N-MFP2 0000822671 XXXXXXXX 2019-11-30 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 23 93 67450486.32 67871934.52 67926410.11 68434188.96 69320512.30 70497605.16 70170334.19 70225731.44 70332200.29 70118825.63 0.7362 0.7427 0.7430 0.7544 0.7661 0.7695 0.7679 0.7682 0.7753 0.7749 5810.29 86017661.32 86014203.93 284255.68 412824.09 85891445.81 85894472.9300 1.0000 0.0169 1.0000 1.0000 1.0000 1.0000 1.0000 C000010859 500.00 44369240.04 44370559.8900 1.0000 1.0000 1.0000 1.0000 1.0000 253890.78 438313.24 652821.97 291048.46 17936.43 800442.98 71655.25 163461.17 600039.99 174176.35 1538591.72 1496815.32 0.0121 N C000010860 500.00 41522205.77 41523913.0400 1.0000 1.0000 1.0000 1.0000 1.0000 44656.35 292505.60 1.02 397521.17 71.62 149869.34 6356.23 165452.65 251187.44 68436.04 257916.36 827109.17 0.0096 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 399526.59 399526.59 0.0047 N N N N N/A FNMA FANNIE MAE 01.5000 06/22/2020 3135G0D75 US3135G0D751 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-06-22 2020-06-22 2020-06-22 N N N 0.0180 899132.60 899132.60 0.0105 N N N N N/A FHLMC FREDDIE MAC 01.6250 09/29/2020 3137EAEJ4 US3137EAEJ49 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-29 2020-09-29 2020-09-29 N N N 0.0164 849940.81 849940.81 0.0099 N N N N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.5991 04/30/2020 9128284K3 US9128284K35 U.S. Treasury Debt Y 2019-11-30 2020-04-30 2020-04-30 N N N 0.0160 999863.68 999863.68 0.0116 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.6091 07/31/2020 912828Y53 US912828Y537 U.S. Treasury Debt Y 2019-11-30 2020-07-31 2020-07-31 N N N 0.0161 999696.26 999696.26 0.0116 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 12/05/2019 912796RN1 US912796RN16 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-05 2019-12-05 2019-12-05 N N N 0.0195 849900.18 849900.18 0.0099 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.6111 10/31/2020 9128285H9 US9128285H96 U.S. Treasury Debt Y 2019-11-30 2020-10-31 2020-10-31 N N N 0.0161 899293.40 899293.40 0.0105 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.6811 01/31/2021 9128285Y2 US9128285Y20 U.S. Treasury Debt Y 2019-11-30 2021-01-31 2021-01-31 N N N 0.0168 899628.82 899628.82 0.0105 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 847799.90 847799.90 0.0099 N Y 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 845764.17 845764.17 0.0098 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.7051 04/30/2021 9128286Q8 US9128286Q86 U.S. Treasury Debt Y 2019-11-30 2021-04-30 2021-04-30 N N N 0.0171 899337.38 899337.38 0.0105 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 12/12/2019 912796SW0 US912796SW06 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-12 2019-12-12 2019-12-12 N N N 0.0195 849627.48 849627.48 0.0099 N Y Y N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 01.7130 10/09/2020 3133EJF20 US3133EJF201 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-09 2020-10-09 2020-10-09 N N N 0.0171 1149676.18 1149676.18 0.0134 N N N N N/A FHLB FEDERAL HOME LOAN BANK 01.8010 