English - World Trust Semi-Annual Report - Putnam Investments

Putnam Total Return FundFor the six months ended 31 December 2013, the Fund outpaced itscash benchmark in both U.S.-dollar and local-currency terms.Generally strong performance from the Fund’s equity beta exposureshelped offset overall weakness in fixed income. Our U.S. equityholdings contributed the most, while our allocation to internationaldeveloped-markets stocks also aided performance. The portfolio’sdynamic asset allocation strategy added value, but active securityselection had a neutral effect on results. Overweight allocations inboth large- and small-cap U.S. equities bolstered the Fund’s returns, asdid strategic underweights in lagging Treasury Inflation-ProtectedSecurities (TIPS), real estate investment trusts (REITs) andcommodities. Within fixed income, implementing a preference forcredit risk over interest-rate risk helped the Fund’s U.S. bond strategyduring the period’s second half.For the period, the Fund generated the following returns by unit class:6.39% for Class A Units, 6.18% for Class B Units, 6.27% for Class C Units,12.67% (6.67% in euro terms) for Class E Units, 6.80% for Class I Units,12.33% (6.27% in euro terms) for Class M Units, and 16.06% (6.66% insterling terms) for Class S Units, all at net asset value (NAV, or withoutsales charges). The Fund’s benchmark, the BofA Merrill Lynch 1-MonthUSD LIBOR Index, returned 0.09%.Our outlook for U.S. stocks has become more balanced and lessconstructive that it was several quarters ago when we believed thedomestic equity universe offered many exploitable opportunities.While we would not describe U.S. equities as expensive from ahistorical perspective, we are seeing far fewer pockets of anomalousvaluations — areas in which stocks are extraordinarily inexpensive.Outside the United States, the global economy is finding new enginesof growth in the developed markets. In the United Kingdom, we seewhat we consider to be the proper balance of fiscal retrenchment andstimulative monetary policy, which is lending support to key sectorssuch as financials. In Continental Europe, stocks have risen but stillappear cheap relative to bonds and U.S. stocks, and are also likely toshow better earnings momentum as Europe’s economy recovers.Japanese equities look reasonably attractive to us when we considercompany valuations and earnings momentum. As long as the yenremains relatively weak, a variety of companies in Japan will likelyexhibit attractive business characteristics. Within fixed income, we arefocused on several key risks. First, the Fed is faced with a delicatebalancing act as it seeks to communicate about further reductions inits bond-buying program without destabilising the financial markets orthe U.S. economy. Second, as the U.S. unemployment rate movesdownward, if wage inflation develops earlier than the Fed is currentlyanticipating, we could see the central bank reducing its stimulusefforts at a faster pace than the markets are currently forecasting.Lastly, it is possible that U.S. economic growth in 2014 could bestronger than forecast. If that occurs, real interest rates — prevailinginterest rates minus the rate of inflation — which have been negativesince 2008, could significantly rise. With that said, we don’t believerates are likely to rise so quickly that the shift will adversely affect theeconomy.Class A Class B Class C Class E* Class I Class M* Class S**Unit value NAV NAV NAV NAV NAV NAV NAV30/06/13 $12.84 $11.32 $11.49 € 10.28 $9.85 € 9.41 £3.3231/12/13 13.66 12.02 12.21 10.78 10.52 10.00 3.51Global investing involves certain risks, such as currency fluctuations,economic instability, and political developments. The Fund investssome or all of its assets in small and/or midsize companies. Suchinvestments increase the risk of greater price fluctuations. Lower ratedbonds may offer higher yields in return for more risk. The Fund mayhave a significant portion of its holdings in bonds. The use ofderivatives involves special risks and may result in losses. Mutual fundsthat invest in bonds are subject to certain risks including interest-raterisk, credit risk, and inflation risk. As interest rates rise, the prices ofbonds fall. Long-term bonds are more exposed to interest-rate riskthan short-term bonds. Unlike bonds, bond funds have ongoing feesand expenses. Diversification does not assure a profit or protectagainst loss. It is possible to lose money in a diversified portfolio.The views expressed here are exclusively those of Putnam as of23 January 2014. They are not meant as investment advice.Expectations about future market performance are subject to change.Distributions Number Income Capital gain TotalClass A — — — —Class B — — — —Class C — — — —Class E* 1 € 0.1840 — € 0.1840Class I — — — —Class M* — — — —Class S** 1 £0.031 — £0.031* Values stated in euro.** Values stated in pound sterling.Putnam World Trust 13

Putnam U.S. Large Cap Growth FundFor the six months ended 31 December 2013, the Fund outpaced itsbenchmark in both U.S.-dollar and local-currency terms. Strong stockselection fuelled the Fund’s outperformance, led by picks ininformation technology, consumer discretionary and health care.Lighter-than-benchmark exposure to the lagging consumer staplessector also proved beneficial. On the downside, positioning withinfinancials, industrials and utilities modestly hampered relativeperformance. Top individual contributors for the period included:avoiding Microsoft and IBM while overweighting Apple and Google(technology); Johnson Controls, Priceline.com and WyndhamWorldwide (consumer discretionary); and Thermo Fisher Scientificand Gilead Sciences (health care). The biggest individual detractorsincluded CME Group and Charles Schwab (financials), Calpine(utilities) and not holding Boeing and 3M (industrials).For the period, the Fund generated the following returns by unit class:21.33% for Class A Units and 27.87% (21.05% in euro terms) for Class MUnits. The Fund’s benchmark, the Russell 1000 Growth Index gained19.39% in U.S. dollar terms (12.63% in euro terms).Unit valueClass ANAVClass M*NAV30/06/13 $10.64 €10.5031/12/13 12.91 12.71Looking ahead, it would probably be unrealistic to expect the stockmarket to continue advancing at such a breakneck pace. With thatsaid, one very strong year often brings some positive carryover thefollowing year. With less of a tailwind from the broader market, findinggood large-cap companies with the potential for above-averageearnings growth should become even more important. Although themarket has achieved record highs and we have been fairly bullish forover a year, we believe equities may still have room to advance.Investors are finding few attractive alternatives to U.S. stocks, and themarket’s recent strength is likely to attract additional money intostocks, particularly from bonds and emerging markets.International investing involves certain risks, such as currencyfluctuations, economic instability, and political developments.Additional risks may be associated with emerging-market securities,including illiquidity and volatility. The Fund invests some or all of itsassets in small and/or midsize companies. Such investments increasethe risk of greater price fluctuations. The Fund invests in fewer issuersor concentrates its investments by region or sector, and involves morerisk than a fund that invests more broadly.The views expressed here are exclusively those of Putnam as of23 January 2014. They are not meant as investment advice.Expectations about future market performance are subject to change.The Fund made no distributions during the period.* Values stated in euro.14 Putnam World Trust

Total Expense Ratio ("TER")*The TER for each of the Funds for the period from 1 July 2013 to 31 December 2013 is presented below:Class A Class B Class C Class E Class I Class M Class S Class TFund % % % % % % % %Putnam Asia Pacific (Ex-Japan) Equity Fund 1.80 2.30 2.05 - 1.10 1.80 - 1.80Putnam Emerging Markets Equity Fund 2.05 2.55 2.30 - 1.10 2.05 - 2.05Putnam Global Core Equity Fund 1.80 2.30 2.05 - 1.10 1.80 - 1.80Putnam Global Fixed Income Alpha Fund S1 - - - - - - 0.40 -Putnam Global Fixed Income Alpha Fund S2 - - - - - - 0.40 -Putnam Global High Yield Bond Fund 1.71 2.21 2.11 1.02 1.01 - 1.01 -Putnam Total Return Fund 1.80 2.30 2.05 1.09 1.09 1.80 1.10 -Putnam U.S. Large Cap Growth Fund 1.87 - - - - 1.88 - -* The TER is calculated as the total operating expenses for each Unit Class of each Fund in the accounting currency of the Fund for the period in question as apercentage of the average net assets of the Fund for the year in question. The TER for each Unit Class of each Fund is annualised for 12 months.Average net assets are calculated using figures based on the authorised Fund’s net assets at each calculation of the Net Asset Value. All Funds are valued daily withthe exception of Putnam Global Fixed Income Alpha Fund S1 and Putnam Global Fixed Income Alpha Fund S2 which are valued weekly.As of 31 December 2013, the performance fees of Putnam Global Fixed Income Alpha Fund S1 and Putnam Global Fixed Income Alpha Fund S2equalled Nil% (30 June 2013: Nil%) and 0.14% (30 June 2013: Nil%), respectively.Portfolio Turnover Rate ("PTR")*The PTR for each of the Funds for the period from 1 July 2013 to 31 December 2013 is presented below:PTRFund %Putnam Asia Pacific (Ex-Japan) Equity Fund 298Putnam Emerging Markets Equity Fund 372Putnam Global Core Equity Fund 350Putnam Global Fixed Income Alpha Fund S1 1,079Putnam Global Fixed Income Alpha Fund S2 2,670Putnam Global High Yield Bond Fund 50Putnam Total Return Fund 21Putnam U.S. Large Cap Growth Fund 281* Turnover being a Fund’s aggregate value of total cost of securities purchased plus total disposal proceeds of securities sold less the aggregate value of thatFund’s redeemable participating shares’ subscriptions plus redemptions during the reporting period. All values in the turnover calculation are in the functionalcurrency of the respective Fund. The PTR for each Fund is annualised for 12 months.Putnam World Trust 15

Putnam Asia Pacific (Ex-Japan) Equity FundSchedule of Investments (unaudited)31 December 2013NON-U.S. EQUITIES (91.12%)Number of Value % ofSharesUSD FundAutomotive (2.58%)58,500 China ZhengTong Auto ServicesHoldings Limited (China) USD 37,589 0.72150 Hyundai Motor Company (South Korea) 33,983 0.661,163 Kia Motors Corporated (South Korea) 62,204 1.20133,776 2.58Banking (12.48%)7,009 Australia & New Zealand Banking GroupLimited (Australia) 201,644 3.898,800 Bangkok Bank PCL NVDR (Thailand) 47,817 0.9262,000 Bank Mandiri (Persero) Tbk PT(Indonesia) 40,251 0.785,474 Bank of Queensland Limited (Australia) 59,337 1.14100,000 China Construction Bank Corporated(China) 75,442 1.4572,740 Industrial and Commercial Bank ofChina Limited (China) 49,154 0.9523,030 Philippine National Bank (Philippines) 44,829 0.864,000 United Overseas Bank Limited(Singapore) 67,324 1.302,135 Westpac Banking Corporated (Australia) 61,708 1.19647,506 12.48Broadcasting (0.67%)221,500 Global Mediacom Tbk PT (Indonesia) 34,624 0.6734,624 0.67Chemicals (2.66%)46,000 China BlueChemical Limited (China) 28,866 0.56215 LG Chemical Limited (South Korea) 61,631 1.1919,700 PTT Global Chemical PCL (Thailand) 47,362 0.91137,859 2.66Commercial and Consumer Services (2.26%)692 Ctrip.com International Limited ADR(China) 34,337 0.66885 Flight Centre Limited (Australia) 37,535 0.72747 Hana Tour Service Incorporated(South Korea) 45,864 0.88117,736 2.26Conglomerates (1.84%)7,000 Hutchison Whampoa Limited(Hong Kong) 95,237 1.8495,237 1.84Construction (1.65%)31,000 China Singyes Solar TechnologiesHoldings Limited (China) 31,234 0.6018,000 China State Construction InternationalHoldings Limited (China) 32,372 0.62537,000 Total Bangun Persada Tbk PT(Indonesia) 22,195 0.4385,801 1.65Electric Utilities (2.95%)10,000 China Resources Power HoldingsCompany Limited (China) 23,626 0.464,727 Origin Energy Limited (Australia) 59,344 1.1420,100 Tenaga Nasional Bhd (Malaysia) 69,833 1.35152,803 2.95Electrical Equipment (0.20%)320 Hermes Microvision Incorporated(Taiwan) 10,383 0.2010,383 0.20Electronics (10.28%)5,000 Casetek Holdings Limited (Taiwan) 26,171 0.5063,000 Inotera Memories Incorporated (Taiwan) 46,505 0.9031,000 Pegatron Corporated (Taiwan) 39,890 0.7713,390 Radiant Opto-Electronics Corporated(Taiwan) 48,746 0.94253 Samsung Electronics Company Limited(South Korea) 330,670 6.38NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundElectronics cont.1,170 SK Hynix Incorporated (South Korea) USD 40,864 0.79532,846 10.28Energy (Oil Field) (0.66%)58,000 SPT Energy Group Incorporated (China) 34,182 0.6634,182 0.66Engineering and Construction (2.09%)94,000 China Railway Group Limited (China) 48,781 0.94667 Daelim Industrial Company Limited(South Korea) 59,561 1.15108,342 2.09Entertainment (0.85%)1,073 CJ CGV Company Limited (South Korea) 44,277 0.8544,277 0.85Environmental (1.35%)746 Coway Company Limited (South Korea) 47,010 0.9125,000 Hyflux Limited (Singapore) 22,980 0.4469,990 1.35Forest Products and Packaging (0.66%)3,270 Amcor Limited (Australia) 30,716 0.593,270 Orora Limited (Australia) 3,387 0.0734,103 0.66Health-Care Services (1.83%)10,253 Primary Health Care Limited (Australia) 45,225 0.8717,200 Sinopharm Group Company (China) 49,723 0.9694,948 1.83Industrial (1.02%)6,000 Keppel Corporated Limited (Singapore) 53,108 1.0253,108 1.02Insurance (7.66%)16,400 AIA Group Limited (Hong Kong) 82,166 1.5832,693 Cathay Financial Holding CompanyLimited (Taiwan) 52,928 1.0212,965 Challenger Limited (Australia) 71,774 1.3812,400 China Pacific Insurance (Group)Company Limited (China) 49,155 0.958,120 Hanwha Life Insurance Company Limited(South Korea) 58,481 1.132,420 Meritz Fire & Marine Insurance CompanyLimited (South Korea) 34,678 0.674,141 Suncorp Group Limited (Australia) 48,437 0.93397,619 7.66Lodging/Tourism (2.16%)3,907 Crown Limited (Australia) 58,782 1.131,400 Grand Korea Leisure Company Limited(South Korea) 53,642 1.03112,424 2.16Media (0.87%)21,556 Seven West Media Limited (Australia) 45,231 0.8745,231 0.87Metals (2.39%)3,656 BHP Billiton Limited (Australia) 123,984 2.39123,984 2.39Natural Gas Utilities (1.46%)22,000 China Resources Gas Group Limited(China) 75,893 1.4675,893 1.46Oil and Gas (3.14%)49,000 CNOOC Limited (China) 91,121 1.7640,800 Ezion Holdings Limited (Singapore) 71,775 1.38162,896 3.14Real Estate (7.31%)809,000 Bekasi Fajar Industrial Estate Tbk PT(Indonesia) 29,693 0.57The accompanying notes form an integral part of these financial statements.16 Putnam World Trust

Putnam Asia Pacific (Ex-Japan) Equity FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundReal Estate cont.2,000 Cheung Kong Holdings Limited(Hong Kong) USD 31,595 0.6125,000 China Overseas Grand Oceans GroupLimited (China) 23,793 0.4612,000 China Overseas Land & InvestmentLimited (China) 33,581 0.65339,700 Hemaraj Land and Development PCL(Thailand) 30,393 0.595,000 Hysan Development Company Limited(Hong Kong) 21,536 0.425,410 Lend Lease Group (Australia) 53,764 1.0419,826 Shopping Centres Australasia PropertyGroup (Australia) (R) 27,351 0.535,000 Sun Hung Kai Properties Limited(Hong Kong) 63,159 1.222,782 Westfield Group (Australia) 25,064 0.485,000 Wharf Holdings Limited (Hong Kong) 38,172 0.74378,101 7.31Retail (5.52%)34,200 CP ALL PCL (Thailand) 43,713 0.84181 GS Home Shopping Incorporated(South Korea) 52,729 1.0228,000 Matahari Department Store Tbk PT(Indonesia) 25,378 0.4918,683 David Jones Limited (Australia) 50,380 0.9755,400 Puregold Price Club Incorporated(Philippines) 47,479 0.921,689 Wesfarmers Limited (Australia) 66,417 1.28286,096 5.52Schools (0.75%)1,233 New Oriental Education & TechnologyGroup Incorporated ADR (China) 38,852 0.7538,852 0.75Semiconductor (3.06%)41,000 Advanced Semiconductor EngineeringIncorporated (Taiwan) 38,037 0.7334,219 Taiwan Semiconductor ManufacturingCompany Limited (Taiwan) 120,556 2.33158,593 3.06Software (2.09%)1,700 Tencent Holdings Limited (China) 108,520 2.09108,520 2.09Technology Services (2.11%)170 Baidu Incorporated ADR (China) 30,235 0.5857 Naver Corporated (South Korea) 39,282 0.76473 SINA Corporated (China) 39,846 0.77109,363 2.11Telecommunications (2.60%)117,000 PCCW Limited (Hong Kong) 52,055 1.0010,000 StarHub Limited (Singapore) 33,916 0.6510,545 Telstra Corporated Limited (Australia) 49,338 0.95135,309 2.60Textiles (0.74%)4,300 Prada SpA (Italy) 38,124 0.7438,124 0.74Transportation Services (0.94%)9,428 Asciano Limited (Australia) 48,489 0.9448,489 0.94Trucks and Parts (1.29%)240 Hyundai Mobis Company Limited(South Korea) 66,820 1.2966,820 1.29NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundWaste Management (1.00%)39,000 China Everbright International Limited(China) USD 52,005 1.0052,005 1.00Total Non-U.S. Equities USD 4,725,840 91.12INVESTMENT COMPANIES (1.15%)Number of Value % ofSharesUSD Fund4,152 iShares MSCI Taiwan ETF (Taiwan) USD 59,830 1.15Total Investment Companies USD 59,830 1.15PURCHASED EQUITY OPTIONS OUTSTANDING (0.16%)Contract Value % ofAmountUSD Fund8,193 iShares MSCI Emerging MarketsIndex (ETF) (Put) USD 1,423 0.037,530 iShares MSCI Emerging MarketsIndex (Put) 6,777 0.13Total Purchased Equity Options Outstanding USD 8,200 0.16Total Value of Investments USD 4,793,870 92.43The accompanying notes form an integral part of these financial statements.Putnam World Trust 17

Putnam Asia Pacific (Ex-Japan) Equity FundSchedule of Investments (unaudited) cont.31 December 2013WRITTEN EQUITY OPTIONS OUTSTANDING (-0.07%)ContractAmountsExpiration date/strike priceValueUSD% ofFundiShares MSCI Emerging Markets Index (ETF) (Put) 8,193 Jan-14/USD 36.00 USD (353) (0.01)iShares MSCI Emerging Markets Index (Put) 7,530 May-14/35.00 (3,342) (0.06)Total Written Equity Options Outstanding USD (3,695) (0.07)FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.15%)ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyBarclays Bank PLCAustralian Dollar Sell 16/01/2014 17,820 18,601 USD 781 0.02British Pound Sell 19/03/2014 29,503 29,800 297 0.01Euro Buy 19/03/2014 81,918 83,000 (1,082) (0.02)Citibank, N.A.British Pound Sell 19/03/2014 43,064 43,500 436 0.01Euro Sell 19/03/2014 133,131 134,900 1,769 0.03Credit Suisse InternationalBritish Pound Sell 19/03/2014 71,387 72,100 713 0.01Euro Sell 19/03/2014 101,962 103,300 1,338 0.03Deutsche Bank AGBritish Pound Sell 19/03/2014 50,103 50,600 497 0.01Goldman Sachs InternationalEuro Buy 19/03/2014 15,395 15,600 (205) -HSBC Bank USA, National AssociationBritish Pound Sell 19/03/2014 86,537 87,400 863 0.02British Pound Sell 19/03/2014 14,235 14,400 165 -Euro Buy 19/03/2014 98,514 99,800 (1,286) (0.02)JPMorgan Chase Bank, N.A.Australian Dollar Sell 16/01/2014 49,358 51,521 2,163 0.04British Pound Sell 19/03/2014 15,048 15,200 152 -Euro Sell 19/03/2014 1,777 1,800 23 -Royal Bank of Scotland PLCBritish Pound Sell 19/03/2014 12,970 13,100 130 -State Street Bank & Trust CompanyBritish Pound Sell 19/03/2014 65,738 66,400 662 0.01Euro Buy 19/03/2014 14,770 14,800 (30) -Euro Sell 19/03/2014 85,676 86,800 1,124 0.02UBS AGAustralian Dollar Buy 16/01/2014 140,094 146,189 (6,095) (0.12)British Pound Sell 19/03/2014 57,521 58,100 579 0.01Euro Sell 19/03/2014 178,848 181,200 2,352 0.05Euro Sell 19/03/2014 15,741 15,800 59 -Westpac Banking CorporationBritish Pound Sell 19/03/2014 13,070 13,200 130 -Euro Sell 19/03/2014 171,177 173,400 2,223 0.04Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 16,456 0.31Unrealised Depreciation on Forward Foreign Exchange Currency Contracts USD (8,698) (0.16)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 7,758 0.15Total Financial Assets at Fair Value through Profit or Loss USD 4,810,326 92.74Total Financial Liabilities at Fair Value through Profit or Loss USD (12,393) (0.23)% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 90.38(b) Collective Investment Schemes 1.14(c) Exchange Traded financial derivative instruments 0.16(d) OTC financial derivative instruments 0.32(e) Other assets 8.00Total Assets 100.00% ofFundThe accompanying notes form an integral part of these financial statements.18 Putnam World Trust

Putnam Emerging Markets Equity FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofShares USD FundFood cont.1,405 Shoprite Holdings Limited (South Africa) USD 21,820 0.42163,411 3.13Health-Care Services (0.64%)11,600 Sinopharm Group Company (China) 33,534 0.6433,534 0.64Insurance (3.89%)30,558 Cathay Financial Holding CompanyLimited (Taiwan) 49,471 0.9512,200 China Pacific Insurance (Group)Company Limited (China) 48,362 0.937,580 Hanwha Life Insurance Company Limited(South Korea) 54,592 1.052,030 Meritz Fire & Marine Insurance CompanyLimited (South Korea) 29,089 0.561,637 Porto Seguro SA (Brazil) 20,642 0.40202,156 3.89Lodging/Tourism (0.92%)1,250 Grand Korea Leisure CompanyLimited (South Korea) 47,894 0.9247,894 0.92Media (1.37%)685 Naspers Limited Class N (South Africa) 71,328 1.3771,328 1.37Metals (0.90%)1,904 Vale SA ADR (Brazil) 29,017 0.561,280 Vale SA ADR (Preference) (Brazil) 17,920 0.3446,937 0.90Natural Gas Utilities (1.33%)20,000 China Resources Gas Group Limited(China) 68,994 1.3368,994 1.33Oil and Gas (8.16%)45,000 CNOOC Limited (China) 83,683 1.6126,400 Ezion Holdings Limited (Singapore) 46,442 0.891,216 Gazprom Neft OAO ADR (Russia) 27,494 0.531,351 Genel Energy PLC (United Kingdom) 24,106 0.461,704 Lukoil OAO ADR (Russia) 106,330 2.042,274 Pacific Rubiales Energy Corporation(Colombia) 39,090 0.752,415 Petroleo Brasileiro SA ADR (Preference)(Brazil) 35,452 0.6879,601 Surgutneftegas OAO (Preference)(Russia) 62,438 1.20425,035 8.16Pharmaceuticals (1.38%)1,352 Aspen Pharmacare Holdings Limited(South Africa) 34,634 0.671,815 Richter Gedeon Nyrt (Hungary) 36,992 0.7171,626 1.38Real Estate (2.02%)649,000 Bekasi Fajar Industrial Estate Tbk PT(Indonesia) 23,820 0.4625,000 China Overseas Grand Oceans GroupLimited (China) 23,793 0.4611,000 China Overseas Land & InvestmentLimited (China) 30,783 0.59298,700 Hemaraj Land and Development PCL(Thailand) 26,725 0.51105,121 2.02Restaurants (0.60%)9,995 Alsea SAB de CV (Mexico) 31,233 0.6031,233 0.60Retail (4.23%)3,148 BR Malls Participacoes SA (Brazil) 22,750 0.442,314 Compagnie Financiere Richemont SAADR (Switzerland) 23,135 0.44NON-U.S. EQUITIES cont.Number of Value % ofShares USD FundRetail cont.32,400 CP ALL PCL (Thailand) USD 41,412 0.80143 GS Home Shopping Incorporated(South Korea) 41,659 0.8021,500 Matahari Department Store Tbk PT(Indonesia) 19,487 0.3745,200 Puregold Price Club Incorporated(Philippines) 38,737 0.744,652 Woolworths Holdings Limited(South Africa) 33,105 0.64220,285 4.23Schools (1.28%)3,600 Estacio Participacoes SA (Brazil) 31,144 0.601,123 New Oriental Education & TechnologyGroup Incorporated ADR (China) 35,386 0.6866,530 1.28Semiconductor (2.86%)33,000 Advanced Semiconductor EngineeringIncorporated (Taiwan) 30,616 0.5933,464 Taiwan Semiconductor ManufacturingCompany Limited (Taiwan) 117,896 2.27148,512 2.86Software (1.72%)1,400 Tencent Holdings Limited (China) 89,370 1.7289,370 1.72Technology Services (2.87%)151 Baidu Incorporated ADR (China) 26,855 0.52517 Infosys Limited (India) 29,091 0.5657 Naver Corporation (South Korea) 39,282 0.76399 SINA Corporation (China) 33,612 0.65464 Yandex NV Class A (Russia) 20,017 0.38148,857 2.87Telecommunications (2.90%)1,733 KCell JSC ADR (Kazakhstan) 29,640 0.573,119 Mobile Telesystems OJSC (Russia) 31,022 0.603,522 MTN Group Limited (South Africa) 72,864 1.403,244 Turkcell Iletisim Hizmetleri AS (Turkey) 17,058 0.33150,584 2.90Tobacco (0.56%)539 British American Tobacco (BAT) PLC(United Kingdom) 28,897 0.5628,897 0.56Trucks and Parts (1.88%)523 Delphi Automotive PLC(United Kingdom) 31,443 0.60239 Hyundai Mobis Company Limited(South Korea) 66,542 1.2897,985 1.88Waste Management (0.85%)33,000 China Everbright InternationalLimited (China) 44,004 0.8544,004 0.85Total Non-U.S. Equities USD 4,893,279 94.06INVESTMENT COMPANIES (1.00%)Number of Value % ofShares USD Fund3,601 iShares MSCI Taiwan ETF (Taiwan) USD 51,890 1.00Total Investment Companies USD 51,890 1.00The accompanying notes form an integral part of these financial statements.20 Putnam World Trust

Putnam Emerging Markets Equity FundSchedule of Investments (unaudited) cont31 December 2013WARRANTS (1.54%)Number ofWarrants197,084 EcobankTransnationalIncorporatedExpirationdateStrikePriceValueUSD% ofFundUSD0.08 USD 20,004 0.38(Nigeria) 25/11/2014309 Fawaz AbdulazizAlhhokair &Company 144A(Saudi Arabia) 18/12/2014 9.90 11,452 0.2264,957 Guaranty TrustBank (Nigeria) 19/09/2014 0.17 11,043 0.21438 Saudi BasicIndustriesCorporation 144A(Saudi Arabia) 26/11/2014 26.00 13,022 0.251,284 Saudi IndustrialInvestment Group(Saudi Arabia) 26/11/2014 6.35 11,093 0.2181,279 Zenith Bank PLC(Nigeria) 19/09/2014 0.01 13,899 0.27Total Warrants USD 80,513 1.54PURCHASED EQUITY OPTIONS OUTSTANDING (0.18%)Contract Value % ofAmount USD Fund8,172 iShares MSCI Emerging MarketsIndex (ETF) (Put) USD 1,419 0.037,434 iShares MSCI Emerging MarketsIndex (Put) 6,691 0.13223 MSCI Qatar Net TR USD (Call) 1,218 0.02Total Purchased Equity Options Outstanding USD 9,328 0.18Total Value of Investments USD 5,035,010 96.78The accompanying notes form an integral part of these financial statements.Putnam World Trust 21

Putnam Emerging Markets Equity FundSchedule of Investments (unaudited) cont.31 December 2013WRITTEN EQUITY OPTIONS OUTSTANDING (-0.07%)ContractAmountsExpiration date/strike priceValueUSD% ofFundiShares MSCI Emerging Markets Index (ETF) (Put) 8,172 Jan-14/USD36.00 USD (352) (0.01)iShares MSCI Emerging Markets Index (Put) 7,434 May-14/35.00 (3,300) (0.06)MSCI Qatar Net TR USD (Call) 223 May-14/1586.95 (103) -Total Written Equity Options Outstanding USD (3,755) (0.07)FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.18%)ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyBank of America, N.A.British Pound Sell 19/03/2014 43,468 43,900 USD 432 0.01Barclays Bank PLCBritish Pound Sell 19/03/2014 76,233 77,000 767 0.01Citibank, N.A.British Pound Sell 19/03/2014 65,438 66,100 662 0.01Euro Sell 19/03/2014 129,479 131,200 1,721 0.03Credit Suisse AGBritish Pound Sell 19/03/2014 63,169 63,800 631 0.01Euro Sell 19/03/2014 56,064 56,800 736 0.01Deutsche Bank AGBritish Pound Sell 19/03/2014 39,607 40,000 393 0.01Euro Buy 19/03/2014 100,199 101,500 (1,301) (0.03)Goldman Sachs InternationalEuro Sell 19/03/2014 17,675 17,800 125 -HSBC Bank USA, National AssociationBritish Pound Sell 19/03/2014 22,539 22,800 261 0.01British Pound Sell 19/03/2014 58,714 59,300 586 0.01Euro Buy 19/03/2014 113,617 115,100 (1,483) (0.03)JPMorgan Chase Bank, N.A.Euro Sell 19/03/2014 34,840 35,300 460 0.01Royal Bank of Scotland PLCBritish Pound Sell 19/03/2014 16,237 16,400 163 -State Street Bank & Trust CompanyBritish Pound Sell 19/03/2014 30,592 30,900 308 0.01Euro Sell 19/03/2014 92,586 93,800 1,214 0.02UBS AGBritish Pound Sell 19/03/2014 7,029 7,100 71 -Euro Sell 19/03/2014 67,413 68,300 887 0.02Westpac Banking CorporationBritish Pound Sell 19/03/2014 50,301 50,800 499 0.01Euro Sell 19/03/2014 225,373 228,300 2,927 0.06Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 12,843 0.24Unrealised Depreciation on Forward Foreign Exchange Currency Contracts USD (2,784) (0.06)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 10,059 0.18Total Financial Assets at Fair Value through Profit or Loss USD 5,047,853 97.02Total Financial Liabilities at Fair Value through Profit or Loss USD (6,539) (0.13)% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 96.08(b) OTC financial derivative instruments 0.25(c) Other assets 3.67Total Assets 100.00% ofFundThe accompanying notes form an integral part of these financial statements.22 Putnam World Trust

Putnam Global Core Equity FundSchedule of Investments (unaudited)31 December 2013NON-U.S. EQUITIES (49.06%)Number of Value % ofShares USD FundAerospace and Defense (0.74%)718 European Aeronautic Defence and SpaceCompany (France) USD 55,126 0.7455,126 0.74Airlines (0.43%)200 Copa Holdings SA Class A (Panama) 32,004 0.4332,004 0.43Automotive (3.22%)7,000 Mazda Motor Corporation (Japan) 36,294 0.497,300 Nissan Motor Company Limited (Japan) 61,454 0.831,400 Toyota Motor Corporation (Japan) 85,193 1.154,226 Volvo AB Class B (Sweden) 55,705 0.75238,646 3.22Banking (7.39%)35,817 Banco Espirito Santo SA (Portugal) 51,047 0.6922,656 Bankia SA (Spain) 38,336 0.5236,074 Barclays PLC (United Kingdom) 162,424 2.19353 Credicorp Limited (Peru) 46,836 0.632,002 Erste Group Bank AG (Czech Republic) 70,039 0.946,300 Grupo Financiero Banorte SAB de CV(Mexico) 44,049 0.59564 Societe Generale SA (France) 32,758 0.449,963 UniCredit SpA (Italy) 74,187 1.004,277 Unione di Banche Italiane SCPA (Italy) 29,207 0.39548,883 7.39Beverage (0.77%)4,974 Britvic PLC (United Kingdom) 56,998 0.7756,998 0.77Broadcasting (1.38%)4,420 Atresmedia Corporacion de Medios deComunicacion S.A. (Spain) 72,359 0.98190,500 Global Mediacom Tbk PT (Indonesia) 29,778 0.40102,137 1.38Cable Television (0.50%)1,025 Numericable SAS (France) 36,973 0.5036,973 0.50Chemicals (1.18%)281 Solvay SA (Belgium) 44,359 0.60387 Wacker Chemie AG (Germany) 42,902 0.5887,261 1.18Commercial and Consumer Services (2.08%)3,059 Compass Group PLC (United Kingdom) 49,009 0.661,806 Experian Group Limited(United Kingdom) 33,286 0.4526,047 Thomas Cook Group PLC(United Kingdom) 72,074 0.97154,369 2.08Communications Equipment (0.80%)13,600 Alcatel-Lucent ADR (France) 59,568 0.8059,568 0.80Computers (0.42%)836 Fidessa Group PLC (United Kingdom) 31,176 0.4231,176 0.42Conglomerates (0.57%)2,200 Mitsubishi Corporation (Japan) 42,224 0.5742,224 0.57Construction (1.48%)1,693 Buzzi Unicem SpA (Italy) 30,647 0.41628 HeidelbergCement AG (Germany) 47,660 0.645,325 Mota-Engil SGPS SA (Portugal) 31,669 0.43109,976 1.48Consumer Finance (0.75%)2,100 Credit Saison Company Limited (Japan) 55,387 0.7555,387 0.75NON-U.S. EQUITIES cont.Number of Value % ofShares USD FundElectric Utilities (0.36%)2,142 Origin Energy Limited (Australia) USD 26,891 0.3626,891 0.36Electrical Equipment (0.72%)7,000 Hitachi Limited (Japan) 53,072 0.7253,072 0.72Electronics (2.54%)75 Samsung Electronics CompanyLimited (South Korea) 98,025 1.3212,500 Techtronic Industries Company(Hong Kong) 35,303 0.4813,000 Toshiba Corporation (Japan) 54,707 0.74188,035 2.54Energy (Oil Field) (0.40%)1,464 Petrofac Limited (United Kingdom) 29,649 0.4029,649 0.40Environmental (0.55%)651 Coway Company Limited (South Korea) 41,023 0.5541,023 0.55Financial (0.41%)389 Eurazeo SA (France) 30,428 0.4130,428 0.41Forest Products and Packaging (0.41%)950 Norbord Incorporated (Canada) 30,237 0.4130,237 0.41Homebuilding (0.42%)16,921 Taylor Wimpey PLC (United Kingdom) 31,215 0.4231,215 0.42Insurance (1.76%)5,020 ING Groep NV (Netherlands) 69,544 0.942,741 Prudential PLC (United Kingdom) 60,777 0.82130,321 1.76Leisure (1.03%)1,100 Sega Sammy Holdings Incorporated(Japan) 28,053 0.383,200 Yamaha Motor Company Limited (Japan) 48,083 0.6576,136 1.03Lodging/Tourism (1.02%)800 Grand Korea Leisure CompanyLimited (South Korea) 30,652 0.416,643 TUI Travel PLC (United Kingdom) 45,432 0.6176,084 1.02Medical Technology (0.43%)1,000 Olympus Corporation (Japan) 31,717 0.4331,717 0.43Oil and Gas (4.23%)2,565 BG Group PLC (United Kingdom) 55,090 0.746,352 Cairn Energy PLC (United Kingdom) 28,369 0.3839,800 Ezion Holdings Limited (Singapore) 70,015 0.942,946 Genel Energy PLC (United Kingdom) 52,566 0.713,046 Royal Dutch Shell PLC Class A(United Kingdom) 108,552 1.46314,592 4.23Pharmaceuticals (4.39%)1,500 Astellas Pharma Incorporated (Japan) 88,879 1.201,460 AstraZeneca PLC (United Kingdom) 86,408 1.16454 Novartis AG (Switzerland) 36,334 0.491,076 Sanofi (France) 114,157 1.54325,778 4.39Real Estate (2.45%)46,694 Hibernia REIT PLC (Ireland)(R) 74,515 1.001,587 Persimmon PLC (United Kingdom) 32,535 0.447,989 Regus PLC (United Kingdom) 28,827 0.39The accompanying notes form an integral part of these financial statements.Putnam World Trust 23

Putnam Global Core Equity FundSchedule of Investments (unaudited) cont31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofShares USD FundReal Estate cont.3,300 Sekisui House Limited (Japan) USD 46,207 0.62182,084 2.45Restaurants (0.43%)10,200 Alsea SAB de CV (Mexico) 31,874 0.4331,874 0.43Retail (2.42%)3,400 BR Malls Participacoes SA (Brazil) 24,571 0.3324,800 CP ALL PCL (Thailand) 31,698 0.433,146 Iguatemi Empresa de Shopping CentersSA (Brazil) 29,736 0.40461 Industria de Diseno Textil (Inditex) SA(Spain) 75,438 1.0239,500 Mitra Adiperkasa Tbk PT (Indonesia) 17,853 0.24179,296 2.42Technology (0.47%)400 SoftBank Corporation (Japan) 35,065 0.4735,065 0.47Telecommunications (0.57%)3,499 Telecity Group PLC (United Kingdom) 42,008 0.5742,008 0.57Textiles (0.19%)664 Moncler SpA (Italy) 14,433 0.1914,433 0.19Tobacco (1.10%)2,500 Japan Tobacco Incorporated (Japan) 81,343 1.1081,343 1.10Trucks and Parts (0.53%)1,032 Faurecia (France) 39,326 0.5339,326 0.53Water Utilities (0.52%)2,363 Veolia Environnement (France) 38,505 0.5238,505 0.52Total Non-U.S. Equities USD 3,639,840 49.06U.S. EQUITIES (48.80%)Number of Value % ofShares USD FundAerospace and Defense (0.60%)389 Northrop Grumman Corporation USD 44,583 0.6044,583 0.60Automotive (0.49%)244 Tesla Motors Incorporated 36,668 0.4936,668 0.49Banking (1.11%)3,200 Bank of America Corporation 49,824 0.671,100 Zions BanCorporation 32,945 0.4482,769 1.11Biotechnology (1.08%)475 Celgene Corporation 80,213 1.0880,213 1.08Broadcasting (0.64%)740 CBS Corporation Class B 47,145 0.6447,145 0.64Building Materials (0.56%)1,832 Masco Corporation 41,715 0.5641,715 0.56Cable Television (1.17%)1,500 DISH Network Corporation Class A 86,850 1.1786,850 1.17Chemicals (2.42%)281 Airgas Incorporated 31,421 0.42968 Monsanto Company 112,820 1.521,550 Tronox Limited Class A 35,728 0.48179,969 2.42The accompanying notes form an integral part of these financial statements.24 Putnam World TrustU.S. EQUITIES cont.Number of Value % ofShares USD FundCommercial and Consumer Services (0.71%)1,637 RE/MAX Holdings Incorporated Class A USD 52,351 0.7152,351 0.71Construction (0.65%)1,052 Fortune Brands Home & SecurityIncorporated 48,076 0.6548,076 0.65Consumer Finance (1.85%)615 Visa Incorporated Class A 136,930 1.85136,930 1.85Consumer Goods (0.78%)400 Beam Incorporated 27,212 0.372,000 Coty Incorporated Class A 30,500 0.4157,712 0.78Consumer Services (0.51%)3,200 Groupon Incorporated 37,632 0.5137,632 0.51Electronics (1.06%)3,600 Micron Technology Incorporated 78,300 1.0678,300 1.06Energy (Oil Field) (0.55%)800 Halliburton Company 40,600 0.5540,600 0.55Financial (2.54%)1,685 CME Group Incorporated 132,188 1.784,000 Radian Group Incorporated 56,480 0.76188,668 2.54Forest Products and Packaging (1.24%)1,100 MeadWestvaco Corporation 40,590 0.551,500 Sealed Air Corporation 51,060 0.6991,650 1.24Gaming and Lottery (0.80%)600 Gaming and Leisure PropertiesIncorporated (R) 30,462 0.412,000 Penn National Gaming Incorporated 28,640 0.3959,102 0.80Health-Care Services (2.01%)1,508 Capital Senior Living Corporation 36,162 0.491,574 Catamaran Corporation 79,345 1.071,557 Emeritus Corporation 33,678 0.45149,185 2.01Homebuilding (1.97%)1,800 Forestar Group Incorporated 38,268 0.52346 Howard Hughes Corporation 41,534 0.561,800 PulteGroup Incorporated 36,666 0.493,272 Standard Pacific Corporation 29,612 0.40146,080 1.97Insurance (3.42%)1,977 American International GroupIncorporated 100,926 1.361,312 Assured Guaranty Limited 30,950 0.423,400 Genworth Financial Incorporated Class A 52,768 0.711,900 Hartford Financial Services GroupIncorporated 68,837 0.93253,481 3.42Investment Banking/Brokerage (3.12%)1,800 Blackstone Group LP 56,682 0.763,085 Charles Schwab Corporation 80,210 1.083,033 Morgan Stanley 95,085 1.28231,977 3.12Leisure (0.53%)848 Brunswick Corporation 39,042 0.5339,042 0.53

Putnam Global Core Equity FundSchedule of Investments (unaudited) cont31 December 2013U.S. EQUITIES cont.Number of Value % ofShares USD FundNatural Gas Utilities (0.47%)431 Energy Transfer Equity LP USD 35,213 0.4735,213 0.47Oil and Gas (2.61%)822 Cabot Oil & Gas Corporation 31,853 0.435,000 EXCO Resources Incorporated 26,500 0.365,000 EXCO Resources Incorporated (Rights) 800 0.015,100 Kodiak Oil & Gas Corporation 57,120 0.772,194 Marathon Oil Corporation 77,448 1.04193,721 2.61Pharmaceuticals (0.82%)1,143 Bristol-Myers Squibb Company 60,739 0.8260,739 0.82Power Producers (0.43%)1,100 NRG Energy Incorporated 31,581 0.4331,581 0.43Real Estate (1.58%)1,323 CBRE Group Incorporated Class A 34,782 0.477,100 Hovnanian Enterprises IncorporatedClass A 47,002 0.631,600 Taylor Morrison Home Corporation Class A 35,936 0.48117,720 1.58Retail (3.29%)757 Home Depot Incorporated 62,324 0.843,700 J.C. Penney Company Incorporated 33,855 0.461,220 Lowe's Companies Incorporated 60,439 0.817,200 Office Depot Incorporated 38,016 0.51800 Sears Hometown and Outlet StoresIncorporated 20,368 0.271,656 Tile Shop Holdings Incorporated 29,891 0.40244,893 3.29Semiconductor (1.24%)2,600 Applied Materials Incorporated 45,968 0.62839 Lam Research Corporation 45,684 0.6291,652 1.24Software (0.46%)1,500 Electronic Arts Incorporated 34,395 0.4634,395 0.46Technology Services (5.09%)585 Computer Sciences Corporation 32,696 0.442,315 Facebook Incorporated Class A 126,515 1.70113 Google Incorporated Class A 126,555 1.71562 HomeAway Incorporated 22,963 0.311,701 Yahoo! Incorporated 68,805 0.93377,534 5.09Telephone (0.94%)2,200 CenturyLink Incorporated 70,070 0.9470,070 0.94Tobacco (2.06%)1,169 Philip Morris International Incorporated 101,843 1.371,445 Carlyle Group LP (Partnership shares) 51,471 0.69153,314 2.06Total U.S. Equities USD 3,621,530 48.80PREFERRED STOCKS (0.78%)Number of Value % ofShares USD Fund11,462 Unipol Gruppo Finanzizrio SpA(Preference) (Italy) USD 58,076 0.78Total Preferred Stocks USD 58,076 0.78Total Value of Investments USD 7,319,446 98.64The accompanying notes form an integral part of these financial statements.Putnam World Trust 25

Putnam Global Core Equity FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.13%)UnrealisedContract Delivery ValueAggregateface valueAppreciation/(Depreciation)% ofCounterparty Currency type date USD USD USD FundBank of America, N.A.British Pound Sell 19/03/2014 107,037 108,100 USD 1,063 0.01Euro Sell 19/03/2014 29,315 29,700 385 0.01Singapore Dollar Sell 19/02/2014 20,174 20,379 205 -Barclays Bank PLCBritish Pound Buy 17/04/2017 8,334 8,228 106 -British Pound Sell 17/04/2017 26,098 26,047 (51) -Canadian Dollar Buy 16/01/2014 31,279 32,066 (787) (0.01)Euro Buy 17/04/2017 114,733 112,947 1,786 0.02Euro Sell 19/03/2014 65,831 66,700 869 0.01Hong Kong Dollar Buy 19/02/2014 54,059 54,080 (21) -Norwegian Krona Sell 17/04/2017 120,711 119,972 (739) (0.01)Singapore Dollar Sell 19/02/2014 3,058 3,105 47 -Swiss Franc Sell 17/04/2017 10,601 10,434 (167) -Citibank, N.A.Canadian Dollar Buy 16/01/2014 27,175 27,906 (731) (0.01)Danish Krone Buy 17/04/2017 27,520 27,105 415 0.01Euro Sell 17/04/2017 216,348 213,001 (3,347) (0.05)Euro Sell 17/04/2017 62,155 61,993 (162) -Japanese Yen Buy 19/02/2014 34,094 36,346 (2,252) (0.03)Japanese Yen Buy 19/02/2014 16,613 17,190 (577) (0.01)Credit Suisse InternationalAustralian Dollar Buy 16/01/2014 95,902 100,093 (4,191) (0.06)British Pound Buy 17/04/2017 115,594 114,175 1,419 0.02British Pound Sell 19/03/2014 170,892 172,600 1,708 0.02Euro Buy 17/04/2017 96,320 94,830 1,490 0.02Japanese Yen Buy 19/02/2014 20,076 21,403 (1,327) (0.02)Japanese Yen Sell 19/02/2014 87,571 89,969 2,398 0.03New Zealand Dollar Buy 16/01/2014 2,953 2,948 5 -Swedish Krone Buy 17/04/2017 9,653 9,508 145 -Swiss Franc Buy 17/04/2017 141,010 138,781 2,229 0.03Deutsche Bank AGAustralian Dollar Sell 16/01/2014 50,652 52,861 2,209 0.03Canadian Dollar Buy 16/01/2014 35,307 36,265 (958) (0.01)Euro Buy 17/04/2017 156,900 154,359 2,541 0.03Euro Sell 17/04/2017 54,194 54,187 (7) -Swedish Krone Buy 17/04/2017 29,533 29,082 451 0.01Goldman Sachs InternationalEuro Sell 19/03/2014 35,151 35,400 249 -Euro Sell 19/03/2014 5,527 5,600 73 -HSBC Bank USA, National AssociationBritish Pound Sell 19/03/2014 53,580 54,200 620 0.01British Pound Sell 17/04/2017 90,051 88,908 (1,143) (0.02)British Pound Sell 17/04/2017 83,814 82,723 (1,091) (0.01)Canadian Dollar Sell 16/01/2014 20,768 20,738 (30) -Euro Sell 17/04/2017 93,166 91,686 (1,480) (0.02)Norwegian Krona Sell 17/04/2017 5,017 4,986 (31) -JPMorgan Chase Bank, N.A.British Pound Buy 17/04/2017 26,081 25,681 400 0.01British Pound Buy 17/04/2017 17,982 17,758 224 -British Pound Sell 19/03/2014 118,407 119,600 1,193 0.02British Pound Sell 17/04/2017 125,401 123,858 (1,543) (0.02)Canadian Dollar Buy 16/01/2014 25,246 25,929 (683) (0.01)Euro Sell 19/03/2014 224,634 227,600 2,966 0.05Euro Sell 17/04/2017 116,504 114,700 (1,804) (0.02)Royal Bank of Scotland PLCBritish Pound Sell 19/03/2014 22,078 22,300 222 -The accompanying notes form an integral part of these financial statements.26 Putnam World Trust

Putnam Global Core Equity FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.UnrealisedContract Delivery ValueAggregateface valueAppreciation/(Depreciation)% ofCounterparty Currency type date USD USD USD FundState Street Bank & Trust CompanyAustralian Dollar Sell 16/01/2014 13,155 13,731 USD 576 0.01British Pound Sell 19/03/2014 2,277 2,300 23 -Canadian Dollar Sell 16/01/2014 96,421 99,015 2,594 0.03Euro Sell 19/03/2014 137,497 139,300 1,803 0.02Euro Sell 17/04/2017 56,899 56,019 (880) (0.01)Euro Sell 17/04/2017 75,677 74,454 (1,223) (0.02)Israeli Shekel Buy 16/01/2014 15,429 15,136 293 -Japanese Yen Buy 19/02/2014 13,322 14,204 (882) (0.01)Japanese Yen Buy 19/02/2014 98,305 103,353 (5,048) (0.08)Japanese Yen Sell 19/02/2014 35,022 37,267 2,245 0.03Japanese Yen Sell 19/02/2014 32,561 33,305 744 0.01UBS AGBritish Pound Sell 19/03/2014 19,702 19,900 198 -British Pound Sell 17/04/2017 146,987 145,182 (1,805) (0.02)Canadian Dollar Buy 16/01/2014 37,524 38,534 (1,010) (0.01)Euro Buy 17/04/2017 28,857 28,413 444 0.01Euro Sell 19/03/2014 34,447 34,900 453 0.01Norwegian Krona Buy 17/04/2017 146,622 145,654 968 0.01Swiss Franc Buy 17/04/2017 127,081 125,057 2,024 0.03Swiss Franc Sell 17/04/2017 34,614 34,793 179 -Westpac Banking CorporationAustralian Dollar Buy 16/01/2014 75,956 79,291 (3,335) (0.04)British Pound Sell 19/03/2014 163,576 165,200 1,624 0.02Canadian Dollar Buy 16/01/2014 75,241 77,267 (2,026) (0.03)Euro Sell 19/03/2014 67,424 68,300 876 0.01Japanese Yen Sell 19/02/2014 131,559 140,237 8,678 0.13Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 49,140 0.66Unrealised Depreciation on Forward Foreign Exchange Currency Contracts USD (39,331) (0.53)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 9,809 0.13Total Financial Assets at Fair Value through Profit or Loss USD 7,368,586 99.30Total Financial Liabilities at Fair Value through Profit or Loss USD (39,331) (0.53)% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 97.61(b) OTC financial derivative instruments 0.65(c) Other Assets 1.74Total Assets 100.00The accompanying notes form an integral part of these financial statements.Putnam World Trust 27

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited)31 December 2013U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (18.26%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundU.S. Government Guaranteed Mortgage Obligations (8.77%)USD Government National4,000,000 MortgageAssociation Pass-Through Certificates(TBA) 4.50 01/01/2044GBP2,581,600 1.0029,000,000 Government NationalMortgageAssociation Pass-Through Certificates(TBA) 4.00 01/01/2044 18,224,057 7.093,000,000 Government NationalMortgageAssociation Pass-Through Certificates(TBA) 3.00 01/01/2044 1,749,940 0.68GBP 22,555,597 8.77U.S. Government Agency Mortgage Obligations (9.49%)USD Federal National3,000,000 MortgageAssociation Pass-Through Certificates(TBA) 5.50 01/01/2044GBP1,993,239 0.78114,618 Federal NationalMortgageAssociation Pass-Through Certificates 5.00 01/03/2039 75,156 0.034,355,387 Federal NationalMortgageAssociation Pass-Through Certificates 4.00 01/07/2042 2,682,336 1.048,000,000 Federal NationalMortgageAssociation Pass-Through Certificates(TBA) 4.00 01/01/2044 4,978,261 1.948,000,000 Federal NationalMortgageAssociation Pass-Through Certificates(TBA) 3.50 01/01/2044 4,803,135 1.8718,000,000 Federal NationalMortgageAssociation Pass-Through Certificates(TBA) 2.50 01/01/2044 9,844,473 3.83GBP 24,376,600 9.49Total U.S. Government and Agency MortgageObligations GBP 46,932,197 18.26MORTGAGE-BACKED SECURITIES (16.37%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations (4.64%)USD Federal Home Loan2,222,395 MortgageCorporation(Class ES) 6.08 15/11/2042 GBP 248,792 0.101,472,299 Federal Home LoanMortgageCorporation(Class SA) 5.83 15/08/2043 199,869 0.081,620,522 Federal Home LoanMortgageCorporation(Class PS) 5.83 15/09/2040 160,462 0.064,347,532 Federal Home LoanMortgageCorporation(Class S1) 5.78 15/08/2043 557,906 0.22MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations cont.USD 1,971,667 Federal Home LoanMortgageCorporation(Class AS) 5.72 15/09/2043 GBP 253,774 0.10681,798 Federal Home LoanMortgageCorporation(Class HI) 4.50 15/07/2037 47,144 0.021,519,802 Federal Home LoanMortgageCorporation(Class FO) 0.00 15/04/2041 742,725 0.29805,594 Federal NationalMortgageAssociation(Class SB) 6.29 25/05/2040 76,441 0.031,828,000 Federal NationalMortgageAssociation(Class SA) 5.68 25/01/2044 224,886 0.093,634,592 Federal NationalMortgageAssociation(Class C24) 4.00 25/08/2043 528,998 0.217,450,356 Federal NationalMortgageAssociation (ClassC15) 3.50 25/08/2043 1,044,294 0.411,997,334 Federal NationalMortgageAssociation (Class JI) 3.00 25/12/2041 171,877 0.071,165,293 Government NationalMortgageAssociation(Class SA) 23.77 20/04/2041 1,058,907 0.414,817,192 Government NationalMortgageAssociation(Class SP) 6.48 20/02/2042 688,303 0.276,494,563 Government NationalMortgageAssociation(Class XD) 6.43 16/01/2040 704,266 0.272,072,832 Government NationalMortgageAssociation(Class SC) 6.33 20/05/2040 223,262 0.091,479,500 Government NationalMortgageAssociation(Class MI) 6.28 20/04/2041 202,392 0.081,561,387 Government NationalMortgageAssociation(Class SP) 6.13 20/01/2042 174,992 0.073,330,012 Government NationalMortgageAssociation(Class SB) 5.93 20/08/2039 309,946 0.121,164,000 Government NationalMortgageAssociation(Class SN) 5.73 16/05/2041 170,901 0.074,515,764 Government NationalMortgageAssociation(Class AS) 5.59 20/02/2040 413,140 0.16The accompanying notes form an integral part of these financial statements.28 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations cont.USD Government National5,291,802 MortgageAssociation(Class SA) 5.58 20/03/2040 GBP 526,318 0.207,229,051 Government NationalMortgageAssociation(Class DS) 5.53 20/04/2040 687,558 0.273,714,125 Government NationalMortgageAssociation(Class ES) 5.51 20/04/2040 350,453 0.142,315,402 Government NationalMortgageAssociation(Class UI) 5.00 20/03/2040 314,904 0.124,744,088 Government NationalMortgageAssociation(Class UI) 5.00 20/01/2040 636,061 0.253,755,336 Government NationalMortgageAssociation(Class QI) 4.50 20/01/2040 498,570 0.191,870,231 Government NationalMortgageAssociation(Class IA) 4.50 20/10/2039 187,300 0.071,374,754 Government NationalMortgageAssociation(Class CI) 4.00 20/03/2042 191,115 0.072,653,306 Government NationalMortgageAssociation(Class IO) 3.50 20/05/2043 293,891 0.11GBP 11,889,447 4.64Commercial Mortgage-Backed Securities (9.81%)USD 574,577 Banc of AmericaCommercialMortgage Trust(Class A3) 5.81 10/02/2051 GBP 348,226 0.1478,609 Banc of AmericaCommercialMortgage Trust(Class A2) 5.63 10/04/2049 47,946 0.0297,549 Banc of AmericaCommercialMortgage Trust(Class A2) 5.31 10/10/2045 59,036 0.02877,000 Banc of AmericaCommercialMortgage Trust(Class AJ) (F) 5.29 10/11/2042 551,319 0.21344,478 Banc of AmericaCommercialMortgage Trust(Class XC) 1.03 11/04/2037 75 -1,000,000 CommercialMortgage Trust(Class D) 5.56 15/12/2047 619,463 0.24776,000 COMM MortgageTrust (Class E) 5.36 10/07/2037 474,377 0.18767,000 COMM MortgageTrust (Class AM) 5.35 10/12/2046 535,110 0.2129,642,054 COMM MortgageTrust (Class XA) 2.23 15/05/2045 2,140,880 0.83983,000 COMM MortgageTrust (Class D) 5.05 10/08/2046 527,788 0.21MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundCommercial Mortgage-Backed Securities cont.USD 500,000 CommercialMortgage Pass-Through Certificates(Class AM) 4.06 10/12/2044 GBP 307,792 0.12634,000 CommercialMortgage Pass-Through Certificates(Class D) 4.26 10/07/2045 317,484 0.12339,000 Credit Suisse FirstBoston MortgageSecuritiesCorporation(Class AJ) (F) 5.23 15/12/2040 215,014 0.082,284,156 DBRR Trust (Class A) 1.64 18/12/2049 1,381,518 0.5432,882 DLJ CommercialMortgageCorporation(Class B4) 7.17 10/06/2031 19,851 0.011,069,000 GE CommercialMortgageCorporation Trust(Class B) 4.85 10/06/2048 663,464 0.261,388,000 Greenwich CapitalCommercial FundingCorporation(Class B) (F) 4.89 10/08/2042 859,228 0.33122,063 Greenwich CapitalCommercial FundingCorporation(Class AAB) 4.62 10/08/2042 74,449 0.03561,000 GS MortgageSecurities Trust(Class C) (F) 5.53 10/08/2038 348,569 0.14153,054 GS MortgageSecurities Trust(Class A2) 5.51 10/04/2038 92,773 0.04580,000 JPMorgan ChaseCommercialMortgage SecuritiesCorporation(Class AJ) (F) 5.00 15/08/2042 364,499 0.14499,445 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A2) 5.79 15/06/2049 301,606 0.12490,061 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A3S) 5.32 15/01/2049 296,309 0.121,177,772 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A2) 5.12 15/07/2041 721,537 0.281,338,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class D) (F) 6.31 15/06/2043 848,834 0.33198,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class E) 4.43 15/12/2047 104,578 0.04498,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class D) 4.43 15/12/2047 278,420 0.111,868,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class D) 4.06 15/01/2046 935,192 0.36The accompanying notes form an integral part of these financial statements.Putnam World Trust 29

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundCommercial Mortgage-Backed Securities cont.USD 430,000 LB-UBS CommercialMortgage Trust(Class D) (F) 4.86 15/02/2040 GBP 265,876 0.1058,660,522 LB-UBS CommercialMortgage Trust(Class XCL) 0.35 15/04/2040 107,689 0.042,335,000 MerrillLynch/CountrywideCommercialMortgage Trust(Class AM) 5.46 12/07/2046 1,543,425 0.6086,798 MerrillLynch/CountrywideCommercialMortgage Trust(Class A2FL) 0.28 12/12/2049 52,367 0.02263,382 Morgan StanleyCapital I Trust(Class A2) 5.61 15/04/2049 159,950 0.061,114,342 Morgan StanleyCapital I Trust(Class A2) 5.60 12/04/2049 676,297 0.261,576,121 Morgan StanleyCapital I Trust(Class A2FX) (F) 5.60 12/04/2049 967,973 0.382,942,000 Morgan StanleyCapital I Trust(Class AS) 3.77 15/03/2045 1,783,730 0.692,015,693 Morgan StanleyReREMIC Trust(Class A3B) 5.25 17/12/2043 1,219,677 0.47491,000 TIAA SeasonedCommercialMortgage Trust(Class AJ) (F) 5.56 15/08/2039 314,949 0.12894,000 UBS-BarclaysCommercialMortgage Trust(Class D) (F) 4.35 10/04/2046 458,243 0.187,256,044 UBS-BarclaysCommercialMortgage Trust(Class XA) 1.88 10/12/2045 490,608 0.191,490,000 Wachovia BankCommercialMortgage Trust(Class AM) 5.34 15/11/2048 986,707 0.381,361,000 Wachovia BankCommercialMortgage Trust(Class AJ) 5.16 15/07/2042 867,088 0.341,760,000 Wachovia BankCommercialMortgage Trust(Class D) (F) 5.04 15/10/2041 1,088,236 0.424,557,802 Wachovia BankCommercialMortgage Trust(Class XA) 1.62 15/12/2046 261,906 0.1023,518,024 WFRBS CommercialMortgage Trust(Class XA) 0.72 15/08/2046 589,389 0.23GBP 25,269,447 9.81Residential Mortgage-Backed Securities (Non-Agency) (1.92%)USD BNPP Mortgage2,338,115 Securities LLC(Class A4) 6.00 27/08/2037GBP1,478,140 0.57MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundResidential Mortgage-Backed Securities (Non-Agency) cont.USD Citigroup Mortgage2,375,000 Loan Trust,Incorporated(Class 1A2) 5.50 25/01/2036GBP1,412,709 0.553,092,878 WAMU MortgagePass-ThroughCertificates(Class A1B) 0.61 25/07/2044 1,692,169 0.66672,936 WAMU MortgagePass-ThroughCertificates(Class A1B3) 0.57 25/08/2045 355,578 0.14GBP 4,938,596 1.92Total Mortgage-Backed Securities GBP 42,097,490 16.37COMMERCIAL PAPER (3.43%)Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSDGBP2,000,000 CBS Corporation 0.23 10/01/2014 1,207,694 0.471,600,000 Clorox Company 0.22 22/01/2014 966,083 0.382,150,000 FMC Corporation 0.24 08/01/2014 1,298,285 0.502,000,000 Kinder MorganEnergy Partners 0.23 17/01/2014 1,207,637 0.472,000,000 Marriott InternationalIncorporated 0.24 06/01/2014 1,207,724 0.472,500,000 National Grid 0.34 21/01/2014 1,509,414 0.591,350,000 Nissan MotorAcceptanceCorporation 0.32 03/02/2014 815,003 0.321,000,000 Westar EnergyIncorporated 0.22 06/01/2014 603,864 0.23Total Commercial Paper GBP 8,815,704 3.43U.S. GOVERNMENT AGENCY OBLIGATIONS (9.45%)Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSD Federal Home LoanGBP7,000,000 Bank 0.02 02/01/2014 4,227,178 1.643,700,000 Federal Home LoanBank 0.03 10/01/2014 2,234,348 0.878,000,000 Federal Home LoanMortgageCorporation 0.09 06/05/2014 4,829,554 1.883,600,000 Federal Home LoanMortgageCorporation 0.04 19/02/2014 2,173,860 0.853,600,000 Federal Home LoanMortgageCorporation 0.05 21/01/2014 2,173,912 0.858,220,000 Federal Home LoanMortgageCorporation 0.04 06/01/2014 4,963,891 1.934,000,000 Federal NationalMortgageAssociation 0.04 27/01/2014 2,415,462 0.942,100,000 Federal NationalMortgageAssociation 0.03 10/01/2014 1,268,143 0.49Total U.S. Government Agency Obligations GBP 24,286,348 9.45The accompanying notes form an integral part of these financial statements.30 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013REPURCHASE AGREEMENTS (9.35%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD Repurchase Agreements*-GBP39,829,000 Barclays Capital, Inc. 0.01 02/01/2014 24,052,056 9.35Total Repurchase Agreements GBP 24,052,056 9.35* Interest in USD 39,829,000 repurchase agreement dated 31 December2013 with Barclays Capital, Inc. due 2 January 2014 -- maturity value ofUSD 39,829,022 for an effective yield of 0.01% (collateralised by U.S.Treasury Bills with coupon rate of 0.625% and due date of 30 November2017 valued at USD40,658,705).NON-U.S. CORPORATE BONDS AND NOTES (3.10%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD ABN Amro Bank NV645,000 (Netherlands) 4.25 02/02/2017 GBP 417,581 0.16235,000 America Movil SABde CV (Mexico) 2.38 08/09/2016 145,401 0.06670,000 Barclays Bank PLC(United Kingdom) 10.18 12/06/2021 534,794 0.2185,000 Electricite de France(France) 6.95 26/01/2039 62,715 0.02900,000 Electricite de France(France) 5.25 perpetual 540,777 0.21223,000 Gazprom OAO ViaGaz Capital SA(Russia) 8.15 11/04/2018 158,611 0.06342,000 Grupo Televisa SAB(Mexico) 6.00 15/05/2018 230,035 0.0944,000 Kansas City Southernde Mexico SA de CV(Mexico) 2.35 15/05/2020 24,732 0.01700,000 Majapahit HoldingBV (Indonesia) 7.75 20/01/2020 461,240 0.18450,000 Pemex ProjectFunding Master Trust(Mexico) 6.63 15/06/2038 279,900 0.111,130,000 Petroleos deVenezuela SA(Venezuela) 5.25 12/04/2017 507,649 0.20250,000 Petroleos deVenezuela SA(Venezuela) 8.50 02/11/2017 125,683 0.05625,000 Russian AgriculturalBank OJSC Via RSHBCapital SA (Russia) 7.13 14/01/2014 377,567 0.15400,000 Santander IssuancesSAU (Spain) 5.91 20/06/2016 250,152 0.10300,000 Sberbank of RussiaVia SB Capital SA(Russia) 6.13 07/02/2022 190,972 0.07475,000 Sberbank of RussiaVia SB Capital SA(Russia) 4.95 07/02/2017 304,055 0.125,075,000 VTB Bank OJSC Via VTBCapital SA (Russia) 6.88 29/05/2018 3,344,207 1.30Total Non-U.S. Corporate Bonds and Notes GBP 7,956,071 3.10U.S. CORPORATE BONDS AND NOTES (1.73%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD Anheuser-BuschGBP1,770,000 Companies LLC 5.60 01/03/2017 1,192,549 0.46290,000 Bear StearnsCompanies LLC 5.70 15/11/2014 182,923 0.0769,000 Citigroup, Incorporated 8.50 22/05/2019 53,401 0.0281,000 Kansas City SouthernRailway Company 4.30 15/05/2043 42,664 0.02370,000 MetLife Capital Trust X 9.25 01/01/2068 287,954 0.11330,000 Narragansett ElectricCompany 4.17 10/12/2042 174,260 0.07U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD 610,000 Prudential Financial,Incorporated 8.88 15/06/2038GBP 448,489 0.17623,000 Rohm & HaasCompany 6.00 15/09/2017 426,794 0.17405,000 SBA Tower Trust 2.93 15/12/2017 248,337 0.10340,000 State Street CapitalTrust IV Company 1.24 15/06/2037 155,450 0.06110,000 United TechnologiesCorporation 4.50 01/06/2042 64,507 0.0370,000 United TechnologiesCorporation 3.10 01/06/2022 41,333 0.0245,000 UnitedHealth Group,Incorporated 4.63 15/11/2041 25,515 0.011,500,000 Ventas Realty LP 3.13 30/11/2015 942,048 0.37200,000 ZFS Finance USATrust V 6.50 09/05/2037 128,476 0.05Total U.S. Corporate Bonds and Notes GBP 4,414,700 1.73FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (1.69%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD 911,000 Argentina(Republic of) 7.00 03/10/2015 GBP 548,212 0.21830,000 Brazil (FederalRepublic of) 4.88 22/01/2021 527,291 0.21BRL 736 Brazil (FederalRepublic of) 10.00 01/01/2021 163,901 0.06USD Croatia260,000 (Republic of) 6.25 27/04/2017 167,137 0.0685,000 Ghana (Republic of) 8.50 04/10/2017 54,826 0.02233,503 Ghana (Republic of) 7.88 07/08/2023 135,749 0.05820,000 Indonesia(Republic of) 3.38 15/04/2023 418,688 0.161,045,000 Indonesia(Republic of) 7.75 17/01/2038 712,306 0.281,255,000 Poland (Republic of) 5.00 23/03/2022 809,977 0.31220,000 Russia(Federation of) 4.50 04/04/2022 134,515 0.05146,575 Russia(Federation of) 7.50 31/03/2030 103,030 0.041,060,000 South Africa(Republic of) 4.67 17/01/2024 612,111 0.24Total Foreign Government and Agency Bondsand Notes GBP 4,387,743 1.69PURCHASED SWAP OPTIONS OUTSTANDING (-%)Contract Expiration date/ Value % ofAmount Strike price GBP FundUSD Option on an interest4,977,900 rate swap with CreditSuisse International forthe right to receive afixed rate of 2.79625%versus the three monthGBP-LIBOR-BBAmaturing May 2024.May-14/GBP 2.79625 GBP 10,551 -Total Purchased Swap Options Outstanding GBP 10,551 -SHORT-TERM INVESTMENTS (52.53%)Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSDGBP10,000,000 U.S. Treasury Bills* 0.12 13/11/2014 6,032,575 2.3510,000,000 U.S. Treasury Bills** 0.13 16/10/2014 6,032,791 2.3525,000,000 U.S. Treasury Bills** 0.10 18/09/2014 15,085,626 5.8722,114,000 U.S. Treasury Bills* 0.09-0.12 21/08/2014 13,343,701 5.1920,000,000 U.S. Treasury Bills* 0.07-0.11 24/07/2014 12,071,740 4.69The accompanying notes form an integral part of these financial statements.Putnam World Trust 31

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013SHORT-TERM INVESTMENTS cont.Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSDGBP21,563,000 U.S. Treasury Bills*** 0.04-0.09 29/05/2014 13,018,276 5.0610,000,000 U.S. Treasury Bills 0.09 22/05/2014 6,036,790 2.3510,000,000 U.S. Treasury Bills 0.08 15/05/2014 6,036,919 2.3510,000,000 U.S. Treasury Bills 0.0908/05/2014 6,036,939 2.3510,000,000 U.S. Treasury Bills 0.08 01/05/2014 6,037,169 2.3510,000,000 U.S. Treasury Bills 0.07 24/04/2014 6,037,408 2.3510,000,000 U.S. Treasury Bills**** 0.07 17/04/2014 6,037,630 2.3515,000,000 U.S. Treasury Bills 0.07 10/04/2014 9,056,501 3.5210,000,000 U.S. Treasury Bills 0.0903/04/2014 6,037,402 2.3510,000,000 U.S. Treasury Bills 0.0806/02/2014 6,038,347 2.3510,000,000 U.S. Treasury Bills* 0.01 16/01/2014 6,038,814 2.3510,000,000 U.S. Treasury Bills 0.02 02/01/2014 6,038,826 2.35Total Short-Term Investments GBP 135,017,454 52.53Total Value of Investments GBP 297,970,314 115.91* Security is partly held as collateral by Barclays Capital.** Security is partly held as collateral by Barclays Capital and Merrill Lynch.*** Security is partly held as collateral by Merrill Lynch.**** Security is partly held as collateral by UBS.(F) is valued at fair value following procedures approved by the Investment Advisor.Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 29("FRS 29"), "Improving Disclosures about Financial Instruments” based on thesecurities' valuation inputs.The accompanying notes form an integral part of these financial statements.32 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013OTC INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.04%)SwapCounterpartyNotionalAmountUpfrontpremiumreceived/(paid)TerminationDatePayments madeby Fundper annumPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)GBP% ofFundBank of America N.A.CAD 1,294,000 GBP - 18/11/2023 3 month CAD-BA-CDOR 2.9675% GBP (12,182) -CAD 1,642,000 - 27/12/2023 3.20% 3 month CAD-BA-CDOR (918) -CAD 1,961,000 - 31/10/2023 2.9075% 3 month CAD-BA-CDOR 22,615 0.02CAD 726,000 - 01/11/2023 2.9275% 3 month CAD-BA-CDOR 7,687 -CAD 257,000 - 05/12/2018 3 month CAD-BA-CDOR 2.1125% (1,016) -CAD 482,000 - 09/12/2023 3 month CAD-BA-CDOR 3.06% (2,747) -CAD 1,150,000 - 11/12/2023 3.0207% 3 month CAD-BA-CDOR 8,901 -CAD 871,000 - 19/12/2023 3 month CAD-BA-CDOR 3.135% (2,037) -CAD 469,000 - 20/12/2023 3.10% 3 month CAD-BA-CDOR 1,951 -CAD 412,000 - 24/12/2023 3.12875% 3 month CAD-BA-CDOR 1,216 -Barclays Bank PLCAUD 367,500 - 27/11/2023 6 month AUD-BBR-BBSW 4.57% 334 -AUD 521,000 - 19/12/2023 4.56% 6 month AUD-BBR-BBSW 265 -AUD 437,000 - 16/12/2023 4.6275% 6 month AUD-BBR-BBSW (1,161) -AUD 497,000 - 19/12/2023 4.555% 6 month AUD-BBR-BBSW 363 -AUD 412,000 - 23/12/2023 4.6165% 6 month AUD-BBR-BBSW (742) -AUD 206,000 - 23/12/2023 4.618% 6 month AUD-BBR-BBSW (384) -AUD 409,000 - 31/12/2023 4.65425% 6 month AUD-BBR-BBSW (1,320) -AUD 409,000 (E) - 06/01/2024 4.6275% 6 month AUD-BBR-BBSW (697) -AUD 614,000 (E) - 06/01/2024 4.61% 6 month AUD-BBR-BBSW (565) -CHF 619,000 - 18/11/2023 1.492% 6 month CHF-LIBOR-BBA 4,154 -CHF 833,000 - 05/12/2023 1.489% 6 month CHF-LIBOR-BBA 6,393 -EUR 23,023,000 (E) - 03/08/20171 month EUR-EONIA-OIS-COMPOUND 1.41727% 51,642 0.03GBP 1,409,000 - 15/08/2031 3.60% 6 month GBP-LIBOR-BBA (58,771) (0.03)Credit Suisse InternationalAUD 3,275,000 - 18/11/2023 6 month AUD-BBR-BBSW 4.545% 447 -AUD 512,500 - 16/12/2023 4.63% 6 month AUD-BBR-BBSW (1,419) -CHF 634,000 - 22/10/2023 6 month CHF-LIBOR-BBA 1.51875% (2,326) -CHF 942,000 - 19/11/2023 1.4775% 6 month CHF-LIBOR-BBA 7,225 -CHF 516,000 - 20/11/2023 1.47% 6 month CHF-LIBOR-BBA 4,216 -CHF 375,000 - 04/12/2023 1.4675% 6 month CHF-LIBOR-BBA 3,372 -CHF 1,893,000 - 18/07/2023 1.4925% 6 month CHF-LIBOR-BBA 8,889 -CHF 1,267,000 - 19/12/2023 1.5825% 6 month CHF-LIBOR-BBA 3,059 -CHF 178,000 - 19/12/2023 6 month CHF-LIBOR-BBA 1.5825% (430) -SEK 3,450,000 - 28/11/2023 3 month SEK-STIBOR-SIDE 2.635% (6,166) -SEK 2,450,000 - 19/12/2023 3 month SEK-STIBOR-SIDE 2.69% (3,493) -SEK 3,620,000 - 23/12/2023 3 month SEK-STIBOR-SIDE 2.81% (1,659) -Goldman Sachs InternationalAUD 1,827,000 - 18/11/2023 6 month AUD-BBR-BBSW 4.545% 249 -AUD 237,000 - 20/11/2023 6 month AUD-BBR-BBSW 4.535% (89) -CAD 845,000 - 30/05/2023 2.534% 3 month CAD-BA-CDOR 23,045 0.02CHF 2,100,000 - 02/07/2023 6 month CHF-LIBOR-BBA 1.515% 3,245 -CHF 2,100,000 - 03/07/2023 6 month CHF-LIBOR-BBA 1.5275% 4,897 -CHF 325,000 - 03/09/2023 6 month CHF-LIBOR-BBA 1.585% 959 -CHF 1,903,000 - 21/10/2023 6 month CHF-LIBOR-BBA 1.55% (3,133) -CHF 1,000,000 - 07/11/2023 1.475% 6 month CHF-LIBOR-BBA 7,228 -CHF 1,812,000 - 08/11/2023 6 month CHF-LIBOR-BBA 1.465% (14,329) (0.01)EUR 50,300,000 (E) - 06/08/20171 month EUR-EONIA-OIS-COMPOUND 1.102% (21,312) (0.01)1 year EUR-EONIA-OIS-EUR 14,421,000 - 30/08/2014COMPOUND 0.11% (2,527) -3 month EUR-EURIBOR-EUR 14,421,000 - 30/08/2014 0.309%REUTERS (13,967) (0.01)1 year EUR-EONIA-OIS-EUR 14,421,000 - 31/08/2014COMPOUND 0.11% (2,497) -The accompanying notes form an integral part of these financial statements.Putnam World Trust 33

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013OTC INTEREST RATE SWAP CONTRACTS OUTSTANDING cont.UpfrontPayments madePayments receivedUnrealisedAppreciation/SwapNotionalpremium Terminationby Fundby Fund (Depreciation) % ofCounterpartyAmount received/(paid) Dateper annumper annum GBP FundGoldman Sachs International cont. -EUR 14,421,000 - 31/08/2014 0.314%3 month EUR-EURIBOR-REUTERS GBP (14,655) (0.01)1 year EUR-EONIA-OIS-EUR 14,421,000 - 03/09/2014COMPOUND 0.086% (5,429) -EUR 14,421,000 - 03/09/2014 0.283%3 month EUR-EURIBOR-REUTERS (10,724) -GBP 1,409,000 - 23/09/2031 6 month GBP-LIBOR-BBA 3.1175% (43,238) (0.03)KRW 1,690,000,000 - 12/07/2018 3.07%3 month KRW-CD-KSDA-BLOOMBERG 792 -KRW 4,000,000,000 - 12/07/20153 month KRW-CD-KSDA-BLOOMBERG 2.771% 674 -SEK 2,561,000 - 14/10/2023 2.84% 3 month SEK-STIBOR-SIDE (499) -SEK 4,060,000 - 29/11/2023 3 month SEK-STIBOR-SIDE 2.60% (8,458) -SEK 3,340,000 - 06/12/2023 3 month SEK-STIBOR-SIDE 2.72125% (3,725) -JPMorgan Chase Bank N.A.AUD 618,000 - 19/11/2023 4.505% 6 month AUD-BBR-BBSW 1,037 -AUD 316,500 - 13/12/2023 4.6375% 6 month AUD-BBR-BBSW (1,016) -AUD 417,000 - 18/12/2023 4.5925% 6 month AUD-BBR-BBSW (422) -CAD 3,467,000 - 26/02/2018 3 month CAD-BA-CDOR 1.65% (29,016) (0.01)CAD 593,000 - 06/08/2023 3 month CAD-BA-CDOR 3.01625% (1,149) -CAD 1,336,000 - 17/09/2023 3 month CAD-BA-CDOR 3.23% 9,291 -CAD 624,000 - 06/11/2023 3 month CAD-BA-CDOR 3.003% (4,370) -CAD 339,000 - 26/11/2023 3 month CAD-BA-CDOR 2.955% (3,526) -CAD 553,000 - 05/12/2023 3 month CAD-BA-CDOR 3.065% (2,891) -CAD 493,500 - 13/12/2023 3 month CAD-BA-CDOR 3.076% (2,484) -CAD 493,500 - 13/12/2023 3 month CAD-BA-CDOR 3.063% (2,808) -CAD 418,000 - 17/12/2023 3 month CAD-BA-CDOR 3.072% (2,278) -SEK 4,911,000 - 11/12/2023 2.745% 3 month SEK-STIBOR-SIDE 3,893 -SEK 3,290,000 - 23/12/2023 3 month SEK-STIBOR-SIDE 2.80% (1,780) -ZAR 36,410,000 - 10/07/2015 5.90% 3 month ZAR-JIBAR-SAFEX (4,601) -ZAR 16,205,000 - 10/07/2018 3 month ZAR-JIBAR-SAFEX 7.11% 327 -Unrealised Appreciation on OTC Interest Rate Swap Contracts Outstanding GBP 188,366 0.07Unrealised Depreciation on OTC Interest Rate Swap Contracts Outstanding GBP (298,956) (0.11)Net Unrealised Depreciation on OTC Interest Rate Swap Contracts Outstanding GBP (110,590) (0.04)(E) See Note 2 to the financial statements regarding extended effective dates.CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (0.07%)NotionalAmountUpfrontpremiumreceived/(paid)TerminationDatePayments madeby Fundper annumPayments receivedby Fundper annum6 month EUR-EURIBOR-UnrealisedAppreciation/(Depreciation)GBPEUR 747,000 GBP (8) 09/12/2023 2.044%REUTERS GBP 4,953 -1 month EUR-EONIA-OIS-6,892,000 (E) (24) 03/09/2017 1.53%COMPOUND (18,747) -6 month EUR-EURIBOR-1,398,000 (9) 17/07/2023 1.918%REUTERS 9,220 -6 month EUR-EURIBOR-1,070,000 (7) 17/07/2023 1.906%REUTERS 8,066 -6 month EUR-EURIBOR-179,000 (1) 03/09/2023REUTERS 2.1825% 1,916 -6 month EUR-EURIBOR-1,892,000 (12) 21/10/2023REUTERS 2.168% 11,907 -6 month EUR-EURIBOR-1,498,000 (9) 05/12/2023 1.9825%REUTERS 16,589 0.01415,000 (3) 20/12/2023% ofFund6 month EUR-EURIBOR-REUTERS 2.052% (2,896) -The accompanying notes form an integral part of these financial statements.34 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING cont.NotionalAmountUpfrontpremiumreceived/(paid)TerminationDatePayments madeby Fundper annum6 month EUR-EURIBOR-Payments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)GBPEUR 15,400,000 (E) (29) 04/12/2016REUTERS 0.926% GBP (25,360) (0.01)6 month EUR-EURIBOR-1,290,000 (8) 05/12/2023 1.9885%REUTERS 13,691 0.016 month EUR-EURIBOR-328,000 (2) 09/12/2023 2.095%REUTERS 879 -6 month EUR-EURIBOR-4,992,000 (E) (30) 18/07/2023REUTERS 2.932% (19,439) (0.01)6 month EUR-EURIBOR-1,670,000 (10) 18/12/2023 2.05%REUTERS 11,611 -GBP 287,000 (2) 19/12/2023 2.90% 6 month GBP-LIBOR-BBA 1,974 -JPY 231,781,000 (28) 12/07/1943 2.024375% 6 month JPY-LIBOR-BBA (54,701) (0.02)72,532,000 (8) 03/10/1943 6 month JPY-LIBOR-BBA 1.8425% (3,939) -1,115,258,000 (30) 12/07/2018 6 month JPY-LIBOR-BBA 0.5175% 57,192 0.02115,891,000 (14) 18/07/1943 1.9825% 6 month JPY-LIBOR-BBA (20,091) (0.01)557,629,000 (15) 18/07/2018 6 month JPY-LIBOR-BBA 0.4825% 22,613 0.01836,443,500 (22) 28/08/2018 0.4475% 6 month JPY-LIBOR-BBA (22,456) (0.01)174,504,000 (4) 03/10/2018 0.403% 6 month JPY-LIBOR-BBA (1,875) -87,040,000 (10) 15/10/1943 6 month JPY-LIBOR-BBA 1.73% (19,085) (0.01)EUR 15,400,000 (E) (48) 25/11/20166 month EUR-EURIBOR-REUTERS 0.915% (24,612) (0.01)15,400,000 (E) (48) 25/11/20166 month EUR-EURIBOR-REUTERS 0.925% (23,333) (0.01)15,400,000 (E) (41) 05/12/20166 month EUR-EURIBOR-REUTERS 0.918% (26,397) (0.01)6 month EUR-EURIBOR-98,000 (E) (1) 19/07/2023REUTERS 2.92% (428) -1,333,000 (15) 02/01/20246 month EUR-EURIBOR-REUTERS 2.1675% 1,491 -JPY 174,504,000 (9) 03/10/2018 0.403% 6 month JPY-LIBOR-BBA (1,879) -72,532,000 (16) 03/10/1943 6 month JPY-LIBOR-BBA 1.843% (3,896) -6 month EUR-EURIBOR-EUR 4,500,000 (E) (43) 02/07/2023 2.895%Telerate 21,864 0.014,500,000 (E) (43) 03/07/2023 2.89%6 month EUR-EURIBOR-REUTERS 22,761 0.019,178,000 (105) 15/07/2023 1.945%6 month EUR-EURIBOR-REUTERS 40,366 0.026 month EUR-EURIBOR-803,000 (E) (8) 03/09/2023 3.0925%REUTERS (695) -648,000 (7) 02/01/20246 month EUR-EURIBOR-REUTERS 2.171% 897 -6 month EUR-EURIBOR-15,400,000 (E) (48) 27/11/2016REUTERS 0.942% (21,798) (0.01)6 month EUR-EURIBOR-791,000 (9) 06/12/2023 2.028%REUTERS 6,025 -415,000 (5) 09/12/2023 2.092%6 month EUR-EURIBOR-REUTERS 1,207 -652,000 (7) 11/12/2023 2.09%6 month EUR-EURIBOR-REUTERS 2,103 -748,000 (8) 12/12/2023 2.081%6 month EUR-EURIBOR-REUTERS 3,026 -400,000 (4) 16/12/2023 2.068%6 month EUR-EURIBOR-REUTERS 2,165 -18,609,000 (E) (87) 20/09/2017 1.015%1 month EUR-EONIA-OIS-COMPOUND 32,223 0.016 month EUR-EURIBOR-3,325,000 (37) 20/12/2023REUTERS 2.037% (27,068) (0.01)6 month EUR-EURIBOR-668,000 (7) 02/01/2024REUTERS 2.166% 670 -USD 5,309,800 (E) (37) 21/11/2023 3 month USD-LIBOR-BBA 4.22125% (47,910) (0.02)7,539,900 (E) (26) 21/11/2018 2.1525% 3 month USD-LIBOR-BBA 54,749 0.02% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 35

