| 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, 2013 |
| Date of reporting period: | July 31, 2013 |
Item 1. Schedule of Investments: |
| Putnam Convertible Securities Fund | ||||||
| The fund's portfolio | ||||||
| 7/31/13 (Unaudited) | ||||||
| CONVERTIBLE BONDS AND NOTES (64.7%)(a) | ||||||
| Principal amount | Value | |||||
| Aerospace and defense (0.4%) | ||||||
| Triumph Group, Inc. cv. sr. unsec. sub. notes 2 5/8s, 2026 | $1,130,000 | $3,257,225 | ||||
| 3,257,225 | ||||||
| Airlines (—%) | ||||||
| Lufthansa Malta Blues LP 144A cv. sr. unsec. notes 0 3/4s, 2017 (Malta) | EUR | 17,000 | 26,786 | |||
| 26,786 | ||||||
| Automotive (1.4%) | ||||||
| Ford Motor Co. cv. sr. unsec. notes 4 1/4s, 2016 | $3,455,000 | 6,730,772 | ||||
| TRW Automotive, Inc. cv. company guaranty sr. unsec. notes 3 1/2s, 2015 | 1,775,000 | 4,455,250 | ||||
| 11,186,022 | ||||||
| Biotechnology (6.7%) | ||||||
| Auxilium Pharmaceuticals, Inc. cv. sr. unsec. notes 1 1/2s, 2018 | 5,420,000 | 5,484,363 | ||||
| Cubist Pharmaceuticals, Inc. cv. sr. unsec. notes 2 1/2s, 2017 | 3,490,000 | 7,686,725 | ||||
| Gilead Sciences, Inc. cv. sr. unsec. notes 1 5/8s, 2016 | 7,175,000 | 19,410,528 | ||||
| Medicines Co. (The) 144A cv. sr. unsec. notes 1 3/8s, 2017 | 3,951,000 | 5,047,403 | ||||
| Onyx Pharmaceuticals, Inc. cv. sr. unsec. notes 4s, 2016 | 735,000 | 2,482,463 | ||||
| PDL BioPharma, Inc. cv. sr. unsec. notes 3 3/4s, 2015 | 4,235,000 | 5,465,797 | ||||
| Sequenom, Inc. 144A cv. sr. unsec. notes 5s, 2017 | 4,065,000 | 3,948,131 | ||||
| United Therapeutics Corp. cv. sr. unsec. notes 1s, 2016 | 1,951,000 | 3,160,620 | ||||
| 52,686,030 | ||||||
| Broadcasting (0.7%) | ||||||
| XM Satellite Radio, Inc. 144A cv. company guaranty sr. unsec. sub. notes 7s, 2014 | 2,598,000 | 5,436,445 | ||||
| 5,436,445 | ||||||
| Commercial and consumer services (1.9%) | ||||||
| CBIZ, Inc. 144A cv. sr. sub. notes 4 7/8s, 2015 | 3,660,000 | 4,254,750 | ||||
| Priceline.com, Inc. cv. sr. unsec. unsub. notes 1s, 2018 | 9,224,000 | 11,011,150 | ||||
| 15,265,900 | ||||||
| Communications equipment (0.9%) | ||||||
| Ciena, Inc. 144A cv. sr. unsec. notes 3 3/4s, 2018 | 2,684,000 | 3,621,723 | ||||
| Outerwall, Inc. cv. sr. unsec. unsub. notes 4s, 2014 | 2,300,000 | 3,130,875 | ||||
| 6,752,598 | ||||||
| Computers (2.8%) | ||||||
| EMC Corp. cv. sr. unsec. notes 1 3/4s, 2013 | 7,610,000 | 12,418,569 | ||||
| Infinera Corp. 144A cv. sr. unsec. unsub. notes 1 3/4s, 2018 | 3,572,000 | 3,982,780 | ||||
| SanDisk Corp. cv. sr. unsec. notes 1 1/2s, 2017 | 4,260,000 | 5,396,888 | ||||
| 21,798,237 | ||||||
| Conglomerates (0.8%) | ||||||
| Siemens Financieringsmaatschappij N.V. cv. company guaranty sr. unsec. bonds 1.65s, 2019 (Netherlands) | 6,000,000 | 6,341,400 | ||||
| 6,341,400 | ||||||
| Construction (0.7%) | ||||||
| Cemex SAB de CV cv. unsec. sub. notes 4 7/8s, 2015 (Mexico) | 4,300,000 | 5,149,250 | ||||