01/16/2020 3130AFQK6 US3130AFQK63 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-01-16 2020-01-16 2020-01-16 N N N 0.0180 1149924.11 1149924.11 0.0134 N N Y N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 01.7533 10/19/2020 3133EJ3H0 US3133EJ3H03 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-19 2020-10-19 2020-10-19 N N N 0.0175 849655.01 849655.01 0.0099 N N N N N/A FHLMC FREDDIE MAC 01.5800 08/21/2020 3134GTPW7 US3134GTPW72 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-30 2020-08-21 2020-08-21 N N N 0.0157 849700.08 849700.08 0.0099 N N N N N/A FNMA FANNIE MAE 01.6250 10/30/2020 3135G0V67 US3135G0V670 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-30 2020-10-30 2020-10-30 N N N 0.0162 849801.47 849801.47 0.0099 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 848339.85 848339.85 0.0099 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 848081.60 848081.60 0.0099 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 01.7861 07/31/2021 9128287G9 US9128287G95 U.S. Treasury Debt Y 2019-11-30 2021-07-31 2021-07-31 N N N 0.0179 1750545.69 1750545.69 0.0204 N Y Y N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 01.7485 02/01/2021 3133EKYG5 US3133EKYG57 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-01 2021-02-01 2021-02-01 N N N 0.0182 849459.37 849459.37 0.0099 N N N N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 01.7680 12/11/2020 3133EH2J1 US3133EH2J14 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-11 2020-12-11 2020-12-11 N N N 0.0177 850307.15 850307.15 0.0099 N N N N N/A FHLB FEDERAL HOME LOAN BANK 01.8520 09/28/2020 3130A9FR7 US3130A9FR77 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-28 2020-09-28 2020-09-28 N N N 0.0185 851053.32 851053.32 0.0099 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 847569.00 847569.00 0.0099 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 947014.09 947014.09 0.0110 N Y Y N N/A FHLMC FREDDIE MAC 01.5800 02/19/2021 3134GT3A9 US3134GT3A93 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-30 2021-02-19 2021-02-19 N N N 0.0157 848959.91 848959.91 0.0099 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 847058.06 847058.06 0.0099 N Y Y N N/A FHLMC FREDDIE MAC 01.5800 06/04/2020 3134GT5J8 US3134GT5J84 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-30 2020-06-04 2020-06-04 N N N 0.0157 849885.40 849885.40 0.0099 N N N N N/A FHLMC FREDDIE MAC 01.5900 09/10/2020 3134GT6K4 US3134GT6K49 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-30 2020-09-10 2020-09-10 N N N 0.0158 849706.38 849706.38 0.0099 N N N N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 01.7080 09/25/2020 3133EHZK2 US3133EHZK22 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-25 2020-09-25 2020-09-25 N N N 0.0171 500174.87 500174.87 0.0058 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 03/05/2020 912796TH2 US912796TH20 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-03-05 2020-03-05 2020-03-05 N N N 0.0190 846532.12 846532.12 0.0099 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 03/12/2020 