N-Q 1 a_convertincgro.htm PUTNAM CONVERTIBLE INCOME-GROWTH TRUST a_convertincgro.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: (811-02280)   
 
Exact name of registrant as specified in charter:  Putnam Convertible Income-Growth Trust 
 
Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109 
 
Name and address of agent for service:    Beth S. Mazor, Vice President 
  One Post Office Square 
  Boston, Massachusetts 02109 
 
Copy to:    John W. Gerstmayr, Esq. 
  Ropes & Gray LLP 
  One International Place 
  Boston, Massachusetts 02110 
 
Registrant’s telephone number, including area code:  (617) 292-1000 
 
Date of fiscal year end: October 31, 2010     
 
Date of reporting period: January 31, 2010     

Item 1. Schedule of Investments:



Putnam Convertible Income-Growth Trust

The fund's portfolio
1/31/10 (Unaudited)

CONVERTIBLE BONDS AND NOTES (71.3%)(a)     
  Principal amount  Value 

 
Aerospace and defense (1.9%)     
L-1 Identity Solutions, Inc. cv. sr. unsec. notes     
3 3/4s, 2027  $2,200,000  $2,029,500 
L-1 Identity Solutions, Inc. 144A cv. sr. unsec. notes     
3 3/4s, 2027  3,870,000  3,570,075 
Triumph Group, Inc. cv. sr. unsec. sub. notes 2 5/8s,     
2026  1,500,000  1,681,875 
Triumph Group, Inc. 144A cv. sr. sub. notes 2 5/8s,     
2026  3,800,000  4,260,750 
    11,542,200 

 
Airlines (1.0%)     
Pinnacle Airlines Corp. cv. sr. unsec. notes 3 1/4s,     
2025  3,700,000  3,691,120 
UAL Corp. cv. company guaranty sr. sub. notes 4 1/2s,     
2021  2,500,000  2,297,000 
    5,988,120 

 
Automotive (1.0%)     
Ford Motor Co. cv. sr. unsec. notes 4 1/4s, 2016  1,245,000  1,665,810 
TRW Automotive, Inc. 144A cv. company guaranty sr.     
notes 3 1/2s, 2015  4,400,000  4,603,500 
    6,269,310 

 
Beverage (0.8%)     
Molson Coors Brewing Co. cv. company guaranty sr.     
unsec. unsub. notes 2 1/2s, 2013  4,700,000  5,011,375 
    5,011,375 

 
Biotechnology (4.6%)     
Amgen, Inc. cv. sr. unsec. notes 3/8s, 2013  4,400,000  4,433,000 
Amylin Pharmaceuticals, Inc. cv. sr. unsec. notes 3s,     
2014  3,900,000  3,163,875 
Dendreon Corp. 144A cv. sr. unsec. sub. notes 4 3/4s,     
2014  1,165,000  3,317,338 
Kendle International, Inc. cv. sr. unsec. notes     
3 3/8s, 2012  3,800,000  3,427,866 
OSI Pharmaceuticals, Inc. cv. sr. unsec. sub. notes     
3s, 2038  2,800,000  2,632,000 
United Therapeutics Corp. cv. sr. unsec. notes 1/2s,     
2011  500,000  798,125 
United Therapeutics Corp. 144A cv. sr. unsec. notes     
1/2s, 2011  3,500,000  5,586,875 
Viropharma, Inc. cv. sr. unsec. notes 2s, 2017  6,300,000  5,071,500 
    28,430,579 

 
Broadcasting (1.4%)     
Sirius Satellite Radio, Inc. cv. sr. unsec. notes     
3 1/4s, 2011  5,215,000  4,862,988 
XM Satellite Radio Holdings, Inc. 144A cv. sr. unsec.     
sub. notes 7s, 2014  3,724,000  3,477,844 
    8,340,832 

 
Business services (0.7%)     
SAVVIS, Inc. cv. sr. unsec. notes 3s, 2012  4,377,000  3,988,541 
    3,988,541 

 
Chemicals (0.5%)     
ShengdaTech, Inc. 144A cv. sr. notes 6s, 2018 (China)  3,500,000  3,333,750 
    3,333,750 

 
Coal (0.8%)     
Alpha Natural Resources, Inc. cv. sr. unsec. notes     
2 3/8s, 2015  3,200,000  3,416,000 
James River Coal Co. 144A cv. sr. unsec. notes 4 1/2s,     
2015  1,849,000  1,637,290 
    5,053,290 

 
Commercial and consumer services (3.0%)     
Alliance Data Systems Corp. 144A cv. sr. notes 4 3/4s,     
2014  4,200,000  6,000,074 
Icahn Enterprises LP 144A cv. sr. unsec. notes FRN 4s,     
2013  5,400,000  4,779,000 
Live Nation, Inc. cv. sr. unsec. notes 2 7/8s, 2027  2,700,000  2,261,250 
Live Nation, Inc. 144A cv. sr. notes 2 7/8s, 2027  4,000,000  3,350,000 
PHH Corp. 144A cv. sr. unsec. notes 4s, 2014  2,294,000  2,243,188 
    18,633,512 

 
Communications equipment (1.5%)     



ADC Telecommunications, Inc. cv. unsec. sub. notes     
3 1/2s, 2017  6,900,000  4,726,500 
ARRIS Group, Inc. cv. sr. unsec. notes 2s, 2026  5,000,000  4,637,500 
    9,364,000 

 
Computers (1.6%)     
EMC Corp. 144A cv. sr. unsec. notes 1 3/4s, 2013  5,800,000  6,923,750 
Maxtor Corp. cv. company guaranty sr. unsec. unsub.     
deb. 2 3/8s, 2012  2,800,000  3,094,000 
    10,017,750 

 
Conglomerates (0.5%)     
Textron, Inc. cv. sr. unsec. notes Ser. TXT, 4 1/2s,     
2013  1,800,000  2,965,680 
    2,965,680 

 
Consumer finance (0.9%)     
Dollar Financial Corp. cv. sr. notes 3s, 2028  6,000,000  5,790,000 
    5,790,000 

 
Consumer goods (0.4%)     
Newell Rubbermaid, Inc. cv. sr. unsec. bonds 5 1/2s,     
2014  1,581,000  2,728,213 
    2,728,213 

 
Consumer services (0.8%)     
Avis Budget Group, Inc. 144A cv. sr. notes 3 1/2s, 2014  4,950,000  4,820,063 
    4,820,063 

 
Distribution (0.4%)     
Spartan Stores, Inc. cv. sr. unsec. notes 3 3/8s, 2027  3,297,000  2,736,510 
    2,736,510 

 
Electrical equipment (1.0%)     
WESCO International, Inc. cv. company guaranty sr.     
unsec. notes 6s, 2029  5,184,000  6,415,200 
    6,415,200 

 
Electronics (5.4%)     
Advanced Micro Devices, Inc. cv. sr. unsec. notes 6s,     
2015  8,900,000  8,143,500 
EnerSys cv. sr. unsec. notes     
stepped-coupon 3 3/8s (zero %, 6/1/15) 2038 (STP)  2,392,000  2,045,160 
Intel Corp. 144A cv. jr. sub. notes 3 1/4s, 2039  7,365,000  7,931,184 
Kulicke & Soffa Industries, Inc. cv. unsec. sub. notes     
7/8s, 2012  7,800,000  6,688,500 
SanDisk Corp. cv. sr. unsec. unsub. notes 1s, 2013  3,800,000  3,073,250 
TTM Technologies, Inc. cv. sr. unsec. notes 3 1/4s,     
2015  5,800,000  5,506,375 
    33,387,969 

 
Energy (0.6%)     
Covanta Holding Corp. cv. sr. unsec. debs. 1s, 2027  3,700,000  3,427,125 
    3,427,125 

 
Energy (oil field) (1.6%)     
Global Industries, Ltd. 144A cv. unsec. notes 2 3/4s,     
2027  3,000,000  1,905,000 
Transocean, Inc. cv. sr. unsec. unsub. notes Ser. C,     
1 1/2s, 2037 (Switzerland)  8,350,000  7,995,125 
    9,900,125 

 
Financials (1.4%)     
CapitalSource, Inc. cv. company guaranty sr. unsec.     
sub. notes 7 1/4s, 2037  2,700,000  2,504,250 
Digital Realty Trust LP 144A cv. sr. unsec. notes     
5 1/2s, 2029 (R)  4,900,000  6,097,438 
    8,601,688 

