N-Q 1 nyig1.htm PUTNAM NEW YORK INVESTMENT GRADE MUNICIPAL TRUST <SUBMISSION>

Item 1. Schedule of Investments:

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Putnam New York Investment Grade Municipal Trust

 

 

 

 

The fund's portfolio

     

7/31/05 (Unaudited)

     
    

-

  
       

KEY TO ABBREVIATIONS

     

AMBAC

AMBAC Indemnity Corporation

     

FGIC

Financial Guaranty Insurance Company

     

FRB

Floating Rate Bonds

     

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 (123.8%)(a)

 

 

 

 

 

 

 

 

Rating (RAT)

 

Principal amount

Value

       
 

New York (121.1%)

     
       
 

Albany Cnty., Indl. Dev. Agcy. Rev. Bonds (Albany College of Pharmacy), Ser. A, 5 3/8s, 12/1/24

 

BBB-

 

 $300,000

 $315,129

 

Albany, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Charitable Leadership), Ser. A , 6s, 7/1/19

 

Baa3

 

250,000

 270,638

 

Chemung Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Arnot Ogden Med. Ctr.), 5s, 11/1/34

 

A3

 

500,000

 508,070

 

Dutchess Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Bard College), 5 3/4s, 8/1/30

 

A3

 

700,000

 760,704

 

Essex Cnty., Indl. Dev.  Agcy. Rev. Bonds (Intl. Paper Co.), Ser. A, 5 1/2s, 10/1/26

 

Baa2

 

250,000

 256,068

 

Geneva, Indl. Dev. Agcy. Rev. Bonds (Hobart & William Smith), Ser. A, 5 3/8s, 2/1/33

 

A

 

500,000

 534,125

 

Hempstead, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Hofstra U.), 5 1/4s, 7/1/16

 

A

 

395,000

 422,381

 

Long Island, Pwr. Auth. NY Elec. Syst. Rev. Bonds, Ser. A

     
 

5 1/4s, 12/1/26

 

A3

 

750,000

 792,428

 

AMBAC, 5s, 9/1/29

 

Aaa

 

2,000,000

 2,116,560

 

Madison Cnty., Indl. Dev. Agcy. Rev. Bonds (Colgate U.), Ser. A, 5s, 7/1/23

 

Aa3

 

1,000,000

 1,060,250

 

Metro. Trans. Auth. Rev. Bonds, Ser. A, FSA, 5s, 11/15/30

 

Aaa

 

1,000,000

 1,046,490

 

Metro. Trans. Auth. Svc. Contract Rev. Bonds

     
 

(Trans. Fac.), Ser. O, U.S. Govt. Coll., 5 3/4s, 7/1/13

 

AAA

 

500,000

 558,345

 

Ser. A , MBIA, 5 1/2s, 1/1/20

 

Aaa

 

1,000,000

 1,112,720

 

Monroe Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Highland Hosp. Rochester), 5s, 8/1/25

 

Baa1

 

250,000

 256,328

 

Niagara Cnty., Indl. Dev. Agcy. Rev. Bonds, Ser. C, 5 5/8s, 11/15/24

 

Baa3

 

450,000

 484,907

 

NY City, FRB, AMBAC, 2 1/2s, 9/1/11

 

Aaa

 

200,000

 200,000

 

NY City, G.O. Bonds

     
 

Ser. I, U.S. Govt. Coll., 6 1/4s, 4/15/17

 

Aaa

 

185,000

 197,439

 

Ser. B, 5 3/4s, 8/1/16

 

A1

 

1,000,000

 1,114,240

 

Ser. B, 5 1/2s, 12/1/31

 

A1

 

300,000

 323,877

 

Ser. B, U.S. Govt. Coll., 5 1/2s, 12/1/31 (Prerefunded)

 

AAA

 

700,000

 784,721

 

Ser. M, 5s, 4/1/24

 

A1

 

500,000

 525,790

 

NY City, IFB, AMBAC, 9.32s, 9/1/11

 

Aaa

 

200,000

 206,376

 

NY City, Hlth. & Hosp. Corp. Rev. Bonds (Hlth. Syst.), Ser. A , 5 3/8s, 2/15/26

 

A2

 

300,000

 313,158

 

NY City, Indl. Dev. Agcy. Rev. Bonds (Brooklyn Navy Yard Cogen. Partners), 5.65s, 10/1/28

 

BBB-

 

750,000

 755,805

 

NY City, Indl. Dev. Agcy. Civic Fac. Rev. Bonds

     
 

(Staten Island U. Hosp.), Ser. A, 6 3/8s, 7/1/31

 