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING cont.NotionalAmountUpfrontpremiumreceived/(paid)TerminationDatePayments madeby Fundper annumPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)GBPUSD 10,636,000 (E) 31,694 19/03/2019 3 month USD-LIBOR-BBA 1.90% GBP 42,677 0.027,539,900 (E) (38) 20/11/2018 2.14% 3 month USD-LIBOR-BBA 55,785 0.025,309,800 (E) (37) 20/11/2023 3 month USD-LIBOR-BBA 4.255% (43,357) (0.02)29,585,400 (E) 213,044 19/03/2019 3 month USD-LIBOR-BBA 2.00% 156,767 0.0640,215,700 (E) 120,131 19/03/2016 3 month USD-LIBOR-BBA 0.75% 41,202 0.02785,200 (E) 11,214 19/03/1944 3 month USD-LIBOR-BBA 3.75% (7,790) -38,081,900 (E) 386,057 19/03/2024 3 month USD-LIBOR-BBA 3.25% 233,816 0.10103,500,000 (E) (205) 05/12/2016 3 month USD-LIBOR-BBA 1.237% 199,176 0.08949,000 (E) 2,716 19/03/2024 3 month USD-LIBOR-BBA 3.15% 4,051 -GBP 2,603,000 (E) 20,114 19/03/2024 6 month GBP-LIBOR-BBA 3.00% 36,148 0.01EUR 946,000 (11) 22/10/20236 month EUR-EURIBOR-REUTERS 2.125% 2,748 -Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding GBP 1,122,528 0.43Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding GBP (417,752) (0.16)Net Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding GBP 704,776 0.27Variation Margin Settlement to Date GBP (532,079) (0.20)Cumulative Unrealised less Variation Margin Settlement to Date GBP 172,697 0.07(E) See Note 2 to the financial statements regarding extended effective dates.% ofFundOTC CREDIT DEFAULT CONTRACTS OUTSTANDING (-0.05%)Swap Counterparty/Referenced debt*UpfrontPremiumReceived/(paid)**CurrencyNotionalAmountFixed paymentsTermination Received (paid)Date by Fund per annumUnrealisedAppreciation/(Depreciation)GBPBank of America N.A.CMBX NA BBB Index GBP 2,858 USD 72,000 11/05/2063 300 bp GBP 2,166 -CMBX NA BBB Index 5,816 143,000 11/05/2063 300 bp 4,441 -Barclays Bank PLCCMBX NA BBB Index 7,994 112,000 11/05/2063 300 bp 6,918 -Citibank, N.A.EM Series 11 Index (67,001) 3,660,000 20/06/2014 (500 bp) (96,336) (0.04)Credit Suisse InternationalCMBX NA BBB Index 318 4,000 11/05/2063 300 bp 279 -CMBX NA BBB Index 354 70,000 11/05/2063 300 bp (319) -CMBX NA BBB Index 4,793 94,000 11/05/2063 300 bp 3,890 -CMBX NA BBB Index 8,621 118,000 11/05/2063 300 bp 7,487 0.01CMBX NA BBB Index 6,002 118,000 11/05/2063 300 bp 4,868 -CMBX NA BBB Index 5,885 118,000 11/05/2063 300 bp 4,751 -CMBX NA BBB Index 5,043 118,000 11/05/2063 300 bp 3,910 -CMBX NA BBB Index 2,407 119,000 11/05/2063 300 bp 1,263 -CMBX NA BBB Index 1,385 119,000 11/05/2063 300 bp 241 -CMBX NA BBB Index 1,265 126,000 11/05/2063 300 bp 54 -CMBX NA BBB Index 1,043 138,000 11/05/2063 300 bp (283) -CMBX NA BBB Index 6,738 140,000 11/05/2063 300 bp 5,392 -CMBX NA BBB Index 7,738 155,000 11/05/2063 300 bp 6,248 0.01CMBX NA BBB Index 6,412 239,000 11/05/2063 300 bp 4,115 -CMBX NA BBB- Index 2,694 92,000 11/05/2063 300 bp 1,810 -CMBX NA BBB- Index 3,097 116,000 11/05/2063 300 bp 1,982 -Deutsche Bank AGEM Series 11 Index (46,882) 3,120,000 20/06/2014 (500 bp) (71,889) (0.03)Unrealised Appreciation on OTC Credit Default Contracts Outstanding GBP 59,815 0.02Unrealised Depreciation on OTC Credit Default Contracts Outstanding GBP (168,827) (0.07)Net Unrealised Depreciation on OTC Credit Default Contracts Outstanding GBP (109,012) (0.05)* Payments related to the referenced debt are made upon a credit default event.** Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.For information on the credit risks associated with Credit Default Contracts, please refer to Note 5(f) of the financial statements.% ofFundThe accompanying notes form an integral part of these financial statements.36 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013TBA SALES COMMITMENTS OUTSTANDING (-12.46%)PrincipalAmountsCouponRate%MaturityDateValueGBP% ofFundUSD (8,000,000) Federal National Mortgage Association 4.00 01/01/2044 GBP (4,978,261) (1.94)(19,000,000) Federal National Mortgage Association 3.50 01/01/2044 (11,407,445) (4.44)(10,000,000) Federal National Mortgage Association 3.00 01/01/2044 (5,738,776) (2.23)(8,000,000) Government National Mortgage Association 4.00 01/01/2044 (5,027,326) (1.95)(8,000,000) Government National Mortgage Association 3.50 01/01/2044 (4,875,978) (1.90)Total TBA Sales Commitments Outstanding GBP (32,027,786) (12.46)FORWARD PREMIUM SWAP OPTION CONTRACTS OUTSTANDING (0.01%)Expiration date/strike priceContractValueUnrealisedAppreciation/(Depreciation)GBPOption on an interest rate swap with Goldman Sachs International for the right to pay a fixed rateof 1.18% versus the three month USD-LIBOR-BBA maturing May 2017. May-14/USD 1.18 USD 15,293,000 GBP 21,241 0.01Option on an interest rate swap with Goldman Sachs International for the right to pay a fixed rateof 1.1925% versus the three month USD-LIBOR-BBA maturing May 2017. May-14/1.1925 USD 15,293,000 20,872 0.01Option on an interest rate swap with Goldman Sachs International for the right to receive a fixedrate of 1.035% versus the six month EUR EURIBOR maturing May 2017.May-14/EUR 1.035 EUR 12,276,000 (6,731) -Option on an interest rate swap with Goldman Sachs International for the right to receive a fixedrate of 1.029% versus the six month EUR EURIBOR maturing May 2017. May-14/1.029 EUR 12,276,000 (9,383) (0.01)Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to pay a fixed rate of1.155% versus the three month USD-LIBOR-BBA maturing May 2017.May-14/USD 1.155 USD 12,234,000 16,549 -Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to receive a fixed rateof 2.777% versus the three month USD-LIBOR-BBA maturing May 2024. May-14/2.777 USD 4,977,900 (24,169) (0.01)Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to pay a fixed rate of1.6% versus the three month USD-LIBOR-BBA maturing May 2019. May-14/1.60 USD 9,955,900 24,891 0.01Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to receive a fixed rateof 1.004% versus the six month EUR EURIBOR maturing May 2017.May-14/EUR 1.004 EUR 9,207,000 (7,419) -Unrealised Appreciation on Forward Premium Swap Option Contracts Outstanding GBP 83,553 0.03Unrealised Depreciation on Forward Premium Swap Option Contracts Outstanding GBP (47,702) (0.02)Net Depreciation on Forward Premium Swap Option Contracts Outstanding GBP 35,851 0.01WRITTEN SWAPTIONS OUTSTANDING (-%)Fixed obligation % to receive or(pay)/Floating rate index/Maturity dateExpiration date/strike priceContractValue GBPCredit Suisse International(1.5775)/3 month USD-LIBOR-BBA/May-19 (written) May-14/USD 1.5775 USD 9,955,900 GBP (8,116) -Total Written Swaptions Outstanding GBP (8,116) -ValueGBP% ofFund% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 37

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.05%)SwapCounterpartyBank of America N.A.NotionalAmountUpfrontPremiumReceived/(paid)TerminationDateFixed PaymentsReceived (paid) byFund per annumUSD 406,388 GBP - 12/01/20414.00% (1 month USD-LIBOR)4.50% (1 month USD-707,627 - 12/01/2041LIBOR)Barclays Bank PLC5.00% (1 month USD-104,094 - 12/01/2040LIBOR)4.50% (1 month USD-1,347,679 - 12/01/2040LIBOR)4.00% (1 month USD-331,637 - 12/01/2042LIBOR)(6.50%) 1 month USD-2,978,525 - 12/01/2038LIBOR5.00% (1 month USD-2,423,860 - 12/01/2040LIBOR)5.00% (1 month USD-2,154,628 - 12/01/2041LIBOR)4.00% (1 month USD-7,238,813 - 12/01/2041LIBOR)4.00% (1 month USD-1,513,710 - 12/01/2041LIBOR)(6.50%) 1 month USD-7,783,567 - 12/01/2038LIBOR5.00% (1 month USD-6,630,643 - 12/01/2041LIBOR)5.00% (1 month USD-980,937 - 12/01/2041LIBOR)4.00% (1 month USD-253,035 - 12/01/2040LIBOR)5.00% (1 month USD-490,468 - 12/01/2041LIBOR)4.00% (1 month USD-391,444 - 12/01/2041LIBOR)6.00% (1 month USD-672,981 - 12/01/2039LIBOR)(6.50%) 1 month USD-6,664,171 - 12/01/2038LIBOR5.00% (1 month USD-7,092,174 - 12/01/2041LIBOR)4.00% (1 month USD-2,106,082 - 12/01/2040LIBOR)4.00% (1 month USD-246,102 - 12/01/2040LIBOR)6.50% (1 month USD-127,556 - 12/01/2038LIBOR)5.00% (1 month USD-279,077 - 12/01/2041LIBOR)4.50% (1 month USD-1,806,265 - 12/01/2041LIBOR)5.00% (1 month USD-1,471,405 - 12/01/2041LIBOR)(6.50%) 1 month USD-2,812,792 - 12/01/2038LIBOR4.00% (1 month USD-1,189,757 - 12/01/2041LIBOR)5.00% (1 month USD-282,249 - 12/01/2040LIBOR)4.50% (1 month USD-682,070 - 12/01/2040LIBOR)5.00% (1 month USD-1,553,804 - 12/01/2041LIBOR)Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBP% ofFundSynthetic TRS Index 4.00%30 year Fannie Mae pools GBP 902 -Synthetic TRS Index 4.50%30 year Fannie Mae pools 3,621 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 122 -Synthetic MBX Index 4.50%30 year Fannie Mae pools (1,686) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 611 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (4,366) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 2,842 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 2,526 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 16,066 0.02Synthetic TRS Index 4.00%30 year Fannie Mae pools 3,360 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (11,409) (0.01)Synthetic MBX Index 5.00%30 year Fannie Mae pools 7,774 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 1,150 -Synthetic MBX Index 4.00%30 year Fannie Mae pools (476) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 575 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 869 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 3,263 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (9,768) (0.01)Synthetic MBX Index 5.00%30 year Fannie Mae pools 8,315 -Synthetic MBX Index 4.00%30 year Fannie Mae pools (3,964) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 616 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 507 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 327 -Synthetic TRS Index 4.50%30 year Fannie Mae pools 9,242 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 1,725 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (4,123) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 2,641 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 331 -Synthetic MBX Index 4.50%30 year Fannie Mae pools (854) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 1,822 -The accompanying notes form an integral part of these financial statements.38 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.UpfrontPremiumReceived/(paid)Fixed PaymentsReceived (paid) byFund per annumSwapCounterpartyNotionalAmountTerminationDateBarclays Bank PLC cont.5.00% (1 month USD-USD 91,125 - 12/01/2040LIBOR)5.00% (1 month USD-295,901 - 12/01/2040LIBOR)5.00% (1 month USD-214,673 - 12/01/2040LIBOR)(6.50%) 1 month USD-4,913,564 - 12/01/2038LIBOR(6.00%) 1 month USD-2,245,734 - 12/01/2039LIBOR(5.50%) 1 month USD-745,494 - 12/01/2039LIBOR(5.50%) 1 month USD-372,747 - 12/01/2039LIBOR(5.50%) 1 month USD-372,747 - 12/01/2039LIBOR(5.50%) 1 month USD-748,073 - 12/01/2039LIBOR(5.50%) 1 month USD-1,942,904 - 12/01/2039LIBOR(5.50%) 1 month USD-748,073 - 12/01/2039LIBOR5.00% (1 month USD-613,086 - 12/01/2041LIBOR)(6.50%) 1 month USD-1,560,275 - 12/01/2038LIBOR(5.50%) 1 month USD-1,493,567 - 12/01/2039LIBOR(5.00%) 1 month USD-693,522 - 12/01/2041LIBOR(6.50%) 1 month USD-1,330,764 - 12/01/2038LIBOR(6.50%) 1 month USD-1,500,616 - 12/01/2038LIBORCitibank, N.A.Credit Suisse InternationalGoldman Sachs International895,595 - 12/01/20415.00% (1 month USD-LIBOR)5.00% (1 month USD-973,089 - 12/01/2041LIBOR)4.00% (1 month USD-352,878 - 12/01/2041LIBOR)6,020,993 - 12/01/20414.50% (1 month USD-LIBOR)4.50% (1 month USD-707,627 - 12/01/2041LIBOR)(4.00%) 1 month USD-511,962 - 12/01/2041LIBOR(4.00%) 1 month USD-1,484,786 - 12/01/2041LIBOR(5.00%) 1 month548,834 - 12/01/2041 USD-LIBOR4.00% (1 month USD-752,516 - 12/01/2041LIBOR)1,620,714 - 12/01/20386.50% (1 month USD-LIBOR)6.50% (1 month USD-1,250,179 - 12/01/2038LIBOR)6.00% (1 month USD-4,173,916 - 12/01/2039LIBOR)Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBP% ofFundSynthetic MBX Index 5.00%30 year Fannie Mae pools GBP 107 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 347 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 252 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (7,202) (0.01)Synthetic MBX Index 6.00%30 year Fannie Mae pools (8,017) (0.01)Synthetic MBX Index 5.50%30 year Fannie Mae pools (2,612) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (1,306) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (1,306) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (2,621) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (6,807) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (2,621) -Synthetic MBX Index 5.00%30 year Ginnie Mae II pools 719 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (2,287) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (5,233) -Synthetic TRS Index 5.00%30 year Fannie Mae pools (4,511) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (1,951) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (2,200) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 1,050 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 1,141 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 783 -Synthetic MBX Index 4.50%30 year Ginnie Mae II pools 983 -Synthetic TRS Index 4.50%30 year Fannie Mae pools 3,621 -Synthetic TRS Index 4.00%30 year Fannie Mae pools (1,136) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (3,295) -Synthetic TRS Index 5.00%30 year Fannie Mae pools (3,570) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 1,670 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 6,437 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 4,965 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 20,239 0.02The accompanying notes form an integral part of these financial statements.Putnam World Trust 39

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.UpfrontPremiumReceived/(paid)Fixed PaymentsReceived (paid) byFund per annumSwapCounterpartyNotionalAmountTerminationDateGoldman Sachs International cont.6.50% (1 month USD-USD 1,570,404 - 12/01/2038LIBOR)5.00% (1 month USD-4,145,930 - 12/01/2041LIBOR)4.00% (1 month USD-822,817 - 12/01/2042LIBOR)4.00% (1 month USD-822,817 - 12/01/2042LIBOR)4.00% (1 month USD-305,152 - 12/01/2041LIBOR)(6.50%) 1 month USD-2,319,821 - 12/01/2038LIBOR(6.50%) 1 month USD-871,519 - 12/01/2038LIBOR4.00% (1 month USD-3,165,016 - 12/01/2040LIBOR)6.00% (1 month USD-49,538 - 12/01/2039LIBOR)6.00% (1 month USD-1,660,051 - 12/01/2039LIBOR)(6.50%) 1 month USD-3,177,872 - 12/01/2038LIBOR(6.50%) 1 month USD-117,872 - 12/01/2038LIBOR(6.50%) 1 month USD-314,214 - 12/01/2038LIBOR6.50% (1 month USD-540,052 - 12/01/2038LIBOR)4.00% (1 month USD-1,151,673 - 12/01/2041LIBOR)4.00% (1 month USD-1,711,360 - 12/01/2041LIBOR)6.50% (1 month USD-1,776,207 - 12/01/2038LIBOR)4.00% (1 month USD-1,230,342 - 12/01/2042LIBOR)6.00% (1 month USD-2,996,776 - 12/01/2039LIBOR)4,107,000 - 09/08/2018 2.2575%4,107,000 - 15/08/2018 2.225%(4.50%) 1 month USD-1,081,811 - 12/01/2041LIBORTotal ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBP% ofFundSynthetic TRS Index 6.50%30 year Fannie Mae pools GBP 6,237 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 4,861 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 1,515 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 1,515 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 677 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (3,400) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (1,277)Synthetic TRS Index 4.00%30 year Fannie Mae pools 7,923 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 240 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 8,050 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (4,658) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (173) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (461) -Synthetic TRS Index 6.50%30 year Fannie Mae pools 2,145 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 2,556 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 3,798 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 7,054 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 2,266 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 14,531 0.01USA Non Revised ConsumerPrice Index- Urban (CPI-U) 27,921 0.02USA Non Revised ConsumerPrice Index- Urban (CPI-U) 23,954 0.02Synthetic TRS Index 4.50%30 year Fannie Mae pools (5,536) -JPMorgan Chase Bank N.A.810,847 - 12/01/20414.00% (1 month USD-LIBOR)Synthetic TRS Index 4.00%30 year Fannie Mae pools 1,800 -583,638 - 12/01/20414.50% (1 month USD-LIBOR)Synthetic TRS Index 4.50%30 year Fannie Mae pools 2,986 -279,120 - 12/01/2041(4.00%) 1 month USD-LIBORSynthetic TRS Index 4.00%30 year Fannie Mae pools (619) -Unrealised Appreciation on OTC Total Return Contracts Outstanding GBP 231,550 0.09Unrealised Depreciation on OTC Total Return Contracts Outstanding GBP (109,445) (0.04)Net Unrealised Appreciation on OTC Total Return Contracts Outstanding GBP 122,105 0.05FUTURES CONTRACTS (-%)Number ofContractsLong/(Short)The accompanying notes form an integral part of these financial statements.40 Putnam World TrustUnrealisedAppreciation/(Depreciation)GBPCounterparty1,292 Euro-Yen 3 Month Mar14 Merrill Lynch, Pierce, Fenner & Smith Incorporated GBP (14,361) (0.01)(9) Japanese Government Bond 10 yr Mar14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 42,812 0.02(6) Japanese Government Bond 10 yr Mini Mar14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 2,842 -% ofFund

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FUTURES CONTRACTS cont.Number ofContractsLong/(Short)UnrealisedAppreciation/(Depreciation)GBPCounterparty4 U.S. Treasury Bond 30 yr Mar14 Merrill Lynch, Pierce, Fenner & Smith Incorporated GBP (5,175) -(140) U.S. Treasury Note 5 yr Mar14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 129,297 0.0578 U.S. Treasury Note 10 yr Mar14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (105,222) (0.04)Unrealised Appreciation on Futures Contracts GBP 174,951 0.07Unrealised Depreciation on Futures Contracts GBP (124,758) (0.05)Net Unrealised Appreciation on Futures Contracts GBP 50,193 0.02Variation Margin Settlement to Date GBP (49,770) (0.02)Cumulative Unrealised less Variation Margin Settlement to Date GBP 423 -% ofFundFORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (1.18%)ContracttypeThe accompanying notes form an integral part of these financial statements.DeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyBank of America, N.A.Brazilian Real Buy 03/01/2014 283,506 315,381 GBP (31,875) (0.02)Brazilian Real Buy 03/01/2014 90,944 99,539 (8,595) -Brazilian Real Sell 03/01/2014 301,577 312,545 10,968 -Brazilian Real Sell 03/01/2014 72,873 75,289 2,416 -Chilean Peso Buy 16/01/2014 435,380 471,617 (36,237) (0.02)Chilean Peso Buy 16/01/2014 290,253 312,024 (21,771) (0.01)Chilean Peso Buy 16/01/2014 44,887 46,879 (1,992) -Chilean Peso Sell 16/01/2014 302,794 314,589 11,795 -Chilean Peso Sell 16/01/2014 455,857 472,604 16,747 0.01Chilean Peso Sell 16/01/2014 11,869 12,358 489 -Singapore Dollar Buy 19/02/2014 305,884 319,096 (13,212) (0.01)Singapore Dollar Buy 19/02/2014 1,867 1,922 (55) -Singapore Dollar Sell 19/02/2014 445,183 466,763 21,580 0.01US Dollar Buy 19/03/2014 2,274 2,300 (26) -US Dollar Buy 03/01/2014 303,448 312,545 (9,097) -US Dollar Buy 03/01/2014 73,709 75,289 (1,580) -US Dollar Buy 16/01/2014 305,544 314,589 (9,045) -US Dollar Buy 16/01/2014 457,017 472,604 (15,587) (0.01)US Dollar Buy 16/01/2014 11,935 12,358 (423) -US Dollar Buy 19/02/2014 452,097 466,763 (14,666) (0.01)US Dollar Sell 03/01/2014 301,289 315,381 14,092 0.01US Dollar Sell 03/01/2014 96,779 99,539 2,760 -US Dollar Sell 16/01/2014 452,122 471,617 19,495 0.01US Dollar Sell 16/01/2014 303,420 312,024 8,604 -US Dollar Sell 16/01/2014 45,186 46,879 1,693 -US Dollar Sell 19/02/2014 309,894 319,096 9,202 -US Dollar Sell 19/02/2014 1,878 1,922 44 -Barclays Bank PLCAustralian Dollar Buy 16/01/2014 284,591 315,869 (31,278) (0.02)Australian Dollar Buy 16/01/2014 304,365 314,579 (10,214) -Australian Dollar Sell 16/01/2014 780,606 834,968 54,362 0.03Australian Dollar Sell 16/01/2014 2,640 2,877 237 -Australian Dollar Sell 16/01/2014 297,199 321,098 23,899 0.01Australian Dollar Sell 16/01/2014 302,372 307,917 5,545 -Australian Dollar Sell 16/01/2014 309,322 315,019 5,697 -Brazilian Real Buy 03/01/2014 168,731 185,160 (16,429) (0.01)Brazilian Real Buy 03/01/2014 74,511 82,774 (8,263) -Brazilian Real Buy 03/01/2014 283,531 315,409 (31,878) (0.02)Brazilian Real Buy 03/01/2014 425,284 471,164 (45,880) (0.03)Brazilian Real Buy 03/01/2014 71,440 71,552 (112) -Brazilian Real Sell 03/01/2014 150,481 160,750 10,269 -Brazilian Real Sell 03/01/2014 285,733 301,647 15,914 0.01Brazilian Real Sell 03/01/2014 285,707 302,129 16,422 0.01Brazilian Real Sell 03/01/2014 301,577 313,079 11,502 -Brazilian Real Sell 02/04/2014 69,964 70,351 387 -Canadian Dollar Buy 16/01/2014 304,585 319,434 (14,849) (0.01)% ofFundPutnam World Trust 41

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.CounterpartyCurrencyContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.42 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPBarclays Bank PLC cont.Canadian Dollar Buy 16/01/2014 305,949 320,161 GBP (14,212) (0.01)Canadian Dollar Buy 16/01/2014 307,711 317,693 (9,982) -Canadian Dollar Sell 16/01/2014 69,567 72,990 3,423 -Canadian Dollar Sell 16/01/2014 304,187 316,056 11,869 -Canadian Dollar Sell 16/01/2014 305,835 322,288 16,453 0.01Canadian Dollar Sell 16/01/2014 238,655 244,386 5,731 -Canadian Dollar Sell 16/01/2014 310,553 312,564 2,011 -Canadian Dollar Sell 16/01/2014 310,723 314,879 4,156 -Euro Buy 19/03/2014 143,130 142,997 133 -Euro Buy 19/03/2014 311,362 310,648 714 -Euro Sell 19/03/2014 310,115 314,242 4,127 -Japanese Yen Buy 19/02/2014 298,814 317,655 (18,841) (0.01)Japanese Yen Sell 19/02/2014 294,529 318,757 24,228 0.01Japanese Yen Sell 19/02/2014 304,464 316,322 11,858 -Mexican Peso Buy 16/01/2014 312,520 317,957 (5,437) -Mexican Peso Sell 16/01/2014 303,047 312,326 9,279 -Norwegian Krone Buy 19/03/2014 14,622 14,706 (84) -Polish Zloty Buy 19/03/2014 160,051 158,626 1,425 -Singapore Dollar Buy 19/02/2014 610,044 637,572 (27,528) (0.02)Singapore Dollar Buy 19/02/2014 305,692 315,657 (9,965) -Singapore Dollar Sell 19/02/2014 913,869 958,137 44,268 0.03Singapore Dollar Sell 19/02/2014 1,867 1,918 51 -Swiss Franc Sell 19/03/2014 1,022,792 1,017,072 (5,720) -Turkish Lira Buy 19/03/2014 168,279 181,652 (13,373) (0.01)US Dollar Buy 19/03/2014 1,240,566 1,256,400 (15,834) (0.01)US Dollar Buy 19/03/2014 308,465 312,800 (4,335) -US Dollar Buy 19/03/2014 7,931 8,000 (69) -US Dollar Buy 03/01/2014 157,299 160,750 (3,451) -US Dollar Buy 03/01/2014 291,018 301,647 (10,629) -US Dollar Buy 03/01/2014 291,483 302,129 (10,646) -US Dollar Buy 03/01/2014 303,967 313,079 (9,112) -US Dollar Buy 16/01/2014 816,357 834,968 (18,611) (0.01)US Dollar Buy 16/01/2014 71,363 72,990 (1,627) -US Dollar Buy 16/01/2014 305,637 312,326 (6,689) -US Dollar Buy 16/01/2014 308,849 316,056 (7,207) -US Dollar Buy 16/01/2014 2,786 2,877 (91) -US Dollar Buy 16/01/2014 309,606 322,288 (12,682) -US Dollar Buy 16/01/2014 308,462 321,098 (12,636) -US Dollar Buy 16/01/2014 239,279 244,386 (5,107) -US Dollar Buy 16/01/2014 304,717 307,917 (3,200) -US Dollar Buy 16/01/2014 309,269 312,564 (3,295) -US Dollar Buy 16/01/2014 310,903 314,879 (3,976) -US Dollar Buy 16/01/2014 310,052 315,019 (4,967) -US Dollar Buy 19/02/2014 928,031 958,137 (30,106) (0.02)US Dollar Buy 19/02/2014 310,522 318,757 (8,235) -US Dollar Buy 19/02/2014 1,878 1,918 (40) -US Dollar Buy 19/02/2014 310,720 316,322 (5,602) -US Dollar Buy 19/03/2014 1,006,952 1,017,072 (10,120) -US Dollar Buy 19/03/2014 309,577 314,242 (4,665) -US Dollar Buy 02/04/2014 69,475 70,351 (876) -US Dollar Sell 03/01/2014 176,673 185,160 8,487 -US Dollar Sell 03/01/2014 79,339 82,774 3,435 -US Dollar Sell 03/01/2014 301,248 315,409 14,161 0.01US Dollar Sell 03/01/2014 453,103 471,164 18,061 0.01US Dollar Sell 03/01/2014 70,915 71,552 637 -US Dollar Sell 16/01/2014 305,470 315,869 10,399 -US Dollar Sell 16/01/2014 308,083 317,957 9,874 -US Dollar Sell 16/01/2014 308,590 319,434 10,844 -US Dollar Sell 16/01/2014 310,341 320,161 9,820 -% ofFund

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.CounterpartyCurrencyContracttypeThe accompanying notes form an integral part of these financial statements.DeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPBarclays Bank PLC con.tUS Dollar Sell 16/01/2014 309,822 317,693 GBP 7,871 -US Dollar Sell 16/01/2014 309,425 314,579 5,154 -US Dollar Sell 19/02/2014 618,194 637,572 19,378 0.01US Dollar Sell 19/02/2014 308,495 315,657 7,162 -US Dollar Sell 19/02/2014 310,451 317,655 7,204 -US Dollar Sell 19/03/2014 140,936 142,997 2,061 -US Dollar Sell 19/03/2014 14,533 14,706 173 -US Dollar Sell 19/03/2014 155,777 158,626 2,849 -US Dollar Sell 19/03/2014 175,416 181,652 6,236 -US Dollar Sell 19/03/2014 308,739 310,648 1,909 -US Dollar Sell 19/03/2014 20,660,791 20,924,500 263,709 0.11US Dollar Sell 19/03/2014 229,428 232,700 3,272 -US Dollar Sell 19/03/2014 8,679 8,800 121 -US Dollar Sell 19/03/2014 309,439 315,400 5,961 -US Dollar Sell 19/03/2014 310,512 313,700 3,188 -Citibank, N.A.Australian Dollar Buy 16/01/2014 15,356 16,915 (1,559) -Australian Dollar Sell 16/01/2014 15,356 16,774 1,418 -Brazilian Real Buy 03/01/2014 269,351 299,220 (29,869) (0.02)Brazilian Real Buy 03/01/2014 425,284 471,164 (45,880) (0.03)Brazilian Real Buy 03/01/2014 160,797 168,874 (8,077) -Brazilian Real Buy 03/01/2014 37,115 37,173 (58) -Brazilian Real Sell 03/01/2014 285,707 301,842 16,135 0.01Brazilian Real Sell 03/01/2014 301,628 312,079 10,451 -Brazilian Real Sell 03/01/2014 305,211 317,910 12,699 -Brazilian Real Sell 02/04/2014 36,348 36,567 219 -Canadian Dollar Buy 16/01/2014 89,517 92,265 (2,748) -Canadian Dollar Sell 16/01/2014 303,903 315,310 11,407 -Euro Buy 19/03/2014 310,614 316,327 (5,713) -Japanese Yen Buy 19/02/2014 288,499 318,945 (30,446) (0.02)Japanese Yen Sell 19/02/2014 303,666 314,965 11,299 -New Zealand Dollar Buy 16/01/2014 27,397 28,035 (638) -New Zealand Dollar Buy 16/01/2014 279,327 284,628 (5,301) -New Zealand Dollar Sell 16/01/2014 306,723 309,860 3,137 -Swiss Franc Sell 19/03/2014 594,686 591,399 (3,287) -Taiwan Dollar Buy 19/02/2014 382,763 400,368 (17,605) (0.01)Taiwan Dollar Buy 19/02/2014 192,343 196,052 (3,709) -Taiwan Dollar Sell 19/02/2014 549,552 580,582 31,030 0.02Taiwan Dollar Sell 19/02/2014 25,554 26,163 609 -US Dollar Buy 19/03/2014 436,731 442,100 (5,369) -US Dollar Buy 03/01/2014 291,206 301,842 (10,636) -US Dollar Buy 03/01/2014 302,996 312,079 (9,083) -US Dollar Buy 03/01/2014 305,373 317,910 (12,537) -US Dollar Buy 16/01/2014 308,558 315,310 (6,752) -US Dollar Buy 16/01/2014 16,253 16,774 (521) -US Dollar Buy 16/01/2014 302,654 309,860 (7,206) -US Dollar Buy 19/02/2014 558,393 580,582 (22,189) (0.01)US Dollar Buy 19/02/2014 25,820 26,163 (343) -US Dollar Buy 19/02/2014 309,387 314,965 (5,578) -US Dollar Buy 19/03/2014 585,515 591,399 (5,884) -US Dollar Buy 02/04/2014 36,112 36,567 (455) -US Dollar Sell 03/01/2014 287,541 299,220 11,679 -US Dollar Sell 03/01/2014 453,349 471,164 17,815 0.01US Dollar Sell 03/01/2014 162,801 168,874 6,073 -US Dollar Sell 03/01/2014 36,861 37,173 312 -US Dollar Sell 16/01/2014 16,387 16,915 528 -US Dollar Sell 16/01/2014 27,224 28,035 811 -US Dollar Sell 16/01/2014 89,753 92,265 2,512 -US Dollar Sell 16/01/2014 275,556 284,628 9,072 -% ofFundPutnam World Trust 43

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.CounterpartyCitibank, N.A. cont.Credit Suisse AGCurrencyContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.44 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPUS Dollar Sell 19/02/2014 308,911 318,945 GBP 10,034 -US Dollar Sell 19/02/2014 387,730 400,368 12,638 -US Dollar Sell 19/02/2014 194,607 196,052 1,445 -US Dollar Sell 19/03/2014 310,734 316,327 5,593 -US Dollar Sell 19/03/2014 16,387,528 16,589,000 201,472 0.09Canadian Dollar Buy 16/01/2014 301,970 322,484 (20,514) (0.01)Canadian Dollar Buy 16/01/2014 309,075 315,011 (5,936) -Canadian Dollar Sell 16/01/2014 300,095 319,193 19,098 0.01Canadian Dollar Sell 16/01/2014 299,924 316,295 16,371 0.01Canadian Dollar Sell 16/01/2014 310,723 314,871 4,148 -Euro Buy 19/03/2014 309,617 313,546 (3,929) -Euro Buy 19/03/2014 311,196 315,645 (4,449) -Euro Sell 19/03/2014 27,678 27,624 (54) -Euro Sell 19/03/2014 312,775 314,226 1,451 -Euro Sell 19/03/2014 310,780 315,784 5,004 -Indian Rupee Buy 19/02/2014 184,739 187,809 (3,070) -Japanese Yen Buy 19/02/2014 294,470 312,609 (18,139) (0.01)Japanese Yen Buy 19/02/2014 303,681 315,134 (11,453) -Japanese Yen Sell 19/02/2014 294,470 318,689 24,219 0.01Japanese Yen Sell 19/02/2014 152,055 155,274 3,219 -Mexican Peso Buy 16/01/2014 343,321 350,632 (7,311) -Mexican Peso Buy 16/01/2014 234,389 240,387 (5,998) -Mexican Peso Buy 16/01/2014 154,238 157,670 (3,432) -Mexican Peso Sell 16/01/2014 454,569 464,448 9,879 -New Zealand Dollar Buy 16/01/2014 299,378 315,982 (16,604) (0.01)New Zealand Dollar Buy 16/01/2014 211,133 215,140 (4,007) -New Zealand Dollar Sell 16/01/2014 203,738 209,807 6,069 -New Zealand Dollar Sell 16/01/2014 306,773 309,839 3,066 -Norwegian Krone Buy 19/03/2014 306,933 308,682 (1,749) -Norwegian Krone Sell 19/03/2014 315,426 313,545 (1,881) -Singapore Dollar Buy 19/02/2014 305,884 319,096 (13,212) (0.01)Singapore Dollar Buy 19/02/2014 305,548 315,509 (9,961) -Singapore Dollar Sell 19/02/2014 761,597 798,641 37,044 0.02South Korean Won Buy 19/02/2014 677,469 698,062 (20,593) (0.01)South Korean Won Sell 19/02/2014 233,656 236,879 3,223 -South Korean Won Sell 19/02/2014 371,241 373,205 1,964 -Swedish Krona Sell 19/03/2014 3,546 3,536 (10) -Swedish Krona Sell 19/03/2014 315,661 311,123 (4,538) -Swiss Franc Sell 19/03/2014 319,402 317,602 (1,800) -US Dollar Buy 19/03/2014 442,368 447,800 (5,432) -US Dollar Buy 16/01/2014 308,801 319,193 (10,392) -US Dollar Buy 16/01/2014 308,796 316,295 (7,499) -US Dollar Buy 16/01/2014 455,330 464,448 (9,118) -US Dollar Buy 16/01/2014 203,718 209,807 (6,089) -US Dollar Buy 16/01/2014 302,634 309,839 (7,205) -US Dollar Buy 16/01/2014 310,896 314,871 (3,975) -US Dollar Buy 19/02/2014 773,546 798,641 (25,095) (0.01)US Dollar Buy 19/02/2014 229,121 236,879 (7,758) -US Dollar Buy 19/02/2014 310,456 318,689 (8,233) -US Dollar Buy 19/02/2014 368,681 373,205 (4,524) -US Dollar Buy 19/02/2014 153,763 155,274 (1,511) -US Dollar Buy 19/03/2014 27,349 27,624 (275) -US Dollar Buy 19/03/2014 3,494 3,536 (42) -US Dollar Buy 19/03/2014 314,441 317,602 (3,161) -US Dollar Buy 19/03/2014 310,378 313,545 (3,167) -US Dollar Buy 19/03/2014 307,867 311,123 (3,256) -US Dollar Buy 19/03/2014 310,795 314,226 (3,431) -US Dollar Buy 19/03/2014 313,415 315,784 (2,369) -% ofFund

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeThe accompanying notes form an integral part of these financial statements.DeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyCredit Suisse AG cont .US Dollar Sell 16/01/2014 339,700 350,632 GBP 10,932 -US Dollar Sell 16/01/2014 311,302 322,484 11,182 -US Dollar Sell 16/01/2014 308,715 315,982 7,267 -US Dollar Sell 16/01/2014 230,552 240,387 9,835 -US Dollar Sell 16/01/2014 208,269 215,140 6,871 -US Dollar Sell 16/01/2014 309,467 315,011 5,544 -US Dollar Sell 16/01/2014 155,078 157,670 2,592 -US Dollar Sell 19/02/2014 670,408 698,062 27,654 0.02US Dollar Sell 19/02/2014 309,825 319,096 9,271 -US Dollar Sell 19/02/2014 308,343 315,509 7,166 -US Dollar Sell 19/02/2014 303,831 312,609 8,778 -US Dollar Sell 19/02/2014 184,523 187,809 3,286 -US Dollar Sell 19/02/2014 311,823 315,134 3,311 -US Dollar Sell 19/03/2014 305,067 308,682 3,615 -US Dollar Sell 19/03/2014 309,525 313,546 4,021 -US Dollar Sell 19/03/2014 311,103 315,645 4,542 -US Dollar Sell 19/03/2014 10,170,118 10,295,000 124,882 0.06US Dollar Sell 19/03/2014 313,282 313,300 18 -Deutsche Bank AGAustralian Dollar Buy 16/01/2014 290,249 322,707 (32,458) (0.02)Australian Dollar Buy 16/01/2014 3,287 3,570 (283) -Australian Dollar Buy 16/01/2014 4,256 4,585 (329) -Australian Dollar Buy 16/01/2014 295,152 318,594 (23,442) (0.01)Australian Dollar Sell 16/01/2014 10,991 11,755 764 -Australian Dollar Sell 16/01/2014 292,242 317,033 24,791 0.01Australian Dollar Sell 16/01/2014 292,512 315,157 22,645 0.01Australian Dollar Sell 16/01/2014 309,107 312,149 3,042 -Canadian Dollar Buy 16/01/2014 299,868 317,037 (17,169) (0.01)Canadian Dollar Buy 16/01/2014 304,642 318,709 (14,067) (0.01)Canadian Dollar Sell 16/01/2014 299,868 313,363 13,495 0.01Canadian Dollar Sell 16/01/2014 3,012 3,099 87 -Canadian Dollar Sell 16/01/2014 301,629 308,870 7,241 -Canadian Dollar Sell 16/01/2014 310,780 313,163 2,383 -Euro Buy 19/03/2014 12,883 12,871 12 -Euro Buy 19/03/2014 312,360 314,416 (2,056) -Euro Sell 19/03/2014 313,025 314,970 1,945 -Japanese Yen Buy 19/02/2014 291,521 322,429 (30,908) (0.02)Japanese Yen Sell 19/02/2014 152,055 155,212 3,157 -Polish Zloty Buy 19/03/2014 157,124 155,726 1,398 -Swiss Franc Sell 19/03/2014 638,466 634,993 (3,473) -Swiss Franc Sell 19/03/2014 311,337 315,344 4,007 -US Dollar Buy 19/03/2014 704,864 713,800 (8,936) -US Dollar Buy 16/01/2014 11,493 11,755 (262) -US Dollar Buy 16/01/2014 306,711 317,033 (10,322) -US Dollar Buy 16/01/2014 307,211 313,363 (6,152) -US Dollar Buy 16/01/2014 306,010 315,157 (9,147) -US Dollar Buy 16/01/2014 3,034 3,099 (65) -US Dollar Buy 16/01/2014 302,415 308,870 (6,455) -US Dollar Buy 16/01/2014 309,861 313,163 (3,302) -US Dollar Buy 16/01/2014 307,378 312,149 (4,771) -US Dollar Buy 19/02/2014 153,701 155,212 (1,511) -US Dollar Buy 19/03/2014 628,675 634,993 (6,318) -US Dollar Buy 19/03/2014 311,273 315,344 (4,071) -US Dollar Buy 19/03/2014 311,531 314,970 (3,439) -US Dollar Sell 16/01/2014 311,627 322,707 11,080 -US Dollar Sell 16/01/2014 308,894 317,037 8,143 -US Dollar Sell 16/01/2014 308,215 318,709 10,494 -US Dollar Sell 16/01/2014 3,409 3,570 161 -US Dollar Sell 16/01/2014 4,451 4,585 134 -% ofFundPutnam World Trust 45

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.46 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyDeutsche Bank AG cont.US Dollar Sell 16/01/2014 309,712 318,594 GBP 8,882 -US Dollar Sell 19/02/2014 309,999 322,429 12,430 -US Dollar Sell 19/03/2014 12,678 12,871 193 -US Dollar Sell 19/03/2014 152,921 155,726 2,805 -US Dollar Sell 19/03/2014 310,953 314,416 3,463 -US Dollar Sell 19/03/2014 61,675,146 62,457,000 781,854 0.31Goldman Sachs InternationalAustralian Dollar Buy 16/01/2014 107,059 117,127 (10,068) -Australian Dollar Sell 16/01/2014 121,390 130,811 9,421 -Canadian Dollar Buy 16/01/2014 299,924 317,219 (17,295) (0.01)Canadian Dollar Sell 16/01/2014 306,290 321,941 15,651 0.01Canadian Dollar Sell 16/01/2014 310,610 313,313 2,703 -Chilean Peso Buy 16/01/2014 435,380 471,617 (36,237) (0.02)Chilean Peso Buy 16/01/2014 290,253 312,025 (21,772) (0.01)Chilean Peso Buy 16/01/2014 77,905 81,992 (4,087) -Chilean Peso Sell 16/01/2014 302,794 314,498 11,704 -Chilean Peso Sell 16/01/2014 455,857 470,499 14,642 0.01Chilean Peso Sell 16/01/2014 44,887 46,624 1,737 -Euro Buy 19/03/2014 313,773 313,480 293 -Japanese Yen Sell 19/02/2014 301,727 315,579 13,852 0.01US Dollar Buy 19/03/2014 383,702 388,400 (4,698) -US Dollar Buy 19/03/2014 309,108 313,700 (4,592) -US Dollar Buy 16/01/2014 314,765 321,941 (7,176) -US Dollar Buy 16/01/2014 305,456 314,498 (9,042) -US Dollar Buy 16/01/2014 456,844 470,499 (13,655) (0.01)US Dollar Buy 16/01/2014 45,130 46,624 (1,494) -US Dollar Buy 16/01/2014 126,896 130,811 (3,915) -US Dollar Buy 16/01/2014 309,442 313,313 (3,871) -US Dollar Buy 19/02/2014 312,326 315,579 (3,253) -US Dollar Sell 16/01/2014 309,258 317,219 7,961 -US Dollar Sell 16/01/2014 452,077 471,617 19,540 0.01US Dollar Sell 16/01/2014 303,571 312,025 8,454 -US Dollar Sell 16/01/2014 112,707 117,127 4,420 -US Dollar Sell 16/01/2014 79,189 81,992 2,803 -US Dollar Sell 19/03/2014 309,058 313,480 4,422 -US Dollar Sell 19/03/2014 6,256,795 6,333,400 76,605 0.04US Dollar Sell 19/03/2014 24,728 24,900 172 -US Dollar Sell 19/03/2014 1,880 1,900 20 -US Dollar Sell 19/03/2014 310,645 314,500 3,855 -HSBC Bank USA, National AssociationAustralian Dollar Buy 16/01/2014 4,841,071 5,177,654 (336,583) (0.14)Canadian Dollar Buy 16/01/2014 304,642 318,709 (14,067) (0.01)Canadian Dollar Sell 16/01/2014 406,776 427,553 20,777 0.01Canadian Dollar Sell 16/01/2014 310,837 313,219 2,382 -Euro Buy 19/03/2014 309,617 313,546 (3,929) -Euro Sell 19/03/2014 312,941 314,886 1,945 -Taiwan Dollar Buy 19/02/2014 382,763 400,368 (17,605) (0.01)Taiwan Dollar Buy 19/02/2014 192,343 196,052 (3,709) -Taiwan Dollar Sell 19/02/2014 549,552 580,344 30,792 0.02Taiwan Dollar Sell 19/02/2014 25,554 26,136 582 -US Dollar Buy 16/01/2014 418,023 427,553 (9,530) -US Dollar Buy 16/01/2014 309,917 313,219 (3,302) -US Dollar Buy 19/02/2014 558,165 580,344 (22,179) (0.01)US Dollar Buy 19/02/2014 25,794 26,136 (342) -US Dollar Buy 19/03/2014 311,448 314,886 (3,438) -US Dollar Sell 16/01/2014 5,062,247 5,177,654 115,407 0.05US Dollar Sell 16/01/2014 308,230 318,709 10,479 -US Dollar Sell 19/02/2014 387,467 400,368 12,901 0.01US Dollar Sell 19/02/2014 194,739 196,052 1,313 -% ofFund

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.ValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyHSBC Bank USA, National Association cont.US Dollar Sell 19/03/2014 309,518 313,546 GBP 4,028 -US Dollar Sell 19/03/2014 55,902,585 56,612,300 709,715 0.29US Dollar Sell 19/03/2014 7,533,755 7,629,400 95,645 0.05US Dollar Sell 19/03/2014 32,332 32,300 (32) -JPMorgan Chase Bank, N.AAustralian Dollar Buy 16/01/2014 292,188 321,319 (29,131) (0.02)Australian Dollar Buy 16/01/2014 190,356 208,679 (18,323) (0.01)Australian Dollar Sell 16/01/2014 222,468 237,970 15,502 0.01Australian Dollar Sell 16/01/2014 292,242 317,023 24,781 0.01Australian Dollar Sell 16/01/2014 290,949 319,472 28,523 0.02Australian Dollar Sell 16/01/2014 310,023 314,536 4,513 -Brazilian Real Buy 03/01/2014 170,472 191,089 (20,617) (0.01)Brazilian Real Buy 03/01/2014 269,351 299,220 (29,869) (0.02)Brazilian Real Buy 03/01/2014 212,655 234,544 (21,889) (0.01)Brazilian Real Buy 03/01/2014 120,943 131,742 (10,799) -Brazilian Real Buy 03/01/2014 117,564 123,470 (5,906) -Brazilian Real Sell 03/01/2014 285,707 302,116 16,409 0.01Brazilian Real Sell 03/01/2014 299,939 313,353 13,414 0.01Brazilian Real Sell 03/01/2014 305,339 318,489 13,150 0.01Canadian Dollar Buy 16/01/2014 303,391 312,705 (9,314) -Canadian Dollar Buy 16/01/2014 311,292 313,384 (2,092) -Canadian Dollar Sell 16/01/2014 303,391 319,257 15,866 0.01Canadian Dollar Sell 16/01/2014 309,757 312,597 2,840 -Canadian Dollar Sell 16/01/2014 310,723 311,051 328 -Euro Buy 19/03/2014 852,630 851,835 795 -Euro Buy 19/03/2014 313,939 313,219 720 -Euro Buy 19/03/2014 312,360 314,416 (2,056) -Euro Sell 19/03/2014 310,032 314,162 4,130 -Japanese Yen Sell 19/02/2014 2,451,505 2,709,472 257,967 0.11Mexican Peso Buy 16/01/2014 312,520 317,957 (5,437) -Mexican Peso Buy 16/01/2014 154,234 157,666 (3,432) -Mexican Peso Sell 16/01/2014 303,047 310,476 7,429 -New Zealand Dollar Buy 16/01/2014 299,328 315,929 (16,601) (0.01)New Zealand Dollar Sell 16/01/2014 203,787 209,679 5,892 -New Zealand Dollar Sell 16/01/2014 95,541 96,240 699 -Norwegian Krone Buy 19/03/2014 3,626 3,646 (20) -Singapore Dollar Buy 19/02/2014 306,171 320,278 (14,107) (0.01)Singapore Dollar Sell 19/02/2014 761,597 798,737 37,140 0.02South Korean Won Buy 19/02/2014 961,377 990,601 (29,224) (0.02)South Korean Won Sell 19/02/2014 310,702 315,136 4,434 -South Korean Won Sell 19/02/2014 233,656 236,880 3,224 -Swiss Franc Sell 19/03/2014 271 270 (1) -Swiss Franc Sell 19/03/2014 311,337 315,351 4,014 -Taiwan Dollar Buy 19/02/2014 577,535 599,996 (22,461) (0.01)Taiwan Dollar Buy 19/02/2014 384,685 392,103 (7,418) -Taiwan Dollar Buy 19/02/2014 13,603 13,828 (225) -Taiwan Dollar Buy 19/02/2014 18,752 19,113 (361) -Taiwan Dollar Sell 19/02/2014 994,575 1,051,379 56,804 0.03US Dollar Buy 19/03/2014 835,124 845,400 (10,276) -US Dollar Buy 19/03/2014 310,768 315,800 (5,032) -US Dollar Buy 19/03/2014 348,852 354,200 (5,348) -US Dollar Buy 03/01/2014 291,470 302,116 (10,646) -US Dollar Buy 03/01/2014 304,318 313,353 (9,035) -US Dollar Buy 03/01/2014 305,929 318,489 (12,560) -US Dollar Buy 16/01/2014 232,666 237,970 (5,304) -US Dollar Buy 16/01/2014 306,701 317,023 (10,322) -US Dollar Buy 16/01/2014 303,827 310,476 (6,649) -US Dollar Buy 16/01/2014 308,034 319,257 (11,223) -US Dollar Buy 16/01/2014 308,242 319,472 (11,230) -% ofFundPutnam World Trust 47

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.48 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyJPMorgan Chase Bank, N.A cont.US Dollar Buy 16/01/2014 203,593 209,679 GBP (6,086) -US Dollar Buy 16/01/2014 94,229 96,240 (2,011) -US Dollar Buy 16/01/2014 309,187 312,597 (3,410) -US Dollar Buy 16/01/2014 310,565 314,536 (3,971) -US Dollar Buy 16/01/2014 307,518 311,051 (3,533) -US Dollar Buy 19/02/2014 2,624,335 2,709,472 (85,137) (0.04)US Dollar Buy 19/02/2014 773,639 798,737 (25,098) (0.01)US Dollar Buy 19/02/2014 1,011,198 1,051,379 (40,181) (0.03)US Dollar Buy 19/02/2014 306,062 315,136 (9,074) -US Dollar Buy 19/02/2014 229,121 236,880 (7,759) -US Dollar Buy 19/03/2014 267 270 (3) -US Dollar Buy 19/03/2014 311,280 315,351 (4,071) -US Dollar Buy 19/03/2014 309,498 314,162 (4,664) -US Dollar Sell 03/01/2014 182,762 191,089 8,327 -US Dollar Sell 03/01/2014 287,997 299,220 11,223 -US Dollar Sell 03/01/2014 224,980 234,544 9,564 -US Dollar Sell 03/01/2014 125,427 131,742 6,315 -US Dollar Sell 03/01/2014 119,066 123,470 4,404 -US Dollar Sell 16/01/2014 308,060 321,319 13,259 0.01US Dollar Sell 16/01/2014 308,651 315,929 7,278 -US Dollar Sell 16/01/2014 201,496 208,679 7,183 -US Dollar Sell 16/01/2014 307,658 317,957 10,299 -US Dollar Sell 16/01/2014 304,197 312,705 8,508 -US Dollar Sell 16/01/2014 155,139 157,666 2,527 -US Dollar Sell 16/01/2014 309,204 313,384 4,180 -US Dollar Sell 19/02/2014 950,114 990,601 40,487 0.03US Dollar Sell 19/02/2014 309,465 320,278 10,813 -US Dollar Sell 19/02/2014 582,946 599,996 17,050 0.01US Dollar Sell 19/02/2014 389,147 392,103 2,956 -US Dollar Sell 19/02/2014 13,726 13,828 102 -US Dollar Sell 19/02/2014 18,976 19,113 137 -US Dollar Sell 19/03/2014 839,631 851,835 12,204 -US Dollar Sell 19/03/2014 3,604 3,646 42 -US Dollar Sell 19/03/2014 311,675 313,219 1,544 -US Dollar Sell 19/03/2014 310,957 314,416 3,459 -US Dollar Sell 19/03/2014 14,038,748 14,211,500 172,752 0.08US Dollar Sell 19/03/2014 309,363 315,400 6,037 -US Dollar Sell 19/03/2014 211,350 215,100 3,750 -US Dollar Sell 19/03/2014 311,165 311,100 (65) -Royal Bank Of Scotland PLCAustralian Dollar Buy 16/01/2014 292,296 321,897 (29,601) (0.02)Australian Dollar Sell 16/01/2014 292,242 316,996 24,754 0.01Australian Dollar Sell 16/01/2014 286,962 316,598 29,636 0.02Brazilian Real Buy 03/01/2014 269,351 299,220 (29,869) (0.02)Brazilian Real Buy 03/01/2014 212,629 234,516 (21,887) (0.01)Brazilian Real Buy 03/01/2014 212,629 232,724 (20,095) (0.01)Brazilian Real Sell 03/01/2014 285,707 301,724 16,017 0.01Brazilian Real Sell 03/01/2014 301,577 312,639 11,062 -Brazilian Real Sell 03/01/2014 107,326 110,950 3,624 -Canadian Dollar Buy 16/01/2014 304,642 319,493 (14,851) (0.01)Canadian Dollar Sell 16/01/2014 299,868 316,251 16,383 0.01Canadian Dollar Sell 16/01/2014 4,774 4,889 115 -Canadian Dollar Sell 16/01/2014 310,837 313,162 2,325 -Euro Buy 19/03/2014 310,614 314,350 (3,736) -Japanese Yen Sell 19/02/2014 306,829 313,592 6,763 -Mexican Peso Buy 16/01/2014 234,389 240,387 (5,998) -Mexican Peso Buy 16/01/2014 68,659 70,213 (1,554) -Mexican Peso Buy 16/01/2014 185,081 189,200 (4,119) -Mexican Peso Sell 16/01/2014 303,047 312,338 9,291 -% ofFund

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyRoyal Bank Of Scotland PLC cont.US Dollar Buy 19/03/2014 315,855 319,800 GBP (3,945) -US Dollar Buy 03/01/2014 291,093 301,724 (10,631) -US Dollar Buy 03/01/2014 303,539 312,639 (9,100) -US Dollar Buy 03/01/2014 108,622 110,950 (2,328) -US Dollar Buy 16/01/2014 306,675 316,996 (10,321) -US Dollar Buy 16/01/2014 308,753 316,251 (7,498) -US Dollar Buy 16/01/2014 309,063 316,598 (7,535) -US Dollar Buy 16/01/2014 305,649 312,338 (6,689) -US Dollar Buy 16/01/2014 4,787 4,889 (102) -US Dollar Buy 16/01/2014 310,702 313,162 (2,460) -US Dollar Buy 19/02/2014 309,848 313,592 (3,744) -US Dollar Sell 03/01/2014 287,697 299,220 11,523 -US Dollar Sell 03/01/2014 224,802 234,516 9,714 -US Dollar Sell 03/01/2014 225,885 232,724 6,839 -US Dollar Sell 16/01/2014 308,763 321,897 13,134 0.01US Dollar Sell 16/01/2014 308,650 319,493 10,843 -US Dollar Sell 16/01/2014 230,552 240,387 9,835 -US Dollar Sell 16/01/2014 68,385 70,213 1,828 -US Dollar Sell 16/01/2014 186,153 189,200 3,047 -US Dollar Sell 19/03/2014 309,996 314,350 4,354 -US Dollar Sell 19/03/2014 8,355,431 8,459,800 104,369 0.05State Street Bank & Trust CompanyAustralian Dollar Sell 16/01/2014 1,578,830 1,688,727 109,897 0.05Brazilian Real Buy 03/01/2014 269,325 301,625 (32,300) (0.02)Brazilian Real Buy 03/01/2014 283,531 315,409 (31,878) (0.02)Brazilian Real Buy 03/01/2014 212,629 232,724 (20,095) (0.01)Brazilian Real Sell 03/01/2014 81,678 87,097 5,419 -Brazilian Real Sell 03/01/2014 285,707 301,620 15,913 0.01Brazilian Real Sell 03/01/2014 299,939 313,394 13,455 0.01Brazilian Real Sell 03/01/2014 98,162 101,460 3,298 -Canadian Dollar Sell 16/01/2014 310,723 310,966 243 -Euro Buy 19/03/2014 774,083 773,362 721 -Euro Buy 19/03/2014 310,863 315,704 (4,841) -Euro Sell 19/03/2014 309,201 311,957 2,756 -Euro Sell 19/03/2014 310,614 312,012 1,398 -Mexican Peso Buy 16/01/2014 234,389 240,387 (5,998) -Mexican Peso Sell 16/01/2014 68,659 69,831 1,172 -New Zealand Dollar Buy 16/01/2014 299,328 316,411 (17,083) (0.01)New Zealand Dollar Sell 16/01/2014 203,787 209,530 5,743 -New Zealand Dollar Sell 16/01/2014 95,541 96,240 699 -Norwegian Krone Buy 19/03/2014 177,923 178,937 (1,014) -Polish Zloty Buy 19/03/2014 260,879 258,557 2,322 -Singapore Dollar Buy 19/02/2014 610,092 637,622 (27,530) (0.02)Singapore Dollar Sell 19/02/2014 866,526 909,006 42,480 0.03South Korean Won Buy 19/02/2014 1,144,451 1,179,239 (34,788) (0.02)South Korean Won Sell 19/02/2014 621,405 629,950 8,545 -Swedish Krona Sell 19/03/2014 6,427 6,405 (22) -Swiss Franc Sell 19/03/2014 151,196 150,354 (842) -Taiwan Dollar Buy 19/02/2014 577,535 599,428 (21,893) (0.01)Taiwan Dollar Buy 19/02/2014 384,685 392,103 (7,418) -Taiwan Dollar Buy 19/02/2014 32,357 32,979 (622) -Taiwan Dollar Sell 19/02/2014 994,577 1,046,436 51,859 0.03US Dollar Buy 19/03/2014 3,404,106 3,446,100 (41,994) (0.03)US Dollar Buy 19/03/2014 373,888 378,500 (4,612) -US Dollar Buy 03/01/2014 85,227 87,097 (1,870) -US Dollar Buy 03/01/2014 290,992 301,620 (10,628) -US Dollar Buy 03/01/2014 304,357 313,394 (9,037) -% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 49

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.50 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyState Street Bank & Trust Company cont.US Dollar Buy 03/01/2014 99,331 101,460 GBP (2,129) -US Dollar Buy 16/01/2014 1,651,087 1,688,727 (37,640) (0.02)US Dollar Buy 16/01/2014 203,449 209,530 (6,081) -US Dollar Buy 16/01/2014 94,229 96,240 (2,011) -US Dollar Buy 16/01/2014 68,371 69,831 (1,460) -US Dollar Buy 16/01/2014 307,433 310,966 (3,533) -US Dollar Buy 19/02/2014 880,443 909,006 (28,563) (0.02)US Dollar Buy 19/02/2014 1,009,889 1,046,436 (36,547) (0.02)US Dollar Buy 19/02/2014 611,811 629,950 (18,139) (0.01)US Dollar Buy 19/03/2014 6,329 6,405 (76) -US Dollar Buy 19/03/2014 148,858 150,354 (1,496) -US Dollar Buy 19/03/2014 310,022 311,957 (1,935) -US Dollar Buy 19/03/2014 311,122 312,012 (890) -US Dollar Sell 03/01/2014 287,774 301,625 13,851 0.01US Dollar Sell 03/01/2014 301,234 315,409 14,175 0.01US Dollar Sell 03/01/2014 225,753 232,724 6,971 -US Dollar Sell 16/01/2014 306,411 316,411 10,000 -US Dollar Sell 16/01/2014 230,205 240,387 10,182 -US Dollar Sell 19/02/2014 1,132,576 1,179,239 46,663 0.03US Dollar Sell 19/02/2014 618,223 637,622 19,399 0.01US Dollar Sell 19/02/2014 583,322 599,428 16,106 0.01US Dollar Sell 19/02/2014 389,346 392,103 2,757 -US Dollar Sell 19/02/2014 32,749 32,979 230 -US Dollar Sell 19/03/2014 762,301 773,362 11,061 -US Dollar Sell 19/03/2014 176,733 178,937 2,204 -US Dollar Sell 19/03/2014 253,850 258,557 4,707 -US Dollar Sell 19/03/2014 310,319 315,704 5,385 -US Dollar Sell 19/03/2014 309,855 313,300 3,445 -UBS AGAustralian Dollar Sell 16/01/2014 429,743 459,531 29,788 0.02Australian Dollar Sell 16/01/2014 286,316 305,927 19,611 0.01Australian Dollar Sell 16/01/2014 305,766 312,190 6,424 -Canadian Dollar Buy 16/01/2014 299,868 317,159 (17,291) (0.01)Canadian Dollar Buy 16/01/2014 304,926 318,700 (13,774) (0.01)Canadian Dollar Sell 16/01/2014 312,883 328,864 15,981 0.01Canadian Dollar Sell 16/01/2014 299,924 313,269 13,345 0.01Canadian Dollar Sell 16/01/2014 308,336 311,320 2,984 -Euro Buy 19/03/2014 361,150 360,813 337 -Euro Buy 19/03/2014 309,534 313,462 (3,928) -Euro Buy 19/03/2014 310,614 314,350 (3,736) -Euro Sell 19/03/2014 310,614 313,540 2,926 -Euro Sell 19/03/2014 311,861 313,474 1,613 -Japanese Yen Buy 19/02/2014 914,446 1,010,948 (96,502) (0.05)Japanese Yen Sell 19/02/2014 182,465 186,322 3,857 -Mexican Peso Buy 16/01/2014 287,827 293,956 (6,129) -Mexican Peso Buy 16/01/2014 312,515 317,952 (5,437) -Mexican Peso Buy 16/01/2014 234,393 240,392 (5,999) -Mexican Peso Sell 16/01/2014 454,573 464,492 9,919 -New Zealand Dollar Buy 16/01/2014 299,378 316,464 (17,086) (0.01)New Zealand Dollar Sell 16/01/2014 299,378 301,566 2,188 -Norwegian Krone Buy 19/03/2014 95,940 96,487 (547) -Singapore Dollar Buy 19/02/2014 305,884 319,096 (13,212) (0.01)Singapore Dollar Buy 19/02/2014 306,219 320,328 (14,109) (0.01)Singapore Dollar Sell 19/02/2014 821,434 861,371 39,937 0.03Swedish Krona Sell 19/03/2014 329,030 328,077 (953) -Swiss Franc Sell 19/03/2014 497,977 495,111 (2,866) -US Dollar Buy 19/03/2014 1,460,474 1,478,400 (17,926) (0.01)US Dollar Buy 19/03/2014 309,306 315,400 (6,094) -US Dollar Buy 19/03/2014 82,053 82,400 (347) -% ofFund

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.CounterpartyUBS AG cont.CurrencyContracttypeDeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPUS Dollar Buy 16/01/2014 449,289 459,531 GBP (10,242) -US Dollar Buy 16/01/2014 321,534 328,864 (7,330) -US Dollar Buy 16/01/2014 299,108 305,927 (6,819) -US Dollar Buy 16/01/2014 307,119 313,269 (6,150) -US Dollar Buy 16/01/2014 455,373 464,492 (9,119) -US Dollar Buy 16/01/2014 295,263 301,566 (6,303) -US Dollar Buy 16/01/2014 307,653 311,320 (3,667) -US Dollar Buy 16/01/2014 308,899 312,190 (3,291) -US Dollar Buy 19/02/2014 834,305 861,371 (27,066) (0.02)US Dollar Buy 19/02/2014 184,509 186,322 (1,813) -US Dollar Buy 19/03/2014 324,168 328,077 (3,909) -US Dollar Buy 19/03/2014 490,184 495,111 (4,927) -US Dollar Buy 19/03/2014 311,215 313,540 (2,325) -US Dollar Buy 19/03/2014 309,796 313,474 (3,678) -US Dollar Sell 16/01/2014 284,754 293,956 9,202 -US Dollar Sell 16/01/2014 309,199 317,159 7,960 -US Dollar Sell 16/01/2014 306,476 316,464 9,988 -US Dollar Sell 16/01/2014 307,359 317,952 10,593 -US Dollar Sell 16/01/2014 230,188 240,392 10,204 -US Dollar Sell 16/01/2014 310,323 318,700 8,377 -US Dollar Sell 19/02/2014 979,220 1,010,948 31,728 0.02US Dollar Sell 19/02/2014 309,805 319,096 9,291 -US Dollar Sell 19/02/2014 309,544 320,328 10,784 -US Dollar Sell 19/03/2014 355,674 360,813 5,139 -US Dollar Sell 19/03/2014 95,310 96,487 1,177 -US Dollar Sell 19/03/2014 309,443 313,462 4,019 -US Dollar Sell 19/03/2014 310,000 314,350 4,350 -US Dollar Sell 19/03/2014 63,483,578 64,262,800 779,222 0.31US Dollar Sell 19/03/2014 311,043 313,200 2,157 -Westpac Banking CorporationAustralian Dollar Buy 16/01/2014 286,046 317,643 (31,597) (0.02)Australian Dollar Sell 16/01/2014 111,046 118,794 7,748 -Australian Dollar Sell 16/01/2014 175,001 191,164 16,163 0.01Australian Dollar Sell 16/01/2014 290,895 317,340 26,445 0.01Canadian Dollar Buy 16/01/2014 152,150 156,821 (4,671) -Canadian Dollar Sell 16/01/2014 152,150 158,167 6,017 -Canadian Dollar Sell 16/01/2014 309,757 312,602 2,845 -Euro Buy 19/03/2014 313,856 313,136 720 -Japanese Yen Buy 19/02/2014 298,814 317,655 (18,841) (0.01)Japanese Yen Sell 19/02/2014 294,470 310,226 15,756 0.01Japanese Yen Sell 19/02/2014 181,220 189,021 7,801 -US Dollar Buy 19/03/2014 1,040,426 1,053,200 (12,774) -US Dollar Buy 16/01/2014 116,146 118,794 (2,648) -US Dollar Buy 16/01/2014 154,126 158,167 (4,041) -US Dollar Buy 16/01/2014 185,229 191,164 (5,935) -US Dollar Buy 16/01/2014 307,286 317,340 (10,054) -US Dollar Buy 16/01/2014 309,192 312,602 (3,410) -US Dollar Buy 19/02/2014 303,814 310,226 (6,412) -US Dollar Buy 19/02/2014 187,072 189,021 (1,949) -US Dollar Sell 16/01/2014 308,314 317,643 9,329 -US Dollar Sell 16/01/2014 152,551 156,821 4,270 -US Dollar Sell 19/02/2014 310,449 317,655 7,206 -US Dollar Sell 19/03/2014 311,588 313,136 1,548 -Unrealised Appreciation on Forward Foreign Exchange Currency Contracts GBP 6,488,983 2.52Unrealised Depreciation on Forward Foreign Exchange Currency Contracts GBP (3,457,342) (1.34)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts GBP 3,031,641 1.18Total Financial Assets at Fair Value through Profit or Loss GBP 305,195,701 118.71Total Financial Liabilities at Fair Value through Profit or Loss GBP (36,118,174) (14.03)% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 51

Putnam Global Fixed Income Alpha Fund S1Schedule of Investments (unaudited) cont.31 December 2013% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 77.05(b) Collective Investment Schemes 6.77(c) OTC financial derivative instruments 1.98(d) Exchange Traded financial derivative instruments 0.05(e) Other assets 14.15Total Assets 100.00The accompanying notes form an integral part of these financial statements.52 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited)31 December 2013U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (68.96%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundU.S. Government Guaranteed Mortgage Obligations (36.03%)USD Government National6,000,000 MortgageAssociation Pass-Through CertificatesTBA 4.50 01/01/2044GBP3,872,400 1.17184,000,000 Government NationalMortgageAssociation Pass-Through CertificatesTBA 4.00 01/01/2044 115,628,497 34.86GBP 119,500,897 36.03U.S. Government Agency Mortgage Obligations (32.93%)USD Federal National6,000,000 MortgageAssociation Pass-Through CertificatesTBA 6.00 01/01/2044GBP4,022,989 1.215,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 5.50 01/01/2044 3,322,064 1.0059,142 Federal NationalMortgageAssociation Pass-Through Certificates 5.00 01/12/2038 38,780 0.012,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 5.00 01/01/2044 1,312,502 0.403,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 4.50 01/01/2044 1,921,197 0.589,223,141 Federal NationalMortgageAssociation Pass-Through Certificates 4.00 01/07/2042 5,680,221 1.7142,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 3.50 01/01/2044 25,216,457 7.6077,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 3.00 01/01/2044 44,188,572 13.3343,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 2.50 01/01/2044 23,517,352 7.09GBP 109,220,134 32.93Total U.S. Government and Agency MortgageObligations GBP 228,721,031 68.96U.S. GOVERNMENT AGENCY OBLIGATIONS (6.35%)Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSD Federal Home LoanGBP7,200,000 Bank 0.02 02/01/2014 4,347,955 1.315,000,000 Federal Home LoanBank 0.03 10/01/2014 3,019,389 0.9110,000,000 Federal Home LoanMortgageCorporation 0.09 06/05/2014 6,036,943 1.82U.S. GOVERNMENT AGENCY OBLIGATIONS cont.Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSD Federal National7,700,000 MortgageGBPAssociation 0.04 27/01/2014 4,649,765 1.402,000,000 Federal NationalMortgageAssociation 0.03 10/01/2014 1,207,755 0.363,000,000 Federal NationalMortgageAssociation 0.03 02/01/2014 1,811,647 0.55Total U.S. Government Agency Obligations GBP 21,073,454 6.35MORTGAGE-BACKED SECURITIES (30.37%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations (10.00%)USD Federal Home Loan2,982,530 MortgageCorporation Class KS 6.13 15/10/2036 GBP 204,875 0.06338,447 Fannie Mae GrantorTrust Class 2 5.00 01/10/2036 38,833 0.01130,380 Federal Home LoanMortgageCorporation Class 1 0.00 25/05/2043 6 -124,385 Federal Home LoanMortgageCorporation Class 2 0.00 25/05/2043 235 -101,769 Federal Home LoanMortgageCorporation Class 3 0.00 25/05/2043 5 -141,282 Federal Home LoanMortgageCorporation Class A 0.52 25/05/2043 1,463 -7,843,719 Federal Home LoanMortgageCorporation Class AS 5.83 15/08/2043 1,018,407 0.314,189,792 Federal Home LoanMortgageCorporation Class AS 5.72 15/09/2043 539,270 0.163,332,661 Federal Home LoanMortgageCorporation Class ES 6.08 15/11/2042 373,084 0.115,319,306 Federal Home LoanMortgageCorporation Class FO 0.00 15/04/2041 2,599,536 0.781,437,038 Federal Home LoanMortgageCorporation Class HI 4.50 15/07/2037 99,366 0.033,939,047 Federal Home LoanMortgageCorporation Class PS 6.43 15/03/2040 347,201 0.103,151,016 Federal Home LoanMortgageCorporation Class PS 5.83 15/09/2040 312,009 0.095,378,117 Federal Home LoanMortgageCorporation Class S1 5.78 15/08/2043 690,157 0.211,556,065 Federal Home LoanMortgageCorporation Class SA 5.83 15/08/2043 211,240 0.066,643,876 Federal Home LoanMortgageCorporation Class SA 5.83 15/11/2041 618,910 0.19956,041 Federal Home LoanMortgageCorporation Class SP 27.93 15/04/2032 883,622 0.2713,277,810 Federal Home LoanMortgageCorporation Class TI 3.00 15/12/2042 1,131,374 0.34The accompanying notes form an integral part of these financial statements.Putnam World Trust 53

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations cont.USD 1,128,281 Federal NationalMortgageAssociation Class 1 1.13 25/06/2043 GBP 21,691 0.0195,675 Federal NationalMortgageAssociation Class 2 6.50 01/07/2036 13,253 -106,843 Federal NationalMortgageAssociation Class 2 6.00 01/06/2036 8,519 -90,050 Federal NationalMortgageAssociation Class 2 5.50 01/05/2037 9,245 -10,263,902 Federal NationalMortgageAssociation Class C15 3.50 25/08/2043 1,438,660 0.432,409,040 Federal NationalMortgageAssociation Class C16 4.00 25/11/2040 307,900 0.099,277,730 Federal NationalMortgageAssociation Class C19 3.50 25/02/2033 849,028 0.265,008,033 Federal NationalMortgageAssociation ClassC24 4.00 25/08/2043 728,895 0.221,329,500 Federal NationalMortgageAssociation Class HI 4.50 25/12/2040 159,127 0.053,658,993 Federal NationalMortgageAssociation Class IP 3.00 25/06/2042 265,584 0.084,036,481 Federal NationalMortgageAssociation Class JI 3.00 25/12/2041 347,353 0.108,238,819 Federal NationalMortgageAssociation Class MI 3.00 25/12/2032 694,699 0.211,453,296 Federal NationalMortgageAssociation Class SA 5.79 25/09/2043 204,328 0.063,893,000 Federal NationalMortgageAssociation Class SA 5.68 25/01/2044 478,929 0.141,381,576 Federal NationalMortgageAssociation Class SB 6.29 25/05/2040 131,095 0.042,063,160 Federal NationalMortgageAssociation Class SE 5.74 25/10/2043 301,385 0.094,077,966 Federal NationalMortgageAssociation Class SH 5.74 25/10/2043 520,597 0.162,556,878 Federal NationalMortgageAssociation Class SK 5.76 25/10/2043 345,402 0.101,943,163 Federal NationalMortgageAssociation Class UI 4.00 25/11/2042 231,051 0.0796,098 Government NationalMortgageAssociation 0.00 16/04/2034 56,960 0.026,099,544 Government NationalMortgageAssociation Class AS 5.59 20/02/2040 558,037 0.171,633,574 Government NationalMortgageAssociation Class CI 4.00 20/03/2042 227,095 0.073,035,412 Government NationalMortgageAssociation Class DS 5.93 20/09/2043 299,866 0.09MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations cont.USD Government National9,647,098 MortgageAssociation Class DS 5.53 20/04/2040GBP917,539 0.287,894,244 Government NationalMortgageAssociation Class ES 5.51 20/04/2040 744,875 0.227,770,762 Government NationalMortgageAssociation ClassHI (F) 3.50 20/04/2040 706,288 0.214,644,509 Government NationalMortgageAssociation Class IA 4.50 20/10/2039 465,138 0.142,648,283 Government NationalMortgageAssociation Class IT 5.00 20/01/2043 361,672 0.111,404,921 Government NationalMortgageAssociation Class MI 6.28 20/04/2041 192,190 0.069,377 Government NationalMortgageAssociation Class OD 0.00 16/07/2036 4,907 -4,651,872 Government NationalMortgageAssociation Class PI 3.50 20/04/2043 479,303 0.146,900,644 Government NationalMortgageAssociation Class QI 4.50 20/01/2040 916,151 0.282,366,655 Government NationalMortgageAssociation Class SA 23.77 20/04/2041 2,150,592 0.653,650,628 Government NationalMortgageAssociation Class SA 5.88 20/09/2040 385,709 0.127,877,608 Government NationalMortgageAssociation Class SA 5.58 20/03/2040 783,499 0.244,206,140 Government NationalMortgageAssociation Class SB 6.43 20/08/2040 520,714 0.163,650,560 Government NationalMortgageAssociation Class SB 5.93 20/08/2039 339,781 0.104,170,060 Government NationalMortgageAssociation Class SC 6.33 20/05/2040 449,151 0.143,947,642 Government NationalMortgageAssociation Class SC 6.03 20/06/2041 393,346 0.124,953,853 Government NationalMortgageAssociation Class SE 6.08 20/02/2040 513,948 0.152,036,045 Government NationalMortgageAssociation Class SG 6.33 20/05/2040 219,275 0.072,652,612 Government NationalMortgageAssociation Class SI 6.46 16/08/2037 240,282 0.074,767,576 Government NationalMortgageAssociation Class SL 5.98 20/03/2043 502,165 0.152,263,000 Government NationalMortgageAssociation Class SN 5.73 16/05/2041 332,258 0.103,142,158 Government NationalMortgageAssociation Class SP 6.13 20/01/2042 352,156 0.113,753,426 Government NationalMortgageAssociation Class TS 5.88 16/05/2041 463,526 0.14The accompanying notes form an integral part of these financial statements.54 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAgency Collateralised Mortgage Obligations cont.USD Government National10,319,176 MortgageAssociation Class UI 5.00 20/01/2040GBP1,383,539 0.424,776,779 Government NationalMortgageAssociation Class UI 5.00 20/12/2039 628,414 0.199,965,704 Government NationalMortgageAssociation Class XD 6.43 16/01/2040 1,080,674 0.333,704,404 Structured AssetSecuritiesCorporation Class1A3 6.01 28/03/2045 391,480 0.12GBP 33,186,864 10.00Commercial Mortgage-Backed Securities (14.75%)USD Banc of America1,001,981 CommercialMortgage Trust 1.03 11/04/2037 GBP 218 -45,000 Banc of AmericaCommercialMortgage TrustClass A2 5.63 10/04/2049 27,447 0.01107,865 Banc of AmericaCommercialMortgage TrustClass A2 5.31 10/10/2045 65,280 0.021,493,000 Banc of AmericaCommercialMortgage TrustClass A3 5.39 10/09/2047 920,193 0.28718,263 Banc of AmericaCommercialMortgage TrustClass A4 5.17 10/11/2042 441,120 0.13390,000 Banc of AmericaCommercialMortgage TrustClass AJ 4.77 10/07/2043 233,405 0.071,750,000 Banc of AmericaCommercialMortgage TrustClass B 5.22 10/10/2045 1,119,040 0.344,414,000 Banc of AmericaCommercialMortgage TrustClass B 5.12 10/07/2045 2,662,874 0.801,501,000 Banc of AmericaCommercialMortgage TrustClass C (F) 5.15 10/07/2045 861,107 0.26469,000 Bear StearnsCommercialMortgage SecuritiesTrust Class AJ 5.44 11/03/2039 290,833 0.09968,000 Bear StearnsCommercialMortgage SecuritiesTrust Class D 5.13 13/02/2042 601,043 0.1825,979,331 Bear StearnsCommercialMortgage SecuritiesTrust Class XW (F) 0.64 11/12/2038 302,788 0.091,496,000 CitigroupCommercialMortgage TrustClass AJ (F) 4.96 15/05/2043 909,010 0.27343,693 Citigroup/DeutscheBank CommercialMortgage TrustClass ASB 5.28 11/12/2049 213,777 0.06MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundCommercial Mortgage-Backed Securities cont.USD COMM Mortgage2,031,000 Trust Class AJ 5.65 10/12/2049GBP1,273,338 0.38727,000 COMM MortgageTrust Class AM 5.35 10/12/2046 507,203 0.15718,000 COMM MortgageTrust Class AM 3.91 15/05/2045 433,433 0.1316,045,749 COMM MortgageTrust Class Class XA 2.20 15/10/2045 1,151,143 0.35677,000 COMM MortgageTrust Class D 5.05 10/08/2046 363,492 0.11688,000 COMM MortgageTrust Class E 5.36 10/07/2037 420,582 0.13955,000 CommercialMortgage Pass-Through CertificatesClass D 4.26 10/07/2045 478,229 0.14686,000 CommercialMortgage TrustClass D 5.65 10/12/2044 406,310 0.12600,000 Credit Suisse FirstBoston CommercialMortgage TrustClass C 5.10 15/08/2038 370,985 0.11348,818 Credit Suisse FirstBoston MortgageSecuritiesCorporation Class E 5.34 15/12/2035 210,887 0.06354,807 Credit Suisse FirstBoston MortgageSecuritiesCorporation Class F 6.00 17/05/2040 235,688 0.07351,945 Credit SuisseMortgage CapitalCertificates Class A2 5.76 15/09/2039 212,703 0.0631,423,523 Credit SuisseMortgage CapitalCertificates ClassAX (F) 0.21 15/12/2039 110,062 0.0333,839 DLJ CommercialMortgageCorporation Class B4 7.17 10/06/2031 20,429 0.01889,000 GE CapitalCommercialMortgageCorporation Class AJ 5.31 10/11/2045 521,069 0.162,000,000 GE CommercialMortgageCorporation TrustClass K (F) 5.07 10/01/2038 1,208,491 0.3662,868,361 GMAC CommercialMortgage SecuritiesIncorporated Class X1 0.70 10/12/2041 283,945 0.09142,407 Greenwich CapitalCommercial FundingCorporation ClassAAB 4.62 10/08/2042 86,857 0.031,642,000 Greenwich CapitalCommercial FundingCorporation ClassB (F) 4.89 10/08/2042 1,016,464 0.31745,000 Greenwich CapitalCommercial FundingCorporation Class D 4.99 10/08/2042 448,812 0.14364,695 GS MortgageSecurities TrustClass A2 5.51 10/04/2038 221,059 0.071,064,000 GS MortgageSecurities TrustClass B 4.84 10/07/2039 640,154 0.19The accompanying notes form an integral part of these financial statements.Putnam World Trust 55

