-----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, Ky9WY7DcUu0UoWRU0UMAmRL9EF1HaQXLsguctrzSNvu9BVbqiXUSh4Bw8aJyflqE zt7g1AmQ5ZmA83Fz11doug== 0000928816-08-001623.txt : 20081229 0000928816-08-001623.hdr.sgml : 20081225 20081229153740 ACCESSION NUMBER: 0000928816-08-001623 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20081031 FILED AS OF DATE: 20081229 DATE AS OF CHANGE: 20081229 EFFECTIVENESS DATE: 20081229 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: 081272646 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_voyagerfnd.htm PUTNAM VOYAGER FUND a_007_NQ.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, 2008     
 
Date of reporting period: October 31, 2008     
 
 
 
Item 1. Schedule of Investments:     


Putnam Voyager Fund
The fund's portfolio
10/31/08 (Unaudited)

COMMON STOCKS (98.5%)(a)     
  Shares  Value 

 
Advertising and marketing services (0.8%)     
Omnicom Group, Inc. (S)  867,900  $25,637,766 

 
Aerospace and defense (4.4%)     
Boeing Co. (The)  1,257,500  65,729,525 
L-3 Communications Holdings, Inc.  249,000  20,211,330 
United Technologies Corp.  970,000  53,311,200 
    139,252,055 

 
Banking (0.3%)     
Northern Trust Corp. (S)  147,400  8,300,094 

 
Beverage (4.2%)     
Coca-Cola Co. (The)  1,067,000  47,012,020 
Pepsi Bottling Group, Inc. (The)  749,000  17,316,880 
PepsiCo, Inc.  1,207,200  68,822,472 
    133,151,372 

 
Biotechnology (3.0%)     
Amgen, Inc. (NON)  545,700  32,681,973 
Applied Biosystems, Inc.  116,300  3,585,529 
Genentech, Inc. (NON)  236,500  19,615,310 
Genzyme Corp. (NON)  507,200  36,964,736 
Invitrogen Corp. (NON)  126,500  3,641,935 
    96,489,483 

 
Cable television (0.9%)     
DirecTV Group, Inc. (The) (NON) (S)  1,379,600  30,199,444 

 
Chemicals (2.8%)     
Celanese Corp. Ser. A  258,700  3,585,582 
CF Industries Holdings, Inc.  88,400  5,674,396 
Monsanto Co.  596,800  53,103,264 
Mosaic Co. (The)  165,700  6,530,237 
Potash Corp. of Saskatchewan (Canada)  178,200  15,193,332 
Terra Industries, Inc. (S)  209,800  4,613,502 
    88,700,313 

 
Commercial and consumer services (0.5%)     
Equifax, Inc.  269,300  7,023,344 
Priceline.com, Inc. (NON)  151,700  7,983,971 
    15,007,315 

 
Communications equipment (3.4%)     
Cisco Systems, Inc. (NON) (S)  5,673,000  100,809,210 
Corning, Inc.  593,200  6,424,356 
    107,233,566 

 
Computers (10.6%)     
Apple Computer, Inc. (NON) (SEG)  897,900  96,605,061 
EMC Corp. (NON)  3,434,200  40,454,876 
Hewlett-Packard Co.  2,242,200  85,831,416 
IBM Corp.  1,154,600  107,343,162 
NetApp, Inc. (NON)  507,400  6,865,122 
    337,099,637 

 
Conglomerates (0.7%)     
Honeywell International, Inc.  450,900  13,729,905 
Tyco International, Ltd. (Bermuda)  371,600  9,394,048 
    23,123,953 

 
Consumer finance (0.3%)     
Mastercard, Inc. Class A  58,300  8,617,906 

 
Consumer goods (3.9%)     
Clorox Co.  273,900  16,655,859 
Colgate-Palmolive Co.  292,300  18,344,748 
Procter & Gamble Co. (The)  1,397,500  90,194,650 
    125,195,257 

 
Consumer services (0.1%)     
Netflix, Inc. (NON)  134,500  3,330,220 

 
Containers (0.2%)     
Owens-Illinois, Inc. (NON)  295,400  6,758,752 

 
Electric utilities (0.8%)     
Edison International  154,000  5,480,860 


FirstEnergy Corp.  136,400  7,114,624 
Public Service Enterprise Group, Inc.  501,800  14,125,670 
    26,721,154 

 
Electrical equipment (0.3%)     
Emerson Electric Co.  278,000  9,098,940 

 
Electronics (4.3%)     
Intel Corp.  5,062,000  80,992,000 
MEMC Electronic Materials, Inc. (NON)  310,900  5,714,342 
National Semiconductor Corp. (S)  687,700  9,057,009 
Texas Instruments, Inc.  1,956,300  38,265,228 
Watts Water Technologies, Inc. Class A (S)  169,100  4,469,313 
    138,497,892 

