021-02-01 N N N 0.0227 849640.46 849640.46 0.0095 N N N N N/A FEDERAL FARM CREDIT BANKS FEDERAL FARM CREDIT BANK 02.2109 12/11/2020 3133EH2J1 US3133EH2J14 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-11 2020-12-11 2020-12-11 N N N 0.0221 849786.87 849786.87 0.0095 N N N N N/A FHLB FEDERAL HOME LOAN BANK 02.2900 09/28/2020 3130A9FR7 US3130A9FR77 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-09-28 2020-09-28 2020-09-28 N N N 0.0229 851110.54 851110.54 0.0095 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 02/06/2020 912796TE9 US912796TE98 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-02-06 2020-02-06 2020-02-06 N N N 0.0198 843236.48 843236.48 0.0094 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 02/13/2020 912796TF6 US912796TF63 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-02-13 2020-02-13 2020-02-13 N N N 0.0196 942088.31 942088.31 0.0105 N Y Y N N/A FHLMC FREDDIE MAC 02.1500 02/19/2021 3134GT3A9 US3134GT3A93 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-31 2021-02-19 2021-02-19 N N N 0.0215 849748.82 849748.82 0.0095 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 02/20/2020 912796TG4 US912796TG47 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-02-20 2020-02-20 2020-02-20 N N N 0.0190 842637.19 842637.19 0.0094 N Y Y N N/A CITIGROUP GLOBAL MARKETS INC. REPO TRIPA MORTG 2.18 09/03/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2049-05-01 3.5000% 93150.96 87590.60 Agency Mortgage-Backed Securities FMAC 2049-05-01 4.5000% 70172.74 76281.24 Agency Mortgage-Backed Securities FMAC 2049-05-01 3.5000% 94322.55 98329.15 Agency Mortgage-Backed Securities FMAC 2049-05-01 3.0000% 238402.04 245003.79 Agency Mortgage-Backed Securities FMAC 2049-05-01 3.0000% 196484.07 200559.81 Agency Mortgage-Backed Securities FMAC 2049-06-01 4.0000% 74515.91 78644.24 Agency Mortgage-Backed Securities FMAC 2049-04-01 3.5000% 46702.05 46759.56 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.0000% 137880.77 147192.67 Agency Mortgage-Backed Securities FMAC 2049-06-01 4.5000% 64275.60 67906.95 Agency Mortgage-Backed Securities FMAC 2049-06-01 5.0000% 63574.67 69299.07 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.0000% 71008.76 76026.73 Agency Mortgage-Backed Securities FMAC 2049-06-01 3.5000% 116807.32 123679.04 Agency Mortgage-Backed Securities FMAC 2049-06-01 4.0000% 68374.88 72997.62 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.0000% 320820.01 343470.03 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.0000% 221961.14 234115.58 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.0000% 175733.49 189941.48 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.5000% 97676.65 104376.38 Agency Mortgage-Backed Securities FMAC 2049-07-01 4.0000% 198311.33 209782.39 Agency Mortgage-Backed Securities FNMA 2049-04-01 3.5000% 1444.00 1491.77 Agency Mortgage-Backed Securities FNMA 2049-06-01 3.5000% 83490.57 87838.95 Agency Mortgage-Backed Securities FNMA 2049-07-01 4.5000% 101852.51 109083.00 Agency Mortgage-Backed Securities FNMA 2049-06-01 4.0000% 62354.75 65118.89 Agency Mortgage-Backed Securities FNMA 2049-07-01 4.0000% 1179569.45 1220748.23 Agency Mortgage-Backed Securities FNMA 2049-07-01 5.0000% 61339.13 68581.87 Agency Mortgage-Backed Securities FNMA 2049-07-01 3.0000% 82710.78 85567.27 Agency Mortgage-Backed Securities FNMA 2049-07-01 4.0000% 88613.18 93734.69 Agency Mortgage-Backed Securities FNMA 2049-07-01 3.5000% 402490.39 419720.95 Agency Mortgage-Backed Securities FNMA 2049-07-01 5.0000% 64960.27 70857.90 Agency Mortgage-Backed Securities FNMA 2049-07-01 4.5000% 278304.99 294807.20 Agency Mortgage-Backed Securities FNMA 2049-07-01 4.0000% 627396.18 667804.26 Agency Mortgage-Backed Securities FNMA 2049-07-01 3.5000% 1684399.95 1726432.94 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.0000% 