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundCommercial Mortgage-Backed Securities cont.USD 790,000 GS MortgageSecurities TrustClass D 5.64 10/08/2038GBP482,733 0.15991,000 GS MortgageSecurities TrustClass D 5.31 10/08/2044 576,583 0.1711,750,121 GS MortgageSecurities TrustClass XA 1.72 10/08/2044 486,765 0.151,097,000 JPMBB CommercialMortgage SecuritiesTrust Class D 4.09 15/07/2045 548,087 0.17560,000 JPMorgan ChaseCommercialMortgage SecuritiesCorporation Class B 4.96 15/01/2042 362,658 0.11797,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class C 6.17 12/02/2051 448,355 0.142,041,285 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class A2 5.12 15/07/2041 1,250,549 0.382,363,551 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class A3S 5.32 15/01/2049 1,429,092 0.43215,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class AJ (F) 6.07 12/02/2051 132,834 0.04527,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class B 5.65 12/06/2041 327,221 0.101,304,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class D 4.16 15/12/2047 662,685 0.203,633,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class D 4.67 15/10/2045 2,089,923 0.631,481,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class D 4.06 15/01/2046 741,445 0.2241,693,599 JPMorgan ChaseCommercialMortgage SecuritiesTrust Class XA 1.59 15/04/2046 2,426,661 0.73662,172 LB-UBS CommercialMortgage TrustClass A2 5.30 15/11/2038 415,006 0.13557,000 LB-UBS CommercialMortgage TrustClass E (F) 5.18 15/08/2036 341,812 0.10920,000 LB-UBS CommercialMortgage TrustClass G 5.03 15/10/2036 566,684 0.1726,290,207 LB-UBS CommercialMortgage TrustClass XCL 0.67 15/09/2039 281,279 0.08172,064,970 LB-UBS CommercialMortgage Trust ClassXCL 0.35 15/04/2040 315,878 0.102,218,000 Morgan Stanley Bankof America MerrillLynch Trust Class D 4.42 15/08/2046 1,139,706 0.34MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundCommercial Mortgage-Backed Securities cont.USD 1,566,381 Morgan StanleyCapital I TrustClass A2 5.60 12/04/2049GBP950,641 0.293,223,285 Morgan StanleyCapital I TrustClass A2FX (F) 5.60 12/04/2049 1,979,577 0.60903,000 Morgan StanleyCapital I TrustClass AJ 5.39 12/11/2041 548,742 0.175,808,190 Morgan StanleyReREMIC TrustClass A3B 5.25 17/12/2043 3,514,482 1.061,558,000 UBS-BarclaysCommercialMortgage TrustClass AS (F) 3.47 10/04/2046 897,853 0.27612,000 UBS-BarclaysCommercialMortgage TrustClass D 4.96 10/08/2049 328,655 0.102,527,000 UBS-BarclaysCommercialMortgage TrustClass D (F) 4.35 10/04/2046 1,295,279 0.398,225,955 UBS-BarclaysCommercialMortgage TrustClass XA 1.88 10/12/2045 556,188 0.171,009,003 Wachovia BankCommercialMortgage TrustClass A3 5.92 15/02/2051 610,843 0.182,690,000 Wachovia BankCommercialMortgage TrustClass AJ (F) 6.00 15/06/2045 1,631,268 0.49923,000 Wells FargoCommercialMortgage TrustClass D 4.30 15/07/2046 461,404 0.141,755,000 WF-RBS CommercialMortgage TrustClass D 4.63 15/03/2046 902,920 0.2716,155,300 WF-RBS CommercialMortgage TrustClass XA 1.62 15/12/2046 928,336 0.28GBP 48,901,614 14.75Residential Mortgage-Backed Securities (Non-Agency) (5.62%)USD American Home8,628,307 Mortgage AssetsTrust Class A1 1.06GBP25/11/2046 2,709,454 0.821,224,237 Barclays Capital LLCTrust Class 9A4 10.13 26/03/2036 741,883 0.22280,000 Barclays Capital LLCTrust Class 9A2 2.66 26/10/2035 147,867 0.04350,136 Barclays Capital LLCTrust Class 5A3 11.01 26/04/2037 127,097 0.0450,771,511 Barclays Capital LLCTrust Class 1A7 1.69 26/12/2046 958,127 0.2912,224,381 Barclays Capital LLCTrust Class 2A7 1.51 26/03/2047 231,060 0.07966,868 CountrywideAlternative LoanTrust Class 1A5 5.75 25/04/2037 513,810 0.15692,000 CountrywideAlternative LoanTrust Class 1A1 0.49 20/11/2035 337,841 0.101,506,687 Merrill LynchAlternative NoteAsset Trust Class A1 0.35 25/04/2037 809,778 0.24The accompanying notes form an integral part of these financial statements.56 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundResidential Mortgage-Backed Securities (Non-Agency) cont.USD Residential Accredit Loans7,797,289 Incorporated Class 1A1 0.94 25/09/2046GBP2,978,221 0.901,136,169 WAMU Mortgage Class2A1B 1.21 25/01/2046 600,349 0.184,094,693 WAMU Mortgage ClassA1B 1.14 25/02/2046 1,997,954 0.602,749,068 WAMU Mortgage Class1A1B 1.08 25/05/2046 1,377,896 0.425,723,566 WAMU Mortgage ClassA1C3 0.66 25/10/2045 2,951,735 0.902,928,576 WAMU Mortgage ClassA1B2 0.62 25/08/2045 1,520,925 0.461,282,854 WAMU Mortgage ClassA1B3 0.51 25/11/2045 643,770 0.19GBP 18,647,767 5.62Total Mortgage-Backed Securities GBP 100,736,245 30.37REPURCHASE AGREEMENTS (10.34%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD Repurchase Agreement*-GBP25,909,000 Barclays’s Capital Inc. 0.01 01/02/2014 15,646,005 4.7230,890,000 Repurchase Agreement**-Merrill Fenner Price andLynch 0.00 01/02/2014 18,653,946 5.62Total Repurchase Agreements GBP 34,299,951 10.34* Interest in USD 25,909,000 repurchase agreement dated 31 December 2013 withBarclays Capital, Inc. due 2 January 2014 -- maturity value of USD 25,909,014 for aneffective yield of 0.01% (collateralised by U.S. Treasury Bills with coupon rate of0.625% and due date of 30 November 2017 valued at USD 26,448,854).** Interest in USD 51,788,000 joint repurchase agreement dated 31 December 2013with Merrill Lynch, Pierce, Fenner and Smith Inc. due 2 January 2014 -- maturity valueof USD 30,890,002 for an effective yield of 0.001% (collateralised by U.S. TreasuryBills with coupon rate of 2.125% and due date of 31 August 2020 valued at USD53,634,526).U.S. CORPORATE BONDS AND NOTES (9.60%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundAerospace and Defense (0.25%)USD Kratos Defense &384,000 Security SolutionsIncorporated 10.00 01/06/2017 GBP 250,152 0.08455,000 TransDigmIncorporated 7.75 15/12/2018 294,687 0.09255,000 United TechnologiesCorporation 4.50 01/06/2042 149,538 0.05155,000 United TechnologiesCorporation 3.10 01/06/2022 91,522 0.03785,899 0.25Automotive (0.33%)149,000 Ford Motor Company 7.70 15/05/2097 97,344 0.03525,000 Ford Motor CreditCompany LLC 5.88 02/08/2021 359,429 0.11480,000 General MotorsFinancial CompanyIncorporated 3.25 15/05/2018 289,864 0.09548,000 Navistar InternationalCorporation 8.25 01/11/2021 341,683 0.101,088,320 0.33Banking (0.36%)655,000 Bear StearnsCompanies LLC 5.70 15/11/2014 413,153 0.12304,000 Fifth Third Bancorp 5.10 29/12/2049 162,469 0.05227,000 JPMorgan Chase &Company 7.90 29/04/2049 151,132 0.051,000,000 State Street CapitalTrust IV 1.24 15/06/2037 457,206 0.141,183,960 0.36The accompanying notes form an integral part of these financial statements.U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundBeverage (0.15%)USD 390,000 Constellation BrandsIncorporated 7.25 01/09/2016 GBP 267,309 0.08405,000 SABMiller HoldingsIncorporated 4.95 15/01/2042 242,922 0.07510,231 0.15Building Materials (0.20%)625,000 Building MaterialsCorporation 7.00 15/02/2020 405,734 0.12420,000 Nortek Incorporated 10.00 01/12/2018 279,945 0.08685,679 0.20Cable Television (0.15%)621,000 DISH DBS Corporation 4.25 01/04/2018 382,512 0.12144,000 Time WarnerEntertainmentCompany LP 8.38 15/07/2033 94,740 0.03477,252 0.15Chemicals (0.63%)10,000 CF IndustriesIncorporated 7.13 01/05/2020 7,078 -370,000 Cytec IndustriesIncorporated 3.50 01/04/2023 205,326 0.06850,000 Eastman ChemicalCompany 3.60 15/08/2022 492,799 0.15150,000 HuntsmanInternational LLC 8.63 15/03/2021 102,358 0.03430,000 HuntsmanInternational LLC 8.63 15/03/2020 287,260 0.091,415,000 LyondellBasellIndustries NV 6.00 15/11/2021 982,764 0.302,077,585 0.63Coal (0.08%)405,000 CONSOL EnergyIncorporated 8.00 01/04/2017 257,718 0.08257,718 0.08Commercial and Consumer Services (0.10%)505,000 Expedia Incorporated 5.95 15/08/2020 330,083 0.10330,083 0.10Construction (0.07%)378,000 Atkore InternationalIncorporated 9.88 01/01/2018 245,388 0.07245,388 0.07Consumer Services (0.05%)277,440 Affinion InvestmentsLLC 13.50 15/08/2018 166,704 0.05166,704 0.05Containers (0.05%)300,000 Crown Americas LLC 4.50 15/01/2023 169,389 0.05169,389 0.05Electric Utilities (0.58%)350,000 AES Corporation 8.00 01/06/2020 247,290 0.07355,000 AES Corporation 8.00 15/10/2017 251,895 0.081,497,000 FirstEnergyCorporation 4.25 15/03/2023 842,678 0.25227,000 FirstEnergyCorporation 2.75 15/03/2018 134,692 0.04760,000 Narragansett ElectricCompany 4.17 10/12/2042 401,327 0.12110,000 PPL Capital FundingIncorporated 4.20 15/06/2022 66,399 0.021,944,281 0.58Entertainment (0.08%)455,000 GLP Capital LP 4.38 01/11/2018 280,949 0.08280,949 0.08Financial (0.52%)555,000 Ally FinancialIncorporated 4.50 11/02/2014 336,412 0.1015,000 Icahn Enterprises LP 8.00 15/01/2018 9,421 -Putnam World Trust 57

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundFinancial cont.USD 415,000 Icahn Enterprises LP 7.75 15/01/2016 GBP 255,624 0.081,425,000 Leucadia NationalCorporation 5.50 18/10/2023 860,032 0.26431,000 ZFS Finance USATrust V 6.50 09/05/2037 276,866 0.081,738,355 0.52Food (0.22%)265,000 Dean FoodsCompany 7.00 01/06/2016 176,832 0.05450,000 Hawk AcquisitionSub Incorporated 4.25 15/10/2020 262,916 0.08440,000 Tyson FoodsIncorporated 6.60 01/04/2016 296,599 0.09736,347 0.22Forest Products and Packaging (0.54%)875,000 International PaperCompany 7.95 15/06/2018 641,840 0.19579,000 Rock-Tenn Company 4.90 01/03/2022 358,947 0.11350,000 Rock-Tenn Company 4.45 01/03/2019 222,786 0.07765,000 WeyerhaeuserCompany 7.38 15/03/2032 565,293 0.171,788,866 0.54Gaming and Lottery (0.08%)415,000 CaesarsEntertainmentOperating CompanyIncorporated 11.25 01/06/2017 254,997 0.08254,997 0.08Health-Care Services (0.23%)502,000 HCA Incorporated 6.50 15/02/2020 333,085 0.10230,000 Health NetIncorporated 6.38 01/06/2017 149,657 0.05285,000 Tenet HealthcareCorporation 6.25 01/11/2018 191,038 0.0695,000 UnitedHealth GroupIncorporated 4.63 15/11/2041 53,864 0.02727,644 0.23Homebuilding (0.26%)USD 480,000 Beazer Homes USAIncorporated 8.13 15/06/2016 323,198 0.1077,000 Pulte GroupIncorporated 7.63 15/10/2017 53,474 0.02685,000 Realogy Corporation 7.88 15/02/2019 453,992 0.14830,664 0.26Insurance (1.00%)815,000 Aflac Incorporated 8.50 15/05/2019 628,593 0.19915,000 AmericanInternational GroupIncorporated 4.25 15/09/2014 566,864 0.17215,000 Genworth HoldingsIncorporated 7.70 15/06/2020 154,581 0.051,320,000 Liberty Mutual GroupIncorporated 7.80 15/03/2037 856,910 0.26960,000 Metropolitan LifeGlobal Funding I 3.65 14/06/2018 610,155 0.1857,000 PrimericaIncorporated 4.75 15/07/2022 35,354 0.01651,000 Prudential FinancialIncorporated 8.88 15/06/2038 478,633 0.143,331,090 1.00Investment Banking/Brokerage (0.09%)455,000 E*Trade FinancialCorporation 6.75 01/06/2016 298,122 0.09298,122 0.09Lodging/Tourism (0.25%)940,000 Marriott InternationalIncorporated 3.00 01/03/2019 569,894 0.17U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundLodging/Tourism cont.USD 405,000 MGM ResortsInternational 7.63 15/01/2017 GBP 278,201 0.08848,095 0.25Manufacturing (0.08%)395,000 ThermadyneHoldings Corporation 9.00 15/12/2017 255,231 0.08255,231 0.08Medical Technology (0.08%)400,000 Kinetic ConceptsIncorporated 10.50 01/11/2018 277,786 0.08277,786 0.08Natural Gas Utilities (0.15%)425,000 El Paso Corporation 7.00 15/06/2017 290,178 0.09357,000 Kinder MorganIncorporated 5.00 15/02/2021 211,275 0.06501,453 0.15Oil and Gas (0.77%)110,000 Access MidstreamPartners LP 5.88 15/04/2021 70,745 0.02285,000 Anadarko FinanceCompany 7.50 01/05/2031 209,249 0.06600,000 Anadarko PetroleumCorporation 6.45 15/09/2036 406,873 0.12405,000 Chesapeake EnergyCorporation 9.50 15/02/2015 265,056 0.08350,000 Denbury ResourcesIncorporated 8.25 15/02/2020 233,023 0.07100,000 Kerr-McGeeCorporation 7.88 15/09/2031 75,566 0.021,270,000 Plains Exploration &Production Company 6.75 01/02/2022 844,793 0.26735,000 WPX EnergyIncorporated 5.25 15/01/2017 473,814 0.142,579,119 0.77Railroads (0.03%)206,000 Kansas City SouthernRailway Company 4.30 15/05/2043 108,503 0.03108,503 0.03Real Estate (1.15%)1,445,000 CBL & Associates LP 5.25 01/12/2023 871,451 0.26825,000 EPR Properties 5.25 15/07/2023 487,043 0.15335,000 Health Care REITIncorporated 3.75 15/03/2023 190,888 0.06415,000 iStar FinancialIncorporated 4.88 01/07/2018 250,925 0.08475,000 Mid-AmericaApartments LP 4.30 15/10/2023 279,766 0.08285,000 RayonierIncorporated 3.75 01/04/2022 162,097 0.052,500,000 Ventas Realty LP 3.13 30/11/2015 1,570,079 0.473,812,249 1.15Retail (0.15%)615,000 Macy's RetailHoldingsIncorporated 6.90 01/04/2029 421,443 0.1335,000 Macy's RetailHoldingsIncorporated 5.13 15/01/2042 20,228 0.0150,000 Macy's RetailHoldingsIncorporated 3.88 15/01/2022 30,151 0.01471,822 0.15Shipping (0.08%)390,000 Swift ServicesHoldingsIncorporated 10.00 15/11/2018 262,010 0.08262,010 0.08The accompanying notes form an integral part of these financial statements.58 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundTechnology Services (0.04%)USD 222,000 Fidelity NationalInformation ServicesIncorporated 5.00 15/03/2022 GBP 136,911 0.04136,911 0.04Telecommunications (0.31%)622,000 Qwest Corporation 6.75 01/12/2021 409,480 0.12230,000 SBA Tower Trust 2.93 15/12/2017 141,031 0.04730,000 Sprint NextelCorporation 6.00 01/12/2016 481,061 0.151,031,572 0.31Telephone (0.08%)395,000 WindstreamCorporation 7.88 01/11/2017 272,525 0.08272,525 0.08Trucks and Parts (0.41%)359,000 American Axle &ManufacturingIncorporated 7.75 15/11/2019 248,229 0.081,340,000 Delphi Corporation 5.00 15/02/2023 833,479 0.25420,000 TennecoIncorporated 6.88 15/12/2020 277,092 0.081,358,800 0.41Total U.S. Corporate Bonds and Notes GBP 31,825,599 9.60NON-U.S. CORPORATE BONDS AND NOTES (7.81%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD ABN Amro Bank NV1,460,000 (Netherlands) 4.25 02/02/2017 GBP 945,222 0.29325,000 Aguila 3 SA(Luxembourg) 7.88 31/01/2018 208,038 0.06215,000 America Movil SABde CV (Mexico) 6.13 30/03/2040 137,380 0.04300,000 America Movil SABde CV (Mexico) 2.38 08/09/2016 185,618 0.06635,000 AXA SA (France) 6.46 29/12/2049 390,176 0.121,045,000 Barclays Bank PLC(United Kingdom) 10.18 12/06/2021 834,119 0.25755,000 BBVA InternationalPreferred SAU(Spain) 5.92 29/04/2049 438,834 0.13703,000 BNP Paribas SA(France) 5.19 29/06/2049 433,551 0.13890,000 BPCE SA (France) 5.70 22/10/2023 553,719 0.17415,000 Celanese USHoldings LLC(Germany) 5.88 15/06/2021 266,901 0.081,570,000 Commerzbank AG(Germany) 8.13 19/09/2023 1,045,276 0.321,083,000 Credit Suisse GroupAG (Switzerland) 7.50 11/12/2049 691,611 0.2189,000 Delhaize Group(Belgium) 4.13 10/04/2019 55,253 0.02190,000 Electricite de France(France) 6.95 26/01/2039 140,185 0.042,105,000 Electricite de France(France) 5.25 29/01/2049 1,264,818 0.38471,000 Gazprom OAO ViaGaz Capital SA(Russia) 8.15 11/04/2018 335,003 0.10425,000 Grupo Televisa SAB(Mexico) 6.00 15/05/2018 285,862 0.09690,000 Grupo Televisa SAB(Mexico) 6.63 18/03/2025 466,377 0.14EUR 138,100 INEOS GroupHoldings Limited(Luxembourg) 7.88 15/02/2016 115,528 0.03NON-U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD ING Bank NVGBP3,369,000 (Netherlands) 5.80 25/09/2023 2,109,886 0.64109,000 Kansas City Southernde Mexico SA de CV(Mexico) 2.35 15/05/2020 61,268 0.02750,000 Lukoil InternationalFinance BV (Russia) 4.56 24/04/2023 425,661 0.13369,000 MasoniteInternationalCorporation(Canada) 8.25 15/04/2021 245,116 0.07755,000 Petroleos deVenezuela SA(Venezuela) 5.25 12/04/2017 339,181 0.101,780,000 Petroleos deVenezuela SA(Venezuela) 5.00 28/10/2015 892,478 0.271,120,000 Petroleos deVenezuela SA(Venezuela) 8.50 02/11/2017 563,061 0.171,504,000 Royal Bank ofScotland Group PLC(United Kingdom) 6.10 10/06/2023 927,386 0.28156,000 Royal Bank ofScotland Group PLC(United Kingdom) 6.00 19/12/2023 94,876 0.03370,000 Royal Bank ofScotland Group PLC(United Kingdom) 4.70 03/07/2018 227,002 0.071,765,000 Russian AgriculturalBank OJSC Via RSHBCapital SA (Russia) 7.13 14/01/2014 1,066,248 0.32900,000 Santander IssuancesSAU (Spain) 5.91 20/06/2016 562,843 0.17375,000 Sberbank of RussiaVia SB Capital SA(Russia) 6.13 07/02/2022 238,715 0.07500,000 Sberbank of RussiaVia SB Capital SA(Russia) 4.95 07/02/2017 320,058 0.10720,000 Societe Generale SA(France) 7.88 18/12/2023 438,057 0.13585,000 SoftBankCorporation (Japan) 4.50 15/04/2020 344,440 0.10334,000 Telefonica EmisionesSAU (Spain) 4.57 27/04/2023 198,891 0.0695,000 Telefonica EmisionesSAU (Spain) 7.05 20/06/2036 64,063 0.02550,000 Telefonica EmisionesSAU (Spain) 3.19 27/04/2018 338,253 0.1010,434,000 VTB Bank OJSC ViaVTB Capital SA(Russia) 6.88 29/05/2018 6,875,559 2.07900,000 WeatherfordBermuda (Bermuda) 9.88 01/03/2039 760,892 0.23Total Non-U.S. Corporate Bonds and Notes GBP 25,887,405 7.81FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (5.27%)Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundUSD 147,214 Argentina (Republicof) 8.28 31/12/2033 GBP 65,724 0.023,390,000 Argentina (Republicof) 7.00 17/04/2017 1,847,565 0.572,108,000 Argentina (Republicof) 7.00 03/10/2015 1,268,530 0.383,729,421 Argentina (Republicof) 8.28 31/12/2033 1,700,361 0.511,050,000 Brazil (FederalRepublic of) 4.88 22/01/2021 667,056 0.20The accompanying notes form an integral part of these financial statements.Putnam World Trust 59

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates GBP FundBRL 10,821 Brazil (FederalGBPRepublic of) 10.00 01/01/2021 2,409,741 0.74USD 325,000 Croatia (Governmentof) 6.00 26/01/2024 195,379 0.06230,000 Croatia (Republic of) 6.25 27/04/2017 147,852 0.04200,000 Croatia (Republic of) 6.38 24/03/2021 126,393 0.04175,000 Ghana (Republic of) 8.50 04/10/2017 112,876 0.03478,388 Ghana (Republic of) 7.88 07/08/2023 278,115 0.08EUR 114,200 Hellenic (Republic ofGreece) 2.00 24/02/2042 48,105 0.0184,200 Hellenic (Republic ofGreece) 2.00 24/02/2041 35,614 0.01114,200 Hellenic (Republic ofGreece) 2.00 24/02/2040 48,474 0.01164,200 Hellenic (Republic ofGreece) 2.00 24/02/2039 69,827 0.02524,200 Hellenic (Republic ofGreece) 2.00 24/02/2038 222,999 0.07134,200 Hellenic (Republic ofGreece) 2.00 24/02/2037 57,360 0.02254,200 Hellenic (Republic ofGreece) 2.00 24/02/2036 109,108 0.03344,200 Hellenic (Republic ofGreece) 2.00 24/02/2035 148,730 0.04214,200 Hellenic (Republic ofGreece) 2.00 24/02/2034 93,482 0.03114,200 Hellenic (Republic ofGreece) 2.00 24/02/2033 50,285 0.02234,200 Hellenic (Republic ofGreece) 2.00 24/02/2032 104,392 0.0354,200 Hellenic (Republic ofGreece) 2.00 24/02/2031 24,538 0.01604,200 Hellenic (Republic ofGreece) 2.00 24/02/2030 278,520 0.0884,200 Hellenic (Republic ofGreece) 2.00 24/02/2029 39,315 0.01344,200 Hellenic (Republic ofGreece) 2.00 24/02/2028 164,740 0.0584,200 Hellenic (Republic ofGreece) 2.00 24/02/2027 41,187 0.01284,200 Hellenic (Republic ofGreece) 2.00 24/02/2026 142,896 0.04934,200 Hellenic (Republic ofGreece) 2.00 24/02/2025 484,091 0.1579,000 Hellenic (Republic ofGreece) 2.00 24/02/2024 42,255 0.01394,200 Hellenic (Republic ofGreece) 2.00 24/02/2023 219,131 0.07USD Indonesia1,045,000 (Republic of) 3.38 15/04/2023 533,572 0.16955,000 Indonesia(Republic of) 7.75 17/01/2038 650,959 0.201,181,000 Indonesia(Republic of) 6.75 10/03/2014 719,776 0.22EUR 895,000 Ireland (Republic of) 5.50 18/10/2017 844,689 0.25USD1,470,000 Poland (Republic of) 5.00 23/03/2022 948,738 0.29EUR 335,000 Portugal(Republic of) 4.35 16/10/2017 276,616 0.08USD 280,000 Russia(Federation of) 4.50 04/04/2022 171,201 0.05185,900 Russia(Federation of) 7.50 31/03/2030 130,673 0.041,200,000 South Africa(Republic of) 4.67 17/01/2024 692,956 0.21EUR 335,000 Spain (Kingdom of) 5.50 30/07/2017 308,930 0.09USD Ukraine1,600,000 (Government of) 7.95 04/06/2014 968,711 0.29Total Foreign Government and Agency Bonds andNotes GBP 17,491,462 5.27The accompanying notes form an integral part of these financial statements.60 Putnam World TrustCOMMERCIAL PAPER (3.27%)Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSDGBP2,000,000 CBS Corporation 0.23 10/01/2014 1,207,694 0.363,000,000 Clorox Company 0.22 22/01/2014 1,811,406 0.552,950,000 FMC Corporation 0.24 08/01/2014 1,781,368 0.542,000,000 Kinder MorganEnergy Partners 0.23 17/01/2014 1,207,637 0.362,000,000 Marriott InternationalIncorporated 0.24 06/01/2014 1,207,724 0.373,300,000 National Grid 0.34 21/01/2014 1,992,426 0.601,700,000 Nissan MotorAcceptanceCorporation 0.32 03/02/2014 1,026,300 0.311,000,000 Westar EnergyIncorporated 0.22 06/01/2014 603,864 0.18Total Commercial Paper GBP 10,838,419 3.27PURCHASED SWAP OPTIONS OUTSTANDING (0.01%)ContractExpiration date/Amountstrike priceUSD Option on an interest rate12,800,400 swap with Credit SuisseInternational for the right toreceive a fixed rate of2.79625 % versus the threemonth USD-LIBOR-BBAmaturing May 2024.ValueGBP% ofFundMay-14/USD 2.79625 GBP 27,132 0.01Total Purchased Swap Options Outstanding GBP 27,132 0.01SHORT-TERM INVESTMENTS (23.75%)Principal Effective Maturity Value % ofAmounts Yield Dates GBP FundUSDGBP20,000,000 U.S. Treasury Bills* 0.10 18/09/2014 12,068,610 3.6420,500,000 U.S. Treasury Bills** 0.09-0.13 21/08/2014 12,370,708 3.7310,000,000 U.S. Treasury Bills*** 0.11 24/07/2014 6,035,220 1.8220,000,000 U.S. Treasury Bills 0.08-0.09 29/05/2014 12,073,247 3.645,000,000 U.S. Treasury Bills**** 0.07 08/05/2014 3,018,643 0.9110,000,000 U.S. Treasury Bills 0.08 01/05/2014 6,037,169 1.8210,000,000 U.S. Treasury Bills 0.07 24/04/2014 6,037,408 1.8210,000,000 U.S. Treasury Bills 0.06-0.07 10/04/2014 6,037,742 1.8210,000,000 U.S. Treasury Bills**** 0.08 03/04/2014 6,037,518 1.825,000,000 U.S. Treasury Bills 0.07 06/02/2014 3,019,213 0.9110,000,000 U.S. Treasury Bills** 0.01 16/01/2014 6,038,805 1.82Total Short-term Investments GBP 78,774,283 23.75Total Value of Investments GBP 549,674,981 165.73* Security is partly held as collateral by Bank of America, Barclays Capital andMerrill Lynch.** Security is partly held as collateral by Barclays Capital and Merrill Lynch.** Security is partly held as collateral by Barclays Capital.**** Security is partly held as collateral by UBS.(F) is valued at fair value following procedures approved by the Investment Advisor.Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 29("FRS 29"), "Improving Disclosures about Financial Instruments” based on thesecurities' valuation inputs.

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013OTC INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.07%)Upfrontpremiumreceived/(paid)The accompanying notes form an integral part of these financial statements.Payments madeby Fundper annumPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)GBPSwapCounterpartyNotionalAmountTerminationDate% ofFundBank of America N.A.CAD 3,327,000 GBP- 18/01/2023 3 month CAD-BA-CDOR 2.9675% GBP (31,321) (0.01)CAD 4,231,000 - 27/02/2023 3.20% 3 month CAD-BA-CDOR (2,365) -CAD 4,984,000 - 31/10/2023 2.9075% 3 month CAD-BA-CDOR 57,478 0.02CAD 1,890,000 - 01/01/2023 2.9275% 3 month CAD-BA-CDOR 20,012 0.01CAD 1,381,000 - 05/02/2018 3 month CAD-BA-CDOR 2.1125% (5,462) -CAD 1,242,000 - 09/02/2023 3 month CAD-BA-CDOR 3.06% (7,079) -CAD 2,960,000 - 11/02/2023 3.0207% 3 month CAD-BA-CDOR 22,911 0.01CAD 2,238,000 - 19/02/2023 3 month CAD-BA-CDOR 3.135% (5,233) -CAD 1,199,000 - 20/02/2023 3.10% 3 month CAD-BA-CDOR 4,987 -CAD 1,060,000 - 24/02/2023 3.12875% 3 month CAD-BA-CDOR 3,129 -Barclays Bank PLCAUD 945,500 - 27/01/2023 6 month AUD-BBR-BBSW 4.57% 860 -AUD 1,343,000 - 19/02/2023 4.56% 6 month AUD-BBR-BBSW 684 -AUD 1,118,000 - 16/02/2023 4.6275% 6 month AUD-BBR-BBSW (2,969) -AUD 1,279,000 - 19/02/2023 4.555% 6 month AUD-BBR-BBSW 935 -AUD 1,061,000 - 23/02/2023 4.6165% 6 month AUD-BBR-BBSW (1,911) -AUD 531,000 - 23/02/2023 4.618% 6 month AUD-BBR-BBSW (991) -AUD 1,055,000 - 31/12/2023 4.65425% 6 month AUD-BBR-BBSW (3,406) -AUD 1,055,000 (E) - 06/01/2024 4.6275% 6 month AUD-BBR-BBSW (1,798) -AUD 1,583,000 (E) - 06/01/2024 4.61% 6 month AUD-BBR-BBSW (1,458) -CHF 1,593,000 - 18/01/2023 1.492% 6 month CHF-LIBOR-BBA 10,691 -CHF 2,145,000 - 05/02/2023 1.489% 6 month CHF-LIBOR-BBA 16,461 -EUR 52,437,000 (E) - 03/08/20171 month EUR-EONIA-OIS-COMPOUND 1.41727% 117,619 0.04GBP 2,860,000 - 15/08/2031 3.6% 6 month GBP-LIBOR-BBA (119,294) (0.05)Credit Suisse InternationalAUD 8,557,000 - 18/01/2023 6 month AUD-BBR-BBSW 4.545% 1,168 -AUD 1,312,750 - 16/02/2023 4.63% 6 month AUD-BBR-BBSW (3,636) -CHF 1,618,000 - 22/10/2023 6 month CHF-LIBOR-BBA 1.51875% (5,937) -CHF 2,422,000 - 19/01/2023 1.4775% 6 month CHF-LIBOR-BBA 18,577 0.01CHF 1,327,000 - 20/01/2023 1.47% 6 month CHF-LIBOR-BBA 10,841 -CHF 966,000 - 04/02/2023 1.4675% 6 month CHF-LIBOR-BBA 8,686 -CHF 4,790,000 - 18/07/2023 1.4925% 6 month CHF-LIBOR-BBA 22,491 0.01CHF 3,082,000 - 19/02/2023 1.5825% 6 month CHF-LIBOR-BBA 7,441 -CHF 354,000 - 19/02/2023 6 month CHF-LIBOR-BBA 1.5825% (855) -SEK 8,850,000 - 28/01/2023 3 month SEK-STIBOR-SIDE 2.635% (15,818) -SEK 6,300,000 - 19/02/2023 3 month SEK-STIBOR-SIDE 2.69% (8,981) -SEK 9,320,000 - 23/02/2023 3 month SEK-STIBOR-SIDE 2.81% (4,271) -Goldman Sachs InternationalAUD 4,494,000 - 18/01/2023 6 month AUD-BBR-BBSW 4.545% 613 -AUD 611,000 - 20/01/2023 6 month AUD-BBR-BBSW 4.535% (230) -CAD 2,154,000 - 30/05/2023 2.534% 3 month CAD-BA-CDOR 58,744 0.02CHF 5,300,000 - 02/07/2023 6 month CHF-LIBOR-BBA 1.515% 8,190 -CHF 5,300,000 - 03/07/2023 6 month CHF-LIBOR-BBA 1.5275% 12,358 -CHF 945,000 - 03/09/2023 6 month CHF-LIBOR-BBA 1.585% 2,789 -CHF 4,854,000 - 21/10/2023 6 month CHF-LIBOR-BBA 1.55% (7,992) -CHF 2,700,000 - 07/01/2023 1.475% 6 month CHF-LIBOR-BBA 19,515 0.01CHF 4,790,000 - 08/01/2023 6 month CHF-LIBOR-BBA 1.465% (37,878) (0.02)EUR 115,277,000 (E) - 06/08/20171 month EUR-EONIA-OIS-COMPOUND 1.102% (48,842) (0.02)EUR 33,009,000 - 30/08/20141 year EUR-EONIA-OIS-COMPOUND 0.11% (5,784) -EUR 33,009,000 - 30/08/2014 0.309%3 month EUR-EURIBOR-REUTERS (31,970) (0.01)EUR 33,009,000 - 31/08/20141 year EUR-EONIA-OIS-COMPOUND 0.11% (5,715) -EUR 33,009,000 - 31/08/2014 0.314%3 month EUR-EURIBOR-REUTERS (33,545) (0.01)EUR 33,009,000 - 03/09/20141 year EUR-EONIA-OIS-COMPOUND 0.086% (12,426) -Putnam World Trust 61

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013OTC INTEREST RATE SWAP CONTRACTS OUTSTANDING cont.Upfrontpremiumreceived/(paid)Payments madeby Fundper annumPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)GBPSwapCounterpartyNotionalAmountTerminationDate% ofFundGoldman Sachs International cont.3 month EUR-EURIBOR-EUR 33,009,000 - 03/09/2014 0.283%REUTERS GBP (24,548) (0.01)GBP 2,860,000 - 23/09/2031 6 month GBP-LIBOR-BBA 3.1175% (87,765) (0.04)3 month KRW-CD-KSDA-KRW 4,280,000,000 - 12/07/2018 3.07%BLOOMBERG 2,005 -KRW 10,160,000,000 - 12/07/20153 month KRW-CD-KSDA-BLOOMBERG 2.771% 1,711 -SEK 6,539,000 - 14/10/2023 2.84% 3 month SEK-STIBOR-SIDE (1,274) -SEK 10,460,000 - 29/01/2023 3 month SEK-STIBOR-SIDE 2.60% (21,792) (0.01)SEK 8,600,000 - 06/02/2023 3 month SEK-STIBOR-SIDE 2.72125% (9,592) -JPMorgan Chase Bank N.A.AUD 1,520,000 - 19/01/2023 4.505% 6 month AUD-BBR-BBSW 2,550 -AUD 810,250 - 13/02/2023 4.6375% 6 month AUD-BBR-BBSW (2,600) -AUD 1,075,000 - 18/02/2023 4.5925% 6 month AUD-BBR-BBSW (1,087) -CAD 7,977,000 - 26/02/2018 3 month CAD-BA-CDOR 1.65% (66,760) (0.03)CAD 1,512,000 - 06/08/2023 3 month CAD-BA-CDOR 3.01625% (2,931) -CAD 3,416,000 - 17/09/2023 3 month CAD-BA-CDOR 3.23% 23,755 0.01CAD 1,603,000 - 06/01/2023 3 month CAD-BA-CDOR 3.003% (11,226) -CAD 872,000 - 26/01/2023 3 month CAD-BA-CDOR 2.955% (9,070) -CAD 1,430,000 - 05/02/2023 3 month CAD-BA-CDOR 3.065% (7,475) -CAD 1,272,000 - 13/02/2023 3 month CAD-BA-CDOR 3.076% (6,402) -CAD 1,272,000 - 13/02/2023 3 month CAD-BA-CDOR 3.063% (7,238) -CAD 1,073,000 - 17/02/2023 3 month CAD-BA-CDOR 3.072% (5,847) -SEK 12,658,000 - 12/01/2023 2.745% 3 month SEK-STIBOR-SIDE 10,035 -SEK 8,470,000 - 23/02/2023 3 month SEK-STIBOR-SIDE 2.80% (4,583) -ZAR 91,774,000 - 10/07/2015 5.90% 3 month ZAR-JIBAR-SAFEX (11,597) -ZAR 41,272,000 - 10/07/2018 3 month ZAR-JIBAR-SAFEX 7.11% 832 -Unrealised Appreciation on OTC Interest Rate Swap Contracts Outstanding GBP 468,068 0.14Unrealised Depreciation on OTC Interest Rate Swap Contracts Outstanding GBP (688,954) (0.21)Net Unrealised Appreciation on OTC Interest Rate Swap Contracts Outstanding GBP (220,886) (0.07)(E) See Note 2 to the financial statements regarding extended effective dates.CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (0.13%)NotionalAmountUpfrontpremiumreceived/(paid)TerminationDatePayments madeby Fundper annumPayments receivedby Fundper annum6 month EUR-EURIBOR-UnrealisedAppreciation/(Depreciation)GBPEUR 1,923,000 GBP (21) 09/12/2023 2.044%REUTERS GBP 12,751 -6 month EUR-EURIBOR-EUR 2,617,000 (16) 03/09/2023 2.1825%REUTERS (28,050) (0.01)6 month EUR-EURIBOR-EUR 3,197,000 (20) 17/07/2023 1.918%REUTERS 21,084 0.016 month EUR-EURIBOR-EUR 2,447,000 (15) 17/07/2023 1.906%REUTERS 18,447 0.011 month EUR-EONIA-OIS-EUR 1,768,000 (E) (6) 03/09/2017COMPOUND 1.53% 4,797 -6 month EUR-EURIBOR-EUR 4,830,000 (29) 21/10/2023REUTERS 2.168% 30,398 0.016 month EUR-EURIBOR-EUR 3,852,000 (23) 05/12/2023 1.9825%REUTERS 42,657 0.016 month EUR-EURIBOR-EUR 1,060,000 (6) 20/12/2023REUTERS 2.052% (7,396) -6 month EUR-EURIBOR-EUR 39,600,000 (E) (74) 04/12/2016REUTERS 0.926% (65,212) (0.02)6 month EUR-EURIBOR-EUR 3,327,000 (20) 05/12/2023 1.9885%REUTERS 35,311 0.016 month EUR-EURIBOR-EUR 847,000 (5) 09/12/2023 2.095%REUTERS 2,270 -EUR 12,621,000 (E) (77) 18/07/2023% ofFund6 month EUR-EURIBOR-REUTERS 2.932% (49,147) (0.01)The accompanying notes form an integral part of these financial statements.62 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING cont.Upfrontpremiumreceived/(paid)Payments madeby Fundper annumPayments receivedby FundUnrealisedAppreciation/(Depreciation)GBPNotionalTermination% ofAmountDateper annumFund6 month EUR-EURIBOR-EUR 4,290,000 GBP (26) 18/12/2023 2.05%REUTERS GBP 29,827 0.01GBP 740,000 (5) 19/12/2023 2.90% 6 month GBP-LIBOR-BBA 5,090 -JPY 587,446,000 (71) 12/07/2043 2.024375% 6 month JPY-LIBOR-BBA (138,638) (0.05)JPY 183,831,000 (21) 03/10/2043 6 month JPY-LIBOR-BBA 1.8425% (9,984) -JPY 2,827,086,000 (77) 12/07/2018 6 month JPY-LIBOR-BBA 0.5175% 144,977 0.04JPY 293,723,000 (35) 18/07/2043 1.9825% 6 month JPY-LIBOR-BBA (50,921) (0.02)JPY 1,413,543,000 (38) 18/07/2018 6 month JPY-LIBOR-BBA 0.4825% 57,323 0.02JPY 2,120,314,500 (56) 28/08/2018 0.4475% 6 month JPY-LIBOR-BBA (56,923) (0.02)JPY 442,352,000 (11) 03/10/2018 0.403% 6 month JPY-LIBOR-BBA (4,753) -JPY 220,600,000 (26) 15/10/2043 6 month JPY-LIBOR-BBA 1.73% (48,370) (0.01)6 month EUR-EURIBOR-EUR 39,600,000 (E) (124) 25/11/2016REUTERS 0.915% (63,288) (0.02)6 month EUR-EURIBOR-EUR 39,600,000 (E) (124) 25/11/2016REUTERS 0.925% (59,998) (0.02)6 month EUR-EURIBOR-EUR 39,600,000 (E) (107) 05/12/2016REUTERS 0.918% (67,877) (0.02)6 month EUR-EURIBOR-EUR 248,000 (E) (2) 19/07/2023REUTERS 2.92% (1,084) -6 month EUR-EURIBOR-EUR 3,418,000 (38) 02/01/2024REUTERS 2.1675% 3,824 -JPY 442,352,000 (22) 03/10/2018 0.403% 6 month JPY-LIBOR-BBA (4,764) -JPY 183,831,000 (39) 03/10/2043 6 month JPY-LIBOR-BBA 1.843% (9,875) -6 month EUR-EURIBOR-EUR 11,400,000 (E) (109) 02/07/2023 2.895%Telerate 55,389 0.026 month EUR-EURIBOR-EUR 11,400,000 (E) (109) 03/07/2023 2.89%REUTERS 57,662 0.026 month EUR-EURIBOR-EUR 20,994,000 (239) 15/07/2023 1.945%REUTERS 92,333 0.036 month EUR-EURIBOR-EUR 2,208,000 (E) (21) 03/09/2023 3.0925%REUTERS (1,910) -6 month EUR-EURIBOR-EUR 1,665,000 (18) 02/01/2024REUTERS 2.171% 2,305 -6 month EUR-EURIBOR-EUR 39,600,000 (E) (124) 27/11/2016REUTERS 0.942% GBP (56,051) (0.02)6 month EUR-EURIBOR-EUR 2,039,000 (22) 06/12/2023 2.028%REUTERS 15,532 -6 month EUR-EURIBOR-EUR 1,069,000 (12) 09/12/2023 2.092%REUTERS 3,110 -6 month EUR-EURIBOR-EUR 1,679,000 (19) 11/12/2023 2.09%REUTERS 5,416 -6 month EUR-EURIBOR-EUR 1,927,000 (21) 12/12/2023 2.081%REUTERS 7,797 -6 month EUR-EURIBOR-EUR 1,028,000 (11) 16/12/2023 2.068%REUTERS 5,565 -1 month EUR-EONIA-OIS-EUR 46,453,000 (E) (218) 20/09/2017 1.015%COMPOUND 80,438 0.026 month EUR-EURIBOR-EUR 8,374,000 (93) 20/12/2023REUTERS 2.037% (68,171) (0.02)6 month EUR-EURIBOR-EUR 1,712,000 (19) 02/01/2024REUTERS 2.166% 1,716 -USD 13,653,700 (E) (95) 21/11/2023 3 month USD-LIBOR-BBA 4.22125% (123,196) (0.04)USD 19,388,300 (E) (67) 21/11/2018 2.1525% 3 month USD-LIBOR-BBA 140,784 0.04USD 27,434,000 (E) 81,749 19/03/2019 3 month USD-LIBOR-BBA 1.90% 110,079 0.03USD 424,000 (17) 25/09/2023 3 month USD-LIBOR-BBA 2.92% (558) -USD 19,388,300 (E) (97) 20/11/2018 2.14% 3 month USD-LIBOR-BBA 143,446 0.04USD 13,653,700 (E) (95) 20/11/2023 3 month USD-LIBOR-BBA 4.255% (111,488) (0.03)USD 94,457,600 (E) 679,471 19/03/2019 3 month USD-LIBOR-BBA 2.00% 499,791 0.16USD 146,770,200 (E) 433,983 19/03/2016 3 month USD-LIBOR-BBA 0.75% 145,928 0.05USD 3,972,200 (E) 36,586 19/03/1944 3 month USD-LIBOR-BBA 3.75% (59,556) (0.02)USD 83,909,600 (E) 838,221 19/03/2024 3 month USD-LIBOR-BBA 3.25% 502,774 0.16USD 266,500,000 (E) (528) 05/12/2016 3 month USD-LIBOR-BBA 1.237% 512,854 0.16USD 2,449,000 (E) 7,008 19/03/2024 3 month USD-LIBOR-BBA 3.15% 10,455 -The accompanying notes form an integral part of these financial statements.Putnam World Trust 63

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING cont.Upfrontpremiumreceived/(paid)Payments madeby Fundper annumPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)GBPNotionalTermination% ofAmountDateFundGBP 6,702,000 (E) GBP 51,792 19/03/2024 6 month GBP-LIBOR-BBA 3.00% GBP 93,075 0.03EUR 2,415,000 (27) 22/10/20236 month EUR-EURIBOR-REUTERS 2.125% 7,015 -Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding GBP 2,902,220 0.88Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding GBP (1,087,210) (0.33)Net Unrealised Appreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding GBP 1,815,010 0.55Variation Margin Settlement to Date GBP (1,392,302) (0.42)Cumulative Unrealised less Variation Margin Settlement to Date GBP 422,708 0.13(E) See Note 2 to the financial statements regarding extended effective dates.WRITTEN SWAPTIONS OUTSTANDING (-0.01)%)Fixed obligation % to receive or(pay)/Floating rate index/Maturity dateExpiration date/strike priceContractValueCredit Suisse International(1.5775)/3 month USD-LIBOR-BBA/May-19 May-14/USD 1.5775 USD 25,600,700 GBP (20,871) (0.01)Total Written Swaptions Outstanding GBP (20,871) (0.01)OTC CREDIT DEFAULT CONTRACTS OUTSTANDING (-0.06%)Swap Counterparty/Referenced debt*UpfrontPremiumReceived/(paid)**CurrencyNotionalAmountTerminationDateFixed paymentsReceived (paid)by Fundper annumValueGBPUnrealisedAppreciation/(Depreciation)GBPBank of America N.A.CMBX NA BBB Index GBP 3,324 USD 73,000 11/05/2063 300 bp GBP 2,623 -CMBX NA BBB Index 6,630 167,000 11/05/2063 300 bp 5,025 -CMBX NA BBB Index 13,624 335,000 11/05/2063 300 bp 10,405 -CMBX NA BBB Index 13,046 346,000 11/05/2063 300 bp 9,721 -Barclays Bank PLCCMBX NA BBB Index 20,413 286,000 11/05/2063 300 bp 17,665 0.01Irish Gov't, 4.50%, 4/18/2020 (16,498) 335,000 20/09/2017 (100 bp) (17,345) (0.01)Obrigacoes Do Tesouro, 5.45%, 9/23/13 (33,597) 335,000 20/09/2017 (100 bp) (19,907) (0.01)Citibank, N.A.EM Series 11 Index (169,883) 9,280,000 20/06/2014 (500 bp) (244,263) (0.06)Credit Suisse InternationalCMBX NA BBB Index 1,150 91,000 11/05/2063 300 bp 275 -CMBX NA BBB Index 909 180,000 11/05/2063 300 bp (820) -CMBX NA BBB Index 12,239 240,000 11/05/2063 300 bp 9,932 -CMBX NA BBB Index 21,918 300,000 11/05/2063 300 bp 19,035 0.02CMBX NA BBB Index 15,260 300,000 11/05/2063 300 bp 12,376 -CMBX NA BBB Index 15,013 301,000 11/05/2063 300 bp 12,120 -CMBX NA BBB Index 12,865 301,000 11/05/2063 300 bp 9,973 -CMBX NA BBB Index 6,169 305,000 11/05/2063 300 bp 3,238 -CMBX NA BBB Index 3,549 305,000 11/05/2063 300 bp 618 -CMBX NA BBB Index 2,374 314,000 11/05/2063 300 bp (643) -CMBX NA BBB Index 3,242 323,000 11/05/2063 300 bp 138 -CMBX NA BBB Index 16,989 353,000 11/05/2063 300 bp 13,597 -CMBX NA BBB Index 25,459 510,000 11/05/2063 300 bp 20,559 0.02CMBX NA BBB Index 16,498 615,000 11/05/2063 300 bp 10,589 -CMBX NA BBB Index 8,503 124,000 11/05/2063 300 bp 7,311 -CMBX NA BBB Index 6,530 223,000 11/05/2063 300 bp 4,387 -CMBX NA BBB Index 7,475 280,000 11/05/2063 300 bp 4,785 -Spain Gov't, 5.50%, 7/30/2017 (24,275) 335,000 20/09/2017 (100 bp) (22,544) (0.01)Deutsche Bank AGEM Series 11 Index (32,908) 2,190,000 20/06/2014 (500 bp) (50,461) (0.02)Unrealised Appreciation on OTC Credit Default Contracts Outstanding GBP 174,372 0.05Unrealised Depreciation on OTC Credit Default Contracts Outstanding GBP (355,983) (0.11)Net Unrealised Depreciation on OTC Credit Default Contracts Outstanding GBP (181,611) (0.06)% ofFund% ofFund* Payments related to the reference debt are made upon a credit default event.** Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.For information on the credit risks associated with Credit Default Swaps, please refer to Note 5(f) of the financial statements.The accompanying notes form an integral part of these financial statements.64 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.07%)SwapCounterpartyBank of America N.A.Barclays Bank PLCNotionalAmountUpfrontPremiumReceived/(paid)TerminationDateFixed PaymentsReceived (paid) byFund per annumUSD 512,444 GBP - 12/01/20414.00% (1 month USD-LIBOR)4.50% (1 month USD-1,935,569 - 12/01/2041LIBOR)231,738 - 12/01/20405.00% (1 month USD-LIBOR)5.00% (1 month USD-107,792 - 12/01/2041LIBOR)4.50% (1 month USD-2,914,733 - 12/01/2040LIBOR)4.00% (1 month USD-1,086,932 - 12/01/2042LIBOR)(6.50%) 1 month USD-6,442,451 - 12/01/2038LIBOR5.00% (1 month USD-5,242,596 - 12/01/2040LIBOR)5.00% (1 month USD-4,660,431 - 12/01/2041LIBOR)4.00% (1 month USD-10,627,306 - 12/01/2041LIBOR)4.00% (1 month USD-2,132,692 - 12/01/2041LIBOR)(6.50%) 1 month USD-16,769,117 - 12/01/2038LIBOR5.00% (1 month USD-18,953,664 - 12/01/2041LIBOR)4.00% (1 month USD-839,175 - 12/01/2040LIBOR)5.00% (1 month USD-980,937 - 12/01/2041LIBOR)6.00% (1 month USD-1,322,175 - 12/01/2039LIBOR)(6.50%) 1 month USD-14,414,012 - 12/01/2038LIBOR5.00% (1 month USD-15,339,892 - 12/01/2041LIBOR)4.00% (1 month USD-4,555,321 - 12/01/2040LIBOR)6.50% (1 month USD-141,135 - 12/01/2038LIBOR)5.00% (1 month USD-681,261 - 12/01/2041LIBOR)4.50% (1 month USD-1,543,230 - 12/01/2041LIBOR)5.00% (1 month USD-4,414,216 - 12/01/2041LIBOR)(6.50%) 1 month USD-1,766,523 - 12/01/2038LIBOR4.00% (1 month USD-2,426,362 - 12/01/2040LIBOR)5.00% (1 month USD-8,828,433 - 12/01/2041LIBOR)(6.50%) 1 month USD-6,083,715 - 12/01/2038LIBOR4.00% (1 month USD-4,166,077 - 12/01/2041LIBOR)5.00% (1 month USD-614,327 - 12/01/2040LIBOR)4.50% (1 month USD-77,814 - 12/01/2040LIBOR)5.00% (1 month USD-2,487,656 - 12/01/2041LIBOR)Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBP% ofFundSynthetic TRS Index 4.00%30 year Fannie Mae pools GBP 1,137 -Synthetic TRS Index 4.50%30 year Fannie Mae pools 9,904 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 272 -Synthetic MBX Index 5.00%30 year Ginnie Mae II pools 126 -Synthetic MBX Index 4.50%30 year Fannie Mae pools (3,647) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 2,002 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (9,443) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 6,147 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 5,464 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 23,586 0.02Synthetic TRS Index 4.00%30 year Fannie Mae pools 4,733 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (24,580) (0.02)Synthetic MBX Index 5.00%30 year Fannie Mae pools 22,222 0.02Synthetic MBX Index 4.00%30 year Fannie Mae pools (1,580) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 1,150 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 6,411 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (21,128) (0.02)Synthetic MBX Index 5.00%30 year Fannie Mae pools 17,985 0.01Synthetic MBX Index 4.00%30 year Fannie Mae pools (8,575) -Synthetic TRS Index 6.50%30 year Fannie Mae pools 560 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 799 -Synthetic TRS Index 4.50%30 year Fannie Mae pools 7,897 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 5,175 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (2,589) -Synthetic MBX Index 4.00%30 year Fannie Mae pools (4,567) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 10,351 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (8,917) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 9,246 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 720 -Synthetic MBX Index 4.50%30 year Fannie Mae pools (97) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 2,917 -The accompanying notes form an integral part of these financial statements.Putnam World Trust 65

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.SwapCounterpartyBarclays Bank PLC cont.Citibank, N.A.NotionalAmountUpfrontPremiumReceived/(paid)TerminationDateFixed PaymentsReceived (paid) byFund per annumUSD 202,728 GBP - 12/01/20405.00% (1 month USD-LIBOR)5.00% (1 month USD-658,012 - 12/01/2040LIBOR)5.00% (1 month USD-477,127 - 12/01/2040LIBOR)(6.50%) 1 month USD-12,006,149 - 12/01/2038LIBOR(6.00%) 1 month USD-5,065,605 - 12/01/2039LIBOR(5.50%) 1 month USD-1,821,571 - 12/01/2039LIBOR(5.50%) 1 month USD-910,785 - 12/01/2039LIBOR(5.50%) 1 month USD-910,785 - 12/01/2039LIBOR(5.50%) 1 month USD-1,827,851 - 12/01/2039LIBOR(5.50%) 1 month USD-4,747,253 - 12/01/2039LIBOR(5.50%) 1 month USD-1,827,851 - 12/01/2039LIBOR5.00% (1 month USD-1,127,385 - 12/01/2041LIBOR)5.00% (1 month USD-714,881 - 12/01/2041LIBOR)6.50% (1 month USD-974,921 - 12/01/2038LIBOR)6.50% (1 month USD-139,911 - 12/01/2038LIBOR)(5.50%) 1 month USD-3,649,421 - 12/01/2039LIBOR(5.00%) 1 month USD-3,211,588 - 12/01/2041LIBOR(6.50%) 1 month USD-3,245,323 - 12/01/2038LIBORTotal ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBP% ofFundSynthetic MBX Index 5.00%30 year Fannie Mae pools GBP 238 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 772 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 559 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (17,598) (0.01)Synthetic MBX Index 6.00%30 year Fannie Mae pools (18,083) (0.01)Synthetic MBX Index 5.50%30 year Fannie Mae pools (6,382) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (3,191) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (3,191) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (6,404) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (16,632) (0.01)Synthetic MBX Index 5.50%30 year Fannie Mae pools (6,404) -Synthetic TRS Index 5.00%30 year Ginnie Mae II pools 3,186 -Synthetic TRS Index 5.00%30 year Ginnie Mae II pools 2,020 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 3,872 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 556 -Synthetic MBX Index 5.50%30 year Fannie Mae pools (12,786) -Synthetic TRS Index 5.00%30 year Fannie Mae pools (20,892) (0.02)Synthetic MBX Index 6.50%30 year Fannie Mae pools (4,757) -Credit Suisse International2,586,731 - 12/01/20415.00% (1 month USD-LIBOR)5.00% (1 month USD-6,227,969 - 12/01/2041LIBOR)(4.50%) 1 month USD-3,426,988 - 12/01/2041LIBOR9,808,092 - 12/01/20414.50% (1 month USD-LIBOR)(6.50%) 1 month USD-1,558,272 - 12/01/2038LIBOR(4.00%) 1 month USD-5,809,947 - 12/01/2041LIBOR(4.00%) 1 month USD-5,091,176 - 12/01/2041LIBOR(4.00%) 1 month USD-2,518,351 - 12/01/2041LIBOR(4.00%) 1 month USD-2,414,705 - 12/01/2041LIBOR(4.50%) 1 month USD-1,783,238 - 12/01/2041LIBOR(4.00%) 1 month USD-1,787,046 - 12/01/2041LIBOR5.00% (1 month USD-2,340,164 - 12/01/2041LIBOR)Synthetic MBX Index 5.00%30 year Fannie Mae pools 3,033 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 7,302 -Synthetic TRS Index 4.50%30 year Fannie Mae pools (17,536) (0.01)Synthetic MBX Index 4.50%30 year Ginnie Mae II pools 1,602 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (2,284) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (12,895) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (11,299) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (5,589) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (5,359) -Synthetic TRS Index 4.50%30 year Fannie Mae pools (9,125) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (3,966) -Synthetic TRS Index 5.00%30 year Ginnie Mae II pools 6,613 -The accompanying notes form an integral part of these financial statements.66 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.UpfrontPremiumReceived/(paid)Fixed PaymentsReceived (paid) byFund per annumSwapCounterpartyNotionalAmountTerminationDateCredit Suisse International cont.(5.00%) 1 month USD-USD 2,341,497 GBP - 12/01/2041LIBOR(5.00%) 1 month1,245,299 - 12/01/2041 USD-LIBOR4.00% (1 month USD-1,707,504 - 12/01/2041LIBOR)Deutsche Bank AGGoldman Sachs International(6.50%) 1 month USD-1,558,272 - 12/01/2038LIBOR3,701,897 - 12/01/20386.50% (1 month USD-LIBOR)6.50% (1 month USD-2,855,644 - 12/01/2038LIBOR)6.00% (1 month USD-9,394,948 - 12/01/2039LIBOR)6.50% (1 month USD-3,586,919 - 12/01/2038LIBOR)4.00% (1 month USD-2,696,714 - 12/01/2042LIBOR)4.00% (1 month USD-2,696,714 - 12/01/2042LIBOR)4.00% (1 month USD-2,924,739 - 12/01/2041LIBOR)(6.50%) 1 month USD-5,017,523 - 12/01/2038LIBOR(6.50%) 1 month USD-1,884,952 - 12/01/2038LIBOR4.00% (1 month USD-2,551,132 - 12/01/2041LIBOR)4.50% (1 month USD-2,861,506 - 12/01/2041LIBOR)4.00% (1 month USD-2,435,028 - 12/01/2040LIBOR)6.00% (1 month USD-252,541 - 12/01/2039LIBOR)6.00% (1 month USD-3,894,816 - 12/01/2039LIBOR)4.00% (1 month USD-4,774,936 - 12/01/2041LIBOR)4.00% (1 month USD-3,920,220 - 12/01/2041LIBOR)(6.50%) 1 month USD-6,873,425 - 12/01/2038LIBOR(6.50%) 1 month USD-269,136 - 12/01/2038LIBOR(6.50%) 1 month USD-717,695 - 12/01/2038LIBOR6.50% (1 month USD-806,851 - 12/01/2038LIBOR)6.50% (1 month USD-4,056,960 - 12/01/2038LIBOR)4.00% (1 month USD-2,329,225 - 12/01/2042LIBOR)4.00% (1 month USD-4,006,529 - 12/01/2042LIBOR)6.00% (1 month USD-6,593,900 - 12/01/2039LIBOR)4.50% (1 month USD-1,703,974 - 12/01/2041LIBOR)10,603,000 - 09/08/2018 2.2575%Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBP% ofFundSynthetic TRS Index 5.00%30 year Fannie Mae pools GBP (15,232) -Synthetic TRS Index 5.00%30 year Fannie Mae pools (8,101) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 3,790 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (2,284) -Synthetic TRS Index 6.50%30 year Fannie Mae pools 14,702 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 11,341 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 45,556 0.02Synthetic TRS Index 6.50%30 year Fannie Mae pools 14,246 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 4,966 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 4,966 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 6,491 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (7,354) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (2,763) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 5,662 -Synthetic TRS Index 4.50%30 year Fannie Mae pools 14,642 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 6,096 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 1,225 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 18,886 0.02Synthetic TRS Index 4.00%30 year Fannie Mae pools 10,598 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 8,701 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (10,075) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (395) -Synthetic MBX Index 6.50%30 year Fannie Mae pools (1,052) -Synthetic TRS Index 6.50%30 year Fannie Mae pools 3,204 -Synthetic TRS Index 6.50%30 year Fannie Mae pools 16,112 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 4,289 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 7,378 -Synthetic TRS Index 6.00%30 year Fannie Mae pools 31,974 0.02Synthetic TRS Index 4.50%30 year Fannie Mae pools 8,719 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) 72,084 0.03The accompanying notes form an integral part of these financial statements.Putnam World Trust 67

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.SwapNotionalCounterpartyAmountGoldman Sachs International cont.UpfrontPremiumReceived/(paid)TerminationDateFixed PaymentsReceived (paid) byFund per annumTotal ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)GBPUSD 10,603,000 GBP - 15/08/2018 2.225%USA Non Revised ConsumerPrice Index- Urban (CPI-U) GBP 61,842 0.03JPMorgan Chase Bank N.A.1,642,424 - 12/01/20414.00% (1 month USD-LIBOR)Synthetic TRS Index 4.00%30 year Fannie Mae pools 3,645 -1,160,633 - 12/01/20414.50% (1 month USD-LIBOR)Synthetic TRS Index 4.50%30 year Fannie Mae pools 5,939 -334,077 - 12/01/2041(4.00%) 1 month USD-LIBORSynthetic TRS Index 4.00%30 year Fannie Mae pools (741) -Unrealised Appreciation on OTC Total Return Contracts Outstanding GBP 555,611 0.17Unrealised Depreciation on OTC Total Return Contracts Outstanding GBP (317,493) (0.10)Net Unrealised Appreciation on OTC Total Return Contracts Outstanding GBP 238,118 0.07FUTURES CONTRACTS (-%)Number ofContractsLong/(Short)UnrealisedAppreciation/(Depreciation)GBPCounterparty(7) Euro-Bobl 5 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated GBP 7,894 -(13) Euro-Bund 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 24,273 0.01(5) Euro-Buxl 30 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 8,962 -(9) Japanese Government Bond 10 yr Mini Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 4,263 -9 U.S. Treasury Bond 30 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (11,645) -(4) U.S. Treasury Note 5 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 3,694 -97 U.S. Treasury Note 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (122,869) (0.04)Unrealised Appreciation on Futures Contracts GBP 49,086 0.01Unrealised Depreciation on Futures Contracts GBP (134,514) (0.04)Net Unrealised Depreciation on Futures Contracts GBP (85,428) (0.03)Variation margin settlement to date GBP 86,287 0.03Cumulative unrealised less variation margin settlement to date GBP 859 -TBA SALES COMMITMENTS OUTSTANDING (-70.37%)PrincipalAmountsCouponRate%SettlementDate% ofFund% ofFundValue % ofGBP FundGBP(58,494,563) (17.64)USD (94,000,000) Federal National Mortgage Association 4.00 01/01/2044(98,000,000) Federal National Mortgage Association 3.50 01/01/2044 (58,838,399) (17.74)(13,000,000) Federal National Mortgage Association 3.00 01/01/2044 (7,460,408) (2.25)(94,000,000) Government National Mortgage Association 4.00 01/01/2044 (59,071,080) (17.81)(42,000,000) Government National Mortgage Association 3.50 01/01/2044 (25,598,884) (7.72)(41,000,000) Government National Mortgage Association 3.00 01/01/2044 (23,915,843) (7.21)Total TBA Sales Commitments Outstanding GBP (233,379,177) (70.37)The accompanying notes form an integral part of these financial statements.68 Putnam World Trust

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD PREMIUM SWAP OPTION CONTRACTS OUTSTANDING (0.02%)The accompanying notes form an integral part of these financial statements.Expiration date/strike priceContractValueUnrealisedAppreciation/(Depreciation)GBPOption on an interest rate swap with Goldman Sachs International for the right to pay a fixed rateof 1.18 % versus the three month USD-LIBOR-BBA maturing May 2017. May-14/USD 1.18 USD 39,376,000 GBP 54,691 0.02Option on an interest rate swap with Goldman Sachs International for the right to pay a fixed rateof 1.1925 % versus the three month USD-LIBOR-BBA maturing May 2017. May-14/1.1925 39,376,000 53,739 0.02Option on an interest rate swap with Goldman Sachs International for the right to receive a fixedrate of 1.035 % versus the six month EUR EURIBOR maturing May 2017. May-14/EUR 1.035 EUR 31,487,000 (17,264) (0.01)Option on an interest rate swap with Goldman Sachs International for the right to receive a fixedrate of 1.029 % versus the six month EUR EURIBOR maturing May 2017. May-14/1.029 31,487,000 (24,066) (0.01)Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to pay a fixed rateof 1.155 % versus the three month USD-LIBOR-BBA maturing May 2017. May-14/USD 1.155 USD 31,501,000 42,611 0.01Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to receive a fixedrate of 2.777 % versus the three month USD-LIBOR-BBA maturing May 2024. May-14/2.777 12,800,400 (62,149) (0.02)Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to pay a fixed rateof 1.6 % versus the three month USD-LIBOR-BBA maturing May 2019. May-14/1.60 25,600,700 64,004 0.02Option on an interest rate swap with JPMorgan Chase Bank N.A. for the right to receive a fixedrate of 1.004 % versus the six month EUR EURIBOR maturing May 2017. May-14/EUR 1.004 EUR 23,615,000 (19,030) (0.01)Unrealised Appreciation on Forward Premium Swap Option Contracts Outstanding GBP 215,045 0.07Unrealised Depreciation on Forward Premium Swap Option Contracts Outstanding GBP (122,509) (0.05)Net Appreciation on Forward Premium Swap Option Contracts Outstanding GBP 92,536 0.02FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (1.16%)ContracttypeDeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyBank of America, N.A.Brazilian Real Buy 03/01/2014 728,115 809,978 GBP (81,863) (0.03)Brazilian Real Buy 03/01/2014 188,262 206,053 (17,791) (0.01)Brazilian Real Sell 03/01/2014 775,571 803,779 28,208 0.01Brazilian Real Sell 03/01/2014 140,806 145,473 4,667 -Chilean Peso Buy 16/01/2014 1,118,091 1,211,150 (93,059) (0.04)Chilean Peso Buy 16/01/2014 745,394 801,304 (55,910) (0.02)Chilean Peso Buy 16/01/2014 115,882 121,026 (5,144) -Chilean Peso Sell 16/01/2014 778,308 808,625 30,317 0.01Chilean Peso Sell 16/01/2014 1,172,286 1,215,353 43,067 0.01Chilean Peso Sell 16/01/2014 28,772 29,957 1,185 -Singapore Dollar Buy 19/02/2014 786,585 820,560 (33,975) (0.01)Singapore Dollar Buy 19/02/2014 7,420 7,638 (218) -Singapore Dollar Sell 19/02/2014 927,607 972,574 44,967 0.01Swiss Franc Sell 19/03/2014 785,121 780,842 (4,279) -US Dollar Buy 03/01/2014 780,384 803,779 (23,395) (0.01)US Dollar Buy 03/01/2014 142,421 145,473 (3,052) -US Dollar Buy 16/01/2014 785,376 808,625 (23,249) (0.01)US Dollar Buy 16/01/2014 1,175,271 1,215,353 (40,082) (0.01)US Dollar Buy 16/01/2014 28,933 29,957 (1,024) -US Dollar Buy 19/02/2014 942,014 972,574 (30,560) (0.01)US Dollar Buy 19/03/2014 773,073 780,842 (7,769) -US Dollar Sell 03/01/2014 773,786 809,978 36,192 0.01US Dollar Sell 03/01/2014 200,341 206,053 5,712 -US Dollar Sell 16/01/2014 1,161,085 1,211,150 50,065 0.02US Dollar Sell 16/01/2014 779,208 801,304 22,096 0.01US Dollar Sell 16/01/2014 116,654 121,026 4,372 -US Dollar Sell 19/02/2014 796,899 820,560 23,661 0.01US Dollar Sell 19/02/2014 7,465 7,638 173 -Barclays Bank PLCAustralian Dollar Buy 16/01/2014 731,306 811,679 (80,373) (0.03)Australian Dollar Buy 16/01/2014 49,246 51,465 (2,219) -Australian Dollar Buy 16/01/2014 783,839 810,142 (26,303) (0.01)Australian Dollar Sell 16/01/2014 9,106 9,740 634 -Australian Dollar Sell 16/01/2014 6,789 7,398 609 -Australian Dollar Sell 16/01/2014 764,658 826,146 61,488 0.02Australian Dollar Sell 16/01/2014 778,720 793,001 14,281 -% ofFund% ofFundPutnam World Trust 69

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.70 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyBarclays Bank PLC cont.Australian Dollar Sell 16/01/2014 796,716 811,389 GBP 14,673 -Brazilian Real Buy 03/01/2014 430,455 472,365 (41,910) (0.01)Brazilian Real Buy 03/01/2014 728,090 809,950 (81,860) (0.03)Brazilian Real Buy 03/01/2014 1,092,147 1,209,967 (117,820) (0.05)Brazilian Real Buy 03/01/2014 1,331,089 1,333,183 (2,094) -Brazilian Real Sell 03/01/2014 1,337,386 1,428,646 91,260 0.03Brazilian Real Sell 03/01/2014 734,437 775,344 40,907 0.01Brazilian Real Sell 03/01/2014 734,386 776,597 42,211 0.01Brazilian Real Sell 03/01/2014 775,571 805,153 29,582 0.01Brazilian Real Sell 02/04/2014 1,303,605 1,310,803 7,198 -Canadian Dollar Buy 16/01/2014 783,373 821,563 (38,190) (0.01)Canadian Dollar Buy 16/01/2014 786,385 822,914 (36,529) (0.01)Canadian Dollar Buy 16/01/2014 791,500 817,175 (25,675) (0.01)Canadian Dollar Sell 16/01/2014 989,404 1,038,082 48,678 0.01Canadian Dollar Sell 16/01/2014 781,895 812,404 30,509 0.01Canadian Dollar Sell 16/01/2014 786,896 829,228 42,332 0.01Canadian Dollar Sell 16/01/2014 800,423 805,608 5,185 -Canadian Dollar Sell 16/01/2014 800,708 811,416 10,708 -Euro Buy 19/03/2014 267,808 267,558 250 -Euro Buy 19/03/2014 802,427 800,586 1,841 -Euro Sell 19/03/2014 798,686 809,313 10,627 -Japanese Yen Buy 19/02/2014 768,610 817,074 (48,464) (0.01)Japanese Yen Sell 19/02/2014 1,383,333 1,528,634 145,301 0.05Japanese Yen Sell 19/02/2014 757,612 819,935 62,323 0.02Japanese Yen Sell 19/02/2014 783,918 814,450 30,532 0.01Mexican Peso Buy 16/01/2014 803,679 817,662 (13,983) -Mexican Peso Sell 16/01/2014 778,247 802,075 23,828 0.01Norwegian Krone Buy 19/03/2014 33,288 33,478 (190) -Polish Zloty Buy 19/03/2014 408,249 404,615 3,634 -Singapore Dollar Buy 19/02/2014 1,568,096 1,638,857 (70,761) (0.02)Singapore Dollar Buy 19/02/2014 786,250 811,880 (25,630) (0.01)Singapore Dollar Sell 19/02/2014 2,346,926 2,460,612 113,686 0.03Singapore Dollar Sell 19/02/2014 7,420 7,623 203 -Swiss Franc Sell 19/03/2014 352,542 350,570 (1,972) -Turkish Lira Buy 19/03/2014 432,207 466,556 (34,349) (0.01)US Dollar Buy 19/03/2014 795,026 806,200 (11,174) -US Dollar Buy 19/03/2014 9,815 9,900 (85) -US Dollar Buy 03/01/2014 1,397,974 1,428,646 (30,672) (0.01)US Dollar Buy 03/01/2014 748,023 775,344 (27,321) (0.01)US Dollar Buy 03/01/2014 749,233 776,597 (27,364) (0.01)US Dollar Buy 03/01/2014 781,717 805,153 (23,436) (0.01)US Dollar Buy 16/01/2014 9,523 9,740 (217) -US Dollar Buy 16/01/2014 1,014,944 1,038,082 (23,138) (0.01)US Dollar Buy 16/01/2014 784,899 802,075 (17,176) (0.01)US Dollar Buy 16/01/2014 793,878 812,404 (18,526) (0.01)US Dollar Buy 16/01/2014 7,163 7,398 (235) -US Dollar Buy 16/01/2014 796,597 829,228 (32,631) (0.01)US Dollar Buy 16/01/2014 793,636 826,146 (32,510) (0.01)US Dollar Buy 16/01/2014 784,760 793,001 (8,241) -US Dollar Buy 16/01/2014 797,115 805,608 (8,493) -US Dollar Buy 16/01/2014 801,171 811,416 (10,245) -US Dollar Buy 16/01/2014 798,595 811,389 (12,794) -US Dollar Buy 19/02/2014 1,480,601 1,528,634 (48,033) (0.01)US Dollar Buy 19/02/2014 2,383,295 2,460,612 (77,317) (0.03)US Dollar Buy 19/02/2014 798,753 819,935 (21,182) (0.01)US Dollar Buy 19/02/2014 7,465 7,623 (158) -US Dollar Buy 19/02/2014 800,027 814,450 (14,423) -US Dollar Buy 19/03/2014 347,082 350,570 (3,488) -US Dollar Buy 19/03/2014 797,299 809,313 (12,014) -% ofFund

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.ValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyBarclays Bank PLC cont.US Dollar Buy 02/04/2014 1,294,492 1,310,803 GBP (16,311) -US Dollar Sell 03/01/2014 450,715 472,365 21,650 0.01US Dollar Sell 03/01/2014 773,585 809,950 36,365 0.01US Dollar Sell 03/01/2014 1,163,587 1,209,967 46,380 0.01US Dollar Sell 03/01/2014 1,321,316 1,333,183 11,867 -US Dollar Sell 16/01/2014 784,957 811,679 26,722 0.01US Dollar Sell 16/01/2014 792,269 817,662 25,393 0.01US Dollar Sell 16/01/2014 793,672 821,563 27,891 0.01US Dollar Sell 16/01/2014 797,675 822,914 25,239 0.01US Dollar Sell 16/01/2014 796,930 817,175 20,245 0.01US Dollar Sell 16/01/2014 49,997 51,465 1,468 -US Dollar Sell 16/01/2014 796,868 810,142 13,274 -US Dollar Sell 19/02/2014 1,589,046 1,638,857 49,811 0.02US Dollar Sell 19/02/2014 793,460 811,880 18,420 0.01US Dollar Sell 19/02/2014 798,543 817,074 18,531 0.01US Dollar Sell 19/03/2014 263,702 267,558 3,856 -US Dollar Sell 19/03/2014 33,085 33,478 393 -US Dollar Sell 19/03/2014 397,348 404,615 7,267 -US Dollar Sell 19/03/2014 450,538 466,556 16,018 -US Dollar Sell 19/03/2014 795,667 800,586 4,919 -US Dollar Sell 19/03/2014 34,520,786 34,961,400 440,614 0.14US Dollar Sell 19/03/2014 771,104 782,100 10,996 -US Dollar Sell 19/03/2014 23,078 23,400 322 -US Dollar Sell 19/03/2014 796,949 812,300 15,351 -US Dollar Sell 19/03/2014 799,492 807,700 8,208 -Citibank, N.A.Australian Dollar Buy 16/01/2014 66,110 70,707 (4,597) -Australian Dollar Buy 16/01/2014 35,991 39,647 (3,656) -Australian Dollar Sell 16/01/2014 4,957 5,415 458 -Australian Dollar Sell 16/01/2014 63,578 65,920 2,342 -Brazilian Real Buy 03/01/2014 691,691 768,396 (76,705) (0.03)Brazilian Real Buy 03/01/2014 1,092,147 1,209,967 (117,820) (0.05)Brazilian Real Buy 03/01/2014 714,165 715,288 (1,123) -Brazilian Real Sell 03/01/2014 202,800 216,735 13,935 -Brazilian Real Sell 03/01/2014 734,386 775,859 41,473 0.01Brazilian Real Sell 03/01/2014 775,494 802,365 26,871 0.01Brazilian Real Sell 03/01/2014 785,323 817,996 32,673 0.01Brazilian Real Sell 02/04/2014 699,419 703,629 4,210 -Canadian Dollar Buy 16/01/2014 31,089 32,565 (1,476) -Canadian Dollar Buy 16/01/2014 432,125 445,390 (13,265) -Canadian Dollar Sell 16/01/2014 112,649 118,401 5,752 -Canadian Dollar Sell 16/01/2014 781,270 810,594 29,324 0.01Euro Buy 19/03/2014 799,933 814,645 (14,712) -Japanese Yen Buy 19/02/2014 33,023 36,508 (3,485) -Japanese Yen Sell 19/02/2014 33,023 34,790 1,767 -Japanese Yen Sell 19/02/2014 782,008 811,105 29,097 0.01New Zealand Dollar Buy 16/01/2014 75,142 76,892 (1,750) -New Zealand Dollar Buy 16/01/2014 713,851 727,401 (13,550) -New Zealand Dollar Sell 16/01/2014 788,993 797,061 8,068 -Swiss Franc Sell 19/03/2014 1,501,116 1,492,820 (8,296) -Taiwan Dollar Buy 19/02/2014 984,316 1,029,589 (45,273) (0.01)Taiwan Dollar Buy 19/02/2014 495,653 505,211 (9,558) -Taiwan Dollar Sell 19/02/2014 1,415,371 1,495,290 79,919 0.02Taiwan Dollar Sell 19/02/2014 64,598 66,137 1,539 -US Dollar Buy 03/01/2014 212,082 216,735 (4,653) -US Dollar Buy 03/01/2014 748,521 775,859 (27,338) (0.01)US Dollar Buy 03/01/2014 779,011 802,365 (23,354) (0.01)US Dollar Buy 03/01/2014 785,739 817,996 (32,257) (0.01)US Dollar Buy 16/01/2014 115,761 118,401 (2,640) -% ofFundPutnam World Trust 71

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.72 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyCitibank, N.A cont.US Dollar Buy 16/01/2014 793,236 810,594 GBP (17,358) (0.01)US Dollar Buy 16/01/2014 5,247 5,415 (168) -US Dollar Buy 16/01/2014 778,525 797,061 (18,536) (0.01)US Dollar Buy 16/01/2014 64,542 65,920 (1,378) -US Dollar Buy 19/02/2014 1,438,143 1,495,290 (57,147) (0.02)US Dollar Buy 19/02/2014 34,071 34,790 (719) -US Dollar Buy 19/02/2014 65,270 66,137 (867) -US Dollar Buy 19/02/2014 796,742 811,105 (14,363) -US Dollar Buy 19/03/2014 1,477,966 1,492,820 (14,854) -US Dollar Buy 02/04/2014 694,873 703,629 (8,756) -US Dollar Sell 03/01/2014 738,404 768,396 29,992 0.01US Dollar Sell 03/01/2014 1,164,218 1,209,967 45,749 0.01US Dollar Sell 03/01/2014 709,280 715,288 6,008 -US Dollar Sell 16/01/2014 69,137 70,707 1,570 -US Dollar Sell 16/01/2014 38,409 39,647 1,238 -US Dollar Sell 16/01/2014 31,539 32,565 1,026 -US Dollar Sell 16/01/2014 74,670 76,892 2,222 -US Dollar Sell 16/01/2014 433,267 445,390 12,123 -US Dollar Sell 16/01/2014 704,215 727,401 23,186 0.01US Dollar Sell 19/02/2014 35,359 36,508 1,149 -US Dollar Sell 19/02/2014 997,089 1,029,589 32,500 0.01US Dollar Sell 19/02/2014 501,487 505,211 3,724 -US Dollar Sell 19/03/2014 800,242 814,645 14,403 -US Dollar Sell 19/03/2014 33,167,433 33,575,200 407,767 0.13Credit Suisse AGCanadian Dollar Buy 16/01/2014 775,472 828,151 (52,679) (0.02)Canadian Dollar Buy 16/01/2014 796,047 811,335 (15,288) -Canadian Dollar Sell 16/01/2014 138,453 145,545 7,092 -Canadian Dollar Sell 16/01/2014 766,265 815,032 48,767 0.01Canadian Dollar Sell 16/01/2014 770,187 812,226 42,039 0.01Canadian Dollar Sell 16/01/2014 800,708 811,397 10,689 -Euro Buy 19/03/2014 797,190 807,307 (10,117) -Euro Buy 19/03/2014 801,679 813,140 (11,461) -Euro Sell 19/03/2014 73,809 73,665 (144) -Euro Sell 19/03/2014 806,666 810,407 3,741 -Euro Sell 19/03/2014 130,330 131,048 718 -Euro Sell 19/03/2014 7,231 7,264 33 -Euro Sell 19/03/2014 802,011 814,923 12,912 -Indian Rupee Buy 19/02/2014 475,837 483,746 (7,909) -Japanese Yen Buy 19/02/2014 35,212 37,381 (2,169) -Japanese Yen Buy 19/02/2014 782,136 811,633 (29,497) (0.01)Japanese Yen Sell 19/02/2014 498,305 550,928 52,623 0.02Japanese Yen Sell 19/02/2014 757,462 819,759 62,297 0.02Japanese Yen Sell 19/02/2014 391,527 399,817 8,290 -Mexican Peso Buy 16/01/2014 857,677 875,940 (18,263) (0.01)Mexican Peso Buy 16/01/2014 602,758 618,184 (15,426) -Mexican Peso Buy 16/01/2014 397,143 405,980 (8,837) -Mexican Peso Sell 16/01/2014 1,167,373 1,192,745 25,372 0.01New Zealand Dollar Buy 16/01/2014 768,743 811,379 (42,636) (0.01)New Zealand Dollar Buy 16/01/2014 544,409 554,742 (10,333) -New Zealand Dollar Sell 16/01/2014 524,010 539,622 15,612 -New Zealand Dollar Sell 16/01/2014 789,142 797,030 7,888 -Norwegian Krone Buy 19/03/2014 788,282 792,775 (4,493) -Norwegian Krone Sell 19/03/2014 812,451 807,607 (4,844) -Singapore Dollar Buy 19/02/2014 786,681 820,660 (33,979) (0.01)Singapore Dollar Buy 19/02/2014 786,346 811,979 (25,633) (0.01)Singapore Dollar Sell 19/02/2014 1,955,788 2,050,915 95,127 0.03South Korean Won Buy 19/02/2014 1,736,440 1,789,223 (52,783) (0.02)South Korean Won Sell 19/02/2014 601,112 609,406 8,294 -% ofFund

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.ValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyCredit Suisse AG cont.South Korean Won Sell 19/02/2014 956,656 961,718 GBP 5,062 -Swedish Krona Sell 19/03/2014 812,878 801,192 (11,686) -Swiss Franc Sell 19/03/2014 2,000,042 1,988,767 (11,275) -US Dollar Buy 16/01/2014 142,301 145,545 (3,244) -US Dollar Buy 16/01/2014 788,497 815,032 (26,535) (0.01)US Dollar Buy 16/01/2014 792,970 812,226 (19,256) (0.01)US Dollar Buy 16/01/2014 1,169,329 1,192,745 (23,416) (0.01)US Dollar Buy 16/01/2014 523,960 539,622 (15,662) -US Dollar Buy 16/01/2014 778,494 797,030 (18,536) (0.01)US Dollar Buy 16/01/2014 801,152 811,397 (10,245) -US Dollar Buy 19/02/2014 1,986,471 2,050,915 (64,444) (0.02)US Dollar Buy 19/02/2014 533,616 550,928 (17,312) (0.01)US Dollar Buy 19/02/2014 589,447 609,406 (19,959) (0.01)US Dollar Buy 19/02/2014 798,582 819,759 (21,177) (0.01)US Dollar Buy 19/02/2014 950,060 961,718 (11,658) -US Dollar Buy 19/02/2014 395,925 399,817 (3,892) -US Dollar Buy 19/03/2014 72,932 73,665 (733) -US Dollar Buy 19/03/2014 1,968,978 1,988,767 (19,789) (0.01)US Dollar Buy 19/03/2014 799,449 807,607 (8,158) -US Dollar Buy 19/03/2014 792,808 801,192 (8,384) -US Dollar Buy 19/03/2014 801,559 810,407 (8,848) -US Dollar Buy 19/03/2014 129,617 131,048 (1,431) -US Dollar Buy 19/03/2014 7,185 7,264 (79) -US Dollar Buy 19/03/2014 808,809 814,923 (6,114) -US Dollar Sell 16/01/2014 848,630 875,940 27,310 0.01US Dollar Sell 16/01/2014 799,436 828,151 28,715 0.01US Dollar Sell 16/01/2014 792,720 811,379 18,659 0.01US Dollar Sell 16/01/2014 592,893 618,184 25,291 0.01US Dollar Sell 16/01/2014 537,026 554,742 17,716 0.01US Dollar Sell 16/01/2014 797,057 811,335 14,278 -US Dollar Sell 16/01/2014 399,305 405,980 6,675 -US Dollar Sell 19/02/2014 1,718,342 1,789,223 70,881 0.02US Dollar Sell 19/02/2014 796,816 820,660 23,844 0.01US Dollar Sell 19/02/2014 793,538 811,979 18,441 0.01US Dollar Sell 19/02/2014 36,331 37,381 1,050 -US Dollar Sell 19/02/2014 475,281 483,746 8,465 -US Dollar Sell 19/02/2014 803,107 811,633 8,526 -US Dollar Sell 19/03/2014 783,489 792,775 9,286 -US Dollar Sell 19/03/2014 796,954 807,307 10,353 -US Dollar Sell 19/03/2014 801,440 813,140 11,700 -US Dollar Sell 19/03/2014 31,809,006 32,199,600 390,594 0.13US Dollar Sell 19/03/2014 308,413 312,200 3,787 -US Dollar Sell 19/03/2014 808,553 808,600 47 -Deutsche Bank AGAustralian Dollar Buy 16/01/2014 745,423 828,781 (83,358) (0.04)Australian Dollar Buy 16/01/2014 700 768 (68) -Australian Dollar Buy 16/01/2014 8,459 9,187 (728) -Australian Dollar Buy 16/01/2014 6,843 7,371 (528) -Australian Dollar Buy 16/01/2014 758,839 819,108 (60,269) (0.02)Australian Dollar Sell 16/01/2014 746,123 809,416 63,293 0.02Australian Dollar Sell 16/01/2014 752,158 810,387 58,229 0.02Australian Dollar Sell 16/01/2014 796,123 803,958 7,835 -Canadian Dollar Buy 16/01/2014 770,641 814,766 (44,125) (0.01)Canadian Dollar Buy 16/01/2014 783,373 819,545 (36,172) (0.01)Canadian Dollar Sell 16/01/2014 770,130 804,789 34,659 0.01Canadian Dollar Sell 16/01/2014 398,194 414,970 16,776 0.01Canadian Dollar Sell 16/01/2014 7,730 7,953 223 -Canadian Dollar Sell 16/01/2014 377,960 387,034 9,074 -Canadian Dollar Sell 16/01/2014 800,537 806,675 6,138 -% ofFundPutnam World Trust 73

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.74 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyDeutsche Bank AG cont.Euro Buy 19/03/2014 804,172 809,467 GBP (5,295) -Euro Sell 19/03/2014 807,829 812,849 5,020 -Japanese Yen Buy 19/02/2014 749,677 829,162 (79,485) (0.03)Japanese Yen Sell 19/02/2014 30,924 34,187 3,263 -Japanese Yen Sell 19/02/2014 718,753 757,202 38,449 0.01Japanese Yen Sell 19/02/2014 391,528 399,658 8,130 -Polish Zloty Buy 19/03/2014 401,839 398,262 3,577 -Swiss Franc Sell 19/03/2014 1,628,185 1,619,331 (8,854) -Swiss Franc Sell 19/03/2014 801,589 811,905 10,316 -US Dollar Buy 16/01/2014 783,063 809,416 (26,353) (0.01)US Dollar Buy 16/01/2014 788,989 804,789 (15,800) -US Dollar Buy 16/01/2014 406,823 414,970 (8,147) -US Dollar Buy 16/01/2014 786,867 810,387 (23,520) (0.01)US Dollar Buy 16/01/2014 7,787 7,953 (166) -US Dollar Buy 16/01/2014 378,945 387,034 (8,089) -US Dollar Buy 16/01/2014 798,171 806,675 (8,504) -US Dollar Buy 16/01/2014 791,670 803,958 (12,288) -US Dollar Buy 19/02/2014 33,113 34,187 (1,074) -US Dollar Buy 19/02/2014 741,552 757,202 (15,650) -US Dollar Buy 19/02/2014 395,768 399,658 (3,890) -US Dollar Buy 19/03/2014 1,603,218 1,619,331 (16,113) -US Dollar Buy 19/03/2014 801,423 811,905 (10,482) -US Dollar Buy 19/03/2014 803,975 812,849 (8,874) -US Dollar Sell 16/01/2014 800,326 828,781 28,455 0.01US Dollar Sell 16/01/2014 793,838 814,766 20,928 0.01US Dollar Sell 16/01/2014 741 768 27 -US Dollar Sell 16/01/2014 792,562 819,545 26,983 0.01US Dollar Sell 16/01/2014 8,774 9,187 413 -US Dollar Sell 16/01/2014 7,155 7,371 216 -US Dollar Sell 16/01/2014 796,272 819,108 22,836 0.01US Dollar Sell 19/02/2014 797,196 829,162 31,966 0.01US Dollar Sell 19/03/2014 391,088 398,262 7,174 -US Dollar Sell 19/03/2014 800,551 809,467 8,916 -US Dollar Sell 19/03/2014 33,045,681 33,464,600 418,919 0.14Goldman Sachs InternationalAustralian Dollar Buy 16/01/2014 702,427 751,264 (48,837) (0.01)Australian Dollar Sell 16/01/2014 271,768 292,858 21,090 0.01Canadian Dollar Buy 16/01/2014 770,187 814,599 (44,412) (0.01)Canadian Dollar Sell 16/01/2014 739,097 776,863 37,766 0.01Canadian Dollar Sell 16/01/2014 31,089 32,549 1,460 -Canadian Dollar Sell 16/01/2014 800,480 807,447 6,967 -Chilean Peso Buy 16/01/2014 1,118,091 1,211,150 (93,059) (0.04)Chilean Peso Buy 16/01/2014 745,394 801,304 (55,910) (0.02)Chilean Peso Buy 16/01/2014 202,992 213,642 (10,650) -Chilean Peso Sell 16/01/2014 778,308 808,393 30,085 0.01Chilean Peso Sell 16/01/2014 1,172,287 1,209,939 37,652 0.01Chilean Peso Sell 16/01/2014 115,882 120,367 4,485 -Euro Buy 19/03/2014 807,746 806,993 753 -Japanese Yen Sell 19/02/2014 777,524 813,220 35,696 0.01US Dollar Buy 19/03/2014 796,172 808,000 (11,828) -US Dollar Buy 16/01/2014 759,548 776,863 (17,315) (0.01)US Dollar Buy 16/01/2014 31,538 32,549 (1,011) -US Dollar Buy 16/01/2014 785,150 808,393 (23,243) (0.01)US Dollar Buy 16/01/2014 1,174,823 1,209,939 (35,116) (0.01)US Dollar Buy 16/01/2014 116,510 120,367 (3,857) -US Dollar Buy 16/01/2014 284,093 292,858 (8,765) -US Dollar Buy 16/01/2014 797,471 807,447 (9,976) -US Dollar Buy 19/02/2014 804,837 813,220 (8,383) -US Dollar Sell 16/01/2014 734,692 751,264 16,572 -% ofFund

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyGoldman Sachs International cont.US Dollar Sell 16/01/2014 794,155 814,599 GBP 20,444 0.01US Dollar Sell 16/01/2014 1,160,970 1,211,150 50,180 0.02US Dollar Sell 16/01/2014 779,595 801,304 21,709 0.01US Dollar Sell 16/01/2014 206,339 213,642 7,303 -US Dollar Sell 19/03/2014 795,610 806,993 11,383 -US Dollar Sell 19/03/2014 33,469,024 33,878,800 409,776 0.13US Dollar Sell 19/03/2014 62,961 63,400 439 -US Dollar Sell 19/03/2014 4,848 4,900 52 -US Dollar Sell 19/03/2014 801,058 811,000 9,942 -HSBC Bank USA, National AssociationCanadian Dollar Buy 16/01/2014 783,429 819,604 (36,175) (0.01)Canadian Dollar Sell 16/01/2014 783,429 802,199 18,770 0.01Canadian Dollar Sell 16/01/2014 800,537 806,672 6,135 -Euro Buy 19/03/2014 797,190 807,307 (10,117) -Euro Sell 19/03/2014 807,746 812,766 5,020 -Taiwan Dollar Buy 19/02/2014 984,316 1,029,589 (45,273) (0.01)Taiwan Dollar Buy 19/02/2014 495,651 505,209 (9,558) -Taiwan Dollar Sell 19/02/2014 1,415,373 1,494,680 79,307 0.02Taiwan Dollar Sell 19/02/2014 64,594 66,066 1,472 -US Dollar Buy 19/03/2014 641,925 653,100 (11,175) -US Dollar Buy 16/01/2014 785,432 802,199 (16,767) (0.01)US Dollar Buy 16/01/2014 798,167 806,672 (8,505) -US Dollar Buy 19/02/2014 1,437,556 1,494,680 (57,124) (0.02)US Dollar Buy 19/02/2014 65,199 66,066 (867) -US Dollar Buy 19/03/2014 803,892 812,766 (8,874) -US Dollar Sell 16/01/2014 792,657 819,604 26,947 0.01US Dollar Sell 19/02/2014 996,411 1,029,589 33,178 0.01US Dollar Sell 19/02/2014 501,826 505,209 3,383 -US Dollar Sell 19/03/2014 796,936 807,307 10,371 -US Dollar Sell 19/03/2014 30,566,639 30,954,700 388,061 0.13US Dollar Sell 19/03/2014 441,261 444,800 3,539 -US Dollar Sell 19/03/2014 35,435 35,400 (35) -JPMorgan Chase Bank, N.A.Australian Dollar Buy 16/01/2014 731,629 782,497 (50,868) (0.02)Australian Dollar Buy 16/01/2014 748,063 822,643 (74,580) (0.02)Australian Dollar Buy 16/01/2014 14,332 14,978 (646) -Australian Dollar Sell 16/01/2014 746,177 809,448 63,271 0.02Australian Dollar Sell 16/01/2014 747,847 821,163 73,316 0.02Australian Dollar Sell 16/01/2014 798,925 810,556 11,631 -Brazilian Real Buy 03/01/2014 437,545 490,461 (52,916) (0.02)Brazilian Real Buy 03/01/2014 691,691 768,396 (76,705) (0.03)Brazilian Real Buy 03/01/2014 546,074 602,283 (56,209) (0.02)Brazilian Real Buy 03/01/2014 327,711 356,972 (29,261) (0.01)Brazilian Real Buy 03/01/2014 244,215 256,484 (12,269) -Brazilian Real Buy 03/01/2014 489,480 490,250 (770) -Brazilian Real Sell 03/01/2014 445,710 475,156 29,446 0.01Brazilian Real Sell 03/01/2014 734,386 776,564 42,178 0.01Brazilian Real Sell 03/01/2014 770,963 805,445 34,482 0.01Brazilian Real Sell 03/01/2014 785,656 819,490 33,834 0.01Brazilian Real Sell 02/04/2014 479,373 481,921 2,548 -Canadian Dollar Buy 16/01/2014 779,735 803,671 (23,936) (0.01)Canadian Dollar Buy 16/01/2014 803,663 809,064 (5,401) -Canadian Dollar Sell 16/01/2014 779,735 820,510 40,775 0.01Canadian Dollar Sell 16/01/2014 797,695 805,008 7,313 -Canadian Dollar Sell 16/01/2014 800,139 800,984 845 -Euro Buy 19/03/2014 808,494 806,640 1,854 -Euro Buy 19/03/2014 804,089 809,384 (5,295) -Euro Sell 19/03/2014 798,603 809,241 10,638 -% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 75

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.76 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyJPMorgan Chase Bank, N.A. cont.Japanese Yen Buy 19/02/2014 6,140 6,518 GBP (378) -Japanese Yen Sell 19/02/2014 6,140 6,786 646 -Mexican Peso Buy 16/01/2014 18,691 19,089 (398) -Mexican Peso Buy 16/01/2014 803,679 817,662 (13,983) -Mexican Peso Buy 16/01/2014 397,143 405,980 (8,837) -Mexican Peso Sell 16/01/2014 778,247 797,325 19,078 0.01New Zealand Dollar Buy 16/01/2014 768,743 811,379 (42,636) (0.01)New Zealand Dollar Sell 16/01/2014 524,010 539,159 15,149 -New Zealand Dollar Sell 16/01/2014 244,733 246,526 1,793 -Norwegian Krone Buy 19/03/2014 10,103 10,160 (57) -Polish Zloty Buy 19/03/2014 83,370 82,628 742 -Singapore Dollar Buy 19/02/2014 787,590 823,879 (36,289) (0.01)Singapore Dollar Sell 19/02/2014 1,955,788 2,051,163 95,375 0.03South Korean Won Buy 19/02/2014 2,467,217 2,542,214 (74,997) (0.03)South Korean Won Sell 19/02/2014 799,005 810,407 11,402 -South Korean Won Sell 19/02/2014 601,112 609,406 8,294 -Swiss Franc Sell 19/03/2014 745 741 (4) -Swiss Franc Sell 19/03/2014 801,521 811,855 10,334 -Taiwan Dollar Buy 19/02/2014 1,484,842 1,542,590 (57,748) (0.02)Taiwan Dollar Buy 19/02/2014 991,301 1,010,417 (19,116) (0.01)Taiwan Dollar Buy 19/02/2014 26,821 27,264 (443) -Taiwan Dollar Buy 19/02/2014 51,188 52,173 (985) -Taiwan Dollar Sell 19/02/2014 2,554,151 2,700,030 145,879 0.05US Dollar Buy 19/03/2014 800,537 813,500 (12,963) -US Dollar Buy 03/01/2014 464,955 475,156 (10,201) -US Dollar Buy 03/01/2014 749,200 776,564 (27,364) (0.01)US Dollar Buy 03/01/2014 782,220 805,445 (23,225) (0.01)US Dollar Buy 03/01/2014 787,174 819,490 (32,316) (0.01)US Dollar Buy 16/01/2014 783,095 809,448 (26,353) (0.01)US Dollar Buy 16/01/2014 780,251 797,325 (17,074) (0.01)US Dollar Buy 16/01/2014 791,667 820,510 (28,843) (0.01)US Dollar Buy 16/01/2014 792,296 821,163 (28,867) (0.01)US Dollar Buy 16/01/2014 523,511 539,159 (15,648) -US Dollar Buy 16/01/2014 241,373 246,526 (5,153) -US Dollar Buy 16/01/2014 796,229 805,008 (8,779) -US Dollar Buy 16/01/2014 800,322 810,556 (10,234) -US Dollar Buy 16/01/2014 791,885 800,984 (9,099) -US Dollar Buy 19/02/2014 6,573 6,786 (213) -US Dollar Buy 19/02/2014 1,986,711 2,051,163 (64,452) (0.02)US Dollar Buy 19/02/2014 2,596,840 2,700,030 (103,190) (0.04)US Dollar Buy 19/02/2014 787,073 810,407 (23,334) (0.01)US Dollar Buy 19/02/2014 589,447 609,406 (19,959) (0.01)US Dollar Buy 19/03/2014 734 741 (7) -US Dollar Buy 19/03/2014 801,373 811,855 (10,482) -US Dollar Buy 19/03/2014 797,228 809,241 (12,013) -US Dollar Buy 02/04/2014 475,924 481,921 (5,997) -US Dollar Sell 03/01/2014 469,089 490,461 21,372 0.01US Dollar Sell 03/01/2014 739,575 768,396 28,821 0.01US Dollar Sell 03/01/2014 577,724 602,283 24,559 0.01US Dollar Sell 03/01/2014 339,862 356,972 17,110 0.01US Dollar Sell 03/01/2014 247,334 256,484 9,150 -US Dollar Sell 03/01/2014 485,804 490,250 4,446 -US Dollar Sell 16/01/2014 765,166 782,497 17,331 0.01US Dollar Sell 16/01/2014 18,493 19,089 596 -US Dollar Sell 16/01/2014 788,696 822,643 33,947 0.01US Dollar Sell 16/01/2014 792,688 811,379 18,691 0.01US Dollar Sell 16/01/2014 791,177 817,662 26,485 0.01US Dollar Sell 16/01/2014 14,550 14,978 428 -US Dollar Sell 16/01/2014 781,806 803,671 21,865 0.01% ofFund

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.ValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyJPMorgan Chase Bank, N.A. cont.US Dollar Sell 16/01/2014 399,474 405,980 GBP 6,506 -US Dollar Sell 16/01/2014 798,273 809,064 10,791 -US Dollar Sell 19/02/2014 2,438,311 2,542,214 103,903 0.03US Dollar Sell 19/02/2014 796,064 823,879 27,815 0.01US Dollar Sell 19/02/2014 1,498,754 1,542,590 43,836 0.01US Dollar Sell 19/02/2014 6,335 6,518 183 -US Dollar Sell 19/02/2014 1,002,800 1,010,417 7,617 -US Dollar Sell 19/02/2014 27,063 27,264 201 -US Dollar Sell 19/02/2014 51,799 52,173 374 -US Dollar Sell 19/03/2014 10,042 10,160 118 -US Dollar Sell 19/03/2014 81,111 82,628 1,517 -US Dollar Sell 19/03/2014 802,665 806,640 3,975 -US Dollar Sell 19/03/2014 800,478 809,384 8,906 -US Dollar Sell 19/03/2014 32,423,814 32,822,800 398,986 0.13US Dollar Sell 19/03/2014 81,596 82,600 1,004 -US Dollar Sell 19/03/2014 796,850 812,400 15,550 -US Dollar Sell 19/03/2014 802,969 802,800 (169) -Royal Bank of Scotland PLCAustralian Dollar Buy 16/01/2014 729,420 780,134 (50,714) (0.02)Australian Dollar Buy 16/01/2014 749,356 825,242 (75,886) (0.03)Australian Dollar Buy 16/01/2014 4,256 4,666 (410) -Australian Dollar Sell 16/01/2014 746,123 809,320 63,197 0.02Australian Dollar Sell 16/01/2014 736,910 813,014 76,104 0.02Brazilian Real Buy 03/01/2014 691,691 768,396 (76,705) (0.03)Brazilian Real Buy 03/01/2014 546,074 602,283 (56,209) (0.02)Brazilian Real Buy 03/01/2014 546,074 597,680 (51,606) (0.02)Brazilian Real Sell 03/01/2014 734,386 775,558 41,172 0.01Brazilian Real Sell 03/01/2014 775,571 804,019 28,448 0.01Brazilian Real Sell 03/01/2014 273,881 283,130 9,249 -Canadian Dollar Buy 16/01/2014 783,373 821,563 (38,190) (0.01)Canadian Dollar Sell 16/01/2014 770,130 812,206 42,076 0.01Canadian Dollar Sell 16/01/2014 13,243 13,561 318 -Canadian Dollar Sell 16/01/2014 800,651 806,641 5,990 -Euro Buy 19/03/2014 800,515 810,142 (9,627) -Japanese Yen Buy 19/02/2014 720,022 764,374 (44,352) (0.01)Japanese Yen Sell 19/02/2014 720,022 795,983 75,961 0.02Japanese Yen Sell 19/02/2014 791,473 808,918 17,445 0.01Mexican Peso Buy 16/01/2014 602,758 618,184 (15,426) -Mexican Peso Buy 16/01/2014 175,493 179,466 (3,973) -Mexican Peso Buy 16/01/2014 476,572 487,177 (10,605) -Mexican Peso Sell 16/01/2014 778,252 802,111 23,859 0.01US Dollar Buy 03/01/2014 748,230 775,558 (27,328) (0.01)US Dollar Buy 03/01/2014 780,617 804,019 (23,402) (0.01)US Dollar Buy 03/01/2014 277,189 283,130 (5,941) -US Dollar Buy 16/01/2014 782,971 809,320 (26,349) (0.01)US Dollar Buy 16/01/2014 792,950 812,206 (19,256) (0.01)US Dollar Buy 16/01/2014 793,664 813,014 (19,350) (0.01)US Dollar Buy 16/01/2014 784,934 802,111 (17,177) (0.01)US Dollar Buy 16/01/2014 13,278 13,561 (283) -US Dollar Buy 16/01/2014 800,304 806,641 (6,337) -US Dollar Buy 19/02/2014 770,972 795,983 (25,011) (0.01)US Dollar Buy 19/02/2014 799,259 808,918 (9,659) -US Dollar Sell 03/01/2014 738,805 768,396 29,591 0.01US Dollar Sell 03/01/2014 577,335 602,283 24,948 0.01US Dollar Sell 03/01/2014 580,117 597,680 17,563 0.01US Dollar Sell 16/01/2014 762,615 780,134 17,519 0.01US Dollar Sell 16/01/2014 791,572 825,242 33,670 0.01US Dollar Sell 16/01/2014 4,505 4,666 161 -US Dollar Sell 16/01/2014 793,680 821,563 27,883 0.01% ofFundPutnam World Trust 77

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.78 Putnam World TrustValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyRoyal Bank of Scotland PLC cont.US Dollar Sell 16/01/2014 592,893 618,184 GBP 25,291 0.01US Dollar Sell 16/01/2014 174,794 179,466 4,672 -US Dollar Sell 16/01/2014 479,332 487,177 7,845 -US Dollar Sell 19/02/2014 742,883 764,374 21,491 0.01US Dollar Sell 19/03/2014 798,921 810,142 11,221 -US Dollar Sell 19/03/2014 31,115,433 31,504,100 388,667 0.13State Street Bank & Trust CompanyAustralian Dollar Buy 16/01/2014 732,599 783,534 (50,935) (0.02)Brazilian Real Buy 03/01/2014 691,717 774,675 (82,958) (0.04)Brazilian Real Buy 03/01/2014 728,090 809,950 (81,860) (0.03)Brazilian Real Buy 03/01/2014 546,074 597,680 (51,606) (0.02)Brazilian Real Buy 03/01/2014 170,472 179,036 (8,564) -Brazilian Real Sell 03/01/2014 631,002 672,868 41,866 0.01Brazilian Real Sell 03/01/2014 734,386 775,290 40,904 0.01Brazilian Real Sell 03/01/2014 770,963 805,549 34,586 0.01Canadian Dollar Sell 16/01/2014 800,082 800,707 625 -Euro Buy 19/03/2014 1,318,759 1,317,530 1,229 -Euro Buy 19/03/2014 800,681 813,149 (12,468) -Euro Sell 19/03/2014 796,193 803,290 7,097 -Euro Sell 19/03/2014 801,595 805,202 3,607 -Japanese Yen Buy 19/02/2014 747,809 793,872 (46,063) (0.01)Japanese Yen Sell 19/02/2014 747,809 826,869 79,060 0.02Mexican Peso Buy 16/01/2014 602,758 618,184 (15,426) -Mexican Peso Sell 16/01/2014 175,493 178,489 2,996 -New Zealand Dollar Buy 16/01/2014 768,743 812,617 (43,874) (0.01)New Zealand Dollar Sell 16/01/2014 524,010 538,778 14,768 -New Zealand Dollar Sell 16/01/2014 244,733 246,526 1,793 -Norwegian Krone Buy 19/03/2014 390,078 392,301 (2,223) -Polish Zloty Buy 19/03/2014 788,787 781,767 7,020 -Singapore Dollar Buy 19/02/2014 1,568,144 1,638,907 (70,763) (0.02)Singapore Dollar Sell 19/02/2014 2,409,299 2,527,411 118,112 0.04South Korean Won Buy 19/02/2014 2,935,688 3,024,925 (89,237) (0.04)South Korean Won Sell 19/02/2014 1,598,011 1,619,985 21,974 0.01Swedish Krona Sell 19/03/2014 11,765 11,725 (40) -Swiss Franc Sell 19/03/2014 578,014 574,795 (3,219) -Taiwan Dollar Buy 19/02/2014 1,484,844 1,541,130 (56,286) (0.02)Taiwan Dollar Buy 19/02/2014 991,303 1,010,419 (19,116) (0.01)Taiwan Dollar Buy 19/02/2014 78,004 79,505 (1,501) -Taiwan Dollar Sell 19/02/2014 2,554,151 2,687,329 133,178 0.05US Dollar Buy 03/01/2014 658,422 672,868 (14,446) -US Dollar Buy 03/01/2014 747,971 775,290 (27,319) (0.01)US Dollar Buy 03/01/2014 782,321 805,549 (23,228) (0.01)US Dollar Buy 16/01/2014 523,141 538,778 (15,637) -US Dollar Buy 16/01/2014 241,373 246,526 (5,153) -US Dollar Buy 16/01/2014 174,759 178,489 (3,730) -US Dollar Buy 16/01/2014 791,612 800,707 (9,095) -US Dollar Buy 19/02/2014 2,447,994 2,527,411 (79,417) (0.03)US Dollar Buy 19/02/2014 800,887 826,869 (25,982) (0.01)US Dollar Buy 19/02/2014 2,593,473 2,687,329 (93,856) (0.04)US Dollar Buy 19/02/2014 1,573,340 1,619,985 (46,645) (0.01)US Dollar Buy 19/03/2014 11,586 11,725 (139) -US Dollar Buy 19/03/2014 569,075 574,795 (5,720) -US Dollar Buy 19/03/2014 798,306 803,290 (4,984) -US Dollar Buy 19/03/2014 802,907 805,202 (2,295) -US Dollar Sell 03/01/2014 739,100 774,675 35,575 0.01US Dollar Sell 03/01/2014 773,550 809,950 36,400 0.01US Dollar Sell 03/01/2014 579,778 597,680 17,902 0.01US Dollar Sell 03/01/2014 172,501 179,036 6,535 -US Dollar Sell 16/01/2014 766,127 783,534 17,407 0.01% ofFund

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateThe accompanying notes form an integral part of these financial statements.ValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyState Street Bank & Trust Company cont.US Dollar Sell 16/01/2014 786,935 812,617 GBP 25,682 0.01US Dollar Sell 16/01/2014 592,000 618,184 26,184 0.01US Dollar Sell 19/02/2014 2,905,226 3,024,925 119,699 0.04US Dollar Sell 19/02/2014 1,589,043 1,638,907 49,864 0.02US Dollar Sell 19/02/2014 1,499,723 1,541,130 41,407 0.01US Dollar Sell 19/02/2014 771,544 793,872 22,328 0.01US Dollar Sell 19/02/2014 1,003,314 1,010,419 7,105 -US Dollar Sell 19/02/2014 78,949 79,505 556 -US Dollar Sell 19/03/2014 1,298,686 1,317,530 18,844 0.01US Dollar Sell 19/03/2014 387,469 392,301 4,832 -US Dollar Sell 19/03/2014 767,537 781,767 14,230 -US Dollar Sell 19/03/2014 799,279 813,149 13,870 -US Dollar Sell 19/03/2014 33,363,320 33,774,900 411,580 0.13US Dollar Sell 19/03/2014 797,929 806,800 8,871 -UBS AGAustralian Dollar Buy 16/01/2014 1,023,225 1,094,366 (71,141) (0.02)Australian Dollar Buy 16/01/2014 403,988 417,483 (13,495) -Australian Dollar Sell 16/01/2014 729,528 779,498 49,970 0.02Australian Dollar Sell 16/01/2014 787,610 804,157 16,547 -Canadian Dollar Buy 16/01/2014 770,130 814,539 (44,409) (0.01)Canadian Dollar Buy 16/01/2014 783,941 819,353 (35,412) (0.01)Canadian Dollar Sell 16/01/2014 746,656 784,793 38,137 0.01Canadian Dollar Sell 16/01/2014 770,187 804,455 34,268 0.01Canadian Dollar Sell 16/01/2014 37,228 38,123 895 -Canadian Dollar Sell 16/01/2014 793,774 801,457 7,683 -Euro Buy 19/03/2014 154,185 154,041 144 -Euro Buy 19/03/2014 797,273 807,391 (10,118) -Euro Buy 19/03/2014 800,432 810,058 (9,626) -Euro Sell 19/03/2014 799,933 807,467 7,534 -Euro Sell 19/03/2014 804,422 808,582 4,160 -Japanese Yen Buy 19/02/2014 11,203 11,893 (690) -Japanese Yen Sell 19/02/2014 11,203 12,386 1,183 -Japanese Yen Sell 19/02/2014 469,833 479,765 9,932 -Mexican Peso Buy 16/01/2014 727,535 743,027 (15,492) -Mexican Peso Buy 16/01/2014 803,665 817,648 (13,983) -Mexican Peso Buy 16/01/2014 602,763 618,189 (15,426) -Mexican Peso Sell 16/01/2014 1,167,378 1,192,851 25,473 0.01New Zealand Dollar Buy 16/01/2014 768,793 812,669 (43,876) (0.01)New Zealand Dollar Sell 16/01/2014 768,793 774,412 5,619 -Norwegian Krone Buy 19/03/2014 298,499 300,200 (1,701) -Singapore Dollar Buy 19/02/2014 786,633 820,610 (33,977) (0.01)Singapore Dollar Buy 19/02/2014 787,638 823,930 (36,292) (0.01)Singapore Dollar Sell 19/02/2014 2,099,682 2,201,767 102,085 0.03Swedish Krona Sell 19/03/2014 780,249 777,989 (2,260) -Swiss Franc Sell 19/03/2014 1,193,302 1,186,433 (6,869) -US Dollar Buy 19/03/2014 520,274 527,300 (7,026) -US Dollar Buy 19/03/2014 796,702 812,400 (15,698) -US Dollar Buy 19/03/2014 109,039 109,500 (461) -US Dollar Buy 16/01/2014 767,301 784,793 (17,492) (0.01)US Dollar Buy 16/01/2014 762,124 779,498 (17,374) (0.01)US Dollar Buy 16/01/2014 788,662 804,455 (15,793) -US Dollar Buy 16/01/2014 1,169,432 1,192,851 (23,419) (0.01)US Dollar Buy 16/01/2014 37,326 38,123 (797) -US Dollar Buy 16/01/2014 758,226 774,412 (16,186) -US Dollar Buy 16/01/2014 792,014 801,457 (9,443) -US Dollar Buy 16/01/2014 795,679 804,157 (8,478) -US Dollar Buy 19/02/2014 11,997 12,386 (389) -US Dollar Buy 19/02/2014 2,132,584 2,201,767 (69,183) (0.02)US Dollar Buy 19/02/2014 475,095 479,765 (4,670) -% ofFundPutnam World Trust 79

Putnam Global Fixed Income Alpha Fund S2Schedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueGBPAggregateface valueGBPUnrealisedAppreciation/(Depreciation)GBPCounterparty CurrencyUBS AG cont.US Dollar Buy 19/03/2014 768,720 777,989 GBP (9,269) -US Dollar Buy 19/03/2014 1,174,627 1,186,433 (11,806) -US Dollar Buy 19/03/2014 801,481 807,467 (5,986) -US Dollar Buy 19/03/2014 799,095 808,582 (9,487) -US Dollar Sell 16/01/2014 1,069,765 1,094,366 24,601 0.01US Dollar Sell 16/01/2014 719,769 743,027 23,258 0.01US Dollar Sell 16/01/2014 794,096 814,539 20,443 0.01US Dollar Sell 16/01/2014 787,021 812,669 25,648 0.01US Dollar Sell 16/01/2014 790,408 817,648 27,240 0.01US Dollar Sell 16/01/2014 591,950 618,189 26,239 0.01US Dollar Sell 16/01/2014 797,816 819,353 21,537 0.01US Dollar Sell 16/01/2014 412,361 417,483 5,122 -US Dollar Sell 19/02/2014 796,717 820,610 23,893 0.01US Dollar Sell 19/02/2014 796,192 823,930 27,738 0.01US Dollar Sell 19/02/2014 11,559 11,893 334 -US Dollar Sell 19/03/2014 151,847 154,041 2,194 -US Dollar Sell 19/03/2014 296,540 300,200 3,660 -US Dollar Sell 19/03/2014 797,041 807,391 10,350 -US Dollar Sell 19/03/2014 798,848 810,058 11,210 -US Dollar Sell 19/03/2014 32,146,818 32,541,400 394,582 0.13US Dollar Sell 19/03/2014 695,167 703,700 8,533 -US Dollar Sell 19/03/2014 801,144 806,700 5,556 -Westpac Banking CorporationAustralian Dollar Buy 16/01/2014 415,141 444,005 (28,864) (0.01)Australian Dollar Buy 16/01/2014 735,078 816,276 (81,198) (0.03)Australian Dollar Sell 16/01/2014 747,470 815,421 67,951 0.02Canadian Dollar Sell 16/01/2014 797,695 805,021 7,326 -Euro Buy 19/03/2014 808,494 806,640 1,854 -Japanese Yen Buy 19/02/2014 768,610 817,073 (48,463) (0.01)Japanese Yen Sell 19/02/2014 768,610 809,734 41,124 0.01Japanese Yen Sell 19/02/2014 466,773 486,867 20,094 0.01US Dollar Buy 16/01/2014 789,588 815,421 (25,833) (0.01)US Dollar Buy 16/01/2014 796,241 805,021 (8,780) -US Dollar Buy 19/02/2014 792,997 809,734 (16,737) (0.01)US Dollar Buy 19/02/2014 481,848 486,867 (5,019) -US Dollar Sell 16/01/2014 434,208 444,005 9,797 -US Dollar Sell 16/01/2014 792,301 816,276 23,975 0.01US Dollar Sell 19/02/2014 798,537 817,073 18,536 0.01US Dollar Sell 19/03/2014 802,653 806,640 3,987 -Unrealised Appreciation on Forward Foreign Exchange Currency Contracts GBP 11,131,718 3.36Unrealised Depreciation on Forward Foreign Exchange Currency Contracts GBP (7,380,379) (2.20)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts GBP 3,751,339 1.16Total Financial Assets at Fair Value through Profit or Loss GBP 562,643,362 169.65Total Financial Liabilities at Fair Value through Profit or Loss GBP (242,265,366) (73.08)% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 59.69(b) Transferable securities other than those admitted to official stock exchange listing or dealt in on another regulated market 3.97(c) OTC financial derivative instruments 1.45(d) Exchange Traded financial derivative instruments -(e) Centrally Cleared financial derivative instruments 0.05(f) Other assets 34.84Total Assets 100.00% ofFundThe accompanying notes form an integral part of these financial statements.80 Putnam World Trust

Putnam Global High Yield Bond FundSchedule of Investments (unaudited)31 December 2013U.S. CORPORATE BONDS AND NOTES (65.71%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundAdvertising and Marketing Services (0.34%)USD Griffey Finance Sub365,000 LLC 7.00 15/10/2020 USD 288,350 0.13430,000 Lamar MediaCorporation 5.88 01/02/2022 440,750 0.21729,100 0.34Aerospace and Defense (0.38%)200,000 TransDigmIncorporated 5.50 15/10/2020 195,500 0.09635,000 Triumph GroupIncorporated 4.88 01/04/2021 615,950 0.29811,450 0.38Airlines (0.10%)210,000 United ContinentalHoldingsIncorporated 6.00 01/12/2020 209,738 0.10209,738 0.10Automotive (0.17%)345,000 NavistarInternationalCorporation 8.25 01/11/2021 356,213 0.17356,213 0.17Banking (0.81%)EUR Citigroup380,000 Incorporated 4.75 10/02/2019 517,899 0.24USD Dresdner Funding700,000 Trust I 8.15 30/06/2031 724,500 0.34165,000 Provident FundingAssociates LP 6.75 15/06/2021 163,763 0.08300,000 Provident FundingAssociates LP 10.13 15/02/2019 327,000 0.151,733,162 0.81Beverage (0.40%)95,000 Constellation BrandsIncorporated 4.25 01/05/2023 88,350 0.04730,000 Constellation BrandsIncorporated 6.00 01/05/2022 779,275 0.36867,625 0.40Biotechnology (0.18%)366,000 Jaguar HoldingCompany 9.38 15/10/2017 387,045 0.18387,045 0.18Broadcasting (2.63%)605,000 Clear ChannelCommunicationsIncorporated 9.00 01/03/2021 611,050 0.28900,000 Clear ChannelCommunicationsIncorporated 9.00 15/12/2019 918,000 0.43199,000 Clear ChannelWorldwide HoldingsIncorporated 7.63 15/03/2020 209,199 0.10300,000 Clear ChannelWorldwide HoldingsIncorporated 6.50 15/11/2022 306,375 0.14513,000 Cumulus MediaHoldingsIncorporated 7.75 01/05/2019 541,215 0.25505,000 Entercom Radio LLC 10.50 01/12/2019 571,913 0.27330,000 Gray TelevisionIncorporated 7.50 01/10/2020 350,625 0.16555,000 NexstarBroadcastingIncorporated 6.88 15/11/2020 593,850 0.28305,000 Sinclair TelevisionGroup Incorporated 6.38 01/11/2021 314,913 0.15415,000 Sinclair TelevisionGroup Incorporated 5.38 01/04/2021 408,775 0.19U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundBroadcasting cont.USD 225,000 Sinclair TelevisionGroup Incorporated 6.13 01/10/2022 USD 227,250 0.11195,000 Townsquare RadioLLC 9.00 01/04/2019 211,088 0.10330,000 UnivisionCommunicationsIncorporated 8.50 15/05/2021 363,000 0.175,627,253 2.63Building Materials (0.56%)780,000 Nortek Incorporated 10.00 01/12/2018 860,925 0.40305,000 Nortek Incorporated 8.50 15/04/2021 337,788 0.161,198,713 0.56Cable Television (2.23%)735,000 Cablevision SystemsCorporation 8.00 15/04/2020 821,363 0.38340,000 CCO Holdings LLC 6.50 30/04/2021 350,200 0.16870,000 CCO Holdings LLC 5.25 30/09/2022 811,275 0.38305,000 CCO Holdings LLC 6.63 31/01/2022 314,150 0.15600,000 CCO Holdings LLC 5.13 15/02/2023 556,500 0.26210,000 DISH DBSCorporation 7.88 01/09/2019 240,450 0.11355,000 DISH DBSCorporation 6.75 01/06/2021 376,300 0.18315,000 Mediacom LLC 7.25 15/02/2022 333,900 0.16875,000 WideOpenWestFinance LLC 10.25 15/07/2019 971,250 0.454,775,388 2.23Chemicals (0.65%)115,000 Hexion U.S. FinanceCorporation 9.00 15/11/2020 114,713 0.0525,000 HuntsmanInternational LLC 8.63 15/03/2021 28,250 0.0170,000 HuntsmanInternational LLC 8.63 15/03/2020 77,438 0.04270,000 HuntsmanInternational LLC 4.88 15/11/2020 265,950 0.12605,000 MomentivePerformanceMaterialsIncorporated 8.88 15/10/2020 636,763 0.30270,000 Tronox Finance LLC 6.38 15/08/2020 275,400 0.131,398,514 0.65Coal (0.23%)105,000 CONSOL EnergyIncorporated 8.25 01/04/2020 113,663 0.05365,000 Peabody EnergyCorporation 6.00 15/11/2018 388,725 0.18502,388 0.23Combined Utilities (0.01%)15,000 Tennessee Gas PipelineCompany LLC 7.00 15/10/2028 17,664 0.0117,664 0.01Commercial and Consumer Services (1.31%)795,000 Ceridian HCMHolding Incorporated 11.00 15/03/2021 916,238 0.43500,000 Lender ProcessingServicesIncorporated 5.75 15/04/2023 517,500 0.24275,000 Sabre HoldingsCorporation 8.35 15/03/2016 306,625 0.14250,000 Sabre Incorporated 8.50 15/05/2019 276,250 0.13510,000 Travelport LLC 11.88 01/09/2016 517,650 0.24EUR200,000 Travelport LLC 10.88 01/09/2016 277,891 0.132,812,154 1.31The accompanying notes form an integral part of these financial statements.Putnam World Trust 81

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCommunications Equipment (0.61%)USD 215,000 Alcatel-Lucent USAIncorporated 6.75 15/11/2020 USD 223,063 0.10600,000 Alcatel-Lucent USAIncorporated 6.45 15/03/2029 531,000 0.25225,000 Avaya Incorporated 10.50 01/03/2021 214,875 0.10355,000 Avaya Incorporated 7.00 01/04/2019 347,900 0.161,316,838 0.61Computers (0.54%)155,000 ACI WorldwideIncorporated 6.38 15/08/2020 161,975 0.08295,000 SunGard DataSystemsIncorporated 7.63 15/11/2020 321,550 0.15245,000 SunGard DataSystemsIncorporated 6.63 01/11/2019 257,250 0.12365,000 Syniverse HoldingsIncorporated 9.13 15/01/2019 398,763 0.191,139,538 0.54Construction (1.20%)288,000 Atkore InternationalIncorporated 9.88 01/01/2018 309,600 0.1460,000 CPG Merger Sub LLC 8.00 01/10/2021 62,700 0.03565,000 HD SupplyIncorporated 7.50 15/07/2020 608,788 0.28360,000 HD SupplyIncorporated 11.50 15/07/2020 429,750 0.2065,000 USG Corporation 5.88 01/11/2021 67,763 0.03555,000 USG Corporation 9.75 15/01/2018 656,288 0.31475,000 Weekley Homes LLC 6.00 01/02/2023 458,375 0.212,593,264 1.20Consumer (0.68%)355,000 Gibson BrandsIncorporated 8.88 01/08/2018 373,638 0.17105,000 Spectrum BrandsEscrow Corporation 6.38 15/11/2020 112,088 0.05910,000 Spectrum BrandsIncorporated 6.75 15/03/2020 979,388 0.461,465,114 0.68Consumer Finance (1.79%)5,000 International LeaseFinance Corporation 5.88 15/08/2022 5,000 -285,000 Nationstar MortgageLLC. 7.88 01/10/2020 295,688 0.14410,000 Nationstar MortgageLLC 6.50 01/07/2021 390,525 0.18155,000 Nationstar MortgageLLC 6.50 01/08/2018 157,519 0.07495,000 PHH Corporation 7.38 01/09/2019 528,413 0.25390,000 PHH Corporation 6.38 15/08/2021 390,975 0.18370,000 SLM Corporation 8.45 15/06/2018 431,050 0.20575,000 Springleaf FinanceCorporation 6.90 15/12/2017 628,475 0.29295,000 Springleaf FinanceCorporation 7.75 01/10/2021 318,600 0.15240,000 Springleaf FinanceCorporation 6.0001/06/2020 240,000 0.11470,000 Walter InvestmentManagementCorporation 7.88 15/12/2021 475,875 0.223,862,120 1.79Consumer Goods (1.08%)475,000 Elizabeth ArdenIncorporated 7.38 15/03/2021 517,750 0.24670,000 Libbey GlassIncorporated 6.88 15/05/2020 723,600 0.34280,000 Prestige BrandsIncorporated 5.38 15/12/2021 282,100 0.13The accompanying notes form an integral part of these financial statements.U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundConsumer Goods cont.USD 810,000 Revlon ConsumerProductsCorporation 5.75 15/02/2021 USD 798,863 0.372,322,313 1.08Consumer Services (1.54%)320,000 Affinion GroupIncorporated 7.88 15/12/2018 288,000 0.13710,000 Ashtead CapitalIncorporated 6.50 15/07/2022 757,038 0.35260,000 Avis Budget CarRental LLC 9.75 15/03/2020 303,550 0.14195,000 Avis Budget CarRental LLC 5.50 01/04/2023 188,906 0.09195,000 CorrectionsCorporation ofAmerica (R) 4.63 01/05/2023 183,788 0.09155,000 CorrectionsCorporation ofAmerica (R) 4.1301/04/2020 151,900 0.07320,000 Hertz Corporation 7.50 15/10/2018 345,200 0.16260,000 Hertz Corporation 6.25 15/10/2022 268,450 0.12260,000 Hertz Corporation 5.88 15/10/2020 269,425 0.13260,000 United Rentals NorthAmerica Incorporated 7.63 15/04/2022 288,925 0.13250,000 United Rentals NorthAmerica Incorporated 7.38 15/05/2020 277,188 0.133,322,370 1.54Containers (0.83%)300,000 Crown Americas LLC 4.50 15/01/2023 280,500 0.131,120,000 Reynolds GroupIssuer Incorporated 9.88 15/08/2019 1,241,800 0.58250,000 Reynolds GroupIssuer Incorporated 9.00 15/04/2019 268,125 0.121,790,425 0.83Electric Utilities (0.69%)220,000 AES Corporation 8.0001/06/2020 257,400 0.12770,000 AES Corporation 7.38 01/07/2021 868,175 0.40400,000 AES Corporation 4.88 15/05/2023 375,000 0.171,500,575 0.69Electronics (0.82%)245,000 FreescaleSemiconductorIncorporated 6.00 15/01/2022 247,756 0.12981,000 FreescaleSemiconductorIncorporated 10.7501/08/2020 1,113,435 0.51414,000 Jazz TechnologiesIncorporated 8.0030/06/2015 404,168 0.191,765,359 0.82Energy (Oil Field) (0.84%)355,000 Forum EnergyTechnologiesIncorporated 6.25 01/10/2021 372,750 0.17870,000 Hiland Partners LP 7.25 01/10/2020 933,075 0.43500,000 Key Energy ServicesIncorporated 6.75 01/03/2021 512,500 0.241,818,325 0.84Entertainment (1.10%)315,000 AMC EntertainmentIncorporated 9.75 01/12/2020 360,281 0.17380,000 Cedar Fair LP 5.25 15/03/2021 375,250 0.17155,000 Churchill DownsIncorporated 5.38 15/12/2021 157,713 0.07310,000 Cinemark USAIncorporated 5.13 15/12/2022 299,925 0.1460,000 Cinemark USAIncorporated 4.88 01/06/2023 56,400 0.0382 Putnam World Trust

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundEntertainment cont.USD 105,000 Cinemark USAIncorporated 7.38 15/06/2021 USD 116,025 0.05350,000 GLP Capital LP 4.88 01/11/2020 350,000 0.16130,000 GLP Capital LP 4.38 01/11/2018 132,925 0.06155,000 Regal EntertainmentGroup 5.75 01/02/2025 146,281 0.07390,000 Regal EntertainmentGroup 5.75 15/06/2023 383,175 0.182,377,975 1.10Financial (0.92%)170,000 CIT GroupIncorporated 5.00 01/08/2023 163,625 0.08415,000 CIT GroupIncorporated 5.00 15/08/2022 404,625 0.191,000 CIT GroupIncorporated 5.38 15/05/2020 1,063 -250,000 CNG HoldingsIncorporated 9.38 15/05/2020 230,000 0.11350,000 Community ChoiceFinancialIncorporated 10.75 01/05/2019 293,125 0.14320,000 Icahn Enterprises LP 6.0001/08/2020 329,600 0.15280,000 Icahn Enterprises LP 8.00 15/01/2018 291,200 0.14215,000 TMX Finance LLC 8.50 15/09/2018 227,900 0.111,941,138 0.92Food (1.22%)250,000 B&G FoodsIncorporated 4.63 01/06/2021 239,375 0.11370,000 Dean FoodsCompany 7.00 01/06/2016 408,850 0.19595,000 Hawk AcquisitionSub Incorporated 4.25 15/10/2020 575,663 0.2750,000 Post HoldingsIncorporated 7.38 15/02/2022 53,500 0.02490,000 Post HoldingsIncorporated 7.38 15/02/2022 524,300 0.24800,000 Smithfield FoodsIncorporated 6.63 15/08/2022 846,000 0.392,647,688 1.22Forest Products and Packaging (0.61%)280,000 Boise CascadeCompany 6.38 01/11/2020 294,700 0.14280,000 Graphic PackagingInternationalIncorporated 4.75 15/04/2021 277,200 0.13655,000 Louisiana-PacificCorporation 7.5001/06/2020 728,688 0.341,300,588 0.61Gaming and Lottery (1.78%)900,000 CaesarsEntertainmentOperating CompanyIncorporated 9.00 15/02/2020 875,250 0.41455,000 CCM MergerIncorporated 9.13 01/05/2019 476,613 0.22395,000 Isle of Capri CasinosIncorporated 8.88 15/06/2020 421,663 0.201,000,000 MTR Gaming GroupIncorporated 11.50 01/08/2019 1,111,250 0.51225,000 Penn NationalGaming Incorporated 5.88 01/11/2021 222,188 0.10705,000 ROC Finance LLC 12.13 01/09/2018 724,388 0.343,831,352 1.78U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundHealth-Care Services (3.67%)USD 395,000 Acadia HealthcareCompanyIncorporated 6.13 15/03/2021 USD 404,875 0.19395,000 AmSurg Corporation 5.63 30/11/2020 410,800 0.19295,000 Aviv HealthcareProperties LP 6.00 15/10/2021 300,163 0.14875,000 Community HealthSystemsIncorporated 5.13 15/08/2018 905,625 0.42260,000 Envision HealthcareCorporation 8.13 01/06/2019 281,775 0.131,331,000 HCA Incorporated 6.50 15/02/2020 1,462,436 0.68830,000 Health NetIncorporated 6.38 01/06/2017 894,325 0.42170,000 HealthcareTechnologyIntermediateIncorporated 7.38 01/09/2018 176,375 0.08546,000 IASIS Healthcare LLC 8.38 15/05/2019 578,760 0.27255,000 MPH IntermediateHolding Company 8.38 01/08/2018 264,881 0.12210,000 Tenet HealthcareCorporation 6.00 01/10/2020 219,188 0.1085,000 Tenet HealthcareCorporation 4.50 01/04/2021 80,538 0.04410,000 Tenet HealthcareCorporation 6.25 01/11/2018 455,100 0.21750,000 United SurgicalPartnersInternationalIncorporated 9.0001/04/2020 840,000 0.39600,000 WellCare HealthPlans Incorporated 5.75 15/11/2020 613,500 0.297,888,341 3.67Homebuilding (1.16%)555,000 Beazer Homes USAIncorporated 8.13 15/06/2016 618,825 0.29350,000 Howard HughesCorporation 6.88 01/10/2021 363,125 0.17340,000 Lennar Corporation 4.75 15/11/2022 315,350 0.15220,000 Pulte GroupIncorporated 7.88 15/06/2032 226,050 0.11685,000 PulteGroupIncorporated 6.00 15/02/2035 580,538 0.27190,000 Standard PacificCorporation 6.25 15/12/2021 198,075 0.09176,000 Taylor MorrisonCommunitiesIncorporated 5.25 15/04/2021 171,160 0.082,473,123 1.16Insurance (0.55%)300,000 A-S Co-IssuerSubsidiaryIncorporated 7.88 15/12/2020 315,750 0.15417,000 AmericanInternational GroupIncorporated 8.18 01/01/2068 504,570 0.23360,000 Hockey Merger Sub 2Incorporated 7.88 01/10/2021 369,900 0.171,190,220 0.55Investment Banking/Brokerage (0.64%)520,000 E*Trade FinancialCorporation 6.38 15/11/2019 558,350 0.26530,000 Nuveen InvestmentsIncorporated 9.50 15/10/2020 531,325 0.25270,000 Nuveen InvestmentsIncorporated 9.13 15/10/2017 270,000 0.131,359,675 0.64The accompanying notes form an integral part of these financial statements.Putnam World Trust 83

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundLodging/Tourism (1.20%)USD 465,000 FelCor Lodging LP (R) 6.75 01/06/2019 USD 495,225 0.23285,000 FelCor Lodging LP (R) 5.63 01/03/2023 277,875 0.13550,000 MGM ResortsInternational 6.75 01/10/2020 588,500 0.27805,000 MGM ResortsInternational 8.63 01/02/2019 943,863 0.44250,000 MGM ResortsInternational 7.75 15/03/2022 278,125 0.132,583,588 1.20Machinery (0.73%)466,000 Briggs & StrattonCorporation 6.88 15/12/2020 512,018 0.24250,000 Manitowoc CompanyIncorporated 5.88 15/10/2022 252,500 0.12125,000 Terex Corporation 6.5001/04/2020 133,750 0.06635,000 Terex Corporation 6.00 15/05/2021 655,638 0.311,553,906 0.73Manufacturing (0.59%)355,000 Exide Technologies 8.63 01/02/2018 253,825 0.12420,000 MasTec Incorporated 4.88 15/03/2023 396,900 0.18354,000 ThermadyneHoldings Corporation 9.00 15/12/2017 378,780 0.18170,000 Titan InternationalIncorporated 6.88 01/10/2020 177,225 0.0875,000 WESCO DistributionIncorporated 5.38 15/12/2021 75,000 0.031,281,730 0.59Medical services (0.38%)195,000 Service CorporationInternational 5.38 15/01/2022 197,438 0.09590,000 Stewart EnterprisesIncorporated 6.50 15/04/2019 625,400 0.29822,838 0.38Medical Technology (0.80%)325,000 Biomet Incorporated 6.50 01/10/2020 334,750 0.16455,000 Biomet Incorporated 6.5001/08/2020 477,750 0.22780,000 Kinetic ConceptsIncorporated 10.50 01/11/2018 897,000 0.421,709,500 0.80Metals (0.74%)160,000 Novelis Incorporated 8.75 15/12/2020 178,000 0.08720,000 RyersonIncorporated 9.00 15/10/2017 763,200 0.36210,000 Steel DynamicsIncorporated 7.63 15/03/2020 227,850 0.11290,000 Steel DynamicsIncorporated 6.38 15/08/2022 313,200 0.1590,000 TMS InternationalCorporation 7.63 15/10/2021 95,400 0.041,577,650 0.74Natural Gas Utilities (2.03%)850,000 El Paso Corporation 7.00 15/06/2017 961,041 0.45420,000 El Paso Corporation 7.80 01/08/2031 425,096 0.20350,000 El Paso Corporation 7.75 15/01/2032 355,269 0.17380,000 Energy TransferEquity LP 7.50 15/10/2020 426,550 0.20100,000 EP Energy 6.88 01/05/2019 107,625 0.05585,000 EP Energy 9.3801/05/2020 674,944 0.31185,000 Kinder MorganIncorporated 5.00 15/02/2021 181,300 0.081,150,000 Regency EnergyPartners 6.88 01/12/2018 1,233,375 0.574,365,200 2.03U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundOil and Gas (10.24%)USD 235,000 Access MidstreamPartners LP 5.88 15/04/2021 USD 250,275 0.12485,000 Access MidstreamPartners LP 6.13 15/07/2022 518,950 0.24550,000 Access MidstreamPartners LP 4.88 15/05/2023 530,750 0.25220,000 Antero ResourcesFinance Corporation 5.38 01/11/2021 222,200 0.10720,000 Athlon Holdings LP 7.38 15/04/2021 756,000 0.35315,000 Carrizo Oil & GasIncorporated 8.63 15/10/2018 340,988 0.16860,000 Chaparral EnergyIncorporated 9.88 01/10/2020 971,800 0.45150,000 Chaparral EnergyIncorporated 8.25 01/09/2021 162,750 0.08160,000 Chesapeake EnergyCorporation 9.50 15/02/2015 173,400 0.08255,000 Chesapeake EnergyCorporation 6.88 15/11/2020 288,150 0.13195,000 Chesapeake EnergyCorporation 5.75 15/03/2023 200,850 0.09880,000 Concho ResourcesIncorporated 6.50 15/01/2022 950,400 0.4435,000 Concho ResourcesIncorporated 5.50 01/04/2023 35,963 0.02165,000 Concho ResourcesIncorporated 5.50 01/10/2022 170,363 0.08780,000 ContinentalResourcesIncorporated 5.00 15/09/2022 810,225 0.38325,000 Crosstex Energy LP 8.88 15/02/2018 341,656 0.16527,000 Denbury ResourcesIncorporated 8.25 15/02/2020 581,018 0.27790,000 Forbes EnergyServices Limited 9.00 15/06/2019 774,200 0.36788,000 Goodrich PetroleumCorporation 8.88 15/03/2019 819,520 0.38400,000 Gulfport EnergyCorporation 7.75 01/11/2020 426,000 0.20600,000 Halcon ResourcesCorporation 8.88 15/05/2021 606,000 0.28675,000 Hercules OffshoreIncorporated 7.13 01/04/2017 718,031 0.33140,000 Hercules OffshoreIncorporated 7.50 01/10/2021 148,400 0.07535,000 Laredo PetroleumIncorporated 9.50 15/02/2019 597,863 0.281,120,000 Linn Energy LLC 6.50 15/05/2019 1,142,400 0.521,190,000 Milagro Oil & GasIncorporated 10.50 15/05/2016 892,500 0.42900,000 Newfield ExplorationCompany 5.63 01/07/2024 895,500 0.42359,000 Northern Oil and GasIncorporated 8.0001/06/2020 376,053 0.18750,000 Oasis PetroleumIncorporated 6.88 15/01/2023 796,875 0.37150,000 Plains Exploration &Production Company 6.75 01/02/2022 165,229 0.08245,000 Range ResourcesCorporation 6.7501/08/2020 265,213 0.12385,000 Range ResourcesCorporation 5.00 15/08/2022 378,263 0.18265,000 Rosetta ResourcesIncorporated 5.63 01/05/2021 264,338 0.12190,000 Sabine PassLiquefaction 6.25 15/03/2022 188,575 0.09190,000 Sabine Pass LNG LP 7.50 30/11/2016 214,700 0.10655,000 Sabine Pass LNG LP 6.50 01/11/2020 679,563 0.32The accompanying notes form an integral part of these financial statements.84 Putnam World Trust

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundOil and Gas cont.USD 490,000 Samson InvestmentCompany 10.50 15/02/2020 USD 534,100 0.25580,000 SandRidge EnergyIncorporated 7.50 15/03/2021 607,550 0.28485,000 SM Energy Company 6.63 15/02/2019 515,313 0.24205,000 SM Energy Company 6.50 15/11/2021 217,300 0.10565,000 Unit Corporation 6.63 15/05/2021 596,075 0.28895,000 Whiting PetroleumCorporation 5.75 15/03/2021 935,275 0.4469,000 Williams Cos.Incorporated 7.75 15/06/2031 73,983 0.03235,000 WPX EnergyIncorporated 6.00 15/01/2022 235,000 0.11585,000 WPX EnergyIncorporated 5.25 15/01/2017 624,488 0.2921,994,045 10.24Pharmaceuticals (0.53%)EUR 215,000 Capsugel FinanceCo 9.88 01/08/2019 329,787 0.15USD 155,000 Endo FinanceCompany 5.75 15/01/2022 156,356 0.07490,000 Par PharmaceuticalCos. Incorporated 7.38 15/10/2020 506,538 0.24150,000 SalixPharmaceuticalsLimited 6.00 15/01/2021 153,750 0.071,146,431 0.53Power Producers (1.21%)95,000 Calpine Corporation 6.00 15/01/2022 97,138 0.0570,000 Calpine Corporation 5.88 15/01/2024 68,600 0.0370,000 Energy FutureIntermediate HoldingCompany LLC 12.25 01/03/2022 82,250 0.041,175,000 Energy FutureIntermediate HoldingCompany LLC 10.00 01/12/2020 1,245,500 0.58300,000 GenOn AmericasGeneration LLC 9.13 01/05/2031 305,250 0.1480,000 GenOn EnergyIncorporated 9.88 15/10/2020 88,800 0.04625,000 NRG EnergyIncorporated 7.63 15/01/2018 712,500 0.332,600,038 1.21Publishing (0.22%)58,420 American MediaIncorporated 13.50 15/06/2018 63,094 0.03255,000 Gannett CompanyIncorporated 5.13 15/07/2020 258,188 0.12145,000 Gannett CompanyIncorporated 5.13 15/10/2019 150,981 0.07472,263 0.22Real Estate (0.76%)355,000 Allegion US HoldingCompanyIncorporated 5.75 01/10/2021 369,200 0.17450,000 CB Richard EllisServicesIncorporated 6.63 15/10/2020 481,500 0.22115,000 CBRE ServicesIncorporated 5.00 15/03/2023 110,544 0.05225,000 MPT OperatingPartnership LP 6.88 01/05/2021 240,750 0.11430,000 MPT OperatingPartnership LP 6.38 15/02/2022 445,050 0.211,647,044 0.76Regional Bells (0.12%)105,000 CyrusOne LP 6.38 15/11/2022 108,675 0.05U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundRegional Bells cont.USD 65,000 FrontierCommunicationsCorporation 8.13 01/10/2018 USD 74,425 0.0390,000 FrontierCommunicationsCorporation 7.63 15/04/2024 90,000 0.04273,100 0.12Restaurants (0.58%)475,000 Dave & Buster'sIncorporated 11.00 01/06/2018 520,719 0.24670,000 Landry'sIncorporated 9.3801/05/2020 730,300 0.341,251,019 0.58Retail (4.70%)305,000 AutonationIncorporated 6.75 15/04/2018 353,038 0.16455,000 AutonationIncorporated 5.5001/02/2020 489,125 0.2312,000 Bon-Ton DepartmentStores Incorporated 10.63 15/07/2017 12,000 0.01125,000 Bon-Ton DepartmentStores Incorporated 8.00 15/06/2021 125,938 0.06990,000 Burlington CoatFactory WarehouseCorporation 10.00 15/02/2019 1,114,988 0.52145,000 Chinos IntermediateHoldings AIncorporated 7.75 01/05/2019 147,538 0.07915,000 Claire's StoresIncorporated 8.88 15/03/2019 942,450 0.44685,000 CST BrandsIncorporated 5.00 01/05/2023 661,025 0.31570,000 L BrandsIncorporated 6.63 01/04/2021 624,150 0.29675,000 L BrandsIncorporated 5.63 15/02/2022 690,188 0.321,118,000 Michaels StoresIncorporated 11.38 01/11/2016 1,144,575 0.53550,000 Needle Merger SubCorporation 8.13 15/03/2019 575,438 0.2790,000 Neiman MarcusGroup LLC 8.00 15/10/2021 94,050 0.04190,000 Neiman MarcusGroup LLC 8.75 15/10/2021 199,025 0.09895,000 Neiman MarcusGroup LLC 7.13 01/06/2028 886,050 0.41730,000 Penske AutomotiveGroup Incorporated 5.75 01/10/2022 746,425 0.35405,000 Petco HoldingsIncorporated 8.50 15/10/2017 413,100 0.19775,000 Rite Aid Corporation 9.25 15/03/2020 889,313 0.4110,108,416 4.70Shipping (0.35%)699,000 Air Medical GroupHoldingsIncorporated 9.25 01/11/2018 756,668 0.35756,668 0.35Software (0.46%)565,000 Epicor SoftwareCorporation 8.63 01/05/2019 613,025 0.29135,000 Infor USIncorporated 9.38 01/04/2019 151,875 0.07185,000 Infor USIncorporated 11.50 15/07/2018 213,213 0.10978,113 0.46Technology Services (1.86%)690,000 First DataCorporation 11.25 15/01/2021 761,588 0.35The accompanying notes form an integral part of these financial statements.Putnam World Trust 85

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundTechnology Services cont.USD 745,000 First DataCorporation 11.75 15/08/2021 USD 785,975 0.37240,000 First DataCorporation 11.75 15/08/2021 253,200 0.121,550,000 First DataCorporation 12.63 15/01/2021 1,819,313 0.85365,000 Iron MountainIncorporated 6.00 15/08/2023 374,125 0.173,994,201 1.86Telecommunications (4.01%)605,000 Crown CastleInternationalCorporation 5.25 15/01/2023 592,900 0.28135,000 Hughes SatelliteSystems Corporation 6.50 15/06/2019 146,138 0.07660,000 Hughes SatelliteSystems Corporation 7.63 15/06/2021 735,900 0.34125,000 Level 3 FinancingIncorporated 6.13 15/01/2021 126,250 0.06145,000 Level 3 FinancingIncorporated 8.63 15/07/2020 162,400 0.0820,000 Level 3 FinancingIncorporated 8.13 01/07/2019 21,900 0.01290,000 Level 3 FinancingIncorporated 7.0001/06/2020 307,400 0.14315,000 MetroPCS WirelessIncorporated 6.63 01/04/2023 325,238 0.15895,000 MetroPCS WirelessIncorporated 6.25 01/04/2021 928,563 0.43475,000 Qwest Corporation 6.75 01/12/2021 517,825 0.2485,000 Qwest Corporation 7.25 15/09/2025 90,522 0.04590,000 SBATelecommunicationsIncorporated 5.75 15/07/2020 613,600 0.29850,000 Sprint CapitalCorporation 6.88 15/11/2028 801,125 0.371,115,000 SprintCommunicationsIncorporated 7.00 15/08/2020 1,209,775 0.55970,000 Sprint Corporation 7.88 15/09/2023 1,042,750 0.49935,000 Sprint Corporation 7.25 15/09/2021 1,003,956 0.478,626,242 4.01Telephone (0.64%)355,000 CenturyLinkIncorporated 6.75 01/12/2023 359,438 0.17150,000 T-Mobile USAIncorporated 5.25 01/09/2018 157,875 0.0760,000 T-Mobile USAIncorporated 6.84 28/04/2023 62,025 0.0345,000 T-Mobile USAIncorporated 6.63 28/04/2021 47,025 0.02145,000 T-Mobile USAIncorporated 6.13 15/01/2022 147,900 0.07200,000 WindstreamCorporation 7.75 01/10/2021 212,000 0.10420,000 WindstreamCorporation 6.38 01/08/2023 392,700 0.181,378,963 0.64Textiles (0.42%)705,000 HanesbrandsIncorporated 6.38 15/12/2020 770,213 0.3650,000 QuiksilverIncorporated/QSWholesaleIncorporated 7.88 01/08/2018 54,250 0.03U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundTextiles cont.USD 50,000 QuiksilverIncorporated/QSWholesaleIncorporated 10.0001/08/2020 USD 56,500 0.03880,963 0.42Trucks and Parts (0.43%)452,000 American Axle &ManufacturingIncorporated 7.75 15/11/2019 517,540 0.24195,000 Delphi Corporation 5.00 15/02/2023 200,850 0.09195,000 Pittsburgh GlassWorks LLC 8.00 15/11/2018 205,238 0.10923,628 0.43Waste Management (0.44%)865,000 ADS Waste HoldingsIncorporated 8.25 01/10/2020 938,525 0.44938,525 0.44Total U.S. Corporate Bonds and Notes USD 141,196,819 65.71NON-U.S. CORPORATE BONDS AND NOTES (24.04%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundAirlines (0.50%)CHF 910,000 Aguila 3 SA 7.88 31/01/2018 USD 1,081,330 0.501,081,330 0.50Automotive (0.20%)USD 240,000 AA Bond CompanyLimited (Jersey) 9.50 31/07/2019 436,177 0.20436,177 0.20Banking (4.27%)620,000 Barclays Bank PLC(United Kingdom) 6.0029/06/2049 965,088 0.45170,000 Barclays Bank PLC(United Kingdom) 4.88 29/12/2049 211,415 0.10750,000 BBVA International(Spain) 5.92 perpetual 721,875 0.34500,000 BPCE SA (France) 4.75 29/12/2049 659,909 0.31200,000 Commerzbank AG(Germany) 8.13 19/09/2023 220,500 0.10800,000 Credit Agricole SA(France) 7.59 29/01/2049 1,389,170 0.65GBP Lloyds Bank PLC850,000 (United Kingdom) 13.00 perpetual 2,236,496 1.03USD 85,000 Royal Bank ofScotland Group PLC(United Kingdom) 5.50 29/11/2049 98,810 0.05500,000 Royal Bank ofScotland Group PLC(United Kingdom) 7.64 perpetual 487,500 0.23585,000 Royal Bank ofScotland Group PLC(United Kingdom) 7.65 perpetual 612,788 0.29GBP Societe Generale SA860,000 (France) 8.8829/06/2049 1,571,371 0.729,174,922 4.27Broadcasting (0.36%)USD Numericable Finance495,000 (Luxembourg) 8.75 15/02/2019 773,222 0.36773,222 0.36Cable Television (1.94%)770,000 Quebecor MediaIncorporated(Canada) 5.75 15/01/2023 744,975 0.35EUR Unitymedia GmbH605,000 (Germany) 9.50 15/03/2021 966,148 0.45The accompanying notes form an integral part of these financial statements.86 Putnam World Trust

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. CORPORATE BONDS AND NOTES (24.04%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCable Television cont.EUR 725,000 UPC Holdings BV(Netherlands) 8.38 15/08/2020USD Videotron Limited455,000GBP 85,000 Virgin Media FinanceUSD1,097,519 0.51(Canada) 5.00 15/07/2022 444,763 0.21PLC (United Kingdom) 8.88 15/10/2019 152,935 0.07USD Virgin Media Finance430,000 PLC (United Kingdom) 7.00 15/04/2023 741,395 0.354,147,735 1.94Chemicals (0.96%)545,000 Celanese USHoldings LLC(Germany) 5.88 15/06/2021 580,425 0.27160,000 HuntsmanInternational LLC 5.13 15/04/2021 220,937 0.10215,000 Ineos Finance PLC(United Kingdom) 8.38 15/02/2019 239,188 0.11725,000 INEOS GroupHoldings SA(Luxembourg) 6.13 15/08/2018 729,531 0.34260,000 Taminco GlobalChemical Corporation(Belgium) 9.75 31/03/2020 295,100 0.142,065,181 0.96Commercial and Consumer Services (1.48%)650,000 AA Company Limited(United Kingdom) PIK 9.50 07/11/2019 1,087,131 0.51265,000 Garda WorldSecurity Corporation(Canada) 7.25 15/11/2021 268,644 0.13125,000 KraussMaffei GroupGmbH (Germany) 8.75 15/12/2020 192,503 0.09250,000 Thomas Cook GroupPLC (United Kingdom) 7.75 15/06/2020 375,325 0.17GBP Thomas Cook Group695,000PLC (United Kingdom) 7.75 22/06/2017 1,251,588 0.583,175,191 1.48Construction (0.47%)USD495,000 Cemex Finance LLC 9.38 12/10/2022 558,113 0.26200,000 Cemex Finance LLC 7.25 15/01/2021 207,000 0.10240,000 Cemex Finance LLC 5.88 25/03/2019 240,600 0.111,005,713 0.47Containers (0.43%)475,000 Ardagh PackagingFinance PLC(Ireland) 9.25 15/10/2020 710,635 0.33200,000 Reynolds GroupIssuer Incorporated(New Zealand) 8.25 15/02/2021 213,500 0.10924,135 0.43Electronics (1.11%)775,000 Techem EnergyMetering Service(Germany) 7.88 01/10/2020 1,195,440 0.56815,000 Trionista TopCoGmbH (Germany) 6.88 30/04/2021 1,183,567 0.552,379,007 1.11Energy (Oil Field) (0.57%)255,000 Offshore GroupInvestment Limited(Cayman Islands) 7.50 01/11/2019 276,714 0.13575,000 Offshore GroupInvestment Limited(Cayman Islands) 7.13 01/04/2023 586,500 0.27NON-U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundEnergy (Oil Field) cont.CAD Tervita Corporation300,000 (Canada) 9.00 15/11/2018USD289,415 0.13USD 90,000 Tervita Corporation(Canada) 10.88 15/02/2018 90,954 0.041,243,583 0.57Financial (0.04%)80,000 National Money MartCompany (Canada) 10.38 15/12/2016 81,200 0.0481,200 0.04Food (0.46%)150,000 Brakes Capital(United Kingdom) 7.13 15/12/2018 247,772 0.12570,000 ESAL GmbH (Brazil) 6.25 05/02/2023 508,658 0.24115,000 JBS USA LLC (Brazil) 7.25 01/06/2021 119,600 0.0685,000 JBS USA LLC (Brazil) 8.25 01/02/2020 92,225 0.04968,255 0.46Forest Products and Packaging (0.75%)145,000 Beverage PackagingHoldingsLuxembourg II SA(Luxembourg) 6.00 15/06/2017 147,175 0.07200,000 Exopack Holdings SA(Luxembourg) 7.88 01/11/2019 204,500 0.101,145,000 Smurfit KappaTreasury FundingLimited (Ireland) 7.50 20/11/2025 1,252,344 0.581,604,019 0.75Gaming and Lottery (0.19%)110,000 Intralot FinanceLuxembourg SA(Luxembourg) 9.75 15/08/2018 165,136 0.08165,000 Snai SpA (Italy) 7.63 15/06/2018 226,990 0.11392,126 0.19Health-Care Services (0.14%)215,000 Holding Medi-Partenaires SAS(France) 7.00 15/05/2020 303,261 0.14303,261 0.14Insurance (0.08%)100,000 Hastings InsuranceGroup Finance PLC(Jersey) 8.00 21/10/2020 171,391 0.08171,391 0.08Manufacturing (0.33%)545,000 Legrand France SA(France) 8.50 15/02/2025 703,011 0.33703,011 0.33Media (0.05%)110,000 Nielsen CompanyLuxembourg SARL(Luxembourg) 5.50 01/10/2021 112,200 0.05112,200 0.05Medical Technology (0.18%)385,000 ConvaTec FinanceInternational SA(Luxembourg) 8.25 15/01/2019 394,144 0.18394,144 0.18Metals (1.09%)1,205,000 ArcelorMittal(France) 10.35 01/06/2019 1,526,011 0.71495,000 ArcelorMittal(France) 7.50 15/10/2039 486,338 0.23305,000 FMG ResourcesLimited (Australia) 6.88 01/04/2022 332,450 0.152,344,799 1.09The accompanying notes form an integral part of these financial statements.Putnam World Trust 87

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundOil and Gas (0.22%)USD 455,000 Connacher Oil andGas Limited (Canada) 8.50 01/08/2019USD312,813 0.15515,000 Lone Pine ResourcesCanada Limited(Canada) 10.38 15/02/2017 154,500 0.07467,313 0.22Pharmaceuticals (0.05%)95,000 Capsugel SA(Luxembourg) 7.00 15/05/2019 96,781 0.0596,781 0.05Restaurants (0.84%)GBP Enterprise Inns PLC1,055,000 (United Kingdom) 6.50 06/12/2018 1,809,623 0.841,809,623 0.84Retail (1.48%)USD DFS Furniture695,000 Holdings PLC(United Kingdom) 7.63 15/08/2018 1,225,693 0.57435,000 House of FraserFunding PLC(United Kingdom) 8.88 15/08/2018 786,624 0.37730,000 Phosphorus HoldcoPLC (United Kingdom) 10.00 01/04/2019 1,171,442 0.543,183,759 1.48Technology (0.41%)905,000 SoftBankCorporation (Japan) 4.50 15/04/2020 882,375 0.41882,375 0.41Telecommunications (3.81%)230,000 Digicel GroupLimited (Jamaica) 8.25 30/09/2020 238,338 0.11330,000 Intelsat JacksonHoldings SA(Bermuda) 7.50 01/04/2021 363,825 0.171,095,000 Intelsat LuxembourgSA (Luxembourg) 8.13 01/06/2023 1,174,388 0.55970,000 Intelsat LuxembourgSA (Luxembourg) 7.75 01/06/2021 1,040,325 0.48655,000 Koninklijke KPN NV(Netherlands) 6.13 29/03/2049 953,571 0.44285,000 NII InternationalTelecom Sarl(Luxembourg) 7.88 15/08/2019 215,175 0.10280,000 OLE PLC (UnitedKingdom) 7.88 07/02/2018 438,873 0.20GBP Phones4U Finance PLC625,000 (United Kingdom) 9.50 01/04/2018 1,096,342 0.50USD Telenet Finance V620,000 Luxembourg SCA(Luxembourg) 6.75 15/08/2024 906,148 0.42EUR Wind Acquisition1,238,806 Holdings Finance SA(Luxembourg) 12.25 15/07/2017 1,795,111 0.848,222,096 3.81Telephone (0.27%)USD Telefonica Europe400,000 BV (Spain) 6.50 29/09/2049 588,799 0.27588,799 0.27Transportation Services (0.32%)640,000 CHC Helicopter SA(Canada) 9.25 15/10/2020 689,600 0.32689,600 0.32Trucks and Parts (1.04%)EUR Gestamp Funding685,000 Luxembourg SA(Luxembourg) 5.88 31/05/2020 996,539 0.46USD Schaeffler Holding295,000 Finance BV(Netherlands) 6.88 15/08/2018 312,700 0.15The accompanying notes form an integral part of these financial statements.88 Putnam World TrustNON-U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundTrucks and Parts cont.EUR Schaeffler Holding630,000 Finance BV(Netherlands) 6.88 15/08/2018USD926,276 0.432,235,515 1.04Total Non-U.S. Corporate Bonds and Notes USD 51,656,463 24.04REPURCHASE AGREEMENTS (4.31%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD Repurchase9,262,000 Agreements*-USDBarclays Capital, Inc. 0.01 01/02/2014 9,262,000 4.31Total Repurchase Agreements USD 9,262,000 4.31* Interest in USD 9,262,000 repurchase agreement dated 31 December2013 with Barclays Capital, Inc. due 2 January 2014 -- maturity value ofUSD9,262,005 for an effective yield of 0.01% (collateralised by U.S.Treasury Bills with coupon rate of 0.625% and due date of 30 November2017 valued at USD 9,455,014).U.S. EQUITIES (1.50%)Number of Value % ofShares USD FundCable Television (0.08%)3,065 DISH Network Corporation Class A USD 177,464 0.08177,464 0.08Chemicals (0.21%)10,150 Huntsman Corporation 249,690 0.122,330 LyondellBasell Industries NV Class A 187,029 0.09436,719 0.21Consumer (0.17%)6,130 Jarden Corporation 376,014 0.17376,014 0.17Consumer Goods (0.11%)6,725 Elizabeth Arden Incorporated 238,401 0.11238,401 0.11Financial (0.18%)26 Ally Financial Incorporated 193,700 0.093,807 CIT Group Incorporated 198,497 0.09392,197 0.18Food (0.01%)208 Harry & David Holdings Incorporated (F) 25,480 0.0125,480 0.01Forest Products and Packaging (0.10%)5,815 MeadWestvaco Corporation 214,574 0.10214,574 0.10Gaming and Lottery (-%)467 Trump Entertainment ResortsIncorporated (F) 934 -934 -Oil and Gas (0.39%)3,400 Gulfport Energy Corporation 214,676 0.1030,510 Kodiak Oil & Gas Corporation 341,712 0.16150,642 Vantage Drilling Company 277,181 0.13833,569 0.39Power Producers (0.14%)15,850 Calpine Corporation 308,917 0.14308,917 0.14Trucks and Parts (0.11%)10,935 American Axle & Manufacturing HoldingsIncorporated 223,511 0.11223,511 0.11Total U.S. Equities USD 3,227,780 1.50

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013PREFERRED STOCKS (0.96%)Number of Value % ofSharesUSD Fund663 Ally Financial Incorporated USD 633,227 0.2925,835 GMAC Capital Trust I 686,953 0.3229,307 M/I Homes Incorporated (F) 741,467 0.35Total Preferred Stocks USD 2,061,647 0.96CONVERTIBLE PREFERRED STOCKS (0.46%)Number of Value % ofSharesUSD Fund13,862 EPR Properties USD 283,521 0.137,270 MetLife Incorporated 228,714 0.118,703 Weyerhaeuser Company 484,921 0.22Total Convertible Preferred Stocks USD 997,156 0.46CONVERTIBLE BONDS AND NOTES (0.29%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD iStar Financial328,000 Incorporated 3.00 15/11/2016 USD 447,720 0.2190,000 XM Satellite RadioIncorporated 7.00 01/12/2014 176,513 0.08Total Convertible Bonds and Notes USD 624,233 0.29NON-U.S. EQUITIES (0.10%)Number of Value % ofSharesUSD Fund3,480 Delphi Automotive PLC (United Kingdom) USD 209,218 0.10Total Non-U.S. Equities USD 209,218 0.10WARRANTS (-%)Number of Expiration Strike Value % ofWarrants date price USD Fund7 Ion Media NetworksIncorporated (F) 18/12/2016 USD 0.01 USD 2,170 -153,867 TowerSemiconductorLimited (Israel) (F) 30/06/2015 USD 1.70 - -Total Warrants USD 2,170 -SHORT-TERM INVESTMENTS (0.68%)Principal Effective Maturity Value % ofAmounts Yield Dates USD FundUSDUSD255,000 US Treasury Bills * 0.12 13/11/2014 254,722 0.12121,000 US Treasury Bills ** 0.09 16/10/2014 120,908 0.06321,000 US Treasury Bills *** 0.08-0.10 21/08/2014 320,816 0.15110,000 US Treasury Bills ** 0.10 24/07/2014 109,935 0.05653,000 US Treasury Bills **** 0.06-0.15 06/02/2014 652,903 0.30Total Short-Term Investments USD 1,459,284 0.68Total Value of Investments USD 210,696,770 98.05* Security is fully held as collateral by Barclays Capital, Citibank and JPMorgan.** Security is fully held as collateral by Barclays Capital.*** Security is partly held as collateral by Barclays Capital, Credit Suisse and DeutscheBank.**** Security is fully held as collateral by Barclays Capital and UBS.(F) is valued at fair value following procedures approved by the Investment Advisor.Securities may be classified as Level 2 or Level 3 for FinancialReporting Standard 29 ("FRS 29"), "Improving Disclosures about FinancialInstruments based on the securities' valuation inputs.(R) Real Estate Investment Trust.The accompanying notes form an integral part of these financial statements.Putnam World Trust 89

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013OTC CREDIT DEFAULT CONTRACTS OUTSTANDING (-0.42%)UpfrontPremiumSwap Counterparty/ReceivedReferenced debt*(paid)**CurrencyNotionalAmountTerminationDateFixed paymentsReceived (paid) byFund per annumUnrealisedAppreciation/(Depreciation)USDBarclays Bank PLCNA HY Series 19 Index USD 109,375 USD 10,000,000 20/12/2017 (500 bp) USD (910,692) (0.42)Net Unrealised Depreciation on OTC Credit Default Contracts Outstanding USD (910,692) (0.42)* Payments related to the referenced debt are made upon a credit default event.** Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.For information on the credit risks associated with Credit Default Contracts, please refer to Note 5(f) of the financial statements.FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.61%)CounterpartyCurrencyContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDBank of America N.A.Euro Sell 19/03/2014 841,930 853,000 USD 11,070 0.01Barclays Bank PLCBritish Pound Sell 19/03/2014 2,898,762 2,861,763 (36,999) (0.02)British Pound Sell 19/03/2014 12,716,801 12,844,800 127,999 0.06Euro Sell 19/03/2014 2,567,065 2,527,098 (39,967) (0.02)Euro Sell 19/03/2014 833,394 844,400 11,006 0.01Swiss Franc Sell 19/03/2014 396,435 390,189 (6,246) -Citibank, N.A.British Pound Sell 19/03/2014 2,576,219 2,544,547 (31,672) (0.01)British Pound Sell 19/03/2014 10,673,681 10,781,700 108,019 0.05Euro Sell 19/03/2014 2,909,246 2,864,242 (45,004) (0.02)Euro Sell 19/03/2014 519,821 522,000 2,179 -Euro Sell 19/03/2014 706,314 715,700 9,386 -Credit Suisse AGBritish Pound Sell 19/03/2014 2,363,708 2,334,683 (29,025) (0.01)British Pound Sell 19/03/2014 21,845,426 22,063,700 218,274 0.10Euro Buy 19/03/2014 82,918 81,921 997 -Euro Sell 19/03/2014 3,055,824 3,008,550 (47,274) (0.03)Euro Sell 19/03/2014 320,000 324,200 4,200 -Deutsche Bank AGBritish Pound Sell 19/03/2014 76,978 76,002 (976) -British Pound Sell 19/03/2014 363,196 359,462 (3,734) -British Pound Sell 19/03/2014 10,575,121 10,680,100 104,979 0.05British Pound Sell 19/03/2014 1,706,586 1,721,600 15,014 0.01Euro Buy 19/03/2014 189,686 188,842 844 -Euro Buy 19/03/2014 146,171 145,834 337 -Euro Sell 19/03/2014 1,602,028 1,576,088 (25,940) (0.01)Euro Sell 19/03/2014 358,397 359,120 723 -Euro Sell 19/03/2014 684,117 693,000 8,883 -Goldman Sachs InternationalBritish Pound Sell 19/03/2014 21,345,014 21,560,800 215,786 0.11Euro Sell 19/03/2014 192,681 189,742 (2,939) -Euro Sell 19/03/2014 447,749 453,700 5,951 -Euro Sell 19/03/2014 175,061 176,300 1,239 -HSBC Bank USA, National AssociationBritish Pound Sell 19/03/2014 6,523,360 6,598,900 75,540 0.04British Pound Sell 19/03/2014 10,726,479 10,833,500 107,021 0.05Euro Sell 19/03/2014 2,419,880 2,381,440 (38,440) (0.02)Euro Sell 19/03/2014 519,874 522,100 2,226 -Euro Sell 19/03/2014 492,075 498,500 6,425 -JPMorgan Chase Bank, N.A.British Pound Buy 19/03/2014 6,546,362 6,442,990 103,372 0.05British Pound Sell 19/03/2014 3,755,807 3,709,591 (46,216) (0.03)British Pound Sell 19/03/2014 6,451,028 6,336,565 (114,463) (0.06)British Pound Sell 19/03/2014 19,924,502 20,125,300 200,798 0.09% ofFund% ofFundThe accompanying notes form an integral part of these financial statements.90 Putnam World Trust