 
Energy (oil field) (3.2%)     
Dresser-Rand Group, Inc. (NON)  562,700  12,604,480 
ENSCO International, Inc.  259,000  9,844,590 
FMC Technologies, Inc. (NON) (S)  302,300  10,577,477 
National-Oilwell Varco, Inc. (NON) (S)  550,703  16,460,513 
Noble Corp. (S)  170,900  5,504,689 
Pride International, Inc. (NON)  428,800  8,057,152 
Schlumberger, Ltd.  264,100  13,640,765 
Tidewater, Inc. (S)  258,600  11,277,546 
Transocean, Inc. (NON) (S)  174,900  14,399,517 
    102,366,729 

 
Energy (other) (0.4%)     
First Solar, Inc. (NON) (S)  80,700  11,596,590 

 
Financial (0.1%)     
Nasdaq OMX Group, Inc. (The) (NON)  121,700  3,950,382 

 
Food (0.4%)     
Bunge, Ltd. (S)  131,100  5,035,551 
Corn Products International, Inc.  114,200  2,777,344 
Dean Foods Co. (NON)  272,600  5,959,036 
    13,771,931 

 
Gaming and lottery (0.1%)     
International Game Technology  263,800  3,693,200 

 
Health-care services (2.4%)     
Aetna, Inc.  358,600  8,918,382 
Express Scripts, Inc. (NON) (S)  611,500  37,063,015 
Humana, Inc. (NON)  167,800  4,965,202 
Medco Health Solutions, Inc. (NON) (S)  484,800  18,398,160 
WellPoint, Inc. (NON)  187,900  7,303,673 
    76,648,432 

 
Insurance (0.4%)     
AFLAC, Inc.  317,800  14,072,184 

 
Investment banking/Brokerage (1.5%)     
Goldman Sachs Group, Inc. (The)  187,100  17,306,750 
Invesco, Ltd.  249,200  3,715,572 
State Street Corp.  466,400  20,218,440 
T. Rowe Price Group, Inc.  198,200  7,836,828 
    49,077,590 

 
Machinery (2.3%)     
AGCO Corp. (NON) (S)  408,200  12,866,464 
Caterpillar, Inc.  384,800  14,687,816 
Cummins, Inc.  331,700  8,574,445 
Deere (John) & Co.  537,700  20,733,712 
Joy Global, Inc.  410,300  11,890,494 
Parker-Hannifin Corp.  108,600  4,210,422 
    72,963,353 

 
Manufacturing (0.2%)     
Flowserve Corp.  92,000  5,236,640 

 
Media (0.3%)     
Time Warner, Inc.  951,100  9,596,599 

 
Medical technology (5.9%)     
Baxter International, Inc. (S)  339,600  20,542,404 
Becton, Dickinson and Co.  675,800  46,900,520 
Intuitive Surgical, Inc. (NON) (S)  45,300  7,827,387 
Medtronic, Inc.  1,336,300  53,892,979 
Mettler-Toledo International, Inc. (NON)  168,400  12,889,336 
St. Jude Medical, Inc. (NON)  707,400  26,902,422 
Varian Medical Systems, Inc. (NON)  204,300  9,297,693 
Waters Corp. (NON)  71,700  3,140,460 
Zimmer Holdings, Inc. (NON)  148,300  6,885,569 
    188,278,770 


Metals (0.7%)     
Freeport-McMoRan Copper & Gold, Inc. Class B  224,000  6,518,400 
Nucor Corp.  133,600  5,412,136 
Southern Copper Corp.  402,600  5,861,856 
United States Steel Corp.  84,100  3,101,608 
    20,894,000 

 
Office equipment and supplies (0.2%)     
Pitney Bowes, Inc.  276,900  6,861,582 

 
Oil and gas (7.5%)     
Chevron Corp.  497,100  37,083,660 
ConocoPhillips  319,000  16,594,380 
Devon Energy Corp.  248,900  20,126,054 
Exxon Mobil Corp.  1,030,900  76,410,308 
Hess Corp.  316,500  19,056,465 
Marathon Oil Corp.  306,200  8,910,420 
Occidental Petroleum Corp.  632,600  35,134,604 
Sunoco, Inc. (S)  353,300  10,775,650 
Valero Energy Corp.  789,900  16,256,142 
    240,347,683 

