UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT
COMPANIES
Investment Company Act file number 811-5349
Goldman Sachs Trust
(Exact name of registrant as specified in charter)
4900 Sears Tower, Chicago, Illinois 60606-6303
(Address of principal executive offices) (Zip code)
Howard B. Surloff, Esq. | Copies to: | |
Goldman, Sachs & Co. | Jeffrey A. Dalke, Esq. | |
One New York Plaza | Drinker Biddle & Reath LLP | |
New York, New York 10004 | One Logan Square | |
18th and Cherry Streets | ||
Philadelphia, PA 19103 | ||
(Name and address of agents for service) |
Registrant’s telephone number, including area code: (312) 655-4400
Date of fiscal year end: DECEMBER 31
Date of reporting period: JUNE 30, 2004
ITEM 1. | REPORTS TO STOCKHOLDERS. | |
The Semi-Annual Report to Stockholders is filed herewith. |
Goldman Sachs Trust | |
Financial Square Funds SM |
4 Prime Obligations Fund | |
4 Money Market Fund | |
4 Treasury Obligations Fund | |
4 Treasury Instruments Fund | |
4 Government Fund | |
4 Federal Fund | |
4 Tax-Free Money Market Fund |
SEMIANNUAL REPORT | |
June 30, 2004 |
Taxable Funds*
Financial Square Prime Obligations Fund. The Fund invests in securities of the U.S. Government, its agencies, authorities, and instrumentalities, obligations of U.S. banks, commercial paper and other high quality, short-term obligations of U.S. companies, states, municipalities and other entities and repurchase agreements.
Financial Square Money Market Fund. The Fund invests in securities of the U.S. Government, its agencies, authorities, and instrumentalities, U.S. dollar denominated obligations of U.S. banks and foreign banks, U.S. dollar denominated commercial paper and other high-quality, short-term obligations of states, municipalities and other entities, U.S. and foreign companies, and of foreign governments, and repurchase agreements.
Financial Square Treasury Obligations Fund. Rated “AAA” by Standard & Poor’s Rating Group and “Aaa” by Moody’s Investors Service, Inc., the Fund invests only in securities issued by the U.S. Treasury which are backed by the full faith and credit of the U.S. Government, and repurchase agreements relating to such securities.
Financial Square Treasury Instruments Fund. The Fund invests only in certain U.S. Treasury obligations, the interest income from which is generally exempt from state income taxation.
Financial Square Government Fund. The Fund invests, directly or indirectly, only in securities of the U.S. Government, its agencies, authorities and instrumentalities, and repurchase agreements relating to such securities.
Financial Square Federal Fund. The Fund invests only in certain securities of the U.S. Government and certain of its agencies, authorities and instrumentalities, the interest income from which is generally exempt from state income taxation.
Tax-Exempt Fund*
Financial Square Tax-Free Money Market Fund. The Fund invests in securities issued by or on behalf of states, territories and possessions of the United States, its political subdivisions, agencies, authorities, and instrumentalities, and the District of Columbia, the interest from which is exempt from federal income tax, and not an item of tax preference under the federal alternative minimum tax.
* | Past performance is no guarantee of future results. Yields will vary. An investment in any of the Financial Square Funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds. More complete information, including management fees and expenses, is included in the Financial Square Funds’ Prospectuses and/or Statement of Additional Information, or may be obtained by calling Goldman Sachs Funds at 1-800-621-2550. Goldman Sachs Financial Square FundsSM is a service mark of Goldman, Sachs & Co. |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Commercial Paper and Corporate Obligations—36.9% | ||||||||||||||
Asset Backed | ||||||||||||||
Asset Portfolio Funding Corp. | ||||||||||||||
$ | 84,408,000 | 1.08 | % | 07/13/2004 | $ | 84,377,613 | ||||||||
180,176,000 | 1.40 | 09/07/2004 | 179,699,535 | |||||||||||
Blue Ridge Asset Funding Corp. | ||||||||||||||
88,099,000 | 1.23 | 07/15/2004 | 88,056,859 | |||||||||||
225,000,000 | 1.22 | 07/19/2004 | 224,862,750 | |||||||||||
Citibank Credit Card Issuance Trust (Dakota Corp.) | ||||||||||||||
95,000,000 | 1.14 | 07/13/2004 | 94,963,900 | |||||||||||
125,000,000 | 1.11 | 07/19/2004 | 124,930,625 | |||||||||||
50,000,000 | 1.12 | 07/19/2004 | 49,972,000 | |||||||||||
150,000,000 | 1.11 | 07/20/2004 | 149,912,125 | |||||||||||
250,000,000 | 1.23 | 07/21/2004 | 249,829,167 | |||||||||||
30,000,000 | 1.23 | 07/22/2004 | 29,978,475 | |||||||||||
75,000,000 | 1.30 | 08/05/2004 | 74,905,208 | |||||||||||
CXC, Inc. | ||||||||||||||
100,000,000 | 1.23 | 08/25/2004 | 99,812,083 | |||||||||||
Discover Card Master Trust I Series 2000-A (New Castle) | ||||||||||||||
50,000,000 | 1.21 | 07/16/2004 | 49,974,791 | |||||||||||
150,000,000 | 1.23 | 07/19/2004 | 149,907,750 | |||||||||||
50,000,000 | 1.50 | 09/21/2004 | 49,829,167 | |||||||||||
Edison Asset Securitization Corp. | ||||||||||||||
56,307,000 | 1.50 | 09/20/2004 | 56,116,964 | |||||||||||
Falcon Asset Securitization Corp. | ||||||||||||||
83,005,000 | 1.08 | 07/12/2004 | 82,977,608 | |||||||||||
125,345,000 | 1.07 | 07/15/2004 | 125,292,843 | |||||||||||
90,000,000 | 1.25 | 07/19/2004 | 89,943,750 | |||||||||||
150,000,000 | 1.25 | 07/21/2004 | 149,895,833 | |||||||||||
50,000,000 | 1.09 | 07/22/2004 | 49,968,208 | |||||||||||
200,476,000 | 1.25 | 07/22/2004 | 200,329,820 | |||||||||||
84,295,000 | 1.30 | 07/26/2004 | 84,218,900 | |||||||||||
225,000,000 | 1.27 | 07/28/2004 | 224,785,688 | |||||||||||
FCAR Owner Trust Series I | ||||||||||||||
250,000,000 | 1.10 | 07/08/2004 | 249,946,528 | |||||||||||
200,000,000 | 1.15 | 08/20/2004 | 199,680,555 | |||||||||||
Ford Credit Floor Plan Master Owner Trust A Series 2002-1 | ||||||||||||||
65,000,000 | 1.10 | 07/13/2004 | 64,976,167 | |||||||||||
107,000,000 | 1.21 | 07/16/2004 | 106,946,054 | |||||||||||
75,000,000 | 1.08 | 07/19/2004 | 74,959,500 | |||||||||||
50,000,000 | 1.11 | 08/02/2004 | 49,950,667 | |||||||||||
100,000,000 | 1.23 | 08/18/2004 | 99,836,000 | |||||||||||
52,000,000 | 1.50 | 09/15/2004 | 51,835,333 | |||||||||||
51,000,000 | 1.51 | 09/21/2004 | 50,824,588 | |||||||||||
Fountain Square Commercial Funding Corp. | ||||||||||||||
100,000,000 | 1.48 | 09/14/2004 | 99,691,667 | |||||||||||
Govco, Inc. | ||||||||||||||
25,000,000 | 1.23 | 08/25/2004 | 24,953,021 | |||||||||||
140,000,000 | 1.40 | 09/10/2004 | 139,613,444 | |||||||||||
Hatteras Funding Corp. | ||||||||||||||
70,544,000 | 1.09 | 07/19/2004 | 70,505,553 | |||||||||||
43,675,000 | 1.15 | 07/21/2004 | 43,647,097 | |||||||||||
60,125,000 | 1.14 | 07/27/2004 | 60,075,497 | |||||||||||
Independence Funding LLC | ||||||||||||||
185,000,000 | 1.25 | 07/06/2004 | 184,967,882 | |||||||||||
Jupiter Securitization Corp. | ||||||||||||||
100,000,000 | 1.09 | 07/06/2004 | 99,984,861 | |||||||||||
121,259,000 | 1.10 | 07/07/2004 | 121,236,769 | |||||||||||
270,000,000 | 1.25 | 07/22/2004 | 269,803,125 | |||||||||||
110,000,000 | 1.25 | 07/23/2004 | 109,915,973 | |||||||||||
215,000,000 | 1.30 | 07/28/2004 | 214,790,375 | |||||||||||
KittyHawk Funding Corp. | ||||||||||||||
295,783,000 | 1.07 | 07/19/2004 | 295,625,229 | |||||||||||
150,287,000 | 1.25 | 07/21/2004 | 150,182,634 | |||||||||||
Park Avenue Receivables Corp. | ||||||||||||||
137,400,000 | 1.25 | 07/22/2004 | 137,299,813 | |||||||||||
174,450,000 | 1.30 | 07/28/2004 | 174,279,911 | |||||||||||
Park Granada, LLC | ||||||||||||||
100,009,000 | 1.60 | 07/01/2004 | 100,009,000 | |||||||||||
50,000,000 | 1.65 | 07/01/2004 | 50,000,000 | |||||||||||
115,105,000 | 1.14 | 07/07/2004 | 115,083,130 | |||||||||||
70,000,000 | 1.12 | 07/08/2004 | 69,984,756 | |||||||||||
110,000,000 | 1.16 | 07/08/2004 | 109,975,189 | |||||||||||
95,092,000 | 1.16 | 07/09/2004 | 95,067,487 | |||||||||||
Preferred Receivables Funding Corp. | ||||||||||||||
35,246,000 | 1.10 | 07/01/2004 | 35,246,000 | |||||||||||
100,000,000 | 1.07 | 07/02/2004 | 99,997,028 | |||||||||||
Receivables Capital Corp. | ||||||||||||||
53,038,000 | 1.06 | 07/01/2004 | 53,038,000 | |||||||||||
65,000,000 | 1.25 | 07/20/2004 | 64,957,118 | |||||||||||
163,517,000 | 1.27 | 07/20/2004 | 163,407,398 | |||||||||||
112,781,000 | 1.25 | 07/22/2004 | 112,698,764 | |||||||||||
Three Pillars Funding Corp. | ||||||||||||||
30,801,000 | 1.25 | 07/22/2004 | 30,778,541 | |||||||||||
Ticonderoga Funding LLC | ||||||||||||||
147,173,000 | 1.13 | 07/02/2004 | 147,168,381 | |||||||||||
200,167,000 | 1.20 | 07/08/2004 | 200,120,294 | |||||||||||
200,000,000 | 1.27 | 07/13/2004 | 199,915,333 | |||||||||||
150,000,000 | 1.21 | 07/14/2004 | 149,934,458 | |||||||||||
Variable Funding Capital Corp. | ||||||||||||||
90,000,000 | 1.14 | 07/21/2004 | 89,943,000 | |||||||||||
Yorktown Capital, LLC | ||||||||||||||
78,000,000 | 1.25 | 07/20/2004 | 77,948,542 | |||||||||||
Commercial Bank | ||||||||||||||
Bank of America Corp. | ||||||||||||||
61,627,000 | 1.07 | 07/19/2004 | 61,594,184 | |||||||||||
Financial Services | ||||||||||||||
General Electric Capital International Funding | ||||||||||||||
400,000,000 | 1.10 | 07/01/2004 | 400,000,000 | |||||||||||
300,000,000 | 1.11 | 07/06/2004 | 299,953,750 | |||||||||||
150,000,000 | 1.11 | 07/07/2004 | 149,972,250 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Commercial Paper and Corporate Obligations (continued) | ||||||||||||||
Security and Commodity Brokers, Dealers and Services | ||||||||||||||
Bear Stearns Companies, Inc. | ||||||||||||||
$ | 500,000,000 | 1.55 | % | 07/01/2004 | $ | 500,000,000 | ||||||||
Total Commercial Paper and Corporate Obligations | $ | 9,286,862,508 | ||||||||||||
Certificates of Deposit—5.1% | ||||||||||||||
Citibank, N.A. | ||||||||||||||
$ | 288,000,000 | 1.10 | % | 08/06/2004 | $ | 288,000,000 | ||||||||
70,000,000 | 1.23 | 08/26/2004 | 70,000,000 | |||||||||||
425,000,000 | 1.29 | 09/07/2004 | 425,000,000 | |||||||||||
Wells Fargo Bank & Co. | ||||||||||||||
490,000,000 | 1.10 | 07/08/2004 | 490,000,000 | |||||||||||
Total Certificates of Deposit | $ | 1,273,000,000 | ||||||||||||
Bank Note—0.3% | ||||||||||||||
World Savings Bank, FSB | ||||||||||||||
$ | 65,000,000 | 1.07 | % | 08/12/2004 | $ | 64,996,976 | ||||||||
Total Bank Note | $ | 64,996,976 | ||||||||||||
Master Demand Note—1.5% | ||||||||||||||
Bank of America Corp. | ||||||||||||||
$ | 390,000,000 | 1.60 | % | 07/01/2004 | $ | 390,000,000 | ||||||||
Total Master Demand Note | $ | 390,000,000 | ||||||||||||
U.S. Government Agency Obligations—31.3% | ||||||||||||||
Federal Home Loan Bank | ||||||||||||||
$ | 210,000,000 | 1.00 | %# | 07/03/2004 | $ | 209,867,459 | ||||||||
275,000,000 | 0.99 | # | 07/05/2004 | 274,807,785 | ||||||||||
500,000,000 | 1.07 | # | 07/19/2004 | 499,879,404 | ||||||||||
375,000,000 | 1.44 | # | 09/15/2004 | 374,933,773 | ||||||||||
400,000,000 | 1.48 | # | 09/21/2004 | 399,942,054 | ||||||||||
65,000,000 | 1.48 | 11/19/2004 | 65,000,000 | |||||||||||
28,880,000 | 1.40 | 04/01/2005 | 28,869,422 | |||||||||||
335,000,000 | 1.40 | 04/15/2005 | 334,951,948 | |||||||||||
150,000,000 | 1.33 | 05/02/2005 | 150,000,000 | |||||||||||
50,000,000 | 1.50 | 05/04/2005 | 50,000,000 | |||||||||||
Federal Home Loan Mortgage Corp. | ||||||||||||||
909,125,000 | 1.10 | # | 07/07/2004 | 909,125,000 | ||||||||||
75,000,000 | 1.36 | 08/06/2004 | 74,998,694 | |||||||||||
245,000,000 | 1.14 | # | 08/07/2004 | 245,000,000 | ||||||||||
31,200,000 | 4.50 | 08/15/2004 | 31,329,147 | |||||||||||
275,615,000 | 1.37 | # | 09/09/2004 | 275,689,443 | ||||||||||
116,922,000 | 1.24 | 10/07/2004 | 116,528,915 | |||||||||||
225,000,000 | 1.51 | 12/07/2004 | 224,993,753 | |||||||||||
64,685,000 | 1.24 | 01/11/2005 | 64,252,761 | |||||||||||
50,000,000 | 1.35 | 01/11/2005 | 49,637,597 | |||||||||||
Federal National Mortgage Association | ||||||||||||||
200,000,000 | 0.98 | # | 07/03/2004 | 199,835,912 | ||||||||||
150,000,000 | 1.20 | # | 07/18/2004 | 150,000,000 | ||||||||||
100,000,000 | 1.07 | # | 07/28/2004 | 99,980,580 | ||||||||||
400,000,000 | 1.21 | # | 07/29/2004 | 399,647,457 | ||||||||||
145,000,000 | 1.10 | # | 08/11/2004 | 144,973,141 | ||||||||||
105,000,000 | 6.50 | 08/15/2004 | 105,687,578 | |||||||||||
39,547,000 | 1.38 | 08/20/2004 | 39,471,476 | |||||||||||
330,000,000 | 1.23 | # | 09/06/2004 | 329,764,802 | ||||||||||
350,000,000 | 1.43 | # | 09/15/2004 | 349,960,570 | ||||||||||
100,000,000 | 1.24 | 09/17/2004 | 99,732,417 | |||||||||||
190,750,000 | 1.49 | # | 09/23/2004 | 190,735,558 | ||||||||||
50,000,000 | 1.25 | 10/15/2004 | 49,815,972 | |||||||||||
125,000,000 | 1.27 | 11/12/2004 | 124,409,097 | |||||||||||
100,521,000 | 1.17 | 12/01/2004 | 100,023,295 | |||||||||||
192,400,000 | 1.10 | 12/16/2004 | 191,412,347 | |||||||||||
295,000,000 | 1.16 | 12/16/2004 | 293,403,066 | |||||||||||
80,964,000 | 1.14 | 01/07/2005 | 80,476,867 | |||||||||||
50,000,000 | 1.24 | 01/07/2005 | 49,674,097 | |||||||||||
52,000,000 | 1.30 | 01/07/2005 | 51,643,222 | �� | ||||||||||
192,131,000 | 1.31 | 01/07/2005 | 190,802,628 | |||||||||||
146,048,000 | 1.35 | 03/04/2005 | 144,700,707 | |||||||||||
75,000,000 | 1.36 | 04/01/2005 | 74,223,667 | |||||||||||
50,000,000 | 1.36 | 05/03/2005 | 49,998,043 | |||||||||||
Total U.S. Government Agency Obligations | $ | 7,890,179,654 | ||||||||||||
Variable Rate Obligations#—12.8% | ||||||||||||||
AIG FP Matched Funding | ||||||||||||||
$ | 110,000,000 | 1.10 | % | 07/20/2004 | $ | 109,984,030 | ||||||||
Allstate Life Global Funding II | ||||||||||||||
50,000,000 | 1.28 | 07/15/2004 | 50,000,000 | |||||||||||
70,000,000 | 1.27 | 07/16/2004 | 70,000,000 | |||||||||||
American Express Centurion Bank | ||||||||||||||
100,000,000 | 1.20 | 07/15/2004 | 99,984,061 | |||||||||||
100,000,000 | 1.24 | 07/22/2004 | 100,000,000 | |||||||||||
100,000,000 | 1.27 | 07/26/2004 | 99,997,145 | |||||||||||
150,000,000 | 1.28 | 07/26/2004 | 150,000,000 | |||||||||||
100,000,000 | 1.28 | 07/28/2004 | 99,981,678 | |||||||||||
American Express Credit Corp. | ||||||||||||||
70,000,000 | 1.20 | 07/05/2004 | 70,000,000 | |||||||||||
BellSouth Telecommunications, Inc. | ||||||||||||||
200,000,000 | 1.40 | 09/07/2004 | 200,000,000 | |||||||||||
Citigroup Global Markets Holdings, Inc. | ||||||||||||||
50,000,000 | 1.72 | 09/20/2004 | 50,024,656 | |||||||||||
Citigroup, Inc. | ||||||||||||||
54,500,000 | 1.25 | 08/09/2004 | 54,534,689 | |||||||||||
General Electric Capital Corp. | ||||||||||||||
65,000,000 | 1.76 | 07/01/2004 | 65,033,514 | |||||||||||
155,000,000 | 1.25 | 07/09/2004 | 155,000,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Variable Rate Obligations (continued) | ||||||||||||||
Hartford Life Insurance Co.† | ||||||||||||||
$ | 100,000,000 | 1.24 | % | 07/01/2004 | $ | 100,000,000 | ||||||||
M & I Marshall & IIsley Bank | ||||||||||||||
68,000,000 | 1.05 | 07/02/2004 | 67,995,345 | |||||||||||
Merrill Lynch & Co., Inc. | ||||||||||||||
125,000,000 | 1.13 | 07/06/2004 | 125,000,000 | |||||||||||
58,700,000 | 1.46 | 07/13/2004 | 58,820,021 | |||||||||||
150,000,000 | 1.45 | 07/21/2004 | 150,301,445 | |||||||||||
Metropolitan Life Global Funding I | ||||||||||||||
85,000,000 | 1.36 | 07/28/2004 | 85,000,000 | |||||||||||
Monumental Life Insurance Co.† | ||||||||||||||
120,000,000 | 1.26 | 07/01/2004 | 120,000,000 | |||||||||||
55,000,000 | 1.28 | 07/01/2004 | 55,000,000 | |||||||||||
Morgan Stanley | ||||||||||||||
350,000,000 | 1.58 | 07/01/2004 | 350,000,000 | |||||||||||
25,000,000 | 1.13 | 07/06/2004 | 25,000,000 | |||||||||||
150,000,000 | 1.33 | 07/27/2004 | 150,000,000 | |||||||||||
New York Life Insurance Co.† | ||||||||||||||
75,000,000 | 1.18 | 07/01/2004 | 75,000,000 | |||||||||||
225,000,000 | 1.64 | 07/01/2004 | 225,000,000 | |||||||||||
Pacific Life Global Funding | ||||||||||||||
100,000,000 | 1.12 | 07/06/2004 | 100,000,000 | |||||||||||
Travelers Insurance Co.† | ||||||||||||||
150,000,000 | 1.25 | 07/31/2004 | 150,000,000 | |||||||||||
U.S. Bank N.A. | ||||||||||||||
25,000,000 | 1.25 | 07/30/2004 | 24,993,420 | |||||||||||
Total Variable Rate Obligations | $ | 3,236,650,004 | ||||||||||||
Time Deposits—2.3% | ||||||||||||||
Chase Manhattan Bank, N.A. | ||||||||||||||
$ | 72,000,000 | 1.25 | % | 07/01/2004 | $ | 72,000,000 | ||||||||
Regions Bank | ||||||||||||||
300,000,000 | 1.38 | 07/01/2004 | 300,000,000 | |||||||||||
U.S. Bank, N.A. | ||||||||||||||
200,000,000 | 1.31 | 07/01/2004 | 200,000,000 | |||||||||||
Total Time Deposits | $ | 572,000,000 | ||||||||||||
Total Investments before Repurchase Agreements | $ | 22,713,689,142 | ||||||||||||
Repurchase Agreements—Unaffiliated Issuers^*—9.0% | ||||||||||||||
Joint Repurchase Agreement Account I | ||||||||||||||
$ | 264,400,000 | 1.29 | % | 07/01/2004 | $ | 264,400,000 | ||||||||
Maturity Value: $264,409,467 | ||||||||||||||
Joint Repurchase Agreement Account II | ||||||||||||||
1,750,000,000 | 1.55 | 07/01/2004 | 1,750,000,000 | |||||||||||
Maturity Value: $1,750,075,104 | ||||||||||||||
UBS LLC | ||||||||||||||
250,000,000 | 1.55 | 07/01/2004 | 250,000,000 | |||||||||||
Maturity Value: $250,010,764 | ||||||||||||||
Total Repurchase Agreements—Unaffiliated Issuers | $ | 2,264,400,000 | ||||||||||||
Repurchase Agreements—Affiliated Issuers^*—0.8% | ||||||||||||||
Goldman, Sachs & Co. | ||||||||||||||
$ | 200,000,000 | 1.55 | % | 07/01/2004 | $ | 200,000,000 | ||||||||
Maturity Value: $200,008,611 | ||||||||||||||
Total Repurchase Agreements—Affiliated Issuers | $ | 200,000,000 | ||||||||||||
Total Investments—100.0% | $ | 25,178,089,142 | ||||||||||||
# | Variable or floating rate security index is based on either federal funds or LIBOR lending rate. | |
^ | At June 30, 2004, these agreements were fully collateralized by U.S. Treasury or Federal Agency obligations. | |
* | Unless noted, all repurchase agreements were entered into on June 30, 2004. | |
† | Insurance company issued short-term funding agreement. |
Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices.
Maturity dates represent either the stated date on the security or the next interest reset date for floating rate securities.
