N-Q 1 pny1.txt PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST Item 1. Schedule of Investments: -------------------------------- Putnam New York Investment Grade Municipal Trust QUARTERLY PORTFOLIO HOLDINGS 7-31-04 [LOGO OMITTED: scales]
Putnam New York Investment Grade Municipal Trust ----------------------------------------------------------------------------------------------------------- The fund's portfolio July 31, 2004 (Unaudited) KEY TO ABBREVIATIONS AMBAC -- AMBAC Indemnity Corporation FGIC -- Financial Guaranty Insurance Company FHA Insd. -- Federal Housing Administration Insured FSA -- Financial Security Assurance G.O. Bonds -- General Obligation Bonds IFB -- Inverse Floating Rate Bonds MBIA -- MBIA Insurance Company U.S. Govt. Coll. -- U.S. Government Collateralized Municipal bonds and notes (100.0%) (a) ----------------------------------------------------------------------------------------------------------- Principal amount Rating (RAT) Value ----------------------------------------------------------------------------------------------------------- New York (96.6%) ----------------------------------------------------------------------------------------------------------- $250,000 Albany, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Charitable Leadership), Ser. A , 6s, 7/1/19 Baa3 $264,688 500,000 Chemung Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Arnot Ogden Med. Ctr.), 5s, 11/1/34 A3 476,875 700,000 Dutchess Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Bard College), 5 3/4s, 8/1/30 A3 729,750 250,000 Essex Cnty., Indl. Dev. Agcy. Rev. Bonds (Intl. Paper Co.), Ser. A, 5 1/2s, 10/1/26 Baa2 241,563 500,000 Geneva, Indl. Dev. Agcy. Rev. Bonds (Hobart & William Smith Project), Ser. A, 5 3/8s, 2/1/33 A 505,000 395,000 Hempstead, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Hofstra U.), 5 1/4s, 7/1/16 A 415,244 Long Island, Pwr. Auth. NY Elec. Syst. Rev. Bonds, Ser. A 750,000 5 1/4s, 12/1/26 A- 752,813 2,000,000 5s, 9/1/29 Aaa 1,994,997 1,000,000 Madison Cnty., Indl. Dev. Agcy. Rev. Bonds (Colgate U.), Ser. A, 5s, 7/1/23 Aa3 1,020,000 1,000,000 Metro. Trans. Auth. Rev. Bonds, Ser. A, FSA, 5s, 11/15/30 Aaa 1,001,250 Metro. Trans. Auth. Svc. Contract Rev. Bonds 500,000 (Trans. Fac.), Ser. O, U.S. Govt. Coll., 5 3/4s, 7/1/13 AAA 561,875 1,000,000 Ser. A , MBIA, 5 1/2s, 1/1/20 Aaa 1,093,750 650,000 Niagara Cnty., Indl. Dev. Agcy. Rev. Bonds, Ser. C, 5 5/8s, 11/15/24 Baa1 679,250 NY City, G.O. Bonds 185,000 Ser. I, U.S. Govt. Coll., 6 1/4s, 4/15/17 Aaa 206,506 65,000 Ser. D, U.S. Govt. Coll., 6s, 2/15/25 Aaa 67,319 1,000,000 Ser. B, 5 3/4s, 8/1/16 A2 1,096,250 700,000 Ser. B, 5 1/2s, 12/1/31 (Prerefunded) A2 791,875 300,000 Ser. B, 5 1/2s, 12/1/31 A2 310,125 200,000 NY City, IFB, AMBAC, 10.52s, 9/1/11 Aaa 208,224 300,000 NY City, Hlth. & Hosp. Corp. Rev. Bonds (Hlth. Syst.), Ser. A , 5 3/8s, 2/15/26 A3 302,625 750,000 NY City, Indl. Dev. Agcy. Rev. Bonds (Brooklyn Navy Yard Cogen. Partners), 5.65s, 10/1/28 BBB- 677,813 NY City, Indl. Dev. Agcy. Civic Fac. Rev. Bonds 600,000 (Staten Island U. Hosp.), Ser. A, 6 3/8s, 7/1/31 Ba3 556,500 250,000 (Brooklyn Polytech. U. Project J), 6 1/8s, 11/1/30 BB+ 224,063 700,000 NY City, Indl. Dev. Agcy. Special Arpt. Fac. Rev. Bonds (Airis JFK I LLC), Ser. A, 5 1/2s, 7/1/28 Baa3 674,625 NY City, Indl. Dev. Agcy. Special Fac. Rev. Bonds 1,000,000 (Terminal One Group Assn.), 6s, 1/1/15 A3 1,024,950 300,000 (American Airlines, Inc.), 5.4s, 7/1/20 Caa2 179,250 300,000 (British Airways), 5 1/4s, 12/1/32 BB+ 212,250 500,000 NY City, Muni. Wtr. & Swr. Fin. Auth. Rev. Bonds, Ser. G, FSA, 5s, 6/15/34 Aaa 500,000 300,000 NY Cntys., Tobacco Trust III Rev. Bonds, 6s, 6/1/43 BBB 266,250 1,000,000 NY Cntys., Trust II Rev. Bonds (Tobacco Settlement), 5 3/4s, 6/1/43 BBB 846,250 NY State Dorm. Auth. Rev. Bonds 1,000,000 (State U. Edl. Fac.), Ser. A, 7 1/2s, 5/15/13 AA- 1,255,000 250,000 (Mount Sinai Hlth.), Ser. A, 6 1/2s, 7/1/25 Ba1 251,875 1,930,000 (Mental Hlth. Svcs.), Ser. A, 5 3/4s, 2/15/27 (Prerefunded) AA- 2,137,475 70,000 (Mental Hlth. Svcs.), Ser. A, 5 3/4s, 2/15/27 AA- 72,713 700,000 (Winthrop-U. Hosp. Assn.), Ser. A, 5 1/2s, 7/1/32 Baa1 705,250 870,000 (Dept. of Hlth.), 5 1/2s, 7/1/25 (Prerefunded) AA- 947,213 630,000 (Dept. of Hlth.), 5 1/2s, 7/1/25 AA- 650,475 600,000 (North Shore Long Island Jewish Group), 5 3/8s, 5/1/23 A3 607,500 1,190,000 (City U. Syst. Construction), Ser. 1, 5 1/4s, 7/1/17 AA- 1,246,525 300,000 (NY Methodist Hosp.), 5 1/4s, 7/1/17 A3 313,500 1,000,000 (School Dist. Fin. Project), Ser. A, MBIA, 5 1/4s, 4/1/11 Aaa 1,106,250 250,000 (Lenox Hill Hosp. Oblig. Group), 5 1/4s, 7/1/08 A3 269,063 1,500,000 (NY U.), Ser. 2, AMBAC, 5s, 7/1/41 Aaa 1,486,871 1,000,000 (Dept. of Hlth.), Ser. 2, FGIC, 5s, 7/1/22 Aaa 1,032,500 1,000,000 (NY U.), Ser. B, MBIA, 5s, 7/1/11 Aaa 1,098,750 500,000 NY State Energy Res. & Dev. Auth. Fac. Rev. Bonds, 4.7s, 6/1/36 A1 501,250 250,000 NY State Env. Fac. Corp. Rev. Bonds, 5s, 6/15/32 Aaa 250,938 155,000 NY State Env. Fac. Corp. Poll. Control Rev. Bonds (State Wtr. Revolving Fund), Ser. A, 7 1/2s, 6/15/12 Aaa 155,822 1,000,000 NY State Local Govt. Assistance Corp. Rev. Bonds (Sub. Lien), Ser. A, FSA, 5s, 4/1/13 AAA 1,088,750 1,315,000 NY State Med. Care Fac. Fin. Agcy. Rev. Bonds (Hosp. & Nursing Home Insd. Mtge.), Ser. C, FHA Insd., 6 3/8s, 8/15/29 AAA 1,317,104 750,000 NY State Pwr. Auth. Rev. Bonds, 5s, 11/15/20 Aa2 779,063 NY State Thruway Auth. Rev. Bonds, Ser. A, MBIA 1,000,000 5 1/4s, 4/1/13 Aaa 1,110,000 1,000,000 5 1/4s, 4/1/12 Aaa 1,110,000 1,000,000 NY State Urban Dev. Corp. Rev. Bonds (Personal Income Tax), Ser. C-1, 5s, 3/15/33 AA 977,500 250,000 Onondaga Cnty., Indl. Dev. Agcy. Rev. Bonds (Bristol-Meyers Squibb Co.), 5 3/4s, 3/1/24 A+ 266,563 1,000,000 Port Auth. NY & NJ Cons. Rev. Bonds, Ser. 124, 5s, 8/1/31 AA- 955,000 1,000,000 Port Auth. NY & NJ Special Obligation IFB, Ser. N18, MBIA, 14.88s, 12/1/17 (acquired 7/19/00, cost $1,046,890) (RES) Aaa 1,241,250 500,000 Suffolk Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Huntington Hosp.), Ser. B, 5 7/8s, 11/1/32 Baa1 508,750 1,000,000 Tobacco Settlement Fin. Auth. Rev. Bonds, Ser. A-1, 5 1/2s, 6/1/18 AA- 1,068,750 Triborough Bridge & Tunnel Auth. Rev. Bonds 1,000,000 Ser. A, 5s, 1/1/32 Aa3 990,000 1,000,000 AMBAC, 5s, 11/15/12 Aaa 1,096,250 250,000 Yonkers, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (St. John's Riverside Hosp.), Ser. A, 7 1/8s, 7/1/31 BB 253,125 ------------- 44,733,005 Puerto Rico (3.4%) ----------------------------------------------------------------------------------------------------------- 750,000 Children's Trust Fund Tobacco Settlement Rev. Bonds, 5 1/2s, 5/15/39 BBB 630,938 700,000 PR Elec. Pwr. Auth. Rev. Bonds, Ser. II, 5 1/4s, 7/1/31 A- 705,250 250,000 PR Indl. Tourist Edl. Med. & Env. Control Fac. Rev. Bonds (Cogen. Fac.-AES), 6 5/8s, 6/1/26 Baa3 259,688 ------------- 1,595,876 ----------------------------------------------------------------------------------------------------------- Total Investments (cost $45,275,224) (b) $46,328,881 -----------------------------------------------------------------------------------------------------------
NOTES (a) Percentages indicated are based on portfolio market value. (b) The aggregate identified cost on a tax basis is $45,285,651, resulting in gross unrealized appreciation and depreciation of $1,737,575 and $694,345, respectively, or net unrealized appreciation of $1,043,230. (RAT) The Moody's or Standard & Poor's ratings indicated are believed to be the most recent ratings available at July 31, 2004 for the securities listed. Ratings are generally ascribed to securities at the time of issuance. While the agencies may from time to time revise such ratings, they undertake no obligation to do so, and the ratings do not necessarily represent what the agencies would ascribe to these securities at July 31, 2004. Securities rated by Putnam are indicated by "/P". (RES) Restricted, excluding 144A securities, as to public resale. The total market value of restricted securities held at July 31, 2004 was $1,241,250 or 2.7% of portfolio market value. The rates shown on IFB's, which are securities paying interest rates that vary inversely to changes in the market interest rates, are the current interest rates at July 31, 2004. The fund had the following industry group concentrations greater than 10% at July 31, 2004 (as a percentage of portfolio market value): Transportation 20.7% Health care 19.2 Utilities 12.2 The fund had the following insurance concentration greater than 10% at July 31, 2004 (as a percentage of portfolio market value): MBIA 14.6% Security valuation Tax-exempt bonds and notes are valued at fair value on the basis of valuations provided by an independent pricing service, approved by the Trustees. Such services use information with respect to transactions in bonds, quotations from bond dealers, market transactions in comparable securities and various relationships between securities in determining 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. For additional information regarding the fund please see the fund's most recent annual or semi-annual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov., or visit Putnam Individual Investor Website 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: September 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: September 28, 2004 By (Signature and Title): /s/ Steven D. Krichmar --------------------------- Steven D. Krichmar Principal Financial Officer Date: September 28, 2004