SECURITIES AND EXCHANGE COMMISSION
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number | 811-06557 | |
Citi Fund Services Ohio, Inc., 3435 Stelzer Road Columbus, Ohio | 43219 | |
(Address of principal executive offices) | (Zip code) |
Citi Fund Services Ohio, Inc., 3435 Stelzer Road Columbus, Ohio | 43219 | |
(Name and address of agent for service) |
Registrant’s telephone number, including area code: | 614-470-8000 | |
Date of fiscal year end: | 03/31 | |
Date of reporting period: | 03/31/2008 | |
Institutional Money
Market Funds
March 31, 2008
Trusco Capital Management, Inc. became RidgeWorth Capital Management, Inc.
RIDGEWORTH FUNDS March 31, 2008
Letter to Shareholders | 1 | |||
Management Discussion of Fund Performance | ||||
Institutional Cash Management Money Market Fund | 3 | |||
Institutional Municipal Cash Reserve Money Market Fund | 4 | |||
Institutional U.S. Government Securities Money Market Fund | 5 | |||
Institutional U.S. Treasury Securities Money Market Fund | 6 | |||
Schedules of Portfolio Investments | 8 | |||
Statements of Assets and Liabilities | 19 | |||
Statements of Operations | 20 | |||
Statements of Changes in Net Assets | 21 | |||
Financial Highlights | 22 | |||
Notes to Financial Statements | 24 | |||
Report of Independent Registered Public Accounting Firm | 32 | |||
Trustees and Officers of the RidgeWorth Funds | 33 | |||
Additional Information | 35 |
March 31, 2008
1
David H. Eidson | Ashi Parikh | |||||
Chairman and CEO | President and CIO | |||||
RidgeWorth Capital Management, Inc. | RidgeWorth Capital Management, Inc. |
1 | The monetary value of all the goods and services produced by an economy over a specified period. It includes consumption, government purchases, investments, and exports minus imports. |
2
Portfolio Manager(s)
• | Michael G. Sebesta, CFA | |
• | E. Dean Speer, CFA, CPA | |
• | Kimberly C. Maichle, CFA | |
• | Sonny Surkin | |
• | J.P. Yarusinski, CFA |
1 | LIBOR is an interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers’ Association. The LIBOR is derived from a filtered average of the world’s most creditworthy banks’ interbank deposit rates for larger loans with maturities between overnight and one full year. |
Institutional | ||||
Yields (as of March 31, 2008) | Shares | |||
7 Day Average Yield | 2.95 | % | ||
7 Day Effective Yield | 2.99 | % | ||
30 Day Average Yield | 3.15 | % |
3
• | Michael G. Sebesta, CFA | |
• | Greg Hallman | |
• | Chris Carter, CFA |
Institutional | ||||
Yields (as of March 31, 2008) | Shares | |||
7 Day Average Yield | 1.91 | % | ||
7 Day Effective Yield | 1.92 | % | ||
30 Day Average Yield | 2.27 | % |
4
• Michael G. Sebesta, CFA | ||
• E. Dean Speer, CFA, CPA | ||
• Kimberly C. Maichle, CFA | ||
• Sonny Surkin | ||
• J.P Yarusinski.CFA |
Institutional | ||||
Yields (as of March 31, 2008) | Shares | |||
7 Day Average Yield | 2.37 | % | ||
7 Day Effective Yield | 2.39 | % | ||
30 Day Average Yield | 2.73 | % |
5
• Michael G. Sebesta, CFA | |
• E. Dean Speer, CFA, CPA | |
• Kimberly C. Maichle, CFA |
• Sonny Surkin |
• J.P. Yarusinski, CFA |
Institutional | Corporate Trust | |||||||
Yields (as of March 31, 2008) | Shares | Shares | ||||||
7 Day Average Yield | 1.05 | % | 0.80 | % | ||||
7 Day Effective Yield | 1.05 | % | 0.80 | % | ||||
30 Day Average Yield | 1.55 | % | 1.32 | % |
6
7
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Certificates of Deposit (8.5%) | ||||||||
Banks (6.0%) | ||||||||
Banco Santander, 2.910%, 06/10/08 | 20,000 | 20,013 | ||||||
Canadian Imperial Bank NY, 3.915%, 04/22/08 | 15,000 | 15,006 | ||||||
Canadian Imperial Bank NY, 2.410%, 06/09/08(a) | 40,000 | 40,000 | ||||||
Citibank N.A., 3.020%, 05/20/08 | 30,000 | 30,000 | ||||||
Nordea Bank AB, 4.820%, 10/17/08 | 30,000 | 30,198 | ||||||
PNC Bank N.A., 2.634%, 01/27/09(a) | 15,000 | 14,967 | ||||||
Svenska Handelsbanken AB, 3.790%, 04/18/08 | 25,000 | 25,000 | ||||||
Toronto-Dominion Bank, 2.900%, 08/20/08 | 20,000 | 20,001 | ||||||
Toronto-Dominion Bank, 2.640%, 09/15/08 | 20,000 | 20,001 | ||||||
Wachovia Bank N.A., 4.653%, 01/12/09(a) | 30,000 | 30,000 | ||||||
245,186 | ||||||||
Diversified Financial Services (2.5%) | ||||||||
Branch Banking and Trust Co., 2.485%, 04/24/08 | 30,000 | 30,000 | ||||||
HBOS Treasury Services PLC, 5.330%, 05/30/08 | 20,000 | 20,070 | ||||||
HBOS Treasury Services PLC, 5.450%, 06/16/08 | 23,000 | 23,122 | ||||||
Regions Financial Corp., 4.250%, 04/09/08 | 30,000 | 30,000 | ||||||
103,192 | ||||||||
Total Certificates of Deposit | 348,378 | |||||||
Commercial Paper (63.4%) | ||||||||
Banks (18.8%) | ||||||||
Abbey National PLC, 3.746%, 04/17/08(b) | 35,000 | 34,942 | ||||||
ABN AMRO Bank N.V., 3.038%, 05/13/08(b) | 30,000 | 29,894 | ||||||
Australia & New Zealand National Ltd., 5.341%, 04/14/08(b)(c) | 30,000 | 29,944 | ||||||
Australia & New Zealand National Ltd., 5.433%, 06/12/08(b)(c) | 35,000 | 34,640 | ||||||
Banco Santander Central Hispano SA, 3.085%, 06/30/08(b) | 35,000 | 34,734 | ||||||
Bank of Ireland, 3.805%, 04/15/08(b)(c) | 20,000 | 19,971 | ||||||
Bank of Ireland, 3.051%, 05/08/08(b)(c) | 15,000 | 14,953 | ||||||
Bank of Ireland, 4.525%, 06/02/08(b)(c) | 30,000 | 29,771 | ||||||
Bank of Nova Scotia, 3.860%, 04/16/08 | 35,000 | 35,000 | ||||||
Bank of Nova Scotia, 2.950%, 05/05/08 | 25,000 | 25,000 | ||||||
Bank of Nova Scotia, 2.880%, 02/25/09 | 20,000 | 20,000 | ||||||
Danske Bank, 2.942%, 04/03/08(b)(c) | 30,000 | 29,995 | ||||||
Danske Bank, 2.703%, 05/12/08(b)(c) | 25,000 | 24,923 | ||||||
Danske Bank, 2.638%, 06/27/08(b)(c) | 20,000 | 19,873 | ||||||
DnB Nor Bank ASA, 4.296%, 04/09/08(b)(c) | 30,000 | 29,972 | ||||||
DnB Nor Bank ASA, 2.660%, 05/15/08(b)(c) | 30,000 | 29,903 | ||||||
DnB Nor Bank ASA, 2.939%, 07/15/08(b)(c) | 20,000 | 19,831 | ||||||
HSBC USA, Inc., 4.348%, 04/09/08(b) | 20,000 | 19,981 | ||||||
HSBC USA, Inc., 2.955%, 06/04/08(b) | 20,000 | 19,896 | ||||||
Lloyds TSB Bank PLC, 2.506%, 06/24/08(b) | 30,000 | 29,826 | ||||||
Lloyds TSB Bank PLC, 2.803%, 07/01/08(b) | 25,000 | 24,825 | ||||||
Royal Bank of Canada, 2.911%, 06/04/08(b) | 30,000 | 29,846 | ||||||
Royal Bank of Scotland, 4.633%, 04/28/08(b) | 35,000 | 34,880 | ||||||
Royal Bank of Scotland, 2.992%, 05/27/08(b) | 30,000 | 29,861 | ||||||
Skandinaviska Enskilda Banken AB, 3.857%, 04/15/08(b)(c) | 30,000 | 29,955 | ||||||
Skandinaviska Enskilda Banken AB, 3.779%, 05/19/08(b)(c) | 30,000 | 29,851 | ||||||
Skandinaviska Enskilda Banken AB, 2.727%, 06/17/08(b)(c) | 29,000 | 28,832 | ||||||
Toronto-Dominion Bank, 3.640%, 06/17/08(b)(c) | 30,000 | 29,770 | ||||||
770,869 | ||||||||
8
Institutional Cash Management Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Consumer Discretionary (1.7%) | ||||||||
Procter & Gamble Co., 2.638%, 04/18/08(b)(c) | 35,000 | 34,956 | ||||||
United Parcel Service, Inc., 5.096%, 07/30/08(b)(c) | 35,000 | 34,434 | ||||||
69,390 | ||||||||
Diversified Financial Services (37.3%) | ||||||||
Alcon Capital Corp., 2.910%, 04/25/08(b)(c) | 25,000 | 24,952 | ||||||
Alcon Capital Corp., 2.728%, 05/05/08(b)(c) | 25,000 | 24,936 | ||||||
Alcon Capital Corp., 2.671%, 06/16/08(b)(c) | 25,000 | 24,860 | ||||||
Allianz Finance Corp., 2.806%, 04/07/08(b)(c) | 25,000 | 24,988 | ||||||
Allianz Finance Corp., 2.661%, 05/21/08(b)(c) | 20,000 | 19,926 | ||||||
American Honda Finance Corp., 2.825%, 04/21/08(b) | 25,000 | 24,961 | ||||||
ASB Financial Corp., 3.120%, 04/09/08(b)(c) | 25,000 | 24,983 | ||||||
ASB Financial Corp., 3.060%, 07/09/08(b)(c) | 20,000 | 19,834 | ||||||
BMW US Capital LLC, 2.864%, 04/03/08(b)(c) | 25,000 | 24,996 | ||||||
BP Capital, 4.548%, 04/30/08(b)(c) | 40,000 | 39,857 | ||||||
CBA Finance, 2.668%, 06/26/08(b) | 20,000 | 19,873 | ||||||
Dexia Delaware LLC, 2.540%, 04/01/08(b) | 30,000 | 30,000 | ||||||
Dexia Delaware LLC, 3.073%, 05/27/08(b) | 20,598 | 20,500 | ||||||
Dexia Delaware LLC, 2.576%, 06/20/08(b) | 20,000 | 19,886 | ||||||
Dresdner US Financial, 2.880%, 04/01/08(b) | 30,000 | 30,000 | ||||||
Fortis Funding, 2.636%, 04/25/08(b)(c) | 30,000 | 29,947 | ||||||
Fountain Square Commercial Funding Corp., 3.460%, 04/03/08(b)(c) | 30,000 | 29,994 | ||||||
General Electric Capital Corp., 4.950%, 04/14/08(b) | 30,000 | 29,948 | ||||||
Goldman Sachs Group, Inc., 2.324%, 04/16/08(b) | 20,000 | 19,981 | ||||||
Goldman Sachs Group, Inc., 4.332%, 05/01/08(b) | 35,000 | 34,876 | ||||||
Greenwich Capital Markets, Inc., 4.355%, 05/13/08(b) | 35,000 | 34,825 | ||||||
IBM Credit Corp., 2.180%, 06/02/08(b)(c) | 20,630 | 20,553 | ||||||
ING (US) Funding LLC, 3.006%, 04/04/08(b) | 25,000 | 24,994 | ||||||
ING (US) Funding LLC, 3.004%, 04/11/08(b) | 30,000 | 29,975 | ||||||
