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Putnam Investment Management, LLC Voluntary Expense Waiver 14203.28 FHLB FEDERAL HOME LOAN BANK 02.8750 09/11/2020 313370US5 US313370US52 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-11 2020-09-11 2020-09-11 N N N 0.0163 753899.80 753899.80 0.0085 N N N N N/A FNMA FANNIE MAE 01.5000 11/30/2020 3135G0F73 US3135G0F731 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-11-30 2020-11-30 2020-11-30 N N N 0.0165 1005381.37 1005381.37 0.0113 N N N N N/A FNMA FANNIE MAE 01.8750 12/28/2020 3135G0H55 US3135G0H554 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-12-28 2020-12-28 2020-12-28 N N N 0.0153 857012.31 857012.31 0.0096 N N N N N/A FNMA FANNIE MAE 01.3750 02/26/2021 3135G0J20 US3135G0J204 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2021-02-26 2021-02-26 2021-02-26 N N N 0.0053 1007349.96 1007349.96 0.0113 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 853023.61 853023.61 0.0096 N N N N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.1931 07/31/2020 912828Y53 US912828Y537 U.S. Treasury Debt Y 2020-07-01 2020-07-31 2020-07-31 N N N 0.0019 1000027.28 1000027.28 0.0113 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.1951 10/31/2020 9128285H9 US9128285H96 U.S. Treasury Debt Y 2020-07-01 2020-10-31 2020-10-31 N N N 0.0020 900098.78 900098.78 0.0101 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.2651 01/31/2021 9128285Y2 US9128285Y20 U.S. Treasury Debt Y 2020-07-01 2021-01-31 2021-01-31 N N N 0.0027 900494.11 900494.11 0.0101 N Y Y N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.2891 04/30/2021 9128286Q8 US9128286Q86 U.S. Treasury Debt Y 2020-07-01 2021-04-30 2021-04-30 N N N 0.0029 900824.36 900824.36 0.0101 N Y Y N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 00.1351 10/09/2020 3133EJF20 US3133EJF201 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-09 2020-10-09 2020-10-09 N N N 0.0014 1149960.28 1149960.28 0.0129 N N N N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 00.2139 10/19/2020 3133EJ3H0 US3133EJ3H03 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-19 2020-10-19 2020-10-19 N N N 0.0021 849831.72 849831.72 0.0096 N N N N N/A FHLMC FREDDIE MAC 00.1400 08/21/2020 3134GTPW7 US3134GTPW72 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2020-08-21 2020-08-21 N N N 0.0011 849908.03 849908.03 0.0096 N N Y N N/A FNMA FANNIE MAE 00.1850 10/30/2020 3135G0V67 US3135G0V670 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2020-10-30 2020-10-30 N N N 0.0016 849928.12 849928.12 0.0096 N N N N N/A UNITED STATES OF AMERICA US TREASURY FRN 00.3701 07/31/2021 9128287G9 US9128287G95 U.S. Treasury Debt Y 2020-07-01 2021-07-31 2021-07-31 N N N 0.0037 1753356.54 1753356.54 0.0197 N Y Y N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 00.2110 02/01/2021 3133EKYG5 US3133EKYG57 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2021-02-01 2021-02-01 N N N 0.0021 850360.10 850360.10 0.0096 N N N N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 00.1979 12/11/2020 3133EH2J1 US3133EH2J14 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-11 2020-12-11 2020-12-11 N N N 0.0020 850042.51 850042.51 0.0096 N N N N N/A FHLB FEDERAL HOME LOAN BANK 00.3340 09/28/2020 3130A9FR7 US3130A9FR77 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-28 2020-09-28 2020-09-28 N N N 0.0033 850279.47 850279.47 0.0096 N N N N N/A FHLMC FREDDIE MAC 00.1400 02/19/2021 3134GT3A9 US3134GT3A93 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2021-02-19 2021-02-19 N N N 0.0011 849428.15 849428.15 0.0096 N N N N N/A FHLMC FREDDIE MAC 00.1500 09/10/2020 3134GT6K4 US3134GT6K49 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2020-09-10 2020-09-10 N N N 0.0012 849883.65 849883.65 0.0096 N N N N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANK 00.1845 09/25/2020 3133EHZK2 US3133EHZK22 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-25 2020-09-25 2020-09-25 N N N 0.0018 500025.98 500025.98 0.0056 N N N 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 803552.62 803552.62 0.0090 N N N N N/A FHLB FEDERAL HOME LOAN BANK 00.1640 01/04/2021 