912796TK5 US912796TK58 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-03-12 2020-03-12 2020-03-12 N N N 0.0191 846279.83 846279.83 0.0099 N Y Y N N/A FHLMC FREDDIE MAC 01.5900 04/03/2020 3134GUFR6 US3134GUFR60 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-11-30 2020-04-03 2020-04-03 N N N 0.0158 849938.74 849938.74 0.0099 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396TA1 GDC 02/13/2020 313396TA1 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-02-13 2020-02-13 2020-02-13 N N N 0.0166 797404.45 797404.45 0.0093 N N N N N/A FNMA FNMA 313588RV9 GDC 01/15/2020 313588RV9 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-01-15 2020-01-15 2020-01-15 N N N 0.0166 798445.34 798445.34 0.0093 N N Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 12/17/2019 912796WJ4 US912796WJ49 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-17 2019-12-17 2019-12-17 N N N 0.0162 799471.58 799471.58 0.0093 N Y Y N N/A FHLB FEDERAL HOME LOAN BANK 01.6250 10/23/2020 3130AHEM1 US3130AHEM14 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-10-23 2020-10-23 2020-10-23 N N N 0.0163 799566.87 799566.87 0.0093 N N N N N/A FHLB FEDERAL HOME LOAN BANK 01.9210 01/04/2021 3130AFNC7 US3130AFNC74 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-01-04 2021-01-04 2021-01-04 N N N 0.0192 849471.74 849471.74 0.0099 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 12/24/2019 912796WK1 US912796WK12 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-24 2019-12-24 2019-12-24 N N N 0.0163 799225.44 799225.44 0.0093 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 05/14/2020 912796TV1 US912796TV14 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-05-14 2020-05-14 2020-05-14 N N N 0.0158 843930.29 843930.29 0.0098 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 12/31/2019 912796WL9 US912796WL94 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2019-12-31 2019-12-31 2019-12-31 N N N 0.0164 798972.11 798972.11 0.0093 N Y Y N N/A HSBC SECURITIES (USA), INC. REPO TRIPA MORTG 1.64 12/02/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2043-03-01 4.0000% 3200837.46 1544066.74 Agency Mortgage-Backed Securities FMAC 2044-05-01 4.5000% 91017.01 60291.33 Agency Mortgage-Backed Securities FMAC 2048-12-01 4.5000% 5416264.62 3880037.04 Agency Mortgage-Backed Securities FMAC 2047-11-01 4.0000% 479966.60 394915.84 Agency Mortgage-Backed Securities FNMA 2049-09-01 4.5000% 4602946.62 4757933.70 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.5000% 5949519.23 6182921.49 Agency Mortgage-Backed Securities FNMA 2035-07-01 4.5790% 118990.38 12133.98 Agency Mortgage-Backed Securities Y 2019-12-02 2019-12-02 2019-12-02 N N N 0.0164 16500000.00 16500000.00 0.1921 N Y Y N N/A BofA Securities, Inc. REPO TRIPA MORTG 1.64 12/02/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N GNMA 2047-04-20 4.5000% 7944613.78 3778268.55 Agency Mortgage-Backed Securities GNMA 2049-09-20 4.0000% 3880994.69 4048068.53 Agency Mortgage-Backed Securities GNMA 2049-07-20 4.0000% 3691194.93 3842237.49 Agency Mortgage-Backed Securities