March - Putnam Investments

Bank of America N.A.Barclays Bank PLCBarclays Capital Inc.(clearing broker)Citibank, N.A.Credit SuisseInternationalDeutsche Bank AGAssets:Centrally cleared interest rate swap contracts § $— $— $312,674 $— $— $— $— $— $— $— $— $— $— $— $312,674OTC Total return swap contracts* # — 2,236 — 511,354 1,640 — — — — — — — — — 515,230OTC Credit default swap contracts* # — — — — 17,844 — — — 59,413 — — — — — 77,257Centrally cleared credit defaultswap contracts § — — 415,773 — — — — — — — — — — — 415,773Futures contracts § — — — — — — — — — 3,953,152 — — — — 3,953,152Forward currency contracts # 188,108 317,199 — 214,473 397,741 153,658 202,378 221,608 142,674 — 135,112 240,059 216,366 222,266 2,651,642Purchased options** # — — — — — — 147,537 — — — — — 28,989 — 176,526Total Assets $188,108 $319,435 $728,447 $725,827 $417,225 $153,658 $349,915 $221,608 $202,087 $3,953,152 $135,112 $240,059 $245,355 $222,266 $8,102,254Liabilities:Centrally cleared interest rate swap contracts § — — 325,866 — — — — — — — — — — — 325,866OTC Total return swap contracts* # — 7,332 — 387,481 — — 6,640 — 124 — — — — — 401,577OTC Credit default swap contracts* # 3,168 1,079 — — 20,629 — — — — — — — — — 24,876Centrally cleared credit defaultswap contracts § — — 196,952 — — — — — — — — — — — 196,952Futures contracts § — — — — — — — — — 147,426 — — — — 147,426Forward currency contracts # 16,917 245,252 — 167,776 336,575 58,094 11,676 92,800 150,266 — 4,326 207,859 315,128 12,354 1,619,023Written swap options # — — — — — — — — 534,198 — — — — — 534,198Written options # — — — — — — 25,965 — — — — — 9,093 — 35,058Total Liabilities $20,085 $253,663 $522,818 $555,257 $357,204 $58,094 $44,281 $92,800 $684,588 $147,426 $4,326 $207,859 $324,221 $12,354 $3,284,976Total Financial and Derivative Net Assets $168,023 $65,772 $205,629 $170,570 $60,021 $95,564 $305,634 $128,808 $(482,501) $3,805,726 $130,786 $32,200 $(78,866) $209,912 $4,817,278Total collateral received (pledged) ## † $110,000 $(124,888) $— $— $10,842 $90,000 $151,840 $123,076 $(469,577) $— $— $— $— $— $(108,707)Net amount $58,023 $190,660 $205,629 $170,570 $49,179 $5,564 $153,794 $5,732 $(12,924) $3,805,726 $130,786 $32,200 $(78,866) $209,912 $4,925,985Goldman SachsInternationalHSBC Bank USA,National AssociationJPMorgan Chase BankN.A.Merrill Lynch, Pierce,Fenner & Smith, Inc.Royal Bank of ScotlandPLC (The)State Street Bank andTrust Co.UBS AGWestPac Banking Corp.Total*Excludes premiums, if any. Included in unrealized appreciation and depreciation on OTC swap contracts on the Statement of assetsand liabilities.**Included with Investments in securities on the Statement of assets and liabilities.†Additional collateral may be required from certain brokers based on individual agreements.#Covered by master netting agreement. (Note 1)##Any over-collateralization of total financial and derivative net assets is not shown.§Includes current day’s variation margin only as reported on the Statement of assets and liabilities, which is not collateralized. Cumulativeappreciation/(depreciation) for futures contracts and centrally cleared swap contracts is represented in the tables listed after thefund’s portfolio.116 Dynamic Asset Allocation Growth Fund Dynamic Asset Allocation Growth Fund 117