N-Q 1 a_moneymarketfund.htm PUTNAM MONEY MARKET FUND a_moneymarketfund.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY




Investment Company Act file number: (811-02608)
Exact name of registrant as specified in charter: Putnam Money Market Fund
Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109
Name and address of agent for service: Robert T. Burns, Vice President
One Post Office Square
Boston, Massachusetts 02109
Copy to:         Bryan Chegwidden, Esq.
Ropes & Gray LLP
1211 Avenue of the Americas
New York, New York 10036
Registrant’s telephone number, including area code: (617) 292-1000
Date of fiscal year end: September 30, 2015
Date of reporting period: June 30, 2015



Item 1. Schedule of Investments:














Putnam Money Market Fund

The fund's portfolio
6/30/15 (Unaudited)
REPURCHASE AGREEMENTS (23.7%)(a)
Principal amount Value

Interest in $329,000,000 joint tri-party repurchase agreement dated 6/30/15 with Citigroup Global Markets, Inc. due 7/1/15 - maturity value of $97,000,323 for an effective yield of 0.120% (collateralized by various mortgage backed securities with coupon rates ranging from 2.250% to 8.000% and due dates ranging from 6/15/18 to 5/15/45, valued at $335,580,000) $97,000,000 $97,000,000
Interest in $416,015,000 joint tri-party repurchase agreement dated 6/30/15 with Merrill Lynch, Pierce, Fenner and Smith, Inc. due 7/1/15 - maturity value of $97,015,296 for an effective yield of 0.110% (collateralized by various mortgage backed securities with coupon rates ranging from zero % to 3.500% and due dates ranging from 9/1/43 to 5/1/45, valued at $424,335,301) 97,015,000 97,015,000
Interest in $100,000,000 tri-party repurchase agreement dated 6/30/15 with Goldman, Sachs & Co. due 7/1/15 - maturity value of $100,000,361 for an effective yield of 0.130% (collateralized by various mortgage backed securities with coupon rates ranging from 3.000% to 4.000% and due dates ranging from 8/1/42 to 7/1/45, valued at $102,000,000) 100,000,000 100,000,000

Total repurchase agreements (cost $294,015,000) $294,015,000

COMMERCIAL PAPER (22.0%)(a)
Yield (%) Maturity date Principal amount Value

ABN AMRO Funding USA, LLC 144A 0.210 8/7/15 $6,000,000 $5,998,705
American Honda Finance Corp. 0.140 8/6/15 11,900,000 11,898,334
Australia & New Zealand Banking Group, Ltd. 144A (Australia) 0.280 10/29/15 15,325,000 15,310,697
Bank of Tokyo-Mitsubishi UFJ, Ltd./New York, NY (Japan) 0.240 7/28/15 7,700,000 7,698,614
BMW US Capital, LLC 0.130 7/13/15 6,000,000 5,999,740
BNP Paribas SA/New York, NY (France) 0.170 7/6/15 5,925,000 5,924,860
BPCE SA 144A (France) 0.125 7/10/15 6,000,000 5,999,813
Chevron Corp. 0.130 8/10/15 3,000,000 2,999,567
Coca-Cola Co. (The) 0.200 7/21/15 7,700,000 7,699,144
Coca-Cola Co. (The) 0.160 9/10/15 1,000,000 999,684
Coca-Cola Co. (The) 0.150 8/24/15 8,600,000 8,598,065
Commonwealth Bank of Australia 144A (Australia) 0.299 11/9/15 11,700,000 11,700,005
Commonwealth Bank of Australia 144A (Australia) 0.297 3/24/16 6,450,000 6,450,000
DnB Bank ASA 144A (Norway) 0.280 8/5/15 6,175,000 6,173,319
DnB Bank ASA 144A (Norway) 0.240 9/21/15 11,850,000 11,843,522
Export Development Canada (Canada) 0.120 8/18/15 11,800,000 11,798,112
HSBC Bank PLC 144A (United Kingdom) 0.274 10/2/15 4,000,000 4,000,000
National Australia Bank, Ltd. (Australia) 0.209 7/6/15 3,450,000 3,449,900
National Bank of Canada 144A (Canada) 0.210 7/23/15 7,400,000 7,399,050
Nestle Capital Corp. 0.170 8/10/15 12,725,000 12,722,596
Nestle Finance International, Ltd. (Switzerland) 0.190 8/20/15 5,225,000 5,223,621
Prudential PLC (United Kingdom) 0.160 8/12/15 12,000,000 11,997,760
Prudential PLC 144A (United Kingdom) 0.170 8/18/15 400,000 399,909
Roche Holdings, Inc. (Switzerland) 0.120 7/13/15 12,675,000 12,674,493
Roche Holdings, Inc. (Switzerland) 0.120 7/7/15 5,275,000 5,274,895
Simon Property Group LP 0.170 8/25/15 6,000,000 5,998,442
Simon Property Group LP 0.170 8/21/15 3,000,000 2,999,278
Simon Property Group LP 144A 0.200 9/9/15 3,064,000 3,062,808
Skandinaviska Enskilda Banken AB (Sweden) 0.210 9/10/15 2,365,000 2,364,021
State Street Corp. 0.200 9/16/15 17,750,000 17,742,407
Sumitomo Mitsui Banking Corp. (Japan) 0.341 9/25/15 17,875,000 17,860,482
Swedbank AB (Sweden) 0.230 9/9/15 11,800,000 11,794,723
Toronto-Dominion Holdings USA, Inc. 144A (Canada) 0.130 7/10/15 3,475,000 3,474,887
Toyota Motor Credit Corp. 0.180 7/9/15 17,750,000 17,749,290

Total commercial paper (cost $273,280,743) $273,280,743

ASSET-BACKED COMMERCIAL PAPER (14.8%)(a)
Yield (%) Maturity date Principal amount Value

Alpine Securitization Corp. (Switzerland) 0.230 8/3/15 $5,850,000 $5,848,767
Bedford Row Funding Corp. 144A 0.263 7/9/15 16,750,000 16,750,000
CAFCO, LLC 144A 0.170 8/25/15 5,925,000 5,923,461
Chariot Funding, LLC 0.170 8/25/15 7,525,000 7,523,046
Chariot Funding, LLC 144A 0.190 8/13/15 5,200,000 5,198,820
CIESCO, LLC 0.150 8/6/15 5,850,000 5,849,123
Collateralized Commercial Paper Co., LLC 0.250 9/14/15 9,450,000 9,445,078
CRC Funding, LLC 0.170 8/28/15 5,900,000 5,898,384
Fairway Finance, LLC 144A (Canada) 0.250 8/17/15 8,150,000 8,147,340
Jupiter Securitization Co., LLC 0.148 7/6/15 18,150,000 18,149,627
Liberty Street Funding, LLC (Canada) 0.180 7/20/15 1,800,000 1,799,829
MetLife Short Term Funding, LLC 0.210 10/19/15 600,000 599,615
MetLife Short Term Funding, LLC 144A 0.180 8/17/15 17,650,000 17,645,852
Old Line Funding, LLC 144A 0.240 8/14/15 18,000,000 17,994,720
Regency Markets No. 1, LLC 144A 0.170 7/27/15 8,600,000 8,598,944
Regency Markets No. 1, LLC 144A 0.170 7/15/15 10,000,000 9,999,339
Thunder Bay Funding, LLC 144A 0.240 8/21/15 18,000,000 17,993,880
Victory Receivables Corp. 144A (Japan) 0.190 7/20/15 10,425,000 10,423,955
Working Capital Management Co. 144A (Japan) 0.190 7/6/15 9,250,000 9,249,756

Total asset-backed commercial paper (cost $183,039,536) $183,039,536

CERTIFICATES OF DEPOSIT (12.0%)(a)
Yield (%) Maturity date Principal amount Value

Bank of America, NA 0.190 8/3/15 $3,000,000 $3,000,247
Bank of Montreal/Chicago, IL (Canada) 0.310 11/6/15 9,800,000 9,800,000
Bank of Nova Scotia/Houston FRN 0.264 9/8/15 16,250,000 16,250,000
Canadian Imperial Bank of Commerce/New York, NY FRN 0.338 6/17/16 12,325,000 12,325,000
Canadian Imperial Bank of Commerce/New York, NY FRN 0.274 11/12/15 5,825,000 5,825,000
Credit Agricole Corporate and Investment Bank/New York (France) 0.150 7/2/15 5,950,000 5,950,000
HSBC Bank USA, NA FRN 0.309 12/7/15 11,725,000 11,725,000
JPMorgan Chase Bank, NA FRN 0.329 12/8/15 8,475,000 8,476,950
Nordea Bank Finland PLC/New York FRN 0.389 11/9/15 5,250,000 5,252,089
Nordea Bank Finland PLC/New York FRN 0.236 7/13/15 13,000,000 13,000,000
Rabobank Nederland NV/NY FRN (Netherlands) 0.285 7/17/15 9,050,000 9,050,411
Skandinaviska Enskilda Banken AB/New York, NY 0.210 7/8/15 5,000,000 5,000,068
Svenska Handelsbanken/New York, NY (Sweden) 0.220 9/8/15 18,050,000 18,050,173
Toronto-Dominion Bank/NY (Canada) 0.160 7/6/15 1,500,000 1,500,120
Toronto-Dominion Bank/NY FRN (Canada) 0.275 11/18/15 13,050,000 13,050,000
U.S. Bank, NA/Cincinnati, OH FRN 0.284 10/30/15 7,800,000 7,800,000
Wells Fargo Bank, NA FRN 0.289 9/14/15 3,000,000 3,000,315

Total certificates of deposit (cost $149,055,373) $149,055,373

MUNICIPAL BONDS AND NOTES (8.3%)(a)
Yield (%) Maturity date Rating(RAT) Principal amount Value

Illinois (0.8%)
University of Chicago Commercial Paper, Ser. A 0.101 7/7/15 P-1 $10,075,000 $10,074,832

10,074,832
Indiana (0.9%)
Saint Joseph County Commercial Paper 0.140 7/16/15 P-1 11,000,000 10,999,358

10,999,358
Maryland (1.6%)
Johns Hopkins University Commercial Paper, Ser. C 0.160 9/16/15 P-1 6,987,000 6,987,000
Johns Hopkins University Commercial Paper, Ser. C 0.150 7/22/15 P-1 1,375,000 1,375,000
Johns Hopkins University Commercial Paper, Ser. C 0.130 8/20/15 P-1 6,000,000 6,000,000
Johns Hopkins University Commercial Paper, Ser. C 0.130 8/18/15 P-1 5,000,000 5,000,000

19,362,000
Michigan (0.7%)
Trinity Health Corporation Commercial Paper 0.120 8/11/15 P-1 8,300,000 8,298,866

8,298,866
North Carolina (0.9%)
Duke University Commercial Paper, Ser. B-98 0.150 7/16/15 P-1 11,075,000 11,074,308

11,074,308
Pennsylvania (1.1%)
Lehigh University Commercial Paper, Ser. A 0.170 7/16/15 P-1 7,575,000 7,574,463
Lehigh University Commercial Paper, Ser. A 0.130 8/20/15 P-1 6,400,000 6,398,844

13,973,307
Texas (2.3%)
Texas A&M University Commercial Paper, Ser. B 0.180 9/17/15 P-1 4,500,000 4,500,000
Texas A&M University Commercial Paper, Ser. B 0.150 8/13/15 P-1 12,500,000 12,500,000
University of Texas System (The) Commercial Paper, Ser. B 0.160 9/15/15 P-1 11,800,000 11,800,000

28,800,000

Total municipal bonds and notes (cost $102,582,671) $102,582,671

CORPORATE BONDS AND NOTES (6.1%)(a)
Interest rate (%) Maturity date Principal amount Value