ING (US) Funding LLC, 2.607%, 04/30/08(b) | 20,000 | 19,958 | ||||||
International Lease Finance Corp., 2.886%, 04/08/08(b) | 20,000 | 19,989 | ||||||
International Lease Finance Corp., 2.518%, 05/09/08(b) | 20,000 | 19,947 | ||||||
International Lease Finance Corp., 3.057%, 06/11/08(b) | 20,000 | 19,881 | ||||||
Intesa Funding LLC, 2.536%, 06/18/08(b) | 20,000 | 19,891 | ||||||
John Deere Capital Corp., 2.406%, 04/23/08(b)(c) | 25,642 | 25,604 | ||||||
John Deere Capital Corp., 2.229%, 05/23/08(b)(c) | 20,000 | 19,936 | ||||||
JPMorgan Chase & Co., 2.799%, 06/02/08(b) | 20,000 | 19,904 | ||||||
Lehman Brothers Holdings, Inc., 3.058%, 04/03/08(b)(c) | 30,000 | 29,995 | ||||||
Lehman Brothers Holdings, Inc., 3.082%, 06/05/08 | 30,000 | 29,835 | ||||||
Morgan Stanley, 3.053%, 09/02/08(b) | 25,000 | 24,679 | ||||||
National Australian Funding, 2.461%, 05/28/08(b)(c) | 20,000 | 19,922 | ||||||
National Australian Funding, 2.403%, 06/06/08(b)(c) | 30,000 | 29,869 | ||||||
Nestle Capital Corp., 2.722%, 05/23/08(b)(c) | 20,000 | 19,922 | ||||||
New York Life Insurance Capital Corp., 2.807%, 04/04/08(b)(c) | 30,000 | 29,993 | ||||||
New York Life Insurance Capital Corp., 2.276%, 05/07/08(b)(c) | 30,516 | 30,447 | ||||||
Nordea North America, Inc., 2.490%, 04/01/08(b) | 30,000 | 30,000 | ||||||
Nordea North America, Inc., 2.465%, 06/12/08(b) | 30,000 | 29,853 | ||||||
Novartis Finance, 2.250%, 04/01/08(b)(c) | 30,000 | 30,000 | ||||||
Old Line Funding Corp., 3.229%, 04/03/08(b)(c) | 25,000 | 24,996 |
9
Institutional Cash Management Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Rabobank USA Financial Corp, 2.490%, 04/01/08(b) | 30,000 | 30,000 | ||||||
Rabobank USA Financial Corp, 2.395%, 04/17/08(b) | 25,000 | 24,973 | ||||||
Rabobank USA Financial Corp, 2.688%, 06/02/08(b) | 25,000 | 24,885 | ||||||
San Paolo-IMI US Financial Co., 4.510%, 04/02/08(b) | 25,000 | 24,997 | ||||||
San Paolo-IMI US Financial Co., 3.867%, 04/15/08(b) | 30,000 | 29,955 | ||||||
Siemens Capital Co. LLC, 2.818%, 05/05/08(b)(c) | 20,000 | 19,947 | ||||||
Societe Generale N.A., 3.949%, 04/15/08(b) | 20,135 | 20,104 | ||||||
Swiss Re Financial Products Corp., 2.969%, 04/28/08(b)(c) | 20,000 | 19,956 | ||||||
Swiss Re Financial Products Corp., 2.995%, 08/27/08(b)(c) | 5,000 | 4,939 | ||||||
UBS Finance Delaware LLC, 5.341%, 04/07/08(b) | 50,000 | 49,954 | ||||||
UBS Finance Delaware LLC, 2.988%, 06/03/08(b) | 30,000 | 29,844 | ||||||
Variable Funding Capital Corp., 3.025%, 04/01/08(b)(c) | 20,000 | 20,000 | ||||||
Wal-Mart Funding Corp., 2.704%, 04/16/08(b)(c) | 40,000 | 39,955 | ||||||
Westpac Securitization Trust, 3.094%, 05/05/08(b)(c) | 25,000 | 24,928 | ||||||
Westpac Securitization Trust, 3.812%, 04/04/08(b)(c) | 28,100 | 28,091 | ||||||
Westpac Securitization Trust, 3.813%, 04/07/08(b)(c) | 10,000 | 9,994 | ||||||
1,526,788 | ||||||||
Health Care (2.4%) | ||||||||
AstraZeneca PLC, 2.565%, 03/13/09(b)(c) | 20,000 | 19,520 | ||||||
AstraZeneca PLC, 2.221%, 08/26/08(b)(c) | 19,880 | 19,701 | ||||||
Pfizer, Inc., 2.597%, 06/05/08(b)(c) | 20,000 | 19,907 | ||||||
Pfizer, Inc., 2.738%, 08/06/08(b)(c) | 40,000 | 39,619 | ||||||
98,747 | ||||||||
Industrials (0.6%) | ||||||||
Illinois Tool Works, Inc., 2.686%, 04/04/08(b) | 25,000 | 24,994 | ||||||
Information Technology (0.9%) | ||||||||
IBM International Group, 2.624%, 04/01/08(b)(c) | 23,075 | 23,075 | ||||||
IBM International Group, 2.679%, 04/16/08(b)(c) | 13,000 | 12,986 | ||||||
36,061 | ||||||||
Utilities (1.7%) | ||||||||
Southern Co., 2.706%, 04/10/08(b)(c) | 13,900 | 13,891 | ||||||
Southern Co., 2.254%, 04/18/08(b)(c) | 35,600 | 35,562 | ||||||
Southern Co., 2.255%, 05/07/08(b)(c) | 20,000 | 19,955 | ||||||
69,408 | ||||||||
Total Commercial Paper | 2,596,257 | |||||||
Corporate Bonds (13.7%) | ||||||||
Banks (6.3%) | ||||||||
Bank of Nova Scotia, 2.600%, 09/26/08 | 29,000 | 29,002 | ||||||
Fortis Bank NY, 2.700%, 06/26/08 | 30,000 | 30,001 | ||||||
Lloyds TSB Group PLC, 2.968%, 09/06/08(a)(c) | 35,000 | 34,991 | ||||||
PNC Bank N.A., 2.664%, 12/29/08(a) | 35,000 | 34,925 | ||||||
U.S. Bank N.A., 2.880%, 05/23/08 | 20,000 | 20,000 | ||||||
U.S. Bank N.A., 2.740%, 08/19/08 | 40,000 | 40,000 | ||||||
Wachovia Corp., 6.250%, 08/04/08 | 10,145 | 10,243 | ||||||
Wells Fargo Bank N.A., 2.730%, 04/10/08 | 30,000 | 30,000 | ||||||
Wells Fargo Bank N.A., 2.530%, 04/29/08 | 30,000 | 30,000 | ||||||
259,162 | ||||||||
Diversified Financial Services (7.4%) | ||||||||
American Express Credit Corp., Ser B, 2.890%, 06/13/08, MTN(a) | 35,000 | 34,988 | ||||||
American Honda Finance Corp., 2.818%, 04/02/09, MTN(a)(c) | 20,000 | 20,000 | ||||||
Caterpillar Financial Services Corp., Ser F, 3.068%, 09/10/08, MTN(a) | 40,000 | 39,961 | ||||||
Credit Suisse (USA), Inc., 3.875%, 01/15/09 | 10,000 | 10,042 | ||||||
General Electric Capital Corp., Ser A, 3.125%, 04/01/09, MTN | 20,000 | 20,079 |
10
Institutional Cash Management Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Goldman Sachs Group, Inc., Ser A, 6.500%, 02/25/09, MTN | 13,890 | 14,310 | ||||||
John Deere Capital Corp., Ser D, 2.901%, 12/12/08, MTN(a) | 30,000 | 29,998 | ||||||
JPMorgan Chase & Co., Ser C, 4.789%, 04/01/08, MTN(a) | 65,400 | 65,400 | ||||||
Procter & Gamble International Funding SCA, 3.140%, 02/19/09(a) | 25,000 | 25,000 | ||||||
Toyota Motor Credit Corp., 2.460%, 02/12/09, MTN(a) | 40,000 | 40,000 | ||||||
299,778 | ||||||||
Total Corporate Bonds | 558,940 | |||||||
Promissory Note (2.1%) | ||||||||
SunTrust Banks, Inc. Promissory Note, 3.058%, 06/30/08(a)(d) | 85,000 | 85,000 | ||||||
Total Promissory Note | 85,000 | |||||||
Mortgage Backed Security (0.2%) | ||||||||
Diversified Financial Services (0.2%) | ||||||||
World Omni Auto Receivables Trust, Ser 2008-A A1, 2.922%, 03/16/09 | 10,001 | 10,001 | ||||||
Total Mortgage Backed Security | 10,001 | |||||||
U.S. Government Agencies (1.7%) | ||||||||
Fannie Mae (0.6%) | ||||||||
5.006%, 07/25/08(b) | 25,000 | 24,619 | ||||||
Federal Home Loan Bank (0.3%) | ||||||||
5.056%, 04/29/08 | 5,000 | 4,981 | ||||||
4.452%, 09/29/08 | 3,000 | 2,936 | ||||||
4.125%, 11/14/08 | 2,000 | 1,950 | ||||||
9,867 | ||||||||
Freddie Mac (0.8%) | ||||||||
2.814%, 07/21/08(b) | 35,000 | 34,700 | ||||||
Total U.S. Government Agencies | 69,186 | |||||||
Master Notes (2.6%) | ||||||||
Banks (2.6%) | ||||||||
Bank of America Corp., 3.100%(a)(e) | 105,001 | 105,001 | ||||||
Total Master Notes | 105,001 | |||||||
Municipal Bond (0.0%) | ||||||||
Virginia (0.0%) | ||||||||
Newport News Economic Development Authority, Ship Building Project, Ser A, RB, 3.170%, 07/01/31, LOC: | ||||||||
Wachovia Bank N.A.(a) | 41 | 41 | ||||||
Total Municipal Bond | 41 | |||||||
Time Deposits (8.3%) | ||||||||
Banks (8.3%) | ||||||||
Barclays Bank, 2.720%(a) | 128,288 | 128,287 | ||||||
BNP Paribas, 2.500%(a) | 16,360 | 16,360 | ||||||
Calyon, 3.000%(a) | 195,036 | 195,036 | ||||||
Total Time Deposits | 339,683 | |||||||
Short-Term Investments (0.0%) | ||||||||
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep(a) | 2,974 | 2,974 | ||||||
Total Short-Term Investments | 2,974 | |||||||
Total Investments (Cost $4,115,461)(f) — 100.5% | 4,115,461 | |||||||
Liabilities in excess of other assets — (0.5)% | (20,001 | ) | ||||||
Net Assets — 100.0% | $ | 4,095,460 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rate represents the effective yield at purchase. | |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 35.8% of net assets as of March 31, 2008. | |
(d) | Affiliate investment. The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. | |
(e) | Perpetual maturity. | |
(f) | Aggregate cost for federal income tax and financial reporting purposes is the same. | |
LOC | — Letter of Credit | |
MTN | — Medium Term Note |
11
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (70.7%) | ||||||||
California (0.8%) | ||||||||
California Pollution Control Financing Authority Exempt Facilities, ExxonMobil Project, RB, AMT, 1.170%, 12/01/29, LOC: Exxon Mobil Corp.(a) | 1,000 | 1,000 | ||||||
Colorado (5.7%) | ||||||||
Colorado Housing & Finance Authority, Multifamily Project, RB, AMT, 2.350%, 04/01/45, FHLB(a) | 4,000 | 4,000 | ||||||
Denver City & County Airport, Ser C, RB, AMT, 2.400%, 11/15/25, LOC: | ||||||||
Lloyds TSB Bank PLC(a) | 3,450 | 3,450 | ||||||
7,450 | ||||||||
Florida (2.7%) | ||||||||
Alachua County Housing Finance Authority Multifamily, University Cove Apartments Project, RB, AMT, 2.350%, 06/15/34, FNMA(a) | 3,510 | 3,510 | ||||||
Georgia (9.1%) | ||||||||
Dekalb, Newton & Gwinnett Counties Joint Development Authority, GGC Real Estate Package I LLC, RB, 2.150%, 06/01/32, LOC: | ||||||||
Wachovia Bank N.A.(a) | 1,120 | 1,120 | ||||||
Dekalb, Newton & Gwinnett Counties Joint Development Authority, GPC Real Estate Student I, RB, 2.150%, 06/01/35, LOC: | ||||||||
Wachovia Bank N.A.(a) | 1,910 | 1,910 | ||||||
Fulton County Housing Authority, Concorde Place Apartments Project, Ser A, RB, AMT, 6.375%, 01/01/27, Prerefunded 07/01/08 @ 100 | 4,000 | 4,018 | ||||||
Gwinnett County Water & Sewerage Authority, RB, 5.000%, 08/01/12, Prerefunded 08/01/08 @ 102, County Guaranteed | 2,000 | 2,062 | ||||||
Valdosta City School System, GO, 5.000%, 02/01/09, State Aid Withholding | 1,790 | 1,836 | ||||||
Valdosta-Lowndes County Industrial Development Authority, Martins Famous Pastry, Ser A, RB, AMT, 2.200%, 06/01/29, LOC: | ||||||||
Wachovia Bank N.A.(a) | 1,000 | 1,000 | ||||||
11,946 | ||||||||
Illinois (2.6%) | ||||||||
Chicago O’Hare International Airport, Ser 597, RB, AMT, 2.390%, 01/01/12, FSA(a) | 2,000 | 2,000 | ||||||
Savannah Industrial Development, Metform Corp., Project, Ser B, RB, AMT, 3.550%, 06/01/09, LOC: | ||||||||
JPMorgan Chase Bank(a) | 1,400 | 1,400 | ||||||
3,400 | ||||||||
Kentucky (2.0%) | ||||||||
Louisville Regional Airport Authority Special Facilities, Ser A, RB, AMT, 1.360%, 11/01/36(a) | 2,600 | 2,600 | ||||||
Montana (2.3%) | ||||||||
Great Falls Multifamily, Autumn Run Apartments Project, RB, AMT, 2.150%, 01/01/38, LOC: | ||||||||
U.S. Bank N.A.(a) | 3,000 | 3,000 | ||||||
Nebraska (1.5%) | ||||||||
Nebraska Investment Finance Authority, Single Family Housing, Ser G, RB, AMT, 2.350%, 09/01/36, GNMA/FNMA/FHLMC(a) | 1,980 | 1,980 | ||||||
Nevada (5.7%) | ||||||||
Las Vegas Valley Water, 2.300%, 04/02/08, LOC: BNP Paribas | 2,000 | 2,000 | ||||||
Las Vegas Valley Water, 1.000%, 04/03/08 | 2,000 | 2,000 | ||||||
Nevada State Department of Commerce Industrial Development, Ser A, RB, AMT, 2.200%, 01/01/09, LOC: JPMorgan Chase Bank(a) | 3,500 | 3,500 | ||||||
7,500 | ||||||||
12
Institutional Municipal Cash Reserve Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
New York (1.9%) | ||||||||
New York City Housing Development Corp., Multifamily Rent Housing, Atlantic Court Apartments, Ser A, RB, AMT, 2.170%, 12/01/35, FHLMC(a) | 2,500 | 2,500 | ||||||
North Carolina (3.0%) | ||||||||
North Carolina Medical Care Commission Retirement Facilities, Aldersgate Project, RB, 2.250%, 01/01/31, LOC: | ||||||||
Branch Banking & Trust(a) | 4,000 | 4,000 | ||||||
Ohio (2.3%) | ||||||||
Ohio State University, 2.030%, 06/09/08 | 3,000 | 3,000 | ||||||
Oregon (2.3%) | ||||||||
Oregon State Housing & Community Services Department Housing Development, Redwood Park Apartments, Ser F, RB, AMT, 2.150%, 10/15/38, FNMA(a) | 3,000 | 3,000 | ||||||
Pennsylvania (3.0%) | ||||||||
Delaware County Industrial Development Authority, Airport Facilities, United Parcel Service Project, RB, 1.070%, 12/01/15(a) | 2,000 | 2,000 | ||||||
Jacksonville Port Authority, 1.850%, 07/10/08, LOC: JPMorgan Chase Bank | 2,000 | 2,000 | ||||||
4,000 | ||||||||
South Carolina (2.8%) | ||||||||
Florence County, Solid Waste Disposal & Wastewater Treatment Facilities, Roche Carolina, Inc. Project, RB, AMT, 1.400%, 04/01/28, LOC: | ||||||||
Deutsche Bank A.G.(a) | 1,700 | 1,700 | ||||||
South Carolina Jobs Economic Development Authority, Economic Development, Giant Cement Holding, Inc., RB, AMT, 2.150%, 12/01/22, LOC: | ||||||||
Citibank N.A.(a) | 2,000 | 2,000 | ||||||
3,700 | ||||||||
Tennessee (0.8%) | ||||||||
Memphis-Shelby County, Airport Authority, Ser A, RB, AMT, 5.000%, 03/01/09, FSA | 1,000 | 1,019 | ||||||
Texas (10.0%) | ||||||||
Alvin Independent School District, Merlots Project, Ser D52, GO, 2.300%, 02/15/26, PSF-GTD(a)(b) | 2,000 | 2,000 | ||||||
Harris County, 1.850%, 07/10/08, LOC: Dexia Bank | 1,000 | 1,000 | ||||||
San Antonio Housing Finance Corp., Multifamily Housing, RB, AMT, 2.320%, 07/20/47, GNMA(a)(b) | 3,000 | 3,000 | ||||||
Texas Municipal Gas Acquisition & Supply Corp. II, Gas Supply, RB, 2.310%, 09/15/27, LOC: | ||||||||
Dexia Credit Local(a)(b) | 2,000 | 2,000 | ||||||
Texas Municipal Gas Acquisition & Supply Corp. II, Gas Supply, Ser 2007-042-1993B, RB, 2.290%, 09/15/18, LOC: BNP Paribas(a)(b) | 3,000 | 3,000 | ||||||
Texas State Veterans Housing Assistance Fund II, Ser A, GO, AMT, 2.200%, 06/01/35, LOC: State Street Bank & Trust Co.(a) | 2,100 | 2,100 | ||||||
13,100 | ||||||||
Virginia (6.5%) | ||||||||
Rockingham County Industrial Development Authority, Sunnyside Presbyterian Project, RB, 2.280%, 12/01/33, LOC: Branch Banking & Trust Co.(a) | 1,970 | 1,970 | ||||||
Virginia Commonwealth University Health System Authority, Ser A, RB, 1.180%, 07/01/37, LOC: | ||||||||
Branch Banking & Trust Co.(a) | 3,000 | 3,000 | ||||||
Virginia Housing Development Authority, Commomwealth Mortgage, RB, AMT, 3.250%, 10/01/08 | 1,600 | 1,608 |
13
Institutional Municipal Cash Reserve Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia Housing Development Authority, Commonwealth Mortgage, Ser A, Subser A-4, RB, AMT, 3.500%, 07/01/08, GO | 2,000 | 2,006 | ||||||
8,584 | ||||||||
Washington (5.7%) | ||||||||
Washington State Housing Finance Commission Multifamily, Auburn Meadows Project, Ser A, RB, AMT, 1.220%, 07/01/36, LOC: | ||||||||
Wells Fargo Bank N.A.(a) | 2,325 | 2,325 | ||||||
Washington State Housing Finance Commission Multifamily, Canyon Lakes II Project, RB, AMT, 2.150%, 10/01/19, LOC: | ||||||||
Wells Fargo Bank N.A.(a) | 2,130 | 2,130 | ||||||
Washington State Housing Finance Commission Multifamily, Merrill Gardens Tacoma, Ser A, RB, AMT, 2.150%, 09/15/40, LOC: | ||||||||
Bank of America N.A.(a) | 3,000 | 3,000 | ||||||
7,455 | ||||||||
Total Municipal Bonds | 92,744 | |||||||
Money Market Funds (4.5%) | ||||||||
Dreyfus Municipal Money Market Fund, Inc. | 1,672,347 | 1,672 | ||||||
Fidelity Tax Free Fund | 4,164,933 | 4,165 | ||||||
Total Money Market Funds | 5,837 | |||||||
Total Investments (Cost $98,581)(c) — 75.2% | 98,581 | |||||||
Other assets in excess of liabilities — 24.8% | 32,582 | |||||||
Net Assets — 100.0% | $ | 131,163 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 7.6% of net assets as of March 31, 2008. | |
(c) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
AMT | — Alternative Minimum Tax Paper | |
FHLMC | — Security guaranteed by Federal Home Loan Mortgage Corporation | |
FHLB | — Security guaranteed by Federal Home Loan Bank | |
FNMA | — Security guaranteed by Federal National Mortgage Association | |
FSA | — Security guaranteed by Financial Security Assurance | |
GNMA | — Security guaranteed by Government National Mortgage Association | |
GO | — General Obligation | |
LOC | — Letter of Credit | |
PSF-GTD | — Security insured by Permanent School Fund Guarantee Program | |
RB | — Revenue Bond |
14
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Government Agencies (29.8%) | ||||||||
Fannie Mae (6.0%) | ||||||||
4.378%, 04/02/08 | 26,760 | 26,757 | ||||||
3.844%, 05/23/08(a) | 25,000 | 24,863 | ||||||
2.633%, 06/13/08(a) | 34,577 | 34,394 | ||||||
2.545%, 06/30/08(a) | 35,000 | 34,779 | ||||||
3.250%, 08/15/08 | 5,000 | 4,977 | ||||||
5.125%, 09/02/08 | 9,280 | 9,332 | ||||||
3.495%, 12/26/08(a) | 9,280 | 9,046 | ||||||
144,148 | ||||||||
Federal Farm Credit Bank (2.6%) | ||||||||
3.375%, 07/15/08 | 4,500 | 4,488 | ||||||
4.250%, 10/10/08 | 21,100 | 21,270 | ||||||
2.416%, 11/26/08(b) | 17,500 | 17,500 | ||||||
2.500%, 04/01/09, Callable 10/01/08 @ 100 | 20,000 | 20,000 | ||||||
63,258 | ||||||||
Federal Home Loan Bank (15.7%) | ||||||||
4.400%, 04/23/08 | 14,300 | 14,300 | ||||||
4.380%, 04/28/08 | 55,000 | 55,027 | ||||||
2.725%, 05/07/08(a) | 35,000 | 34,905 | ||||||
2.542%, 05/09/08(a) | 34,000 | 33,909 | ||||||
2.739%, 05/14/08(a) | 45,000 | 44,854 | ||||||
2.107%, 05/21/08(a) | 50,000 | 49,855 | ||||||
2.925%, 06/18/08(a) | 15,250 | 15,154 | ||||||
4.500%, 08/08/08 | 19,960 | 19,973 | ||||||
3.875%, 08/22/08 | 27,600 | 27,707 | ||||||
2.650%, 09/17/08(b) | 8,550 | 8,548 | ||||||
4.375%, 10/03/08 | 5,380 | 5,372 | ||||||
4.625%, 10/10/08 | 19,800 | 19,807 | ||||||
4.375%, 10/29/08 | 11,100 | 11,102 | ||||||
2.902%, 11/04/08(b) | 16,000 | 16,000 | ||||||
4.500%, 11/19/08, Callable 05/19/08 @ 100 | 16,700 | 16,700 | ||||||
373,213 | ||||||||
Freddie Mac (5.5%) | ||||||||
3.852%, 05/28/08(a) | 30,000 | 29,820 | ||||||
1.907%, 06/02/08(a) | 19,000 | 18,938 | ||||||
2.814%, 07/21/08(a) | 15,250 | 15,120 | ||||||
2.680%, 02/13/09, Callable 08/13/08 @ 100 | 45,000 | 45,000 | ||||||
2.805%, 02/13/09, Callable 05/13/08 @ 100 | 22,500 | 22,500 | ||||||
131,378 | ||||||||
Total U.S. Government Agencies | 711,997 | |||||||
Repurchase Agreements (65.1%) | ||||||||
ABN AMRO Bank N.V., 2.215%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $230,404 (collateralized by U.S. Government Agencies; 4.000%-7.000%, due 05/15/08-12/29/16; total market value $235,001) | 230,390 | 230,390 | ||||||
Banc of America Securities, 2.315%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $310,998 (collateralized by FNMA; 5.000%, due 07/01/35; total market value $317,197) | 310,978 | 310,978 | ||||||
BNP Paribas, 2.215%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $108,320 (collateralized by FHLMC; DN, due 01/08/09; total market value $110,480) | 108,313 | 108,313 | ||||||
Deutsche Bank, 2.465%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $185,619 (Collateralized by U.S. Government Securities; 4.234%-7.000%, due 12/01/33-12/01/37; total market value $189,318) | 185,606 | 185,606 | ||||||
HSBC Securities, Inc., 2.315%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $422,956 (collateralized by U.S. Government Agencies; 2.500%-5.125%, due 02/28/11-02/15/14; total market value $431,391) | 422,928 | 422,928 | ||||||
Lehman Brothers, Inc., 2.415%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $59,703 (collateralized by U.S. Government Agencies; DN, due 02/01/14-01/01/36; total market value $60,894) | 59,699 | 59,699 |
15
Institutional U.S. Government Securities Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Repurchase Agreements—continued | ||||||||
Morgan Stanley, 2.415%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $196,837 (collateralized by U.S. Government Agencies; 3.634%-7.218%, due 08/01/09-12/01/37; total market value $200,762) | 196,824 | 196,824 | ||||||
UBS Warburg LLC, 2.465%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $39,226 (collateralized by U.S. Government Agencies; 4.000%-6.000%, due 09/15/18-11/15/36; total market value $40,011) | 39,223 | 39,223 | ||||||
Total Repurchase Agreements | 1,553,961 | |||||||
Money Market Funds (5.1%) | ||||||||
Federated Government Obligations Money Market Fund | 72,441,768 | 72,442 | ||||||
Federated Government Obligations Tax-Managed Fund | 50,000,000 | 50,000 | ||||||
Total Money Market Funds | 122,442 | |||||||
Total Investments (Cost $2,388,400)(c) — 100.0% | 2,388,400 | |||||||
Liabilities in excess of other assets — 0.0% | (702 | ) | ||||||
Net Assets — 100.0% | $ | 2,387,698 | ||||||
(a) | Rate represents the effective yield at purchase. | |
(b) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(c) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
FHLMC | — Federal Home Loan Mortgage Corporation | |
FNMA | — Federal National Mortgage Association |
16
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Treasury Obligations (27.8%) | ||||||||
U.S. Treasury Bills (27.8%) | ||||||||
0.800%, 04/10/08(a) | 94,473 | 94,455 | ||||||
1.211%, 04/15/08(a) | 125,000 | 124,941 | ||||||
1.614%-1.727%, 04/16/08(a) | 280,000 | 279,805 | ||||||
1.461%, 04/17/08(a) | 31,473 | 31,453 | ||||||
1.341%, 04/21/08(a) | 146,648 | 146,539 | ||||||
1.281%-1.407, 04/24/08(a) | 156,473 | 156,342 | ||||||
2.625%, 05/15/08 | 28,900 | 28,902 | ||||||
1.556%, 09/04/08(a) | 14,225 | 14,130 | ||||||
Total U.S. Treasury Obligations | 876,567 | |||||||
Repurchase Agreements (80.2%) | ||||||||
ABN AMRO Bank N.V., 1.350%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $188,912 (collateralized by U.S. Treasury Obligations; 5.375%-6.00%, due 02/15/26-02/15/31; total market value $192,684) | 188,905 | 188,905 | ||||||
Bank of America Securities, 1.250%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $185,530 (collateralized by U.S. Treasury Obligation; 4.875%, due 08/31/08; total market value $189,234) | 185,523 | 185,523 | ||||||
BNP Paribas, 1.000%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $465,632 (collateralized by U.S. Treasury Obligations; 2.500%-4.250%, due 01/15/10-03/31/13; total market value $474,932) | 465,619 | 465,619 | ||||||
Deutsche Bank AG, 1.400%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $38,651 (collateralized by U.S. Treasury Obligations; DN-4.875%, due 04/30/08-02/15/30; total market value $39,424) | 38,649 | 38,649 | ||||||
Dresdner Bank AG, 1.050%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $7,000 (collateralized by U.S. Treasury Obligations; 1.750%-2.000%, due 03/31/10-07/15/14; total market value $7,140) | 7,000 | 7,000 | ||||||
Dresdner Bank AG, Term, 1.050%, dated 03/27/08 to be repurchased on 04/03/08, repurchase price $277,635 (collateralized by U.S. Treasury Obligations; 1.750%-2.000%, due 03/31/10-07/15/14; total market value $283,134) | 277,578 | 277,578 | ||||||
Greenwich Capital Markets, Inc., 1.400%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $531,651 (collateralized by U.S. Treasury Obligation; 2.500%, due 03/31/13; total market value $542,268) | 531,631 | 531,631 | ||||||
HSBC Securities, Inc., 1.500%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $562,564 (collateralized by U.S. Treasury Obligations; 1.750%-6.500%, due 04/30/08-02/15/38; total market value $573,796) | 562,540 | 562,540 | ||||||
Lehman Brothers, Inc., 1.000%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $1,984 (collateralized by U.S. Treasury Obligation; 6.250%, due 08/15/23; total market value $2,025) | 1,984 | 1,984 |
17
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Repurchase Agreements—continued | ||||||||
Morgan Stanley, 1.450%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $229,762 (collateralized by U.S. Treasury Obligations; 4.750%-7.250%, due 02/28/09-05/15/16; total market value $234,348) | 229,752 | 229,752 | ||||||
UBS Warburg LLC, 1.350%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $35,593 (collateralized by U.S. Treasury Obligation; 7.875%, due 02/15/21; total market value $36,305) | 35,592 | 35,592 | ||||||
Total Repurchase Agreements | 2,524,773 | |||||||
Money Market Fund (1.0%) | ||||||||
Federated Treasury Obligations Fund | 29,982,897 | 29,983 | ||||||
Total Money Market Fund | 29,983 | |||||||
Total Investments | ||||||||
(Cost $3,431,323)(b) — 109.0% | 3,431,323 | |||||||
Liabilities in excess of other assets — (9.0)% | (283,151 | ) | ||||||
Net Assets — 100.0% | $ | 3,148,172 | ||||||
(a) | Rate represents the effective yield at purchase. | |
(b) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
18
Institutional | Institutional | Institutional | ||||||||||||||
Institutional | Municipal | U.S. | U.S. | |||||||||||||
Cash | Cash | Government | Treasury | |||||||||||||
Management | Reserve | Securities | Securities | |||||||||||||
Money | Money | Money | Money | |||||||||||||
Market | Market | Market | Market | |||||||||||||
Fund | Fund | Fund | Fund | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $ | 4,115,461 | $ | 98,581 | $ | 2,388,400 | $ | 3,431,323 | ||||||||
Investments, at Value | $ | 4,030,461 | $ | 98,581 | $ | 834,439 | $ | 906,550 | ||||||||
Investments in Affiliates, at Value and Cost | 85,000 | — | — | — | ||||||||||||
Repurchase Agreements, at Value and Cost | — | — | 1,553,961 | 2,524,773 | ||||||||||||
Total Investments | 4,115,461 | 98,581 | 2,388,400 | 3,431,323 | ||||||||||||
Cash | 1 | — | — | — | ||||||||||||
Interest and Dividends Receivable | 8,358 | 427 | 3,586 | 455 | ||||||||||||
Interest Receivable from Affiliated Investments | 159 | — | — | — | ||||||||||||
Receivable for Capital Shares Issued | 3,727 | — | 1,563 | 828 | ||||||||||||
Receivable for Investment Securities Sold | — | 34,332 | — | — | ||||||||||||
Prepaid Expenses and Other Assets | 23 | 11 | 3 | 5 | ||||||||||||
Total Assets | 4,127,729 | 133,351 | 2,393,552 | 3,432,611 | ||||||||||||
Liabilities: | ||||||||||||||||
Income Distributions Payable | 11,424 | 254 | 5,485 | 3,850 | ||||||||||||
Payable for Investment Securities Purchased | 20,000 | 1,914 | — | 279,805 | ||||||||||||
Investment Advisory Fees Payable | 442 | 17 | 291 | 379 | ||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 29 | 1 | 13 | 12 | ||||||||||||
Compliance Services Fees Payable | 18 | — | 3 | 7 | ||||||||||||
Shareholder Services Fees Payable — Corporate Trust Shares | N/A | N/A | N/A | 258 | ||||||||||||
Custodian Fees Payable | 58 | 1 | 2 | 7 | ||||||||||||
Trustee Fees Payable | 36 | 1 | 6 | 14 | ||||||||||||
Other Fees Payable | 262 | — | 54 | 107 | ||||||||||||
Total Liabilities | 32,269 | 2,188 | 5,854 | 284,439 | ||||||||||||
Net Assets | $ | 4,095,460 | $ | 131,163 | $ | 2,387,698 | $ | 3,148,172 | ||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $ | 4,095,990 | $ | 131,165 | $ | 2,387,683 | $ | 3,148,262 | ||||||||
Accumulated Net Investment Income | 57 | 1 | 15 | 126 | ||||||||||||
Accumulated Net Realized Gain (Loss) from Investment Transactions | (587 | ) | (3 | ) | — | (216 | ) | |||||||||
Net Assets | $ | 4,095,460 | $ | 131,163 | $ | 2,387,698 | $ | 3,148,172 | ||||||||
Net Assets: | ||||||||||||||||
Institutional Shares | $ | 4,095,460 | $ | 131,163 | $ | 2,387,698 | $ | 1,818,974 | ||||||||
Corporate Trust Shares | N/A | N/A | N/A | 1,329,198 | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||
Institutional Shares | 4,095,990 | 131,165 | 2,387,683 | 1,818,958 | ||||||||||||
Corporate Trust Shares | N/A | N/A | N/A | 1,329,304 | ||||||||||||
Net Asset Value, Offering and Redemption Price Per Share: | ||||||||||||||||
Institutional Shares | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||
Corporate Trust Shares | N/A | N/A | N/A | 1.00 |
19
Institutional | Institutional | Institutional | ||||||||||||||
Institutional | Municipal | U.S. | U.S. | |||||||||||||
Cash | Cash | Government | Treasury | |||||||||||||
Management | Reserve | Securities | Securities | |||||||||||||
Money | Money | Money | Money | |||||||||||||
Market | Market | Market | Market | |||||||||||||
Fund | Fund | Fund | Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Interest Income | $ | 183,556 | $ | 2,122 | $ | 57,864 | $ | 102,105 | ||||||||
Dividend Income | — | 213 | 723 | 284 | ||||||||||||
Interest Recovery Payments by Affiliate | 2,891 | — | — | — | ||||||||||||
Interest Income from Affiliated Investments | 1,110 | — | — | — | ||||||||||||
Total Investment Income | 187,557 | 2,335 | 58,587 | 102,389 | ||||||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 4,825 | 108 | 2,000 | 3,663 | ||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 1,001 | 21 | 340 | 635 | ||||||||||||
Compliance Services Fees | 69 | 1 | 17 | 38 | ||||||||||||
Shareholder Services Fees — Corporate Trust Shares | N/A | N/A | N/A | 3,362 | ||||||||||||
Custodian Fees | 196 | 3 | 11 | 29 | ||||||||||||
Printing Fees | 77 | 1 | 21 | 45 | ||||||||||||
Registration Fees | 55 | 10 | 20 | 26 | ||||||||||||
Trustees’ Fees | 96 | 1 | 23 | 52 | ||||||||||||
Other Fees | 314 | 12 | 80 | 156 | ||||||||||||
Total Expenses | 6,633 | 157 | 2,512 | 8,006 | ||||||||||||
Less: Investment Advisory Fees Waived | — | (4 | ) | (7 | ) | — | ||||||||||
Less: Administration Fees Waived | (190 | ) | (11 | ) | (8 | ) | (46 | ) | ||||||||
Less: Shareholder Service Fees Waived — Corporate Trust Shares | N/A | N/A | N/A | (16 | ) | |||||||||||
Net Expenses | 6,443 | 142 | 2,497 | 7,944 | ||||||||||||
Net Investment Income (Loss) | 181,114 | 2,193 | 56,090 | 94,445 | ||||||||||||
Net Realized Gain (Loss) on Investments: | ||||||||||||||||
Net Realized Gain (Loss) from Investment Transactions | (38,002 | ) | — | 3 | 62 | |||||||||||
Net Increase from Payments by Affiliate | 37,621 | — | — | — | ||||||||||||
Net Realized Gain (Loss) on Investments | (381 | ) | — | 3 | 62 | |||||||||||
Change in Net Assets from Operations | $ | 180,733 | $ | 2,193 | $ | 56,093 | $ | 94,507 | ||||||||
20
Institutional | Institutional | Institutional | Institutional | |||||||||||||||||||||||||||||
Cash Management | Municipal Cash Reserve | U.S. Government Securities | U.S. Treasury Securities | |||||||||||||||||||||||||||||
Money Market Fund | Money Market Fund | Money Market Fund | Money Market Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income | $ | 181,114 | $ | 171,462 | $ | 2,193 | $ | 2,988 | $ | 56,090 | $ | 45,094 | $ | 94,445 | $ | 136,064 | ||||||||||||||||
Net Realized Gain (Loss) on Investments | (381 | ) | (17 | ) | — | (2 | ) | 3 | (3 | ) | 62 | — | ||||||||||||||||||||
Change in Net Assets from Operations | 180,733 | 171,445 | 2,193 | 2,986 | 56,093 | 45,091 | 94,507 | 136,064 | ||||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
Institutional Shares | (181,114 | ) | (171,406 | ) | (2,193 | ) | (2,987 | ) | (56,090 | ) | (45,079 | ) | (44,043 | ) | (39,647 | ) | ||||||||||||||||
Corporate Trust Shares | N/A | N/A | N/A | N/A | N/A | N/A | (50,402 | ) | (96,366 | ) | ||||||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||||||
Institutional Shares | — | — | — | (1 | ) | — | — | — | — | |||||||||||||||||||||||
Total Dividends and Distributions | (181,114 | ) | (171,406 | ) | (2,193 | ) | (2,988 | ) | (56,090 | ) | (45,079 | ) | (94,445 | ) | (136,013 | ) | ||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
Institutional Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 12,512,899 | 12,236,686 | 593,656 | 790,559 | 5,835,055 | 3,537,661 | 6,471,190 | 4,075,327 | ||||||||||||||||||||||||
Reinvestment of Cash Distributions | 73,980 | 80,231 | — | 7 | 17,177 | 15,256 | 16,944 | 15,441 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (12,320,098 | ) | (11,463,417 | ) | (578,975 | ) | (800,064 | ) | (4,353,750 | ) | (3,615,491 | ) | (5,385,015 | ) | (4,276,728 | ) | ||||||||||||||||
Change in Net Assets from Institutional Shares | 266,781 | 853,500 | 14,681 | (9,498 | ) | 1,498,482 | (62,574 | ) | 1,103,119 | (185,960 | ) | |||||||||||||||||||||
Corporate Trust Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | N/A | N/A | N/A | N/A | N/A | N/A | 1,167,614 | 3,259,455 | ||||||||||||||||||||||||
Cost of Shares Redeemed | N/A | N/A | N/A | N/A | N/A | N/A | (1,104,807 | ) | (4,061,601 | ) | ||||||||||||||||||||||
Change in Net Assets from Corporate Trust Shares | N/A | N/A | N/A | N/A | N/A | N/A | 62,807 | (802,146 | ) | |||||||||||||||||||||||
Change in Net Assets from Capital Transactions | 266,781 | 853,500 | 14,681 | (9,498 | ) | 1,498,482 | (62,574 | ) | 1,165,926 | (988,106 | ) | |||||||||||||||||||||
Change in Net Assets | 266,400 | 853,539 | 14,681 | (9,500 | ) | 1,498,485 | (62,562 | ) | 1,165,988 | (988,055 | ) | |||||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 3,829,060 | 2,975,521 | 116,482 | 125,982 | 889,213 | 951,775 | 1,982,184 | 2,970,239 | ||||||||||||||||||||||||
End of Period | $ | 4,095,460 | $ | 3,829,060 | $ | 131,163 | $ | 116,482 | $ | 2,387,698 | $ | 889,213 | $ | 3,148,172 | $ | 1,982,184 | ||||||||||||||||
Accumulated Net Investment Income, End of Period | $ | 57 | $ | 57 | $ | 1 | $ | 1 | $ | 15 | $ | 15 | $ | 126 | $ | 126 | ||||||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
Institutional Shares: | ||||||||||||||||||||||||||||||||
Issued | 12,512,899 | 12,236,686 | 593,656 | 790,559 | 5,835,055 | 3,537,661 | 6,471,190 | 4,075,327 | ||||||||||||||||||||||||
Reinvested | 73,980 | 80,231 | — | 7 | 17,177 | 15,256 | 16,944 | 15,441 | ||||||||||||||||||||||||
Redeemed | (12,320,098 | ) | (11,463,417 | ) | (578,975 | ) | (800,064 | ) | (4,353,750 | ) | (3,615,491 | ) | (5,385,015 | ) | (4,276,728 | ) | ||||||||||||||||
Change in Institutional Shares | 266,781 | 853,500 | 14,681 | (9,498 | ) | 1,498,482 | (62,574 | ) | 1,103,119 | (185,960 | ) | |||||||||||||||||||||
Corporate Trust Shares: | ||||||||||||||||||||||||||||||||
Issued | N/A | N/A | N/A | N/A | N/A | N/A | 1,167,614 | 3,259,455 | ||||||||||||||||||||||||
Redeemed | N/A | N/A | N/A | N/A | N/A | N/A | (1,104,807 | ) | (4,061,601 | ) | ||||||||||||||||||||||
Change in Corporate Trust Shares | N/A | N/A | N/A | N/A | N/A | N/A | 62,807 | (802,146 | ) | |||||||||||||||||||||||
Change in Shares | 266,781 | 853,500 | 14,681 | (9,498 | ) | 1,498,482 | (62,574 | ) | 1,165,926 | (988,106 | ) | |||||||||||||||||||||
21
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Expenses to | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Ratio of | Average | |||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Net | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Investment | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Unrealized | Dividends | from | Total | Asset | to | Income to | Waivers, | ||||||||||||||||||||||||||||||||||||||||||||
Value, | Net | Gain | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements, | ||||||||||||||||||||||||||||||||||||||||||
Beginning | Investment | (Loss) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | ||||||||||||||||||||||||||||||||||||||||
of Period | Income | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | ||||||||||||||||||||||||||||||||||||||||
Institutional Cash Management Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 1.00 | $ | 0.05 | $ | — | $ | 0.05 | $ | (0.05 | ) | $ | — | $ | (0.05 | ) | $ | 1.00 | 4.75 | %* | $ | 4,095,460 | 0.16 | % | 4.62 | %* | 0.17 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 5.17 | 3,829,060 | 0.16 | 5.06 | 0.16 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 3.62 | 2,975,521 | 0.17 | 3.60 | 0.19 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005(3) | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.43 | 2,591,527 | 0.19 | 1.71 | 0.26 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.86 | 2,368,849 | 0.25 | 0.86 | 0.29 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.46 | 2,985,750 | 0.25 | 1.45 | 0.29 | |||||||||||||||||||||||||||||||||||||
