0000928816-13-000500.txt : 20130328 0000928816-13-000500.hdr.sgml : 20130328 20130328105205 ACCESSION NUMBER: 0000928816-13-000500 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130131 FILED AS OF DATE: 20130328 DATE AS OF CHANGE: 20130328 EFFECTIVENESS DATE: 20130328 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: 13722154 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 C000117973 Class R5 C000117974 Class R6 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: Robert T. Burns, Vice President
One Post Office Square
Boston, Massachusetts 02109
Copy to:         John W. Gerstmayr, Esq.
Ropes & Gray LLP
800 Boylston Street
Boston, Massachusetts 02199-3600
Registrant’s telephone number, including area code: (617) 292-1000
Date of fiscal year end: October 31, 2013
Date of reporting period: January 31, 2013



Item 1. Schedule of Investments:













Putnam Global Equity Fund

The fund's portfolio
1/31/13 (Unaudited)
COMMON STOCKS (97.6%)(a)
Shares Value
Aerospace and defense (1.3%)
Honeywell International, Inc. 84,800 $5,786,752
Precision Castparts Corp. 25,600 4,695,040
10,481,792
Airlines (0.8%)
Japan Airlines Co., Ltd. (Japan)(NON) 157,000 6,489,803
6,489,803
Auto components (0.7%)
Johnson Controls, Inc. 183,700 5,711,233
5,711,233
Automobiles (2.3%)
Nissan Motor Co., Ltd. (Japan) 1,427,700 14,613,453
Winnebago Industries, Inc.(NON) 213,600 3,998,592
18,612,045
Beverages (1.1%)
Pernod-Ricard SA (France) 72,793 9,112,901
9,112,901
Biotechnology (0.6%)
Celgene Corp.(NON) 49,800 4,928,208
4,928,208
Building products (1.4%)
Fortune Brands Home & Security, Inc.(NON) 117,600 3,850,224
Masco Corp. 186,900 3,437,091
Owens Corning, Inc.(NON) 95,300 3,971,151
11,258,466
Capital markets (2.2%)
Blackstone Group LP (The) 284,491 5,263,084
Charles Schwab Corp. (The) 374,600 6,192,138
Morgan Stanley 288,700 6,596,795
18,052,017
Chemicals (4.3%)
Airgas, Inc. 43,600 4,152,464
Axiall Corp.(S) 69,600 3,910,128
Monsanto Co. 200,200 20,290,270
Sherwin-Williams Co. (The) 22,100 3,583,294
Tronox, Ltd. Class A 181,800 3,445,110
35,381,266
Commercial banks (9.6%)
Banco Bilbao Vizcaya Argentaria SA (BBVA) (Spain) 656,253 6,527,021
Banco Popular Espanol SA (Spain) 7,538,180 6,796,271
Bank of Ireland (Ireland)(NON) 22,558,522 4,380,087
Barclays PLC (United Kingdom) 1,449,995 6,922,073
BB&T Corp. 158,200 4,790,296
Credit Agricole SA (France)(NON) 360,421 3,562,686
Erste Group Bank AG (Austria)(NON) 173,159 5,827,336
Grupo Financiero Banorte SAB de CV (Mexico) 715,100 4,921,775
Regions Financial Corp. 666,900 5,188,482
Sberbank of Russia ADR (Russia) 646,484 9,535,639
Siam Commercial Bank PCL (Thailand) 535,100 3,212,036
Societe Generale SA (France)(NON) 186,063 8,406,480
UniCredit SpA (Italy)(NON) 1,214,696 7,844,144
77,914,326
Commercial services and supplies (0.5%)
Regus PLC (United Kingdom) 2,008,774 3,765,752
3,765,752
Communications equipment (0.8%)
Qualcomm, Inc. 95,800 6,325,674
6,325,674
Computers and peripherals (2.7%)
Apple, Inc. 29,100 13,249,521
Gemalto NV (Netherlands) 65,567 5,838,386
Pegatron Corp. (Taiwan)(NON) 2,439,000 3,229,807