Putnam Global High Yield Bond FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.CounterpartyCurrencyContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDJPMorgan Chase Bank, N.A. cont.Canadian Dollar Sell 16/01/2014 304,496 312,738 USD 8,242 -Euro Buy 19/03/2014 866,864 866,644 220 -Euro Sell 19/03/2014 519,783 522,000 2,217 -Euro Sell 19/03/2014 366,067 370,900 4,833 -Swiss Franc Sell 19/03/2014 284,949 280,506 (4,443) -State Street Bank & Trust CompanyBritish Pound Sell 19/03/2014 3,215,685 3,176,015 (39,670) (0.02)British Pound Sell 19/03/2014 11,844,630 11,964,000 119,370 0.06Euro Buy 19/03/2014 213,285 213,341 (56) -Euro Sell 19/03/2014 3,194,589 3,145,212 (49,377) (0.03)Euro Sell 19/03/2014 527,449 526,366 (1,083) -Euro Sell 19/03/2014 519,882 526,700 6,818 -UBS AGBritish Pound Buy 19/03/2014 19,427 19,160 267 -British Pound Sell 19/03/2014 750,465 741,254 (9,211) -British Pound Sell 19/03/2014 443,144 437,103 (6,041) -British Pound Sell 19/03/2014 22,345,979 22,570,900 224,921 0.11Euro Buy 19/03/2014 304,499 304,424 75 -Euro Sell 19/03/2014 527,253 518,820 (8,433) -Euro Sell 19/03/2014 164,866 164,651 (215) -Euro Sell 19/03/2014 586,091 593,800 7,709 -Westpac Banking CorporationBritish Pound Sell 19/03/2014 107,250 105,596 (1,654) -British Pound Sell 19/03/2014 19,576,861 19,771,200 194,339 0.09Euro Sell 19/03/2014 414,033 407,661 (6,372) -Euro Sell 19/03/2014 780,858 791,000 10,142 -Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 1,921,421 0.89Unrealised Depreciation on Forward Foreign Exchange Currency Contracts USD (595,450) (0.28)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 1,325,971 0.61Total Financial Assets at Fair Value through Profit or Loss USD 212,618,191 98.94Total Financial Liabilities at Fair Value through Profit or Loss USD (1,506,142) (0.70)% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 91.83(b) Transferable securities other than those admitted to official stock exchange listing or dealt in on another regulated market 4.22(c) OTC financial derivative instruments 0.88(d) Other assets 3.07Total Assets 100.00% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 91

Putnam Total Return FundSchedule of Investments (unaudited)31 December 2013U.S. EQUITIES (27.63%)Number of Value % ofSharesUSD FundAdvertising and Marketing Services (0.13%)5,561 Omnicom Group Incorporated USD 413,572 0.12829 ValueClick Incorporated 19,365 0.01432,937 0.13Aerospace and Defense (0.24%)290 Alliant Techsystems Incorporated 35,293 0.01296 Astronics Corporation 15,078 -7,810 General Dynamics Corporation 746,167 0.23259 HEICO Corporation 15,004 -811,542 0.24Agriculture (-%)1,291 S&W Seed Company 8,972 -8,972 -Airlines (0.20%)2,694 Alaska Air Group Incorporated 197,686 0.061,928 Hawaiian Holdings Incorporated 18,567 0.011,174 Republic Airways Holdings Incorporated 12,550 -1,049 SkyWest Incorporated 15,546 -21,148 Southwest Airlines Company 398,428 0.12998 Spirit Airlines Incorporated 45,309 0.01688,086 0.20Automotive (0.01%)489 Navistar International Corporation 18,680 0.0118,680 0.01Banking (0.86%)596 Access National Corporation 8,773 -365 Bank of Kentucky Financial Corporation 10,479 -10,220 BankUnited Incorporated 336,340 0.10486 BofI Holding Incorporated 38,083 0.011,090 Cardinal Financial Corporation 19,598 0.01690 Citizens & Northern Corporation 14,193 -8,560 Commerce Bancshares Incorporated 384,258 0.115,353 Cullen/Frost Bankers Incorporated 398,477 0.12573 Eagle Bancorp Incorporated 17,517 0.01891 East West Bancorp Incorporated 31,140 0.01733 Financial Institutions Incorporated 18,098 0.01755 First Community BancsharesIncorporated 12,578 -918 FirstMerit Corporation 20,398 0.01726 Flushing Financial Corporation 15,028 -1,517 Hanmi Financial Corporation 33,146 0.01470 Heartland Financial USA Incorporated 13,503 -634 Heritage Financial Group Incorporated 12,128 -2,133 JPMorgan Chase & Company 124,717 0.046,561 M&T Bank Corporation 763,897 0.231,084 MainSource Financial Group Incorporated 19,501 0.01738 Pacific Premier Bancorp Incorporated 11,616 -599 PacWest Bancorp 25,272 0.01690 Peoples Bancorp Incorporated 15,380 -470 Republic Bancorp Incorporated Class A 11,515 -4,088 Signature Bank 438,888 0.132,604 Wells Fargo & Company 118,196 0.042,912,719 0.86Beverage (0.70%)13,491 Dr. Pepper Snapple Group Incorporated 657,147 0.2020,321 PepsiCo Incorporated 1,685,424 0.502,342,571 0.70Biotechnology (0.06%)97 Aegerion Pharmaceuticals Incorporated 6,877 -3,109 Ariad Pharmaceuticals Incorporated 21,172 0.01752 Auxilium Pharmaceuticals Incorporated 15,589 0.01U.S. EQUITIES cont.Number of Value % ofSharesUSD FundBiotechnology cont.620 Cubist Pharmaceuticals Incorporated USD 42,699 0.02770 Exact Sciences Corporation 8,994 -188 Incyte Corporation Limited 9,515 -2,003 Lexicon Pharmaceuticals Incorporated 3,585 -698 Medicines Company 26,943 0.013,413 Nanosphere Incorporated 7,782 -317 NewLink Genetics Corporation 6,974 -500 NPS Pharmaceuticals Incorporated 15,175 0.01426 PDL BioPharma Incorporated 3,591 -710 Repligen Corporation 9,670 -2,337 Sequenom Incorporated 5,422 -47 United Therapeutics Corporation 5,315 -189,303 0.06Broadcasting (0.08%)785 LIN Media LLC Class A 22,537 0.012,083 Scripps Networks Interactive Class A 179,950 0.051,485 Sinclair Broadcast Group IncorporatedClass A 53,029 0.02255,516 0.08Cable Television (0.13%)283 HSN Incorporated 17,622 0.015,912 IAC/InterActiveCorporation 406,095 0.12423,717 0.13Capital Goods (0.01%)1,715 Stoneridge Incorporated 21,849 0.0121,849 0.01Chemicals (0.86%)5,828 Albemarle Corporation 369,379 0.11159 Axiall Corporation 7,543 -1,769 Cambrex Corporation 31,488 0.011,862 Chemtura Corporation 51,987 0.029,664 FMC Corporation 729,149 0.22390 Innophos Holdings Incorporated 18,938 0.01509 Innospec Incorporated 23,521 0.015,766 International Flavors & FragrancesIncorporated 495,530 0.15168 Koppers Holdings Incorporated 7,678 -558 Kraton Performance PolymersIncorporated 12,845 -1,235 Landec Corporation 14,944 -859 LSB Industries Incorporated 35,236 0.01189 Minerals Technologies Incorporated 11,348 -683 NewMarket Corporation 228,388 0.07491 OM Group Incorporated 17,872 0.018,524 Sigma-Aldrich Corporation 801,256 0.23412 Tronox Limited Class A 9,497 -104 W.R. Grace & Company 10,280 -1,076 Zep Incorporated 19,497 0.012,896,376 0.86Coal (0.01%)7,071 Alpha Natural Resources Incorporated 50,487 0.0150,487 0.01Commercial and Consumer Services (1.53%)3,562 Aaron's Incorporated 104,687 0.0391 Ascent Capital Group IncorporatedClass A 7,777 -13,474 Automatic Data Processing Incorporated 1,088,564 0.333,832 Cintas Corporation 228,272 0.07173 Corporate Executive Board Company 13,395 -1,079 Deluxe Corporation 56,291 0.023,945 Equinix Incorporated 272,560 0.085,877 Gartner Incorporated 417,502 0.12The accompanying notes form an integral part of these financial statements.92 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. EQUITIES cont.Number of Value % ofSharesUSD FundCommercial and Consumer Services cont.1,423 Global Cash Access HoldingsIncorporated USD 14,202 -621 Green Dot Corporation Class A 15,612 -3,039 Harbinger Group Incorporated 36,012 0.01442 LifeLock Incorporated 7,249 -1,798 MasterCard Incorporated Class A 1,502,067 0.45241 MAXIMUS Incorporated 10,594 -933 Pitney Bowes Incorporated 21,730 0.01899 Priceline.com Incorporated 1,044,719 0.324,746 Verisk Analytics Incorporated Class A 311,955 0.095,153,188 1.53Communications Equipment (0.01%)150 Plantronics Incorporated 6,966 -5,787 RF Micro Devices Incorporated 29,861 0.0136,827 0.01Computers (0.64%)3,471 Actuate Corporation 26,761 0.01414 Anixter International Incorporated 37,165 0.012,587 Apple Incorporated 1,450,841 0.44597 Aspen Technology Incorporated 24,937 0.01227 Bottomline Technologies Incorporated 8,215 -790 Brady Corporation Class A 24,427 0.01563 Calix Incorporated 5,422 -233 Commvault Systems Incorporated 17,445 0.01350 Cornerstone OnDemand Incorporated 18,666 0.01899 inContact Incorporated 7,003 -358 Infoblox Incorporated 11,818 -369 Lexmark International IncorporatedClass A 13,111 -6,391 MICROS Systems Incorporated 366,524 0.11169 MTS Systems Corporation 12,011 -428 Netscout Systems Incorporated 12,656 -745 Procera Networks Incorporated 11,182 -9,013 Quantum Corporation 10,725 -511 Silicon Graphics International Corporation 6,847 -800 SolarWinds Incorporated 30,248 0.01545 SS&C Technologies HoldingsIncorporated 24,105 0.01415 Synaptics Incorporated 21,501 0.01592 VeriFone Systems Incorporated 15,866 -372 Verint Systems Incorporated 15,963 -2,173,439 0.64Conglomerates (0.43%)13,514 Danaher Corporation 1,043,146 0.3114,256 General Electric Company 399,596 0.121,442,742 0.43Construction (0.01%)559 Trex Company Incorporated 44,441 0.0144,441 0.01Consumer (0.13%)532 Blyth Incorporated 5,772 -2,478 Kimberly-Clark Corporation 258,852 0.073,041 Scotts Miracle-Gro Company Class A 189,241 0.06453,865 0.13Consumer Finance (0.05%)1,148 DFC Global Corporation 13,133 -791 Encore Capital Group Incorporated 39,748 0.02636 Nelnet Incorporated Class A 26,795 0.01414 Ocwen Financial Corporation 22,952 0.01626 PHH Corporation 15,231 -702 Portfolio Recovery AssociatesIncorporated 37,066 0.01U.S. EQUITIES cont.Number of Value % ofSharesUSD FundConsumer Finance cont.284 Walter Investment ManagementCorporation USD 10,042 -164,967 0.05Consumer Goods (0.17%)5,766 Church & Dwight Company Incorporated 382,170 0.122,169 Procter & Gamble Company 176,557 0.05558,727 0.17Consumer Services (0.16%)132 Angie's List Incorporated 1,998 -268 Blue Nile Incorporated 12,607 -6,987 Corrections Corporation of America 224,073 0.076,450 Geo Group Incorporated 207,690 0.06148 OpenTable Incorporated 11,741 -656 RetailMeNot Incorporated 18,886 0.01129 Shutterfly Incorporated 6,569 -2,451 TrueBlue Incorporated 63,162 0.02546,726 0.16Distribution (0.03%)344 Beacon Roofing Supply Incorporated 13,856 -297 Core-Mark Holding CompanyIncorporated 22,548 0.01152 MWI Veterinary Supply Incorporated 25,878 0.01193 Pool Corporation 11,213 -589 Spartan Stores Incorporated 14,295 -193 United Natural Foods Incorporated 14,546 0.01102,336 0.03Electric Utilities (0.62%)6,709 CMS Energy Corporation 179,533 0.051,360 ITC Holdings Corporation 130,234 0.0411,244 PG&E Corporation 452,796 0.1316,112 PPL Corporation 484,649 0.1421,963 Southern Company 902,679 0.262,149,891 0.62Electrical Equipment (0.02%)1,514 II-VI Incorporated 26,631 0.01286 WESCO International Incorporated 26,046 0.0152,677 0.02Electronics (0.60%)185 Cavium Incorporated 6,379 -795 Ceva Incorporated 12,092 -1,056 Cirrus Logic Incorporated 21,564 0.01729 EnerSys 51,088 0.02664 Fairchild Semiconductor InternationalIncorporated 8,858 -317 FEI Company 28,314 0.012,355 GenMark Diagnostics Incorporated 31,298 0.01416 GT Advanced Technologies Incorporated 3,628 -2,171 Integrated Silicon Solutions Incorporated 26,226 0.012,893 L-3 Communications HoldingsIncorporated 309,175 0.092,000 Mentor Graphics Corporation 48,100 0.0110,119 Microchip Technology Incorporated 452,724 0.13433 Microsemi Corporation 10,795 -1,288 Omnivision Technologies Incorporated 22,154 0.01447 Semtech Corporation 11,296 -2,808 Silicon Image Incorporated 17,241 0.01648 Sparton Corporation 18,066 0.019,993 Synopsys Incorporated 405,316 0.1211,489 Xilinx Incorporated 527,575 0.162,011,889 0.60The accompanying notes form an integral part of these financial statements.Putnam World Trust 93

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. EQUITIES cont.Number of Value % ofSharesUSD FundEnergy (Oil Field) (0.05%)1,062 Dril-Quip Incorporated USD 116,746 0.04659 Helix Energy Solutions GroupIncorporated 15,269 -2,781 Key Energy Services Incorporated 21,970 0.01153,985 0.05Energy (Other) (0.01%)1,990 FutureFuel Corporation 31,422 0.0131,422 0.01Entertainment (0.07%)770 Carmike Cinemas Incorporated 21,414 0.012,264 Madison Square Garden Company Class A 130,293 0.05764 TiVo Incorporated 10,024 -1,102 Town Sports International HoldingsIncorporated 16,210 -202 Vail Resorts Incorporated 15,201 -1,982 VOXX International Corporation 33,080 0.01226,222 0.07Environmental (-%)254 Mine Safety Appliances Company 13,000 -13,000 -Financial (0.12%)9,188 Broadridge Financial SolutionsIncorporated 362,926 0.10193 Credit Acceptance Corporation 25,040 0.01461 WageWorks Incorporated 27,402 0.01415,368 0.12Food (0.43%)330 Boulder Brands Incorporated 5,227 -93 Hain Celestial Group Incorporated 8,443 -8,034 Hershey Company 781,065 0.249,264 McCormick & Company IncorporatedClass A (Non Voting Shares) 638,382 0.191,433,117 0.43Forest Products and Packaging (-%)196 KapStone Paper and PackagingCorporation 10,951 -237 Louisiana-Pacific Corporation 4,387 -15,338 -Gaming and Lottery (0.01%)148 Bally Technologies Incorporated 11,609 -2,055 Penn National Gaming Incorporated 29,428 0.0141,037 0.01Health-Care Services (0.78%)632 Amedisys Incorporated 9,240 -451 AmSurg Corporation 20,696 0.0172 athenahealth Incorporated 9,684 -6,482 Cardinal Health Incorporated 433,062 0.13138 Centene Corporation 8,134 -545 Chemed Corporation 41,758 0.01118 Computer Programs & SystemsIncorporated 7,282 -451 Health Net Incorporated 13,381 -164 HealthSouth Corporation 5,461 -236 Isis Pharmaceuticals Incorporated 9,398 -940 Kindred Healthcare Incorporated 18,546 0.012,743 Laboratory Corporation of AmericaHoldings 250,655 0.07165 Magellan Health Services Incorporated 9,880 -3,705 McKesson Corporation 597,839 0.201,346 MedAssets Incorporated 26,678 0.014,124 Mednax Incorporated 220,057 0.072,740 Omega Healthcare Investors Incorporated 81,652 0.02U.S. EQUITIES cont.Number of Value % ofSharesUSD FundHealth-Care Services cont.1,207 Providence Service Corporation USD 31,032 0.014,643 Quest Diagnostics Incorporated 248,586 0.072,429 Sabra Health Care REIT Incorporated 63,445 0.021,603 Threshold Pharmaceuticals Incorporated 7,454 -8,288 Ventas Incorporated 474,902 0.14624 WellCare Health Plans Incorporated 43,917 0.012,632,739 0.78Homebuilding (0.01%)852 Ryland Group Incorporated 36,985 0.0136,985 0.01Household Furniture and Appliances (0.01%)473 La-Z-Boy Incorporated 14,654 -881 Select Comfort Corporation 18,571 0.0133,225 0.01Insurance (2.92%)1,224 Alleghany Corporation 489,784 0.153,967 Allied World Assurance CompanyHoldings AG 447,279 0.131,421 American Equity Investment LifeHolding Company 37,458 0.01361 Amtrust Financial Services Incorporated 11,797 -8,969 Arch Capital Group Limited 534,911 0.168,635 Aspen Insurance Holdings Limited 356,712 0.119,402 Axis Capital Holdings Limited 447,065 0.1316,105 Berkshire Hathaway Incorporated Class B 1,908,765 0.5611,368 Chubb Corporation 1,098,149 0.331,513 CNO Financial Group Incorporated 26,765 0.013,380 Everest Re Group Limited 526,536 0.164,540 Genworth Financial Incorporated Class A 70,461 0.02921 Markel Corporation 534,733 0.164,381 PartnerRe Limited 461,670 0.147,885 ProAssurance Corporation 382,107 0.11577 Protective Life Corporation 29,231 0.014,236 RenaissanceRe Holdings Limited 412,375 0.121,044 Stewart Information Services Corporation 33,690 0.011,197 Symetra Financial Corporation 22,671 0.0112,987 Travelers Companies Incorporated 1,175,583 0.3510,014 Validus Holdings Limited 403,464 0.129,646 W.R. Berkley Corporation 418,540 0.129,829,746 2.92Investment Banking/Brokerage (-%)185 Greenhill & Company Incorporated 10,719 -10,719 -Leisure (0.01%)747 Brunswick Corporation 34,392 0.0134,392 0.01Lodging/Tourism (0.12%)10,501 Host Hotels & Resorts Incorporated 204,034 0.061,363 Marcus Corporation 18,278 0.014,583 Ryman Hospitality Properties 191,524 0.05413,836 0.12Machinery (0.22%)1,102 Altra Industrial Motion Corporation 37,622 0.01520 Chart Industries Incorporated 49,712 0.01209 DXP Enterprises Incorporated 24,071 0.01713 Franklin Electric Company Incorporated 31,814 0.01170 Hyster-Yale Materials HoldingsIncorporated 15,778 -624 Kadant Incorporated 25,247 0.014,373 MRC Global Incorporated 141,073 0.04105 NACCO Industries Incorporated Class A 6,513 -The accompanying notes form an integral part of these financial statements.94 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. EQUITIES cont.Number of Value % ofSharesUSD FundMachinery cont.2,937 Roper Industries Incorporated USD 407,186 0.13739,016 0.22Manufacturing (0.06%)512 AZZ Incorporated 25,011 0.01585 Chase Corporation 20,651 0.01633 Generac Holdings Incorporated 35,840 0.011,333 Greenbrier Companies Incorporated 43,776 0.01157 Polypore International Incorporated 6,106 -277 Standex International Corporation 17,357 -1,398 TriMas Corporation 55,724 0.02204,465 0.06Media (0.35%)1,045 Demand Media Incorporated 6,019 -3,168 FactSet Research Systems Incorporated 343,981 0.109,439 Viacom Incorporated Class B 824,308 0.251,174,308 0.35Medical Technology (0.42%)165 Abaxis Incorporated 6,603 -1,400 Accuray Incorporated 12,180 -800 Alere Incorporated 28,960 0.01237 Align Technology Incorporated 13,542 -2,154 C.R. Bard Incorporated 288,528 0.10983 Conmed Corporation 41,738 0.01148 Cyberonics Incorporated 9,694 -276 DexCom Incorporated 9,765 -650 Globus Medical Incorporated Class A 13,117 -1,213 Greatbatch Incorporated 53,639 0.02300 Haemonetics Corporation 12,639 -2,466 Henry Schein Incorporated 281,790 0.09710 Hill-Rom Holdings Incorporated 29,351 0.01460 Insulet Corporation 17,061 0.014,157 Life Technologies Corporation 315,059 0.10691 NxStage Medical Incorporated 6,903 -2,184 OraSure Technologies Incorporated 13,716 -4,917 Patterson Companies Incorporated 202,482 0.061,756 STAAR Surgical Company 28,342 0.01317 Steris Corporation 15,222 -435 TearLab Corporation 4,059 -257 Thoratec Corporation 9,406 -1,413,796 0.42Metals (0.02%)2,019 Horsehead Holding Corporation 32,708 0.01337 L.B. Foster Company Class A 15,923 -1,492 NN Incorporated 30,094 0.0178,725 0.02Natural Gas Utilities (0.08%)7,535 Kinder Morgan Incorporated 271,185 0.08271,185 0.08Oil and Gas (2.18%)3,524 Callon Petroleum Company 22,976 0.0114,665 Chevron Corporation 1,831,805 0.5410,403 ConocoPhillips 735,076 0.221,228 Delek US Holdings Incorporated 42,219 0.01976 EPL Oil & Gas Incorporated 27,806 0.012,059 EQT Corporation 184,857 0.0526,843 Exxon Mobil Corporation 2,716,512 0.83237 Gulfport Energy Corporation 14,964 -1,481 Kodiak Oil & Gas Corporation 16,587 -6,993 Occidental Petroleum Corporation 665,034 0.205,825 Phillips 66 449,282 0.13245 Rosetta Resources Incorporated 11,762 -U.S. EQUITIES cont.Number of Value % ofSharesUSD FundOil and Gas cont.7,408 Spectra Energy Corporation USD 263,873 0.08682 Stone Energy Corporation 23,584 0.01819 Swift Energy Company 11,065 -301 Unit Corporation 15,541 -1,862 Vaalco Energy Incorporated 12,829 -604 W&T Offshore Incorporated 9,658 -7,496 Williams Companies Incorporated 289,196 0.097,344,626 2.18Pharmaceuticals (2.09%)508 ACADIA Pharmaceuticals Incorporated 12,680 -426 Alkermes PLC 17,317 0.011,516 Array BioPharma Incorporated 7,580 -268 Biospecifics Technologies Corporation 5,808 -14,846 Eli Lilly & Company 757,294 0.22586 Endo Health Solutions Incorporated 39,532 0.016,119 Forest Laboratories Incorporated 367,324 0.11938 Impax Laboratories Incorporated 23,563 0.01786 Insys Therapeutics Incorporated 30,418 0.011,074 Jazz Pharmaceuticals PLC 135,925 0.0421,190 Johnson & Johnson 1,940,580 0.5930,941 Merck & Company Incorporated 1,548,906 0.462,153 Perrigo Company PLC 330,313 0.1056,516 Pfizer Incorporated 1,730,520 0.51756 Prestige Brands Holdings Incorporated 27,050 0.01525 Questcor Pharmaceuticals Incorporated 28,581 0.01180 Receptos Incorporated 5,204 -149 Salix Pharmaceuticals Limited 13,397 -974 Sucampo Pharmaceuticals IncorporatedClass A 9,146 -7,031,138 2.09Railroads (0.35%)7,019 Union Pacific Corporation 1,178,981 0.351,178,981 0.35Real Estate (2.83%)342 AG Mortgage Investment TrustIncorporated 5,349 -569 Agree Realty Corporation 16,501 -3,450 Alexandria Real Estate EquitiesIncorporated 219,455 0.072,969 Apartment Investment & ManagementCompany Class A 76,897 0.02393 Arlington Asset Investment CorporationClass A 10,371 -1,899 ARMOUR Residential REIT Incorporated 7,596 -433 Ashford Hospitality Prime Incorporated 7,881 -2,163 Ashford Hospitality Trust Incorporated 17,888 0.011,722 AvalonBay Communities Incorporated 203,540 0.062,386 Boston Properties LP 239,364 0.072,344 BRE Properties 128,193 0.042,162 Camden Property Trust 122,996 0.04798 CBL & Associates Properties Incorporated 14,316 -7,964 CommonWealth REIT 185,561 0.06207 CoreSite Realty Corporation 6,655 -1,194 CYS Investments Incorporated 8,836 -606 DDR Corporation 9,302 -1,411 Digital Realty Trust Incorporated 69,266 0.025,479 Douglas Emmett Incorporated 127,606 0.041,725 Duke Realty Corporation 25,927 0.017,254 DuPont Fabros Technology Incorporated 179,174 0.052,231 Education Realty Trust Incorporated 19,655 0.01331 EPR Properties 16,259 -5,396 Equity Lifestyle Properties Incorporated 195,335 0.06The accompanying notes form an integral part of these financial statements.Putnam World Trust 95

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. EQUITIES cont.Number of Value % ofSharesUSD FundReal Estate cont.5,365 Equity Residential Trust USD 278,229 0.08428 Essex Property Trust Incorporated 61,379 0.021,782 Federal Realty Investment Trust 180,695 0.05738 First Industrial Realty Trust 12,863 -16,960 General Growth Properties 340,048 0.101,319 Glimcher Realty Trust 12,333 -6,990 Government Properties Income Trust 173,771 0.057,796 HCP Incorporated 283,073 0.084,183 Health Care REIT Incorporated 224,041 0.071,973 HFF Incorporated Class A 52,936 0.023,523 Home Properties Incorporated 188,938 0.068,116 Hospitality Properties Trust 219,132 0.07555 Invesco Mortgage Capital Incorporated 8,142 -1,657 Investors Real Estate Trust 14,200 -1,428 iStar Financial Incorporated 20,363 0.0115,833 Kimco Realty Corporation 312,702 0.093,154 Lexington Realty Trust 32,202 0.01802 LTC Properties Incorporated 28,375 0.011,550 Macerich Company 91,264 0.0313,048 Medical Properties Trust Incorporated 159,447 0.051,847 MFA Financial Incorporated 13,021 -705 Mid-America Apartment CommunitiesIncorporated 42,808 0.01480 National Health Investors Incorporated 26,918 0.01754 One Liberty Properties Incorporated 15,163 -4,132 Post Properties Incorporated 186,849 0.0611,369 Prologis Incorporated 419,971 0.12456 PS Business Parks Incorporated 34,820 0.019,640 Public Storage 1,450,338 0.45878 Ramco-Gershenson Properties Trust 13,811 -2,279 Realty Income Corporation 85,029 0.035,045 Regency Centers Corporation 233,533 0.073,444 Retail Opportunity InvestmentsCorporation 50,696 0.02601 Select Income REIT 16,059 -938 Senior Housing Properties Trust 20,842 0.017,232 Simon Property Group Incorporated 1,100,276 0.33961 SL Green Realty Corporation 88,720 0.03147 Sovran Self Storage Incorporated 9,574 -24,163 Spirit Realty Capital Incorporated 237,281 0.072,112 STAG Industrial Incorporated 43,085 0.01424 Starwood Property Trust Incorporated 11,741 -2,073 Summit Hotel Properties Incorporated 18,657 0.013,562 Taubman Centers Incorporated 227,683 0.071,936 UDR Incorporated 45,167 0.01179 Universal Health Realty Income Trust 7,164 -5,623 Vornado Realty Trust 499,097 0.159,506,359 2.83Regional Bells (0.01%)4,008 Frontier Communications Corporation 18,637 0.0118,637 0.01Restaurants (0.84%)480 AFC Enterprises 18,480 0.011,993 Domino's Pizza Incorporated 138,793 0.043,322 Dunkin' Brands Group Incorporated 160,087 0.0512,669 McDonald's Corporation 1,229,146 0.35888 Panera Bread Company Class A 156,892 0.05624 Papa John's International Incorporated 28,298 0.012,841 Ruby Tuesday Incorporated 19,660 0.0113,671 Starbucks Corporation 1,071,533 0.322,822,889 0.84U.S. EQUITIES cont.Number of Value % ofSharesUSD FundRetail (1.37%)1,933 Advance Auto Parts Incorporated USD 213,983 0.06820 ANN Incorporated 29,979 0.01670 Ascena Retail Group Incorporated 14,171 -768 AutoZone Incorporated 367,027 0.114,727 Bed Bath & Beyond Incorporated 379,531 0.11699 Big Lots Incorporated 22,571 0.01430 Brown Shoe Company Incorporated 12,092 -248 Buckle Incorporated 13,030 -391 Crocs Incorporated 6,225 -157 Deckers Outdoor Corporation 13,257 -1,194 Destination Maternity Corporation 35,653 0.011,191 Dillards Incorporated Class A 115,753 0.035,215 Dollar Tree Incorporated 294,178 0.09136 Five Below Incorporated 5,871 -578 GameStop Corporation Class A 28,472 0.01299 Genesco Incorporated 21,845 0.0116,379 Home Depot Incorporated 1,348,483 0.421,786 KAR Auction Services Incorporated 52,776 0.02111 Lumber Liquidators HoldingsIncorporated 11,422 -251 Men's Wearhouse Incorporated 12,819 -2,052 MSC Industrial Direct CompanyIncorporated Class A 165,945 0.052,514 O'Reilly Automotive Incorporated 323,451 0.102,727 PetSmart Incorporated 198,307 0.06342 Pier 1 Imports Incorporated 7,887 -436 Sears Hometown and Outlet StoresIncorporated 11,101 -2,547 Sonic Automotive Incorporated Class A 62,300 0.02193 Steven Madden Limited 7,050 -12,442 Target Corporation 787,205 0.24911 Tile Shop Holdings Incorporated 16,444 -143 USANA Health Sciences Incorporated 10,814 -774 World Fuel Services Corporation 33,406 0.014,623,048 1.37Schools (0.03%)507 Bright Horizons Family SolutionsIncorporated 18,561 0.01198 Grand Canyon Education Incorporated 8,633 -2,207 ITT Educational Services Incorporated 74,111 0.02101,305 0.03Semiconductor (0.46%)11,741 Analog Devices Incorporated 597,969 0.171,816 Entegris Incorporated 21,047 0.0110,735 Linear Technology Corporation 488,872 0.1515,187 Maxim Integrated Products Incorporated 423,717 0.131,792 Photronics Incorporated 16,164 -1,661 Ultra Clean Holdings Incorporated 16,627 -1,564,396 0.46Shipping (0.46%)1,008 Con-way Incorporated 40,018 0.013,170 J. B. Hunt Transport ServicesIncorporated 245,009 0.073,555 Quality Distribution Incorporated 45,575 0.012,485 Swift Transportation Company 55,142 0.0211,112 United Parcel Service IncorporatedClass B 1,167,538 0.351,553,282 0.46Software (0.56%)9,740 Amdocs Limited 401,678 0.121,030 Brightcove Incorporated 14,554 -1,853 IntraLinks Holdings Incorporated 22,421 0.01The accompanying notes form an integral part of these financial statements.96 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. EQUITIES cont.Number of Value % ofSharesUSD FundSoftware cont.9,672 Intuit Incorporated USD 738,070 0.22308 Manhattan Associates Incorporated 36,135 0.0114,277 Microsoft Corporation 534,245 0.16530 PTC Incorporated 18,751 0.01174 QLIK Technologies Incorporated 4,632 -929 Rovi Corporation 18,292 0.01936 Safeguard Scientifics Incorporated 18,804 0.01304 SciQuest Incorporated 8,646 -249 Ultimate Software Group Incorporated 38,109 0.011,007 Vocus Incorporated 11,470 -2,049 Zynga Incorporated Class A 7,786 -1,873,593 0.56Staffing (0.02%)280 Barrett Business Services Incorporated 25,976 0.011,232 Kforce Incorporated 25,170 -862 On Assignment Incorporated 30,084 0.0181,230 0.02Technology (0.01%)110 CACI International Incorporated Class A 8,051 -505 Tech Data Corporation 26,058 0.0134,109 0.01Technology Services (1.14%)1,319 Acxiom Corporation 48,750 0.011,200 Blucora Incorporated 34,980 0.01267 CSG Systems International Incorporated 7,842 -3,633 DST Systems Incorporated 329,695 0.1010,226 Fiserv Incorporated 603,845 0.182,034 Google Incorporated Class A 2,277,999 0.67472 NIC Incorporated 11,734 -957 Perficient Incorporated 22,394 0.01303 Tyler Technologies Incorporated 30,945 0.01739 Unisys Corporation 24,808 0.017,483 VeriSign Incorporated 447,334 0.131,178 XO Group Incorporated 17,505 0.013,857,831 1.14Telecommunications (0.15%)340 Arris Group Incorporated 8,282 -374 Aruba Networks Incorporated 6,691 -119 BroadSoft Incorporated 3,250 -1,104 CalAmp Corporation 30,835 0.012,191 EchoStar Corporation Class A 108,893 0.03908 Inteliquent Incorporated 10,360 -1,626 Iridium Communications Incorporated 10,163 -258 Loral Space & CommunicationsIncorporated 20,885 0.01900 Ruckus Wireless Incorporated 12,771 -2,782 SBA Communications CorporationClass A 249,879 0.09978 ShoreTel Incorporated 9,056 -586 Ubiquiti Networks Incorporated 26,915 0.01828 USA Mobility Incorporated 11,824 -509,804 0.15Telephone (0.43%)616 IDT Corporation Class B 11,008 -29,455 Verizon Communications Incorporated 1,446,830 0.431,457,838 0.43Textiles (0.15%)170 G&K Services Incorporated Class A 10,562 -1,053 Perry Ellis International Incorporated 16,627 -7,424 VF Corporation 462,886 0.15490,075 0.15U.S. EQUITIES cont.Number of Value % ofSharesUSD FundTire and Rubber (-%)486 Cooper Tire & Rubber Company USD 11,683 -11,683 -Tobacco (0.72%)39,199 Altria Group Incorporated 1,504,458 0.4617,561 Lorillard Incorporated 889,991 0.262,394,449 0.72Transportation Services (0.01%)256 Matson Incorporated 6,676 -720 Universal Truckload ServicesIncorporated 21,866 0.0128,542 0.01Trucks and Parts (0.03%)974 Douglas Dynamics Incorporated 16,363 0.01764 Miller Industries Incorporated 14,203 -1,068 Standard Motor Products Incorporated 39,302 0.02275 Tenneco Incorporated 15,560 -85,428 0.03Waste Management (0.41%)8,578 Republic Services Incorporated 284,875 0.082,673 Stericycle Incorporated 310,442 0.09276 US Ecology Incorporated 10,251 -4,709 Waste Connections Incorporated 205,407 0.0612,619 Waste Management Incorporated 566,088 0.181,377,063 0.41Total U.S. Equities USD 93,093,402 27.63NON-U.S. EQUITIES (11.50%)Number of Value % ofSharesUSD FundAerospace and Defense (0.25%)4,709 European Aeronautic Defence andSpace Company (France) USD 362,960 0.1143,000 IHI Corporation (Japan) 185,931 0.062,018 Safran SA (France) 140,334 0.04791 Zodiac Aerospace (France) 140,452 0.04829,677 0.25Airlines (0.18%)1,289 Copa Holdings SA Class A (Panama) 206,266 0.0639,395 International Consolidated Airlines GroupSA (Spain) 262,417 0.083,000 Japan Airlines Company Limited (Japan) 148,012 0.04616,695 0.18Automotive (0.47%)1,782 Bayerische Motoren Werke (BMW) AG(Germany) 208,982 0.063,000 Denso Corporation (Japan) 158,619 0.0512,800 Fuji Heavy Industries Limited (Japan) 367,692 0.1014,000 Hino Motors Limited (Japan) 220,642 0.072,025 Renault SA (France) 163,493 0.055,900 Suzuki Motor Corporation (Japan) 158,919 0.055,000 Toyota Motor Corporation (Japan) 304,262 0.091,582,609 0.47Banking (1.55%)6,557 Australia & New Zealand Banking GroupLimited (Australia) 188,763 0.0615,901 Banco Bilbao Vizcaya Argentaria SA(BBVA) (Spain) 197,020 0.061,397 Banco Latinoamericano de ExportacionesSA Class E (Panama) 39,144 0.0129,077 Banco Santander Central Hispano SA(Spain) 262,400 0.0832,000 Bank of Yokohama Limited (Japan) 178,673 0.0524,348 Barclays PLC (United Kingdom) 110,165 0.03The accompanying notes form an integral part of these financial statements.Putnam World Trust 97

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundBanking cont.2,980 BNP Paribas SA (France) USD 233,342 0.078,059 Commonwealth Bank of Australia(Australia) 561,531 0.1719,889 Credit Agricole SA (France) 255,644 0.084,176 Credit Suisse Group AG (Switzerland) 128,211 0.0414,000 DBS Group Holdings Limited (Singapore) 190,287 0.0612,100 Hang Seng Bank Limited (Hong Kong) 196,590 0.0648,686 HSBC Holdings PLC (United Kingdom) 533,983 0.1732,000 Joyo Bank Limited (Japan) 163,739 0.05358,362 Lloyds Banking Group PLC (UnitedKingdom) 468,405 0.156,499 National Australia Bank Limited(Australia) 202,885 0.06723 OFG Bancorp (Puerto Rico) 12,522 -595 Popular Incorporated (Puerto Rico) 17,094 0.0158,900 Resona Holdings Incorporated (Japan) 300,423 0.0916,262 Skandinaviska Enskilda Banken AB(Sweden) 215,145 0.064,000 Sumitomo Mitsui Financial GroupIncorporated (Japan) 206,566 0.067,874 Swedbank AB Class A (Sweden) 222,129 0.077,254 Westpac Banking Corporation (Australia) 210,664 0.065,095,325 1.55Basic Materials (0.04%)11,000 Sumitomo Metal Mining Company Limited(Japan) 144,234 0.04144,234 0.04Beverage (0.23%)2,315 Anheuser-Busch InBev NV (Belgium) 246,835 0.075,876 Diageo PLC (United Kingdom) 194,092 0.063,009 Heineken Holding NV (Netherlands) 190,823 0.062,873 SABMiller PLC (United Kingdom) 147,955 0.04779,705 0.23Broadcasting (0.08%)82,826 ITV PLC (United Kingdom) 266,235 0.08266,235 0.08Chemicals (0.39%)36,000 Asahi Kasei Corporation (Japan) 282,163 0.082,559 BASF SE (Germany) 272,879 0.08387 EMS-Chemie Holding AG (Switzerland) 137,908 0.047,287 Johnson Matthey PLC (United Kingdom) 396,773 0.12578 Syngenta AG (Switzerland) 230,412 0.071,320,135 0.39Commercial and Consumer Services (0.25%)9,575 Babcock International Group PLC (UnitedKingdom) 214,916 0.075,764 Bureau Veritas SA (France) 168,856 0.0512,416 Compass Group PLC (United Kingdom) 199,076 0.069,322 Experian Group Limited (UnitedKingdom) 172,049 0.051,203 Randstad Holding NV (Netherlands) 78,111 0.02833,008 0.25Computers (-%)618 AVG Technologies NV (Netherlands) 10,630 -10,630 -Conglomerates (0.19%)3,120 Exor SpA (Italy) 124,387 0.049,000 Marubeni Corporation (Japan) 64,765 0.023,266 Siemens AG (Germany) 446,246 0.13635,398 0.19Construction (0.12%)3,437 Koninklijke Boskalis Westminster NV(Netherlands) 182,237 0.05NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundConstruction cont.1,466 Wendel SA (France) USD 213,733 0.07395,970 0.12Consumer (0.06%)115 SodaStream International Limited (Israel) 5,703 -288 Swatch Group AG (Switzerland) 191,099 0.06196,802 0.06Consumer Goods (0.16%)3,200 Kao Corporation (Japan) 100,784 0.031,624 L'Oreal SA (France) 285,986 0.081,991 Reckitt Benckiser Group PLC (UnitedKingdom) 158,517 0.05545,287 0.16Electric Utilities (0.29%)2,900 Chubu Electric Power CompanyIncorporated (Japan) 37,484 0.0143,773 Enel SpA (Italy) 191,772 0.068,813 GDF Suez (France) 207,968 0.0620,600 Kansai Electric Power Incorporated(Japan) 237,109 0.074,297 Red Electrica Corporacion SA (Spain) 287,264 0.09961,597 0.29Electrical Equipment (0.08%)10,415 ABB Limited (Switzerland) 275,158 0.08275,158 0.08Electronics (0.19%)700 Keyence Corporation (Japan) 299,777 0.09260 Mellanox Technologies Limited (Israel) 10,392 -7,400 Omron Corporation (Japan) 327,524 0.10637,693 0.19Energy (Other) (0.06%)11,715 AMEC PLC (United Kingdom) 211,559 0.06211,559 0.06Engineering and Construction (0.19%)6,000 JGC Corporation (Japan) 235,664 0.0760,000 Singapore Technologies EngineeringLimited (Singapore) 188,845 0.063,479 Vinci SA (France) 229,245 0.06653,754 0.19Entertainment (0.06%)18,600 Panasonic Corporation (Japan) 216,828 0.06216,828 0.06Financial (0.13%)31,195 3i Group PLC (United Kingdom) 199,021 0.0638,000 Mitsubishi UFJ Financial Group (MUFG)Incorporated (Japan) 251,258 0.07450,279 0.13Food (0.60%)8,700 Calbee Incorporated (Japan) 211,672 0.065,836 Carrefour SA (France) 231,428 0.074,000 Chaoda Modern Agriculture HoldingsLimited (China) (F) 258 -16,246 Distribuidora Internacional deAlimentacion SA (Spain) 145,338 0.0465 Lindt & Spruengli AG (Switzerland) 292,984 0.093,200 MEIJI Holdings Company Limited (Japan) 205,983 0.068,967 Nestle SA (Switzerland) 658,249 0.204,724 Suedzucker AG (Germany) 127,517 0.043,505 Unilever PLC (United Kingdom) 143,769 0.042,017,198 0.60Forest Products and Packaging (0.11%)15,422 Amcor Limited (Australia) 145,839 0.0416,253 Orora Limited (Australia) 16,834 -The accompanying notes form an integral part of these financial statements.98 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundForest Products and Packaging cont.11,623 UPM-Kymmene OYJ (Finland) USD 196,646 0.07359,319 0.11Health-Care Services (0.02%)2,000 Suzuken Company Limited (Japan) 64,775 0.02385 Triple-S Management Corporation Class B(Puerto Rico) 7,477 -72,252 0.02Insurance (0.67%)5,794 Ageas (Belgium) 247,357 0.0748,800 AIA Group Limited (Hong Kong) 246,017 0.071,952 Allianz SE (Germany) 350,137 0.1112,608 Assicurazioni Generali SpA (Italy) 299,640 0.0911,238 AXA SA (France) 313,464 0.0945,930 Insurance Australia Group Limited(Australia) 238,756 0.0756,178 Legal & General Group PLC (UnitedKingdom) 207,291 0.061,272 Maiden Holdings Limited (Bermuda) 13,890 -712 Muenchener Rueckversicherungs AG(Germany) 156,921 0.057,108 Prudential PLC (United Kingdom) 159,084 0.051,321 Third Point Reinsurance Limited(Bermuda) 24,425 0.012,256,982 0.67Investment Banking/Brokerage (0.19%)4,808 Deutsche Bank AG (Germany) 229,407 0.075,696 Investor AB Class B (Sweden) 196,541 0.0611,163 UBS AG (Switzerland) 212,659 0.06638,607 0.19Lodging/Tourism (0.12%)43,600 MGM China Holdings Limited (HongKong) 187,012 0.0660,000 SJM Holdings Limited (Hong Kong) 203,149 0.06390,161 0.12Machinery (0.05%)7,100 THK Company Limited (Japan) 177,430 0.05177,430 0.05Manufacturing (0.09%)11,742 IMI PLC (United Kingdom) 297,614 0.09297,614 0.09Medical Technology (0.09%)4,303 Coloplast A/S Class B (Denmark) 285,429 0.09563 Trinity Biotech PLC ADR (Ireland) 14,137 -299,566 0.09Metals (0.35%)5,239 Assa Abloy AB Class B (Sweden) 277,757 0.086,598 BHP Billiton PLC (United Kingdom) 204,575 0.067,457 BHP Billiton Limited (Australia) 253,598 0.0830,101 Glencore Xstrata PLC (United Kingdom) 156,481 0.055,597 voestalpine AG (Austria) 271,047 0.081,163,458 0.35Natural Gas Utilities (0.14%)38,527 Centrica PLC (United Kingdom) 221,879 0.079,850 ENI SpA (Italy) 238,169 0.07460,048 0.14Oil and Gas (0.71%)9,346 BG Group PLC (United Kingdom) 201,409 0.0662,628 BP PLC (United Kingdom) 507,335 0.165,933 Repsol SA (Rights) (Spain) 4,048 -5,933 Repsol YPF SA (Spain) 149,904 0.0410,165 Royal Dutch Shell PLC Class A (UnitedKingdom) 365,069 0.119,262 Royal Dutch Shell PLC Class B (UnitedKingdom) 348,553 0.10NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundOil and Gas cont.9,162 Statoil ASA (Norway) USD 222,544 0.076,665 Total SA (France) 408,559 0.124,897 Woodside Petroleum Limited (Australia) 170,147 0.052,377,568 0.71Pharmaceuticals (1.00%)2,414 Actelion Limited (Switzerland) 204,638 0.065,559 AstraZeneca PLC (United Kingdom) 329,738 0.103,365 Bayer AG (Germany) 472,087 0.1415,231 GlaxoSmithKline PLC (United Kingdom) 406,236 0.122,700 Hisamitsu Pharmaceutical CompanyIncorporated (Japan) 136,029 0.044,401 Novartis AG (Switzerland) 352,214 0.101,209 Novo Nordisk A/S Class B (Denmark) 222,736 0.075,774 Orion OYJ Class B (Finland) 162,563 0.052,585 Roche Holding AG-Genusschein(Switzerland) 724,619 0.223,167 Sanofi (France) 337,114 0.103,347,974 1.00Photography/Imaging (0.06%)20,500 Konica Minolta Holdings Incorporated(Japan) 205,503 0.06205,503 0.06Publishing (0.09%)8,452 Thomson Reuters Corporation (Canada) 319,655 0.09319,655 0.09Railroads (0.10%)2,900 Central Japan Railway Company (Japan) 342,041 0.10342,041 0.10Real Estate (0.31%)169,421 Dexus Property Group (Australia) 152,086 0.0554,725 GPT Group (Australia) 166,583 0.0513,336 Hammerson PLC (United Kingdom) 110,911 0.0330,100 Tokyu Fudosan Holdings Corporation(Japan) 284,039 0.0813,198 Westfield Group (Australia) 118,953 0.0447,000 Wheelock and Company Limited (HongKong) 216,626 0.061,049,198 0.31Retail (0.30%)1,472 Adidas AG (Germany) 187,654 0.061,608 Compagnie Financiere Richemont SA(Switzerland) 160,911 0.059,854 Koninklijke Ahold NV (Netherlands) 176,932 0.054,556 Next PLC (United Kingdom) 411,275 0.113,599 Woolworths Limited (Australia) 108,808 0.031,045,580 0.30Semiconductor (0.13%)2,490 ASML Holding NV (Netherlands) 233,824 0.071,731 Magnachip Semiconductor Corporation(South Korea) 33,703 0.013,300 Tokyo Electron Limited (Japan) 182,037 0.05449,564 0.13Shipping (0.07%)2,868 Aegean Marine Petroleum NetworkIncorporated (Greece) 32,122 0.011,188 Diana Shipping Incorporated (Greece) 15,765 -3,709 StealthGas Incorporated (Greece) 37,832 0.016,900 Yamato Transport Company Limited(Japan) 139,687 0.05225,406 0.07Software (0.06%)2,700 NTT Data Corporation (Japan) 99,913 0.031,368 SAP AG (Germany) 117,292 0.03217,205 0.06The accompanying notes form an integral part of these financial statements.Putnam World Trust 99

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundTechnology (0.10%)4,300 SoftBank Corporation (Japan) USD 376,949 0.10376,949 0.10Technology Services (0.16%)3,257 Cap Gemini (France) 220,857 0.074,700 Nomura Research Institute Limited(Japan) 148,219 0.044,082 United Internet AG (Germany) 173,899 0.05542,975 0.16Telecommunications (0.47%)45,225 BT Group PLC (United Kingdom) 284,753 0.0811,900 NTT DoCoMo Incorporated (Japan) 195,519 0.0612,837 Orange (France) 159,555 0.056,673 Tele2 AB Class B (Sweden) 75,700 0.0212,175 Telefonica SA (Spain) 198,752 0.067,928 Telenor ASA (Norway) 189,319 0.0647,250 Telstra Corporation Limited (Australia) 221,541 0.0763,530 Vodafone Group PLC (United Kingdom) 249,741 0.071,574,880 0.47Telephone (0.07%)13,982 Deutsche Telekom AG (Germany) 239,137 0.07239,137 0.07Tire and Rubber (0.12%)1,981 Continental AG (Germany) 434,568 0.12434,568 0.12Tobacco (0.13%)4,039 British American Tobacco (BAT) PLC(United Kingdom) 216,709 0.067,000 Japan Tobacco Incorporated (Japan) 227,760 0.07444,469 0.13Toys (0.05%)7,600 Namco Bandai Holdings Incorporated(Japan) 168,833 0.05168,833 0.05Transportation Services (0.04%)89,000 ComfortDelgro Corporation Limited(Singapore) 141,858 0.04141,858 0.04Trucks and Parts (0.08%)6,300 Aisin Seiki Company Limited (Japan) 256,365 0.08256,365 0.08Water Utilities (0.05%)15,639 United Utilities Group PLC (UnitedKingdom) 174,363 0.05174,363 0.05Total Non-U.S. Equities USD 38,725,304 11.50U.S. CORPORATE BONDS AND NOTES (7.14%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundAdvertising and Marketing Services (0.02%)USD 65,000 Lamar MediaCorporation 5.88 02/01/2022 USD 66,625 0.0266,625 0.02Aerospace and Defense (0.07%)35,000 B/E AerospaceIncorporated 6.88 10/01/2020 38,325 0.0120,000 B/E AerospaceIncorporated 5.25 04/01/2022 20,250 0.015,000 Boeing CapitalCorporation 4.70 27/10/2019 5,612 -20,000 General DynamicsCorporation 3.60 15/11/2042 16,448 0.0110,000 General DynamicsCorporation 2.25 15/11/2022 8,987 -U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundAerospace and Defense cont.USD 45,000 Kratos Defense &Security SolutionsIncorporated 10.00 06/01/2017 USD 48,544 0.025,000 Raytheon Company 4.88 15/10/2040 4,978 -65,000 Triumph GroupIncorporated 4.88 04/01/2021 63,050 0.028,000 United TechnologiesCorporation 5.38 15/12/2017 9,121 -15,000 United TechnologiesCorporation 4.50 06/01/2042 14,566 -15,000 United TechnologiesCorporation 3.10 06/01/2022 14,667 -244,548 0.07Airlines (0.02%)6,631 Delta Air LinesIncorporated 7.75 17/12/2019 7,626 -60,000 United ContinentalHoldingsIncorporated 6.00 12/01/2020 59,925 0.0267,551 0.02Automotive (0.12%)6,000 Ford Motor Company 7.70 15/05/2097 6,491 -160,000 Ford Motor Company 7.40 11/01/2046 191,296 0.0520,000 General MotorsFinancial CompanyIncorporated 4.25 15/05/2023 19,025 0.0162,000 General MotorsFinancial CompanyIncorporated 3.25 15/05/2018 62,000 0.0288,000 General MotorsFinancial CompanyIncorporated 2.75 15/05/2016 89,100 0.0325,000 TRW AutomotiveIncorporated 4.50 03/01/2021 25,313 0.01393,225 0.12Banking (0.13%)20,000 Bank of New YorkMellon Corporation 1.97 20/06/2017 20,176 0.0150,000 Bear StearnsCompanies LLC 5.70 15/11/2014 52,226 0.024,000 Bear StearnsCompanies LLC 7.25 02/01/2018 4,789 -4,000 CitigroupIncorporated 5.00 15/09/2014 4,114 -41,000 Fifth Third Bancorp 5.10 29/12/2049 36,285 0.0111,000 HSBC FinanceCorporation 6.68 15/01/2021 12,639 -84,000 JPMorgan Chase &Company 7.90 29/04/2049 92,610 0.0380,000 Provident FundingAssociates LP 6.75 15/06/2021 79,400 0.03108,000 Santander HoldingsUSA Incorporated 4.63 19/04/2016 114,990 0.0310,000 State Street CapitalTrust IV 1.24 15/06/2037 7,571 -424,800 0.13Beverage (0.04%)55,000 Anheuser-BuschCompanies LLC 5.60 03/01/2017 61,364 0.025,000 Anheuser-BuschInBev WorldwideIncorporated 5.38 15/01/2020 5,738 -25,000 Constellation BrandsIncorporated 4.25 05/01/2023 23,250 0.0110,000 Constellation BrandsIncorporated 7.25 09/01/2016 11,350 -The accompanying notes form an integral part of these financial statements.100 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundBeverage cont.USD 15,000 Constellation BrandsIncorporated 6.00 05/01/2022 USD 16,013 -25,000 Molson CoorsBrewing Company 5.00 05/01/2042 24,461 0.012,000 PepsiCoIncorporated 7.90 11/01/2018 2,500 -144,676 0.04Biotechnology (-%)10,000 Amgen Incorporated 3.45 10/01/2020 10,171 -10,171 -Broadcasting (0.16%)5,000 CBS Corporation 7.88 30/07/2030 6,221 -120,000 Clear ChannelWorldwide HoldingsIncorporated 7.63 15/03/2020 126,150 0.0480,000 Sinclair TelevisionGroup Incorporated 6.38 11/01/2021 82,600 0.0235,000 Sinclair TelevisionGroup Incorporated 5.38 04/01/2021 34,475 0.0125,000 Sinclair TelevisionGroup Incorporated 6.13 10/01/2022 25,250 0.01110,000 Sirius XM HoldingsIncorporated 5.88 10/01/2020 112,475 0.0310,000 Sirius XM HoldingsIncorporated 5.25 15/08/2022 10,125 -55,000 Townsquare RadioLLC 9.00 04/01/2019 59,538 0.0290,000 UnivisionCommunicationsIncorporated 7.88 11/01/2020 98,888 0.03555,722 0.16Building Materials (0.03%)40,000 Building MaterialsCorporation 6.75 05/01/2021 43,300 0.0115,000 Building MaterialsCorporation 7.00 15/02/2020 16,125 -40,000 Jeld-WenIncorporated 12.25 15/10/2017 45,400 0.029,000 Owens Corning 9.00 15/06/2019 11,070 -115,895 0.03Cable Television (0.26%)30,000 Cablevision SystemsCorporation 8.63 15/09/2017 34,950 0.015,000 Cablevision SystemsCorporation 8.00 15/04/2020 5,588 -10,000 Cablevision SystemsCorporation 7.75 15/04/2018 11,163 -10,000 CCO Holdings LLC 6.50 30/04/2021 10,300 -165,000 CCO Holdings LLC 5.25 30/09/2022 153,863 0.0515,000 CCO Holdings LLC 7.38 06/01/2020 16,238 -15,000 CCO Holdings LLC 6.63 31/01/2022 15,450 -30,000 CCO Holdings LLC 5.13 15/02/2023 27,825 0.0135,000 CCO Holdings LLC 7.00 15/01/2019 36,838 0.018,000 Comcast Corporation 6.95 15/08/2037 9,834 -13,000 Comcast Corporation 6.50 15/11/2035 15,163 -110,000 CSC Holdings LLC 6.75 15/11/2021 118,800 0.0540,000 DISH DBSCorporation 7.88 09/01/2019 45,800 0.0110,000 DISH DBSCorporation 6.75 06/01/2021 10,600 -15,000 Mediacom LLC 7.25 15/02/2022 15,900 -115,000 TCI CommunicationsIncorporated 7.88 15/02/2026 148,980 0.0580,000 TCI CommunicationsIncorporated 7.13 15/02/2028 98,388 0.04U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCable Television cont.USD 5,000 Time Warner CableIncorporated 6.75 15/06/2039 USD 4,709 -74,000 Time WarnerEntertainmentCompany LP 8.38 15/07/2033 80,622 0.03861,011 0.26Chemicals (0.36%)100,000 AshlandIncorporated 4.75 15/08/2022 95,250 0.0315,000 CF IndustriesIncorporated 7.13 05/01/2020 17,582 0.0145,000 Cytec IndustriesIncorporated 3.50 04/01/2023 41,352 0.015,000 Dow ChemicalCompany 8.55 15/05/2019 6,456 -5,000 E.I. du Pont deNemours & Company 3.63 15/01/2021 5,103 -50,000 Eastman ChemicalCompany 3.60 15/08/2022 48,003 0.0150,000 Ferro Corporation 7.88 15/08/2018 52,750 0.0230,000 Hexion U.S. FinanceCorporation 6.63 15/04/2020 30,750 0.0145,000 HuntsmanInternational LLC 8.63 15/03/2021 50,850 0.02110,000 HuntsmanInternational LLC 8.63 15/03/2020 121,688 0.0495,000 HuntsmanInternational LLC 4.88 15/11/2020 93,575 0.03120,000 JM HuberCorporation 9.88 11/01/2019 137,700 0.045,000 Lubrizol Corporation 8.88 02/01/2019 6,487 -270,000 LyondellBasellIndustries NV 6.00 15/11/2021 310,530 0.083,000 Mosaic Company 5.63 15/11/2043 3,039 -2,000 Mosaic Company 5.45 15/11/2033 2,045 -22,000 Rohm & HaasCompany 6.00 15/09/2017 24,957 0.0195,000 TPC GroupIncorporated 8.75 15/12/2020 100,938 0.0375,000 Tronox Finance LLC 6.38 15/08/2020 76,500 0.021,225,555 0.36Coal (0.08%)85,000 Alpha NaturalResourcesIncorporated 6.25 06/01/2021 72,675 0.0295,000 CONSOL EnergyIncorporated 8.25 04/01/2020 102,838 0.0310,000 CONSOL EnergyIncorporated 8.00 04/01/2017 10,538 -20,000 Peabody EnergyCorporation 7.38 11/01/2016 22,500 0.0155,000 Peabody EnergyCorporation 6.00 15/11/2018 58,575 0.02267,126 0.08Commercial and Consumer Services (0.11%)190,000 Ceridian Corporation 8.88 15/07/2019 218,500 0.0725,000 ExpediaIncorporated 5.95 15/08/2020 27,059 0.0175,000 Lender ProcessingServicesIncorporated 5.75 15/04/2023 77,625 0.025,000 Pitney BowesIncorporated 5.25 15/01/2037 5,363 -40,000 Sabre Incorporated 8.50 15/05/2019 44,200 0.01372,747 0.11The accompanying notes form an integral part of these financial statements.Putnam World Trust 101

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCommunications Equipment (0.12%)USD 380,000 Avaya Incorporated 7.00 04/01/2019USD 372,400 0.1120,000 Cisco SystemsIncorporated 3.15 14/03/2017 21,164 0.01393,564 0.12Computers (0.03%)70,000 ACI WorldwideIncorporated 6.38 15/08/2020 73,150 0.0320,000 Apple Incorporated 3.85 05/04/2043 16,791 -5,000 Hewlett-PackardCompany 6.13 03/01/2014 5,042 -1,000 Xerox Corporation 5.63 15/12/2019 1,113 -96,096 0.03Construction (0.05%)20,000 USG Corporation 5.88 11/01/2021 20,850 0.01160,000 Weekley Homes LLC 6.00 02/01/2023 154,400 0.04175,250 0.05Consumer (0.03%)80,000 Gibson BrandsIncorporated 8.88 08/01/2018 84,200 0.035,000 Spectrum BrandsEscrow Corporation 6.63 15/11/2022 5,313 -5,000 Spectrum BrandsEscrow Corporation 6.38 15/11/2020 5,338 -94,851 0.03Consumer Finance (0.11%)5,000 International LeaseFinance Corporation 6.25 15/05/2019 5,413 -40,000 International LeaseFinance Corporation 5.88 15/08/2022 40,000 0.0112,000 International LeaseFinance Corporation 4.88 04/01/2015 12,420 -35,000 International LeaseFinance Corporation 4.63 15/04/2021 33,513 0.0110,000 Nationstar MortgageLLC 9.63 05/01/2019 11,250 -40,000 Nationstar MortgageLLC 6.50 07/01/2021 38,100 0.0140,000 Nationstar MortgageLLC 6.50 08/01/2018 40,650 0.0125,000 PHH Corporation 7.38 09/01/2019 26,688 0.0170,000 SLM Corporation 8.45 15/06/2018 81,550 0.0375,000 Walter InvestmentManagementCorporation 7.88 15/12/2021 75,938 0.03365,522 0.11Consumer Goods (0.09%)15,000 Elizabeth ArdenIncorporated 7.38 15/03/2021 16,350 -93,000 Libbey GlassIncorporated 6.88 15/05/2020 100,440 0.0375,000 Prestige BrandsIncorporated 5.38 15/12/2021 75,563 0.03100,000 Revlon ConsumerProductsCorporation 5.75 15/02/2021 98,625 0.03290,978 0.09Consumer Services (0.07%)15,000 Ashtead CapitalIncorporated 6.50 15/07/2022 15,994 -10,000 Avis Budget CarRental LLC 9.75 15/03/2020 11,675 -35,000 Avis Budget CarRental LLC 5.50 04/01/2023 33,906 0.0125,000 CorrectionsCorporation ofAmerica 4.63 05/01/2023 23,563 0.01U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundConsumer Services cont.USD 20,000 Corrections Corporationof America 4.13 04/01/2020 USD 19,600 0.015,000 Hertz Corporation 7.50 15/10/2018 5,394 -5,000 Hertz Corporation 6.75 15/04/2019 5,388 -35,000 Hertz Corporation 6.25 15/10/2022 36,138 0.0130,000 Hertz Corporation 5.88 15/10/2020 31,088 0.0150,000 United Rentals NorthAmericaIncorporated 7.63 15/04/2022 55,563 0.02238,309 0.07Containers (0.05%)125,000 Crown Americas LLC 4.50 15/01/2023 116,875 0.0435,000 Reynolds GroupIssuer Incorporated 5.75 15/10/2020 35,700 0.01152,575 0.05Electric Utilities (0.22%)180,000 AES Corporation 8.00 06/01/2020 210,600 0.0735,000 AES Corporation 8.00 15/10/2017 41,125 0.0115,000 AES Corporation 7.38 07/01/2021 16,913 0.0135,000 AES Corporation 4.88 15/05/2023 32,813 0.015,000 Appalachian PowerCompany 4.60 30/03/2021 5,364 -1,000 Beaver ValleyFunding Corporation 9.00 06/01/2017 1,006 -8,000 CommonwealthEdison Company 5.90 15/03/2036 9,140 -10,000 Consolidated EdisonCompany of NewYork 4.20 15/03/2042 9,157 -35,000 DPL Incorporated 6.50 15/10/2016 37,888 0.0115,000 Duke EnergyCorporation 2.15 15/11/2016 15,397 -196,000 FirstEnergyCorporation 4.25 15/03/2023 182,702 0.0628,000 FirstEnergyCorporation 2.75 15/03/2018 27,512 0.011,000 MidAmerican EnergyHoldings Company 6.13 04/01/2036 1,136 -10,000 MidAmericanFunding LLC 6.93 03/01/2029 12,060 -80,000 Narragansett ElectricCompany 4.17 12/10/2042 69,955 0.025,000 NiSource FinanceCorporation 6.13 03/01/2022 5,544 -5,000 Pacific Gas & ElectricCompany 6.05 03/01/2034 5,727 -35,000 PPL Capital FundingIncorporated 4.20 15/06/2022 34,985 0.0120,000 PPL Capital FundingIncorporated 3.40 06/01/2023 18,610 0.018,000 Puget Sound EnergyIncorporated 6.97 06/01/2067 8,190 -5,000 Union ElectricCompany 6.40 15/06/2017 5,732 -751,556 0.22Electrical Equipment (0.02%)80,000 GrafTechInternational Limited 6.38 15/11/2020 82,000 0.0282,000 0.02Electronics (0.03%)100,000 FreescaleSemiconductorIncorporated 6.00 15/01/2022 101,125 0.035,000 HoneywellInternationalIncorporated 5.38 03/01/2041 5,486 -The accompanying notes form an integral part of these financial statements.102 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundElectronics cont.USD 5,000 HoneywellInternationalIncorporated 4.25 03/01/2021 USD 5,368 -111,979 0.03Energy (Oil Field) (0.08%)70,000 Calfrac Holdings LP 7.50 12/01/2020 71,400 0.02100,000 Forum EnergyTechnologiesIncorporated 6.25 10/01/2021 105,000 0.0365,000 Hiland Partners LP 7.25 10/01/2020 69,713 0.0225,000 Key Energy ServicesIncorporated 6.75 03/01/2021 25,625 0.01271,738 0.08Entertainment (0.14%)45,000 Cedar Fair LP 5.25 15/03/2021 44,438 0.0140,000 Churchill DownsIncorporated 5.38 15/12/2021 40,700 0.0115,000 Cinemark USAIncorporated 4.88 06/01/2023 14,100 -15,000 Cinemark USAIncorporated 7.38 15/06/2021 16,575 0.0190,000 GLP Financing IIIncorporated 4.88 11/01/2020 90,000 0.0390,000 GLP Financing IIIncorporated 4.38 11/01/2018 92,025 0.0395,000 Regal EntertainmentGroup 5.75 15/06/2023 93,338 0.0385,000 Six FlagsEntertainmentCorporation 5.25 15/01/2021 83,088 0.02474,264 0.14Financial (0.37%)215,000 Ally FinancialIncorporated 6.25 12/01/2017 239,725 0.085,000 Ally FinancialIncorporated 8.30 02/12/2015 5,375 -5,000 Ally FinancialIncorporated 8.00 15/03/2020 5,994 -75,000 Ally FinancialIncorporated 7.50 15/09/2020 87,375 0.0310,000 Ally FinancialIncorporated 8.00 31/12/2018 11,800 -10,000 AssociatesCorporation of NorthAmerica 6.95 11/01/2018 11,898 -14,000 Berkshire HathawayFinance Corporation 4.30 15/05/2043 12,529 -130,000 CIT GroupIncorporated 5.50 15/02/2019 139,425 0.0420,000 CIT GroupIncorporated 6.63 04/01/2018 22,475 0.0155,000 CIT GroupIncorporated 5.00 08/01/2023 52,938 0.0235,000 CIT GroupIncorporated 5.00 15/08/2022 34,125 0.0125,000 CIT GroupIncorporated 5.50 15/02/2019 26,813 0.0120,000 CIT GroupIncorporated 5.38 15/05/2020 21,250 0.0125,000 CIT GroupIncorporated 5.25 15/03/2018 26,813 0.0120,000 Community ChoiceFinancialIncorporated 10.75 05/01/2019 16,750 -10,000 GE Capital Trust I 6.38 15/11/2067 10,800 -15,000 General ElectricCapital Corporation 6.75 15/03/2032 18,575 0.01U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundFinancial cont.USD 50,000 General ElectricCapital Corporation 3.10 01/09/2023 USD 47,438 0.0110,000 General ElectricCapital Corporation 0.87 04/07/2014 10,016 -85,000 General ElectricCapital Corporation 5.30 02/11/2021 95,083 0.0370,000 Icahn Enterprises LP 6.00 08/01/2020 72,100 0.0255,000 Icahn Enterprises LP 8.00 15/01/2018 57,200 0.02175,000 Leucadia NationalCorporation 5.50 18/10/2023 174,898 0.0545,000 TMX Finance LLC 8.50 15/09/2018 47,700 0.011,249,095 0.37Food (0.10%)50,000 B&G FoodsIncorporated 4.63 06/01/2021 47,875 0.015,000 Bunge LimitedFinance Corporation 4.10 15/03/2016 5,281 -5,000 Dean FoodsCompany 7.00 06/01/2016 5,525 -115,000 Hawk AcquisitionSub Incorporated 4.25 15/10/2020 111,263 0.0410,000 Kraft Foods GroupIncorporated 6.50 02/09/2040 11,725 -10,000 Post HoldingsIncorporated 7.38 15/02/2022 10,700 -20,000 Post HoldingsIncorporated 7.38 15/02/2022 21,400 0.0130,000 Smithfield FoodsIncorporated 6.63 15/08/2022 31,725 0.0120,000 Sun Merger SubIncorporated 5.88 08/01/2021 20,500 0.0115,000 Sun Merger SubIncorporated 5.25 08/01/2018 15,675 -35,000 Tyson FoodsIncorporated 6.60 04/01/2016 39,069 0.0120,000 Wells EnterprisesIncorporated 6.75 02/01/2020 20,300 0.01341,038 0.10Forest Products and Packaging (0.23%)100,000 Boise CascadeCompany 6.38 11/01/2020 105,250 0.0395,000 Graphic PackagingInternationalIncorporated 4.75 15/04/2021 94,050 0.0345,000 International PaperCompany 7.95 15/06/2018 54,661 0.0285,000 Louisiana-PacificCorporation 7.50 06/01/2020 94,563 0.0325,000 PackagingCorporation ofAmerica 4.50 11/01/2023 25,066 0.01109,000 Rock-Tenn Company 4.90 03/01/2022 111,899 0.0360,000 Sealed AirCorporation 6.50 12/01/2020 64,350 0.0255,000 Sealed AirCorporation 5.25 04/01/2023 53,556 0.0235,000 WestvacoCorporation 7.95 15/02/2031 40,610 0.01100,000 WeyerhaeuserCompany 7.38 15/03/2032 122,366 0.03766,371 0.23Gaming and Lottery (0.12%)45,000 CaesarsEntertainmentOperating CompanyIncorporated 9.00 15/02/2020 43,763 0.01The accompanying notes form an integral part of these financial statements.Putnam World Trust 103

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundGaming and Lottery cont.USD 190,000 CaesarsEntertainmentOperating CompanyIncorporated 11.25 06/01/2017 USD 193,325 0.0750,000 Isle of Capri CasinosIncorporated 5.88 15/03/2021 49,125 0.0115,000 Isle of Capri CasinosIncorporated 7.75 15/03/2019 16,238 -60,000 Penn NationalGaming Incorporated 5.88 11/01/2021 59,250 0.0228,000 Rivers PittsburghBorrower LP 9.50 15/06/2019 30,485 0.01392,186 0.12Health-Care Services (0.37%)5,000 Aetna Incorporated 6.75 15/12/2037 6,098 -95,000 AmSurg Corporation 5.63 30/11/2020 98,800 0.0395,000 Aviv HealthcareProperties LP 6.00 15/10/2021 96,663 0.0320,000 Aviv HealthcareProperties LP 7.75 15/02/2019 21,500 0.0115,000 Capella HealthcareIncorporated 9.25 07/01/2017 15,975 -30,000 Community HealthSystemsIncorporated 5.13 15/08/2018 31,050 0.0120,000 Community HealthSystemsIncorporated 8.00 15/11/2019 21,700 0.0110,000 CIGNA Corporation 4.50 15/03/2021 10,627 -20,000 Fresenius MedicalCare US Finance IIIncorporated 5.63 31/07/2019 21,600 0.0130,000 Fresenius MedicalCare US FinanceIncorporated 5.75 15/02/2021 31,800 0.015,000 HCA HoldingsIncorporated 7.75 15/05/2021 5,463 -320,000 HCA Incorporated 6.50 15/02/2020 351,600 0.115,000 HCA Incorporated 7.50 15/02/2022 5,500 -50,000 Health NetIncorporated 6.38 06/01/2017 53,875 0.0230,000 IMS HealthIncorporated 6.00 11/01/2020 31,875 0.0110,000 Omega HealthcareInvestorsIncorporated 6.75 15/10/2022 10,863 -55,000 Tenet HealthcareCorporation 6.00 10/01/2020 57,406 0.0240,000 Tenet HealthcareCorporation 4.50 04/01/2021 37,900 0.0180,000 Tenet HealthcareCorporation 4.38 10/01/2021 75,200 0.0290,000 Tenet HealthcareCorporation 6.25 11/01/2018 99,900 0.0310,000 UnitedHealth GroupIncorporated 4.70 15/02/2021 10,844 -10,000 UnitedHealth GroupIncorporated 4.63 15/11/2041 9,389 -45,000 UnitedHealth GroupIncorporated 3.95 15/10/2042 38,348 0.0145,000 UnitedHealth GroupIncorporated 2.75 15/02/2023 41,045 0.0175,000 WellCare HealthPlans Incorporated 5.75 15/11/2020 76,688 0.021,261,709 0.37Homebuilding (0.13%)20,000 D.R. HortonIncorporated 5.75 15/08/2023 20,350 0.01U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundHomebuilding cont.USD 100,000 Howard HughesCorporation 6.88 10/01/2021 USD 103,750 0.0425,000 Lennar Corporation 4.75 15/11/2022 23,188 0.0120,000 M/I HomesIncorporated 8.63 15/11/2018 21,650 0.0140,000 Pulte GroupIncorporated 7.63 15/10/2017 46,000 0.0115,000 Pulte GroupIncorporated 7.88 15/06/2032 15,413 -75,000 PulteGroupIncorporated 6.00 15/02/2035 63,563 0.025,000 Realogy Corporation 7.63 15/01/2020 5,613 -40,000 Standard PacificCorporation 6.25 15/12/2021 41,700 0.017,000 Taylor MorrisonCommunitiesIncorporated 7.75 15/04/2020 7,700 -35,000 Taylor MorrisonCommunitiesIncorporated 5.25 15/04/2021 34,038 0.0140,000 Taylor MorrisonCommunitiesIncorporated 7.75 15/04/2020 44,000 0.01426,965 0.13Insurance (0.29%)35,000 Aflac Incorporated 8.50 15/05/2019 44,702 0.015,000 Aflac Incorporated 6.90 17/12/2039 6,150 -261,000 AmericanInternational GroupIncorporated 8.18 01/01/2068 315,810 0.1015,000 AmericanInternational GroupIncorporated 5.85 16/01/2018 17,208 0.015,000 AmericanInternational GroupIncorporated 4.25 15/09/2014 5,130 -115,000 Genworth HoldingsIncorporated 7.70 15/06/2020 136,919 0.0410,000 Hartford FinancialServices GroupIncorporated 5.13 15/04/2022 10,891 -220,000 Liberty Mutual GroupIncorporated 7.80 15/03/2037 236,500 0.0718,000 PrimericaIncorporated 4.75 15/07/2022 18,488 0.0110,000 ProgressiveCorporation 6.70 15/06/2037 10,800 -10,000 Prudential FinancialIncorporated 8.88 15/06/2038 12,175 -110,000 Prudential FinancialIncorporated 5.20 15/03/2044 106,150 0.0335,000 Swiss Re Treasury USCorporation 4.25 12/06/2042 30,077 0.0120,000 Travelers PropertyCasualityCorporation 7.75 15/04/2026 25,499 0.01976,499 0.29Investment Banking/Brokerage (0.05%)140,000 E*Trade FinancialCorporation 6.38 15/11/2019 150,325 0.045,000 Goldman SachsGroup LP 3.63 02/07/2016 5,247 -15,000 Goldman SachsGroup Incorporated 7.50 15/02/2019 18,241 0.013,000 Goldman SachsGroup Incorporated 6.75 10/01/2037 3,321 -The accompanying notes form an integral part of these financial statements.104 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundInvestment Banking/Brokerage cont.USD 5,000 Neuberger BermanGroup LLC 5.63 15/03/2020 USD 5,250 -182,384 0.05Lodging/Tourism (0.15%)5,000 Choice HotelsInternationalIncorporated 5.70 28/08/2020 5,263 -15,000 FelCor Lodging LP 10.00 10/01/2014 15,863 -30,000 FelCor Lodging LP 6.75 06/01/2019 31,950 0.0120,000 FelCor Lodging LP 5.63 03/01/2023 19,500 0.0114,000 Host Hotels &Resorts LP 6.00 10/01/2021 15,243 -6,000 Host Hotels &Resorts LP 5.25 15/03/2022 6,255 -10,000 Hyatt HotelsCorporation 3.38 15/07/2023 9,132 -50,000 Marriott InternationalIncorporated 3.00 03/01/2019 50,198 0.0270,000 MGM ResortsInternational 7.63 15/01/2017 79,625 0.035,000 MGM ResortsInternational 6.88 04/01/2016 5,500 -45,000 MGM ResortsInternational 6.75 10/01/2020 48,150 0.01145,000 MGM ResortsInternational 8.63 02/01/2019 170,013 0.0715,000 MGM ResortsInternational 7.75 15/03/2022 16,688 -15,000 MGM ResortsInternational 6.63 15/12/2021 15,806 -489,186 0.15Machinery (0.13%)120,000 Briggs & StrattonCorporation 6.88 15/12/2020 131,850 0.0420,000 Deere & Company 2.60 06/08/2022 18,701 0.0130,000 Manitowoc CompanyIncorporated 5.88 15/10/2022 30,300 0.01125,000 Terex Corporation 6.50 04/01/2020 133,750 0.04115,000 Terex Corporation 6.00 15/05/2021 118,738 0.03433,339 0.13Manufacturing (0.09%)160,000 MasTec Incorporated 4.88 15/03/2023 151,200 0.0330,000 PolyporeInternationalIncorporated 7.50 15/11/2017 31,725 0.0159,000 ThermadyneHoldings Corporation 9.00 15/12/2017 63,130 0.0250,000 Titan InternationalIncorporated 6.88 10/01/2020 52,125 0.0220,000 WESCO DistributionIncorporated 5.38 15/12/2021 20,000 0.01318,180 0.09Media (0.03%)5,000 21st Century FoxAmericaIncorporated 7.75 12/01/2045 6,318 -15,000 21st Century FoxAmericaIncorporated 6.20 15/12/2034 16,604 -30,000 21st Century FoxAmericaIncorporated 3.00 15/09/2022 28,202 0.015,000 CBS Corporation 4.50 03/01/2021 5,247 -35,000 Nielsen Finance LLC 4.50 10/01/2020 34,038 0.02U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundMedia cont.USD 5,000 Time WarnerIncorporated 3.15 15/07/2015 USD 5,180 -5,000 Walt DisneyCompany 2.75 16/08/2021 4,824 -100,413 0.03Medical Services (0.04%)45,000 Service CorporationInternational 5.38 15/01/2022 45,563 0.025,000 Service CorporationInternational 7.00 15/05/2019 5,350 -55,000 Service CorporationInternational 6.75 04/01/2016 59,950 0.0215,000 Stewart EnterprisesIncorporated 6.50 15/04/2019 15,900 -126,763 0.04Medical Technology (0.09%)60,000 Biomet Incorporated 6.50 08/01/2020 63,000 0.02195,000 Kinetic ConceptsIncorporated 10.50 11/01/2018 224,250 0.0715,000 Teleflex Incorporated 6.88 06/01/2019 15,750 -303,000 0.09Metals (0.04%)40,000 Novelis Incorporated 8.75 15/12/2020 44,500 0.0250,000 Steel DynamicsIncorporated 7.63 15/03/2020 54,250 0.025,000 Steel DynamicsIncorporated 6.38 15/08/2022 5,400 -10,000 Steel DynamicsIncorporated 6.13 15/08/2019 10,825 -10,000 Steel DynamicsIncorporated 5.25 15/04/2023 9,975 -124,950 0.04Natural Gas Utilities (0.16%)9,000 Boardwalk PipelinesLP 5.88 15/11/2016 9,981 -35,000 El Paso Corporation 7.00 15/06/2017 39,572 0.0130,000 Energy TransferEquity LP 7.50 15/10/2020 33,675 0.015,000 Energy TransferPartners LP 6.50 02/01/2042 5,376 -5,000 Energy TransferPartners LP 5.20 02/01/2022 5,250 -20,000 Enterprise ProductsOperating LLC 4.85 15/08/2042 18,835 0.0130,000 EP Energy LLC 6.88 05/01/2019 32,288 0.0110,000 EP Energy LLC 7.75 09/01/2022 11,200 -50,000 EP Energy FinanceIncorporated 9.38 05/01/2020 57,688 0.0243,566 EPE Holdings LLC 8.88 15/12/2017 45,309 0.015,000 Kinder MorganEnergy Partners LP 6.85 15/02/2020 5,943 -144,000 Kinder MorganIncorporated 5.00 15/02/2021 141,120 0.0545,000 Regency EnergyPartners 5.50 15/04/2023 43,875 0.0180,000 Regency EnergyPartners LP 4.50 11/01/2023 72,800 0.03522,912 0.16Office Equipment and Supplies (-%)5,000 Staples Incorporated 2.75 01/12/2018 5,075 -5,075 -Oil and Gas (0.67%)10,000 Access MidstreamPartners LP 5.88 15/04/2021 10,650 -10,000 Access MidstreamPartners LP 6.13 15/07/2022 10,700 -The accompanying notes form an integral part of these financial statements.Putnam World Trust 105