| 5,149,250 | ||||||
| Consumer (1.0%) | ||||||
| Jarden Corp. 144A cv. company guaranty sr. unsec. sub. notes 1 7/8s, 2018 | 6,451,000 | 7,619,276 | ||||
| 7,619,276 | ||||||
| Consumer finance (2.6%) | ||||||
| DFC Global Corp. 144A cv. sr. unsec. unsub. notes 3 1/4s, 2017 | 4,924,000 | 5,088,954 | ||||
| Encore Capital Group, Inc. 144A cv. company guaranty sr. unsec. notes 3s, 2020 | 768,000 | 808,320 | ||||
| Encore Capital Group, Inc. 144A cv. sr. unsec. unsub. notes 3s, 2017 | 2,236,000 | 3,049,345 | ||||
| PHH Corp. cv. sr. unsec. unsub. notes 6s, 2017 | 2,440,000 | 4,761,050 | ||||
| Walter Investment Management Corp. cv. sr. unsec. sub. notes 4 1/2s, 2019 | 6,545,000 | 6,990,878 | ||||
| 20,698,547 | ||||||
| Consumer services (0.8%) | ||||||
| Hertz Global Holdings, Inc. cv. sr. unsec. notes 5 1/4s, 2014 | 770,000 | 2,387,481 | ||||
| Shutterfly, Inc. 144A cv. sr. unsec. notes 0 1/4s, 2018 | 3,630,000 | 3,893,175 | ||||
| 6,280,656 | ||||||
| Electronics (6.8%) | ||||||
| Intel Corp. cv. jr. sub. notes 3 1/4s, 2039 | 5,930,000 | 7,360,613 | ||||
| L-3 Communications Holdings, Inc. cv. company guaranty sr. unsec. bonds 3s, 2035 | 3,000,000 | 3,219,375 | ||||
| Mentor Graphics Corp. cv. sub. unsec. notes 4s, 2031 | 5,055,000 | 6,233,447 | ||||
| Micron Technology, Inc. 144A cv. sr. unsec. notes 1 5/8s, 2033 | 12,608,000 | 17,336,000 | ||||
| Vishay Intertechnology, Inc. 144A cv. sr. unsec. notes 2 1/4s, 2041 | 6,180,000 | 5,643,113 | ||||
| Xilinx, Inc. cv. sr. unsec. notes 2 5/8s, 2017 | 8,215,000 | 13,364,778 | ||||
| 53,157,326 | ||||||
| Energy (oil field) (1.4%) | ||||||
| Hornbeck Offshore Services, Inc. 144A cv. company guaranty sr. unsec. notes 1 1/2s, 2019 | 4,399,000 | 5,306,294 | ||||
| SEACOR Holdings, Inc. 144A cv. sr. unsec. unsub. notes 2 1/2s, 2027 | 4,623,000 | 5,486,923 | ||||
| 10,793,217 | ||||||
| Financial (0.4%) | ||||||
| Radian Group, Inc. cv. sr. unsec. unsub. notes 3s, 2017 | 1,992,000 | 2,829,885 | ||||
| 2,829,885 | ||||||
| Health-care services (2.7%) | ||||||
| Allscripts Healthcare Solutions, Inc. 144A cv. sr. unsec. notes 1 1/4s, 2020 | 6,822,000 | 7,687,541 | ||||
| Brookdale Senior Living, Inc. cv. sr. unsec. unsub. notes 2 3/4s, 2018 | 6,622,000 | 8,174,031 | ||||
| WellPoint, Inc. 144A cv. sr. unsec. notes 2 3/4s, 2042 | 4,120,000 | 5,376,600 | ||||
| 21,238,172 | ||||||
| Homebuilding (3.0%) | ||||||
| Forest City Enterprises, Inc. cv. sr. unsec. notes 4 1/4s, 2018 | 8,170,000 | 8,813,388 | ||||
| Forestar Group, Inc. cv. sr. unsec. unsub. notes 3 3/4s, 2020 | 3,348,000 | 3,872,632 | ||||
| Lennar Corp. 144A cv. sr. notes 2 3/4s, 2020 | 1,934,000 | 3,152,420 | ||||
| M/I Homes, Inc. cv. company guaranty sr. sub. notes 3s, 2018 | 3,946,000 | 3,990,393 | ||||
| Standard Pacific Corp. cv. company guaranty sr. unsec. unsub. notes 1 1/4s, 2032 | 2,935,000 | 3,676,088 | ||||
| 23,504,921 | ||||||
| Insurance (1.0%) | ||||||
| Fidelity National Financial, Inc. cv. sr. unsec. unsub. notes 4 1/4s, 2018 | 5,485,000 | 7,480,169 | ||||
| 7,480,169 | ||||||
| Investment banking/Brokerage (0.9%) | ||||||
| Ares Capital Corp. cv. sr. unsec. notes 5 3/4s, 2016 | 5,538,000 | 6,025,344 | ||||
| Hercules Technology Growth Capital, Inc. cv. sr. unsec. notes 6s, 2016 | 732,000 | 867,420 | ||||
| 6,892,764 | ||||||
| Lodging/Tourism (2.4%) | ||||||
| Host Hotels & Resorts LP 144A cv. company guaranty sr. unsec. notes 2 1/2s, 2029(R) | 6,275,000 | 8,898,734 | ||||
| MGM Resorts International Co. cv. company guaranty sr. unsec. notes 4 1/4s, 2015 | 8,255,000 | 9,622,234 | ||||
| 18,520,968 | ||||||
| Machinery (0.2%) | ||||||
| Chart Industries, Inc. cv.sr. unsec. sub. notes 2s, 2018 | 1,290,000 | 1,603,748 | ||||
| 1,603,748 | ||||||
| Manufacturing (1.6%) | ||||||
| General Cable Corp. cv. unsec. sub. notes stepped-coupon 4 1/2s (2 1/4s, 11/15/19) 2029(STP) | 4,515,000 | 5,065,266 | ||||
| MasTec, Inc. cv. company guaranty sr. unsec. unsub. notes 4 1/4s, 2014 | 1,425,000 | 3,082,453 | ||||
| Trinity Industries, Inc. cv. unsec. sub. notes 3 7/8s, 2036 | 3,575,000 | 4,135,828 | ||||
| 12,283,547 | ||||||
| Media (2.2%) | ||||||
| Liberty Interactive, LLC cv. sr. unsec. unsub. notes 3 1/2s, 2031 | 15,055,000 | 7,593,366 | ||||
| Liberty Interactive, LLC 144A cv. sr. unsec. unsub. notes 0 3/4s, 2043 | 8,359,000 | 9,362,080 | ||||
| 16,955,446 | ||||||
| Medical technology (3.2%) | ||||||
| Accuray, Inc. 144A cv. sr. unsec. notes 3 1/2s, 2018 | 384,000 | 506,880 | ||||
| China Medical Technologies, Inc. cv. sr. unsec. bonds Ser. CMT, 4s, 2013 (China) (In default)(F)(NON) | 3,213,000 | 257,040 | ||||
| China Medical Technologies, Inc. 144A cv. sr. unsec. notes 6 1/4s, 2016 (China) (In default)(F)(NON) | 3,544,000 | 248,080 | ||||
| Hologic, Inc. cv. sr. unsec. unsub. notes stepped-coupon 2s (0s, 3/1/18) 2042(STP) | 5,185,000 | 5,528,506 | ||||
| Insulet Corp. cv. sr. unsec. notes 3 3/4s, 2016 | 3,420,000 | 4,529,363 | ||||
| Teleflex, Inc. cv. sr. unsec. sub. notes 3 7/8s, 2017 | 3,966,000 | 5,443,335 | ||||
| Volcano Corp. cv. sr. unsec. unsub. notes 1 3/4s, 2017 | 4,629,000 | 4,397,550 | ||||
| Wright Medical Group, Inc. 144A cv. sr. unsec. unsub. notes 2s, 2017 | 3,535,000 | 4,414,331 | ||||
| 25,325,085 | ||||||
| Metals (0.6%) | ||||||
| Newmont Mining Corp. cv. company guaranty sr. unsub. notes 1 5/8s, 2017 | 3,915,000 | 4,323,628 | ||||
| 4,323,628 | ||||||
| Oil and gas (2.4%) | ||||||
| Chesapeake Energy Corp. cv. company guaranty sr. unsec. notes 2 1/2s, 2037 | 5,165,000 | 4,942,259 | ||||
| Cobalt International Energy, Inc. cv. sr. unsec. unsub. notes 2 5/8s, 2019 | 5,958,000 | 6,669,236 | ||||
| Goodrich Petroleum Corp. cv. sr. unsec. unsub. notes 5s, 2029 | 2,810,000 | 2,864,444 | ||||
| Vantage Drilling Co. cv. sr. unsec. unsub. notes 7 7/8s, 2042 | 3,601,000 | 4,159,155 | ||||
| 18,635,094 | ||||||
| Pharmaceuticals (2.3%) | ||||||
| Akorn, Inc. cv. sr. unsec. notes 3 1/2s, 2016 | 1,242,000 | 2,145,555 | ||||
| Endo Pharmaceuticals Holdings, Inc. cv. sr. unsec. sub. notes 1 3/4s, 2015 | 3,643,000 | 5,027,340 | ||||
| Opko Health, Inc. 144A cv. sr. unsec. notes 3s, 2033 | 2,755,000 | 2,934,075 | ||||
| Supernus Pharmaceuticals, Inc. 144A cv. sr. notes 7 1/2s, 2019 | 2,405,000 | 3,158,066 | ||||
| ViroPharma, Inc. cv. sr. unsec. notes 2s, 2017 | 2,707,000 | 5,121,306 | ||||
| 18,386,342 | ||||||
| Real estate (2.3%) | ||||||
| Digital Realty Trust LP 144A cv. sr. unsec. notes 5 1/2s, 2029(R) | 2,120,000 | 2,983,900 | ||||
| iStar Financial, Inc. cv. sr. unsec. unsub. notes 3s, 2016(R) | 6,036,000 | 7,311,105 | ||||
| Morgans Hotel Group Co. cv. sr. sub. notes 2 3/8s, 2014(R) | 2,444,000 | 2,398,175 | ||||
| RAIT Financial Trust cv. sr. unsec. unsub. notes 7s, 2031(R) | 1,538,000 | 1,871,554 | ||||
| Starwood Property Trust, Inc. cv. sr. unsec. unsub. notes 4s, 2019 | 3,477,000 | 3,672,581 | ||||
| 18,237,315 | ||||||
| Semiconductor (2.6%) | ||||||
| Linear Technology Corp. cv. sr. unsec. unsub. notes Ser. A, 3s, 2027 | 5,975,000 | 6,475,406 | ||||
| Novellus Systems, Inc. cv. sr. unsec. notes 2 5/8s, 2041 | 6,880,000 | 10,633,900 | ||||
| Photronics, Inc. cv. sr. unsec. notes 3 1/4s, 2016 | 3,253,000 | 3,496,975 | ||||
| 20,606,281 | ||||||
| Shipping (0.1%) | ||||||
| Genco Shipping & Trading, Ltd. cv. sr. unsec. notes 5s, 2015 | 1,580,000 | 423,756 | ||||
| 423,756 | ||||||
| Software (2.3%) | ||||||
| Dealertrack Technologies, Inc. cv. company guaranty sr. unsec. notes 1 1/2s, 2017 | 5,468,000 | 6,534,807 | ||||
| Safeguard Scientifics, Inc. 144A cv. sr. unsec. notes 5 1/4s, 2018 | 6,200,000 | 6,572,000 | ||||
| SYNNEX Corp. cv. sr. notes 4s, 2018 | 963,000 | 1,621,114 | ||||
| TeleCommunication Systems, Inc. cv. sr. unsec. notes 7 3/4s, 2018 | 3,005,000 | 2,982,463 | ||||
| 17,710,384 | ||||||
| Technology (1.3%) | ||||||
| ON Semiconductor Corp. cv. company guaranty sr. unsec. sub. notes Ser. B, 2 5/8s, 2026 | 8,827,000 | 10,162,084 | ||||
| 10,162,084 | ||||||
| Technology services (1.0%) | ||||||
| DST Systems, Inc. cv. sr. unsec. unsub. bonds FRB Ser. C, 0.542s, 2023 | 5,350,000 | 7,921,344 | ||||
| 7,921,344 | ||||||
| Telecommunications (1.5%) | ||||||
| Level 3 Communications, Inc. cv. sr. unsec. unsub. notes 6 1/2s, 2016 | 4,325,000 | 5,957,688 | ||||
| Powerwave Technologies, Inc. cv. sr. unsec. sub. notes 3 7/8s, 2027 (In default)(NON) | 5,121,000 | 25,605 | ||||
| SBA Communications Corp. cv. sr. unsec. notes 4s, 2014 | 2,475,000 | 6,077,672 | ||||
| 12,060,965 | ||||||
| Telephone (0.1%) | ||||||
| Leap Wireless International, Inc. cv. sr. unsec. notes 4 1/2s, 2014 | 1,139,000 | 1,159,644 | ||||
| 1,159,644 | ||||||
| Tobacco (1.0%) | ||||||
| Vector Group Ltd. cv. sr. unsec. FRN notes 2 1/2s, 2019 | 6,605,000 | 7,870,657 | ||||
| 7,870,657 | ||||||
| Waste Management (0.7%) | ||||||
| Covanta Holding Corp. cv. sr. unsec. notes 3 1/4s, 2014 | 4,135,000 | 5,476,286 | ||||
| 5,476,286 | ||||||
| Total convertible bonds and notes (cost $448,728,235) | $506,057,400 | |||||
| CONVERTIBLE PREFERRED STOCKS (25.3%)(a) | ||||||
| Shares | Value | |||||
| Aerospace and defense (1.9%) | ||||||
| United Technologies Corp. $3.75 cv. pfd. | 236,060 | $15,138,528 | ||||
| 15,138,528 | ||||||
| Airlines (0.7%) | ||||||
| Continental Financial Trust II $3.00 cv. pfd. | 123,410 | 5,723,139 | ||||
| 5,723,139 | ||||||
| Automotive (1.2%) | ||||||
| General Motors Co. Ser. B, $2.375 cv. pfd. | 187,915 | 9,395,750 | ||||
| 9,395,750 | ||||||
| Banking (3.3%) | ||||||
| Bank of America Corp. Ser. L, 7.25% cv. pfd. | 5,905 | 6,639,434 | ||||
| OFG Bancorp cv. pfd. Ser. C, 8.75% (Puerto Rico) | 2,637 | 4,601,565 | ||||
| Wells Fargo & Co. Ser. L, 7.50% cv. pfd. | 7,825 | 9,106,344 | ||||
| Wintrust Financial Corp. $3.75 cv. pfd. | 93,135 | 5,271,441 | ||||
| 25,618,784 | ||||||
| Consumer (1.1%) | ||||||
| Stanley Black & Decker, Inc. $4.75 cv. pfd. | 62,561 | 8,445,735 | ||||
| 8,445,735 | ||||||
| Electric utilities (2.6%) | ||||||
| Dominion Resources, Inc. cv. pfd. Ser. A, $3.06(NON) | 124,190 | 6,440,493 | ||||
| NextEra Energy, Inc. $2.799 cv. pfd. | 123,200 | 7,231,840 | ||||
| PPL Corp. $4.375 cv. pfd. | 120,590 | 6,552,861 | ||||
| 20,225,194 | ||||||
| Financial (1.4%) | ||||||
| AMG Capital Trust II $2.575 cv. pfd. | 190,390 | 10,923,626 | ||||
| 10,923,626 | ||||||
| Food (0.7%) | ||||||
| Post Holdings, Inc. 144A $3.75 cv. pfd. | 51,935 | 5,855,671 | ||||
| 5,855,671 | ||||||
| Forest products and packaging (1.4%) | ||||||
| Weyerhaeuser Co. Ser. A, zero % cv. pfd.(NON) | 202,369 | 10,573,780 | ||||
| 10,573,780 | ||||||
| Health-care services (0.9%) | ||||||
| HealthSouth Corp. Ser. A, 6.50% cv. pfd. | 5,905 | 7,410,775 | ||||
| 7,410,775 | ||||||
| Insurance (1.0%) | ||||||
| MetLife, Inc. $3.75 cv. pfd. | 140,088 | 7,972,408 | ||||
| 7,972,408 | ||||||
| Media (0.6%) | ||||||
| Interpublic Group of Cos, Inc. (The) Ser. B, 5.25% cv. pfd. | 3,221 | 4,330,232 | ||||
| 4,330,232 | ||||||
| Metals (0.9%) | ||||||
| ArcelorMittal Ser. MTUS, $1.50 cv. pfd. (France) | 347,600 | 7,250,936 | ||||
| 7,250,936 | ||||||
| Oil and gas (3.0%) | ||||||
| Apache Corp. Ser. D, $3.00 cv. pfd. | 77,271 | 3,563,739 | ||||
| Chesapeake Energy Corp. 144A 5.75% cv. pfd. | 10,379 | 11,105,530 | ||||
| Halcon Resources Corp. cv. pfd. Ser. A, 5.75%(NON) | 8,243 | 8,332,024 | ||||
| 23,001,293 | ||||||
| Railroads (0.9%) | ||||||
| Genesee & Wyoming, Inc. $5.00 cv. pfd. | 54,578 | 6,794,415 | ||||
| 6,794,415 | ||||||
| Real estate (2.3%) | ||||||
| Alexandria Real Estate Equities, Inc. Ser. D, $1.75 cv. pfd.(R) | 274,995 | 6,977,998 | ||||
| EPR Properties Ser. C, $1.44 cv. pfd. | 245,457 | 5,591,805 | ||||
