-----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, R0Nf0bRTag/lL9DMfcxYOzvAbT1SA877jWHvO5a2GZRh4HDgV70P6zUiRlMRW3GO heJ8JkTg1hJ245Ot/UERKg== 0000928816-07-000899.txt : 20070629 0000928816-07-000899.hdr.sgml : 20070629 20070629111953 ACCESSION NUMBER: 0000928816-07-000899 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070430 FILED AS OF DATE: 20070629 DATE AS OF CHANGE: 20070629 EFFECTIVENESS DATE: 20070629 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: 07949044 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 0000081280 S000006573 PUTNAM VOYAGER FUND C000017940 Class A Shares PVOYX C000017941 Class B Shares PVOBX C000017942 Class C Shares PVFCX C000017943 Class M Shares PVOMX C000017944 Class R Shares PVYRX C000017945 Class Y Shares PVYYX N-Q 1 a_voyagerfund.htm PUTNAM VOYAGER FUND a_voyagerfund.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- 01682 )

Exact name of registrant as specified in charter: Putnam Voyager Fund

Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109

Name and address of agent for service:  Beth S. Mazor, Vice President 
  One Post Office Square 
  Boston, Massachusetts 02109 
 
Copy to:  John W. Gerstmayr, Esq. 
  Ropes & Gray LLP 
  One International Place 
  Boston, Massachusetts 02110 

Registrant’s telephone number, including area code: (617) 292-1000

Date of fiscal year end: July 31, 2007

Date of reporting period: April 30, 2007

Item 1. Schedule of Investments:


Putnam Voyager Fund     

The fund's portfolio     
4/30/07 (Unaudited)     
 
COMMON STOCKS (99.1%)(a)     
  Shares  Value 

Advertising and Marketing Services (0.9%)     
Omnicom Group, Inc.  664,548  $69,584,821 

 
Aerospace and Defense (7.3%)     
Boeing Co. (The)  1,856,200  172,626,600 
General Dynamics Corp.  1,413,300  110,944,050 
L-3 Communications Holdings, Inc.  1,291,000  116,099,630 
United Technologies Corp.  2,331,900  156,540,447 
    556,210,727 

 
Automotive (1.4%)     
Harley-Davidson, Inc. (S)  1,652,399  104,629,905 

 
Banking (1.2%)     
Commerce Bancorp, Inc.  1,331,900  44,538,736 
Wells Fargo & Co. (S)  1,275,500  45,777,695 
    90,316,431 

 
Biotechnology (2.7%)     
Amgen, Inc. (NON)  1,830,400  117,401,856 
Genentech, Inc. (NON) (S)  1,091,000  87,269,090 
    204,670,946 

 
Building Materials (0.5%)     
Sherwin-Williams Co. (The)  670,500  42,757,785 

 
Commercial and Consumer Services (2.1%)     
Alliance Data Systems Corp. (NON) (S)  1,165,685  74,207,507 
Dun & Bradstreet Corp. (The)  491,411  44,374,413 
Equifax, Inc. (S)  1,117,700  44,484,460 
    163,066,380 

 
Communications Equipment (5.1%)     
Cisco Systems, Inc. (NON)  10,361,300  277,061,162 
Qualcomm, Inc. (SEG)  2,568,900  112,517,820 
    389,578,982 

 
Computers (5.3%)     
Apple Computer, Inc. (NON) (SEG)  1,806,900  180,328,620 
Dell, Inc. (NON) (S)  3,653,600  92,107,256 
EMC Corp. (NON) (S)  4,219,300  64,048,974 
Network Appliance, Inc. (NON) (S)  1,891,400  70,378,994 
    406,863,844 

 
Conglomerates (1.6%)     
Danaher Corp. (S)  1,701,900  121,158,261 

 
Consumer Finance (2.8%)     
Capital One Financial Corp.  1,633,940  121,336,384 
Countrywide Financial Corp.  2,495,500  92,533,140 
    213,869,524 

 
Consumer Goods (1.8%)     
Colgate-Palmolive Co.  855,400  57,944,796 
Procter & Gamble Co. (The)  1,282,900  82,503,299 
    140,448,095 

 
Consumer Services (0.7%)     
Liberty Media Holding Corp. - Interactive Class A (NON)  2,070,885  51,834,252 

 
Electronics (1.3%)     
Amphenol Corp. Class A  1,426,000  50,066,860 
Microchip Technology, Inc. (S)  1,246,300  50,275,742 
    100,342,602 

 
Financial (1.8%)     
American Express Co.  1,417,500  85,999,725 
Moody's Corp. (S)  782,800  51,758,736 
    137,758,461 

 
Health Care Services (7.3%)     
Express Scripts, Inc. (NON) (S)  949,100  90,686,505 
Medco Health Solutions, Inc. (NON)  1,222,300  95,363,846 
UnitedHealth Group, Inc.  4,042,500  214,495,050 
WellPoint, Inc. (NON) (S)  1,955,600  154,433,732 
    554,979,133 

 
Homebuilding (0.6%)     


NVR, Inc. (NON) (S)  57,824  47,646,976 

 
Insurance (3.0%)     
American International Group, Inc.  2,161,600  151,117,456 
Berkshire Hathaway, Inc. Class B (NON)  20,675  75,008,900 
    226,126,356 

 
Investment Banking/Brokerage (8.5%)     
Bear Stearns Cos., Inc. (The)  1,091,700  169,977,690 
BlackRock, Inc. (S)  377,740  56,547,678 
E*Trade Financial Corp. (NON)  2,645,500  58,412,640 
Franklin Resources, Inc.  571,400  75,030,534 
Goldman Sachs Group, Inc. (The)  1,068,120  233,501,713 
T. Rowe Price Group, Inc. (S)  1,048,500  52,089,480 
    645,559,735 

 
Lodging/Tourism (1.7%)     
Las Vegas Sands Corp. (NON) (S)  567,600  48,353,844 
Royal Caribbean Cruises, Ltd.  920,900  38,281,813 
Wyndham Worldwide Corp. (NON)  1,198,100  41,454,260 
    128,089,917 

 
Machinery (2.4%)     
Caterpillar, Inc.  1,182,400  85,865,888 
Joy Global, Inc.  367,193  18,590,982 
Parker-Hannifin Corp.  813,500  74,955,890 
    179,412,760 

 
Media (1.0%)     
Walt Disney Co. (The) (S)  2,207,400  77,214,852 

 
Medical Technology (3.8%)     
Becton, Dickinson and Co.  932,200  73,354,818 
Medtronic, Inc. (S)  2,534,800  134,166,963 
Nobel Biocare Holding AG (Switzerland)  106,944  38,617,422 
St. Jude Medical, Inc. (NON)  1,031,000  44,116,490 
    290,255,693 

 
Oil & Gas (1.4%)     
Devon Energy Corp.  408,000  29,730,960 
EOG Resources, Inc.  535,800  39,349,152 
Valero Energy Corp. (S)  568,100  39,897,663 
    108,977,775 

 
Pharmaceuticals (3.4%)     
Johnson & Johnson  3,469,400  222,804,868 
Teva Pharmaceutical Industries, Ltd. ADR (Israel) (S)  868,900  33,287,559 
    256,092,427 

 
Publishing (2.1%)     
McGraw-Hill Cos., Inc. (The)  2,424,700  158,890,591 

 
Real Estate (1.1%)     
CB Richard Ellis Group, Inc. Class A (NON)  2,591,104  87,708,870 

 
Restaurants (2.6%)     
Starbucks Corp. (NON) (S)  2,951,700  91,561,734 
Yum! Brands, Inc.  1,765,200  109,195,272 
    200,757,006 

 
Retail (8.5%)     
Abercrombie & Fitch Co. Class A (S)  460,200  37,579,932 
Bed Bath & Beyond, Inc. (NON) (S)  1,317,600  53,679,024 
Best Buy Co., Inc.  2,252,400  105,074,460 
Home Depot, Inc. (The)  2,764,800  104,702,976 
Kohl's Corp. (NON) (S)  489,300  36,227,772 
Lowe's Cos., Inc. (S)  4,091,000  125,020,960 
Ross Stores, Inc.  1,729,800  57,342,870 
Staples, Inc.  5,338,600  132,397,280 
    652,025,274 

 
Semiconductor (1.2%)     
Applied Materials, Inc. (S)  4,758,600  91,460,292 

 
Software (8.0%)     
Adobe Systems, Inc. (NON) (S)  2,598,000  107,972,880 
Autodesk, Inc. (NON)  1,651,900  68,173,913 
Microsoft Corp.  8,885,400  266,028,876 
Oracle Corp. (NON) (S)  8,953,300  168,322,040 
    610,497,709 

 
Technology Services (5.2%)     
Automatic Data Processing, Inc.  1,728,400  77,363,184 
eBay, Inc. (NON) (S)  3,574,700  121,325,318 
Google, Inc. Class A (NON) (S)  359,692  169,551,615 
Western Union Co. (The)  1,263,911  26,605,327 


    394,845,444 

 
Telecommunications (0.1%)     
MetroPCS Communications, Inc. (NON)  188,115  5,276,626 

 
Textiles (0.3%)     
Coach, Inc. (NON) (S)  414,100  20,220,503 

 
Transportation Services (0.4%)     
Expeditors International of Washington, Inc. (S)  677,540  28,321,172 

Total common stocks (cost $6,856,551,994)    $7,557,450,127 
 
SHORT-TERM INVESTMENTS (12.9%)(a)     
 
  Principal amount  Value 

Countrywide Financial Corp. for an effective yield of     
5.33%, May 1, 2007  $81,000,000  $80,988,007 
Interest in $610,000,000 tri-party repurchase     
agreement dated April 30, 2007 with Bank of America     
Securities, LLC due May 1, 2007 with respect to     
various U.S. Government obligations -- maturity value     
of $54,007,845 for an effective yield of 5.23%     
(collateralized by Fannie Mae securities with a coupon     
rate of 5.00% due July 1, 2035, valued at $619,615,116)  54,000,000  54,000,000 
Short-term investments held as collateral for loaned     
securities with yields ranging from 5.23% to 5.46% and     
due dates ranging from May 1, 2007 to June 22, 2007 (d)  853,178,187  851,823,651 

 
Total short-term investments (cost $986,811,658)    $986,811,658 
 
TOTAL INVESTMENTS     

Total investments (cost $7,843,363,652) (b)    $8,544,261,785 


FUTURES CONTRACTS OUTSTANDING at 4/30/07 (Unaudited)

  Number of    Expiration  Unrealized 
  contracts  Value  date  appreciation 

NASDAQ 100 Index E-Mini (Long)  407  $15,297,095  Jun-07  $56,018 
S&P 500 Index (Long)  161  59,908,100    Jun-07  18,541 

Total        $74,559 


NOTES

(a) Percentages indicated are based on net assets of $7,628,050,392.

(b) The aggregate identified cost on a tax basis is $7,851,873,953, resulting in gross unrealized appreciation and depreciation of $841,791,672 and $149,403,840, respectively, or net unrealized appreciation of $692,387,832.

(NON) Non-income-producing security.

(SEG) A portion of these securities were pledged and segregated with the custodian to cover margin requirements for futures contracts at April 30, 2007.

(d) The fund may lend securities, through its agents, to qualified borrowers in order to earn additional income. The loans are collateralized by cash and/or securities in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agents; the fund will bear the risk of loss with respect to the investment of the cash collateral. At April 30, 2007, the value of securities loaned amounted to $855,480,192. The fund received cash collateral of $851,823,651 which is pooled with collateral of other Putnam funds into 35 issues of high-grade, short-term investments. The fund also received high quality, highly rated securities of $25,615,500 in non-cash collateral.

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. Investments in Putnam Prime Money Market Fund are valued at its closing net asset value each business day. Management fees paid by the fund are reduced by an amount equal to the management 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 $1,098,685 for the period ended April 30, 2007. During the period ended April 30, 2007, cost of purchases and proceeds of sales of investments in Putnam Prime Money Market Fund aggregated $677,974,859 and $677,974,859, respectively.

(S) Securities on loan, in part or in entirety, at April 30, 2007.

At April 30, 2007, liquid assets totaling $74,559 have been designated as collateral for open futures contracts.

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

Security valuation Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets. If no sales are reported -- as in the case of some securities traded over-the-counter -- a security is valued at its last reported bid price. Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign equity securities taking into account multiple factors, including movements in the U.S. securities markets. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent.

At April 30, 2007, fair value pricing was used for certain foreign securities in the portfolio.

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

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, or for other investment purposes. The fund may also write options on swaps or securities it owns or in which it may invest to increase its current returns.

The potential risk to the fund is that the change in value of futures and options contracts may not correspond to the change in value of the hedged instruments. In addition, losses may arise from changes in the value of the underlying instruments, if there is an illiquid secondary market for the contracts, or if the counterparty to the contract is unable to perform. Risks may exceed amounts recognized on the statement of assets and liabilities. When the contract is closed, the fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Realized gains and losses on purchased options are included in realized gains and losses on investment securities. If a written call option is exercised, the premium originally received is recorded as an addition to sales proceeds. If a written put option is exercised, the premium originally received is recorde d as a reduction to the cost of investments.

Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade. The fund and the broker agree to exchange an amount of cash equal to the daily fluctuation in the value of the futures contract. Such receipts or payments are known as “variation margin.” Exchange traded options are valued at the last sale price or, if no sales are reported, the last bid price for purchased options and the last ask price for written options. Options traded over-the-counter are valued using prices supplied by dealers. Futures and written option contracts outstanding at period end, if any, are listed after the fund’s portfolio.

For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com


Item 2. Controls and Procedures:

(a) The registrant's principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms.

(b) Changes in internal control over financial reporting: Not applicable

Item 3. Exhibits:

Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Putnam Voyager Fund

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: June 29, 2007

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: June 29, 2007

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: June 29, 2007


EX-99.CERT 2 b_cert.htm EX-99.CERT b_cert.htm

Certifications

I, Charles E. Porter, the Principal Executive Officer of the funds listed on Attachment A, certify that:

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

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

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

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

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

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

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

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

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

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

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

/s/ Charles E. Porter
_____________________________
Date: June 28, 2007
Charles E. Porter
Principal Executive Officer


Certifications

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

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

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

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

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

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

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

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

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

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

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

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

/s/ Steven D. Krichmar
_______________________________
Date: June 28, 2007
Steven D. Krichmar
Principal Financial Officer


Attachment A
NQ
Period (s) ended April 30, 2007

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 


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