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Commercial Paper and Corporate Obligations—26.8% | ||||||||||||||
Asset Backed | ||||||||||||||
Atlantic Asset Securitization Corp. | ||||||||||||||
$ | 91,295,000 | 1.26 | % | 07/22/2004 | $ | 91,227,898 | ||||||||
Atlantis One Funding Corp. | ||||||||||||||
50,000,000 | 1.07 | 07/20/2004 | 49,971,764 | |||||||||||
Blue Ridge Asset Funding Corp. | ||||||||||||||
125,000,000 | 1.22 | 07/19/2004 | 124,923,750 | |||||||||||
Falcon Asset Securitization Corp. | ||||||||||||||
110,000,000 | 1.26 | 07/15/2004 | 109,946,100 | |||||||||||
FCAR Owner Trust Series I | ||||||||||||||
105,000,000 | 1.11 | 08/03/2004 | 104,893,162 | |||||||||||
90,000,000 | 1.48 | 09/15/2004 | 89,718,800 | |||||||||||
Ford Credit Floor Plan Master Owner Trust (Motown) | ||||||||||||||
115,000,000 | 1.23 | 08/18/2004 | 114,811,400 | |||||||||||
100,000,000 | 1.52 | 09/22/2004 | 99,649,556 | |||||||||||
Govco, Inc. | ||||||||||||||
122,000,000 | 1.50 | 09/13/2004 | 121,623,833 | |||||||||||
30,000,000 | 1.50 | 09/14/2004 | 29,906,250 | |||||||||||
Liberty Street Funding Corp. | ||||||||||||||
85,000,000 | 1.24 | 07/09/2004 | 84,976,578 | |||||||||||
Nieuw Amsterdam Receivables Corp. | ||||||||||||||
150,000,000 | 1.28 | 07/26/2004 | 149,866,667 | |||||||||||
Old Line Funding Corp. | ||||||||||||||
59,323,000 | 1.27 | 07/28/2004 | 59,266,495 | |||||||||||
Sheffield Receivables Corp. | ||||||||||||||
160,000,000 | 1.25 | 07/20/2004 | 159,894,444 | |||||||||||
Thames Asset Global Securitization I | ||||||||||||||
50,000,000 | 1.23 | 07/19/2004 | 49,969,250 | |||||||||||
99,286,000 | 1.23 | 08/18/2004 | 99,123,171 | |||||||||||
Thunder Bay Funding, Inc. | ||||||||||||||
38,106,000 | 1.10 | 07/07/2004 | 38,099,014 | |||||||||||
Ticonderoga Funding LLC | ||||||||||||||
133,645,000 | 1.27 | 07/13/2004 | 133,588,424 | |||||||||||
Tulip Funding Corp. | ||||||||||||||
150,000,000 | 1.08 | 07/01/2004 | 150,000,000 | |||||||||||
74,506,000 | 1.24 | 08/25/2004 | 74,364,852 | |||||||||||
Asset-Backed-Special Purpose Finance Companies | ||||||||||||||
Citibank Credit Card Issuance Trust (Dakota Corp.) | ||||||||||||||
115,000,000 | 1.22 | 07/20/2004 | 114,925,953 | |||||||||||
Scaldis Capital LLC | ||||||||||||||
70,458,000 | 1.19 | 08/18/2004 | 70,346,206 | |||||||||||
Commercial Banks | ||||||||||||||
Norddeutsche Landesbank Girozentrale | ||||||||||||||
50,000,000 | 1.41 | 09/10/2004 | 49,860,959 | |||||||||||
Svenska Handlesbanken, Inc. | ||||||||||||||
50,000,000 | 1.40 | 09/13/2004 | 49,856,111 | |||||||||||
Transportation Services | ||||||||||||||
Network Rail Finance PLC | ||||||||||||||
50,000,000 | 1.10 | 07/30/2004 | 49,955,896 | |||||||||||
78,000,000 | 1.50 | 09/23/2004 | 77,727,000 | |||||||||||
50,000,000 | 1.30 | 11/04/2004 | 49,772,937 | |||||||||||
Total Commercial Paper and Corporate Obligations | $ | 2,398,266,470 | ||||||||||||
Medium-Term Note-Eurodollar#—0.4% | ||||||||||||||
Bank Of Western Australia Ltd. | ||||||||||||||
$ | 34,400,000 | 1.30 | % | 07/26/2004 | $ | 34,424,649 | ||||||||
Total Medium-Term Note-Eurodollar | $ | 34,424,649 | ||||||||||||
Certificates of Deposit-Eurodollar—13.9% | ||||||||||||||
Alliance & Leicester PLC | ||||||||||||||
$ | 25,000,000 | 1.12 | % | 07/14/2004 | $ | 25,000,045 | ||||||||
45,000,000 | 1.53 | 12/02/2004 | 45,000,948 | |||||||||||
30,000,000 | 1.56 | 12/07/2004 | 30,001,303 | |||||||||||
25,000,000 | 1.40 | 01/13/2005 | 25,000,671 | |||||||||||
27,000,000 | 1.42 | 02/02/2005 | 27,001,597 | |||||||||||
Barclays Bank PLC | ||||||||||||||
150,000,000 | 1.10 | 07/22/2004 | 150,000,435 | |||||||||||
DePfa-Bank Europe PLC | ||||||||||||||
50,000,000 | 1.10 | 07/23/2004 | 50,000,000 | |||||||||||
100,000,000 | 1.10 | 08/26/2004 | 100,000,000 | |||||||||||
HBOS Treasury Services PLC | ||||||||||||||
50,000,000 | 1.12 | 08/10/2004 | 50,001,101 | |||||||||||
ING Bank NV | ||||||||||||||
100,000,000 | 1.10 | 07/23/2004 | 100,000,000 | |||||||||||
KBC Bank NV | ||||||||||||||
80,000,000 | 1.26 | 07/16/2004 | 80,000,333 | |||||||||||
Landesbank Baden-Wuerttemberg | ||||||||||||||
50,000,000 | 1.19 | 10/20/2004 | 50,001,532 | |||||||||||
40,000,000 | 1.13 | 12/29/2004 | 40,001,994 | |||||||||||
Landesbank Hessen-Thueringen Girozentrale | ||||||||||||||
80,000,000 | 1.31 | 10/18/2004 | 79,966,529 | |||||||||||
50,000,000 | 1.51 | 11/19/2004 | 50,000,000 | |||||||||||
39,000,000 | 1.51 | 11/30/2004 | 39,000,000 | |||||||||||
50,000,000 | 1.21 | 12/31/2004 | 50,019,937 | |||||||||||
Unicredito Italiano SpA | ||||||||||||||
200,000,000 | 1.10 | 07/14/2004 | 200,000,359 | |||||||||||
50,000,000 | 1.10 | 07/15/2004 | 50,000,097 | |||||||||||
Total Certificates of Deposit-Eurodollar | $ | 1,240,996,881 | ||||||||||||
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Certificates of Deposit-Yankeedollar—5.9% | ||||||||||||||
Bayerische Landesbank Girozentrale | ||||||||||||||
$ | 25,000,000 | 1.49 | % | 05/06/2005 | $ | 24,996,833 | ||||||||
HSH Nordbank AG | ||||||||||||||
55,000,000 | 1.38 | 01/31/2005 | 54,999,194 | |||||||||||
Landesbank Hessen-Thueringen Girozentrale | ||||||||||||||
25,000,000 | 1.40 | 02/02/2005 | 24,997,782 | |||||||||||
Royal Bank Canada | ||||||||||||||
30,000,000 | 1.40 | 02/08/2005 | 30,000,000 | |||||||||||
Toronto-Dominion Bank | ||||||||||||||
50,000,000 | 1.06 | 07/20/2004 | 50,000,000 | |||||||||||
65,000,000 | 1.14 | 12/29/2004 | 65,000,000 | |||||||||||
UBS AG | ||||||||||||||
40,000,000 | 1.11 | 09/21/2004 | 40,000,000 | |||||||||||
Westdeutsche Landesbank Girozentrale | ||||||||||||||
140,000,000 | 1.16 | 07/06/2004 | 140,000,953 | |||||||||||
50,000,000 | 1.42 | 09/02/2004 | 50,000,000 | |||||||||||
50,000,000 | 1.25 | 09/16/2004 | 50,000,000 | |||||||||||
Total Certificates of Deposit-Yankeedollar | $ | 529,994,762 | ||||||||||||
U.S. Government Agency Obligations—11.6% | ||||||||||||||
Federal Home Loan Bank | ||||||||||||||
$ | 200,000,000 | 0.99 | %# | 07/05/2004 | $ | 199,854,729 | ||||||||
100,000,000 | 1.07# | 07/19/2004 | 99,975,881 | |||||||||||
20,000,000 | 1.40 | 04/15/2005 | 19,997,791 | |||||||||||
15,000,000 | 1.50 | 05/04/2005 | 15,000,000 | |||||||||||
Federal Home Loan Mortgage Corp. | ||||||||||||||
182,000,000 | 1.10# | 07/07/2004 | 182,000,000 | |||||||||||
25,000,000 | 1.34 | 08/12/2004 | 24,961,063 | |||||||||||
45,000,000 | 1.24 | 10/07/2004 | 44,848,712 | |||||||||||
35,000,000 | 1.35 | 03/08/2005 | 34,671,875 | |||||||||||
Federal National Mortgage Association | ||||||||||||||
170,000,000 | 0.98# | 07/03/2004 | 169,860,525 | |||||||||||
140,000,000 | 1.23# | 09/06/2004 | 139,900,219 | |||||||||||
109,872,000 | 1.30 | 11/12/2004 | 109,342,386 | |||||||||||
Total U.S. Government Agency Obligations | $ | 1,040,413,181 | ||||||||||||
Variable Rate Obligations#—29.9% | ||||||||||||||
Allstate Life Global Funding II | ||||||||||||||
$ | 30,000,000 | 1.27 | % | 07/16/2004 | $ | 30,000,000 | ||||||||
American Express Credit Corp. | ||||||||||||||
30,000,000 | 1.20 | 07/05/2004 | 30,000,000 | |||||||||||
Bank of Nova Scotia | ||||||||||||||
50,000,000 | 1.27 | 07/26/2004 | 49,999,098 | |||||||||||
Barclays Bank PLC | ||||||||||||||
50,000,000 | 1.06 | 07/06/2004 | 49,993,661 | |||||||||||
60,000,000 | 1.09 | 07/08/2004 | 59,994,227 | |||||||||||
Bayerische Landesbank Girozentrale | ||||||||||||||
105,000,000 | 1.21 | 07/20/2004 | 104,987,564 | |||||||||||
BNP Paribas SA | ||||||||||||||
160,000,000 | 1.04 | 07/01/2004 | 159,973,338 | |||||||||||
50,000,000 | 1.51 | 09/30/2004 | 49,989,484 | |||||||||||
Canadian Imperial Bank of Commerce | ||||||||||||||
75,000,000 | 1.29 | 07/27/2004 | 75,000,843 | |||||||||||
85,000,000 | 1.27 | 07/29/2004 | 84,978,854 | |||||||||||
Compass Securitization LLC | ||||||||||||||
75,000,000 | 1.11 | 07/08/2004 | 75,000,000 | |||||||||||
75,000,000 | 1.16 | 07/12/2004 | 74,999,566 | |||||||||||
Credit Agricole Indosuez | ||||||||||||||
50,000,000 | 1.05 | 07/01/2004 | 49,992,719 | |||||||||||
100,000,000 | 1.23 | 08/31/2004 | 99,982,139 | |||||||||||
DePfa-Bank Europe PLC | ||||||||||||||
50,000,000 | 1.27 | 09/15/2004 | 50,000,000 | |||||||||||
Deutsche Bank AG | ||||||||||||||
150,000,000 | 1.11 | 07/08/2004 | 150,000,000 | |||||||||||
Fairway Finance Corp. | ||||||||||||||
100,000,000 | 1.09 | 07/07/2004 | 99,998,924 | |||||||||||
General Electric Capital Corp. | ||||||||||||||
75,000,000 | 1.25 | 07/09/2004 | 75,000,000 | |||||||||||
HBOS Treasury Services PLC | ||||||||||||||
177,000,000 | 1.17 | 07/21/2004 | 177,051,351 | |||||||||||
50,000,000 | 1.32 | 07/23/2004 | 50,004,357 | |||||||||||
75,000,000 | 1.28 | 08/20/2004 | 75,000,000 | |||||||||||
HSH Nordbank AG | ||||||||||||||
50,000,000 | 1.05 | 06/30/2004 | 49,993,707 | |||||||||||
ING Bank NV | ||||||||||||||
51,000,000 | 1.23 | 08/20/2004 | 51,000,957 | |||||||||||
Landesbank Baden-Wuerttemberg | ||||||||||||||
30,000,000 | 1.15 | 07/12/2004 | 29,998,337 | |||||||||||
35,000,000 | 1.23 | 08/31/2004 | 34,994,477 | |||||||||||
Metropolitan Life Global Funding I | ||||||||||||||
40,000,000 | 1.25 | 07/15/2004 | 40,000,000 | |||||||||||
Monumental Life Insurance Co.† | ||||||||||||||
80,000,000 | 1.26 | 07/01/2004 | 80,000,000 | |||||||||||
Morgan Stanley, Inc. | ||||||||||||||
25,000,000 | 1.13 | 07/06/2004 | 25,000,000 | |||||||||||
Natexis Banque Populaires | ||||||||||||||
100,000,000 | 1.55 | 07/01/2004 | 99,999,417 | |||||||||||
Nationwide Building Society | ||||||||||||||
85,000,000 | 1.14 | 07/23/2004 | 85,000,000 | |||||||||||
50,000,000 | 1.59 | 09/28/2004 | 50,000,000 | |||||||||||
New York Life Insurance Co.† | ||||||||||||||
40,000,000 | 1.18 | 07/01/2004 | 40,000,000 | |||||||||||
25,000,000 | 1.18 | 07/01/2004 | 25,000,000 | |||||||||||
100,000,000 | 1.64 | 07/01/2004 | 100,000,000 | |||||||||||
Rabobank Nederland | ||||||||||||||
65,000,000 | 1.04 | 07/01/2004 | 64,989,386 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Variable Rate Obligations (continued) | ||||||||||||||
Societe Generale | ||||||||||||||
$ | 100,000,000 | 1.11 | % | 07/12/2004 | $ | 99,984,357 | ||||||||
75,000,000 | 1.28 | 07/30/2004 | 74,991,348 | |||||||||||
Westdeutsche Landesbank Girozentrale | ||||||||||||||
60,000,000 | 1.24 | 08/31/2004 | 59,990,068 | |||||||||||
Total Variable Rate Obligations | $ | 2,682,888,179 | ||||||||||||
Time Deposit—2.0% | ||||||||||||||
J.P. Morgan Chase & Co. | ||||||||||||||
$ | 181,600,000 | 1.25 | % | 07/01/2004 | $ | 181,600,000 | ||||||||
Total Time Deposit | $ | 181,600,000 | ||||||||||||
Total Investments before Repurchase Agreements | $ | 8,108,584,122 | ||||||||||||
Repurchase Agreements^*—9.4% | ||||||||||||||
Joint Repurchase Agreement Account I | ||||||||||||||
$ | 345,000,000 | 1.29 | % | 07/01/2004 | $ | 345,000,000 | ||||||||
Maturity Value: $345,012,353 | ||||||||||||||
Joint Repurchase Agreement Account II | ||||||||||||||
250,000,000 | 1.55 | 07/01/2004 | 250,000,000 | |||||||||||
Maturity Value: $250,010,729 | ||||||||||||||
UBS LLC | ||||||||||||||
250,000,000 | 1.55 | 07/01/2004 | 250,000,000 | |||||||||||
Maturity Value: $250,010,764 | ||||||||||||||
Total Repurchase Agreements | $ | 845,000,000 | ||||||||||||
Total Investments—99.9% | $ | 8,953,584,122 | ||||||||||||
# | Variable or floating rate security index is based on federal funds, LIBOR or Prime lending rate. | |
^ | At June 30, 2004, these agreements were fully collateralized by U.S. Treasury or Federal Agency obligations. | |
* | Unless noted, all repurchase agreements were entered into on June 30, 2004. | |
† | Insurance company issued short-term funding agreement. |
Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices.
Maturity dates represent either the stated date on the security or the next interest reset date for floating rate securities.
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
U.S. Treasury Obligations—19.9% | ||||||||||||||
United States Treasury Bills | ||||||||||||||
$ | 25,000,000 | 1.05 | % | 09/16/2004 | $ | 24,943,854 | ||||||||
40,000,000 | 1.18 | 10/28/2004 | 39,844,639 | |||||||||||
United States Treasury Notes | ||||||||||||||
138,000,000 | 6.00 | 08/16/2004 | 138,838,806 | |||||||||||
125,000,000 | 2.13 | 08/31/2004 | 125,185,640 | |||||||||||
80,000,000 | 5.88 | 11/15/2004 | 81,369,384 | |||||||||||
67,000,000 | 2.00 | 11/30/2004 | 67,175,342 | |||||||||||
150,000,000 | 1.75 | 12/31/2004 | 150,328,264 | |||||||||||
100,000,000 | 1.50 | 02/28/2005 | 100,189,615 | |||||||||||
55,000,000 | 1.63 | 05/02/2005 | 55,152,242 | |||||||||||
20,000,000 | 6.75 | 05/16/2005 | 20,906,250 | |||||||||||
Total U.S. Treasury Obligations | $ | 803,934,036 | ||||||||||||
Total Investments before Repurchase Agreements | $ | 803,934,036 | ||||||||||||
Repurchase Agreements—Unaffiliated Issuers^*—78.8% | ||||||||||||||
Joint Repurchase Agreement Account I | ||||||||||||||
$ | 2,910,300,000 | 1.29 | % | 07/01/2004 | $ | 2,910,300,000 | ||||||||
Maturity Value: $2,910,404,124 | ||||||||||||||
Lehman Brothers Holdings, Inc. | ||||||||||||||
117,700,000 | 1.25 | 07/01/2004 | 117,700,000 | |||||||||||
Maturity Value: $117,704,087 | ||||||||||||||
UBS LLC | ||||||||||||||
150,000,000 | 1.23 | 07/01/2004 | 150,000,000 | |||||||||||
Maturity Value: $150,005,125 | ||||||||||||||
Total Repurchase Agreements—Unaffiliated Issuers | $ | 3,178,000,000 | ||||||||||||
Repurchase Agreements—Affiliated Issuers^*—1.2% | ||||||||||||||
Goldman, Sachs & Co. | ||||||||||||||
$ | 50,000,000 | 1.29 | % | 07/01/2004 | $ | 50,000,000 | ||||||||
Maturity Value: $50,001,792 | ||||||||||||||
Total Repurchase Agreements—Affiliated Issuers | $ | 50,000,000 | ||||||||||||
Total Investments—99.9% | $ | 4,031,934,036 | ||||||||||||
^ | At June 30, 2004, these agreements were fully collateralized by U.S. Treasury obligations. | |
* | Unless noted, all repurchase agreements were entered into on June 30, 2004. |
Interest rates represent either the stated coupon rate or the annualized yield on date of purchase for discounted securities.
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
U.S. Treasury Obligations—162.2% | ||||||||||||||
United States Treasury Bills | ||||||||||||||
$ | 210,000,000 | 0.94 | % | 07/01/2004 | $ | 210,000,000 | ||||||||
221,400,000 | 0.95 | 07/01/2004 | 221,400,000 | |||||||||||
45,000,000 | 1.05 | 07/01/2004 | 45,000,000 | |||||||||||
6,100,000 | 1.06 | 07/08/2004 | 6,098,743 | |||||||||||
33,100,000 | 0.99 | 07/15/2004 | 33,087,321 | |||||||||||
5,700,000 | 1.00 | 07/15/2004 | 5,697,794 | |||||||||||
50,000,000 | 1.06 | 07/15/2004 | 49,979,389 | |||||||||||
100,000,000 | 0.96 | 07/22/2004 | 99,944,292 | |||||||||||
320,600,000 | 1.07 | 07/22/2004 | 320,400,269 | |||||||||||
100,000,000 | 1.14> | 07/29/2004 | 99,911,334 | |||||||||||
550,000,000 | 1.15> | 07/29/2004 | 549,509,514 | |||||||||||
100,000,000 | 1.17> | 07/29/2004 | 99,909,194 | |||||||||||
65,000,000 | 1.03 | 10/07/2004 | 64,817,747 | |||||||||||
150,000,000 | 1.09 | 10/21/2004 | 149,493,667 | |||||||||||
Total U.S. Treasury Obligations | $ | 1,955,249,264 | ||||||||||||
Total Investments—162.2% | $ | 1,955,249,264 | ||||||||||||
> | All or portion represents a forward commitment. |
Interest rates represent the annualized yield on date of purchase for discounted securities.
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
U.S. Government Agency Obligations—66.2% | ||||||||||||||
Federal Farm Credit Bank | ||||||||||||||
$ | 60,000,000 | 1.01 | %# | 07/01/2004 | $ | 59,999,457 | ||||||||
Federal Home Loan Bank | ||||||||||||||
20,000,000 | 1.00 | # | 07/03/2004 | 19,987,377 | ||||||||||
50,000,000 | 0.99 | # | 07/05/2004 | 49,960,669 | ||||||||||
50,000,000 | 1.04 | # | 07/05/2004 | 49,998,716 | ||||||||||
75,000,000 | 1.00 | # | 07/14/2004 | 74,999,465 | ||||||||||
50,000,000 | 1.07 | # | 07/19/2004 | 49,987,940 | ||||||||||
30,000,000 | 1.19 | # | 07/27/2004 | 29,997,828 | ||||||||||
17,000,000 | 1.22 | 08/04/2004 | 16,999,741 | |||||||||||
75,000,000 | 1.06 | # | 08/11/2004 | 74,997,898 | ||||||||||
60,000,000 | 1.15 | # | 08/25/2004 | 59,996,824 | ||||||||||
50,000,000 | 1.37 | 09/09/2004 | 50,000,000 | |||||||||||
20,000,000 | 1.44 | # | 09/15/2004 | 19,997,277 | ||||||||||
20,000,000 | 1.48 | # | 09/21/2004 | 19,999,671 | ||||||||||
40,000,000 | 1.51 | # | 09/30/2004 | 39,998,644 | ||||||||||
42,135,000 | 2.00 | 11/15/2004 | 42,215,550 | |||||||||||
20,000,000 | 1.40 | 04/01/2005 | 19,992,674 | |||||||||||
20,000,000 | 1.40 | 04/15/2005 | 19,997,002 | |||||||||||
Federal Home Loan Mortgage Corp. | ||||||||||||||
50,000,000 | 1.10 | # | 07/07/2004 | 50,000,000 | ||||||||||
25,000,000 | 6.25 | 07/15/2004 | 25,046,191 | |||||||||||
75,000,000 | 1.07 | 08/03/2004 | 74,926,781 | |||||||||||
10,000,000 | 1.31 | 08/12/2004 | 9,984,717 | |||||||||||
60,567,000 | 4.50 | 08/15/2004 | 60,816,640 | |||||||||||
25,000,000 | 1.37 | # | 09/09/2004 | 25,001,771 | ||||||||||
23,000,000 | 1.43 | # | 09/20/2004 | 22,992,934 | ||||||||||
35,000,000 | 1.42 | 09/21/2004 | 34,886,794 | |||||||||||
25,994,000 | 1.44 | 09/21/2004 | 25,909,036 | |||||||||||
25,000,000 | 1.51 | 12/07/2004 | 24,999,306 | |||||||||||
Federal National Mortgage Association | ||||||||||||||
25,000,000 | 0.98 | # | 07/03/2004 | 24,979,489 | ||||||||||
50,000,000 | 0.99 | # | 07/03/2004 | 49,993,668 | ||||||||||
50,000,000 | 1.12 | # | 07/15/2004 | 49,982,083 | ||||||||||
75,000,000 | 1.20 | # | 07/18/2004 | 74,992,831 | ||||||||||
50,000,000 | 1.16 | 07/23/2004 | 49,964,556 | |||||||||||
75,000,000 | 1.07 | # | 07/28/2004 | 74,986,969 | ||||||||||
118,000,000 | 1.21 | # | 07/29/2004 | 117,918,841 | ||||||||||
100,000,000 | 1.04 | # | 07/30/2004 | 99,997,985 | ||||||||||
30,000,000 | 1.08 | 08/04/2004 | 29,969,400 | |||||||||||
70,000,000 | 1.10 | # | 08/11/2004 | 69,987,033 | ||||||||||
20,000,000 | 6.50 | 08/15/2004 | 20,131,395 | |||||||||||
43,918,000 | 1.38 | 08/20/2004 | 43,833,824 | |||||||||||
100,000,000 | 1.23 | # | 09/06/2004 | 99,928,728 | ||||||||||
70,000,000 | 1.33 | 09/08/2004 | 69,822,229 | |||||||||||
33,000,000 | 1.36 | 09/08/2004 | 32,913,980 | |||||||||||
50,000,000 | 1.42 | 09/15/2004 | 49,850,111 | |||||||||||
30,000,000 | 1.44 | 09/22/2004 | 29,900,400 | |||||||||||
35,000,000 | 1.25 | 11/03/2004 | 34,848,090 | |||||||||||
40,000,000 | 1.30 | 01/07/2005 | 39,725,556 | |||||||||||
30,000,000 | 7.13 | 02/15/2005 | 31,076,546 | |||||||||||
10,000,000 | 3.88 | 03/15/2005 | 10,180,837 | |||||||||||
25,000,000 | 1.35 | 04/28/2005 | 25,000,000 | |||||||||||
Total U.S. Government Agency Obligations | $ | 2,183,675,454 | ||||||||||||
Total Investments before Repurchase Agreements | $ | 2,183,675,454 | ||||||||||||
Repurchase Agreements—Unaffiliated Issuers^*—29.2% | ||||||||||||||
Joint Repurchase Agreement Account I | ||||||||||||||
$ | 45,800,000 | 1.29 | % | 07/01/2004 | $ | 45,800,000 | ||||||||
Maturity Value: $45,801,640 | ||||||||||||||
Joint Repurchase Agreement Account II | ||||||||||||||
675,000,000 | 1.55 | 07/01/2004 | 675,000,000 | |||||||||||
Maturity Value: $675,028,969 | ||||||||||||||
Lehman Brothers Holdings, Inc. | ||||||||||||||
92,400,000 | 1.25 | 07/01/2004 | 92,400,000 | |||||||||||
Maturity Value: $92,403,208 | ||||||||||||||
UBS LLC | ||||||||||||||
50,000,000 | 1.23 | 07/01/2004 | 50,000,000 | |||||||||||
Maturity Value: $50,001,708 | ||||||||||||||
100,000,000 | 1.05 | 07/06/2004 | 100,000,000 | |||||||||||
Maturity Value: $100,262,500 | ||||||||||||||
Dated:04/07/04 | ||||||||||||||
Total Repurchase Agreements—Unaffiliated Issuers | $ | 963,200,000 | ||||||||||||
Repurchase Agreements—Affiliated Issuers^*—4.5% | ||||||||||||||
Goldman, Sachs & Co. | ||||||||||||||
$ | 150,000,000 | 1.29 | % | 07/01/2004 | $ | 150,000,000 | ||||||||
Maturity Value: $150,005,375 | ||||||||||||||
Total Repurchase Agreements—Affiliated Issuers | $ | 150,000,000 | ||||||||||||
Total Investments—99.9% | $ | 3,296,875,454 | ||||||||||||
# | Variable or floating rate security index is based on either LIBOR or Prime lending rate. | |
^ | At June 30, 2004, these agreements were fully collateralized by U.S. Treasury or Federal Agency obligations. | |
* | Unless noted, all repurchase agreements were entered into on June 30, 2004. |
Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices.
Maturity dates represent either the stated date on the security or the next interest reset date for floating rate securities.
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
U.S. Government Agency Obligations—99.8% | ||||||||||||||
Federal Farm Credit Bank | ||||||||||||||
$ | 650,000,000 | 0.98 | %† | 07/01/2004 | $ | 650,000,000 | ||||||||
70,000,000 | 1.01 | # | 07/01/2004 | 69,975,055 | ||||||||||
100,000,000 | 1.02 | # | 07/01/2004 | 99,988,214 | ||||||||||
100,000,000 | 1.05 | # | 07/01/2004 | 100,000,000 | ||||||||||
50,000,000 | 0.98 | 07/02/2004 | 49,998,639 | |||||||||||
60,000,000 | 1.00 | 07/02/2004 | 59,998,333 | |||||||||||
42,000,000 | 1.00 | # | 07/03/2004 | 41,989,465 | ||||||||||
100,000,000 | 1.02 | # | 07/03/2004 | 99,997,367 | ||||||||||
70,000,000 | 1.03 | # | 07/03/2004 | 70,000,000 | ||||||||||
50,000,000 | 1.00 | 07/06/2004 | 49,993,056 | |||||||||||
75,000,000 | 1.05 | 07/06/2004 | 74,989,062 | |||||||||||
75,000,000 | 1.06 | 07/06/2004 | 74,988,958 | |||||||||||
70,000,000 | 1.06 | 07/07/2004 | 69,987,633 | |||||||||||
125,000,000 | 1.06 | 07/08/2004 | 124,974,236 | |||||||||||
42,000,000 | 1.20 | 07/08/2004 | 41,990,200 | |||||||||||
60,000,000 | 1.06 | 07/09/2004 | 59,985,867 | |||||||||||
50,000,000 | 1.10 | 07/12/2004 | 49,983,195 | |||||||||||
30,000,000 | 1.13 | # | 07/12/2004 | 29,986,974 | ||||||||||
35,100,000 | 1.09 | 07/13/2004 | 35,087,247 | |||||||||||
50,000,000 | 1.23 | 07/14/2004 | 49,977,792 | |||||||||||
130,000,000 | 1.20 | 07/15/2004 | 129,939,333 | |||||||||||
50,000,000 | 1.22 | 07/16/2004 | 49,974,583 | |||||||||||
50,000,000 | 1.21 | # | 07/17/2004 | 49,991,447 | ||||||||||
17,200,000 | 1.22 | 07/19/2004 | 17,189,508 | |||||||||||
80,000,000 | 1.17 | # | 07/20/2004 | 79,996,466 | ||||||||||
100,000,000 | 1.22 | 07/20/2004 | 99,935,611 | |||||||||||
30,000,000 | 1.00 | 07/23/2004 | 29,981,667 | |||||||||||
110,000,000 | 1.17 | # | 07/24/2004 | 109,995,926 | ||||||||||
35,715,000 | 1.18 | # | 07/25/2004 | 35,687,191 | ||||||||||
50,000,000 | 1.23 | # | 07/25/2004 | 49,996,717 | ||||||||||
70,000,000 | 1.01 | # | 08/03/2004 | 69,999,367 | ||||||||||
70,000,000 | 1.02 | # | 08/12/2004 | 69,992,187 | ||||||||||
70,000,000 | 1.02 | # | 08/24/2004 | 69,991,957 | ||||||||||
Federal Home Loan Bank | ||||||||||||||
60,000,000 | 1.00 | # | 07/03/2004 | 59,962,131 | ||||||||||
220,000,000 | 0.99 | # | 07/05/2004 | 219,835,677 | ||||||||||
200,000,000 | 1.04 | # | 07/05/2004 | 199,994,848 | ||||||||||
25,000,000 | 0.97 | # | 07/06/2004 | 24,999,850 | ||||||||||
44,970,000 | 1.18 | 07/09/2004 | 44,958,208 | |||||||||||
142,000,000 | 1.00 | # | 07/14/2004 | 141,998,987 | ||||||||||
600,000 | 1.03 | 07/14/2004 | 599,777 | |||||||||||
20,000,000 | 1.00 | 07/16/2004 | 19,998,902 | |||||||||||
47,672,000 | 1.15 | 07/16/2004 | 47,649,157 | |||||||||||
75,000,000 | 1.07 | # | 07/19/2004 | 74,981,911 | ||||||||||
17,000,000 | 1.03 | 07/21/2004 | 16,990,272 | |||||||||||
113,800,000 | 1.19 | 07/21/2004 | 113,724,766 | |||||||||||
29,788,000 | 1.26 | 07/21/2004 | 29,767,148 | |||||||||||
16,950,000 | 1.06 | 07/23/2004 | 16,939,072 | |||||||||||
35,000,000 | 1.22 | 07/23/2004 | 34,973,906 | |||||||||||
17,032,000 | 1.25 | 07/23/2004 | 17,018,989 | |||||||||||
70,000,000 | 1.22 | # | 07/25/2004 | 69,988,525 | ||||||||||
35,000,000 | 1.21 | # | 07/27/2004 | 34,997,466 | ||||||||||
110,000,000 | 1.06 | 07/28/2004 | 109,912,963 | |||||||||||
50,000,000 | 1.27 | 07/28/2004 | 49,952,375 | |||||||||||
50,000,000 | 1.04 | 08/04/2004 | 49,950,889 | |||||||||||
100,000,000 | 1.22 | 08/04/2004 | 99,998,476 | |||||||||||
100,000,000 | 1.06 | # | 08/11/2004 | 99,997,197 | ||||||||||
9,500,000 | 4.63 | 08/13/2004 | 9,537,881 | |||||||||||
67,910,000 | 6.25 | 08/13/2004 | 68,298,249 | |||||||||||
87,500,000 | 1.14 | 08/18/2004 | 87,367,583 | |||||||||||
267,000,000 | 1.05 | 08/20/2004 | 266,610,625 | |||||||||||
22,200,000 | 1.23 | 08/20/2004 | 22,162,075 | |||||||||||
110,000,000 | 1.15 | # | 08/25/2004 | 109,994,177 | ||||||||||
75,000,000 | 1.32 | 08/25/2004 | 74,848,750 | |||||||||||
150,000,000 | 1.17 | # | 08/26/2004 | 149,921,842 | ||||||||||
54,435,000 | 1.34 | 08/27/2004 | 54,319,938 | |||||||||||
33,196,000 | 1.25 | 09/03/2004 | 33,122,231 | |||||||||||
50,000,000 | 1.30 | 09/03/2004 | 49,884,445 | |||||||||||
100,000,000 | 1.29 | 09/08/2004 | 99,752,750 | |||||||||||
50,000,000 | 1.37 | 09/09/2004 | 50,000,000 | |||||||||||
100,000,000 | 1.45 | 09/10/2004 | 99,714,028 | |||||||||||
35,000,000 | 1.42 | 09/15/2004 | 34,895,078 | |||||||||||
345,000,000 | 1.44 | # | 09/15/2004 | 344,947,923 | ||||||||||
70,000,000 | 1.42 | 09/17/2004 | 69,784,633 | |||||||||||
57,000,000 | 1.48 | # | 09/21/2004 | 56,999,058 | ||||||||||
25,000,000 | 1.42 | 09/24/2004 | 24,916,180 | |||||||||||
75,000,000 | 1.43 | 09/24/2004 | 74,746,771 | |||||||||||
170,000,000 | 1.51 | # | 09/30/2004 | 169,986,390 | ||||||||||
33,400,000 | 1.15 | 10/13/2004 | 33,289,038 | |||||||||||
70,000,000 | 1.15 | 10/15/2004 | 69,762,972 | |||||||||||
19,000,000 | 3.63 | 10/15/2004 | 19,138,426 | |||||||||||
43,000,000 | 2.00 | 11/15/2004 | 43,082,203 | |||||||||||
70,000,000 | 1.43 | 11/17/2004 | 69,613,503 | |||||||||||
50,000,000 | 1.44 | 11/19/2004 | 49,718,000 | |||||||||||
35,000,000 | 1.50 | 12/07/2004 | 35,000,000 | |||||||||||
60,000,000 | 1.73 | 12/17/2004 | 59,512,717 | |||||||||||
50,000,000 | 1.43 | 12/24/2004 | 50,000,000 | |||||||||||
30,000,000 | 4.38 | 02/15/2005 | 30,571,056 | |||||||||||
35,000,000 | 1.40 | 04/01/2005 | 34,987,180 | |||||||||||
35,000,000 | 1.40 | 04/15/2005 | 34,996,134 | |||||||||||
35,000,000 | 1.33 | 05/02/2005 | 35,000,000 | |||||||||||
30,000,000 | 4.13 | 05/13/2005 | 30,684,123 | |||||||||||
Student Loan Marketing Association | ||||||||||||||
38,000,000 | 3.38 | 07/15/2004 | 38,029,702 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
U.S. Government Agency Obligations (continued) | ||||||||||||||
Tennessee Valley Authority | ||||||||||||||
$ | 40,000,000 | 1.21 | % | 07/08/2004 | $ | 39,990,589 | ||||||||
Total U.S. Government Agency Obligations | $ | 6,970,940,995 | ||||||||||||
Total Investments—99.8% | $ | 6,970,940,995 | ||||||||||||
# | Variable or floating rate security index is based on either LIBOR or Prime lending rate. | |
† | Federal Farm Credit Bank Funding Corporation issued Master Note Purchase Agreement. |
Interest rates represent either the stated coupon rate, annualized yield on date of purchase for discounted securities, or, for floating rate securities, the current reset rate, which is based upon current interest rate indices.
Maturity dates represent either the stated date on the security or the next interest reset date for floating rate securities.
The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Alabama—2.4% | ||||||||||||||
Alabama Housing Finance Authority MF Hsg. VRDN RB Refunding for Rime Village Huntsville Series 1996 B (FNMA) (A-1+) | ||||||||||||||
$ | 11,275,000 | 1.10 | % | 07/07/2004 | $ | 11,275,000 | ||||||||
Birmingham GO VRDN Capital Improvement Series 1998 A (Regions Bank LOC) (A-1/VMIG1) | ||||||||||||||
4,420,000 | 1.08 | 07/01/2004 | 4,420,000 | |||||||||||
Birmingham GO VRDN Capital Improvement Series 2004 A (AMBAC) (SouthTrust Bank SPA) (A-1/P-1) | ||||||||||||||
18,490,000 | 1.08 | 07/01/2004 | 18,490,000 | |||||||||||
Columbia IDB VRDN PCRB Refunding for Alabama Power Co. Project Series 1995 A (A-1/VMIG1) | ||||||||||||||
19,400,000 | 1.10 | 07/01/2004 | 19,400,000 | |||||||||||
Columbia IDB VRDN PCRB Refunding for Alabama Power Co. Project Series 1995 E (A-1/VMIG1) | ||||||||||||||
13,500,000 | 1.08 | 07/01/2004 | 13,500,000 | |||||||||||
Columbia IDB VRDN PCRB Refunding for Alabama Power Co. Project Series 1996 A (A-1/VMIG1) | ||||||||||||||
7,000,000 | 1.10 | 07/01/2004 | 7,000,000 | |||||||||||
Columbia IDB VRDN PCRB Refunding for Alabama Power Co. Project Series 1999 B (A-1/VMIG1) | ||||||||||||||
15,600,000 | 1.10 | 07/01/2004 | 15,600,000 | |||||||||||
Gadsden IDA VRDN PCRB Refunding for Alabama Power Co. Project Series 1994 (A-1/VMIG1) | ||||||||||||||
6,150,000 | 1.13 | 07/01/2004 | 6,150,000 | |||||||||||
Huntsville Alabama GO VRDN Warrants Series 2002 G (Regions Bank LOC) (A-1/VMIG1) | ||||||||||||||
10,030,000 | 1.10 | 07/01/2004 | 10,030,000 | |||||||||||
Jefferson County Sewer Revenue Capital Improvement VRDN Series 2002 A (FGIC) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
35,250,000 | 1.08 | 07/01/2004 | 35,250,000 | |||||||||||
Mobile City IDRB VRDN PCRB Refunding for Alabama Power Co. Series 1993 A (A-1/VMIG1) | ||||||||||||||
5,100,000 | 1.14 | 07/01/2004 | 5,100,000 | |||||||||||
Mobile City IDRB VRDN PCRB Refunding for Alabama Power Co. Series 1994 (A-1/VMIG1) | ||||||||||||||
14,100,000 | 1.10 | 07/01/2004 | 14,100,000 | |||||||||||
Parrish IDRB VRDN PCRB Refunding for Alabama Power Co. Project Series 1994 A (A-1/VMIG1) | ||||||||||||||
14,850,000 | 1.10 | 07/01/2004 | 14,850,000 | |||||||||||
University of Alabama VRDN RB Series 1993 B (A-1+/VMIG1) | ||||||||||||||
6,800,000 | 1.07 | 07/07/2004 | 6,800,000 | |||||||||||
West Jefferson IDB VRDN PCRB Refunding for Alabama Power Co. Project Series 1998 (A-1/VMIG1) | ||||||||||||||
23,500,000 | 1.09 | 07/01/2004 | 23,500,000 | |||||||||||
$ | 205,465,000 | |||||||||||||
Alaska—1.0% | ||||||||||||||
Alaska State Housing Finance Corp. RB for State Capital Project Series 1998 A2 (AA/Aa2) | ||||||||||||||
$ | 6,485,000 | 5.00 | %> | 06/01/2005 | $ | 6,681,690 | ||||||||
Alaska State Housing Finance Corp. VRDN Series 2000 B (A-1+/VMIG1) | ||||||||||||||
33,300,000 | 1.06 | 07/07/2004 | 33,300,000 | |||||||||||
Valdez Marine Terminal VRDN RB Refunding for Exxon Pipeline Co. Project Series 1993 B (A-1+/VMIG1) | ||||||||||||||
13,100,000 | 0.98 | 07/01/2004 | 13,100,000 | |||||||||||
Valdez Marine Terminal VRDN RB Refunding for Exxon Pipeline Co. Project Series 1993 C (A-1+/VMIG1) | ||||||||||||||
30,085,000 | 0.98 | 07/01/2004 | 30,085,000 | |||||||||||
$ | 83,166,690 | |||||||||||||
Arizona—0.9% | ||||||||||||||
Arizona School District TANS Financing Program COPS Series 2003 (SP-1+/MIG1) | ||||||||||||||
$ | 40,000,000 | 1.75 | % | 07/30/2004 | $ | 40,023,571 | ||||||||
Arizona State Transportation Board Highway VRDN RB ROCS II-R-4003 (Citigroup SPA) (VMIG1) | ||||||||||||||
5,190,000 | 1.14 | 07/01/2004 | 5,190,000 | |||||||||||
Arizona State University RB P-Floats PT 2264 Series 2004 (A-1) | ||||||||||||||
7,195,000 | 1.12 | 07/08/2004 | 7,195,000 | |||||||||||
City of Phoenix Water CP (Dexia Credit Local LOC) (A-1) | ||||||||||||||
5,000,000 | 1.09 | 11/10/2004 | 5,000,000 | |||||||||||
10,000,000 | 1.10 | 12/09/2004 | 10,000,000 | |||||||||||
Salt River Agricultural Project CP Series S-B (Bank of America/ Bank One, N.A./ JP Morgan Chase & Co./ Citibank, N.A./M & I Marshall/ Wells Fargo Bank SPA) | ||||||||||||||
5,000,000 | 0.95 | 08/09/2004 | 5,000,000 | |||||||||||
9,000,000 | 0.96 | 09/13/2004 | 9,000,000 | |||||||||||
$ | 81,408,571 | |||||||||||||
California—6.2% | ||||||||||||||
California Health Facilities Financing Authority VRDN RB for Insured Hospital Adventist Series 1998 A (MBIA) (California State Teachers Retirement Plan SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 14,600,000 | 1.08 | % | 07/01/2004 | $ | 14,600,000 | ||||||||
California Health Facilities Financing Authority VRDN RB for Sisters Charity Health System Series 2003 (A-1+/VMIG1) | ||||||||||||||
28,655,000 | 1.03 | 07/07/2004 | 28,655,000 | |||||||||||
California State Economic Recovery VRDN RB Series 2004 C01 (Landesbank Baden Wurttemberg SPA) (A-1+/VMIG1) | ||||||||||||||
13,830,000 | 1.12 | 07/01/2004 | 13,830,000 | |||||||||||
California State Economic Recovery VRDN RB Series 2004 C02 (Bank of America SPA) (A-1+/VMIG1) | ||||||||||||||
12,500,000 | 1.06 | 07/01/2004 | 12,500,000 | |||||||||||
California State Economic Recovery VRDN RB Series 2004 C03 (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
36,000,000 | 1.06 | 07/01/2004 | 36,000,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
California (continued) | ||||||||||||||
California State Economic Recovery VRDN RB Series 2004 C13 (XLCA) (Depfa Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 4,000,000 | 1.03 | % | 07/07/2004 | $ | 4,000,000 | ||||||||
California Statewide Communities Development Authority VRDN RB for Kaiser Permanente Series 2003 C (HSH Nordbank AG SPA) (A-1) | ||||||||||||||
28,960,000 | 1.04 | 07/07/2004 | 28,960,000 | |||||||||||
California Statewide Communities Development Authority VRDN RB Series 2004 J (JP Morgan Chase & Co. SPA) (A-1) | ||||||||||||||
13,000,000 | 1.04 | 07/07/2004 | 13,000,000 | |||||||||||
California Statewide Communities Development Authority VRDN RB Series 2004 M (A-1) | ||||||||||||||
11,500,000 | 1.15 | 07/07/2004 | 11,500,000 | |||||||||||
California Statewide Community Development Authority CP for Kaiser Permanente Series S-K (A-1) | ||||||||||||||
18,000,000 | 1.04 | 08/09/2004 | 18,000,000 | |||||||||||
Clovis Unified School District TRANS Series 2004 (SP-1+) | ||||||||||||||
25,500,000 | 2.50> | 06/30/2005 | 25,725,165 | |||||||||||
Glendale California COPS VRDN for Police Building Project (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
5,300,000 | 1.06 | 07/01/2004 | 5,300,000 | |||||||||||
Los Angeles GO Refunding Series 2003 B (FSA) (AAA/Aaa) | ||||||||||||||
5,080,000 | 6.00 | 09/01/2004 | 5,122,948 | |||||||||||
Los Angeles Unified School District GO TRANS Series 2003 A (SP-1+/MIG1) | ||||||||||||||
18,500,000 | 2.00 | 07/01/2004 | 18,500,000 | |||||||||||
Los Angeles Unified School District GO VRDN Merlots Series 2003 (FSA) (Wachovia Bank SPA) (VMIG1) | ||||||||||||||
6,230,000 | 1.09 | 07/07/2004 | 6,230,000 | |||||||||||
Los Angeles Water & Power VRDN RB for Power Systems Subseries 2002 A-4 (Bayerische Landesbank/ BNP Paribas/ Dexia Credit/ JP Morgan Chase & Co./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
25,000,000 | 1.07 | 07/01/2004 | 25,000,000 | |||||||||||
Los Angeles Water & Power VRDN RB for Power Systems Subseries 2002 A-5 (Bayerische Landesbank/ BNP Paribas/ Dexia Credit/ JP Morgan Chase & Co/ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
36,900,000 | 1.07 | 07/01/2004 | 36,900,000 | |||||||||||
Los Angeles Water & Power VRDN RB for Power Systems Subseries 2002 A-6 (Bayerische Landesbank/ BNP Paribas/ Dexia Credit/ JP Morgan Chase & Co./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
10,000,000 | 1.06 | 07/01/2004 | 10,000,000 | |||||||||||
Los Angeles Water & Power VRDN RB Subseries 2001 B-5 (Landesbank Baden-Wurttemberg/ Bank of America/ Bayerische Landesbank/ Dexia Credit/ JP Morgan Chase & Co./ State Street Corp./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
4,000,000 | 1.06 | 07/01/2004 | 4,000,000 | |||||||||||
Los Angeles Water & Power VRDN RB Subseries 2001 B-6 (Landesbank Baden-Wurttemberg/ Bank of America/ Bayerische Landesbank/ Dexia Credit/ JP Morgan Chase & Co./ State Street Corp./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
22,550,000 | 1.08 | 07/01/2004 | 22,550,000 | |||||||||||
Los Angeles Water & Power VRDN RB Subseries 2001 B-7 (Landesbank Baden-Wurttemberg/ Bank of America/ Bayerische Landesbank/ Dexia Credit/ JP Morgan Chase & Co./ State Street Corp./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
3,050,000 | 1.06 | 07/01/2004 | 3,050,000 | |||||||||||
Los Angeles Water & Power VRDN RB Subseries 2002 A-7 (Bayerische Landesbank/ BNP Paribas/ Dexia Credit Local/ JP Morgan Chase & Co./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
11,525,000 | 1.07 | 07/01/2004 | 11,525,000 | |||||||||||
Metropolitan Water District of Southern California Waterworks VRDN RB Series 2001 C-1 (Lloyds TSB Bank SPA) (A-1+/VMIG1) | ||||||||||||||
6,200,000 | 1.10 | 07/01/2004 | 6,200,000 | |||||||||||
New Haven Unified School District GO TRANS Series 2003 (SP-1+) | ||||||||||||||
6,000,000 | 2.00 | 07/14/2004 | 6,002,323 | |||||||||||
Newport Beach VRDN RB for Hoag Memorial Hospital Series 1999 A (A-1+/VMIG1) | ||||||||||||||
12,500,000 | 1.08 | 07/07/2004 | 12,500,000 | |||||||||||
Newport Beach VRDN RB for Hoag Memorial Hospital Series 1999 B (A-1+/VMIG1) | ||||||||||||||
10,400,000 | 1.08 | 07/07/2004 | 10,400,000 | |||||||||||
Newport Beach VRDN RB for Hoag Memorial Hospital Series 1999 C (A-1+/VMIG1) | ||||||||||||||
6,000,000 | 1.08 | 07/07/2004 | 6,000,000 | |||||||||||
Sacramento County TRANS Series 2004 A (SP-1+/MIG1) | ||||||||||||||
6,900,000 | 3.00> | 07/11/2005 | 6,994,116 | |||||||||||
Southern California Public Power Authority Transmission Project VRDN RB Sub-Refunding for Southern Transmission Series 1991 (AMBAC) (Lloyds TSB Bank PLC LOC) (A-1+/VMIG1) | ||||||||||||||
140,000,000 | 1.04> | 07/07/2004 | 140,000,000 | |||||||||||
$ | 543,044,552 | |||||||||||||
Colorado—1.1% | ||||||||||||||
Adams & Arapahoe Countys School District NOO 28J Aurora GO VRDN ROCS II-R-2015 (FSA) (Citigroup SPA) (VMIG1) | ||||||||||||||
$ | 5,365,000 | 1.14 | % | 07/01/2004 | $ | 5,365,000 | ||||||||
Colorado Health Facilities Authority VRDN RB for Sisters of Charity Series 2002 (A-1+/VMIG1) | ||||||||||||||
17,200,000 | 1.05 | 07/07/2004 | 17,200,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Colorado (continued) | ||||||||||||||
Colorado Springs Utilities VRDN RB Sub Lien Series 2000 A (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 7,300,000 | 1.06 | % | 07/01/2004 | $ | 7,300,000 | ||||||||
Denver City & County VRDN COPS Refunding for Wellington Series 2003 E Web-C3 (AMBAC) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
5,000,000 | 1.06 | 07/07/2004 | 5,000,000 | |||||||||||
Moffat County VRDN PCRB Adjusted Refunding for Pacificorp Projects Series 1994 (AMBAC) (Bank One N.A. SPA) (A-1/VMIG1) | ||||||||||||||
10,055,000 | 1.08 | 07/01/2004 | 10,055,000 | |||||||||||
Northern Water Conservancy District COPS VRDN P-Floats-PT 1395 (MBIA) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
5,130,000 | 1.12 | 07/01/2004 | 5,130,000 | |||||||||||
Platte River Power Authority Electric VRDN RB Sub Lien Series 1993 S-1 (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
13,200,000 | 1.08 | 07/07/2004 | 13,200,000 | |||||||||||
Regional Transportation District CP Series 2001 A (Westdeutsche Landesbank LOC) (P-1) | ||||||||||||||
5,000,000 | 1.00 | 08/09/2004 | 5,000,000 | |||||||||||
Regional Transportation District Sales Tax VRDN RB P-Floats-PT 1413 Series 2002 (AMBAC) (Merrill Lynch SPA) (A-1) | ||||||||||||||
7,265,000 | 1.12 | 07/01/2004 | 7,265,000 | |||||||||||
Regional Transportation District Sales Tax VRDN RB P-Floats-PT 2184 Series 2004 (AMBAC) (Merrill Lynch SPA) | ||||||||||||||
17,185,000 | 1.12 | 07/01/2004 | 17,185,000 | |||||||||||
$ | 92,700,000 | |||||||||||||
Connecticut—0.1% | ||||||||||||||
Connecticut State Health & Educational Facilities Authority VRDN RB Eagle Series 20026027 Class A (Citibank SPA) (A-1+) | ||||||||||||||
$ | 8,500,000 | 1.14 | % | 07/01/2004 | $ | 8,500,000 | ||||||||
Florida—4.6% | ||||||||||||||
Broward County GO Float-PT 2138 Series 2004 (Merrill Lynch SPA) (A-1) | ||||||||||||||
$ | 7,040,000 | 1.12 | % | 07/01/2004 | $ | 7,040,000 | ||||||||
Broward County MF Hsg. VRDN RB for Island Club Apartments Series 2001 A (FHLMC) (A-1+) | ||||||||||||||
2,500,000 | 1.12 | 07/01/2004 | 2,500,000 | |||||||||||
Broward County MF Hsg. VRDN RB for Landings of Inverrary Apartments Series 1985 (FNMA) (VMIG1) | ||||||||||||||
9,600,000 | 1.11 | 07/01/2004 | 9,600,000 | |||||||||||
Broward County MF Hsg. VRDN RB for Sanctuary Apartments Project Series 1985 (FNMA) (A-1+/VMIG1) | ||||||||||||||
6,000,000 | 1.09 | 07/01/2004 | 6,000,000 | |||||||||||
Eagle Tax Exempt Trust GO VRDN Weekly Participation Certificate State of Florida Board of Education 20026006 B (MBIA)(Citibank SPA) (A-1+) | ||||||||||||||
7,880,000 | 1.14 | 07/01/2004 | 7,880,000 | |||||||||||
Florida Board of Education Eagle Tax-Exempt Trust Series 20010901 (Citibank SPA) (A-1+) | ||||||||||||||
26,850,000 | 1.14 | 07/01/2004 | 26,850,000 | |||||||||||
Florida Board of Education Eagle Tax-Exempt Trust Series 20010906 Class A COPS (FGIC) (Citibank SPA) (A-1+) | ||||||||||||||
1,500,000 | 1.14 | 07/01/2004 | 1,500,000 | |||||||||||
Florida Department of Transportation Eagle Tax-Exempt Trust Series 96C 0903 (Citibank SPA) (A-1+) | ||||||||||||||
24,750,000 | 1.14 | 07/01/2004 | 24,750,000 | |||||||||||
Florida Local Government Pooled CP Notes (Wachovia Bank N.A. LOC) (P-1) | ||||||||||||||
23,000,000 | 1.05 | 07/12/2004 | 23,000,000 | |||||||||||
5,000,000 | 1.00 | 08/12/2004 | 5,000,000 | |||||||||||
Florida State Board of Education Public Education VRDN P-Floats-PT 1465 Series 2002 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
8,530,000 | 1.12 | 07/01/2004 | 8,530,000 | |||||||||||
Florida State Board of Education VRDN RB for Lottery P-Floats-PT-2036 Series 2003 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
8,200,000 | 1.12 | 07/01/2004 | 8,200,000 | |||||||||||
Florida State Turnpike Authority VRDN RB P-Floats-PT 1944 Series 2003 (AMBAC) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
14,975,000 | 1.12 | 07/01/2004 | 14,975,000 | |||||||||||
Jackson County VRDN PCRB RB Refunding for Gulf Power Co. Project Series 1997 (A-1/VMIG1) | ||||||||||||||
1,930,000 | 1.15 | 07/01/2004 | 1,930,000 | |||||||||||
Jacksonville Electric Authority CP Series C-1 (JP Morgan Chase & Co. SPA) (A-1+) | ||||||||||||||
15,000,000 | 1.00 | 08/12/2004 | 15,000,000 | |||||||||||
Jacksonville Electric Authority CP Series 2000 A (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
24,100,000 | 1.03 | 09/09/2004 | 24,100,000 | |||||||||||
Jacksonville Electric Authority CP Series 2000 F (Landesbank Hessen-Thueringen SPA) (A-1+) | ||||||||||||||
21,500,000 | 1.05 | 10/13/2004 | 21,500,000 | |||||||||||
21,500,000 | 1.05 | 10/15/2004 | 21,500,000 | |||||||||||
Jacksonville Electric Authority CP Series 2000 S-B (Landesbank Hessen-Thueringen SPA) (A-1+) | ||||||||||||||
19,000,000 | 1.10 | 07/22/2004 | 19,000,000 | |||||||||||
7,600,000 | 1.03 | 09/09/2004 | 7,600,000 | |||||||||||
Jacksonville Electric Authority CP Series C-1 (JP Morgan Chase & Co. SPA) (A-1+) | ||||||||||||||
14,680,000 | 1.00 | 09/10/2004 | 14,680,000 | |||||||||||
Jacksonville Electric Authority VRDN RB Subordinated Electric System Series 2001 B (Bank of America SPA) (A-1+) | ||||||||||||||
43,625,000 | 1.10 | 07/01/2004 | 43,625,000 | |||||||||||
Jacksonville Health Facilities Authority Hospital VRDN RB for Baptist Medical Center Project Series 2001 (Wachovia Bank N.A. LOC) (A-1) | ||||||||||||||
17,685,000 | 1.10 | 07/01/2004 | 17,685,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Florida (continued) | ||||||||||||||
Kissimmee Utility Authority CP (Bank of Nova Scotia SPA) (P-1) | ||||||||||||||
$ | 28,000,000 | 1.09 | % | 07/07/2004 | $ | 28,000,000 | ||||||||
13,500,000 | 0.95 | 07/20/2004 | 13,500,000 | |||||||||||
Lakeland Energy Systems VRDN RB Refunding (Suntrust Bank SPA) (A-1+/VMIG1) | ||||||||||||||
24,360,000 | 1.08 | 07/07/2004 | 24,360,000 | |||||||||||
Miami Dade County School Board VRDN COPS ROCS II-R-5004 Series 2003 (VMIG1) | ||||||||||||||
6,325,000 | 1.14 | 07/01/2004 | 6,325,000 | |||||||||||
$ | 404,630,000 | |||||||||||||
Georgia—2.9% | ||||||||||||||
Albany Dougherty Payroll Development Authority VRDN PCRB for Georgia Power Co. Series 1991 (VMIG1) | ||||||||||||||
$ | 2,120,000 | 1.14 | % | 07/01/2004 | $ | 2,120,000 | ||||||||
Appling County Development Authority VRDN PCRB for Georgia Power Co. Pollution Hatch Project Series 1997 (A-1/VMIG1) | ||||||||||||||
8,700,000 | 1.10 | 07/01/2004 | 8,700,000 | |||||||||||
Atlanta Airport VRDN RB Refunding for RF-C-2 General Series 2003 (MBIA) (Wachovia Bank N.A. SPA) (A-1/VMIG1) | ||||||||||||||
15,800,000 | 1.08 | 07/01/2004 | 15,800,000 | |||||||||||
Burke County IDA VRDN PCRB for Oglethorpe Power Corp. Series 1994 A (FGIC) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
46,334,000 | 1.04 | 07/07/2004 | 46,334,000 | |||||||||||
Cobb County IDA VRDN PCRB for Georgia Power Co. Plant Project Series 1991 (VMIG1) | ||||||||||||||
8,330,000 | 1.10 | 07/01/2004 | 8,330,000 | |||||||||||
Cobb County School District GO TANS Series 2004 (MIG1) | ||||||||||||||
48,000,000 | 1.75 | 12/31/2004 | 48,180,878 | |||||||||||
Dekalb County Hospital Authority VRDN Anticipation Certificates for Dekalb Medical Center, Inc. Series 1993 B (Suntrust Bank LOC) (VMIG1) | ||||||||||||||
3,590,000 | 1.08 | 07/07/2004 | 3,590,000 | |||||||||||
Dekalb County Hospital Authority VRDN Anticipation Certificates for Dekalb Medical Center, Inc. Series 2003 B (FSA) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
26,355,000 | 1.09 | 07/01/2004 | 26,355,000 | |||||||||||
Dekalb Private Hospital Authority VRDN RB Anticipation Certificates for Children’s Health Care System Project Series 1998 B (Suntrust Bank LOC) (VMIG1) | ||||||||||||||
10,970,000 | 1.05 | 07/07/2004 | 10,970,000 | |||||||||||
Fulco Hospital Authority VRDN Revenue Anticipation Certificates for Peidmont Hospital Project Series 1999 (Suntrust Bank LOC) (A-1+/VMIG1) | ||||||||||||||
29,315,000 | 1.08 | 07/07/2004 | 29,315,000 | |||||||||||
Georgia Municipal Electric Authority Power VRDN RB P-Floats-PT 2154 (FSA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,000,000 | 1.12 | 07/08/2004 | 5,000,000 | |||||||||||
Georgia Municipal Electric Authority Power VRDN RB P-Floats-PT 975 Series 2004 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
9,795,000 | 1.12 | 07/01/2004 | 9,795,000 | |||||||||||
Georgia State GO VRDN Eagle Tax-Exempt Trust Series 20041004 Class A (Citibank N.A.SPA) (A-1+) | ||||||||||||||
6,000,000 | 1.14 | 07/01/2004 | 6,000,000 | |||||||||||
Georgia State GO VRDN P-Float-PT 2228 Series 2004 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,110,000 | 1.12 | 07/01/2004 | 5,110,000 | |||||||||||
Metropolitan Atlanta Rapid Transit Authority Georgia Sales Tax VRDN RB Eagle Class Series 20026022 (Citibank SPA) (A-1+) | ||||||||||||||
14,760,000 | 1.14 | 07/01/2004 | 14,760,000 | |||||||||||
Municipal Electric Authority of Georgia VRDN RB Project One Subseries 2000 E (MBIA) (Westdeutsche Landesbank AG/ Bayerische Landesbank/ Landesbank Hessen-Thueringen/ State Street Corp. SPA) (A-1+/VMIG1) | ||||||||||||||
9,000,000 | 1.02 | 07/07/2004 | 9,000,000 | |||||||||||
Putnam County Development Authority VRDN PCRB for Georgia Power Co. Pollution Branch Project Series 1998 (A-1) | ||||||||||||||
2,800,000 | 1.10 | 07/01/2004 | 2,800,000 | |||||||||||
Savannah Economic Development Authority VRDN PCRB Refunding for Savannah Electric & Power Project Series 1993 (A-1/VMIG1) | ||||||||||||||
2,785,000 | 1.10 | 07/01/2004 | 2,785,000 | |||||||||||
$ | 254,944,878 | |||||||||||||
Hawaii—0.3% | ||||||||||||||
Honolulu Hawaii City & County CP (Westdeutsche Landesbank AG SPA) (A-1) | ||||||||||||||
$ | 8,150,000 | 1.00 | % | 07/08/2004 | $ | 8,150,000 | ||||||||
750,000 | 1.17 | 07/08/2004 | 750,000 | |||||||||||
Honolulu Hawaii City & County GO VRDN P-Floats-PT 943 Series 2004 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
4,435,000 | 1.12 | 07/01/2004 | 4,435,000 | |||||||||||
Honolulu Hawaii City & County GO VRDN Series 2004 78 (MBIA) (BNP Paribas SPA) (VMIG1) | ||||||||||||||
11,685,000 | 1.12 | 07/01/2004 | 11,685,000 | |||||||||||
$ | 25,020,000 | |||||||||||||
Illinois—8.2% | ||||||||||||||
Chicago Illinois GO Eagle Tax-Exempt Trust VRDN Series 20011301 Class A (FGIC) (Citibank SPA) (A-1+) | ||||||||||||||
$ | 8,910,000 | 1.14 | % | 07/01/2004 | $ | 8,910,000 | ||||||||
Chicago Illinois GO VRDN for Neighborhoods Alive 21-B (MBIA) (Lloyds TSB Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
96,800,000 | 1.08 | 07/01/2004 | 96,800,000 | |||||||||||
Chicago Illinois GO VRDN Series 2002 B (FGIC) (Landesbank Baden SPA) (A-1+/VMIG1) | ||||||||||||||
14,000,000 | 1.09 | 07/01/2004 | 14,000,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Illinois (continued) | ||||||||||||||
Chicago Illinois Merlots VRDN Series 2000 A43 (AMBAC) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
$ | 7,635,000 | 1.12 | % | 07/07/2004 | $ | 7,635,000 | ||||||||
Chicago Illinois Metropolitan Water Reclamation District GO VRDN for Capital Improvement Series 2003 E (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
13,320,000 | 1.02> | 07/07/2004 | 13,320,000 | |||||||||||
Chicago Illinois Metropolitan Water Reclamation District GO VRDN Refunding Series 2002 A (Bank of America/ Lloyds TSB Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
51,875,000 | 1.06 | 07/07/2004 | 51,875,000 | |||||||||||
Chicago Illinois VRDN GO Project Series 2003 B-1 (FSA) (Bank One, N.A. SPA) (A-1/VMIG1) | ||||||||||||||
24,650,000 | 1.08 | 07/07/2004 | 24,650,000 | |||||||||||
Chicago Illinois Wastewater Transmission VRDN RB Merlots Series 2001 A125 (MBIA) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
3,985,000 | 1.12 | 07/07/2004 | 3,985,000 | |||||||||||
Chicago Illinois Water VRDN RB Second Lien Series 1999 (Bank One, N.A. LOC) (A-1/VMIG1) | ||||||||||||||
11,415,000 | 1.03 | 07/07/2004 | 11,415,000 | |||||||||||
City of Chicago Board of Education GO VRDN Series 2000 C (FSA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
10,000,000 | 1.08 | 11/01/2004 | 10,000,000 | |||||||||||
City of Chicago Board of Education GO VRDN Series 2000 D (FSA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
22,100,000 | 1.08 | 07/01/2004 | 22,100,000 | |||||||||||
Cook County Illinois GO VRDN P-Floats-PT 1522 Series 2002 (AMBAC) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
8,860,000 | 1.12 | 07/01/2004 | 8,860,000 | |||||||||||
Cook County Illinois VRDN Capital Improvement Series 2002 B (Landesbank Hessen-Thueringen LOC) (A-1+/VMIG1) | ||||||||||||||
32,000,000 | 1.11 | 07/07/2004 | 32,000,000 | |||||||||||