| Health Care REIT, Inc. Ser. I, $3.25 cv. pfd.(R) | 88,675 | 5,320,500 | ||||
| 17,890,303 | ||||||
| Shipping (0.7%) | ||||||
| Swift Mandatory Common Exchange Security Trust 144A 6.00% cv. pfd. | 357,750 | 5,297,848 | ||||
| 5,297,848 | ||||||
| Technology services (0.2%) | ||||||
| Unisys Corp. Ser. A, 6.25% cv. pfd. | 26,410 | 1,891,616 | ||||
| 1,891,616 | ||||||
| Telecommunications (0.5%) | ||||||
| Iridium Communications, Inc. 144A $7.00 cv. pfd. | 33,766 | 3,735,364 | ||||
| 3,735,364 | ||||||
| Total convertible preferred stocks (cost $182,358,612) | $197,475,397 | |||||
| COMMON STOCKS (3.7%)(a) | ||||||
| Shares | Value | |||||
| Actavis, Inc.(NON) | 14,620 | $1,963,027 | ||||
| Allergan, Inc. | 17,950 | 1,635,604 | ||||
| Bank of America Corp. | 135,115 | 1,972,679 | ||||
| Brazil Ethanol, Inc. 144A (Unit)(F)(NON) | 312,500 | 31 | ||||
| Celgene Corp.(NON) | 15,435 | 2,266,784 | ||||
| Citigroup, Inc. | 39,037 | 2,035,389 | ||||
| DISH Network Corp. Class A | 22,320 | 996,588 | ||||
| General Motors Co.(NON) | 152,620 | 5,474,479 | ||||
| Hartford Financial Services Group, Inc. (The) | 67,700 | 2,089,222 | ||||
| Jazz Pharmaceuticals PLC(NON) | 26,030 | 1,965,525 | ||||
| Liberty Global PLC Ser. C (United Kingdom)(NON) | 24,480 | 1,888,877 | ||||
| MetLife, Inc. | 44,855 | 2,171,879 | ||||
| PulteGroup, Inc.(NON) | 84,525 | 1,405,651 | ||||
| SanDisk Corp.(NON) | 18,965 | 1,045,351 | ||||
| United Technologies Corp. | 19,100 | 2,016,387 | ||||
| Total common stocks (cost $27,837,016) | $28,927,473 | |||||
| CORPORATE BONDS AND NOTES (0.6%)(a) | ||||||
| Principal amount | Value | |||||
| Jazz Technologies, Inc. company guaranty sr. unsec. notes 8s, 2015 | $2,857,000 | $2,657,010 | ||||
| Provident Funding Associates LP/PFG Finance Corp. 144A sr. notes 10 1/8s, 2019 | 1,840,000 | 2,051,600 | ||||
| Total corporate bonds and notes (cost $4,460,697) | $4,708,610 | |||||
| SENIOR LOANS (0.2%)(a)(c) | ||||||
| Principal amount | Value | |||||
| Alcatel-Lucent USA, Inc. bank term loan FRN Ser. C, 7 1/4s, 2018 | $1,417,875 | $1,446,676 | ||||
| Total senior loans (cost $1,427,876) | $1,446,676 | |||||
| WARRANTS (—%)(a)(NON) | ||||||
| Expiration date | Strike Price | Warrants | Value | |||
| Tower Semiconductor, Ltd. 144A (Israel)(F) | 6/30/15 | $0.01 | 1,085,630 | $— | ||
| Total warrants (cost $217,126) | $— | |||||
| SHORT-TERM INVESTMENTS (3.3%)(a) | ||||||
| Shares | Value | |||||
| Putnam Short Term Investment Fund 0.02%(AFF) | 25,732,420 | $25,732,420 | ||||
| Total short-term investments (cost $25,732,420) | $25,732,420 | |||||
| TOTAL INVESTMENTS | ||||||
| Total investments (cost $690,761,982)(b) | $764,347,976 | |||||
| Key to holding's currency abbreviations | |||
| EUR | Euro | ||
| USD / $ | United States Dollar | ||
| Key to holding's abbreviations | |||
| 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 | ||
| 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, 2012 through July 31, 2013 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codification 820 Fair Value Measurements and Disclosures, references to “Putnam Management” represent Putnam Investment Management, LLC, the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC and references to “OTC”, if any, represent over-the-counter. | ||||||
| (a) | Percentages indicated are based on net assets of $781,809,605. | |||||
| (b) | The aggregate identified cost on a tax basis is $690,781,692, resulting in gross unrealized appreciation and depreciation of $96,973,017 and $23,406,733, respectively, or net unrealized appreciation of $73,566,284. | |||||
| (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. | |||||
| (AFF) | Affiliated company. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period. Transactions during the period with Putnam Money Market Liquidity Fund and Putnam Short Term Investment Fund, which are under common ownership and control, were as follows: | |||||
| Name of affiliate | Market value at the beginning of the reporting period | Purchase cost | Sale proceeds | Investment income | Market value at the end of the reporting period | |
| Putnam Money Market Liquidity Fund * | $25,560,409 | $90,316,671 | $115,877,080 | $9,277 | $— | |
| Putnam Short Term Investment Fund * | — | 160,164,571 | 134,432,151 | 6,269 | 25,732,420 | |
| Totals | $25,560,409 | $250,481,242 | $250,309,231 | $15,546 | $25,732,420 | |
| * Management fees charged to Putnam Money Market Liquidity Fund and Putnam Short Term Investment Fund have been waived by Putnam Management. | ||||||
| (c) | Senior loans are exempt from registration under the Securities Act of 1933, as amended, but contain certain restrictions on resale and cannot be sold publicly. These loans pay interest at rates which adjust periodically. The interest rates shown for senior loans are the current interest rates at the close of the reporting period. Senior loans are also subject to mandatory and/or optional prepayment which cannot be predicted. As a result, the remaining maturity may be substantially less than the stated maturity shown. Senior loans are purchased or sold on a when-issued or delayed delivery basis and may be settled a month or more after the trade date, which from time to time can delay the actual investment of available cash balances; interest income is accrued based on the terms of the securities. | |||||
| Senior loans can be acquired through an agent, by assignment from another holder of the loan, or as a participation interest in another holder’s portion of the loan. When the fund invests in a loan or participation, the fund is subject to the risk that an intermediate participant between the fund and the borrower will fail to meet its obligations to the fund, in addition to the risk that the borrower under the loan may default on its obligations. | ||||||
| (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 under ASC 820. If no sales are reported, as in the case of some securities that are traded OTC, a security is valued at its last reported bid price and is generally categorized as a Level 2 security. | ||||||
| Investments in open-end investment companies (excluding exchange traded funds), if any, which can be classified as Level 1 or Level 2 securities, are valued based on their net asset value. The net asset value of such investment companies equals the total value of their assets less their liabilities and divided by the number of their outstanding shares. | ||||||
| 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 consider 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 would generally be classified as Level 1 securities, will be transferred to Level 2 of the fair value hierarchy when they are valued at fair value. 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 *: | ||||
| Capital goods | $2,016,387 | $— | $— | |
| Communication services | 2,885,465 | — | — | |
| Consumer cyclicals | 6,880,130 | — | — | |
| Energy | — | — | 31 | |
| Financials | 8,269,169 | — | — | |
| Health care | 7,830,940 | — | — | |
| Technology | 1,045,351 | — | — | |
| Total common stocks | 28,927,442 | — | 31 | |
| Convertible bonds and notes | — | 505,552,280 | 505,120 | |
| Convertible preferred stocks | 21,579,021 | 175,896,376 | — | |
| Corporate bonds and notes | — | 4,708,610 | — | |
| Senior loans | — | 1,446,676 | — | |
| Warrants | — | — | — | |
| Short-term investments | 25,732,420 | — | — | |
|
|
|
|
||
| Totals by level | $76,238,883 | $687,603,942 | $505,151 | |
| * Common stock classifications are presented at the sector level, which may differ from the fund's portfolio presentation. | ||||
| At the start and 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 | $— | $— | ||
|
|
|
|||
| Total | $— | $— | ||
| The average volume of activity for the reporting period for any derivative type that was held at the close of the period is listed below and was as follows: | ||||
| Warrants (number of warrants) | 1,100,000 | |||
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: September 27, 2013 |
| 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: September 27, 2013 |
| By (Signature and Title): |
| /s/ Steven D. Krichmar Steven D. Krichmar Principal Financial Officer Date: September 27, 2013 |
| 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: September 26, 2013 | |
| 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: September 26, 2013 | |
| Steven D. Krichmar | |
| Principal Financial Officer | |
Attachment A | |
Period (s) ended July 31, 2013 | |
| Putnam Managed Municipal Income Trust | |
| Putnam Municipal Opportunities Trust | |
| Putnam Multi-Cap Value 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 | |
| Putnam Multi-Cap Core Fund |