22,317,714
Consumer finance (1.0%)
Discover Financial Services 208,900 8,019,671
8,019,671
Diversified financial services (4.9%)
Bank of America Corp. 1,315,000 14,885,800
ING Groep NV GDR (Netherlands)(NON) 633,379 6,406,159
JPMorgan Chase & Co. 332,100 15,625,305
ORIX Corp. (Japan) 31,290 3,343,029
40,260,293
Diversified telecommunication services (1.8%)
Nippon Telegraph & Telephone (NTT) Corp. (Japan) 102,200 4,280,453
Telecom Italia SpA (Italy) 5,894,762 5,858,864
tw telecom, inc.(NON) 153,200 4,232,916
14,372,233
Electronic equipment, instruments, and components (0.4%)
Hon Hai Precision Industry Co., Ltd. (Taiwan) 1,225,700 3,503,601
3,503,601
Energy equipment and services (2.8%)
Ezion Holdings, Ltd. (Singapore) 3,169,000 4,634,501
Halliburton Co. 162,200 6,598,296
Oceaneering International, Inc. 65,140 4,117,499
Oil States International, Inc.(NON) 50,200 3,894,516
Petrofac, Ltd. (United Kingdom) 148,211 3,850,326
23,095,138
Food and staples retail (0.4%)
Lawson, Inc. (Japan) 49,100 3,559,878
3,559,878
Food products (1.2%)
Kerry Group PLC Class A (Ireland) 59,825 3,139,556
Nestle SA (Switzerland) 94,281 6,620,027
9,759,583
Gas utilities (0.3%)
Tokyo Gas Co., Ltd. (Japan) 599,000 2,823,216
2,823,216
Health-care equipment and supplies (1.4%)
Covidien PLC 105,500 6,576,870
St. Jude Medical, Inc. 114,100 4,643,870
11,220,740
Health-care providers and services (4.0%)
Aetna, Inc. 136,849 6,600,227
Brookdale Senior Living, Inc.(NON) 178,800 4,829,388
Capital Senior Living Corp.(NON) 265,753 5,641,936
Catamaran Corp.(NON) 76,500 3,969,585
Emeritus Corp.(NON) 173,955 4,710,701
UnitedHealth Group, Inc. 116,500 6,431,965
32,183,802
Hotels, restaurants, and leisure (1.6%)
Compass Group PLC (United Kingdom) 618,412 7,493,323
Home Inns & Hotels Management, Inc. ADR (China)(NON) 62,001 1,895,371
TUI Travel PLC (United Kingdom) 867,427 4,000,650
13,389,344
Household durables (4.2%)
Lennar Corp. Class A 92,400 3,838,296
Persimmon PLC (United Kingdom) 296,768 3,965,429
PulteGroup, Inc.(NON) 265,900 5,514,766
Standard Pacific Corp.(NON)(S) 867,435 7,199,711
Techtronic Industries Co. (Hong Kong) 3,288,000 6,656,214
Toll Brothers, Inc.(NON) 118,800 4,449,060
Coway Company, Ltd. (South Korea) 54,700 2,376,022
33,999,498
Independent power producers and energy traders (0.5%)
NRG Energy, Inc. 183,300 4,399,200
4,399,200
Insurance (6.6%)
Admiral Group PLC (United Kingdom) 258,682 5,017,598
Allianz SE (Germany) 35,089 5,019,282
American International Group, Inc.(NON) 174,223 6,590,856
Aon PLC 109,600 6,328,304
Assured Guaranty, Ltd. 329,300 5,970,209
Genworth Financial, Inc. Class A(NON) 433,600 3,976,112
Marsh & McLennan Cos., Inc. 209,800 7,443,704
Porto Seguro SA (Brazil) 356,300 4,276,280
Prudential PLC (United Kingdom) 580,695 8,823,010
53,445,355
Internet and catalog retail (0.6%)
HomeAway, Inc.(NON) 200,600 4,808,382
4,808,382
Internet software and services (2.1%)
Google, Inc. Class A(NON) 11,979 9,052,411
Telecity Group PLC (United Kingdom) 347,398 4,666,743
Yandex NV Class A (Russia)(NON) 153,700 3,721,077
17,440,231
IT Services (1.6%)
Computer Sciences Corp. 127,800 5,342,040
Visa, Inc. Class A 50,400 7,958,664
13,300,704
Leisure equipment and products (0.7%)
Brunswick Corp. 149,000 5,387,840
5,387,840
Machinery (0.5%)
Volvo AB Class B (Sweden) 267,632 3,961,114
3,961,114
Media (0.7%)
DISH Network Corp. Class A 149,600 5,575,592
5,575,592
Metals and mining (0.4%)
Iluka Resources, Ltd. (Australia) 326,442 3,308,820
3,308,820
Multiline retail (0.5%)
Mitra Adiperkasa Tbk PT (Indonesia) 6,065,500 3,985,544
3,985,544
Oil, gas, and consumable fuels (8.3%)
BG Group PLC (United Kingdom) 991,197 17,606,831
Cabot Oil & Gas Corp. 65,700 3,467,646
Cairn Energy PLC (United Kingdom) 746,000 3,395,658
EXCO Resources, Inc.(S) 447,000 2,865,270
Marathon Oil Corp. 235,300 7,908,433
Noble Energy, Inc. 70,100 7,556,079
Origin Energy, Ltd. (Australia) 434,386 5,702,987
Royal Dutch Shell PLC Class A (United Kingdom) 429,876 15,240,042
Southwestern Energy Co.(NON) 100,872 3,459,910
67,202,856
Paper and forest products (0.7%)
MeadWestvaco Corp. 176,500 5,533,275
5,533,275
Pharmaceuticals (4.6%)
Astellas Pharma, Inc. (Japan) 119,600 6,088,228
Pfizer, Inc. 390,263 10,646,375
Sanofi (France) 136,207 13,289,931
Shire PLC (United Kingdom) 205,272 6,879,112
Zoetis. Inc.(NON) 11,390 296,140
37,199,786
Professional services (0.5%)
Verisk Analytics, Inc. Class A(NON) 72,700 4,010,132
4,010,132
Real estate management and development (3.0%)
BR Malls Participacoes SA (Brazil) 264,000 3,417,744
BR Properties SA (Brazil) 268,300 3,482,841
CBRE Group, Inc. Class A(NON) 189,000 4,078,620
Forestar Group, Inc.(NON) 235,318 4,478,102
Iguatemi Empresa de Shopping Centers SA (Brazil) 181,132 2,625,088
Mitsubishi Estate Co., Ltd. (Japan) 269,000 6,512,833
24,595,228
Semiconductors and semiconductor equipment (2.2%)
Micron Technology, Inc.(NON) 515,800 3,899,448
NXP Semiconductor NV(NON) 150,500 4,513,495
Samsung Electronics Co., Ltd. (South Korea) 4,345 5,777,772
SK Hynix, Inc. (South Korea)(NON) 164,590 3,688,037
17,878,752
Software (1.8%)
Fidessa Group PLC (United Kingdom) 141,224 3,447,072
Nintendo Co., Ltd. (Japan) 47,900 4,672,404
Salesforce.com, Inc.(NON) 38,900 6,695,857
14,815,333
Specialty retail (4.2%)
Best Buy Co., Inc. 106,800 1,736,568
Home Depot, Inc. (The) 101,100 6,765,612
Industria de Diseno Textil (Inditex) SA (Spain) 33,592 4,707,081
Kingfisher PLC (United Kingdom) 1,203,769 5,149,052
Lowe's Cos., Inc. 272,300 10,399,137
Tile Shop Holdings, Inc.(NON)(S) 287,199 5,281,590
34,039,040
Textiles, apparel, and luxury goods (0.4%)
Hanesbrands, Inc.(NON) 87,500 3,279,500
3,279,500
Thrifts and mortgage finance (0.4%)
Radian Group, Inc. 545,800 3,509,494
3,509,494
Tobacco (3.5%)
Japan Tobacco, Inc. (Japan) 576,400 17,945,331
Philip Morris International, Inc. 118,100 10,411,696
28,357,027
Trading companies and distributors (0.6%)
W.W. Grainger, Inc. 21,200 4,617,784
4,617,784
Water utilities (0.5%)
United Utilities Group PLC (United Kingdom) 372,824 4,328,308
4,328,308
Wireless telecommunication services (0.4%)
Softbank Corp. (Japan) 98,800 3,522,205
3,522,205
Total common stocks (cost $700,518,023) $795,039,696

WARRANTS (0.5%)(a)(NON)
Expiration date Strike Price Warrants Value
Housing Development Finance Corp., Ltd. 144A (India) 2/27/15 $— 283,552 $4,193,040
Total warrants (cost $4,200,476) $4,193,040

U.S. TREASURY OBLIGATIONS (—%)(a)
Principal amount Value
U.S. Treasury Notes
     3 5/8s, August 15, 2019(i) $105,000 $122,549
     1/4s, June 30, 2014(i) 111,000 111,072
     1/4s, April 30, 2014(i) 113,000 113,139
Total U.S. treasury Obligations (cost $346,760) $346,760

SHORT-TERM INVESTMENTS (4.4%)(a)
Principal amount/shares Value
Putnam Cash Collateral Pool, LLC 0.18%(d) 16,391,500 $16,391,500
Putnam Money Market Liquidity Fund 0.10%(AFF) 18,079,561 18,079,561
SSgA Prime Money Market Fund 0.06%(P) 730,000 730,000
U.S. Treasury Bills with effective yields ranging from 0.165% to 0.170%, October 17, 2013(SEGSF) $529,000 528,602
U.S. Treasury Bills with effective yields ranging from 0.166% to 0.168%, May 30, 2013(SEGSF) 421,000 420,890
Total short-term investments (cost $36,150,192) $36,150,553

TOTAL INVESTMENTS
Total investments (cost $741,215,451)(b) $835,730,049













FORWARD CURRENCY CONTRACTS at 1/31/13 (aggregate face value $175,982,953) (Unaudited)