9514911.55 9967366.74 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.5000% 161304.63 170300.02 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.5000% 124231.18 131394.58 Agency Mortgage-Backed Securities GNMA 2049-07-20 5.0000% 70032.78 74870.25 Agency Mortgage-Backed Securities GNMA 2049-06-20 4.5000% 62537.72 66132.67 Agency Mortgage-Backed Securities GNMA 2049-06-20 5.0000% 67020.96 72233.83 Agency Mortgage-Backed Securities GNMA 2049-07-20 5.0000% 197028.56 212176.03 Agency Mortgage-Backed Securities GNMA 2049-06-20 4.5000% 59932.31 64295.94 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.5000% 90878.54 97936.95 Agency Mortgage-Backed Securities GNMA 2049-07-20 5.0000% 75682.75 80965.48 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.0000% 76809.61 80395.89 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.0000% 2306899.00 2406187.42 Agency Mortgage-Backed Securities Y 2019-09-03 2019-09-03 2019-09-03 N N N 0.0218 20400000.00 20400000.00 0.2277 N Y Y N N/A HSBC SECURITIES (USA), INC. REPO TRIPA MORTG 2.17 09/03/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2034-01-01 5.5000% 10787177.00 437797.05 Agency Mortgage-Backed Securities FMAC 2038-09-01 5.5000% 19946.94 2686.29 Agency Mortgage-Backed Securities FMAC 2040-05-01 4.5000% 26597.13 5023.72 Agency Mortgage-Backed Securities FMAC 2042-09-01 4.0000% 1229044.52 474355.17 Agency Mortgage-Backed Securities FMAC 2047-10-01 4.0000% 398373.97 357686.12 Agency Mortgage-Backed Securities FNMA 2041-09-01 4.5000% 1397361.38 539632.20 Agency Mortgage-Backed Securities FNMA 2027-10-01 2.5000% 63833.12 19463.00 Agency Mortgage-Backed Securities FNMA 2048-08-01 4.2400% 11321.02 13110.03 Agency Mortgage-Backed Securities FNMA 2043-06-01 3.0000% 37195.93 28278.73 Agency Mortgage-Backed Securities FNMA 2058-08-01 4.5000% 3790040.20 3997651.93 Agency Mortgage-Backed Securities FNMA 2033-08-01 4.0000% 193982.88 181845.14 Agency Mortgage-Backed Securities FNMA 2049-01-01 4.5000% 2290819.04 2289336.74 Agency Mortgage-Backed Securities FNMA 2048-11-01 4.5000% 267659.49 282907.06 Agency Mortgage-Backed Securities FNMA 2049-08-01 3.0000% 190028.42 195959.33 Agency Mortgage-Backed Securities FNMA 2049-07-01 3.5000% 615573.38 645005.49 Agency Mortgage-Backed Securities FNMA 2047-11-01 4.0000% 1250065.19 1159308.63 Agency Mortgage-Backed Securities FNMA 2048-09-01 4.5000% 454747.12 455141.86 Agency Mortgage-Backed Securities FNMA 2034-06-01 4.0000% 1229713.49 1286304.51 Agency Mortgage-Backed Securities FNMA 2049-04-01 4.0000% 6963209.08 7334249.74 Agency Mortgage-Backed Securities FNMA 2049-07-01 3.5000% 1046148.17 1090077.05 Agency Mortgage-Backed Securities FNMA 2049-06-01 3.5000% 2924.35 2902.96 Agency Mortgage-Backed Securities FNMA 2040-01-01 5.0000% 18950.14 2840.64 Agency Mortgage-Backed Securities FNMA 2047-06-01 3.5000% 8269.63 8094.01 Agency Mortgage-Backed Securities FNMA 2048-03-01 4.0000% 3780.20 3359.66 Agency Mortgage-Backed Securities Y 2019-09-03 2019-09-03 2019-09-03 N N N 0.0217 20400000.00 20400000.00 0.2277 N Y Y N N/A BofA Securities, Inc. REPO TRIPA MORTG 2.16 09/03/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2048-08-01 5.0000% 6264945.74 5455526.47 Agency Mortgage-Backed Securities FMAC 2049-08-01 3.5000% 2356930.13 2430964.27 Agency Mortgage-Backed Securities FNMA 2044-09-01 4.0000% 9367174.17 6563570.25 Agency Mortgage-Backed Securities FNMA 2031-01-01 3.0000% 7352477.88 6554799.02 Agency Mortgage-Backed Securities Y 2019-09-03 2019-09-03 2019-09-03 N N N 0.0216 20593000.00 20593000.00 0.2298 N Y Y N N/A FHLMC FREDDIE MAC 02.1500 06/04/2020 3134GT5J8 US3134GT5J84 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-08-31 2020-06-04 2020-06-04 N N N 0.0215 850000.00 850000.00 0.0095 N N N N N/A Putnam Variable Trust 2019-09-06 /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer