-----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, BckPenoMSbmw9n5rMIpd0J2Xf29q1kC08boD1ztzNc/CvFOoMZ63rFog7mxb+c5s MnSAdkRZNblZfLONYfkJHg== 0000928816-08-001227.txt : 20080925 0000928816-08-001227.hdr.sgml : 20080925 20080925161702 ACCESSION NUMBER: 0000928816-08-001227 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080731 FILED AS OF DATE: 20080925 DATE AS OF CHANGE: 20080925 EFFECTIVENESS DATE: 20080925 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: 081088932 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: July 31, 2008     

Item 1. Schedule of Investments:


Putnam Global Equity Fund
The fund's portfolio
7/31/08 (Unaudited)

COMMON STOCKS (95.9%)(a)     
  Shares  Value 

Aerospace and Defense (6.2%)     
L-3 Communications Holdings, Inc.  494,000  $48,752,860 
Lockheed Martin Corp.  462,800  48,283,924 
    97,036,784 

 
Automotive (2.2%)     
Peugeot SA (France)  68,500  3,328,097 
Suzuki Motor Corp. (Japan)  1,418,000  30,800,930 
    34,129,027 

 
Banking (7.3%)     
Allied Irish Banks PLC (Ireland)  780,866  9,737,810 
Alpha Bank AE (Greece)  418,000  12,317,934 
Bank of America Corp. (SEG)  548,600  18,048,940 
Bank of China Ltd. (China)  6,798,000  3,105,603 
Bank of Ireland PLC (Ireland)  500,729  4,229,312 
Credit Agricole SA (France)  677,978  14,520,140 
DBS Group Holdings, Ltd. (Singapore)  2,183,000  30,489,677 
KBC Groupe SA (Belgium)  131,459  13,322,061 
Royal Bank of Scotland Group PLC (United Kingdom)  2,033,000  8,508,731 
    114,280,208 

 
Basic Materials (1.0%)     
Antofagasta PLC (United Kingdom)  1,382,857  15,756,269 

 
Beverage (0.3%)     
PepsiCo, Inc.  76,521  5,093,238 

 
Chemicals (2.1%)     
Terra Industries, Inc. (S)  606,451  32,748,354 

 
Commercial and Consumer Services (0.4%)     
LG Corp. (South Korea)  93,942  5,999,368 

 
Communications Equipment (1.1%)     
Nokia OYJ (Finland)  612,700  16,739,258 

 
Conglomerates (0.4%)     
Vivendi SA (France)  130,998  5,472,731 

 
Consumer (1.5%)     
Matsushita Electric Industrial Co., Ltd. (Japan)  1,105,000  23,412,589 

 
Consumer Goods (2.8%)     
Reckitt Benckiser PLC (United Kingdom)  782,587  42,781,994 

 
Distribution (1.2%)     
Mitsubishi Corp. (Japan)  638,700  18,523,551 

 
Electronics (2.5%)     
High Tech Computer Corp. (Taiwan)  787,200  12,336,638 
National Semiconductor Corp.  752,300  15,760,685 
NVIDIA Corp. (NON)  648,400  7,417,696 
Samsung Electronics Co., Ltd. (South Korea)  6,677  3,717,573 
    39,232,592 

 
Energy (Oil Field) (2.5%)     
ENSCO International, Inc.  556,000  38,441,840 

 
Financial (1.0%)     
Korea Investment Holdings Co., Ltd. (South Korea)  111,380  4,586,824 
Man Group PLC (United Kingdom)  928,908  11,223,083 
    15,809,907 

 
Health Care Services (0.3%)     
Suzuken Co., Ltd. (Japan)  147,700  5,079,441 

 
Insurance (5.8%)     
Aegon NV (Netherlands)  874,417  10,260,242 
Allianz SE (Germany)  94,315  15,987,677 
Arch Capital Group, Ltd. (Bermuda) (NON)  167,893  11,707,179 
Swiss Re (Switzerland)  452,551  28,099,203 
Zurich Financial Services AG (Switzerland)  92,140  24,203,611 
    90,257,912 

 
Investment Banking/Brokerage (2.5%)     
3i Group PLC (United Kingdom)  580,478  10,308,820 
Credit Suisse Group (Switzerland)  306,846  15,401,279 