3130AFNC7 US3130AFNC74 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-04 2021-01-04 2021-01-04 N N N 0.0124 849777.57 849777.57 0.0096 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 07/09/2020 912796WW5 US912796WW59 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-09 2020-07-09 2020-07-09 N N N 0.0010 999974.44 999974.44 0.0113 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 07/23/2020 912796WX3 US912796WX33 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-23 2020-07-23 2020-07-23 N N N 0.0016 999925.14 999925.14 0.0113 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/06/2020 912796WZ8 US912796WZ80 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-06 2020-08-06 2020-08-06 N N N 0.0155 1349838.00 1349838.00 0.0152 N Y Y N N/A FNMA FANNIE MAE 00.2100 12/03/2021 3135G0Y72 US3135G0Y724 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2021-12-03 2021-12-03 N N N 0.0018 574629.64 574629.64 0.0065 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/27/2020 912796XG9 US912796XG90 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-27 2020-08-27 2020-08-27 N N N 0.0015 1999556.66 1999556.66 0.0225 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384ZK8 GDC 07/15/2020 313384ZK8 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-15 2020-07-15 2020-07-15 N N N 0.0092 299986.00 299986.00 0.0034 N N Y N N/A FHLMC FREDDIE MAC 00.2600 03/04/2022 3134GVFL7 US3134GVFL73 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2022-03-04 2022-03-04 N N N 0.0023 999490.97 999490.97 0.0113 N N N N N/A FNMA FANNIE MAE 00.2800 03/09/2022 3135G0Z55 US3135G0Z556 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2022-03-09 2022-03-09 N N N 0.0025 999658.67 999658.67 0.0113 N N N N N/A FHLB FHLB 313385CM6 GDC 03/01/2021 313385CM6 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2021-03-01 2021-03-01 2021-03-01 N N N 0.0060 998852.50 998852.50 0.0112 N N N N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396C68 GDC 08/19/2020 313396C68 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-19 2020-08-19 2020-08-19 N N N 0.0013 999795.83 999795.83 0.0113 N N Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 09/24/2020 9127962H1 US9127962H15 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-24 2020-09-24 2020-09-24 N N N 0.0015 999657.64 999657.64 0.0113 N Y Y N N/A FEDERAL FARM CREDIT BANKS FUNDING CORP FEDERAL FARM CREDIT BANKS FUN 313312ZH6 GDC 07/13/2020 313312ZH6 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-13 2020-07-13 2020-07-13 N N N 0.0014 1749930.00 1749930.00 0.0197 N N Y N N/A FHLMC FREDDIE MAC 00.4300 09/30/2021 3134GVHV3 US3134GVHV38 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2021-09-30 2021-09-30 N N N 0.0040 1002030.38 1002030.38 0.0113 N N N N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384ZQ5 GDC 07/20/2020 313384ZQ5 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-20 2020-07-20 2020-07-20 N N N 0.0014 199987.33 199987.33 0.0023 N N Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 07/14/2020 9127963D9 US9127963D91 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-14 2020-07-14 2020-07-14 N N N 0.0013 999960.28 999960.28 0.0113 N Y Y N N/A UNITED STATES OF AMERICA CASH MGMT BILL 00.0000 09/08/2020 9127963X5 US9127963X55 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-08 2020-09-08 2020-09-08 N N N 0.0015 999750.83 999750.83 0.0113 N Y Y N N/A FNMA FANNIE MAE 00.4600 04/07/2022 3135G03B7 US3135G03B75 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2022-04-07 2022-04-07 N N N 0.0043 1002680.66 1002680.66 0.0113 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 07/21/2020 9127963F4 US9127963F40 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-21 2020-07-21 2020-07-21 N N N 0.0014 999934.72 999934.72 0.0113 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384ZU6 GDC 07/24/2020 313384ZU6 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-24 2020-07-24 2020-07-24 N N N 0.0013 849934.83 849934.83 0.0096 N N Y N N/A FHLMC FREDDIE MAC 00.3700 05/05/2022 3134GVQW1 US3134GVQW10 U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-01 2022-05-05 