Unrealized
Contract Delivery Aggregate appreciation/
Counterparty Currency type date Value face value (depreciation)
Bank of America N.A.
Australian Dollar Buy 2/20/13 $581,070 $584,930 $(3,860)
Barclays Bank PLC
British Pound Sell 2/20/13 7,177,748 7,381,345 203,597
Euro Buy 2/20/13 1,499,694 1,463,722 35,972
Euro Sell 2/20/13 1,499,694 1,498,785 (909)
Hong Kong Dollar Buy 2/20/13 182,361 182,025 336
Japanese Yen Sell 2/20/13 3,021,847 3,171,001 149,154
Norwegian Krone Sell 2/20/13 6,031,285 5,936,664 (94,621)
Singapore Dollar Buy 2/20/13 1,352,936 1,370,042 (17,106)
Swedish Krona Buy 2/20/13 2,000,691 1,974,708 25,983
Swiss Franc Buy 2/20/13 6,852,501 6,796,284 56,217
Citibank, N.A.
Australian Dollar Buy 2/20/13 6,563,617 6,606,754 (43,137)
British Pound Sell 2/20/13 1,043,652 1,127,704 84,052
Canadian Dollar Buy 2/20/13 929,532 941,624 (12,092)
Danish Krone Buy 2/20/13 3,137,854 3,032,196 105,658
Singapore Dollar Buy 2/20/13 537,943 545,224 (7,281)
Credit Suisse International
Australian Dollar Buy 2/20/13 6,902,739 6,948,801 (46,062)
British Pound Buy 2/20/13 1,682,912 1,730,276 (47,364)
British Pound Sell 2/20/13 1,682,912 1,675,677 (7,235)
Canadian Dollar Buy 2/20/13 3,888,200 3,938,262 (50,062)
Japanese Yen Buy 2/20/13 6,189,908 6,450,670 (260,762)
Swiss Franc Buy 2/20/13 9,952,177 9,895,802 56,375
Deutsche Bank AG
British Pound Sell 2/20/13 2,920,356 3,003,008 82,652
Canadian Dollar Buy 2/20/13 3,987,317 4,039,024 (51,707)
Euro Sell 2/20/13 577,798 539,174 (38,624)
Goldman Sachs International
Australian Dollar Buy 2/20/13 2,597,471 2,614,729 (17,258)
Swedish Krona Buy 2/20/13 2,201,351 2,139,193 62,158
Swedish Krona Sell 2/20/13 2,201,351 2,155,997 (45,354)
HSBC Bank USA, National Association
British Pound Sell 2/20/13 2,872,305 2,953,651 81,346
Euro Buy 2/20/13 365,554 365,331 223
Euro Sell 2/20/13 365,554 356,838 (8,716)
Norwegian Krone Buy 2/20/13 179,807 176,985 2,822
JPMorgan Chase Bank N.A.
British Pound Sell 2/20/13 7,830,963 8,051,656 220,693
Canadian Dollar Buy 2/20/13 1,707,633 1,729,907 (22,274)
Japanese Yen Buy 2/20/13 69,645 73,117 (3,472)
Norwegian Krone Sell 2/20/13 5,411,335 5,331,231 (80,104)
Swedish Krona Buy 2/20/13 1,667,943 1,633,073 34,870
State Street Bank and Trust Co.
Australian Dollar Sell 2/20/13 6,006,815 6,046,437 39,622
Canadian Dollar Buy 2/20/13 2,893,826 2,930,609 (36,783)
Euro Sell 2/20/13 2,522,892 2,577,873 54,981
Israeli Shekel Buy 2/20/13 2,217,130 2,189,988 27,142
Norwegian Krone Sell 2/20/13 3,553,810 3,498,775 (55,035)
Swedish Krona Buy 2/20/13 3,185,148 3,117,735 67,413
UBS AG
British Pound Buy 2/20/13 3,694,730 3,799,156 (104,426)
Canadian Dollar Buy 2/20/13 3,005,771 3,044,589 (38,818)
Euro Buy 2/20/13 81,204 81,155 49
Euro Sell 2/20/13 81,204 79,244 (1,960)
Norwegian Krone Buy 2/20/13 18,396,008 18,117,045 278,963
Swiss Franc Buy 2/20/13 6,595,989 6,557,888 38,101
WestPac Banking Corp.
British Pound Sell 2/20/13 9,933,809 10,127,488 193,679
Canadian Dollar Buy 2/20/13 2,277,479 2,307,645 (30,166)
Japanese Yen Sell 2/20/13 2,945,985 3,091,916 145,931
Total $922,801