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundOil and Gas cont.USD 115,000 Access MidstreamPartners LP 4.88 15/05/2023 USD 110,975 0.0320,000 Anadarko FinanceCompany 7.50 05/01/2031 24,316 0.015,000 Anadarko PetroleumCorporation 5.95 15/09/2016 5,580 -115,000 Anadarko PetroleumCorporation 6.45 15/09/2036 129,138 0.045,000 Anadarko PetroleumCorporation 6.95 15/06/2019 5,951 -80,000 Antero ResourcesFinance Corporation 5.38 11/01/2021 80,800 0.0211,000 Apache Corporation 3.25 15/04/2022 10,838 -10,000 Apache Corporation 5.10 09/01/2040 10,109 -15,000 Atwood OceanicsIncorporated 6.50 02/01/2020 16,013 -120,000 Carrizo Oil & GasIncorporated 8.63 15/10/2018 129,900 0.0410,000 Chaparral EnergyIncorporated 9.88 10/01/2020 11,300 -40,000 Chaparral EnergyIncorporated 8.25 09/01/2021 43,400 0.0150,000 Chesapeake EnergyCorporation 9.50 15/02/2015 54,188 0.0225,000 Chesapeake EnergyCorporation 5.75 15/03/2023 25,750 0.0125,000 Chesapeake OilfieldOperating LLC 6.63 15/11/2019 26,188 0.0120,000 Concho ResourcesIncorporated 6.50 15/01/2022 21,600 0.0140,000 Concho ResourcesIncorporated 5.50 04/01/2023 41,100 0.0110,000 Concho ResourcesIncorporated 5.50 10/01/2022 10,325 -55,000 ContinentalResourcesIncorporated 5.00 15/09/2022 57,131 0.0260,000 Crosstex Energy LP 8.88 15/02/2018 63,075 0.0230,000 Denbury ResourcesIncorporated 8.25 15/02/2020 33,075 0.015,000 Denbury ResourcesIncorporated 6.38 15/08/2021 5,313 -35,000 Hercules OffshoreIncorporated 7.50 10/01/2021 37,100 0.0140,000 Hercules OffshoreIncorporated 8.75 15/07/2021 44,350 0.0110,000 Hess Corporation 7.30 15/08/2031 12,213 -5,000 Kerr-McGeeCorporation 7.88 15/09/2031 6,257 -20,000 Kodiak Oil & GasCorporation 5.50 02/01/2022 19,900 0.0125,000 Laredo PetroleumIncorporated 9.50 15/02/2019 27,938 0.01130,000 Linn Energy LLC 7.00 11/01/2019 131,300 0.0495,000 Newfield ExplorationCompany 5.75 30/01/2022 97,969 0.0310,000 Noble CorporationPLC 6.05 03/01/2041 10,277 -125,000 Oasis PetroleumIncorporated 6.88 15/03/2022 132,500 0.0420,000 Oasis PetroleumIncorporated 6.88 15/01/2023 21,250 0.0120,000 Petrohawk EnergyCorporation 7.25 15/08/2018 21,560 0.01217,000 Plains Exploration &Production Company 6.75 02/01/2022 239,031 0.0725,000 Range ResourcesCorporation 6.75 08/01/2020 27,063 0.01U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundOil and Gas cont.USD 10,000 Range ResourcesCorporation 5.00 15/08/2022 USD 9,825 -50,000 Rosetta ResourcesIncorporated 5.63 05/01/2021 49,875 0.0125,000 Sabine Pass LNG LP 6.50 11/01/2020 25,938 0.0125,000 SandRidge EnergyIncorporated 7.50 15/03/2021 26,188 0.0160,000 Shelf DrillingHoldings Limited 8.63 11/01/2018 64,800 0.0210,000 SM Energy Company 6.63 15/02/2019 10,625 -10,000 SM Energy Company 6.50 15/11/2021 10,600 -5,000 SM Energy Company 6.50 01/01/2023 5,250 -25,000 Unit Corporation 6.63 15/05/2021 26,375 0.01210,000 Whiting PetroleumCorporation 5.75 15/03/2021 219,450 0.093,000 Williams CompaniesIncorporated 7.75 15/06/2031 3,217 -4,000 Williams CompaniesIncorporated 7.88 09/01/2021 4,612 -15,000 WPX EnergyIncorporated 6.00 15/01/2022 15,000 -30,000 WPX EnergyIncorporated 5.25 15/01/2017 32,025 0.012,269,903 0.67Pharmaceuticals (0.12%)45,000 AbbVie Incorporated 2.90 11/06/2022 42,159 0.0110,000 Actavis PLC 4.63 10/01/2042 9,140 -10,000 Actavis PLC 3.25 10/01/2022 9,349 -5,000 Actavis PLC 1.88 10/01/2017 4,973 -40,000 Endo FinanceCompany 5.75 15/01/2022 40,350 0.0130,000 SalixPharmaceuticalsLimited 6.00 15/01/2021 30,750 0.01140,000 ValeantPharmaceuticalsInternational 6.88 12/01/2018 149,800 0.0510,000 ValeantPharmaceuticalsInternational 6.38 15/10/2020 10,538 -110,000 ValeantPharmaceuticalsInternational 6.75 15/08/2018 120,863 0.04417,922 0.12Power Producers (0.11%)25,000 Calpine Corporation 6.00 15/01/2022 25,563 0.0120,000 Calpine Corporation 5.88 15/01/2024 19,600 0.01105,000 GenOn AmericasGeneration LLC 9.13 05/01/2031 106,838 0.0310,000 GenOn EnergyIncorporated 9.88 15/10/2020 11,100 -5,000 GenOn EnergyIncorporated 9.50 15/10/2018 5,663 -180,000 NRG EnergyIncorporated 7.88 15/05/2021 199,350 0.06368,114 0.11Publishing (0.04%)55,000 Gannett CompanyIncorporated 5.13 15/07/2020 55,688 0.0270,000 Gannett CompanyIncorporated 5.13 15/10/2019 72,888 0.02128,576 0.04Railroads (0.02%)15,000 Burlington NorthernSanta Fe LLC 5.40 06/01/2041 15,649 -The accompanying notes form an integral part of these financial statements.106 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundRailroads cont.USD 40,000 CSX Corporation 4.10 15/03/2044 USD 33,896 0.0126,000 Kansas City SouthernRailway Company 4.30 15/05/2043 22,678 0.0172,223 0.02Real Estate (0.22%)60,000 Allegion US HoldingCompanyIncorporated 5.75 10/01/2021 62,400 0.0210,000 Camden PropertyTrust 4.88 15/06/2023 10,429 -5,000 CB Richard EllisServicesIncorporated 6.63 15/10/2020 5,350 -185,000 CBL & Associates LP 5.25 12/01/2023 184,754 0.0640,000 CBRE ServicesIncorporated 5.00 15/03/2023 38,450 0.0125,000 DDR Corporation 7.88 09/01/2020 30,884 0.0110,000 Duke Realty LP 6.75 15/03/2020 11,552 -9,000 Duke Realty LP 6.50 15/01/2018 10,285 -115,000 EPR Properties 5.25 15/07/2023 112,424 0.0410,000 HCP Incorporated 3.15 08/01/2022 9,125 -15,000 Health Care REITIncorporated 3.75 15/03/2023 14,154 -45,000 iStar FinancialIncorporated 7.13 15/02/2018 49,838 0.02100,000 Mid-AmericaApartments LP 4.30 15/10/2023 97,532 0.0310,000 MPT OperatingPartnership LP 6.88 05/01/2021 10,700 -70,000 MPT OperatingPartnership LP 6.38 15/02/2022 72,450 0.0310,000 RayonierIncorporated 3.75 04/01/2022 9,418 -15,000 Realty IncomeCorporation 4.65 08/01/2023 15,097 -5,000 Simon PropertyGroup LP 3.38 15/03/2022 4,873 -5,000 Vornado Realty LP 4.25 04/01/2015 5,156 -754,871 0.22Regional Bells (0.04%)25,000 CyrusOne LP 6.38 15/11/2022 25,875 0.0175,000 FrontierCommunicationsCorporation 8.13 10/01/2018 85,875 0.0225,000 FrontierCommunicationsCorporation 7.63 15/04/2024 25,000 0.01136,750 0.04Restaurants (0.02%)20,000 Burger KingCorporation 9.88 15/10/2018 22,200 0.0130,000 DineEquityIncorporated 9.50 30/10/2018 33,300 0.015,000 McDonald'sCorporation 5.70 02/01/2039 5,617 -61,117 0.02Retail (0.22%)5,000 AutonationIncorporated 6.75 15/04/2018 5,788 -10,000 AutonationIncorporated 5.50 02/01/2020 10,750 -25,000 Claire's StoresIncorporated 6.13 15/03/2020 23,938 0.0145,000 Claire's StoresIncorporated 9.00 15/03/2019 48,825 0.0125,000 Claire's StoresIncorporated 9.00 15/03/2019 27,125 0.01U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundRetail cont.USD 115,000 CST BrandsIncorporated 5.00 05/01/2023 USD 110,975 0.0410,000 Home DepotIncorporated 5.95 04/01/2041 11,611 -4,000 Home DepotIncorporated 5.40 03/01/2016 4,388 -6,000 Kroger Company 6.40 15/08/2017 6,874 -80,000 L BrandsIncorporated 6.63 04/01/2021 87,600 0.0310,000 L BrandsIncorporated 5.63 15/02/2022 10,225 -85,000 Macy's RetailHoldingsIncorporated 6.90 04/01/2029 96,456 0.045,000 Macy's RetailHoldingsIncorporated 5.13 15/01/2042 4,785 -45,000 Macy's RetailHoldingsIncorporated 4.30 15/02/2043 37,978 0.0110,000 Macy's RetailHoldingsIncorporated 3.88 15/01/2022 9,986 -110,000 Neiman MarcusGroup LLC 7.13 06/01/2028 108,900 0.0410,000 O'Reilly AutomotiveIncorporated 3.85 15/06/2023 9,597 -30,000 Penske AutomotiveGroup Incorporated 5.75 10/01/2022 30,675 0.0160,000 Rent-A-CenterIncorporated 4.75 05/01/2021 56,250 0.025,000 Rite Aid Corporation 8.00 15/08/2020 5,625 -14,000 TJX CompaniesIncorporated 2.50 15/05/2023 12,665 -6,000 Wal-Mart StoresIncorporated 6.50 15/08/2037 7,506 -5,000 Wal-Mart StoresIncorporated 5.00 25/10/2040 5,231 -5,000 Wal-Mart StoresIncorporated 4.88 07/08/2040 5,098 -738,851 0.22Shipping (-%)5,000 FedEx Corporation 2.63 08/01/2022 4,537 -4,537 -Software (0.02%)5,000 MicrosoftCorporation 5.30 02/08/2041 5,381 -5,000 MicrosoftCorporation 4.20 06/01/2019 5,526 -45,000 Oracle Corporation 2.50 15/10/2022 41,412 0.0252,319 0.02Technology Services (0.09%)29,000 Fidelity NationalInformation ServicesIncorporated 5.00 15/03/2022 29,616 0.01135,000 First DataCorporation 7.38 15/06/2019 144,113 0.055,000 First DataCorporation 7.38 15/06/2019 5,338 -10,000 Iron MountainIncorporated 7.75 10/01/2019 11,150 -95,000 Iron MountainIncorporated 6.00 15/08/2023 97,375 0.03287,592 0.09Telecommunications (0.39%)10,000 American TowerCorporation 7.00 15/10/2017 11,526 -The accompanying notes form an integral part of these financial statements.Putnam World Trust 107

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundTelecommunications cont.USD 5,000 Crown CastleInternationalCorporation 7.13 11/01/2019 USD 5,388 -50,000 Crown CastleInternationalCorporation 5.25 15/01/2023 49,000 0.0120,000 Hughes SatelliteSystems Corporation 6.50 15/06/2019 21,650 0.0120,000 Hughes SatelliteSystems Corporation 7.63 15/06/2021 22,300 0.0110,000 Level 3 FinancingIncorporated 8.63 15/07/2020 11,200 -110,000 MetroPCS WirelessIncorporated 6.63 04/01/2023 113,575 0.03100,000 MetroPCS WirelessIncorporated 6.25 04/01/2021 103,750 0.0359,000 Qwest Corporation 6.75 12/01/2021 64,319 0.0210,000 SBATelecommunicationsIncorporated 5.75 15/07/2020 10,400 -55,000 SBA Tower Trustnotes 2.93 15/12/2017 55,847 0.0220,000 SprintCommunicationsIncorporated 9.00 15/11/2018 24,050 0.0180,000 SprintCommunicationsIncorporated 8.38 15/08/2017 92,600 0.03365,000 SprintCommunicationsIncorporated 7.00 15/08/2020 396,025 0.12200,000 Sprint Corporation 7.88 15/09/2023 215,000 0.06110,000 Sprint Corporation 7.25 15/09/2021 118,113 0.041,314,743 0.39Telephone (0.18%)90,000 CenturyLinkIncorporated 6.75 12/01/2023 91,125 0.0320,000 CenturyLinkIncorporated 5.63 04/01/2020 20,350 0.0140,000 T-Mobile USAIncorporated 5.25 09/01/2018 42,100 0.0115,000 T-Mobile USAIncorporated 6.84 28/04/2023 15,506 -40,000 T-Mobile USAIncorporated 6.63 28/04/2021 41,800 0.0110,000 T-Mobile USAIncorporated 6.13 15/01/2022 10,200 -200,000 VerizonCommunicationsIncorporated 6.40 15/09/2033 231,373 0.0750,000 VerizonCommunicationsIncorporated 4.50 15/09/2020 53,556 0.0260,000 WindstreamCorporation 7.88 11/01/2017 68,550 0.0210,000 WindstreamCorporation 7.75 10/01/2021 10,600 -35,000 WindstreamCorporation 6.38 08/01/2023 32,725 0.01617,885 0.18Textiles (-%)10,000 HanesbrandsIncorporated 6.38 15/12/2020 10,925 -10,925 -U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundTobacco (0.02%)USD 49,000 Altria GroupIncorporated 4.00 31/01/2024 USD 48,046 0.014,000 Altria GroupIncorporated 9.70 11/10/2018 5,258 -20,000 Altria GroupIncorporated 2.85 08/09/2022 18,443 0.0171,747 0.02Trucks and Parts (0.15%)60,000 American Axle &ManufacturingIncorporated 7.75 15/11/2019 68,700 0.02209,000 Delphi Corporation 5.00 15/02/2023 215,270 0.07105,000 Pittsburgh GlassWorks LLC 8.00 15/11/2018 110,513 0.035,000 TennecoIncorporated 7.75 15/08/2018 5,350 -80,000 TennecoIncorporated 6.88 15/12/2020 87,400 0.03487,233 0.15Total U.S. Corporate Bonds and Notes USD 24,063,707 7.14REPURCHASE AGREEMENTS (6.20%)Principal Value % ofAmountUSD FundUSD Repurchase Agreement - Merrill Lynch,USD20,898,000 Pierce, Fenner and Smith Incorporated* 20,898,000 6.20Total Repurchase Agreements USD 20,898,000 6.20* Interest in USD 51,788,000 joint repurchase agreement dated 31 December 2013 withMerrill Lynch, Pierce, Fenner and Smith Inc. due 2 January 2014 -- maturity value ofUSD 20,898,001 for an effective yield of 0.001% (collateralised by U.S. Treasury Bills withcoupon rate of 2.125% and due date of 31 August 2020 valued at USD 53,634,526).U.S. GOVERNMENT AND AGENCY MORTGAGE OBLIGATIONS (4.35%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundU.S. Government Guaranteed Mortgage Obligations (0.57%)USD Government National2,000,000 MortgageAssociation Pass-Through CertificatesTBA 3.00 01/01/2044USD1,931,875 0.571,931,875 0.57U.S. Government Agency Mortgage Obligations (3.78%)USD Federal National4,000,000 MortgageAssociation Pass-Through CertificatesTBA 6.00 01/01/2044USD4,441,246 1.326,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 4.00 01/01/2044 6,182,813 1.842,000,000 Federal NationalMortgageAssociation Pass-Through CertificatesTBA 3.50 01/01/2029 2,091,719 0.6212,715,778 3.78Total U.S. Government and Agency MortgageObligations USD 14,647,653 4.35The accompanying notes form an integral part of these financial statements.108 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013U.S. GOVERNMENT AGENCY OBLIGATIONS (3.85%)Principal Effective Maturity Value % ofAmounts Yield Dates USD FundUSD Federal HomeUSD6,000,000 Loan Bank 0.02-0.03 01/02/2014 5,999,996 1.782,000,000 Federal HomeLoan Bank 0.00-0.03 01/10/2014 1,999,983 0.593,000,000 Federal NationalMortgageAssociation 0.05 29/01/2014 2,999,883 0.892,000,000 Federal NationalMortgageAssociation 0.04 27/01/2014 1,999,942 0.59Total U.S. Government Agency Obligations USD 12,999,804 3.85MORTGAGE-BACKED SECURITIES (3.12%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundAgency Collateralised Mortgage Obligations (0.30%)USD 477,367 Federal Home LoanMortgageCorporation(Class AS) 5.83 15/08/2043 USD 102,636 0.03447,568 Federal Home LoanMortgageCorporation(Class AS) 5.72 15/09/2043 95,394 0.03444,489 Federal Home LoanMortgageCorporation(Class S1) 5.78 15/08/2043 96,788 0.03270,138 Federal Home LoanMortgageCorporation(Class S4) 5.78 15/09/2043 60,016 0.02$33,851 Federal Home LoanMortgageCorporation(Class SQ) 6.38 15/05/2040 6,391 -344,197 Federal NationalMortgageAssociation(Class AI) 4.50 25/07/2027 41,290 0.0125,989 Federal NationalMortgageAssociation(Class SE) 22.52 25/11/2035 37,311 0.01841,588 Government NationalMortgageAssociation(Class AS) 5.59 20/02/2040 127,501 0.04433,114 Government NationalMortgageAssociation(Class CS) 5.98 20/10/2042 70,169 0.02332,837 Government NationalMortgageAssociation(Class QI) 4.50 20/01/2040 73,174 0.02526,412 Government NationalMortgageAssociation(Class SE) 6.38 20/07/2040 95,238 0.0355,714 Government NationalMortgageAssociation(Class SG) 5.53 20/03/2040 8,821 -478,372 Government NationalMortgageAssociation(Class UI) 5.00 20/01/2040 106,209 0.03MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundAgency Collateralised Mortgage Obligations cont.USD 586,584 Government NationalMortgageAssociation(Class XD) 6.43 16/01/2040 USD 105,333 0.03USD 1,026,271 0.30Commercial Mortgage-Backed Securities (2.18%)USD 5,575 Banc of AmericaCommercialMortgage Trust(Class A2) 5.63 04/10/2049 USD 5,630 -6,520 Banc of AmericaCommercialMortgage Trust(Class A2) 5.31 10/10/2045 6,534 -100,000 Banc of AmericaCommercialMortgage Trust(Class A3) 5.39 09/10/2047 102,063 0.03160,000 Bear StearnsCommercialMortgage SecuritiesTrust (Class AJ) (F) 4.99 09/11/2042 162,928 0.05350,000 CFCRE CommercialMortgage Trust(Class D) 5.56 15/12/2047 359,030 0.10102,000 CitigroupCommercialMortgage Trust(Class D) (F) 4.88 09/10/2045 92,494 0.0384,000 COMM MortgageTrust (Class AJ) 5.21 06/10/2044 87,626 0.0358,000 COMM MortgageTrust (Class AM) 5.35 12/10/2046 67,007 0.0267,000 COMM MortgageTrust (Class AM) 3.91 15/05/2045 66,976 0.02213,000 COMM MortgageTrust (Class D) 5.09 05/10/2043 221,902 0.07162,000 COMM MortgageTrust (Class D) 5.17 10/10/2046 143,022 0.0450,000 Credit Suisse FirstBoston MortgageSecuritiesCorporation(Class E) (F) 5.57 15/05/2036 55,520 0.0221,157 Credit Suisse FirstBoston MortgageSecuritiesCorporation (Class E) 5.34 15/12/2035 21,181 0.0124,856 Credit SuisseMortgage CapitalCertificates(Class A2) 5.76 15/09/2039 24,876 0.01371,101 DBRR Trust (Class A) 1.64 18/12/2049 371,681 0.11185,000 GE CapitalCommercialMortgageCorporation(Class AJ) 4.83 06/10/2048 189,070 0.0612,518 GS MortgageSecurities Trust(Class A) 5.51 04/10/2038 12,565 -64,000 GS MortgageSecurities Trust(Class D) 5.64 08/10/2038 64,760 0.02230,000 GS MortgageSecurities Trust(Class D) 5.54 03/10/2044 231,589 0.07The accompanying notes form an integral part of these financial statements.Putnam World Trust 109

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCommercial Mortgage-Backed Securities cont.USD GS Mortgage1,972,824 Securities Trust(Class XA) 2.39 11/10/2045 USD 259,817 0.081,100,210 GS MortgageSecurities Trust(Class XA) 1.72 08/10/2044 75,474 0.0283,000 JPMBB CommercialMortgage SecuritiesTrust (Class D) 4.09 15/07/2045 68,670 0.0229,000 JPMorgan ChaseCommercialMortgage SecuritiesCorporation(Class B) 4.96 15/01/2042 31,100 0.0113,315 JPMorgan ChaseCommercialMortgage SecuritiesCorporation(Class D) 5.19 01/12/2037 13,415 -12,290 JPMorgan ChaseCommercialMortgage SecuritiesCorporation (Class E) 5.75 12/12/2034 12,167 -2,886,617 JPMorgan ChaseCommercialMortgage SecuritiesCorporation(Class IO) (F) 1.99 15/05/2045 297,033 0.0879,895 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A2) 5.79 15/06/2049 79,895 0.02183,706 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A2) 5.12 15/07/2041 186,367 0.06275,231 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A3) 5.93 15/02/2051 277,700 0.0830,917 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class A3) 5.32 15/01/2049 30,956 0.0142,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class B) 5.65 06/12/2041 43,184 0.0168,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class D) 4.16 15/12/2047 57,225 0.02207,000 JPMorgan ChaseCommercialMortgage SecuritiesTrust (Class D) (F) 6.31 15/06/2043 217,463 0.06123,424 LB-UBS CommercialMortgage Trust(Class A2) 5.30 15/11/2038 128,094 0.0474,665 LB-UBS CommercialMortgage Trust(Class A4) (F) 5.86 15/07/2040 80,511 0.0264,000 LB-UBS CommercialMortgage Trust(Class AM) (F) 6.15 15/04/2041 72,845 0.0252,000 LB-UBS CommercialMortgage Trust(Class C) (F) 4.84 15/02/2040 53,425 0.02MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCommercial Mortgage-Backed Securities cont.USD 272,000 LB-UBS CommercialMortgage Trust(Class D) 5.15 15/08/2036 USD 275,947 0.0830,000 LB-UBS CommercialMortgage Trust(Class D) 4.95 15/12/2039 30,999 0.0134,000 LB-UBS CommercialMortgage Trust(Class D) (F) 4.86 15/02/2040 34,813 0.01169,000 LB-UBS CommercialMortgage Trust(Class E) (F) 5.18 15/08/2036 171,738 0.05400,000 LB-UBS CommercialMortgage Trust(Class F) 5.00 15/01/2036 406,752 0.12743,986 LB-UBS CommercialMortgage Trust(Class XW) 0.41 15/02/2040 10,490 -52,000 Merrill LynchMortgage Trust(Class AJ) (F) 6.26 02/12/2051 55,588 0.02150,000 Merrill LynchMortgage Trust(Class D) 5.42 01/12/2044 154,225 0.0556,000 MerrillLynch/CountrywideCommercialMortgage Trust(Class AM) 5.46 07/12/2046 61,296 0.02322,000 Morgan Stanley Bankof America MerrillLynch Trust (Class D) 4.42 15/08/2046 273,990 0.081,226 Morgan StanleyCapital I Trust(Class A2) 5.74 08/12/2041 1,226 -8,665 Morgan StanleyCapital I Trust(Class A2) 5.61 15/04/2049 8,714 -19,480 Morgan StanleyCapital I Trust(Class A2) 5.60 04/12/2049 19,577 0.01219,431 Morgan StanleyCapital I Trust(Class A2) (F) 5.60 04/12/2049 223,161 0.07300,000 Morgan StanleyCapital I Trust(Class AJ) (F) 5.65 06/11/2042 321,300 0.0980,000 UBS-BarclaysCommercialMortgage Trust(Class C) (F) 4.96 08/10/2049 78,072 0.0253,000 UBS-BarclaysCommercialMortgage Trust(Class D) 4.96 08/10/2049 47,132 0.01369,480 UBS-BarclaysCommercialMortgage Trust(Class XA) 1.79 05/10/2063 32,836 0.011,282,819 WF-RBS CommercialMortgage (Class XA) 1.62 15/12/2046 122,068 0.04300,000 WF-RBS CommercialMortgage Trust(Class D) 4.63 15/03/2046 255,588 0.0897,000 WF-RBS CommercialMortgage Trust(Class D) 4.46 15/12/2045 84,709 0.03The accompanying notes form an integral part of these financial statements.110 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013MORTGAGE-BACKED SECURITIES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundCommercial Mortgage-Backed Securities cont.USD 67,000 WF-RBS CommercialMortgage Trust(Class D) 4.18 15/03/2045 USD 55,861 0.02145,000 WF-RBS CommercialMortgage Trust(Class D) 4.00 15/06/2046 118,828 0.04221,000 WF-RBS CommercialMortgage Trust(Class E) 5.25 15/06/2044 211,316 0.06USD 7,328,021 2.18Residential Mortgage-Backed Securities (non-agency) (0.64%)USD BNPP Mortgage640,000 Securities LLC(Class A) 6.00 27/08/2037USD670,003 0.20732,615 MortgageIT Trust(Class 1 M) 0.65 25/02/2035 660,326 0.20180,858 Wells FargoMortgage BackedSecurities Trust(Class 2A) 2.63 25/06/2035 179,158 0.05648,471 Wells FargoMortgage BackedSecurities Trust(Class 2A) 2.63 25/06/2035 648,471 0.19USD 2,157,958 0.64Total Mortgage-Backed Securities USD 10,512,250 3.12NON-U.S. CORPORATE BONDS AND NOTES (1.68%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD 5,000 Abbey NationalTreasury ServicesPLC (UnitedKingdom) 1.82 25/04/2014 USD 5,022 -22,000 Ainsworth LumberCompany Limited(Canada) 7.50 15/12/2017 23,705 0.0175,000 ArcelorMittal(France) 10.35 06/01/2019 94,980 0.0330,000 ArcelorMittal(France) 7.50 15/10/2039 29,475 0.01200,000 Ardagh PackagingFinance PLC(Ireland) 4.88 15/11/2022 198,000 0.063,000 AstraZeneca PLC(United Kingdom) 6.45 15/09/2037 3,579 -170,000 AXA SA (France) 6.38 perpetual 166,175 0.05130,000 BBVA InternationalPreferred SAU(Spain) 5.92 perpetual 125,125 0.0415,000 BNP Paribas SA(France) 2.38 14/09/2017 15,292 -55,000 BombardierIncorporated(Canada) 6.13 15/01/2023 54,588 0.0215,000 BP Capital MarketsPLC (UnitedKingdom) 3.20 03/11/2016 15,755 -105,000 BrookfieldResidentialPropertiesIncorporated(Canada) 6.50 15/12/2020 108,938 0.0355,000 BrookfieldResidentialPropertiesIncorporated(Canada) 6.13 07/01/2022 55,336 0.02NON-U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD 45,000 Canadian NaturalResources Limited(Canada) 5.70 15/05/2017 USD 50,572 0.0240,000 Celanese USHoldings LLC(Germany) 4.63 15/11/2022 38,200 0.0140,000 Celanese USHoldings LLC(Germany) 5.88 15/06/2021 42,600 0.01100,000 CHC Helicopter SA(Canada) 9.25 15/10/2020 107,750 0.03210,000 Commerzbank AG(Germany) 8.13 19/09/2023 231,525 0.07200,000 Credit Suisse GroupAG (Switzerland) 7.50 12/11/2049 211,500 0.066,000 Delhaize Group(Belgium) 4.13 04/10/2019 6,168 -6,000 Deutsche TelekomInternational FinanceBV (Netherlands) 8.75 15/06/2030 8,465 -25,000 Eldorado GoldCorporation(Canada) 6.13 15/12/2020 24,250 0.01290,000 Electricite de France(EDF) (France) 5.25 perpetual 288,550 0.0915,000 FQM AkubraIncorporated(Canada) 7.50 06/01/2021 15,638 -120,000 Garda WorldSecurity Corporation(Canada) 7.25 15/11/2021 121,650 0.04CAD 50,000 Great CanadianGaming Corporation(Canada) 6.63 25/07/2022 49,151 0.01USD Grupo Televisa SAB100,000 (Mexico) 6.63 18/03/2025 111,927 0.0335,000 HBOS CapitalFunding LP (Jersey) 6.07 perpetual 34,869 0.0165,000 IAMGOLDCorporation(Canada) 6.75 10/01/2020 55,900 0.02455,000 ING Bank NV(Netherlands) 5.80 25/09/2023 471,864 0.15455,000 Intelsat JacksonHoldings SA(Bermuda) 7.50 04/01/2021 501,638 0.1630,000 JBS USA LLC (Brazil) 7.25 06/01/2021 31,200 0.0110,000 JBS USA LLC (Brazil) 8.25 02/01/2020 10,850 -14,000 Kansas City Southernde Mexico SA de CV(Mexico) 2.35 15/05/2020 13,031 -200,000 Kerry GroupFinancial Services(Ireland) 3.20 04/09/2023 181,094 0.055,000 Koninklijke (Royal)KPN NV(Netherlands) 8.38 10/01/2030 6,339 -40,000 Legrand France SA(France) 8.50 15/02/2025 51,597 0.0270,000 Mattamy GroupCorporation(Canada) 6.50 15/11/2020 69,300 0.0210,000 MEG EnergyCorporation(Canada) 6.38 30/01/2023 10,075 -3,000 MethanexCorporation(Canada) 3.25 15/12/2019 2,973 -The accompanying notes form an integral part of these financial statements.Putnam World Trust 111

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. CORPORATE BONDS AND NOTES cont.Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD 20,000 New GoldIncorporated(Canada) 6.25 15/11/2022 USD 19,300 0.0155,000 Nielsen CompanyLuxembourg SARL(Luxembourg) 5.50 10/01/2021 56,100 0.0280,000 NII InternationalTelecom Sarl(Luxembourg) 7.88 15/08/2019 60,400 0.0225,000 NSTAR ElectricCompany (Canada) 2.38 15/10/2022 22,702 0.0115,000 Nufarm AustraliaLimited (Australia) 6.38 15/10/2019 15,600 -75,000 Offshore GroupInvestment Limited(Cayman Islands) 7.50 11/01/2019 81,386 0.0275,000 Offshore GroupInvestment Limited(Cayman Islands) 7.13 04/01/2023 76,500 0.027,000 Orange SA (France) 4.13 14/09/2021 7,087 -45,000 Quebecor MediaIncorporated(Canada) 5.75 15/01/2023 43,538 0.01CAD Quebecor Media280,000 Incorporated(Canada) 7.38 15/01/2021 283,276 0.08USD 35,000 RogersCommunicationsIncorporated(Canada) 4.50 15/03/2043 29,783 0.01215,000 Royal Bank ofScotland Group PLC(United Kingdom) 6.10 06/10/2023 219,532 0.0775,000 Royal Bank ofScotland Group PLC(United Kingdom) 6.00 19/12/2023 75,534 0.0265,000 Royal Bank ofScotland Group PLC(United Kingdom) 4.70 07/03/2018 66,037 0.0260,000 SES SA (France) 3.60 04/04/2023 55,854 0.025,000 Shell InternationalFinance BV(Netherlands) 3.10 28/06/2015 5,188 -10,000 Smurfit KappaTreasury FundingLimited (Ireland) 7.50 20/11/2025 10,938 -5,000 Statoil ASA(Norway) 5.10 17/08/2040 5,189 -10,000 Telecom ItaliaCapital SA (Italy) 6.18 18/06/2014 10,225 -85,000 Telefonica EmisionesSAU (Spain) 7.05 20/06/2036 94,918 0.035,000 Teva PharmaceuticalFinance II BV(Curacao) 3.00 15/06/2015 5,160 -40,000 Videotron Limited(Canada) 5.00 15/07/2022 39,100 0.01600,000 VTB Bank OJSC ViaVTB Capital SA(Russia) 6.95 17/10/2022 615,000 0.2045,000 WeatherfordBermuda (Bermuda) 9.88 03/01/2039 63,000 0.025,000 Westpac BankingCorporation(Australia) 3.00 12/09/2015 5,214 -5,000 Westpac BankingCorporation(Australia) 4.88 19/11/2019 5,527 -Total Non-U.S. Corporate Bonds and Notes USD 5,616,734 1.68PURCHASED EQUITY OPTIONS OUTSTANDING (0.31)Contract Expiration Value % ofAmount date/ strike price USD Fund79,065 S&P 500 Index (Put) Nov-14/USD155.00USD266,961 0.0874,847 SPDR S&P 500 ETF Trust (Put) Dec-14/158.00 324,161 0.1050,255 SPDR S&P 500 ETF Trust (Put) Oct-14/152.00 128,846 0.0458,076 SPDR S&P 500 ETF Trust (Put) Sep-14/150.00 114,410 0.0377,221 SPDR S&P 500 ETF Trust (Put) Aug-14/145.00 96,175 0.0377,211 SPDR S&P 500 ETF Trust (Put) Jul-14/147.00 85,695 0.03Total Purchased Equity Options Outstanding USD 1,016,248 0.31FOREIGN GOVERNMENT AND AGENCY BONDS AND NOTES (0.07%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD Poland (Government ofUSD40,000 Poland) 5.00 23/03/2022 42,750 0.01200,000 Ukraine (Government ofUkraine) 7.95 06/04/2014 200,517 0.06Total Foreign Government and Agency Bonds andNotes USD 243,267 0.07CONVERTIBLE BONDS AND NOTES (0.02%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD iStar Financial Incorporated45,000 CV 3.00 15/11/2016USD61,425 0.02Total Convertible Bonds and Notes USD 61,425 0.02CONVERTIBLE PREFERRED STOCKS (0.02%)Number of Value % ofSharesUSD Fund2,205 EPR PropertiesUSD45,0990.01400 United Technologies Corporation 26,188 0.01Total Convertible Preferred Stocks USD 71,287 0.02PREFERRED STOCKS (0.01%)Number of Value % ofSharesUSD Fund1,260 GMAC Capital Trust I USD 33,503 0.01Total Preferred Stocks USD 33,503 0.01MUNICIPAL BONDS AND NOTES (-%)Principal Coupon Maturity Value % ofAmounts Rate % Dates USD FundUSD5,000 Illinois State G.O. BondsUSD4.07 01/01/2014 5,000 -Total Municipal Bonds and Notes USD 5,000 -SHORT-TERM INVESTMENTS (38.58%)Principal Effective Maturity Value % ofAmounts Yield Dates USD FundUSDUSD10,000,000 U.S. Treasury Bill* 0.12 13/11/2014 9,989,554 2.9710,000,000 U.S. Treasury Bill** 0.04-0.10 18/09/2014 9,993,049 2.9710,000,000 U.S. Treasury Bill*** 0.13 21/08/2014 9,991,745 2.9710,000,000 U.S. Treasury Bill** 0.06-0.09 24/07/2014 9,994,022 2.9710,000,000 U.S. Treasury Bill 0.08 29/05/2014 9,996,711 2.9710,000,000 U.S. Treasury Bill 0.08-0.09 15/05/2014 9,996,836 2.9710,000,000 U.S. Treasury Bill 0.09 08/05/2014 9,996,825 2.9710,000,000 U.S. Treasury Bill 0.08 01/05/2014 9,997,250 2.975,000,000 U.S. Treasury Bill 0.07 17/04/20144,999,006 1.475,000,000 U.S. Treasury Bill 0.06 10/04/2014 4,999,161 1.4710,000,000 U.S. Treasury Bill 0.09 03/04/2014 9,997,636 2.9710,000,000 U.S. Treasury Bill 0.08 06/02/2014 9,999,200 2.97The accompanying notes form an integral part of these financial statements.112 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013SHORT-TERM INVESTMENTS cont.Principal Effective Maturity Value % ofAmounts Yield Dates USD FundUSD10,000,000 U.S. Treasury Bill 0.01 16/01/2014 USD 9,999,946 2.9710,000,000 U.S. Treasury Bill 0.02 02/01/2014 9,999,994 2.97Total Short-Term Investments USD 129,950,935 38.58Total Value of Investments USD 351,938,519 104.48* Security is partly held as collateral by Barclays Capital, Credit Suisse,Deutsche Bank, Goldman Sachs and JPMorgan.** Security is partly held as collateral by Barclays Capital and Merrill Lynch.*** Security is partly held as collateral by Barclays Capital, Credit Suisse,Goldman Sachs and Merrill Lynch.(F) is valued at fair value following procedures approved by theInvestment Advisor. Securities may be classified as Level 2 or Level 3 forFinancial Reporting Standard 29 ("FRS 29"), "Improving Disclosures aboutFinancial Instruments” based on the securities' valuation inputs.The accompanying notes form an integral part of these financial statements.Putnam World Trust 113

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013WRITTEN EQUITY OPTIONS OUTSTANDING (-0.09%)ContractAmountsExpiration date/strike priceValueUSD% ofFundS&P 500 Index (Call) 3,781 Jan-14/USD1830.00 USD (94,223) (0.03)S&P 500 Index (Call) 3,293 Jan-14/1855.00 (14,489) -SPDR S&P 500 ETF Trust (Call) 141,976 Jan-14/190.00 (61,050) (0.02)SPDR S&P 500 ETF Trust (Call) 32,880 Jan-14/189.00 (16,795) -SPDR S&P 500 ETF Trust (Call) 171,636 Jan-14/187.00 (140,750) (0.04)Total Written Equity Options Outstanding USD (327,307) (0.09)CENTRALLY CLEARED CREDIT DEFAULT CONTRACTS OUTSTANDING (0.07%)Referenceddebt*Upfrontpremiumreceived/(paid)USD(2,384,436)The accompanying notes form an integral part of these financial statements.114 Putnam World TrustFixedPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)USDNotionalAmountTerminationDate% ofFundUSD47,683,000 20/12/2018 500 bp USD 1,747,614 0.52NA HY Series 21 IndexNA IG Series 21 Index (15,836) 1,495,000 20/12/2018 100 bp 11,602 -NA IG Series 21 Index (3,791) 350,000 20/12/2018 100 bp 2,632 -NA HY Series 21 Index (505,916) 11,475,000 20/12/2018 500 bp 488,470 0.15NA IG Series 21 Index (19,168) 1,785,000 20/12/2018 100 bp 13,592 -NA HY Series 21 Index (555,985) 13,074,000 20/12/2018 500 bp 576,964 0.17NA IG Series 21 Index (5,678) 535,000 20/12/2018 100 bp 4,141 -NA IG Series 21 Index (38,630) 3,515,000 20/12/2018 100 bp 25,882 0.01NA HY Series 21 Index (640,779) 9,233,000 20/12/2018 500 bp 159,322 0.05Net Unrealised Appreciation on Centrally Cleared Credit Default Contracts Outstanding USD 3,030,219 0.90Variation Margin Settlement to Date USD (2,806,898) (0.83)Cumulative Unrealised less Variation Margin Settlement to Date USD 223,321 0.07*Payments related to the referenced debt are made upon a credit default event.CENTRALLY CLEARED INTEREST RATE SWAP CONTRACTS OUTSTANDING (-0.12%)NotionalAmountUpfrontpremiumreceived/(paid)TerminationDatePayments madeby Fundper annumPayments receivedby Fundper annumUnrealisedAppreciation/(Depreciation)USDUSD 19,770,000 (E) USD (95,952) 19/03/2019 2.00% 3 month USD-LIBOR-BBA USD (66,877) (0.02)16,080,000 (E) (20,297) 19/03/2016 0.75% 3 month USD-LIBOR-BBA (5,608) -780,000 (E) 4,602 19/03/2044 3.75% 3 month USD-LIBOR-BBA (4,214) -103,150,000 (E) (1,683,833) 19/03/2024 3.25% 3 month USD-LIBOR-BBA (1,069,165) (0.32)Net Unrealised Depreciation on Centrally Cleared Interest Rate Swap Contracts Outstanding USD (1,145,864) (0.34)Variation Margin Settlement to Date USD 726,805 0.22Cumulative Unrealised less Variation Margin Settlement to Date USD (419,059) (0.12)(E) See Note 2 to the financial statements regarding extended effective dates.OTC CREDIT DEFAULT CONTRACTS OUTSTANDING (0.01%)SwapCounterparty/Referenced debt*UpfrontPremiumReceived/(paid)**CurrencyNotionalAmountTerminationDateFixed paymentsReceived (paid) byFund per annumUnrealisedAppreciation/(Depreciation)USDBank of America N.A.CMBX NA BBB Index USD 478 USD 7,000 11/05/2063 300 bp USD 367 -CMBX NA BBB Index 1,085 18,000 11/05/2063 300 bp 798 -CMBX NA BBB Index 2,161 35,000 11/05/2063 300 bp 1,604 -CMBX NA BBB Index 2,052 36,000 11/05/2063 300 bp 1,479 -Barclays Bank PLCCMBX NA BBB Index 3,548 32,000 11/05/2063 300 bp 3,038 -EM Series 20 Index (685,150) 7,100,000 20/12/2018 500 bp 43,712 0.01Credit Suisse InternationalCMBX NA BBB Index 978 8,000 11/05/2063 300 bp 850 -CMBX NA BBB Index 155 20,000 11/05/2063 300 bp (163) -CMBX NA BBB Index 2,149 27,000 11/05/2063 300 bp 1,719 -CMBX NA BBB Index 337 29,000 11/05/2063 300 bp (125) -CMBX NA BBB Index 1,004 33,000 11/05/2063 300 bp 479 -CMBX NA BBB Index 581 33,000 11/05/2063 300 bp 56 -CMBX NA BBB Index 3,842 34,000 11/05/2063 300 bp 3,300 -% ofFund% ofFund

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013OTC CREDIT DEFAULT CONTRACTS OUTSTANDING cont.SwapCounterparty/Referenced debt*UpfrontPremiumReceived/(paid)**CurrencyNotionalAmountTerminationDateFixed paymentsReceived (paid) byFund per annumUnrealisedAppreciation/(Depreciation)USDCredit Suisse International cont.CMBX NA BBB Index USD 2,712 USD 34,000 11/05/2063 300 bp USD 2,172 -CMBX NA BBB Index 2,710 35,000 11/05/2063 300 bp 2,153 -CMBX NA BBB Index 2,302 35,000 11/05/2063 300 bp 1,745 -CMBX NA BBB Index 568 37,000 11/05/2063 300 bp (20) -CMBX NA BBB Index 2,768 38,000 11/05/2063 300 bp 2,163 -CMBX NA BBB Index 4,292 56,000 11/05/2063 300 bp 3,400 -CMBX NA BBB Index 2,914 71,000 11/05/2063 300 bp 1,783 -CMBX NA BBB Index 5,115 48,000 11/05/2063 300 bp 4,351 -CMBX NA BBB- Index 1,005 21,000 11/05/2063 300 bp 671 -CMBX NA BBB- Index 1,166 27,000 11/05/2063 300 bp 737 -Deutsche Bank AGEM Series 11 Index (7,480) 340,000 20/06/2014 (500 bp) (11,987) -JPMorgan Chase Bank N.A.EM Series 20 Index (28,950) 300,000 20/12/2018 500 bp 1,847 -Unrealised Appreciation on OTC Credit Default Contracts Outstanding USD 78,424 0.01Unrealised Depreciation on OTC Credit Default Contracts Outstanding USD (12,295) -Net Unrealised Appreciation on OTC Credit Default Contracts Outstanding USD 66,129 0.01* Payments related to the referenced debt are made upon a credit default event.** Upfront premium is based on the difference between the original spread on issue and the market spread on day of execution.For information on the credit risks associated with Credit Default Swaps, please refer to Note 5(f) of the financial statements.TBA SALE COMMITMENTS OUTSTANDING (-0.33%)PrincipalAmountCouponRateMaturityDateValueUSD% ofFundUSD (1,000,000) Federal National Mortgage Association 6.00 01/01/2044 USD (1,110,312) (0.33)Total TBA Sale Commitments Outstanding USD (1,110,312) (0.33)% ofFundOTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (-0.59%)SwapCounterpartyBank of America N.A.NotionalAmountUpfrontpremiumreceived (paid)TerminationDateUSD 143,917 USD - 12/01/2041Fixed PaymentsReceived (paid) byFund per annum4.50% (1 month USD-LIBOR)14,800,000 - 19/07/2023 (2.585%)(3 month USD-LIBOR-BBAbaskets 307,051 - 14/03/2014plus 0.10%)3 month USD-LIBOR-BBAunits 8,016 - 14/03/2014minus 0.07%Barclays Bank PLC4.00% (1 month USD-USD 53,779 - 12/01/2042LIBOR)4.00% (1 month USD-840,736 - 12/01/2041LIBOR)5.00% (1 month USD-1,471 - 12/01/2041LIBOR)2,700,000 - 07/12/2022 (2.7475%)5.00% (1 month USD-4,437 - 12/01/2040LIBOR)4.50% (1 month USD-33,520 - 12/01/2040LIBOR)5.00% (1 month USD-81,908 - 12/01/2041LIBOR)5.00% (1 month USD-42,671 - 12/01/2041LIBOR)5.00% (1 month USD-7,508 - 12/01/2040LIBOR)Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)USD% ofFundSynthetic TRS Index 4.50%30 year Fannie Mae pools USD 1,216 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (170,644) (0.05)A basket (MLTRFCF2) ofcommon stocks 1,564,768 0.46Russell 1000 Total ReturnIndex (1,457,854) (0.43)Synthetic TRS Index 4.00%30 year Fannie Mae pools 163 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 3,069 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 3 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (113,006) (0.03)Synthetic MBX Index 5.00%30 year Fannie Mae pools 8 -Synthetic MBX Index 4.50%30 year Fannie Mae pools (70) -Synthetic MBX Index 5.00%30 year Fannie Mae pools 157 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 82 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 14 -The accompanying notes form an integral part of these financial statements.Putnam World Trust 115

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.SwapCounterpartyBarclays Bank PLC cont.Citibank, N.A.NotionalAmountUpfrontpremiumreceived (paid)TerminationDateUSD 24,232 USD - 12/01/204017,747 - 12/01/204019,812 - 12/01/20383,476 - 12/01/20391,794 - 12/01/20391,794 - 12/01/2039143,917 - 12/01/20413,476 - 12/01/20399,195 - 12/01/20393,476 - 12/01/2039545,707 - 12/01/2041Fixed PaymentsReceived (paid) byFund per annum5.00% (1 month USD-LIBOR)5.00% (1 month USD-LIBOR)(6.50%) 1 month USD-LIBOR(5.50%) 1 month USD-LIBOR(5.50%) 1 month USD-LIBOR(5.50%) 1 month USD-LIBOR4.50% (1 month USD-LIBOR)(5.50%) 1 month USD-LIBOR(5.50%) 1 month USD-LIBOR(5.50%) 1 month USD-LIBOR4.00% (1 month USD-LIBOR)7,400,000 - 08/05/2023 (2.59%)5.00% (1 month USD-2,943 - 12/01/2041LIBOR)5,923 - 20/06/2014 (0.19%)4,869 - 03/06/2014 (0.19%)(5.50%) 1 month USD-7,065 - 12/01/2039LIBOR14,900,000 - 19/07/2023 (2.569%)(5.00%) 1 month USD-76,513 - 12/01/2041LIBOR1,000,000 - 07/08/2023 (2.555%)500,000 - 07/11/2022 (2.73%)5,000,000 - 07/08/2022 2.515%1,500,000 - 07/03/2023 (2.80%)(3 month USD-LIBOR-BBAbaskets 124 - 19/12/2014plus 0.15%)3 month USD-LIBOR-BBAunits 2,714 - 19/12/2014minus 0.10%Credit Suisse International4.50% (1 month USD-USD 318,423 - 12/01/2041LIBOR)1,600,000 - 09/01/2023 (2.76%)6,200,000 - 07/08/2022 (2.515%)1,400,000 - 08/08/2022 (2.5325%)13,500,000 - 31/08/2022 (2.575%)5,000,000 - 08/02/2023 (2.81%)Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)USD% ofFundSynthetic MBX Index 5.00%30 year Fannie Mae pools USD 46 -Synthetic MBX Index 5.00%30 year Fannie Mae pools 34 -Synthetic MBX Index 6.50%30 year Fannie Mae pools (47) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (20) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (10) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (10) -Synthetic TRS Index 4.50%30 year Fannie Mae pools 1,216 -Synthetic MBX Index 5.50%30 year Fannie Mae pools (20) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (53) -Synthetic MBX Index 5.50%30 year Fannie Mae pools (20) -Synthetic TRS Index 4.00%30 year Fannie Mae pools 1,992 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (152,218) (0.05)Synthetic MBX Index 5.00%30 year Ginnie Mae II pools 6 -S&P GSCI 3M Forward ERIndex (6,682) -S&P GSCI 3M Forward ERIndex 5,259 -Synthetic MBX Index 5.50%30 year Fannie Mae pools (41) -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (149,000) (0.04)Synthetic TRS Index 5.00%30 year Fannie Mae pools (822) -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (8,110) -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (19,595) (0.01)USA Non Revised ConsumerPrice Index- Urban (CPI-U) 100,850 0.03USA Non Revised ConsumerPrice Index- Urban (CPI-U) (57,911) (0.02)A basket (CGPUTQL2) ofcommon stocks 363,205 0.11Russell 1000 Total ReturnIndex (332,106) (0.10)Synthetic MBX Index 4.50%30 year Ginnie Mae II pools 77 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (65,336) (0.02)USA Non Revised ConsumerPrice Index- Urban (CPI-U) (125,054) (0.04)USA Non Revised ConsumerPrice Index- Urban (CPI-U) (30,506) (0.01)USA Non Revised ConsumerPrice Index- Urban (CPI-U) (310,041) (0.09)USA Non Revised ConsumerPrice Index- Urban (CPI-U) (196,230) (0.06)The accompanying notes form an integral part of these financial statements.116 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.SwapCounterpartyCredit Suisse International cont.NotionalAmountUpfrontpremiumreceived (paid)TerminationDateUSD 143,917 USD - 12/01/2041603,556 - 12/01/2041Fixed PaymentsReceived (paid) byFund per annum4.50% (1 month USD-LIBOR)4.00% (1 month USD-LIBOR)22,405 - 20/06/2014 (0.19%)6,411 - 03/06/2014 (0.19%)1,000,000 - 07/06/2023 (2.505%)(4.00%) 1 month USD-188,491 - 12/01/2041LIBOR7,400,000 - 19/07/2023 (2.57%)(4.00%) 1 month USD-234,288 - 12/01/2041LIBOR(4.00%) 1 month USD-234,288 - 12/01/2041LIBOR(3 month USD-LIBOR-BBAshares 44,100 - 23/05/2014plus 0.15%)Deutsche Bank AGUSD 600,000 - 07/11/2021 (2.43%)2,900,000 - 06/05/2021 (2.875%)(3 month USD-LIBOR-BBAshares 48,245 - 19/05/2014plus 0.25%)Goldman Sachs InternationalJPMorgan Chase Bank N.A.USD 20,680,000 - 20/07/2020 (2.31%)4.00% (1 month USD-64,116 - 12/01/2041LIBOR)4.00% (1 month USD-133,252 - 12/01/2042LIBOR)4.00% (1 month USD-133,252 - 12/01/2042LIBOR)4.00% (1 month USD-132,570 - 12/01/2041LIBOR)2,400,000 - 05/10/2022 (2.73%)4.00% (1 month USD-185,116 - 12/01/2041LIBOR)4.00% (1 month USD-13,498 - 12/01/2041LIBOR)4.00% (1 month USD-698,792 - 12/01/2040LIBOR)4.00% (1 month USD-221,272 - 12/01/2041LIBOR)3,600,000 - 05/04/2023 (2.7475%)14,800,000 - 19/07/2023 (2.58%)(4.50%) 1 month USD-146,574 - 12/01/2041LIBOR61,995 - 12/01/20414.50% (1 month USD-LIBOR)3,000,000 - 07/08/2022 2.515%(4.00%) 1 month USD-41,458 - 12/01/2041LIBORTotal ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)USD% ofFundSynthetic TRS Index 4.50%30 year Fannie Mae pools USD 1,216 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 2,203 -S&P GSCI 3M Forward ERIndex (25,276) (0.01)S&P GSCI 3M Forward ERIndex 6,925 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (8,840) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (688) -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (74,666) (0.02)Synthetic TRS Index 4.00%30 year Fannie Mae pools (855) -Synthetic TRS Index 4.00%30 year Fannie Mae pools (855) -Vanguard Index Funds -MSCI Emerging Markets ETF 21,675 0.01USA Non Revised ConsumerPrice Index- Urban (CPI-U) (13,506) -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (193,471) (0.06)Vanguard FTSE EmergingMarkets ETF (33,647) (0.01)USA Non Revised ConsumerPrice Index- Urban (CPI-U) (179,916) (0.05)Synthetic TRS Index 4.00%30 year Fannie Mae pools 234 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 403 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 403 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 484 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (84,552) (0.03)Synthetic TRS Index 4.00%30 year Fannie Mae pools 676 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 49 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 2,880 -Synthetic TRS Index 4.00%30 year Fannie Mae pools 808 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) (117,929) (0.04)USA Non Revised ConsumerPrice Index- Urban (CPI-U) (163,540) (0.05)Synthetic TRS Index 4.50%30 year Fannie Mae pools (1,238) -Synthetic TRS Index 4.50%30 year Fannie Mae pools 524 -USA Non Revised ConsumerPrice Index- Urban (CPI-U) 60,510 0.02Synthetic TRS Index 4.00%30 year Fannie Mae pools (151) -The accompanying notes form an integral part of these financial statements.Putnam World Trust 117

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING cont.SwapCounterpartyJPMorgan Chase Bank N.A. cont.NotionalAmountUpfrontpremiumreceived (paid)TerminationDateFixed PaymentsReceived (paid) byFund per annumshares 39,135 USD - 28/03/2014(3 month USD-LIBOR-BBAplus 0.15%)(3 month USD-LIBOR-BBAshares 112,267 - 29/08/2014plus 0.28%)Total ReturnReceived byor (paid) by FundUnrealisedAppreciation/(Depreciation)USD% ofFundiShares MSCI EmergingMarkets Index USD 37,556 0.01Vanguard Index Funds -MSCI Emerging Markets ETF (16,126) -UBS AGshares 41,990.00 - 16/07/2014(3 month USD-LIBOR-BBAplus 0.10%)Vanguard Index Funds -MSCI Emerging Markets ETF (37,072) (0.01)Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding USD 2,178,711 0.64Unrealised Depreciation on OTC Total Return Swap Contracts Outstanding USD (4,147,734) (1.23)Net Unrealised Depreciation on OTC Total Return Swap Contracts Outstanding USD (1,969,023) (0.59)FUTURES CONTRACTS (0.06%)Number ofContractsLong/(Short)UnrealisedAppreciation/(Depreciation)USDCounterparty192 Australian Government Treasury Bond 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated USD 157,048 0.05(169) Canadian Government Bond 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 252,247 0.0769 Euro-Bobl 5 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (125,328) (0.04)59 Euro-Bund 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (185,262) (0.06)(119) Euro-Bund 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 367,934 0.1129 Euro-Buxl 30 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (87,044) (0.03)22 Euro-Schatz 2 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (6,691) -(84) Euro STOXX 50 Index Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (218,695) (0.06)(56) FTSE 100 Index Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (276,044) (0.08)115 Goldman Sachs Index Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 78,344 0.0229 Japanese Government Bond 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (228,687) (0.07)(220) Japanese Government Bond 10 yr Mini Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 172,557 0.05(30) Russell 2000 Index Mini Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (189,628) (0.06)149 S&P 500 Index E-Mini Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 495,127 0.15(69) S&P 500 Index E-Mini Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (229,563) (0.07)(5) S&P Mid Cap 400 Index E-Mini Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (28,885) (0.01)(46) S&P/TSX 60 Index Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (263,220) (0.08)137 SPI 200 Index Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 638,610 0.19322 U.K. Gilt 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (1,232,582) (0.37)13 U.S. Treasury Bond 30 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (26,587) (0.01)29 U.S. Treasury Note 2 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (13,055) -99 U.S. Treasury Note 5 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (150,297) (0.04)73 U.S. Treasury Note 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated (180,217) (0.05)(295) U.S. Treasury Note 10 yr Mar 14 Merrill Lynch, Pierce, Fenner & Smith Incorporated 688,541 0.20Unrealised Appreciation on Futures Contracts USD 2,850,408 0.84Unrealised Depreciation on Futures Contracts USD (3,441,785) (1.03)Net Unrealised Depreciation on Futures Contracts USD (591,377) (0.19)Variation margin settlement to date USD 847,112 0.25Cumulative unrealised less variation margin settlement to date USD 255,735 0.06FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (0.56 %)ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyBank of America, N.A.Brazilian Real Buy 01/03/2014 504,414 534,186 USD (29,772) (0.01)Brazilian Real Buy 01/03/2014 19,865 20,360 (495) -Brazilian Real Sell 01/03/2014 497,079 500,144 3,065 -Chilean Peso Buy 16/01/2014 756,827 784,852 (28,025) (0.01)Chilean Peso Buy 16/01/2014 507,909 529,950 (22,041) (0.01)Chilean Peso Buy 16/01/2014 131,112 134,285 (3,173) -Chilean Peso Sell 16/01/2014 505,205 509,752 4,547 -% ofFund% ofFundThe accompanying notes form an integral part of these financial statements.118 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyBank of America, N.A. cont.Chilean Peso Sell 16/01/2014 749,001 750,903 USD 1,902 -Chilean Peso Sell 16/01/2014 62,109 62,455 346 -Chilean Peso Sell 16/01/2014 33,309 33,529 220 -Euro Sell 19/03/2014 5,348,968 5,419,300 70,332 0.02Singapore Dollar Buy 19/02/2014 507,464 514,032 (6,568) -Singapore Dollar Sell 19/02/2014 481,556 488,921 7,365 -Singapore Dollar Sell 19/02/2014 26,869 27,033 164 -Swiss Franc Sell 19/03/2014 579,718 570,668 (9,050) -Barclays Bank PLCAustralian Dollar Buy 16/01/2014 515,566 550,805 (35,239) (0.02)Australian Dollar Buy 16/01/2014 46,284 46,979 (695) -Australian Dollar Buy 16/01/2014 504,457 512,705 (8,248) -Australian Dollar Sell 16/01/2014 43,385 45,284 1,899 -Australian Dollar Sell 16/01/2014 502,791 521,150 18,359 0.01Australian Dollar Sell 16/01/2014 497,989 501,822 3,833 -Australian Dollar Sell 16/01/2014 500,956 502,135 1,179 -Australian Dollar Sell 16/01/2014 735,204 767,401 32,197 0.01Brazilian Real Buy 01/03/2014 324,960 339,567 (14,607) -Brazilian Real Buy 01/03/2014 504,301 533,959 (29,658) (0.01)Brazilian Real Buy 01/03/2014 758,535 805,107 (46,572) (0.02)Brazilian Real Sell 01/03/2014 488,344 497,214 8,870 -Brazilian Real Sell 01/03/2014 489,254 498,949 9,695 -Brazilian Real Sell 01/03/2014 497,928 501,843 3,915 -Brazilian Real Sell 01/03/2014 45,102 46,292 1,190 -British Pound Buy 19/03/2014 504,187 494,475 9,712 -British Pound Buy 19/03/2014 505,892 500,698 5,194 -British Pound Sell 19/03/2014 503,675 496,596 (7,079) -British Pound Sell 19/03/2014 308,399 310,900 2,501 -British Pound Sell 19/03/2014 317,802 321,000 3,198 -Canadian Dollar Buy 16/01/2014 1,623 1,646 (23) -Canadian Dollar Buy 16/01/2014 505,435 512,001 (6,566) -Canadian Dollar Buy 16/01/2014 511,479 518,726 (7,247) -Canadian Dollar Buy 16/01/2014 510,542 514,027 (3,485) -Canadian Dollar Buy 16/01/2014 113,723 116,586 (2,863) -Canadian Dollar Sell 16/01/2014 325,530 333,726 8,196 -Canadian Dollar Sell 16/01/2014 521,619 529,500 7,881 -Canadian Dollar Sell 16/01/2014 504,644 510,797 6,153 -Canadian Dollar Sell 16/01/2014 182,673 183,151 478 -Canadian Dollar Sell 16/01/2014 505,342 503,252 (2,090) -Canadian Dollar Sell 16/01/2014 499,823 500,119 296 -Euro Buy 19/03/2014 801,640 789,160 12,480 -Euro Buy 19/03/2014 504,028 499,745 4,283 -Euro Buy 19/03/2014 214,701 211,358 3,343 -Euro Sell 19/03/2014 504,406 503,528 (878) -Euro Sell 19/03/2014 10,470,920 10,609,200 138,280 0.05Euro Sell 19/03/2014 5,373,931 5,444,900 70,969 0.02Hong Kong Dollar Sell 19/02/2014 878,510 878,859 349 -Japanese Yen Buy 19/02/2014 511,436 530,592 (19,156) (0.01)Japanese Yen Sell 19/02/2014 1,018,276 1,085,144 66,868 0.02Japanese Yen Sell 19/02/2014 511,476 537,806 26,330 0.01Japanese Yen Sell 19/02/2014 506,336 516,517 10,181 -Mexican Peso Buy 16/01/2014 325,458 321,963 3,495 -Mexican Peso Buy 16/01/2014 504,597 497,329 7,268 -Mexican Peso Sell 16/01/2014 511,617 515,951 4,334 -Polish Zloty Buy 19/03/2014 281,263 273,548 7,715 -Singapore Dollar Buy 19/02/2014 1,021,922 1,035,395 (13,473) -Singapore Dollar Buy 19/02/2014 508,129 512,746 (4,617) -Singapore Dollar Sell 19/02/2014 1,553,095 1,576,795 23,700 0.01% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 119

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyBarclays Bank PLC cont.Singapore Dollar Sell 19/02/2014 75,965 77,124 USD 1,159 -Swedish Krona Sell 19/03/2014 113,981 112,251 (1,730) -Swiss Franc Sell 19/03/2014 594,764 585,392 (9,372) -Turkish Lira Buy 19/03/2014 290,994 302,866 (11,872) -Citibank, N.A.Brazilian Real Buy 01/03/2014 481,357 511,809 (30,452) (0.01)Brazilian Real Buy 01/03/2014 758,946 805,929 (46,983) (0.02)Brazilian Real Buy 01/03/2014 316,199 324,207 (8,008) -Brazilian Real Sell 01/03/2014 488,789 498,019 9,230 -Brazilian Real Sell 01/03/2014 496,168 498,408 2,240 -Brazilian Real Sell 01/03/2014 497,837 498,101 264 -British Pound Sell 19/03/2014 2,049,463 2,070,200 20,737 0.01Canadian Dollar Buy 16/01/2014 679,569 681,368 (1,799) -Canadian Dollar Sell 16/01/2014 440,029 451,865 11,836 -Canadian Dollar Sell 16/01/2014 519,607 527,453 7,846 -Danish Krone Sell 19/03/2014 433,962 427,410 (6,552) -Euro Buy 19/03/2014 506,304 506,499 (195) -Euro Sell 19/03/2014 8,248,099 8,357,700 109,601 0.04Euro Sell 19/03/2014 3,652,861 3,701,400 48,539 0.01Japanese Yen Buy 19/02/2014 5,107 5,264 (157) -Japanese Yen Sell 19/02/2014 5,300 5,650 350 -Japanese Yen Sell 19/02/2014 504,228 513,538 9,310 -New Zealand Dollar Buy 16/01/2014 7,595 7,547 48 -New Zealand Dollar Buy 16/01/2014 490,966 484,237 6,729 -New Zealand Dollar Sell 16/01/2014 498,622 491,907 (6,715) -Swiss Franc Sell 19/03/2014 1,130,744 1,113,003 (17,741) (0.01)Taiwan Dollar Buy 19/02/2014 634,899 643,028 (8,129) -Taiwan Dollar Buy 19/02/2014 317,825 321,520 (3,695) -Taiwan Dollar Buy 19/02/2014 50,119 50,634 (515) -Taiwan Dollar Sell 19/02/2014 987,766 1,003,399 15,633 -Taiwan Dollar Sell 19/02/2014 18,518 18,667 149 -Credit Suisse AGAustralian Dollar Sell 16/01/2014 1,384,613 1,445,112 60,499 0.02British Pound Buy 19/03/2014 506,587 506,557 30 -British Pound Sell 19/03/2014 2,077,743 2,098,500 20,757 0.01Canadian Dollar Buy 16/01/2014 533,695 549,700 (16,005) -Canadian Dollar Buy 16/01/2014 505,822 506,470 (648) -Canadian Dollar Buy 16/01/2014 114,039 117,125 (3,086) -Canadian Dollar Sell 16/01/2014 551,117 566,663 15,546 -Canadian Dollar Sell 16/01/2014 516,830 531,687 14,857 -Canadian Dollar Sell 16/01/2014 499,906 500,190 284 -Euro Buy 19/03/2014 518,855 510,828 8,027 -Euro Buy 19/03/2014 501,971 501,822 149 -Euro Buy 19/03/2014 502,520 502,370 150 -Euro Sell 19/03/2014 505,229 502,010 (3,219) -Euro Sell 19/03/2014 506,792 511,051 4,259 -Euro Sell 19/03/2014 9,805,306 9,934,000 128,694 0.05Euro Sell 19/03/2014 6,724,738 6,813,000 88,262 0.04INR Buy 19/02/2014 300,297 299,946 351 -Japanese Yen Buy 19/02/2014 500,454 515,859 (15,405) -Japanese Yen Buy 19/02/2014 508,267 521,525 (13,258) -Japanese Yen Buy 19/02/2014 327,986 349,681 (21,695) (0.01)Japanese Yen Sell 19/02/2014 511,366 537,683 26,317 0.01Japanese Yen Sell 19/02/2014 250,976 253,756 2,780 -Mexican Peso Buy 16/01/2014 156,712 155,041 1,671 -Mexican Peso Buy 16/01/2014 377,611 371,327 6,284 -Mexican Peso Buy 16/01/2014 217,750 216,851 899 -Mexican Peso Buy 16/01/2014 253,102 254,472 (1,370) -% ofFundThe accompanying notes form an integral part of these financial statements.120 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyCredit Suisse AG cont.Mexican Peso Sell 16/01/2014 762,201 763,474 USD 1,273 -New Zealand Dollar Buy 16/01/2014 516,766 532,385 (15,619) -New Zealand Dollar Buy 16/01/2014 333,505 328,912 4,593 -New Zealand Dollar Sell 16/01/2014 333,785 333,746 (39) -New Zealand Dollar Sell 16/01/2014 498,590 491,759 (6,831) -Norwegian Krone Buy 19/03/2014 506,034 502,938 3,096 -Norwegian Krone Sell 19/03/2014 505,010 496,797 (8,213) -Singapore Dollar Buy 19/02/2014 507,270 513,723 (6,453) -Singapore Dollar Buy 19/02/2014 507,957 512,561 (4,604) -Singapore Dollar Sell 19/02/2014 1,294,464 1,314,458 19,994 0.01South Korean Won Buy 19/02/2014 1,184,153 1,171,682 12,471 -South Korean Won Sell 19/02/2014 375,205 367,780 (7,425) -South Korean Won Sell 19/02/2014 602,116 597,935 (4,181) -Swedish Krona Sell 19/03/2014 499,364 486,722 (12,642) -Swiss Franc Sell 19/03/2014 1,076,621 1,059,608 (17,013) (0.01)Deutsche Bank AGAustralian Dollar Buy 16/01/2014 534,289 570,942 (36,653) (0.02)Australian Dollar Buy 16/01/2014 25,213 26,606 (1,393) -Australian Dollar Buy 16/01/2014 512,636 536,735 (24,099) (0.01)Australian Dollar Sell 16/01/2014 547,273 573,090 25,817 0.01Australian Dollar Sell 16/01/2014 501,467 523,588 22,121 0.01Australian Dollar Sell 16/01/2014 502,393 499,567 (2,826) -British Pound Sell 19/03/2014 2,010,743 2,030,700 19,957 0.01Canadian Dollar Buy 16/01/2014 518,739 533,904 (15,165) -Canadian Dollar Buy 16/01/2014 504,823 510,682 (5,859) -Canadian Dollar Sell 16/01/2014 514,274 526,574 12,300 -Canadian Dollar Sell 16/01/2014 1,623 1,646 23 -Canadian Dollar Sell 16/01/2014 500,269 501,575 1,306 -Canadian Dollar Sell 16/01/2014 504,438 502,950 (1,488) -Euro Buy 19/03/2014 207,665 204,303 3,362 -Euro Buy 19/03/2014 504,515 502,233 2,282 -Euro Sell 19/03/2014 503,831 501,415 (2,416) -Euro Sell 19/03/2014 9,917,135 10,045,900 128,765 0.05Euro Sell 19/03/2014 3,737,966 3,786,500 48,534 0.01Japanese Yen Buy 19/02/2014 507,933 538,196 (30,263) (0.01)Japanese Yen Sell 19/02/2014 291,584 310,851 19,267 0.01Japanese Yen Sell 19/02/2014 211,861 218,369 6,508 -Japanese Yen Sell 19/02/2014 250,876 253,557 2,681 -Polish Zloty Buy 19/03/2014 267,043 259,702 7,341 -Swiss Franc Sell 19/03/2014 1,089,538 1,072,541 (16,997) (0.01)Swiss Franc Sell 19/03/2014 505,086 504,968 (118) -Goldman Sachs InternationalAustralian Dollar Buy 16/01/2014 466,653 487,147 (20,494) (0.01)Australian Dollar Sell 16/01/2014 99,716 105,222 5,506 -British Pound Buy 19/03/2014 507,272 500,977 6,295 -British Pound Sell 19/03/2014 502,951 495,479 (7,472) -British Pound Sell 19/03/2014 415,303 410,218 (5,085) -British Pound Sell 19/03/2014 1,147,700 1,159,300 11,600 -Canadian Dollar Buy 16/01/2014 518,282 533,931 (15,649) -Canadian Dollar Sell 16/01/2014 699,530 718,374 18,844 0.01Canadian Dollar Sell 16/01/2014 505,532 503,631 (1,901) -Chilean Peso Buy 16/01/2014 756,752 784,702 (27,950) (0.01)Chilean Peso Buy 16/01/2014 508,161 530,455 (22,294) (0.01)Chilean Peso Buy 16/01/2014 33,267 33,447 (180) -Chilean Peso Sell 16/01/2014 505,060 509,462 4,402 -Chilean Peso Sell 16/01/2014 748,716 750,333 1,617 -Euro Buy 19/03/2014 508,532 500,774 7,758 -Euro Sell 19/03/2014 2,866,315 2,886,600 20,285 0.01% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 121

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyGoldman Sachs International cont.Euro Sell 19/03/2014 5,303,909 5,374,400 USD 70,491 0.02Euro Sell 19/03/2014 3,418,369 3,463,800 45,431 0.01Euro Sell 19/03/2014 1,103,094 1,110,900 7,806 -Japanese Yen Buy 19/02/2014 18,717 19,292 (575) -Japanese Yen Sell 19/02/2014 19,425 20,709 1,284 -Japanese Yen Sell 19/02/2014 510,079 527,374 17,295 0.01HSBC Bank USA, National AssociationBritish Pound Sell 19/03/2014 993,893 1,005,400 11,507 -British Pound Sell 19/03/2014 2,169,954 2,191,600 21,646 0.01Canadian Dollar Buy 16/01/2014 504,847 510,730 (5,883) -Canadian Dollar Sell 16/01/2014 500,245 501,528 1,283 -Canadian Dollar Sell 16/01/2014 504,436 502,945 (1,491) -Euro Buy 19/03/2014 501,959 501,799 160 -Euro Sell 19/03/2014 503,831 501,415 (2,416) -Euro Sell 19/03/2014 9,916,423 10,045,900 129,477 0.05Euro Sell 19/03/2014 5,123,701 5,190,600 66,899 0.02Taiwan Dollar Buy 19/02/2014 634,470 642,168 (7,698) -Taiwan Dollar Buy 19/02/2014 318,041 321,953 (3,912) -Taiwan Dollar Sell 19/02/2014 856,533 869,744 13,211 -Taiwan Dollar Sell 19/02/2014 98,494 99,408 914 -JPMorgan Chase Bank N.A.Australian Dollar Buy 16/01/2014 692,592 722,948 (30,356) (0.01)Australian Dollar Buy 16/01/2014 539,904 567,720 (27,816) (0.01)Australian Dollar Sell 16/01/2014 547,349 573,153 25,804 0.01Australian Dollar Sell 16/01/2014 510,389 539,022 28,633 0.01Australian Dollar Sell 16/01/2014 499,310 500,182 872 -Australian Dollar Sell 16/01/2014 65,406 68,272 2,866 -Brazilian Real Buy 01/03/2014 312,142 333,132 (20,990) (0.01)Brazilian Real Buy 01/03/2014 482,121 513,336 (31,215) (0.02)Brazilian Real Buy 01/03/2014 376,637 397,271 (20,634) (0.01)Brazilian Real Buy 01/03/2014 3,741 3,753 (12) -Brazilian Real Buy 01/03/2014 381,751 391,985 (10,234) -Brazilian Real Sell 01/03/2014 489,233 498,907 9,674 -Brazilian Real Sell 01/03/2014 503,204 510,445 7,241 -Brazilian Real Sell 01/03/2014 498,747 499,709 962 -British Pound Buy 19/03/2014 504,225 494,386 9,839 -British Pound Buy 19/03/2014 550,095 550,211 (116) -British Pound Sell 19/03/2014 501,964 493,836 (8,128) -British Pound Sell 19/03/2014 4,363,028 4,309,339 (53,689) (0.03)British Pound Sell 19/03/2014 1,405,043 1,419,200 14,157 -Canadian Dollar Buy 16/01/2014 503,692 505,033 (1,341) -Canadian Dollar Buy 16/01/2014 501,138 497,761 3,377 -Canadian Dollar Buy 16/01/2014 114,041 117,128 (3,087) -Canadian Dollar Sell 16/01/2014 510,045 517,739 7,694 -Canadian Dollar Sell 16/01/2014 501,810 500,892 (918) -Canadian Dollar Sell 16/01/2014 501,274 496,056 (5,218) -Euro Buy 19/03/2014 207,810 204,593 3,217 -Euro Buy 19/03/2014 507,103 503,420 3,683 -Euro Buy 19/03/2014 504,384 502,109 2,275 -Euro Buy 19/03/2014 273 271 2 -Euro Sell 19/03/2014 270,920 270,696 (224) -Euro Sell 19/03/2014 504,413 503,543 (870) -Euro Sell 19/03/2014 10,737,836 10,879,600 141,764 0.05Euro Sell 19/03/2014 6,622,863 6,710,300 87,437 0.03Japanese Yen Buy 19/02/2014 1,106,037 1,178,847 (72,810) (0.03)Mexican Peso Buy 16/01/2014 245,411 242,792 2,619 -Mexican Peso Buy 16/01/2014 503,902 495,938 7,964 -Mexican Peso Buy 16/01/2014 253,201 254,678 (1,477) -% ofFundThe accompanying notes form an integral part of these financial statements.122 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyJPMorgan Chase Bank N.A. cont.Mexican Peso Sell 16/01/2014 508,587 509,892 USD 1,305 -Mexican Peso Sell 16/01/2014 217,735 216,821 (914) -New Zealand Dollar Buy 16/01/2014 516,660 532,255 (15,595) -New Zealand Dollar Sell 16/01/2014 333,416 333,091 (325) -New Zealand Dollar Sell 16/01/2014 165,022 162,721 (2,301) -Norwegian Krone Buy 19/03/2014 2,288 2,274 14 -Singapore Dollar Buy 19/02/2014 506,846 512,241 (5,395) -Singapore Dollar Buy 19/02/2014 26,871 27,037 (166) -Singapore Dollar Sell 19/02/2014 1,337,525 1,358,343 20,818 0.01Singapore Dollar Sell 19/02/2014 75,908 77,089 1,181 -South Korean Won Buy 19/02/2014 1,621,118 1,601,900 19,218 0.01South Korean Won Sell 19/02/2014 501,172 493,574 (7,598) -South Korean Won Sell 19/02/2014 375,206 367,780 (7,426) -Swiss Franc Buy 19/03/2014 267,329 267,812 (483) -Swiss Franc Sell 19/03/2014 29,047 28,594 (453) -Swiss Franc Sell 19/03/2014 504,985 504,879 (106) -Swiss Franc Sell 19/03/2014 1,483,613 1,460,477 (23,136) (0.01)Taiwan Dollar Buy 19/02/2014 954,941 963,799 (8,858) -Taiwan Dollar Buy 19/02/2014 635,541 642,824 (7,283) -Taiwan Dollar Buy 19/02/2014 91,219 92,295 (1,076) -Taiwan Dollar Sell 19/02/2014 1,692,291 1,720,099 27,808 0.01Royal Bank of Scotland PLCAustralian Dollar Buy 16/01/2014 544,161 567,846 (23,685) (0.01)Australian Dollar Buy 16/01/2014 542,917 571,871 (28,954) (0.01)Australian Dollar Sell 16/01/2014 547,209 572,962 25,753 0.01Australian Dollar Sell 16/01/2014 517,994 555,036 37,042 0.01Brazilian Real Buy 01/03/2014 481,619 512,332 (30,713) (0.02)Brazilian Real Buy 01/03/2014 376,339 396,717 (20,378) (0.01)Brazilian Real Buy 01/03/2014 378,152 400,343 (22,191) (0.01)Brazilian Real Sell 01/03/2014 488,599 497,639 9,040 -Brazilian Real Sell 01/03/2014 497,227 500,441 3,214 -Brazilian Real Sell 01/03/2014 194,215 199,175 4,960 -British Pound Sell 19/03/2014 419,482 423,700 4,218 -Canadian Dollar Buy 16/01/2014 505,535 512,107 (6,572) -Canadian Dollar Sell 16/01/2014 516,855 531,737 14,882 -Canadian Dollar Sell 16/01/2014 507,596 507,383 (213) -Euro Buy 19/03/2014 512,911 504,857 8,054 -Euro Buy 19/03/2014 498,236 497,242 994 -Japanese Yen Sell 19/02/2014 556,896 593,684 36,788 0.01Japanese Yen Sell 19/02/2014 506,406 511,324 4,918 -Mexican Peso Buy 16/01/2014 333,641 336,660 (3,019) -Mexican Peso Buy 16/01/2014 377,618 371,334 6,284 -Mexican Peso Buy 16/01/2014 304,017 305,767 (1,750) -Mexican Peso Sell 16/01/2014 511,644 515,999 4,355 -Mexican Peso Sell 16/01/2014 138,783 139,809 1,026 -State Street Bank & Trust CompanyAustralian Dollar Buy 16/01/2014 559,595 584,085 (24,490) (0.01)Australian Dollar Sell 16/01/2014 46,283 46,977 694 -Australian Dollar Sell 16/01/2014 65,401 68,263 2,862 -Brazilian Real Buy 01/03/2014 481,793 512,681 (30,888) (0.02)Brazilian Real Buy 01/03/2014 504,278 533,914 (29,636) (0.01)Brazilian Real Buy 01/03/2014 168,859 177,752 (8,893) -Brazilian Real Buy 01/03/2014 377,931 399,901 (21,970) (0.01)Brazilian Real Sell 01/03/2014 488,430 497,301 8,871 -Brazilian Real Sell 01/03/2014 503,312 510,619 7,307 -Brazilian Real Sell 01/03/2014 478,121 490,331 12,210 -British Pound Buy 19/03/2014 504,974 499,360 5,614 -British Pound Sell 19/03/2014 2,789,097 2,817,200 28,103 0.01% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 123

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyState Street Bank & Trust Company cont.Canadian Dollar Buy 16/01/2014 114,022 117,090 USD (3,068) -Canadian Dollar Sell 16/01/2014 501,136 495,781 (5,355) -Euro Buy 19/03/2014 1,411,629 1,389,810 21,819 0.01Euro Buy 19/03/2014 505,634 504,747 887 -Euro Sell 19/03/2014 505,245 506,582 1,337 -Euro Sell 19/03/2014 549,928 550,826 898 -Euro Sell 19/03/2014 11,340,084 11,488,800 148,716 0.05Euro Sell 19/03/2014 5,445,487 5,516,900 71,413 0.02Israeli Shekel Buy 16/01/2014 198 194 4 -Japanese Yen Buy 19/02/2014 195,501 201,510 (6,009) -Japanese Yen Sell 19/02/2014 517,382 551,657 34,275 0.01Mexican Peso Buy 16/01/2014 327,000 323,378 3,622 -Mexican Peso Buy 16/01/2014 377,042 370,189 6,853 -Mexican Peso Sell 16/01/2014 333,575 336,529 2,954 -New Zealand Dollar Buy 16/01/2014 512,910 524,756 (11,846) -New Zealand Dollar Sell 16/01/2014 333,181 332,620 (561) -New Zealand Dollar Sell 16/01/2014 165,022 162,721 (2,301) -Norwegian Krone Buy 19/03/2014 389,724 387,100 2,624 -Polish Zloty Buy 19/03/2014 504,585 490,614 13,971 -Singapore Dollar Buy 19/02/2014 138,159 140,417 (2,258) -Singapore Dollar Buy 19/02/2014 1,021,970 1,035,411 (13,441) -Singapore Dollar Sell 19/02/2014 1,616,116 1,641,662 25,546 0.01South Korean Won Buy 19/02/2014 1,808,541 1,789,578 18,963 0.01South Korean Won Sell 19/02/2014 1,001,831 986,122 (15,709) -Swedish Krona Sell 19/03/2014 113,965 112,204 (1,761) -Swiss Franc Sell 19/03/2014 221 217 (4) -Taiwan Dollar Buy 19/02/2014 134,547 136,790 (2,243) -Taiwan Dollar Buy 19/02/2014 955,560 965,034 (9,474) -Taiwan Dollar Buy 19/02/2014 635,865 643,473 (7,608) -Taiwan Dollar Sell 19/02/2014 1,690,097 1,715,711 25,614 0.01Taiwan Dollar Sell 19/02/2014 42,676 43,187 511 -UBS AGAustralian Dollar Buy 16/01/2014 476,899 497,646 (20,747) (0.01)Australian Dollar Buy 16/01/2014 74,506 78,622 (4,116) -Australian Dollar Sell 16/01/2014 550,068 573,594 23,526 0.01Australian Dollar Sell 16/01/2014 502,824 507,923 5,099 -Australian Dollar Sell 16/01/2014 65,384 68,228 2,844 -British Pound Buy 19/03/2014 484,778 478,827 5,951 -British Pound Buy 19/03/2014 506,908 503,392 3,516 -British Pound Sell 19/03/2014 505,430 495,471 (9,959) -British Pound Sell 19/03/2014 1,745,435 1,763,000 17,565 0.01Canadian Dollar Buy 16/01/2014 518,282 533,931 (15,649) -Canadian Dollar Buy 16/01/2014 513,643 522,583 (8,940) -Canadian Dollar Buy 16/01/2014 262,238 263,232 (994) -Canadian Dollar Buy 16/01/2014 114,023 117,093 (3,070) -Canadian Dollar Sell 16/01/2014 795,745 817,165 21,420 0.01Canadian Dollar Sell 16/01/2014 514,119 526,170 12,051 -Canadian Dollar Sell 16/01/2014 506,127 505,010 (1,117) -Euro Buy 19/03/2014 72,482 71,366 1,116 -Euro Buy 19/03/2014 501,973 501,826 147 -Euro Buy 19/03/2014 498,106 497,118 988 -Euro Sell 19/03/2014 507,088 508,068 980 -Euro Sell 19/03/2014 506,174 502,800 (3,374) -Euro Sell 19/03/2014 10,553,298 10,692,100 138,802 0.05Euro Sell 19/03/2014 5,156,973 5,224,800 67,827 0.02Japanese Yen Sell 19/02/2014 301,259 304,587 3,328 -Mexican Peso Buy 16/01/2014 72,854 72,068 786 -Mexican Peso Buy 16/01/2014 503,435 494,989 8,446 -% ofFundThe accompanying notes form an integral part of these financial statements.124 Putnam World Trust