2022-05-05 N N N 0.0034 1001070.01 1001070.01 0.0113 N N N N N/A UNITED STATES OF AMERICA CASH MGMT BILL 00.0000 09/15/2020 9127963Y3 US9127963Y39 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-15 2020-09-15 2020-09-15 N N N 0.0015 749778.33 749778.33 0.0084 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 10/29/2020 9127962T5 US9127962T52 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-10-29 2020-10-29 2020-10-29 N N N 0.0016 999475.00 999475.00 0.0113 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/11/2020 9127963N7 US9127963N73 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-11 2020-08-11 2020-08-11 N N N 0.0015 999851.94 999851.94 0.0113 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/18/2020 9127963P2 US9127963P22 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-18 2020-08-18 2020-08-18 N N N 0.0012 999816.67 999816.67 0.0113 N Y Y N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/25/2020 9127963Q0 US9127963Q05 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-25 2020-08-25 2020-08-25 N N N 0.0013 999786.11 999786.11 0.0113 N Y Y N N/A UNITED STATES OF AMERICA CASH MGMT BILL 00.0000 10/13/2020 9127964H9 US9127964H96 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-10-13 2020-10-13 2020-10-13 N N N 0.0014 999537.78 999537.78 0.0113 N Y Y N N/A UNITED STATES OF AMERICA CASH MGMT BILL 00.0000 10/06/2020 9127964G1 US9127964G14 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-10-06 2020-10-06 2020-10-06 N N N 0.0013 999636.25 999636.25 0.0113 N Y Y N N/A FREDDIE MAC DISCOUNT NOTES FREDDIE MAC DISCOUNT NOTES 313396YW7 GDC 07/02/2020 313396YW7 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-02 2020-07-02 2020-07-02 N N N 0.0009 749997.50 749997.50 0.0084 N N Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384B73 GDC 08/12/2020 313384B73 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-12 2020-08-12 2020-08-12 N N N 0.0013 749868.75 749868.75 0.0084 N N Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384B99 GDC 08/14/2020 313384B99 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-14 2020-08-14 2020-08-14 N N N 0.0014 999816.67 999816.67 0.0113 N N Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384G45 GDC 09/18/2020 313384G45 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-18 2020-09-18 2020-09-18 N N N 0.0015 749769.59 749769.59 0.0084 N N N N N/A UNITED STATES OF AMERICA TREASURY BILL 00.0000 08/04/2020 9127963M9 US9127963M90 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-08-04 2020-08-04 2020-08-04 N N N 0.0016 999872.50 999872.50 0.0113 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384ZD4 GDC 07/09/2020 313384ZD4 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-07-09 2020-07-09 2020-07-09 N N N 0.0015 999973.33 999973.33 0.0113 N N Y N N/A UNITED STATES OF AMERICA CASH MGMT BILL 00.0000 10/20/2020 9127964J5 US9127964J52 U.S. Treasury Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-10-20 2020-10-20 2020-10-20 N N N 0.0015 999537.50 999537.50 0.0113 N Y Y N N/A FED HOME LN DISCOUNT NT FED HOME LN DISCOUNT NT 313384G94 GDC 09/23/2020 313384G94 NA U.S. Government Agency Debt Y Moody's P-1 S&P A-1+ Fitch F1+ 2020-09-23 2020-09-23 2020-09-23 N N N 0.0014 999673.33 999673.33 0.0113 N N N N N/A CITIGROUP GLOBAL MARKETS INC. REPO TRIPA MORTG 0.09 07/01/2020 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FMAC 2049-12-01 3.5000% 17300.01 17648.94 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.0000% 5528.03 4951.56 Agency Mortgage-Backed Securities FMAC 2049-10-01 5.0000% 2471.43 2018.79 Agency Mortgage-Backed Securities FMAC 2049-12-01 3.0000% 22770.10 21999.41 Agency Mortgage-Backed Securities FMAC 2049-09-01 4.0000% 330954.19 323501.61 Agency Mortgage-Backed Securities FMAC 2049-09-01 3.0000% 10347.91 11001.41 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.0000% 11533.34 10045.90 Agency Mortgage-Backed Securities FMAC 2049-12-01 3.5000% 74712.27 80630.87 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.5000% 75500.06 76647.22 Agency Mortgage-Backed Securities FMAC 2049-12-01 3.5000% 60092.91 62853.12 Agency Mortgage-Backed