Institutional Municipal Cash Reserve Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.26 | 131,163 | 0.20 | 3.06 | 0.22 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.42 | 116,482 | 0.20 | 3.35 | 0.23 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006(4) | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | 1.79 | 125,982 | 0.19 | 2.78 | 0.23 | |||||||||||||||||||||||||||||||||||||
Institutional U.S. Government Securities Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.54 | 2,387,698 | 0.18 | 4.15 | 0.19 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 5.04 | 889,213 | 0.19 | 4.93 | 0.19 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.51 | 951,775 | 0.21 | 3.48 | 0.21 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005(3) | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.36 | 894,653 | 0.25 | 1.63 | 0.26 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.82 | 858,260 | 0.27 | 0.82 | 0.29 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.40 | 1,040,066 | 0.26 | 1.39 | 0.29 | |||||||||||||||||||||||||||||||||||||
Institutional U.S. Treasury Securities Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Institutional Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.09 | 1,818,974 | 0.18 | 3.73 | 0.18 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 5.03 | 715,831 | 0.18 | 4.93 | 0.18 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.41 | 901,777 | 0.20 | 3.45 | 0.20 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005(3) | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.31 | 697,095 | 0.25 | 1.62 | 0.26 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.77 | 420,948 | 0.26 | 0.71 | 0.29 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.30 | 653,340 | 0.26 | 1.23 | 0.29 | |||||||||||||||||||||||||||||||||||||
Corporate Trust Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 3.83 | 1,329,198 | 0.43 | 3.76 | 0.43 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 4.77 | 1,266,353 | 0.43 | 4.67 | 0.43 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.17 | 2,068,462 | 0.44 | 3.14 | 0.44 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005(3) | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.14 | 1,825,373 | 0.44 | 1.38 | 0.45 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.57 | 1,378,551 | 0.46 | 0.51 | 0.49 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.10 | 1,298,910 | 0.46 | 1.05 | 0.49 |
22
(1) | Not annualized for periods less than one year. | |
(2) | Annualized for periods less than one year. | |
(3) | Effective June 1, 2004, these Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds. The Funds changed fiscal year end from May 31 to March 31. | |
(4) | Commenced operations on August 2, 2005. | |
* | During the period ended March 31, 2008, the Fund received certain payments by an affiliate. Absent these payments, the total return and ratio of net investment income to average net assets would have been 3.65% and 4.52%, respectively. |
23
1. | Organization |
2. | Significant Accounting Policies |
24
25
3. | Agreements and Other Transactions with Affiliates |
Maximum | Discounted | Advisory Fees | Net | |||||||||||||
Annual | Annual | Waived or | Annual | |||||||||||||
Fund | Advisory Fee(%) | Advisory Fee(%) | Reimbursed(%) | Fees Paid(%) | ||||||||||||
Institutional Cash Management Money Market Fund | 0.13 | 0.12 | — | 0.12 | ||||||||||||
Institutional Municipal Cash Reserve Money Market Fund | 0.15 | 0.15 | (0.01 | ) | 0.14 | |||||||||||
Institutional U.S. Government Securities Money Market Fund | 0.15 | 0.15 | — | 0.15 | ||||||||||||
Institutional U.S. Treasury Securities Money Market Fund | 0.15 | 0.15 | — | 0.15 |
Total Operating | ||||
Fund | Expenses(%) | |||
Institutional Cash Management Money Market | 0.17 | |||
Institutional Municipal Cash Reserve Money Market | 0.20 | |||
Institutional U.S. Government Securities Money Market Fund | 0.20 | |||
Institutional U.S. Treasury Securities Money Market Fund, Institutional Shares | 0.20 | |||
Institutional U.S. Treasury Securities Money Market Fund, Corporate Trust Shares | 0.45 |
26
Fund | Amount($) | |||
Institutional Municipal Cash Reserve Money Market Fund | 30 |
27
Chairman($) | Trustee($) | |||||||
Annual Retainer | 75,000 | 60,000 | ||||||
Regular Meeting Fee | 8,750 | 7,000 | ||||||
Special Meeting Fee | 4,375 | 3,500 | ||||||
Committee Meeting Fee | 4,500 | 3,000 |
28
Chairman($) | Trustee($) | |||||||
Annual Retainer | 55,000 | 44,000 | ||||||
Regular Meeting Fee | 10,000 | 8,000 | ||||||
Special Meeting Fee | 5,000 | 4,000 | ||||||
Committee Meeting Fee | 4,500 | 3,000 |
Fee($) | ||||
Institutional U.S. Government Securities Money Market Fund | 328 | |||
Institutional U.S. Treasury Securities Money Market Fund | 849 |
4. | Federal Tax Information |
Distributions Paid From | ||||||||||||
Net Investment | Tax-Exempt | Total Distributions | ||||||||||
Fund | Income($) | Income($) | Paid($)* | |||||||||
Institutional Cash Management Money Market Fund | 186,098 | — | 186,098 | |||||||||
Institutional Municipal Cash Reserve Money Market Fund | — | 2,260 | 2,260 | |||||||||
Institutional U.S. Government Securities Money Market Fund | 54,464 | — | 54,464 | |||||||||
Institutional U.S. Treasury Securities Money Market Fund | 98,859 | — | 98,859 |
* | Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid. |
29
Distributions Paid From | ||||||||||||
Net Investment | Tax-Exempt | Total Distributions | ||||||||||
Fund | Income($) | Income($) | Paid($)* | |||||||||
Institutional Cash Management Money Market Fund | 166,575 | — | 166,575 | |||||||||
Institutional Municipal Cash Reserve Money Market Fund | 1 | 3,032 | 3,033 | |||||||||
Institutional U.S. Government Securities Money Market Fund | 44,386 | — | 44,386 | |||||||||
Institutional U.S. Treasury Securities Money Market Fund | 137,947 | — | 137,947 |
* | Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid. |
Total | ||||||||||||||||||||||||
Undistributed | Accumulated | Accumulated | ||||||||||||||||||||||
Ordinary | Tax-Exempt | Accumulated | Distributions | Capital and | Earnings | |||||||||||||||||||
Fund | Income($) | Income($) | Earnings($) | Payable($) | Other Losses($)** | (Deficit)($) | ||||||||||||||||||
Institutional Cash Management Money Market Fund | 11,498 | — | 11,498 | (11,424 | ) | (587 | ) | (513 | ) | |||||||||||||||
Institutional Municipal Cash Reserve Money Market Fund | — | 255 | 255 | (254 | ) | (3 | ) | (2 | ) | |||||||||||||||
Institutional U.S. Government Securities Money Market Fund | 5,505 | — | 5,505 | (5,485 | ) | — | 20 | |||||||||||||||||
Institutional U.S. Treasury Securities Money Market Fund | 3,988 | — | 3,988 | (3,850 | ) | (216 | ) | (78 | ) |
** | As of the latest tax year end of March 31, 2008, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by the Treasury regulations. To the extent that these carryovers are used to offset future gains, it is probable that the gains so offset will not be distributed to shareholders (in thousands): |
Expires | ||||||||||||
Fund | 2013($) | 2014($) | 2015($) | |||||||||
Institutional Cash Management Money Market Fund | — | — | 101 | |||||||||
Institutional Municipal Cash Reserve Money Market Fund | — | — | 3 | |||||||||
Institutional U.S. Government Securities Money Market Fund | — | — | — | |||||||||
Institutional U.S. Treasury Securities Money Market Fund | 94 | 110 | 12 | |||||||||
Net Capital losses incurred after October 31, and within the taxable year are deemed to arise on the first business day of the Funds’ next taxable year. The Institutional Cash Management Money Market Fund and Institutional U.S. Government Securities Money Market Fund incurred and will elect to defer $486 and $1, respectively, in thousands, in capital losses. | ||||||||||||
Amounts designated as “—” are $0 or have been rounded to $0. |
5. | Risks |
30
6. | Investment Adviser Reorganization |
31
RidgeWorth Funds (formerly the STI Classic Funds):
May 28, 2008
32
(Unaudited)
Number of | ||||||||||
Name, Business | Term of | Portfolios | ||||||||
Address, State of | Position | Office and | Principal | in Fund | Other | |||||
Residence and | Held With | Length of | Occupation(s) | Complex | Directorships | |||||
Date of Birth | Trust | Time Served | During the Past 5 Years | Overseen | Held | |||||
INDEPENDENT TRUSTEES: | ||||||||||
Jeffrey Biggar 3435 Stelzer Road Columbus, OH 43219 (Ohio) DOB 02/50 | Trustee | Indefinite; since January 2007 | Retired. Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006) | 57 | None | |||||
