| 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: | (811-02280) |
| Exact name of registrant as specified in charter: | Putnam Convertible Securities Fund |
| Address of principal executive offices: | One Post Office Square, Boston, Massachusetts 02109 |
| Name and address of agent for service: | Robert T. Burns, Vice President One Post Office Square Boston, Massachusetts 02109 |
| Copy to: | John W. Gerstmayr, Esq. Ropes & Gray LLP 800 Boylston Street Boston, Massachusetts 02199-3600 |
| Registrant’s telephone number, including area code: | (617) 292-1000 |
| Date of fiscal year end: | October 31, 2012 |
| Date of reporting period: | January 31, 2012 |
Item 1. Schedule of Investments: |
| Putnam Convertible Securities Fund | ||||||
| The fund's portfolio | ||||||
| 1/31/12 (Unaudited) | ||||||
| CONVERTIBLE BONDS AND NOTES (69.0%)(a) | ||||||
| Principal amount | Value | |||||
| Advertising and marketing services (0.6%) | ||||||
| Digital River, Inc. cv. sr. unsec. notes 2s, 2030 | $4,720,000 | $4,194,900 | ||||
| 4,194,900 | ||||||
| Aerospace and defense (1.1%) | ||||||
| AAR Corp. 144A cv. sr. unsec. notes 2 1/4s, 2016 | 4,490,000 | 4,085,900 | ||||
| Triumph Group, Inc. 144A cv. sr. sub. notes 2 5/8s, 2026 | 1,305,000 | 2,991,713 | ||||
| 7,077,613 | ||||||
| Airlines (0.9%) | ||||||
| Continental Airlines, Inc. cv. sr. unsec. unsub. notes 4 1/2s, 2015 | 4,080,000 | 5,742,600 | ||||
| 5,742,600 | ||||||
| Automotive (1.7%) | ||||||
| Ford Motor Co. cv. sr. unsec. notes 4 1/4s, 2016 | 4,195,000 | 6,666,694 | ||||
| TRW Automotive, Inc. cv. company guaranty sr. unsec. notes 3 1/2s, 2015 | 3,300,000 | 4,895,220 | ||||
| 11,561,914 | ||||||
| Biotechnology (5.9%) | ||||||
| Amylin Pharmaceuticals, Inc. cv. sr. unsec. notes 3s, 2014 | 3,235,000 | 3,065,163 | ||||
| BioMarin Pharmaceuticals, Inc. cv. sr. sub. notes 1 7/8s, 2017 | 2,250,000 | 4,156,875 | ||||
| Cubist Pharmaceuticals, Inc. cv. sr. unsec. notes 2 1/2s, 2017 | 3,855,000 | 5,902,969 | ||||
| Dendreon Corp. cv. sr. unsec. notes 2 7/8s, 2016 | 5,970,000 | 4,977,488 | ||||
| Gilead Sciences, Inc. cv. sr. unsec. notes 1 5/8s, 2016 | 8,440,000 | 10,632,712 | ||||
| Illumina, Inc. 144A cv. sr. unsec. notes 0 1/4s, 2016 | 2,060,000 | 1,969,875 | ||||
| PDL BioPharma, Inc. cv. sr. unsec. notes 3 3/4s, 2015 | 3,205,000 | 3,269,100 | ||||
| United Therapeutics Corp. 144A cv. sr. notes 1s, 2016 | 4,015,000 | 4,769,419 | ||||
| 38,743,601 | ||||||
| Broadcasting (0.8%) | ||||||
| XM Satellite Radio, Inc. 144A cv. company guaranty sr. unsec. sub. notes 7s, 2014 | 3,583,000 | 5,018,439 | ||||
| 5,018,439 | ||||||
| Cable television (0.9%) | ||||||
| Virgin Media, Inc. cv. sr. unsec. notes 6 1/2s, 2016 (United Kingdom) | 4,155,000 | 6,284,438 | ||||
| 6,284,438 | ||||||
| Coal (1.7%) | ||||||
| Alpha Natural Resources, Inc. cv. sr. unsec. notes 2 3/8s, 2015 | 3,525,000 | 3,278,250 | ||||
| James River Coal Co. 144A cv. sr. unsec. notes 3 1/8s, 2018 | 3,292,000 | 1,864,095 | ||||
| Peabody Energy Corp. cv. jr. unsec. sub. debs. 4 3/4s, 2041 | 5,660,000 | 5,794,425 | ||||
| 10,936,770 | ||||||
| Commercial and consumer services (2.3%) | ||||||
| Alliance Data Systems Corp. cv. sr. unsec. notes 1 3/4s, 2013 | 4,420,000 | 6,409,000 | ||||
| CBIZ, Inc. 144A cv. sr. sub. notes 4 7/8s, 2015 | 2,555,000 | 2,746,625 | ||||
