-----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, GH+zHkc3bvV0FOicFJ4ADr+jBLY1CWAmBFa1dWiEm0gr8dGUDl4oZn7PdrFMsdgX ako2nD/t5fns+6mQIvwFvA== 0000928816-06-001247.txt : 20060928 0000928816-06-001247.hdr.sgml : 20060928 20060928151218 ACCESSION NUMBER: 0000928816-06-001247 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060731 FILED AS OF DATE: 20060928 DATE AS OF CHANGE: 20060928 EFFECTIVENESS DATE: 20060928 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: 061113756 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 0000081251 S000005651 PUTNAM GLOBAL EQUITY FUND C000015432 Class A Shares PEQUX C000015433 Class B Shares PEQBX C000015434 Class C Shares PUGCX C000015435 Class M Shares PEQMX C000015436 Class R Shares PGLRX C000015437 Class Y Shares PEQYX N-Q 1 a_globalequity.htm PUTNAM GLOBAL EQUITY FUND a_globalequity.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- 01403 )

Exact name of registrant as specified in charter: Putnam Global Equity 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
One International Place
Boston, Massachusetts 02110

Registrant’s telephone number, including area code: (617) 292-1000

Date of fiscal year end: October 31, 2006

Date of reporting period: July 31, 2006

Item 1. Schedule of Investments:


Putnam Global Equity Fund     

The fund's portfolio     
7/31/06 (Unaudited)     
COMMON STOCKS (98.0%)(a)     
  Shares  Value 

 
Aerospace and Defense (0.8%)     
L-3 Communications Holdings, Inc.  218,101  $16,063,139 

 
Airlines (0.3%)     
AMR Corp. (NON)  227,600  5,007,200 

 
Automotive (2.2%)     
Suzuki Motor Corp. (Japan)  1,797,100  44,055,808 

 
Banking (15.6%)     
ABN AMRO Holding NV (Netherlands)  910,071  25,164,300 
Bank of America Corp.  1,325,823  68,319,659 
Bank of Ireland PLC (Ireland)  500,923  8,820,653 
Barclays PLC (United Kingdom)  1,223,046  14,338,385 
Credit Agricole SA (France)  1,171,011  47,022,790 
KBC Groupe SA (Belgium)  204,466  22,254,652 
Postal Savings Bank 144A (Greece) (NON)  181,732  3,900,390 
Royal Bank of Scotland Group PLC (United Kingdom)  1,234,431  40,143,271 
Societe Generale (France)  134,502  20,045,748 
U.S. Bancorp  684,158  21,893,056 
UniCredito Italiano SpA (Italy)  2,985,349  22,951,065 
Washington Mutual, Inc. (S)  293,015  13,097,771 
    307,951,740 

 
Basic Materials (2.2%)     
Teck Comico, Ltd. Class B (Canada)  655,400  43,442,000 

 
Beverage (0.9%)     
InBev NV (Belgium)  324,674  17,027,073 

 
Biotechnology (1.4%)     
Amgen, Inc. (NON) (SEG)  411,900  28,725,906 

 
Broadcasting (0.5%)     
British Sky Broadcasting PLC (United Kingdom)  884,258  9,252,358 

 
Building Materials (0.7%)     
Sherwin-Williams Co. (The) (S)  279,558  14,145,635 

 
Chemicals (1.4%)     
BASF AG (Germany)  340,092  27,387,051 

 
Communications Equipment (0.3%)     
Cisco Systems, Inc. (NON)  327,400  5,844,090 

 
Conglomerates (1.9%)     
Mitsubishi Corp. (Japan)  1,293,300  26,562,271 
Vivendi SA (France)  309,265  10,461,433 
    37,023,704 

 
Consumer Cyclicals (1.4%)     
Matsushita Electric Industrial Co., Ltd. (Japan)  1,337,000  27,868,773 

 
Consumer Finance (2.8%)     
Capital One Financial Corp.  153,900  11,904,165 
Countrywide Financial Corp.  1,230,800  44,099,564 
    56,003,729 