George C. Guynn 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 12/42 | Trustee | Indefinite; since January 2008 | Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta | 57 | Genuine Parts Company; Oxford Industries; John Weiland Homes and Neighborhoods | |||||
Sidney E. Harris 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 07/49 | Trustee | Indefinite; since November 2004 | Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 57 | ServiceMaster Company; Total System Services, Inc. | |||||
Warren Y. Jobe 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 11/40 | Trustee | Indefinite; since November 2004 | Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001) | 57 | WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp. | |||||
Connie D. McDaniel 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 04/58 | Trustee | Indefinite; since May 2005 | Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company | 57 | None | |||||
Clarence H. Ridley 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 06/42 | Trustee | Indefinite; since November 2001 | Chairman, Haverty Furniture Companies | 57 | Crawford & Co.; Haverty Furniture Companies | |||||
Charles D. Winslow 3435 Stelzer Road Columbus, OH 43219 (Florida) DOB 07/35 | Trustee | Indefinite; since November 2004 | Retired. Formerly Partner, Accenture (consulting) | 57 | None | |||||
33
(Unaudited)
Term of | ||||||
Position(s) | Office and | |||||
Name, Address and | Held with | Length of | Principal Occupation(s) | |||
Date of Birth | Trust | Time Served | During the Past 5 Years | |||
OFFICERS | ||||||
Julia Short 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 11/72 | President and Chief Executive Officer | One-year: since July 2007 | Managing Director, Product Manager, RidgeWorth Capital Management, Inc. (since 2004); Relationship Manager, SEI Investments (Financial Services) (1994-2004) | |||
Deborah A. Lamb 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 10/52 | Executive Vice President; Assistant Secretary; Chief Compliance Officer | One-year; since September 2004; since November 2003; since August 2004 (respectively) | Chief Compliance Officer, Managing Director, RidgeWorth Capital Management, Inc. (since 2003); President, Investment Industry Consultants, LLC (2000-2003); | |||
Martin R. Dean 3435 Stelzer Road Columbus, OH 43219 DOB 11/63 | Treasurer; Chief Financial Officer; Chief Accounting Officer | One-year; since March 2007 | Senior Vice President (since January 2008), Financial Administration, Vice President (1994-January 2008) Citi Fund Services Ohio, Inc. | |||
Cynthia J. Surprise 3435 Stelzer Road Columbus, OH 43219 DOB 07/46 | Secretary and Chief Legal Officer | One-year; since February 2005 | Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since 2004); Director and Counsel, Investors Bank & Trust Company (1999-2004) | |||
Kerry Reilly 3435 Stelzer Road Columbus, OH 43219 DOB 07/65 | Assistant Secretary | One-year; since February 2008 | Vice President (since January 2008), Counsel (since July 2007), Assistant Counsel (January 2006-June 2007) Legal Services, Citi Fund Services Ohio, Inc.; from June 2004 to May 2005, employee CitiStreet LLC; from June 1987 through October 2001, employee of Fidelity Investments. | |||
34
(Unaudited)
35
(Unaudited)
36
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
Fund | Class | 10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||
Institutional Cash Management Money Market Fund | Institutional Shares | 1,000.00 | 1,020.90 | 0.86 | 0.17 | |||||||||||||
Institutional Municipal Cash Reserve Money Market Fund | Institutional Shares | 1,000.00 | 1,014.30 | 0.96 | 0.19 | |||||||||||||
Institutional U.S. Government Securities Money Market Fund | Institutional Shares | 1,000.00 | 1,019.40 | 0.91 | 0.18 | |||||||||||||
Institutional U.S. Treasury Securities Money Market Fund | Institutional Shares | 1,000.00 | 1,016.10 | 0.91 | 0.18 | |||||||||||||
Corporate Trust Shares | 1,000.00 | 1,014.80 | 2.17 | 0.43 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
37
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
Fund | Class | 10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||
Institutional Cash Management Money Market Fund | Institutional Shares | 1,000.00 | 1,024.15 | 0.86 | 0.17 | |||||||||||||
Institutional Municipal Cash Reserve Money Market Fund | Institutional Shares | 1,000.00 | 1,024.05 | 0.96 | 0.19 | |||||||||||||
Institutional U.S. Government Securities Money Market Fund | Institutional Shares | 1,000.00 | 1,024.10 | 0.91 | 0.18 | |||||||||||||
Institutional U.S. Treasury Securities Money Market Fund | Institutional Shares | 1,000.00 | 1,024.10 | 0.91 | 0.18 | |||||||||||||
Corporate Trust Shares | 1,000.00 | 1,022.85 | 2.17 | 0.43 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
38
(Unaudited)
# of Shares | % of Outstanding Shares | % of Shares Present | ||||||||||
Jeffrey M. Biggar | ||||||||||||
Affirmative | 6,579,428.109 | 94.343% | 95.578% | |||||||||
Withhold | 304,420.348 | 4.365% | 4.422% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
George C. Guynn | ||||||||||||
Affirmative | 6,587,354.241 | 94.456% | 95.693% | |||||||||
Withhold | 296,494.216 | 4.252% | 4.307% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Sidney E. Harris | ||||||||||||
Affirmative | 6,581,214.171 | 94.368% | 95.604% | |||||||||
Withhold | 302,634.286 | 4.340% | 4.396% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Warren Y. Jobe | ||||||||||||
Affirmative | 6,580,767.574 | 94.362% | 95.597% | |||||||||
Withhold | 303,080.883 | 4.346% | 4.403% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Connie D. McDaniel | ||||||||||||
Affirmative | 6,549,975.936 | 93.920% | 95.150% | |||||||||
Withhold | 333,872.521 | 4.788% | 4.850% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Clarence H. Ridley | ||||||||||||
Affirmative | 6,574,080.344 | 94.266% | 95.500% | |||||||||
Withhold | 309,768.113 | 4.442% | 4.500% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Charles D. Winslow | ||||||||||||
Affirmative | 6,578,015.208 | 94.322% | 95.557% | |||||||||
Withhold | 305,833.249 | 4.386% | 4.443% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% |
39
5/08
Letter to Shareholders | 1 | |||
Management Discussion of Fund Performance | ||||
Equity Funds: | ||||
Aggressive Growth Stock Fund | 3 | |||
Emerging Growth Stock Fund | 5 | |||
International Equity Fund | 7 | |||
International Equity Index Fund | 9 | |||
Large Cap Core Equity Fund | 11 | |||
Large Cap Growth Stock Fund | 13 | |||
Large Cap Quantitative Equity Fund | 15 | |||
Large Cap Value Equity Fund | 17 | |||
Mid-Cap Core Equity Fund | 19 | |||
Mid-Cap Value Equity Fund | 21 | |||
Select Large Cap Growth Stock Fund | 23 | |||
Small Cap Growth Stock Fund | 25 | |||
Small Cap Value Equity Fund | 27 | |||
Asset Allocation Funds: | ||||
Life Vision Aggressive Growth Fund | 29 | |||
Life Vision Conservative Fund | 31 | |||
Life Vision Growth and Income Fund | 33 | |||
Life Vision Moderate Growth Fund | 35 | |||
Life Vision Target Date 2015 | 37 | |||
Life Vision Target Date 2025 | 39 | |||
Life Vision Target Date 2035 | 41 | |||
Schedules of Portfolio Investments | 43 | |||
Statements of Assets and Liabilities | 99 | |||
Statements of Operations | 103 | |||
Statements of Cash Flows | 107 | |||
Statements of Changes in Net Assets | 108 | |||
Financial Highlights | 120 | |||
Notes to Financial Statements | 133 | |||
Report of Independent Registered Public Accounting Firm | 151 | |||
Other Federal Tax Information | 152 | |||
Trustees and Officers of the RidgeWorth Funds | 153 | |||
Additional Information | 155 |
1
David H. Eidson | Ashi Parikh | |
Chairman and CEO | President and CIO | |
RidgeWorth Capital Management, Inc. | RidgeWorth Capital Management, Inc. |
1 | The monetary value of all the goods and services produced by an economy over a specified period. It includes consumption, government purchases, investments, and exports minus imports. |
2
1 | Portfolio composition subject to change. |
3
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Since | ||||||||||||||||||||
Aggressive Growth Stock Fund | Inception Date | 1 Year | 3 Year | Inception | ||||||||||||||||
A Shares | without sales charge | 02/23/04 | -2.46 | % | 7.49 | % | 5.01 | % | ||||||||||||
with sales charge* | -8.04 | % | 5.39 | % | 3.51 | % | ||||||||||||||
C Shares | without CDSC | 02/23/04 | -3.17 | % | 6.70 | % | 4.29 | % | ||||||||||||
with CDSC* | -4.11 | % | 6.70 | % | 4.29 | % | ||||||||||||||
I Shares | 02/23/04 | -2.12 | % | 7.75 | % | 5.33 | % | |||||||||||||
Russell 3000® Growth Index | -1.45 | % | 6.30 | % | — |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.47 | % | ||
C Shares | 2.17 | % | ||
