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: | Beth S. Mazor, Vice President One Post Office Square Boston, Massachusetts 02109 |
Copy to:     | John W. Gerstmayr, Esq. Ropes & Gray LLP 800 Boylston Street Boston, Massachusetts 02199-3600 |
Registrant’s telephone number, including area code: | (617) 292-1000 |
Date of fiscal year end: | September 30, 2011 |
Date of reporting period: | June 30, 2011 |
Item 1. Schedule of Investments: |
Putnam Money Market Fund | ||||||
The fund's portfolio | ||||||
6/30/11 (Unaudited) | ||||||
REPURCHASE AGREEMENTS (31.1%)(a) | ||||||
Principal amount | Value | |||||
Interest in $106,000,000 joint tri-party repurchase agreement dated June 30, 2011 with BNP Paribas SA due July 1, 2011 - maturity value of $37,000,103 for an effective yield of 0.10% (collateralized by various corporate bonds and notes with coupon rates ranging from 3.984% to 9.875% and due dates ranging from a bond that matures on November 30, 2015 to a perpetual bond that does not have a predetermined maturity date, valued at $111,300,000) | $37,000,000 | $37,000,000 | ||||
Interest in $300,000,000 joint tri-party repurchase agreement dated June 30, 2011 with BNP Paribas SA due July 1, 2011 - maturity value of $90,000,125 for an effective yield of 0.05% (collateralized by various Government National Mortgage Association securities with coupon rates ranging from 4.50% to 5.00% and due dates ranging from April 20, 2039 to April 20, 2041, valued at $306,000,000) | 90,000,000 | 90,000,000 | ||||
Interest in $400,000,000 joint tri-party repurchase agreement dated June 30, 2011 with Citigroup Global Markets, Inc. due July 1, 2011 - maturity value of $90,000,200 for an effective yield of 0.08% (collateralized by various mortgage-backed securities with coupon rates ranging from 3.358% to 6.00% and due dates ranging from February 1, 2025 to April 1, 2041, valued at $408,000,000) | 90,000,000 | 90,000,000 | ||||
Interest in $136,747,000 joint tri-party repurchase agreement dated June 30, 2011 with Deutsche Bank Securities, Inc. due July 1, 2011 - maturity value of $92,646,129 for an effective yield of 0.05% (collateralized by various Federal National Mortgage Association securities with coupon rates ranging from 5.00% to 6.50% and due dates ranging from January 1, 2039 to April 1, 2041, valued at $139,481,940) | 92,646,000 | 92,646,000 | ||||
Interest in $325,000,000 joint tri-party repurchase agreement dated June 30, 2011 with Goldman Sachs & Co. due July 1, 2011 - maturity value of $90,000,075 for an effective yield of 0.03% (collateralized by various mortgage-backed securities with coupon rates ranging from 2.21% to 7.00% and due dates ranging from February 1, 2014 to June 1, 2041, valued at $331,500,000) | 90,000,000 | 90,000,000 | ||||
Interest in $56,000,000 joint tri-party repurchase agreement dated June 30, 2011 with JPMorgan Securities, Inc. due July 1, 2011 - maturity value of $37,000,123 for an effective yield of 0.12% (collateralized by various corporate bonds and notes with coupon rates ranging from 3.75% to 10.00% and due dates ranging from November 15, 2014 to March 15, 2023, valued at $58,804,984) | 37,000,000 | 37,000,000 | ||||
Interest in $250,000,000 joint tri-party repurchase agreement dated June 30, 2011 with Merrill Lynch & Co., Inc. due July 1, 2011 - maturity value of $90,000,125 for an effective yield of 0.05% (collateralized by various mortgage-backed securities with coupon rates ranging from 1.999% to 5.50% and due dates ranging from June 1, 2025 to January 1, 2041, valued at $255,000,001) | 90,000,000 | 90,000,000 | ||||
Interest in $39,000,000 tri-party term repurchase agreement dated February 4, 2011 with Merrill Lynch & Co., Inc. due November 4, 2011, 0.26% FRN (collateralized by General Electric Capital Corp. corporate bonds and notes with a coupon rate of 5.625% and a due date of September 15, 2017, valued at $40,950,001) (TR) | 39,000,000 | 39,000,000 | ||||
Total repurchase agreements (cost $565,646,000) | $565,646,000 | |||||
ASSET-BACKED COMMERCIAL PAPER (21.9%)(a) | ||||||
Yield (%) | Maturity date | Principal amount | Value | |||
Alpine Securitization (Switzerland) | 0.130 | 7/11/11 | $11,700,000 | $11,699,573 | ||
Bryant Park Funding, LLC | 0.170 | 7/20/11 | 8,650,000 | 8,649,224 | ||
Bryant Park Funding, LLC | 0.130 | 7/12/11 | 9,500,000 | 9,499,623 | ||
CHARTA, LLC | 0.020 | 7/1/11 | 13,200,000 | 13,200,000 | ||
CIESCO, LLC | 0.070 | 7/7/11 | 9,850,000 | 9,849,885 | ||
CIESCO, LLC | 0.020 | 7/1/11 | 9,850,000 | 9,850,000 | ||
Fairway Finance, LLC (Canada) | 0.170 | 7/13/11 | 3,000,000 | 2,999,830 | ||
Fairway Finance, LLC (Canada) | 0.140 | 8/8/11 | 18,948,000 | 18,945,200 | ||
Fairway Finance, LLC (Canada) | 0.130 | 7/20/11 | 5,000,000 | 4,999,657 | ||
Falcon Asset Securitization Co., LLC | 0.140 | 7/15/11 | 1,200,000 | 1,199,935 | ||
Falcon Asset Securitization Co., LLC | 0.130 | 7/12/11 | 16,300,000 | 16,299,353 | ||
FCAR Owner Trust I | 0.220 | 7/12/11 | 27,500,000 | 27,498,151 | ||
Govco, Inc. | 0.120 | 7/8/11 | 9,000,000 | 8,999,790 | ||
Jupiter Securitization Co., LLC | 0.170 | 9/1/11 | 9,200,000 | 9,197,306 | ||
Jupiter Securitization Co., LLC | 0.130 | 7/13/11 | 9,200,000 | 9,199,601 | ||
Liberty Street Funding, LLC (Canada) | 0.230 | 7/7/11 | 5,000,000 | 4,999,808 | ||
Liberty Street Funding, LLC (Canada) | 0.220 | 7/18/11 | 9,900,000 | 9,898,972 | ||
Liberty Street Funding, LLC (Canada) | 0.140 | 7/27/11 | 900,000 | 899,909 | ||
Liberty Street Funding, LLC (Canada) | 0.140 | 7/12/11 | 4,408,000 | 4,407,811 | ||
Manhattan Asset Funding Co., LLC (Japan) | 0.290 | 7/6/11 | 9,000,000 | 8,999,638 | ||
Manhattan Asset Funding Co., LLC (Japan) | 0.230 | 7/18/11 | 3,200,000 | 3,199,652 | ||
Manhattan Asset Funding Co., LLC (Japan) | 0.210 | 7/8/11 | 6,000,000 | 5,999,755 | ||
Northern Pines Funding, LLC (Germany) | 0.230 | 8/8/11 | 9,000,000 | 8,997,815 | ||
Northern Pines Funding, LLC (Germany) | 0.210 | 8/24/11 | 9,200,000 | 9,197,102 | ||
Old Line Funding Corp. | 0.140 | 7/22/11 | 15,615,000 | 15,613,728 | ||
Old Line Funding Corp. | 0.140 | 7/21/11 | 2,800,000 | 2,799,782 | ||
Starbird Funding Corp. | 0.150 | 7/8/11 | 5,606,000 | 5,605,836 | ||
Straight-A Funding, LLC | 0.200 | 7/5/11 | 10,500,000 | 10,499,767 | ||
Straight-A Funding, LLC | 0.180 | 8/4/11 | 20,470,000 | 20,466,520 | ||
Straight-A Funding, LLC | 0.150 | 8/16/11 | 24,000,000 | 23,995,400 | ||
Thunder Bay Funding, Inc. | 0.130 | 7/21/11 | 600,000 | 599,957 | ||
Thunder Bay Funding, Inc. | 0.130 | 7/13/11 | 18,011,000 | 18,010,220 | ||
Variable Funding Capital Co., LLC | 0.150 | 8/11/11 | 4,000,000 | 3,999,317 | ||
Variable Funding Capital Co., LLC | 0.150 | 8/2/11 | 4,750,000 | 4,749,367 | ||
Variable Funding Capital Co., LLC | 0.120 | 7/29/11 | 18,600,000 | 18,598,264 | ||
Victory Receivables Corp. (Japan) | 0.270 | 8/2/11 | 13,000,000 | 12,996,880 | ||
Victory Receivables Corp. (Japan) | 0.270 | 7/19/11 | 14,610,000 | 14,608,028 | ||
Windmill Funding Corp. (United Kingdom) | 0.140 | 7/15/11 | 8,500,000 | 8,499,537 | ||
Working Capital Management Co. (Japan) | 0.220 | 7/5/11 | 9,200,000 | 9,199,775 | ||
Working Capital Management Co. (Japan) | 0.150 | 7/1/11 | 9,600,000 | 9,600,000 | ||
Total asset-backed commercial paper (cost $398,529,968) | $398,529,968 | |||||
COMMERCIAL PAPER (13.7%)(a) | ||||||
Yield (%) | Maturity date | Principal amount | Value | |||
Bank of Nova Scotia (Canada) | 0.240 | 9/1/11 | $7,400,000 | $7,396,941 | ||
Barclays Bank, PLC 144A, Ser. 10-1 (United Kingdom) | 0.290 | 9/9/11 | 18,300,000 | 18,289,681 | ||
Commonwealth Bank of Austrailia (Australia) | 0.205 | 10/4/11 | 11,400,000 | 11,393,833 | ||
Commonwealth Bank of Austrailia (Australia) | 0.185 | 9/15/11 | 2,070,000 | 2,069,192 | ||
Commonwealth Bank of Austrailia 144A (Australia) | 0.276 | 6/8/12 | 14,000,000 | 14,000,000 | ||
DnB NOR Bank ASA (Norway) | 0.275 | 12/7/11 | 22,600,000 | 22,572,550 | ||
DnB NOR Bank ASA (Norway) | 0.215 | 7/6/11 | 5,000,000 | 4,999,851 | ||
General Electric Capital Services | 0.190 | 9/21/11 | 9,500,000 | 9,495,889 | ||
General Electric Capital Services | 0.100 | 8/30/11 | 9,900,000 | 9,898,350 | ||
HSBC USA, Inc. (United Kingdom) | 0.170 | 9/28/11 | 10,000,000 | 9,995,797 | ||
HSBC USA, Inc. (United Kingdom) | 0.140 | 8/29/11 | 10,000,000 | 9,997,706 | ||
Lloyds TSB Bank PLC (United Kingdom) | 0.290 | 8/31/11 | 12,000,000 | 11,994,103 | ||
Lloyds TSB Bank PLC (United Kingdom) | 0.210 | 9/1/11 | 6,300,000 | 6,297,722 | ||
Nationwide Building Society 144A (United Kingdom) | 0.200 | 8/2/11 | 9,900,000 | 9,898,240 | ||
Nordea North America, Inc. (Sweden) | 0.225 | 10/21/11 | 27,000,000 | 26,981,100 | ||
Rabobank USA Financial Corp. (Netherlands) | 0.210 | 9/6/11 | 17,000,000 | 16,993,356 | ||
Roche Holdings, Inc. (Switzerland) | 0.100 | 8/3/11 | 11,000,000 | 10,998,992 | ||
Royal Bank of Scotland Group PLC (United Kingdom) | 0.180 | 7/18/11 | 4,800,000 | 4,799,592 | ||
State Street Corp. | 0.180 | 9/9/11 | 10,350,000 | 10,346,378 | ||
State Street Corp. | 0.160 | 8/9/11 | 10,500,000 | 10,498,180 | ||
Toronto Dominion Holdings (USA) 144A (Canada) | 0.140 | 8/15/11 | 2,300,000 | 2,299,598 | ||
Westpac Banking Corp./NY (Australia) | 0.195 | 9/6/11 | 18,000,000 | 17,993,468 | ||
Total commercial paper (cost $249,210,519) | $249,210,519 | |||||
MUNICIPAL BONDS AND NOTES (8.9%)(a) | ||||||
Yield (%) | Maturity date | Rating(RAT) | Principal amount | Value | ||
California (0.3%) | ||||||
California Educational Facilities Authority Commercial Paper (Stanford University), Ser. STAN | 0.200 | 8/19/11 | P-1 | $6,000,000 | $6,000,000 | |
6,000,000 | ||||||
Connecticut (0.6%) | ||||||
Yale University Commercial Paper | 0.190 | 7/20/11 | P-1 | 10,000,000 | 9,998,997 | |
9,998,997 | ||||||
Kentucky (0.6%) | ||||||
Kentucky Economic Development Finance Authority VRDN (Catholic Health Initiatives), Ser. C(M) | 0.050 | 5/1/34 | VMIG1 | 11,000,000 | 11,000,000 | |
11,000,000 | ||||||
Maryland (1.7%) | ||||||
Howard County Commercial Paper | 0.160 | 7/6/11 | P-1 | 2,750,000 | 2,750,000 | |
Johns Hopkins University Commercial Paper, Ser. A | 0.250 | 8/1/11 | P-1 | 9,700,000 | 9,700,000 | |
Johns Hopkins University Commercial Paper, Ser. A | 0.240 | 8/15/11 | P-1 | 6,000,000 | 6,000,000 | |