Du Page County Illinois GO VRDN Community Unit School District No. 200 Wheaton ROCS II-R-2048 (FSA) (Citigroup SPA) (VMIG1) | ||||||||||||||
5,245,000 | 1.14 | 07/01/2004 | 5,245,000 | |||||||||||
Evanston GO VRDN Capital Improvement Project Series 2000 D (Bank of America SPA) (VMIG1) | ||||||||||||||
4,700,000 | 1.08 | 07/01/2004 | 4,700,000 | |||||||||||
Evanston GO VRDN Maple Street Project Series 2000 A (Bank of America SPA) (VMIG1) | ||||||||||||||
17,200,000 | 1.08 | 07/01/2004 | 17,200,000 | |||||||||||
Evanston GO VRDN Recreation Center Project Series 2000 C (Bank of America SPA) (VMIG1) | ||||||||||||||
5,400,000 | 1.08 | 07/01/2004 | 5,400,000 | |||||||||||
Ilinois Finance Authority VRDN RB Northwestern Memorial Hospital Subseries 2004 B-1 (JP Morgan Chase & Co. SPA) (A-1/VMIG1) | ||||||||||||||
12,200,000 | 1.10 | 07/01/2004 | 12,200,000 | |||||||||||
Illinois Development Finance Authority VRDN RB for Bradley University Project Series 2002 (FGIC) (National City Bank SPA) (A-1) | ||||||||||||||
5,880,000 | 1.09 | 07/01/2004 | 5,880,000 | |||||||||||
Illinois Education Facilities Authority RB University of Chicago Series 1998 B (AA+/A-1+) | ||||||||||||||
29,000,000 | 4.40 | 07/01/2004 | 29,000,000 | |||||||||||
Illinois Educational Facilities Authority RB for Adjusted University of Chicago Series 2001 B1 (AA/Aa1) | ||||||||||||||
19,000,000 | 0.98 | 07/01/2004 | 19,000,000 | |||||||||||
Illinois Educational Facilities Authority VRDN RB for Adjusted University of Chicago Series 2003 B (A-1+/VMIG1) | ||||||||||||||
15,000,000 | 1.07 | 07/01/2004 | 15,000,000 | |||||||||||
Illinois Educational Facilities Authority VRDN RB for ROCS II-R-4543 Series 2003 (Citigroup SPA) (A-1+) | ||||||||||||||
5,575,000 | 1.14 | 07/01/2004 | 5,575,000 | |||||||||||
Illinois Finance Authority VRDN RB for Northwestern Memorial Hospital Series 2004 B-2 (UBS AG SPA) (A-1+/VMIG1) | ||||||||||||||
8,500,000 | 1.03 | 07/01/2004 | 8,500,000 | |||||||||||
Illinois Health Facilities Authority VRDN for The Revolving Fund Pooled Finance Program Series 1985 C (Bank One, N.A. LOC) (A-1+/VMIG1) | ||||||||||||||
39,600,000 | 1.08 | 07/07/2004 | 39,600,000 | |||||||||||
Illinois Health Facilities Authority VRDN for The Revolving Fund Pooled Finance Program Series 1985 D (Bank One, N.A. LOC) (A-1+/VMIG1) | ||||||||||||||
36,225,000 | 1.08 | 07/07/2004 | 36,225,000 | |||||||||||
Illinois Health Facilities Authority VRDN RB for Herman M Finch University (Bank One, N.A. LOC) (A-1/VMIG1) | ||||||||||||||
44,500,000 | 1.05 | 07/07/2004 | 44,500,000 | |||||||||||
Illinois Health Facilities Authority VRDN RB for Resurrection Health Series 1999 B (FSA) (Lasalle Bank, N.A. SPA) (A-1+/VMIG1) | ||||||||||||||
30,100,000 | 1.05 | 07/07/2004 | 30,100,000 | |||||||||||
Illinois State GO Eagle Tax-Exempt Trust Series 95C 1305 Class A COPS (FGIC) (Citibank SPA) (A-1) | ||||||||||||||
14,850,000 | 1.14 | 07/01/2004 | 14,850,000 | |||||||||||
Illinois State GO Eagle Tax-Exempt Trust VRDN Series 96C 1301 (Citibank SPA) (A-1+) | ||||||||||||||
5,000,000 | 1.14 | 07/01/2004 | 5,000,000 | |||||||||||
Illinois State GO VRDN P-Floats PT 1975 Series 2003 (FGIC) (Merril Lynch SPA) (A-1+) | ||||||||||||||
4,070,000 | 1.12 | 07/01/2004 | 4,070,000 | |||||||||||
Illinois State GO VRDN P-Floats PT-2009 Series 2003 (FSA) (Merril Lynch SPA) (A-1+) | ||||||||||||||
5,365,000 | 1.12 | 07/01/2004 | 5,365,000 | |||||||||||
Illinois State GO VRDN P-Floats-PT 1882 Series 2003 (MBIA) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
10,320,000 | 1.12 | 07/01/2004 | 10,320,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Illinois (continued) | ||||||||||||||
Illinois State GO VRDN P-Floats-PT 2131 Series 2004 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
$ | 7,775,000 | 1.12 | % | 07/01/2004 | $ | 7,775,000 | ||||||||
Illinois State GO VRDN ROCS II-R-4529 Series 2003 (MBIA) (Citigroup SPA) (A-1+) | ||||||||||||||
5,055,000 | 1.14 | 07/01/2004 | 5,055,000 | |||||||||||
Illinois State GO VRDN ROCS II-R-4536 Series 2003 (Citigroup SPA) (A-1+) | ||||||||||||||
5,490,000 | 1.14 | 07/01/2004 | 5,490,000 | |||||||||||
Illinois State GO VRDN ROCS Series II-R-1007 (MBIA) (Citigroup SPA) (VMIG1) | ||||||||||||||
11,730,000 | 1.14 | 07/01/2004 | 11,730,000 | |||||||||||
Illinois State Sales Tax Revenue P-Float-PT 1929 Series 2003 (Merril Lynch SPA) (F-1+) | ||||||||||||||
3,990,000 | 1.12 | 07/01/2004 | 3,990,000 | |||||||||||
Illinois State Sales Tax Revenue VRDN Merlots Series 2001 A102 (Wachovia Bank SPA) (A-1+) | ||||||||||||||
13,085,000 | 1.12 | 07/07/2004 | 13,085,000 | |||||||||||
Metropolitan Pier & Exposition Authority for Dedicated State Tax Floater-PT 1450 Series 2002 (MBIA) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
7,850,000 | 1.12 | 07/01/2004 | 7,850,000 | |||||||||||
Metropolitan Pier & Exposition Authority for Dedicated State Tax Floating Rate Receipts Series 2003 (MBIA) (Societe Generale SPA) (A-1+) | ||||||||||||||
17,500,000 | 1.12 | 07/01/2004 | 17,500,000 | |||||||||||
Metropolitan Pier Eagle Tax-Exempt Trust Series 20001307 Class A (FGIC) (Citibank SPA) (A-1) | ||||||||||||||
19,205,000 | 1.14 | 07/01/2004 | 19,205,000 | |||||||||||
$ | 714,960,000 | |||||||||||||
Indiana—1.0% | ||||||||||||||
ABN AMRO Munitops VRDN RB Non-AMT Trust Certificates (Indiana Transportation Finance Authority) Series 2004-28 (FGIC) (ABN AMRO SPA) (AAA) | ||||||||||||||
$ | 19,560,000 | 1.14 | % | 07/07/2004 | $ | 19,560,000 | ||||||||
Indiana Bond Bank VRDN RB ROCS II-R-1065 Series 2004 (Citibank SPA) (A-1+) | ||||||||||||||
5,350,000 | 1.14 | 07/01/2004 | 5,350,000 | |||||||||||
Indiana TFA Eagle Tax-Exempt Trust Series 200011401 Class A (Citibank SPA) (A-1+) | ||||||||||||||
12,915,000 | 1.14 | 07/01/2004 | 12,915,000 | |||||||||||
Indiana TFA Eagle Tax-Exempt Trust Series 20001401 (Citibank SPA) (A-1+) | ||||||||||||||
19,800,000 | 1.14 | 07/01/2004 | 19,800,000 | |||||||||||
Indiana TFA Highway VRDN RB P-Floats-PT 2022 Series 2003 (Merril Lynch SPA) (F-1+) | ||||||||||||||
5,280,000 | 1.12 | 07/01/2004 | 5,280,000 | |||||||||||
Indiana TFA Highway VRDN RB P-Floats-PT 2262 Series 2004 (FGIC) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,170,000 | 1.12 | 07/01/2004 | 5,170,000 | |||||||||||
Indianapolis Bond Bank Eagle Tax-Exempt Trust Series 20021401 Class A (Citibank SPA) (A-1+) | ||||||||||||||
18,165,000 | 1.14 | 07/01/2004 | 18,165,000 | |||||||||||
$ | 86,240,000 | |||||||||||||
Iowa—0.7% | ||||||||||||||
Chillicothe City VRDN PCRB Refunding for Midwest Power Systems, Inc. Series 1993 A (A-1/VMIG1) | ||||||||||||||
$ | 2,400,000 | 1.10 | % | 07/07/2004 | $ | 2,400,000 | ||||||||
Iowa Financing Authority VRDN RB Refunding for Trinity Health Series 2000 D (Northern Trust/ Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
45,315,000 | 1.07 | 07/01/2004 | 45,315,000 | |||||||||||
Iowa Higher Education Loan Authority VRDN RB for Grinnell Private College Facility (A-1+/VMIG1) | ||||||||||||||
12,500,000 | 1.08 | 07/01/2004 | 12,500,000 | |||||||||||
$ | 60,215,000 | |||||||||||||
Kansas—0.4% | ||||||||||||||
Kansas State Department of Transportation Highway VRDN RB Series 2000 C-1 (Kansas State LOC) (A-1+/VMIG1) | ||||||||||||||
$ | 21,000,000 | 1.05 | % | 07/07/2004 | $ | 21,000,000 | ||||||||
Kansas State Department of Transportation Highway VRDN RB Series 2000 C-2 (Kansas State LOC) (A-1+/VMIG1) | ||||||||||||||
10,500,000 | 1.05 | 07/07/2004 | 10,500,000 | |||||||||||
Sedgwick County Unified School District No. 259 Wichita GO VRDN P-Floats-PT 813 Series 2003 (FSA) (Landesbank Hessen-Thueringen SPA) (F-1+) | ||||||||||||||
4,360,000 | 1.12 | 07/01/2004 | 4,360,000 | |||||||||||
$ | 35,860,000 | |||||||||||||
Kentucky—0.5% | ||||||||||||||
Kentucky Association of Counties Advance Revenue COPS TRANS Series 2004 A (Bank One, N.A. SPA) (SP-1) | ||||||||||||||
$ | 23,500,000 | 3.00 | %> | 06/30/2005 | $ | 23,804,090 | ||||||||
Kentucky Economic Development Financing Authority Hospital Facilities VRDN RB for The Health Alliance of Greater Cincinnati Series 1997 D (MBIA) (Credit Suisse First Boston SPA) (A-1/VMIG1) | ||||||||||||||
12,858,000 | 1.03 | 07/07/2004 | 12,858,000 | |||||||||||
Louisville & Jefferson County Eagle Tax-Exempt Trust Series 20011701 Class A COPS (MBIA) (Citibank SPA) (A-1+) | ||||||||||||||
2,500,000 | 1.14 | 07/01/2004 | 2,500,000 | |||||||||||
$ | 39,162,090 | |||||||||||||
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Kentucky (continued) | ||||||||||||||
Louisiana—1.6% | ||||||||||||||
East Baton Rouge Parish VRDN PCRB Refunding for Exxon Project Series 1989 (A-1+/P-1) | ||||||||||||||
$ | 11,900,000 | 1.01 | % | 07/01/2004 | $ | 11,900,000 | ||||||||
Louisiana Offshore Terminal Authority VRDN RB Refunding for Deepwater Port First Stage Series 1992 A Loop LLC (Suntrust Bank Nashville LOC) (A-1+/VMIG1) | ||||||||||||||
8,000,000 | 1.08 | 07/07/2004 | 8,000,000 | |||||||||||
Louisiana Offshore Terminal Authority VRDN RB Refunding for Deepwater Port First Stage Series 1997 A Loop LLC (Bank One, N.A. LOC) (A-1/VMIG1) | ||||||||||||||
5,100,000 | 1.06 | 07/01/2004 | 5,100,000 | |||||||||||
Louisiana Offshore Terminal Authority VRDN RB Refunding for Deepwater Port Series 2003 A Loop LLC Project (Suntrust Bank LOC) (A-1+) | ||||||||||||||
7,200,000 | 1.10 | 07/01/2004 | 7,200,000 | |||||||||||
New Orleans Aviation Board RB Refunding Series 1995 A (MBIA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
9,480,000 | 1.08 | 07/07/2004 | 9,480,000 | |||||||||||
New Orleans Aviation Board VRDN Refunding Series 1993 B (MBIA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
67,390,000 | 1.08 | 07/07/2004 | 67,390,000 | |||||||||||
Saint James Parish VRDN PCRB Refunding for Occidental Petroleum Series 1996 (Bayerische Landesbank LOC) (P-1) | ||||||||||||||
19,500,000 | 1.03 | 07/07/2004 | 19,500,000 | |||||||||||
South Louisiana Commission Port VRDN RB Refunding for Occidental Petroleum Corp. Series 1996 (Bank of New York LOC) (VMIG1) | ||||||||||||||
12,700,000 | 1.03 | 07/07/2004 | 12,700,000 | |||||||||||
$ | 141,270,000 | |||||||||||||
Maine—0.0% | ||||||||||||||
Maine State GO Bonds General Purpose Series 2004 (AA/Aa2) | ||||||||||||||
$ | 4,000,000 | 2.00 | % | 01/15/2005 | $ | 4,014,771 | ||||||||
Maryland—0.3% | ||||||||||||||
Maryland State Department of Transportation VRDN RB P-Floats-PA 1259 Series 2004 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
$ | 11,100,000 | 1.12 | % | 07/01/2004 | $ | 11,100,000 | ||||||||
Maryland State Health & Higher Educational Facilities VRDN RB for University of Maryland Medical System Series 2004 A (AMBAC) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
13,000,000 | 1.08 | 07/01/2004 | 13,000,000 | |||||||||||
University of Maryland System Auxiliary Facility & Tuition VRDN P-Floats-PT 428 Series 2000 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
4,930,000 | 1.12 | 07/01/2004 | 4,930,000 | |||||||||||
$ | 29,030,000 | |||||||||||||
Massachusetts—6.3% | ||||||||||||||
Massachusetts Bay Transport Authority GO VRDN General Transportation System (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 60,350,000 | 1.02 | % | 07/07/2004 | $ | 60,350,000 | ||||||||
Massachusetts Bay Transportation Authority Sales Tax Revenue Series 2004 B (Wachovia Bank SPA) (A-1) | ||||||||||||||
4,480,000 | 1.09 | 07/07/2004 | 4,480,000 | |||||||||||
Massachusetts Development Finance Agency VRDN RB Refunding for Phillips Academy (Bank of New York SPA) (A-1+/VMIG1) | ||||||||||||||
26,910,000 | 1.08 | 07/01/2004 | 26,910,000 | |||||||||||
Massachusetts GO VRDN Refunding Series 1998 A (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
68,200,000 | 1.08 | 07/01/2004 | 68,200,000 | |||||||||||
Massachusetts GO VRDN Series 1998 B (Depfa Bank SPA) (A-1+/VMIG1) | ||||||||||||||
173,410,000 | 1.08 | 07/01/2004 | 173,410,000 | |||||||||||
Massachusetts Health & Educational Facilities Authority VRDN RB for Capital Asset Program Series 1985 E (Fleet National Bank LOC) (VMIG1) | ||||||||||||||
8,300,000 | 1.08 | 07/01/2004 | 8,300,000 | |||||||||||
Massachusetts Health & Educational Facilities Authority VRDN RB for Partners Healthcare Systems Series 2003 D-3 (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
21,700,000 | 1.06 | 07/01/2004 | 21,700,000 | |||||||||||
Massachusetts Health & Educational Facilities Authority VRDN RB for Partners Healthcare Systems Series 2003 D-4 (Bank One, N.A. SPA) (A-1+/VMIG1) | ||||||||||||||
24,000,000 | 1.07 | 07/01/2004 | 24,000,000 | |||||||||||
Massachusetts Health Harvard University CP Series EE (A-1+) | ||||||||||||||
7,000,000 | 0.95 | 07/14/2004 | 7,000,000 | |||||||||||
22,161,000 | 0.98 | 07/14/2004 | 22,161,000 | |||||||||||
18,000,000 | 1.12 | 08/06/2004 | 18,000,000 | |||||||||||
Massachusetts Housing Finance Agency VRDN RB Series 2003 G (HSBC Bank PLC SPA) (VMIG1) | ||||||||||||||
36,375,000 | 1.02 | 07/07/2004 | 36,375,000 | |||||||||||
Massachusetts Housing Finance Agency VRDN RB Series 2003 F (FSA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
25,850,000 | 1.02 | 07/07/2004 | 25,850,000 | |||||||||||
Massachusetts State GO VRDN Merlots Series 2004 B03 (AMBAC) (FSA) (MBIA) (Wachovia Bank SPA) (A-1+) | ||||||||||||||
30,000,000 | 1.09 | 07/07/2004 | 30,000,000 | |||||||||||
Massachusetts State GO VRDN Merlots Series 2004 B12 (AMBAC) (Wachovia Bank SPA) (A-1) | ||||||||||||||
9,000,000 | 1.09 | 07/07/2004 | 9,000,000 | |||||||||||
Massachusetts State Health & Educational Facilities Authority VRDN RB Merlots Series 2004 A14 (Wachovia Bank SPA) (VMIG1) | ||||||||||||||
6,250,000 | 1.09 | 07/07/2004 | 6,250,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Massachusetts (continued) | ||||||||||||||
Massachusetts Water Resources Authority CP Series S-94 (Bayerische Landesbank SPA) | ||||||||||||||
$ | 5,000,000 | 1.10 | % | 09/07/2004 | $ | 5,000,000 | ||||||||
$ | 546,986,000 | |||||||||||||
Michigan—3.5% | ||||||||||||||
Detroit Water Supply System VRDN RB Refunding Senior Lien Series 2003 D (MBIA) (Bank One, N.A SPA) (A-1/VMIG1) | ||||||||||||||
$ | 15,000,000 | 1.05 | % | 07/07/2004 | $ | 15,000,000 | ||||||||
Detroit Water Supply System VRDN RB Refunding Senior Lien Series 2004 B (MBIA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
15,000,000 | 1.09 | 07/01/2004 | 15,000,000 | |||||||||||
Michigan Building Authority Eagle Tax-Exempt Trust Series 20012204 Class A (Citibank SPA) (A-1+) | ||||||||||||||
16,000,000 | 1.14 | 07/01/2004 | 16,000,000 | |||||||||||
Michigan Municipal Bond Authority RANS Series 2003 B-1 (SP-1+) | ||||||||||||||
20,000,000 | 2.00 | 08/20/2004 | 20,026,503 | |||||||||||
Michigan Municipal Bond Authority VRDN P-Floats-PT 396 Series 2000 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
8,750,000 | 1.12 | 07/01/2004 | 8,750,000 | |||||||||||
Michigan State Building Authority VRDN RB P-Floats-PT 398 Series 2000 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
6,605,000 | 1.12 | 07/01/2004 | 6,605,000 | |||||||||||
Michigan State GO TANS Series 2004 A (SP-1+/MIG1) | ||||||||||||||
65,000,000 | 2.00 | 09/30/2004 | 65,164,333 | |||||||||||
Michigan State Hospital Finance Authority VRDN RB Refunding for Trinity Health Series 2000 E (AMBAC) (Bank One, N.A. SPA) (A-1/VMIG1) | ||||||||||||||
82,300,000 | 1.07 | 07/01/2004 | 82,300,000 | |||||||||||
Michigan State Trunk Line Fund Series 1998 A-Eagle Tax-Exempt Trust Series 982202 Class A (Citibank SPA) | ||||||||||||||
30,165,000 | 1.14 | 07/01/2004 | 30,165,000 | |||||||||||
University of Michigan VRDN RB General Series 2002 (A-1+/VMIG1) | ||||||||||||||
44,005,000 | 1.05 | 07/01/2004 | 44,005,000 | |||||||||||
$ | 303,015,836 | |||||||||||||
Minnesota—1.9% | ||||||||||||||
Elk River Independent School District #728 GO VRDN ROCS Series II-R-183 (FSA) (Citigroup SPA) (VMIG1) | ||||||||||||||
$ | 9,175,000 | 1.14 | % | 07/01/2004 | $ | 9,175,000 | ||||||||
Minnesota School District COPS for Tax Aid Participate Borrowing Program Aid Anticipate Certificate Series 2003 A (MIG1) | ||||||||||||||
82,000,000 | 1.75 | 08/27/2004 | 82,096,299 | |||||||||||
Minnesota State P-Floats-PT 1941 Series 2003 (Merril Lynch SPA) (A-1/VMIG1) | ||||||||||||||
15,840,000 | 1.12 | 07/01/2004 | 15,840,000 | |||||||||||
Minnesota State Eagle Tax-Exempt Trust Series 20012301 Class A (Citibank SPA) (A-1+) | ||||||||||||||
3,300,000 | 1.14 | 07/01/2004 | 3,300,000 | |||||||||||
Rochester Health Care Facilities CP Series 2000 B (U.S. Bank National SPA) | ||||||||||||||
18,000,000 | 1.15 | 08/19/2004 | 18,000,000 | |||||||||||
Rochester Health Facilities Mayo Medical Center CP Series S-E (Chase Manhattan SPA) | ||||||||||||||
4,135,000 | 1.12 | 07/13/2004 | 4,135,000 | |||||||||||
Rochester Health Facilities Mayo Medical Center CP Series S-F (Chase Manhattan SPA) | ||||||||||||||
5,100,000 | 1.12 | 08/23/2004 | 5,100,000 | |||||||||||
Rochester Mayo Medical Center RB CP Series 1992 C | ||||||||||||||
9,250,000 | 0.94 | 07/21/2004 | 9,250,000 | |||||||||||
University of Minnesota VRDN RB Cap Projects Series 1999 A (A-1+/VMIG1) | ||||||||||||||
19,160,000 | 1.09 | 07/07/2004 | 19,160,000 | |||||||||||
$ | 166,056,299 | |||||||||||||
Mississippi—0.5% | ||||||||||||||
Jackson County VRDN PCRB Refunding for Chevron USA, Inc. Project Series 1992 (VMIG1) | ||||||||||||||
$ | 10,150,000 | 1.05 | % | 07/01/2004 | $ | 10,150,000 | ||||||||
Jackson County VRDN PCRB Refunding for Chevron USA, Inc. Project Series 1993 (P-1) | ||||||||||||||
7,750,000 | 1.05 | 07/01/2004 | 7,750,000 | |||||||||||
Mississippi State GO Eagle Tax-Exempt Trust Series 20012402 Class A (Citibank SPA) | ||||||||||||||
11,000,000 | 1.14 | 07/01/2004 | 11,000,000 | |||||||||||
Mississippi State GO VRDN Merlots Series 2003 B08 (FSA) (Wachovia Bank SPA) (VMIG1) | ||||||||||||||
15,640,000 | 1.12 | 07/07/2004 | 15,640,000 | |||||||||||
$ | 44,540,000 | |||||||||||||
Missouri—1.6% | ||||||||||||||
Missouri Board Public Buildings VRDN RB P-Floats-PT 1843 Series 2003 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
$ | 6,960,000 | 1.12 | % | 07/01/2004 | $ | 6,960,000 | ||||||||
Missouri Development Finance Board Cultural Facilities VRDN RB for Nelson Gallery Foundation Series 2004 A (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
46,500,000 | 1.08 | 07/01/2004 | 46,500,000 | |||||||||||
Missouri Health & Educational Facilities Authority VRDN RB for Medical Research Facilities-Stowers Institution (MBIA) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
48,200,000 | 1.08 | 07/01/2004 | 48,200,000 | |||||||||||
Missouri Health & Educational Facility Authority VRDN RB for Washington University Project Series 1984 (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
11,350,000 | 1.04 | 07/07/2004 | 11,350,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Missouri (continued) | ||||||||||||||
Missouri State Health & Educational Facility Authority VRDN RB for Medical Research Facilities-Stowers (MBIA) (BNP Paribas SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 30,000,000 | 1.08 | % | 07/01/2004 | $ | 30,000,000 | ||||||||
$ | 143,010,000 | |||||||||||||
Nebraska—0.3% | ||||||||||||||
Douglas County School District No. 1 Floaters VRDN Series 2003890 (Morgan Stanley SPA) (A-1) | ||||||||||||||
$ | 7,300,000 | 1.13 | % | 07/01/2004 | $ | 7,300,000 | ||||||||
Douglas County School District GO VRDN P-Floats-PT 2060 No. 1 Series 2003 (Merril Lynch Capital Services SPA) (A-1) | ||||||||||||||
6,665,000 | 1.12 | 07/01/2004 | 6,665,000 | |||||||||||
Omaha Nebraska GO VRDN Eagle Tax-Exempt Trust Series 20040011 Class A (Citibank N.A. SPA) (A-1+) | ||||||||||||||
5,995,000 | 1.14 | 07/01/2004 | 5,995,000 | |||||||||||
Omaha Nebraska GO VRDN Stars Certificates Series 2004-98 (BNP Paribas SPA) (VMIG1) | ||||||||||||||
10,150,000 | 1.12 | 07/01/2004 | 10,150,000 | |||||||||||
$ | 30,110,000 | |||||||||||||
Nevada—0.7% | ||||||||||||||
Clark County Nevada CP Series 2003 (BNP Paribas/ Bayerische Landesbank SPA) | ||||||||||||||
$ | 13,000,000 | 0.95 | % | 08/10/2004 | $ | 13,000,000 | ||||||||
Clark County Nevada Eagle Tax-Exempt Trust Series 002801 Class A (Citibank SPA) | ||||||||||||||
1,000,000 | 1.14 | 07/01/2004 | 1,000,000 | |||||||||||
Clark County Nevada Eagle Tax-Exempt Trust Series 1996 Class A (FGIC) (Citibank SPA) (A-1+) | ||||||||||||||
8,345,000 | 1.14 | 07/01/2004 | 8,345,000 | |||||||||||
Clark County Nevada School District GO VRDN Star Certificates Series 2004-68 (FSA) (BNP Paribas SPA) (VMIG1) | ||||||||||||||
13,455,000 | 1.12 | 07/01/2004 | 13,455,000 | |||||||||||
Las Vegas Valley Water District CP (BNP Paribas/ Lloyds TSB Bank PLC SPA) | ||||||||||||||
4,000,000 | 1.12 | 08/17/2004 | 4,000,000 | |||||||||||
Las Vegas Valley Water District GO VRDN P-Floats-PT 1672 Series 2003 (FGIC) (Merrill Lynch SPA) (A-1) | ||||||||||||||
11,060,000 | 1.12 | 07/01/2004 | 11,060,000 | |||||||||||
University of Nevada VRDN RB ROCS II-R-5001 Series 2003 (FGIC) (Citigroup SPA) (VMIG1) | ||||||||||||||
5,805,000 | 1.14 | 07/01/2004 | 5,805,000 | |||||||||||
$ | 56,665,000 | |||||||||||||
New Hampshire—0.5% | ||||||||||||||
Manchester School Facilities VRDN RB P-Floats-PT-1939 Series 2003 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
$ | 5,445,000 | 1.12 | % | 07/01/2004 | $ | 5,445,000 | ||||||||
New Hampshire Health & Educational Facilities Authority VRDN RB for Phillips Exeter Academy (A-1+/VMIG1) | ||||||||||||||
19,000,000 | 1.08 | 07/01/2004 | 19,000,000 | |||||||||||
New Hampshire State CP (Landesbank Hessen-Thueringen SPA) | ||||||||||||||
6,000,000 | 0.99 | 07/08/2004 | 6,000,000 | |||||||||||
New Hampshire State GO Floater-PT 1845 Series 2003 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
8,880,000 | 1.45 | 04/28/2005 | 8,880,000 | |||||||||||
$ | 39,325,000 | |||||||||||||
New Jersey—0.3% | ||||||||||||||
New Jersey Economic Development Authority VRDN RB Merlots Series 2003 A 41 (FGIC) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
$ | 12,865,000 | 1.09 | % | 07/07/2004 | $ | 12,865,000 | ||||||||
New Jersey Economic Development Authority VRDN RB Merlots Series 2004 B-14 (AMBAC) (Wachovia Bank SPA) (A-1) | ||||||||||||||
14,645,000 | 1.09 | 07/07/2004 | 14,645,000 | |||||||||||
$ | 27,510,000 | |||||||||||||
New Mexico—0.9% | ||||||||||||||
Albuquerque NM GO Series 2003 B (AA/Aa3) | ||||||||||||||
$ | 7,250,000 | 2.50 | % | 07/01/2004 | $ | 7,250,000 | ||||||||
Albuquerque NM VRDN RB Refunding Series 2000 (MBIA) (Bank of America SPA) (A-1+) | ||||||||||||||
8,595,000 | 1.06 | 07/07/2004 | 8,595,000 | |||||||||||
Farmington NM VRDN PCRB Refunding for Arizona Public Service Co. Series 1994 B (Barclays Bank PLC LOC) (A-1+/P-1) | ||||||||||||||
26,800,000 | 1.06 | 07/01/2004 | 26,800,000 | |||||||||||
New Mexico State Severance Tax VRDN P-Floats-PT 1428 Series 2002 (Merrill Lynch SPA) (A-1) | ||||||||||||||
11,515,000 | 1.12 | 07/01/2004 | 11,515,000 | |||||||||||
University of New Mexico VRDN RB Refunding for Sub Lien Systems Series 2003 B (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
2,800,000 | 1.05 | 07/07/2004 | 2,800,000 | |||||||||||
University of New Mexico VRDN RB Sub Lien Systems Improvement Series 2001 (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
20,715,000 | 1.10 | 07/07/2004 | 20,715,000 | |||||||||||
$ | 77,675,000 | |||||||||||||
New York—14.6% | ||||||||||||||
Long Island Power Authority CP-1 Series 2003/A2 (JP Morgan Chase & Co. LOC) | ||||||||||||||
$ | 12,700,000 | 1.00 | % | 10/12/2004 | $ | 12,700,000 | ||||||||
Long Island Power Authority CP-2 (Landesbank SC LOC) | ||||||||||||||
6,000,000 | 1.02 | 10/07/2004 | 6,000,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
New York (continued) | ||||||||||||||
Long Island Power Authority Electric System VRDN RB Subseries 1998 1A (Bayerische Landesbank/Landesbank Baden-Wurttemberg LOC) (A-1+/VMIG1) | ||||||||||||||
$ | 10,700,000 | 1.03 | % | 07/07/2004 | $ | 10,700,000 | ||||||||
Long Island Power Authority Electric System VRDN RB Subseries 1998 3A (JP Morgan Chase & Co./ Landesbank Baden-Wurttemberg LOC) (A-1+/VMIG1) | ||||||||||||||
17,000,000 | 1.03 | 07/07/2004 | 17,000,000 | |||||||||||
Long Island Power Authority VRDN RB Subseries 1998 2B (Bayerische Landesbank LOC) (A-1+/VMIG1) | ||||||||||||||
8,975,000 | 1.03 | 07/01/2004 | 8,975,000 | |||||||||||
Metropolitan Transportation Authority Eagle Tax-Exempt Trust Series 20022303 Class A (FSA) (Citibank SPA) (A-1+) | ||||||||||||||
9,155,000 | 1.10 | 07/01/2004 | 9,155,000 | |||||||||||
Metropolitan Transportation Authority Eagle Tax-Exempt Trust Series 20022304 Class A (FGIC) (Citibank SPA) (A-1+) | ||||||||||||||
14,290,000 | 1.10 | 07/01/2004 | 14,290,000 | |||||||||||
Metropolitan Transportation Authority Eagle Tax-Exempt Trust Series 20022305 Class A (FSA) (Citibank SPA) (A-1+) | ||||||||||||||
6,470,000 | 1.10 | 07/01/2004 | 6,470,000 | |||||||||||
Metropolitan Transportation Authority GO VRDN Subseries 2004 A-1 (Depfa Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
15,000,000 | 1.10 | 07/01/2004 | 15,000,000 | |||||||||||
Metropolitan Transportation Authority GO VRDN Subseries 2004 A-3 (XLCA) (Depfa Bank PLC SPA) (A1+/VMIG1) | ||||||||||||||
6,000,000 | 1.10 | 07/01/2004 | 6,000,000 | |||||||||||
Metropolitan Transportation Authority VRDN RB Merlots Series 2003 B25 (FGIC) (Wachovia Bank SPA) (VMIG1) | ||||||||||||||
11,155,000 | 1.08 | 07/07/2004 | 11,155,000 | |||||||||||
Nassau County IDA Civic Facility VRDN RB Refunding & Improvement for Cold Spring Harbor (JP Morgan Chase & Co. SPA) (A-1+) | ||||||||||||||
595,000 | 1.08 | 07/01/2004 | 595,000 | |||||||||||
New York City GO VRDN Adjusted ROCS II-R-251A Series 2003 (Citigroup SPA) (A-1+/VMIG1) | ||||||||||||||
18,000,000 | 1.15 | 07/01/2004 | 18,000,000 | |||||||||||
New York City GO VRDN Adjusted Subseries 2003 A-5 (HSBC Bank LLC LOC) (A-1+/VMIG1) | ||||||||||||||
14,050,000 | 1.07 | 07/07/2004 | 14,050,000 | |||||||||||
New York City GO VRDN Subseries 2002 C-2 (Bayerische Landesbank LOC) (A-1+/VMIG1) | ||||||||||||||
12,435,000 | 1.03 | 07/07/2004 | 12,435,000 | |||||||||||
New York City GO VRDN Subseries 2002 C-3 (BNP Paribas LOC) (A-1+/VMIG1) | ||||||||||||||
54,400,000 | 1.02 | 07/07/2004 | 54,400,000 | |||||||||||
New York City GO VRDN Subseries 2002 C-5 (Bank of New York LOC) (A-1+/VMIG1) | ||||||||||||||
5,900,000 | 1.07 | 07/07/2004 | 5,900,000 | |||||||||||
New York City GO VRDN Subseries 2003 A-3 (BNP Paribas LOC) (A-1+/VMIG1) | ||||||||||||||
19,160,000 | 1.03 | 07/07/2004 | 19,160,000 | |||||||||||
New York City GO VRDN Subseries 2003 G-3 (Westdeutsche Landesbank AG LOC) (A-1+/VMIG1) | ||||||||||||||
10,300,000 | 1.00 | 07/07/2004 | 10,300,000 | |||||||||||
New York City GO VRDN Subseries 2004 H-1 (Bank of New York LOC) (A-1+/VMIG1) | ||||||||||||||
5,000,000 | 1.08 | 07/01/2004 | 5,000,000 | |||||||||||
New York City GO VRDN Subseries 2004 H-2 (Bank of New York LOC) (A-1+/VMIG1) | ||||||||||||||
7,500,000 | 1.07 | 07/07/2004 | 7,500,000 | |||||||||||
New York City GO VRDN Subseries 2004 H-4 (Bank of New York LOC) (A-1+/VMIG1) | ||||||||||||||
17,500,000 | 1.03 | 07/01/2004 | 17,500,000 | |||||||||||
New York City GO VRDN Subseries 2004 H-7 (KBC Bank NV LOC) (A-1/VMIG1) | ||||||||||||||
33,100,000 | 1.04 | 07/01/2004 | 33,100,000 | |||||||||||
New York City GO VRDN Subseries 2004 H-8 (Westdeutsche Landesbank AG LOC) (A-1+/VMIG1) | ||||||||||||||
66,745,000 | 1.01 | 07/07/2004 | 66,745,000 | |||||||||||
New York City Housing Development Corp. Multifamily VRDN 90 West Street Series 2004 A (HSBC Bank LOC) (A-1+) | ||||||||||||||
8,300,000 | 1.03 | 07/07/2004 | 8,300,000 | |||||||||||
New York City Municipal Water Finance Authority CP (Westdeutsche Landesbank/ Bayerische Landesbank SPA) | ||||||||||||||
5,300,000 | 1.00 | 07/01/2004 | 5,300,000 | |||||||||||
New York City Municipal Water Finance Authority VRDN RB for Water & Sewer Systems Series 1993 C (FGIC) (FGIC-SPI SPA) (A-1+/VMIG1) | ||||||||||||||
5,900,000 | 1.06 | 07/01/2004 | 5,900,000 | |||||||||||
New York City Municipal Water Finance Authority VRDN RB for Water & Sewer Systems Series 1994 G (FGIC) (FGIC-SPI SPA) (A-1+/VMIG1) | ||||||||||||||
36,470,000 | 1.03 | 07/01/2004 | 36,470,000 | |||||||||||
New York City Municipal Water Finance Authority VRDN RB for Water & Sewer Systems Series 2003 F Subseries F-2 (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
6,020,000 | 1.04 | 07/01/2004 | 6,020,000 | |||||||||||
New York City Municipal Water Finance Authority VRDN RB for Water & Sewer Systems Subseries F-1 (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
47,395,000 | 1.08 | 07/01/2004 | 47,395,000 | |||||||||||
New York City Municipal Water Finance Authority Water & Sewer Systems VRDN RB Fiscal 2003 Subseries 2002 C-3 (Bank of New York SPA) (A-1+/VMIG1) | ||||||||||||||
18,260,000 | 1.03 | 07/01/2004 | 18,260,000 | |||||||||||
New York City Municipal Water Finance Authority Water & Sewer Systems VRDN RB Series 1995 A (FGIC) (FGIC-SPI SPA) (A-1+/VMIG1) | ||||||||||||||
6,000,000 | 1.08 | 07/01/2004 | 6,000,000 | |||||||||||
New York City Municipal Water Finance Authority Water & Sewer Systems VRDN RB Series 2004 914 (Morgan Stanley SPA) (A-1) | ||||||||||||||
9,600,000 | 1.11 | 07/01/2004 | 9,600,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
New York (continued) | ||||||||||||||
New York City Municipal Water Finance Authority Water & Sewer Systems VRDN RB Municipal Securities Trust Receipts Series 1997 (FSA) (Societe Generale SPA) (A-1+) | ||||||||||||||
$ | 6,500,000 | 1.10 | % | 07/01/2004 | $ | 6,500,000 | ||||||||
New York City Transitional Finance Authority Eagle Tax Exempt Trust Series 20003203 Class A COPS (Citibank SPA) | ||||||||||||||
2,890,000 | 1.10 | 07/01/2004 | 2,890,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB for Recovery Series 2002 3 Subseries 3 E (Bank of New York SPA) (A-1+/VMIG1) | ||||||||||||||
20,400,000 | 1.08 | 07/01/2004 | 20,400,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB for Recovery Series 2002 3 Subseries 3 F (Bank of New York SPA) (A-1+/VMIG1) | ||||||||||||||
6,060,000 | 1.08 | 07/01/2004 | 6,060,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB for Recovery Series 2002 3 Subseries 3 G (Bank of New York SPA) (A-1+/VMIG1) | ||||||||||||||
21,115,000 | 1.03 | 07/07/2004 | 21,115,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB for Recovery Series 2002 Subseries 1C (Societe Generale SPA) (A-1+/VMIG1) | ||||||||||||||
53,200,000 | 1.06 | 07/01/2004 | 53,200,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB for Recovery Series 2002 Subseries 3 H (Bank of New York SPA) (A-1+/VMIG1) | ||||||||||||||
26,855,000 | 1.06 | 07/01/2004 | 26,855,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB Future Tax Secured Series 1998 A-2 (Bank of Nova Scotia SPA) (A-1+/VMIG1) | ||||||||||||||
43,250,000 | 1.03 | 07/07/2004 | 43,250,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB Future Tax Secured Series 2004 C (AA+/Aa2) | ||||||||||||||
3,435,000 | 2.00 | 02/01/2005 | 3,447,503 | |||||||||||
New York City Transitional Finance Authority VRDN RB Merlots Series 2003 B29 (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
12,655,000 | 1.08 | 07/07/2004 | 12,655,000 | |||||||||||
New York City Transitional Finance Authority VRDN RB Subseries 2002 2A (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
3,000,000 | 1.08 | 07/01/2004 | 3,000,000 | |||||||||||
New York State Dormitory Authority VRDN RB for Mental Health Facilities Series 2004 F-2A (FSA) (Dexia Credit Local SPA) (A-1+) | ||||||||||||||
15,000,000 | 1.06 | 07/01/2004 | 15,000,000 | |||||||||||
New York State Dormitory Authority VRDN RB Mental Health Services Subseries 2003 D-2H (HSBC Bank PLC SPA) (A-1+) | ||||||||||||||
12,800,000 | 1.06 | 07/01/2004 | 12,800,000 | |||||||||||
New York State Environmental Facilities Corp. RB Eagle Tax-Exempt Trust Series 96C 3204 COPS (Citibank SPA) | ||||||||||||||
9,300,000 | 1.10 | 07/01/2004 | 9,300,000 | |||||||||||
New York State Environmental State Revolving Fund CP Series 97A (Bayerische Landesbank/ Landesbank Hessen-Thueringen LOC) | ||||||||||||||
4,500,000 | 0.95 | 07/14/2004 | 4,500,000 | |||||||||||
12,300,000 | 1.12 | 08/19/2004 | 12,300,000 | |||||||||||
New York State Housing Finance Agency VRDN RB for 20 River Terrace Housing Series 2002 A (FNMA) (VMIG1) | ||||||||||||||
55,500,000 | 1.03 | 07/07/2004 | 55,500,000 | |||||||||||
New York State Housing Finance Agency VRDN RB for Housing Historic Front Series 2003 A (Bank of New York LOC) (VMIG1) | ||||||||||||||
3,700,000 | 1.05 | 07/07/2004 | 3,700,000 | |||||||||||
New York State Housing Finance Agency VRDN RB for Liberty View Apartments Housing Series 1997 A (FNMA) (A-1+) | ||||||||||||||
16,000,000 | 1.00 | 07/07/2004 | 16,000,000 | |||||||||||
New York State Housing Finance Agency VRDN RB for Tribeca Green Housing Series 2003 A (Landesbank Hessen-Thueringen LOC) (VMIG1) | ||||||||||||||
5,900,000 | 1.00 | 07/07/2004 | 5,900,000 | |||||||||||
New York State Housing Finance Agency VRDN RB for Housing 10 Liberty Street Series 2003 (Fleet National Bank LOC) (VMIG1) | ||||||||||||||
31,700,000 | 1.00 | 07/07/2004 | 31,700,000 | |||||||||||
New York State Local Government Assistance Corp. VRDN RB Refunding Sub Lien Series 2003 3V (FGIC) (Landesbank Baden-Wurttemberg SPA) (A-1+) | ||||||||||||||
50,200,000 | 1.02 | 07/07/2004 | 50,200,000 | |||||||||||
New York State Local Government Assistance Corp. VRDN RB Series 1995 C (Landesbank Hessen-Thueringen LOC) (A-1+/VMIG1) | ||||||||||||||
20,710,000 | 1.01 | 07/07/2004 | 20,710,000 | |||||||||||
New York State Power Authority CP Series 2 (Bank of Nova Scotia/ JP Morgan Chase & Co./ State Street/Bayerische Landesbank/Landesbank Baden-Wurttemberg/ Wachovia Bank/ Bank of New York SPA) | ||||||||||||||
10,552,000 | 1.09 | 07/09/2004 | 10,552,000 | |||||||||||
New York State Power Authority VRDN RB Subseries 2000 5 (JP Morgan Chase & Co./ State Street Corp./ Bank of Nova Scotia/ Bank of New York SPA) (A-1/VMIG1) | ||||||||||||||
30,000,000 | 1.00 | 07/07/2004 | 30,000,000 | |||||||||||
New York State Urban Development Corp. RB Floating Rate Receipts Series 2003 SG 164 (A-1+) | ||||||||||||||
12,900,000 | 1.10 | 07/01/2004 | 12,900,000 | |||||||||||
Rockland County GO TANS (MIG1) | ||||||||||||||
39,000,000 | 2.00 | 03/24/2005 | 39,252,795 | |||||||||||
Triborough Bridge & Tunnel Authority VRDN RB for General Purpose Series 2001 B (AMBAC) (State Street Corp. SPA) (A-1+/VMIG1) | ||||||||||||||
52,300,000 | 1.06 | 07/07/2004 | 52,300,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
New York (continued) | ||||||||||||||
Triborough Bridge & Tunnel Authority VRDN RB for General Purpose Series 2001 C (AMBAC) (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 23,800,000 | 1.06 | % | 07/07/2004 | $ | 23,800,000 | ||||||||
Triborough Bridge & Tunnel Authority VRDN RB for General Purpose Series 2003 B (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
17,000,000 | 1.07 | 07/07/2004 | 17,000,000 | |||||||||||
Triborough Bridge & Tunnel Authority VRDN RB Merlots Series 2004 A-08 (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
11,615,000 | 1.08 | 07/07/2004 | 11,615,000 | |||||||||||
Triborough Bridge & Tunnel Authority VRDN RB Refunding for General Purpose Series 2003 F (ABN Amro Bank N.V. SPA) (A-1+/VMIG1) | ||||||||||||||
99,080,000 | 1.06 | 07/01/2004 | 99,080,000 | |||||||||||
Triborough Bridge & Tunnel Authority VRDN RB Refunding Series 2002 C (AMBAC) (Westdeutsche Landesbank AG SPA) (A-1+/VMIG1) | ||||||||||||||
5,000,000 | 1.07 | 07/01/2004 | 5,000,000 | |||||||||||
Triborough Bridge & Tunnel Authority VRDN RB Special Obligation Refunding Series 2000 D (FSA) (Lloyds TSB Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
6,400,000 | 1.06 | 07/07/2004 | 6,400,000 | |||||||||||
$ | 1,270,257,298 | |||||||||||||
North Carolina—2.2% | ||||||||||||||
Cabarrus County VRDN COPS ROCS II-R-4520 Series 2003 (AMBAC) (Citigroup SPA) (A-1+) | ||||||||||||||
$ | 5,340,000 | 1.14 | % | 07/01/2004 | $ | 5,340,000 | ||||||||
Charlotte Water & Sewer Systems VRDN RB Refunding Series 2002 C (Bank of America SPA) (A-1+/VMIG1) | ||||||||||||||
39,390,000 | 1.07 | 07/01/2004 | 39,390,000 | |||||||||||
North Carolina Health Care Facilities VRDN RB Wakemed Project Series 1999 (Wachovia Bank LOC) (A-1+) | ||||||||||||||
14,405,000 | 1.09 | 07/01/2004 | 14,405,000 | |||||||||||
North Carolina State GO Highway Series 2003 (AAA/Aa1) | ||||||||||||||
8,000,000 | 3.00 | 05/01/2005 | 8,124,321 | |||||||||||
North Carolina State GO VRDN P-Floats-PT 2115 Series 2004 (Merrill Lynch SPA) (A-1) | ||||||||||||||
5,460,000 | 1.12 | 07/01/2004 | 5,460,000 | |||||||||||
North Carolina State GO VRDN P-Floats-PT 2206 Series 2004 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
15,710,000 | 1.12 | 07/01/2004 | 15,710,000 | |||||||||||
North Carolina State GO VRDN P-Floats-PT 2207 Series 2004 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
8,570,000 | 1.12 | 07/01/2004 | 8,570,000 | |||||||||||
North Carolina State GO VRDN P-Floats-PT-1962 Series 2003 (Merrill Lynch Capital Services SPA) (F-1+) | ||||||||||||||
6,010,000 | 1.12 | 07/01/2004 | 6,010,000 | |||||||||||
Raleigh North Carolina COPS VRDN for Downtown Improvement Project Series 2004 A (Depfa Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
10,000,000 | 1.07 | 07/07/2004 | 10,000,000 | |||||||||||
University of North Carolina Hospital Chapel Hill VRDN RB Series 2001 B (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
32,265,000 | 1.10 | 07/01/2004 | 32,265,000 | |||||||||||
Wake County GO VRDN for Public Improvement Series 2003 C (Lloyds TSB Bank PLC SPA) (A-1+/VMIG1) | ||||||||||||||
32,000,000 | 2.50 | 04/01/2005 | 32,273,045 | |||||||||||
Wilmington GO VRDN Refunding Bonds Series 2002 (Wachovia Bank SPA) (A-1+/VMIG1) | ||||||||||||||
6,225,000 | 1.08 | 07/07/2004 | 6,225,000 | |||||||||||
Winston Salem Water & Sewer Systems VRDN RB Series 2002 B (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
9,100,000 | 1.09 | 07/07/2004 | 9,100,000 | |||||||||||
$ | 192,872,366 | |||||||||||||
Ohio—2.2% | ||||||||||||||
Franklin County VRDN RB for Trinity Health Credit Series 2000 F (JP Morgan Chase & Co./Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 79,550,000 | 1.07 | % | 07/01/2004 | $ | 79,550,000 | ||||||||
Hamilton County Hospital Facilities VRDN RB for The Health Alliance of Greater Cincinnati Series 1997 B (MBIA) (Credit Suisse First Boston SPA) (A-1/VMIG1) | ||||||||||||||
20,953,000 | 1.03 | 07/07/2004 | 20,953,000 | |||||||||||
Hamilton County Hospital Facilities VRDN RB for The Health Alliance of Greater Cincinnati Series 1997 F (MBIA) (Credit Suisse First Boston SPA) (A-1/VMIG1) | ||||||||||||||
3,130,000 | 1.03 | 07/07/2004 | 3,130,000 | |||||||||||
Ohio State GO VRDN P-Floats-PT 2137 Series 2004 (Merrill Lynch SPA) (A-1) | ||||||||||||||
5,625,000 | 1.12 | 07/01/2004 | 5,625,000 | |||||||||||
Ohio State GO VRDN ROCS II-R-4544 Series 2003 (Citigroup SPA) (A-1+) | ||||||||||||||
7,945,000 | 1.15 | 07/01/2004 | 7,945,000 | |||||||||||
Ohio State University CP Series 2003 C (A-1+) | ||||||||||||||
14,750,000 | 1.05 | 10/14/2004 | 14,750,000 | |||||||||||
Ohio State University CP Series 2003 E (A-1+) | ||||||||||||||
23,600,000 | 1.00 | 08/11/2004 | 23,600,000 | |||||||||||
Ohio State University General Receipts VRDN RB Series 1999 B-2 (A-1+/VMIG1) | ||||||||||||||
2,985,000 | 1.06 | 07/07/2004 | 2,985,000 | |||||||||||
Ohio State Water Development Authority VRDN RB Refunding for Water Development Pure Water Series 2002 B (MBIA) (State Street Corp. SPA) (A-1+/VMIG1) | ||||||||||||||
14,450,000 | 1.04 | 07/07/2004 | 14,450,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Ohio (continued) | ||||||||||||||
University of Cincinnati General Receipts VRDN RB Series 2004 B (AMBAC) (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 20,000,000 | 1.08 | % | 07/01/2004 | $ | 20,000,000 | ||||||||
$ | 192,988,000 | |||||||||||||
Oklahoma—0.6% | ||||||||||||||
Oklahoma State GO VRDN Floater-PT-1879 Series 2003 (FGIC) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
$ | 9,880,000 | 1.12 | % | 07/01/2004 | $ | 9,880,000 | ||||||||
Payne County Economic Development Authority Student Housing VRDN RB for Osuf Phase III Project Series 2002 (AMBAC) (Dexia Credit Local SPA) (VMIG1) | ||||||||||||||
46,655,000 | 1.11 | 07/01/2004 | 46,655,000 | |||||||||||
$ | 56,535,000 | |||||||||||||
Oregon—1.9% | ||||||||||||||
Clackamas County Hospital Facility Authority VRDN RB for Legacy Health System Series 2003 (A-1+/VMIG1) | ||||||||||||||
$ | 5,000,000 | 1.08 | % | 07/07/2004 | $ | 5,000,000 | ||||||||
Oregon State GO Veteran’s Welfare VRDN Series 1985 73 H (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
77,400,000 | 1.02 | 07/07/2004 | 77,400,000 | |||||||||||
Oregon State GO VRDN Series 1985 73 G (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
76,300,000 | 1.02 | 07/07/2004 | 76,300,000 | |||||||||||
Portland Oregon GO for Refinancing Limited Tax Series 2002 B (Aa2) | ||||||||||||||
5,000,000 | 3.00 | 12/15/2004 | 5,043,532 | |||||||||||
$ | 163,743,532 | |||||||||||||
Pennsylvania—3.2% | ||||||||||||||
Allegheny County Hospital Development Authority VRDN RB for Presbyterian University Health System Series 1990 D (MBIA) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 3,260,000 | 1.08 | % | 07/01/2004 | $ | 3,260,000 | ||||||||
Allegheny County Hospital Development Authority VRDN RB Health Center Presbyterian Series 1990 B (MBIA) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
7,550,000 | 1.08 | 07/01/2004 | 7,550,000 | |||||||||||
Allegheny County IDA VRDN RB for UPMC Childrens Hospital Series 2004 A (JP Morgan Chase & Co. LOC) (A-1+) | ||||||||||||||
34,000,000 | 1.08 | 07/01/2004 | 34,000,000 | |||||||||||
Delaware County IDA Airport Facilities VRDN RB for United Parcel Service Project Series 1985 (A-1+) | ||||||||||||||
11,360,000 | 1.00 | 07/01/2004 | 11,360,000 | |||||||||||
Delaware Valley Regional Finance Authority Local Government VRDN Eagle Tax Exempt Trust Series 20040026 Class A (AMBAC) (Citibank SPA) (A-1+) | ||||||||||||||
5,490,000 | 1.15 | 07/01/2004 | 5,490,000 | |||||||||||
Lancaster County Hospital Authority VRDN RB for Health Center Masonic Homes Project (AMBAC) (A-1) | ||||||||||||||
11,725,000 | 1.06 | 07/07/2004 | 11,725,000 | |||||||||||
Lancaster County Hospital Authority VRDN RB for Health Center Masonic Homes Series 1999 (AMBAC) (PNC Bank SPA) (A-1/VMIG1) | ||||||||||||||
3,415,000 | 1.06 | 07/07/2004 | 3,415,000 | |||||||||||
Lancaster County Hospital Authority VRDN RB for Health Center Masonic Homes Series 2001 (AMBAC) (Wachovia Bank N.A. SPA) (A-1+) | ||||||||||||||
28,540,000 | 1.06 | 07/07/2004 | 28,540,000 | |||||||||||
Northampton County General Purpose Authority VRDN RB for Higher Education Lehigh University Series 2004 (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
6,000,000 | 1.08 | 07/01/2004 | 6,000,000 | |||||||||||
Pennsylvania Intergovernmental Cooperative Authority VRDN Special Tax Refunding for Philadelphia Funding Series 2003 (AMBAC) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
58,990,000 | 1.09 | 07/01/2004 | 58,990,000 | |||||||||||
Pennsylvania Turnpike Commission VRDN RB Series 2002 A-1 (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
28,850,000 | 1.04 | 07/07/2004 | 28,850,000 | |||||||||||
Pennsylvania Turnpike Commission VRDN RB Series 2002 A-3 (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
36,785,000 | 1.04 | 07/07/2004 | 36,785,000 | |||||||||||
Pennsylvania Turnpike Commission VRDN RB Series 2002 B (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
28,605,000 | 1.08 | 07/01/2004 | 28,605,000 | |||||||||||
Philadelphia Hospitals & Higher Education Facilities Authority VRDN RB for Children’s Hospital Project Series 2002 B (JP Morgan Chase & Co./ Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
3,000,000 | 1.10 | 07/01/2004 | 3,000,000 | |||||||||||
Temple University of Commonwealth Systems of Higher Education University Funding Obligation (MIG1) | ||||||||||||||
12,500,000 | 2.25 | 05/02/2005 | 12,601,073 | |||||||||||
$ | 280,171,073 | |||||||||||||
Puerto Rico—2.1% | ||||||||||||||
Commonwealth of Puerto Rico TRANS Series 2003 (SP-1+/MIG1) | ||||||||||||||
$ | 19,000,000 | 2.00 | % | 07/30/2004 | $ | 19,014,967 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Puerto Rico (continued) | ||||||||||||||
Puerto Rico Government Development Bank CP (A-1) | ||||||||||||||
$ | 22,112,000 | 0.99 | % | 07/09/2004 | $ | 22,112,000 | ||||||||
6,000,000 | 0.97 | 07/12/2004 | 6,000,000 | |||||||||||
2,055,000 | 0.98 | 07/12/2004 | 2,055,000 | |||||||||||
17,898,000 | 0.99 | 07/13/2004 | 17,898,000 | |||||||||||
14,632,000 | 0.99 | 07/20/2004 | 14,632,000 | |||||||||||
18,503,000 | 0.99 | 07/29/2004 | 18,503,000 | |||||||||||
7,620,000 | 0.96 | 08/09/2004 | 7,620,000 | |||||||||||
17,185,000 | 0.96 | 08/12/2004 | 17,185,000 | |||||||||||
16,000,000 | 0.97 | 08/13/2004 | 16,000,000 | |||||||||||
13,500,000 | 0.99 | 08/26/2004 | 13,500,000 | |||||||||||
13,000,000 | 1.20 | 08/26/2004 | 13,000,000 | |||||||||||
5,000,000 | 1.17 | 09/09/2004 | 5,000,000 | |||||||||||
12,000,000 | 1.20 | 10/08/2004 | 12,000,000 | |||||||||||
$ | 184,519,967 | |||||||||||||
Rhode Island—0.3% | ||||||||||||||
Narragansett Bay Commission Wastewater System VRDN RB Series 2004 A (MBIA) (Dexia Credit Local SPA) (A-1+) | ||||||||||||||
$ | 25,100,000 | 1.01 | % | 07/07/2004 | $ | 25,100,000 | ||||||||
Rhode Island Clean Water Protection Finance Agency VRDN PCRB P-Floats-PT 1403 Series 2002 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
5,165,000 | 1.12 | 07/01/2004 | 5,165,000 | |||||||||||
$ | 30,265,000 | |||||||||||||
South Carolina—1.1% | ||||||||||||||
Charleston Waterworks & Sewer VRDN RB Refunding for Capital Improvement Series 2003 A (Bank of America N.A. SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 9,000,000 | 1.10 | % | 07/01/2004 | $ | 9,000,000 | ||||||||
South Carolina Association of Governmental Organizations TANS Series 2004 (MIG1) | ||||||||||||||
20,000,000 | 2.75 | > | 04/15/2005 | 20,190,000 | ||||||||||
South Carolina Eagle Tax-Exempt Trust Series 20014001 Class A (MBIA) (Citibank SPA) (A-1+) | ||||||||||||||
7,000,000 | 1.14 | 07/01/2004 | 7,000,000 | |||||||||||
South Carolina Public Service Authority CP (BNP Paribas/ Dexia Credit Local LOC) (A-1+) | ||||||||||||||
