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, 2016
Date of reporting period: June 30, 2016



Item 1. Schedule of Investments:














Putnam Money Market Fund

The fund's portfolio
6/30/16 (Unaudited)
REPURCHASE AGREEMENTS (37.7%)(a)
Principal amount Value

Interest in $312,347,000 joint tri-party repurchase agreement dated 6/30/16 with Citigroup Global Markets, Inc. due 7/1/16 - maturity value of $116,001,418 for an effective yield of 0.440% (collateralized by various U.S. Treasury notes with coupon rates ranging from 0.875% to 3.625% and due dates ranging from 3/31/18 to 2/15/20, valued at $318,593,957) $116,000,000 $116,000,000
Interest in $115,000,000 tri-party repurchase agreement dated 6/30/16 with Goldman, Sachs & Co. due 7/1/16 - maturity value of $115,001,342 for an effective yield of 0.420% (collateralized by various mortgage backed securities with coupon rates ranging from 2.500% to 6.000% and due dates ranging from 5/1/24 to 5/1/46, valued at $117,300,000) 115,000,000 115,000,000
Interest in $347,054,000 joint tri-party repurchase agreement dated 6/30/16 with Merrill Lynch, Pierce, Fenner and Smith, Inc. due 7/1/16 - maturity value of $116,032,386 for an effective yield of 0.430% (collateralized by various mortgage backed securities with coupon rates ranging from zero % to 4.500% and due dates ranging from 8/1/22 to 6/1/46, valued at $353,995,080) 116,031,000 116,031,000
Interest in $147,833,000 joint tri-party repurchase agreement dated 6/30/16 with RBC Capital Markets, LLC due 7/1/16 - maturity value of $115,001,278 for an effective yield of 0.400% (collateralized by various mortgage backed securities with coupon rates ranging from 1.750% to 7.000% and due dates ranging from 6/1/26 to 6/1/46, valued at $150,791,336) 115,000,000 115,000,000

Total repurchase agreements (cost $462,031,000) $462,031,000

COMMERCIAL PAPER (25.6%)(a)
Yield (%) Maturity date Principal amount Value

ABN AMRO Funding USA, LLC 0.601 7/5/16 $6,250,000 $6,249,583
Apple, Inc. 0.461 8/3/16 18,000,000 17,992,410
Bank of Nova Scotia (The) 144A (Canada) 0.854 9/22/16 5,000,000 4,990,201
BMW US Capital, LLC 0.450 8/3/16 6,000,000 5,997,525
Coca-Cola Co. (The) 0.511 7/13/16 5,250,000 5,249,108
Commonwealth Bank of Australia (Australia) 0.818 9/1/16 12,000,000 11,983,157
Commonwealth Bank of Australia 144A (Australia) 0.854 9/30/16 6,500,000 6,486,034
Cooperatieve Rabobank UA/NY (Netherlands) 0.717 8/1/16 12,000,000 11,992,612
Danske Corp. (Denmark) 0.601 8/5/16 4,250,000 4,247,521
Danske Corp. 144A, Ser. A (Denmark) 0.571 7/7/16 8,250,000 8,249,216
DnB Bank ASA 144A (Norway) 0.651 9/8/16 1,000,000 998,754
DnB Bank ASA 144A (Norway) 0.631 10/3/16 10,000,000 9,983,550
Export Development Canada (Canada) 0.611 7/15/16 12,500,000 12,497,035
HSBC Bank PLC 144A (United Kingdom) 0.798 7/21/16 10,500,000 10,500,000
Lloyds Bank PLC (United Kingdom) 0.581 7/5/16 11,300,000 11,299,272
National Australia Bank, Ltd. (Australia) 0.824 11/15/16 3,500,000 3,489,078
National Australia Bank, Ltd. 144A (Australia) 0.803 8/2/16 11,750,000 11,741,644
National Bank of Canada (Canada) 0.651 9/19/16 7,940,000 7,928,531
Nationwide Building Society (United Kingdom) 0.611 8/15/16 12,500,000 12,490,469
Nestle Finance International, Ltd. (Switzerland) 0.591 7/7/16 6,500,000 6,499,361
Nestle Finance International, Ltd. (Switzerland) 0.460 8/15/16 12,000,000 11,993,100
Nordea Bank AB (Sweden) 0.925 12/12/16 3,500,000 3,485,331
Nordea Bank AB 144A (Sweden) 0.601 8/4/16 13,600,000 13,592,293
Prudential PLC 144A (United Kingdom) 0.551 8/23/16 13,000,000 12,989,474
Simon Property Group LP 0.531 8/8/16 12,500,000 12,493,007
Skandinaviska Enskilda Banken AB (Sweden) 0.601 8/4/16 9,050,000 9,044,872
Skandinaviska Enskilda Banken AB 144A, Ser. GLOB (Sweden) 0.727 7/28/16 6,000,000 5,996,738
Svenska Handelsbanken AB 144A (Sweden) 0.641 10/5/16 18,000,000 17,969,280
Swedbank AB (Sweden) 0.813 11/3/16 18,500,000 18,447,969
Toyota Motor Credit Corp. 0.704 9/27/16 18,600,000 18,600,000
Westpac Banking Corp. 144A (Australia) 0.966 12/19/16 4,000,000 3,981,760
Westpac Banking Corp. 144A (Australia) 0.675 7/7/16 5,000,000 5,000,000
Westpac Banking Corp./NY (Australia) 0.874 8/1/16 9,250,000 9,243,070

Total commercial paper (cost $313,701,955) $313,701,955

CERTIFICATES OF DEPOSIT (13.4%)(a)
Yield (%) Maturity date Principal amount Value

Australia & New Zealand Banking Group, Ltd./New York, NY 0.704 10/31/16 $18,750,000 $18,750,000
Bank of America, NA 0.840 11/4/16 18,000,000 18,003,747
Bank of Montreal/Chicago, IL FRN (Canada) 0.777 10/14/16 10,000,000 10,000,000
Citibank, NA 0.710 7/25/16 9,000,000 9,000,000
Citibank, NA 0.700 10/18/16 6,000,000 6,000,000
Cooperatieve Rabobank UA/NY FRN (Netherlands) 0.797 8/11/16 6,250,000 6,251,153
Credit Suisse AG/New York, NY 0.518 7/13/16 2,450,000 2,450,310
DnB Bank ASA/New York FRN (Norway) 0.787 8/2/16 7,500,000 7,500,000
HSBC Bank USA, NA/New York, NY FRN (United Kingdom) 0.797 10/12/16 8,000,000 8,000,000
Lloyds Bank PLC/New York, NY FRN (United Kingdom) 0.817 10/31/16 7,250,000 7,250,000
Royal Bank of Canada/New York, NY (Canada) 0.840 11/22/16 3,100,000 3,101,459
Skandinaviska Enskilda Banken AB/New York, NY 0.800 9/2/16 3,500,000 3,500,059
State Street Bank & Trust Co. 0.820 7/12/16 6,000,000 6,000,000
State Street Bank & Trust Co. FRN 0.798 10/20/16 11,000,000 11,000,000
Sumitomo Mitsui Banking Corp./New York FRN (Japan) 0.809 10/28/16 18,000,000 18,000,000
Toronto-Dominion Bank/NY FRN (Canada) 0.848 12/19/16 12,000,000 12,000,000
US Bank, NA/Cincinnati OH FRN 0.750 7/20/16 17,750,000 17,750,000

Total certificates of deposit (cost $164,556,728) $164,556,728

ASSET-BACKED COMMERCIAL PAPER (12.1%)(a)
Yield (%) Maturity date Principal amount Value

Bedford Row Funding Corp. 0.591 9/21/16 $11,000,000 $10,985,217
CHARTA, LLC 0.631 9/7/16 11,000,000 10,986,910
Collateralized Commercial Paper Co., LLC 0.864 11/14/16 8,750,000 8,721,572
Collateralized Commercial Paper II Co., LLC 144A 0.884 11/10/16 6,250,000 6,229,833
CRC Funding, LLC 0.601 9/1/16 5,000,000 4,994,833
Fairway Finance Co., LLC 144A (Canada) 0.777 11/14/16 7,250,000 7,250,000
Gotham Funding Corp. (Japan) 0.551 7/6/16 6,925,000 6,924,471
Jupiter Securitization Co., LLC 0.854 7/5/16 5,000,000 4,999,528
Liberty Street Funding, LLC 144A (Canada) 0.904 12/12/16 8,500,000 8,465,150
MetLife Short Term Funding, LLC 0.672 10/13/16 12,250,000 12,226,289
MetLife Short Term Funding, LLC 0.621 8/1/16 6,100,000 6,096,743
Old Line Funding, LLC 144A 0.830 12/2/16 18,500,000 18,500,000
Thunder Bay Funding, LLC 144A 0.727 10/11/16 18,500,000 18,500,000
Victory Receivables Corp. (Japan) 0.591 7/1/16 8,250,000 8,250,000
Victory Receivables Corp. (Japan) 0.500 7/6/16 3,250,000 3,249,774
Working Capital Management Co. (Japan) 0.581 8/16/16 5,000,000 4,996,294
Working Capital Management Co. (Japan) 0.581 8/15/16 7,500,000 7,494,563

Total asset-backed commercial paper (cost $148,871,177) $148,871,177

TIME DEPOSITS (5.5%)(a)
Yield (%) Maturity date Principal amount Value

Australia & New Zealand Banking Group, Ltd./Cayman Islands (Cayman Islands) 0.400 7/1/16 $18,500,000 $18,500,000
BNP Paribas/Cayman Islands (France) 0.280 7/1/16 18,500,000 18,500,000
Credit Agricole Corporate and Investment Bank/Grand Cayman (Cayman Islands) 0.310 7/1/16 12,250,000 12,250,000
Svenska Handelsbanken/Cayman Islands (Sweden) 0.280 7/1/16 18,500,000 18,500,000

Total time deposits (cost $67,750,000) $67,750,000

U.S. TREASURY OBLIGATIONS (3.2%)(a)
Yield (%) Maturity date Principal amount Value

U.S. Treasury FRN 0.344 1/31/17 $12,500,000 $12,499,852
U.S. Treasury FRN 0.330 7/31/16 13,250,000 13,250,029
U.S. Treasury FRN 0.313 10/31/16 13,250,000 13,250,022

Total U.S. treasury obligations (cost $38,999,903) $38,999,903

CORPORATE BONDS AND NOTES (2.2%)(a)
Interest rate (%) Maturity date Principal amount Value

Canadian Imperial Bank of Commerce/Canada sr. unsec. unsub. FRN (Canada) 1.153 7/18/16 $6,575,000 $6,575,708
Wells Fargo & Co. sr. unsec. unsub. FRN, Ser. MTN 1.164 7/20/16 9,950,000 9,951,759
Wells Fargo Bank, NA sr. unsec. FRN, Ser. MTN 0.823 2/14/17 11,000,000 11,000,000

Total corporate bonds and notes (cost $27,527,467) $27,527,467

U.S GOVERNMENT AGENCY OBLIGATIONS (0.9%)(a)
Yield (%) Maturity date Principal amount Value

Federal Home Loan Banks unsec. discount notes 0.501 9/21/16 $11,070,000 $11,057,393

Total U.S government agency obligations (cost $11,057,393) $11,057,393

TOTAL INVESTMENTS

Total investments (cost $1,234,495,623)(b) $1,234,495,623














Key to holding's abbreviations
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
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, 2015 through June 30, 2016 (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 $1,225,953,908.
(b) The aggregate identified cost on a financial reporting and tax basis is the same.
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* $37,987,287 $— $37,987,287 $39,813 $—
* Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management.

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 64.3%
Sweden 7.0
Canada 5.9
United Kingdom 5.1
Australia 4.2
Japan 4.0
Cayman Islands 2.5
France 1.5
Switzerland 1.5
Norway 1.5
Netherlands 1.5
Denmark 1.0

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.
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 $— $148,871,177 $—
Certificates of deposit 164,556,728
Commercial paper 313,701,955
Corporate bonds and notes 27,527,467
Repurchase agreements 462,031,000
Time deposits 67,750,000
U.S. government agency obligations11,057,393
U.S. treasury obligations 38,999,903



Totals by level $— $1,234,495,623 $—


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. Transfers are accounted for using the end of period pricing valuation method.
   
  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. RBC Capital Markets, LLC   Total
                 
  Assets:              
  Repurchase agreements   $116,000,000 $115,000,000 $116,031,000 $115,000,000   $462,031,000
                 
  Total Assets   $116,000,000 $115,000,000 $116,031,000 $115,000,000   $462,031,000
                 
  Liabilities:              
                 
  Total Liabilities   $— $— $— $—   $—
                 
  Total Financial and Derivative Net Assets   $116,000,000 $115,000,000 $116,031,000 $115,000,000   $462,031,000
  Total collateral received (pledged)##†   $116,000,000 $115,000,000 $116,031,000 $115,000,000    
  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 26, 2016

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 26, 2016

By (Signature and Title):
/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: August 26, 2016