-----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, DytsjQpvElS+1YZ82Fp05745MM39Acr27J7g0zddu16Y/gUcn3Gb46wQ+IQTbM/d I+1ZHXliJIZH/CzBMnvwmw== 0000928816-04-001413.txt : 20041228 0000928816-04-001413.hdr.sgml : 20041228 20041228115431 ACCESSION NUMBER: 0000928816-04-001413 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041031 FILED AS OF DATE: 20041228 DATE AS OF CHANGE: 20041228 EFFECTIVENESS DATE: 20041228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM VOYAGER FUND CENTRAL INDEX KEY: 0000081280 IRS NUMBER: 046187125 STATE OF INCORPORATION: MA FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-01682 FILM NUMBER: 041227779 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM VOYAGER FUND INC /PRED/ DATE OF NAME CHANGE: 19821109 N-Q 1 voy1.txt PUTNAM VOYAGER FUND Item 1. Schedule of Investments: - -------------------------------- Putnam Voyager Fund QUARTERLY PORTFOLIO HOLDINGS 10-31-04
Putnam Voyager Fund The fund's portfolio October 31, 2004 (Unaudited) Common stocks (99.8%) (a) - ----------------------------------------------------------------------------------------------------------- Number of shares Value - ----------------------------------------------------------------------------------------------------------- Aerospace and Defense (3.3%) - ----------------------------------------------------------------------------------------------------------- 4,676,000 Boeing Co. (The) $233,332,400 233,400 General Dynamics Corp. (S) 23,834,808 502,300 L-3 Communications Holdings, Inc. 33,116,639 1,654,600 United Technologies Corp. 153,579,972 ------------- 443,863,819 Automotive (0.2%) - ----------------------------------------------------------------------------------------------------------- 516,100 Johnson Controls, Inc. (S) 29,598,335 Banking (2.3%) - ----------------------------------------------------------------------------------------------------------- 352,700 Commerce Bancorp, Inc. (S) 20,893,948 1,720,600 Doral Financial Corp. (S) 72,230,788 3,091,500 U.S. Bancorp 88,447,815 2,019,200 Wells Fargo & Co. 120,586,624 ------------- 302,159,175 Basic Materials (--%) - ----------------------------------------------------------------------------------------------------------- 104,300 Vulcan Materials Co. 5,192,054 Beverage (2.8%) - ----------------------------------------------------------------------------------------------------------- 812,700 Coca-Cola Co. (The) 33,044,382 416,900 Coca-Cola Enterprises, Inc. 8,717,379 3,307,000 Pepsi Bottling Group, Inc. (The) (S) 92,728,280 4,733,500 PepsiCo, Inc. 234,686,930 ------------- 369,176,971 Biotechnology (2.8%) - ----------------------------------------------------------------------------------------------------------- 3,189,600 Amgen, Inc. (NON) 181,169,280 800,000 Biogen Idec, Inc. (NON) 46,528,000 618,800 Genentech, Inc. (NON) 28,173,964 937,700 Genzyme Corp. (NON) (S) 49,201,119 1,910,100 Gilead Sciences, Inc. (NON) 66,146,763 ------------- 371,219,126 Building Materials (0.8%) - ----------------------------------------------------------------------------------------------------------- 3,024,200 Masco Corp. 103,609,092 Commercial and Consumer Services (2.3%) - ----------------------------------------------------------------------------------------------------------- 2,010,800 eBay, Inc. (NON) 196,274,188 3,008,600 Yahoo!, Inc. (NON) 108,881,234 ------------- 305,155,422 Communications Equipment (5.9%) - ----------------------------------------------------------------------------------------------------------- 21,803,700 Cisco Systems, Inc. (NON) 418,849,077 387,900 Harris Corp. 23,867,487 8,431,800 Qualcomm, Inc. 352,533,558 ------------- 795,250,122 Computers (3.9%) - ----------------------------------------------------------------------------------------------------------- 8,307,600 Dell, Inc. (NON) 291,264,456 11,164,400 EMC Corp. (NON) 143,685,828 1,044,200 Lexmark International, Inc. (NON) 86,783,462 ------------- 521,733,746 Conglomerates (1.7%) - ----------------------------------------------------------------------------------------------------------- 467,700 Danaher Corp. (S) 25,784,301 5,568,700 General Electric Co. 190,004,044 161,500 ITT Industries, Inc. (S) 13,104,110 ------------- 228,892,455 Consumer Cyclicals (0.1%) - ----------------------------------------------------------------------------------------------------------- 101,100 Black & Decker Manufacturing Co. 8,116,308 Consumer Finance (1.8%) - ----------------------------------------------------------------------------------------------------------- 2,185,100 Capital One Financial Corp. (S) 161,172,976 2,931,700 MBNA Corp. 75,139,471 ------------- 236,312,447 Consumer Goods (4.4%) - ----------------------------------------------------------------------------------------------------------- 3,709,100 Avon Products, Inc. 146,694,905 2,684,900 Gillette Co. (The) 111,369,652 6,586,100 Procter & Gamble Co. 337,076,598 ------------- 595,141,155 Containers (--%) - ----------------------------------------------------------------------------------------------------------- 137,000 Ball Corp. 5,459,450 Distribution (0.3%) - ----------------------------------------------------------------------------------------------------------- 1,165,700 SYSCO Corp. 37,617,139 Electric Utilities (0.7%) - ----------------------------------------------------------------------------------------------------------- 3,181,000 Edison International 97,020,500 Electronics (5.9%) - ----------------------------------------------------------------------------------------------------------- 846,300 Arrow Electronics, Inc. (NON) (S) 20,277,348 15,979,500 Intel Corp. 355,703,670 515,200 Jabil Circuit, Inc. (NON) 12,524,512 835,400 Maxim Integrated Products, Inc. (S) 36,749,246 4,763,300 Micron Technology, Inc. (NON) (S) 58,016,994 8,925,300 Motorola, Inc. 154,050,678 1,397,100 SanDisk Corp. (NON) (S) 29,157,477 991,500 Storage Technology Corp. (NON) (S) 26,790,330 3,339,700 Texas Instruments, Inc. (S) 81,655,665 463,000 Xilinx, Inc. 14,167,800 ------------- 789,093,720 Financial (2.6%) - ----------------------------------------------------------------------------------------------------------- 618,900 American Express Co. 32,845,023 1,712,000 Citigroup, Inc. 75,961,440 2,608,900 Fannie Mae 183,014,335 1,110,000 SLM Corp. (S) 50,238,600 ------------- 342,059,398 Gaming & Lottery (0.5%) - ----------------------------------------------------------------------------------------------------------- 1,142,600 Harrah's Entertainment, Inc. (S) 66,864,952 Health Care Services (5.3%) - ----------------------------------------------------------------------------------------------------------- 137,300 Anthem, Inc. (NON) (S) 11,038,920 1,604,100 Caremark Rx, Inc. (NON) (S) 48,074,877 303,100 Community Health Systems, Inc. (NON) 8,129,142 1,941,500 Coventry Health Care, Inc. (NON) (S) 79,407,350 864,100 Express Scripts, Inc. Class A (NON) 55,302,400 791,900 Fisher Scientific International, Inc. (NON) (S) 45,423,384 422,200 Health Management Associates, Inc. (S) 8,722,652 827,600 Henry Schein, Inc. (NON) (S) 52,329,148 520,400 Manor Care, Inc. 17,037,896 432,000 Medco Health Solutions, Inc. (NON) 14,649,120 559,300 PacifiCare Health Systems, Inc. (NON) (S) 19,922,266 465,800 Patterson Cos., Inc. (NON) (S) 17,467,500 490,900 Sierra Health Services, Inc. (NON) (S) 23,425,748 3,052,200 UnitedHealth Group, Inc. 220,979,280 572,700 Universal Health Services, Inc. Class B (S) 23,801,412 506,300 WellChoice, Inc. (NON) 21,143,088 391,500 WellPoint Health Networks, Inc. (NON) 38,233,890 ------------- 705,088,073 Homebuilding (0.2%) - ----------------------------------------------------------------------------------------------------------- 123,571 D.R. Horton, Inc. (S) 3,707,130 31,200 NVR, Inc. (NON) (S) 19,562,400 ------------- 23,269,530 Household Furniture and Appliances (0.5%) - ----------------------------------------------------------------------------------------------------------- 1,064,400 Whirlpool Corp. 62,533,500 Industrial (1.4%) - ----------------------------------------------------------------------------------------------------------- 2,377,400 3M Co. 184,414,918 Insurance (0.7%) - ----------------------------------------------------------------------------------------------------------- 126,800 AMBAC Financial Group, Inc. 9,898,008 1,024,600 Fidelity National Financial, Inc. 38,668,404 468,100 Progressive Corp. (The) 43,790,755 ------------- 92,357,167 Investment Banking/Brokerage (0.2%) - ----------------------------------------------------------------------------------------------------------- 254,700 Lehman Brothers Holdings, Inc. 20,923,605 Leisure (0.1%) - ----------------------------------------------------------------------------------------------------------- 147,800 Polaris Industries, Inc. 8,771,930 Lodging/Tourism (0.5%) - ----------------------------------------------------------------------------------------------------------- 1,485,600 Royal Caribbean Cruises, Ltd. (Liberia) 69,228,960 Manufacturing (0.3%) - ----------------------------------------------------------------------------------------------------------- 495,800 Illinois Tool Works, Inc. 45,752,424 Medical Technology (3.6%) - ----------------------------------------------------------------------------------------------------------- 922,900 Becton, Dickinson and Co. 48,452,250 3,286,600 Medtronic, Inc. 167,978,126 278,800 Respironics, Inc. (NON) 14,243,892 1,613,100 St. Jude Medical, Inc. (NON) 123,515,067 1,347,600 Varian Medical Systems, Inc. (NON) (S) 54,106,140 952,700 Zimmer Holdings, Inc. (NON) (S) 73,919,993 ------------- 482,215,468 Oil & Gas (3.2%) - ----------------------------------------------------------------------------------------------------------- 2,797,200 Amerada Hess Corp. (S) 225,762,012 1,107,200 Anadarko Petroleum Corp. 74,680,640 679,000 Apache Corp. 34,425,300 2,243,000 Valero Energy Corp. 96,381,710 ------------- 431,249,662 Pharmaceuticals (11.5%) - ----------------------------------------------------------------------------------------------------------- 4,195,400 Abbott Laboratories 178,849,902 231,696 Eon Labs, Inc. (NON) (S) 5,702,039 9,278,100 Johnson & Johnson (S) 541,655,478 25,052,800 Pfizer, Inc. 725,278,560 2,173,700 Wyeth 86,187,205 ------------- 1,537,673,184 Photography/Imaging (0.5%) - ----------------------------------------------------------------------------------------------------------- 4,271,500 Xerox Corp. (NON) (S) 63,090,055 Regional Bells (0.3%) - ----------------------------------------------------------------------------------------------------------- 1,041,900 Verizon Communications, Inc. 40,738,290 Restaurants (1.3%) - ----------------------------------------------------------------------------------------------------------- 1,527,600 Darden Restaurants, Inc. 37,426,200 1,508,600 Starbucks Corp. (NON) 79,774,768 1,254,600 Yum! Brands, Inc. 54,575,100 ------------- 171,776,068 Retail (13.9%) - ----------------------------------------------------------------------------------------------------------- 564,300 Abercrombie & Fitch Co. Class A 22,109,274 2,042,700 Best Buy Co., Inc. 120,968,694 449,900 Borders Group, Inc. 10,253,221 554,400 Chico's FAS, Inc. (NON) (S) 22,192,632 580,300 Circuit City Stores-Circuit City Group 9,429,875 171,300 Claire's Stores, Inc. 4,457,226 540,300 Coach, Inc. (NON) (S) 25,194,189 3,341,000 Costco Wholesale Corp. (S) 160,167,540 7,975,500 Home Depot, Inc. (The) 327,633,540 1,883,800 Kohl's Corp. (NON) 95,621,688 3,391,800 Lowe's Cos., Inc. (S) 190,890,504 2,656,000 Michaels Stores, Inc. 77,289,600 1,288,200 Nordstrom, Inc. 55,624,476 236,600 PETsMART, Inc. (S) 7,566,468 288,600 RadioShack Corp. 8,637,798 121,900 Rent-A-Center, Inc. (NON) 2,924,381 5,259,700 Staples, Inc. 156,423,478 1,411,690 Target Corp. 70,612,734 717,500 Timberland Co. (The) Class A (NON) (S) 44,054,500 1,177,300 TJX Cos., Inc. (The) 28,231,654 7,286,000 Wal-Mart Stores, Inc. (S) 392,861,120 253,000 Whole Foods