Australia & New Zealand Banking Group, Ltd./New York, NY sr. unsec. notes 0.900 2/12/16 $2,850,000 $2,856,966
Bank of New York Mellon Corp. (The) sr. unsec. FRN 0.507 10/23/15 5,485,000 5,489,288
Bank of New York Mellon Corp. (The) sr. unsec. notes 0.700 10/23/15 2,200,000 2,201,885
General Electric Capital Corp. company guaranty sr. unsec. FRN, MTNA, Ser. A 0.461 10/6/15 7,525,000 7,529,958
General Electric Capital Corp. company guaranty sr. unsec. notes 1.625 7/2/15 3,500,000 3,500,133
General Electric Capital Corp. company guaranty sr. unsec. unsub. FRN 1.301 7/2/15 2,200,000 2,200,067
General Electric Capital Corp. company guaranty sr. unsec. unsub. FRN, Ser. MTN 1.029 8/11/15 3,950,000 3,953,698
General Electric Co. sr. unsec. notes 0.850 10/9/15 1,200,000 1,201,618
National Australia Bank, Ltd./New York sr. unsec. notes (Australia) 1.600 8/7/15 1,360,000 1,361,750
Royal Bank of Canada sr. unsec. unsub. notes, Ser. MTN (Canada) 0.800 10/30/15 4,440,000 4,445,305
U.S. Bank, NA/Cincinnati, OH sr. unsec. FRN, Ser. BKNT 0.334 10/1/15 12,000,000 12,001,751
Wells Fargo Bank, NA sr. unsec. FRN, Ser. MTN(M) 0.406 7/15/19 11,000,000 11,000,000
Westpac Banking Corp. sr. unsec. unsub. notes (Australia) 1.125 9/25/15 5,200,000 5,208,944
Westpac Banking Corp. sr. unsec. unsub. notes (Australia) 0.950 1/12/16 12,700,000 12,729,587

Total corporate bonds and notes (cost $75,680,950) $75,680,950

U.S. TREASURY OBLIGATIONS (5.4%)(a)
Yield (%) Maturity date Principal amount Value

U.S. Treasury FRN 0.099 1/31/17 $12,500,000 $12,499,598
U.S. Treasury FRN 0.085 7/31/16 13,250,000 13,250,387
U.S. Treasury FRN 0.084 4/30/16 13,050,000 13,050,359
U.S. Treasury FRN 0.068 10/31/16 13,250,000 13,250,090
U.S. Treasury FRN 0.060 1/31/16 14,700,000 14,698,762

Total U.S. treasury obligations (cost $66,749,196) $66,749,196

MUTUAL FUNDS (4.2%)(a)
Yield (%) Shares Value

Putnam Money Market Liquidity Fund(AFF) 0.080 51,736,607 $51,736,607

Total mutual funds (cost $51,736,607) $51,736,607

TIME DEPOSITS (3.5%)(a)
Yield (%) Maturity date Principal amount Value

Australia & New Zealand Banking Group, Ltd./Cayman Islands (Cayman Islands) 0.080 7/1/15 $18,500,000 $18,500,000
Credit Agricole Corporate and Investment Bank/Grand Cayman (Cayman Islands) 0.060 7/1/15 6,000,000 6,000,000
Svenska Handelsbanken/Cayman Islands (Sweden) 0.030 7/1/15 18,500,000 18,500,000

Total time deposits (cost $43,000,000) $43,000,000

TOTAL INVESTMENTS

Total investments (cost $1,239,140,076)(b) $1,239,140,076














Key to holding's abbreviations
BKNT Bank Note
FRN Floating Rate Notes: the rate shown is the current interest rate or yield at the close of the reporting period
MTN Medium Term Notes
MTNA Medium Term Notes Class A
Notes to the fund's portfolio
Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from October 1, 2014 through June 30, 2015 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codification 820 Fair Value Measurements and Disclosures , references to “Putnam Management” represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC and references to “OTC”, if any, represent over-the-counter.
(a) Percentages indicated are based on net assets of $1,240,425,688.
(RAT) The Moody's, Standard & Poor's or Fitch ratings indicated are believed to be the most recent ratings available at the close of the reporting period for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at the close of the reporting period. If a security is insured, it will usually be rated by the ratings organizations based on the financial strength of the insurer. For further details regarding security ratings, please see the Statement of Additional Information.
(b) The aggregate identified cost on a financial reporting and tax basis is the same.
(AFF) Affiliated company. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with Putnam Money Market Liquidity Fund, which is under common ownership and control, were as follows:
Name of affiliate Fair value at the beginning of the reporting period Purchase cost Sale proceeds Investment income Fair value at the end of the reporting period

Putnam Money Market Liquidity Fund * $51,735,756 $851 $— $30,920 $51,736,607
* Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management.