Johns Hopkins University Commercial Paper, Ser. A | 0.240 | 8/2/11 | P-1 | 5,614,000 | 5,614,000 | |
Johns Hopkins University Commercial Paper, Ser. A | 0.160 | 7/6/11 | P-1 | 6,000,000 | 6,000,000 | |
30,064,000 | ||||||
Massachusetts (1.1%) | ||||||
Harvard University Commercial Paper | 0.180 | 10/3/11 | P-1 | 4,200,000 | 4,198,026 | |
Massachusetts Health & Educational Facilities Authority Commercial Paper (Harvard University), Ser. EE | 0.220 | 8/1/11 | P-1 | 15,000,000 | 15,000,000 | |
19,198,026 | ||||||
New Hampshire (0.2%) | ||||||
New Hampshire Health & Education Facilities Authority VRDN (University of New Hampshire), Ser. B(M)(FWC) | 0.040 | 7/1/33 | VMIG1 | 2,975,000 | 2,975,000 | |
2,975,000 | ||||||
Ohio (0.1%) | ||||||
Columbus, Sewer VRDN, Ser. B(M) | 0.050 | 6/1/32 | VMIG1 | 2,530,000 | 2,530,000 | |
2,530,000 | ||||||
Oklahoma (0.2%) | ||||||
Oklahoma State Capitol Improvement Authority State Facilities VRDN (Higher Education), Ser. D2(M) | 0.250 | 7/1/32 | VMIG1 | 2,800,000 | 2,800,000 | |
2,800,000 | ||||||
Tennessee (0.6%) | ||||||
Metropolitan Government Nashville & Davidson County, Health & Educational Facilities Board VRDN (Vanderbilt University), Ser. A-1(M) | 0.060 | 10/1/44 | VMIG1 | 11,500,000 | 11,500,000 | |
11,500,000 | ||||||
Texas (1.2%) | ||||||
Board of Regents of Texas Technical University Revenue Financing System Commercial Paper, Ser. A | 0.160 | 9/8/11 | P-1 | 7,350,000 | 7,350,000 | |
Harris County, Health Facilities Development Corp. Hospital VRDN (Texas Childrens Hospital), Ser. B-1(M) | 0.100 | 10/1/29 | VMIG1 | 3,920,000 | 3,920,000 | |
Houston, Independent School District VRDN (Schoolhouse), PSFG(M) | 0.130 | 6/15/31 | VMIG1 | 5,165,000 | 5,165,000 | |
University of Texas System Board of Regents Revenue Financing System Commercial Paper, Ser. A | 0.160 | 9/8/11 | P-1 | 5,476,000 | 5,476,000 | |
21,911,000 | ||||||
Virginia (1.2%) | ||||||
Regents of University of Virginia Commercial Paper, Ser. 03-A | 0.160 | 7/5/11 | P-1 | 8,000,000 | 8,000,000 | |
Regents of University of Virginia Commercial Paper, Ser. 03-A | 0.140 | 7/5/11 | P-1 | 14,500,000 | 14,500,000 | |
22,500,000 | ||||||
Wisconsin (1.1%) | ||||||
Wisconsin State Health & Educational Facilities Authority VRDN (Wheaton Franciscan Services), Ser. B (U.S. Bank NA (LOC))(M) | 0.060 | 8/15/33 | VMIG1 | 20,900,000 | 20,900,000 | |
20,900,000 | ||||||
Total municipal bonds and notes (cost $161,377,023) | $161,377,023 | |||||
U.S. GOVERNMENT AGENCY OBLIGATIONS (7.4%)(a) | ||||||
Yield (%) | Maturity date | Principal amount | Value | |||
Citigroup, Inc. FDIC guaranteed notes(k) | 2.875 | 12/9/11 | $3,100,000 | $3,134,950 | ||
Federal Home Loan Bank discount notes | 0.115 | 8/24/11 | 5,300,000 | 5,299,086 | ||
Federal Home Loan Bank discount notes | 0.090 | 8/26/11 | 16,300,000 | 16,297,718 | ||
Federal Home Loan Mortgage Corp. discount notes | 0.190 | 9/19/11 | 4,400,000 | 4,398,142 | ||
Federal Home Loan Mortgage Corp. discount notes | 0.176 | 9/14/11 | 18,500,000 | 18,493,219 | ||
Federal Home Loan Mortgage Corp. discount notes | 0.150 | 7/27/11 | 2,200,000 | 2,199,762 | ||
Federal Home Loan Mortgage Corp. discount notes | 0.134 | 8/29/11 | 13,450,000 | 13,447,056 | ||
Federal Home Loan Mortgage Corp. discount notes | 0.100 | 7/8/11 | 1,000,000 | 999,981 | ||
Federal National Mortgage Association discount notes | 0.110 | 8/24/11 | 7,966,000 | 7,964,686 | ||
Federal National Mortgage Association discount notes | 0.101 | 8/22/11 | 27,100,000 | 27,096,040 | ||
General Electric Capital Corp. FDIC guaranteed notes, FRN, MTN, Ser. G | 1.182 | 12/9/11 | 7,000,000 | 7,030,927 | ||
General Electric Capital Corp. FDIC guaranteed notes, MTN, Ser. G(k) | 3.000 | 12/9/11 | 22,453,000 | 22,719,286 | ||
Wells Fargo & Co. FDIC guaranteed notes(k) | 3.000 | 12/9/11 | 4,786,000 | 4,842,610 | ||
Total U.S. government agency obligations (cost $133,923,463) | $133,923,463 | |||||
CERTIFICATES OF DEPOSIT (6.1%)(a) | ||||||
Interest rate (%) | Maturity date | Principal amount | Value | |||
Australia & New Zealand Banking Group, Ltd. (Australia) | 0.250 | 11/16/11 | $7,500,000 | $7,500,000 | ||
Australia & New Zealand Banking Group, Ltd. (Australia) | 0.230 | 7/7/11 | 20,000,000 | 20,000,000 | ||
ING Bank NV (Netherlands) | 0.220 | 7/18/11 | 10,000,000 | 10,000,000 | ||
National Australia Bank/New York FRN (Australia) | 0.220 | 10/6/11 | 28,000,000 | 28,000,000 | ||
Natixis/New York, NY FRN (France) | 0.245 | 7/1/11 | 9,625,000 | 9,625,000 | ||
Svenska Handelsbanken/New York, NY (Sweden) | 0.240 | 7/6/11 | 1,900,000 | 1,900,038 | ||
Toronto-Dominion Bank/NY (Canada) | 0.235 | 11/10/11 | 25,000,000 | 25,000,000 | ||
Westpac Banking Corp./NY (Australia) | 0.230 | 12/9/11 | 9,250,000 | 9,249,096 | ||
Total certificates of deposit (cost $111,274,134) | $111,274,134 | |||||
U.S. TREASURY OBLIGATIONS (4.5%)(a) | ||||||
Interest rate (%) | Maturity date | Principal amount | Value | |||
U.S. Treasury Notes | 1.125 | 1/15/12 | $39,500,000 | $39,671,848 | ||
U.S. Treasury Notes | 1.000 | 10/31/11 | 21,775,000 | 21,829,981 | ||
U.S. Treasury Notes | 0.750 | 11/30/11 | 20,000,000 | 20,040,301 | ||
Total U.S. treasury obligations (cost $81,542,130) | $81,542,130 | |||||
SHORT-TERM INVESTMENT FUND (4.5%)(a) | ||||||
Shares | Value | |||||
Putnam Money Market Liquidity Fund 0.04%(e) | 81,262,121 | $81,262,121 | ||||
Total short-term investment fund (cost $81,262,121) | $81,262,121 | |||||
CORPORATE BONDS AND NOTES (2.9%)(a) | ||||||
Interest rate (%) | Maturity date | Principal amount | Value | |||
Royal Bank of Canada 144A sr. unsec. notes FRN (Canada)(M) | 0.647 | 5/15/14 | $29,425,000 | $29,429,073 | ||
Svenska Handelsbanken/New York, NY 144A FRN (Sweden)(M) | 0.292 | 6/8/17 | 23,500,000 | 23,500,000 | ||
Total corporate bonds and notes (cost $52,929,073) | $52,929,073 | |||||
TOTAL INVESTMENTS | ||||||
Total investments (cost $1,835,694,431)(b) | $1,835,694,431 | |||||
Key to holding's abbreviations | |||
FDIC Guaranteed | Federal Deposit Insurance Corp. Guaranteed | ||
FRN | Floating Rate Notes | ||
LOC | Letter of credit | ||
MTN | Medium Term Notes | ||
PSFG | Permanent School Fund Guaranteed | ||
VRDN | Variable Rate Demand 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, 2010 through June 30, 2011 (the reporting period). | |||||
(a) | Percentages indicated are based on net assets of $1,819,157,382. | ||||
(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. The rating of an insured security represents what is believed to be the most recent rating of the insurer's claims-paying ability available at the close of the reporting period and does not reflect any subsequent changes. Security ratings are defined in the Statement of Additional Information. | ||||
(b) | The aggregate identified cost on a financial reporting and tax basis is the same. | ||||
(FWC) | Forward commitment, in part or in entirety. | ||||
(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 $42,077 for the reporting period. During the reporting period, cost of purchases and proceeds of sales of investments in Putnam Money Market Liquidity Fund aggregated $360,169,543 and $278,907,422, respectively. Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. | ||||
(k) | The rates shown are the current interest rates at the close of the reporting period. | ||||
(M) | The security's effective maturity date is less than one year. | ||||
(TR) | Maturity value of a term repurchase agreement will equal the principal amount of the repurchase agreement plus interest. | ||||
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 FRN and VRDN are the current interest rates at the close of the reporting period. | |||||
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 (as a percentage of Portfolio Value): | |||||
United States | 71.5% | ||||
Canada | 6.1 | ||||
Australia | 6.0 | ||||
United Kingdom | 4.3 | ||||
Japan | 3.5 | ||||
Sweden | 2.9 | ||||
Norway | 1.5 | ||||
Netherlands | 1.5 | ||||
Switzerland | 1.2 | ||||
Germany | 1.0 | ||||
France | 0.5 | ||||
Total | 100.0% | ||||
Security valuation: The valuation of the fund’s portfolio instruments is determined by means of the amortized cost method (which approximates market 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 market 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. |
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 the close of the reporting period: | ||||
Valuation inputs | ||||
| ||||
Investments in securities: | Level 1 | Level 2 | Level 3 | |
Asset-backed commercial paper | $— | $398,529,968 | $— | |
Certificates of deposit | — | 111,274,134 | — | |
Commercial paper | — | 249,210,519 | — | |
Corporate bonds and notes | — | 52,929,073 | — | |
Municipal bonds and notes | — | 161,377,023 | — | |
Repurchase agreements | — | 565,646,000 | — | |
U.S. Government Agency Obligations | — | 133,923,463 | — | |
U.S. Treasury Obligations | — | 81,542,130 | — | |
Short-term investment fund | 81,262,121 | — | — | |
|
|
|
||
Totals by level | $81,262,121 | $1,754,432,310 | $— | |
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, 2011 |
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, 2011 |
By (Signature and Title): |
/s/ Steven D. Krichmar Steven D. Krichmar Principal Financial Officer Date: August 26, 2011 |
Certifications | |
I, Jonathan S. Horwitz, 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/ Jonathan S. Horwitz | |
_____________________________ | |
Date: August 25, 2011 | |
Jonathan S. Horwitz | |
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: | |
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/ Steven D. Krichmar | |
_______________________________ | |
Date: August 25, 2011 | |
Steven D. Krichmar | |
Principal Financial Officer | |
Attachment A | |
NQ | |
Period (s) ended June 30, 2011 | |
Putnam Master Intermediate Income Trust | |
Putnam California Tax Exempt Income Fund | |
Putnam American Government Income Fund | |
Putnam Tax Exempt Income Fund | |
Putnam International Growth Fund | |
Putnam U.S. Government Income Trust | |
Putnam Money Market Fund | |
Putnam Money Market Liquidity Fund | |
Putnam Tax Exempt Money Market Fund | |
Putnam Diversified Income Trust | |
Putnam Asset Allocation: Balanced Portfolio | |
Putnam Asset Allocation: Growth Portfolio | |
Putnam Asset Allocation: Conservative Portfolio |