 
Consumer Goods (1.8%)     
Reckitt Benckiser PLC (United Kingdom)  910,503  36,510,136 

 
Electric Utilities (2.0%)     
Iberdrola SA (Spain)  458,145  16,251,686 
PG&E Corp. (S)  573,100  23,886,808 
    40,138,494 

 
Electronics (2.1%)     
Chartered Semiconductor Manufacturing, Ltd.     
(Singapore) (NON)  11,096,000  7,603,375 
Hynix Semiconductor, Inc. (South Korea) (NON)  540,900  18,403,737 
United Microelectronics Corp. (Taiwan)  28,930,000  15,903,857 


    41,910,969 

 
Financial (1.2%)     
Citigroup, Inc. (SEG)  241,640  11,673,628 
Orix Corp. (Japan)  46,590  12,235,881 
    23,909,509 

 
Gaming & Lottery (0.9%)     
Sankyo Co., Ltd. (Japan)  339,900  18,685,291 

 
Health Care Services (0.9%)     
Cardinal Health, Inc.  269,546  18,059,582 

 
Homebuilding (0.7%)     
Barratt Developments PLC (United Kingdom)  775,933  14,036,079 

 
Household Furniture and Appliances (1.0%)     
Whirlpool Corp. (S)  247,607  19,112,784 

 
Insurance (4.1%)     
ACE, Ltd. (Bermuda)  388,422  20,015,386 
Allianz AG (Germany)  232,782  36,519,818 
Zurich Financial Services AG (Switzerland)  109,225  24,511,297 
    81,046,501 

 
Investment Banking/Brokerage (4.6%)     
Bear Stearns Cos., Inc. (The)  72,200  10,243,014 
Credit Suisse Group (Switzerland)  565,624  31,681,377 
Goldman Sachs Group, Inc. (The)  164,500  25,127,375 
Macquarie Bank, Ltd. (Australia)  514,999  24,402,344 
    91,454,110 

 
Lodging/Tourism (0.5%)     
Royal Caribbean Cruises, Ltd.  290,600  9,851,340 

 
Machinery (4.0%)     
Cummins, Inc. (S)  286,500  33,520,500 
Fanuc, Ltd. (Japan)  320,800  26,803,426 
SMC Corp. (Japan)  156,900  20,116,439 
    80,440,365 

 
Manufacturing (1.1%)     
SKF AB Class B (Sweden)  1,605,620  22,689,245 

 
Metals (5.3%)     
Nucor Corp. (S)  656,600  34,911,422 
Phelps Dodge Corp. (S)  134,415  11,739,806 
POSCO (South Korea)  88,290  21,536,401 
Quanex Corp. (S)  128,519  4,663,955 
Zinifex, Ltd. (Australia)  4,000,000  32,329,420 
    105,181,004 

 
Office Equipment & Supplies (1.5%)     
Canon, Inc. (Japan)  631,800  30,424,908 

 
Oil & Gas (12.8%)     
Chevron Corp.  408,800  26,890,864 
Exxon Mobil Corp.  899,556  60,935,923 
Frontier Oil Corp.  825,100  29,084,775 
Marathon Oil Corp.  567,694  51,455,784 
Nippon Mining Holdings, Inc. (Japan)  2,479,500  21,020,058 
Norsk Hydro ASA (Norway)  253,550  7,197,283 
Tesoro Corp. (S)  317,600  23,756,480 
Valero Energy Corp.  512,900  34,584,847 
    254,926,014 

 
Pharmaceuticals (7.5%)     
Johnson & Johnson  983,201  61,499,223 
Pfizer, Inc.  1,970,500  51,213,295 
Roche Holding AG (Switzerland)  181,418  32,275,014 
Serono SA (Switzerland)  6,244  4,222,689 
    149,210,221 

 
Publishing (0.9%)     
Dai Nippon Printing Co., Ltd. (Japan)  1,140,000  17,993,707 

 
Railroads (0.9%)     
Canadian National Railway Co. (Canada)  443,000  17,857,212 



Real Estate (0.2%)     
Friedman, Billings, Ramsey Group, Inc. Class A (R) (S)  367,829  3,376,670 

 
Retail (1.8%)     
Marks & Spencer Group PLC (United Kingdom)  1,424,984  15,867,855 
Supervalu, Inc. (S)  756,600  20,511,426 
    36,379,281 

 
Semiconductor (0.3%)     
Taiwan Semiconductor Manufacturing Co., Ltd. (Taiwan)  3,358,798  5,621,419 

 
Software (1.2%)     
Autodesk, Inc. (NON)  210,200  7,169,922 
Microsoft Corp.  679,500  16,328,385 
    23,498,307 

 
Technology Services (1.7%)     
Accenture, Ltd. Class A (Bermuda)  658,300  19,261,858 
Google, Inc. Class A (NON)  37,510  14,501,366 
    33,763,224 

 
Telecommunications (4.5%)     
Embarq Corp. (NON)  39,288  1,777,782 
Koninklijke (Royal) KPN NV (Netherlands)  1,860,345  21,103,084 
Sprint Nextel Corp.  2,431,700  48,147,660 
Vodafone Group PLC (United Kingdom)  7,363,006  15,978,864 
Vodafone Group PLC Class B (United Kingdom) (F)(NON)  8,414,864  2,356,330 
    89,363,720 

 
Telephone (0.8%)     
China Netcom Group Corp. (Hong Kong), Ltd. (Hong Kong)  9,175,200  16,718,676 

 
Tobacco (1.3%)     
Japan Tobacco, Inc. (Japan)  6,897  26,462,014 

 
Total common stocks (cost $1,804,064,185)    $1,948,418,988 
 
SHORT-TERM INVESTMENTS (7.7%)(a)     
  Principal  Value 
  amount/shares   

Interest in $521,000,000 joint tri-party repurchase     
agreement dated July 31, 2006 with UBS Securities LLC     
due August 1, 2006 with respect to various U.S.     
Government obligations -- maturity value of     
$21,915,214 for an effective yield of 5.28%     
(collateralized by Fannie Mae and Freddie Mac     
securities with yields ranging from 3.50% to 12.00%     
and due dates ranging from January 1, 2007 to     
July 1, 2036, valued at $531,422,424)  $21,912,000  $21,912,000 
Putnam Prime Money Market Fund (e)  19,653,568  19,653,568 
Short-term investments held as collateral for loaned     
securities with yields ranging from 5.27% to 5.44% and     
due dates ranging from August 1, 2006 to     
August 23, 2006 (d)  $112,006,028  111,967,505 

 
Total short-term investments (cost $153,533,073)    $153,533,073 
 
TOTAL INVESTMENTS     

 
Total investments (cost $1,957,597,258)(b)    $2,101,952,061 


FORWARD CURRENCY CONTRACTS TO BUY at 7/31/06 (aggregate face value $244,896,148) (Unaudited)

        Unrealized 
    Aggregate  Delivery  appreciation/ 
  Value  face value  date  (depreciation) 

Australian Dollar  $60,975,137  $59,838,261  10/18/06  $1,136,876 
British Pound  125,945,900  124,806,889  9/20/06  1,139,011 
Canadian Dollar  23,060,338  23,171,375  10/18/06  (111,037) 
Euro  25,569,650  25,380,364  9/20/06  189,286 
Japanese Yen  223,079  222,942  8/16/06  137 
Norwegian Krone  11,117,322  11,111,300  9/20/06  6,022 
Swiss Franc  363,687  365,017  9/20/06  (1,330) 

Total        $2,358,965 


FORWARD CURRENCY CONTRACTS TO SELL at 7/31/06 (aggregate face value $306,687,688) (Unaudited)

        Unrealized 
    Aggregate  Delivery   appreciation/ 
  Value  face value   date  (depreciation) 

Australian Dollar  $2,041,684  $2,018,033  10/18/06  $(23,651) 
British Pound  4,940,136  4,886,772  9/20/06  (53,364) 
Canadian Dollar  14,564,503  14,470,972  10/18/06  (93,531) 
Danish Krone  28,263  28,752  9/20/06  489 
Euro  81,668,441  80,912,849  9/20/06  (755,592) 
Japanese Yen  162,313,733  163,102,300  8/16/06  788,567 
Norwegian Krone  7,423,757  7,267,784  9/20/06  (155,973) 
Swedish Krona  1,149,030  1,156,157  9/20/06  7,127 
Swiss Franc  32,293,438  32,844,069  9/20/06  550,631 

Total        $264,703 


FUTURES CONTRACTS OUTSTANDING at 7/31/06 (Unaudited)

        Unrealized 
  Number of    Expiration  appreciation/ 
  contracts  Value  date   (depreciation) 

Dow Jones Euro Stoxx 50 Index (Long)  104  $4,903,413  Sep-06  $371,158 
New Financial Times Stock Exchange 100 Index (Long)  32  3,534,077  Sep-06  238,249 
S&P 500 Index (Long)  63  20,188,350  Sep-06  176,721 
S&P ASX 200 Index (Long)  13  1,237,692  Sep-06  21,368 
S&P/Tokyo Stock Exchange 60 Index (Long)  10  1,184,602  Sep-06  87,925 
Tokyo Price Index (Long)  26  3,568,694  Sep-06  (77,362) 

Total        $818,059 


NOTES

(a) Percentages indicated are based on net assets of $1,988,282,395.

(b) The aggregate identified cost on a tax basis is $1,960,404,244, resulting in gross unrealized appreciation and depreciation of $206,945,010 and $65,397,193, respectively, or net unrealized appreciation of $141,547,817.

(NON) Non-income-producing security.

(S) Securities on loan, in part or in entirety, at July 31, 2006.

(SEG) A portion of these securities were pledged and segregated with the custodian to cover margin requirements for futures contracts at July 31, 2006.

(R) Real Estate Investment Trust.

(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 July 31, 2006, the value of securities loaned amounted to $109,197,980. The fund received cash collateral of $111,967,505 which is pooled with collateral of other Putnam funds into 24 issues 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 and administrative 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 $1,125,986 for the period ended July 31, 2006. During the period ended July 31, 2006, cost of purchases and cost of sales of investments in Putnam Prime Money Market Fund aggregated $521,382,585 and $523,947,290, respectively.

(F) Security is valued at fair value following procedures approved by the Trustees.

At July 31, 2006, liquid assets totaling $34,646,084 have been designated as collateral for open forward contracts and futures contracts.

144A after the name of an issuer represents securities 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.

DIVERSIFICATION BY COUNTRY

Distribution of investments by country of issue at July 31, 2006: (as a percentage of Portfolio Value)

Australia  2.9% 
Belgium  2.0 
Bermuda  2.0 
Canada  3.1 
France  3.9 
Germany  3.2 
Hong Kong  0.8 
Italy  1.2 
Japan  13.7 
Netherlands  2.3 
South Korea  2.0 
Spain  0.8 
Sweden  1.1 
Switzerland  4.7 
Taiwan  1.1 
United Kingdom  7.5 
United States  46.5 
Other  1.2 
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 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 fai r 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.

Certain 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. 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 at a given point in time and does not reflect an actual market price, which may be different by a material amount.

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 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.

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, or for other investment purposes. The fund may also write options on swaps or 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 the 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:

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 Global Equity Fund

By (Signature and Title):

/s/ Michael T. Healy
Michael T. Healy
Principal Accounting Officer
Date: September 28, 2006

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: September 28, 2006

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: September 28, 2006


EX-99.CERT 2 b_exnncert.htm EX-99.CERT b_exnncert.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: September 26, 2006
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: September 26, 2006
Steven D. Krichmar
Principal Financial Officer


Attachment A
NQ
Period (s) ended July 31, 2006

2OV  Putnam Mid-Cap Value Fund 
002  The 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 
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 


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