 
Pharmaceuticals (5.0%)     
Bristol-Myers Squibb Co.  793,700  16,310,535 
Cephalon, Inc. (NON) (S)  161,200  11,561,264 
Eli Lilly & Co.  426,800  14,434,376 
Forest Laboratories, Inc. (NON)  257,200  5,974,756 
Johnson & Johnson  757,200  46,446,648 
Merck & Co., Inc.  863,800  26,734,610 
Mylan Laboratories, Inc. (NON) (S)  767,700  6,579,189 
Schering-Plough Corp. (S)  1,205,200  17,463,348 
Wyeth  443,700  14,278,266 
    159,782,992 

 
Power producers (0.6%)     
AES Corp. (The) (NON) (S)  1,478,600  11,784,442 
NRG Energy, Inc. (NON) (S)  293,800  6,830,850 
    18,615,292 

 
Railroads (0.7%)     
CSX Corp.  158,000  7,223,760 
Norfolk Southern Corp.  242,500  14,535,450 
    21,759,210 

 
Real estate (0.2%)     
Jones Lang LaSalle, Inc.  155,002  5,102,666 

 
Regional Bells (0.6%)     
AT&T, Inc.  354,800  9,497,996 
Verizon Communications, Inc.  331,100  9,823,737 
    19,321,733 

 
Restaurants (1.2%)     
Brinker International, Inc.  127,200  1,182,960 
McDonald's Corp.  177,400  10,276,782 
Yum! Brands, Inc.  966,200  28,029,462 
    39,489,204 

 
Retail (7.0%)     
Abercrombie & Fitch Co. Class A  151,600  4,390,336 
Amazon.com, Inc. (NON) (S)  162,700  9,312,948 
Best Buy Co., Inc. (S)  242,900  6,512,149 
Big Lots, Inc. (NON) (S)  314,900  7,693,007 
BJ's Wholesale Club, Inc. (NON) (S)  245,700  8,648,640 
Costco Wholesale Corp.  228,600  13,032,486 
CVS Caremark Corp.  881,200  27,008,780 
Dollar Tree, Inc. (NON)  242,963  9,237,453 
GameStop Corp. (NON) (S)  326,200  8,934,618 
Kroger Co. (S)  843,200  23,154,272 
Ross Stores, Inc. (S)  117,600  3,844,344 
Safeway, Inc.  674,300  14,342,361 
TJX Cos., Inc. (The)  614,100  16,433,316 
Urban Outfitters, Inc. (NON)  424,400  9,226,456 
Wal-Mart Stores, Inc. (S)  1,113,400  62,138,854 
    223,910,020 

 
Shipping (0.4%)     
Kirby Corp. (NON) (S)  183,500  6,297,720 
Ryder System, Inc.  145,200  5,752,824 
    12,050,544 

 
Software (8.7%)     
Activision Blizzard, Inc. (NON)  1,145,800  14,276,668 
Adobe Systems, Inc. (NON) (S)  1,446,300  38,529,432 
Autodesk, Inc. (NON)  149,900  3,194,369 
McAfee, Inc. (NON)  168,500  5,484,675 


Microsoft Corp.  7,116,100  158,902,513 
Oracle Corp. (NON)  1,907,800  34,893,662 
Symantec Corp. (NON)  1,228,600  15,455,788 
VMware, Inc. Class A (NON)  210,000  6,510,000 
    277,247,107 

 
Technology services (4.3%)     
Accenture, Ltd. Class A (Bermuda)  993,000  32,818,650 
Baidu.com ADR (China) (NON)  26,800  5,520,800 
eBay, Inc. (NON)  812,300  12,403,821 
Google, Inc. Class A (NON) (S)  168,334  60,492,506 
Salesforce.com, Inc. (NON) (S)  257,600  7,975,296 
Sohu.com, Inc. (China) (NON)  122,000  6,702,680 
Western Union Co. (The)  343,400  5,240,284 
Yahoo!, Inc. (NON)  465,900  5,972,838 
    137,126,875 

 
Telecommunications (0.3%)     
American Tower Corp. Class A (NON)  278,700  9,004,797 

 
Textiles (0.8%)     
Coach, Inc. (NON)  924,400  19,042,640 
NIKE, Inc. Class B  135,500  7,808,865 
    26,851,505 

 
Tobacco (1.2%)     
Altria Group, Inc.  482,700  9,263,013 
Philip Morris International, Inc.  664,300  28,877,121 
    38,140,134 

 
Toys (0.3%)     
Hasbro, Inc.  367,200  10,674,504 

 
Water Utilities (0.1%)     
Veolia Environnement ADR (France) (S)  73,600  1,836,320 

Total common stocks (cost $4,220,664,057)    $3,142,683,687 
  
 
INVESTMENT COMPANIES (0.1%)(a) (cost $5,337,361)     
  Shares  Value 

 
iShares FTSE/Xinhua China 25 Index Fund  104,739  $2,635,233 
 
 
SHORT-TERM INVESTMENTS (7.3%)(a)     
  Principal   
  amount/shares    Value 

 
Short-term investments held as collateral for loaned     
securities with yields ranging from 0.13% to 2.68% and     
due dates ranging from November 3, 2008 to     
November 10, 2008 (d)  $192,483,483  $192,438,470 
Federated Prime Obligations Fund  39,425,392  39,425,392 

Total short-term investments (cost $231,863,862)    $231,863,862 
 
 
TOTAL INVESTMENTS     

Total investments (cost $4,457,865,280) (b)    $3,377,182,782 


FUTURES CONTRACTS OUTSTANDING at 10/31/08 (Unaudited)

  Number of    Expiration  Unrealized 
  contracts  Value  date  depreciation 

NASDAQ 100 Index E-Mini (Long)  330  $8,824,200  Dec-08  $(1,505,218) 
S&P 500 Index (Long)  146  35,306,450  Dec-08  (5,509,520) 

Total        $(7,014,738) 


NOTES

(a) Percentages indicated are based on net assets of $3,190,305,141.

(b) The aggregate identified cost on a tax basis is $4,457,922,152, resulting in gross unrealized appreciation and depreciation of $91,799,952 and $1,172,539,322, respectively, or net unrealized depreciation of $1,080,739,370.

(NON) Non-income-producing security.

(SEG) A portion of this security was pledged and segregated with the custodian to cover margin requirements for futures contracts at October 31, 2008.

(d) The fund may lend securities, through its agents, to qualified borrowers in order to earn additional income. The loans are collateralized by cash and/or securities in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agents; the fund will bear the risk of loss with respect to the investment of the cash collateral. At October 31, 2008, the value of securities loaned amounted to $186,380,163. The fund received cash collateral of $192,438,470 which is pooled with collateral of other Putnam funds into 15 issues of short-term investments.

(S) Securities on loan, in part or in entirety, at October 31, 2008.

At October 31, 2008, liquid assets totaling $44,130,650 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 fai r 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. Certain investments, including certain restricted securities and derivatives, are also valued at fair value following procedures approved by the Trustees. Such valuations and procedures are reviewed periodically by the Trustees.

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.

Futures and options contracts The fund may use futures and options contracts to hedge against changes in the values of securities the fund owns or expects to purchase, or for other investment purposes. The fund may also write options on swaps or securities it owns or in which it may invest to increase its current returns.

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

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

The fund invested in Putnam Prime Money Market Fund, an open-end management investment company managed by Putnam Investment Management, LLC ("Putnam Management"), the fund's manager, a wholly-owned subsidiary of Putnam, LLC. Investments in Putnam Prime Money Market Fund were valued at its closing net asset value each business day. Management fees paid by the fund were 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 $630,622 for the period ended October 31, 2008. During the period ended October 31, 2008, cost of purchases and proceeds of sales of investments in Putnam Prime Money Market Fund aggregated $92,394,233 and $287,501,451, respectively.

On September 17, 2008, the Trustees of the Putnam Prime Money Market Fund voted to close that fund effective September 17, 2008. On September 24, 2008, the fund received shares of Federated Prime Obligations Fund, an unaffiliated management investment company registered under the Investment Company Act of 1940, in liquidation of its shares of Putnam Prime Money Market Fund.

In September 2006, the FASB issued Statement of Financial Accounting Standards No. 157, Fair Value Measurements (SFAS 157). SFAS 157 is effective for financial statements issued for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. While the adoption of SFAS 157 does not have a material effect on the fund’s net asset value, it does require additional disclosures about fair value measurements. The Standard 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 October 31, 2008:

Valuation Inputs  Investments in Securities  Other Financial Instruments* 

Level 1  $ 3,184,744,312  $ (7,014,738) 

Level 2  192,438,470  -- 

Level 3  --  -- 

Total  $ 3,377,182,782  $ (7,014,738) 


* Other financial instruments include futures, written options, TBA sale commitments, swaps and forward contracts which are valued at the unrealized appreciation/(depreciation) on the instrument.

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: December 29, 2008

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

By (Signature and Title):

/s/ Charles E. Porter
Charles E. Porter
Principal Executive Officer
Date: December 29, 2008

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: December 29, 2008


EX-99.CERT 2 b_cert.htm EX-99.CERT b_007cert.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: December 29, 2008
Charles E. Porter
Principal Executive Officer


Certifications

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

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

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

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

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

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

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

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

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

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

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

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

/s/ Steven D. Krichmar
_______________________________
Date: December 29, 2008
Steven D. Krichmar
Principal Financial Officer


  Attachment A   
  NQ   
  Period (s) ended October 31, 2008   
 
035  Putnam AMT- Free 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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