0000928816-11-001364.txt : 20110929 0000928816-11-001364.hdr.sgml : 20110929 20110929130438 ACCESSION NUMBER: 0000928816-11-001364 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110731 FILED AS OF DATE: 20110929 DATE AS OF CHANGE: 20110929 EFFECTIVENESS DATE: 20110929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PUTNAM FUND FOR GROWTH & INCOME CENTRAL INDEX KEY: 0000081260 IRS NUMBER: 046013678 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00781 FILM NUMBER: 111113993 BUSINESS ADDRESS: STREET 1: ONE POST OFFICE SQ STREET 2: MAIKLSTOP A 14 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 6172921000 FORMER COMPANY: FORMER CONFORMED NAME: PUTNAM GROWTH FUND DATE OF NAME CHANGE: 19841025 0000081260 S000005660 PUTNAM FUND FOR GROWTH & INCOME C000015486 Class A Shares PGRWX C000015487 Class B Shares PGIBX C000015488 Class C Shares PGRIX C000015489 Class M Shares PGRMX C000015490 Class R Shares PGCRX C000015491 Class Y Shares PGIYX N-Q 1 a_fundforgrowthandinc.htm THE PUTNAM FUND FOR GROWTH AND INCOME a_fundforgrowthandinc.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY



Investment Company Act file number: (811-00781)
Exact name of registrant as specified in charter: The Putnam Fund for Growth and Income
Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109
Name and address of agent for service: Beth S. Mazor, Vice President
One Post Office Square
Boston, Massachusetts 02109
Copy to:         John W. Gerstmayr, Esq.
Ropes & Gray LLP
800 Boylston Street
Boston, Massachusetts 02199-3600
Registrant’s telephone number, including area code: (617) 292-1000
Date of fiscal year end: October 31, 2011
Date of reporting period: July 31, 2011



Item 1. Schedule of Investments:













The Putnam Fund for Growth and Income

The fund's portfolio
7/31/11 (Unaudited)
COMMON STOCKS (98.5%)(a)
Shares Value
Aerospace and defense (3.9%)
Embraer SA ADR (Brazil) 551,700 $16,286,184
General Dynamics Corp. 279,400 19,038,316
Honeywell International, Inc. 861,400 45,740,340
L-3 Communications Holdings, Inc.(S) 179,900 14,233,688
Northrop Grumman Corp.(S) 618,700 37,437,537
Precision Castparts Corp. 78,600 12,684,468
Raytheon Co. 204,400 9,142,812
Safran SA (France) 482,807 19,974,842
United Technologies Corp. 128,200 10,620,088
185,158,275
Airlines (0.5%)
Delta Air Lines, Inc.(NON) 1,541,000 12,158,490
United Continental Holdings, Inc.(NON)(S) 609,300 11,040,516
23,199,006
Automobiles (0.4%)
Ford Motor Co.(NON) 292,500 3,571,425
General Motors Co.(NON) 642,700 17,789,936
21,361,361
Beverages (0.6%)
Coca-Cola Co. (The) 108,600 7,385,886
Coca-Cola Enterprises, Inc. 743,200 20,891,352
28,277,238
Biotechnology (0.4%)
Amgen, Inc.(NON) 315,600 17,263,320
17,263,320
Building products (0.2%)
Owens Corning, Inc.(NON)(S) 213,100 7,582,098
7,582,098
Capital markets (3.6%)
Bank of New York Mellon Corp. (The) 591,500 14,852,565
Goldman Sachs Group, Inc. (The) 476,893 64,366,248
KKR & Co. LP 590,877 8,656,348
Legg Mason, Inc. 308,100 9,064,302
Morgan Stanley 1,249,000 27,790,250
State Street Corp. 1,187,800 49,258,066
173,987,779
Chemicals (2.4%)
Celanese Corp. Ser. A 153,500 8,462,455
CF Industries Holdings, Inc. 39,900 6,197,268
Dow Chemical Co. (The) 957,400 33,384,538
E.I. du Pont de Nemours & Co. 377,700 19,421,334
Huntsman Corp. 1,359,200 25,960,720
LyondellBasell Industries NV Class A (Netherlands) 493,200 19,461,672
112,887,987
Commercial banks (5.1%)
Fifth Third Bancorp 1,600,200 20,242,530
First Horizon National Corp. 1,727,900 15,533,821
PNC Financial Services Group, Inc. 547,700 29,734,633
SunTrust Banks, Inc. 591,100 14,476,039
U.S. Bancorp 1,167,100 30,414,626
Wells Fargo & Co. 4,761,579 133,038,517
243,440,166
Communications equipment (1.9%)
Cisco Systems, Inc. 4,165,057 66,515,960
Harris Corp.(S) 167,002 6,658,370
Juniper Networks, Inc.(NON) 317,700 7,431,003
Qualcomm, Inc. 228,400 12,511,752
93,117,085
Computers and peripherals (2.6%)
Apple, Inc.(NON) 93,000 36,314,640
Hewlett-Packard Co. 1,734,300 60,977,988
SanDisk Corp.(NON) 356,900 15,178,957
Seagate Technology 705,600 9,800,784
122,272,369
Construction and engineering (0.6%)
Fluor Corp. 157,000 9,974,210
KBR, Inc. 491,400 17,518,410
27,492,620
Consumer finance (0.2%)
Discover Financial Services 386,900 9,908,509
9,908,509
Diversified consumer services (0.2%)
Apollo Group, Inc. Class A(NON) 191,000 9,708,530
9,708,530
Diversified financial services (6.5%)
Bank of America Corp. 9,791,594 95,076,378
Citigroup, Inc. 2,124,180 81,441,061
JPMorgan Chase & Co. 3,331,782 134,770,582
311,288,021
Diversified telecommunication services (5.1%)
AT&T, Inc. 2,887,700 84,494,102
CenturyLink, Inc. 708,100 26,277,591
Verizon Communications, Inc.(S) 3,816,959 134,700,483
245,472,176
Electric utilities (2.1%)
American Electric Power Co., Inc. 592,948 21,856,063
Edison International 613,300 23,348,331
Entergy Corp. 308,915 20,635,522
Great Plains Energy, Inc.(S) 811,841 16,374,833
PPL Corp.(S) 613,500 17,116,650
99,331,399
Electrical equipment (0.8%)
Cooper Industries PLC 124,100 6,491,671
Emerson Electric Co.(S) 619,500 30,411,255
36,902,926
Electronic equipment, instruments, and components (0.1%)
Yokogawa Electric Corp. (Japan)(NON) 654,221 5,797,755
5,797,755
Energy equipment and services (2.8%)
Halliburton Co. 200,600 10,978,838
National Oilwell Varco, Inc. 453,300 36,522,381
Schlumberger, Ltd. 574,239 51,893,978
Transocean, Ltd. (Switzerland)(S) 379,500 23,362,020
Weatherford International, Ltd. (Switzerland)(NON) 437,895 9,598,658
132,355,875
Food and staples retail (1.0%)
CVS Caremark Corp. 687,500 24,990,625
Wal-Mart Stores, Inc.(S) 457,700 24,125,367
49,115,992
Health-care equipment and supplies (2.3%)
Baxter International, Inc.(S) 1,034,900 60,200,133
Boston Scientific Corp.(NON)(S) 1,516,087 10,855,183
Covidien PLC (Ireland) 522,872 26,556,669
Medtronic, Inc. 361,100 13,017,655
110,629,640
Health-care providers and services (2.3%)
Aetna, Inc. 1,161,000 48,169,890
CIGNA Corp. 681,300 33,908,301
Lincare Holdings, Inc.(S) 307,300 7,863,807
WellPoint, Inc. 312,115 21,083,368
111,025,366
Hotels, restaurants, and leisure (0.8%)
Carnival Corp. 313,000 10,422,900
McDonald's Corp. 116,800 10,100,864
Wyndham Worldwide Corp. 584,880 20,230,999
40,754,763
Household durables (0.5%)
D.R. Horton, Inc.(S) 607,400 7,215,912
Newell Rubbermaid, Inc. 670,600 10,407,712
Toll Brothers, Inc.(NON) 240,100 4,792,396
22,416,020
Household products (2.0%)
Colgate-Palmolive Co.(S) 115,200 9,720,576
Energizer Holdings, Inc.(NON)(S) 130,400 10,515,456
Kimberly-Clark Corp. 152,400 9,960,864
Procter & Gamble Co. (The) 1,072,400 65,941,876
96,138,772
Independent power producers and energy traders (0.4%)
AES Corp. (The)(NON) 1,612,500 19,849,875
19,849,875
Industrial conglomerates (3.8%)
General Electric Co. 7,458,720 133,585,675
Tyco International, Ltd. 1,114,542 49,363,065
182,948,740
Insurance (6.6%)
ACE, Ltd. 533,100 35,707,038
Aflac, Inc. 877,700 40,426,862
Allstate Corp. (The) 1,502,600 41,652,072
Assured Guaranty, Ltd. (Bermuda) 1,539,480 21,783,642
Chubb Corp. (The) 551,375 34,449,910
Everest Re Group, Ltd. 187,620 15,407,354
Hartford Financial Services Group, Inc. (The) 1,295,000 30,328,900
Marsh & McLennan Cos., Inc. 470,100 13,863,249
MetLife, Inc.(S) 1,172,387 48,314,068
Prudential Financial, Inc. 317,900 18,654,372
XL Group PLC 802,600 16,469,352
317,056,819
IT Services (0.6%)
IBM Corp.(S) 97,000 17,639,450
Unisys Corp.(NON) 587,812 12,208,855
29,848,305
Leisure equipment and products (0.3%)
Hasbro, Inc. 356,800 14,115,008
14,115,008
Machinery (2.4%)
Deere & Co. 168,700 13,244,637
Eaton Corp. 145,000 6,952,750
Illinois Tool Works, Inc.(S) 350,400 17,449,920
Ingersoll-Rand PLC 938,100 35,103,702
Lonking Holdings, Ltd. (China)(S) 7,626,000 3,874,617
Parker Hannifin Corp. 483,100 38,174,562
114,800,188
Media (4.8%)
Comcast Corp. Class A 2,494,700 59,922,694
DIRECTV Class A(NON) 346,725 17,572,023
DISH Network Corp. Class A(NON) 672,600 19,929,138
Interpublic Group of Companies, Inc. (The) 1,426,900 13,997,889
News Corp. Class A 879,400 14,087,988
Time Warner Cable, Inc.(S) 225,080 16,500,615
Time Warner, Inc. 1,304,200 45,855,672
Viacom, Inc. Class B 344,800 16,695,216
Walt Disney Co. (The)(S) 619,200 23,913,504
228,474,739
Metals and mining (1.5%)
Alcoa, Inc.(S) 311,600 4,589,868
Freeport-McMoRan Copper & Gold, Inc. Class B (Indonesia) 666,538 35,299,852
Newmont Mining Corp. 137,100 7,624,131
Nucor Corp. 356,900 13,879,841
Steel Dynamics, Inc.(S) 589,600 9,209,552
70,603,244
Multiline retail (0.5%)
Target Corp. 436,200 22,459,938
22,459,938
Multi-utilities (1.2%)
Ameren Corp. 865,000 24,929,300
CMS Energy Corp. 403,800 7,728,732
PG&E Corp. 614,400 25,454,592
58,112,624
Oil, gas, and consumable fuels (12.3%)
Apache Corp. 467,522 57,841,822
BP PLC ADR (United Kingdom) 430,368 19,555,922
Chevron Corp. 1,139,500 118,530,791
ConocoPhillips 432,300 31,121,277
CONSOL Energy, Inc. 368,600 19,756,960
Exxon Mobil Corp. 1,277,192 101,907,150
Hess Corp. 271,100 18,586,616
Newfield Exploration Co.(NON) 345,300 23,280,126
Nexen, Inc. (Canada)(S) 666,000 15,517,800
Noble Energy, Inc. 381,100 37,988,048
Nordic American Tanker Shipping (Norway)(S) 179,100 3,667,968
Occidental Petroleum Corp. 706,414 69,355,727
Petroleo Brasileiro SA ADR (Brazil)(S) 430,900 14,637,673
Royal Dutch Shell PLC ADR (United Kingdom)(S) 272,101 20,015,750
Sunoco, Inc. 502,900 20,442,885
Total SA ADR (France)(S) 315,400 17,053,678
589,260,193
Paper and forest products (0.4%)
International Paper Co. 567,200 16,845,840
16,845,840
Personal products (0.1%)
Avon Products, Inc.(S) 276,200 7,244,726
7,244,726
Pharmaceuticals (6.9%)
Abbott Laboratories 325,600 16,709,792
Johnson & Johnson 1,473,900 95,493,981
Merck & Co., Inc. 2,413,891 82,386,100
Pfizer, Inc. 6,329,545 121,780,446
Teva Pharmaceutical Industries, Ltd. ADR (Israel) 264,700 12,345,608
328,715,927
Real estate investment trusts (REITs) (0.4%)
Chimera Investment Corp.(S) 2,049,600 6,312,768
CreXus Investment Corp. 458,800 4,821,988
MFA Financial, Inc. 949,800 7,114,002
18,248,758
Semiconductors and semiconductor equipment (2.3%)
Advanced Micro Devices, Inc.(NON)(S) 1,466,700 10,765,578
First Solar, Inc.(NON)(S) 103,800 12,272,274
Intel Corp. 1,050,500 23,457,665
KLA-Tencor Corp.(S) 364,200 14,502,444
Lam Research Corp.(NON) 495,900 20,272,392
Marvell Technology Group, Ltd.(NON) 722,500 10,707,450
MEMC Electronic Materials, Inc.(NON)(S) 968,600 7,187,012
Texas Instruments, Inc. 394,000 11,721,500
110,886,315
Software (0.7%)
Microsoft Corp. 619,300 16,968,820
Oracle Corp. 604,400 18,482,552
35,451,372
Specialty retail (2.1%)
American Eagle Outfitters, Inc.(S) 787,300 10,345,122
Bed Bath & Beyond, Inc.(NON) 137,500 8,042,375
Best Buy Co., Inc.(S) 790,400 21,815,040
Lowe's Cos., Inc. 1,658,500 35,790,430
Office Depot, Inc.(NON)(S) 3,082,700 11,652,606
OfficeMax, Inc.(NON)(S) 638,600 4,521,288
Staples, Inc. 509,100 8,176,146
100,343,007
Textiles, apparel, and luxury goods (0.3%)
Hanesbrands, Inc.(NON)(S) 398,900 12,170,439
12,170,439
Tobacco (1.6%)
Altria Group, Inc. 381,200 10,025,560
Lorillard, Inc. 178,400 18,949,648
Philip Morris International, Inc. 657,400 46,787,158
75,762,366
Wireless telecommunication services (0.4%)
Vodafone Group PLC ADR (United Kingdom) 748,800 21,041,280
21,041,280
Total common stocks (cost $4,275,630,771) $4,711,124,751

CONVERTIBLE BONDS AND NOTES (0.3%)(a)
Principal amount Value
Ford Motor Co. cv. sr. unsec. notes 4 1/4s, 2016 $6,750,000 $10,555,313
Novellus Systems, Inc. 144A cv. sr. notes 2 5/8s, 2041 3,528,000 3,374,532
Total convertible bonds and notes (cost $10,289,446) $13,929,845

SHORT-TERM INVESTMENTS (8.5%)(a)
Shares Value
Putnam Cash Collateral Pool, LLC 0.17%(d) 335,087,063 $335,087,063
Putnam Money Market Liquidity Fund 0.05%(e) 72,260,319 72,260,319
Total short-term investments (cost $407,347,382) $407,347,382

TOTAL INVESTMENTS
Total investments (cost $4,693,267,599)(b) $5,132,401,978













Key to holding's abbreviations
ADR American Depository Receipts
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, 2010 through July 31, 2011 (the reporting period).
(a) Percentages indicated are based on net assets of $4,784,849,232.
(b) The aggregate identified cost on a tax basis is $4,824,393,903, resulting in gross unrealized appreciation and depreciation of $586,970,363 and $278,962,288, respectively, or net unrealized appreciation of $308,008,075.
(NON) Non-income-producing security.
(d) The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. At the close of the reporting period, the value of securities loaned amounted to $326,811,414. The fund received cash collateral of $335,087,063 which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Investment Management, LLC (Putnam Management), the fund's manager, an indirect wholly-owned subsidiary of Putnam Investments, LLC. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged by Putnam Cash Collateral Pool, LLC. The rate quoted in the security description is the annualized 7-day yield at the close fo the reporting period.
(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 $50,771 for the reporting period. During the reporting period, cost of purchases and proceeds of sales of investments in Putnam Money Market Liquidity Fund aggregated $699,653,729 and $690,811,050, 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.
(S) Security on loan, in part or in entirety, at the close of the reporting period.
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.
ADR after the name of a foreign holding represents ownership of foreign securities on deposit with a custodian bank.
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.
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. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. 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.












Accounting Standards Codification ASC 820 Fair Value Measurements and Disclosures (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:
    Consumer discretionary $471,803,805 $— $—
    Consumer staples 256,539,094 — —
    Energy 721,616,068 — —
    Financials 1,073,930,052 — —
    Health care 567,634,253 — —
    Industrials 558,109,011 19,974,842 —
    Information technology 397,373,201 — —
    Materials 200,337,071 — —
    Telecommunication services 266,513,456 — —
    Utilities 177,293,898 — —
Total common stocks 4,691,149,909 19,974,842 —
Convertible bonds and notes — 13,929,845 $—
Short-term investments 72,260,319 335,087,063 —
Totals by level $4,763,410,228 $368,991,750 $—


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.

The Putnam Fund for Growth and Income
By (Signature and Title):
/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: September 29, 2011

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 29, 2011

By (Signature and Title):
/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: September 29, 2011

EX-99.CERT 2 b_002certifications.htm CERTIFICATION b_002certifications.htm

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 27, 2011
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 27, 2011
Steven D. Krichmar
Principal Financial Officer














Attachment A

NQ

Period (s) ended July 31, 2011
               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