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Proc-Type: 2001,MIC-CLEAR
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Short-term investments held as collateral for loaned
securities with yields Putnam
Prime Money Market Fund (e) 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.
Item 1. Schedule of
Investments:
Putnam Voyager Fund
The fund's portfolio
10/31/05 (Unaudited)
COMMON STOCKS
(99.9%)(a)
Shares
Value
Aerospace and Defense
(3.3%)
L-3 Communications Holdings,
Inc.
1,424,800
$110,877,936
Lockheed Martin Corp.
1,473,900
89,259,384
United Technologies Corp.
2,687,500
137,815,000
337,952,320
Airlines
(0.7%)
Southwest Airlines Co.
4,509,500
72,197,095
Banking
(1.2%)
Commerce Bancorp, Inc. (S)
4,174,132
127,185,802
Beverage
(1.8%)
Coca-Cola Co. (The)
4,482,100
191,744,238
Biotechnology
(5.3%)
Amgen, Inc. (NON) (S)
3,783,800
286,660,688
Biogen Idec, Inc. (NON)
1,600,400
65,024,252
Genentech, Inc. (NON)
1,461,300
132,393,780
MedImmune, Inc. (NON)
1,838,800
64,321,224
548,399,944
Broadcasting
(0.6%)
XM Satellite Radio Holdings, Inc. Class
A (NON) (S)
2,110,800
60,854,364
Building Materials
(0.3%)
Masco Corp.
909,700
25,926,450
Cable Television
(--%)
Comcast Corp. Class A (Special)
(NON)
9,200
252,172
Commercial and Consumer
Services (6.3%)
eBay, Inc. (NON)
5,271,300
208,743,480
Google, Inc. Class A (NON)
451,700
168,095,638
Paychex, Inc.
1,834,500
71,105,220
Yahoo!, Inc. (NON)
5,734,200
211,993,374
659,937,712
Communications Equipment
(5.5%)
Cisco Systems, Inc. (NON)
18,714,200
326,562,790
Corning, Inc. (NON)
4,260,000
85,583,400
F5 Networks, Inc. (NON)
5,300
275,759
Qualcomm, Inc. (S)
4,065,400
161,640,304
574,062,253
Computers
(6.7%)
Apple Computer, Inc. (NON)
(S)
3,821,300
220,068,667
Dell, Inc. (NON)
8,796,800
280,441,984
EMC Corp. (NON)
14,250,100
198,931,396
Seagate Technology (Cayman Islands)
(NON)
10,700
155,043
699,597,090
Conglomerates
(1.3%)
Danaher Corp.
1,579,100
82,271,110
Tyco International, Ltd.
1,877,200
49,539,308
131,810,418
Consumer Finance
(3.6%)
Capital One Financial Corp.
(S)
2,233,100
170,497,185
Countrywide Financial
Corp.
6,513,200
206,924,364
377,421,549
Electronics (5.1%)
Agilent Technologies, Inc.
(NON)
8,700
278,487
Amphenol Corp. Class
A
641,910
25,657,143
Analog Devices, Inc.
(S)
9,900
344,322
Freescale Semiconductor, Inc.
Class B (NON)
2,657,800
63,468,264
Intel Corp.
8,699,600
204,440,600
Maxim Integrated Products, Inc.
(S)
5,700
197,676
Microchip Technology, Inc.
(S)
2,956,500
89,197,605
Motorola, Inc.
52,300
1,158,968
Texas Instruments,
Inc.
5,228,300
149,267,965
534,011,030
Financial (1.3%)
American Express
Co.
2,815,200
140,112,504
Food (1.4%)
Hershey Foods Corp.
1,274,200
72,412,786
Wrigley (Wm.) Jr. Co.
(S)
1,089,200
75,699,400
148,112,186
Health Care Services (7.7%)
AmerisourceBergen
Corp.
687,900
52,466,133
Cardinal Health, Inc.
(S)
2,013,800
125,882,638
Express Scripts, Inc. (NON)
(S)
1,015,400
76,571,314
HCA, Inc.
2,108,800
101,623,072
Medco Health Solutions, Inc.
(NON)
1,388,800
78,467,200
UnitedHealth Group,
Inc.
4,748,100
274,867,509
WellPoint, Inc.
(NON)
1,241,700
92,730,156
802,608,022
Homebuilding (1.5%)
Lennar Corp.
914,100
50,805,678
NVR, Inc. (NON) (S)
154,600
105,978,300
156,783,978
Insurance (3.5%)
American International Group,
Inc.
4,435,500
287,420,400
Everest Re Group, Ltd.
(Barbados)
751,000
74,686,950
362,107,350
Investment Banking/Brokerage (1.2%)
Bear Stearns Cos., Inc. (The)
(S)
1,155,700
122,273,060
Leisure (0.7%)
Harley-Davidson, Inc.
(S)
1,407,800
69,728,334
Lodging/Tourism (1.4%)
Las Vegas Sands Corp. (NON)
(S)
1,809,900
62,079,570
Royal Caribbean Cruises,
Ltd.
2,116,700
87,716,048
149,795,618
Machinery (0.6%)
Parker-Hannifin
Corp.
944,000
59,169,920
Medical Technology (3.5%)
Becton, Dickinson and
Co.
1,628,100
82,626,075
Edwards Lifesciences Corp. (NON)
(S)
185,500
7,675,990
Medtronic, Inc.
2,468,700
139,876,542
Nobel Biocare Holding AG
(Switzerland)
211,800
48,774,055
St. Jude Medical, Inc.
(NON)
1,793,000
86,189,510
365,142,172
Oil
& Gas (4.0%)
Amerada Hess Corp.
(S)
707,600
88,520,760
Apache Corp.
1,078,900
68,866,187
Burlington Resources,
Inc.
757,900
54,735,538
Canadian Natural Resources, Ltd.
(Canada)
1,248,300
51,442,443
Marathon Oil Corp.
1,644,500
98,933,120
Valero Energy Corp.
523,900
55,135,236
417,633,284
Pharmaceuticals (5.1%)
Barr Pharmaceuticals, Inc. (NON)
1,028,000
59,058,600
Johnson & Johnson
6,327,600
396,234,312
Teva Pharmaceutical Industries, Ltd. ADR (Israel) (S)
2,110,500
80,452,260
535,745,172
Power Producers (0.5%)
AES Corp. (The) (NON)
3,363,000
53,438,070
Publishing (1.0%)
McGraw-Hill Companies, Inc. (The)
2,006,400
98,193,216
R. R. Donnelley & Sons Co.
20,000
700,400
98,893,616
Restaurants (2.5%)
McDonald's Corp.
17,500
553,000
Starbucks Corp. (NON) (S)
3,574,900
101,098,172
Yum! Brands, Inc.
3,079,700
156,664,339
258,315,511
Retail (11.5%)
Abercrombie & Fitch Co. Class A
1,540,100
80,069,799
Best Buy Co., Inc.
3,240,000
143,402,400
Coach, Inc. (NON)
2,104,600
67,726,028
Home Depot, Inc. (The)
6,493,800
266,505,552
Kohl's Corp. (NON)
1,539,800
74,110,574
Lowe's Cos., Inc. (S)
3,287,700
199,793,529
Michaels Stores, Inc.
2,719,300
89,954,444
Sears Holdings Corp. (NON)
5,500
661,375
Staples, Inc.
8,647,300
196,553,129
Whole Foods Market, Inc. (S)
550,500
79,343,565
1,198,120,395
Schools (0.7%)
Apollo Group, Inc. Class A (NON)
1,131,200
71,288,224
Semiconductor (1.6%)
Applied Materials, Inc. (S)
6,441,000
105,503,580
Lam Research Corp. (NON)
1,850,400
62,432,496
167,936,076
Software (4.5%)
Adobe Systems, Inc.
2,653,700
85,581,825
Autodesk, Inc.
1,217,800
54,959,314
Citrix Systems, Inc. (NON)
1,640,900
45,239,613
McAfee, Inc. (NON) (S)
2,338,000
70,210,140
Mercury Interactive Corp. (NON)
5,400
187,866
Microsoft Corp.
64,200
1,649,940
Oracle Corp. (NON)
11,755,700
149,062,276
Symantec Corp. (NON)
2,577,500
61,473,375
468,364,349
Technology Services (1.4%)
Accenture, Ltd. Class A (Bermuda)
16,100
423,591
Fair Isaac Corp. (S)
751,400
31,378,464
Fiserv, Inc. (NON)
1,557,200
68,018,496
VeriSign, Inc. (NON)
1,736,500
41,033,495
140,854,046
Telecommunications (0.7%)
Sprint Nextel Corp.