Key to holding's abbreviations
ADR American Depository Receipts: represents ownership of foreign securities on deposit with a custodian bank
GDR Global Depository Receipts: represents ownership of foreign securities on deposit with a custodian bank
Notes to the fund's portfolio
Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from November 1, 2012 through January 31, 2013 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures , references to “Putnam Management” represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC and references to “OTC”, if any, represent over-the-counter.
(a) Percentages indicated are based on net assets of $814,466,846.
(b) The aggregate identified cost on a tax basis is $743,364,817, resulting in gross unrealized appreciation and depreciation of $110,093,548 and $17,728,316, respectively, or net unrealized appreciation of $92,365,232.
(NON) Non-income-producing security.
(AFF) Affiliated company. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with Putnam Money Market Liquidity Fund, which is under common ownership and control, were as follows:
Name of affiliate Market value at the beginning of the reporting period Purchase cost Sale proceeds Investment income Market value at the end of the reporting period
Putnam Money Market Liquidity Fund * $6,384,125 $84,292,564 $72,597,128 $2,634 $18,079,561
* Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management.
(SEGSF) This security, in part or in entirety, was pledged and segregated with the custodian for collateral on certain derivative contracts at the close of the reporting period.
(d) Affiliated company. The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash 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 agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. At the close of the reporting period, the value of securities loaned amounted to $15,950,292.
The fund received cash collateral of $16,391,500, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged to Putnam Cash Collateral Pool, LLC. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period.
(i) Security was pledged, or purchased with cash that was pledged, to the fund for collateral on certain derivative contracts.
(P) Security was pledged, or purchased with cash that was pledged, to the fund for collateral on certain derivatives contracts. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period.
(S) Security on loan, in part or in entirety, at the close of the reporting period.
At the close of the reporting period, the fund maintained liquid assets totaling $366,758 to cover certain derivatives contracts.
Debt obligations are considered secured unless otherwise indicated.
144A after the name of an issuer represents securities exempt from registration under Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
The dates shown on debt obligations are the original maturity dates.
DIVERSIFICATION BY COUNTRY ⌂
Distribution of investments by country of risk at the close of the reporting period, excluding collateral received, if any (as a percentage of Portfolio Value):
United States 54.8%
United Kingdom 12.8
Japan 9.0
France 4.2
Spain 2.2
Brazil 1.7
Italy 1.7
Russia 1.6
Netherlands 1.5
South Korea 1.4
Australia 1.1
Ireland 0.9
Taiwan 0.8
Hong Kong 0.8
Switzerland 0.8
Austria 0.7
Germany 0.6
Mexico 0.6
Singapore 0.6
India 0.5
Indonesia 0.5
Sweden 0.5
Other 0.7
Total 100.0%
⌂ Methodology differs from that used for purposes of complying with the fund’s policy regarding investments in securities of foreign issuers, as discussed further in the fund’s prospectus.
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, and are classified as Level 1 securities under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security.
Investments in open-end investment companies (excluding exchange traded funds), if any, which can be classified as Level 1 or Level 2 securities, are based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares.
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, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. These securities, which would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. 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. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate.
To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures and recovery rates. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs.
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 in a current sale and does not reflect an actual market price, which may be different by a material amount.
Forward currency contracts: The fund buys and sells forward currency contracts, which are agreements between two parties to buy and sell currencies at a set price on a future date. These contracts were used to hedge foreign exchange risk.
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. 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 when the contract matures or by delivery of the currency. 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.
For the fund's average contract amount on forward currency contracts, see the appropriate table at the end of these footnotes.
Master agreements: The fund is a party to ISDA (International Swaps and Derivatives Association, Inc.) Master Agreements (Master Agreements) with certain counterparties that govern OTC derivative and foreign exchange contracts entered into from time to time. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. With respect to certain counterparties, in accordance with the terms of the Master Agreements, collateral posted to the fund is held in a segregated account by the fund’s custodian and with respect to those amounts which can be sold or repledged, are presented in the fund’s portfolio.
Collateral pledged by the fund is segregated by the fund’s custodian and identified in the fund’s portfolio. Collateral can be in the form of cash or debt securities issued by the U.S. Government or related agencies or other securities as agreed to by the fund and the applicable counterparty. Collateral requirements are determined based on the fund’s net position with each counterparty.
Termination events applicable to the fund may occur upon a decline in the fund’s net assets below a specified threshold over a certain period of time. Termination events applicable to counterparties may occur upon a decline in the counterparty’s long-term and short-term credit ratings below a specified level. In each case, upon occurrence, the other party may elect to terminate early and cause settlement of all derivative and foreign exchange contracts outstanding, including the payment of any losses and costs resulting from such early termination, as reasonably determined by the terminating party. Any decision by one or more of the fund’s counterparties to elect early termination could impact the fund's future derivative activity.
At the close of the reporting period, the fund had a net liability position of $367,103 on open derivative contracts subject to the Master Agreements. Collateral posted by the fund for these agreements totaled $544,591.












ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund’s investments. The three levels are defined as follows:
Level 1: Valuations based on quoted prices for identical securities in active markets.
Level 2: Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3: Valuations based on inputs that are unobservable and significant to the fair value measurement.
The following is a summary of the inputs used to value the fund’s net assets as of the close of the reporting period:

 Valuation inputs
Investments in securities: Level 1 Level 2 Level 3
Common stocks:
    Consumer discretionary $128,788,018 $— $—
    Consumer staples 50,789,389 — —
    Energy 90,297,994 — —
    Financials 225,796,384 — —
    Health care 85,532,536 — —
    Industrials 44,584,843 — —
    Information technology 95,582,009 — —
    Materials 44,223,361 — —
    Telecommunication services 17,894,438 — —
    Utilities 11,550,724 — —
Total common stocks 795,039,696 — —
U.S. Treasury Obligations — 346,760 —
Warrants — 4,193,040 —
Short-term investments 18,809,561 17,340,992 —
Totals by level $813,849,257 $21,880,792 $—



Valuation inputs
Other financial instruments: Level 1 Level 2 Level 3
Forward currency contracts $— $922,801 $—
Totals by level $— $922,801 $—


Market Values of Derivative Instruments as of the close of the reporting period
Asset derivatives Liability derivatives
Derivatives not accounted for as hedging instruments under ASC 815 Market value Market value
Foreign exchange contracts $2,047,989 $1,125,188
Equity contracts 4,193,040 —
Total $6,241,029 $1,125,188


The average volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was as follows:
Forward currency contracts (contract amount) $229,100,000
Warrants (number of warrants) 370,000

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 28, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title):
/s/ Jonathan S. Horwitz
Jonathan S. Horwitz
Principal Executive Officer
Date: March 28, 2013

By (Signature and Title):
/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: March 28, 2013

EX-99.CERT 2 b_005certifications.htm EX-99.CERT b_005certifications.htm

Certifications

I, Jonathan S. Horwitz, the Principal Executive Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:


a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;


b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and


d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):


a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and


b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Jonathan S. Horwitz
_____________________________

Date: March 27, 2013
Jonathan S. Horwitz
Principal Executive Officer













Certifications

I, Steven D. Krichmar, the Principal Financial Officer of the funds listed on Attachment A, certify that:

1. I have reviewed each report on Form N-Q of the funds listed on Attachment A:

2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report;

3. Based on my knowledge, the schedules of investments included in each report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrants and have:


a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which each report is being prepared;


b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;


c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and


d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed to each registrant’s auditors and the audit committee of each registrant’s board of directors (or persons performing the equivalent functions):


a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect each registrant’s ability to record, process, summarize, and report financial information; and


b) any fraud, whether or not material, that involves management or other employees who have a significant role in each registrant’s internal control over financial reporting.

/s/ Steven D. Krichmar
_______________________________

Date: March 27, 2013
Steven D. Krichmar
Principal Financial Officer














Attachment A

Period (s) ended January 31, 2013
               Putnam Managed Municipal Income Trust
               Putnam Municipal Opportunities Trust
               Putnam Multi-Cap Value Fund
               Putnam Multi-Cap Core Fund
               The Putnam Fund for Growth and Income
               Putnam Capital Opportunities Fund
               Putnam Income Fund
               Putnam Global Income Trust
               Putnam Global Equity Fund
               Putnam Convertible Securities Fund
               Putnam Absolute Return 100 Fund
               Putnam Absolute Return 300 Fund
               Putnam Absolute Return 500 Fund
               Putnam Absolute Return 700 Fund
               Putnam Capital Spectrum Fund
               Putnam Equity Spectrum Fund
               Putnam Asia Pacific Equity Fund
               Putnam Global Sector Fund