 
Food (0.7%)     
Tyson Foods, Inc. cv. sr. unsec. notes 3 1/4s, 2013  4,035,000  4,367,888 
    4,367,888 

 
Gaming and lottery (0.9%)     
International Game Technology 144A cv. sr. unsec.     
notes 3 1/4s, 2014  4,670,000  5,545,625 
    5,545,625 

 
Health-care services (3.4%)     
Health Management Associates, Inc. 144A cv. sr. sub.     
notes 3 3/4s, 2028  4,400,000  4,281,552 
LifePoint Hospitals, Inc. cv. sr. sub. notes 3 1/2s,     
2014  4,600,000  4,168,750 
Lincare Holdings, Inc. cv. sr. unsec. unsub. notes     



2 3/4s, 2037  4,500,000  4,651,875 
Omnicare, Inc. cv. company guaranty sr. unsec. debs     
Ser. OCR, 3 1/4s, 2035  9,300,000  7,579,500 
    20,681,677 

 
 
Investment banking/Brokerage (1.3%)     
Affiliated Managers Group, Inc. cv. sr. unsec. unsub.     
notes 3.95s, 2038  3,200,000  3,070,000 
KKR Financial Holdings, LLC cv. sr. unsec. notes     
7 1/2s, 2017  4,800,000  4,857,000 
    7,927,000 

 
Manufacturing (1.0%)     
Griffon Corp. 144A cv. sub. notes 4s, 2017  2,658,000  2,760,599 
Titan International, Inc. 144A cv. sr. sub. notes     
5 5/8s, 2017  3,445,000  3,430,531 
    6,191,130 

 
Media (1.6%)     
Virgin Media, Inc. 144A cv. sr. unsec. notes 6 1/2s,     
2016  8,800,000  9,548,000 
    9,548,000 

 
Medical technology (3.3%)     
China Medical Technologies, Inc. cv. sr. unsec. bonds     
Ser. CMT, 4s, 2013 (China)  2,200,000  1,350,250 
Hologic, Inc. cv. sr. unsec. unsub. notes     
stepped-coupon 2s (zero %, 12/15/13) 2037 (STP)  7,700,000  6,468,000 
Invitrogen Corp. cv. sr. unsec. unsub. notes Ser. *,     
1 1/2s, 2024  5,100,000  5,667,375 
Medtronic, Inc. cv. sr. unsec. notes 1 5/8s, 2013  3,600,000  3,694,500 
Medtronic, Inc. 144A cv. sr. unsec. notes 1 5/8s, 2013  2,800,000  2,873,500 
    20,053,625 

 
Metals (3.2%)     
ArcelorMittal cv. sr. unsec. unsub. notes 5s, 2014     
(Luxembourg)  2,120,000  3,087,250 
Goldcorp, Inc. 144A cv. sr. notes 2s, 2014 (Canada)  4,227,000  4,491,188 
Jaguar Minning, Inc. 144A cv. sr. notes 4 1/2s, 2014  1,765,000  1,775,131 
Newmont Mining Corp. cv. sr. notes 3s, 2012  2,900,000  3,371,250 
Steel Dynamics, Inc. cv. sr. notes 5 1/8s, 2014  2,450,000  2,819,031 
United States Steel Corp. cv. sr. unsec. notes 4s, 2014  1,920,000  3,019,200 
USEC, Inc. cv. sr. unsec. notes 3s, 2014  2,000,000  1,391,200 
    19,954,250 

 
Oil and gas (3.8%)     
Carrizo Oil & Gas, Inc. cv. sr. unsec. unsub. notes     
4 3/8s, 2028  6,200,000  5,370,750 
Chesapeake Energy Corp. cv. sr. unsec. notes company     
guaranty 2 1/4s, 2038  8,600,000  6,321,000 
Penn Virginia Corp. cv. sr. unsec. sub. notes 4 1/2s,     
2012  6,590,000  6,234,733 
St. Mary Land & Exploration Co. cv. sr. unsec. notes     
3 1/2s, 2027  5,500,000  5,390,000 
    23,316,483 

 
Pharmaceuticals (3.9%)     
Biovail Corp. 144A cv. sr. notes 5 3/8s, 2014 (Canada)  2,700,000  3,202,011 
Cephalon, Inc. cv. sr. sub. notes 2 1/2s, 2014  5,880,000  6,541,500 
King Pharmaceuticals, Inc. cv. company guaranty sr.     
unsub. notes 1 1/4s, 2026  6,200,000  5,611,000 
Teva Pharmaceutical Finance, LLC cv. company guaranty     
sr. unsec. debs Ser. C, 1/4s, 2026 (Israel)  7,300,000  9,006,375 
    24,360,886 

 
Real estate (1.4%)     
Alexandria Real Estate Equities, Inc. 144A cv. company     
guaranty sr. unsec. notes 3.7s, 2027 (R)  5,300,000  5,048,250 
General Growth Properties, Inc. 144A cv. sr. notes     
3.98s, 2027 (In default) (NON)(R)  3,600,000  3,393,000 
    8,441,250 

 
Retail (2.0%)     
Iconix Brand Group, Inc. cv. sr. sub. notes 1 7/8s,     
2012  3,200,000  2,868,000 
Pantry, Inc. (The) cv. company guaranty sr. unsec.     
sub. notes 3s, 2012  4,400,000  3,894,000 
Pantry, Inc. (The) 144A cv. sr. sub. notes 3s, 2012  2,600,000  2,301,000 
Rite Aid Corp. cv. sr. unsec. unsub. notes 8 1/2s, 2015  3,185,000  3,113,338 
    12,176,338 

 
Semiconductor (0.7%)     
Linear Technology Corp. cv. sr. unsec. unsub. notes     
Ser. A, 3s, 2027  4,800,000  4,524,000 
    4,524,000 

 
Services - staples (1.1%)     



Stewart Enterprises, Inc. cv. sr. unsec. notes 3 3/8s,     
2016  8,100,000  6,652,125 
    6,652,125 

 
Software (5.9%)     
Cadence Design Systems, Inc. cv. sr. unsec. notes     
1 1/2s, 2013  500,000  412,500 
Cadence Design Systems, Inc. 144A cv. sr. unsec. notes     
1 1/2s, 2013  3,100,000  2,557,500 
Macrovision Corp. cv. sr. unsec. notes 2 5/8s, 2011  3,770,000  4,354,350 
Macrovision Corp. 144A cv. sr. unsec. notes 2 5/8s,     
2011  3,000,000  3,465,000 
Safeguard Scientifics, Inc. 144A cv. sr. unsec. notes     
2 5/8s, 2024  8,600,000  8,256,000 
Sybase, Inc. 144A cv. sr. unsec. unsub. notes 3 1/2s,     
2029  6,935,000  7,836,550 
Symantec Corp. cv. sr. unsec. notes 1s, 2013  4,400,000  4,724,500 
SYNNEX Corp. 144A cv. sr. notes 4s, 2018  4,100,000  4,638,125 
    36,244,525 

 
Technology (2.4%)     
Acquicor Technology, Inc. 144A cv. notes 8s, 2011  3,422,000  3,028,470 
CACI International, Inc. cv. sr. unsec. sub. notes     
2 1/8s, 2014  2,100,000  2,184,000 
CACI International, Inc. 144A cv. sr. unsec. sub.     
notes 2 1/8s, 2014  3,720,000  3,868,800 
ON Semiconductor Corp. cv. company guaranty sr. unsec.     
sub. notes 2 5/8s, 2026  785,000  773,225 
ON Semiconductor Corp. 144A cv. company guaranty sr.     
unsec. sub. notes 2 5/8s, 2026  5,300,000  5,220,500 
    15,074,995 

 
Telecommunications (1.9%)     
Level 3 Communications, Inc. cv. sr. unsec. unsub.     
notes 5 1/4s, 2011  1,700,000  1,625,625 
Level 3 Communications, Inc. cv. sr. unsec. unsub.     
notes 3 1/2s, 2012  7,675,000  6,984,250 
NII Holdings, Inc. 144A cv. sr. unsec. notes 3 1/8s,     
2012  3,500,000  3,206,875 
    11,816,750 

 
Telephone (1.0%)     
Leap Wireless International, Inc. cv. sr. unsec. notes     
4 1/2s, 2014  7,210,000  6,056,400 
    6,056,400 

Total convertible bonds and notes (cost $410,081,589)    $439,678,779 
 
CONVERTIBLE PREFERRED SECURITIES (19.5%)(a)     
  Shares  Value 

 
Automotive (0.7%)     
Ford Motor Co. Capital Trust II $3.25 cum. cv. pfd.  102,000  $4,296,750 
    4,296,750 

