Putnam Investment Funds Series Capital Opportunities FYE 4/30 Sub Management Contract between Putnam Investment Management, LLC and Putnam Investments Limited dated February 27, 2014; schedule A amended as of November 20, 2014 Incorporated by...

▇▇▇▇▇▇ Investment Funds Series Capital Opportunities FYE 4/30
Sub Management Contract between ▇▇▇▇▇▇ Investment Management, LLC and
▇▇▇▇▇▇ Investments Limited dated February 27, 2014; schedule A amended
as of November 20, 2014 Incorporated by reference to Post Effective
Amendment No. 150 to the Registrants Registration Statement filed on
May 26, 2015.