GNMA 2049-11-20 3.5000% 3765941.57 3950496.14 Agency Mortgage-Backed Securities GNMA 2049-01-20 5.0000% 1972249.01 1937169.35 Agency Mortgage-Backed Securities Y 2019-12-02 2019-12-02 2019-12-02 N N N 0.0164 17212000.00 17212000.00 0.2004 N Y Y N N/A CITIGROUP GLOBAL MARKETS INC. REPO TRIPA MORTG 1.64 12/02/2019 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FCSB 2026-12-28 3.1250% 20938.55 22966.75 Agency Mortgage-Backed Securities FCSB 2029-01-16 3.1900% 30345.72 33660.36 Agency Mortgage-Backed Securities FCSB 2028-03-07 3.1700% 242765.76 265567.92 Agency Mortgage-Backed Securities FMAC 2024-11-27 2.0000% 609190.34 607198.96 Agency Mortgage-Backed Securities FNMA 2028-09-01 3.4900% 22069.93 24072.67 Agency Mortgage-Backed Securities FNMA 2030-10-01 3.5950% 654179.99 726446.02 Agency Mortgage-Backed Securities FNMA 2028-08-01 4.1900% 50252.51 53101.61 Agency Mortgage-Backed Securities FNMA 2030-09-01 3.6900% 15172.86 16935.95 Agency Mortgage-Backed Securities FNMA 2028-07-01 3.6300% 170214.43 182473.83 Agency Mortgage-Backed Securities FNMA 2033-12-01 4.2000% 118273.39 137308.62 Agency Mortgage-Backed Securities FNMA 2030-11-01 3.8200% 40966.72 46306.37 Agency Mortgage-Backed Securities FNMA 2028-10-01 3.5600% 257696.34 282934.32 Agency Mortgage-Backed Securities FNMA 2028-12-01 3.9400% 1606.84 1804.88 Agency Mortgage-Backed Securities FNMA 2029-04-01 3.5500% 134466.80 145626.00 Agency Mortgage-Backed Securities FNMA 2033-12-01 4.0300% 30345.72 35052.54 Agency Mortgage-Backed Securities FNMA 2033-12-01 4.0000% 421597.50 480441.17 Agency Mortgage-Backed Securities FNMA 2033-12-01 4.0000% 193355.83 220340.40 Agency Mortgage-Backed Securities FNMA 2029-02-01 2.3800% 257119.41 260687.23 Agency Mortgage-Backed Securities FNMA 2031-10-01 2.6400% 34290.66 35160.25 Agency Mortgage-Backed Securities FNMA 2029-09-01 2.3800% 200210.63 202313.46 Agency Mortgage-Backed Securities FNMA 2029-11-01 2.8200% 50282.86 52746.69 Agency Mortgage-Backed Securities FNMA 2031-11-01 2.4750% 450005.79 454111.20 Agency Mortgage-Backed Securities FNMA 2029-11-01 2.6900% 32734.84 33963.52 Agency Mortgage-Backed Securities GNMA 2027-04-15 3.0000% 1557060.56 320910.12 Agency Mortgage-Backed Securities GNMA 2027-09-15 3.0000% 32486.28 8852.95 Agency Mortgage-Backed Securities GNMA 2027-05-20 3.5000% 33380.29 4205.97 Agency Mortgage-Backed Securities GNMA 2027-06-20 3.0000% 47794.51 10089.72 Agency Mortgage-Backed Securities GNMA 2027-07-20 2.5000% 8452.50 2169.10 Agency Mortgage-Backed Securities GNMA 2027-08-20 2.5000% 8345.07 2167.31 Agency Mortgage-Backed Securities GNMA 2027-11-20 2.5000% 13516.29 5376.13 Agency Mortgage-Backed Securities GNMA 2028-02-20 4.0000% 5310.50 1746.78 Agency Mortgage-Backed Securities GNMA 2028-04-20 2.5000% 3641.49 1198.86 Agency Mortgage-Backed Securities GNMA 2028-05-20 3.5000% 23068.54 7086.14 Agency Mortgage-Backed Securities GNMA 2028-05-20 2.0000% 2859.17 999.24 Agency Mortgage-Backed Securities GNMA 2028-06-20 3.5000% 6509.10 2088.66 Agency Mortgage-Backed Securities GNMA 2026-09-20 4.5000% 49085.69 2700.45 Agency Mortgage-Backed Securities GNMA 2028-07-20 2.5000% 5310.50 1767.54 Agency Mortgage-Backed Securities GNMA 2028-08-20 4.0000% 8547.24 1659.89 Agency Mortgage-Backed Securities GNMA 2028-10-20 4.0000% 5888.56 1291.56 Agency Mortgage-Backed Securities GNMA 2028-12-20 4.0000% 4853.37 1240.78 Agency Mortgage-Backed Securities GNMA 2029-11-20 8.0000% 3108.37 1219.82 Agency Mortgage-Backed Securities GNMA 2030-03-20 3.0000% 18820.32 3796.12 Agency Mortgage-Backed Securities GNMA 2025-03-20 4.5000% 4788.95 1421.32 Agency Mortgage-Backed Securities GNMA 2033-07-20 4.0000% 122261.75 91346.21 Agency Mortgage-Backed Securities GNMA 2028-07-20 8.0000% 1528.06 1445.24 Agency Mortgage-Backed Securities GNMA 2034-08-20 3.5000% 19761.13 20021.21 Agency Mortgage-Backed Securities GNMA 2054-11-15 2.7500% 354195.25 358582.27 Agency Mortgage-Backed Securities GNMA 2032-07-15 5.7500% 58334.16 2788.51 Agency Mortgage-Backed Securities GNMA 2032-09-15 5.7500% 20454.56 1091.15 Agency Mortgage-Backed Securities GNMA 2032-09-15 5.7500% 78125.97 1764.05 Agency Mortgage-Backed Securities GNMA 2032-09-15 6.5000% 30491.90 2100.96 Agency Mortgage-Backed Securities GNMA 2032-12-15 5.7000% 80378.62 3325.33 Agency Mortgage-Backed Securities GNMA 2033-01-15 5.2500% 96959.68 8412.66 Agency Mortgage-Backed Securities GNMA 2033-01-15 5.2500% 40332.53 4689.71 Agency Mortgage-Backed Securities GNMA 2033-01-15 5.2500% 58840.84 5017.46 Agency Mortgage-Backed Securities GNMA 2033-02-15 5.7000% 19508.35 3496.46 Agency Mortgage-Backed Securities GNMA 2033-02-15 5.5000% 28120.59 809.14 Agency Mortgage-Backed Securities GNMA 2033-05-15 5.5000% 76592.60 1671.57 Agency Mortgage-Backed Securities GNMA 2033-10-15 5.0000% 31309.53 1529.70 Agency Mortgage-Backed Securities GNMA 2031-12-15 6.0000% 63726.01 1021.03 Agency Mortgage-Backed Securities GNMA 2032-04-15 6.0000% 81968.37 3848.64 Agency Mortgage-Backed Securities GNMA 2032-02-15 6.5000% 56407.81 1326.06 Agency Mortgage-Backed Securities GNMA 2032-09-15 6.5000% 64936.05 2170.02 Agency Mortgage-Backed Securities GNMA 2032-08-15 6.0000% 32702.67 1267.78 Agency Mortgage-Backed Securities GNMA 2033-04-15 6.0000% 94557.27 2789.19 Agency Mortgage-Backed Securities GNMA 2028-07-20 7.5000% 766593.59 1482.77 Agency Mortgage-Backed Securities GNMA 2028-10-20 7.0000% 1142091.54 4689.16 Agency Mortgage-Backed Securities GNMA 2028-12-20 6.0000% 199621.74 1790.13 Agency Mortgage-Backed Securities GNMA 2027-07-20 8.0000% 377295.08 884.35 Agency Mortgage-Backed Securities GNMA 2027-10-20 7.0000% 1512734.17 7369.67 Agency Mortgage-Backed Securities GNMA 2029-02-20 6.5000% 126831.15 875.89 Agency Mortgage-Backed Securities GNMA 2027-03-20 2.5000% 6069.14 1268.28 Agency Mortgage-Backed Securities GNMA 2024-12-20 4.5000% 18055.70 1673.00 Agency Mortgage-Backed Securities GNMA 2025-04-20 4.5000% 33380.29 2619.05 Agency Mortgage-Backed Securities GNMA 2025-10-20 4.0000% 44699.25 3777.06 Agency Mortgage-Backed Securities GNMA 2025-12-20 4.0000% 9862.36 1018.38 Agency Mortgage-Backed Securities GNMA 2026-03-20 3.5000% 18632.27 