| PHH Corp. cv. sr. unsec. notes 4s, 2014 | 3,150,000 | 2,842,875 | ||||
| Priceline.com, Inc. 144A cv. sr. unsec. notes 1 1/4s, 2015 | 1,789,000 | 3,253,744 | ||||
| 15,252,244 | ||||||
| Computers (3.5%) | ||||||
| EMC Corp. cv. sr. unsec. notes 1 3/4s, 2013 | 2,765,000 | 4,582,988 | ||||
| EMC Corp. 144A cv. sr. unsec. notes 1 3/4s, 2013 | 5,360,000 | 8,884,200 | ||||
| SanDisk Corp. cv. sr. unsec. notes 1 1/2s, 2017 | 8,255,000 | 9,534,525 | ||||
| 23,001,713 | ||||||
| Consumer finance (1.2%) | ||||||
| DFC Global Corp. cv. sr. notes 3s, 2028 | 6,635,000 | 8,053,231 | ||||
| 8,053,231 | ||||||
| Consumer services (1.6%) | ||||||
| Avis Budget Group, Inc. cv. sr. notes 3 1/2s, 2014 | 4,595,000 | 5,301,481 | ||||
| Hertz Global Holdings, Inc. cv. sr. unsec. notes 5 1/4s, 2014 | 2,970,000 | 5,268,038 | ||||
| 10,569,519 | ||||||
| Electrical equipment (0.6%) | ||||||
| WESCO International, Inc. cv. company guaranty sr. unsec. notes 6s, 2029 | 1,709,000 | 4,007,947 | ||||
| 4,007,947 | ||||||
| Electronics (5.0%) | ||||||
| Advanced Micro Devices, Inc. cv. sr. unsec. notes 6s, 2015 | 7,391,000 | 7,511,104 | ||||
| Intel Corp. cv. jr. sub. notes 3 1/4s, 2039 | 7,515,000 | 10,051,313 | ||||
| Mentor Graphics Corp. 144A cv. sr. unsec. sub. notes 4s, 2031 | 3,078,000 | 3,139,560 | ||||
| Micron Technology, Inc. 144A cv. sr. notes Ser. A, 1 1/2s, 2031 | 2,000,000 | 1,985,000 | ||||
| Micron Technology, Inc. 144A cv. sr. unsec. notes Ser. B, 1 7/8s, 2031 | 1,600,000 | 1,614,000 | ||||
| TTM Technologies, Inc. cv. sr. unsec. notes 3 1/4s, 2015 | 4,360,000 | 4,757,850 | ||||
| Xilinx, Inc. cv. sr. unsec. notes 2 5/8s, 2017 | 2,900,000 | 3,929,500 | ||||
| 32,988,327 | ||||||
| Health-care services (2.5%) | ||||||
| Brookdale Senior Living, Inc. cv. sr. unsec. unsub. notes 2 3/4s, 2018 | 5,522,000 | 4,969,800 | ||||
| LifePoint Hospitals, Inc. cv. sr. sub. notes 3 1/2s, 2014 | 4,080,000 | 4,304,400 | ||||
| Lincare Holdings, Inc. cv. sr. unsec. unsub. notes Ser. B, 2 3/4s, 2037 | 4,630,000 | 5,110,363 | ||||
| Providence Service Corp. (The) cv. sr. unsec. sub. notes 6 1/2s, 2014 | 2,493,000 | 2,480,535 | ||||
| 16,865,098 | ||||||
| Homebuilding (0.8%) | ||||||
| Lennar Corp. 144A cv. sr. notes 2 3/4s, 2020 | 4,492,000 | 5,446,550 | ||||
| 5,446,550 | ||||||
| Insurance (1.1%) | ||||||
| Amtrust Financial Services, Inc. 144A cv. sr. unsec. notes 5 1/2s, 2021 | 3,546,000 | 3,786,064 | ||||
| Old Republic International Corp. cv. sr. unsec. unsub. notes 8s, 2012 | 3,170,000 | 3,209,625 | ||||
| 6,995,689 | ||||||
| Investment banking/Brokerage (1.5%) | ||||||
| Ares Capital Corp. 144A cv. sr. unsec. notes 5 3/4s, 2016 | 5,631,000 | 5,821,328 | ||||
| KKR Financial Holdings, LLC cv. sr. unsec. notes 7 1/2s, 2017 | 3,255,000 | 4,373,906 | ||||
| 10,195,234 | ||||||
| Lodging/Tourism (2.5%) | ||||||
| Gaylord Entertainment Co. 144A cv. company guaranty sr. unsec. notes 3 3/4s, 2014 | 3,935,000 | 4,781,025 | ||||
| Host Hotels & Resorts LP 144A cv. company guaranty sr. unsec. notes 2 1/2s, 2029(R) | 4,325,000 | 5,784,688 | ||||
| MGM Resorts International Co. cv. company guaranty sr. unsec. notes 4 1/4s, 2015 | 5,920,000 | 6,260,400 | ||||
| 16,826,113 | ||||||
| Manufacturing (1.7%) | ||||||
| General Cable Corp. cv. unsec. sub. notes stepped-coupon 4 1/2s (2 1/4s, 11/15/19) 2029(STP) | 5,990,000 | 6,514,125 | ||||
