Item 1. Schedule of Investments:
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Putnam New York Investment Grade Municipal Trust
QUARTERLY PORTFOLIO HOLDINGS
7-31-04
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Putnam New York Investment Grade Municipal Trust
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The fund's portfolio
July 31, 2004 (Unaudited)
KEY TO ABBREVIATIONS
AMBAC -- AMBAC Indemnity Corporation
FGIC -- Financial Guaranty Insurance Company
FHA Insd. -- Federal Housing Administration Insured
FSA -- Financial Security Assurance
G.O. Bonds -- General Obligation Bonds
IFB -- Inverse Floating Rate Bonds
MBIA -- MBIA Insurance Company
U.S. Govt. Coll. -- U.S. Government Collateralized
Municipal bonds and notes (100.0%) (a)
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Principal amount Rating (RAT) Value
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New York (96.6%)
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$250,000 Albany, Indl. Dev. Agcy. Civic Fac. Rev.
Bonds (Charitable Leadership), Ser. A ,
6s, 7/1/19 Baa3 $264,688
500,000 Chemung Cnty., Indl. Dev. Agcy. Civic
Fac. Rev. Bonds (Arnot Ogden Med. Ctr.),
5s, 11/1/34 A3 476,875
700,000 Dutchess Cnty., Indl. Dev. Agcy. Civic
Fac. Rev. Bonds (Bard College), 5 3/4s,
8/1/30 A3 729,750
250,000 Essex Cnty., Indl. Dev. Agcy. Rev.
Bonds (Intl. Paper Co.), Ser. A, 5 1/2s,
10/1/26 Baa2 241,563
500,000 Geneva, Indl. Dev. Agcy. Rev. Bonds
(Hobart & William Smith Project), Ser.
A, 5 3/8s, 2/1/33 A 505,000
395,000 Hempstead, Indl. Dev. Agcy. Civic Fac.
Rev. Bonds (Hofstra U.), 5 1/4s, 7/1/16 A 415,244
Long Island, Pwr. Auth. NY Elec. Syst.
Rev. Bonds, Ser. A
750,000 5 1/4s, 12/1/26 A- 752,813
2,000,000 5s, 9/1/29 Aaa 1,994,997
1,000,000 Madison Cnty., Indl. Dev. Agcy. Rev.
Bonds (Colgate U.), Ser. A, 5s, 7/1/23 Aa3 1,020,000
1,000,000 Metro. Trans. Auth. Rev. Bonds, Ser. A,
FSA, 5s, 11/15/30 Aaa 1,001,250
Metro. Trans. Auth. Svc. Contract Rev.
Bonds
500,000 (Trans. Fac.), Ser. O, U.S. Govt. Coll.,
5 3/4s, 7/1/13 AAA 561,875
1,000,000 Ser. A , MBIA, 5 1/2s, 1/1/20 Aaa 1,093,750
650,000 Niagara Cnty., Indl. Dev. Agcy. Rev.
Bonds, Ser. C, 5 5/8s, 11/15/24 Baa1 679,250
NY City, G.O. Bonds
185,000 Ser. I, U.S. Govt. Coll., 6 1/4s,
4/15/17 Aaa 206,506
65,000 Ser. D, U.S. Govt. Coll., 6s, 2/15/25 Aaa 67,319
1,000,000 Ser. B, 5 3/4s, 8/1/16 A2 1,096,250
700,000 Ser. B, 5 1/2s, 12/1/31 (Prerefunded) A2 791,875
300,000 Ser. B, 5 1/2s, 12/1/31 A2 310,125
200,000 NY City, IFB, AMBAC, 10.52s, 9/1/11 Aaa 208,224
300,000 NY City, Hlth. & Hosp. Corp. Rev. Bonds
(Hlth. Syst.), Ser. A , 5 3/8s, 2/15/26 A3 302,625
750,000 NY City, Indl. Dev. Agcy. Rev. Bonds
(Brooklyn Navy Yard Cogen. Partners),
5.65s, 10/1/28 BBB- 677,813
NY City, Indl. Dev. Agcy. Civic Fac.
Rev. Bonds
600,000 (Staten Island U. Hosp.), Ser. A, 6
3/8s, 7/1/31 Ba3 556,500
250,000 (Brooklyn Polytech. U. Project J), 6
1/8s, 11/1/30 BB+ 224,063
700,000 NY City, Indl. Dev. Agcy. Special Arpt.
Fac. Rev. Bonds (Airis JFK I LLC), Ser.
A, 5 1/2s, 7/1/28 Baa3 674,625
NY City, Indl. Dev. Agcy. Special Fac.
Rev. Bonds
1,000,000 (Terminal One Group Assn.), 6s, 1/1/15 A3 1,024,950
300,000 (American Airlines, Inc.), 5.4s, 7/1/20 Caa2 179,250
300,000 (British Airways), 5 1/4s, 12/1/32 BB+ 212,250
500,000 NY City, Muni. Wtr. & Swr. Fin. Auth.
Rev. Bonds, Ser. G, FSA, 5s, 6/15/34 Aaa 500,000
300,000 NY Cntys., Tobacco Trust III Rev. Bonds,
6s, 6/1/43 BBB 266,250
1,000,000 NY Cntys., Trust II Rev. Bonds (Tobacco
Settlement), 5 3/4s, 6/1/43 BBB 846,250
NY State Dorm. Auth. Rev. Bonds
1,000,000 (State U. Edl. Fac.), Ser. A, 7 1/2s,
5/15/13 AA- 1,255,000
250,000 (Mount Sinai Hlth.), Ser. A, 6 1/2s,
7/1/25 Ba1 251,875
1,930,000 (Mental Hlth. Svcs.), Ser. A, 5 3/4s,
2/15/27 (Prerefunded) AA- 2,137,475
70,000 (Mental Hlth. Svcs.), Ser. A, 5 3/4s,
2/15/27 AA- 72,713
700,000 (Winthrop-U. Hosp. Assn.), Ser. A, 5
1/2s, 7/1/32 Baa1 705,250
870,000 (Dept. of Hlth.), 5 1/2s, 7/1/25
(Prerefunded) AA- 947,213
630,000 (Dept. of Hlth.), 5 1/2s, 7/1/25 AA- 650,475
600,000 (North Shore Long Island Jewish Group),
5 3/8s, 5/1/23 A3 607,500
1,190,000 (City U. Syst. Construction), Ser. 1, 5
1/4s, 7/1/17 AA- 1,246,525
300,000 (NY Methodist Hosp.), 5 1/4s, 7/1/17 A3 313,500
1,000,000 (School Dist. Fin. Project), Ser. A,
MBIA, 5 1/4s, 4/1/11 Aaa 1,106,250
250,000 (Lenox Hill Hosp. Oblig. Group), 5 1/4s,
7/1/08 A3 269,063
1,500,000 (NY U.), Ser. 2, AMBAC, 5s, 7/1/41 Aaa 1,486,871
1,000,000 (Dept. of Hlth.), Ser. 2, FGIC, 5s,
7/1/22 Aaa 1,032,500
1,000,000 (NY U.), Ser. B, MBIA, 5s, 7/1/11 Aaa 1,098,750
500,000 NY State Energy Res. & Dev. Auth. Fac.
Rev. Bonds, 4.7s, 6/1/36 A1 501,250
250,000 NY State Env. Fac. Corp. Rev. Bonds, 5s,
6/15/32 Aaa 250,938
155,000 NY State Env. Fac. Corp. Poll. Control
Rev. Bonds (State Wtr. Revolving Fund),
Ser. A, 7 1/2s, 6/15/12 Aaa 155,822
1,000,000 NY State Local Govt. Assistance Corp.
Rev. Bonds (Sub. Lien), Ser. A, FSA, 5s,
4/1/13 AAA 1,088,750
1,315,000 NY State Med. Care Fac. Fin. Agcy. Rev.
Bonds (Hosp. & Nursing Home Insd.
Mtge.), Ser. C, FHA Insd., 6 3/8s,
8/15/29 AAA 1,317,104
750,000 NY State Pwr. Auth. Rev. Bonds, 5s,
11/15/20 Aa2 779,063
NY State Thruway Auth. Rev. Bonds, Ser.
A, MBIA
1,000,000 5 1/4s, 4/1/13 Aaa 1,110,000
1,000,000 5 1/4s, 4/1/12 Aaa 1,110,000
1,000,000 NY State Urban Dev. Corp. Rev. Bonds
(Personal Income Tax), Ser. C-1, 5s,
3/15/33 AA 977,500
250,000 Onondaga Cnty., Indl. Dev. Agcy. Rev.
Bonds (Bristol-Meyers Squibb Co.), 5
3/4s, 3/1/24 A+ 266,563
1,000,000 Port Auth. NY & NJ Cons. Rev. Bonds,
Ser. 124, 5s, 8/1/31 AA- 955,000
1,000,000 Port Auth. NY & NJ Special Obligation
IFB, Ser. N18, MBIA, 14.88s, 12/1/17
(acquired 7/19/00, cost $1,046,890)
(RES) Aaa 1,241,250
500,000 Suffolk Cnty., Indl. Dev. Agcy. Civic
Fac. Rev. Bonds (Huntington Hosp.), Ser.
B, 5 7/8s, 11/1/32 Baa1 508,750
1,000,000 Tobacco Settlement Fin. Auth. Rev.
Bonds, Ser. A-1, 5 1/2s, 6/1/18 AA- 1,068,750
Triborough Bridge & Tunnel Auth. Rev.
Bonds
1,000,000 Ser. A, 5s, 1/1/32 Aa3 990,000
1,000,000 AMBAC, 5s, 11/15/12 Aaa 1,096,250
250,000 Yonkers, Indl. Dev. Agcy. Civic Fac.
Rev. Bonds (St. John's Riverside Hosp.),
Ser. A, 7 1/8s, 7/1/31 BB 253,125
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44,733,005
Puerto Rico (3.4%)
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750,000 Children's Trust Fund Tobacco Settlement
Rev. Bonds, 5 1/2s, 5/15/39 BBB 630,938
700,000 PR Elec. Pwr. Auth. Rev. Bonds, Ser. II,
5 1/4s, 7/1/31 A- 705,250
250,000 PR Indl. Tourist Edl. Med. & Env.
Control Fac. Rev. Bonds (Cogen.
Fac.-AES), 6 5/8s, 6/1/26 Baa3 259,688
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1,595,876
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Total Investments (cost $45,275,224) (b) $46,328,881
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NOTES
(a) Percentages indicated are based on portfolio market value.
(b) The aggregate identified cost on a tax basis is $45,285,651,
resulting in gross unrealized appreciation and depreciation of $1,737,575
and $694,345, respectively, or net unrealized appreciation of $1,043,230.
(RAT) The Moody's or Standard & Poor's ratings indicated are believed to
be the most recent ratings available at July 31, 2004 for the securities
listed. Ratings are generally ascribed to securities at the time of
issuance. While the agencies may from time to time revise such ratings,
they undertake no obligation to do so, and the ratings do not necessarily
represent what the agencies would ascribe to these securities at July 31,
2004. Securities rated by Putnam are indicated by "/P".
(RES) Restricted, excluding 144A securities, as to public resale. The
total market value of restricted securities held at July 31, 2004 was
$1,241,250 or 2.7% of portfolio market value.
The rates shown on IFB's, which are securities paying interest rates that
vary inversely to changes in the market interest rates, are the current
interest rates at July 31, 2004.
The fund had the following industry group concentrations greater than 10%
at July 31, 2004 (as a percentage of portfolio market value):
Transportation 20.7%
Health care 19.2
Utilities 12.2
The fund had the following insurance concentration greater than 10% at
July 31, 2004 (as a percentage of portfolio market value):
MBIA 14.6%
Security valuation Tax-exempt bonds and notes are valued at fair value on
the basis of valuations provided by an independent pricing service,
approved by the Trustees. Such services use information with respect to
transactions in bonds, quotations from bond dealers, market transactions
in comparable securities and various relationships between securities in
determining value. Other investments, including restricted securities,
are valued at fair value following procedures approved by the Trustees.
Such valuations and procedures are reviewed periodically by the Trustees.
For additional information regarding the fund please see the
fund's most recent annual or semi-annual shareholder report filed
on the Securities and Exchange Commission's Web site,
www.sec.gov., or visit Putnam Individual Investor Website at
www.putnaminvestments.com.
Item 2. Controls and Procedures:
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(a) The registrant's principal executive officer and principal
financial officer have concluded, based on their evaluation of the
effectiveness of the design and operation of the registrant's
disclosure controls and procedures as of a date within 90 days of
the filing date of this report, that the design and operation of
such procedures are generally effective to provide reasonable
assurance that information required to be disclosed by the registrant
in this report is recorded, processed, summarized and reported within
the time periods specified in the Commission's rules and forms.
(b) Changes in internal control over financial reporting:
Not applicable
Item 3. Exhibits:
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A separate certification for each principal executive officer and
principal financial officer of the registrant as required by Rule 30a-2
under the Investment Company Act of 1940, as amended, are filed herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, the registrant has duly
caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
NAME OF REGISTRANT
By (Signature and Title): /s/ Michael T. Healy
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Michael T. Healy
Principal Accounting Officer
Date: September 28, 2004
Pursuant to the requirements of the Securities Exchange Act of 1934
and the Investment Company Act of 1940, this report has been signed
below by the following persons on behalf of the registrant and in
the capacities and on the dates indicated.
By (Signature and Title): /s/ Charles E. Porter
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Charles E. Porter
Principal Executive Officer
Date: September 28, 2004
By (Signature and Title): /s/ Steven D. Krichmar
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Steven D. Krichmar
Principal Financial Officer
Date: September 28, 2004