Securities FMAC 2049-09-01 3.0000% 19771.44 19779.10 Agency Mortgage-Backed Securities FMAC 2049-09-01 3.0000% 206776.26 204300.25 Agency Mortgage-Backed Securities FMAC 2049-09-01 3.0000% 29657.15 28394.37 Agency Mortgage-Backed Securities FMAC 2049-09-01 3.5000% 166653.36 149821.08 Agency Mortgage-Backed Securities FMAC 2049-09-01 3.5000% 22842.60 22807.90 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.0000% 148285.77 145506.38 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.0000% 16476.20 16479.66 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.5000% 7159.47 7130.74 Agency Mortgage-Backed Securities FMAC 2049-12-01 3.0000% 1010814.14 1003332.11 Agency Mortgage-Backed Securities FMAC 2049-11-01 3.0000% 3180.80 2426.70 Agency Mortgage-Backed Securities FMAC 2049-10-01 3.5000% 2875.79 2985.08 Agency Mortgage-Backed Securities FMAC 2049-11-01 3.5000% 11862.86 12336.48 Agency Mortgage-Backed Securities FMAC 2049-11-01 3.0000% 2192.32 2222.79 Agency Mortgage-Backed Securities FMAC 2049-12-01 4.5000% 103435.75 110729.86 Agency Mortgage-Backed Securities FNMA 2049-10-01 5.0000% 2768.00 1855.86 Agency Mortgage-Backed Securities FNMA 2049-12-01 4.0000% 46456.88 50420.79 Agency Mortgage-Backed Securities FNMA 2049-09-01 3.0000% 1647.62 1730.65 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 26361.91 25650.22 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.5000% 96936.02 107462.27 Agency Mortgage-Backed Securities FNMA 2049-09-01 4.5000% 539191.00 561071.96 Agency Mortgage-Backed Securities FNMA 2049-09-01 5.0000% 1298357.01 1378791.54 Agency Mortgage-Backed Securities FNMA 2049-09-01 3.5000% 680137.38 545370.61 Agency Mortgage-Backed Securities FNMA 2049-09-01 4.0000% 903.09 840.30 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.5000% 6096.19 6328.73 Agency Mortgage-Backed Securities FNMA 2049-09-01 3.5000% 448052.92 467478.80 Agency Mortgage-Backed Securities FNMA 2049-10-01 4.0000% 74681.39 79672.68 Agency Mortgage-Backed Securities FNMA 2049-10-01 5.0000% 86300.37 80516.60 Agency Mortgage-Backed Securities FNMA 2049-12-01 4.0000% 97279.88 106825.19 Agency Mortgage-Backed Securities FNMA 2049-12-01 4.0000% 63205.16 67684.62 Agency Mortgage-Backed Securities FNMA 2049-09-01 3.0000% 16146.67 15104.14 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 87354.68 91261.34 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 93402.96 97692.45 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.5000% 260488.89 277853.35 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.5000% 132929.82 146089.06 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.5000% 38303.89 29813.67 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 4210.43 4388.58 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.5000% 47539.86 50882.69 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.5000% 86186.49 93420.65 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.5000% 146606.08 153574.56 Agency Mortgage-Backed Securities FNMA 2049-12-01 3.5000% 61887.56 66108.57 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.0000% 49087.17 53895.46 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.0000% 52748.15 56143.85 Agency Mortgage-Backed Securities FNMA 2049-12-01 4.0000% 111949.43 118187.41 Agency Mortgage-Backed Securities FNMA 2049-12-01 4.0000% 42727.26 46333.80 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 5766.67 5270.94 Agency Mortgage-Backed Securities FNMA 2049-10-01 4.5000% 1253005.75 1223430.79 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 1153333.73 1208713.96 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.0000% 184533.40 186216.46 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.0000% 23099.63 24063.57 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.0000% 142521.24 151230.88 Agency Mortgage-Backed Securities FNMA 2049-12-01 3.0000% 731242.25 735892.64 Agency Mortgage-Backed Securities FNMA 2049-12-01 3.5000% 53612.75 50268.01 Agency Mortgage-Backed Securities FNMA 2049-09-01 3.0000% 73223.97 70405.57 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.0000% 29821.92 30257.68 Agency