Goldman Sachs Group, Inc. (The)  73,800  13,582,152 
    39,292,251 

 
Manufacturing (1.6%)     
NSK, Ltd. (Japan)  2,125,000  17,543,312 
Roper Industries, Inc. (S)  122,400  7,488,432 
    25,031,744 

 
Media (1.6%)     
Viacom, Inc. Class B (NON)  904,282  25,256,596 

 
Metals (7.7%)     
ArcelorMittal (Luxembourg)  238,083  21,072,796 
BHP Billiton, Ltd. (Australia)  1,023,662  38,246,256 
BHP Billiton, Ltd. (Australia)  344,200  33,301,350 
MMC Norilsk Nickel ADR (Russia)  425,200  9,230,862 
Salzgitter AG (Germany)  35,007  5,733,880 
voestalpine AG (Austria)  197,611  12,966,274 
    120,551,418 

 
Natural Gas Utilities (0.6%)     
Energen Corp.  143,700  8,650,740 

 
Office Equipment & Supplies (2.1%)     
Canon, Inc. (Japan)  708,100  32,361,900 

 
Oil & Gas (12.6%)     
Addax Petroleum Corp. (Switzerland)  760,772  29,736,363 
EnCana Corp. (Canada)  124,300  8,978,370 
Exxon Mobil Corp.  432,856  34,814,608 
Inpex Holdings, Inc. (Japan)  1,558  15,658,728 
Patterson-UTI Energy, Inc. (S)  348,900  9,915,738 
Royal Dutch Shell PLC Class A (Netherlands)  1,425,402  50,869,460 
Stone Energy Corp. (NON)  143,800  7,336,676 
Total SA (France)  60,359  4,625,457 
Valero Energy Corp.  444,160  14,839,386 
W&T Offshore, Inc.  456,500  20,204,690 
    196,979,476 

 
Pharmaceuticals (8.9%)     
Eli Lilly & Co.  338,300  15,937,313 
Johnson & Johnson (S)  793,600  54,337,793 
Pfizer, Inc.  2,773,200  51,775,644 
Roche Holding AG (Switzerland)  87,265  16,112,018 
    138,162,768 

 
Power Producers (0.4%)     
Reliant Resources, Inc. (NON)  339,200  6,142,912 

 
Regional Bells (2.1%)     
Verizon Communications, Inc.  985,300  33,539,612 

 
Retail (1.7%)     
Best Buy Co., Inc.  139,100  5,525,052 
Hennes & Mauritz AB Class B (Sweden)  379,900  20,370,892 
    25,895,944 

 
Shipping (3.4%)     
D/S Norden (Denmark)  192,875  18,706,790 
Mitsui O.S.K. Lines, Ltd. (Japan)  2,240,000  28,868,894 
Pacific Basin Shipping, Ltd. (Hong Kong)  3,623,000  5,085,890 
    52,661,574 

 
Software (6.7%)     
Adobe Systems, Inc. (NON) (S)  1,147,200  47,436,720 
Microsoft Corp.  1,698,400  43,682,848 
Oracle Corp. (NON)  593,800  12,784,514 
    103,904,082 

 
Telecommunications (1.7%)     
Embarq Corp. (S)  578,195  26,463,985 

 
Tobacco (3.8%)     
Altria Group, Inc.  449,700  9,151,395 
Lorillard, Inc. (NON)  404,900  27,172,839 
Philip Morris International, Inc.  449,700  23,227,005 
    59,551,239 

 
Trucks & Parts (0.1%)     
Toyota Boshoku Corp. (Japan)  55,000  1,214,561 

Total common stocks (cost $1,637,811,639)    $1,496,455,865 
 
SHORT-TERM INVESTMENTS (11.5%)(a)     
  Principal   
  amount/shares  Value 



Short-term investments held as collateral for loaned     
securities with yields ranging from 2.00% to 2.96% and     
due dates ranging from August 1, 2008 to     
September 26, 2008 (d)  $135,258,725  $135,089,775 
Putnam Prime Money Market Fund (e)  44,224,805  44,224,805 

Total short-term investments (cost $179,314,580)    $179,314,580 
 
TOTAL INVESTMENTS     

Total investments (cost $1,817,126,219)(b)    $1,675,770,445 


FORWARD CURRENCY CONTRACTS TO BUY at 7/31/08 (aggregate face value $351,781,756) (Unaudited)  
        Unrealized 
    Aggregate  Delivery  appreciation/ 
  Value  face value  date  (depreciation) 

Australian Dollar  $72,494,263  $73,417,397  10/15/08  $(923,134) 
British Pound  42,928,450  42,203,230  9/17/08  725,220 
Canadian Dollar  20,144,423  20,331,950  10/15/08  (187,527) 
Euro  96,795,589  97,557,840  9/17/08  (762,251) 
Japanese Yen  18,728,755  18,948,342  8/20/08  (219,587) 
Norwegian Krone  82,757,369  82,716,383  9/17/08  40,986 
Swedish Krona  7,788,676  7,876,620  9/17/08  (87,944) 
Swiss Franc  8,617,196  8,729,994  9/17/08  (112,798) 

Total        $(1,527,035) 


FORWARD CURRENCY CONTRACTS TO SELL at 7/31/08 (aggregate face value $263,543,238) (Unaudited)  
        Unrealized 
    Aggregate  Delivery  appreciation/ 
  Value  face value  date  (depreciation) 

Australian Dollar  $6,405,227  $6,587,896  10/15/08  $182,669 
British Pound  60,179,411  60,325,656  9/17/08  146,245 
Canadian Dollar  11,497,789  11,592,284  10/15/08  94,495 
Danish Krone  34,336  33,966  9/17/08  (370) 
Euro  27,342,819  27,503,285  9/17/08  160,466 
Japanese Yen  74,270,949  76,118,164  8/20/08  1,847,215 
Swedish Krona  46,361,010  46,633,422  9/17/08  272,412 
Swiss Franc  34,545,849  34,748,565  9/17/08  202,716 

Total        $2,905,848 


FUTURES CONTRACTS OUTSTANDING at 7/31/08 (Unaudited)         
         
  Number of    Expiration  Unrealized 
  contracts  Value  date  (depreciation) 

Dow Jones Euro Stoxx 50 Index (Long)  30  $1,580,460  Sep-08  $(98,809) 
New Financial Times Stock Exchange 100 Index (Long)  16  1,714,625  Sep-08  (131,510) 
S&P 500 Index (Long)  28  8,869,700  Sep-08  (37,094) 
Tokyo Price Index (Long)  14  1,689,163  Sep-08  (129,455) 

Total        $(396,868) 


NOTES

(a) Percentages indicated are based on net assets of $1,560,555,905.

(b) The aggregate identified cost on a tax basis is $1,817,229,213, resulting in gross unrealized appreciation and depreciation of $77,041,564 and $218,500,332, respectively, or net unrealized depreciation of $141,458,768.

(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 July 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 July 31, 2008, the value of securities loaned amounted to $131,728,975. The fund received cash collateral of $135,089,775 which is pooled with collateral of other Putnam funds into 78 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 $983,994 for the period ended July 31, 2008. During the period ended July 31, 2008, cost of purchases and proceeds of sales of investments in Putnam Prime Money Market Fund aggregated $556,424,090 and $518,546,078, respectively.

On September 17, 2008, the Trustees of the fund voted to close Putnam Prime Money Market Fund effective September 17, 2008.

At July 31, 2008, liquid assets totaling $15,232,761 have been designated as collateral for open forward contracts and futures 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 July 31, 2008 (as a percentage of Portfolio Value):

Australia  2.3% 
Austria  0.8 
Belgium  0.8 
Bermuda  0.7 
Canada  0.5 
China  0.2 
Denmark  1.1 
Finland  1.0 
France  1.7 
Germany  1.3 
Greece  0.7 
Hong Kong  0.3 
Ireland  0.8 
Japan  10.4 
Luxembourg  1.3 
Netherlands  3.6 
Russia  0.6 
Singapore  1.8 
South Korea  0.9 
Sweden  1.2 
Switzerland  6.8 
Taiwan  0.7 
United Kingdom  5.3 
United States  47.2 
Other  8.0 

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 July 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.

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.

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.

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: September 25, 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: September 25, 2008

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: September 25, 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: September 24, 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: September 24, 2008
Steven D. Krichmar
Principal Financial Officer


  Attachment A 
  NQ 
    Period (s) ended July 31, 2008 
 
2OV  Putnam Mid Cap Value Fund 
052  Putnam Managed Municipal Income Trust 
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 


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