Putnam Total Return FundSchedule of Investments (unaudited) cont.31 December 2013FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS cont.ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterparty CurrencyUBS AG cont.Mexican Peso Buy 16/01/2014 377,015 370,127 USD 6,888 -Mexican Peso Sell 16/01/2014 762,265 763,602 1,337 -New Zealand Dollar Buy 16/01/2014 513,017 524,888 (11,871) -New Zealand Dollar Sell 16/01/2014 494,248 487,349 (6,899) -Norwegian Krone Buy 19/03/2014 110,445 109,715 730 -Norwegian Krone Sell 19/03/2014 39,951 39,687 (264) -Singapore Dollar Buy 19/02/2014 507,237 513,657 (6,420) -Singapore Dollar Buy 19/02/2014 506,897 512,343 (5,446) -Singapore Dollar Sell 19/02/2014 1,492,674 1,515,703 23,029 0.01Swedish Krona Sell 19/03/2014 546,051 537,862 (8,189) -Swedish Krona Sell 19/03/2014 114,002 112,292 (1,710) -Swiss Franc Sell 19/03/2014 688,292 677,331 (10,961) -Swiss Franc Sell 19/03/2014 1,148,479 1,130,189 (18,290) (0.01)Westpac Banking CorporationAustralian Dollar Buy 16/01/2014 522,171 545,101 (22,930) (0.01)Australian Dollar Buy 16/01/2014 517,720 555,112 (37,392) (0.02)Australian Dollar Sell 16/01/2014 518,985 546,669 27,684 0.01British Pound Sell 19/03/2014 2,057,182 2,077,600 20,418 0.01Canadian Dollar Sell 16/01/2014 501,724 500,815 (909) -Euro Buy 19/03/2014 506,959 503,269 3,690 -Euro Sell 19/03/2014 11,973,193 12,128,700 155,507 0.06Euro Sell 19/03/2014 4,604,793 4,664,600 59,807 0.02Japanese Yen Buy 19/02/2014 511,433 530,586 (19,153) (0.01)Japanese Yen Sell 19/02/2014 507,885 523,490 15,605 -Japanese Yen Sell 19/02/2014 304,445 313,961 9,516 -Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 3,697,394 1.09Unrealised Depreciation on Forward Foreign Exchange Currency Contracts USD (1,797,158) (0.53)Net Unrealised Appreciation on Forward Foreign Exchange Currency Contracts USD 1,900,236 0.56Total Financial Assets at Fair Value through Profit or Loss USD 358,372,104 106.28Total Financial Liabilities at Fair Value through Profit or Loss USD (7,813,865) (2.30)% ofFund% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 91.40(b) Transferable securities other than those admitted to official stock exchange listing or dealt in on another regulated market 5.77(c) OTC financial derivative instruments 1.64(d) Exchange Traded financial derivative instruments 0.07(e) Centrally Cleared financial derivative instruments 0.06(f) Other assets 1.06Total Assets 100.00The accompanying notes form an integral part of these financial statements.Putnam World Trust 125

Putnam U.S. Large Cap Growth FundSchedule of Investments (unaudited)31 December 2013U.S. EQUITIES (89.02%)Number of Value % ofShares USD FundAerospace and Defense (2.59%)260 General Dynamics Corporation USD 24,840 0.041,302 Precision Castparts Corporation 350,616 0.5810,515 United Technologies Corporation 1,196,397 1.971,571,853 2.59Agriculture (0.18%)15,454 S&W Seed Company 107,405 0.18107,405 0.18Airlines (0.98%)13,718 Delta Air Lines Incorporated 376,833 0.624,850 Spirit Airlines Incorporated 220,190 0.36597,023 0.98Automotive (1.31%)7,021 Johnson Controls Incorporated 360,248 0.595,865 TRW Automotive Holdings Corporation 436,415 0.72796,663 1.31Banking (0.64%)8,412 Bancorp Incorporated 150,491 0.2515,081 Bank of America Corporation 234,811 0.39385,302 0.64Beverage (1.71%)5,041 Brown-Forman Corporation Class B 380,747 0.639,596 Coca-Cola Enterprises Incorporated 423,567 0.703,370 Monster Beverage Corporation 228,385 0.381,032,699 1.71Biotechnology (5.50%)6,474 Celgene Corporation 1,093,264 1.806,231 Cubist Pharmaceuticals Incorporated 429,129 0.7121,484 Gilead Sciences Incorporated 1,614,093 2.652,764 Vertex Pharmaceuticals Incorporated 205,338 0.343,341,824 5.50Broadcasting (1.05%)10,069 CBS Corporation Class B 641,496 1.05641,496 1.05Cable Television (1.24%)9,014 Comcast Corporation Class A 468,367 0.773,712 DISH Network Corporation Class A 214,925 0.35548 Time Warner Cable Incorporated 74,232 0.12757,524 1.24Chemicals (2.67%)13,043 Chemtura Corporation 364,161 0.607,186 Dow Chemical Company 318,915 0.528,095 Monsanto Company 943,472 1.551,626,548 2.67Commercial and Consumer Services (3.37%)1,725 FleetCor Technologies Incorporated 202,067 0.33367 MasterCard Incorporated Class A 306,595 0.501,134 Priceline.com Incorporated 1,317,810 2.177,031 RE/MAX Holdings Incorporated Class A 224,851 0.372,051,323 3.37Communications Equipment (0.27%)7,428 Cisco Systems Incorporated 166,684 0.27166,684 0.27Components (0.35%)11,578 Oplink Communications Incorporated 215,351 0.35215,351 0.35Computers (7.06%)4,688 Apple Incorporated 2,629,124 4.3215,894 EMC Corporation 399,734 0.663,697 NetApp Incorporated 152,095 0.253,888 SanDisk Corporation 274,221 0.458,333 SS&C Technologies HoldingsIncorporated 368,569 0.61U.S. EQUITIES cont.Number of Value % ofSharesUSD FundComputers cont.5,581 Western Digital Corporation USD 468,246 0.774,291,989 7.06Conglomerates (0.80%)11,838 Tyco International Limited 485,713 0.80485,713 0.80Construction (0.84%)2,346 Eagle Materials Incorporated 181,604 0.307,211 Fortune Brands Home & SecurityIncorporated 329,543 0.54511,147 0.84Consumer (0.36%)9,817 Tumi Holdings Incorporated 221,275 0.36221,275 0.36Consumer Finance (3.17%)5,460 Discover Financial Services 305,487 0.507,298 Visa Incorporated Class A 1,624,900 2.671,930,387 3.17Consumer Goods (1.18%)6,663 Beam Incorporated 453,284 0.7417,369 Coty Incorporated Class A 264,877 0.44718,161 1.18Consumer Services (0.34%)17,794 Groupon Incorporated 209,257 0.34209,257 0.34Electronics (3.80%)10,699 Fairchild Semiconductor InternationalIncorporated 142,725 0.2317,356 GenMark Diagnostics Incorporated 230,661 0.3812,812 Honeywell International Incorporated 1,170,632 1.928,782 Mentor Graphics Corporation 211,207 0.3525,709 Micron Technology Incorporated 559,171 0.922,314,396 3.80Energy (Oil Field) (2.02%)5,582 Halliburton Company 283,287 0.472,276 Oil States International Incorporated 231,492 0.387,920 Schlumberger Limited 713,671 1.171,228,450 2.02Entertainment (0.35%)3,736 Madison Square Garden CompanyClass A 215,007 0.35215,007 0.35Financial (0.88%)6,825 CME Group Incorporated 535,421 0.88535,421 0.88Food (0.78%)5,653 Mead Johnson Nutrition Company 473,439 0.78473,439 0.78Forest Products and Packaging (0.93%)6,013 International Paper Company 294,817 0.487,958 Sealed Air Corporation 270,890 0.45565,707 0.93Health-Care Services (1.51%)8,298 Catamaran Corporation 393,989 0.655,771 Express Scripts Holding Company 405,297 0.672,234 LifePoint Hospitals Incorporated 118,067 0.19917,353 1.51Household Furniture and Appliances (0.44%)1,709 Whirlpool Corporation 268,005 0.44268,005 0.44Insurance (1.05%)4,948 American International GroupIncorporated 252,595 0.42The accompanying notes form an integral part of these financial statements.126 Putnam World Trust

Putnam U.S. Large Cap Growth FundSchedule of Investments (unaudited) cont.31 December 2013U.S. EQUITIES cont.Number of Value % ofSharesUSD FundInsurance cont.10,555 Hartford Financial Services GroupIncorporated USD 382,408 0.63635,003 1.05Investment Banking/Brokerage (1.51%)6,812 Carlyle Group LP (Partnership shares) 242,643 0.4025,909 Charles Schwab Corporation 673,634 1.11916,277 1.51Lodging/Tourism (2.73%)14,375 Hilton Worldwide Holdings Incorporated 320,275 0.5311,299 Marriott International IncorporatedClass A 557,719 0.926,213 Norwegian Cruise Line Holdings Limited 220,313 0.367,582 Wyndham Worldwide Corporation 558,869 0.921,657,176 2.73Manufacturing (0.44%)6,716 TriMas Corporation 267,700 0.44267,700 0.44Media (0.75%)6,073 Nielsen Holdings NV 278,629 0.462,575 Time Warner Incorporated 179,529 0.29458,158 0.75Medical Technology (3.43%)6,947 Baxter International Incorporated 483,094 0.794,224 PerkinElmer Incorporated 174,113 0.294,960 St. Jude Medical Incorporated 307,222 0.506,209 Thermo Fisher Scientific Incorporated 691,310 1.144,649 Zimmer Holdings Incorporated 433,147 0.712,088,886 3.43Natural Gas Utilities (0.46%)3,420 Energy Transfer Equity LP 279,414 0.46279,414 0.46Oil and Gas (2.39%)3,878 Anadarko Petroleum Corporation 307,525 0.512,099 EOG Resources Incorporated 352,191 0.583,882 Gulfport Energy Corporation 245,109 0.4022,351 Kodiak Oil & Gas Corporation 250,331 0.419,679 QEP Resources Incorporated 296,661 0.491,451,817 2.39Pharmaceuticals (3.77%)4,465 AbbVie Incorporated 235,752 0.395,406 Actavis PLC 908,262 1.494,880 Alkermes PLC 198,372 0.335,487 Allergan Incorporated 609,496 1.006,722 Eli Lilly & Company 342,889 0.562,294,771 3.77Power Producers (0.38%)11,818 Calpine Corporation 230,333 0.38230,333 0.38Railroads (1.39%)1,561 Genesee & Wyoming IncorporatedClass A 149,918 0.254,122 Union Pacific Corporation 692,372 1.14842,290 1.39Restaurants (1.43%)9,823 Bloomin' Brands Incorporated 235,752 0.398,089 Starbucks Corporation 634,016 1.04869,768 1.43Retail (7.37%)2,453 Amazon.com Incorporated 976,981 1.612,337 Bed Bath & Beyond Incorporated 187,638 0.314,254 Costco Wholesale Corporation 506,226 0.838,547 CVS Caremark Corporation 611,623 1.007,267 Dollar General Corporation 438,200 0.72U.S. EQUITIES cont.Number of Value % ofSharesUSD FundRetail cont.6,717 Home Depot Incorporated USD 553,011 0.919,541 KAR Auction Services Incorporated 281,937 0.464,527 NIKE Incorporated Class B 356,094 0.598,947 TJX Cos. Incorporated 570,192 0.944,481,902 7.37Semiconductor (1.81%)16,203 Applied Materials Incorporated 286,469 0.473,324 Lam Research Corporation 180,992 0.308,207 Qualcomm Incorporated 609,288 1.00782 Ultratech Incorporated 22,662 0.041,099,411 1.81Shipping (0.68%)2,294 Kirby Corporation 227,657 0.372,556 Wabtec Corporation 189,809 0.31417,466 0.68Software (2.32%)14,469 Electronic Arts Incorporated 331,774 0.5515,417 Oracle Corporation 590,009 0.978,717 Red Hat Incorporated 488,501 0.801,410,284 2.32Technology Services (8.72%)4,473 Cognizant Technology SolutionsCorporation 451,728 0.742,341 Computer Sciences Corporation 130,838 0.2113,475 eBay Incorporated 739,508 1.2216,543 Facebook Incorporated Class A 904,075 1.492,752 Google Incorporated Class A 3,082,130 5.065,308,279 8.72Telecommunications (0.69%)5,298 American Tower Corporation (R) 422,727 0.69422,727 0.69Tobacco (1.38%)9,636 Philip Morris International Incorporated 839,488 1.38839,488 1.38Total U.S. Equities USD 54,148,552 89.02NON-U.S. EQUITIES (7.86%)Number of Value % ofSharesUSD FundAerospace and Defense (0.49%)3,849 European Aeronautic Defence andSpace Company (France) 295,518 0.49295,518 0.49Cable Television (0.96%)6,555 Liberty Global PLC Class A(United Kingdom) 583,329 0.96583,329 0.96Chemicals (0.21%)3,908 Potash Corporation of SaskatchewanIncorporated (Canada) 128,808 0.21128,808 0.21Commercial and Consumer Services (0.67%)6,455 Ctrip.com International Limited ADR(China) 320,297 0.533,121 Qunar Cayman Islands Limited ADR(China) 82,800 0.14403,097 0.67Computers (0.18%)92,000 Lenovo Group Limited (China) 111,881 0.18111,881 0.18Conglomerates (0.69%)3,053 Siemens AG (Germany) 417,143 0.69417,143 0.69The accompanying notes form an integral part of these financial statements.Putnam World Trust 127

Putnam U.S. Large Cap Growth FundSchedule of Investments (unaudited) cont.31 December 2013NON-U.S. EQUITIES cont.Number of Value % ofSharesUSD FundConsumer Services (0.27%)2 Bigfoot GmbH (Brazil) (F) USD 34,146 0.061,021 Rightmove PLC (United Kingdom) 46,309 0.082 Zalando GmbH (Germany) (F) 77,516 0.13157,971 0.27Electrical Equipment (0.36%)5,020 Allegion PLC (Ireland) 221,834 0.36221,834 0.36Electronics (0.41%)13,311 Hollysys Automation TechnologiesLimited (China) 251,977 0.41251,977 0.41Entertainment (0.21%)21,345 Merlin Entertainments PLC 144A(United Kingdom) 126,328 0.21126,328 0.21Insurance (0.26%)7,222 Prudential PLC (United Kingdom) 160,135 0.26160,135 0.26Leisure (0.19%)4,500 Sega Sammy Holdings Incorporated(Japan) 114,763 0.19114,763 0.19Medical Technology (0.30%)5,024 Grifols SA ADR (Spain) 181,467 0.30181,467 0.30Pharmaceuticals (1.06%)5,297 AstraZeneca PLC ADR (United Kingdom) 314,377 0.526,122 Sanofi ADR (France) 327,894 0.54642,271 1.06Semiconductor (0.41%)12,914 Magnachip Semiconductor Corporation(South Korea) 251,436 0.41251,436 0.41Technology Services (0.62%)1,504 Baidu Incorporated ADR (China) 267,486 0.442,550 Yandex NV Class A (Russia) 110,007 0.18377,493 0.62Textiles (0.57%)4,241 Michael Kors Holdings Limited (Hong Kong) 344,284 0.57344,284 0.57Total Non-U.S. Equities USD 4,769,735 7.86WARRANTS (0.02%)Number of Expiration Strike Value % ofWarrants Date Price USD Fund20,539 CitigroupUSDIncorporated 01/04/2019 106.10 USD 13,350 0.02Total Warrants USD 13,350 0.02Total Value of Investments USD 58,931,637 96.90(F) is valued at fair value following procedures approved by the Investment Advisor.Securities may be classified as Level 2 or Level 3 for Financial Reporting Standard 29("FRS 29"), "Improving Disclosures about Financial Instruments” based on thesecurities' valuation inputs.The accompanying notes form an integral part of these financial statements.128 Putnam World Trust

Putnam U.S. Large Cap Growth FundSchedule of Investments (unaudited) cont.31 December 2013OTC TOTAL RETURN SWAP CONTRACTS OUTSTANDING (0.01%)SwapCounterpartyDeutsche Bank AGNotionalAmountUpfrontpremiumreceived/(paid)TerminationDateFixed payments received(paid) by fund per annumTotal return received by orpaid by fundUnrealisedAppreciation/(Depreciation)USDbaskets 14,824 USD - 20/10/2014(1 month USD-LIBOR-BBAplus 0.82%)A basket (DBVODSTB) ofcommon stocks USD 10,421 0.02(3 month USD-LIBOR-BBA A basket (DBVODSTB) ofbaskets 4,413 - 15/09/2014plus 0.36%)common stocks (6,301) (0.01)Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding USD 10,421 0.02Unrealised Depreciation on OTC Total Return Swap Contracts Outstanding USD (6,301) (0.01)Net Unrealised Appreciation on OTC Total Return Swap Contracts Outstanding USD 4,120 0.01FORWARD FOREIGN EXCHANGE CURRENCY CONTRACTS (1.22%)ContracttypeDeliverydateValueUSDAggregateface valueUSDUnrealisedAppreciation/(Depreciation)USDCounterpartyCurrencyBank of America, N.A.Euro Sell 19/03/2014 3,601,800 3,648,544 USD 46,744 0.08Barclays Bank PLCEuro Sell 19/03/2014 5,033,100 5,098,701 65,601 0.11Citibank, N.A.Euro Sell 19/03/2014 5,033,100 5,099,103 66,003 0.11Credit Suisse AGEuro Sell 19/03/2014 6,559,800 6,644,782 84,982 0.14Deutsche Bank AGEuro Sell 19/03/2014 5,333,100 5,401,458 68,358 0.11Goldman Sachs InternationalEuro Sell 19/03/2014 2,837,800 2,857,742 19,942 0.03Euro Sell 19/03/2014 4,949,400 5,014,317 64,917 0.11JPMorgan Chase Bank, N.A.Euro Sell 19/03/2014 6,533,100 6,618,228 85,128 0.14State Street Bank & Trust CompanyEuro Sell 19/03/2014 6,005,300 6,083,035 77,735 0.13UBS AGEuro Sell 19/03/2014 5,801,100 5,876,409 75,309 0.12Westpac Banking CorporationEuro Sell 19/03/2014 6,762,600 6,849,306 86,706 0.14Unrealised Depreciation on Forward Foreign Exchange Currency Contracts USD 741,425 1.22Total Financial Assets at Fair Value through Profit or Loss USD 59,683,483 98.14Total Financial Liabilities at Fair Value through Profit or Loss USD (6,301) (0.01)% ofAnalysis of Total AssetsTotal Assets(a) Transferable securities admitted to official stock exchange listing 95.83(b) OTC financial derivative instruments 1.22(C) Other assets 2.95Total Assets 100.00% ofFund% ofFundThe accompanying notes form an integral part of these financial statements.Putnam World Trust 129

Profit and Loss Account (unaudited)Putnam Asia Pacific (Ex-Japan) Equity FundOperating IncomeSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDDividend Income $ 70,761 $ 104,535 $ 44,180Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 491,579 437,133 789,152$ 562,340 $ 541,668 $ 833,332Operating ExpensesManagement Fees (Note 10) 23,615 45,059 21,563Custody and Trustee Fees (Note 7) 8,298 15,046 10,946Administrator Fees (Note 7) 12,216 17,819 11,921Auditors’ Fees 12,426 26,264 11,556Professional Fees (Note 10) 1,815 3,276 265Other Expenses 10,377 18,767 7,377Expense Waiver (Note 10) (37,550) (66,783) (35,148)$ 31,197 $ 59,448 $ 28,480Operating Profit $ 531,143 $ 482,220 $ 804,852Finance CostsDistributions to redeemable participating Unitholders - - -Profit for the Financial Period 531,143 482,220 804,852Non-reclaimable withholding tax (7,023) (9,515) (5,207)Adjustment from bid market price to last traded market price (Note 3) 296 (53,747) (38,616)Increase in Net Assets attributable to redeemable participating Unitholders $ 524,416 $ 418,958 $ 761,029There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.130 Putnam World Trust

Profit and Loss Account (unaudited)Putnam Emerging Markets Equity FundOperating IncomeSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDInterest Income $ - $ - $ 216Dividend Income 56,626 105,917 55,170Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 526,633 308,305 727,146$ 583,259 $ 414,222 $ 782,532Operating ExpensesManagement Fees (Note 10) 24,799 48,119 23,152Custody and Trustee Fees (Note 7) 9,232 18,956 12,607Administrator Fees (Note 7) 12,429 25,231 10,181Auditors’ Fees 12,426 26,279 11,556Professional Fees (Note 10) 1,865 3,266 265Other Expenses 11,876 23,392 7,377Expense Waiver (Note 10) (40,333) (82,642) (35,011)$ 32,294 $ 62,601 $ 30,127Operating Profit $ 550,965 $ 351,621 $ 752,405Finance CostsDistributions to redeemable participating Unitholders - - -Profit for the Financial Period 550,965 351,621 752,405Non-reclaimable withholding tax (8,197) (12,604) (7,623)Adjustment from bid market price to last traded market price (Note 3) (38,340) 9,821 (14,368)Increase in Net Assets attributable to redeemable participating Unitholders $ 504,428 $ 348,838 $ 730,414There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.Putnam World Trust 131

Profit and Loss Account (unaudited)Putnam Global Core Equity FundOperating IncomeSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDInterest income $ 108 $ - $ -Dividend Income 48,163 107,271 45,498Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 1,148,131 1,281,935 641,572$ 1,196,402 $ 1,389,206 $ 687,070Operating ExpensesManagement Fees (Note 10) 34,074 57,273 26,885Custody and Trustee Fees (Note 7) 6,915 22,621 8,820Administrator Fees (Note 7) 12,355 22,961 11,659Auditors’ Fees 12,435 26,325 11,558Professional Fees (Note 10) 1,865 3,376 265Other Expenses 10,377 19,647 8,178Expense Waiver (Note 10) (33,584) (76,068) (31,522)$ 44,437 $ 76,135 $ 35,843Operating Profit $ 1,151,965 $ 1,313,071 $ 651,227Finance CostsDistributions to redeemable participating Unitholders - - -Profit for the Financial Period 1,151,965 1,313,071 651,227Non-reclaimable withholding tax (8,069) (17,783) (8,692)Adjustment from bid market price to last traded market price (Note 3) 4,877 (15,680) 7,299Increase in Net Assets attributable to redeemable participating Unitholders $ 1,148,773 $ 1,279,608 $ 649,834There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.132 Putnam World Trust

Profit and Loss Account (unaudited)Putnam Global Fixed Income Alpha Fund S1Operating IncomeSix months ended31 December 2013GBPYear ended30 June 2013GBPSix months ended31 December 2012GBPInterest Income £ 1,845,270 £ 3,626,542 £ 1,738,125Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 121,164 2,203,113 3,105,987£ 1,966,434 £ 5,829,655 £ 4,844,112Operating ExpensesManagement Fees (Note 10) 258,277 509,919 255,234Custody and Trustee Fees (Note 7) 43,308 71,567 43,003Administrator Fees (Note 7) 118,683 221,125 107,962Auditors’ Fees 42,153 79,396 31,849Professional Fees (Note 10) 7,360 23,600 7,360Other Expenses 56,584 77,753 64,584Expense Waiver (Note 10) (9,817) (4,976) (1,561)£ 516,548 £ 978,384 £ 508,431Operating Profit £ 1,449,886 £ 4,851,271 £ 4,335,681Finance CostsDistributions to redeemable participating Unitholders - - -Profit for the Financial Period 1,449,886 4,851,271 4,335,681Non-reclaimable withholding tax - (2,167) (2,167)Increase in Net Assets attributable to redeemable participating Unitholders £ 1,449,886 £ 4,849,104 £ 4,333,514There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.Putnam World Trust 133

Profit and Loss Account (unaudited)Putnam Global Fixed Income Alpha Fund S2Operating IncomeSix months ended31 December 2013GBPYear ended30 June 2013GBPSix months ended31 December 2012GBPInterest Income £ 7,423,288 £ 10,026,570 £ 4,444,921Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 714,454 7,209,001 8,830,714£ 8,137,742 £ 17,235,571 £ 13,275,635Operating ExpensesManagement Fees (Note 10) 330,501 603,217 292,649Performance Fees (Note 10) 467,045 - -Custody and Trustee Fees (Note 7) 60,254 96,362 57,969Administrator Fees (Note 7) 150,859 258,712 120,760Auditors’ Fees 45,595 80,443 31,961Professional Fees (Note 10) 9,568 26,480 9,568Other Expenses 65,783 88,687 73,786Expense Waiver (Note 10) (6,500) (4,517) (2,092)£ 1,123,105 £ 1,149,384 £ 584,601Operating Profit £ 7,014,637 £ 16,086,187 £ 12,691,034Finance CostsDistributions to redeemable participating Unitholders - - -Profit for the Financial Period 7,014,637 16,086,187 12,691,034Non-reclaimable withholding tax (972) (4,458) (3,703)Increase in Net Assets attributable to redeemable participating Unitholders £ 7,013,665 £ 16,081,729 £ 12,687,331There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.134 Putnam World Trust

Profit and Loss Account (unaudited)Putnam Global High Yield Bond FundOperating IncomeSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDInterest Income $ 7,425,095 $ 43,628,467 $ 29,954,180Dividend Income 145,306 1,069,595 619,686Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 18,832,000 50,353,294 60,610,337$ 26,402,401 $ 95,051,356 $ 91,184,203Operating ExpensesManagement Fees (Note 10) 838,697 4,204,948 2,779,347Custody and Trustee Fees (Note 7) 31,959 153,697 94,760Administrator Fees (Note 7) 182,415 685,527 442,737Auditors’ Fees 31,918 73,948 22,350Professional Fees (Note 10) 14,808 72,375 14,808Other Expenses 144,496 292,642 175,703$ 1,244,293 $ 5,483,137 $ 3,529,705Operating Profit $ 25,158,108 $ 89,568,219 $ 87,654,498Finance CostsDistributions to redeemable participating Unitholders (8,051,693) (44,151,674) (29,767,210)Profit for the Financial Period $ 17,106,415 $ 45,416,545 $ 57,887,288Non-reclaimable withholding tax (27,213) (135,505) (59,781)Adjustment from bid market price to last traded market price (Note 3) (920) (4,409) (2,728)Increase in Net Assets attributable to redeemable participating Unitholders $ 17,078,282 $ 45,276,631 $ 57,824,779There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.Putnam World Trust 135

Profit and Loss Account (unaudited)Putnam Total Return FundOperating IncomeSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDInterest Income $ 1,075,369 $ 1,802,394 $ 765,004Dividend Income 1,605,824 3,073,038 1,047,882Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 33,197,455 2,173,786 16,439,546$ 35,878,648 $ 7,049,218 $ 18,252,432Operating ExpensesManagement Fees (Note 10) 2,348,615 3,561,422 1,411,927Custody and Trustee Fees (Note 7) 62,500 136,437 64,233Administrator Fees (Note 7) 262,111 369,193 114,004Auditors’ Fees 61,851 110,919 42,617Professional Fees (Note 10) 15,460 28,600 2,760Other Expenses 112,985 240,506 25,473Expense Waiver (Note 10) (1,180) (84,119) (2,966)$ 2,862,342 $ 4,362,958 $ 1,658,048Operating Profit $ 33,016,306 $ 2,686,260 $ 16,594,384Finance CostsDistributions to redeemable participating Unitholders (1,927,046) - -Profit for the Financial Period $ 31,089,260 $ 2,686,260 $ 16,594,384Non-reclaimable withholding tax (363,599) (667,158) (244,478)Adjustment from bid market price to last traded market price (Note 3) (1,600) 16,965 167,869Increase in Net Assets attributable to redeemable participating Unitholders $ 30,724,061 $ 2,036,067 $ 16,517,775There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.136 Putnam World Trust

Profit and Loss Account (unaudited)Putnam U.S. Large Cap Growth FundOperating IncomeSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDInterest Income $ - $ 278 $ 210Dividend Income 280,018 614,408 321,155Net Realised and Unrealised Gains on Financial Assets and Liabilities at Fair Value through Profit or Loss 13,650,586 8,448,469 4,465,119$ 13,930,604 $ 9,063,155 $ 4,786,484Operating ExpensesManagement Fees (Note 10) 412,330 662,174 313,808Custody and Trustee Fees (Note 7) 6,136 8,817 14,224Administrator Fees (Note 7) 32,723 55,218 21,087Auditors’ Fees 11,526 25,226 10,838Professional Fees (Note 10) 3,680 8,297 2,217Other Expenses 22,424 36,234 14,426$ 488,819 $ 795,966 $ 376,600Operating Profit $ 13,441,785 $ 8,267,189 $ 4,409,884Finance CostsDistributions to redeemable participating Unitholders - - -Profit for the Financial Period $ 13,441,785 $ 8,267,189 $ 4,409,884Non-reclaimable withholding tax (81,413) (153,820) (81,522)Adjustment from bid market price to last traded market price (Note 3) (1) 8,407 (5,303)Increase in Net Assets attributable to redeemable participating Unitholders $ 13,360,371 $ 8,121,776 $ 4,323,059There are no recognised gains or losses arising in the period other than the increase/(decrease) in Net Assets attributable to redeemable participating Unitholders. Inarriving at the results for the financial period, all amounts above relate to continuing operations.The accompanying notes form an integral part of these financial statements.Putnam World Trust 137

Balance Sheet (unaudited)Putnam Asia Pacific (Ex-Japan) Equity FundCurrent Assets31 December 2013USD30 June 2013USD31 December 2012USDFinancial Assets at Fair Value through Profit or Loss $ 4,810,326 $ 4,571,865 $ 4,920,171Cash at Bank (Note 2) 351,820 99,903 87,146Receivable for Expense Reimbursal from Manager (Note 10) 12,440 7,213 10,567Sales of Investments Awaiting Settlement 47,012 143,681 -Dividend Income Receivable 6,989 22,029 7,386Other Debtors - - 82Total Assets $ 5,228,587 $ 4,844,691 $ 5,025,352Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 9,372 130,453 -Financial Liabilities at Fair Value through Profit or Loss 12,393 23,479 4,060Expenses Payable 32,539 40,596 29,257Total Current Liabilities $ 54,304 $ 194,528 $ 33,317Net Assets attributable to redeemable participating Unitholders at bid value $ 5,174,283 $ 4,650,163 $ 4,992,035Adjustments from bid market value to last traded market value $ 10,914 $ 10,618 $ 25,749Net Assets attributable to redeemable participating Unitholders $ 5,185,197 $ 4,660,781 $ 5,017,784Class AUnits in Issue 2,434 2,434 3,096Net Assets 54,785 50,007 67,977Net Asset Value per Unit $ 22.50* $ 20.55 $ 21.96Class BUnits in Issue 859 859 859Net Assets 18,829 17,231 18,465Net Asset Value per Unit $ 21.91 * $ 20.04* $ 21.48*Class CUnits in Issue 100 100 100Net Assets 2,231 2,037 2,178Net Asset Value per Unit $ 22.31 $ 20.37 $ 21.78Class IUnits in Issue 176,922 176,922 176,922Net Assets 4,133,977 3,760,163 4,005,325Net Asset Value per Unit $ 23.37 $ 21.25 $ 22.64Class MUnits in Issue 17,061 17,061 17,061Net Assets 498,862 431,618 468,658Net Asset Value per Unit € 21.25 € 19.44 € 20.81Class TUnits in Issue 14,120 14,120 14,120Net Assets 476,513 399,725 455,181Net Asset Value per Unit £ 20.38 £ 18.61 £ 19.85* Net asset value per unit may not recalculate due to rounding of fractional shares.The accompanying notes form an integral part of these financial statements.138 Putnam World Trust

Balance Sheet (unaudited)Putnam Emerging Markets Equity FundCurrent Assets31 December 2013USD30 June 2013USD31 December 2012USDFinancial Assets at Fair Value through Profit or Loss $ 5,047,853 $ 4,536,976 $ 4,909,037Cash at Bank (Note 2) 123,159 129,609 129,193Receivable for Expense Reimbursal from Manager (Note 10) 16,270 24,296 11,540Sales of Investments Awaiting Settlement 43,528 123,550 -Subscription of Units Awaiting Settlement 217 217 217Dividend Income Receivable 7,533 26,855 16,026Total Assets $ 5,238,560 $ 4,841,503 $ 5,066,013Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 9,197 142,717 -Financial Liabilities at Fair Value through Profit or Loss 6,539 5,070 2,795Expenses Payable 28,295 42,530 23,130Interest Payable for Short Sales 575 - 575Total Current Liabilities $ 44,606 $ 190,317 $ 26,500Net Assets attributable to redeemable participating Unitholders at bid value $ 5,193,954 $ 4,651,186 $ 5,039,513Adjustments from bid market value to last traded market value $ 8,563 $ 46,903 $ 22,714Net Assets attributable to redeemable participating Unitholders $ 5,202,517 $ 4,698,089 $ 5,062,227Class AUnits in Issue 6,315 6,316 8,328Net Assets 115,595 106,038 150,672Net Asset Value per Unit $ 18.30 $ 16.79 $ 18.09Class BUnits in Issue 1,848 1,848 1,848Net Assets 32,926 30,281 32,712Net Asset Value per Unit $ 17.82 $ 16.39 $ 17.70Class CUnits in Issue 100 100 100Net Assets 1,813 1,664 1,794Net Asset Value per Unit $ 18.13 $ 16.64 $ 17.94Class IUnits in Issue 214,935 214,935 212,147Net Assets 4,138,805 3,778,650 4,000,171Net Asset Value per Unit $ 19.26 $ 17.58 $ 18.86Class MUnits in Issue 18,146 18,146 18,146Net Assets 426,107 371,005 405,991Net Asset Value per Unit € 17.07 € 15.71 € 16.95Class TUnits in Issue 17,430 17,430 17,430Net Assets 487,271 410,451 470,887Net Asset Value per Unit £ 16.88 £ 15.48 £ 16.63The accompanying notes form an integral part of these financial statements.Putnam World Trust 139

Balance Sheet (unaudited)Putnam Global Core Equity FundCurrent Assets31 December 2013USD30 June 2013USD31 December 2012USDFinancial Assets at Fair Value through Profit or Loss $ 7,368,586 $ 6,286,213 $ 5,613,098Cash at Bank (Note 2) 100,601 213,338 101,342Receivable for Expense Reimbursal from Manager (Note 10) 13,352 24,387 32,016Sales of Investments Awaiting Settlement - 74,458 -Dividend Income Receivable 16,506 9,265 7,944Total Assets $ 7,499,045 $ 6,607,661 $ 5,754,400Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 11,875 211,911 23,442Financial Liabilities at Fair Value through Profit or Loss 39,331 72,929 22,578Expenses Payable 32,031 43,955 46,369Other Payables - - 209Total Current Liabilities $ 83,237 $ 328,795 $ 92,598Net Assets attributable to redeemable participating Unitholders at bid value $ 7,415,808 $ 6,278,866 $ 5,661,802Adjustments from bid market value to last traded market value $ 5,040 $ 163 $ 23,142Net Assets attributable to redeemable participating Unitholders $ 7,420,848 $ 6,279,029 $ 5,684,944Class AUnits in Issue 11,150 11,538 15,153Net Assets 214,047 189,954 223,706Net Asset Value per Unit $ 19.20 $ 16.46 $ 14.76Class BUnits in Issue 13,165 13,165 14,992Net Assets 246,267 211,749 216,765Net Asset Value per Unit $ 18.71 $ 16.08 $ 14.46Class CUnits in Issue 100 100 100Net Assets 1,896 1,628 1,461Net Asset Value per Unit $ 18.96 $ 16.28 $ 14.61Class IUnits in Issue 283,083 283,083 279,785Net Assets 5,637,113 4,817,740 4,254,962Net Asset Value per Unit $ 19.91 $ 17.02 $ 15.21Class MUnits in Issue 26,123 26,123 26,123Net Assets 633,779 515,610 469,830Net Asset Value per Unit € 17.64 € 15.16 € 13.63Class TUnits in Issue 23,806 23,806 23,806Net Assets 687,746 542,348 518,220Net Asset Value per Unit £ 17.45 £ 14.98 £ 13.40The accompanying notes form an integral part of these financial statements.140 Putnam World Trust

Balance Sheet (unaudited)Putnam Global Fixed Income Alpha Fund S1Current Assets31 December 2013GBP30 June 2013GBP31 December 2012GBPFinancial Assets at Fair Value through Profit or Loss £ 305,195,701 £ 791,432,930 £ 272,300,634Cash at Bank (Note 2) 2,190,315 - 244,178Broker Cash Held as Collateral for Financial Derivative Instruments 664,268 937,590 -Receivable for Expense Reimbursal from Manager (Note 10) - - 1,642Sales of Investments Awaiting Settlement 46,933,598 531,207,539 20,894,656Subscription of Units Awaiting Settlement 38 - -Premium Paid on Swap Contracts 113,883 475,035 250,956Interest Income Receivable 397,964 1,526,492 304,439Other Debtors - - 47,450Total Assets £ 355,495,767 £ 1,325,579,586 £ 294,043,955Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 61,151,001 556,267,296 35,388,079Financial Liabilities at Fair Value through Profit or Loss 36,118,174 510,212,137 3,011,404Broker Cash due to Counterparties for Financial Derivative Instruments 664,268 937,590 -Premium Received on Swap Contracts 80,463 314,471 275,447Redemption of Units Awaiting Settlement 64 - 3,511Expenses Payable 267,701 272,867 280,374Due to Broker for Margin 1,371 10,485 3,683Bank Overdraft (Note 2) - 710,800 -Interest Payable for Short Sales 44,966 1,196,815 -Other Payables - 3,532 -Total Current Liabilities £ 98,328,008 £ 1,069,925,993 £ 38,962,498Net Assets attributable to redeemable participating Unitholders £ 257,167,759 £ 255,653,593 £ 255,081,457Class SUnits in Issue 25,308,285 25,301,929 25,296,357Net Assets 257,167,759 255,653,593 255,081,457Net Asset Value per Unit £ 10.16 £ 10.10 £ 10.08The accompanying notes form an integral part of these financial statements.Putnam World Trust 141

Balance Sheet (unaudited)Putnam Global Fixed Income Alpha Fund S231 December 2013GBP30 June 2013GBP31 December 2012GBPCurrent AssetsFinancial Assets at Fair Value through Profit or Loss £ 562,643,362 £ 1,234,869,659 £ 703,086,019Cash at Bank (Note 2) 2,777,028 - 3,435,199Broker Cash Held as Collateral for Financial Derivative Instruments 301,940 3,823,707 -Sales of Investments Awaiting Settlement 295,652,077 877,925,614 428,427,884Subscription of Units Awaiting Settlement 23,129 - -Premium Paid on Swap Contracts 277,161 2,277,118 1,932,583Interest Income Receivable 1,800,864 3,548,945 1,359,299Other Debtors - - 131,989Total Assets £ 863,475,561 £ 2,122,445,043 £ 1,138,372,973Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 287,776,661 958,198,063 474,059,017Financial Liabilities at Fair Value through Profit or Loss 242,265,366 830,882,200 366,382,192Broker Cash due to Counterparties for Financial Derivative Instruments 301,940 3,823,707 -Premium Received on Swap Contracts 233,179 1,785,078 1,543,103Redemption of Units Awaiting Settlement 46,242 - 162,480Expenses Payable 803,906 335,914 774,166Due to Broker for Margin 12,254 8,127 186,385Bank Overdraft (Note 2) - 534,328 -Interest Payable 382,550 2,271,833 -Other Payables - 5,793 -Total Current Liabilities £ 531,822,098 £ 1,797,845,043 £ 843,107,343Net Assets attributable to redeemable participating Unitholders £ 331,653,463 £ 324,600,000 £ 295,265,630Class SUnits in Issue 46,702,750 46,697,028 43,002,013Net Assets 331,653,463 324,600,000 295,265,630Net Asset Value per Unit £ 7.10 £ 6.95 £ 6.87The accompanying notes form an integral part of these financial statements.142 Putnam World Trust

Balance Sheet (unaudited)Putnam Global High Yield Bond FundCurrent Assets31 December 2013USD30 June 2013USD31 December 2012USDFinancial Assets at Fair Value through Profit or Loss $ 212,618,191 $ 271,094,507 $ 505,508,112Cash at Bank (Note 2) - 210,938 77,278Broker Cash Held as Collateral for Financial Derivative Instruments - 410,000 -Sales of Investments Awaiting Settlement 966,183 69,834 1,101,685Subscription of Units Awaiting Settlement 2,097,324 25,311 206,849Dividend Income Receivable - - 25,886Interest Income Receivable 3,665,824 4,780,837 9,644,512Other Debtors - - 38,711Total Assets $ 219,347,522 $ 276,591,427 $ $516,603,033Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 871,143 5,122,319 297,197Financial Liabilities at Fair Value through Profit or Loss 1,506,142 1,324,493 1,622,788Broker Cash due to Counterparties for Financial Derivative Instruments - 410,000 -Premium Received on Swap Contracts 109,375 109,375 218,750Redemption of Units Awaiting Settlement 659 550,854 4,018Distributions Payable - - -Expenses Payable 558,940 652,654 1,072,704Bank Overdraft (Note2) 1,419,593 - -Total Current Liabilities $ 4,465,852 $ 8,169,695 $ 3,215,457Net Assets attributable to redeemable participating Unitholders at bid value $ 214,881,670 $ 268,421,732 $ 513,387,576Adjustments from bid market value to last traded market value $ 4,885 $ 5,805 $ 7,486Net Assets attributable to redeemable participating Unitholders $ 214,886,555 $ 268,427,537 $ 513,395,062Class AUnits in Issue 2,505,416 2,433,825 2,165,753Net Assets 17,405,655 16,512,461 14,989,468Net Asset Value per Unit $ 6.95 $ 6.78 $ 6.92Class BUnits in Issue 538,057 522,153 493,364Net Assets 3,713,980 3,517,237 3,387,703Net Asset Value per Unit $ 6.90 $ 6.74 $ 6.87Class CUnits in Issue 831,906 881,405 836,111Net Assets 7,313,303 7,561,577 7,311,807Net Asset Value per Unit $ 8.79 $ 8.58 $ 8.75Class EUnits in Issue 790,348 653,127 560,151Net Assets 8,513,747 6,527,065 5,820,460Net Asset Value per Unit € 7.83 € 7.67 € 7.87Class IUnits in Issue 1,575,749 38,304,877 98,511,191Net Assets 4,200,234 99,679,281 261,448,711Net Asset Value per Unit $ 2.67 $ 2.60 $ 2.65Class SUnits in Issue 20,736,890 17,936,360 26,957,242Net Assets 173,739,636 134,629,916 220,436,913Net Asset Value per Unit £ 5.06 £ 4.94 £ 5.04The accompanying notes form an integral part of these financial statements.Putnam World Trust 143

Balance Sheet (unaudited)Putnam Total Return Fund31 December 2013USD30 June 2013USD31 December 2012USDCurrent AssetsFinancial Assets at Fair Value through Profit or Loss $ 358,372,104 $ 398,149,336 $ 281,628,355Cash at Bank (Note 2) 804,203 - -Broker Cash Held as Collateral for Financial Derivative Instruments - 8,740,000 -Sales of Investments Awaiting Settlement 1,219,465 15,879,744 34,265,860Subscription of Units Awaiting Settlement 317,269 761,775 1,911,217Premium Paid for Swap Contracts 721,580 5,852,631 2,536,385Receivable for Expense Reimbursal from Manager (Note 10) 31 81,153 -Dividend Income Receivable 239,092 223,621 149,718Interest Income Receivable 522,771 883,408 640,832Total Assets $ 362,196,515 $ 430,571,668 $ 321,132,367Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 15,377,117 29,053,819 43,700,652Financial Liabilities at Fair Value through Profit or Loss 7,813,865 25,149,926 2,514,406Broker Cash due to Counterparties for Financial Derivative Instruments - 8,740,000 -Premium Received on Swap Contracts 43,922 1,071,782 897,298Redemption of Units Awaiting Settlement 1,044,848 91,574 686,365Due to Broker for Margin 169,250 612,050 330,432Expenses Payable 956,914 1,057,705 645,870Interest Payable 2,000 28,029 -Bank Overdraft (Note 2) - 742,841 199,654Other Payables - - 6,535Total Current Liabilities $ 25,407,916 $ 66,547,726 $ 48,981,212Net Assets attributable to redeemable participating Unitholders at bid value $ 336,788,599 $ 364,023,942 $ 272,151,155Adjustments from bid market value to last traded market value $ 25,818 $ 27,418 $ 178,083Net Assets attributable to redeemable participating Unitholders $ 336,814,417 $ 364,051,360 $ 272,329,238Class AUnits in Issue 8,273,352 11,543,960 6,986,771Net Assets 112,981,209 148,167,508 91,964,078Net Asset Value per Unit $ 13.66 $ 12.84 $ 13.16Class BUnits in Issue 42,161 91,427 95,637Net Assets 506,709 1,035,200 1,113,237Net Asset Value per Unit $ 12.02 $ 11.32 $ 11.64Class CUnits in Issue 3,099,536 3,882,754 2,672,699Net Assets 37,860,221 44,626,191 31,539,885Net Asset Value per Unit $ 12.21 $ 11.49 $ 11.80Class E*Units in Issue 7,094,874 6,966,294 6,957,581Net Assets 105,172,779 93,235,894 96,683,239Net Asset Value per Unit € 10.78 € 10.28 € 10.53Class I**Units in Issue 177,747 201,422 138Net Assets 1,869,624 1,984,216 1,384Net Asset Value per Unit $ 10.52 $ 9.85 $ 10.06+Class MUnits in Issue 4,244,409 4,849,513 3,939,920Net Assets 58,400,156 59,430,529 50,291,046Net Asset Value per Unit € 10.00 € 9.41 € 9.67Class SUnits in Issue 3,443,476 3,086,083 133,877Net Assets 20,023,719 15,571,822 736,369Net Asset Value per Unit £ 3.51 £ 3.32 £ 3..39+ Net asset value per unit may not recalculate due to rounding of fractional shares.* Class E Units launched on 2 July 2012.** Class I Units launched on 28 December 2012.The accompanying notes form an integral part of these financial statements.144 Putnam World Trust

Balance Sheet (unaudited)Putnam U.S. Large Cap Growth FundCurrent Assets31 December 2013USD30 June 2013USD31 December 2012USDFinancial Assets at Fair Value through Profit or Loss $ 59,683,483 $ 47,051,834 $ 43,205,549Cash at Bank (Note 2) 1,371,580 632,009 629,417Broker Cash Held as Collateral for Financial Derivative Instruments - 110,000 -Sales of Investments Awaiting Settlement 394,536 355,413 393,494Subscription of Units Awaiting Settlement - - 1,813Dividend Income Receivable 42,835 29,251 17,832Other Debtors 4,289 7,621 28,355Total Assets $ 61,496,723 $ 48,186,128 $ 44,276,460Creditors(amounts falling due within one year)Purchase of Investments Awaiting Settlement 367,400 399,432 431,065Financial Liabilities at Fair Value through Profit or Loss 6,301 197,880 6,761Broker Cash due to Counterparties for Financial Derivative Instruments - 110,000 -Redemption of Units Awaiting Settlement 102,209 76,818 -Expenses Payable 177,261 168,453 163,094Total Current Liabilities $ 653,171 $ 952,583 $ 600,920Net Assets attributable to redeemable participating Unitholders at bid value $ 60,843,552 $ 47,233,545 $ 43,675,540Adjustments from bid market value to last traded market value $ 16,842 $ 16,843 $ 3,133Net Assets attributable to redeemable participating Unitholders $ 60,860,394 $ 47,250,388 $ 43,678,673Class AUnits in Issue 100 100 100Net Assets 1,291 1,064 960Net Asset Value per Unit $ 12.91 $ 10.64 $ 9.60Class MUnits in Issue 3,481,556 3,457,465 3,474,464Net Assets 60,859,103 47,249,324 43,677,713Net Asset Value per Unit € 12.71 € 10.50 € 9.52The accompanying notes form an integral part of these financial statements.Putnam World Trust 145

Statement of Changes in Net Assets Attributable to RedeemableParticipating Unitholders (unaudited)Putnam Asia Pacific (Ex-Japan) Equity FundSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDNet Assets attributable to redeemable participating Unitholders at beginning of period $ 4,660,781 $ 4,256,755 $ 4,256,755Increase in Net Assets attributable to redeemable participating Unitholders from operations 524,416 418,958 761,029Net (Decrease) in Net Assets resulting from Unit Transactions - (14,932) -Increase in Net Assets 524,416 404,026 761,029Net Assets attributable to redeemable participating Unitholders at end of period $ 5,185,197 $ 4,660,781 $ 5,017,784Putnam Emerging Markets Equity FundSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDNet Assets attributable to redeemable participating Unitholders at beginning of period $ 4,698,089 $ 4,331,813 $ 4,331,813Increase in Net Assets attributable to redeemable participating Unitholders from operations 504,428 348,838 730,414Increase in Net Assets resulting from Unit Transactions - 17,438 -Increase in Net Assets 504,428 366,276 730,414Net Assets attributable to redeemable participating Unitholders at end of period $ 5,202,517 $ 4,698,089 $ 5,062,227Putnam Global Core Equity FundSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDNet Assets attributable to redeemable participating Unitholders at beginning of period $ 6,279,029 $ 5,044,710 $ 5,044,710Increase in Net Assets attributable to redeemable participating Unitholders from operations 1,148,773 1,279,608 649,834Net (Decrease) in Net Assets resulting from Unit Transactions (6,954) (45,289) (9,600)Increase in Net Assets 1,141,819 1,234,319 640,234Net Assets attributable to redeemable participating Unitholders at end of period $ 7,420,848 $ 6,279,029 $ 5,684,944The accompanying notes form an integral part of these financial statements.146 Putnam World Trust

Statement of Changes in Net Assets Attributable to RedeemableParticipating Unitholders (unaudited)Putnam Global Fixed Income Alpha Fund S1Six months ended31 December 2013GBPYear ended30 June 2013GBPSix months ended31 December 2012GBPNet Assets attributable to redeemable participating Unitholders at beginning of period £ 255,653,593 £ 250,688,439 £ 250,688,439Increase in Net Assets attributable to redeemable participating Unitholders from operations 1,449,886 4,849,104 4,333,514Net Increase in Net Assets resulting from Unit Transactions 64,280 116,050 59,504Increase in Net Assets 1,514,166 4,965,154 4,393,018Net Assets attributable to redeemable participating Unitholders at end of period £ 257,167,759 £ 255,653,593 £ 255,081,457Putnam Global Fixed Income Alpha Fund S2Six months ended31 December 2013GBPYear ended30 June 2013GBPSix months ended31 December 2012GBPNet Assets attributable to redeemable participating Unitholders at beginning of period £ 324,600,000 £ 282,688,875 £ 282,688,875Increase in Net Assets attributable to redeemable participating Unitholders from operations 7,013,665 16,081,729 12,687,331Net Increase/(Decrease) in Net Assets resulting from Unit Transactions 39,798 25,829,396 (110,576)Increase in Net Assets 7,053,463 41,911,125 12,210,770Net Assets attributable to redeemable participating Unitholders at end of period £ 331,653,463 £ 324,600,000 £ 295,265,630Putnam Global High Yield Bond FundSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDNet Assets attributable to redeemable participating Unitholders at beginning of period $ 268,427,537 $ 824,762,405 $ 824,762,405Increase in Net Assets attributable to redeemable participating Unitholders from operations 17,078,282 45,276,631 57,824,779Net (Decrease) in Net Assets resulting from Unit Transactions (70,619,264) (601,611,499) (369,192,122)(Decrease) in Net Assets (53,540,982) (556,334,868) (311,367,343)Net Assets attributable to redeemable participating Unitholders at end of period $ 214,886,555 $ 268,427,537 $ 513,395,062The accompanying notes form an integral part of these financial statements.Putnam World Trust 147

Statement of Changes in Net Assets Attributable to RedeemableParticipating Unitholders (unaudited)Putnam Total Return FundSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDNet Assets attributable to redeemable participating Unitholders at beginning of period $ 364,051,360 $ 123,790,345 $ 123,790,345Increase in Net Assets attributable to redeemable participating Unitholders from operations 30,724,061 2,036,067 16,517,775Net (Decrease)/Increase in Net Assets resulting from Unit Transactions (57,961,004) 238,224,948 132,021,118(Decrease)/Increase in Net Assets (27,236,943) 240,261,015 148,538,893Net Assets attributable to redeemable participating Unitholders at end of period $ 336,814,417 $ 364,051,360 $ 272,329,238Putnam U.S. Large Cap Growth FundSix months ended31 December 2013USDYear ended30 June 2013USDSix months ended31 December 2012USDNet Assets attributable to redeemable participating Unitholders at beginning of period $ 47,250,388 $ 39,030,087 $ 39,030,087Increase in Net Assets attributable to redeemable participating Unitholders from operations 13,360,371 8,121,776 4,323,059Net Increase in Net Assets resulting from Unit Transactions 249,635 98,525 325,527Increase in Net Assets 13,610,006 8,220,301 4,648,586Net Assets attributable to redeemable participating Unitholders at end of period $ 60,860,394 $ 47,250,388 $ 43,678,673The accompanying notes form an integral part of these financial statements.148 Putnam World Trust

Notes to the Financial Statements as at 31 December 20131. Basis of Presentationi) Basis of accountingThe accounting policies are consistent with those of the annual financial statements for the year ended 30 June 2013, as described in thosefinancial statements.These condensed interim financial statements have been prepared in accordance with accounting standards generally accepted in Irelandand in accordance with the European Communities (Undertakings for Collective Investment in Transferable Securities) Regulations 2011, asamended. Accounting standards generally accepted in Ireland in preparing financial statements giving a true and fair view are those issuedby the Financial Reporting Council and published by the Institute of Chartered Accountants in Ireland.The Trust has availed of the exemption available to open-ended investment funds under Financial Reporting Standard No. 1 (Revised) “CashFlow Statement” not to prepare a cash flow statement.ii) Critical accounting estimates and assumptionsManagement makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equalthe related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carryingamounts of assets and liabilities within the next financial period are outlined below.Fair value of financial instrumentsThe Trust may, from time to time, hold financial instruments that are not quoted in active markets, such as over-the-counter (“OTC”)derivatives. The fair value of such instruments is determined using valuation techniques. Where valuation techniques are used to determinefair value they are validated and periodically reviewed by experienced personnel at Putnam Investments (Ireland) Limited (the “Manager”) orits affiliates, independent of the party that created them. The prices used at the period end which have been sourced from a single brokersource are the best estimates of fair value as at the period end date. However, there is a degree of uncertainty in respect of these prices. Itmay not always be possible to close out the positions at the stated mark with the given counterparty. The Directors believe that the valuesarrived at are reasonable and prudent, however actual results may differ from these estimates and the differences could be material.All the Trust’s financial assets and financial liabilities are held for the purpose of being traded.2. Accounting PoliciesSignificant accounting policies adopted by the Trust are as follows:A) Investmentsi) Valuation of InvestmentsInvestments are reported at fair value. The fair value of financial instruments traded in active markets (such as publicly traded derivativesand trading securities) is based on bid prices for long positions and offer prices for short positions at the Balance Sheet date. Where anyof the investments are not listed on Recognised Stock Exchanges such securities shall be valued at their probable realisation value asdetermined by the Manager or its delegate, each of them being approved by the Trustee as a competent person for such purpose.Securities valued following procedures approved by the Investment Advisor are indicated by “F” in each Fund's Schedule of Investments.The total fair value of securities valued following procedures approved by the Investment Advisor for each Fund is listed below.Fund Number of Positions Fair Value % of FundPutnam Asia Pacific (Ex-Japan) Equity Fund USD — — —Putnam Emerging Markets Equity Fund USD — — —Putnam Global Core Equity Fund USD — — —Putnam Global Fixed Income Alpha Fund S1 GBP 11 6,282,740 2.43%Putnam Global Fixed Income Alpha Fund S2 GBP 13 11,392,833 3.42%Putnam Global High Yield Bond Fund USD 5 770,051 0.36%Putnam Total Return Fund USD 14 1,861,561 0.54%Putnam U.S. Large Cap Growth Fund USD 2 111,662 0.19%ClassificationThe Trust classifies its investments in debt and equity securities, and related derivatives, as financial assets or financial liabilities at fairvalue through profit or loss. These financial assets and financial liabilities are classified as held for trading or designated by the Trust’sManager at fair value through profit or loss at inception.Financial assets and financial liabilities designated at fair value through profit or loss at inception are those that are managed and theirperformance evaluated on a fair value basis in accordance with the Trust’s documented investment strategy. The Trust’s policy is for theInvestment Advisor to evaluate the information about these financial assets on a fair value basis together with other related financialinformation.Fair value estimationThe fair value of financial instruments traded in active markets is based upon market prices at the Balance Sheet date. When the Trustholds derivatives with offsetting market risks, it uses mid-market prices as a basis for establishing fair values for the offsetting riskpositions and applies this mid-price to the net open position, as appropriate.Putnam World Trust 149

Notes to the Financial Statements as at 31 December 20132. Accounting Policies cont.A) Investments cont.Fair value estimation cont.The fair value of financial instruments that are not traded in an active market is determined using valuation techniques. The Trust uses avariety of methods and makes assumptions that are based on market conditions existing at each Balance Sheet date. Valuationtechniques used include the use of comparable recent arm’s length transactions, discounted cash flow analysis, option pricing modelsand other valuation techniques commonly used by market participants.Certain securities may be valued on the basis of a price provided by a single broker. Single broker priced securities are highlighted in theSchedule of Investments by the † symbol. Some Funds may invest in securities with contractual cash flows, such as asset-backedsecurities, collateralised mortgage obligations and commercial mortgage backed securities, including securities backed by sub-primemortgage loans. The value, liquidity and related income of these securities are sensitive to changes in economic conditions, including realestate values, delinquencies and/or defaults, and may be adversely affected by shifts in the market’s perception of the issuers andchanges in interest rates.Rights and WarrantsRights contracts are options to purchase additional securities from the issuer at a specified price during a specified period. Rights andwarrants are sometimes used to gain exposure to emerging market equities where custody, liquidity, or other issues make ownership oflocal shares sub-optimal.The valuation of the rights and warrants depends on the level of trading. If the rights and warrants are actively traded in the market thenthe market price is used. If the rights and warrants are not actively traded in the market then either the intrinsic value of the right/warrantbased on underlying equity price and right/warrant strike price or modified Black-Scholes derived value, adjusted for liquidity or otherrisks deemed appropriate are used. Premiums paid on rights which expired or were unexercised are recognised on the expiry date asrealised gains or losses in the Profit and Loss Account. If a right is exercised, the premium paid is included with the cost of the transactionto determine whether the Fund has realised a gain or loss on the related investment transaction.FuturesFutures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The Funds and thebroker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or paymentsare known as “variation margin”. For open futures, changes in the value of the contract are recognised as unrealised profits or losses by“marking-to-market” the value of the contract at the Balance Sheet date. Unrealised gains or losses on open futures contracts are shownin the Schedules of Investments of each relevant Fund and as appropriate, on the Balance Sheet as part of financial assets and liabilities atfair value through profit or loss.OptionsThe Funds may purchase and sell (write) call and put options on securities, securities indices and foreign currencies traded in the overthe-countermarket.If an option which the Funds have written either expires on its stipulated expiration date or the Funds enter into a closing purchasetransaction, the Funds realise a gain (or loss, if the cost of a closing purchase transaction exceeds the premium received when the optionwas sold) without regard to any unrealised gain or loss on the underlying security, and the liability related to such option is extinguished.If a call option which the Funds have written is exercised, the Funds realise a capital gain or loss from the sale of the underlying security,and the proceeds from such sale are increased by the premium originally received. When a put option which the Funds have written isexercised, the amount of the premium originally received will reduce the cost of the security which the Funds purchase upon exercise ofthe option.When the Funds write a covered call or a put option, a premium is received by the Funds. An amount equal to the premium issubsequently marked-to-market to reflect the fair value of the option written, which is reported as a liability on the Balance Sheet foreach relevant Fund. The difference between the premium amount and the fair value reported on the Balance Sheet gives rise to anunrealised gain/(loss). When the Funds purchase a call or a put option a premium is paid by the Funds. The premium on purchased putoptions exercised is subtracted from the proceeds of the sale of the underlying security or foreign currency in determining the realisedgain or loss. The premium on purchased call options exercised is included in determining initial fair value of the securities or foreigncurrency purchased. Premiums paid from the purchase of options which expire unexercised are treated as realised losses. The premium issubsequently marked-to-market to reflect the fair value of the option purchased, which is reported as an asset on the Balance Sheet foreach relevant Fund.The options are valued at close of business on the dealing day at the settlement price as provided by the counterparty/broker and thevalues are independently verified, at a minimum, weekly. Exchange traded options are valued at the last sale price or, if no sales arereported, the last bid price for purchased options and the last ask price for written options. OTC traded options are valued using pricessupplied by dealers. Forward premium swap option contracts include premiums that do not settle until the expiration date of thecontract. The delayed settlement of the premiums are factored into the daily valuation of the option contracts.150 Putnam World Trust

Notes to the Financial Statements as at 31 December 20132. Accounting Policies cont.A) Investments cont.Total Return Swap ContractsThe Funds may enter into OTC total return swap contracts, which are arrangements between two parties to exchange a market linkedreturn for a periodic payment, both based on a notional principal amount to help enhance the Funds’ return and manage the Funds’exposure to risk. To the extent that the total return of the security, index or other financial measure underlying the transaction exceeds orfalls short of the offsetting interest rate obligation, the Funds will receive a payment from or make a payment to the counterparty. OTCtotal return swap contracts are marked to market daily based upon quotations from an independent pricing service or market makersand the change, if any, is recorded as an unrealised gain or loss. Payments received or made are recorded as realised gains or losses.Certain OTC total return swap contracts may include extended effective dates, and are indicated by “E” in the Schedule of Investments.Payments related to these swap contracts are accrued based on the terms of the contract.The Funds could be exposed to credit or market risk due to unfavourable changes in the fluctuation of interest rates or in the price of theunderlying security or index, the possibility that there is no liquid market for these agreements or that the counterparty may default on itsobligation to perform. The Funds’ maximum risk of loss from counterparty risk is the fair value of the contract. This risk may be mitigatedby having a master netting arrangement between the Funds and the counterparty. Risk of loss may exceed amounts recognised on theBalance Sheet.Interest Rate Swap ContractsThe Funds may enter into OTC and/or centrally cleared interest rate swap contracts, which are arrangements between two parties toexchange cash flows based on a notional principal amount, to manage the Funds’ exposure to interest rates. An OTC and centrallycleared interest rate swap can be purchased or sold with an upfront premium. For OTC interest rate swap contracts, an upfront paymentpaid/(received) by the Funds is recorded as an asset/(liability) on the Funds’ books. OTC and centrally cleared Interest rate swapcontracts are marked to market daily based upon quotations from an independent pricing service or market makers. Any change isrecorded as an unrealised gain or loss on OTC interest rate swaps. Daily fluctuations in the value of centrally cleared interest rate swapsare recorded as part of financial assets and liabilities at fair value through profit or loss in the Balance Sheet and recorded as unrealisedgain or loss. Payments, including upfront premiums, received or made are recorded as realised gains or losses at the closing of thecontract. Certain OTC and centrally cleared interest rate swap contracts may include extended effective dates, and are indicated by "E" inthe Schedule of Investments. Payments related to these swap contracts are accrued based on the terms of the contract.The Funds could be exposed to credit or market risk due to unfavourable changes in the fluctuation of interest rates or if the counterpartydefaults, in the case of OTC interest rate contracts, or the central clearing agency or a clearing member defaults, in the case of centrallycleared interest rate swap contracts, on its respective obligation to perform under the contract. The Funds’ maximum risk of loss fromcounterparty risk or central clearing risk is the fair value of the contract. This risk may be mitigated for OTC interest rate swap contractsby having a master netting arrangement between the Funds and the counterparty and for centrally cleared interest rate swap contractsthrough the daily exchange of variation margin. There is minimal counterparty risk with respect to centrally cleared interest rate swapcontracts due to the clearinghouse guarantee fund and other resources that are available in the event of a clearing member default. Riskof loss may exceed amounts recognised on the Balance Sheet.Credit Default Swap ContractsThe Funds may enter into OTC and/or centrally cleared credit default swap contracts to provide a measure of protection against risk ofloss following a default, or other credit event in respect of issuers within an underlying index or a single issuer, or to gain credit exposureto an underlying index or issuer. In an OTC and centrally cleared credit default swap contract, the protection buyer typically makes anupfront payment and a periodic stream of payments to a counterparty, the protection seller, in exchange for the right to receive acontingent payment upon the occurrence of a credit event on the reference obligation or all other equally ranked obligations of thereference entity. Credit events are contract specific but may include bankruptcy, failure to pay, restructuring and obligation acceleration.For OTC credit default contracts, an upfront payment received by a Fund is recorded as a liability on the Funds' books. An upfrontpayment made by a Fund is recorded as an asset on the Funds’ books. Periodic payments received or paid by the Funds for OTC andcentrally cleared credit default contracts are recorded as realised gains or losses at the close of the contract. Centrally cleared creditdefault contracts provide the same rights to the protection buyer and seller except the payments between parties are settled through acentral clearing agent through variation margin payments. The OTC and centrally cleared credit default contracts are marked to marketdaily based upon quotations from an independent pricing service or market makers. Any change in value of OTC credit default contractsis recorded as an unrealised gain or loss. Daily fluctuations in the value of centrally cleared credit default contracts are recorded invariation margin on the Balance Sheet and recorded as unrealised gain or loss. Upon the occurrence of a credit event, the differencebetween the par value and market value of the reference obligation, net of any proportional amount of the upfront payment, is recordedas a realised gain or loss.In addition to bearing the risk that the credit event will occur, the Funds could be exposed to market risk due to unfavorable changes ininterest rates or in the price of the underlying security or index or the possibility that a Fund may be unable to close out its position at thesame time or at the same price as if it had purchased the underlying reference obligations. In certain circumstances, the Funds may enterinto offsetting OTC and centrally cleared credit default contracts which would mitigate their risk of loss. Risks of loss may exceedamounts recognised on the Balance Sheet. A Fund’s maximum risk of loss from counterparty risk, either as the protection seller or as theprotection buyer, is the fair value of the contract. This risk may be mitigated for the OTC credit default contracts by having a masternetting arrangement between that Fund and the counterparty and for centrally cleared credit default contracts through the dailyexchange of variation margin. Counterparty risk is further mitigated with respect to centrally cleared credit default contracts due to theclearing house guarantee fund and other resources that are available in the event of a clearing member default. Where a Fund is a sellerof protection, the maximum potential amount of future payments the Funds may be required to make is equal to the notional amount.Putnam World Trust 151

Notes to the Financial Statements as at 31 December 20132. Accounting Policies cont.A) Investments cont.SwaptionsThis instrument combines the features of two other financial instruments, namely an option and a swap. A swaption involves writing/purchasing options to enter into a swap. Swaptions are priced using the standard Black-Scholes pricing model where the inputs requiredare the term of the option, the price and volatility of the underlying instrument (the swap), the strike price of the option and the risk freerate of return (yield curve).A Fund records an unrealised gain (loss) for the amount expected to be received or (paid) under the swaption agreement if theagreement was terminated on the Balance Sheet date and is recorded as a financial asset or (financial liability) at fair value through profitor loss on the Fund’s Balance Sheet and Schedule of Investments.When a Fund writes a swaption, a premium is received by the Fund and the swaption is initially recognised at the amount of thepremium. The swaption is subsequently marked-to-market to reflect the fair value of the swaption written, which is reported as a liabilityon that Fund’s Balance Sheet. The difference between the premium received and the fair value reported on the Balance Sheet gives riseto an unrealised gain (loss). When a swaption that a Fund has written is exercised, the amount of the premium originally received willoffset the cost of the swap upon exercise of the option in arriving at the movement in unrealised gain or loss to be included in the Profitand Loss Account. Premiums received on swaptions written which expire unexercised are treated as realised gains.When a Fund purchases a swaption, a premium is paid by that Fund and the swaption is initially recognised at the amount of thepremium. The swaption is subsequently marked-to-market to reflect the fair value of the swaption purchased, which is reported as anasset on the Fund’s Balance Sheet. When a swaption that a Fund holds is exercised, the amount of the premium originally paid will offsetthe cost of the swap upon exercise of the option in arriving at the movement in unrealised gain or loss to be included in the profit and lossaccount. Premiums paid from the purchase of swaptions which expire unexercised are treated as realised losses.TBA Purchase Commitments (To Be Announced)Certain Funds may enter into To Be Announced (“TBA”) purchase commitments to purchase securities for a fixed unit price at a futuredate beyond customary settlement time. Although the unit price has been established, the principal value has not been finalised.However, it is anticipated that the amount of the commitments will not significantly differ from the principal amount.Such Funds hold and maintain until settlement date, cash or high-grade debt obligations in an amount sufficient to meet the purchaseprice, or may enter into offsetting contracts for the forward sale of other securities they own.Income on the securities will not be earned until settlement date. TBA purchase commitments may be considered securities inthemselves, and involve a risk of loss if the value of the security to be purchased declines prior to settlement date, the risk of which is inaddition to the risk of decline in the value of the Funds’ other assets.Unsettled TBA purchase commitments are valued at their fair value, according to the procedures described under “Valuation ofInvestments” above.The contract is marked to market daily and the change in fair value is recorded by the Funds as an unrealised gain or loss. Based onmarket circumstances, the Manager will determine whether to take delivery of the underlying securities or to dispose of the TBAcommitments prior to settlement.TBAs are accounted for in line with the accounting policy for the underlying instruments.TBA Sales CommitmentsCertain Funds may enter into TBA sale commitments to hedge their portfolio positions or to sell mortgage-backed securities they ownunder delayed delivery arrangements. Proceeds of TBA sale commitments are not received until the contractual settlement date.During the time a TBA sale commitment is outstanding, equivalent deliverable securities or an offsetting TBA purchase commitmentdeliverable on or before the sale commitment date, are held as “cover” for the transaction.Unsettled TBA sale commitments are valued at their fair value, generally according to the procedures described under the “Valuation ofInvestments” above. The contract is marked to market daily and the change in fair value is recorded by the Funds as an unrealised gain orloss. If the TBA sale commitment is closed through the acquisition of an offsetting TBA purchase commitment, the Funds realise a gain orloss. If the Funds deliver securities under the commitment, the Funds realise a gain or loss from the sale of the securities based upon theunit price established at the date the commitment was entered into. Based on market circumstances, Putnam Management willdetermine whether to deliver the underlying securities or to dispose of the TBA commitments prior to settlement.Repurchase AgreementsSecurities purchased under the agreements to resell are valued at notional value plus accrued interest. Interest rates vary for eachrepurchase agreement and are set at the initiation of the agreement. Interest earned under such agreements is accounted for on anaccruals basis.Investments in Investment Companies and Collective Investment SchemesInvestments in Investment Companies are valued using the latest fair value at the latest available unaudited Net Asset Value for theshares obtained from the relevant administrator unless, in the Manager’s reasonable opinion, there are reasons to justify departingtemporarily or permanently from that price. Such reasons may, without limitation include those associated with the liquidity and/ or thepricing methodology being employed by such investment companies. The changes in the daily Net Asset Value of these shares isrecognised as part of “Net realised and Net unrealised gains or losses on financial assets and liabilities at fair value through profit or loss”as part of the Profit and Loss Account.Cash and Other Liquid AssetsCash comprises current deposits with banks. Cash equivalents are short-term highly liquid investments that are readily convertible toknown amounts of cash, are subject to an insignificant risk of changes in value, and are held for the purpose of meeting short-term cashcommitments rather than for investment or other purposes. All Cash at Bank is held with State Street Bank and Trust Company, Boston.152 Putnam World Trust

Notes to the Financial Statements as at 31 December 20132. Accounting Policies cont.A) Investments cont.Cash and Other Liquid Assets cont.Cash and other liquid assets will be valued at their face value with interest accrued, where applicable, at the close of the regular tradingsession of the New York Stock Exchange (“NYSE”).Accounting for InvestmentsRecognition/derecognitionPurchases and sales of investments are recognised on the day the transaction takes place (the trade date). Investments are derecognisedwhen the rights to receive cash flows from the investments have expired or the Trust has transferred substantially all risks and rewards ofownership.MeasurementFinancial assets and financial liabilities at fair value through profit or loss are initially recognised at fair value. Transaction costs areexpensed in the Profit and Loss Account. Subsequent to initial recognition, all financial assets and financial liabilities at fair value throughprofit or loss are measured at fair value in accordance with the policies above. Gains and losses arising from changes in the fair value ofthe financial assets and financial liabilities at fair value through profit or loss category are presented in the Profit and Loss Account in theperiod in which they arise.ClassificationThe Funds classify their investments as financial assets or financial liabilities at fair value through profit or loss under FRS 26.Net gains/(losses) on investment activitiesIn respect of each instrument type classified as financial assets or financial liabilities at fair value through profit or loss, the movement inunrealised gains/(losses) since the prior period end and realised gains/(losses) are included in net realised and unrealised gains/ (losses)on financial assets and liabilities at fair value through profit or loss.Realised gains and losses on investment transactions are calculated using the average cost method.CollateralThe Funds’ assets may be pledged as collateral to, and held by the counterparty and brokers for open futures and swap contracts. TheFunds may also receive securities pledged as collateral from the counterparty and brokers for open futures and swap contracts. As at31 December 2013, the fair value of securities received by the Funds as collateral are as follows: Putnam Global Fixed Income Alpha FundS1 GBP 376,425 (30 June 2013 GBP 1,445,840), Putnam Global Fixed Income Alpha Fund S2 GBP 1,145,848 (30 June 2013 GBP 4,388,678)and Putnam Total Return Fund USD 912,782 (30 June 2013 USD 2,647,005). Collateral is recognised on the date the relevant Fundbecomes a party to the contractual provisions.Cash collateral provided by a Fund is identified in the Balance Sheet as due to/from broker for margin and is not included as acomponent of cash and cash equivalents. Cash collateral received by a Fund is identified in the Balance Sheet as broker cash held ascollateral for financial derivative instruments. The obligation to return the cash collateral is identified in the Balance Sheet as broker cashdue to counterparties for financial derivative instruments transactions. For collateral other than cash, if the party to whom the collateral isprovided has the right by contract or custom to sell or re-pledge the collateral, the Fund classifies that asset in its Balance Sheetseparately from other assets and identifies the asset as pledged collateral. Where the party to whom the collateral is provided does nothave the right to sell or re-pledge, a disclosure of the collateral provided is made in the notes to the financial statements.B) Income and Expenses from Investmentsi) Dividend IncomeDividend income arising on the underlying equity investments of the Trust is credited to the Profit and Loss Account on the date onwhich the relevant securities are listed as “ex-dividend”. Income is accounted for gross of any non reclaimable/irrecoverable withholdingtaxes and net of any tax credits. The withholding tax is shown separately in the Profit and Loss Account.ii) Bond InterestBond interest is recognised as income of the Trust on an effective interest basis. The effective interest method is a method of calculatingthe amortised cost of a financial asset or financial liability and of allocating the interest income or interest expense over the relevantperiod. The effective interest rate is the rate that exactly discounts estimated future cash payments or receipts throughout the expectedlife of the financial instrument, or a shorter period where appropriate, to the net carrying amount of the financial asset or financial liability.When calculating the effective interest rate, the Trust estimates cash flows considering all contractual terms of the financial instrumentbut does not consider future credit losses.iii) Interest IncomeIncome arising on the underlying investments of the Funds is recognised as income of the Funds on an effective interest basis. Bankinterest is recognised on an accruals basis.iv) ExpensesEach Fund shall pay all of its expenses and such proportion of the Trust’s expenses which are allocated to that Fund based on theaverage Net Asset Value of the Fund when the expense is accrued. The costs and gains or (losses) of any currency hedging transactionswill be attributable to the relevant Class in their entirety. To the extent that expenses are attributable entirely to a specific Class of a Fund,that Class shall bear such expenses. All expenses are accrued on a daily basis.v) Transaction CostsTransaction costs are defined as the incremental costs that are directly attributable to the acquisition, issue or disposal of a financial assetor financial liability. An incremental cost is one that would not have been incurred if the entity had not acquired, issued or disposed of thefinancial instrument. When a financial asset or financial liability is recognised initially, an entity shall measure it at its fair value throughprofit or loss plus, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability.Putnam World Trust 153

Notes to the Financial Statements as at 31 December 20133. Number of Units in Issue and Net Assets Attributable to Redeemable Participating UnitholdersEach of the units entitles the holder to participate equally on a pro rata basis in the profits and dividends of the Funds attributable to such Class ofunits and to attend and vote at meetings of the Fund represented by those units. No class of units confers on the holder thereof any preferentialor pre-emptive rights or any rights to participate in the profits and dividends of any other class of units or any voting rights in relation to mattersrelating solely to any other class of units. Each unit represents an undivided beneficial interest in the relevant Fund.The return on an investment in the Funds will depend solely upon the investment performance of the assets and liabilities in that Fund and theincrease or decrease (as the case may be) in the Net Asset Value of the units. The amount payable to a unitholder in respect of each unit uponliquidation of the relevant Funds will equal the Net Asset Value per unit of that Fund.In accordance with the provisions of the Trust’s Trust Deed, listed investments and investments with prices quoted in over-the-counter marketsor by market makers are generally stated at the last traded price (for listed equities) or bid price (for fixed income securities) on the valuation dayfor the purpose of determining Net Asset Value per unit for subscriptions and redemptions and for various fee calculations.However, as stated in note 2A(i), the accounting policy of the Funds for the purpose of compliance with FRS 26 is to value its investments at therelevant bid or offer market prices on the Balance Sheet date.As at 31 December 2013, the difference between the valuation stated in the financial statements of investments and the valuation methodologyindicated in the Trust’s Trust Deed is reflected as “adjustments from bid market value to last traded market value” in the Funds' respectiveBalance Sheets. Net assets attributable to Unitholders represent a liability on the Balance Sheet, carried at the redemption amount that would bepayable at the Balance Sheet date if the Unitholder exercised the right to redeem his/her Units to the Trust. Consequently, the differencesdescribed above adjust the carrying amount of the net assets attributable to redeemable participating Unitholders and are recognised in theProfit and Loss Account.If the number of Units in a Fund falling to be redeemed on any Dealing Day is equal to 10% or more of the total number of Units in issue ordeemed to be in issue in that Fund on such Dealing Day, the Manager may in its discretion refuse to redeem any Units in that Fund in excess of10% of the total number of Units in issue or deemed to be in issue in that Fund as aforesaid and, if the Manager so refuses, upon notification to therelevant Unitholders, the requests for redemption of Units in that Fund on such Dealing Day shall be reduced rateably and the Units in that Fundto which each request relates which are not redeemed by reason of such refusal shall be treated as if a request for redemption had been made inrespect of each subsequent Dealing Day until all the Units in that Fund to which the original request related have been redeemed provided,however, that the Manager may at its discretion, redeem in full the Units of smaller redemption requests (that represent 1% or less of Units in issueor deemed to be in issue) rather than including them in the pro rata calculation with the larger redemption requests received on such DealingDay. Redemption requests will be dealt with fairly in accordance with the above.The Manager may also apply a provision for market spreads and duties and charges in any other case where it considers such a provision to be inthe best interests of a Fund. Any such sum will be paid into the account of the relevant Fund. Notwithstanding the foregoing, the levy withrespect to Putnam Global High Yield Bond Fund will not exceed 1% of the Net Asset Value of that Fund under normal market conditions.Distributions payable to Redeemable Participating UnitholdersProposed distributions to holders of redeemable units are recognised in the Profit and Loss Account when the Trust incurs a legal or constructiveobligation to pay such a distribution. The distribution on these redeemable units is recognised in the Profit and Loss Account as a finance cost.Certain classes of the Funds were certified as reporting funds by HM Revenue & Customs in the UK for the period ending 31 December 2013. TheTrust has been approved for the UK reporting regime for the period ended 31 December 2013. There was no change in the nature of the Trust’sbusiness during the period.4. Current and Prior Period NAV DetailsPutnam Asia Pacific (Ex-Japan) Equity Fund31 December 2013USD30 June 2013USD31 December 2012USDTotal Net Asset Value $ 5,185,197 $ 4,660,781 5,017,784Class AUnits in Issue 2,434 2,434 3,096Net Asset Value per Unit $ 22.50 $ 20.55 21.96Class BUnits in Issue 859 859 859Net Asset Value per Unit $ 21.91 $ 20.04 21.48Class CUnits in Issue 100 100 100Net Asset Value per Unit $ 22.31 $ 20.37 21.78Class IUnits in Issue 176,922 176,922 176,922Net Asset Value per Unit $ 23.37 $ 21.25 22.64Class MUnits in Issue 17,061 17,061 17,061Net Asset Value per Unit € 21.25 € 19.44 20.81Class TUnits in Issue 14,120 14,120 14,120Net Asset Value per Unit £ 20.38 £ 18.61 19.85Putnam World Trust 155

Notes to the Financial Statements as at 31 December 20134. Current and Prior Period NAV Details cont.Putnam Emerging Markets Equity Fund31 December 2013USD30 June 2013USD31 December 2012USDTotal Net Asset Value $ 5,202,517 $ 4,698,089 $ 5,062,227Class AUnits in Issue 6,315 6,316 8,328Net Asset Value per Unit $ 18.30 $ 16.79 $ 18.09Class BUnits in Issue 1,848 1,848 1,848Net Asset Value per Unit $ 17.82 $ 16.39 $ 17.70Class CUnits in Issue 100 100 100Net Asset Value per Unit $ 18.13 $ 16.64 $ 17.94Class IUnits in Issue 214,935 214,935 212,147Net Asset Value per Unit $ 19.26 $ 17.58 $ 18.86Class MUnits in Issue 18,146 18,146 18,146Net Asset Value per Unit € 17.07 € 15.71 € 16.95Class TUnits in Issue 17,430 17,430 17,430Net Asset Value per Unit £ 16.88 £ 15.48 £ 16.63Putnam Global Core Equity Fund31 December 2013USD30 June 2013USD31 December 2012USDTotal Net Asset Value $ 7,420,848 $ 6,279,029 $ 5,684,944Class AUnits in Issue 11,150 11,538 15,153Net Asset Value per Unit $ 19.20 $ 16.46 $ 14.76Class BUnits in Issue 13,165 13,165 14.992Net Asset Value per Unit $ 18.71 $ 16.08 $ 14.46Class CUnits in Issue 100 100 100Net Asset Value per Unit $ 18.96 $ 16.28 $ 14.61Class IUnits in Issue 283,083 283,083 279,785Net Asset Value per Unit $ 19.91 $ 17.02 $ 15.21Class MUnits in Issue 26,123 26,123 26,123Net Asset Value per Unit € 17.64 € 15.16 € 13.63Class TUnits in Issue 23,806 23,806 23,806Net Asset Value per Unit £ 17.45 £ 14.98 £ 13.40Putnam Global Fixed Income Alpha Fund S131 December 2013GBP30 June 2013GBP31 December 2012GBPTotal Net Asset Value £ 257,167,759 £ 255,653,593 £ 255,081,457Class SUnits in Issue 25,308,285 25,301,929 25,296,357Net Asset Value per Unit £ 10.16 £ 10.10 £ 10.08Putnam Global Fixed Income Alpha Fund S231 December 2013GBP30 June 2013GBP31 December 2012GBPTotal Net Asset Value £ 331,653,463 £ 324,600,000 £ 295,265,630Class SUnits in Issue 46,702,750 46,697,028 43,002,013Net Asset Value per Unit £ 7.10 £ 6.95 £ 6.87156 Putnam World Trust