2233.82 Agency Mortgage-Backed Securities GNMA 2026-05-20 4.0000% 27311.15 2506.44 Agency Mortgage-Backed Securities GNMA 2026-06-20 4.0000% 37932.15 3517.17 Agency Mortgage-Backed Securities GNMA 2026-07-20 3.5000% 44759.94 4433.71 Agency Mortgage-Backed Securities GNMA 2026-12-20 3.0000% 1830940.52 326426.02 Agency Mortgage-Backed Securities GNMA 2024-10-15 5.0000% 57792.33 9035.72 Agency Mortgage-Backed Securities GNMA 2023-06-15 5.5000% 182155.04 8229.65 Agency Mortgage-Backed Securities GNMA 2026-04-15 6.5000% 286243.29 952.82 Agency Mortgage-Backed Securities GNMA 2026-08-15 8.0000% 158797.64 1618.64 Agency Mortgage-Backed Securities GNMA 2026-03-15 7.0000% 225490.98 774.17 Agency Mortgage-Backed Securities GNMA 2025-01-15 7.5000% 44152.69 779.27 Agency Mortgage-Backed Securities GNMA 2026-02-15 8.0000% 294153.54 903.77 Agency Mortgage-Backed Securities GNMA 2026-05-15 7.5000% 305208.61 1419.60 Agency Mortgage-Backed Securities GNMA 2026-08-15 8.5000% 522519.14 872.41 Agency Mortgage-Backed Securities GNMA 2028-04-15 7.0000% 394561.04 2557.27 Agency Mortgage-Backed Securities GNMA 2027-11-15 7.0000% 30575.98 1931.29 Agency Mortgage-Backed Securities GNMA 2027-12-15 7.0000% 30457.85 1316.94 Agency Mortgage-Backed Securities GNMA 2028-09-15 7.5000% 148173.75 1682.64 Agency Mortgage-Backed Securities GNMA 2028-07-15 7.0000% 372597.81 1962.33 Agency Mortgage-Backed Securities GNMA 2028-07-15 7.0000% 9813.84 872.69 Agency Mortgage-Backed Securities GNMA 2028-11-15 7.0000% 303457.21 1690.88 Agency Mortgage-Backed Securities GNMA 2028-07-15 7.0000% 41600.43 1174.11 Agency Mortgage-Backed Securities GNMA 2028-10-15 7.0000% 300724.18 1826.36 Agency Mortgage-Backed Securities GNMA 2028-10-15 7.0000% 416638.49 3016.26 Agency Mortgage-Backed Securities GNMA 2024-08-15 5.0000% 79171.98 4199.61 Agency Mortgage-Backed Securities GNMA 2024-09-15 5.0000% 30031.76 2876.60 Agency Mortgage-Backed Securities GNMA 2024-09-15 4.0000% 13143.79 1021.19 Agency Mortgage-Backed Securities GNMA 2024-11-15 4.0000% 15172.86 1098.79 Agency Mortgage-Backed Securities GNMA 2025-03-15 5.0000% 55690.22 2296.50 Agency Mortgage-Backed Securities GNMA 2024-12-15 4.0000% 28828.43 1873.06 Agency Mortgage-Backed Securities GNMA 2025-06-15 4.5000% 133521.17 7888.78 Agency Mortgage-Backed Securities GNMA 2025-01-15 4.5000% 32991.29 2525.76 Agency Mortgage-Backed Securities GNMA 2030-06-20 5.0000% 260051.05 16675.94 Agency Mortgage-Backed Securities GNMA 2025-07-15 4.5000% 47822.70 3646.33 Agency Mortgage-Backed Securities GNMA 2028-09-15 6.5000% 757783.65 2899.27 Agency Mortgage-Backed Securities GNMA 2029-04-15 6.0000% 166142.82 1409.48 Agency Mortgage-Backed Securities GNMA 2028-12-15 7.5000% 36255.67 4015.36 Agency Mortgage-Backed Securities GNMA 2034-01-20 6.5000% 37932.15 868.50 Agency Mortgage-Backed Securities GNMA 2028-11-15 7.0000% 98075.64 1375.17 Agency Mortgage-Backed Securities GNMA 2029-04-15 7.0000% 321096.81 997.21 Agency Mortgage-Backed Securities GNMA 2030-01-15 7.5000% 303487.31 921.99 Agency Mortgage-Backed Securities GNMA 2030-03-15 