Mortgage-Backed Securities FNMA 2049-12-01 3.0000% 22458.74 22997.81 Agency Mortgage-Backed Securities FNMA 2049-09-01 5.0000% 8619.06 7355.69 Agency Mortgage-Backed Securities FNMA 2049-10-01 3.5000% 65146.88 54381.45 Agency Mortgage-Backed Securities FNMA 2049-10-01 4.0000% 9688.00 7974.37 Agency Mortgage-Backed Securities FNMA 2049-11-01 5.0000% 13345.72 11528.76 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.5000% 4613.33 4060.26 Agency Mortgage-Backed Securities FNMA 2049-11-01 2.5000% 6425.72 6231.99 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.0000% 97007.89 90303.38 Agency Mortgage-Backed Securities FNMA 2049-11-01 3.5000% 20760.01 18143.57 Agency Mortgage-Backed Securities FNMA 2049-11-01 4.0000% 25604.01 22016.88 Agency Mortgage-Backed Securities FNMA 2049-12-01 3.5000% 28965.15 27423.76 Agency Mortgage-Backed Securities FNMA 2049-12-01 4.0000% 43522.50 40212.16 Agency Mortgage-Backed Securities U.S. TREASURY 2021-07-15 2.6250% 685890.87 711618.13 U.S. Treasuries (including strips) Y 2020-07-01 2020-07-01 2020-07-01 N N N 0.0009 11600000.00 11600000.00 0.1306 N Y Y N N/A BofA Securities, Inc. REPO TRIPA MORTG 0.09 07/01/2020 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N GNMA 2049-11-20 3.0000% 11528054.85 11928900.01 Agency Mortgage-Backed Securities Y 2020-07-01 2020-07-01 2020-07-01 N N N 0.0009 11695000.00 11695000.00 0.1317 N Y Y N N/A ROYAL BANK OF CANADA REPO TRIPA MORTG 0.09 07/01/2020 TRIPARTY2 U.S. Government Agency Repurchase Agreement, collateralized only by U.S. Government Agency securities, U.S. Treasuries, and cash Y N FNMA 2048-01-01 3.5000% 1373402.33 1194931.17 Agency Mortgage-Backed Securities FNMA 2045-04-01 3.5000% 67453.96 56860.45 Agency Mortgage-Backed Securities FNMA 2045-08-01 4.0000% 135802.47 112548.74 Agency Mortgage-Backed Securities FNMA 2049-11-01 2.8830% 107765.54 82105.34 Agency Mortgage-Backed Securities FNMA 2047-09-01 3.5000% 1748192.85 1574679.30 Agency Mortgage-Backed Securities FNMA 2047-09-01 4.5000% 1340991.01 959475.38 Agency Mortgage-Backed Securities FNMA 2048-08-01 4.5000% 2179581.65 1837609.90 Agency Mortgage-Backed Securities FNMA 2049-05-01 4.5000% 185206.18 180234.96 Agency Mortgage-Backed Securities FNMA 2050-02-01 3.0000% 1407286.07 1473869.03 Agency Mortgage-Backed Securities FNMA 2050-06-01 2.5000% 39.40 41.08 Agency Mortgage-Backed Securities FNMA 2040-03-01 3.8350% 1624034.00 84073.21 Agency Mortgage-Backed Securities GNMA 2044-06-20 4.0000% 39.40 8.68 Agency Mortgage-Backed Securities GNMA 2044-11-20 4.0000% 39.40 9.40 Agency Mortgage-Backed Securities GNMA 2048-11-20 4.5000% 35219.12 17246.09 Agency Mortgage-Backed Securities GNMA 2047-08-20 4.5000% 35899.56 18931.71 Agency Mortgage-Backed Securities GNMA 2047-10-15 4.0000% 321488.25 248032.02 Agency Mortgage-Backed Securities GNMA 2048-07-20 4.5000% 250558.66 174177.05 Agency Mortgage-Backed Securities GNMA 2049-02-15 4.5000% 37054.12 23978.23 Agency Mortgage-Backed Securities GNMA 2049-08-20 3.0000% 215318.66 224821.79 Agency Mortgage-Backed Securities GNMA 2049-08-20 4.0000% 99498.88 86362.86 Agency Mortgage-Backed Securities GNMA 2050-03-20 3.0000% 141294.70 149402.47 Agency Mortgage-Backed Securities GNMA 2050-02-20 3.0000% 167203.09 179096.42 Agency Mortgage-Backed Securities GNMA 2050-02-20 3.0000% 183265.50 195711.95 Agency Mortgage-Backed Securities GNMA 2050-04-20 3.5000% 168.40 179.09 Agency Mortgage-Backed Securities GNMA 2050-04-20 4.0000% 178906.16 194805.79 Agency Mortgage-Backed Securities GNMA 2047-03-15 4.0000% 85700.12 54115.12 Agency Mortgage-Backed Securities GNMA 2032-11-15 6.5000% 70.14 0.89 Agency Mortgage-Backed Securities GNMA 2050-03-20 3.5000% 1075844.29 1132283.11 Agency Mortgage-Backed Securities GNMA 2050-06-20 4.5000% 1469326.57 1576436.07 Agency Mortgage-Backed Securities GNMA 2037-10-15 6.0000% 42.44 0.58 Agency Mortgage-Backed Securities GNMA 2036-12-15 6.0000% 85.38 1.71 Agency Mortgage-Backed Securities Y 2020-07-01 2020-07-01 2020-07-01 N N N 0.0009 11600000.00 11600000.00 0.1306 N Y Y N N/A Putnam Variable Trust 2020-07-07 /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer