-----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, T2hnRmrsDyTxiZ21ko45J+UlIloKO0WJL4umIPMQS8jeD8PAkxu0rPQCMWgIVs54 SeigdbX8CTYbL8jJ08vulw== 0000928816-08-000431.txt : 20080331 0000928816-08-000431.hdr.sgml : 20080331 20080331150105 ACCESSION NUMBER: 0000928816-08-000431 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080131 FILED AS OF DATE: 20080331 DATE AS OF CHANGE: 20080331 EFFECTIVENESS DATE: 20080331 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: 08723929 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, 2008     
 
Date of reporting period: January 31, 2008     

Item 1. Schedule of Investments:


Putnam Global Equity Fund
The fund's portfolio
1/31/08 (Unaudited)

COMMON STOCKS (99.9%)(a)     
  Shares  Value 

Aerospace and Defense (3.2%)     
Lockheed Martin Corp. (S)  547,100  $59,043,032 

 
Airlines (1.5%)     
Air France-KLM (France)  178,068  4,948,992 
Singapore Airlines, Ltd. (Singapore)  2,106,670  23,212,612 
    28,161,604 

 
Automotive (3.3%)     
Nissan Motor Co., Ltd. (Japan)  1,899,800  18,222,391 
Suzuki Motor Corp. (Japan)  1,701,500  42,838,155 
    61,060,546 

 
Banking (9.0%)     
Allied Irish Banks PLC (Ireland)  780,866  17,404,742 
Bank of America Corp. (SEG)  988,000  43,817,800 
Bank of Ireland PLC (Ireland)  500,729  7,375,290 
Barclays PLC (United Kingdom)  1,192,537  11,250,029 
Credit Agricole SA (France)  677,978  20,892,943 
DBS Group Holdings, Ltd. (Singapore)  2,183,000  27,355,228 
Fortis (Belgium)  200,362  4,512,642 
KBC Groupe SA (Belgium)  131,459  16,772,736 
Royal Bank of Scotland Group PLC (United Kingdom)  2,035,647  15,561,238 
    164,942,648 

 
Basic Materials (2.0%)     
Antofagasta PLC (United Kingdom)  1,891,512  24,842,900 
Sumitomo Metal Mining Co., Ltd. (Japan)  709,000  11,914,985 
    36,757,885 

 
Beverage (0.7%)     
PepsiCo, Inc.  189,200  12,901,548 

 
Chemicals (0.6%)     
Terra Industries, Inc. (NON) (S)  224,400  10,113,708 

 
Communications Equipment (3.2%)     
Nokia OYJ (Finland)  1,572,450  57,865,968 

 
Computers (2.0%)     
Seagate Technology (Cayman Islands)  1,790,200  36,287,354 

 
Conglomerates (1.2%)     
Mitsubishi Corp. (Japan)  638,700  16,730,872 
Vivendi SA (France)  130,998  5,274,728 
    22,005,600 

 
Consumer (1.3%)     
Matsushita Electric Industrial Co., Ltd. (Japan)  1,105,000  23,603,183 

 
Consumer Goods (2.2%)     
Reckitt Benckiser PLC (United Kingdom)  782,587  40,991,193 

 
Consumer Services (0.6%)     
Ashtead Group PLC (United Kingdom)  6,646,326  10,537,229 

 
Electronics (1.9%)     
NVIDIA Corp. (NON)  1,375,600  33,826,004 

 
Energy (2.9%)     
National-Oilwell Varco, Inc. (NON) (S)  415,900  25,049,657 
Petroleum Geo-Services ASA (Norway)  1,270,700  27,419,508 
    52,469,165 

 
Financial (1.5%)     
JPMorgan Chase & Co.  111,500  5,301,825 
Korea Investment Holdings Co., Ltd. (South Korea)  210,660  11,175,748 
Man Group PLC (United Kingdom)  928,908  10,217,419 
    26,694,992 

 
Food (0.3%)     
Delhaize Group (Belgium)  72,602  5,561,656 

 
Health Care Services (3.5%)     
UnitedHealth Group, Inc.  242,600  12,333,784 
WellPoint, Inc. (NON)  672,000  52,550,400 
    64,884,184 

 
Insurance (6.0%)     
Allianz SE (Germany)  213,302  38,437,739 
Swiss Re (Switzerland)  580,459  43,445,009 


 
Zurich Financial Services AG (Switzerland)  100,880  28,718,590 
    110,601,338 

 
Investment Banking/Brokerage (3.0%)     
Credit Suisse Group (Switzerland)  560,311  31,725,624 
Goldman Sachs Group, Inc. (The)  117,000  23,490,090 
    55,215,714 

 
Manufacturing (1.1%)     
Hyundai Heavy Industries Co., Ltd. (South Korea)  11,830  4,019,947 
Hyundai Mipo Dockyard (South Korea)  47,706  9,156,305 
NSK, Ltd. (Japan)  843,000  7,344,849 
    20,521,101 

 
Media (3.0%)     
Viacom, Inc. Class B (NON)  1,397,200  54,155,472 

 
Metals (6.5%)     
Boliden AB (Sweden)  743,100  6,694,121 
Freeport-McMoRan Copper & Gold, Inc. Class B (S)  105,800  9,419,374 
Minara Resources, Ltd. (Australia)  525,901  2,381,104 
MMC Norilsk Nickel ADR (Russia)  75,450  18,425,344 
Salzgitter AG (Germany)  231,612  36,540,269 
Teck Cominco, Ltd. Class B (Canada)  582,100  19,009,004 
voestalpine AG (Austria)  435,109  26,835,339 
    119,304,555 

 
Natural Gas Utilities (0.8%)     
Energen Corp.  227,300  14,297,170 

 
Office Equipment & Supplies (1.7%)     
Canon, Inc. (Japan)  708,100  30,543,851 

 
Oil & Gas (9.9%)     
Addax Petroleum Corp. (Switzerland)  189,562  7,634,979 
Exxon Mobil Corp.  546,756  47,239,718 
Inpex Holdings, Inc. (Japan)  3,634  34,023,924 
Marathon Oil Corp.  519,100  24,319,835 
Royal Dutch Shell PLC Class A (Netherlands)  627,581  22,452,850 
Suncor Energy, Inc. (Canada)  182,800  17,190,994 
Valero Energy Corp.  492,460  29,148,707 
    182,011,007 

 
Pharmaceuticals (9.1%)     
Eli Lilly Co.  338,300  17,429,216 
Johnson & Johnson  1,119,300  70,806,918 
Pfizer, Inc.  2,675,500  62,579,945 
Roche Holding AG (Switzerland)  87,265  15,795,957 
    166,612,036 

 
Power Producers (1.3%)     
Mirant Corp. (NON) (S)  634,200  23,363,928 

 
Regional Bells (2.1%)     
Verizon Communications, Inc.  985,300  38,269,052 

 
Retail (1.1%)     
Hennes & Mauritz AB Class B (Sweden)  379,900  20,608,793 

 
Shipping (2.2%)     
Mitsui O.S.K. Lines, Ltd. (Japan)  2,812,000  34,277,803 
Pacific Basin Shipping, Ltd. (Hong Kong)  4,451,000  6,300,244 
    40,578,047 

 
Software (5.1%)     
Adobe Systems, Inc. (NON)  1,465,200  51,179,436 
Oracle Corp. (NON) (S)  2,060,400  42,341,220 
    93,520,656 

 
Telecommunications (1.7%)     
Embarq Corp.  578,195  26,192,234 
Sprint Nextel Corp.  488,600  5,144,958 
    31,337,192 

 
Tobacco (3.9%)     
Altria Group, Inc.  205,300  15,565,846 
Loews Corp. - Carolina Group  684,200  56,193,346 
    71,759,192 

 
Trucks & Parts (0.5%)     
Toyota Boshoku Corp. (Japan)  274,000  8,307,544 

Total common stocks (cost $1,890,525,348)    $1,828,714,147 
 
SHORT-TERM INVESTMENTS (5.0%)(a)     
  Principal   
  amount/shares  Value 



Putnam Prime Money Market Fund (e)  24,234,852  $24,234,852 
Short-term investments held as collateral for loaned     
securities with yields ranging from 2.60% to 5.25% and     
due dates ranging from February 1, 2008 to     
March 24, 2008 (d)  $67,301,045  67,204,000 

 
Total short-term investments (cost $91,438,852)    $91,438,852 
 
TOTAL INVESTMENTS     

Total investments (cost $1,981,964,200) (b)    $1,920,152,999 


FORWARD CURRENCY CONTRACTS TO BUY at 1/31/08 (aggregate face value $469,415,608) (Unaudited)     
         Unrealized 
    Aggregate  Delivery  appreciation/ 
  Value  face value  date  (depreciation) 

Australian Dollar  $135,913,776  $134,002,997  4/16/08  $1,910,779 
British Pound  118,965,761  118,801,590  3/19/08  164,171 
Canadian Dollar  5,797,988  5,828,634  4/16/08  (30,646) 
Euro  101,019,261  99,957,497  3/19/08  1,061,764 
Japanese Yen  64,043,093  63,168,513  2/20/08  874,580 
Norwegian Krone  32,764,625  32,455,899  3/19/08  308,726 
Swedish Krona  5,311,328  5,357,571  3/19/08  (46,243) 
Swiss Franc  10,061,450  9,842,907  3/19/08  218,543 

Total        $4,461,674 


FORWARD CURRENCY CONTRACTS TO SELL at 1/31/08 (aggregate face value $374,839,753) (Unaudited)   
        Unrealized 
    Aggregate  Delivery  appreciation/ 
  Value  face value    date  (depreciation) 

Australian Dollar  $11,903,488  $11,648,389  4/16/08  $(255,099) 
British Pound  51,795  51,015  3/19/08  (780) 
Canadian Dollar  3,415,982  3,421,614  4/16/08  5,632 
Danish Krone  32,838  32,325  3/19/08  (513) 
Euro  89,167,416  88,321,652  3/19/08  (845,764) 
Japanese Yen  178,802,668  169,733,934  2/20/08  (9,068,734) 
Norwegian Krone  6,966,629  6,995,909  3/19/08  29,280 
Swedish Krona  21,659,208  21,489,839  3/19/08  (169,369) 
Swiss Franc  75,183,322  73,145,076  3/19/08  (2,038,246) 

Total        $(12,343,593) 


FUTURES CONTRACTS OUTSTANDING at 1/31/08 (Unaudited)         
        Unrealized 
  Number of      Expiration  appreciation/ 
  contracts  Value  date  (depreciation) 

Dow Jones Euro Stoxx 50 Index (Long)  32  $1,818,442  Mar-08  $(250,989) 
New Financial Times Stock Exchange 100 Index (Long)  17  1,986,974  Mar-08  (150,156) 
S&P 500 Index (Long)  1  344,900  Mar-08  6,471 
Tokyo Price Index (Long)  16  2,023,870  Mar-08  (324,413) 

Total        $(719,087) 


NOTES

(a) Percentages indicated are based on net assets of $1,831,327,205.

(b) The aggregate identified cost on a tax basis is $1,982,067,194, resulting in gross unrealized appreciation and depreciation of $114,706,076 and $176,620,271, respectively, or net unrealized depreciation of $61,914,195.

(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, 2008.

(d) The fund may lend securities, through its agents, to qualified borrowers in order to earn additional income. The loans are collateralized by cash and/or securities in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agents; the fund will bear the risk of loss with respect to the investment of the cash collateral. At January 31, 2008, the value of securities loaned amounted to $65,239,705. The fund received cash collateral of $67,204,000 which is pooled with collateral of other Putnam funds into 51 issues of short-term investments.

(e) 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, a wholly-owned subsidiary of Putnam, LLC. Investments in Putnam Prime Money Market Fund are valued at its closing net asset value each business day. 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 $326,279 for the period ended January 31, 2008. During the period ended January 31, 2008, cost of purchases and proceeds of sales of investments in Putnam Prime Money Market Fund aggregated $155,377,619 and $137,489,560, respectively.

(S) Securities on loan, in part or in entirety, at January 31, 2008.

At January 31, 2008, liquid assets totaling $7,881,229 have been designated as collateral for open forward contracts.

ADR after the name of a foreign holding stands for American Depository Receipts representing ownership of foreign securities on deposit with a custodian bank.

 

DIVERSIFICATION BY COUNTRY

Distribution of investments by country of issue at January 31, 2008: (as a percentage of Portfolio Value)

Austria  1.5% 
Belgium  1.5 
Canada  2.0 
Cayman Islands  2.0 
Finland  3.1 
France  1.7 
Germany  4.0 
Ireland  1.3 
Japan  12.3 
Netherlands  1.2 
Norway  1.5 
Russia  1.0 
Singapore  2.7 
South Korea  1.3 
Sweden  1.5 
Switzerland  6.9 
United Kingdom  6.1 
United States  48.0 
Other  0.4 

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.

At January 31, 2008, fair value pricing was used for certain foreign securities in the portfolio.

Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate. Certain investments, including certain restricted securities and derivatives, are also valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security at a given point in time and does not reflect an actual market price, which may be different by a material amount.

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), or for other investment purposes. 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 a t 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/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: March 31, 2008

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 31, 2008

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: March 31, 2008


EX-99.CERT 2 b_cert.htm EX-99.CERT b_cert.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: March 28, 2008
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, 2008
Steven D. Krichmar
Principal Financial Officer


 
  Attachment A   
  NQ   
  Period (s) ended January 31, 2008   
 
 
2OV  Putnam Mid Cap Value Fund 
052  Putnam Managed Municipal Income Trust 
183  Putnam Municipal Bond Fund 
582  Putnam Municipal Opportunities Trust 
002  The Putnam Fund for Growth & Income 
004  Putnam Income Fund 
2II  Putnam Capital Opportunities Fund 
840  Putnam Utilities Growth & Income Fund 
2MI  Putnam Tax Smart Equity Fund 
005  Putnam Global Equity Fund 
008  Putnam Convertible Income-Growth Trust 
041  Putnam Global Income Trust 


-----END PRIVACY-ENHANCED MESSAGE-----