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Schedules
of
Investments
(unaudited)
Putnam
Global
Income
Trust
2
Notes
to
Schedule
of
Investments
31
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited),
January
31,
2026
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
2
a
a
Country
Shares
a
Value
a
a
a
a
a
a
Management
Investment
Companies
2.5%
Capital
Markets
2.5%
a
Franklin
Ultra
Short
Bond
ETF
..........................
United
States
217,238
$
5,451,588
Total
Management
Investment
Companies
(Cost
$5,401,724)
...................
5,451,588
Principal
Amount
*
Corporate
Bonds
32.0%
Aerospace
&
Defense
1.1%
b
BAE
Systems
plc
,
Senior
Bond
,
144A,
5.3
%
,
3/26/34
.........
United
Kingdom
685,000
708,872
Boeing
Co.
(The)
,
Senior
Bond,
2.95%,
2/01/30
.........................
United
States
24,000
22,792
Senior
Bond,
6.125%,
2/15/33
........................
United
States
36,000
38,913
Senior
Bond,
3.6%,
5/01/34
..........................
United
States
97,000
88,329
Senior
Bond,
3.25%,
2/01/35
.........................
United
States
45,000
39,405
Senior
Bond,
3.5%,
3/01/39
..........................
United
States
85,000
69,744
Senior
Bond,
6.875%,
3/15/39
........................
United
States
110,000
124,285
Senior
Bond,
3.375%,
6/15/46
........................
United
States
62,000
44,083
Senior
Bond,
3.9%,
5/01/49
..........................
United
States
188,000
140,594
Senior
Bond,
6.858%,
5/01/54
........................
United
States
139,000
156,845
Senior
Bond,
3.95%,
8/01/59
.........................
United
States
165,000
116,958
Senior
Note,
2.196%,
2/04/26
........................
United
States
387,000
386,934
Senior
Note,
2.7%,
2/01/27
..........................
United
States
152,000
150,209
Senior
Note,
6.259%,
5/01/27
........................
United
States
3,000
3,078
Senior
Note,
6.298%,
5/01/29
........................
United
States
5,000
5,312
Howmet
Aerospace,
Inc.
,
Senior
Bond,
5.95%,
2/01/37
.........................
United
States
287,000
310,975
Senior
Note,
3%,
1/15/29
...........................
United
States
174,000
169,288
2,576,616
Automobiles
0.4%
b
Hyundai
Capital
America
,
Senior
Bond,
144A,
6.375%,
4/08/30
...................
United
States
50,000
53,449
Senior
Note,
144A,
6.5%,
1/16/29
.....................
United
States
200,000
212,171
Senior
Note,
144A,
5.35%,
3/19/29
....................
United
States
497,000
512,365
Senior
Note,
144A,
5.4%,
1/08/31
.....................
United
States
85,000
88,171
866,156
Banks
4.9%
Banco
Santander
SA
,
Senior
Non-Preferred
Bond
,
4.379
%
,
4/12/28
.........................................
Spain
200,000
201,238
Bank
of
America
Corp.
,
Senior
Bond,
5.511%
to
1/23/35,
FRN
thereafter,
1/24/36
...
United
States
98,000
101,768
Senior
Note,
4.948%
to
7/21/27,
FRN
thereafter,
7/22/28
....
United
States
368,000
373,147
Senior
Note,
5.162%
to
1/23/30,
FRN
thereafter,
1/24/31
....
United
States
97,000
100,051
Sub.
Bond,
5.425%
to
8/14/34,
FRN
thereafter,
8/15/35
.....
United
States
210,000
213,351
Sub.
Bond,
3.846%
to
3/07/32,
FRN
thereafter,
3/08/37
.....
United
States
597,000
560,612
Bank
of
Nova
Scotia
(The)
,
Junior
Sub.
Bond
,
7.35%
to
4/26/30,
FRN
thereafter
,
4/27/85
.............................
Canada
340,000
356,407
b
Banque
Federative
du
Credit
Mutuel
SA
,
Senior
Preferred
Note
,
144A,
4.541
%
,
1/15/31
..............................
France
200,000
199,591
Barclays
plc
,
Senior
Note
,
5.367%
to
2/24/30,
FRN
thereafter
,
2/25/31
.........................................
United
Kingdom
250,000
258,163
b
BNP
Paribas
SA
,
Sub.
Bond
,
144A,
4.375
%
,
5/12/26
.........
France
400,000
399,917
b
BPCE
SA
,
Senior
Non-Preferred
Bond
,
144A,
3.5
%
,
10/23/27
..
France
250,000
247,605
b
CaixaBank
SA
,
Senior
Non-Preferred
Note,
144A,
4.634%
to
7/02/28,
FRN
thereafter,
7/03/29
.................................
Spain
295,000
298,172
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
3
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Banks
(continued)
b
CaixaBank
SA,
(continued)
Senior
Non-Preferred
Note,
144A,
5.673%
to
3/14/29,
FRN
thereafter,
3/15/30
.................................
Spain
200,000
$
207,908
Citigroup,
Inc.
,
c
Junior
Sub.
Bond,
6.625%
to
2/14/31,
FRN
thereafter,
Perpetual
.......................................
United
States
190,000
193,539
c
GG,
Junior
Sub.
Bond,
6.875%
to
8/14/30,
FRN
thereafter,
Perpetual
.......................................
United
States
416,000
425,254
Senior
Note,
4.503%
to
9/10/30,
FRN
thereafter,
9/11/31
....
United
States
485,000
485,548
Sub.
Bond,
6.174%
to
5/24/33,
FRN
thereafter,
5/25/34
.....
United
States
60,000
63,550
b
Commonwealth
Bank
of
Australia
,
Sub.
Bond
,
144A,
5.837
%
,
3/13/34
.........................................
Australia
400,000
420,803
Fifth
Third
Bancorp
,
Senior
Note
,
4.895%
to
9/05/29,
FRN
thereafter
,
9/06/30
.................................
United
States
225,000
228,951
First-Citizens
Bank
&
Trust
Co.
,
Sub.
Bond
,
6.125
%
,
3/09/28
...
United
States
276,000
285,718
ING
Groep
NV
,
Senior
Note
,
6.083%
to
9/10/26,
FRN
thereafter
,
9/11/27
.........................................
Netherlands
275,000
278,393
JPMorgan
Chase
&
Co.
,
Senior
Bond,
5.502%
to
1/23/35,
FRN
thereafter,
1/24/36
...
United
States
133,000
138,377
Senior
Note,
1.04%
to
2/03/26,
FRN
thereafter,
2/04/27
.....
United
States
990,000
989,841
Senior
Note,
6.07%
to
10/21/26,
FRN
thereafter,
10/22/27
...
United
States
1,080,000
1,096,919
Senior
Note,
5.14%
to
1/23/30,
FRN
thereafter,
1/24/31
.....
United
States
337,000
347,783
Sub.
Bond,
5.717%
to
9/13/32,
FRN
thereafter,
9/14/33
.....
United
States
121,000
127,719
Sub.
Bond,
5.576%
to
7/22/35,
FRN
thereafter,
7/23/36
.....
United
States
95,000
97,635
Mitsubishi
UFJ
Financial
Group,
Inc.
,
Senior
Note
,
5.159%
to
4/23/30,
FRN
thereafter
,
4/24/31
......................
Japan
535,000
550,831
NatWest
Group
plc
,
Senior
Note
,
1.642%
to
6/13/26,
FRN
thereafter
,
6/14/27
.................................
United
Kingdom
301,000
298,458
PNC
Financial
Services
Group,
Inc.
(The)
,
Senior
Bond
,
5.373%
to
7/20/35,
FRN
thereafter
,
7/21/36
.....................
United
States
65,000
66,577
d
Truist
Bank
,
Sub.
Bond
,
FRN
,
4.632
%
,
(
5-year
CMT
T-Note
+
1.15
%
),
9/17/29
...................................
United
States
250,000
251,650
Truist
Financial
Corp.
,
Senior
Bond
,
5.711%
to
1/23/34,
FRN
thereafter
,
1/24/35
.................................
United
States
180,000
188,585
US
Bancorp
,
Sub.
Bond
,
2.491%
to
11/02/31,
FRN
thereafter
,
11/03/36
........................................
United
States
294,000
257,457
Wells
Fargo
&
Co.
,
c
BB,
Junior
Sub.
Bond,
3.9%
to
3/14/26,
FRN
thereafter,
Perpetual
.......................................
United
States
120,000
119,928
Senior
Note,
5.574%
to
7/24/28,
FRN
thereafter,
7/25/29
....
United
States
220,000
227,664
Sub.
Bond,
4.3%,
7/22/27
...........................
United
States
200,000
201,022
10,860,132
Biotechnology
0.1%
AbbVie,
Inc.
,
Senior
Bond
,
5.05
%
,
3/15/34
................
United
States
63,000
64,602
Amgen,
Inc.
,
Senior
Bond,
5.65%,
3/02/53
.........................
United
States
93,000
91,604
Senior
Note,
5.25%,
3/02/30
.........................
United
States
185,000
191,997
348,203
Building
Products
0.0%
†
Carlisle
Cos.,
Inc.
,
Senior
Bond
,
5.25
%
,
9/15/35
............
United
States
95,000
96,786
Capital
Markets
1.7%
Blackstone
Private
Credit
Fund
,
Senior
Note
,
3.25
%
,
3/15/27
..
United
States
169,000
166,467
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
4
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Capital
Markets
(continued)
Goldman
Sachs
Group,
Inc.
(The)
,
c
U,
Junior
Sub.
Bond,
3.65%
to
8/09/26,
FRN
thereafter,
Perpetual
.......................................
United
States
57,000
$
56,713
Senior
Bond,
5.065%
to
1/20/36,
FRN
thereafter,
1/21/37
...
United
States
85,000
84,668
Sub.
Bond,
5.95%,
1/15/27
..........................
United
States
172,000
175,175
Intercontinental
Exchange,
Inc.
,
Senior
Note
,
4.35
%
,
6/15/29
...
United
States
200,000
202,091
Jefferies
Financial
Group,
Inc.
,
Senior
Note
,
4.5
%
,
9/15/26
....
United
States
300,000
300,870
LPL
Holdings,
Inc.
,
Senior
Note,
6.75%,
11/17/28
........................
United
States
128,000
136,194
Senior
Note,
5.2%,
3/15/30
..........................
United
States
218,000
223,042
Morgan
Stanley
,
Senior
Bond,
5.073%
to
1/29/36,
FRN
thereafter,
1/30/37
...
United
States
130,000
129,546
Senior
Note,
5.123%
to
1/31/28,
FRN
thereafter,
2/01/29
....
United
States
733,000
747,935
Senior
Note,
4.994%
to
4/11/28,
FRN
thereafter,
4/12/29
....
United
States
267,000
271,936
Senior
Note,
5.23%
to
1/14/30,
FRN
thereafter,
1/15/31
.....
United
States
285,000
293,472
Senior
Note,
4.493%
to
1/15/31,
FRN
thereafter,
1/16/32
....
United
States
130,000
129,943
Sub.
Bond,
5.948%
to
1/18/33,
FRN
thereafter,
1/19/38
.....
United
States
30,000
31,389
b
MSCI,
Inc.
,
Senior
Bond
,
144A,
3.625
%
,
9/01/30
............
United
States
451,000
431,369
Nasdaq,
Inc.
,
Senior
Bond
,
5.55
%
,
2/15/34
................
United
States
30,000
31,368
b
UBS
Group
AG
,
Senior
Note
,
144A,
1.305%
to
2/01/26,
FRN
thereafter
,
2/02/27
.................................
Switzerland
379,000
379,000
3,791,178
Chemicals
0.1%
FMC
Corp.
,
Sub.
Bond
,
8.45%
to
10/31/30,
FRN
thereafter
,
11/01/55
........................................
United
States
315,000
252,883
Commercial
Services
&
Supplies
0.5%
Republic
Services,
Inc.
,
Senior
Note
,
5
%
,
11/15/29
..........
United
States
378,000
390,552
Waste
Connections,
Inc.
,
Senior
Bond
,
5
%
,
3/01/34
..........
United
States
463,000
471,279
Waste
Management,
Inc.
,
Senior
Note
,
4.875
%
,
2/15/29
......
United
States
147,000
150,891
1,012,722
Communications
Equipment
0.1%
Motorola
Solutions,
Inc.
,
Senior
Bond,
2.3%,
11/15/30
.........................
United
States
52,000
47,211
Senior
Note,
4.85%,
8/15/30
.........................
United
States
59,000
60,220
Senior
Note,
5.2%,
8/15/32
..........................
United
States
200,000
206,456
313,887
Consumer
Finance
1.4%
AerCap
Ireland
Capital
DAC
/
AerCap
Global
Aviation
Trust
,
Senior
Bond,
3.3%,
1/30/32
..........................
Ireland
660,000
610,794
Senior
Note,
4.125%,
2/28/29
........................
Ireland
150,000
149,511
Ally
Financial,
Inc.
,
Senior
Bond
,
8
%
,
11/01/31
.............
United
States
162,000
183,746
American
Express
Co.
,
Senior
Note
,
5.098%
to
2/15/27,
FRN
thereafter
,
2/16/28
.................................
United
States
311,000
314,653
b
Avolon
Holdings
Funding
Ltd.
,
Senior
Note,
144A,
5.75%,
11/15/29
...................
Ireland
270,000
280,635
Senior
Note,
144A,
4.9%,
10/10/30
....................
Ireland
295,000
296,865
Capital
One
Financial
Corp.
,
Senior
Note,
1.878%
to
11/01/26,
FRN
thereafter,
11/02/27
..
United
States
104,000
102,251
Senior
Note,
4.493%
to
9/10/30,
FRN
thereafter,
9/11/31
....
United
States
165,000
163,955
Ford
Motor
Credit
Co.
LLC
,
Senior
Note
,
5.8
%
,
3/05/27
.......
United
States
200,000
202,857
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
5
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Consumer
Finance
(continued)
General
Motors
Financial
Co.,
Inc.
,
Senior
Bond,
5.45%,
9/06/34
.........................
United
States
105,000
$
106,678
Senior
Note,
4.2%,
10/27/28
.........................
United
States
70,000
70,194
Senior
Note,
5.8%,
1/07/29
..........................
United
States
175,000
182,516
Senior
Note,
4.9%,
10/06/29
.........................
United
States
66,000
67,078
b
Macquarie
Airfinance
Holdings
Ltd.
,
Senior
Note,
144A,
5.15%,
3/17/30
....................
United
Kingdom
159,000
161,148
Senior
Note,
144A,
6.5%,
3/26/31
.....................
United
Kingdom
180,000
192,706
3,085,587
Consumer
Staples
Distribution
&
Retail
0.3%
b
7-Eleven,
Inc.
,
Senior
Bond,
144A,
1.8%,
2/10/31
.....................
United
States
54,000
47,449
Senior
Note,
144A,
1.3%,
2/10/28
.....................
United
States
483,000
457,312
b
Alimentation
Couche-Tard,
Inc.
,
Senior
Bond
,
144A,
3.55
%
,
7/26/27
.........................................
Canada
256,000
254,314
759,075
Containers
&
Packaging
0.3%
AptarGroup,
Inc.
,
Senior
Note
,
4.75
%
,
3/30/31
.............
United
States
130,000
130,854
Berry
Global,
Inc.
,
Senior
Secured
Note,
1.65%,
1/15/27
..................
United
States
292,000
285,778
Senior
Secured
Note,
5.5%,
4/15/28
...................
United
States
25,000
25,777
WestRock
MWV
LLC
,
Senior
Bond
,
8.2
%
,
1/15/30
...........
United
States
155,000
176,215
618,624
Diversified
REITs
0.6%
GLP
Capital
LP
/
GLP
Financing
II,
Inc.
,
Senior
Bond
,
6.75
%
,
12/01/33
........................................
United
States
193,000
209,254
VICI
Properties
LP
,
Senior
Bond,
5.75%,
4/01/34
.........................
United
States
257,000
265,258
Senior
Note,
4.75%,
2/15/28
.........................
United
States
165,000
166,703
b
VICI
Properties
LP
/
VICI
Note
Co.,
Inc.
,
Senior
Note,
144A,
3.75%,
2/15/27
....................
United
States
62,000
61,659
Senior
Note,
144A,
3.875%,
2/15/29
...................
United
States
510,000
501,596
1,204,470
Diversified
Telecommunication
Services
0.7%
AT&T,
Inc.
,
Senior
Bond,
2.55%,
12/01/33
........................
United
States
9,000
7,659
e
Senior
Bond,
5.125%,
4/30/36
........................
United
States
110,000
109,591
Senior
Note,
4.1%,
2/15/28
..........................
United
States
95,000
95,255
b
Cipher
Compute
LLC
,
Senior
Secured
Note
,
144A,
7.125
%
,
11/15/30
........................................
United
States
490,000
505,514
Comcast
Corp.
,
Senior
Bond
,
2.35
%
,
1/15/27
..............
United
States
368,000
363,162
Sprint
Capital
Corp.
,
Senior
Bond
,
6.875
%
,
11/15/28
.........
United
States
217,000
232,853
Verizon
Communications,
Inc.
,
Senior
Bond,
5.875%,
11/30/55
.......................
United
States
80,000
79,027
Senior
Note,
4.75%,
1/15/33
.........................
United
States
175,000
175,101
1,568,162
Electric
Utilities
2.8%
American
Electric
Power
Co.,
Inc.
,
C,
Junior
Sub.
Bond,
5.8%
to
3/14/31,
FRN
thereafter,
3/15/56
United
States
285,000
285,118
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
6
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Electric
Utilities
(continued)
American
Electric
Power
Co.,
Inc.,
(continued)
D,
Junior
Sub.
Bond,
6.05%
to
3/14/36,
FRN
thereafter,
3/15/56
.........................................
United
States
95,000
$
94,371
Senior
Bond,
5.625%,
3/01/33
........................
United
States
98,000
102,636
DTE
Electric
Co.
,
Senior
Bond
,
5.25
%
,
5/15/35
.............
United
States
165,000
169,176
Duke
Energy
Corp.
,
Senior
Bond,
3.15%,
8/15/27
.........................
United
States
368,000
363,918
Senior
Bond,
5.8%,
6/15/54
..........................
United
States
63,000
62,357
Senior
Note,
4.85%,
1/05/29
.........................
United
States
26,000
26,561
b
Enel
Finance
International
NV
,
Senior
Bond,
144A,
7.5%,
10/14/32
....................
Italy
410,000
471,603
Senior
Note,
144A,
4.375%,
9/30/30
...................
Italy
235,000
234,534
Eversource
Energy
,
Senior
Note
,
5.45
%
,
3/01/28
............
United
States
49,000
50,308
Exelon
Corp.
,
Senior
Bond,
5.625%,
6/15/35
........................
United
States
126,000
131,516
Senior
Note,
5.15%,
3/15/29
.........................
United
States
383,000
394,203
FirstEnergy
Transmission
LLC
,
Senior
Note
,
4.55
%
,
1/15/30
...
United
States
155,000
155,958
Georgia
Power
Co.
,
Senior
Bond,
4.95%,
5/17/33
.........................
United
States
121,000
123,573
Senior
Bond,
5.25%,
3/15/34
.........................
United
States
275,000
283,656
IPALCO
Enterprises,
Inc.
,
Senior
Secured
Note
,
4.25
%
,
5/01/30
United
States
315,000
309,022
NextEra
Energy
Capital
Holdings,
Inc.
,
Senior
Bond,
3.55%,
5/01/27
.........................
United
States
368,000
366,321
Senior
Bond,
5.9%,
3/15/55
..........................
United
States
40,000
40,265
Northern
States
Power
Co.
,
Senior
Bond
,
5.05
%
,
5/15/35
.....
United
States
180,000
183,013
Pacific
Gas
and
Electric
Co.
,
Senior
Bond,
5.9%,
6/15/32
..........................
United
States
117,000
123,172
Senior
Bond,
4.95%,
7/01/50
.........................
United
States
90,000
76,371
Senior
Bond,
6.75%,
1/15/53
.........................
United
States
170,000
181,283
Senior
Note,
5.55%,
5/15/29
.........................
United
States
324,000
334,779
Southern
Co.
(The)
,
Senior
Bond,
5.7%,
3/15/34
..........................
United
States
167,000
175,557
Senior
Note,
5.5%,
3/15/29
..........................
United
States
26,000
27,011
Virginia
Electric
and
Power
Co.
,
Senior
Bond,
5.05%,
8/15/34
.........................
United
States
100,000
101,441
C,
Senior
Bond,
4.9%,
9/15/35
.......................
United
States
230,000
228,708
b
Vistra
Operations
Co.
LLC
,
Senior
Secured
Bond,
144A,
4.3%,
7/15/29
..............
United
States
184,000
183,133
Senior
Secured
Bond,
144A,
6%,
4/15/34
...............
United
States
368,000
386,245
Senior
Secured
Bond,
144A,
5.25%,
10/15/35
............
United
States
85,000
84,211
Senior
Secured
Note,
144A,
3.7%,
1/30/27
..............
United
States
224,000
223,333
Xcel
Energy,
Inc.
,
Senior
Bond
,
5.6
%
,
4/15/35
..............
United
States
190,000
196,420
6,169,773
Electrical
Equipment
0.2%
b
Vertiv
Group
Corp.
,
Senior
Secured
Note
,
144A,
4.125
%
,
11/15/28
........................................
United
States
475,000
468,077
Electronic
Equipment,
Instruments
&
Components
0.1%
Amphenol
Corp.
,
Senior
Note
,
4.4
%
,
2/15/33
...............
United
States
240,000
237,317
Entertainment
0.3%
b
Netflix,
Inc.
,
Senior
Bond,
Reg
S,
3.875%,
11/15/29
.................
United
States
435,000
EUR
534,408
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
7
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Entertainment
(continued)
b
Netflix,
Inc.,
(continued)
Senior
Bond,
144A,
5.375%,
11/15/29
..................
United
States
20,000
$
20,849
555,257
Financial
Services
0.3%
Corebridge
Financial,
Inc.
,
Senior
Note
,
3.85
%
,
4/05/29
.......
United
States
149,000
147,522
b
Petronas
Capital
Ltd.
,
Senior
Note
,
144A,
4.95
%
,
1/03/31
.....
Malaysia
380,000
391,858
539,380
Food
Products
1.0%
JBS
NV
/
JBS
USA
Foods
Group
Holdings,
Inc.
/
JBS
USA
Food
Co.
Holdings
,
Senior
Note,
3%,
2/02/29
...........................
United
States
192,000
185,901
Senior
Note,
6.75%,
3/15/34
.........................
United
States
214,000
236,067
JBS
NV/JBS
USA
Foods
Group
Holdings,
Inc.
/
JBS
USA
Food
Co.
Holdings
,
Senior
Note
,
5.95
%
,
4/20/35
...............
United
States
45,000
47,333
Kellanova
,
Senior
Bond,
4.5%,
4/01/46
..........................
United
States
32,000
28,248
B,
Senior
Bond,
7.45%,
4/01/31
.......................
United
States
47,000
53,938
Kraft
Heinz
Foods
Co.
,
Senior
Bond,
6.875%,
1/26/39
........................
United
States
65,000
72,744
Senior
Bond,
4.625%,
10/01/39
.......................
United
States
65,000
58,736
Senior
Bond,
5%,
6/04/42
...........................
United
States
260,000
237,288
b
Mars,
Inc.
,
Senior
Bond,
144A,
5.65%,
5/01/45
....................
United
States
125,000
126,161
Senior
Bond,
144A,
5.7%,
5/01/55
.....................
United
States
240,000
239,371
Senior
Bond,
144A,
5.8%,
5/01/65
.....................
United
States
65,000
65,274
Senior
Note,
144A,
4.6%,
3/01/28
.....................
United
States
575,000
582,760
Senior
Note,
144A,
5%,
3/01/32
......................
United
States
35,000
35,976
Senior
Note,
144A,
5.2%,
3/01/35
.....................
United
States
205,000
209,963
Pilgrim's
Pride
Corp.
,
Senior
Note
,
3.5
%
,
3/01/32
...........
United
States
85,000
78,626
2,258,386
Ground
Transportation
0.7%
b
Ashtead
Capital,
Inc.
,
Senior
Bond
,
144A,
4.375
%
,
8/15/27
....
United
Kingdom
435,000
434,423
Burlington
Northern
Santa
Fe
LLC
,
Senior
Bond
,
5.55
%
,
3/15/56
United
States
115,000
113,845
b
Penske
Truck
Leasing
Co.
LP
/
PTL
Finance
Corp.
,
Senior
Bond,
144A,
3.4%,
11/15/26
....................
United
States
93,000
92,541
Senior
Note,
144A,
4.4%,
7/01/27
.....................
United
States
395,000
396,473
b
SMBC
Aviation
Capital
Finance
DAC
,
Senior
Note
,
144A,
5.3
%
,
4/03/29
.........................................
Ireland
485,000
498,247
1,535,529
Health
Care
Equipment
&
Supplies
0.2%
GE
HealthCare
Technologies,
Inc.
,
Senior
Note
,
5.65
%
,
11/15/27
United
States
190,000
195,448
b
Medline
Borrower
LP
,
Senior
Secured
Note
,
144A,
3.875
%
,
4/01/29
.........................................
United
States
200,000
195,701
391,149
Health
Care
Providers
&
Services
0.6%
CVS
Health
Corp.
,
Junior
Sub.
Bond,
7%
to
3/09/30,
FRN
thereafter,
3/10/55
...
United
States
125,000
130,886
Senior
Bond,
1.875%,
2/28/31
........................
United
States
85,000
74,877
Senior
Bond,
4.78%,
3/25/38
.........................
United
States
127,000
119,257
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
8
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Health
Care
Providers
&
Services
(continued)
HCA,
Inc.
,
Senior
Bond,
5.6%,
4/01/34
..........................
United
States
200,000
$
207,814
Senior
Bond,
6%,
4/01/54
...........................
United
States
263,000
261,134
Senior
Note,
3.625%,
3/15/32
........................
United
States
59,000
55,689
Humana,
Inc.
,
Senior
Note
,
5.75
%
,
3/01/28
................
United
States
180,000
185,327
Icon
Investments
Six
DAC
,
Senior
Secured
Note
,
5.809
%
,
5/08/27
.........................................
United
States
215,000
219,097
1,254,081
Hotels,
Restaurants
&
Leisure
0.8%
b
Carnival
Corp.
,
Senior
Note,
144A,
5.125%,
5/01/29
...................
United
States
295,000
298,596
Senior
Note,
144A,
5.75%,
3/15/30
....................
United
States
298,000
307,007
Senior
Note,
144A,
5.75%,
8/01/32
....................
United
States
220,000
226,220
Senior
Secured
Note,
144A,
4%,
8/01/28
................
United
States
687,000
680,235
Hyatt
Hotels
Corp.
,
Senior
Note,
5.25%,
6/30/29
.........................
United
States
185,000
190,796
Senior
Note,
5.375%,
12/15/31
.......................
United
States
120,000
123,680
1,826,534
Household
Durables
0.3%
DR
Horton,
Inc.
,
Senior
Bond
,
5
%
,
10/15/34
...............
United
States
276,000
278,419
Toll
Brothers
Finance
Corp.
,
Senior
Bond,
4.35%,
2/15/28
.........................
United
States
111,000
111,609
Senior
Bond,
3.8%,
11/01/29
.........................
United
States
425,000
419,427
809,455
Independent
Power
and
Renewable
Electricity
Producers
0.6%
b
AES
Andes
SA
,
Senior
Note
,
144A,
6.25
%
,
3/14/32
..........
Chile
200,000
207,648
b
Alexander
Funding
Trust
II
,
Senior
Secured
Note
,
144A,
7.467
%
,
7/31/28
.........................................
United
States
240,000
255,623
Constellation
Energy
Generation
LLC
,
Senior
Bond,
6.125%,
1/15/34
........................
United
States
99,000
106,904
Senior
Bond,
6.5%,
10/01/53
.........................
United
States
120,000
129,971
Senior
Bond,
5.75%,
3/15/54
.........................
United
States
184,000
181,635
Senior
Note,
5.6%,
3/01/28
..........................
United
States
342,000
352,699
Senior
Note,
4.4%,
1/15/31
..........................
United
States
95,000
94,804
Southern
Power
Co.
,
B,
Senior
Bond,
4.9%,
10/01/35
.......................
United
States
65,000
63,898
A,
Senior
Note,
4.25%,
10/01/30
......................
United
States
35,000
34,925
1,428,107
Insurance
1.3%
Arthur
J
Gallagher
&
Co.
,
Senior
Note
,
4.85
%
,
12/15/29
......
United
States
125,000
127,937
b
Athene
Global
Funding
,
Secured
Note,
144A,
1.985%,
8/19/28
..................
United
States
385,000
363,477
Secured
Note,
144A,
5.526%,
7/11/31
..................
United
States
320,000
328,628
Secured
Note,
144A,
5.322%,
11/13/31
.................
United
States
222,000
225,964
Athene
Holding
Ltd.
,
Senior
Bond
,
6.25
%
,
4/01/54
...........
United
States
108,000
105,223
Brown
&
Brown,
Inc.
,
Senior
Bond,
5.55%,
6/23/35
.........................
United
States
118,000
120,797
Senior
Note,
4.9%,
6/23/30
..........................
United
States
246,000
249,843
Senior
Note,
5.25%,
6/23/32
.........................
United
States
89,000
90,824
CNA
Financial
Corp.
,
Senior
Bond
,
5.125
%
,
2/15/34
.........
United
States
162,000
163,019
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
9
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Insurance
(continued)
b
CNO
Global
Funding
,
Secured
Note
,
144A,
4.95
%
,
9/09/29
....
United
States
54,000
$
54,926
b
Massachusetts
Mutual
Life
Insurance
Co.
,
Sub.
Bond
,
144A,
3.729
%
,
10/15/70
..................................
United
States
387,000
248,371
b
MetLife
Capital
Trust
IV
,
Junior
Sub.
Bond
,
144A,
7.875
%
,
12/15/37
........................................
United
States
110,000
122,060
b
Protective
Life
Global
Funding
,
Secured
Note
,
144A,
5.467
%
,
12/08/28
........................................
United
States
305,000
316,236
b
Teachers
Insurance
&
Annuity
Association
of
America
,
Sub.
Bond
,
144A,
6.85
%
,
12/16/39
..............................
United
States
92,000
105,371
2,622,676
Interactive
Media
&
Services
0.1%
Meta
Platforms,
Inc.
,
Senior
Bond,
5.55%,
8/15/64
.........................
United
States
140,000
128,630
Senior
Note,
3.5%,
8/15/27
..........................
United
States
175,000
174,706
303,336
Leisure
Products
0.1%
Brunswick
Corp.
,
Senior
Bond
,
2.4
%
,
8/18/31
..............
United
States
297,000
261,954
Life
Sciences
Tools
&
Services
0.1%
Illumina,
Inc.
,
Senior
Note
,
4.65
%
,
9/09/26
................
United
States
150,000
150,399
Media
0.4%
Charter
Communications
Operating
LLC
/
Charter
Communications
Operating
Capital
Corp.
,
Senior
Secured
Bond,
5.85%,
12/01/35
.................
United
States
125,000
124,460
Senior
Secured
Bond,
3.5%,
6/01/41
...................
United
States
110,000
78,779
Paramount
Global
,
Senior
Bond,
4.2%,
6/01/29
..........................
United
States
150,000
146,004
Senior
Bond,
4.95%,
1/15/31
.........................
United
States
110,000
105,274
Senior
Note,
3.7%,
6/01/28
..........................
United
States
59,000
57,511
Time
Warner
Cable
Enterprises
LLC
,
Senior
Secured
Bond
,
8.375
%
,
7/15/33
...................................
United
States
448,000
515,357
1,027,385
Metals
&
Mining
0.4%
b
Glencore
Finance
Canada
Ltd.
,
Senior
Bond
,
144A,
6
%
,
11/15/41
Australia
115,000
119,280
b
Glencore
Funding
LLC
,
Senior
Bond,
144A,
5.634%,
4/04/34
...................
Australia
396,000
414,797
Senior
Note,
144A,
6.375%,
10/06/30
..................
Australia
247,000
266,438
800,515
Multi-Utilities
0.4%
Ameren
Corp.
,
Senior
Note
,
5
%
,
1/15/29
..................
United
States
198,000
202,896
Dominion
Energy,
Inc.
,
Junior
Sub.
Bond
,
6.2%
to
2/14/36,
FRN
thereafter
,
2/15/56
.................................
United
States
140,000
140,546
DTE
Energy
Co.
,
Senior
Note
,
4.95
%
,
7/01/27
..............
United
States
155,000
156,983
Southern
Co.
Gas
Capital
Corp.
,
Senior
Bond
,
4.95
%
,
9/15/34
.
United
States
100,000
100,188
600,613
Oil,
Gas
&
Consumable
Fuels
2.6%
b
Aker
BP
ASA
,
Senior
Bond
,
144A,
5.8
%
,
10/01/54
...........
Norway
190,000
175,232
Canadian
Natural
Resources
Ltd.
,
Senior
Bond,
7.2%,
1/15/32
..........................
Canada
238,000
266,698
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
10
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Oil,
Gas
&
Consumable
Fuels
(continued)
Canadian
Natural
Resources
Ltd.,
(continued)
Senior
Note,
5%,
12/15/29
..........................
Canada
104,000
$
106,867
Cheniere
Energy
Partners
LP
,
Senior
Bond,
3.25%,
1/31/32
.........................
United
States
137,000
126,471
Senior
Note,
4.5%,
10/01/29
.........................
United
States
242,000
243,021
b
Columbia
Pipelines
Operating
Co.
LLC
,
Senior
Note
,
144A,
5.927
%
,
8/15/30
...................................
United
States
95,000
100,751
b
DT
Midstream,
Inc.
,
Senior
Secured
Bond
,
144A,
5.8
%
,
12/15/34
United
States
310,000
321,872
Eastern
Energy
Gas
Holdings
LLC
,
Senior
Bond,
5.8%,
1/15/35
..........................
United
States
137,000
144,798
Senior
Bond,
5.65%,
10/15/54
........................
United
States
53,000
51,625
Energy
Transfer
LP
,
c
B,
Junior
Sub.
Bond,
6.625%
to
2/14/28,
FRN
thereafter,
Perpetual
.......................................
United
States
330,000
334,690
Senior
Note,
5.25%,
7/01/29
.........................
United
States
203,000
209,298
Senior
Note,
5.2%,
4/01/30
..........................
United
States
120,000
123,854
b
KazMunayGas
National
Co.
JSC
,
Senior
Bond
,
Reg
S,
5.375
%
,
4/24/30
.........................................
Kazakhstan
260,000
266,674
Kinder
Morgan
Energy
Partners
LP
,
Senior
Bond
,
5.4
%
,
9/01/44
United
States
198,000
189,368
Kinder
Morgan,
Inc.
,
Senior
Note
,
5
%
,
2/01/29
.............
United
States
139,000
142,669
ONEOK,
Inc.
,
Senior
Note
,
4.75
%
,
10/15/31
...............
United
States
265,000
266,268
b
Pertamina
Hulu
Energi
PT
,
Senior
Note
,
144A,
5.25
%
,
5/21/30
.
Indonesia
230,000
234,109
b
Raizen
Fuels
Finance
SA
,
Senior
Note
,
144A,
6.25
%
,
7/08/32
..
Brazil
200,000
167,750
South
Bow
USA
Infrastructure
Holdings
LLC
,
Senior
Note
,
5.026
%
,
10/01/29
..................................
Canada
505,000
512,877
Targa
Resources
Partners
LP
/
Targa
Resources
Partners
Finance
Corp.
,
Senior
Bond
,
4.875
%
,
2/01/31
............
United
States
84,000
84,806
b
Transcontinental
Gas
Pipe
Line
Co.
LLC
,
Senior
Bond
,
144A,
5.1
%
,
3/15/36
....................................
United
States
130,000
130,550
b
Venture
Global
Calcasieu
Pass
LLC
,
Senior
Secured
Note
,
144A,
6.25
%
,
1/15/30
...................................
United
States
545,000
558,796
Viper
Energy
Partners
LLC
,
Senior
Bond,
5.7%,
8/01/35
..........................
United
States
126,000
128,346
Senior
Note,
4.9%,
8/01/30
..........................
United
States
128,000
129,687
Williams
Cos.,
Inc.
(The)
,
Senior
Bond
,
5.6
%
,
3/15/35
........
United
States
175,000
181,869
5,198,946
Paper
&
Forest
Products
0.1%
b
Georgia-Pacific
LLC
,
Senior
Note
,
144A,
4.95
%
,
6/30/32
......
United
States
280,000
288,168
Passenger
Airlines
0.2%
b
AS
Mileage
Plan
IP
Ltd.
,
Senior
Secured
Note
,
144A,
5.021
%
,
10/20/29
........................................
United
States
345,000
349,026
Personal
Care
Products
0.5%
Haleon
US
Capital
LLC
,
Senior
Note,
3.375%,
3/24/27
........................
United
States
250,000
248,458
Senior
Note,
3.375%,
3/24/29
........................
United
States
310,000
303,413
Kenvue,
Inc.
,
Senior
Note
,
4.85
%
,
5/22/32
.................
United
States
460,000
469,773
1,021,644
Pharmaceuticals
0.8%
Merck
&
Co.,
Inc.
,
Senior
Bond
,
4.75
%
,
12/04/35
............
United
States
100,000
99,183
Novartis
Capital
Corp.
,
Senior
Note
,
4.1
%
,
11/05/30
.........
United
States
445,000
445,127
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
11
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Pharmaceuticals
(continued)
Pfizer
Investment
Enterprises
Pte.
Ltd.
,
Senior
Bond,
5.3%,
5/19/53
..........................
United
States
124,000
$
117,688
Senior
Note,
4.45%,
5/19/28
.........................
United
States
102,000
103,088
Pharmacia
LLC
,
Senior
Bond
,
6.6
%
,
12/01/28
..............
United
States
190,000
203,558
Royalty
Pharma
plc
,
Senior
Bond,
5.4%,
9/02/34
..........................
United
States
191,000
195,685
Senior
Bond,
5.2%,
9/25/35
..........................
United
States
130,000
130,725
Senior
Note,
5.15%,
9/02/29
.........................
United
States
154,000
158,642
Teva
Pharmaceutical
Finance
Netherlands
III
BV
,
Senior
Bond
,
4.1
%
,
10/01/46
...................................
Israel
25,000
19,145
Zoetis,
Inc.
,
Senior
Bond
,
5
%
,
8/17/35
....................
United
States
520,000
523,793
1,996,634
Professional
Services
0.2%
Paychex,
Inc.
,
Senior
Note
,
5.1
%
,
4/15/30
.................
United
States
492,000
506,315
Semiconductors
&
Semiconductor
Equipment
1.1%
Broadcom,
Inc.
,
Senior
Bond,
4.95%,
1/15/36
.........................
United
States
105,000
104,937
Senior
Bond,
5.7%,
1/15/56
..........................
United
States
15,000
15,126
b
Senior
Bond,
144A,
4.926%,
5/15/37
...................
United
States
364,000
358,647
Senior
Note,
3.459%,
9/15/26
........................
United
States
600,000
598,858
b
Foundry
JV
Holdco
LLC
,
Senior
Secured
Bond,
144A,
6.4%,
1/25/38
..............
United
States
200,000
214,359
Senior
Secured
Note,
144A,
6.15%,
1/25/32
.............
United
States
355,000
378,257
Senior
Secured
Note,
144A,
5.9%,
1/25/33
..............
United
States
200,000
209,946
Intel
Corp.
,
Senior
Bond
,
4.15
%
,
8/05/32
..................
United
States
380,000
368,628
Marvell
Technology,
Inc.
,
Senior
Note
,
4.75
%
,
7/15/30
........
United
States
75,000
75,977
2,324,735
Software
0.3%
Oracle
Corp.
,
Senior
Bond,
3.65%,
3/25/41
.........................
United
States
77,000
56,233
Senior
Note,
4.45%,
9/26/30
.........................
United
States
130,000
126,945
Senior
Note,
4.8%,
9/26/32
..........................
United
States
170,000
164,647
Synopsys,
Inc.
,
Senior
Bond,
5.15%,
4/01/35
.........................
United
States
250,000
253,523
Senior
Bond,
5.7%,
4/01/55
..........................
United
States
20,000
19,744
621,092
Specialized
REITs
0.6%
American
Tower
Corp.
,
Senior
Bond,
3.55%,
7/15/27
.........................
United
States
446,000
443,054
Senior
Bond,
3.8%,
8/15/29
..........................
United
States
200,000
197,271
Senior
Bond,
2.9%,
1/15/30
..........................
United
States
217,000
206,202
Senior
Note,
4.7%,
12/15/32
.........................
United
States
75,000
75,089
Crown
Castle,
Inc.
,
Senior
Bond,
3.65%,
9/01/27
.........................
United
States
172,000
170,847
Senior
Bond,
3.8%,
2/15/28
..........................
United
States
100,000
99,382
EPR
Properties
,
Senior
Bond
,
4.5
%
,
6/01/27
...............
United
States
58,000
58,107
Equinix,
Inc.
,
Senior
Bond
,
3.2
%
,
11/18/29
................
United
States
168,000
161,778
1,411,730
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
12
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Corporate
Bonds
(continued)
Specialty
Retail
0.1%
Dick's
Sporting
Goods,
Inc.
,
Senior
Bond,
3.15%,
1/15/32
.........................
United
States
185,000
$
170,635
Senior
Bond,
4.1%,
1/15/52
..........................
United
States
200,000
146,360
316,995
Technology
Hardware,
Storage
&
Peripherals
0.1%
Hewlett
Packard
Enterprise
Co.
,
Senior
Note,
4.55%,
10/15/29
........................
United
States
139,000
140,048
Senior
Note,
4.85%,
10/15/31
........................
United
States
162,000
163,425
303,473
Textiles,
Apparel
&
Luxury
Goods
0.2%
Tapestry,
Inc.
,
Senior
Bond,
3.05%,
3/15/32
.........................
United
States
57,000
51,956
Senior
Bond,
5.5%,
3/11/35
..........................
United
States
170,000
173,480
Senior
Note,
5.1%,
3/11/30
..........................
United
States
140,000
143,629
369,065
Tobacco
0.9%
BAT
Capital
Corp.
,
Senior
Bond,
4.39%,
8/15/37
.........................
United
Kingdom
143,000
131,342
Senior
Note,
4.625%,
3/22/33
........................
United
Kingdom
510,000
505,546
Philip
Morris
International,
Inc.
,
Senior
Note,
4.875%,
2/13/29
........................
United
States
535,000
547,836
Senior
Note,
5.125%,
2/15/30
........................
United
States
626,000
646,399
1,831,123
Trading
Companies
&
Distributors
0.5%
Air
Lease
Corp.
,
Senior
Note
,
5.85
%
,
12/15/27
.............
United
States
139,000
143,245
b
Aviation
Capital
Group
LLC
,
Senior
Note,
144A,
6.25%,
4/15/28
....................
United
States
270,000
280,503
Senior
Note,
144A,
5.375%,
7/15/29
...................
United
States
260,000
267,273
Senior
Note,
144A,
5.125%,
4/10/30
...................
United
States
275,000
279,570
970,591
Wireless
Telecommunication
Services
0.9%
Rogers
Communications,
Inc.
,
Senior
Note,
5%,
2/15/29
...........................
Canada
306,000
312,317
Senior
Note,
3.8%,
3/15/32
..........................
Canada
144,000
136,491
Sub.
Bond,
7.125%
to
4/14/35,
FRN
thereafter,
4/15/55
.....
Canada
160,000
167,853
NC5,
Sub.
Bond,
7%
to
4/14/30,
FRN
thereafter,
4/15/55
....
Canada
320,000
332,071
T-Mobile
USA,
Inc.
,
Senior
Bond,
5%,
2/15/36
...........................
United
States
205,000
202,995
Senior
Note,
3.75%,
4/15/27
.........................
United
States
329,000
328,227
Senior
Note,
2.05%,
2/15/28
.........................
United
States
240,000
230,955
Senior
Note,
3.375%,
4/15/29
........................
United
States
198,000
193,323
Senior
Note,
3.875%,
4/15/30
........................
United
States
11,000
10,815
Senior
Note,
6.7%,
12/15/33
.........................
United
States
25,000
27,903
1,942,950
Total
Corporate
Bonds
(Cost
$69,242,664)
....................................
70,046,891
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
13
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Foreign
Government
and
Agency
Securities
30.3%
b
Angola
Government
Bond
,
Senior
Bond
,
144A,
8.25
%
,
5/09/28
.
Angola
260,000
$
262,358
b
Australia
Government
Bond
,
Senior
Bond,
Reg
S,
2.25%,
5/21/28
...................
Australia
1,640,000
AUD
1,093,638
Senior
Bond,
Reg
S,
3.75%,
4/21/37
...................
Australia
220,000
AUD
138,518
Senior
Bond,
Reg
S,
3%,
3/21/47
......................
Australia
310,000
AUD
154,719
b
Austria
Government
Bond
,
Senior
Bond,
144A,
Reg
S,
0.5%,
2/20/29
...............
Austria
630,000
EUR
708,400
Senior
Bond,
144A,
Reg
S,
1.5%,
2/20/47
...............
Austria
360,000
EUR
290,276
b
Bank
Gospodarstwa
Krajowego
,
Senior
Bond
,
Reg
S,
5.375
%
,
5/22/33
.........................................
Poland
200,000
206,710
b
Belgium
Government
Bond
,
Senior
Bond,
144A,
Reg
S,
1%,
6/22/26
.................
Belgium
740,000
EUR
873,981
Senior
Bond,
144A,
Reg
S,
0.1%,
6/22/30
...............
Belgium
1,500,000
EUR
1,601,715
Senior
Bond,
144A,
Reg
S,
4.25%,
3/28/41
..............
Belgium
630,000
EUR
787,858
b
Benin
Government
Bond
,
Senior
Bond
,
Reg
S,
4.95
%
,
1/22/35
.
Benin
225,000
EUR
251,595
Brazil
Government
Bond
,
Senior
Bond,
3.875%,
6/12/30
........................
Brazil
400,000
383,180
Senior
Bond,
6%,
10/20/33
...........................
Brazil
200,000
202,620
b
Bulgaria
Government
Bond
,
Senior
Bond,
Reg
S,
5%,
3/05/37
......................
Bulgaria
88,000
86,988
Senior
Note,
Reg
S,
3.625%,
9/05/32
...................
Bulgaria
210,000
EUR
257,093
b
Bundesrepublik
Deutschland
,
Reg
S,
2.5
%
,
10/11/29
.........
Germany
900,000
EUR
1,075,716
b
Bundesrepublik
Deutschland
Bundesanleihe
,
Reg
S,
2.6
%
,
8/15/34
.........................................
Germany
900,000
EUR
1,056,220
Chile
Government
Bond
,
Senior
Note
,
4.85
%
,
1/22/29
........
Chile
230,000
234,658
Colombia
Government
Bond
,
Senior
Bond,
8%,
11/14/35
...........................
Colombia
200,000
213,980
Senior
Note,
4.5%,
11/26/30
..........................
Colombia
110,000
EUR
128,767
b
Comision
Federal
de
Electricidad
,
Senior
Bond
,
Reg
S,
3.875
%
,
7/26/33
.........................................
Mexico
300,000
265,269
b
Corp.
Nacional
del
Cobre
de
Chile
,
Senior
Bond
,
144A,
6.33
%
,
1/13/35
.........................................
Chile
200,000
212,788
Denmark
Government
Bond
,
0.5%,
11/15/27
....................................
Denmark
1,550,000
DKK
240,682
4.5%,
11/15/39
....................................
Denmark
650,000
DKK
121,737
b
Dominican
Republic
Government
Bond
,
Senior
Bond,
Reg
S,
5.95%,
1/25/27
...................
Dominican
Republic
241,000
244,374
Senior
Bond,
Reg
S,
4.875%,
9/23/32
..................
Dominican
Republic
270,000
259,127
b
Eagle
Funding
Luxco
SARL
,
Senior
Note
,
144A,
5.5
%
,
8/17/30
.
Mexico
260,000
264,438
Ecopetrol
SA
,
Senior
Bond
,
4.625
%
,
11/02/31
..............
Colombia
140,000
125,894
b
Egypt
Government
Bond
,
Senior
Bond
,
Reg
S,
7.6
%
,
3/01/29
..
Egypt
240,000
252,579
b
El
Salvador
Government
Bond
,
Senior
Bond
,
Reg
S,
8.625
%
,
2/28/29
.........................................
El
Salvador
240,000
258,566
b
Finland
Government
Bond
,
Senior
Bond
,
144A,
Reg
S,
1.125
%
,
4/15/34
.........................................
Finland
370,000
EUR
380,895
b
France
Government
Bond
,
144A,
Reg
S,
0.5%,
5/25/26
..........................
France
230,000
EUR
271,357
144A,
Reg
S,
2.75%,
10/25/27
........................
France
1,440,000
EUR
1,723,893
144A,
Reg
S,
2.75%,
2/25/29
.........................
France
1,500,000
EUR
1,797,321
144A,
Reg
S,
0.5%,
5/25/29
..........................
France
830,000
EUR
924,595
f
144A,
Reg
S,
11/25/30
..............................
France
560,000
EUR
584,848
144A,
Reg
S,
3%,
5/25/33
...........................
France
620,000
EUR
731,000
144A,
Reg
S,
3%,
11/25/34
..........................
France
1,750,000
EUR
2,027,362
144A,
Reg
S,
4.5%,
4/25/41
..........................
France
780,000
EUR
990,918
144A,
Reg
S,
3.25%,
5/25/45
.........................
France
140,000
EUR
147,877
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
14
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
b
France
Government
Bond,
(continued)
144A,
Reg
S,
4%,
4/25/55
...........................
France
480,000
EUR
$
536,465
b
Guatemala
Government
Bond
,
Senior
Bond,
Reg
S,
6.6%,
6/13/36
....................
Guatemala
200,000
214,246
Senior
Note,
144A,
7.05%,
10/04/32
....................
Guatemala
200,000
219,075
b
Hungary
Government
Bond
,
Senior
Note
,
Reg
S,
5.25
%
,
6/16/29
Hungary
260,000
265,240
b
Indonesia
Government
Bond
,
Senior
Bond
,
Reg
S,
4.35
%
,
1/08/27
.........................................
Indonesia
260,000
261,537
b
Ireland
Government
Bond
,
Reg
S,
1.1%,
5/15/29
...............................
Ireland
260,000
EUR
297,075
Reg
S,
2%,
2/18/45
................................
Ireland
110,000
EUR
103,172
b
Italy
Buoni
Poliennali
del
Tesoro
,
Senior
Bond,
144A,
Reg
S,
1.65%,
3/01/32
..............
Italy
1,730,000
EUR
1,910,752
Senior
Bond,
144A,
Reg
S,
4%,
2/01/37
.................
Italy
450,000
EUR
558,242
Senior
Bond,
144A,
Reg
S,
3.1%,
3/01/40
...............
Italy
100,000
EUR
109,871
Senior
Bond,
144A,
Reg
S,
4.75%,
9/01/44
..............
Italy
500,000
EUR
651,789
Senior
Bond,
144A,
Reg
S,
1.7%,
9/01/51
...............
Italy
280,000
EUR
202,123
Senior
Bond,
Reg
S,
6.5%,
11/01/27
...................
Italy
1,520,000
EUR
1,935,204
Senior
Note,
Reg
S,
2.95%,
7/01/30
....................
Italy
1,000,000
EUR
1,201,377
b
Ivory
Coast
Government
Bond
,
Senior
Bond
,
Reg
S,
6.125
%
,
6/15/33
.........................................
Ivory
Coast
340,000
336,818
Japan
Government
Bond
,
0.1%,
3/20/27
....................................
Japan
600,000,000
JPY
3,836,935
2.3%,
6/20/27
....................................
Japan
205,000,000
JPY
1,346,566
2.2%,
3/20/31
....................................
Japan
845,000,000
JPY
5,601,230
0.4%,
3/20/36
....................................
Japan
435,000,000
JPY
2,340,904
2.3%,
3/20/40
....................................
Japan
310,000,000
JPY
1,900,405
0.3%,
6/20/46
....................................
Japan
171,000,000
JPY
629,158
0.8%,
3/20/47
....................................
Japan
93,000,000
JPY
377,251
2.2%,
3/20/51
....................................
Japan
212,000,000
JPY
1,067,382
2.1%,
9/20/54
....................................
Japan
90,000,000
JPY
426,584
0.5%,
3/20/60
....................................
Japan
102,000,000
JPY
273,194
b
Kazakhstan
Government
Bond
,
Senior
Bond
,
Reg
S,
4.714
%
,
4/09/35
.........................................
Kazakhstan
260,000
256,381
Malaysia
Government
Bond
,
3.582
%
,
7/15/32
..............
Malaysia
2,280,000
MYR
583,426
Mexican
Bonos
Desarr
Fixed
Rate
,
M
,
7.75
%
,
5/29/31
........
Mexico
10,900,000
g
MXN
609,313
Mexico
Government
Bond
,
Senior
Bond
,
2.659
%
,
5/24/31
.....
Mexico
220,000
195,492
b
Montenegro
Government
Bond
,
Senior
Note
,
144A,
4.875
%
,
4/01/32
.........................................
Montenegro
210,000
EUR
256,220
b
Netherlands
Government
Bond
,
144A,
Reg
S,
0.5%,
7/15/26
..........................
Netherlands
300,000
EUR
353,350
144A,
Reg
S,
0.25%,
7/15/29
.........................
Netherlands
290,000
EUR
320,822
144A,
Reg
S,
3.75%,
1/15/42
.........................
Netherlands
410,000
EUR
511,557
New
Zealand
Government
Bond
,
3
%
,
4/20/29
..............
New
Zealand
380,000
NZD
224,572
b
Nigeria
Government
Bond
,
Senior
Note
,
144A,
8.375
%
,
3/24/29
Nigeria
240,000
255,617
b
Norway
Government
Bond
,
Senior
Bond
,
144A,
Reg
S,
1.75
%
,
2/17/27
.........................................
Norway
1,880,000
NOK
190,928
Panama
Government
Bond
,
Senior
Note
,
7.5
%
,
3/01/31
......
Panama
220,000
242,803
b
Paraguay
Government
Bond
,
Senior
Bond
,
144A,
3.849
%
,
6/28/33
.........................................
Paraguay
490,000
461,090
Peru
Government
Bond
,
Senior
Bond
,
2.783
%
,
1/23/31
.......
Peru
420,000
388,647
Petroleos
Mexicanos
,
Senior
Note
,
6.7
%
,
2/16/32
...........
Mexico
145,000
144,857
Philippines
Government
Bond
,
Senior
Bond
,
5.5
%
,
2/04/35
....
Philippines
360,000
376,223
Poland
Government
Bond
,
5.75
%
,
4/25/29
................
Poland
1,480,000
PLN
439,822
b
Portugal
Obrigacoes
do
Tesouro
,
Senior
Bond
,
144A,
Reg
S,
0.3
%
,
10/17/31
...................................
Portugal
320,000
EUR
333,762
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
15
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Foreign
Government
and
Agency
Securities
(continued)
b
Power
Finance
Corp.
Ltd.
,
Senior
Bond
,
Reg
S,
3.95
%
,
4/23/30
.
India
270,000
$
262,760
b
Romania
Government
Bond
,
Senior
Bond,
Reg
S,
5.625%,
2/22/36
..................
Romania
320,000
EUR
388,055
Senior
Note,
144A,
3%,
2/27/27
.......................
Romania
330,000
325,577
b
Serbia
Government
Bond
,
Senior
Note
,
144A,
6.25
%
,
5/26/28
..
Serbia
310,000
321,530
South
Africa
Government
Bond
,
Senior
Bond,
4.85%,
9/27/27
.........................
South
Africa
400,000
403,790
Senior
Bond,
5.875%,
4/20/32
........................
South
Africa
200,000
205,291
b
Southern
Gas
Corridor
CJSC
,
Senior
Bond
,
Reg
S,
6.875
%
,
3/24/26
.........................................
Azerbaijan
250,000
251,581
b
Spain
Bonos
Y
Obligaciones
del
Estado
,
144A,
Reg
S,
5.15%,
10/31/28
........................
Spain
800,000
EUR
1,020,650
Senior
Bond,
144A,
Reg
S,
1.95%,
4/30/26
..............
Spain
850,000
EUR
1,007,437
Senior
Bond,
144A,
Reg
S,
3.55%,
10/31/33
.............
Spain
1,010,000
EUR
1,243,101
Senior
Bond,
144A,
Reg
S,
5.15%,
10/31/44
.............
Spain
410,000
EUR
573,109
Senior
Bond,
144A,
Reg
S,
2.9%,
10/31/46
..............
Spain
210,000
EUR
214,764
Senior
Bond,
144A,
Reg
S,
1%,
10/31/50
................
Spain
50,000
EUR
31,806
b
Sweden
Government
Bond
,
Reg
S,
1%,
11/12/26
...............................
Sweden
6,950,000
SEK
774,484
Reg
S,
3.5%,
3/30/39
...............................
Sweden
660,000
SEK
78,499
b
Switzerland
Government
Bond
,
Reg
S,
4%,
4/08/28
................................
Switzerland
540,000
CHF
761,816
Reg
S,
1.5%,
4/30/42
...............................
Switzerland
290,000
CHF
441,334
Thailand
Government
Bond
,
Senior
Bond,
2%,
12/17/31
...........................
Thailand
15,700,000
THB
512,939
Senior
Bond,
2.41%,
3/17/35
.........................
Thailand
15,500,000
THB
512,709
Turkiye
Government
Bond
,
Senior
Bond
,
5.95
%
,
1/15/31
......
Turkiye
590,000
591,145
b
United
Kingdom
Gilt
,
Reg
S,
6%,
12/07/28
...............................
United
Kingdom
420,000
GBP
610,607
Reg
S,
3.5%,
7/22/68
...............................
United
Kingdom
610,000
GBP
593,300
h
Uruguay
Government
Bond
,
Senior
Bond
,
PIK,
7.875
%
,
1/15/33
Uruguay
370,000
438,654
b
Uzbekistan
Government
Bond
,
Senior
Note
,
144A,
6.9
%
,
2/28/32
Uzbekistan
240,000
258,517
Total
Foreign
Government
and
Agency
Securities
(Cost
$71,363,296)
............
66,405,442
Asset-Backed
Securities
6.0%
Capital
Markets
0.2%
b,i
Magnetite
XL
Ltd.
,
2024-40A
,
A1
,
144A,
FRN
,
5.122
%
,
(
3-month
SOFR
+
1.45
%
),
7/15/37
.
............................
United
States
512,000
513,792
Financial
Services
5.8%
b,i
AIMCO
CLO
17
Ltd.
,
2022-17A
,
A1R
,
144A,
FRN
,
5.019
%
,
(
3-month
SOFR
+
1.35
%
),
7/20/37
.
....................
Jersey
350,000
351,241
b,i
Allegro
CLO
XII
Ltd.
,
2020-1A
,
A1R
,
144A,
FRN
,
5.11
%
,
(
3-month
SOFR
+
1.44
%
),
7/21/37
.
............................
United
States
250,000
250,875
b,i
Apex
Credit
CLO
Ltd.
,
2024-2A
,
A
,
144A,
FRN
,
5.188
%
,
(
3-month
SOFR
+
1.52
%
),
7/25/37
.
............................
United
States
250,000
251,099
b,i
Bain
Capital
Credit
CLO
Ltd.
,
2022-2A
,
A1R
,
144A,
FRN
,
4.819
%
,
(
3-month
SOFR
+
1.15
%
),
4/22/35
.
....................
United
States
250,000
250,250
b,i
Battalion
CLO
18
Ltd.
,
2020-18A
,
ARR
,
144A,
FRN
,
4.852
%
,
(
3-month
SOFR
+
1.18
%
),
10/15/36
.
...................
United
States
260,000
260,365
b,i
Battalion
CLO
X
Ltd.
,
2016-10A
,
A1R3
,
144A,
FRN
,
4.808
%
,
(
3-month
SOFR
+
1.14
%
),
1/24/35
.
....................
United
States
299,453
299,843
b
Bayview
Opportunity
Master
Fund
VII
Trust
,
2023-1A
,
A
,
144A,
6.93
%
,
10/28/60
.
..................................
United
States
92,796
94,652
b,i
Birch
Grove
CLO
2
Ltd.
,
2021-2A
,
A1R
,
144A,
FRN
,
5.068
%
,
(
3-month
SOFR
+
1.4
%
),
10/19/37
.
....................
United
States
250,000
251,017
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
16
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
b,i
Birch
Grove
CLO
8
Ltd.
,
2024-8A
,
A1
,
144A,
FRN
,
5.298
%
,
(
3-month
SOFR
+
1.63
%
),
4/20/37
.
....................
Jersey
150,000
$
150,692
i
Carrington
Mortgage
Loan
Trust
,
2006-NC2
,
A4
,
FRN
,
4.267
%
,
(
1-month
SOFR
+
0.594
%
),
6/25/36
.
...................
United
States
86,540
83,974
b,i
Cathedral
Lake
VIII
Ltd.
,
2021-8A
,
A1R
,
144A,
FRN
,
4.798
%
,
(
3-month
SOFR
+
1.13
%
),
1/20/35
.
....................
United
States
400,000
400,409
b,i
CBAM
Ltd.
,
2017-2A
,
AR
,
144A,
FRN
,
5.119
%
,
(
3-month
SOFR
+
1.452
%
),
7/17/34
.
.................................
United
States
175,000
175,225
b,i
CIFC
Funding
Ltd.
,
2021-4A,
AR,
144A,
FRN,
5.031%,
(3-month
SOFR
+
1.36%),
7/23/37
.........................................
United
States
250,000
250,904
2021-7A,
AR,
144A,
FRN,
4.761%,
(3-month
SOFR
+
1.09%),
1/23/35
.........................................
United
States
909,000
910,498
b
Compass
Datacenters
Issuer
II
LLC
,
2025-2A
,
A1
,
144A,
4.926
%
,
11/25/50
.
........................................
United
States
580,000
578,182
b,i
Diameter
Capital
CLO
7
Ltd.
,
2024-7A
,
A1A
,
144A,
FRN
,
5.148
%
,
(
3-month
SOFR
+
1.48
%
),
7/20/37
.
....................
United
States
250,000
251,137
b,i
Elevation
CLO
Ltd.
,
2018-10A,
AR,
144A,
FRN,
4.588%,
(3-month
SOFR
+
0.92%),
10/20/31
........................................
United
States
507
507
2021-13A,
A1R,
144A,
FRN,
4.732%,
(3-month
SOFR
+
1.06%),
7/15/34
...................................
United
States
250,000
250,244
b,i
Elmwood
CLO
27
Ltd.
,
2024-3A
,
A
,
144A,
FRN
,
5.188
%
,
(
3-month
SOFR
+
1.52
%
),
4/18/37
.
....................
United
States
300,000
301,270
b,i
Elmwood
CLO
33
Ltd.
,
2024-9RA
,
AR
,
144A,
FRN
,
5.05
%
,
(
3-month
SOFR
+
1.38
%
),
10/21/37
.
...................
United
States
250,000
250,915
b,i
Elmwood
CLO
I
Ltd.
,
e
2019-1A,
A1R3,
144A,
FRN,
Zero
Cpn.,
(3-month
SOFR
+
1.12%),
4/20/37
...................................
United
States
225,000
225,056
2019-1A,
A1RR,
144A,
FRN,
5.188%,
(3-month
SOFR
+
1.52%),
4/20/37
...................................
United
States
225,000
225,158
b,i
Elmwood
CLO
III
Ltd.
,
2019-3A
,
A1RR
,
144A,
FRN
,
5.048
%
,
(
3-month
SOFR
+
1.38
%
),
7/18/37
.
....................
United
States
250,000
250,883
b
FIGRE
Trust
,
2025-FL1,
A1,
144A,
5.265%,
7/25/55
..................
United
States
126,904
127,741
2025-FL2,
A1,
144A,
5.053%,
11/25/55
.................
United
States
147,075
147,705
b,i
GoldenTree
Loan
Management
US
CLO
9
Ltd.
,
2021-9A
,
AR
,
144A,
FRN
,
5.168
%
,
(
3-month
SOFR
+
1.5
%
),
4/20/37
.
.....
United
States
250,000
251,061
j
GSAA
Home
Equity
Trust
,
2006-15
,
AF3A
,
FRN
,
5.882
%
,
9/25/36
.
United
States
821,553
263,711
b,i
J.P.
Morgan
Mortgage
Trust
,
2023-HE2
,
A1
,
144A,
FRN
,
5.402
%
,
(
30-day
SOFR
Average
+
1.7
%
),
3/20/54
.
................
United
States
180,284
181,083
b,e,i
Madison
Park
Funding
L
Ltd.
,
2021-50A
,
AR
,
144A,
FRN
,
Zero
Cpn.,
(
3-month
SOFR
+
0.97
%
),
4/19/34
.
................
United
States
500,000
500,125
b,i
Neuberger
Berman
CLO
XVII
Ltd.
,
2014-17A
,
AR3
,
144A,
FRN
,
5.069
%
,
(
3-month
SOFR
+
1.4
%
),
7/22/38
.
...............
United
States
300,000
301,080
b,i
Neuberger
Berman
Loan
Advisers
CLO
25
Ltd.
,
2017-25A
,
AR2
,
144A,
FRN
,
5.068
%
,
(
3-month
SOFR
+
1.4
%
),
7/18/38
.
.....
United
States
250,000
250,997
b,i
Northwoods
Capital
27
Ltd.
,
2021-27A
,
A1R
,
144A,
FRN
,
4.848
%
,
(
3-month
SOFR
+
1.18
%
),
10/17/34
.
...................
United
States
380,000
380,452
i
NovaStar
Mortgage
Funding
Trust
,
2006-5
,
A2C
,
FRN
,
4.127
%
,
(
1-month
SOFR
+
0.454
%
),
11/25/36
.
...................
United
States
942,049
286,473
b,i
Oaktree
CLO
Ltd.
,
2019-4A,
ARR,
144A,
FRN,
5.178%,
(3-month
SOFR
+
1.51%),
7/20/37
.........................................
United
States
250,000
251,103
2021-1A,
A1R,
144A,
FRN,
5.022%,
(3-month
SOFR
+
1.35%),
1/15/38
.........................................
United
States
250,000
251,187
b,i
OHA
Loan
Funding
Ltd.
,
2016-1A
,
A1R2
,
144A,
FRN
,
5.128
%
,
(
3-month
SOFR
+
1.46
%
),
7/20/37
.
....................
United
States
427,000
428,130
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
17
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Asset-Backed
Securities
(continued)
Financial
Services
(continued)
b
PK
Alift
Loan
Funding
7
LP
,
2025-2
,
A
,
144A,
4.75
%
,
3/15/43
.
..
United
States
239,648
$
240,110
b,i
PRMI
Securitization
Trust
,
2024-CMG1
,
A1
,
144A,
FRN
,
5.25
%
,
(
30-day
SOFR
Average
+
1.45
%
),
7/25/54
.
...............
United
States
211,432
212,063
i
Renaissance
Home
Equity
Loan
Trust
,
2003-4
,
A1
,
FRN
,
4.827
%
,
(
1-month
SOFR
+
1.154
%
),
3/25/34
.
...................
United
States
109,953
101,077
b,i
RR
29
Ltd.
,
2024-29RA
,
A1R
,
144A,
FRN
,
5.062
%
,
(
3-month
SOFR
+
1.39
%
),
7/15/39
.
............................
United
States
250,000
250,879
b,i
Symphony
CLO
XXIII
Ltd.
,
2020-23A
,
AR2
,
144A,
FRN
,
4.572
%
,
(
3-month
SOFR
+
0.9
%
),
1/15/34
.
.....................
United
States
241,821
241,942
b,i
Towd
Point
Mortgage
Trust
,
2025-HE1
,
A1A
,
144A,
FRN
,
5.047
%
,
(
30-day
SOFR
Average
+
1.35
%
),
7/25/65
.
...............
United
States
94,998
95,415
b,i
Trinitas
CLO
XVI
Ltd.
,
2021-16A
,
A1R
,
144A,
FRN
,
4.798
%
,
(
3-month
SOFR
+
1.13
%
),
7/20/34
.
....................
United
States
540,000
540,735
b
VCAT
LLC
,
2026-NPL1
,
A1
,
144A,
5.101
%
,
1/25/56
.
.........
United
States
132,000
132,329
b,i
Venture
XIX
CLO
Ltd.
,
2014-19A
,
ARR
,
144A,
FRN
,
5.194
%
,
(
3-month
SOFR
+
1.522
%
),
1/15/32
.
...................
United
States
62,280
62,407
i
WaMu
Asset-Backed
Certificates
Trust
,
2006-HE2
,
A3
,
FRN
,
4.087
%
,
(
1-month
SOFR
+
0.414
%
),
5/25/36
.
.............
United
States
425,295
337,461
b,i
Wise
CLO
Ltd.
,
2024-2A
,
A
,
144A,
FRN
,
5.132
%
,
(
3-month
SOFR
+
1.46
%
),
7/15/37
.
.................................
United
States
400,000
401,568
12,551,230
a
a
a
a
a
a
Total
Asset-Backed
Securities
(Cost
$13,416,239)
.............................
13,065,022
Commercial
Mortgage-Backed
Securities
4.1%
Financial
Services
4.1%
b,i
AREIT
Trust
,
2022-CRE6
,
A
,
144A,
FRN
,
4.952
%
,
(
30-day
SOFR
Average
+
1.25
%
),
1/20/37
...........................
United
States
155,885
156,022
j,k
BANK
,
2019-BN20,
XA,
IO,
FRN,
0.806%,
9/15/62
..............
United
States
8,748,360
218,471
2020-BN30,
XA,
IO,
FRN,
1.249%,
12/15/53
.............
United
States
6,799,576
314,874
Barclays
Commercial
Mortgage
Trust
,
2019-C3
,
B
,
4.096
%
,
5/15/52
.........................................
United
States
246,000
232,763
j,k
BBCMS
Mortgage
Trust
,
2020-C8
,
XA
,
IO,
FRN
,
1.803
%
,
10/15/53
........................................
United
States
4,436,822
259,146
b
BX
Trust
,
j
2025-ARIA,
C,
144A,
FRN,
5.517%,
12/13/42
.............
United
States
436,000
443,608
i
2025-VOLT,
A,
144A,
FRN,
5.38%,
(1-month
SOFR
+
1.7%),
12/15/44
........................................
United
States
120,000
120,766
j
CD
Mortgage
Trust
,
2017-CD4
,
B
,
FRN
,
3.947
%
,
5/10/50
.....
United
States
323,000
310,085
j
CFCRE
Commercial
Mortgage
Trust
,
b
2011-C2,
E,
144A,
FRN,
5.08%,
12/15/47
................
United
States
230,000
218,795
2017-C8,
B,
FRN,
4.199%,
6/15/50
....................
United
States
210,000
203,894
j
Citigroup
Commercial
Mortgage
Trust
,
2016-P6
,
A5
,
FRN
,
3.72
%
,
12/10/49
........................................
United
States
238,000
234,339
j
COMM
Mortgage
Trust
,
b
2013-CR13,
D,
144A,
FRN,
5.102%,
11/10/46
............
United
States
280,000
152,597
2014-CR14,
C,
FRN,
3.62%,
2/10/47
...................
United
States
52,000
50,355
2014-CR17,
C,
FRN,
4.866%,
5/10/47
..................
United
States
459,000
437,145
2014-UBS6,
C,
FRN,
4.461%,
12/10/47
.................
United
States
3,211
3,188
2015-LC19,
C,
FRN,
4.426%,
2/10/48
..................
United
States
200,679
195,802
b,j,k
Credit
Suisse
Commercial
Mortgage
Trust
,
2006-C4,
AX,
IO,
144A,
FRN,
1.181%,
9/15/39
............
United
States
217
1
2007-C2,
AX,
IO,
144A,
FRN,
0.009%,
1/15/49
............
United
States
614,962
152
CSAIL
Commercial
Mortgage
Trust
,
j
2015-C1,
C,
FRN,
3.778%,
4/15/50
....................
United
States
371,000
339,376
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
18
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Commercial
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
CSAIL
Commercial
Mortgage
Trust,
(continued)
2016-C6,
AS,
3.346%,
1/15/49
........................
United
States
254,000
$
252,466
j
CSMC
Trust
,
2016-NXSR
,
AS
,
FRN
,
4.049
%
,
12/15/49
.......
United
States
267,000
262,909
b,j
DBUBS
Mortgage
Trust
,
2011-LC3A
,
D
,
144A,
FRN
,
5.382
%
,
8/10/44
.........................................
United
States
549,184
537,171
b,j
J.P.
Morgan
Chase
Commercial
Mortgage
Securities
Trust
,
2012-
LC9
,
D
,
144A,
FRN
,
3.608
%
,
12/15/47
..................
United
States
441,000
423,829
j
JPMBB
Commercial
Mortgage
Securities
Trust
,
k
2014-C22,
XA,
IO,
FRN,
0.404%,
9/15/47
................
United
States
453,491
10
2014-C23,
B,
FRN,
4.536%,
9/15/47
...................
United
States
188,000
184,969
j,k
JPMCC
Commercial
Mortgage
Securities
Trust
,
2019-COR5
,
XA
,
IO,
FRN
,
1.428
%
,
6/13/52
...........................
United
States
7,181,368
254,259
j
Morgan
Stanley
Bank
of
America
Merrill
Lynch
Trust
,
2013-C10,
B,
FRN,
3.952%,
7/15/46
...................
United
States
483,213
461,737
b
2013-C9,
D,
144A,
FRN,
3.794%,
5/15/46
...............
United
States
274,000
253,884
2015-C22,
C,
FRN,
3.973%,
4/15/48
...................
United
States
659,000
583,937
b
One
Bryant
Park
Trust
,
2019-OBP
,
A
,
144A,
2.516
%
,
9/15/54
..
United
States
214,000
199,542
b,i
SHRN
Trust
,
2025-MF18
,
A
,
144A,
FRN
,
4.88
%
,
(
1-month
SOFR
+
1.2
%
),
10/15/40
.................................
United
States
320,000
320,791
j,k
UBS
Commercial
Mortgage
Trust
,
2017-C7
,
XA
,
IO,
FRN
,
0.964
%
,
12/15/50
..................................
United
States
5,161,892
76,883
Wells
Fargo
Commercial
Mortgage
Trust
,
2016-BNK1,
AS,
2.814%,
8/15/49
......................
United
States
707,000
682,227
j,k
2016-LC25,
XA,
IO,
FRN,
0.792%,
12/15/59
..............
United
States
3,579,894
12,998
2017-RC1,
AS,
3.844%,
1/15/60
.......................
United
States
182,000
180,085
2017-RC1,
C,
4.591%,
1/15/60
........................
United
States
199,000
192,870
j,k
2019-C52,
XA,
IO,
FRN,
1.564%,
8/15/52
................
United
States
3,009,147
129,065
j
2020-C57,
C,
FRN,
4.023%,
8/15/53
...................
United
States
167,000
152,533
j,k
WFRBS
Commercial
Mortgage
Trust
,
2013-C14
,
XA
,
IO,
FRN
,
0.342
%
,
6/15/46
...................................
United
States
137,777
1
9,053,545
a
a
a
a
a
a
Total
Commercial
Mortgage-Backed
Securities
(Cost
$9,327,234)
...............
9,053,545
Mortgage-Backed
Securities
30.9%
Federal
Home
Loan
Mortgage
Corp.
(FHLMC)
Fixed
Rate
0.9%
FHLMC
Pool,
30
Year,
3.5%,
4/01/52
.....................
United
States
843,187
784,029
FHLMC
Pool,
30
Year,
6%,
9/01/53
......................
United
States
1,233,400
1,274,336
2,058,365
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
26.8%
FNMA,
20
Year,
1.5%,
11/01/41
.........................
United
States
491,226
409,685
FNMA,
30
Year,
3.5%,
11/01/51
.........................
United
States
789,942
732,867
FNMA,
30
Year,
6%,
9/01/54
...........................
United
States
1,042,704
1,068,313
l
Uniform
Mortgage-Backed
Securities,
2%,
TBA,
2/25/56
......
United
States
5,000,000
4,057,528
l
Uniform
Mortgage-Backed
Securities,
2.5%,
TBA,
2/25/56
.....
United
States
5,000,000
4,244,926
l
Uniform
Mortgage-Backed
Securities,
3%,
TBA,
2/25/56
......
United
States
2,000,000
1,772,999
l
Uniform
Mortgage-Backed
Securities,
3.5%,
TBA,
2/25/56
.....
United
States
1,000,000
925,067
l
Uniform
Mortgage-Backed
Securities,
4%,
TBA,
2/25/56
......
United
States
3,910,000
3,739,854
l
Uniform
Mortgage-Backed
Securities,
5.5%,
TBA,
2/25/56
.....
United
States
34,000,000
34,478,270
l
Uniform
Mortgage-Backed
Securities,
6%,
TBA,
2/25/56
......
United
States
2,000,000
2,048,271
l
Uniform
Mortgage-Backed
Securities,
6.5%,
TBA,
2/25/56
.....
United
States
5,000,000
5,178,516
58,656,296
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
3.2%
l
GNMA
II,
Single-family,
30
Year,
2.5%,
2/15/56
.............
United
States
1,000,000
866,329
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
19
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Mortgage-Backed
Securities
(continued)
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
(continued)
GNMA
II,
Single-family,
30
Year,
4%,
2/20/48
...............
United
States
1,567,144
$
1,510,903
l
GNMA
II,
Single-family,
30
Year,
4%,
2/15/56
...............
United
States
1,000,000
945,794
l
GNMA
II,
Single-family,
30
Year,
5.5%,
2/15/56
.............
United
States
2,000,000
2,022,158
GNMA
II,
Single-family,
30
Year,
6%,
11/20/53
..............
United
States
1,545,776
1,615,087
6,960,271
Total
Mortgage-Backed
Securities
(Cost
$67,397,695)
..........................
67,674,932
Residential
Mortgage-Backed
Securities
7.3%
Financial
Services
7.3%
b
A&D
Mortgage
Trust
,
2023-NQM5
,
A1
,
144A,
7.049
%
,
11/25/68
.
United
States
577,169
584,547
i
Alternative
Loan
Trust
,
2006-OA10,
1A1,
FRN,
4.628%,
(12-month
average
of
1-year
CMT
+
0.96%),
8/25/46
.............................
United
States
88,006
81,292
2006-OA10,
4A1,
FRN,
4.167%,
(1-month
SOFR
+
0.494%),
8/25/46
.........................................
United
States
216,869
192,736
2006-OA19,
A1,
FRN,
3.97%,
(1-month
SOFR
+
0.294%),
2/20/47
.........................................
United
States
121,063
99,293
2006-OA7,
1A2,
FRN,
4.608%,
(12-month
average
of
1-year
CMT
+
0.94%),
6/25/46
.............................
United
States
157,309
157,569
b
Angel
Oak
Mortgage
Trust
,
2024-9
,
A1
,
144A,
5.138
%
,
9/25/69
.
United
States
246,881
248,113
b,j
Arroyo
Mortgage
Trust
,
2019-3
,
A3
,
144A,
FRN
,
3.416
%
,
10/25/48
........................................
United
States
44,857
43,432
i
BankUnited
Trust
,
2005-1
,
1A1
,
FRN
,
4.387
%
,
(
1-month
SOFR
+
0.714
%
),
9/25/45
..................................
United
States
48,546
46,450
b
BRAVO
Residential
Funding
Trust
,
2024-NQM2
,
A1
,
144A,
6.285
%
,
2/25/64
...................................
United
States
128,368
129,743
b,i
Chase
Home
Lending
Mortgage
Trust
,
2025-10,
A11,
144A,
FRN,
4.997%,
(30-day
SOFR
Average
+
1.3%),
7/25/56
....................................
United
States
93,349
93,802
2025-7,
A11,
144A,
FRN,
5.097%,
(30-day
SOFR
Average
+
1.4%),
5/25/56
....................................
United
States
91,704
92,246
b,i
Chevy
Chase
Funding
LLC
,
2006-4A
,
A2
,
144A,
FRN
,
3.967
%
,
(
1-month
SOFR
+
0.294
%
),
11/25/47
...................
United
States
137,420
125,184
b
COLT
Mortgage
Loan
Trust
,
2023-3
,
A1
,
144A,
7.18
%
,
9/25/68
.
United
States
572,819
579,775
b
Cross
Mortgage
Trust
,
2024-H1,
A1,
144A,
6.085%,
12/25/68
..................
United
States
223,758
225,928
2024-H3,
A1,
144A,
6.272%,
6/25/69
...................
United
States
214,576
217,509
2024-H4,
A1,
144A,
6.147%,
7/25/69
...................
United
States
481,326
488,428
b,i
FHLMC
STACR
REMIC
Trust
,
2021-DNA5,
M2,
144A,
FRN,
5.347%,
(30-day
SOFR
Average
+
1.65%),
1/25/34
.................................
United
States
42,702
42,867
2021-DNA6,
M2,
144A,
FRN,
5.197%,
(30-day
SOFR
Average
+
1.5%),
10/25/41
.................................
United
States
292,172
293,243
2021-DNA7,
M2,
144A,
FRN,
5.497%,
(30-day
SOFR
Average
+
1.8%),
11/25/41
..................................
United
States
889,000
896,131
2022-DNA2,
M1A,
144A,
FRN,
4.997%,
(30-day
SOFR
Average
+
1.3%),
2/25/42
..................................
United
States
46,259
46,320
2022-DNA3,
M1B,
144A,
FRN,
6.597%,
(30-day
SOFR
Average
+
2.9%),
4/25/42
..................................
United
States
30,000
30,699
2022-DNA5,
M1A,
144A,
FRN,
6.647%,
(30-day
SOFR
Average
+
2.95%),
6/25/42
.................................
United
States
209,374
212,803
2022-DNA6,
M1A,
144A,
FRN,
5.847%,
(30-day
SOFR
Average
+
2.15%),
9/25/42
.................................
United
States
6,425
6,454
2022-DNA6,
M1B,
144A,
FRN,
7.397%,
(30-day
SOFR
Average
+
3.7%),
9/25/42
..................................
United
States
24,000
25,001
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
20
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
b,i
FHLMC
STACR
REMIC
Trust,
(continued)
2022-HQA1,
M1A,
144A,
FRN,
5.797%,
(30-day
SOFR
Average
+
2.1%),
3/25/42
..................................
United
States
4,777
$
4,789
2023-DNA1,
M1A,
144A,
FRN,
5.797%,
(30-day
SOFR
Average
+
2.1%),
3/25/43
..................................
United
States
133,331
134,971
2023-HQA2,
M1A,
144A,
FRN,
5.697%,
(30-day
SOFR
Average
+
2%),
6/25/43
....................................
United
States
23,926
23,973
2023-HQA3,
A1,
144A,
FRN,
5.547%,
(30-day
SOFR
Average
+
1.85%),
11/25/43
..................................
United
States
126,194
127,260
2023-HQA3,
M1,
144A,
FRN,
5.547%,
(30-day
SOFR
Average
+
1.85%),
11/25/43
.................................
United
States
53,380
53,623
2024-DNA1,
A1,
144A,
FRN,
5.047%,
(30-day
SOFR
Average
+
1.35%),
2/25/44
...................................
United
States
139,849
140,563
2024-DNA2,
A1,
144A,
FRN,
4.947%,
(30-day
SOFR
Average
+
1.25%),
5/25/44
...................................
United
States
108,502
108,996
2025-DNA1,
A1,
144A,
FRN,
4.647%,
(30-day
SOFR
Average
+
0.95%),
1/25/45
...................................
United
States
42,265
42,339
2025-DNA3,
M1,
144A,
FRN,
4.797%,
(30-day
SOFR
Average
+
1.1%),
9/25/45
..................................
United
States
276,610
277,237
i
FNMA
Connecticut
Avenue
Securities
Trust
,
2016-C01,
1M2,
FRN,
10.562%,
(30-day
SOFR
Average
+
6.864%),
8/25/28
..................................
United
States
47,774
47,991
2016-C01,
2M2,
FRN,
10.762%,
(30-day
SOFR
Average
+
7.064%),
8/25/28
..................................
United
States
25,833
25,957
2016-C02,
1M2,
FRN,
9.812%,
(30-day
SOFR
Average
+
6.114%),
9/25/28
..................................
United
States
6,761
6,797
2016-C03,
2M2,
FRN,
9.712%,
(30-day
SOFR
Average
+
6.014%),
10/25/28
.................................
United
States
12,047
12,124
2017-C02,
2M2C,
FRN,
7.462%,
(30-day
SOFR
Average
+
3.764%),
9/25/29
..................................
United
States
60,945
62,220
2017-C06,
2M2,
FRN,
6.612%,
(30-day
SOFR
Average
+
2.914%),
2/25/30
..................................
United
States
82,525
84,689
2017-C06,
2M2C,
FRN,
6.612%,
(30-day
SOFR
Average
+
2.914%),
2/25/30
..................................
United
States
47,105
47,817
2018-C02,
2M2,
FRN,
6.012%,
(30-day
SOFR
Average
+
2.314%),
8/25/30
..................................
United
States
10,812
10,967
b
2021-R03,
1M2,
144A,
FRN,
5.347%,
(30-day
SOFR
Average
+
1.65%),
12/25/41
..................................
United
States
296,000
297,939
b
2022-R01,
1M1,
144A,
FRN,
4.697%,
(30-day
SOFR
Average
+
1%),
12/25/41
....................................
United
States
15,276
15,277
b
2022-R02,
2M2,
144A,
FRN,
6.697%,
(30-day
SOFR
Average
+
3%),
1/25/42
.....................................
United
States
425,075
432,289
b
2022-R03,
1M2,
144A,
FRN,
7.197%,
(30-day
SOFR
Average
+
3.5%),
3/25/42
....................................
United
States
127,000
130,607
b
2022-R04,
1M2,
144A,
FRN,
6.797%,
(30-day
SOFR
Average
+
3.1%),
3/25/42
....................................
United
States
120,000
122,823
b
2022-R09,
2M1,
144A,
FRN,
6.197%,
(30-day
SOFR
Average
+
2.5%),
9/25/42
....................................
United
States
45,552
46,059
b
2023-R01,
1M1,
144A,
FRN,
6.097%,
(30-day
SOFR
Average
+
2.4%),
12/25/42
...................................
United
States
38,701
39,479
b
2023-R02,
1M1,
144A,
FRN,
5.997%,
(30-day
SOFR
Average
+
2.3%),
1/25/43
....................................
United
States
76,067
77,731
b
2023-R06,
1M1,
144A,
FRN,
5.397%,
(30-day
SOFR
Average
+
1.7%),
7/25/43
....................................
United
States
31,085
31,218
b
2023-R07,
2M1,
144A,
FRN,
5.647%,
(30-day
SOFR
Average
+
1.95%),
9/25/43
...................................
United
States
23,588
23,687
b
2024-R02,
1M1,
144A,
FRN,
4.797%,
(30-day
SOFR
Average
+
1.1%),
2/25/44
....................................
United
States
5,108
5,115
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
21
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
i
FNMA
Connecticut
Avenue
Securities
Trust,
(continued)
b
2024-R03,
2M1,
144A,
FRN,
4.847%,
(30-day
SOFR
Average
+
1.15%),
3/25/44
...................................
United
States
25,567
$
25,603
b
2024-R04,
1M1,
144A,
FRN,
4.797%,
(30-day
SOFR
Average
+
1.1%),
5/25/44
....................................
United
States
33,778
33,799
b
2024-R05,
2M1,
144A,
FRN,
4.697%,
(30-day
SOFR
Average
+
1%),
7/25/44
.....................................
United
States
3,875
3,875
b
2024-R06,
1A1,
144A,
FRN,
4.847%,
(30-day
SOFR
Average
+
1.15%),
9/25/44
...................................