13,000,000 | 1.12 | 08/17/2004 | 13,000,000 | |||||||||||
13,000,000 | 1.12 | 08/18/2004 | 13,000,000 | |||||||||||
South Carolina Public Service Authority VRDN RB P-Floats-PT-1877 Series 2003 (AMBAC) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,980,000 | 1.12 | 07/01/2004 | 5,980,000 | |||||||||||
South Carolina State Public Services Authority VRDN RB Eagle Tax-Exempt Trust Series 20040017 Class A (AMBAC) (Citibank SPA) (A-1+) | ||||||||||||||
10,000,000 | 1.14 | 07/01/2004 | 10,000,000 | |||||||||||
South Carolina State Public Services Authority VRDN RB Merlots Series 2004 B06 (AMBAC) (Wachovia Bank SPA) (A-1) | ||||||||||||||
10,000,000 | 1.12 | 07/07/2004 | 10,000,000 | |||||||||||
South Carolina State Public Services Authority VRDN RB ROCS II-R-6007 (AMBAC) (Citibank SPA) (A-1+) | ||||||||||||||
4,585,000 | 1.14 | 07/01/2004 | 4,585,000 | |||||||||||
South Carolina State VRDN P-Floats-PT 1225 Series 2000 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
6,805,000 | 1.10 | 07/01/2004 | 6,805,000 | |||||||||||
$ | 99,560,000 | |||||||||||||
Tennessee—2.2% | ||||||||||||||
City of Memphis GO CP Series 2001 (Westdeutsche Landesbank SPA) (A-1+/P-1) | ||||||||||||||
$ | 14,100,000 | 0.96 | % | 08/11/2004 | $ | 14,100,000 | ||||||||
12,000,000 | 0.97 | 09/10/2004 | 12,000,000 | |||||||||||
5,000,000 | 0.97 | 09/14/2004 | 5,000,000 | |||||||||||
Knoxville Utilities Board VRDN RB Adjusted Subordinate Gas System Notes Series 2000 (FSA) (Suntrust Bank SPA) (A-1+/VMIG1) | ||||||||||||||
2,600,000 | 1.07 | 07/01/2004 | 2,600,000 | |||||||||||
Knoxville Utilities Board VRDN RB Adjusted Subordinated Water System Notes Series 2000 (FSA) (Suntrust Bank SPA) (A-1+/VMIG1) | ||||||||||||||
2,780,000 | 1.07 | 07/01/2004 | 2,780,000 | |||||||||||
Metropolitan Government Nashville & Davidson County Health & Education Facilities Board VRDN RB Refunding for Vanderbilt University Series 2000 B (Bayerische Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
35,385,000 | 1.07 | 07/01/2004 | 35,385,000 | |||||||||||
Metropolitan Government Nashville & Davidson County Health & Education Facilities Board VRDN RB Refunding for Vanderbilt University Series 2003 A (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
35,155,000 | 1.07 | 07/01/2004 | 35,155,000 | |||||||||||
Metropolitan Government Nashville & Davidson County Health & Education Facilities Board VRDN RB for Vanderbilt University Series 2002 B (Bayerische Landesbank/ Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
13,100,000 | 1.06 | 07/01/2004 | 13,100,000 | |||||||||||
Metropolitan Government of Nashville & Davidson CP (A-1+) | ||||||||||||||
5,000,000 | 0.98 | 09/10/2004 | 5,000,000 | |||||||||||
10,000,000 | 1.07 | 10/14/2004 | 10,000,000 | |||||||||||
Sevier County Public Building Authority VRDN RB for Local Government Improvement Series 1999 III-F (AMBAC) (Landesbank Hessen-Thueringen Girozentrale SPA) (VMIG1) | ||||||||||||||
24,760,000 | 1.10 | 07/01/2004 | 24,760,000 | |||||||||||
Shelby Eagle Tax-Exempt Trust Series 20014202 Class A COPS (Citibank SPA) (A-1+) | ||||||||||||||
17,000,000 | 1.14 | 07/01/2004 | 17,000,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Tennessee (continued) | ||||||||||||||
Tennessee GO CP Series A (Tennessee Consolidated Retirement System) (A-1+) | ||||||||||||||
$ | 5,000,000 | 1.15 | % | 09/07/2004 | $ | 5,000,000 | ||||||||
7,425,000 | 0.98 | 09/09/2004 | 7,425,000 | |||||||||||
$ | 189,305,000 | |||||||||||||
Texas—11.9% | ||||||||||||||
City of Houston CP Notes (Dexia Credit Local/ Landesbank Hessen-Thueringen SPA) (A-1+) | ||||||||||||||
$ | 15,000,000 | 1.12 | % | 08/06/2004 | $ | 15,000,000 | ||||||||
City of Houston CP Series E (Bank of America NA SPA) (A-1+) | ||||||||||||||
5,000,000 | 0.95 | 07/20/2004 | 5,000,000 | |||||||||||
City of San Antonio Electric & Gas System VRDN Series 1997 SG 105 (Societe Generale SPA) (A-1+) | ||||||||||||||
19,170,000 | 1.12 | 07/01/2004 | 19,170,000 | |||||||||||
Coastal Bend Health Facilities Development Corp. VRDN Updates Series 1998 B (AMBAC) (Bank One, N.A. SPA) (F-1+/VMIG1) | ||||||||||||||
26,800,000 | 1.06 | 07/07/2004 | 26,800,000 | |||||||||||
Cypress Fairbanks Texas Independent School District VRDN Merlots Series 2001 A129 (Wachovia Bank N.A. SPA) (A-1) | ||||||||||||||
9,980,000 | 1.12 | 07/07/2004 | 9,980,000 | |||||||||||
Dallas Texas Area Rapid Transit CP (Westdeutsche Landesbank/ Bayerische Landesbank/ Landesbank Baden-Wurttemberg/State Street Corp. SPA) (A-1+) | ||||||||||||||
9,000,000 | 0.98 | 07/12/2004 | 9,000,000 | |||||||||||
Dallas Texas Area Rapid Transit VRDN RB P-Floats-PT 1503 Series 2002 (FGIC) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
5,450,000 | 1.12 | 07/01/2004 | 5,450,000 | |||||||||||
Dallas Texas Area Rapid Transit VRDN RB P-Floats-PT 2069 Series 2003 (AMBAC) (Merril Lynch SPA) (F-1+) | ||||||||||||||
5,755,000 | 1.12 | 07/01/2004 | 5,755,000 | |||||||||||
Dallas Texas Independent School District P-Floats-PT 1909 Series 2003 (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,650,000 | 1.12 | 07/01/2004 | 5,650,000 | |||||||||||
Dallas Texas Water Utilities CP (JP Morgan Chase & Co. SPA) (A-1+) | ||||||||||||||
4,000,000 | 1.12 | 08/06/2004 | 4,000,000 | |||||||||||
10,475,000 | 1.13 | 08/06/2004 | 10,475,000 | |||||||||||
Harris County Health Facilities Development Corp. VRDN RB for Methodist Hospital (A-1+) | ||||||||||||||
258,560,000 | 1.10 | 07/01/2004 | 258,560,000 | |||||||||||
Harris County Health Facilities Development Corp. VRDN RB for St. Lukes Episcopal Hospital Series 2001 B (JP Morgan Chase & Co./ Bayerische Landesbank/Northern Trust/ Bank of America SPA) (A1+) | ||||||||||||||
44,095,000 | 1.10 | 07/01/2004 | 44,095,000 | |||||||||||
Harris County Municipal Securities Trust Receipts Series 2004 SGB-52-A (A-1+) | ||||||||||||||
11,960,000 | 1.12 | 07/01/2004 | 11,960,000 | |||||||||||
Houston Texas Community College GO VRDN ROCS II-R-2084 Series 2004 (AMBAC) (Citigroup SPA) (A-1+) | ||||||||||||||
2,775,000 | 1.14 | 07/01/2004 | 2,775,000 | |||||||||||
Houston Texas CP Series B (JP Morgan Chase & Co. SPA) (A-1+) | ||||||||||||||
7,000,000 | 1.10 | 08/09/2004 | 7,000,000 | |||||||||||
9,000,000 | 1.00 | 08/17/2004 | 9,000,000 | |||||||||||
Houston Texas GO Refunding & Public Improvement Series 1999 A (AA-/Aa3) | ||||||||||||||
8,800,000 | 5.00 | 03/01/2005 | 9,030,722 | |||||||||||
Houston Texas GO VRDN P-Floats-PT 1817 Series 2003 (FSA) (Westdeutsche Landesbank SPA) (A-1+) | ||||||||||||||
5,440,000 | 1.12 | 07/01/2004 | 5,440,000 | |||||||||||
Houston Texas GO VRDN P-Floats-PT 2214 Series 2004 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
10,730,000 | 1.12 | 07/01/2004 | 10,730,000 | |||||||||||
Houston Texas GO VRDN P-Floats-PT 2233 Series 2004 (MBIA) (Merrill Lynch SPA) (A-1) | ||||||||||||||
16,070,000 | 1.12 | 07/01/2004 | 16,070,000 | |||||||||||
Houston Texas GO VRDN ROCS II-R-1048 (Citigroup SPA) (VMIG1) | ||||||||||||||
10,310,000 | 1.14 | 07/01/2004 | 10,310,000 | |||||||||||
Houston Texas GO VRDN ROCS II-R-4062 Series 2004 (Citigroup SPA) (A-1+) | ||||||||||||||
5,345,000 | 1.15 | 07/01/2004 | 5,345,000 | |||||||||||
Lower Colorado River Authority CP (Westdeutsche Landesbank/ J.P. Morgan Chase & Co./ State Street Corp. LOC) (A-1+) | ||||||||||||||
5,700,000 | 1.02 | 07/08/2004 | 5,700,000 | |||||||||||
North Texas Tollway Authority VRDN RB Dallas North Tollway Systems Floating Rate RCPTS Series 2003 SG-167 (A-1+) | ||||||||||||||
8,975,000 | 1.12 | 07/01/2004 | 8,975,000 | |||||||||||
Rice University CP (A-1+) | ||||||||||||||
14,000,000 | 0.99 | 08/11/2004 | 14,000,000 | |||||||||||
6,300,000 | 1.00 | 10/18/2004 | 6,300,000 | |||||||||||
San Antonio Electric & Gas RB Refunding Series 2003 (AA+/Aa1) | ||||||||||||||
10,000,000 | 4.00 | 02/01/2005 | 10,172,847 | |||||||||||
San Antonio Electric & Gas Systems CP (Westdeutsche Landesbank/Landesbank Baden-Wurttemberg/ JP Morgan Chase & Co./ Bank of New York SPA) (A-1+) | ||||||||||||||
18,000,000 | 0.95 | 07/08/2004 | 18,000,000 | |||||||||||
11,900,000 | 1.12 | 07/13/2004 | 11,900,000 | |||||||||||
8,000,000 | 0.95 | 07/20/2004 | 8,000,000 | |||||||||||
10,000,000 | 1.12 | 07/27/2004 | 10,000,000 | |||||||||||
13,700,000 | 1.12 | 08/17/2004 | 13,700,000 | |||||||||||
10,000,000 | 1.12 | 08/18/2004 | 10,000,000 | |||||||||||
17,900,000 | 1.12 | 08/23/2004 | 17,900,000 | |||||||||||
7,200,000 | 1.06 | 08/25/2004 | 7,200,000 | |||||||||||
12,000,000 | 1.00 | 09/08/2004 | 12,000,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Texas (continued) | ||||||||||||||
San Antonio Electric & Gas VRDN RB Systems Junior Lien Series 2003 (Bank of America SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 10,000,000 | 1.09 | % | 07/07/2004 | $ | 10,000,000 | ||||||||
San Antonio Water VRDN RB ROCS II-R-4064 Series 2004 (FGIC) (Citigroup SPA) (A-1+) | ||||||||||||||
5,390,000 | 1.14 | 07/01/2004 | 5,390,000 | |||||||||||
South Texas Community College District VRDN P-Floats-PT 1415 Series 2002 (AMBAC) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
6,570,000 | 1.12 | 07/01/2004 | 6,570,000 | |||||||||||
Texas A & M University CP Series B (A-1+) | ||||||||||||||
12,000,000 | 0.95 | 08/10/2004 | 12,000,000 | |||||||||||
19,000,000 | 0.95 | 08/12/2004 | 19,000,000 | |||||||||||
Texas A & M University Paramount University Fund CP Series 2002 (A-1+) | ||||||||||||||
10,000,000 | 0.98 | 08/09/2004 | 10,000,000 | |||||||||||
5,000,000 | 0.95 | 08/10/2004 | 5,000,000 | |||||||||||
5,000,000 | 0.95 | 08/17/2004 | 5,000,000 | |||||||||||
5,000,000 | 1.10 | 08/17/2004 | 5,000,000 | |||||||||||
7,000,000 | 1.10 | 08/18/2004 | 7,000,000 | |||||||||||
6,000,000 | 1.10 | 08/19/2004 | 6,000,000 | |||||||||||
Texas Public Finance Authority CP Series 2002 (A-1+) | ||||||||||||||
4,000,000 | 1.12 | 08/18/2004 | 4,000,000 | |||||||||||
Texas State GO VRDN P-Floats-PT 1529 Series 2002 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
6,780,000 | 1.12 | 07/01/2004 | 6,780,000 | |||||||||||
Texas State TRANS Series 2003 (SP-1+/MIG1) | ||||||||||||||
193,000,000 | 2.00 | 08/31/2004 | 193,271,561 | |||||||||||
University of Texas Permanent University Fund VRDN RB for Municipal Trust Receipts (Societe Generale SPA) (A-1+) | ||||||||||||||
6,690,000 | 1.14 | 07/01/2004 | 6,690,000 | |||||||||||
University of Texas School Board of Regents CP (A-1+) | ||||||||||||||
20,000,000 | 0.95 | 07/13/2004 | 20,000,000 | |||||||||||
5,857,000 | 1.00 | 07/20/2004 | 5,857,000 | |||||||||||
12,000,000 | 1.12 | 09/07/2004 | 12,000,000 | |||||||||||
12,000,000 | 1.12 | 09/08/2004 | 12,000,000 | |||||||||||
University of Texas VRDN RB P-Floats-PT 1698 Series 2003 A (Merrill Lynch SPA) (A-1) | ||||||||||||||
500,000 | 1.12 | 07/01/2004 | 500,000 | |||||||||||
Westside Calhoun County Development VRDN RB for Updates-Sohio Chemical Corp. Project Series 1985 (A-1+) | ||||||||||||||
8,900,000 | 1.10 | 07/01/2004 | 8,900,000 | |||||||||||
Williamson County GO VRDN Stars Certificates BNP Series 2004-65 (FSA) (BNP Paribas SPA) (VMIG1) | ||||||||||||||
15,785,000 | 1.12 | 07/01/2004 | 15,785,000 | |||||||||||
$ | 1,037,187,130 | |||||||||||||
Utah—3.6% | ||||||||||||||
Central Water Conservancy District GO VRDN Refunding for Tender Option Series 1998 E (AMBAC) (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
$ | 27,410,000 | 1.05 | % | 07/07/2004 | $ | 27,410,000 | ||||||||
Central Water Conservancy District GO VRDN Refunding for Tender Option Series 1998 F (AMBAC) (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
14,405,000 | 1.05 | 07/07/2004 | 14,405,000 | |||||||||||
Central Water Conservancy District GO VRDN Refunding Series 2002 A (AMBAC) (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
14,850,000 | 1.05 | 07/07/2004 | 14,850,000 | |||||||||||
Murray City Hospital VRDN RB for IHC Health Services, Inc. Series 2003 A (A-1+) | ||||||||||||||
47,000,000 | 1.08 | 07/01/2004 | 47,000,000 | |||||||||||
Murray City Hospital VRDN RB for IHC Health Services, Inc. Series 2003 B (A-1+) | ||||||||||||||
25,000,000 | 1.08 | 07/01/2004 | 25,000,000 | |||||||||||
Murray City Hospital VRDN RB for IHC Health Services, Inc. Series 2003 C (A-1+) | ||||||||||||||
42,150,000 | 1.10 | 07/01/2004 | 42,150,000 | |||||||||||
Murray City Hospital VRDN RB for IHC Health Services, Inc. Series 2003 D (A-1+) | ||||||||||||||
32,900,000 | 1.10 | 07/01/2004 | 32,900,000 | |||||||||||
Salt Lake County GO TRANS Series 2004 | ||||||||||||||
5,000,000 | 2.50 | > | 12/30/2004 | 5,028,350 | ||||||||||
University of Utah VRDN RB for Auxiliary & Campus Facilities Series 1997 A (Bank of Nova Scotia SPA) (A-1+/VMIG1) | ||||||||||||||
4,225,000 | 1.06 | 07/07/2004 | 4,225,000 | |||||||||||
Utah County Hospital VRDN RB for IHC Health Services, Inc. Series 2002 C (Westdeutsche Landesbank SPA) (A-1+/VMIG1) | ||||||||||||||
19,000,000 | 1.08 | 07/01/2004 | 19,000,000 | |||||||||||
Utah Transit Authority Sales Tax VRDN RB for Tender Option Subseries 2002 B (Bayerische Landesbank LOC) (A-1+/VMIG1) | ||||||||||||||
7,500,000 | 1.08 | 07/01/2004 | 7,500,000 | |||||||||||
Utah Water Finance Agency VRDN RB Series 2002 A-1 (AMBAC) (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
8,245,000 | 1.10 | 07/07/2004 | 8,245,000 | |||||||||||
Utah Water Finance Agency VRDN RB Series 2004 A-9 (AMBAC) (JP Morgan Chase & Co. SPA) (VMIG1) | ||||||||||||||
10,000,000 | 1.10 | 07/07/2004 | 10,000,000 | |||||||||||
Weber County Hospital VRDN RB for IHC Health Services, Inc. Series 2000 A (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
29,100,000 | 1.10 | 07/01/2004 | 29,100,000 | |||||||||||
Weber County Utah Hospital VRDN RB for IHC Health Services, Inc. Series 2000 C (Landesbank Hessen-Thueringen SPA) (A-1+/VMIG1) | ||||||||||||||
25,800,000 | 1.10 | 07/01/2004 | 25,800,000 | |||||||||||
$ | 312,613,350 | |||||||||||||
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Virginia—1.8% | ||||||||||||||
Fairfax County Virginia GO Refunding & Public Improvement Series 2004 A (AAA/Aaa) | ||||||||||||||
$ | 11,730,000 | 2.00 | % | 04/01/2005 | $ | 11,807,611 | ||||||||
Fairfax Virginia County Economic DAR VRDN RB for Smithsonian Institution Series 2003 A (Bank of America N.A. SPA) (A-1+/VMIG1) | ||||||||||||||
20,900,000 | 1.03 | 07/01/2004 | 20,900,000 | |||||||||||
Loudoun Virginia County IDA VRDN RB for Howard Hughes Medical Series 2003 D (A-1+/VMIG1) | ||||||||||||||
27,080,000 | 1.01 | 07/07/2004 | 27,080,000 | |||||||||||
Loudoun Virginia County IDA VRDN RB for Howard Hughes Medical Series 2003 E (A-1+/VMIG1) | ||||||||||||||
17,035,000 | 1.06 | 07/01/2004 | 17,035,000 | |||||||||||
Loudoun Virginia County IDA VRDN RB for Howard Hughes Medical Series 2003 F (A-1+/VMIG1) | ||||||||||||||
16,585,000 | 1.05 | 07/07/2004 | 16,585,000 | |||||||||||
Roanoke IDA Hospital VRDN RB Refunding for Carilion Health System Series 2002 B (JP Morgan Chase & Co. SPA) (A-1+/VMIG1) | ||||||||||||||
30,810,000 | 1.10 | 07/01/2004 | 30,810,000 | |||||||||||
Roanoke IDA Hospital VRDN RB Refunding for Carilion Health System Series 2002 C (Wachovia Bank N.A. SPA) (A-1+/VMIG1) | ||||||||||||||
4,525,000 | 1.10 | 07/01/2004 | 4,525,000 | |||||||||||
Roanoke IDA Hospital VRDN RB Refunding for Carilion Health Systems Series 2002 D (Bank of America N.A. SPA) (A-1+/VMIG1) | ||||||||||||||
17,545,000 | 1.08 | 07/01/2004 | 17,545,000 | |||||||||||
Virginia College Building Authority Educational Facilities VRDN RB for The University of Richmond Project Series 1999 (Suntrust Bank SPA) (VMIG1) | ||||||||||||||
3,000,000 | 1.06 | 07/07/2004 | 3,000,000 | |||||||||||
Virginia State Public School Authority RB for School Equipment Financing Notes Issue VI Series 2000 (AA/Aa2) | ||||||||||||||
4,500,000 | 5.25 | 04/01/2005 | 4,638,302 | |||||||||||
$ | 153,925,913 | |||||||||||||
Washington—4.1% | ||||||||||||||
Energy Northwest Electric VRDN RB Merlots Series 2003-A04 (MBIA) (Wachovia Bank SPA) (VMIG1) | ||||||||||||||
$ | 8,785,000 | 1.12 | % | 07/07/2004 | $ | 8,785,000 | ||||||||
Energy Northwest Electric VRDN RB P-Floats-PT 2236 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,700,000 | 1.12 | 07/01/2004 | 5,700,000 | |||||||||||
Energy Northwest Electric VRDN RB Refunding Project No. 3 Series 2003 E (JP Morgan Chase & Co. LOC) (A-1+/VMIG1) | ||||||||||||||
83,225,000 | 1.04 | 07/07/2004 | 83,225,000 | |||||||||||
Energy Northwest Washington Electric VRDN RB Floater-PT 2165 Series 2004 (FSA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
5,450,000 | 1.12 | 07/01/2004 | 5,450,000 | |||||||||||
Grant County Public Utility District Eagle Trust Series 20014702 Class A (FSA) (Citibank SPA) (A-1+) | ||||||||||||||
8,810,000 | 1.14 | 07/01/2004 | 8,810,000 | |||||||||||
King & Snohomish Counties Washington School District #417 Northshore GO VRDN P-Floats-PT 1445 Series 2002 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
5,215,000 | 1.12 | 07/01/2004 | 5,215,000 | |||||||||||
King County CP Series 2002 A (Bayerische Landesbank SPA) (A-1) | ||||||||||||||
6,400,000 | 1.10 | 07/29/2004 | 6,400,000 | |||||||||||
16,300,000 | 1.12 | 08/02/2004 | 16,300,000 | |||||||||||
King County School District No. 401 Highline Public Schools GO VRDN PT 1423 (FGIC) (Merrill Lynch SPA) (A-1) | ||||||||||||||
11,145,000 | 1.12 | 07/01/2004 | 11,145,000 | |||||||||||
Port Seattle VRDN RB Floaters Series 2003 849-D (MBIA) (Morgan Stanley SPA) (A-1+) | ||||||||||||||
20,439,500 | 1.13 | 07/01/2004 | 20,439,500 | |||||||||||
Snohomish County Public Utility District No. 1 VRDN RB Adjusted Refunding Series 2002 A-2 (FSA) (Dexia Credit Local SPA) (A-1+/VMIG1) | ||||||||||||||
12,035,000 | 1.07 | 07/07/2004 | 12,035,000 | |||||||||||
Tacoma Regional Water Supply Systems VRDN RB Merlots Series 2003-B05 (MBIA) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
13,875,000 | 1.12 | 07/07/2004 | 13,875,000 | |||||||||||
Washington State P-Floats-PT 1781 Series 2003 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
7,050,000 | 1.25 | 04/07/2005 | 7,050,000 | |||||||||||
Washington State GO VRDN P-Floats-PT 433 Floaters Series 2000 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
19,865,000 | 1.12 | 07/01/2004 | 19,865,000 | |||||||||||
Washington State Eagle Tax-Exempt Trust Series 2000 Class A COPS (Citibank SPA) (A-1+) | ||||||||||||||
12,000,000 | 1.14 | 07/01/2004 | 12,000,000 | |||||||||||
Washington State Eagle Tax-Exempt Trust Series 20024701 Class A (FSA) (Citibank SPA) (A-1+) | ||||||||||||||
10,060,000 | 1.14 | 07/01/2004 | 10,060,000 | |||||||||||
Washington State Eagle Tax-Exempt Trust Series 20024703 Class A (MBIA) (Citibank SPA) (A-1+) | ||||||||||||||
6,915,000 | 1.14 | 07/01/2004 | 6,915,000 | |||||||||||
Washington State Eagle Tax-Exempt Trust Series 984702 Class A (Citibank SPA) (A-1+) | ||||||||||||||
6,500,000 | 1.14 | 07/01/2004 | 6,500,000 | |||||||||||
Washington State GO Series 1994 A (AA+/Aa1) | ||||||||||||||
7,000,000 | 6.10 | 09/01/2004 | 7,059,056 | |||||||||||
Washington State GO Series 2003 A (AA+/Aa1) | ||||||||||||||
12,890,000 | 6.00 | 09/01/2004 | 12,996,611 | |||||||||||
Washington State GO Eagle Tax-Exempt Trust Series 96C 4704 Class A (Citibank SPA) (A-1+) | ||||||||||||||
8,525,000 | 1.14 | 07/01/2004 | 8,525,000 | |||||||||||
Washington State GO VRDN for Merlots Series 2002 A57 (MBIA) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
20,560,000 | 1.12 | 07/07/2004 | 20,560,000 |
Principal | Interest | Maturity | Amortized | |||||||||||
Amount | Rate | Date | Cost | |||||||||||
Washington (continued) | ||||||||||||||
Washington State GO VRDN for Merlots Series 2002 A65 (MBIA) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
$ | 7,610,000 | 1.12 | % | 07/07/2004 | $ | 7,610,000 | ||||||||
Washington State GO VRDN for Merlots Series 2003 B23 (MBIA) (Wachovia Bank N.A. SPA) (VMIG1) | ||||||||||||||
18,195,000 | 1.12 | 07/07/2004 | 18,195,000 | |||||||||||
Washington State GO VRDN P-Floats-PT 2093 Series 2004 (AMBAC) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
8,980,000 | 1.12 | 07/01/2004 | 8,980,000 | |||||||||||
Washington State GO VRDN P-Floats-PT 1407 Series 2002 (Merrill Lynch SPA) (A-1+) | ||||||||||||||
7,465,000 | 1.12 | 07/01/2004 | 7,465,000 | |||||||||||
Washington State GO VRDN P-Floats-PT 775 Series 2003 (FSA) (Svenska Handelsbanken SPA) (A-1+) | ||||||||||||||
2,310,000 | 1.14 | 07/01/2004 | 2,310,000 | |||||||||||
Washington State Public Power Supply System Nuclear Project No. 1 VRDN Refunding Series 1993 1A-2 (Bank of America LOC) (A-1+/VMIG1) | ||||||||||||||
3,340,000 | 1.07 | 07/07/2004 | 3,340,000 | |||||||||||
$ | 356,810,167 | |||||||||||||
West Virginia—0.1% | ||||||||||||||
Marshall County VRDN PCRB Updates-Mountaineer Carbon Co. (A-1+/P-1) | ||||||||||||||
$ | 9,000,000 | 1.10 | % | 07/01/2004 | $ | 9,000,000 | ||||||||
Wisconsin—1.4% | ||||||||||||||
Milwaukee Metropolitan Sewage District GO Capital Purpose Bonds Series 1992 A Eagle Tax-Exempt Trust Series 944905 Class A (Citibank SPA) (A-1+) | ||||||||||||||
$ | 10,300,000 | 1.14 | % | 07/01/2004 | $ | 10,300,000 | ||||||||
Southeast Professional Baseball Park District Sales Tax Revenue VRDN P-Floats-PT 425 Series 2002 (MBIA) (Merrill Lynch SPA) (A-1) | ||||||||||||||
5,500,000 | 1.12 | 07/01/2004 | 5,500,000 | |||||||||||
Wisconsin Eagle Tax-Exempt Trust Series 20004901 Class A (Citibank SPA) (A-1+) | ||||||||||||||
7,615,000 | 1.14 | 07/01/2004 | 7,615,000 | |||||||||||
Wisconsin State GO VRDN Floater-PT 1507 Series 2002 (FGIC) (Merrill Lynch SPA) (A-1+) | ||||||||||||||
5,840,000 | 1.12 | 07/01/2004 | 5,840,000 | |||||||||||
Wisconsin State GO VRDN P-Floats-PT 2213 Series 2004 (MBIA) (Merrill Lynch SPA) | ||||||||||||||
30,070,000 | 1.12 | 07/01/2004 | 30,070,000 | |||||||||||
Wisconsin State GO VRDN Series 2004-901 (MBIA) (Morgan Stanley SPA) (VMIG1) | ||||||||||||||
6,000,000 | 1.13 | 07/01/2004 | 6,000,000 | |||||||||||
Wisconsin State Health & Educational Facilities Authority VRDN RB P-Floats-PT 917 Series 2004 (MBIA) (Merrill Lynch SPA) (F-1+) | ||||||||||||||
57,000,000 | 1.12 | 07/01/2004 | 57,000,000 | |||||||||||
$ | 122,325,000 | |||||||||||||
Wyoming—0.3% | ||||||||||||||
Sublette County VRDN PCRB Floating Rate for Exxon Project Series 1984 (A-1+/P-1) | ||||||||||||||
$ | 14,285,000 | 1.01 | % | 07/01/2004 | $ | 14,285,000 | ||||||||
Uinta County VRDN PCRB Refunding for Chevron USA, Inc. Project Series 1993 (P-1) | ||||||||||||||
9,850,000 | 1.05 | 07/01/2004 | 9,850,000 | |||||||||||
$ | 24,135,000 | |||||||||||||
Total Investments—102.3% | $ | 8,920,738,483 | ||||||||||||
> | All or portion represents a forward commitment. |
Interest rates represent either the stated coupon rate, or for floating rate securities, the current reset rate, which is based upon current interest rate indices.
Maturity dates represent either the stated date on the security, the next interest reset date for floating rate securities, or the prerefunded date for those types of securities.
Security ratings are obtained from Standard & Poor’s/Moody’s Investors Service/Fitch and are unaudited.
The percentage shown for each category reflects the value of investments in that category as a percentage of net assets.
AMBAC | — | Insured by American Municipal Bond Assurance Corp. | ||
AMT | — | Alternative Minimum Tax | ||
COPS | — | Certificates of Participation | ||
CP | — | Commercial Paper | ||
DAR | — | Development Authority Revenue | ||
FGIC | — | Insured by Financial Guaranty Insurance Co. | ||
FHLMC | — | Insured by Federal Home Loan Mortgage Corp. | ||
FNMA | — | Insured by Federal National Mortgage Association | ||
FSA | — | Insured by Financial Security Assurance Co. | ||
GO | — | General Obligation | ||
IDA | — | Industrial Development Authority | ||
IDB | — | Industrial Development Bond | ||
IDRB | — | Industrial Development Revenue Bond | ||
LOC | — | Letter of Credit | ||
MBIA | — | Insured by Municipal Bond Investors Assurance | ||
MF Hsg. | — | Multi-Family Housing | ||
PCRB | — | Pollution Control Revenue Bond | ||
P-Floats | — | Puttable Floating Rate Securities | ||
RANS | — | Revenue Anticipation Notes | ||
RB | — | Revenue Bond | ||
RCPTS | — | Receipts | ||
ROCS | — | Reset Option Certificates | ||
SPA | — | Stand-by-Purchase Agreement | ||
SPI | — | Securities Purchase Inc. | ||
TANS | — | Tax Anticipation Notes | ||
TFA | — | Transportation Finance Authority | ||
TRANS | — | Tax Revenue Anticipation Notes | ||
VRDN | — | Variable Rate Demand Note | ||
XLCA | — | XL Capital Assurance |
Prime | ||||||||||
Obligations | Money Market | |||||||||
Fund | Fund | |||||||||
Assets: | ||||||||||
Investment in securities, at value based on amortized cost | $ | 22,713,689,142 | $ | 8,108,584,122 | ||||||
Repurchase agreements, at value based on amortized cost — unaffiliated issuers | 2,264,400,000 | 845,000,000 | ||||||||
Repurchase agreements, at value based on amortized cost — affiliated issuers | 200,000,000 | — | ||||||||
Cash | 61,401 | 57,145 | ||||||||
Receivables: | ||||||||||
Interest | 18,508,853 | 14,509,768 | ||||||||
Fund shares sold | — | 2,581,310 | ||||||||
Reimbursements from investment adviser | — | — | ||||||||
Other assets | 355,246 | 128,071 | ||||||||
Total assets | 25,197,014,642 | 8,970,860,416 | ||||||||
Liabilities: | ||||||||||
Payables: | ||||||||||
Investment securities purchased | — | — | ||||||||
Income distribution | 11,997,109 | 3,640,882 | ||||||||
Fund shares repurchased | 839,834 | 554,083 | ||||||||
Amounts owed to affiliates | 3,465,111 | 1,304,423 | ||||||||
Accrued expenses and other liabilities | 1,723,753 | 503,105 | ||||||||
Total liabilities | 18,025,807 | 6,002,493 | ||||||||
Net Assets: | ||||||||||
Paid-in capital | 25,178,988,835 | 8,964,857,923 | ||||||||
Accumulated net realized loss on investment transactions | — | — | ||||||||
Net assets | $ | 25,178,988,835 | $ | 8,964,857,923 | ||||||
Net asset value, offering and redemption price per share: | $1.00 | $ | 1.00 | |||||||
Shares outstanding: | ||||||||||
FST Shares | 19,567,405,913 | 8,175,298,218 | ||||||||
FST Select Shares | 116,481,277 | 28,969,968 | ||||||||
FST Preferred Shares | 1,740,710,821 | 110,447,569 | ||||||||
FST Capital Shares | 179,665,821 | 30,289,563 | ||||||||
FST Administration Shares | 2,719,871,670 | 360,564,428 | ||||||||
FST Service Shares | 854,853,333 | 259,288,177 | ||||||||
Total shares outstanding, $.001 par value (unlimited number of shares authorized) | 25,178,988,835 | 8,964,857,923 | ||||||||
Treasury | Treasury | |||||||||||||||||
Obligations | Instruments | Government | Federal | Tax-Free Money | ||||||||||||||
Fund | Fund | Fund | Fund | Market Fund | ||||||||||||||
$ | 803,934,036 | $ | 1,955,249,264 | $ | 2,183,675,454 | $ | 6,970,940,995 | $ | 8,920,738,483 | |||||||||
3,178,000,000 | — | 963,200,000 | — | — | ||||||||||||||
50,000,000 | — | 150,000,000 | — | — | ||||||||||||||
2,871 | 21,640 | 85,429 | 25,004 | 18,838,787 | ||||||||||||||
5,653,525 | — | 5,919,340 | 8,304,852 | 21,224,621 | ||||||||||||||
— | — | 6,562 | 9,539,332 | 40,378 | ||||||||||||||
— | 19,664 | — | — | — | ||||||||||||||
59,198 | 32,512 | 58,801 | 139,386 | 106,078 | ||||||||||||||
4,037,649,630 | 1,955,323,080 | 3,302,945,586 | 6,988,949,569 | 8,960,948,347 | ||||||||||||||
— | 749,330,042 | — | — | 238,846,726 | ||||||||||||||
1,499,189 | 534,552 | 1,205,699 | 1,225,790 | 1,741,922 | ||||||||||||||
— | — | — | — | 19,593 | ||||||||||||||
605,604 | 188,477 | 477,862 | 1,137,367 | 1,079,866 | ||||||||||||||
666,817 | 166,306 | 457,933 | 420,575 | 60,551 | ||||||||||||||
2,771,610 | 750,219,377 | 2,141,494 | 2,783,732 | 241,748,658 | ||||||||||||||
4,034,878,020 | 1,205,103,703 | 3,300,804,092 | 6,986,165,837 | 8,719,358,726 | ||||||||||||||
— | — | — | — | (159,037 | ) | |||||||||||||
$ | 4,034,878,020 | $ | 1,205,103,703 | $ | 3,300,804,092 | $ | 6,986,165,837 | $ | 8,719,199,689 | |||||||||
$1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||
1,425,014,222 | 921,294,595 | 1,552,151,257 | 6,058,838,332 | 8,041,328,010 | ||||||||||||||
2,748 | 64,322 | 131,114,667 | 3,069 | 190,778,912 | ||||||||||||||
530,420,078 | 7,256,509 | 478,396,600 | 138,449,827 | 170,968,382 | ||||||||||||||
949,828 | 29,177,514 | 93,597,391 | 3,872,033 | 10,984,528 | ||||||||||||||
1,556,260,527 | 181,691,746 | 805,161,658 | 338,698,323 | 244,865,174 | ||||||||||||||
522,230,617 | 65,619,017 | 240,382,519 | 446,304,253 | 60,296,971 | ||||||||||||||
4,034,878,020 | 1,205,103,703 | 3,300,804,092 | 6,986,165,837 | 8,719,221,977 | ||||||||||||||
Prime | Money | ||||||||
Obligations | Market | ||||||||
Fund | Fund | ||||||||
Investment income: | |||||||||
Interest — unaffiliated | $ | 142,115,108 | $ | 55,027,228 | |||||
Interest — affiliated | 914,968 | 315,234 | |||||||
Total income | 143,030,076 | 55,342,462 | |||||||
Expenses: | |||||||||
Non-Class Specific Expenses: | |||||||||
Management fees | 26,284,665 | 10,113,636 | |||||||
Custody and accounting fees | 880,744 | 417,185 | |||||||
Registration fees | 160,485 | 53,912 | |||||||
Professional fees | 30,684 | 34,898 | |||||||
Printing fees | 13,880 | 13,373 | |||||||
Trustee fees | 7,062 | 7,062 | |||||||
Other | 344,578 | 136,915 | |||||||
Subtotal | 27,722,098 | 10,776,981 | |||||||
Class Specific Expenses: | |||||||||
Administration Share fees | 3,877,173 | 468,422 | |||||||
Service Share fees | 2,112,335 | 716,337 | |||||||
Preferred Share fees | 831,294 | 51,853 | |||||||
Capital Share fees | 199,548 | 41,557 | |||||||
Select Share fees | 15,487 | 5,709 | |||||||
Total expenses | 34,757,935 | 12,060,859 | |||||||
Less—expense reductions | (4,487,835 | ) | (1,726,903 | ) | |||||
Net expenses | 30,270,100 | 10,333,956 | |||||||
Net investment income | 112,759,976 | 45,008,506 | |||||||
Net realized gain on investment transactions | 1,012,926 | 289,942 | |||||||
Net increase in net assets resulting from operations | $ | 113,772,902 | $ | 45,298,448 | |||||
Treasury | Treasury | Tax-Free | ||||||||||||||||
Obligations | Instruments | Government | Federal | Money Market | ||||||||||||||
Fund | Fund | Fund | Fund | Fund | ||||||||||||||
$ | 19,770,236 | $ | 5,773,714 | $ | 18,655,685 | $ | 39,118,180 | $ | 41,097,912 | |||||||||
252,642 | — | 1,188,104 | — | — | ||||||||||||||
20,022,878 | 5,773,714 | 19,843,789 | 39,118,180 | 41,097,912 | ||||||||||||||
3,967,617 | 1,234,383 | 3,731,633 | 7,577,145 | 8,354,376 | ||||||||||||||
249,883 | 147,164 | 220,977 | 317,812 | 194,499 | ||||||||||||||
63,598 | 45,294 | 78,039 | 84,108 | 33,638 | ||||||||||||||
25,226 | 23,237 | 24,362 | 27,712 | 33,628 | ||||||||||||||
13,357 | 13,357 | 13,346 | 13,707 | 13,174 | ||||||||||||||
7,062 | 7,062 | 7,062 | 7,062 | 7,062 | ||||||||||||||
64,074 | 26,638 | 43,020 | 101,203 | 100,400 | ||||||||||||||
4,390,817 | 1,497,135 | 4,118,439 | 8,128,749 | 8,736,777 | ||||||||||||||
1,668,604 | 249,294 | 1,110,918 | 443,671 | 331,197 | ||||||||||||||
1,194,769 | 242,427 | 638,839 | 1,129,262 | 142,249 | ||||||||||||||
230,221 | 4,568 | 233,642 | 46,746 | 103,106 | ||||||||||||||
4,413 | 18,763 | 57,978 | 2,962 | 8,475 | ||||||||||||||
720 | 5 | 14,713 | 1 | 24,160 | ||||||||||||||
7,489,544 | 2,012,192 | 6,174,529 | 9,751,391 | 9,345,964 | ||||||||||||||
(442,768 | ) | (269,012 | ) | (769,273 | ) | (588,797 | ) | (1,561,050 | ) | |||||||||
7,046,776 | 1,743,180 | 5,405,256 | 9,162,594 | 7,784,914 | ||||||||||||||
12,976,102 | 4,030,534 | 14,438,533 | 29,955,586 | 33,312,998 | ||||||||||||||
68,766 | 186,359 | 2,384 | 171,259 | 28,303 | ||||||||||||||
$ | 13,044,868 | $ | 4,216,893 | $ | 14,440,917 | $ | 30,126,845 | $ | 33,341,301 | |||||||||
Prime | Money | ||||||||
Obligations | Market | ||||||||
Fund | Fund | ||||||||
From operations: | |||||||||
Net investment income | $ | 112,759,976 | $ | 45,008,506 | |||||
Net realized gain on investment transactions | 1,012,926 | 289,942 | |||||||
Net increase in net assets resulting from operations | 113,772,902 | 45,298,448 | |||||||
Distributions to shareholders: | |||||||||
From net investment income | |||||||||
FST Shares | (92,660,175 | ) | (42,527,900 | ) | |||||
FST Select Shares | (470,729 | ) | (174,175 | ) | |||||
FST Preferred Shares | (6,992,302 | ) | (438,353 | ) | |||||
FST Capital Shares | (1,054,107 | ) | (219,814 | ) | |||||
FST Administration Shares | (10,726,381 | ) | (1,302,158 | ) | |||||
FST Service Shares | (1,869,208 | ) | (636,048 | ) | |||||
Total distributions to shareholders | (113,772,902 | ) | (45,298,448 | ) | |||||
From share transactions (at $1.00 per share): | |||||||||
Proceeds from sales of shares | 102,552,826,992 | 24,089,138,104 | |||||||
Reinvestment of dividends and distributions | 42,777,316 | 24,537,415 | |||||||
Cost of shares repurchased | (105,941,529,708 | ) | (26,520,483,374 | ) | |||||
Net increase (decrease) in net assets resulting from share transactions | (3,345,925,400 | ) | (2,406,807,855 | ) | |||||
Total increase (decrease) | (3,345,925,400 | ) | (2,406,807,855 | ) | |||||
Net assets: | |||||||||
Beginning of period | 28,524,914,235 | 11,371,665,778 | |||||||
End of period | $ | 25,178,988,835 | $ | 8,964,857,923 | |||||
Treasury | Treasury | Tax-Free | ||||||||||||||||
Obligations | Instruments | Government | Federal | Money Market | ||||||||||||||
Fund | Fund | Fund | Fund | Fund | ||||||||||||||
$ | 12,976,102 | $ | 4,030,534 | $ | 14,438,533 | $ | 29,955,586 | $ | 33,312,998 | |||||||||
68,766 | 186,359 | 2,384 | 171,259 | 28,303 | ||||||||||||||
13,044,868 | 4,216,893 | 14,440,917 | 30,126,845 | 33,341,301 | ||||||||||||||
(6,613,509 | ) | (3,433,369 | ) | (8,397,135 | ) | (27,864,839 | ) | (30,990,920 | ) | |||||||||
(19,168 | ) | (135 | ) | (429,966 | ) | (38 | ) | (658,092 | ) | |||||||||
(1,690,497 | ) | (31,327 | ) | (1,884,330 | ) | (356,198 | ) | (757,843 | ) | |||||||||
(20,073 | ) | (79,827 | ) | (292,376 | ) | (14,005 | ) | (37,932 | ) | |||||||||
(3,902,189 | ) | (534,143 | ) | (2,917,499 | ) | (1,080,280 | ) | (772,268 | ) | |||||||||
(799,432 | ) | (138,092 | ) | (519,611 | ) | (811,485 | ) | (95,943 | ) | |||||||||
(13,044,868 | ) | (4,216,893 | ) | (14,440,917 | ) | (30,126,845 | ) | (33,312,998 | ) | |||||||||
15,728,545,745 | 3,672,686,457 | 13,534,549,357 | 15,171,647,588 | 23,289,639,041 | ||||||||||||||
4,519,068 | 910,008 | 6,193,971 | 22,854,339 | 21,857,831 | ||||||||||||||
(15,681,583,445 | ) | (3,604,724,822 | ) | (13,992,914,411 | ) | (16,322,985,488 | ) | (22,261,221,357 | ) | |||||||||
51,481,368 | 68,871,643 | (452,171,083 | ) | (1,128,483,561 | ) | 1,050,275,515 | ||||||||||||
51,481,368 | 68,871,643 | (452,171,083 | ) | (1,128,483,561 | ) | 1,050,303,818 | ||||||||||||
3,983,396,652 | 1,136,232,060 | 3,752,975,175 | 8,114,649,398 | 7,668,895,871 | ||||||||||||||
$ | 4,034,878,020 | $ | 1,205,103,703 | $ | 3,300,804,092 | $ | 6,986,165,837 | $ | 8,719,199,689 | |||||||||
Prime | Money | ||||||||
Obligations | Market | ||||||||
Fund | Fund | ||||||||
From operations: | |||||||||
Net investment income | $ | 268,511,622 | $ | 112,790,371 | |||||
Net realized gain (loss) on investment transactions | 267,584 | 99,704 | |||||||
Net increase in net assets resulting from operations | 268,779,206 | 112,890,075 | |||||||
Distributions to shareholders: | |||||||||
From net investment income | |||||||||
FST Shares | (215,994,373 | ) | (105,482,669 | ) | |||||
FST Select Shares | (1,423,245 | ) | (618,328 | ) | |||||
FST Preferred Shares | (17,097,317 | ) | (1,236,439 | ) | |||||
FST Capital Shares | (2,899,080 | ) | (174,606 | ) | |||||
FST Administration Shares | (25,849,019 | ) | (3,398,251 | ) | |||||
FST Service Shares | (5,516,172 | ) | (1,979,782 | ) | |||||
Total distributions to shareholders | (268,779,206 | ) | (112,890,075 | ) | |||||
From share transactions (at $1.00 per share): | |||||||||
Proceeds from sales of shares | 225,087,976,745 | 69,260,071,771 | |||||||
Reinvestment of dividends and distributions | 119,207,698 | 60,261,263 | |||||||
Cost of shares repurchased | (226,225,840,901 | ) | (68,212,292,973 | ) | |||||
Net increase (decrease) in net assets resulting from share transactions | (1,018,656,458 | ) | 1,108,040,061 | ||||||
Total increase (decrease) | (1,018,656,458 | ) | 1,108,040,061 | ||||||
Net assets: | |||||||||
Beginning of year | 29,543,570,693 | 10,263,625,717 | |||||||
End of year | $ | 28,524,914,235 | $ | 11,371,665,778 | |||||
Treasury | Treasury | Tax-Free | ||||||||||||||||
Obligations | Instruments | Government | Federal | Money Market | ||||||||||||||
Fund | Fund | Fund | Fund | Fund | ||||||||||||||
$ | 34,734,419 | $ | 8,603,775 | $ | 40,691,235 | $ | 78,638,718 | $ | 56,017,377 | |||||||||
2,011,255 | 525,657 | 132,562 | 1,023,647 | (187,340 | ) | |||||||||||||
36,745,674 | 9,129,432 | 40,823,797 | 79,662,365 | 55,830,037 | ||||||||||||||
(17,437,213 | ) | (7,361,361 | ) | (24,508,107 | ) | (72,022,335 | ) | (52,104,038 | ) | |||||||||
(620,741 | ) | (4,742 | ) | (1,392,138 | ) | (185 | ) | (204,005 | ) | |||||||||
(4,988,134 | ) | (191,426 | ) | (4,163,954 | ) | (881,502 | ) | (1,672,154 | ) | |||||||||
(63,479 | ) | (24,544 | ) | (1,180,290 | ) | (29,582 | ) | (22,700 | ) | |||||||||
(10,578,410 | ) | (1,234,309 | ) | (8,020,716 | ) | (4,149,757 | ) | (1,782,793 | ) | |||||||||
(3,057,697 | ) | (313,050 | ) | (1,558,592 | ) | (2,579,004 | ) | (231,687 | ) | |||||||||
(36,745,674 | ) | (9,129,432 | ) | (40,823,797 | ) | (79,662,365 | ) | (56,017,377 | ) | |||||||||
25,866,324,129 | 6,717,213,489 | 32,965,605,463 | 34,866,591,689 | 35,564,333,193 | ||||||||||||||
13,065,921 | 2,450,576 | 17,072,247 | 57,770,699 | 40,356,091 | ||||||||||||||
(27,398,313,328 | ) | (6,891,820,130 | ) | (34,842,459,560 | ) | (37,223,034,176 | ) | (32,934,054,242 | ) | |||||||||
(1,518,923,278 | ) | (172,156,065 | ) | (1,859,781,850 | ) | (2,298,671,788 | ) | 2,670,635,042 | ||||||||||
(1,518,923,278 | ) | (172,156,065 | ) | (1,859,781,850 | ) | (2,298,671,788 | ) | 2,670,447,702 | ||||||||||
5,502,319,930 | 1,308,388,125 | 5,612,757,025 | 10,413,321,186 | 4,998,448,169 | ||||||||||||||
$ | 3,983,396,652 | $ | 1,136,232,060 | $ | 3,752,975,175 | $ | 8,114,649,398 | $ | 7,668,895,871 | |||||||||
1. Organization
2. Significant Accounting Policies
A. Investment Valuation—
B. Security Transactions and Interest Income—
C. Federal Taxes—
Fund | Amount | Year of Expiration | ||||||
Tax-Free Money Market | $ | 187,000 | 2011 |
Expiration occurs on December 31 of the year indicated. This amount is available to be carried forward to offset future capital gains to the extent permitted by applicable laws and regulations.
D. Expenses—
E. Forward Commitment Transactions—
F. Repurchase Agreements—
3. Agreements
Other | ||||||||||||||||
Expenses | Custody | |||||||||||||||
Management | Reimbursed | Fee | ||||||||||||||
Fund | Fees Waived | by Adviser | Reductions | Total | ||||||||||||
Prime Obligations | $ | 4,488 | $ | — | $ | — | $ | 4,488 | ||||||||
Money Market | 1,727 | — | — | 1,727 | ||||||||||||
Treasury Obligations | 291 | 152 | — | 443 | ||||||||||||
Treasury Instruments | 90 | 179 | — | 269 | ||||||||||||
Government | 637 | 132 | — | 769 | ||||||||||||
Federal | 555 | 34 | — | 589 | ||||||||||||
Tax-Free Money Market | 1,426 | — | 135 | 1,561 | ||||||||||||
Over | ||||||||||||||||
Reimbursement | ||||||||||||||||
of Other | ||||||||||||||||
Affiliated | Expenses by | |||||||||||||||
Fund | Management | Dealers | Adviser | Total | ||||||||||||
Prime Obligations | $ | 3,465 | $ | — | $ | — | $ | 3,465 | ||||||||
Money Market | 1,300 | 4 | — | 1,304 | ||||||||||||
Treasury Obligations | 594 | — | 12 | 606 | ||||||||||||
Treasury Instruments | 188 | — | — | 188 | ||||||||||||
Government | 464 | — | 14 | 478 | ||||||||||||
Federal | 1,105 | — | 32 | 1,137 | ||||||||||||
Tax-Free Money Market | 1,080 | — | — | 1,080 | ||||||||||||
4. Select, Preferred, Capital, Administration and Service Plans
5. Line of Credit Facility
6. Portfolio Concentrations
7. Joint Repurchase Agreement Accounts
JOINT REPURCHASE AGREEMENT ACCOUNT I | ||||||||||||||||
Repurchase | Principal | Interest | Maturity | Maturity | ||||||||||||
Agreements | Amount | Rate | Date | Value | ||||||||||||
ABN AMRO, Inc. | ||||||||||||||||
$ | 960,000,000 | 1.30 | % | 07/01/2004 | $ | 960,034,667 | ||||||||||
Barclays Capital PLC | ||||||||||||||||
300,000,000 | 1.30 | 07/01/2004 | 300,010,833 | |||||||||||||
Deutsche Bank Securities, Inc. | ||||||||||||||||
250,000,000 | 1.30 | 07/01/2004 | 250,009,028 | |||||||||||||
Greenwich Capital Markets | ||||||||||||||||
400,000,000 | 1.28 | 07/01/2004 | 400,014,222 | |||||||||||||
J.P. Morgan Chase & Co. | ||||||||||||||||
905,000,000 | 1.30 | 07/01/2004 | 905,032,680 | |||||||||||||
Morgan Stanley & Co. | ||||||||||||||||
500,000,000 | 1.28 | 07/01/2004 | 500,017,778 | |||||||||||||
UBS LLC | ||||||||||||||||
514,800,000 | 1.28 | 07/01/2004 | 514,818,304 | |||||||||||||
Westdeutsche Landesbank AG | ||||||||||||||||
400,000,000 | 1.25 | 07/01/2004 | 400,013,889 | |||||||||||||
TOTAL | $ | 4,229,800,000 | $ | 4,229,951,401 | ||||||||||||
JOINT REPURCHASE AGREEMENT ACCOUNT II | ||||||||||||||||
Repurchase | Principal | Interest | Maturity | Maturity | ||||||||||||
Agreements | Amount | Rate | Date | Value | ||||||||||||
Banc of America Securities LLC | ||||||||||||||||
$ | 750,000,000 | 1.55 | % | 07/01/2004 | $ | 750,032,292 | ||||||||||
Bear Stearns & Co. | ||||||||||||||||
675,000,000 | 1.55 | 07/01/2004 | 675,029,063 | |||||||||||||
Greenwich Capital Markets | ||||||||||||||||
400,000,000 | 1.53 | 07/01/2004 | 400,017,000 | |||||||||||||
J.P. Morgan Chase & Co. | ||||||||||||||||
700,000,000 | 1.55 | 07/01/2004 | 700,030,139 | |||||||||||||
Morgan Stanley & Co. | ||||||||||||||||
775,000,000 | 1.55 | 07/01/2004 | 775,033,368 | |||||||||||||
UBS LLC | ||||||||||||||||
950,500,000 | 1.55 | 07/01/2004 | 950,540,924 | |||||||||||||
Westdeutsche Landesbank AG | ||||||||||||||||
500,000,000 | 1.52 | 07/01/2004 | 500,021,111 | |||||||||||||
TOTAL | $ | 4,750,500,000 | $ | 4,750,703,897 | ||||||||||||
8. Other Matters
9. Subsequent Event
10. Summary of Share Transactions (at $1.00 per share)
Prime | ||||||||
Obligations | Money Market | |||||||
Fund | Fund | |||||||
FST Shares: | ||||||||
Shares sold | 76,816,813,795 | 20,805,139,411 | ||||||
Reinvestment of dividends and distributions | 33,542,226 | 22,774,571 | ||||||
Shares repurchased | (80,033,459,744 | ) | (23,041,927,573 | ) | ||||
(3,183,103,723 | ) | (2,214,013,591 | ) | |||||
FST Select Shares: | ||||||||
Shares sold | 1,052,802,165 | 113,471,240 | ||||||
Reinvestment of dividends and distributions | 426,048 | 161,283 | ||||||
Shares repurchased | (990,606,095 | ) | (177,700,210 | ) | ||||
62,622,118 | (64,067,687 | ) | ||||||
FST Preferred Shares: | ||||||||
Shares sold | 7,315,205,821 | 213,805,517 | ||||||
Reinvestment of dividends and distributions | 4,784,625 | 417,085 | ||||||
Shares repurchased | (7,007,250,020 | ) | (217,074,125 | ) | ||||
312,740,426 | (2,851,523 | ) | ||||||
FST Capital Shares: | ||||||||
Shares sold | 1,691,580,671 | 193,779,621 | ||||||
Reinvestment of dividends and distributions | 447,425 | 103,307 | ||||||
Shares repurchased | (1,851,704,638 | ) | (187,773,679 | ) | ||||
(159,676,542 | ) | 6,109,249 | ||||||
FST Administration Shares: | ||||||||
Shares sold | 11,693,864,263 | 2,359,025,376 | ||||||
Reinvestment of dividends and distributions | 2,524,718 | 722,514 | ||||||
Shares repurchased | (12,057,297,547 | ) | (2,446,473,822 | ) | ||||
(360,908,566 | ) | (86,725,932 | ) | |||||
FST Service Shares: | ||||||||
Shares sold | 3,982,560,277 | 403,916,939 | ||||||
Reinvestment of dividends and distributions | 1,052,274 | 358,655 | ||||||
Shares repurchased | (4,001,211,664 | ) | (449,533,965 | ) | ||||
(17,599,113 | ) | (45,258,371 | ) | |||||
Net increase (decrease) in shares | (3,345,925,400 | ) | (2,406,807,855 | ) | ||||
Treasury | Treasury | |||||||||||||||||
Obligations | Instruments | Government | Federal | Tax-Free Money | ||||||||||||||
Fund | Fund | Fund | Fund | Market Fund | ||||||||||||||
4,593,068,886 | 2,702,454,401 | 6,184,106,549 | 12,150,749,038 | 21,907,742,130 | ||||||||||||||
3,354,780 | 682,193 | 3,615,285 | 21,804,755 | 21,272,871 | ||||||||||||||
(4,871,425,286 | ) | (2,587,589,377 | ) | (6,541,641,850 | ) | (13,189,759,503 | ) | (20,939,858,870 | ) | |||||||||
(275,001,620 | ) | 115,547,217 | (353,920,016 | ) | (1,017,205,710 | ) | 989,156,131 | |||||||||||
6,200,000 | 63,069 | 117,057,855 | 34 | 312,485,024 | ||||||||||||||
19,168 | 133 | 385,283 | 13 | 208,942 | ||||||||||||||
(15,729,499 | ) | — | (100,461,584 | ) | (16,251 | ) | (197,726,166 | ) | ||||||||||
(9,510,331 | ) | 63,202 | 16,981,554 | (16,204 | ) | 114,967,800 | ||||||||||||
1,356,078,366 | 23,708,672 | 1,597,693,391 | 329,527,469 | 353,798,781 | ||||||||||||||
74,168 | 13,135 | 895,925 | 53,545 | 97,118 | ||||||||||||||
(1,326,963,627 | ) | (24,518,051 | ) | (1,553,888,059 | ) | (299,767,904 | ) | (387,031,610 | ) | |||||||||
29,188,907 | (796,244 | ) | 44,701,257 | 29,813,110 | (33,135,711 | ) | ||||||||||||
9,066,561 | 27,836,246 | 1,655,795,022 | — | 69,199,468 | ||||||||||||||
3,120 | 78,741 | 174,447 | 14,004 | 31,168 | ||||||||||||||
(19,100,000 | ) | (21,399,518 | ) | (1,679,787,831 | ) | (890,000 | ) | (61,029,507 | ) | |||||||||
(10,030,319 | ) | 6,515,469 | (23,818,362 | ) | (875,996 | ) | 8,201,129 | |||||||||||
7,852,294,738 | 641,079,741 | 3,007,488,291 | 985,131,465 | 318,852,982 | ||||||||||||||
467,133 | 71,131 | 917,310 | 523,262 | 199,131 | ||||||||||||||
(7,495,863,624 | ) | (647,144,385 | ) | (3,138,008,003 | ) | (1,066,703,705 | ) | (347,851,632 | ) | |||||||||
356,898,247 | (5,993,513 | ) | (129,602,402 | ) | (81,048,978 | ) | (28,799,519 | ) | ||||||||||
1,911,837,194 | 277,544,328 | 972,408,249 | 1,706,239,582 | 327,560,656 | ||||||||||||||
600,699 | 64,675 | 205,721 | 458,760 | 48,601 | ||||||||||||||
(1,952,501,409 | ) | (324,073,491 | ) | (979,127,084 | ) | (1,765,848,125 | ) | (327,723,572 | ) | |||||||||
(40,063,516 | ) | (46,464,488 | ) | (6,513,114 | ) | (59,149,783 | ) | (114,315 | ) | |||||||||
51,481,368 | 68,871,643 | (452,171,083 | ) | (1,128,483,561 | ) | 1,050,275,515 | ||||||||||||
10. Summary of Share Transactions (at $1.00 per share) (continued)
Prime | ||||||||
Obligations | Money Market | |||||||
Fund | Fund | |||||||
FST Shares: | ||||||||
Shares sold | 172,811,517,351 | 62,660,685,275 | ||||||
Reinvestment of dividends and distributions | 96,091,795 | 55,174,520 | ||||||
Shares repurchased | (172,722,811,886 | ) | (61,521,396,137 | ) | ||||
184,797,260 | 1,194,463,658 | |||||||
FST Select Shares: | ||||||||
Shares sold | 2,656,012,319 | 761,238,343 | ||||||
Reinvestment of dividends and distributions | 1,115,648 | 606,864 | ||||||
Shares repurchased | (2,799,045,343 | ) | (671,553,111 | ) | ||||
(141,917,376 | ) | 90,292,096 | ||||||
FST Preferred Shares: | ||||||||
Shares sold | 16,016,232,199 | 754,996,661 | ||||||
Reinvestment of dividends and distributions | 11,176,931 | 1,184,863 | ||||||
Shares repurchased | (16,951,764,867 | ) | (819,561,521 | ) | ||||
(924,355,737 | ) | (63,379,997 | ) | |||||
FST Capital Shares (commenced August 12, 2002): | ||||||||
Shares sold | 4,340,557,731 | 37,679,143 | ||||||
Reinvestment of dividends and distributions | 454,015 | 172,532 | ||||||
Shares repurchased | (4,430,363,397 | ) | (13,672,366 | ) | ||||
(89,351,651 | ) | 24,179,309 | ||||||
FST Administration Shares: | ||||||||
Shares sold | 20,429,710,746 | 4,085,890,635 | ||||||
Reinvestment of dividends and distributions | 7,142,395 | 2,177,269 | ||||||
Shares repurchased | (20,283,839,939 | ) | (4,121,136,043 | ) | ||||
153,013,202 | (33,068,139 | ) | ||||||
FST Service Shares: | ||||||||
Shares sold | 8,833,946,399 | 959,581,714 | ||||||
Reinvestment of dividends and distributions | 3,226,914 | 945,215 | ||||||
Shares repurchased | (9,038,015,469 | ) | (1,064,973,795 | ) | ||||
(200,842,156 | ) | (104,446,866 | ) | |||||
Net increase (decrease) in shares | (1,018,656,458 | ) | 1,108,040,061 | |||||
Treasury | Treasury | Tax-Free | ||||||||||||||||
Obligations | Instruments | Government | Federal | Money Market | ||||||||||||||
Fund | Fund | Fund | Fund | Fund | ||||||||||||||
11,063,249,161 | 4,463,918,390 | 16,277,555,979 | 27,366,286,190 | 33,019,921,699 | ||||||||||||||
8,225,115 | 1,790,706 | 9,067,140 | 54,318,562 | 39,376,645 | ||||||||||||||
(11,638,885,984 | ) | (4,630,997,116 | ) | (17,443,088,876 | ) | (29,300,402,600 | ) | (30,544,377,238 | ) | |||||||||
(567,411,708 | ) | (165,288,020 | ) | (1,156,465,757 | ) | (1,879,797,848 | ) | 2,514,921,106 | ||||||||||
40,000,000 | 30,000,000 | 495,505,489 | 161 | 198,230,268 | ||||||||||||||
574,483 | 3,192 | 1,218,237 | 29 | 84,149 | ||||||||||||||
(97,499,895 | ) | (35,006,275 | ) | (625,989,114 | ) | — | (122,533,379 | ) | ||||||||||
(56,925,412 | ) | (5,003,083 | ) | (129,265,388 | ) | 190 | 75,781,038 | |||||||||||
1,383,344,871 | 40,792,550 | 6,209,624,911 | 691,224,728 | 511,714,412 | ||||||||||||||
377,606 | 123,988 | 2,729,162 | 109,022 | 132,274 | ||||||||||||||
(1,720,989,090 | ) | (61,537,188 | ) | (6,768,706,427 | ) | (704,440,767 | ) | (485,562,793 | ) | |||||||||
(337,266,613 | ) | (20,620,650 | ) | (556,352,354 | ) | (13,107,017 | ) | 26,283,893 | ||||||||||
10,994,166 | 296,373,878 | 3,121,738,293 | 5,102,442 | 2,484,472 | ||||||||||||||
14,803 | 23,080 | 849,849 | 29,582 | 18,320 | ||||||||||||||
(29,827 | ) | (287,349,268 | ) | (3,032,632,013 | ) | (385,000 | ) | (6,940,858 | ) | |||||||||
10,979,142 | 9,047,690 | 89,956,129 | 4,747,024 | (4,438,066 | ) | |||||||||||||
8,306,001,939 | 1,220,604,537 | 5,298,096,032 | 2,649,221,538 | 1,369,677,183 | ||||||||||||||
1,594,356 | 405,682 | 2,795,241 | 1,839,467 | 632,852 | ||||||||||||||
(8,504,998,895 | ) | (1,241,511,087 | ) | (5,310,527,605 | ) | (2,916,896,125 | ) | (1,303,431,828 | ) | |||||||||
(197,402,600 | ) | (20,500,868 | ) | (9,636,332 | ) | (265,835,120 | ) | 66,878,207 | ||||||||||
5,062,733,992 | 665,524,134 | 1,563,084,759 | 4,154,756,630 | 462,305,159 | ||||||||||||||
2,279,558 | 103,928 | 412,618 | 1,474,037 | 111,851 | ||||||||||||||
(5,435,909,637 | ) | (635,419,196 | ) | (1,661,515,525 | ) | (4,300,909,684 | ) | (471,208,146 | ) | |||||||||
(370,896,087 | ) | 30,208,866 | (98,018,148 | ) | (144,679,017 | ) | (8,791,136 | ) | ||||||||||
(1,518,923,278 | ) | (172,156,065 | ) | (1,859,781,850 | ) | (2,298,671,788 | ) | 2,670,635,042 | ||||||||||
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of net | Ratio of | Ratio of net | ||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | Ratio of net | investment | total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end | expenses to | income to | expenses to | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end | Total | of period | average net | average net | average net | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | of period | return(b) | (in 000’s) | assets | assets | assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.005 | $ | (0.005 | ) | $ | 1.00 | 0.47 | % | $ | 19,567,406 | 0.18 | %(c) | 0.93 | %(c) | 0.22 | %(c) | 0.89 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.005 | (0.005 | ) | 1.00 | 0.45 | 116,481 | 0.21 | (c) | 0.90 | (c) | 0.25 | (c) | 0.86 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.42 | 1,740,711 | 0.28 | (c) | 0.83 | (c) | 0.32 | (c) | 0.79 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.39 | 179,666 | 0.33 | (c) | 0.78 | (c) | 0.37 | (c) | 0.74 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.34 | 2,719,872 | 0.43 | (c) | 0.68 | (c) | 0.47 | (c) | 0.64 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.002 | (0.002 | ) | 1.00 | 0.22 | 854,853 | 0.68 | (c) | 0.43 | (c) | 0.72 | (c) | 0.39 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.011 | (0.011 | ) | 1.00 | 1.06 | 22,750,510 | 0.18 | 1.07 | 0.22 | 1.03 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 1.03 | 53,859 | 0.21 | 1.06 | 0.25 | 1.02 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 0.96 | 1,427,970 | 0.28 | 0.96 | 0.32 | 0.92 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.91 | 339,342 | 0.33 | 0.94 | 0.37 | 0.90 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.81 | 3,080,780 | 0.43 | 0.80 | 0.47 | 0.76 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.006 | (0.006 | ) | 1.00 | 0.56 | 872,453 | 0.68 | 0.56 | 0.72 | 0.52 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.75 | 22,565,712 | 0.18 | 1.74 | 0.22 | 1.70 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.72 | 195,777 | 0.21 | 1.70 | 0.25 | 1.66 | ||||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.65 | 2,352,326 | 0.28 | 1.60 | 0.32 | 1.56 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | 0.01 | (0.01) | 1.00 | 0.56 | 428,694 | 0.33 | (c) | 1.29 | (c) | 0.37 | (c) | 1.25 | (c) | ||||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.50 | 2,927,767 | 0.43 | 1.48 | 0.47 | 1.44 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.24 | 1,073,295 | 0.68 | 1.24 | 0.72 | 1.20 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.15 | 25,429,443 | 0.18 | 3.87 | 0.23 | 3.82 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.12 | 189,492 | 0.21 | 3.41 | 0.26 | 3.36 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.05 | 1,003,414 | 0.28 | 3.72 | 0.33 | 3.67 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.89 | 2,803,798 | 0.43 | 3.64 | 0.48 | 3.59 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.63 | 1,225,547 | 0.68 | 3.46 | 0.73 | 3.41 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.44 | 12,777,000 | 0.18 | 6.32 | 0.22 | 6.28 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.06 | (0.06) | 1.00 | 5.93 | 70,819 | 0.21 | (c) | 6.48 | (c) | 0.25 | (c) | 6.44 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.34 | 454,883 | 0.28 | 6.21 | 0.32 | 6.17 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.18 | 2,084,745 | 0.43 | 6.09 | 0.47 | 6.05 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.91 | 1,005,373 | 0.68 | 5.81 | 0.72 | 5.77 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.18 | 8,062,549 | 0.18 | 5.09 | 0.23 | 5.04 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.07 | 219,711 | 0.28 | 4.87 | 0.33 | 4.82 | ||||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.91 | 1,051,831 | 0.43 | 4.88 | 0.48 | 4.83 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.65 | 690,741 | 0.68 | 4.60 | 0.73 | 4.55 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