3,023,200
70,470,792
Tobacco (1.9%)
Altria Group, Inc.
2,664,100
199,940,705
Total common stocks (cost $9,866,756,393)
$10,398,185,821
SHORT-TERM INVESTMENTS (4.2%)(a)
Principal amount/
Value
shares
Interest in $206,500,000 joint
tri-party repurchase agreement dated
October 31, 2005 with Bank of America,
LLC due November 1, 2005 with
respect to various U.S. Government
obligations -- maturity value of
$19,802,217 for an effective yield of
4.03% (collateralized by Fannie Mae
securities with yields ranging from
5.00% to 6.00% and due dates ranging
from June 1, 2034 to April 1,
2035)
$19,800,000
$19,800,000
Interest in $245,000,000 joint
tri-party repurchase agreement dated
October 31, 2005 with UBS Securities,
LLC due November 1, 2005 with
respect to various U.S. Government
obligations -- maturity value of
$54,206,067 for an effective yield of
4.03% (collateralized by Fannie Mae
securities with yields ranging from
4.00% to 10.50% and due dates
ranging from October 1, 2015 to
November 1, 2035 and Freddie Mac
securities with yields ranging from
3.50% to 10.50% and due dates
ranging from October 1, 2015 to
February 1, 2035)
54,200,000
54,200,000
ranging from 3.77% to 4.21% and due
dates ranging from November 1, 2005
to December 9,
2005 (d) 312,541,361
312,463,060
49,307,258
49,307,258
Total short-term
investments (cost $435,770,318)
$435,770,318
TOTAL
INVESTMENTS
Total investments (cost
$10,302,526,711) (b)
$10,833,956,139
TOTAL RETURN SWAP CONTRACTS OUTSTANDING at 10/31/05 (Unaudited)
Unrealized
Notional
Termination
appreciation/
amount
date
(depreciation)
Agreement with Citigroup Global Markets Limited dated September 12,
2005 to receive/(pay) monthly the notional amount multiplied by the
total rate of return of the Commerce Bancorp Inc. NJ and pay semi-
annually the notional amount multiplied by the six month USD-LIBOR-
BBA plus 25 basis points.
$10,120,115
9/12/06
$(241,007)
Agreement with Deutsche Bank AG dated July 14, 2005 to
receive/(pay) at maturity the notional amount multiplied by the total rate
of return of the Commerce Bancorp Inc. NJ and pay semi-annually the
notional amount multiplied by the six month USD-LIBOR-BBA plus 25
basis points.
13,598,053
7/19/06
(557,351)
Agreement with Deutsche Bank AG dated April 21, 2005 to
receive/(pay) semi-annually the notional amount multiplied by the total
rate of return of the Commerce Bancorp Inc. NJ and pay semi-annually
the notional amount multiplied by the six month USD-LIBOR-BBA plus
25 basis points.
6,178,580
4/24/06
324,134
Agreement with Deutsche Bank AG dated April 13, 2005 to
receive/(pay) semi-annually the notional amount multiplied by the total
rate of return of the Commerce Bancorp Inc. NJ and pay semi-annually
the notional amount multiplied by the six month USD-LIBOR-BBA plus
25 basis points.
5,892,626
4/13/06
348,515
Agreement with Deutsche Bank AG dated April 14, 2005 to
receive/(pay) semi-annually the notional amount multiplied by the total
rate of return of the Commerce Bancorp Inc. NJ and pay semi-annually
the notional amount multiplied by the six month USD-LIBOR-BBA plus
25 basis points.
5,891,150
4/14/06
267,557
Total
$141,848
NOTES
(a)
Percentages indicated are based
on net assets of $10,412,333,770.
(b)
The aggregate identified cost on
a tax basis is $10,357,855,050, resulting in gross unrealized appreciation
and
depreciation of $868,733,873 and
$392,632,784, respectively, or net unrealized appreciation of
$476,101,089.
(NON)
Non-income-producing
security.
(S)
Securities on loan, in part or
in entirety, at October 31, 2005.
(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
funds 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, 2005, the
value of
securities loaned amounted to
$303,270,813. Certain of these securities were sold prior to period-end.
The fund
received cash collateral of
$312,463,060 which is pooled with collateral of other Putnam funds into 16
issues of
high-grade, short-term
investments.
(e)
Pursuant to an exemptive order
from the Securities and Exchange Commission, the fund invests in
Putnam
Prime Money Market Fund, an
open-end management investment company managed by Putnam
Investment
Management, LLC ("Putnam
Management"), the fund's manager, an indirect wholly-owned subsidiary of
Putnam,
LLC. Management fees paid by the
fund are reduced by an amount equal to the management and
administrative
fees paid by Putnam Prime Money
Market Fund with respect to assets invested by the fund in Putnam
Prime
Money Market Fund. Income
distributions earned by the fund totaled $379,753 for the period ended
October 31,
2005. During the period ended
October 31, 2005, cost of purchases and cost of sales of investments in
Putnam
Prime Money Market Fund
aggregated $525,917,024 and $517,440,752, respectively.
At October 31, 2005, liquid
assets totaling $41,680,523 have been designated as collateral for open
swap
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.
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, if any, 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
certain 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 counterpartys 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.
Total return swap contracts The fund may enter into total
return swap contracts, which are arrangements to
exchange a market-linked return
for a periodic payment, both based on a notional principal amount. To
the
extent that the total return of
the security or index underlying the transaction exceeds or falls short of
the
offsetting interest rate
obligation, the fund will receive a payment from or make a payment to the
counterparty.
Total return swap contracts are
marked-to-market daily based upon quotations from market makers and
the
change, if any, is recorded as
unrealized gain or loss. Payments received or made are recorded as
realized
gains or loss. The fund could be
exposed to credit or market risk due to unfavorable changes in the
fluctuation of
interest rates or in the price
of the underlying security or index, the possibility that there is no
liquid market for
these agreements or that the
counterparty may default on its obligation to perform. Risk of loss
may exceed amounts
recognized on the statement of assets and
liabilities. Total return swap contracts
outstanding at period end, if any,
are listed after the funds
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
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.
NAME OF REGISTRANT
By (Signature and Title):
/s/ Michael T. Healy
Michael T. Healy
Principal Accounting Officer
Date: December 29, 2005
By (Signature and Title): /s/ Charles E. Porter Charles E. Porter Principal Executive Officer Date: December 29, 2005 By (Signature and Title): /s/ Steven D. Krichmar Steven D. Krichmar Principal Financial Officer Date: December 29, 2005 |
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 registrants 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 registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer and I have disclosed to each registrants auditors and the audit committee of each registrants 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 registrants 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 registrants internal control over financial reporting.
/s/ Charles E. Porter _____________________________ Date: December 28, 2005 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 registrants 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 registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and
5. The registrants other certifying officer and I have disclosed to each registrants auditors and the audit committee of each registrants 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 registrants 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 registrants internal control over financial reporting.
/s/ Charles E. Porter _______________________________ Date: December 28, 2005 Steven D. Krichmar Principal Financial Officer |
Attachment A | |
NQ | |
Period (s) ended October 31, 2005 | |
035 | Putnam AMT Free-Insured Municipal Fund |
036 | Putnam Tax-Free High Yield Fund |
001 | The George Putnam Fund of Boston |
007 | Putnam Voyager Fund |
2AQ | Putnam Research Fund |
006 | Putnam Vista Fund |
073 | Putnam Premier Income Trust |
024 | Putnam OTC Emerging Growth Fund |
003 | Putnam Investors Fund |
2AP | Putnam Growth Opportunities Fund |
7CR | Putnam RetirementReady 2050 Fund |
40M | Putnam RetirementReady 2045 Fund |
40F | Putnam RetirementReady 2040 Fund |
49Y | Putnam RetirementReady 2035 Fund |
49R | Putnam RetirementReady 2030 Fund |
49K | Putnam RetirementReady 2025 Fund |
49D | Putnam RetirementReady 2020 Fund |
48W | Putnam RetirementReady 2015 Fund |
48I | Putnam RetirementReady 2010 Fund |
48P | Putnam RetirementReady Maturity Fund |