845_NQ1.htm

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Tm0hxpHAUUxh5gcvcOZThuihRRbhdGx4kWOe2K2Lu671719O6D3Gk30QlSJdzjIA 1G/u+7l/DgBPwyeII3/tLA== 0000928816-05-001399.txt : 20051031 0000928816-05-001399.hdr.sgml : 20051031 20051031154619 ACCESSION NUMBER: 0000928816-05-001399 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050831 FILED AS OF DATE: 20051031 DATE AS OF CHANGE: 20051031 EFFECTIVENESS DATE: 20051031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND II CENTRAL INDEX KEY: 0000792288 IRS NUMBER: 046626127 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-04518 FILM NUMBER: 051166401 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-292-14 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND /MA/ DATE OF NAME CHANGE: 19920609 N-Q 1 pmt1.htm PUTNAM MASSACHUSETTS TAX EXEMPT INCOME FUND 845_NQ1.htm

Item 1. Schedule of Investments:
Putnam Massachusetts Tax Exempt Income Fund

The fund's portfolio
8/31/05 (Unaudited)

KEY TO ABBREVIATIONS
AMBAC	AMBAC Indemnity Corporation
FGIC	Financial Guaranty Insurance Company
FSA	Financial Security Assurance
GNMA Coll.	Government National Mortgage Association Collateralized
G.O. Bonds	General Obligation Bonds
MBIA	MBIA Insurance Company
U.S. Govt. Coll.	U.S. Government Collateralized
VRDN	Variable Rate Demand Notes
XLCA	XL Capital Assurance


MUNICIPAL BONDS AND NOTES (94.6%)(a)
		Rating (RAT)	Principal amount	Value

Massachusetts (93.9%)

Boston, Indl. Dev. Fin. Auth. Rev. Bonds (Springhouse, Inc.), 6s, 7/1/28		BB-/P	$2,150,000	$2,192,033
Boston, Indl. Dev. Fin. Auth. Swr. Fac. Rev. Bonds (Harbor Elec. Energy Co.), 7 3/8s, 5/15/15		Aa3	5,585,000	5,623,983
Boston, Wtr. & Swr. Comm. Rev. Bonds, Ser. A, 5 3/4s, 11/1/13		Aa2	7,435,000	8,291,140
Fall River, G.O. Bonds, FSA
5s, 2/1/13		Aaa	1,990,000	2,194,035
5s, 2/1/12		Aaa	1,950,000	2,135,153
Framingham, Hsg. Auth. Rev. Bonds (Beaver Terrace), Ser. A, GNMA Coll., 6.35s, 2/20/32		AAA	2,100,000	2,348,976
Holden, G.O. Bonds, FGIC, 5 1/2s, 3/1/20		Aaa	5,185,000	5,676,797
Lynn, Wtr. & Swr. Comm. Rev. Bonds, Ser. A, MBIA, 5s, 6/1/22		Aaa	3,010,000	3,250,589
MA State College Bldg. Auth. Rev. Bonds, Ser. B, XLCA, 5 1/2s, 5/1/28		Aaa	4,000,000	4,774,640
MA State Dev. Fin. Agcy. Resource Recvy. Rev. Bonds (Semass Syst.), Ser. A, MBIA, 5 1/2s, 1/1/10		Aaa	7,500,000	8,086,725
MA State Dev. Fin. Agcy. Rev. Bonds
(Beverly Enterprises, Inc.), 7 3/8s, 4/1/09		B+/P	1,150,000	1,194,678
(Lasell College), 6 3/4s, 7/1/31		B+	1,460,000	1,527,379
(Lasell Village), Ser. A, 6 3/8s, 12/1/25		BB/P	1,320,000	1,343,641
(MA Biomedical Research), Ser. C, 6 1/8s, 8/1/12		A1	1,950,000	2,157,051
(MA Biomedical Research), Ser. C, 5 7/8s, 8/1/10		A1	1,830,000	2,004,326
(WGBH Edl. Foundation), Ser. A, AMBAC, 5 3/4s, 1/1/42		Aaa	5,000,000	6,392,350
(Boston Biomedical Research), 5 3/4s, 2/1/29		Baa3	1,750,000	1,815,573
(Hampshire College), 5.7s, 10/1/34		BBB	1,315,000	1,419,201
(Middlesex School), 5 1/8s, 9/1/23		A1	1,000,000	1,087,660
MA State Edl. Fin. Auth. Rev. Bonds, Ser. E, AMBAC, 5s, 1/1/13		AAA	3,625,000	3,711,964
MA State G.O. Bonds
Ser. C, FSA, 5 1/2s, 11/1/10		Aaa	7,500,000	8,290,575
Ser. C, 5 1/4s, 8/1/15		AAA	3,750,000	4,009,610
Ser. D, FSA, 5s, 11/1/24		Aaa	6,500,000	7,150,260
Ser. A, FSA, 5s, 3/1/24		Aaa	13,000,000	14,200,160
Ser. B, U.S. Govt. Coll., 5s, 5/1/12		AAA	9,100,000	9,765,847
MA State Hlth. & Edl. Fac. Auth. Rev. Bonds
(Winchester Hosp.), Ser. E, 6 3/4s, 7/1/30		BBB	3,000,000	3,455,820
(UMass Memorial), Ser. C, 6 1/2s, 7/1/21		Baa2	3,125,000	3,398,313
(Berkshire Hlth. Syst.), Ser. E, 6 1/4s, 10/1/31		BBB+	1,300,000	1,405,079
(Harvard U.), Ser. N, 6 1/4s, 4/1/20		Aaa	5,000,000	6,373,650
(Learning Ctr. for Deaf Children), Ser. C, 6 1/8s, 7/1/29		Ba2	1,000,000	1,014,770
(Hlth. Care Syst. Covenant Hlth.), Ser. E, 6s, 7/1/31		A	3,000,000	3,284,880
(Partners Healthcare Syst.), Ser. C, 6s, 7/1/15		Aa3	2,100,000	2,382,975
(Partners Healthcare Syst.), Ser. C, 6s, 7/1/14		Aa3	1,460,000	1,655,917
(Partners Healthcare Syst.), Ser. C, 5 3/4s, 7/1/32		Aa3	4,000,000	4,409,240
(Baystate Med. Ctr.), Ser. F, 5.7s, 7/1/27		A1	1,000,000	1,070,940
(Caritas Christian Oblig. Group), Ser. A, 5 5/8s, 7/1/20		BBB	1,955,000	2,010,796
(Milton Hosp.), Ser. C, 5 1/2s, 7/1/16		BBB+	800,000	822,360
(Williams College), Ser. G, 5 1/2s, 7/1/14		Aa1	3,665,000	3,999,468
(Milton Hosp.), Ser. C, 5 1/2s, 7/1/11		BBB+	1,265,000	1,327,731
(Cape Cod Healthcare), Ser. B, 5.45s, 11/15/23		BBB	2,600,000	2,668,510
MBIA, 5.38s, 7/1/18		Aaa	15,800,000	16,065,282
(Jordan Hosp.), Ser. D, 5 3/8s, 10/1/28		BBB-	3,000,000	3,040,590
(Boston College), Ser. K, 5 3/8s, 6/1/14		Aa3	4,250,000	4,804,115
(Partners Healthcare Syst.), Ser. B, 5 1/4s, 7/1/11		Aa3	3,000,000	3,222,330
(MA Inst. of Tech.), Ser. I-1, 5.2s, 1/1/28		Aaa	10,000,000	11,958,500
(Simmons College), Ser. F, FGIC, 5s, 10/1/33		Aaa	5,245,000	5,558,966
(Wellesley College), 5s, 7/1/17		Aa1	1,000,000	1,083,990
(New England Med. Ctr. Hosp.), Ser. H, FGIC, 5s, 5/15/11		Aaa	2,000,000	2,165,300
(New England Med. Ctr. Hosp.), Ser. H, FGIC, 5s, 5/15/10		Aaa	3,840,000	4,124,851
(New England Med. Ctr. Hosp.), Ser. H, FGIC, 5s, 5/15/09		Aaa	3,660,000	3,890,141
MA State Hlth. & Edl. Fac. Auth. VRDN, Ser. D, MBIA, 2.33s, 1/1/35		VMIG1	14,300,000	14,300,000
MA State Hsg. Fin. Agcy. Rev. Bonds
(Rental Mtge.), Ser. E, AMBAC, 5.9s, 7/1/25		Aaa	2,000,000	2,048,340
(Rental Mtge.), Ser. C, AMBAC, 5 5/8s, 7/1/40		Aaa	5,000,000	5,135,900
(Single Fam.), Ser. 86, 5.1s, 12/1/21		Aa2	1,525,000	1,557,879
(Rental Mtge.), Ser. E, FSA, 4.1s, 7/1/06		Aaa	1,590,000	1,597,441
MA State Hsg. Fin. Auth. Agcy. Single Fam. Mtge. Rev. Bonds, Ser. 84
4 1/4s, 12/1/07		Aa2	435,000	436,079
4.05s, 12/1/06		Aa2	360,000	360,886
3.9s, 12/1/05		AA	405,000	405,393
MA State Indl. Fin. Agcy. Rev. Bonds
(1st Mtge. Stone Institution & Newton), 7.9s, 1/1/24		BB-/P	1,500,000	1,522,530
(American Hinghan, Wtr. Treatment), 6 3/4s, 12/1/25		A	4,520,000	4,652,391

(1st Mtge. Berkshire Retirement), Ser. A, 6 5/8s, 7/1/16	BBB-	3,850,000	3,888,462
(Park School), 5.9s, 9/1/26	A3	3,385,000	3,551,542
(Wentworth Inst. of Tech.), 5 3/4s, 10/1/28	Baa1	1,650,000	1,747,020
MA State Port Auth. Rev. Bonds
Ser. A, MBIA, 5s, 7/1/33	Aaa	2,400,000	2,503,944
Ser. A, AMBAC, 5s, 7/1/26	Aaa	3,000,000	3,244,020
Ser. C, MBIA, 5s, 7/1/08	Aaa	2,000,000	2,101,740
MA State School Bldg. Auth. Rev. Bonds, Ser. A, 5s, 8/15/07	AA	1,000,000	1,038,010
MA State Special Oblig. Dedicated Tax Rev. Bonds, FGIC
5 1/4s, 1/1/22	Aaa	2,000,000	2,236,840
5 1/4s, 1/1/20	Aaa	5,000,000	5,592,100
MA State Wtr. Poll. Abatement Rev. Bonds, Ser. 5
5 3/8s, 8/1/27	Aaa	4,490,000	4,811,574
5 3/8s, 8/1/27 (Prerefunded)	Aaa	2,510,000	2,742,501
MA State Wtr. Resource Auth. Rev. Bonds, Ser. A
6 1/2s, 7/15/19	Aa2	5,500,000	6,784,745
FGIC, 5 3/4s, 8/1/39	Aaa	10,000,000	11,171,100
MBIA, 5s, 8/1/29	Aaa	4,000,000	4,275,360
MBIA, 5s, 8/1/29	Aaa	3,225,000	3,499,254
Maynard, G.O. Bonds, MBIA, 5s, 2/1/13	Aaa	1,065,000	1,174,194
Norwell, G.O. Bonds
AMBAC, 5s, 2/15/25	AAA	1,000,000	1,086,430
FGIC, 5s, 11/15/18	Aaa	1,760,000	1,984,259
Quincy, Rev. Bonds, FSA, 5.3s, 1/15/11	Aaa	10,000,000	10,103,100
Springfield, G.O. Bonds, MBIA, 5s, 1/15/13	Aaa	1,000,000	1,101,980
U. MA Bldg. Auth. Rev. Bonds, Ser. 04-1, AMBAC
5 3/8s, 11/1/19	AAA	2,000,000	2,281,340
5 3/8s, 11/1/18	AAA	2,500,000	2,851,675
5 3/8s, 11/1/17	AAA	2,500,000	2,851,675
5 3/8s, 11/1/16	AAA	1,000,000	1,130,650
Westfield, G.O. Bonds, MBIA
5s, 9/1/11	Aaa	2,190,000	2,390,735
5s, 9/1/10	Aaa	2,190,000	2,371,376
Westford, G.O. Bonds, FGIC, 5 1/4s, 4/1/20	Aaa	1,000,000	1,088,010

			327,459,335

Puerto Rico (0.7%)

Children's Trust Fund Tobacco Settlement Rev. Bonds, 5 3/8s, 5/15/33	BBB	2,455,000	2,567,660

TOTAL INVESTMENTS
Total investments (cost $310,147,213 )(b)			$330,026,995

NOTES

(a) Percentages indicated are based on net assets of $348,844,037.

(RAT) The Moody's or Standard & Poor's ratings indicated are believed to be the most recent ratings available at August 31, 2005 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 August 31, 2005. Securities rated by Putnam are indicated by "/P". Security ratings are defined in the Statement of Additional Information.

(b) The aggregate identified cost on a tax basis is $310,147,213, resulting in gross unrealized appreciation and depreciation of $20,304,540 and $424,758, respectively, or net unrealized appreciation of $19,879,782.

The rates shown on VRDN are the current interest rates at August 31, 2005.

The fund had the following industry group concentrations greater than 10% at August 31, 2005 (as a percentage of net assets):

Health care	23.1%
Education	17.4
Water & Sewer	14.2

The fund had the following insurance concentrations greater than 10% at August 31, 2005 (as a percentage of net assets):


MBIA	17.5%
FSA	13.1
FGIC	12.5

Security valuation Tax-exempt bonds and notes are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees. Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining value. Other investments are valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees.

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:

A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 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.

NAME OF REGISTRANT

By (Signature and Title):	/s/ Michael T. Healy
	Michael T. Healy
	Principal Accounting Officer
	Date: October 31, 2005



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/ Charles E. Porter
	Charles E. Porter
	Principal Executive Officer
	Date: October 31, 2005



By (Signature and Title):	/s/ Steven D. Krichmar
	Steven D. Krichmar
	Principal Financial Officer
	Date: October 31, 2005

EX-99.CERT 2 xnn2.htm EX-99.CERT 2xnn.htm

Certifications

I, Charles E. Porter, the Principal Executive Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Charles E. Porter
Date: October 31, 2005
Charles E. Porter
Principal Executive Officer

Certifications

I, Steven D. Krichmar, the Principal Financial Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Steven D. Krichmar
Date: October 31, 2005
Steven D. Krichmar
Principal Financial Officer

Attachment A
NQ
Period (s) ended August 31, 2005

433 Putnam Capital Appreciation Fund
060 Putnam High Yield Advantage Fund
949 Putnam Classic Equity Fund
012 Putnam Equity Income Fund
398 Putnam Limited Duration Government Income Fund
168 Putnam Tax Free Health Care Fund
058 Putnam Investment Grade Municipal Trust
590 Putnam Managed High Yield Trust
030 Putnam New York Tax Exempt Income Fund
846 Putnam Michigan Tax Exempt Income Fund
019 Putnam New Jersey Tax Exempt Income Fund
848 Putnam Ohio Tax Exempt Income Fund
047 Putnam Pennsylvania Tax Exempt Income Fund
847 Putnam Minnesota Tax Exempt Income Fund
845 Putnam Massachusetts Tax Exempt Income Fund
037 Putnam Florida Tax Exempt Income Fund
855 Putnam Arizona Tax Exempt Income Fund

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