| Trinity Industries, Inc. cv. unsec. sub. notes 3 7/8s, 2036 | 4,685,000 | 4,702,569 | ||||
| 11,216,694 | ||||||
| Media (1.1%) | ||||||
| Liberty Media, LLC cv. sr. unsec. unsub. notes 3 1/2s, 2031 | 6,930,000 | 4,097,709 | ||||
| MasTec, Inc. cv. company guaranty sr. unsec. unsub. notes 4 1/4s, 2014 | 2,390,000 | 3,095,050 | ||||
| 7,192,759 | ||||||
| Medical technology (2.4%) | ||||||
| China Medical Technologies, Inc. cv. sr. unsec. bonds Ser. CMT, 4s, 2013 (China) | 3,213,000 | 1,767,150 | ||||
| China Medical Technologies, Inc. 144A cv. sr. unsec. notes 6 1/4s, 2016 (China) | 3,544,000 | 1,417,600 | ||||
| Hologic, Inc. cv. sr. unsec. notes stepped-coupon 2s (zero %, 12/15/16) 2037(STP) | 5,070,000 | 6,014,288 | ||||
| Teleflex, Inc. cv. sr. unsec. sub. notes 3 7/8s, 2017 | 5,606,000 | 6,769,245 | ||||
| 15,968,283 | ||||||
| Metals (3.9%) | ||||||
| Goldcorp, Inc. cv. sr. notes 2s, 2014 (Canada) | 6,017,000 | 7,701,760 | ||||
| Newmont Mining Corp. cv. company guaranty sr. unsub. notes 1 5/8s, 2017 | 3,490,000 | 5,213,188 | ||||
| Steel Dynamics, Inc. cv. sr. notes 5 1/8s, 2014 | 4,895,000 | 5,702,675 | ||||
| U.S. Steel Corp. cv. sr. unsec. notes 4s, 2014 | 4,965,000 | 5,926,969 | ||||
| USEC, Inc. cv. sr. unsec. notes 3s, 2014 | 2,000,000 | 1,207,500 | ||||
| 25,752,092 | ||||||
| Oil and gas (2.6%) | ||||||
| Chesapeake Energy Corp. cv. sr. unsec. notes company guaranty 2 1/2s, 2037 | 5,165,000 | 4,512,919 | ||||
| Endeavour International Corp. 144A cv. company guaranty sr. unsec. notes 5 1/2s, 2016 | 3,768,000 | 3,476,357 | ||||
| Goodrich Petroleum Corp. cv. sr. unsec. unsub. notes 5s, 2029 | 4,321,000 | 4,040,135 | ||||
| PetroBakken Energy, Ltd. cv. sr. unsec. notes 3 1/8s, 2016 | 1,600,000 | 1,580,000 | ||||
| St. Mary Land & Exploration Co. cv. sr. unsec. notes 3 1/2s, 2027 | 2,480,000 | 3,363,500 | ||||
| 16,972,911 | ||||||
| Pharmaceuticals (1.0%) | ||||||
| Endo Pharmaceuticals Holdings, Inc. cv. sr. unsec. sub. notes 1 3/4s, 2015 | 4,750,000 | 6,537,188 | ||||
| 6,537,188 | ||||||
| Real estate (2.1%) | ||||||
| Digital Realty Trust LP 144A cv. sr. unsec. notes 5 1/2s, 2029(R) | 2,615,000 | 4,571,347 | ||||
| iStar Financial, Inc. cv. sr. unsec. unsub. notes FRN 1.081s, 2012(R) | 5,450,000 | 5,082,125 | ||||
| Morgans Hotel Group Co. cv. sr. sub. notes 2 3/8s, 2014 | 5,145,000 | 4,347,525 | ||||
| 14,000,997 | ||||||
| Retail (1.5%) | ||||||
| Iconix Brand Group, Inc. 144A cv. sr. unsec. sub. notes 2 1/2s, 2016 | 5,123,000 | 5,046,155 | ||||
| Sonic Automotive, Inc. cv. sr. unsec. notes 5s, 2029 | 3,740,000 | 5,133,150 | ||||
| 10,179,305 | ||||||
| Semiconductor (2.5%) | ||||||
| Linear Technology Corp. cv. sr. unsec. unsub. notes Ser. A, 3s, 2027 | 4,685,000 | 4,989,525 | ||||
| Novellus Systems, Inc. 144A cv. sr. notes 2 5/8s, 2041 | 4,965,000 | 6,618,842 | ||||
| Photronics, Inc. 144A cv. sr. notes 3 1/4s, 2016 | 4,763,000 | 4,814,917 | ||||
| 16,423,284 | ||||||
| Shipping (0.4%) | ||||||
| Genco Shipping & Trading, Ltd. cv. sr. unsec. notes 5s, 2015 | 4,400,000 | 2,678,500 | ||||
| 2,678,500 | ||||||
| Software (4.2%) | ||||||
| Microsoft Corp. 144A cv. sr. unsec. notes zero %, 2013 | 5,781,000 | 5,997,788 | ||||
| Safeguard Scientifics, Inc. cv. sr. unsec. sub. notes 10 1/8s, 2014 | 8,600,000 | 11,307,280 | ||||
| SYNNEX Corp. cv. sr. notes 4s, 2018 | 4,925,000 | 6,482,531 | ||||
| TeleCommunication Systems, Inc. 144A cv. sr. unsec. notes 4 1/2s, 2014 | 5,205,000 | 4,307,138 | ||||
| 28,094,737 | ||||||
| Technology (2.1%) | ||||||
| CACI International, Inc. cv. sr. unsec. sub. notes 2 1/8s, 2014 | 4,090,000 | 4,928,450 | ||||
| CACI International, Inc. 144A cv. sr. unsec. sub. notes 2 1/8s, 2014 | 1,585,000 | 1,909,925 | ||||
| ON Semiconductor Corp. cv. company guaranty sr. unsec. sub. notes 2 5/8s, 2026 | 2,690,000 | 3,049,788 | ||||
| ON Semiconductor Corp. 144A cv. company guaranty sr. unsec. sub. notes 2 5/8s, 2026 | 3,645,000 | 4,132,519 | ||||
| 14,020,682 | ||||||
| Technology services (0.9%) | ||||||
| DST Systems, Inc. cv. sr. unsec. unsub. bonds FRB Ser. C, zero %, 2023 | 5,140,000 | 6,045,925 | ||||
| 6,045,925 | ||||||
| Telecommunications (3.8%) | ||||||
| Equinix, Inc. 3s, 2014 | 6,930,000 | 8,497,913 | ||||
| Level 3 Communications, Inc. cv. sr. unsec. unsub. notes 6 1/2s, 2016 | 3,235,000 | 4,152,931 | ||||
| Powerwave Technologies, Inc. cv. sr. unsec. sub. notes 3 7/8s, 2027 | 5,121,000 | 2,605,309 | ||||
| SBA Communications Corp. cv. sr. unsec. notes 1 7/8s, 2013 | 8,120,000 | 9,612,050 | ||||
| 24,868,203 | ||||||
| Telephone (0.9%) | ||||||
| Leap Wireless International, Inc. cv. sr. unsec. notes 4 1/2s, 2014 | 6,255,000 | 5,692,050 | ||||
| 5,692,050 | ||||||
| Trucks and parts (0.9%) | ||||||
| Meritor, Inc. cv. company guaranty sr. unsec. notes stepped-coupon 4 5/8s (zero %, 3/1/16) 2026(STP) | 6,890,000 | 5,830,663 | ||||
| 5,830,663 | ||||||
| Waste Management (0.8%) | ||||||
| Covanta Holding Corp. cv. sr. unsec. notes 3 1/4s, 2014 | 4,830,000 | 5,198,981 | ||||
| 5,198,981 | ||||||
| Total convertible bonds and notes (cost $428,422,591) | $456,435,194 | |||||
| CONVERTIBLE PREFERRED STOCKS (24.2%)(a) | ||||||
| Shares | Value | |||||
| Automotive (1.3%) | ||||||
| General Motors Co. Ser. B, $2.375 cv. pfd. | 216,480 | $8,672,730 | ||||
| 8,672,730 | ||||||
| Banking (5.1%) | ||||||
| Bank of America Corp. Ser. L, 7.25% cv. pfd. | 9,030 | 8,273,738 | ||||
| Citigroup, Inc. $7.50 cv. pfd. | 108,060 | 10,010,462 | ||||
| Huntington Bancshares Ser. A, 8.50% cv. pfd. | 1,827 | 2,027,970 | ||||
| Wells Fargo & Co. Ser. L, 7.50% cv. pfd. | 12,415 | 13,495,105 | ||||
| 33,807,275 | ||||||
| Communications equipment (0.7%) | ||||||
| Lucent Technologies Capital Trust I 7.75% cv. pfd. | 6,505 | 4,455,925 | ||||
| 4,455,925 | ||||||
| Consumer (1.0%) | ||||||
| Stanley Black & Decker, Inc. $4.75 cv. pfd. | 54,941 | 6,513,256 | ||||
| 6,513,256 | ||||||
| Electric utilities (2.0%) | ||||||
| Great Plains Energy, Inc. $6.00 cv. pfd. | 103,367 | 6,534,862 | ||||
| PPL Corp. $4.375 cv. pfd. | 124,820 | 6,549,305 | ||||
| 13,084,167 | ||||||
| Financial (1.2%) | ||||||
| AMG Capital Trust II $2.575 cv. pfd. | 190,390 | 7,865,487 | ||||
| 7,865,487 | ||||||
| Food (0.6%) | ||||||
| Bunge, Ltd. $4.875 cv. pfd. | 43,885 | 4,163,589 | ||||
| 4,163,589 | ||||||
| Insurance (2.8%) | ||||||
| Assured Guaranty, Ltd. $4.25 cv. pfd. (Bermuda) | 35,675 | 2,222,909 | ||||
| Hartford Financial Services Group, Inc. (The) $1.182 cv. pfd. | 270,653 | 5,582,218 | ||||
| MetLife, Inc. $3.75 cv. pfd. | 154,133 | 10,559,652 | ||||
| 18,364,779 | ||||||
| Media (2.4%) | ||||||
| Interpublic Group of Cos, Inc. (The) Ser. B, 5.25% cv. pfd. | 8,530 | 8,370,063 | ||||
| Nielsen Holdings NV $3.125 cv. pfd. | 131,150 | 7,368,991 | ||||
| 15,739,054 | ||||||
| Metals (0.5%) | ||||||
| Vale Capital II $3.375 cv. pfd. (Cayman Islands) | 46,255 | 3,214,723 | ||||
| 3,214,723 | ||||||
| Oil and gas (1.5%) | ||||||
| Apache Corp. Ser. D, $3.00 cv. pfd. | 118,706 | 6,818,176 | ||||
| Chesapeake Energy Corp. 144A 5.75% cv. pfd. | 3,694 | 3,565,560 | ||||
| 10,383,736 | ||||||
| Real estate (3.2%) | ||||||
| Alexandria Real Estate Equities, Inc. Ser. D, $1.75 cv. pfd. | 282,425 | 7,145,353 | ||||
| Entertainment Properties Trust Ser. C, $1.438 cum. cv. pfd. | 325,175 | 6,353,529 | ||||
| Health Care REIT, Inc. Ser. I, $3.25 cv. pfd. | 148,315 | 7,971,931 | ||||
| 21,470,813 | ||||||
| Shipping (0.8%) | ||||||
| Swift Mandatory Common Exchange Security Trust 144A 6.00% cv. pfd. | 432,880 | 5,083,093 | ||||
| 5,083,093 | ||||||
| Technology services (0.4%) | ||||||
| Unisys Corp. Ser. A, 6.25% cv. pfd. | 39,451 | 2,524,864 | ||||
| 2,524,864 | ||||||
| Telecommunications (0.7%) | ||||||
| Crown Castle International Corp. $3.125 cum. cv. pfd. | 72,561 | 4,780,317 | ||||
| 4,780,317 | ||||||
| Total convertible preferred stocks (cost $165,158,911) | $160,123,808 | |||||
| COMMON STOCKS (1.8%)(a) | ||||||
| Shares/Units | Value | |||||
| Advanced Micro Devices, Inc.(NON) | 233,925 | $1,569,637 | ||||
| Bed Bath & Beyond, Inc.(NON) | 43,195 | 2,621,937 | ||||
| Brazil Ethanol, Inc. 144A (Unit)(NON) | 312,500 | 3,125 | ||||
| Comcast Corp. Class A | 100,455 | 2,671,098 | ||||
| Hess Corp. | 39,395 | 2,217,939 | ||||
| Oracle Corp. | 92,585 | 2,610,897 | ||||
| Total common stocks (cost $14,056,282) | $11,694,633 | |||||
| CORPORATE BONDS AND NOTES (1.0%)(a) | ||||||
| Principal amount | Value | |||||
| Clearwire Communications, LLC/Clearwire Finance, Inc. 144A company guaranty sr. notes 12s, 2017 | $2,787,000 | $2,257,470 | ||||
| Jazz Technologies, Inc. company guaranty sr. unsec. notes 8s, 2015(F) | 2,857,000 | 2,428,450 | ||||
| Provident Funding Associates LP/PFG Finance Corp. 144A sr. notes 10 1/8s, 2019 | 1,840,000 | 1,389,200 | ||||
| Surgical Care Affiliates, Inc. 144A sr. sub. notes 10s, 2017 | 662,000 | 638,003 | ||||
| Total corporate bonds and notes (cost $6,198,445) | $6,713,123 | |||||
| WARRANTS (—%)(a)(NON) | ||||||
| Expiration date | Strike Price | Warrants | Value | |||
| Tower Semiconductor, Ltd. 144A (Israel)(F) | 6/30/15 | $0.01 | 1,085,630 | $260,551 | ||
| Total warrants (cost $217,126) | $260,551 | |||||
| SHORT-TERM INVESTMENTS (3.0%)(a) | ||||||
| Shares | Value | |||||
| Putnam Money Market Liquidity Fund 0.08%(e) | 19,594,745 | $19,594,745 | ||||
| Total short-term investments (cost $19,594,745) | $19,594,745 | |||||
| TOTAL INVESTMENTS | ||||||
| Total investments (cost $633,648,100)(b) | $654,822,054 | |||||
| Key to holding's abbreviations | |||
| ASC 820 | Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures | ||
| FRB | Floating Rate Bonds: the rate shown is the current interest rate at the close of the reporting period | ||
| FRN | Floating Rate Notes: the rate shown is the current interest rate at the close of the reporting period | ||
| Putnam Management | Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC | ||
| Notes to the fund's portfolio | |||||
| Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from November 1, 2011 through January 31, 2012 (the reporting period). | |||||
| (a) | Percentages indicated are based on net assets of $661,610,298. | ||||
| (b) | The aggregate identified cost on a tax basis is $634,464,520, resulting in gross unrealized appreciation and depreciation of $56,913,088 and $36,555,554, respectively, or net unrealized appreciation of $20,357,534. | ||||
| (NON) | Non-income-producing security. | ||||
| (STP) | The interest rate and date shown parenthetically represent the new interest rate to be paid and the date the fund will begin accruing interest at this rate. | ||||
| (e) | The fund invested in Putnam Money Market Liquidity Fund, an open-end management investment company managed by Putnam Management. Investments in Putnam Money Market Liquidity Fund are valued at its closing net asset value each business day. Income distributions earned by the fund are recorded as interest income and totaled $2,344 for the reporting period. During the reporting period, cost of purchases and proceeds of sales of investments in Putnam Money Market Liquidity Fund aggregated $61,202,108 and $53,898,692, respectively. Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. | ||||
| (F) | Is valued at fair value following procedures approved by the Trustees. Securities may be classified as Level 2 or Level 3 for ASC 820 based on the securities' valuation inputs. | ||||
| (R) | Real Estate Investment Trust. | ||||
| Debt obligations are considered secured unless otherwise indicated. | |||||
| 144A after the name of an issuer represents securities exempt from registration under Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. | |||||
| The dates shown on debt obligations are the original maturity dates. | |||||
| 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, and are classified as Level 1 securities. 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 and is generally categorized as a Level 2 security. | |||||
| Investments in other open-end investment companies, which are classified as Level 1 securities, are based on their net asset value (NAV). The NAV of an investment company equals the total value of its assets less its liabilities and divided by the number of its outstanding shares. Shares are only valued as of the close of regular trading on the New York Stock Exchange each day that the exchange is open. | |||||
| Market quotations are not considered to be readily available for certain debt obligations and other investments; such investments are valued on the basis of valuations furnished by an independent pricing service approved by the Trustees or dealers selected by Putnam Management. Such services or dealers determine valuations for normal institutional-size trading units of such securities using methods based on market transactions for comparable securities and various relationships, generally recognized by institutional traders, between securities (which considers such factors as security prices, yields, maturities and ratings). These securities will generally be categorized as Level 2. | |||||
| 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, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. These securities, which will generally represent a transfer from a Level 1 to a Level 2 security, will be classified as Level 2. 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. | |||||
| To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures and recovery rates. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs. | |||||
| 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 in a current sale and does not reflect an actual market price, which may be different by a material amount. | |||||
| ASC 820 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 the close of the reporting period: | ||||
| Valuation inputs | ||||
|
| ||||
| Investments in securities: | Level 1 | Level 2 | Level 3 | |
| Common stocks: | ||||
| Communication services | $2,671,098 | $— | $— | |
| Consumer cyclicals | 2,621,937 | — | — | |
| Energy | 2,217,939 | 3,125 | — | |
| Technology | 4,180,534 | — | — | |
| Total common stocks | 11,691,508 | 3,125 | — | |
| Convertible bonds and notes | - | 456,435,194 | - | |
| Convertible preferred stocks | — | 160,123,808 | — | |
| Corporate bonds and notes | — | 4,284,673 | 2,428,450 | |
| Warrants | — | — | 260,551 | |
| Short-term investments | 19,594,745 | — | — | |
|
|
|
|
||
| Totals by level | $31,286,253 | $620,846,800 | $2,689,001 | |
| At the start and/or close of the reporting period, Level 3 investments in securities were not considered a significant portion of the fund's portfolio. | ||||
| Market Values of Derivative Instruments as of the close of the reporting period | ||||
| Asset derivatives | Liability derivatives | |||
|
| ||||
| Derivatives not accounted for as hedging instruments under ASC 815 | Market value | Market value | ||
| Equity contracts | $260,551 | $— | ||
|
|
|
|||
| Total | $260,551 | $— | ||
| 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 Convertible Securities Fund |
| By (Signature and Title): |
| /s/ Janet C. Smith Janet C. Smith Principal Accounting Officer Date: March 30, 2012 |
| 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/ Jonathan S. Horwitz Jonathan S. Horwitz Principal Executive Officer Date: March 30, 2012 |
| By (Signature and Title): |
| /s/ Steven D. Krichmar Steven D. Krichmar Principal Financial Officer Date: March 30, 2012 |
| Certifications | |
| I, Jonathan S. Horwitz, 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/ Jonathan S. Horwitz | |
| _____________________________ | |
Date: March 30, 2012 | |
| Jonathan S. Horwitz | |
| 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: March 30, 2012 | |
| Steven D. Krichmar | |
| Principal Financial Officer | |
Attachment A | |
NQ | |
Period (s) ended January 31, 2012 | |
| Putnam Managed Municipal Income Trust | |
| Putnam Municipal Opportunities Trust | |
| Putnam Multi-Cap Value Fund | |
| Putnam Multi-Cap Core Fund | |
| The Putnam Fund for Growth and Income | |
| Putnam Capital Opportunities Fund | |
| Putnam Income Fund | |
| Putnam Global Income Trust | |
| Putnam Global Equity Fund | |
| Putnam Convertible Securities Fund | |
| Putnam Absolute Return 100 Fund | |
| Putnam Absolute Return 300 Fund | |
| Putnam Absolute Return 500 Fund | |
| Putnam Absolute Return 700 Fund | |
| Putnam Capital Spectrum Fund | |
| Putnam Equity Spectrum Fund | |
| Putnam Asia Pacific Equity Fund | |
| Putnam Global Sector Fund |