5.4700% 25534.89 1833.23 Agency Mortgage-Backed Securities GNMA 2030-07-15 5.4700% 17047.35 2775.68 Agency Mortgage-Backed Securities GNMA 2030-12-15 7.0000% 13402.73 1031.05 Agency Mortgage-Backed Securities GNMA 2032-10-15 6.0000% 16731.72 1886.49 Agency Mortgage-Backed Securities GNMA 2030-11-15 7.5000% 765382.95 2013.39 Agency Mortgage-Backed Securities GNMA 2030-11-15 8.5000% 113615.53 883.45 Agency Mortgage-Backed Securities GNMA 2032-10-15 6.5000% 97106.31 1108.94 Agency Mortgage-Backed Securities GNMA 2024-10-15 6.5000% 578516.89 3267.32 Agency Mortgage-Backed Securities GNMA 2025-08-15 8.0000% 389534.18 831.98 Agency Mortgage-Backed Securities GNMA 2023-12-15 7.5000% 1194869.79 1300.33 Agency Mortgage-Backed Securities GNMA 2027-05-15 8.5000% 497480.16 1569.01 Agency Mortgage-Backed Securities GNMA 2029-04-15 6.0000% 75429.75 912.44 Agency Mortgage-Backed Securities GNMA 2030-12-15 6.5000% 79001.20 763.90 Agency Mortgage-Backed Securities GNMA 2031-07-15 7.0000% 326944.79 1381.98 Agency Mortgage-Backed Securities GNMA 2033-08-20 5.5000% 35009.86 1489.05 Agency Mortgage-Backed Securities GNMA 2029-08-15 7.0000% 30345.72 15799.49 Agency Mortgage-Backed Securities GNMA 2033-05-15 3.5000% 123083.30 84369.20 Agency Mortgage-Backed Securities GNMA 2028-03-15 2.5000% 30345.72 17606.58 Agency Mortgage-Backed Securities GNMA 2024-06-15 5.0000% 104692.74 1131.88 Agency Mortgage-Backed Securities GNMA 2024-08-15 5.0000% 133521.17 11072.94 Agency Mortgage-Backed Securities GNMA 2026-10-15 3.0000% 996293.70 187588.53 Agency Mortgage-Backed Securities GNMA 2033-07-15 5.4500% 17955.08 2547.36 Agency Mortgage-Backed Securities GNMA 2033-08-15 4.5000% 21242.00 1511.07 Agency Mortgage-Backed Securities GNMA 2033-08-15 5.0000% 30345.72 1123.12 Agency Mortgage-Backed Securities GNMA 2024-08-15 6.5000% 11233.56 1932.70 Agency Mortgage-Backed Securities GNMA 2024-07-15 4.5000% 24883.49 1800.39 Agency Mortgage-Backed Securities GNMA 2024-05-15 5.0000% 89264.24 4251.13 Agency Mortgage-Backed Securities U.S. TREASURY 2049-05-15 2.8750% 68435.67 78584.39 U.S. Treasuries (including strips) U.S. TREASURY 2049-08-15 2.2500% 28309.52 28823.65 U.S. Treasuries (including strips) U.S. TREASURY 2023-06-30 2.6250% 740.44 774.16 U.S. Treasuries (including strips) U.S. TREASURY 2029-07-15 0.2500% 2155329.08 2189102.19 U.S. Treasuries (including strips) U.S. TREASURY 2020-01-15 1.3750% 1542066.34 1841271.27 U.S. Treasuries (including strips) U.S. TREASURY 2020-08-15 2.6250% 114090.81 115701.90 U.S. Treasuries (including strips) U.S. TREASURY 2023-06-30 1.3750% 2348.76 2342.33 U.S. Treasuries (including strips) U.S. TREASURY 2023-07-31 1.2500% 325788.62 322807.02 U.S. Treasuries (including strips) U.S. TREASURY 2023-07-15 0.3750% 107181.08 119488.08 U.S. Treasuries (including strips) U.S. TREASURY 2023-07-31 2.7500% 5804720.60 6087829.13 U.S. Treasuries (including strips) Y 2019-12-02 2019-12-02 2019-12-02 N N N 0.0164 16500000.00 16500000.00 0.1921 N Y Y N N/A Putnam Variable Trust 2019-12-05 /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer