-----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, AAS1kT8c+s45hgWM4UrqNNctUeKVjWrR05X7C0Gxg3yKUvNgMUbBHA2YyePiaPSx WZVL8kBLrCOinjdOBayGfw== 0000928816-05-000446.txt : 20050329 0000928816-05-000446.hdr.sgml : 20050329 20050328173406 ACCESSION NUMBER: 0000928816-05-000446 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050131 FILED AS OF DATE: 20050329 DATE AS OF CHANGE: 20050328 EFFECTIVENESS DATE: 20050329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM GLOBAL EQUITY FUND CENTRAL INDEX KEY: 0000081251 IRS NUMBER: 046145734 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01403 FILM NUMBER: 05707481 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GLOBAL GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL EQUITIES FUND DATE OF NAME CHANGE: 19900722 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM INTERNATIONAL EQUITIES FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 N-Q 1 pgef1.txt PUTNAM GLOBAL EQUITY FUND Item 1. Schedule of Investments: - -------------------------------- PUTNAM GLOBAL EQUITY FUND QUARTERLY PORTFOLIO HOLDINGS 1-31-05
Putnam Global Equity Fund - ----------------------------------------------------------------------------------------------------------- The fund's portfolio January 31, 2005 (Unaudited) Common stocks (96.7%) (a) - ----------------------------------------------------------------------------------------------------------- Number of shares Value - ----------------------------------------------------------------------------------------------------------- Advertising and Marketing Services (0.8%) - ----------------------------------------------------------------------------------------------------------- 1,820,660 WPP Group PLC (United Kingdom) $19,828,940 Aerospace and Defense (2.2%) - ----------------------------------------------------------------------------------------------------------- 337,000 Boeing Co. (The) 17,052,200 200,419 L-3 Communications Holdings, Inc. 14,311,921 422,500 Lockheed Martin Corp. 24,424,725 ------------- 55,788,846 Automotive (2.2%) - ----------------------------------------------------------------------------------------------------------- 239,530 Hyundai Motor Co. (South Korea) 13,600,630 78,800 Hyundai Motor Co. GDR 144A (South Korea) 2,226,100 26,520 Porsche AG (Preferred) (Germany) 17,283,084 284,255 Renault SA (France) 23,230,223 ------------- 56,340,037 Banking (7.4%) - ----------------------------------------------------------------------------------------------------------- 762,614 Allied Irish Banks PLC (Ireland) 15,158,364 459,200 Commerce Bancorp, Inc. (S) 26,422,368 1,008,586 Credit Agricole SA (France) 30,038,404 792,700 Depfa Bank PLC (Ireland) 13,948,270 563,200 Fubon Financial Holding Co., Ltd. 144A GDR (Taiwan) (NON) 5,603,840 2,678,500 IntesaBCI SpA (Italy) 12,437,246 323,390 National Bank of Greece SA (Greece) 10,900,159 1,132,168 Royal Bank of Scotland Group PLC (United Kingdom) 37,600,091 108,153 Royal Bank of Scotland Group PLC 144A (United Kingdom) 3,591,837 1,054,758 U.S. Bancorp 31,695,478 ------------- 187,396,057 Beverage (0.8%) - ----------------------------------------------------------------------------------------------------------- 513,004 Interbrew SA (Belgium) 19,023,076 Biotechnology (1.7%) - ----------------------------------------------------------------------------------------------------------- 709,600 Amgen, Inc. (NON) (S) 44,165,504 Broadcasting (1.3%) - ----------------------------------------------------------------------------------------------------------- 702,251 Gestevision Telecinco SA (Spain) (NON) (S) 15,194,212 1,307,190 Mediaset SpA (Italy) 18,213,531 ------------- 33,407,743 Chemicals (0.9%) - ----------------------------------------------------------------------------------------------------------- 334,130 BASF AG (Germany) 22,820,464 Commercial and Consumer Services (0.4%) - ----------------------------------------------------------------------------------------------------------- 136,300 eBay, Inc. (NON) (S) 11,108,450 Communications Equipment (1.3%) - ----------------------------------------------------------------------------------------------------------- 1,890,800 Cisco Systems, Inc. (NON) 34,110,032 Computers (0.8%) - ----------------------------------------------------------------------------------------------------------- 2,992,000 Hitachi, Ltd. (Japan) 19,900,387 Conglomerates (3.0%) - ----------------------------------------------------------------------------------------------------------- 348,700 TUI AG (Germany) 8,144,561 1,340,242 Tyco International, Ltd. (Bermuda) (S) 48,436,346 642,329 Vivendi Universal SA (France) (NON) 20,319,126 ------------- 76,900,033 Consumer Finance (3.7%) - ----------------------------------------------------------------------------------------------------------- 733,300 Countrywide Financial Corp. 27,132,100 467,300 Credit Saison Co., Ltd. (Japan) 15,901,933 1,888,450 MBNA Corp. 50,195,001 ------------- 93,229,034 Consumer Goods (0.8%) - ----------------------------------------------------------------------------------------------------------- 673,858 Reckitt Benckiser PLC (United Kingdom) 20,040,970 Electric Utilities (0.8%) - ----------------------------------------------------------------------------------------------------------- 802,724 Iberdrola SA (Spain) 19,879,139 Electrical Equipment (1.0%) - ----------------------------------------------------------------------------------------------------------- 319,921 Siemens AG (Germany) 25,436,087 Electronics (5.1%) - ----------------------------------------------------------------------------------------------------------- 28,600 Freescale Semiconductor, Inc. Class A (NON) 489,060 742,500 Freescale Semiconductor, Inc. Class B (NON) 12,971,475 1,411,100 Intel Corp. 31,679,195 233,110 LG Electronics, Inc. (South Korea) 16,056,162 655,100 Omron Corp. (Japan) 15,832,850 52,170 Samsung Electronics Co., Ltd. (South Korea) 25,194,293 1,081,600 SanDisk Corp. (NON) (S) 26,715,520 ------------- 128,938,555 Energy (1.6%) - ----------------------------------------------------------------------------------------------------------- 261,800 Cooper Cameron Corp. (NON) 14,768,138 272,400 Noble Corp. (Cayman Islands) (NON) 14,532,540 527,700 Pride International, Inc. (NON) (S) 12,342,903 ------------- 41,643,581 Financial (7.3%) - ----------------------------------------------------------------------------------------------------------- 1,567,240 Citigroup, Inc. (SEG) 76,873,122 818,800 Fannie Mae 52,878,104 451,500 Freddie Mac 29,478,435 286,900 Lehman Brothers Holdings, Inc. 26,162,411 ------------- 185,392,072 Food (0.7%) - ----------------------------------------------------------------------------------------------------------- 187,235 Groupe Danone (France) 17,449,010 Health Care Services (3.3%) - ----------------------------------------------------------------------------------------------------------- 622,400 Cardinal Health, Inc. 35,053,568 217,000 CIGNA Corp. (S) 17,414,250 136,800 Express Scripts, Inc. (NON) 10,149,192 160,500 HCA, Inc. 7,145,460 264,400 Laboratory Corp. of America Holdings (NON) (S) 12,651,540 ------------- 82,414,010 Homebuilding (1.0%) - ----------------------------------------------------------------------------------------------------------- 33,587 NVR, Inc. (NON) (S) 26,575,714 Insurance (6.3%) - ----------------------------------------------------------------------------------------------------------- 485,200 ACE, Ltd. (Cayman Islands) (S) 21,057,680 1,205,636 Aegon NV (Netherlands) 16,342,830 401,700 American International Group, Inc. 26,628,693 217,800 Everest Re Group, Ltd. (Bermuda) 18,926,820 937,748 ING Groep NV (Netherlands) 26,987,517 215,700 Radian Group, Inc. (S) 10,340,658 258,137 XL Capital, Ltd. Class A (Cayman Islands) 19,303,485 114,680 Zurich Financial Services AG (Switzerland) 19,081,161 ------------- 158,668,844 Medical Technology (1.4%) - ----------------------------------------------------------------------------------------------------------- 416,300 Medtronic, Inc. (S) 21,851,587 74,640 Nobel Biocare Holding AG (Switzerland) 13,097,492 ------------- 34,949,079 Metals (1.6%) - ----------------------------------------------------------------------------------------------------------- 480,467 Arcelor (Luxembourg) 10,721,241 623,480 SKF AB Class B (Sweden) 28,698,272 ------------- 39,419,513 Natural Gas Utilities (0.7%) - ----------------------------------------------------------------------------------------------------------- 4,234,000 Tokyo Gas Co., Ltd. (Japan) 17,518,871 Office Equipment & Supplies (1.3%) - ----------------------------------------------------------------------------------------------------------- 609,400 Canon, Inc. (Japan) 31,813,225 Oil & Gas (5.9%) - ----------------------------------------------------------------------------------------------------------- 264,400 Amerada Hess Corp. (S) 22,910,260 505,960 Canadian Natural Resources, Ltd. (Canada) 22,326,683 1,153,456 ExxonMobil Corp. 59,518,330 507,100 Marathon Oil Corp. 19,639,980 643,492 Petroleo Brasileiro SA ADR (Brazil) (S) 26,157,950 ------------- 150,553,203 Pharmaceuticals (9.2%) - ----------------------------------------------------------------------------------------------------------- 431,138 AstraZeneca PLC (United Kingdom) 16,180,355 1,583,402 GlaxoSmithKline PLC (United Kingdom) 35,087,120 1,168,500 Johnson & Johnson 75,601,950 1,836,991 Pfizer, Inc. 44,381,703 163,685 Roche Holding AG (Switzerland) (NON) 17,440,263 665,500 Sankyo Co., Ltd. (Japan) 14,829,636 343,000 Takeda Chemical Industries, Ltd. (Japan) 16,314,385 361,600 Yamanouchi Pharmaceutical Co., Ltd. (Japan) 13,178,964 ------------- 233,014,376 Photography/Imaging (0.7%) - ----------------------------------------------------------------------------------------------------------- 1,158,400 Xerox Corp. (NON) (S) 18,395,392 Real Estate (0.4%) - ----------------------------------------------------------------------------------------------------------- 528,400 Friedman, Billings, Ramsey Group, Inc. Class A (R) (S) 10,398,912 Restaurants (0.9%) - ----------------------------------------------------------------------------------------------------------- 717,400 McDonald's Corp. 23,236,586 Retail (2.9%) - ----------------------------------------------------------------------------------------------------------- 132,390 AutoZone, Inc. (NON) (S) 11,815,808 5,791,240 Dixons Group PLC (United Kingdom) 17,310,894 454,355 Lowe's Cos., Inc. 25,893,691 25,200 Michaels Stores, Inc. 774,900 239,200 Rent-A-Center, Inc. (NON) 5,858,008 422,715 TJX Cos., Inc. (The) (S) 10,584,784 ------------- 72,238,085 Schools (0.4%) - ----------------------------------------------------------------------------------------------------------- 135,200 Apollo Group, Inc. Class A (NON) (S) 10,571,288 Software (3.6%) - ----------------------------------------------------------------------------------------------------------- 118,900 Adobe Systems, Inc. 6,765,410 5,256 Computer Associates International, Inc. 142,911 2,196,500 Microsoft Corp. 57,724,020 1,924,100 Oracle Corp. (NON) 26,494,857 ------------- 91,127,198 Technology Services (1.5%) - ----------------------------------------------------------------------------------------------------------- 450,500 Automatic Data Processing, Inc. 19,587,740 481,900 Fiserv, Inc. (NON) (S) 18,432,675 ------------- 38,020,415 Telecommunications (5.6%) - ----------------------------------------------------------------------------------------------------------- 438,144 France Telecom SA (France) 13,745,821 533,720 KT Corp. ADR (South Korea) 11,560,375 1,159,100 Tele Norte Leste Participacoes SA ADR (Brazil) 16,702,631 373,180 Telefonos de Mexico SA de CV (Telmex) ADR Ser. L (Mexico) 13,900,955 607,830 Telekom Austria AG (Austria) 11,408,337 235,770 Telekom Austria AG 144A (Austria) 4,425,158 289,070 Telus Corp. (Canada) 8,086,037 24,075,006 Vodafone Group PLC (United Kingdom) 62,202,184 ------------- 142,031,498 Telephone (1.1%) - ----------------------------------------------------------------------------------------------------------- 3,941,600 China Netcom Group Corp. Hong Kong, Ltd. (Hong Kong) (NON) 5,685,437 1,037,879 Koninklijke (Royal) KPN NV 144A (Netherlands) 9,969,926 179,300 NTL, Inc. (NON) (S) 12,197,779 ------------- 27,853,142 Tobacco (3.0%) - ----------------------------------------------------------------------------------------------------------- 887,903 Altria Group, Inc. 56,674,848 1,740 Japan Tobacco, Inc. (Japan) 18,503,480 ------------- 75,178,328 Transportation (0.4%) - ----------------------------------------------------------------------------------------------------------- 147,422 Societes Des Autoroutes Paris-Rhin-Rhone (France) (NON) 8,877,322 25,370 Societes Des Autoroutes Paris-Rhin-Rhone 144A (France) (NON) 1,527,707 ------------- 10,405,029 Transportation Services (0.9%) - ----------------------------------------------------------------------------------------------------------- 839,920 TPG NV (Netherlands) 23,033,576 Water Utilities (0.8%) - ----------------------------------------------------------------------------------------------------------- 553,453 Veolia Environnement (France) 19,779,983 ------------- Total Common stocks (cost $2,263,846,883) $2,449,994,284 Short-term investments (8.2%) (a) - ----------------------------------------------------------------------------------------------------------- Principal amount Value - ----------------------------------------------------------------------------------------------------------- $49,435,345 Putnam Prime Money Market Fund (e) $49,435,345 157,546,309 Short-term investments held as collateral for loaned securities with yields ranging from 2.29% to 2.65% and due dates ranging from February 1, 2005 to March 22, 2005 (d) 157,470,893 ------------- Total Short-term investments (cost $206,906,238) $206,906,238 - ----------------------------------------------------------------------------------------------------------- Total Investments (cost $2,470,753,121) (b) $2,656,900,522 - -----------------------------------------------------------------------------------------------------------
Putnam Global Equity Fund Forward currency contracts to buy at January 31, 2005 (Unaudited) (aggregate face value $453,252,104) Aggregate Delivery Unrealized Value face value date depreciation - --------------------------------------------------------------------------------------- Australian Dollar $120,434,171 $120,573,213 4/20/05 $(139,042) British Pound 114,638,321 115,359,013 3/16/05 (720,692) Canadian Dollar 37,089,813 38,200,694 4/20/05 (1,110,881) Danish Krone 10,240,623 10,447,660 3/16/05 (207,037) Euro 23,031,032 23,557,309 3/16/05 (526,277) Japanese Yen 72,558,989 72,970,218 5/18/05 (411,229) Norwegian Krone 25,938,020 26,557,161 3/16/05 (619,141) Swiss Franc 44,288,843 45,586,836 3/16/05 (1,297,993) - --------------------------------------------------------------------------------------- $(5,032,292)
Putnam Global Equity Fund Forward currency contracts to sell at January 31, 2005 (Unaudited) (aggregate face value $236,172,871) Unrealized Aggregate Delivery appreciation/ Value face value date (depreciation) - --------------------------------------------------------------------------------------- Australian Dollar $21,280,625 $21,035,223 4/20/05 $(245,402) British Pound 10,341,539 10,386,061 3/16/05 44,522 Euro 151,559,235 153,922,739 3/16/05 2,363,504 Japanese Yen 13,693,206 13,634,182 5/18/05 (59,024) Mexican Peso 10,495,245 10,338,490 4/20/05 (156,755) Norwegian Krone 6,093,059 6,243,802 3/16/05 150,743 Swedish Krona 20,019,176 20,612,374 3/16/05 593,198 - --------------------------------------------------------------------------------------- $2,690,786
Putnam Global Equity Fund Futures contracts outstanding at January 31, 2005 (Unaudited) Unrealized Aggregate Expiration appreciation/ Value face value date (depreciation) - --------------------------------------------------------------------------------------- Dow Jones Euro STOXX 50 (Long) $6,477,952 $6,367,437 Mar-05 $110,515 New Financial Times Stock Exchange 100 Index (Long) 5,915,878 5,796,575 Mar-05 119,303 S&P 500 Index (Long) 48,154,275 48,260,409 Mar-05 (106,134) Tokyo Price Index (Long) 4,855,568 4,696,247 Mar-05 159,321 - --------------------------------------------------------------------------------------- $283,005
NOTES (a) Percentages indicated are based on net assets of $2,532,987,725. (b) The aggregate identified cost on a tax basis is $2,475,580,720, resulting in gross unrealized appreciation and depreciation of $246,072,195 and $64,752,393, respectively, or net unrealized appreciation of $181,319,802. (NON) Non-income-producing security. (SEG) A portion of this security was pledged and segregated with the custodian to cover margin requirements for futures contracts at January 31, 2005. (R) Real Estate Investment Trust. (S) Securities on loan, in part or in entirety, at January 31, 2005. (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. Income from securities lending is included in investment income on the statement of operations. At January 31, 2005, the value of securities loaned amounted to $153,196,126. The fund received cash collateral of $157,470,893 which is pooled with collateral of other Putnam funds into 26 issuers of high grade short-term investments. (e) Pursuant to an exemptive order from the Securities and Exchange Commission, the fund invests in Putnam Prime Money Market 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, LLC. Management fees paid by the fund are reduced by an amount equal to the management fees paid by Putnam Prime Money Market Fund with respect to assets invested by the fund in Putnam Prime Money Market Fund. Income distributions earned by the fund totaled $364,744 for the period ended January 31, 2005. 144A after the name of a security represents those exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. ADR or GDR after the name of a foreign holding stands for American Depositary Receipts or Global Depositary Receipts, respectively, representing ownership of foreign securities on deposit with a custodian bank. DIVERSIFICATION BY COUNTRY Distribution of investments by country of issue at January 31, 2005: (as a percentage of Market Value) Austria 0.6% Belgium 0.8 Bermuda 2.7 Brazil 1.7 Canada 1.2 Cayman Islands 2.2 France 5.4 Germany 2.9 Ireland 1.2 Italy 1.2 Japan 6.6 Mexico 0.6 Netherlands 3.1 South Korea 2.7 Spain 1.4 Sweden 1.1 Switzerland 2.0 United Kingdom 8.5 United States 52.8 Other 1.3 -------------------- Total 100.0% 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. 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 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. Short-term investments having remaining maturities of 60 days or less are valued at amortized cost, which approximates fair value. Other investments, including certain restricted securities, are valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees. Forward currency contracts The fund may buy and sell forward currency contracts, which are agreements between two parties to buy and sell currencies at a set price on a future date. These contracts are used to protect against a decline in value relative to the U.S. dollar of the currencies in which its portfolio securities are denominated or quoted (or an increase in the value of a currency in which securities a fund intends to buy are denominated, when a fund holds cash reserves and short term investments). The U.S. dollar value of forward currency contracts is determined using current forward currency exchange rates supplied by a quotation service. The market value of the contract will fluctuate with changes in currency exchange rates. The contract is marked to market daily and the change in market value is recorded as an unrealized gain or loss. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. The fund could be exposed to risk if the value of the currency changes unfavorably, if the counterparties to the contracts are unable to meet the terms of their contracts or if the fund is unable to enter into a closing position. Risks may exceed amounts recognized on the statement of assets and liabilities. Forward currency contracts outstanding at period end, if any, are listed after the fund's portfolio. Futures and options contracts The fund may use futures and options contracts to hedge against changes in the values of securities the fund owns or expects to purchase. The fund may also write options on securities it owns or in which it may invest to increase its current returns. The potential risk to the fund is that the change in value of futures and options contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, or if the counterparty to the contract is unable to perform. Risks may exceed amounts recognized on the statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Realized gains and losses on purchased options are included in realized gains and losses on investment securities. If a written call option is exercised, the premium originally received is recorded as an addition to sales proceeds. If a written put option is exercised, the premium originally received is recorded as a reduction to cost of investments. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as "variation margin." Exchange traded options are valued at the last sale price, or if no sales are reported, the last bid price for purchased options and the last ask price for written options. Options traded over-the-counter are valued using prices supplied by dealers. Futures and written option contracts outstanding at period end, if any, are listed after the fund's portfolio. 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: March 28, 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: March 28, 2005 By (Signature and Title): /s/ Steven D. Krichmar --------------------------- Steven D. Krichmar Principal Financial Officer Date: March 28, 2005 EX-99.CERT 2 exnn2nq.txt EX-99.CERT 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: March 28, 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: 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: March 28, 2005 - ---------------------- ------------------------ Steven D. Krichmar, Principal Financial Officer Attachment A - -------------- Period(s) ended January 31, 2005 Quarterly Portfolios 2OV Putnam Mid-Cap Value Fund 002 Putnam Fund for Growth and Income 2II Putnam Capital Opportunities Fund 840 Putnam Utilities Growth and Income Fund 005 Putnam Global Equity Fund 008 Putnam Convertible Income-Growth Trust 052 Putnam Managed Municipal Income Trust 183 Putnam Municipal Bond Fund 582 Putnam Municipal Opportunities Trust 004 Putnam Income Fund 072 Putnam Master Income Trust 184 Putnam California Investment Grade Municipal Trust 185 Putnam New York Investment Grade Municipal Trust 2MI Putnam Tax Smart Equity Fund 041 Putnam Global Income Trust -----END PRIVACY-ENHANCED MESSAGE-----