Notes to the Financial Statements as at 31 December 20134. Current and Prior Period NAV Details cont.Putnam Global High Yield Bond Fund31 December 2013USD30 June 2013USD31 December 2012USDTotal Net Asset Value $ 214,886,555 $ 268,427,537 $ 513,395,062Class AUnits in Issue 2,505,416 2,433,825 2,165,753Net Asset Value per Unit $ 6.95 $ 6.78 $ 6.92Class BUnits in Issue 538,057 522,153 493,364Net Asset Value per Unit $ 6.90 $ 6.74 $ 6.87Class CUnits in Issue 831,906 881,405 836,111Net Asset Value per Unit $ 8.79 $ 8.58 $ 8.75Class EUnits in Issue 790,348 653,127 560,151Net Asset Value per Unit € 7.83 € 7.67 € 7.87Class IUnits in Issue 1,575,749 38,304,877 98,511,191Net Asset Value per Unit $ 2.67 $ 2.60 $ 2.65Class SUnits in Issue 20,736,890 17,936,360 26,957,242Net Asset Value per Unit £ 5.06 £ 4.94 £ 5.04Putnam Total Return Fund31 December 2013USD30 June 2013USD31 December 2012USDTotal Net Asset Value $ 336,814,417 $ 364,051,360 $ 272,329,238Class AUnits in Issue 8,273,352 11,543,960 6,986,771Net Asset Value per Unit $ 13.66 $ 12.84 $ 13.16Class BUnits in Issue 42,161 91,427 95,637Net Asset Value per Unit $ 12.02 $ 11.32 $ 11.64Class CUnits in Issue 3,099,536 3,882,754 2,672,699Net Asset Value per Unit $ 12.21 $ 11.49 $ 11.80Class E*Units in Issue 7,094,874 6,966,294 6,957,581Net Asset Value per Unit € 10.78 € 10.28 € 10.53Class I**Units in Issue 177,747 201,422 138Net Asset Value per Unit $ 10.52 $ 9.85 $ 10.06Class MUnits in Issue 4,244,409 4,849,513 3,939,920Net Asset Value per Unit € 10.00 € 9.41 € 9.67Class SUnits in Issue 3,443,476 3,086,083 133,877Net Asset Value per Unit £ 3.51 £ 3.32 £ 3.39* Class E Units launched on 2 July 2012.** Class I Units launched on 28 December 2012.Putnam U.S. Large Cap Growth Fund31 December 2013USD30 June 2013USD31 December 2012USDTotal Net Asset Value $ 60,860,394 $ 47,250,388 $ 43,678,673Class AUnits in Issue 100 100 100Net Asset Value per Unit $ 12.91 $ 10.64 $ 9.60Class MUnits in Issue 3,481,556 3,457,465 3,474,464Net Asset Value per Unit € 12.71 € 10.50 € 9.52Putnam World Trust 157

Notes to the Financial Statements as at 31 December 20135. Risks Associated with Financial InstrumentsAs defined in FRS 29 Financial Instruments, risk can be separated into the following components: market risk (which includes market price risk,foreign currency risk and interest rate risk), liquidity risk and credit or default risk. The Trust’s risk management process consists of a multi-layeredand cross functional review that provides a system of checks and balances. The Investment Advisor performs reviews at least monthly andagrees on policies for managing each of these risks which are summarised below. The Board of Directors of the Manager of the Trust receivesmonthly reporting on risk matters and reviews the risk management process on an annual basis. These policies have remained substantiallyunchanged since the beginning of the period to which these financial statements relate.a) Market price riskMarket price risk arises mainly from uncertainty about future prices of financial instruments held. It represents the potential loss the Trustmight suffer through holding market positions in the face of price movements caused by factors specific to the individual investment orfactors affecting all instruments traded in the market. The Investment Advisor considers the asset allocation of the portfolios in order tominimise the risk associated with particular countries or industry sectors whilst continuing to follow the Trust’s investment objectives.The Investment Advisor measures both the Fund’s total risk as well as its risk of underperformance versus its stated benchmark (also referredto as active risk or tracking error “TE”).The market risk exposure for each Fund as at 31 December 2013 is equivalent to the fair values of investments held, as reflected in eachFund’s Schedule of Investments.Aggregate Value at RiskThe Funds use relative Value at Risk (“VaR”) as a risk measurement technique to measure, monitor and manage risks.The Investment Advisor considers the asset allocation of the portfolios in order to seek to minimise the risk associated with particularcountries or industry sectors whilst continuing to follow the Trust’s investment objectives. The VaR measure estimates the potential loss inpre-taxation profit over a given holding period for a specified confidence level. The VaR methodology is a statistically defined, probabilitybasedapproach that takes into account market volatilities as well as risk diversification by recognising offsetting positions and correlationsbetween products and markets. Risks can be measured consistently across all markets and products, and risk measures can be aggregated toarrive at a single risk number.Given the interdependencies between market variables, the Trust also estimates the VaR or threshold loss that is not expected to beexceeded at the 99th percentile confidence level over a 1-day horizon. The Investment Advisor uses a proprietary multi-factor model toestimate the total risk from which VaR estimates can be analytically derived. The VaR estimates presented below are point-in-time and varyover time as a function of market and portfolio composition changes.Given its reliance on historical data, VaR is most effective in estimating risk exposures in markets in which there are no sudden fundamentalchanges or sudden shifts in market conditions. An inherent limitation of VaR is that the distribution of past changes in market risk factors maynot produce accurate predictions of future risk. Different VaR methodologies and distributional assumptions could produce a materiallydifferent VaR. Moreover, VaR calculated for a one-day time horizon does not fully capture the market risk of positions that cannot beliquidated or offset with hedges within one day. Changes in VaR between reporting periods are generally due to changes in levels ofexposure, volatilities and/or correlations among asset classes.The tables below show the VaR of each Fund, its stated benchmark (if applicable) as well as the ratio between the two measures (alsoreferred to as relative VaR) for Funds in issue as of 31 December 2013, 30 June 2013 and 31 December 2012:Portfolio VaRFund 1 Day % Min % Average % Max %Putnam Asia Pacific (Ex-Japan) Equity Fund 31-Dec-13 1.82 1.81 2.18 2.54158 Putnam World Trust30-Jun-13 2.36 1.88 2.46 3.1531-Dec-12 2.25 2.25 3.19 4.66Putnam Emerging Markets Equity Fund 31-Dec-13 1.84 1.83 2.16 2.5530-Jun-13 2.30 1.83 2.38 3.0931-Dec-12 2.16 2.15 3.08 4.46Putnam Global Core Equity Fund 31-Dec-13 1.89 1.85 2.17 2.3730-Jun-13 2.31 1.92 2.45 3.1131-Dec-12 2.29 2.28 2.98 3.97Putnam Global Fixed Income Alpha Fund S1 31-Dec-13 0.20 0.15 0.22 0.3430-Jun-13 0.34 0.14 0.20 0.3431-Dec-12 0.17 0.12 0.21 0.39Putnam Global Fixed Income Alpha Fund S2 31-Dec-13 0.43 0.40 0.50 0.6330-Jun-13 0.50 0.40 0.50 0.6331-Dec-12 0.48 0.30 0.51 0.78Putnam Global High Yield Bond Fund 31-Dec-13 1.19 0.98 1.33 1.5830-Jun-13 1.36 0.98 1.53 1.8331-Dec-12 1.54 1.43 1.79 2.04Putnam Total Return Fund 31-Dec-13 1.06 1.06 1.33 1.7230-Jun-13 1.29 1.04 1.45 2.0331-Dec-12 1.54 1.04 1.48 2.03Putnam U.S. Large Cap Growth Fund 31-Dec-13 1.84 1.82 2.17 2.5530-Jun-13 2.23 2.15 2.52 3.0131-Dec-12 2.50 2.47 2.80 3.04

Notes to the Financial Statements as at 31 December 20135. Risks Associated with Financial Instruments cont.a) Market price risk cont.Benchmark VaRFund 1 Day % Min % Average % Max % Reference BenchmarkPutnam Asia Pacific (Ex-Japan) Equity Fund 31-Dec-13 1.91 1.91 2.16 2.45 MSCI AC Pacific ex Japan Index30-Jun-13 2.29 1.94 2.38 3.01 MSCI AC Pacific ex Japan Index31-Dec-12 2.11 2.11 3.04 4.22 MSCI AC Pacific ex Japan IndexPutnam Emerging Markets Equity Fund 31-Dec-13 2.00 1.91 2.21 2.52 MSCI Daily TR EM USD30-Jun-13 2.28 1.91 2.44 3.10 MSCI Daily TR EM USD31-Dec-12 2.19 2.19 3.10 4.20 MSCI Daily TR EM USDPutnam Global Core Equity Fund 31-Dec-13 1.76 1.75 2.01 2.21 MSCI World Index30-Jun-13 2.17 1.75 2.29 2.93 MSCI World Index31-Dec-12 2.14 2.14 2.82 3.84 MSCI World IndexPutnam Global Fixed Income Alpha Fund S1 31-Dec-13 0.02 - 0.02 0.02 BBA Libor GBP 6 Month30-Jun-13 0.02 0.02 0.02 0.02 BBA Libor GBP 6 Month31-Dec-12 0.02 0.02 0.02 0.03 BBA Libor GBP 6 MonthPutnam Global Fixed Income Alpha Fund S2 31-Dec-13 0.02 - 0.02 0.02 BBA Libor GBP 6 Month30-Jun-13 0.02 0.02 0.02 0.02 BBA Libor GBP 6 Month31-Dec-12 0.02 0.02 0.02 0.03 BBA Libor GBP 6 MonthPutnam Global High Yield Bond Fund 31-Dec-13 1.04 1.03 1.18 1.35BofA Merrill Lynch Global High Yield Investment GradeCountry Constrained Index (100% USD Hedged)30-Jun-13 1.21 1.07 1.34 1.65BofA Merrill Lynch Global High Yield Investment GradeCountry Constrained Index (100% USD Hedged)31-Dec-12 1.29 1.29 1.58 1.79BofA Merrill Lynch Global High Yield Investment GradeCountry Constrained Index (100% USD Hedged)Putnam Total Return Fund 31-Dec-13 1.17 1.17 1.54 1.74 Custom Dynamic Risk Allocation Index30-Jun-13 1.54 1.54 1.70 1.90 Custom Dynamic Risk Allocation Index31-Dec-12 1.73 1.67 1.80 1.94 Custom Dynamic Risk Allocation IndexPutnam U.S. Large Cap Growth Fund 31-Dec-13 1.74 1.74 2.04 2.33 Russell 1000 Growth IndexRelative VaR (ratio of Fund VaR / Benchmark VaR)30-Jun-13 2.12 2.00 2.27 2.61 Russell 1000 Growth Index31-Dec-12 2.26 2.25 2.49 2.70 Russell 1000 Growth IndexFund 1 Day %Putnam Asia Pacific (Ex-Japan) Equity Fund 31-Dec-13 0.9530-Jun-13 1.0331-Dec-12 1.07Putnam Emerging Markets Equity Fund 31-Dec-13 0.9230-Jun-13 1.0131-Dec-12 0.99Putnam Global Core Equity Fund 31-Dec-13 1.0730-Jun-13 1.0631-Dec-12 1.07Putnam Global High Yield Bond Fund 31-Dec-13 1.1430-Jun-13 1.1231-Dec-12 1.19Putnam Total Return Fund 31-Dec-13 0.9130-Jun-13 0.8431-Dec-12 0.89Putnam U.S. Large Cap Growth Fund 31-Dec-13 1.0630-Jun-13 1.0531-Dec-12 1.11Putnam Global Fixed Income Alpha Fund S1 and Putnam Global Fixed Income Alpha Fund S2 only report their portfolio VaR. For these Funds,VaR is tracked against a limit of 5% and uses a cash equivalent benchmark and so a VaR ratio is not relevant.Putnam World Trust 159

Notes to the Financial Statements as at 31 December 20135. Risks Associated with Financial Instruments cont.a) Market price risk cont.LeverageIn accordance with ESMA Guidelines (CESR/10-788), each Fund's leverage during the period is calculated as the gross sum of the notionals of allthe derivative instruments used by a Fund, with the sum expressed as a percentage of a Fund’s net assets. As a result of this calculationmethodology, each Fund’s level of leverage as depicted by the figures below may be overstated and not representative of the actual exposurerepresented by the derivative positions in the Fund. The leverage figure calculated takes the absolute sum of long and short derivative positionsand sums them. There is no reduction for offsetting or partial offsetting positions or even exposures to positions that have been closed orpartially closed. For example, if a Fund opened a long Australian Dollar currency forward position against the British Pound for $1 million notionalexposure (i.e., buying Australian Dollar, selling Pounds) and then later closed that position by executing the same trade in the offsetting direction(i.e., selling Australian Dollar, buying Pounds), these trades would count $2 million notional toward the sum despite that these positions have aneconomic exposure of 0. Another example of how this figure may overstate leverage is in interest rate hedging. If a Fund opens an interest rateswap position to pay on USD rates fixed versus floating for $1 million notional and then re-hedges that interest rate position by receiving on USDrates fixed versus floating for a $1 million notional, these trades would count $2 million notional toward the sum despite the fact that thesepositions have an economic exposure of 0.The figures provided below are an average across the period and will vary from time to time.Fund Average %Putnam Asia Pacific (Ex-Japan) Equity Fund 31-Dec-13 11.43Putnam Emerging Markets Equity Fund 31-Dec-13 -Putnam Global Core Equity Fund 31-Dec-13 40.08Putnam Global Fixed Income Alpha Fund S1 31-Dec-13 530.52Putnam Global Fixed Income Alpha Fund S2 31-Dec-13 847.64Putnam Global High Yield Bond Fund 31-Dec-13 21.88Putnam Total Return Fund 31-Dec-13 324.39Putnam U.S. Large Cap Growth Fund 31-Dec-13 1.12b) Foreign currency riskCurrency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates.The risk arises on financial instruments that are denominated in a currency other than the functional currency in which these are measured. Asubstantial proportion of each Fund’s assets are held in currencies other than the base currency with the result that the Funds’ BalanceSheets can be significantly affected by currency movements.Certain Class level hedges as included in the analysis of the Portfolio of Investments are entered into in order to hedge the value of the Euroand Pound Sterling Hedge Classes, in the U.S. Dollar Funds.c) Fair valuation hierarchyFRS 29 requires the Trust to classify fair value measurements using a fair value hierarchy that reflects the significance of the inputs used inmaking the measurements.The fair value hierarchy of inputs is summarised in the three broad levels listed below:• Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.• Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, asprices) or indirectly (that is, derived from prices).• Level 3: Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).The level in the fair value hierarchy within which the fair value measurement is categorised in its entirety is determined on the basis of thelowest level input that is significant to the fair value measurement in its entirety. For this purpose, the significance of an input is assessedagainst the fair value measurement in its entirety. If a fair value measurement uses observable inputs that require significant adjustmentbased on unobservable inputs, that measurement is a Level 3 measurement. Assessing the significance of a particular input to the fair valuemeasurement in its entirety requires judgement, considering factors specific to the asset or liability.The determination of what constitutes “observable” requires significant judgement by the Investment Advisor. The Investment Advisorconsiders observable data to be that market data that is readily available, regularly distributed or updated, reliable and verifiable, notproprietary, and provided by independent sources that are actively involved in the relevant market.d) Interest rate riskInterest rate risk is defined as the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes inmarket interest rates. The risk arises on financial instruments whose fair value or future cash flows are affected by changes in interest rates.Short-term securities are less sensitive to interest rate changes than longer-term securities, but they also usually offer lower yields. The Fundsinvest in both fixed rate and floating rate securities.160 Putnam World Trust

Notes to the Financial Statements as at 31 December 20135. Risks Associated with Financial Instruments cont.e) Liquidity riskThis is the risk that the Trust will encounter difficulty in meeting obligations associated with financial liabilities. The Trust’s assets primarilycomprise mainly readily realisable securities. The main liability of each Fund is the redemption of any units that investors wish to sell, as wellas other liabilities, such as purchases of investments awaiting settlement.The Trust’s financial instruments may include investments in OTC derivative contracts, which are not traded in an organised public marketand may be illiquid. As a result, the Trust may not be able to promptly liquidate some of its investments in these instruments at an amountclose to its fair value in order to meet its liquidity requirements or to respond to specific events such as deterioration in the credit worthinessof any particular issuer. Market value amounts are presented in the Schedule of Investments to indicate the extent of the Trust’s involvementin such instruments.The trading volumes of stocks and fixed income securities held by each Fund are generally sufficient to satisfy liquidity requirements whennecessary. However, to minimise or mitigate the effect of liquidity risk where deemed necessary, the Investment Advisor could eitherreposition the portfolio or adjust the allocation to obtain a higher concentration of more liquid securities. These adjustments could impact theFunds’ returns.f) Credit riskThe Trust is exposed to credit risk from parties with whom it trades and also bears the risk of settlement default. The Trust seeks to minimiseconcentration of credit risk by undertaking transactions with a large number of counterparties on recognised and reputable exchanges andthe over-the-counter market.The Funds’ maximum exposure to credit risk (not taking into account the value of any collateral or other security held) in the event thatcounterparties fail to perform their obligations as of 31 December 2013 in relation to each class of recognised financial assets, other thanderivatives, is the carrying amount of those assets as indicated in the Balance Sheet.It is the Funds’ policy to take custody of securities purchased under repurchase agreements on a daily basis to protect the Funds in the eventthe securities are not repurchased by the counterparty. The Funds will generally obtain additional collateral if the market value of theunderlying securities is less than the obligation to repurchase plus any accrued interest. In the event of default on the obligation torepurchase, the Funds have the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. In the event of defaultor bankruptcy by the counterparty to the agreement, realisation and or retention of the collateral or proceeds may be subject to legalproceedings.Credit default swaps provide a measure of protection against defaults of debt issuers. The use of credit default swaps does not assure theiruse will be effective or will have the desired result. The credit events are specified in the contract and are intended to identify the occurrenceof a significant deterioration in the creditworthiness of the reference asset. On settlement, credit default products may be cash settled orinvolve the physical delivery of an obligation of the reference entity following a default. The maximum exposure upon entering into creditdefault swaps is equal to the notional amount which is disclosed in the Schedule of Investments. Buying credit default protection reduces thebuyer's exposure to a reference entity (it is intended to reduce risk when a party owns a security issued by or otherwise has exposure to thereference entity or to create a synthetic short position in the reference entity). As the protection buyer, the buyer may lose its investment andrecover nothing if a credit event does not occur and may be required to make periodic payments to the protection seller until the swapmatures.The clearing and depository operations for the Trust’s security transactions are mainly concentrated with one custodian, namely State StreetCustodial Services (Ireland) Limited. State Street Custodial Services (Ireland) Limited is a member of a major securities exchange, and at 31December 2013 had a credit rating of A1 (30 June 2013: A1). At 31 December 2013, all cash and cash equivalents and investments are placedin custody with State Street Custodial Services (Ireland) Limited. In addition, there are risks involved in dealing with custodians or brokerswho settle trades with regard to the segregation of assets. It is expected that all securities and other assets deposited with custodians orbrokers will be clearly identified as being assets of the Fund; the Fund should not therefore be exposed to a credit risk with respect to suchparties. However, it may not always be possible to achieve this segregation, so the portfolio of the Fund may experience increased exposureto credit risk associated with the applicable custodians or brokers.Risks associated with derivative contracts involve the possibility that the counterparty to the contract may default on its obligation toperform. Counterparty exposure is managed in accordance with the investment restrictions specified in the Trust's Prospectus. The Fundscould be exposed to credit or market risk due to unfavorable changes in the fluctuation of interest rates or in the price of the underlyingsecurity or index or the possibility that there is no liquid market for these agreements. The Funds’ maximum risk of loss from failure of acounterparty is the fair value of the contract. This risk may be mitigated by having a master netting arrangement between the Funds and thecounterparty. Risk of loss may exceed amounts recognised on the Balance Sheet. Market Value amounts are presented in the Schedule ofInvestments to indicate the extent of the Trust’s involvement in such instruments.Putnam World Trust 161

Notes to the Financial Statements as at 31 December 20135. Risks Associated with Financial Instruments cont.f) Credit risk cont.The table below outlines the credit ratings of each applicable Fund’s bond investments and exposure on derivatives:31 December 2013S&P/Moody’sQuality Breakdown30 June 2013Putnam Global FixedIncomeAlpha Fund S1Putnam Global FixedIncomeAlpha Fund S2Putnam GlobalHigh Yield Bond FundPutnam TotalReturn FundAAA 9.64% 16.49% — 1.36%AA 1.19% 0.38% — 0.11%A 3.63% 3.06% 0.34% 1.74%BAA 7.34% 15.81% 2.05% 4.89%BA 0.66% 7.00% 26.07% 4.22%B 1.20% 4.97% 40.85% 5.80%CAA 0.14% 2.59% 23.35% 0.09%CA — 3.82% — —D — — 0.62% —Net Cash 76.20% 45.20% 4.16% 81.79%S&P/Moody’sCredit RatingNR — 0.68% 2.56% 0.00100.00% 100.00% 100.00% 100.00%Putnam Global FixedIncomeAlpha Fund S1Putnam Global FixedIncomeAlpha Fund S2Putnam GlobalHigh Yield Bond FundPutnam TotalReturn FundAAA 76.44% 74.14% 0.85% 10.56%AA 1.57% 0.78% — 0.22%A 22.79% 15.81% 4.84% 2.07%BBB 7.95% 14.36% 5.86% 6.06%BB 1.35% 8.47% 32.79% 5.54%B 0.70% 5.43% 38.40% 8.73%CCC — 3.02% 16.54% —CC — 0.32% 0.06% —D — 1.53% 0.51% —P-1* — — — 144.32%NR (10.80)% (23.86)% 0.15% (77.50)%100.00% 100.00% 100.00% 100.00%* Rated by Moody's. Moody's short-term ratings are opinions of the ability of issuers to honour short-term financial obligations. Ratings may be assigned to issuers,short-term programmes or to individual short-term debt instruments. Such obligations generally have an original maturity date not exceeding thirteen months,unless explicitly noted.162 Putnam World Trust

Notes to the Financial Statements as at 31 December 20135. Risks Associated with Financial Instruments cont.f) Credit risk cont.31 December 2012S&P/Moody’sQuality BreakdownPutnam Global FixedIncomeAlpha Fund S1Putnam Global FixedIncomeAlpha Fund S2Putnam GlobalHigh Yield Bond FundPutnam TotalReturn FundAAA 79.90% 64.94% 0.04% 9.93%AA 1.74% 1.52% — 0.26%A 14.71% 16.79% 1.97% 2.73%BAA — — — 9.93%BA — — — 3.66%BBB 6.20% 11.91% 7.18% —BB 0.67% 4.67% 32.56% —B 0.69% 4.90% 39.71% 10.23%CCC/Caa — 3.48% 16.25% 0.03%CC — 2.05% — —D — 1.81% 0.01% —Net Cash — — — 57.38%NR (3.91%) (12.07%) 2.28% 5.85%100.00% 100.00% 100.00% 100.00%Moody's employs the following designations to indicate the relative repayment ability of rated issuers:P-1: Issuers (or supporting institutions) rated Prime-1 have a superior ability to repay short-term debt obligations.P-2: Issuers (or supporting institutions) rated Prime-1 have a strong ability to repay short-term debt obligations.P-3: Issuers (or supporting institutions) rated Prime-3 have an acceptable ability to repay short-term debt obligations.NP: Issuers (or supporting institutions) rated Not Prime do not fall within any of the Prime rating categories.6. TaxationUnder current law and practice Putnam World Trust qualifies as an investment undertaking as defined in Section 739B of the Taxes ConsolidationAct, 1997, as amended. On that basis, it is not chargeable to Irish tax on its income or gains.However, Irish tax may arise on the happening of a chargeable event. A chargeable event includes any distribution payments to Unitholders orany encashment, redemption, cancellation or transfer of Units and the holding of Units at the end of each eight year period beginning with theacquisition of such Units.No Irish tax will arise on the Trust in respect of “chargeable events” in respect of:a) a Unitholder who is neither Irish resident nor ordinarily resident in Ireland for tax purposes, at the time of the chargeable event, providedappropriate valid declarations in accordance with the provisions of the Taxes Consolidation Act, 1997 (of Ireland), as amended, are held bythe Trust or the Trust has been authorised by the Irish Revenue to make gross Payments in the absence of appropriate declarations; andb) certain exempted Irish tax resident Unitholders who have provided the Trust with the necessary signed statutory declarations.Dividends, interest and capital gains (if any) received on investments made by the Trust may be subject to taxes imposed by the country fromwhich the investment income/gains are received and such taxes may not be recoverable by the Trust or its Unitholders.The Trust intends to comply with any regulations issued by the Irish government to give effect to the Ireland/U.S. Intergovernmental Agreement("IGA") (signed in December 2012) and to implement the terms of the U.S. Foreign Account Tax Compliance Act ("FATCA").Under the IGA and any related Irish regulations, Irish financial institutions (as defined under the IGA) will be required to report annually to the IrishRevenue Commissioners (commencing in 2015) details of its U.S. account holders including the name, address and taxpayer identificationnumber (TIN) and certain other details. The Trust may also be required to amend its account on-boarding procedures with effect from 1 July 2014in order to identify new U.S. account holders and report this information to the Irish Revenue. The Trust, in conjunction with assistance from itsservice providers where necessary, will endeavour to ensure that it satisfies any obligations imposed on it in relation to FATCA.Unitholders are encouraged to consult with their own tax advisors regarding the possible implications of FATCA on their interest in the Trust.Putnam World Trust 163

Notes to the Financial Statements as at 31 December 20137. FeesThe fees of the Manager, the Investment Advisor (if applicable), the Administrator and the Trustee are borne individually by each of the Funds.Trustee, transfer agent and administrator feesThe Administrator and the Trustee are each entitled to receive, out of the assets of each Fund, an annual administration fee not to exceed 0.40%of the average Net Asset Value of each Fund calculated on the last Dealing Day of each month, (plus VAT if any thereon), subject to a per-annumminimum administration fee of $70,000 assessed at the aggregate umbrella level. There is also an annual fee of $10,000 for generaladministration expenses that is pro-rated among the Funds. The Trustee shall be entitled to receive out of the assets of each Fund an annualsafekeeping fee not to exceed 0.50% of the average Net Asset Value of each Fund. The Administrator and the Trustee shall also be entitled to bepaid any transaction charges and expenses and any sub-custodian fees, which shall be at normal commercial rates. The “Average Net AssetValue” shall refer to the average monthly Net Asset Value of each Fund. The Administrator shall pay the fees of the Transfer Agent, CitibankEurope plc, out of its own fee and the Transfer Agent shall not receive a fee out of the assets of the Trust.8. Soft Commission ArrangementsDuring the year there were soft dollar transactions in the Funds. Soft dollar transactions occurred when the Investment Advisor used certaininvestment research services which assisted in the management of the Funds’ portfolio investments, which were paid for by certain brokers.These services could include, for example, research and analysis of the relative merits of individual shares or markets. In return, the InvestmentAdvisor placed a proportion of business with these brokers including transactions relating to the Fund’s investments. The Investment Advisor hassatisfied itself that it obtained best execution on behalf of the Funds and that these arrangements were to the benefit of the Funds.9. Master AgreementsEach Fund is a party to ISDA (International Swap and Derivatives Association, Inc.) Master Agreements (“Master Agreements”) with certaincounterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may containprovisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of defaultand early termination. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or othersecurities as agreed to by the Funds and the applicable counterparty. Collateral requirements are determined based on the Funds’ net positionwith each counterparty. Termination events applicable to the Funds may occur upon a decline in the Funds’ net assets below a specifiedthreshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s longtermand short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and causesettlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such earlytermination, as reasonably determined by the terminating party. Any decision by one or more of the Funds’ counterparties to elect earlytermination could impact the Funds’ future derivative activity.As of 31 December 2013, due to a decrease in the net asset value of the Putnam Global High Yield Bond Fund during the year, such counterpartieswere entitled to elect, but had not yet elected, to terminate early, and cause settlement of all outstanding derivative and foreign exchangecontracts outstanding under the applicable Master Agreements, including the payment by the Putnam Global High Yield Bond Fund of any lossesand costs resulting from such early termination, as reasonably determined by such counterparty.10. Significant Agreements and Related Party TransactionsTransactions with entities who have significant influenceThe Investment Advisor is paid by the Manager. Fees charged to the Funds by the Manager and the amount due at the period end are shown inthe Profit and Loss Account and the Balance Sheet (as part of Expenses Payable), respectively.Management feesThe Manager and the Investment Advisor are related parties under FRS 8 “Related Party Transactions”.The fees of the Manager, the Investment Advisor (if applicable), the Administrator and the Trustee are borne individually by each of the Funds.At 31 December 2013 the Manager was entitled to receive a fee out of the assets of each Fund at the annual rate below out of which the Managerwill pay the Investment Advisor a fee for the investment advisory services provided by the Investment Advisor. Such fees shall accrue daily andbe payable monthly in arrears.Management fees as of 31 December 2013 (as a % of net assets)Unit ClassesRetailInstitutionalFund A B C M T E I S YPutnam Asia Pacific (Ex-Japan) Equity Fund 1.50% 2.00% 1.75% 1.50% 1.50% 0.80% 0.80% 0.80% 0.80%Putnam Emerging Markets Equity Fund 1.75% 2.25% 2.00% 1.75% 1.75% 0.80% 0.80% 0.80% 0.80%Putnam Global Core Equity Fund 1.50% 2.00% 1.75% 1.50% 1.50% 0.80% 0.80% 0.80% 0.80%Putnam Global Fixed Income Alpha Fund S1 N/A N/A N/A N/A N/A 0.20%+ 0.20%+ 0.20%+ 0.20%+Putnam Global Fixed Income Alpha Fund S2 N/A N/A N/A N/A N/A 0.20%+ 0.20%+ 0.20%+ 0.20%+Putnam Global High Yield Bond Fund 1.35% 1.85% 1.75% 1.35% 1.35% 0.65% 0.65% 0.65% 0.65%Putnam Total Return Fund 1.50% 2.00% 1.75% 1.50% 1.50% 0.80% 0.80% 0.80% 0.80%Putnam U.S. Large Cap Growth Fund 1.50% N/A N/A 1.50% N/A N/A N/A N/A N/A+ A performance fee is payable out of those Funds marked with the symbol + above.The Manager has currently agreed to cap the non-management fee expenses at 0.30% for all Classes of Units of Putnam Asia Pacific (Ex-Japan)Equity Fund, Putnam Emerging Markets Equity Fund, Putnam Global Core Equity Fund and Putnam Total Return Fund and 0.20% for all Classesof Units of Putnam Global Fixed Income Alpha Fund S1 and Putnam Global Fixed Income Alpha Fund S2. The Manager may terminate these capsat any time. They are currently expected to continue through 30 June 2014 and may be extended at the Manager’s discretion.164 Putnam World Trust

Notes to the Financial Statements as at 31 December 201310. Significant Agreements and Related Party Transactions cont.Management fees cont.During the period ended 31 December 2013 the Manager received the following fees:Fund 31 December 2013 30 June 2013 31 December 2012PayableTo Managerat 31 December2013PayableTo Managerat 30 June 2013PayableTo Managerat 31 December2012Putnam Asia Pacific (Ex-Japan) Equity Fund $23,615 $45,059 $21,563 $8,121 $7,911 $7,597Putnam Emerging Markets Equity Fund $24,799 $48,119 $23,152 $8,516 $8,358 $8,062Putnam Global Core Equity Fund $34,074 $57,273 $26,885 $11,892 $10,685 $9,198Putnam Global Fixed Income Alpha Fund S1 £258,277 £509,919 £255,234 £90,320 £90,419 £89,367Putnam Global Fixed Income Alpha Fund S2 £330,501 £603,217 £292,649 £123,534 £122,780 £111,137Putnam Global High Yield Bond Fund $838,697 $4,204,948 $2,779,347 $263,647 $390,748 $713,216Putnam Total Return Fund $2,348,615 $3,561,422 $1,411,927 $721,232 $800,063 $549,991Putnam U.S. Large Cap Growth Fund $412,330 $662,174 $313,808 $145,023 $121,533 $105,812The Manager or Investment Advisor may from time to time voluntarily undertake to waive fees and/or reimburse certain fund expenses. Anysuch waiver or reimbursement would be voluntary and may be modified or discontinued by the Manager or Investment Advisor at any timewithout notice.During the period ended 31 December 2013 the Manager waived and/or reimbursed the following management fees:Fund 31 December 2013 30 June 2013 31 December 2012Receivablefrom Manager at31 December2013Receivablefrom Managerat 30 June 2013Receivablefrom Manager at31 December2012Putnam Asia Pacific (Ex-Japan) Equity Fund $37,550 $66,783 $35,148 $12,440 $7,213 $(10,567)Putnam Emerging Markets Equity Fund $40,333 $82,642 $35,011 $16,270 $24,296 $(11,540)Putnam Global Core Equity Fund $33,584 $76,068 $31,522 $13,352 $24,387 $(32,016)Putnam Global Fixed Income Alpha Fund S1 £6,500 £4,976 £1,561 — — £ (1,642)Putnam Global Fixed Income Alpha Fund S2 — £4,517 £2,092 — — —Putnam Global High Yield Bond Fund $1,180 — — $31 — —Putnam Total Return Fund $9,817 $84,119 $2,966 — $81,153 —Putnam U.S. Large Cap Growth Fund — — — — — —Performance fee+The Manager will be entitled to receive a Performance Fee out of the assets of Putnam Global Fixed Income Alpha Fund S1 and Putnam GlobalFixed Income Alpha Fund S2 allocated to each Class of Unit a portion of which will be payable to the Investment Advisor. The Performance Feewill be calculated on a Unit-by-Unit basis so that each Unit is charged a Performance Fee which equates precisely with that Unit’s performance.The Performance Fee will be payable to the Manager for each Class of Unit at a rate equal to 20% of the “Excess Return” (as defined in theProspectus) during the Calculation Period, if any, achieved by that Class. If the respective Class of Unit experiences no Excess Return, followingpayment of the Performance Fee in any previous period, the Manager will retain all Performance Fees previously paid for that Class of Units butno further Performance Fee will be charged until additional “Excess Return” is achieved by the relevant Class of Units. The calculation of thePerformance Fee, if any, payable to the Manager in any period, shall be subject to the verification of the Trustee. The Performance Fee shallaccrue on each Dealing Day and accordingly the Net Asset Value will be adjusted to reflect such fee. Notwithstanding the foregoing, any accruedPerformance Fee referable to Units repurchased prior to the end of the relevant period shall be retained by the Manager following suchrepurchase.During the period ended 31 December 2013 the following performance fees were earned:Fund 31 December 2013 30 June 2013 30 June 2012Putnam Global Fixed Income Alpha Fund S1 — — —Putnam Global Fixed Income Alpha Fund S2 £467,045 — £103,610Sub-investment advisorThe Investment Advisor has entered into a sub-investment advisory agreement with Putnam Investments Limited, an affiliate of The PutnamAdvisory Company, LLC. Putnam Investments Limited has its principal office at Cassini House, 57-59 St. James’s Street, London SW1A 1LD and isa company organised under the laws of England and Wales (the “Sub-investment advisor”). The Sub-investment advisor is licensed as aninvestment manager by the Financial Conduct Authority of the United Kingdom and is registered under the United States Investment AdvisersAct of 1940, as amended. The Sub-investment advisor acted as sub-investment advisor for Putnam Global High Yield Bond Fund during theperiod. The fees of the Sub-investment advisor are being paid out of the fees of the Investment Advisor.Putnam World Trust 165

Notes to the Financial Statements as at 31 December 201310. Significant Agreements and Related Party Transactions cont.Transactions with Trustee affiliateState Street Bank and Trust Company, an affiliate of the Trustee, is a major U.S. bank that may act as counterparty on securities trades for theTrust, subject to the Investment Advisor’s best execution policy. Any open over-the-counter derivatives transactions with State Street Bank andTrust Company at 31 December 2013 are listed in each Fund’s respective “Schedule of Investments”.Transactions with key management personnelProfessional feesDuring the period, the Trust incurred a fee of US$13,761 relating to legal fees provided by Dillon Eustace (30 June 2013: US$24,385; 31 December2012: US$33,777). David Dillon as a Director of the Manager had an interest in this fee in his capacity as a partner of Dillon Eustace. The Manager isnot aware of any other transactions with connected persons during the period, other than those disclosed in these financial statements.Connected Party TransactionsThe Central Bank of Ireland UCITS Notices, UCITS 14.5 – ‘Dealings by promoter, manager, trustee, investment adviser and group companies’states in paragraph one that any transaction carried out with a UCITS by a promoter, manager, trustee, investment adviser and/or associated orgroup companies of these (“connected parties”) must be carried out as if negotiated at arm’s length. Transactions must be in the best interests ofthe unitholders.The board of Directors are satisfied that there are arrangements (evidenced by written procedures) in place, to ensure that the obligations setout in paragraph one of UCITS 14.5 are applied to all transactions with connected parties; and the board is satisfied that transactions withconnected parties entered into during the period complied with the obligations set out in this paragraph.Transactions with Other Related PartiesAt 31 December 2013 Putnam Investments (Ireland) Limited has greater than 5% ownership in the following unit classes:FundPutnam Asia Pacific (Ex-Japan) Equity FundPutnam Emerging Markets Equity FundPutnam Global Core Equity FundPutnam U.S. Large Cap Growth FundUnit ClassesClasses B, C, I, M and TClasses B, C, I, M and TClasses C, I, M and TClass AAlthough not deemed to be related parties under FRS 8 “Related Party Disclosures” as they do not exercise “significant influence” over theactivities of the Trust, UCITS Notice 14 also deems a "Trustee" and its "associated or group companies" to be related parties to the Trust. As such,State Street Custodial Services (Ireland) Limited, the Trustee, and State Street Fund Services (Ireland) Limited, the Administrator, are relatedparties to the Trust. During the period, State Street Custodial Services (Ireland) Limited and State Street Fund Services (Ireland) Limited earnedfees for provision of custody and administration services to the Trust as disclosed in note 7 to the financial statements.During the period companies related to the Trustee were also selected by the Investment Manager on behalf of the Funds of the Trust to:- execute foreign currency spot and forward contracts.- accept deposits.- act as counterparty for OTC derivative transactions.Significant UnitholdersUnder FRS 8, where a Unitholder holds at least 20% of the total issued Units of an entity, the Unitholder is considered to have a significantinfluence over that entity and is accordingly deemed a related party of that entity.The following table details Funds in which Unitholders hold at least 20% of that Fund’s total Units in issue as of 31 December 2013:Fund Registered Unitholders’ Name Value of Holding % of Fund’s Net AssetsPutnam Asia Pacific (Ex-Japan) Equity Fund Putnam Investments (Ireland) Limited $ 5,119,326 98.67Putnam Emerging Markets Equity Fund Putnam Investments (Ireland) Limited $ 5,005,219 96.18Putnam Global Core Equity Fund Putnam Investments (Ireland) Limited $ 6,901,193 92.96Putnam Global Fixed Income Alpha Fund S1 Prudential Staff Pensions Limited £ 257,167,759 100.00Putnam Global Fixed Income Alpha Fund S2 Barclays Pension Funds Trustees Limited £ 157,054,985 47.36Trustees of GKN Group Pension Scheme £ 99,961,883 30.14Putnam Global High Yield Bond Fund Kas Nominees Limited $ 52,801,083 36.73Putnam Total Return Fund Citivic Nominees Limited $ 105,314,864 31.25Putnam U.S. Large Cap Growth Fund Fil Fondsbank GMBH $ 60,859,103 100.00166 Putnam World Trust

Notes to the Financial Statements as at 31 December 201310. Significant Agreements and Related Party Transactions cont.The following table details Funds in which Unitholders hold at least 20% of that Fund’s total Units in issue as of 30 June 2013:Fund Registered Unitholders’ Name Value of Holding % of Fund’s Net AssetsPutnam Asia Pacific (Ex-Japan) Equity Fund Putnam Investments (Ireland) Limited $ 4,598,362 98.66Putnam Emerging Markets Equity Fund Putnam Investments (Ireland) Limited $ 4,517,280 96.15Putnam Global Core Equity Fund Putnam Investments (Ireland) Limited $ 5,826,765 92.80Putnam Global Fixed Income Alpha Fund S1 Prudential Staff Pensions Limited £ 255,653,593 100.00Putnam Global Fixed Income Alpha Fund S2 Barclays Pension Funds Trustees Limited £ 153,690,726 47.35GKN Group Pension Scheme Trustee No 2 Limited £ 97,840,202 30.14Putnam Global High Yield Bond Fund Gjensidige Forsikring $ 81,979,468 30.54Kas Nominees Limited $ 81,253,995 30.27Putnam Total Return Fund Citivic Nominees Limited $ 93,240,780 25.61Putnam U.S. Large Cap Growth Fund Fil Fondsbank GMBH $ 47,249,324 100.00The following table details Funds in which Unitholders hold at least 20% of that Fund’s total Units in issue as of 31 December 2012:Fund Registered Unitholders’ Name Value of Holding % of Fund’s Net AssetsPutnam Asia Pacific (Ex-Japan) Equity Fund Putnam Investments (Ireland) Limited $ 4,936,190 98.37Putnam Emerging Markets Equity Fund Putnam Investments (Ireland) Limited $ 4,883,798 96.48Putnam Global Core Equity Fund Putnam Investments (Ireland) Limited $ 5,248,451 92.32Putnam Global Fixed Income Alpha Fund S1 Prudential Staff Pensions Limited £ 255,081,457 100.00Putnam Global Fixed Income Alpha Fund S2 Trustees of GKN Group Pension Scheme £ 95,972,552 32.54Barclays Pension Funds Trustees Limited £ 129,428,436 43.89Putnam Global High Yield Bond Fund Gjensidige Forsikring $ 234,194,578 45.62Seb Merchant Banking as Nominee for Lansforsakringar Liv $ 160,967,323 31.35Putnam Global Liquidity Fund* Putnam Diversified Income Trust Cayman $ 15,244,674 38.55Putnam Global Fixed Income Alpha Fund S1 $ 9,500,000 24.02Putnam Global Fixed Income Alpha Fund S2 $ 9,500,000 24.02Putnam Total Return Fund Citivic Nominees Limited $ 96,795,828 35.54Putnam U.S. Large Cap Growth Fund Fil Fondsbank GMBH $ 43,677,713 99.99* Putnam Global Liquidity Fund was liquidated on 24 June 2013 and deauthorised by the Central Bank of Ireland on 17 December 2013.11. Efficient Portfolio ManagementEach Fund utilises Financial Derivative Instruments (“FDI”) for investment purposes and/or for efficient portfolio management purposes. Inaddition to the investments in FDI set down in the Prospectus and subject to the conditions and within the limits laid down by the Central Bank,each Fund may employ techniques and instruments relating to transferable securities and money market instruments for efficient portfoliomanagement purposes. Transactions for the purposes of efficient portfolio management may be undertaken with a view to achieving a reductionin risk, a reduction in costs or an increase in capital or income returns to a Fund and may not be speculative in nature. These techniques andinstruments may include investments in FDI. New techniques and instruments may be developed which may be suitable for use by a Fund andthe Manager may employ such techniques and instruments. Techniques and instruments which relate to transferable securities and moneymarket instruments and which are used for the purpose of efficient portfolio management, including FDI which are not used for direct investmentpurposes, shall be understood as a reference to techniques and instruments which fulfil the following criteria:(a) they are economically appropriate in that they are realised in a cost-effective way;(b) they are entered into for one or more of the following specific aims:(i) reduction of risk;(ii) reduction of cost;(iii) generation of additional capital or income for the Fund with a level of risk which is consistent with the risk profile of the Fund and the riskdiversification rules set out in the UCITS Notices;(c) their risks are adequately captured by the risk management process of the Fund; and(d) they cannot result in a change to the Fund’s declared investment objectives or add supplementary risks in comparison to the general riskpolicy as described in the sales documents.Investment in FDI are subject to the conditions and limits laid down by the Central Bank.The revenues arising from efficient portfolio management techniques together with the direct and indirect operational costs and fees are notreadily identifiable and therefore are not split out separately on the face of the Profit and Loss Accounts.None of the Putnam World Trust funds track an index.Putnam World Trust 167

Notes to the Financial Statements as at 31 December 201311. Efficient Portfolio Management cont.Set out below are details of the derivatives and other efficient portfolio management techniques and instruments currently used across eachFund (which may change over time):Putnam Asia Pacific (Ex-Japan) Equity FundOptions contracts: The Fund uses options contracts to hedge against changes in values of securities it owns, owned or expects to own.Forward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk.Putnam Emerging Markets Equity FundOptions contracts: The Fund uses options contracts to hedge against changes in values of securities it owns, owned or expects to own.Forward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk.Putnam Global Core Equity FundForward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk.Putnam Global Fixed Income Alpha Fund S1Options contracts: The Fund uses options contracts to hedge duration and convexity and to isolate prepayment risk.Futures contracts: The Fund uses futures contracts to hedge interest rate risk and to gain exposure to interest rates.Forward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk and to gain exposure oncurrency.Total return swap contracts: The Fund entered into OTC total return swap contracts, which are arrangements to exchange a market linkedreturn for a periodic payment, both based on a notional principal amount, to hedge sector exposure, to manage exposure to specific sectors orindustries, to gain exposure to specific sectors or industries, to gain exposure to rates of inflation in specific regions or countries and to hedgeinflation in specific regions or countries.Interest rate swap contracts: The Fund entered into OTC and/or centrally cleared interest rate swap contracts, which are arrangementsbetween two parties to exchange cash flows based on a notional principal amount, to hedge interest rate risk and to gain exposure on interestrates.Credit default contracts: The Fund entered into OTC credit default contracts to hedge credit risk, to hedge market risk and to gain exposure onindividual names and/or baskets of securities.Repurchase Agreements: The Fund entered into repurchase agreements, which are used as short-term cash management vehicles. The interestincome earned on repurchase agreements is disclosed as part of interest income in the Profit and Loss Account. Repurchase agreements aresecured by collateral, typically U.S. government or agency securities. It is the Fund’s policy that the Custodian take possession of the underlyingcollateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all times. Inthe event of default by the counterparty, a Fund has the contractual right to liquidate the collateral securities and to apply the proceeds insatisfaction of the obligation.Putnam Global Fixed Income Alpha Fund S2Options contracts: The Fund uses options contracts to hedge duration and convexity and to isolate prepayment risk.Futures contracts: The Fund uses futures contracts to hedge interest rate risk and to gain exposure to interest rates.Forward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk and to gain exposure oncurrency.Total return swap contracts: The Fund entered into OTC total return swap contracts, which are arrangements to exchange a market linkedreturn for a periodic payment, both based on a notional principal amount, to hedge sector exposure, to manage exposure to specific sectors orindustries, to gain exposure to specific sectors or industries, to gain exposure to rates of inflation in specific regions or countries and to hedgeinflation in specific regions or countries.Interest rate swap contracts: The Fund entered into OTC and/or centrally cleared interest rate swap contracts, which are arrangementsbetween two parties to exchange cash flows based on a notional principal amount, to hedge interest rate risk and to gain exposure on interestrates.168 Putnam World Trust

Notes to the Financial Statements as at 31 December 201311. Efficient Portfolio Management cont.Putnam Global Fixed Income Alpha Fund S2 cont.Credit default contracts: The Fund entered into OTC credit default contracts to hedge credit risk, to hedge market risk and to gain exposure onindividual names and/or baskets of securities.Repurchase Agreements: The Fund entered into repurchase agreements, which are used as short-term cash management vehicles. The interestincome earned on repurchase agreements is disclosed as part of interest income in the Profit and Loss Account. Repurchase agreements aresecured by collateral, typically U.S. government or agency securities. It is the Fund’s policy that the Custodian take possession of the underlyingcollateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all times. Inthe event of default by the counterparty, a Fund has the contractual right to liquidate the collateral securities and to apply the proceeds insatisfaction of the obligation.Putnam Global High Yield Bond FundOptions contracts: The Fund uses options contracts to enhance the return on securities owned and to manage downside risks.Futures contracts: The Fund uses futures contracts to manage exposure to market risk.Forward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk.Credit default contracts: The Fund entered into OTC credit default contracts to hedge credit risk, to hedge market risk and to gain exposure onindividual names and/or baskets of securities.Repurchase Agreements: The Fund entered into repurchase agreements, which are used as short-term cash management vehicles. The interestincome earned on repurchase agreements is disclosed as part of interest income in the Profit and Loss Account. Repurchase agreements aresecured by collateral, typically U.S. government or agency securities. It is the Fund’s policy that the Custodian take possession of the underlyingcollateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all times. Inthe event of default by the counterparty, a Fund has the contractual right to liquidate the collateral securities and to apply the proceeds insatisfaction of the obligation.Putnam Total Return FundOptions contracts: The Fund uses options contracts to hedge duration and convexity, to isolate prepayment risk, to gain exposure to interestrates, to hedge against changes in values of securities it owns, owned or expects to own, to hedge prepayment risk, to generate additionalincome for the portfolio, to enhance the return on securities owned and to manage downside risks.Futures contracts: The Fund uses futures contracts to manage exposure to market risk, to hedge prepayment risk, to hedge interest rate risk, togain exposure to interest rates and to equitise cash.Forward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk and to gain exposure oncurrency.Interest rate swap contracts: The Fund entered into OTC and/or centrally cleared interest rate swap contracts, which are arrangementsbetween two parties to exchange cash flows based on a notional principal amount, to hedge interest rate risk, to gain exposure on interest ratesand to hedge prepayment risk.Total return swap contracts: The Fund entered into OTC total return swap contracts, which are arrangements to exchange a market linkedreturn for a periodic payment, both based on a notional principal amount, to hedge sector exposure, to manage exposure to specific sectors orindustries, to gain exposure to specific markets or countries and to gain exposure to specific sectors or industries.Credit default contracts: The Fund entered into OTC credit default contracts to hedge credit risk, to hedge market risk and to gain exposure onindividual names and/or baskets of securities.Repurchase Agreements: The Fund entered into repurchase agreements, which are used as short-term cash management vehicles. The interestincome earned on repurchase agreements is disclosed as part of interest income in the Profit and Loss Account. Repurchase agreements aresecured by collateral, typically U.S. government or agency securities. It is the Fund’s policy that the Custodian take possession of the underlyingcollateral securities, the fair value of which exceeds the principal amount of the repurchase transaction, including accrued interest, at all times. Inthe event of default by the counterparty, a Fund has the contractual right to liquidate the collateral securities and to apply the proceeds insatisfaction of the obligation.Putnam World Trust 169

Notes to the Financial Statements as at 31 December 201311. Efficient Portfolio Management cont.Putnam U.S. Large Cap Growth FundForward foreign exchange currency contracts: The Fund buys and sells forward currency contracts, which are agreements between twoparties to buy and sell currencies at a set price on a future date. These contracts are used to hedge foreign exchange risk and to gain exposure oncurrency.Total return swap contracts: The Fund entered into OTC total return swap contracts, which are arrangements to exchange a market linkedreturn for a periodic payment, both based on a notional principal amount, to hedge sector exposure, to manage exposure to specific sectors orindustries, to gain exposure to specific sectors or industries, to gain exposure to rates of inflation in specific regions or countries and to hedgeinflation in specific regions or countries.12. Foreign ExchangeThe exchange rates ruling at 31 December 2013 were:The exchange rates ruling at 30 June 2013 were:Currency Vs. USD Rate Vs. GBP Rate Currency Vs. USD Rate Vs. GBP RateAustralian Dollar 1.11995 1.85457 Australian Dollar 1.09343 1.66306Brazilian Real 2.35925 3.90680 Brazilian Real 2.23135 3.39377British Pound 0.60388 1.00000 British Pound 0.65748 1.00000Canadian Dollar 1.06225 1.75903 Canadian Dollar 1.05170 1.59958Chilean Peso 525.45000 870.11888 Chilean Peso 508.05000 772.71842Czech Republic Koruna 19.85935 32.88609 Czech Republic Koruna 19.98580 30.39739Danish Krone 5.42275 8.97980 Danish Krone 5.73010 8.71519Egyptian Pound 6.94855 11.50645 Egyptian Pound 7.01935 10.67608Euro 0.72690 1.20371 Euro 0.76826 1.16848Hong Kong Dollar 7.75430 12.84073 Hong Kong Dollar 7.75605 11.79656Hungarian Forint 216.07910 357.81617 Hungarian Forint 226.59320 344.63683Indian Rupee 61.85500 102.42878 Indian Rupee 59.42500 90.38243Indonesian Rupiah 12,170.00000 20,152.91041 Indonesian Rupiah 9,925.00000 15,095.42438Israeli Shekel 3.47200 5.74946 Israeli Shekel 3.63755 5.53253Japanese Yen 105.31000 174.38809 Japanese Yen 99.18000 150.84778Malaysian Ringgit 3.27550 5.42406 Malaysian Ringgit 3.15950 4.80544Mexican Peso 13.05650 21.62091 Mexican Peso 12.95745 19.70763New Zealand Dollar 1.21595 2.01356 New Zealand Dollar 1.29041 1.96264Norwegian Krone 6.06530 10.04383 Norwegian Krone 6.07435 9.23878Peruvian Nuevo Sol n/a n/a Peruvian Nuevo Sol 2.78200 4.23128Philippine Peso 44.38250 73.49520 Philippine Peso 43.20000 65.70502Polish Zloty 3.02105 5.00271 Polish Zloty 3.32270 5.05366Qatari Rial 3.64150 6.03014 Qatari Rial 3.64050 5.53702Russian Rouble 32.89100 54.46585 Russian Rouble 32.85625 49.97270Singapore Dollar 1.26195 2.08973 Singapore Dollar 1.26750 1.92780South African Rand 10.49000 17.37091 South African Rand 9.88505 15.03466South Korean Won 1,055.35000 1,747.60674 South Korean Won 1,142.05000 1,737.00044Swedish Krona 6.43185 10.65082 Swedish Krona 6.70610 10.19964Swiss Franc 0.89205 1.47719 Swiss Franc 0.94455 1.43661Taiwan Dollar 29.80350 49.35310 Taiwan Dollar 29.97100 45.58438Thailand Baht 32.86000 54.41451 Thailand Baht 31.01500 47.17225Turkish Lira 2.14900 3.55864 Turkish Lira 1.92870 2.93346United Arab Emirates Dirham 3.67300 6.08230 United Arab Emirates Dirham 3.67300 5.58645US Dollar 1.00000 1.65595 US Dollar 1.00000 1.52095170 Putnam World Trust

Notes to the Financial Statements as at 31 December 201312. Foreign Exchange cont.The exchange rates ruling at 31 December 2012 were:Currency Vs. USD Rate Vs. GBP RateAustralian Dollar 0.96297 1.56430Brazilian Real 2.04750 3.32606British Pound 0.61559 1.00000Canadian Dollar 0.99470 1.61584Chilean Peso 478.75000 777.70540Czech Republic Koruna 19.00830 30.87803Danish Krone 5.65230 9.18188Egyptian Pound 6.36000 10.33150Euro 0.75760 1.23069Hong Kong Dollar 7.75085 12.59087Hungarian Forint 220.73570 358.57409Indian Rupee 54.79000 89.00361Indonesian Rupiah 9637.50000 15655.63611Israeli Shekel 3.73525 6.06773Japanese Yen 86.63500 140.73422Malaysian Ringgit 3.05800 4.96757Mexican Peso 12.92630 20.99813New Zealand Dollar 1.21007 1.96569Norwegian Krone 5.55775 9.02829Peruvian Nuevo Sol 2.55250 4.14641Philippine Peso 41.06250 66.70397Polish Zloty 3.09515 5.02792Qatari Rial 3.64110 5.91478Russian Rouble 30.55200 49.63019Singapore Dollar 1.22155 1.98435South African Rand 8.47750 13.77127South Korean Won 1070.57500 1739.09547Swedish Krona 6.50315 10.56404Swiss Franc 0.91465 1.48580Taiwan Dollar 29.03900 47.17240Thailand Baht 30.59000 49.69192Turkish Lira 1.78395 2.89794United Arab Emirates Dirham 3.67300 5.96660US Dollar 1.00000 1.6244513. Significant Events during the PeriodNew Key Investor Information Documents, dated 1 August 2013, for Class B Units in Putnam Asia Pacific (Ex-Japan) Equity Fund, PutnamEmerging Markets Equity Fund, Putnam Global Core Equity Fund, Putnam Global High Yield Bond Fund and Putnam Total Return Fund werefiled with the Central Bank and in the other pertinent jurisdictions where the Funds are registered.Mr. Joseph T. Phoenix resigned as a Director of the Manager on 31 December 2013.14. Subsequent EventsThere have been no significant events to report since the period end.15. Availability of Portfolio InformationUnitholders may obtain information about certain Funds’ portfolio holdings from time to time by contacting the Manager. Portfolio holdingsinformation will only be provided for legitimate purposes as determined by the Manager, and will be subject to a reasonable delay intended toprotect the Funds. Unitholders may also request information about each Fund's management team and other relevant information relating to theTrust.16. Approval of the Financial StatementsThe Financial Statements were approved by the Directors of the Manager on 18 February 2014.Putnam World Trust 171

Putnam Asia Pacific (Ex-Japan) Equity Fund Putnam Emerging Markets Equity FundSchedule of Portfolio Changes (unaudited)Schedule of Portfolio Changes (unaudited)for the period ended 31 December 2013 for the period ended 31 December 2013Largest PurchasesLargest PurchasesPrincipal Amounts Cost USD Principal Amounts Cost USD4,000 United Overseas Bank Limited 67,774 3,522 MTN Group Limited 66,4261,711 Wesfarmers Limited 66,196 5,241 Housing Development Finance Corporated 66,043215 LG Chem Limited 60,779 191 LG Chem Limited 53,9204,152 iShares MSCI Taiwan ETF 59,820 3,601 iShares MSCI Taiwan ETF 51,8902,135 Westpac Banking Corporation 59,457 7,580 Hanwha Life Insurance Company Limited 50,3468,120 Hanwha Life Insurance Company Limited 53,935 20,000 China Resources Gas Group Limited 48,07022,000 China Resources Gas Group Limited 53,018 367,400 Metro Pacific Investments Corporation 45,97718,683 David Jones Limited 52,516 1,875 Aspen Pharmacare Holdings Limited 42,7655,474 Bank of Queensland Limited 47,239 12,200 China Pacific Insurance Group Company Limited 42,580366,800 Metro Pacific Investments Corporation 45,897 29,000 Cathay Financial Holding Company Limited 41,99631,000 Cathay Financial Holding Company Limited 44,885 3,328 Powszechna Kasa Oszczednosci Bank Polski SA 41,5815,000 Wharf Holdings Limited 43,728 935 Cia Brasileira de Distribuicao Grupo Pao de Acucar 41,13012,400 China Pacific Insurance Group Company Limited 43,277 13,819 Alsea SAB de CV 38,20388,000 China Telecom Corporation Limited 41,865 80,000 China Telecom Corporated Limited 38,05963,000 Inotera Memories Incorporated 41,626 1,071 Embraer SA 37,8111,088,000 Bekasi Fajar Industrial Estate TBK PT 41,432 11,000 Taiwan Semiconductor Manufacturing Company Limited 36,99741,000 Advanced Semiconductor Engineering Incorporated 40,666 55,000 Inotera Memories Incorporated 36,422181 GS Home Shopping Incorporated 40,212 4,652 Woolworths Holdings Limited 36,39386 NAVER Corporation 39,941 482 Holcim Limited 35,63331,000 Pegatron Corporation 38,540 54,500 China ZhengTong Auto Services Holdings Limited 35,515Largest SalesLargest SalesNo. of Shares Proceeds USD No. of Shares Proceeds USD37,353 Hon Hai Precision Industry Company Limited 93,673 31,353 Hon Hai Precision Industry Company Limited 78,660168,000 Beijing Enterprises Water Group Limited 77,684 150,000 Beijing Enterprises Water Group Limited 68,18810,800 Sands China Limited 71,565 300,000 Telekomunikasi Indonesia Persero TBK PT 55,1131,994 Woolworths Limited 64,693 12,697 Turk Hava Yollari 49,110320,000 Telekomunikasi Indonesia Persero TBK PT 58,609 19,000 CIMB Group Holdings BHD 48,46820,200 CIMB Group Holdings Bhd 51,747 8,644 Tata Motors Limited 47,94344,900 Bangkok Expressway PCL 49,922 1,577 Grupo Televisa SAB 43,2436,000 Asustek Computer Incorporated 48,713 4,223 Mobile Telesystems OJSC 42,4359,300 Siam Commercial Bank PCL 46,619 80,000 China Telecom Corporation Limited 41,71488,000 China Telecom Corporation Limited 45,885 682 Hotel Shilla Company Limited 40,46918,700 AMMB Holdings BHD 44,826 5,000 Asustek Computer Incorporated 40,3832,942 Hollysys Automation Technologies Limited 42,783 1,180 Samsung Card Company Limited 40,0981,271 Changyou.com Limited 42,151 367,400 Metro Pacific Investments Corporation 39,07168,000 China Lesso Group Holdings Limited 42,065 63,000 China Lesso Group Holdings Limited 38,8701,230 Samsung Card Company Limited 41,711 4,235 Hypermarcas SA 37,95415,720 Westfield Retail Trust 41,568 1,998 Shoprite Holdings Limited 37,198824 Coway Company Limited 41,385 7,665 Cairn India Limited 37,136689 Hotel Shilla Company Limited 40,698 6,000 Sands China Limited 37,0968,000 UOL Group Limited 40,498 1,102 Changyou.com Limited 36,421366,800 Metro Pacific Investments Corporation 39,094 32,600 Bangkok Expressway PCL 36,246172 Putnam World Trust

Putnam Global Core Equity FundPutnam Global Fixed Income Alpha Fund S1Schedule of Portfolio Changes (unaudited)Schedule of Portfolio Changes (unaudited)for the period ended 31 December 2013 for the period ended 31 December 2013Largest PurchasesLargest PurchasesPrincipal Amounts Cost USD Principal Amounts Cost GBP2,415 Facebook Incorporated 89,515 738,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 504,410,18946,694 Hibernia REIT PLC 70,731 324,000,000 Federal National Mortgage Association (TBA) 3.50% 01/12/2099 215,529,52414,000 Toshiba Corporation 59,507 250,000,000 Federal National Mortgage Association (TBA) 3.50% 01/09/2041 161,513,6682,000 Olympus Corporation 57,416 222,000,000 Federal National Mortgage Association (TBA) 4.50% 01/12/2099 154,129,63911,462 Unipol Gruppo Finanziario SpA 50,714 232,000,000 Federal National Mortgage Association (TBA) 3.50% 01/08/2099 153,983,2954,644 Atresmedia Corporation de Medios de Comunicaion S.A. 50,111 196,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 133,431,73935,817 Banco Espirito Santo SA 47,095 133,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 85,613,3592,700 Applied Materials Incorporated 46,570 120,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 76,291,3763,300 Sekisui House Limited 45,575 98,000,000 Federal National Mortgage Association (TBA) 4.50% 01/08/2099 68,431,7291,189 Numericable Group 45,121 98,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 64,874,7511,445 Carlyle Group LP 44,777 86,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 53,456,4391,637 RE/MAX Holdings Incorporated 44,101 78,000,000 Federal National Mortgage Association (TBA) 3.50% 01/10/2042 49,646,698839 Lam Research Corporation 42,785 63,000,000 Federal National Mortgage Association 3.50% 01/08/2043 42,189,2745,142 Britvic PLC 42,065 68,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 40,917,375344 Tesla Motors Incorporated 41,356 58,000,000 Government National Mortgage Association II (TBA) 4.00% 01/12/2099 38,510,750346 Howard Hughes Corporation 40,292 52,000,000 Federal National Mortgage Association 3.50% 01/12/2099 32,287,98014,000 Alcatel-Lucent 39,737 50,000,000 Government National Mortgage Association II (TBA) 3.00% 20/12/2099 31,909,412387 Wacker Chemie AG 39,602 50,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 30,911,8011,500 Electronic Arts Incorporated 37,948 50,000,000 Government National Mortgage Association II 3.00% 01/12/2099 30,771,8881,621 Tronox Limited 36,770 50,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 30,266,260Largest SalesLargest SalesNo. of Shares Proceeds USD No. of Shares Proceeds GBP2,821 JPMorgan Chase & Company 151,330 548,000,000 Federal National Mortgage Association (TBA) 3.50% 01/12/2099 364,953,8033,300 Japan Tobacco Incorporated 116,110 444,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 302,657,7937,700 Bank of America Corporation 110,767 369,000,000 Federal National Mortgage Association (TBA) 4.50% 01/12/2099 257,239,1431,800 Lowe's Companies Incorporated 86,355 250,000,000 Federal National Mortgage Association (TBA) 3.50% 01/09/2041 160,975,6891,251 Aetna Incorporated 82,445 232,000,000 Federal National Mortgage Association (TBA) 3.50% 01/08/2099 153,624,1071,068 UnitedHealth Group Incorporated 77,428 196,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 133,737,147154 Apple Incorporated 71,998 120,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 76,294,2771,392 eBay Incorporated 70,834 98,000,000 Federal National Mortgage Association (TBA) 4.50% 01/08/2099 68,260,363938 Noble Energy Incorporated 67,631 98,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 64,765,76014,000 Toshiba Corporation 66,691 86,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 53,440,102791 Honeywell International Incorporated 65,603 78,000,000 Federal National Mortgage Association (TBA) 3.50% 01/10/2042 49,622,258620 Monsanto Company 64,694 74,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 47,353,4092,900 HD Supply Holdings Incorporated 61,047 63,000,000 Federal National Mortgage Association 3.50% 01/08/2043 42,057,429528 Sanofi 54,665 68,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 40,988,226965 SanDisk Corporation 54,300 58,000,000 Government National Mortgage Association II (TBA) 4.00% 01/12/2099 38,510,7501,256 Marsh & McLennan Companies Incorporated 52,516 52,000,000 Federal National Mortgage Association 3.50% 01/12/2099 32,288,174675 Aon PLC 45,821 50,000,000 Government National Mortgage Association II (TBA) 3.00% 20/12/2099 32,048,360851 Luxottica Group SpA 43,830 50,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 30,935,0311,200 Bridgestone Corporation 43,774 50,000,000 Government National Mortgage Association II 3.00% 01/12/2099 30,771,888209 Sherwin-Williams Company 39,427 50,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 30,547,177Putnam World Trust 173

Putnam Global Fixed Income Alpha Fund S2 Putnam Global High Yield Bond FundSchedule of Portfolio Changes (unaudited)Schedule of Portfolio Changes (unaudited)for the period ended 31 December 2013 for the period ended 31 December 2013Largest PurchasesLargest PurchasesPrincipal Amounts Cost GBP Principal Amounts Cost USD840,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 573,088,779 860,000 AA Bond Company Limited 9.50% 31/07/2043 1,523,301718,000,000 Federal National Mortgage Association (TBA) 3.50% 01/09/2041 463,933,920 730,000 Phosphorus Holdco PLC 10.00% 01/04/2019 1,154,438531,000,000 Federal National Mortgage Association (TBA) 3.50% 01/12/2099 353,435,667 1,120,000 Linn Energy LLC 6.50% 15/05/2019 1,140,973512,000,000 Federal National Mortgage Association (TBA) 3.50% 01/08/2099 339,971,744 650,000 AA PIK Company Limited 9.50% 07/11/2019 1,050,011367,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 237,019,134 970,000 Sprint Corporation 7.88% 15/09/2023 998,196346,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 229,269,138 935,000 Sprint Corporation 7.25% 15/09/2021 991,312334,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 212,275,404 840,000 First Data Corporation 12.63% 15/01/2021 941,323288,000,000 Federal National Mortgage Association (TBA) 4.50% 01/12/2099 199,304,540 835,000 First Data Corporation 11.75% 15/08/2021 869,446282,000,000 Federal National Mortgage Association (TBA) 3.50% 01/10/2042 179,012,487 630,000 Schaeffler Holding Finance BV 6.88% 15/08/2018 839,588272,000,000 Government National Mortgage Association II 4.00% 20/12/2099 175,330,346 710,000 Ashtead Capital Incorporated 6.50% 15/07/2022 775,829282,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 175,290,949 565,726 Wind Acquisition Holdings Finance SA 12.25% 15/07/2017 772,795280,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 167,617,593 750,000 Whiting Petroleum Corporation 5.75% 15/03/2021 762,824222,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 151,022,618 735,000 MetroPCS Wireless Incorporated 6.25% 01/04/2021 761,465228,000,000 Federal National Mortgage Association 3.50% 01/12/2099 141,248,662 690,000 INEOS Group Holdings SA 6.13% 15/08/2018 719,265184,000,000 Government National Mortgage Association II (TBA) 4.00% 01/12/2099 117,697,390 740,000 CCO Holdings LLC 5.25% 30/09/2022 702,845170,000,000 Government National Mortgage Association II (TBA) 3.00% 20/12/2099 108,268,277 475,000 Ardagh Packaging Finance PLC 9.25% 15/10/2020 696,224156,000,000 Federal National Mortgage Association (TBA) 4.50% 01/09/2041 105,694,547 485,000 Trionista TopCo GmbH 6.88% 30/04/2021 693,318170,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 105,100,125 600,000 First Data Corporation 11.25% 15/01/2021 657,563170,000,000 Government National Mortgage Association II 3.00% 01/12/2099 104,701,355 600,000 CBRE Services Incorporated 6.63% 15/10/2020 655,292170,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 102,905,284 605,000 Momentive Performance Materials Incorporated 8.88% 15/10/2020 648,158Largest SalesLargest SalesNo. of Shares Proceeds GBP No. of Shares Proceeds USD886,000,000 Federal National Mortgage Association (TBA) 3.50% 01/12/2099 590,539,847 1,490,000 Barclays Bank PLC 4.88% 31/12/2049 1,914,089718,000,000 Federal National Mortgage Association (TBA) 3.50% 01/09/2041 463,254,507 1,100,000 Unitymedia KabelBW GmbH 9.50% 15/03/2021 1,712,042570,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 387,611,548 1,024,365 ARD Finance SA 11.13% 01/06/2018 1,480,243512,000,000 Federal National Mortgage Association (TBA) 3.50% 01/08/2099 339,135,430 880,000 Matalan Finance PLC 9.63% 31/03/2017 1,394,963426,000,000 Federal National Mortgage Association (TBA) 4.50% 01/12/2099 296,425,248 885,000 KION Finance SA 7.88% 15/04/2018 1,285,123346,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 228,427,400 755,000 Numericable Finance & Company SCA 12.38% 15/02/2019 1,246,959334,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 212,292,808 1,250,000 RBS Capital Trust III 1.00% 29/09/2049 1,175,172282,000,000 Federal National Mortgage Association (TBA) 3.50% 01/10/2042 178,884,179 750,000 Techem Energy Metering Service GmbH & Company KG282,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 175,103,078 7.88% 01/10/2020 1,150,081272,000,000 Government National Mortgage Association II 4.00% 20/12/2099 174,956,270 500,000 Lloyds Bank PLC 13.00% 31/12/2049 1,134,913280,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 167,989,564 800,000 Trionista TopCo GmbH 6.88% 30/04/2021 1,134,384222,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 151,284,396 620,000 AA Bond Company Limited 9.50% 31/07/2043 1,123,800228,000,000 Federal National Mortgage Association 3.50% 01/12/2099 141,248,662 750,000 UPC Holding BV 8.38% 15/08/2020 1,113,318212,000,000 Federal National Mortgage Association (TBA) 3.00% 01/12/2099 136,514,170 947,114 CityCenter Holdings LLC 10.75% 15/01/2017 1,045,956170,000,000 Government National Mortgage Association II (TBA) 3.00% 20/12/2099 109,101,966 1,000,000 YCC Holdings LLC 10.25% 15/02/2016 1,037,288156,000,000 Federal National Mortgage Association (TBA) 4.50% 01/09/2041 106,130,244 900,000 Offshore Group Investment Limited 7.50% 01/11/2019 978,562170,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 105,179,104 835,000 ConvaTec Healthcare E SA 10.50% 15/12/2018 966,322170,000,000 Government National Mortgage Association II 3.00% 01/12/2099 104,701,355 850,000 First Data Corporation 12.63% 15/01/2021 961,830170,000,000 Government National Mortgage Association II (TBA) 3.00% 01/12/2099 103,860,401 920,000 New Academy Finance Company LLC 8.00% 15/06/2018 960,409168,000,000 Government National Mortgage Association II 3.00% 01/12/2099 101,949,577 850,000 HCA Incorporated 6.50% 15/02/2020 954,2971,000,000 Linn Energy LLC 6.25% 01/11/2019 953,735174 Putnam World Trust

Putnam Total Return FundPutnam U.S. Large Cap Growth FundSchedule of Portfolio Changes (unaudited)Schedule of Portfolio Changes (unaudited)for the period ended 31 December 2013 for the period ended 31 December 2013Largest PurchasesLargest PurchasesPrincipal Amounts Cost USD Principal Amounts Cost USD12,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,596,039 758 Google Incorporated 696,84312,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,586,615 4,199 Union Pacific Corporation 668,04812,000,000 Federal National Mortgage Association (TBA) 4.00% 01/10/2041 12,458,016 10,378 Gilead Sciences Incorporated 662,54112,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,408,221 8,755 CVS Caremark Corporation 525,81212,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,405,839 6,717 Home Depot Incorporated 525,27412,000,000 U.S. Treasury Bill 0.01% 19/12/2013 11,999,850 6,555 Liberty Global PLC 508,44910,000,000 U.S. Treasury Bill 0.01% 05/12/2013 9,999,925 11,299 Marriott International Incorporated 473,34710,000,000 U.S. Treasury Bill 0.01% 16/01/2014 9,999,899 6,131 Brown-Forman Corporation 443,45210,000,000 U.S. Treasury Bill 0.01% 02/01/2014 9,999,831 9,014 Comcast Corporation 430,37410,000,000 Federal Home Loan Discount Note 0.01% 13/12/2013 9,998,133 2,559 EOG Resources Incorporated 416,81510,000,000 U.S. Treasury Bill 0.01% 27/02/2014 9,998,067 5,581 Western Digital Corporation 391,74110,000,000 U.S. Treasury Bill 0.01% 13/02/2014 9,996,497 5,164 Viacom Incorporated 389,64010,000,000 U.S. Treasury Bill 0.01% 15/05/2014 9,996,199 5,771 Express Scripts Holding Company 382,08310,000,000 U.S. Treasury Bill 0.01% 08/05/2014 9,996,100 14,902 Electronic Arts Incorporated 381,50810,000,000 U.S. Treasury Bill 0.01% 06/02/2014 9,995,156 8,348 Facebook Incorporated 353,66810,000,000 U.S. Treasury Bill 0.01% 01/05/2014 9,994,156 6,455 Ctrip.com International Limited 344,36410,000,000 U.S. Treasury Bill 0.01% 29/05/2014 9,993,485 3,053 Siemens AG 339,08910,000,000 U.S. Treasury Bill 0.01% 03/04/2014 9,993,114 19,324 Applied Materials Incorporated 335,24210,000,000 U.S. Treasury Bill 0.01% 18/09/2014 9,991,331 13,043 Chemtura Corporation 334,42010,000,000 U.S. Treasury Bill 0.01% 24/07/2014 9,989,948 11,350 QEP Resources Incorporated 333,985Largest SalesLargest SalesNo. of Shares Proceeds USD No. of Shares Proceeds USD12,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,624,945 12,433 Covidien PLC 796,48712,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,573,021 1,576 Apple Incorporated 726,13112,000,000 Federal National Mortgage Association (TBA) 4.00% 01/10/2041 12,524,930 10,859 QUALCOMM Incorporated 702,11612,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,448,979 11,134 Lam Research Corporation 571,27512,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,432,049 7,950 UnitedHealth Group Incorporated 568,53112,000,000 Federal National Mortgage Association (TBA) 4.00% 01/12/2099 12,400,917 10,495 Lowe's Companies Incorporated 520,35112,000,000 U.S. Treasury Bill 0.01% 24/10/2013 12,000,028 6,680 Liberty Global PLC 492,25010,000,000 U.S. Treasury Bill 0.01% 27/02/2014 9,998,749 5,704 PepsiCo Incorporated 477,02610,000,000 U.S. Treasury Bill 0.01% 13/02/2014 9,998,507 7,291 Aetna Incorporated 469,8698,000,000 Federal National Mortgage Association (TBA) 6.00% 01/12/2099 8,797,552 13,100 Japan Tobacco Incorporated 464,1638,000,000 Federal National Mortgage Association (TBA) 6.00% 01/12/2099 8,770,375 8,184 Cameron International Corporation 463,8986,000,000 Federal National Mortgage Association (TBA) 6.00% 01/09/2041 6,574,438 10,264 Johnson Controls Incorporated 460,0846,000,000 Federal National Mortgage Association (TBA) 6.00% 01/10/2041 6,568,453 9,239 Citigroup Incorporated 453,6066,000,000 Federal National Mortgage Association (TBA) 6.00% 01/12/2099 6,554,750 7,510 SanDisk Corporation 449,97312,217 Apple Incorporated 5,941,355 13,682 Yahoo! Incorporated 449,7175,000,000 U.S. Treasury Bill 0.01% 07/11/2013 4,999,947 18,421 EMC Corporation 444,3145,000,000 U.S. Treasury Bill 0.01% 19/12/2013 4,999,883 5,164 Viacom Incorporated 426,1945,000,000 Federal Farm Credit Bank Discount Note 0.01% 27/11/2013 4,999,854 3,927 FedEx Corporation 415,7505,000,000 U.S. Treasury Bill 0.01% 14/11/2013 4,999,821 7,088 Celanese Corporation 372,6434,000,000 Federal National Mortgage Association Discount Note 3.50%01/12/2099 4,229,892392 priceline.com Incorporated 372,140Putnam World Trust 175

Important Information for Investors in GermanyThis Report includes, inter alia, information in relation to Putnam Asia Pacific (Ex-Japan) Equity Fund, Putnam Emerging Markets EquityFund and Putnam Global Core Equity Fund. These Funds have not been registered for distribution with the German Financial Regulator(the BaFin) pursuant to section 310 of the German Capital Investment Act (nor does their distribution benefit from the transitional rulesunder section 355 German Capital Investment Act) and units in those Funds will not be marketed to investors within Germany.1. J.P. Morgan AG, Junghofstraße 14, 60311 Frankfurt am Main, Germany has assumed the function of the Paying and Information Agent in theFederal Republic of Germany (“Paying Agent”).2. Exchange requests for Units (which may be distributed in Germany) and redemption requests for the Units can be submitted to the PayingAgent. Upon request, the redemption proceeds, distributions or other payments, if any, to the Unitholders are paid via the Paying Agent.3. The following documents can be obtained free of charge, in electronic format and/or hard copy at the offices of the Paying Agent;(a) Prospectus;(b) Most recent Key Investor Information Documents;(c) Semi-Annual and Annual Reports;(d) The Trust Deed pursuant to which the Trustee acts as trustee to the Trust and its Funds;(e) Investment Advisory Agreement dated 18 February, 2000, as novated and amended and as may be amended and restated fromtime to time, between the Manager and the Investment Advisor pursuant to which the Investment Advisor will manage theinvestment, realisation and re-investment of the assets of the Trust on a fully discretionary basis;(f) Administration Agreement dated 29 June, 2007, and as may be amended and restated from time to time, pursuant to which theAdministrator will act as administrator to the Trust;(g) Transfer Agency Agreement dated 17 October, 2003 as amended and novated and as may be amended and restated from timeto time, pursuant to which the Transfer Agent was appointed to act as transfer agent to the Trust; and(h) Distribution Agreement dated 28 November, 2000 and as may be amended and restated from time to time, between theManager and Putnam Investments Limited, a corporation registered under the laws of England and Wales pursuant to whichPutnam Investments Limited was appointed as Distributor;Further Unitholder information, if any, is available at the Paying Agent.4. The Net Asset Value per Unit of each Fund, the purchase and redemption prices as well as the interim profit and the aggregate amount ofincome deemed to be received by the holder for the foreign investment units are available on any Business Day at the offices of the PayingAgent.5. The purchase and redemption prices and the interim profit of each Fund shall be published on www.putnam.com/ucits. Further informationfor investors, if any, shall be sent to Uniholders by way of letters.In the following cases, in addition to the provision of the information to investors in Germany by way of letters, the information will also bepublished on www.putnam.com/ucits:(a) any suspension of the redemption of an investment undertaking’s units;(b) any termination of an investment undertaking’s management or the liquidation of an investment undertaking;(c) amendments to the Fund rules that are inconsistent with existing investment principles, affect material investor rights, or relate toremuneration or the reimbursement of expenses that may be taken out of the investment undertaking’s assets, including the reasonsfor the amendments and the rights of investors, the information must be communicated in an easily understandable form and mannerand must indicate where and how further information may be obtained;(d) the merger of investment undertakings in the form of information on the proposed merger, which must be drawn up in accordancewith Article 43 of Directive 2009/65/EC; and(e)the conversion of an investment undertaking into a feeder fund or any change to a master fund in the form of information, which mustbe drawn up in accordance with Article 64 of Directive 2009/65/EC.176 Putnam World Trust

OrganisationManager:Representative and Paying Agent in Switzerland*:Putnam Investments (Ireland) Limited®BNP Paribas Securities Services, ParisSuccursale de ZurichRegistered Office of the Manager: Selnaustrasse 16Citibank Europe plcCH-8002 Zurich1 North Wall Quay SwitzerlandDublin 1IrelandDirectors of the Manager: Graben 21David Dillon (Ireland) (Non-Executive Director) A-1010 WienF. Peter Ferrelli (U.S.) AustriaSusan G. Malloy (U.S.)Paying and Information Agent in Austria:Erste Bank der Oesterreichischen Sparkassen AGJoseph T. Phoenix (U.S.) *Resigned on 31 December 2013Paying and Information Agent in Germany*:Stephen J. Tate (U.S.)J.P. Morgan AGKeith E. Thomas (U.K.) Junghofstrasse 14Wyndham Williams (Ireland) (Independent non-Executive Director)D-60311 Frankfurt am MainGermanyInvestment Advisor:The Putnam Advisory Company, LLCOne Post Office SquareBoston, Massachusetts 02109United States of AmericaPaying and Information Agent in Sweden:SKANDINAVISKA ENSKILDA BANKEN ABSEB Merchant BankingSecurities ServicesGlobal Funds, RA6Custodian and Trustee: Rissenleden 110State Street Custodial Services (Ireland) Limited SE-106 40 Stockholm78 Sir John Rogerson’s Quay SwedenDublin 2IrelandRepresentative in Denmark:Nordea Bank Danmark A/SAdministrator: Strandgade 3State Street Fund Services (Ireland) LimitedDK-0900 Copenhagen C78 Sir John Rogerson’s Quay DenmarkDublin 2IrelandTransfer Agent:Citibank Europe plc1 North Wall QuayDublin 1IrelandIndependent Auditors:PricewaterhouseCoopersChartered Accountants and Registered AuditorsOne Spencer DockNorth Wall QuayDublin 1IrelandLegal Advisors:Dillon Eustace33 Sir John Rogerson’s QuayDublin 2Ireland* The management regulations, the Prospectus, the Key Investor Information Documents, the unaudited semi-annual reports, as well as the audited annual reports,can be obtained free of charge from the paying agent and information office in Germany and from the Representative and Paying Agent in Switzerland. A copy ofthe list of changes in the portfolio during the reference period may be obtained free of charge at the custodian or paying agents, at the paying and informationagent in Germany, and at the Representative and Paying Agent in Switzerland.Putnam World Trust 177

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Putnam Investments (Ireland) Limited®1 North Wall QuayDublin 1IrelandAuthorised and regulatedby the Central Bank of Ireland.Putnam Investments Limited®Cassini House57-59 St. James’s StreetLondon SW1A1LDUnited KingdomTel: +44 (0)20-7907-8200Authorised and regulatedby the Financial Conduct Authority.Putnam Investments Limited®Niederlassung DeutschlandSiemensstrasse 8D-63263 Neu-IsenburgGermanyTel: +49 (0)6102 56059-0For activities carried out in Germany,the German branch of PutnamInvestments Limited is also subject tolimited regulatory supervision by theGerman Federal Financial SupervisoryAuthority (Bundesanstalt fürFinanzdienstleistungsaufsicht – BaFin).www.putnam.com/ucitsThis website is not intended for use by investors in certain jurisdictions. Please refer to the Prospectus.EU030 285370 12/30/13

English - World Trust Semi-Annual Report - Putnam Investments

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