Market, Inc. (S) 20,601,790 210,000 Williams-Sonoma, Inc. (NON) 8,015,700 ------------- 1,861,762,082 Schools (--%) - ----------------------------------------------------------------------------------------------------------- 80,299 Apollo Group, Inc. Class A (NON) 5,299,734 Semiconductor (0.1%) - ----------------------------------------------------------------------------------------------------------- 1,199,400 Applied Materials, Inc. (NON) 19,310,340 Shipping (0.7%) - ----------------------------------------------------------------------------------------------------------- 560,300 FedEx Corp. 51,054,536 1,052,200 J. B. Hunt Transport Services, Inc. 42,992,892 ------------- 94,047,428 Software (10.6%) - ----------------------------------------------------------------------------------------------------------- 5,391,300 Adobe Systems, Inc. 302,074,539 1,557,000 Autodesk, Inc. 82,131,750 21,924,600 Microsoft Corp. 613,669,554 16,625,300 Oracle Corp. (NON) 210,476,298 3,623,200 Symantec Corp. (NON) (S) 206,305,008 ------------- 1,414,657,149 Technology Services (0.6%) - ----------------------------------------------------------------------------------------------------------- 709,600 Affiliated Computer Services, Inc. Class A (NON) (S) 38,708,680 1,160,100 Fiserv, Inc. (NON) 41,229,954 ------------- 79,938,634 Telecommunications (0.3%) - ----------------------------------------------------------------------------------------------------------- 1,204,400 CenturyTel, Inc. (S) 38,649,196 Textiles (0.7%) - ----------------------------------------------------------------------------------------------------------- 1,272,000 Liz Claiborne, Inc. (S) 51,999,360 555,900 Nike, Inc. (S) 45,200,228 ------------- 97,199,588 Tobacco (0.8%) - ----------------------------------------------------------------------------------------------------------- 2,123,000 Altria Group, Inc. (S) 102,880,627 Transportation Services (0.2%) - ----------------------------------------------------------------------------------------------------------- 411,800 United Parcel Service, Inc. Class B 32,606,324 ------------- Total Common stocks (cost $12,511,194,318) $13,338,969,322 Short-term investments (4.1%) (a) - ----------------------------------------------------------------------------------------------------------- Principal amount Value - ----------------------------------------------------------------------------------------------------------- $105,112,000 Interest in $403,000,000 joint tri-party repurchase agreement dated October 29, 2004 with Goldman Sachs & Co. due November 1, 2004 with respect to various U.S. Government obligations -- maturity value of $105,128,292 for an effective yield of 1.86% (collateralized by Fannie Mae securities with yields of 6.00% and due dates ranging from August 1, 2034 to September 1, 2034 and Freddie Mac securities with yields ranging from 4.50% to 6.00% and due dates ranging from June 1, 2024 to September 1, 2034). $105,112,000 42,316,000 Interest in $400,000,000 joint tri-party repurchase agreement dated October 29, 2004 with UBS Securities LLC due November 1, 2004 with respect to various U.S. Government obligations -- maturity value of $42,322,524 for an effective yield of 1.85% (collateralized by Fannie Mae securities with a yields ranging from 1.88% to 6.00% and due dates ranging from December 15, 2004 to January 15, 2008). 42,316,000 377,148,914 Short-term investments held as collateral for loaned securities with yields ranging from 1.75% to 2.03% and due dates ranging from November 1, 2004 to December 6, 2004 (d) 377,023,095 22,143,037 Putnam Prime Money Market Fund (e) 22,143,037 ------------- Total Short-term investments (cost $546,594,132) $546,594,132 - ----------------------------------------------------------------------------------------------------------- Total Investments (cost $13,057,788,450) (b) $13,885,563,454 - -----------------------------------------------------------------------------------------------------------