(M) This security's effective maturity date is less than one year.
Debt obligations are considered secured unless otherwise indicated.
144A after the name of an issuer represents securities exempt from registration under Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
The dates shown on debt obligations are the original maturity dates.
DIVERSIFICATION BY COUNTRY
Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value):
United States 73.5%
Canada 5.0
Australia 4.5
Sweden 4.1
Japan 3.7
Switzerland 2.3
Cayman Islands 2.0
Norway 1.5
France 1.4
United Kingdom 1.3
Netherlands 0.7

Total 100.0%
Security valuation: Portfolio securities and other investments are valued using policies and procedures adopted by the Board of Trustees. The Trustees have formed a Pricing Committee to oversee the implementation of these procedures and have delegated responsibility for valuing the fund’s assets in accordance with these procedures to Putnam Management. Putnam Management has established an internal Valuation Committee that is responsible for making fair value determinations, evaluating the effectiveness of the pricing policies of the fund and reporting to the Pricing Committee.
The valuation of the fund’s portfolio instruments is determined by means of the amortized cost method (which approximates fair value) as set forth in Rule 2a-7 under the Investment Company Act of 1940. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity and is generally categorized as a Level 2 security.
Investments in open-end investment companies (excluding exchange-traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares.
Repurchase agreements: The fund, or any joint trading account, through its custodian, receives delivery of the underlying securities, the fair value of which at the time of purchase is required to be in an amount at least equal to the resale price, including accrued interest. Collateral for certain tri-party repurchase agreements is held at the counterparty’s custodian in a segregated account for the benefit of the fund and the counterparty. Putnam Management is responsible for determining that the value of these underlying securities is at all times at least equal to the resale price, including accrued interest. In the event of default or bankruptcy by the other party to the agreement, retention of the collateral may be subject to legal proceedings.













ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund’s investments. The three levels are defined as follows:
Level 1: Valuations based on quoted prices for identical securities in active markets.
Level 2: Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3: Valuations based on inputs that are unobservable and significant to the fair value measurement.
The following is a summary of the inputs used to value the fund’s net assets as of the close of the reporting period:

Valuation inputs

Investments in securities: Level 1 Level 2 Level 3
Asset-backed commercial paper $— $183,039,536 $—
Certificates of deposit 149,055,373
Commercial paper 273,280,743
Corporate bonds and notes 75,680,950
Municipal bonds and notes 102,582,671
Mutual funds 51,736,607
Repurchase agreements 294,015,000
Time deposits 43,000,000
U.S. treasury obligations 66,749,196



Totals by level $51,736,607 $1,187,403,469 $—


During the reporting period, transfers within the fair value hierarchy, if any, did not represent, in the aggregate, more than 1% of the fund's net assets measured as of the end of the period.
   
  The following table summarizes any derivatives, repurchase agreements and reverse repurchase agreements, at the end of the reporting period, that are subject to an enforceable master netting agreement or similar agreement. For securities lending transactions, if applicable, see note "(d)" above, and for borrowing transactions associated with securities sold short, if applicable, see the "Short sales of securities" note above.
   
      Citigroup Global Markets, Inc. Goldman, Sachs & Co. Merrill Lynch, Pierce, Fenner and Smith, Inc.   Total
               
  Assets:            
  Repurchase agreements    $97,000,000  $100,000,000  $97,015,000    $294,015,000
               
  Total Assets  $97,000,000  $100,000,000  $97,015,000  $294,015,000
               
  Liabilities:            
               
  Total Liabilities $— $— $— $—
               
  Total Financial and Derivative Net Assets    $97,000,000  $100,000,000  $97,015,000    $294,015,000
  Total collateral received (pledged)##†    $97,000,000  $100,000,000  $97,015,000    
  Net amount   $— $— $—    
               
Additional collateral may be required from certain brokers based on individual agreements. 
               
## Any over-collateralization of total financial and derivative net assets is not shown. Collateral may include amounts related to unsettled agreements.

For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com



Item 2. Controls and Procedures:
(a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms.

(b) Changes in internal control over financial reporting: Not applicable
Item 3. Exhibits:
Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith.

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Putnam Money Market Fund
By (Signature and Title):
/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: August 28, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title):
/s/ Jonathan S. Horwitz
Jonathan S. Horwitz
Principal Executive Officer
Date: August 28, 2015

By (Signature and Title):
/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: August 28, 2015