50
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of net | Ratio of net | |||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | Ratio of net | investment | Ratio of total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end | expenses to | income to | expenses to | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end | Total | of period | average net | average net | average net | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | of period | return(b) | (in 000’s) | assets | assets | assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.005 | $ | (0.005 | ) | $ | 1.00 | 0.47 | % | $ | 8,175,298 | 0.18 | %(c) | 0.94 | %(c) | 0.22 | %(c) | 0.90 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.005 | (0.005 | ) | 1.00 | 0.46 | 28,970 | 0.21 | (c) | 0.91 | (c) | 0.25 | (c) | 0.87 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.42 | 110,448 | 0.28 | (c) | 0.84 | (c) | 0.32 | (c) | 0.80 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.40 | 30,290 | 0.33 | (c) | 0.79 | (c) | 0.37 | (c) | 0.75 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.35 | 360,564 | 0.43 | (c) | 0.69 | (c) | 0.47 | (c) | 0.65 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.002 | (0.002 | ) | 1.00 | 0.22 | 259,288 | 0.68 | (c) | 0.44 | (c) | 0.72 | (c) | 0.40 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.011 | (0.011 | ) | 1.00 | 1.06 | 10,389,312 | 0.18 | 1.07 | 0.22 | 1.03 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 1.03 | 93,038 | 0.21 | 1.03 | 0.25 | 0.99 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 0.96 | 113,299 | 0.28 | 0.98 | 0.32 | 0.94 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.91 | 24,180 | 0.33 | 0.85 | 0.37 | 0.81 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.81 | 447,290 | 0.43 | 0.81 | 0.47 | 0.77 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.006 | (0.006 | ) | 1.00 | 0.56 | 304,547 | 0.68 | 0.57 | 0.72 | 0.53 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.75 | 9,194,848 | 0.18 | 1.76 | 0.22 | 1.72 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.72 | 2,746 | 0.21 | 1.81 | 0.25 | 1.77 | ||||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.65 | 176,679 | 0.28 | 1.62 | 0.32 | 1.58 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | 0.01 | (0.01) | 1.00 | 0.56 | 1 | 0.33 | (c) | 1.73 | (c) | 0.37 | (c) | 1.69 | (c) | ||||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.50 | 480,359 | 0.43 | 1.50 | 0.47 | 1.46 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.24 | 408,993 | 0.68 | 1.24 | 0.72 | 1.20 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.16 | 15,909,394 | 0.18 | 3.74 | 0.23 | 3.69 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.13 | 301,797 | 0.21 | 3.79 | 0.26 | 3.74 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.06 | 194,015 | 0.28 | 4.22 | 0.33 | 4.17 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.91 | 645,588 | 0.43 | 3.72 | 0.48 | 3.67 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.65 | 492,794 | 0.68 | 3.52 | 0.73 | 3.47 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.44 | 5,954,862 | 0.18 | 6.25 | 0.22 | 6.21 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.06 | (0.06) | 1.00 | 5.93 | 22,595 | 0.21 | (c) | 6.41 | (c) | 0.25 | (c) | 6.37 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.34 | 163,779 | 0.28 | 6.11 | 0.32 | 6.07 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.18 | 421,498 | 0.43 | 6.02 | 0.47 | 5.98 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.92 | 396,927 | 0.68 | 5.78 | 0.72 | 5.74 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.18 | 8,747,861 | 0.18 | 5.08 | 0.22 | 5.04 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.07 | 241,179 | 0.28 | 4.99 | 0.32 | 4.95 | ||||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.92 | 403,602 | 0.43 | 4.81 | 0.47 | 4.77 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.66 | 305,972 | 0.68 | 4.53 | 0.72 | 4.49 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
51
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of net | Ratio of net | |||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | Ratio of net | investment | Ratio of total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end | expenses to | income to | expenses to | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end | Total | of period | average net | average net | average net | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | of period | return(b) | (in 000’s) | assets | assets | assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.004 | $ | (0.004 | ) | $ | 1.00 | 0.42 | % | $ | 1,425,014 | 0.20 | %(c) | 0.83 | %(c) | 0.22 | %(c) | 0.81 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.40 | 3 | 0.23 | (c) | 0.79 | (c) | 0.25 | (c) | 0.77 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.37 | 530,420 | 0.30 | (c) | 0.73 | (c) | 0.32 | (c) | 0.71 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.34 | 950 | 0.35 | (c) | 0.68 | (c) | 0.37 | (c) | 0.66 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.29 | 1,556,260 | 0.45 | (c) | 0.58 | (c) | 0.47 | (c) | 0.56 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.002 | (0.002 | ) | 1.00 | 0.17 | 522,231 | 0.70 | (c) | 0.33 | (c) | 0.72 | (c) | 0.31 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 0.96 | 1,700,016 | 0.20 | 0.92 | 0.22 | 0.90 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.93 | 9,513 | 0.23 | 0.88 | 0.25 | 0.86 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.86 | 501,231 | 0.30 | 0.82 | 0.32 | 0.80 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.81 | 10,980 | 0.35 | 0.72 | 0.37 | 0.70 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.007 | (0.007 | ) | 1.00 | 0.71 | 1,199,363 | 0.45 | 0.67 | 0.47 | 0.65 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.005 | (0.005 | ) | 1.00 | 0.46 | 562,294 | 0.70 | 0.44 | 0.72 | 0.42 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.65 | 2,267,428 | 0.20 | 1.58 | 0.22 | 1.56 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.62 | 66,438 | 0.23 | 1.53 | 0.25 | 1.51 | ||||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.55 | 838,498 | 0.30 | 1.44 | 0.32 | 1.42 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | 0.01 | (0.01) | 1.00 | 0.53 | 1 | 0.35 | (c) | 1.38 | (c) | 0.37 | (c) | 1.36 | (c) | ||||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.40 | 1,396,765 | 0.45 | 1.31 | 0.47 | 1.29 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.15 | 933,190 | 0.70 | 1.06 | 0.72 | 1.04 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.87 | 3,985,276 | 0.20 | 3.66 | 0.23 | 3.63 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.83 | 70,040 | 0.23 | 1.83 | 0.26 | 1.80 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.76 | 205,440 | 0.30 | 4.06 | 0.33 | 4.03 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.61 | 1,515,737 | 0.45 | 3.54 | 0.48 | 3.51 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.35 | 1,155,241 | 0.70 | 3.09 | 0.73 | 3.06 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.18 | 2,493,450 | 0.18 | 6.04 | 0.23 | 5.99 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.06 | (0.06) | 1.00 | 5.75 | 1 | 0.21 | (c) | 6.33 | (c) | 0.26 | (c) | 6.28 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.08 | 271,388 | 0.28 | 5.95 | 0.33 | 5.90 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.92 | 1,379,728 | 0.43 | 5.83 | 0.48 | 5.78 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.66 | 676,118 | 0.68 | 5.55 | 0.73 | 5.50 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.88 | 2,320,581 | 0.18 | 4.75 | 0.23 | 4.70 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.78 | 297,925 | 0.28 | 4.67 | 0.33 | 4.62 | ||||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.62 | 1,157,825 | 0.43 | 4.53 | 0.48 | 4.48 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.36 | 569,993 | 0.68 | 4.28 | 0.73 | 4.23 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
52
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of net | Ratio of net | |||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | Ratio of net | investment | Ratio of total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end | expenses to | income to | expenses to | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end | Total | of period | average net | average net | average net | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | of period | return(b) | (in 000’s) | assets | assets | assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.004 | $ | (0.004 | ) | $ | 1.00 | 0.39 | % | $ | 921,295 | 0.20 | %(c) | 0.76 | %(c) | 0.25 | %(c) | 0.71 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.38 | 64 | 0.23 | (c) | 0.75 | (c) | 0.28 | (c) | 0.70 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.34 | 7,256 | 0.30 | (c) | 0.65 | (c) | 0.35 | (c) | 0.60 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.32 | 29,178 | 0.35 | (c) | 0.61 | (c) | 0.40 | (c) | 0.56 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.27 | 181,692 | 0.45 | (c) | 0.50 | (c) | 0.50 | (c) | 0.45 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.001 | (0.001 | ) | 1.00 | 0.14 | 65,619 | 0.70 | (c) | 0.25 | (c) | 0.75 | (c) | 0.20 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.89 | 805,747 | 0.20 | 0.84 | 0.25 | 0.79 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.86 | 1 | 0.23 | 0.83 | 0.28 | 0.78 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.79 | 8,053 | 0.30 | 0.77 | 0.35 | 0.72 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.007 | (0.007 | ) | 1.00 | 0.74 | 22,662 | 0.35 | 0.70 | 0.40 | 0.65 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.006 | (0.006 | ) | 1.00 | 0.64 | 187,685 | 0.45 | 0.59 | 0.50 | 0.54 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.39 | 112,084 | 0.70 | 0.33 | 0.75 | 0.28 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.57 | 971,035 | 0.20 | 1.47 | 0.25 | 1.42 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.54 | 5,004 | 0.23 | 1.76 | 0.28 | 1.71 | ||||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.47 | 28,674 | 0.30 | 1.39 | 0.35 | 1.34 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | 0.01 | (0.01) | 1.00 | 0.52 | 13,614 | 0.35 | (c) | 1.09 | (c) | 0.40 | (c) | 1.04 | (c) | ||||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.31 | 208,186 | 0.45 | 1.14 | 0.50 | 1.09 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.06 | 81,875 | 0.70 | 0.98 | 0.75 | 0.93 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.79 | 1,161,245 | 0.20 | 3.52 | 0.26 | 3.46 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.75 | 12,052 | 0.23 | 1.91 | 0.29 | 1.85 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.68 | 50,561 | 0.30 | 3.32 | 0.36 | 3.26 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.53 | 117,089 | 0.45 | 3.22 | 0.51 | 3.16 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.27 | 115,500 | 0.70 | 3.01 | 0.76 | 2.95 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.90 | 734,427 | 0.18 | 5.80 | 0.28 | 5.70 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.05 | (0.05) | 1.00 | 5.44 | 1 | 0.21 | (c) | 5.85 | (c) | 0.31 | (c) | 5.75 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.79 | 2,380 | 0.28 | 5.67 | 0.38 | 5.57 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.64 | 42,533 | 0.43 | 5.40 | 0.53 | 5.30 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.38 | 68,194 | 0.68 | 5.18 | 0.78 | 5.08 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.60 | 428,732 | 0.18 | 4.51 | 0.24 | 4.45 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.49 | 208 | 0.28 | 4.53 | 0.34 | 4.47 | ||||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.34 | 67,748 | 0.43 | 4.29 | 0.49 | 4.23 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.08 | 42,095 | 0.68 | 4.07 | 0.74 | 4.01 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
53
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of net | Ratio of net | |||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | Ratio of net | investment | Ratio of total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end | expenses to | income to | expenses to | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end | Total | of period | average net | average net | average net | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | of period | return(b) | (in 000’s) | assets | assets | assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.005 | $ | (0.005 | ) | $ | 1.00 | 0.45 | % | $ | 1,552,151 | 0.18 | %(c) | 0.91 | %(c) | 0.22 | %(c) | 0.87 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.44 | 131,115 | 0.21 | (c) | 0.88 | (c) | 0.25 | (c) | 0.84 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.40 | 478,397 | 0.28 | (c) | 0.81 | (c) | 0.32 | (c) | 0.77 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.38 | 93,597 | 0.33 | (c) | 0.76 | (c) | 0.37 | (c) | 0.72 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.33 | 805,162 | 0.43 | (c) | 0.66 | (c) | 0.47 | (c) | 0.62 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.002 | (0.002 | ) | 1.00 | 0.20 | 240,382 | 0.68 | (c) | 0.41 | (c) | 0.72 | (c) | 0.37 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 1.04 | 1,906,071 | 0.18 | 1.05 | 0.22 | 1.01 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 1.01 | 114,133 | 0.21 | 1.02 | 0.25 | 0.98 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.94 | 433,695 | 0.28 | 0.96 | 0.32 | 0.92 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.89 | 117,416 | 0.33 | 0.87 | 0.37 | 0.83 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.79 | 934,764 | 0.43 | 0.78 | 0.47 | 0.74 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.005 | (0.005 | ) | 1.00 | 0.54 | 246,896 | 0.68 | 0.54 | 0.72 | 0.50 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.69 | 3,062,537 | 0.18 | 1.68 | 0.22 | 1.64 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.66 | 243,398 | 0.21 | 1.60 | 0.25 | 1.56 | ||||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.59 | 990,048 | 0.28 | 1.58 | 0.32 | 1.54 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | 0.01 | (0.01) | 1.00 | 0.54 | 27,460 | 0.33 | (c) | 1.18 | (c) | 0.37 | (c) | 1.14 | (c) | ||||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.44 | 944,400 | 0.43 | 1.40 | 0.47 | 1.36 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.19 | 344,914 | 0.68 | 1.19 | 0.72 | 1.15 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.09 | 4,201,586 | 0.18 | 3.76 | 0.24 | 3.70 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.05 | 51,609 | 0.21 | 3.15 | 0.27 | 3.09 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.98 | 850,943 | 0.28 | 3.68 | 0.34 | 3.62 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.83 | 1,169,694 | 0.43 | 3.52 | 0.49 | 3.46 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.57 | 576,226 | 0.68 | 3.17 | 0.74 | 3.11 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.31 | 1,859,266 | 0.18 | 6.14 | 0.23 | 6.09 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.06 | (0.06) | 1.00 | 5.84 | 11,247 | 0.21 | (c) | 6.30 | (c) | 0.26 | (c) | 6.25 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.21 | 361,111 | 0.28 | 6.19 | 0.33 | 6.14 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.05 | 595,037 | 0.43 | 5.93 | 0.48 | 5.88 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.79 | 273,355 | 0.68 | 5.60 | 0.73 | 5.55 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.03 | 2,260,275 | 0.18 | 4.91 | 0.22 | 4.87 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.93 | 181,155 | 0.28 | 4.81 | 0.32 | 4.77 | ||||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.77 | 519,266 | 0.43 | 4.67 | 0.47 | 4.63 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.51 | 435,192 | 0.68 | 4.35 | 0.72 | 4.31 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
54
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of | Ratio of | |||||||||||||||||||||||||||||||||||||||
Ratio of | net | net | ||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | net | investment | Ratio of total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end of | expenses | income to | expenses | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end of | Total | period | to average | average net | to average | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | period | return(b) | (in 000’s) | net assets | assets | net assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.004 | $ | (0.004 | ) | $ | 1.00 | 0.43 | % | $ | 6,058,839 | 0.20 | %(c) | 0.85 | %(c) | 0.22 | %(c) | 0.83 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.41 | 3 | 0.23 | (c) | 0.82 | (c) | 0.25 | (c) | 0.80 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.38 | 138,450 | 0.30 | (c) | 0.76 | (c) | 0.32 | (c) | 0.74 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.35 | 3,872 | 0.35 | (c) | 0.70 | (c) | 0.37 | (c) | 0.68 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.30 | 338,698 | 0.45 | (c) | 0.60 | (c) | 0.47 | (c) | 0.58 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.002 | (0.002 | ) | 1.00 | 0.18 | 446,304 | 0.70 | (c) | 0.35 | (c) | 0.72 | (c) | 0.33 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 1.00 | 7,076,044 | 0.20 | 0.99 | 0.22 | 0.97 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.010 | (0.010 | ) | 1.00 | 0.97 | 19 | 0.23 | 0.95 | 0.25 | 0.93 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.90 | 108,637 | 0.30 | 0.87 | 0.32 | 0.85 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.84 | 4,748 | 0.35 | 0.77 | 0.37 | 0.75 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.007 | (0.007 | ) | 1.00 | 0.74 | 419,747 | 0.45 | 0.75 | 0.47 | 0.73 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.005 | (0.005 | ) | 1.00 | 0.49 | 505,454 | 0.70 | 0.49 | 0.72 | 0.47 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.65 | 8,955,842 | 0.20 | 1.64 | 0.22 | 1.62 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.02 | (0.02) | 1.00 | �� | 1.62 | 19 | 0.23 | 1.23 | 0.25 | 1.21 | |||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.02 | (0.02) | 1.00 | 1.55 | 121,744 | 0.30 | 1.54 | 0.32 | 1.52 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | 0.01 | (0.01) | 1.00 | 0.53 | 1 | 0.35 | (c) | 1.43 | (c) | 0.37 | (c) | 1.41 | (c) | ||||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.40 | 685,582 | 0.45 | 1.39 | 0.47 | 1.37 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.15 | 650,133 | 0.70 | 1.14 | 0.72 | 1.12 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.05 | 14,153,371 | 0.20 | 3.87 | 0.22 | 3.85 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.02 | 1 | 0.23 | 3.59 | 0.25 | 3.57 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.95 | 126,915 | 0.30 | 3.76 | 0.32 | 3.74 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.79 | 1,134,424 | 0.45 | 3.75 | 0.47 | 3.73 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.53 | 814,384 | 0.70 | 3.43 | 0.72 | 3.41 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.26 | 8,296,788 | 0.20 | 6.16 | 0.23 | 6.13 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.06 | (0.06) | 1.00 | 5.77 | 1 | 0.23 | (c) | 6.16 | (c) | 0.24 | (c) | 6.13 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.16 | 145,000 | 0.30 | 5.93 | 0.32 | 5.90 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.06 | (0.06) | 1.00 | 6.00 | 1,024,184 | 0.45 | 5.89 | 0.48 | 5.86 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.06 | (0.06) | 1.00 | 5.74 | 899,691 | 0.70 | 5.61 | 0.73 | 5.58 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.05 | (0.05) | 1.00 | 5.05 | 4,206,119 | 0.18 | 4.96 | 0.23 | 4.91 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.05 | (0.05) | �� | 1.00 | 4.94 | 186,590 | 0.28 | 5.05 | 0.33 | 5.00 | |||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.05 | (0.05) | 1.00 | 4.79 | 789,529 | 0.43 | 4.71 | 0.48 | 4.66 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.04 | (0.04) | 1.00 | 4.53 | 478,635 | 0.68 | 4.46 | 0.73 | 4.41 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
55
Ratios assuming no | ||||||||||||||||||||||||||||||||||||||||
expense reductions | ||||||||||||||||||||||||||||||||||||||||
Ratio of net | Ratio of | Ratio of net | ||||||||||||||||||||||||||||||||||||||
Net asset | Net asset | Net assets, | Ratio of net | investment | total | investment | ||||||||||||||||||||||||||||||||||
value, | Net | Distributions | value, | end | expenses to | income to | expenses | income to | ||||||||||||||||||||||||||||||||
beginning | investment | to | end | Total | of period | average net | average net | to average | average net | |||||||||||||||||||||||||||||||
of period | income(a) | shareholders | of period | return(b) | (in 000’s) | assets | assets | net assets | assets | |||||||||||||||||||||||||||||||
For the Six Months Ended June 30, (Unaudited) | ||||||||||||||||||||||||||||||||||||||||
2004-FST Shares | $ | 1.00 | $ | 0.004 | $ | (0.004 | ) | $ | 1.00 | 0.42 | % | $ | 8,041,305 | 0.18 | %(c) | 0.83 | %(c) | 0.22 | %(c) | 0.79 | %(c) | |||||||||||||||||||
2004-FST Select Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.40 | 190,779 | 0.21 | (c) | 0.82 | (c) | 0.25 | (c) | 0.78 | (c) | |||||||||||||||||||||||||
2004-FST Preferred Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.37 | 170,970 | 0.28 | (c) | 0.74 | (c) | 0.32 | (c) | 0.70 | (c) | |||||||||||||||||||||||||
2004-FST Capital Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.34 | 10,985 | 0.33 | (c) | 0.67 | (c) | 0.37 | (c) | 0.63 | (c) | |||||||||||||||||||||||||
2004-FST Administration Shares | 1.00 | 0.003 | (0.003 | ) | 1.00 | 0.29 | 244,863 | 0.43 | (c) | 0.58 | (c) | 0.47 | (c) | 0.54 | (c) | |||||||||||||||||||||||||
2004-FST Service Shares | 1.00 | 0.002 | (0.002 | ) | 1.00 | 0.17 | 60,298 | 0.68 | (c) | 0.34 | (c) | 0.72 | (c) | 0.30 | (c) | |||||||||||||||||||||||||
For the Years Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
2003-FST Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.89 | 7,052,124 | 0.18 | 0.87 | 0.22 | 0.83 | |||||||||||||||||||||||||||||
2003-FST Select Shares | 1.00 | 0.009 | (0.009 | ) | 1.00 | 0.86 | 75,811 | 0.21 | 0.85 | 0.25 | 0.81 | |||||||||||||||||||||||||||||
2003-FST Preferred Shares | 1.00 | 0.008 | (0.008 | ) | 1.00 | 0.79 | 204,104 | 0.28 | 0.79 | 0.32 | 0.75 | |||||||||||||||||||||||||||||
2003-FST Capital Shares | 1.00 | 0.007 | (0.007 | ) | 1.00 | 0.74 | 2,784 | 0.33 | 0.75 | 0.37 | 0.71 | |||||||||||||||||||||||||||||
2003-FST Administration Shares | 1.00 | 0.006 | (0.006 | ) | 1.00 | 0.64 | 273,661 | 0.43 | 0.61 | 0.47 | 0.57 | |||||||||||||||||||||||||||||
2003-FST Service Shares | 1.00 | 0.004 | (0.004 | ) | 1.00 | 0.39 | 60,412 | 0.68 | 0.38 | 0.72 | 0.34 | |||||||||||||||||||||||||||||
2002-FST Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.30 | 4,537,375 | 0.18 | 1.29 | 0.22 | 1.25 | ||||||||||||||||||||||||||||||
2002-FST Select Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.27 | 30 | 0.21 | 1.28 | 0.25 | 1.24 | ||||||||||||||||||||||||||||||
2002-FST Preferred Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.20 | 177,825 | 0.28 | 1.20 | 0.32 | 1.16 | ||||||||||||||||||||||||||||||
2002-FST Capital Shares (commenced August 12) | 1.00 | — (d) | —(d | ) | 1.00 | 0.44 | 7,222 | 0.33 | (c) | 0.94 | (c) | 0.37 | (c) | 0.90 | (c) | |||||||||||||||||||||||||
2002-FST Administration Shares | 1.00 | 0.01 | (0.01) | 1.00 | 1.05 | 206,792 | 0.43 | 1.04 | 0.47 | 1.00 | ||||||||||||||||||||||||||||||
2002-FST Service Shares | 1.00 | 0.01 | (0.01) | 1.00 | 0.80 | 69,204 | 0.68 | 0.79 | 0.72 | 0.75 | ||||||||||||||||||||||||||||||
2001-FST Shares | 1.00 | 0.03 | (0.03) | 1.00 | 2.60 | 3,588,030 | 0.18 | 2.46 | 0.23 | 2.41 | ||||||||||||||||||||||||||||||
2001-FST Select Shares | 1.00 | 0.03 | (0.03) | 1.00 | 2.57 | 1 | 0.21 | 2.73 | 0.26 | 2.68 | ||||||||||||||||||||||||||||||
2001-FST Preferred Shares | 1.00 | 0.02 | (0.02) | 1.00 | 2.50 | 17,722 | 0.28 | 2.45 | 0.33 | 2.40 | ||||||||||||||||||||||||||||||
2001-FST Administration Shares | 1.00 | 0.02 | (0.02) | 1.00 | 2.34 | 146,621 | 0.43 | 2.27 | 0.48 | 2.22 | ||||||||||||||||||||||||||||||
2001-FST Service Shares | 1.00 | 0.02 | (0.02) | 1.00 | 2.09 | 68,298 | 0.68 | 2.04 | 0.73 | 1.99 | ||||||||||||||||||||||||||||||
2000-FST Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.95 | 2,693,098 | 0.18 | 3.93 | 0.23 | 3.88 | ||||||||||||||||||||||||||||||
2000-FST Select Shares (commenced January 31) | 1.00 | 0.04 | (0.04) | 1.00 | 3.66 | 1 | 0.21 | (c) | 3.97 | (c) | 0.26 | (c) | 3.92 | (c) | ||||||||||||||||||||||||||
2000-FST Preferred Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.85 | 18,568 | 0.28 | 3.81 | 0.33 | 3.76 | ||||||||||||||||||||||||||||||
2000-FST Administration Shares | 1.00 | 0.04 | (0.04) | 1.00 | 3.69 | 108,335 | 0.43 | 3.66 | 0.48 | 3.61 | ||||||||||||||||||||||||||||||
2000-FST Service Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.43 | 71,614 | 0.68 | 3.46 | 0.73 | 3.41 | ||||||||||||||||||||||||||||||
1999-FST Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.13 | 1,775,327 | 0.18 | 3.12 | 0.22 | 3.08 | ||||||||||||||||||||||||||||||
1999-FST Preferred Shares | 1.00 | 0.03 | (0.03) | 1.00 | 3.03 | 31,359 | 0.28 | 2.99 | 0.32 | 2.95 | ||||||||||||||||||||||||||||||
1999-FST Administration Shares | 1.00 | 0.03 | (0.03) | 1.00 | 2.88 | 127,967 | 0.43 | 2.81 | 0.47 | 2.77 | ||||||||||||||||||||||||||||||
1999-FST Service Shares | 1.00 | 0.03 | (0.03) | 1.00 | 2.62 | 69,465 | 0.68 | 2.61 | 0.72 | 2.57 | ||||||||||||||||||||||||||||||
(a) | Calculated based on the average shares outstanding methodology. |
(b) | Assumes investment at the net asset value at the beginning of the period, reinvestment of all distributions and a complete redemption of the investment at the net asset value at the end of the period. Returns for periods less than a full year are not annualized. |
(c) | Annualized. |
(d) | Less than $.005 per share. |
56
A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available (i) without charge, upon request by calling 1-800-621-2550; and (ii) on the Securities and Exchange Commission Website at http://www.sec.gov.
This Semiannual Report is authorized for distribution to prospective investors only when preceded or accompanied by a Goldman Sachs Trust Financial Square Funds Prospectus, which contains facts concerning each Fund’s objectives and policies, management, expenses and other information.
TRUSTEES | |
Ashok N. Bakhru, Chairman | |
John P. Coblentz, Jr. | |
Patrick T. Harker | |
Mary Patterson McPherson | |
Alan A. Shuch | |
Wilma J. Smelcer | |
Richard P. Strubel | |
Kaysie P. Uniacke | |
OFFICERS | |
Kaysie P. Uniacke, President | |
James A. Fitzpatrick, Vice President | |
James A. McNamara, Vice President | |
John M. Perlowski, Treasurer | |
Howard B. Surloff, Secretary | |
GOLDMAN, SACHS & CO. | |
Distributor and Transfer Agent | |
GOLDMAN SACHS ASSET MANAGEMENT, L.P. | |
Investment Adviser |
FSQ/ SAR 06/04 | Goldman Sachs Funds 32 Old Slip New York, NY 10005 |
ITEM 2. | CODE OF ETHICS. |
Not applicable to the semi-annual report for the period ending June 30, 2004. |
ITEM 3. | AUDIT COMMITTEE FINANCIAL EXPERT. |
Not applicable to the semi-annual report for the period ending June 30, 2004. |
ITEM 4. | PRINCIPAL ACCOUNTANT FEES AND SERVICES. |
Not applicable to the semi-annual report for the period ended June 30, 2004. |
ITEM 5. | AUDIT COMMITTEE OF LISTED REGISTRANTS. |
Not applicable. |
ITEM 6. | SCHEDULE OF INVESTMENTS |
Not applicable to the semi-annual report for the period ended June 30, 2004. |
ITEM 7. | DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES. |
Not applicable. |
ITEM 8. | PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERS |
Not applicable. |
ITEM 9. | SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees. |
ITEM 10. | CONTROLS AND PROCEDURES. |
(a) | The registrant’s principal executive and principal financial officers or persons performing similar functions have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934, as amended. | ||
(b) | There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal half-year (the registrant’s second fiscal half-year in the case of an annual report) that has materially affected, or is reasonably likely to materially affect the registrant’s internal control over financial reporting. |
ITEM 11. | EXHIBITS. |
(a)(1) | Exhibit 99.CODE | Goldman Sachs Trust's Code of Ethics for Principal Executive and Senior Financial Officers is incorporated by reference to Exhibit 11(a)(1) of the registrants's Form N-CSR filed on March 8, 2004 for its Real Estate Securites Fund (Accession Number 0000950123-04-0002984) | ||
(a)(2) | Exhibit 99.CERT Exhibit 99.906CERT | Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 filed herewith Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 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.
Goldman Sachs Trust | ||
/s/ Kaysie Uniacke | ||
By: Kaysie Uniacke | ||
Chief Executive Officer of | ||
Goldman Sachs Trust | ||
Date: August 26, 2004 | ||
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. | ||
/s/ Kaysie Uniacke | ||
By: Kaysie Uniacke | ||
Chief Executive Officer of | ||
Goldman Sachs Trust | ||
Date: August 26, 2004 | ||
/s/ John M. Perlowski | ||
By: John M. Perlowski | ||
Chief Financial Officer of | ||
Goldman Sachs Trust | ||
Date: August 26, 2004 |