United
States
267,517
268,304
b
2025-R01,
1A1,
144A,
FRN,
4.647%,
(30-day
SOFR
Average
+
0.95%),
1/25/45
...................................
United
States
80,672
80,758
b
2025-R01,
1M1,
144A,
FRN,
4.797%,
(30-day
SOFR
Average
+
1.1%),
1/25/45
....................................
United
States
63,105
63,250
b
2025-R02,
1A1,
144A,
FRN,
4.697%,
(30-day
SOFR
Average
+
1%),
2/25/45
.....................................
United
States
136,619
136,801
b
2025-R02,
1M1,
144A,
FRN,
4.847%,
(30-day
SOFR
Average
+
1.15%),
2/25/45
...................................
United
States
236,481
236,822
b
2025-R04,
1A1,
144A,
FRN,
4.697%,
(30-day
SOFR
Average
+
1%),
5/25/45
.....................................
United
States
110,692
110,848
b
2025-R04,
1M1,
144A,
FRN,
4.897%,
(30-day
SOFR
Average
+
1.2%),
5/25/45
....................................
United
States
262,021
262,628
b
2025-R06,
1A1,
144A,
FRN,
4.597%,
(30-day
SOFR
Average
+
0.9%),
9/25/45
....................................
United
States
248,168
248,390
b
J.P.
Morgan
Mortgage
Trust
,
2024-VIS2,
A1,
144A,
5.853%,
11/25/64
.................
United
States
511,151
517,427
i
2025-2,
A11,
144A,
FRN,
4.947%,
(30-day
SOFR
Average
+
1.25%),
7/25/55
...................................
United
States
494,428
496,743
b
Legacy
Mortgage
Asset
Trust
,
2021-GS3
,
A1
,
144A,
5.75
%
,
7/25/61
.........................................
United
States
194,875
195,137
b
MFA
Trust
,
2023-INV2,
A1,
144A,
6.775%,
10/25/58
.................
United
States
756,362
763,139
2025-NQM3,
A1,
144A,
5.261%,
8/25/70
................
United
States
136,399
137,562
b,j
Morgan
Stanley
Resecuritization
Trust
,
2015-R4
,
CB1
,
144A,
FRN
,
4.096
%
,
8/26/47
..............................
United
States
25,733
25,769
b
Morgan
Stanley
Residential
Mortgage
Loan
Trust
,
i
2024-3,
AF,
144A,
FRN,
5.047%,
(30-day
SOFR
Average
+
1.35%),
7/25/54
...................................
United
States
103,913
104,262
2024-NQM2,
A1,
144A,
6.386%,
5/25/69
................
United
States
221,390
224,762
b,i
New
Residential
Mortgage
Loan
Trust
,
2018-4A
,
A1M
,
144A,
FRN
,
4.687
%
,
(
1-month
SOFR
+
1.014
%
),
1/25/48
.........
United
States
25,090
24,818
b
OBX
Trust
,
2023-NQM7,
A1,
144A,
6.844%,
4/25/63
................
United
States
249,688
252,210
i
2025-J2,
AF,
144A,
FRN,
4.997%,
(30-day
SOFR
Average
+
1.3%),
9/25/55
....................................
United
States
121,003
121,582
b,j
Onity
Loan
Investment
Trust
,
2025-HB1
,
A
,
144A,
FRN
,
3
%
,
6/25/38
.........................................
United
States
48,889
48,165
b
PRET
LLC
,
2026-NPL1
,
A1
,
144A,
5.18
%
,
1/25/56
..........
United
States
148,966
148,892
b
Saluda
Grade
Alternative
Mortgage
Trust
,
2024-RTL4
,
A1
,
144A,
7.5
%
,
2/25/30
....................................
United
States
812,000
812,785
b,i
Station
Place
Securitization
Trust
,
2025-1,
A,
144A,
FRN,
4.573%,
(1-month
SOFR
+
0.9%),
7/23/26
.........................................
United
States
752,000
761,180
2025-3,
A,
144A,
FRN,
4.573%,
(1-month
SOFR
+
0.9%),
9/23/26
.........................................
United
States
760,000
762,594
2025-7,
A,
144A,
FRN,
4.573%,
(1-month
SOFR
+
0.9%),
11/24/26
........................................
United
States
750,000
751,851
i
Structured
Asset
Mortgage
Investments
II
Trust
,
2007-AR7
,
1A1
,
FRN
,
4.637
%
,
(
1-month
SOFR
+
0.964
%
),
5/25/47
.........
United
States
267,259
221,905
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
22
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Residential
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
b
Verus
Securitization
Trust
,
2024-1
,
A1
,
144A,
5.712
%
,
1/25/69
.
United
States
418,467
$
421,429
b,j
Vista
Point
Securitization
Trust
,
2020-2
,
A2
,
144A,
FRN
,
1.986
%
,
4/25/65
.........................................
United
States
26,664
26,044
i
WaMu
Mortgage
Pass-Through
Certificates
Trust
,
2005-AR1,
A1B,
FRN,
4.567%,
(1-month
SOFR
+
0.894%),
1/25/45
.........................................
United
States
77,963
75,607
2005-AR13,
A1C3,
FRN,
4.767%,
(1-month
SOFR
+
1.094%),
10/25/45
........................................
United
States
69,211
67,031
2005-AR2,
2A1B,
FRN,
4.527%,
(1-month
SOFR
+
0.854%),
1/25/45
.........................................
United
States
72,989
73,283
2005-AR9,
A1C3,
FRN,
4.747%,
(1-month
SOFR
+
1.074%),
7/25/45
.........................................
United
States
140,022
138,303
16,037,660
a
a
a
a
a
a
Total
Residential
Mortgage-Backed
Securities
(Cost
$15,847,198)
...............
16,037,660
Agency
Commercial
Mortgage-Backed
Securities
5.0%
Financial
Services
5.0%
FHLMC
,
i
406,
F30,
FRN,
4.847%,
(30-day
SOFR
Average
+
1.15%),
10/25/53
........................................
United
States
194,424
196,191
k
5077,
GI,
IO,
3.5%,
2/25/51
..........................
United
States
2,791,800
517,207
k
5116,
BI,
IO,
4%,
1/25/50
............................
United
States
3,854,723
787,628
j,k
FHLMC,
Multi-family
Structured
Pass-Through
Certificates
,
K098,
X1,
IO,
FRN,
1.135%,
8/25/29
...................
United
States
2,716,077
96,492
K113,
XAM,
IO,
FRN,
1.582%,
6/25/30
..................
United
States
2,243,000
138,237
FNMA
,
i,k
2019-42,
SA,
IO,
FRN,
2.238%,
(30-day
SOFR
Average
+
5.936%),
8/25/49
..................................
United
States
2,216,713
239,167
k
2021-14,
CI,
IO,
4.5%,
11/25/49
.......................
United
States
4,236,233
945,264
k
2022-13,
CI,
IO,
3%,
12/25/51
........................
United
States
3,865,586
617,237
k
2023-49,
IA,
IO,
3%,
8/25/46
.........................
United
States
344,098
45,115
i
2024-103,
FB,
FRN,
4.647%,
(30-day
SOFR
Average
+
0.95%),
1/25/55
.........................................
United
States
788,968
793,036
i
2024-105,
FC,
FRN,
4.697%,
(30-day
SOFR
Average
+
1%),
1/25/55
.........................................
United
States
836,353
841,269
b,i
FNMA
Multi-family
Connecticut
Avenue
Securities
Trust
,
2019-01
,
M10
,
144A,
FRN
,
7.062
%
,
(
30-day
SOFR
Average
+
3.364
%
),
10/25/49
........................................
United
States
374,731
381,284
k
GNMA
,
i
2010-171,
SB,
IO,
FRN,
2.658%,
(1-month
SOFR
+
6.336%),
12/16/40
........................................
United
States
274,029
31,972
2014-102,
IG,
IO,
3.5%,
3/16/41
.......................
United
States
37,157
491
2014-76,
IO,
5%,
5/20/44
............................
United
States
164,790
34,238
j
2014-H12,
BI,
IO,
FRN,
1.559%,
5/20/64
................
United
States
647,321
24,891
j
2014-H21,
AI,
IO,
FRN,
1.824%,
10/20/64
...............
United
States
452,675
21,140
j
2015-H25,
AI,
IO,
FRN,
1.659%,
9/20/65
................
United
States
437,709
7,702
j
2015-H26,
DI,
IO,
FRN,
2.071%,
10/20/65
...............
United
States
409,099
20,168
j
2015-H26,
EI,
IO,
FRN,
1.718%,
10/20/65
...............
United
States
477,088
17,006
2016-75,
LI,
IO,
6%,
1/20/40
.........................
United
States
277,319
38,814
j
2016-H23,
NI,
IO,
FRN,
2.409%,
10/20/66
...............
United
States
730,398
35,326
j
2017-H02,
BI,
IO,
FRN,
1.952%,
1/20/67
................
United
States
668,497
27,634
j
2017-H04,
BI,
IO,
FRN,
2.349%,
2/20/67
................
United
States
745,440
30,846
j
2017-H19,
MI,
IO,
FRN,
2.053%,
4/20/67
................
United
States
512,567
18,437
j
2020-190,
IO,
FRN,
1.051%,
11/16/62
..................
United
States
3,517,831
268,472
2021-117,
MI,
IO,
3.5%,
5/20/42
.......................
United
States
2,707,028
428,125
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
23
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
Agency
Commercial
Mortgage-Backed
Securities
(continued)
Financial
Services
(continued)
k
GNMA,
(continued)
j
2021-17,
IO,
FRN,
1.053%,
1/16/61
....................
United
States
2,224,177
$
174,469
2021-182,
TI,
IO,
3.5%,
10/20/51
......................
United
States
2,556,639
479,399
j
2021-189,
IO,
FRN,
0.882%,
6/16/61
...................
United
States
4,716,537
294,300
2021-214,
AI,
IO,
4%,
12/20/51
.......................
United
States
2,883,015
582,051
2021-97,
NI,
IO,
2.5%,
8/20/49
........................
United
States
6,999,184
818,714
2022-160,
IB,
IO,
4.5%,
2/20/50
.......................
United
States
4,831,954
1,010,408
2024-186,
IO,
3%,
9/20/51
...........................
United
States
3,170,003
482,733
2024-4,
GI,
IO,
5%,
2/20/53
..........................
United
States
1,709,948
430,850
10,876,313
a
a
a
a
a
a
Total
Agency
Commercial
Mortgage-Backed
Securities
(Cost
$10,395,905)
.......
10,876,313
Total
Long
Term
Investments
(Cost
$262,391,955)
.............................
258,611,393
a
Short
Term
Investments
9.0%
a
a
Country
Principal
Amount
*
a
Value
a
a
a
a
a
a
U.S.
Government
and
Agency
Securities
0.6%
f,m
U.S.
Treasury
Bills,
3.54%,
7/16/26
......................
United
States
1,300,000
1,279,125
Total
U.S.
Government
and
Agency
Securities
(Cost
$1,279,101)
................
1,279,125
Shares
Management
Investment
Companies
8.4%
a,n
Putnam
Short
Term
Investment
Fund,
Class
P,
3.863%
.......
United
States
18,373,964
18,373,964
Total
Management
Investment
Companies
(Cost
$18,373,964)
..................
18,373,964
Total
Short
Term
Investments
(Cost
$19,653,065
)
..............................
19,653,089
a
Total
Investments
(Cost
$282,045,020)
127.1%
................................
$278,264,482
TBA
Sale
Commitments
(9.4)%
..............................................
(20,645,494)
Other
Assets,
less
Liabilities
(17.7)%
........................................
(38,635,262)
Net
Assets
100.0%
.........................................................
$218,983,726
a
a
a
Principal
Amount
*
o
TBA
Sale
Commitments
(9.4)%
Mortgage-Backed
Securities
(9.4)%
Federal
National
Mortgage
Association
(FNMA)
Fixed
Rate
(8.5)%
Uniform
Mortgage-Backed
Securities
,
4%,
TBA,
2/25/56
..................................
United
States
(5,000,000)
(4,780,984)
4.5%,
TBA,
2/25/56
................................
United
States
(9,000,000)
(8,818,660)
5%,
TBA,
2/25/56
..................................
United
States
(5,000,000)
(4,999,794)
(18,599,438)
Government
National
Mortgage
Association
(GNMA)
Fixed
Rate
(0.9)%
GNMA
II,
Single-family,
30
Year,
6%,
2/15/56
...............
United
States
(2,000,000)
(2,046,056)
Total
TBA
Sale
Commitments
(Proceeds
$(20,676,748))
........................
$(20,645,494)
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
24
*
The
principal
amount
is
stated
in
U.S.
dollars
unless
otherwise
indicated.
†
Rounds
to
less
than
0.1%
of
net
assets.
a
See
Note
3
regarding
investments
in
affiliated
management
investment
companies.
b
Security
was
purchased
pursuant
to
Rule
144A
or
Regulation
S
under
the
Securities
Act
of
1933.
144A
securities
may
be
sold
in
transactions
exempt
from
registration
only
to
qualified
institutional
buyers
or
in
a
public
offering
registered
under
the
Securities
Act
of
1933.
Regulation
S
securities
cannot
be
sold
in
the
United
States
without
either
an
effective
registration
statement
filed
pursuant
to
the
Securities
Act
of
1933,
or
pursuant
to
an
exemption
from
registration.
At
January
31,
2026,
the
aggregate
value
of
these
securities
was
$92,787,121,
representing
42.4%
of
net
assets.
c
Perpetual
security
with
no
stated
maturity
date.
d
The
coupon
rate
shown
represents
the
rate
at
period
end.
e
A
portion
or
all
of
the
security
purchased
on
a
delayed
delivery
basis.
f
The
rate
shown
represents
the
yield
at
period
end.
g
Principal
amount
is
stated
in
100
Mexican
Peso
Units.
h
Income
may
be
received
in
additional
securities
and/or
cash.
i
The
coupon
rate
shown
represents
the
rate
inclusive
of
any
caps
or
floors,
if
applicable,
in
effect
at
period
end.
j
Adjustable
rate
security
with
an
interest
rate
that
is
not
based
on
a
published
reference
index
and
spread.
The
rate
is
based
on
the
structure
of
the
agreement
and
current
market
conditions.
The
coupon
rate
shown
represents
the
rate
at
period
end.
k
Investment
in
an
interest-only
security
entitles
holders
to
receive
only
the
interest
payment
on
the
underlying
instruments.
The
principal
amount
shown
is
the
notional
amount
of
the
underlying
instruments.
l
Security
purchased
on
a
to-be-announced
(TBA)
basis.
m
A
portion
or
all
of
the
security
has
been
segregated
as
collateral
for
certain
derivative
contracts.
At
January
31,
2026,
the
value
of
this
security
pledged
amounted
to
$1,224,516,
representing
0.6%
of
net
assets.
n
The
rate
shown
is
the
annualized
seven-day
effective
yield
at
period
end.
o
Security
sold
on
a
to-be-announced
(TBA)
basis
resulting
in
a
short
position.
As
such,
the
Fund
is
not
subject
to
fees
and
expenses
associated
with
short
sale
transactions.
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
franklintempleton.com
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
25
At
January
31,
2026,
the
Fund
had
the
following futures
contracts
outstanding.
At
January
31,
2026,
the
Fund
had
the
following
forward
exchange
contracts
outstanding.
Futures
Contracts
Description
Type
Number
of
Contracts
Notional
Amount
*
Expiration
Date
Value/
Unrealized
Appreciation
(Depreciation)
Interest
rate
contracts
Australia
10
Year
Bonds
.......................
Long
1
$
76,008
3/16/26
$
109
Australia
3
Year
Bonds
........................
Long
1
72,964
3/16/26
5
Canada
10
Year
Bonds
........................
Long
36
3,201,175
3/20/26
(36,186)
Euro-Bobl
..................................
Long
5
691,118
3/06/26
(682)
Euro-Bund
.................................
Long
8
1,215,410
3/06/26
(4,884)
Euro-Buxl
..................................
Long
7
911,724
3/06/26
(18,077)
Euro-Schatz
................................
Long
8
1,013,759
3/06/26
(291)
Japan
10
Year
Bonds
.........................
Short
5
4,252,068
3/13/26
57,959
Long
Gilt
...................................
Long
31
3,853,753
3/27/26
3,596
U.S.
Treasury
10
Year
Notes
....................
Long
31
3,466,672
3/20/26
(43,157)
U.S.
Treasury
10
Year
Ultra
Notes
................
Long
8
913,250
3/20/26
(14,376)
U.S.
Treasury
2
Year
Notes
.....................
Short
21
4,378,336
3/31/26
8,114
U.S.
Treasury
5
Year
Notes
.....................
Long
42
4,575,047
3/31/26
(34,135)
U.S.
Treasury
Long
Bonds
.....................
Long
14
1,611,750
3/20/26
(29,005)
U.S.
Treasury
Ultra
Bonds
......................
Long
14
1,644,125
3/20/26
(45,499)
Total
Futures
Contracts
......................................................................
$(156,509)
*
As
of
period
end.
Forward
Exchange
Contracts
Currency
Counter-
party
a
Type
Quantity
Contract
Amount
*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
Chinese
Yuan
......
JPHQ
Buy
6,208,400
882,063
2/13/26
$
10,380
$
—
Chinese
Yuan
......
JPHQ
Sell
2,418,900
342,847
2/13/26
—
(4,863)
Chinese
Yuan
......
WPAC
Buy
146,054,700
20,699,069
2/13/26
295,925
—
Chinese
Yuan
......
WPAC
Sell
73,330,700
10,392,526
2/13/26
—
(148,577)
Indonesian
Rupiah
..
GSCO
Buy
13,374,158,000
800,675
2/13/26
—
(3,281)
Indonesian
Rupiah
..
GSCO
Sell
6,815,649,400
408,035
2/13/26
1,672
—
Japanese
Yen
......
BOFA
Buy
31,341,400
205,047
2/13/26
—
(2,363)
Japanese
Yen
......
GSCO
Buy
93,184,000
605,233
2/13/26
—
(2,615)
Japanese
Yen
......
HSBK
Buy
26,565,000
173,844
2/13/26
—
(2,049)
Japanese
Yen
......
HSBK
Sell
48,121,100
314,909
2/13/26
3,711
—
Japanese
Yen
......
JPHQ
Sell
640,525,000
4,191,507
2/13/26
49,251
—
Japanese
Yen
......
MSCO
Buy
29,592,800
193,654
2/13/26
—
(2,278)
Japanese
Yen
......
MSCO
Sell
636,780,400
4,167,056
2/13/26
49,017
—
Japanese
Yen
......
SSBT
Sell
15,470,400
101,226
2/13/26
1,179
—
Japanese
Yen
......
TDOM
Buy
33,318,700
217,976
2/13/26
—
(2,505)
Japanese
Yen
......
TDOM
Sell
37,300,500
244,025
2/13/26
2,804
—
Japanese
Yen
......
UBSW
Buy
4,651,300
30,434
2/13/26
—
(354)
Singapore
Dollar
....
HSBK
Buy
591,200
458,434
2/13/26
6,626
—
Singapore
Dollar
....
HSBK
Sell
278,700
216,112
2/13/26
—
(3,123)
South
Korean
Won
..
GSCO
Buy
419,556,300
294,407
2/13/26
—
(5,118)
South
Korean
Won
..
JPHQ
Buy
2,991,339,800
2,097,934
2/13/26
—
(35,373)
South
Korean
Won
..
JPHQ
Sell
1,582,624,800
1,109,952
2/13/26
18,715
—
Thai
Baht
.........
SSBT
Sell
16,563,600
513,123
2/13/26
—
(13,632)
British
Pound
......
HSBK
Buy
5,200,900
6,949,261
3/17/26
167,017
—
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
26
Forward
Exchange
Contracts
(continued)
Currency
Counter-
party
a
Type
Quantity
Contract
Amount*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
(continued)
British
Pound
......
HSBK
Sell
3,343,900
4,468,002
3/17/26
$
—
$
(107,383)
Czech
Koruna
......
HSBK
Buy
7,216,000
350,101
3/17/26
1,482
—
Czech
Koruna
......
HSBK
Sell
2,795,900
135,650
3/17/26
—
(574)
Danish
Krone
......
MSCO
Buy
562,400
88,852
3/17/26
630
—
Danish
Krone
......
MSCO
Sell
1,366,700
215,920
3/17/26
—
(1,531)
Euro
.............
BOFA
Sell
73,000
85,831
3/17/26
—
(871)
Euro
.............
HSBK
Buy
14,977,000
17,646,950
3/17/26
141,206
—
Euro
.............
HSBK
Sell
21,719,900
25,591,907
3/17/26
—
(204,780)
Euro
.............
MSCO
Sell
104,200
122,738
3/17/26
—
(1,020)
Euro
.............
SSBT
Sell
220,600
257,733
3/17/26
—
(4,274)
Euro
.............
UBSW
Buy
1,347,900
1,587,462
3/17/26
13,436
—
Hungarian
Forint
....
BOFA
Buy
33,688,000
102,165
3/17/26
2,222
—
Hungarian
Forint
....
BOFA
Sell
17,449,200
52,918
3/17/26
—
(1,151)
Norwegian
Krone
...
MSCO
Sell
5,574,400
549,833
3/17/26
—
(28,881)
Polish
Zloty
........
MSCO
Buy
147,300
40,851
3/17/26
603
—
Polish
Zloty
........
MSCO
Sell
911,300
252,732
3/17/26
—
(3,732)
Romanian
New
Leu
.
HSBK
Buy
687,600
157,732
3/17/26
1,947
—
Romanian
New
Leu
.
HSBK
Sell
342,900
78,659
3/17/26
—
(971)
Swedish
Krona
.....
MSCO
Sell
6,652,900
720,289
3/17/26
—
(28,185)
Swiss
Franc
.......
SSBT
Buy
288,000
365,888
3/17/26
8,345
—
Swiss
Franc
.......
UBSW
Buy
656,400
833,976
3/17/26
18,964
—
Swiss
Franc
.......
UBSW
Sell
483,300
614,047
3/17/26
—
(13,963)
Australian
Dollar
....
BOFA
Buy
237,900
158,992
4/15/26
6,630
—
Australian
Dollar
....
BOFA
Sell
639,600
427,454
4/15/26
—
(17,824)
Australian
Dollar
....
CITI
Buy
79,300
52,987
4/15/26
2,221
—
Australian
Dollar
....
GSCO
Buy
32,700
21,848
4/15/26
917
—
Australian
Dollar
....
JPHQ
Buy
96,900
64,745
4/15/26
2,715
—
Australian
Dollar
....
MSCO
Buy
75,100
50,178
4/15/26
2,106
—
Australian
Dollar
....
MSCO
Sell
301,100
201,179
4/15/26
—
(8,442)
Australian
Dollar
....
SSBT
Buy
282,400
188,687
4/15/26
7,914
—
Australian
Dollar
....
SSBT
Sell
1,161,900
776,332
4/15/26
—
(32,563)
Australian
Dollar
....
TDOM
Buy
11,500
7,683
4/15/26
323
—
Australian
Dollar
....
UBSW
Buy
447,100
298,704
4/15/26
12,559
—
Australian
Dollar
....
WPAC
Buy
298,800
199,633
4/15/26
8,386
—
Australian
Dollar
....
WPAC
Sell
197,000
131,619
4/15/26
—
(5,529)
Canadian
Dollar
....
BOFA
Buy
167,700
121,046
4/15/26
2,482
—
Canadian
Dollar
....
BOFA
Sell
1,869,600
1,349,482
4/15/26
—
(27,665)
Canadian
Dollar
....
BZWS
Sell
304,700
219,938
4/15/26
—
(4,504)
Canadian
Dollar
....
CITI
Buy
525,000
378,906
4/15/26
7,809
—
Canadian
Dollar
....
CITI
Sell
1,065,900
769,287
4/15/26
—
(15,855)
Canadian
Dollar
....
HSBK
Buy
5,369,500
3,875,105
4/15/26
80,070
—
Canadian
Dollar
....
JPHQ
Buy
18,900
13,640
4/15/26
282
—
Canadian
Dollar
....
MSCO
Sell
216,800
156,455
4/15/26
—
(3,239)
Canadian
Dollar
....
SSBT
Buy
161,700
116,694
4/15/26
2,414
—
Canadian
Dollar
....
SSBT
Sell
508,300
366,826
4/15/26
—
(7,588)
Canadian
Dollar
....
TDOM
Buy
146,400
105,635
4/15/26
2,203
—
Canadian
Dollar
....
UBSW
Buy
676,900
488,566
4/15/26
10,038
—
Israeli
New
Shekel
..
BOFA
Sell
225,800
71,618
4/15/26
—
(1,279)
Israeli
New
Shekel
..
SSBT
Buy
605,900
192,166
4/15/26
3,444
—
Israeli
New
Shekel
..
SSBT
Sell
217,200
68,887
4/15/26
—
(1,235)
Mexican
Peso
......
BOFA
Sell
3,509,400
195,359
4/15/26
—
(4,109)
Mexican
Peso
......
HSBK
Buy
395,400
22,009
4/15/26
465
—
Mexican
Peso
......
MSCO
Sell
1,995,800
111,105
4/15/26
—
(
2,333)
Mexican
Peso
......
TDOM
Buy
2,680,100
149,184
4/15/26
3,148
—
Mexican
Peso
......
UBSW
Buy
1,767,000
98,361
4/15/26
2,072
—
New
Zealand
Dollar
.
BOFA
Sell
199,900
114,911
4/15/26
—
(5,773)
New
Zealand
Dollar
.
MSCO
Sell
335,300
192,741
4/15/26
—
(9,686)
franklintempleton.com
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
27
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
At
January
31,
2026,
the
Fund
had
the
following forward
premium
swap
options contracts
outstanding.
Forward
Exchange
Contracts
(continued)
Currency
Counter-
party
a
Type
Quantity
Contract
Amount*
Settlement
Date
Unrealized
Appreciation
Unrealized
Depreciation
a
a
a
a
a
a
a
a
OTC
Forward
Exchange
Contracts
(continued)
New
Zealand
Dollar
.
SSBT
Sell
200,300
115,144
4/15/26
$
—
$
(5,781)
New
Zealand
Dollar
.
UBSW
Sell
37,300
21,439
4/15/26
—
(1,079)
New
Zealand
Dollar
.
WPAC
Sell
97,200
55,868
4/15/26
—
(2,813)
Total
Forward
Exchange
Contracts
...................................................
$953,330
$(780,744)
Net
unrealized
appreciation
(depreciation)
............................................
$172,586
*
In
U.S.
dollars
unless
otherwise
indicated.
a
May
be
comprised
of
multiple
contracts
with
the
same
counterparty,
currency
and
settlement
date.
Forward
Premium
Swap
Option
Contracts
Fixed
right
or
obligation
to
receive
or
(pay)/
Floating
rate
index/Maturity
date
Counter
par
t
y
Expiration
date/strike
Notional/
Contract
amount
*
Premium
receivable/
(payable)
Unrealized
appreciation/
(depreciation)
a
a
a
a
a
(3.788%)/1-day
SOFR/Mar-36/(Purchased)
BNDP
3/17/26
/
3.788%
10,489,000
$
123,155
$
(4,387)
(3.438%)/1-day
SOFR/Mar-31/(Written)
BNDP
3/17/26
/
3.438%
18,084,400
(121,527)
559
3.725%/1-day
SOFR/Nov-36/(Purchased)
BOFA
11/23/26
/
3.725%
2,565,500
125,453
(88,202)
(4.225%)/1-day
SOFR/Nov-36/(Purchased)
BOFA
11/23/26
/
4.225%
2,565,500
131,353
(96,992)
(3.428%)/1-day
SOFR/Aug-37/(Purchased)
BOFA
8/13/27
/
3.428%
658,500
37,897
3,191
3.428%/1-day
SOFR/Aug-37/(Purchased)
BOFA
8/13/27
/
3.428%
658,500
37,897
(29,039)
4.2%/1-day
SOFR/Aug-60/(Purchased)
BOFA
8/26/30
/
4.2%
175,900
21,935
(5,333)
(4.2%)/1-day
SOFR/Aug-60/(Purchased)
BOFA
8/26/30
/
4.2%
175,900
21,935
(1,063)
(4.608%)/1-day
SOFR/May-56/(Purchased)
CITI
5/26/26
/
4.608%
729,800
26,492
(21,856)
4.33%/1-day
SOFR/May-52/(Purchased)
DBAB
5/19/32
/
4.33%
65,400
8,191
(2,304)
(4.33%)/1-day
SOFR/May-52/(Purchased)
DBAB
5/19/32
/
4.33%
65,400
8,191
(743)
2.35%/1-day
SOFR/Mar-59/(Purchased)
GSCO
3/12/29
/
2.35%
2,033,100
118,530
(95,097)
(2.495%)/6-month
AUD
BBR/Nov-46/
(Purchased)
JPHQ
11/23/26
/
2.495%
AUD
1,458,600
90,476
248,538
2.495%/6-month
AUD
BBR/Nov-46/
(Purchased)
JPHQ
11/23/26
/
2.495%
AUD
1,458,600
90,476
(87,705)
(4.13%)/1-day
SOFR/Dec-57/(Purchased)
JPHQ
12/09/27
/
4.13%
640,500
50,183
1,125
4.13%/1-day
SOFR/Dec-57/(Purchased)
JPHQ
12/09/27
/
4.13%
640,500
50,183
(15,153)
(2.452%)/6-month
EURIBOR/Feb-48/
(Purchased)
JPHQ
1/31/28
/
2.452%
EUR
1,131,300
88,330
93,811
2.452%/6-month
EURIBOR/Feb-48/
(Purchased)
JPHQ
1/31/28
/
2.452%
EUR
1,131,300
88,330
(70,820)
1.201%/6-month
EURIBOR/Apr-39/
(Purchased)
JPHQ
4/11/29
/
1.201%
EUR
1,958,200
38,868
(31,590)
(4.201%)/6-month
EURIBOR/Apr-39/
(Purchased)
JPHQ
4/11/29
/
4.201%
EUR
1,958,200
48,952
(15,033)
(1.445%)/6-month
AUD
BBR/Mar-40/
(Purchased)
JPHQ
3/27/30
/
1.445%
AUD
261,200
9,989
37,976
1.445%/6-month
AUD
BBR/Mar-40/
(Purchased)
JPHQ
3/27/30
/
1.445%
AUD
261,200
9,989
(8,103)
4.01%/1-day
SOFR/Mar-52/(Purchased)
MCM
3/29/32
/
4.01%
117,800
14,124
(5,541)
(4.01%)/1-day
SOFR/Mar-52/(Purchased)
MCM
3/29/32
/
4.01%
117,800
14,124
1,179
(2.952%)/6-month
EURIBOR/Jun-49/
(Purchased)
MSCO
6/18/29
/
2.952%
EUR
1,685,000
134,324
62,825
(4.825%)/1-day
SOFR/May-57/(Purchased)
NATW
4/30/27
/
4.825%
1,008,800
36,518
(13,792)
(2%)/6-month
AUD
BBR/Sep-46/(Purchased)
UBSW
9/10/36
/
2%
AUD
975,900
51,763
81,129
2%/6-month
AUD
BBR/Sep-46/(Purchased)
UBSW
9/10/36
/
2%
AUD
975,900
51,763
(30,726)
(2.7%)/6-month
AUD
BBR/Apr-47/(Purchased)
UBSW
4/01/37
/
2.7%
AUD
1,140,000
69,163
62,004
2.7%/6-month
AUD
BBR/Apr-47/(Purchased)
UBSW
4/01/37
/
2.7%
AUD
1,140,000
69,164
(38,721)
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
28
At
January
31,
2026,
the
Fund
had
the
following credit
default
swap
contracts outstanding.
At
January
31,
2026,
the
Fund
had
the
following interest
rate swap
contracts
outstanding.
Forward
Premium
Swap
Option
Contracts
(continued)
Fixed
right
or
obligation
to
receive
or
(pay)/
Floating
rate
index/Maturity
date
Counter
party
Expiration
date/strike
Notional/
Contract
amount
*
Premium
receivable/
(payable)
Unrealized
appreciation/
(depreciation)
a
a
a
a
a
Unrealized
appreciation
592,337
Unrealized
(depreciation)
(662,200)
Total
$(69,863)
*
In
U.S.
dollars
unless
otherwise
indicated.
Credit
Default
Swap
Contracts
Description
Periodic
Payment
Rate
Received
(Paid)
Payment
Frequency
Counter-
party
Maturity
Date
Notional
Amount
a
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
Rating
b
OTC
Swap
Contracts
Contracts
to
Buy
Protection
c
Traded
Index
CMBX.NA.BBB-.7
(3.00)%
Monthly
MLCO
1/17/47
16,000
$
942
$
1,311
$
(369)
Contracts
to
Sell
Protection
c,d
Traded
Index
CMBX.NA.BBB-.7
3.00%
Monthly
JPHQ
1/17/47
16,000
(942)
(3,756)
2,814
Investment
Grade
Total
OTC
Swap
Contracts
..............................................
$—
$(2,445)
$2,445
Total
Credit
Default
Swap
Contracts
....................................
$—
$
(2,445)
$2,445
a
In
U.S.
dollars
unless
otherwise
indicated.
For
contracts
to
sell
protection,
the
notional
amount
is
equal
to
the
maximum
potential
amount
of
the
future
payments
and
no
recourse
provisions
have
been
entered
into
in
association
with
the
contracts.
b
Based
on
Standard
and
Poor's
(S&P)
Rating
for
single
name
swaps
and
internal
ratings
for
index
swaps.
Internal
ratings
based
on
mapping
into
equivalent
ratings
from
external
vendors.
c
Performance
triggers
for
settlement
of
contract
include
default,
bankruptcy
or
restructuring
for
single
name
swaps,
and
failure
to
pay
or
bankruptcy
of
the
underlying
securities
for
traded
index
swaps.
d
The
fund
enters
contracts
to
sell
protection
to
create
a
long
credit
position.
Interest
Rate
Swap
Contracts
Description
Payment
Frequency
Maturity
Date
Notional
Amount
*
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
Receive
Fixed
3.487%
.
Annual
Pay
Floating
1-day
SOFR
............
Annual
2/09/27
31,840,000
$
7,373
$
—
$
7,373
Receive
Floating
1-day
SOFR
..............
Annual
Pay
Fixed
3.3%
.....
Annual
3/18/28
23,064,000
23,296
(21,131)
44,427
franklintempleton.com
See
Notes
to
Schedule
of
Investments.
Quarterly
Schedule
of
Investments
29
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
Interest
Rate
Swap
Contracts
(continued)
Description
Payment
Frequency
Maturity
Date
Notional
Amount*
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
(continued)
Receive
Fixed
2.36%
..
Annual
Pay
Floating
6-month
EURIBOR
.........
Semi-Annual
3/18/28
4,546,000
EUR
$
11,645
$
7,967
$
3,678
Receive
Fixed
2.6%
...
Semi-Annual
Pay
Floating
1-day
REPO_CORRA
.....
Semi-Annual
3/18/28
4,162,000
CAD
7,578
2,318
5,260
Receive
Fixed
3.6%
...
Annual
Pay
Floating
1-day
SONIA
...........
Annual
3/18/28
1,759,000
GBP
2,570
5,109
(2,539)
Receive
Fixed
4.1%
...
Quarterly
Pay
Floating
3-month
AUD
BBR
.........