Written options outstanding at October 31, 2004 (premium received $1,615,309) Contract Expiration date/ amount strike price Value - ---------------------------------------------------------------------------- 181,456 Abercrombie & Fitch Co. Class A (Call) Nov 04/$40.76 $190,184 238,764 Amazon Corp. (Put) Nov 04/$35.26 503,745 93,430 Apollo Group, Inc. Class A (Put) Nov 04/$66.25 123,318 224,413 Cardinal Health (Put) Nov 04/$39.32 2,244 360,911 Cisco Systems, Inc. (Put) Dec 04/$16.54 66,660 157,833 Coach, Inc. (Call) Nov 04/$47.54 48,944 105,318 Express Scripts, Inc. Class A (Call) Dec 04/$69.56 83,201 205,301 Genentech, Inc. (Put) Nov 04/$42.96 98,544 188,105 Genzyme Corp. (Put) Nov 04/$45.99 16,929 251,424 Gilead Sciences, Inc. (Call) Nov 04/$41.58 2,967 157,604 Lennar Corp. (Put) Nov 04/$39.24 6,935 82,899 Lexmark International, Inc. (Put) Nov 04/$74.20 8 200,619 Medco Health Solutions, Inc. (Call) Nov 04/$36.13 83,518 200,619 Medco Health Solutions, Inc. (Put) Nov 04/$29.57 41,207 368,857 Motorola, Inc. (Call) Nov 04/$20.28 7,377 385,525 Motorola, Inc. (Call) Nov 04/$19.48 39 233,718 Valero Energy, Corp. (Call) Nov 04/$45.98 34,590 - ---------------------------------------------------------------------------- $1,310,410 - ---------------------------------------------------------------------------- NOTES (a) Percentages indicated are based on net assets of $13,365,455,535. (b) The aggregate identified cost on a tax basis is $13,197,708,390, resulting in gross unrealized appreciation and depreciation of $1,443,154,199 and $755,299,135, respectively, or net unrealized appreciation of $687,855,064. (NON) Non-income-producing security. (S) Securities on loan, in part or in entirety, at October 31, 2004. (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 October 31, 2004, the value of securities loaned amounted to $367,713,073. The fund received cash collateral of $377,023,095 which is pooled with collateral of other Putnam funds into 23 issuers of high grade short-term investments. (e) The fund invests in the Putnam Prime Money Market Fund, an open-end management investment company managed by Putnam Investment Management, LLC ("Putnam Management"), the fund's manager, an indirect wholly-owned subsidiary of Putnam, LLC. Management fees paid by the fund are reduced by an amount equal to the management fees paid by Putnam Prime Money Market Fund with respect to assets invested by the fund in Putnam Prime Money Market Fund. Income distributions earned by the fund totaled $268,553 for the period ended October 31, 2004. Security valuation Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets. If no sales are reported -- as in the case of some securities traded over-the-counter -- a security is valued at its last reported bid price. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign securities taking into account multiple factors, including movements in the U.S. securities markets. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. Securities quoted in foreign currencies are translated into U.S. dollars at the current exchange rate. Short-term investments having remaining maturities of 60 days or less are valued at amortized cost, which approximates fair value. Other investments, including restricted securities, are valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees. 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. Futures and options contracts The fund may use futures and options contracts to hedge against changes in the values of securities the fund owns or expects to purchase. The fund may also write options on securities it owns or in which it may invest to increase its current returns. The potential risk to the fund is that the change in value of futures and options contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, or if the counterparty to the contract is unable to perform. Risks may exceed amounts recognized on the statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Realized gains and losses on purchased options are included in realized gains and losses on investment securities. If a written call option is exercised, the premium originally received is recorded as an addition to sales proceeds. If a written put option is exercised, the premium originally received is recorded as an addition to cost of investments. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as "variation margin." Exchange traded options are valued at the last sale price, or if no sales are reported, the last bid price for purchased options and the last ask price for written options. Options traded over-the-counter are valued using prices supplied by dealers. Futures and written option contracts outstanding at period end, if any, are listed after the fund's portfolio. For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com Item 2. Controls and Procedures: - -------------------------------- (a) The registrant's principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms. (b) Changes in internal control over financial reporting: Not applicable Item 3. Exhibits: - ------------------ A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2 under the Investment Company Act of 1940, as amended, are filed herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NAME OF REGISTRANT By (Signature and Title): /s/ Michael T. Healy -------------------------- Michael T. Healy Principal Accounting Officer Date: December 28, 2004 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: December 28, 2004 By (Signature and Title): /s/ Steven D. Krichmar --------------------------- Steven D. Krichmar Principal Financial Officer Date: December 28, 2004 EX-99.CERT 2 exnn2.txt EX-99.CERT Certifications - -------------- I, Charles E. Porter, the Principal Executive Officer of the funds listed on Attachment A, certify that: 1. I have reviewed each report on Form N-Q of the funds listed on Attachment A: 2. Based on my knowledge, each report does not contain any untrue statements of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by each report; 3. Based on my knowledge, the schedule of investments included in each report fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which each 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) 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) 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 c) 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 controls 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 controls over financial reporting. /s/ Charles E. Porter Date: December 23, 2004 - ---------------------- ----------------------- 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 schedule of investments included in each report fairly presents in all material respects the investments of the registrant as of the end of the fiscal quarter for which each 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) 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) 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 c) 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 controls 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 controls over financial reporting. /s/ Steven D. Krichmar Date: December 23, 2004 - ---------------------- ----------------------- Steven D. Krichmar, Principal Financial Officer Attachment A - -------------- Period(s) ended October 31, 2004 Quarterly Portfolios 001 The George Putnam Fund of Boston 003 Putnam Investors Fund 006 Putnam Vista Fund 007 Putnam Voyager Fund 024 Putnam OTC & Emerging Growth Fund 035 Putnam Tax-Free Insured Fund 036 Putnam Tax-Free High Yield Fund 073 Putnam Premier Income Fund 2AP Putnam Growth Opportunities Fund 2AQ Putnam Research Fund Putnam RetirementReady Funds: 48P Putnam RetirementReady Maturity 48I Putnam RetirementReady 2010 48W Putnam RetirementReady 2015 49D Putnam RetirementReady 2020 49K Putnam RetirementReady 2025 49R Putnam RetirementReady 2030 49Y Putnam RetirementReady 2035 40F Putnam RetirementReady 2040 40M Putnam RetirementReady 2045 -----END PRIVACY-ENHANCED MESSAGE-----