Ba3

 

350,000

 352,790

 

(Brooklyn Polytech. U. Project J), 6 1/8s, 11/1/30

 

BB+

 

250,000

 252,518

 

(St. Francis College), 5s, 10/1/34

 

A-

 

250,000

 259,285

 

NY City, Indl. Dev. Agcy. Special Arpt. Fac. Rev. Bonds (Airis JFK I LLC), Ser. A, 5 1/2s, 7/1/28

 

Baa3

 

700,000

 702,765

 

NY City, Indl. Dev. Agcy. Special Fac. Rev. Bonds

     
 

(Terminal One Group Assn.), 6s, 1/1/15

 

A3

 

1,000,000

 1,013,110

 

(British Airways PLC), 5 1/4s, 12/1/32

 

Ba2

 

100,000

 91,223

 

NY City, Muni. Wtr. & Swr. Fin. Auth. Rev. Bonds, Ser. G, FSA, 5s, 6/15/34

 

Aaa

 

500,000

 519,530

 

NY Cntys., Tobacco Trust II Rev. Bonds (Tobacco Settlement), 5 3/4s, 6/1/43

 

BBB

 

1,000,000

 1,058,850

 

NY Cntys., Tobacco Trust III Rev. Bonds (Tobacco Settlement), 6s, 6/1/43

 

BBB

 

300,000

 322,629

 

NY State Dorm. Auth. Rev. Bonds

     
 

(State U. Edl. Fac.), Ser. A, 7 1/2s, 5/15/13

 

AA-

 

875,000

 1,089,296

 

(Mount Sinai Hlth.), Ser. A, 6 1/2s, 7/1/25

 

Ba1

 

250,000

 264,743

 

(Mental Hlth.), Ser. A, 5 3/4s, 2/15/27 (Prerefunded)

 

AA-

 

45,000

 47,841

 

(Mental Hlth.), Ser. A, 5 3/4s, 2/15/27

 

AA-

 

25,000

 26,388

 

(Winthrop-U. Hosp. Assn.), Ser. A, 5 1/2s, 7/1/32

 

Baa1

 

450,000

 473,535

 

(Dept. of Hlth.), 5 1/2s, 7/1/25 (Prerefunded)

 

AA-

 

870,000

 908,576

 

(Dept. of Hlth.), 5 1/2s, 7/1/25

 

AA-

 

630,000

 657,934

 

(North Shore Long Island Jewish Group), 5 3/8s, 5/1/23

 

A3

 

600,000

 637,998

 

(NY Methodist Hosp.), 5 1/4s, 7/1/17

 

A3

 

300,000

 325,758

 

(School Dist. Fin.), Ser. A, MBIA, 5 1/4s, 4/1/11

 

Aaa

 

1,000,000

 1,096,110

 

(Lenox Hill Hosp. Oblig. Group), 5 1/4s, 7/1/08

 

Baa2

 

250,000

 259,753

 

(NY U.), Ser. 2, AMBAC, 5s, 7/1/41

 

Aaa

 

1,500,000

 1,550,280

 

(Rochester U.), Ser. A, 5s, 7/1/34

 

A1

 

500,000

 523,025

 

(NY U.), Ser. A, FGIC, 5s, 7/1/29

 

Aaa

 

1,000,000

 1,057,400

 

Ser. A, FGIC, 5s, 3/15/27

 

Aaa

 

1,000,000

 1,101,600

 

(Dept. of Hlth.), Ser. 2, FGIC, 5s, 7/1/22

 

Aaa

 

1,000,000

 1,066,580

 

NY State Dorm. Auth. Lease Rev. Bonds (State U. Dorm. Facs.), Ser. A, MBIA, 5s, 7/1/24

 

Aaa

 

1,875,000

 2,009,663

 

NY State Energy Research & Dev. Auth. Fac. Mandatory Put Bonds, 4.7s, 10/1/12

 

A1

 

500,000

 500,420

 

NY State Energy Research & Dev. Auth. Gas Fac. Rev. Bonds (Brooklyn Union Gas), 6.952s, 7/1/26

 

A+

 

400,000

 420,868

 

NY State Env. Fac. Corp. Rev. Bonds, 5s, 6/15/32

 

Aaa

 

250,000

 262,755

 

NY State Env. Fac. Corp. Poll. Control Rev. Bonds (State Wtr. Revolving Fund), Ser. A, 7 1/2s, 6/15/12

 

Aaa

 

125,000

 136,685

 

NY State Pwr. Auth. Rev. Bonds, 5s, 11/15/20

 

Aa2

 

750,000

 801,825

 

NY State Thruway Auth. Rev. Bonds, Ser. A, MBIA

     
 

5 1/4s, 4/1/13

 

Aaa

 

1,000,000

 1,111,690

 

5 1/4s, 4/1/12

 

Aaa

 

1,000,000

 1,104,380

 

NY State Urban Dev. Corp. Rev. Bonds (Personal Income Tax), Ser. C-1, 5s, 3/15/33

 

AA

 

1,000,000

 1,098,090

 

Port. Auth. NY & NJ Cons. Rev. Bonds, Ser. 124, 5s, 8/1/31

 

AA-

 

1,000,000

 1,024,590

 

Port. Auth. NY & NJ Special Obligation Rev. Bonds (JFK Intl. Air Term. - 6), MBIA, 5.9s, 12/1/17

 

Aaa

 

3,000,000

 3,220,410

 

Sales Tax Asset Receivable Corp. Rev. Bonds, Ser. A, MBIA, 5s, 10/15/25

 

Aaa

 

1,425,000

 1,521,259

 

Saratoga Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Saratoga Hosp.), Ser. A, 5s, 12/1/13

 

BBB+

 

100,000

 105,711

 

Suffolk Cnty., Indl. Dev. Agcy. Civic Fac. Rev. Bonds (Huntington Hosp.), Ser. B, 5 7/8s, 11/1/32

 

Baa1

 

500,000

 529,385

 

Tobacco Settlement Fin. Auth. Rev. Bonds, Ser. A-1, 5 1/2s, 6/1/18

 

AA-

 

1,000,000

 1,103,870

 

Triborough Bridge & Tunnel Auth. Rev. Bonds, Ser. A, 5s, 1/1/32

 

Aa2

 

1,000,000

 1,039,390

 

Westchester Cnty., Indl Dev. Agcy. Civic Fac. Rev. Bonds (Guiding Eyes for the Blind), 5 3/8s, 8/1/24

 

BBB

 

165,000

 173,753

 

Westchester, Tobacco Asset Securitization Corp. Rev. Bonds, 5 1/8s, 6/1/38

 

BBB

 

500,000

 504,385

 

Yonkers, Indl. Dev. Agcy. Civic Fac. Rev. Bonds (St. John's Riverside Hosp.), Ser. A, 7 1/8s, 7/1/31

 

BB

 

250,000

 259,830

       
      

 47,505,025

 

 

 

 

 

 

 

 

Puerto Rico (2.7%)

     
       
 

Children's Trust Fund Tobacco Settlement Rev. Bonds, 5 1/2s, 5/15/39

 

BBB

 

750,000

 782,235

 

PR Indl. Tourist Edl. Med. & Env. Control Fac. Rev. Bonds (Cogen. Fac.-AES), 6 5/8s, 6/1/26

 

Baa3

 

250,000

 271,195

       
      

 1,053,430

 

 

 

 

 

 

 

 

TOTAL INVESTMENTS

     

 

Total investments (cost $46,175,601)(b)

 

 

 

 

 $48,558,455

       
       



 

NOTES

 

(a)

Percentages indicated are based on net assets of $39,209,568.

 
   

(RAT)

The Moody's or Standard & Poor's ratings indicated are believed to be the most recent ratings available at July 31, 2005 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, 2005. Securities rated by Putnam are indicated by "/P".  Security ratings are defined in the Statement of Additional Information.

 
   

(b)

The aggregate identified cost on a tax basis is $46,175,601, resulting in gross unrealized appreciation and depreciation of $2,421,420 and $38,566, respectively, or net unrealized appreciation of $2,382,854.

 
   
 

The rates shown on Mandatory Put Bonds and Floating Rate Bonds (FRB) are the current interest rates at July 31, 2005.

 
   
   
   
 

The rates shown on IFB, which are securities paying interest rates that vary inversely to changes in the market interest rates, are the current interest rates at July 31, 2005.

 
   
 

The fund had the following industry group concentrations greater than 10% at July 31, 2005 (as a percentage of net assets):

 
   
 

Transportation

26.4%

 

Education

22.3

 

Utilities

14.4

 

Health care

14.1

   
 

The fund had the following insurance concentrations greater than 10% at July 31, 2005 (as a percentage of net assets):

 
   
 

MBIA

28.5%

 

AMBAC

10.4

   
 

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 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 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:

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(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:

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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, 2005




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, 2005




By (Signature and Title):

/s/ Steven D. Krichmar

---------------------------

Steven D. Krichmar

Principal Financial Officer

Date: September 28, 2005