 
Banking (4.3%)     
Bank of America Corp. 10.00% cv. pfd. (NON)  90,000  1,359,000 
Bank of America Corp. Ser. L, 7.25% cv. pfd.  13,100  11,855,500 
Citigroup, Inc. $7.50 cv. pfd.  47,500  4,965,650 
Wells Fargo & Co. Ser. L, 7.50% cv. pfd.  9,175  8,648,355 
    26,828,505 

 
Building materials (0.8%)     
Stanley Works (The) 5.125% units cv. ARP  5,531,000  5,089,073 
    5,089,073 

 
Chemicals (0.7%)     
Celanese Corp. $1.063 cum. cv. pfd.  112,400  4,125,080 
    4,125,080 

 
Combined utilities (1.1%)     
El Paso Corp. 4.99% cv. pfd.  6,900  6,486,000 
    6,486,000 

 
Electric utilities (1.0%)     
Great Plains Energy, Inc. $6.00 cv. pfd.  95,439  5,975,436 
    5,975,436 

 
Financials (0.1%)     
Fannie Mae Ser. 04-1, 5.375% cv. pfd.  100  325,000 
    325,000 

 
Food (1.8%)     
Bunge, Ltd. 5.125% cum. cv. pfd.  9,300  5,572,634 
Dole Food Automatic Exchange 144A 7.00% cv. pfd. (NON)  510,505  5,375,618 



    10,948,252 

 
Health-care services (0.2%)     
Omnicare Capital Trust II Ser. B, $2.00 cv. pfd.  32,222  1,220,408 
    1,220,408 

 
Insurance (2.0%)     
Assured Guaranty, Ltd. $4.25 cv. pfd. (Bermuda)  51,500  4,824,520 
XL Capital, Ltd. $2.687 cv. pfd.  290,400  7,530,072 
    12,354,592 

 
Investment banking/Brokerage (--%)     
Lehman Brothers Holdings, Inc. Ser. P, 7.25% cv. pfd.     
(In default) (NON)  13,400  37,386 
    37,386 

 
Media (1.1%)     
Interpublic Group of Companies, Inc. (The) Ser. B,     
5.25% cv. pfd.  9,600  6,840,000 
    6,840,000 

 
Metals (2.7%)     
Freeport-McMoRan Copper & Gold, Inc. $6.75 cv. pfd.  101,000  9,935,875 
Vale Capital, Ltd. Ser. RIO, $2.75 cv. pfd. (Brazil)  136,760  6,821,589 
    16,757,464 

 
Oil and gas (0.7%)     
Whiting Petroleum Corp. $6.25 cum. cv. pfd  26,600  4,483,763 
    4,483,763 

 
Power producers (0.1%)     
AES Trust III $3.375 cv. pfd.  19,600  897,925 
    897,925 

 
Telecommunications (1.4%)     
Crown Castle International Corp. $3.125 cum. cv. pfd.  150,000  8,540,625 
    8,540,625 

 
Tobacco (0.8%)     
Universal Corp. 6.75% cv. pfd.  4,788  5,242,860 
    5,242,860 

Total convertible preferred securities (cost $134,299,364)    $120,449,119 
 
COMMON STOCKS (7.5%)(a)     
  Shares  Value 

 
Banking (0.5%)     
Bank of America Corp.  55,000  $834,900 
Wells Fargo & Co.  78,700  2,237,441 
    3,072,341 

 
Cable television (1.7%)     
Comcast Corp. Class A  387,500  6,134,125 
DIRECTV Class A (NON) (S)  146,500  4,446,275 
    10,580,400 

 
Energy (other) (--%)     
Brazil Ethanol, Inc. 144A (Unit) (NON)  312,500  3,125 
    3,125 

 
Insurance (0.8%)     
Aflac, Inc.  94,800  4,591,164 
    4,591,164 

 
Investment banking/Brokerage (0.3%)     
Goldman Sachs Group, Inc. (The)  13,900  2,067,208 
    2,067,208 

 
Medical technology (1.2%)     
Medtronic, Inc.  173,100  7,424,259 
    7,424,259 

 
Oil and gas (1.0%)     
Newfield Exploration Co. (NON)  124,200  6,078,348 
    6,078,348 

 
Software (0.5%)     
Oracle Corp.  129,300  2,981,658 
    2,981,658 




Telecommunications (1.0%)     
NII Holdings, Inc. (NON)  188,100  6,158,394 
    6,158,394 

 
Telephone (0.5%)     
Qwest Communications International, Inc.  722,100  3,040,041 
    3,040,041 

Total common stocks (cost $46,678,202)    $45,996,938 
 
CORPORATE BONDS AND NOTES (0.6%)(a)     
  Principal amount  Value 

Unisys Corp. 144A company guaranty sr. sub. notes     
14 1/4s, 2015  $2,900,000  $3,407,500 

Total corporate bonds and notes (cost $3,162,983)    $3,407,500 
 
SHORT-TERM INVESTMENTS (0.9%)(a)     
  Principal amount/shares  Value 

Putnam Money Market Liquidity Fund (e)  2,271,434  $2,271,434 
Short-term investments held as collateral for loaned     
securities with yields ranging from 0.09% to 0.27% and     
due dates ranging from February 1, 2010 to     
March 23, 2010 (d)  $3,552,335  3,552,000 

Total short-term investments (cost $5,823,434)    $5,823,434 
 
TOTAL INVESTMENTS     
 
Total investments (cost $600,045,572) (b)    $615,355,770 



Key to holding's abbreviations

ARP Adjustable Rate Preferred Stock

FRN Floating Rate Notes

NOTES

(a) Percentages indicated are based on net assets of $616,786,720.

(b) The aggregate identified cost on a tax basis is $601,348,117, resulting in gross unrealized appreciation and depreciation of $61,600,860 and $47,593,207, respectively, or net unrealized appreciation of $14,007,653.

(NON) Non-income-producing security.

(STP) The interest rate and date shown parenthetically represent the new interest rate to be paid and the date the fund will begin accruing interest at this rate.

(d) The fund may lend securities, through its agents, to qualified borrowers in order to earn additional income. The loans are collateralized by cash and/or securities in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agents; the fund will bear the risk of loss with respect to the investment of the cash collateral. At January 31, 2010, the value of securities loaned amounted to $3,368,850. The fund received cash collateral of $3,552,000 which is pooled with collateral of other Putnam funds into 37 issues of short-term investments.

(e) The fund invested in Putnam Money Market Liquidity Fund, an open-end management investment company managed by Putnam Investment Management, LLC ("Putnam Management"), the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC. Investments in Putnam Money Market Liquidity Fund are valued at its closing net asset value each business day. Income distributions earned by the fund are recorded as interest income and totaled $5,415 for the period ended January 31, 2010. During the period ended January 31, 2010, cost of purchases and proceeds of sales of investments in Putnam Money Market Liquidity Fund aggregated $61,355,508 and $68,403,479, respectively. Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management.

(R) Real Estate Investment Trust.

(S) Securities on loan, in part or in entirety, at January 31, 2010.

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 rates shown on ARP and FRN are the current interest rates at January 31, 2010.

The dates shown on debt obligations are the original maturity dates.

Security valuation: Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets. If no sales are reported-- as in the case of some securities traded over-the-counter-- a security is valued at its last reported bid price. Market quotations are not considered to be readily available for certain debt obligations; such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which considers such factors as security prices, yields, maturities and ratings) . Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign equity securities taking into account multiple factors, including movements in the U.S. securities markets. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the



Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount.



Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures ("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 January 31, 2010:

    Valuation inputs   

Investments in securities:  Level 1  Level 2  Level 3 

Common stocks:       

Communication services  $19,778,835  $--  $-- 

Energy  6,078,348  3,125  -- 

Financials  9,730,713  --  -- 

Health care  7,424,259  --  -- 

Technology  2,981,658  --  -- 

Total common stocks  45,993,813  3,125  -- 

 
 
 
Convertible bonds and notes  --  439,678,779  -- 

Convertible preferred securities  1,359,000  119,090,119  -- 

Corporate bonds and notes  --  3,407,500  -- 

Short-term investments  2,271,434  3,552,000  -- 

Totals by level  $49,624,247  $565,731,523  $-- 


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 Convertible Income-Growth Trust

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: March 31, 2010

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: March 31, 2010

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: March 31, 2010