Quarterly
3/18/28
1,981,000
AUD
(3,017)
2,085
(5,102)
Receive
Fixed
1.65%
..
Quarterly
Pay
Floating
1-week
CNY-Fixing
Repo
Rate
Quarterly
9/16/30
192,710,000
CNY
38,446
(10,945)
49,391
Receive
Floating
1-day
SOFR
..............
Annual
Pay
Fixed
3.45%
....
Annual
3/18/31
20,973,000
78,063
7,937
70,126
Receive
Fixed
2.66%
..
Annual
Pay
Floating
6-month
EURIBOR
.........
Semi-Annual
3/18/31
2,756,000
EUR
20,237
12,379
7,858
Receive
Fixed
2.65%
..
Quarterly
Pay
Floating
3-month
CD_KSDA
.........
Quarterly
12/17/35
3,919,000,000
KRW
(197,830)
6,584
(204,414)
Receive
Fixed
0.65%
..
Annual
Pay
Floating
1-day
SARON
..........
Annual
3/18/36
482,000
CHF
5,482
(1,335)
6,817
Receive
Floating
1-day
REPO_CORRA
.......
Semi-Annual
Pay
Fixed
3.25%
....
Semi-Annual
3/18/36
4,190,000
CAD
(11,087)
(4,477)
(6,610)
Receive
Fixed
3.01%
..
Annual
Pay
Floating
6-month
EURIBOR
.........
Semi-Annual
3/18/36
6,469,000
EUR
86,350
49,765
36,585
Receive
Fixed
3.75%
..
Annual
Pay
Floating
1-day
SOFR
............
Annual
3/18/36
2,346,000
(23,342)
(5,102)
(18,240)
Receive
Floating
3-month
AUD
BBR
...........
Quarterly
Pay
Fixed
4.25%
....
Semi-Annual
3/18/36
2,491,000
NZD
3,403
(5,820)
9,223
Receive
Floating
3-month
STIBOR
............
Quarterly
Pay
Fixed
3.05%
....
Annual
3/18/36
11,935,000
SEK
(18,005)
(5,758)
(12,247)
Receive
Fixed
4.05%
..
Annual
Pay
Floating
1-day
SONIA
...........
Annual
3/18/36
1,030,000
GBP
(10,207)
2,732
(12,939)
Receive
Floating
6-month
AUD
BBR
...........
Semi-Annual
Pay
Fixed
4.8%
.....
Semi-Annual
3/18/36
2,504,000
AUD
11,869
(2,597)
14,466
Putnam
Global
Income
Trust
Schedule
of
Investments
(unaudited)
franklintempleton.com
Quarterly
Schedule
of
Investments
See
Notes
to
Schedule
of
Investments.
30
See
A
bbreviations
on
page
34
.
Interest
Rate
Swap
Contracts
(continued)
Description
Payment
Frequency
Maturity
Date
Notional
Amount*
Value
Upfront
Payments
(Receipts)
Unrealized
Appreciation
(Depreciation)
aa
aa
aa
aa
Centrally
Cleared
Swap
Contracts
(continued)
Receive
Floating
6-month
NIBOR
.............
Semi-Annual
Pay
Fixed
4.15%
....
Annual
3/18/36
25,915,000
NOK
$
12,156
$
1,324
$
10,832
Receive
Fixed
3.31%
..
Annual
Pay
Floating
6-month
EURIBOR
.........
Semi-Annual
3/18/56
778,000
EUR
24,468
20,169
4,299
Receive
Fixed
3.5%
...
Semi-Annual
Pay
Floating
1-day
REPO_CORRA
.....
Semi-Annual
3/18/56
485,000
CAD
(6,385)
(4,052)
(
2,333)
Receive
Fixed
4.1%
...
Semi-Annual
Pay
Floating
1-day
REPO_CORRA
.....
Semi-Annual
3/18/56
844,000
CAD
57,344
62,771
(5,427)
Receive
Fixed
4.1%
...
Annual
Pay
Floating
1-day
SOFR
............
Annual
3/18/56
3,692,000
(72,258)
(51,831)
(
20,427)
Receive
Fixed
4.5%
...
Annual
Pay
Floating
1-day
SONIA
...........
Annual
3/18/56
241,000
GBP
(5,494)
(395)
(5,099)
Receive
Fixed
5%
.....
Semi-Annual
Pay
Floating
6-month
AUD
BBR
.........
Semi-Annual
3/18/56
2,239,000
AUD
(13,604)
1,754
(
15,358)
Total
Interest
Rate
Swap
Contracts
.................................
$29,051
$
69,451
$(40,400)
*
In
U.S.
dollars
unless
otherwise
indicated.
Putnam
Global
Income
Trust
31
Quarterly
Schedule
of
Investments
Notes
to
Schedule
of
Investments
(unaudited)
1.
Organization
Putnam
Global
Income
Trust (Fund)
is
registered
under
the
Investment
Company
Act
of
1940
(1940
Act)
as
an
open-end
management
investment
company.
The
Fund
follows
the
accounting
and
reporting
guidance
in
Financial
Accounting
Standards
Board
(FASB)
Accounting
Standards
Codification
Topic
946,
Financial
Services
–
Investment
Companies
(ASC
946)
and
applies
the
specialized
accounting
and
reporting
guidance
in
U.S.
Generally
Accepted
Accounting
Principles
(U.S.
GAAP),
including,
but
not
limited
to,
ASC
946.
2. Financial
Instrument
Valuation
The
Fund's investments
in
financial
instruments
are
carried
at
fair
value
daily.
Fair
value
is
the
price
that
would
be
received
to
sell
an
asset
or
paid
to
transfer
a
liability
in
an
orderly
transaction
between
market
participants
on
the
measurement
date.
The
Fund
calculates the
net
asset
value
(NAV)
per
share
each
business
day
as
of
4
p.m.
Eastern
time
or
the
regularly
scheduled
close
of
the
New
York
Stock
Exchange
(NYSE),
whichever
is
earlier.
Under
compliance
policies
and
procedures
approved
by
the Fund's
Board
of
Trustees
(the
Board),
the
Board
has
designated
the
Fund's
investment
manager
as
the
valuation
designee
and
has
responsibility
for
oversight
of
valuation.
The
investment
manager
is
assisted
by
the
Fund's administrator
in
performing
this responsibility,
including
leading
the
cross-functional
Valuation
Committee
(VC).
The
Fund
may
utilize
independent
pricing
services,
quotations
from
securities
and
financial
instrument
dealers,
and
other
market
sources
to
determine
fair
value.
Equity
securities,
exchange
traded
funds,
and
derivative
financial
instruments
listed
on
an
exchange
or
on
the
NASDAQ
National
Market
System
are
valued
at
the
last
quoted
sale
price
or
the
official
closing
price
of
the
day,
respectively. Over-
the-counter
(OTC)
securities
are
valued
within
the
range
of
the
most
recent
quoted
bid
and
ask
prices.
Securities
that
trade
in
multiple
markets
or
on
multiple
exchanges
are
valued
according
to
the
broadest
and
most
representative
market.
Certain
equity
securities
are
valued
based
upon
fundamental
characteristics
or
relationships
to
similar
securities.
Debt
securities
generally
trade
in
the
OTC
market
rather
than
on
a
securities
exchange.
The Fund's
pricing
services
use
multiple
valuation
techniques
to
determine
fair
value.
In
instances
where
sufficient
market
activity
exists,
the
pricing
services
may
utilize
a
market-based
approach
through
which
quotes
from
market
makers
are
used
to
determine
fair
value.
In
instances
where
sufficient
market
activity
may
not
exist
or
is
limited,
the
pricing
services
also
utilize
proprietary
valuation
models
which
may
consider
market
characteristics
such
as
benchmark
yield
curves,
credit
spreads,
estimated
default
rates,
anticipated
market
interest
rate
volatility,
coupon
rates,
anticipated
timing
of
principal
repayments,
underlying
collateral,
and
other
unique
security
features
in
order
to
estimate
the
relevant
cash
flows,
which
are
then
discounted
to
calculate
the
fair
value.
Securities
denominated
in
a
foreign
currency
are
converted
into
their
U.S.
dollar
equivalent
at
the
foreign
exchange
rate
in
effect
at
4
p.m.
Eastern
time
on
the
date
that
the
values
of
the
foreign
debt
securities
are
determined.
Investments
in
open-end
mutual
funds
are
valued
at
the
closing
NAV.
Certain
derivative
financial
instruments
are
centrally
cleared
or
trade
in
the
OTC
market.
The Fund’s
pricing
services
use
various
techniques
including
industry
standard
option
pricing
models
and
proprietary
discounted
cash
flow
models
to
determine
the
fair
value
of
those
instruments.
The Fund’s
net
benefit
or
obligation
under
the
derivative
contract,
as
measured
by
the
fair
value
of
the
contract,
is
included
in
net
assets. 
The
Fund
has procedures
to
determine
the
fair
value
of
financial
instruments
for
which
market
prices
are
not
reliable
or
readily
available.
Under
these
procedures,
the
Fund
primarily employs
a
market-based
approach
which
may
use
related
or
comparable
assets
or
liabilities,
recent
transactions,
market
multiples,
and
other
relevant
information
for
the
investment
to
determine
the
fair
value
of
the
investment.
An
income-based
valuation
approach
may
also
be
used
in
which
the
anticipated
future
cash
flows
of
the
investment
are
discounted
to
calculate
fair
value.
Discounts
may
also
be
applied
due
to
the
nature
or
duration
of
any
restrictions
on
the
disposition
of
the
investments.
Due
to
the
inherent
uncertainty
of
valuations
of
such
investments,
the
fair
values
may
differ
significantly
from
the
values
that
would
have
been
used
had
an
active
market
existed. 
Putnam
Global
Income
Trust
Notes
to
Schedule
of
Investments
(unaudited)
32
Quarterly
Schedule
of
Investments
3.
Investments
in
Affiliated
Management
Investment
Companies
The
Fund
invests
in
one
or
more
affiliated
management
investment
companies.
As
defined
in
the
1940
Act,
an
investment
is
deemed
to
be
a
"Controlled
Affiliate"
of
a
fund
when
a
fund
owns,
either
directly
or
indirectly,
25%
or
more
of
the
affiliated
fund's
outstanding
shares
or
has
the
power
to
exercise
control
over
management
or
policies
of
such
fund.
The
Fund
does
not
invest
for
purposes
of
exercising
a
controlling
influence
over
the
management
or
policies.
During
the
period
ended
January
31,
2026,
the
Fund
held
investments
in
affiliated
management
investment
companies
as
follows:
4. Fair
Value
Measurements
The
Fund
follows
a
fair
value
hierarchy
that
distinguishes
between
market
data
obtained
from
independent
sources
(observable
inputs)
and
the Fund's
own
market
assumptions
(unobservable
inputs).
These
inputs
are
used
in
determining
the
value
of
the
Fund's financial
instruments
and
are
summarized
in
the
following
fair
value
hierarchy:
Level
1
–
quoted
prices
in
active
markets
for
identical
financial
instruments
Level
2
–
other
significant
observable
inputs
(including
quoted
prices
for
similar
financial
instruments,
interest
rates,
prepayment
speed,
credit
risk,
etc.)
Level
3
–
significant
unobservable
inputs
(including
the
Fund's
own
assumptions
in
determining
the
fair
value
of
financial
instruments)
The
input
levels
are
not
necessarily
an
indication
of
the
risk
or
liquidity
associated
with
financial
instruments
at
that
level.
A
summary
of
inputs
used
as
of
January
31,
2026,
in
valuing
the
Fund's assets
and
liabilities carried
at
fair
value,
is
as
follows:
    aa
Value
at
Beginning
of
Period
Purchases
Sales
Realized
Gain
(Loss)
Net
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
End
of
Period
Number
of
Shares
Held
at
End
of
Period
Investment
Income
a      
a  
a  
a  
a  
a  
a  
a  
Putnam
Global
Income
Trust
Non-Controlled
Affiliates
Dividends
Franklin
Ultra
Short
Bond
ETF
.
$5,448,329
$—
$—
$—
$3,259
$5,451,588
217,238
$62,938
Putnam
Short
Term
Investment
Fund,
Class
P,
3.863%
......
4,110,047
18,860,462
(4,596,545)
—
—
18,373,964
18,373,964
99,092
Total
Affiliated
Securities
...
$9,558,376
$18,860,462
$(4,596,545)
$—
$3,259
$23,825,552
$162,030
Level
1
Level
2
Level
3
Total
Putnam
Global
Income
Trust
Assets:
Investments
in
Securities:
a
Management
Investment
Companies
.........
$
5,451,588
$
—
$
—
$
5,451,588
Corporate
Bonds
........................
—
70,046,891
—
70,046,891
Foreign
Government
and
Agency
Securities
....
—
66,405,442
—
66,405,442
Asset-Backed
Securities
...................
—
13,065,022
—
13,065,022
Commercial
Mortgage-Backed
Securities
......
—
9,053,545
—
9,053,545
Mortgage-Backed
Securities
................
—
67,674,932
—
67,674,932
Residential
Mortgage-Backed
Securities
.......
—
16,037,660
—
16,037,660
Agency
Commercial
Mortgage-Backed
Securities
—
10,876,313
—
10,876,313
Short
Term
Investments
...................
18,373,964
1,279,125
—
19,653,089
Total
Investments
in
Securities
...........
$23,825,552
$254,438,930
$—
$278,264,482
Putnam
Global
Income
Trust
Notes
to
Schedule
of
Investments
(unaudited)
33
Quarterly
Schedule
of
Investments
Level
1
Level
2
Level
3
Total
Putnam
Global
Income
Trust
(continued)
Assets:
(continued)
Other
Financial
Instruments:
Forward
Exchange
Contracts
...............
$—
$953,330
$—
$953,330
Forward
Premium
Swap
Option
Contracts
.....
—
592,337
—
592,337
Futures
Contracts
.......................
69,783
—
—
69,783
Swap
Contracts
.........................
—
273,149
—
273,149
Total
Other
Financial
Instruments
.........
$69,783
$1,818,816
$—
$1,888,599
Liabilities:
Other
Financial
Instruments:
TBA
Sale
Commitments
...................
$
—
$
20,645,494
$
—
$
20,645,494
Forward
Exchange
Contracts
...............
—
780,744
—
780,744
Forward
Premium
Swap
Option
Contracts
......
—
662,200
—
662,200
Futures
Contracts
........................
226,292
—
—
226,292
Swap
Contracts
.........................
—
311,104
—
311,104
Total
Other
Financial
Instruments
.........
$226,292
$22,399,542
$—
$22,625,834
a
For
detailed
categories,
see
the
accompanying
Schedule
of
Investments.
4. Fair
Value
Measurements
(continued)
Putnam
Global
Income
Trust
Notes
to
Schedule
of
Investments
(unaudited)
34
Quarterly
Schedule
of
Investments
Abbreviations
Counterparty
BNDP
BNP
Paribas
SA
BOFA
Bank
of
America
NA
BZWS
Barclays
Bank
plc
CITI
Citibank
NA
DBAB
Deutsche
Bank
AG
GSCO
Goldman
Sachs
Group,
Inc.
HSBK
HSBC
Bank
plc
JPHQ
JPMorgan
Chase
Bank
NA
MCM
Mizuho
Capital
Markets
LLC
MLCO
Merrill
Lynch
International
&
Co.
MSCO
Morgan
Stanley
NATW
Natwest
Markets
plc
SSBT
State
Street
Bank
and
Trust
Co.
TDOM
Toronto
Dominion
Bank
UBSW
UBS
AG
WPAC
Westpac
Banking
Corp.
Cu
r
rency
AUD
Australian
Dollar
CAD
Canadian
Dollar
CHF
Swiss
Franc
CNY
Chinese
Yuan
DKK
Danish
Krone
EUR
Euro
GBP
British
Pound
JPY
Japanese
Yen
KRW
South
Korean
Won
MXN
Mexican
Peso
MYR
Malaysian
Ringgit
NOK
Norwegian
Krone
NZD
New
Zealand
Dollar
PLN
Polish
Zloty
SEK
Swedish
Krona
THB
Thai
Baht
Index
CMBX.NA.
Series
number
CMBX
North
America
Index
Selected
Portfolio
BBR
Bank
of
England
Base
Rate
CLO
Collateralized
Loan
Obligation
CMT
Constant
Monthly
U.S.
Treasury
Securities
Yield
Curve
Rate
Index
ETF
Exchange-Traded
Fund
FHLMC
Federal
Home
Loan
Mortgage
Corp.
FNMA
Federal
National
Mortgage
Association
FRN
Floating
Rate
Note
GNMA
Government
National
Mortgage
Association
IO
Interest
Only
PIK
Payment-In-Kind
REIT
Real
Estate
Investment
Trust
REMIC
Real
Estate
Mortgage
Investment
Conduit
SARON
Swiss
Average
Rate
Overnight
SOFR
Secured
Overnight
Financing
Rate
SONIA
Sterling
Overnight
Index
Average
STACR
Structured
Agency
Credit
Risk
T-Note
Treasury
Note
The
following
reference
rates,
and
their
values
as
of
period
end,
are
used
for
security
descriptions:
Reference
Index
Reference
Rate
1-day
REPO_CORRA
.................
2.30%
1-day
SARON
.......................
(0.07)%
1-day
SOFR
........................
3.68%
1-day
SONIA
........................
3.72%
1-week
CNY-Fixing
Repo
Rate
..........
1.64%
3-month
AUD
BBR
...................
3.84%
3-month
CD_KSDA
...................
2.65%
3-month
STIBOR
....................
2.02%
6-month
AUD
BBR
...................
4.09%
6-month
EURIBOR
...................
2.16%
6-month
NIBOR
.....................
4.23%
For
additional
information
on
the
Fund's
significant
accounting
policies,
please
refer
to
the Fund's
most
recent
semiannual
or
annual
shareholder
report.