I Shares | 1.17 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
4
• Brooke de Boutray, CFA, CIC
• Leslie Tubbs, CFA, CIC
1 | Portfolio composition subject to change. |
5
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Since | ||||||||||||||||||||
Emerging Growth Stock Fund | Inception Date | 1 Year | 3 Year | Inception | ||||||||||||||||
A Shares | without sales charge | 02/23/04 | -6.52 | % | 8.69 | % | 4.53 | % | ||||||||||||
with sales charge* | -11.88 | % | 6.57 | % | 3.03 | % | ||||||||||||||
C Shares | without CDSC | 02/27/04 | -7.14 | % | 7.96 | % | 3.54 | % | ||||||||||||
with CDSC* | -7.98 | % | 7.96 | % | 3.54 | % | ||||||||||||||
I Shares | 02/23/04 | -6.29 | % | 9.02 | % | 4.87 | % | |||||||||||||
Russell Midcap® Growth Index | -4.55 | % | 7.77 | % | — |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.48 | % | ||
C Shares | 2.18 | % | ||
I Shares | 1.18 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
6
1 | Portfolio composition subject to change. |
7
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
International Equity Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -4.45 | % | 11.86 | % | 19.42 | % | 4.37 | % | |||||||||||
with sales charge* | �� | -9.96 | % | 9.68 | % | 18.01 | % | 3.75 | % | |||||||||||
C Shares | without CDSC | -5.09 | % | 11.05 | % | 18.62 | % | 3.64 | % | |||||||||||
with CDSC* | -5.90 | % | 11.05 | % | 18.62 | % | 3.64 | % | ||||||||||||
I Shares | -4.16 | % | 12.14 | % | 19.82 | % | 4.73 | % | ||||||||||||
MSCI EAFE Index | -2.70 | % | 13.32 | % | 21.40 | % | 6.18 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.52 | % | ||
C Shares | 2.22 | % | ||
I Shares | 1.22 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
8
• | Chad Deakins, CFA |
• | Matthew Welden |
1 | Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market. The R-squared measures the percentage of a fund’s movement that is explained by movements in the market index, and helps indicated the accuracy of a fund’s alpha and beta. | |
2 | Portfolio composition subject to change. |
9
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
International Equity Index Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -2.29 | % | 13.52 | % | 21.56 | % | 6.21 | % | |||||||||||
with sales charge* | -7.91 | % | 11.32 | % | 20.14 | % | 5.59 | % | ||||||||||||
C Shares | without CDSC | -3.01 | % | 12.67 | % | 20.71 | % | 5.51 | % | |||||||||||
with CDSC* | -3.97 | % | 12.67 | % | 20.71 | % | 5.51 | % | ||||||||||||
I Shares | -2.03 | % | 13.80 | % | 21.99 | % | 6.63 | % | ||||||||||||
MSCI EAFE Index (GDP Weighted) Net Dividend | -1.74 | % | 14.28 | % | 23.07 | % | 7.36 | % | ||||||||||||
MSCI EAFE Index (GDP Weighted) Price Only | -4.08 | % | 11.70 | % | 20.42 | % | 5.48 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.91 | % | ||
C Shares | 1.61 | % | ||
I Shares | 0.61 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
10
• | Jeffrey E. Markunas, CFA |
1 | Portfolio composition subject to change. |
11
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Large Cap Core Equity Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -10.60 | % | 4.13 | % | 11.89 | % | 4.25 | % | |||||||||||
with sales charge* | -15.75 | % | 2.09 | % | 10.58 | % | 3.63 | % | ||||||||||||
C Shares | without CDSC | -11.27 | % | 3.35 | % | 11.06 | % | 3.47 | % | |||||||||||
with CDSC* | -12.07 | % | 3.35 | % | 11.06 | % | 3.47 | % | ||||||||||||
I Shares | -10.32 | % | 4.40 | % | 12.15 | % | 4.44 | % | ||||||||||||
S&P 500 Index | -5.08 | % | 5.84 | % | 11.32 | % | 3.50 | % | ||||||||||||
Russell 1000® Value Index | -9.99 | % | 6.01 | % | 13.68 | % | 5.54 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.10 | % | ||
C Shares | 1.85 | % | ||
I Shares | 0.85 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
12
• | Christoper Guinther |
• | Michael A. Sansoterra |
1 | Portfolio composition subject to change. | |
2 | Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance, given its level of risk as measured by beta. |
13
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Large Cap Growth Stock Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | 0.68 | % | 4.08 | % | 6.57 | % | 1.85 | % | |||||||||||
with sales charge* | -5.08 | % | 2.05 | % | 5.32 | % | 1.26 | % | ||||||||||||
C Shares | without CDSC | -0.08 | % | 3.35 | % | 5.96 | % | 1.32 | % | |||||||||||
with CDSC* | -0.81 | % | 3.35 | % | 5.96 | % | 1.32 | % | ||||||||||||
I Shares | 0.92 | % | 4.41 | % | 7.09 | % | 2.42 | % | ||||||||||||
Russell 1000® Growth Index | -0.75 | % | 6.33 | % | 9.96 | % | 1.28 | % | ||||||||||||
S&P 500 Index | -5.08 | % | 5.84 | % | 11.32 | % | 3.50 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.30 | % | ||
C Shares | 2.00 | % | ||
I Shares | 1.00 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
• | Chad Deakins, CFA |
1 | Portfolio composition subject to change. |
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Since | ||||||||||||||||||||
Large Cap Quantitative Equity Fund | Inception Date | 1 Year | 3 Year | Inception | ||||||||||||||||
A Shares | without sales charge | 10/08/03 | -6.96 | % | 3.14 | % | 7.37 | % | ||||||||||||
with sales charge* | -12.29 | % | 1.13 | % | 5.97 | % | ||||||||||||||
C Shares | without CDSC | 10/13/03 | -7.62 | % | 2.40 | % | 6.01 | % | ||||||||||||
with CDSC* | -8.44 | % | 2.40 | % | 6.01 | % | ||||||||||||||
I Shares | 08/07/03 | -6.68 | % | 3.41 | % | 10.35 | % | |||||||||||||
S&P 500 Index | -5.08 | % | 5.84 | % | — |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.17 | % | ||
C Shares | 1.92 | % | ||
I Shares | 0.92 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
• | Mills Riddick,CFA |
1 | Portfolio composition subject to change. |
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Large Cap Value Equity Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -7.37 | % | 5.88 | % | 12.53 | % | 3.89 | % | |||||||||||
with sales charge* | -12.69 | % | 3.80 | % | 11.19 | % | 3.28 | % | ||||||||||||
C Shares | without CDSC | -7.93 | % | 5.19 | % | 11.74 | % | 3.15 | % | |||||||||||
with CDSC* | -8.75 | % | 5.19 | % | 11.74 | % | 3.15 | % | ||||||||||||
I Shares | -7.07 | % | 6.23 | % | 12.91 | % | 4.27 | % | ||||||||||||
Russell 1000® Value Index | -9.99 | % | 6.01 | % | 13.68 | % | 5.54 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.13 | % | ||
C Shares | 1.83 | % | ||
I Shares | 0.83 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
• | Charles B. Arrington, CFA | |
• | Scott Yuschak, CFA |
1 | Portfolio composition subject to change. |
19
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Mid-Cap Core Equity Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares without sales charge | -10.02 | % | 5.47 | % | 13.03 | % | 3.40 | % | ||||||||||||
with sales charge* | -15.19 | % | 3.40 | % | 11.70 | % | 2.79 | % | ||||||||||||
C Shares without CDSC | -10.62 | % | 4.73 | % | 12.29 | % | 2.74 | % | ||||||||||||
with CDSC* | -11.41 | % | 4.73 | % | 12.29 | % | 2.74 | % | ||||||||||||
I Shares | -9.73 | % | 5.79 | % | 13.44 | % | 3.81 | % | ||||||||||||
Russell Midcap® Index | -8.92 | % | 7.36 | % | 16.31 | % | 7.65 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.37 | % | ||
C Shares | 2.07 | % | ||
I Shares | 1.07 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
20
• | Don Wordell, CFA |
1 | The Lipper Mid Cap Value Funds Index is comprised of mutual funds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) less than 300% of the dollar-weighted median market capitalization of the middle 1,000 securities of the S&P SuperComposite 1500 Index. Mid-cap value funds typically have a below-average price-to-earnings ratio, price-to-book ratio, and three-year sales-per-share growth value, compared to the S&P MidCap 400 Index. | |
2 | Portfolio composition subject to change. |
21
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Since | ||||||||||||||||||||
Mid-Cap Value Equity Fund | Inception Date | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||
A Shares without sales charge | 10/27/03 | -10.03 | % | 7.86 | % | N/A | 11.99 | % | ||||||||||||
with sales charge* | -15.20 | % | 5.74 | % | N/A | 10.51 | % | |||||||||||||
C Shares without CDSC | 11/30/01 | -10.72 | % | 7.14 | % | 15.46 | % | 7.10 | % | |||||||||||
with CDSC* | -11.45 | % | 7.14 | % | 15.46 | % | 7.10 | % | ||||||||||||
I Shares | 11/30/01 | -9.75 | % | 8.20 | % | 16.43 | % | 7.98 | % | |||||||||||
Russell Midcap® Value Index | -14.12 | % | 6.57 | % | 16.77 | % | — |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.36 | % | ||
C Shares | 2.06 | % | ||
I Shares | 1.06 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
22
• | Christoper Guinther | |
• | Joe Ransom, CFA | |
• | Michael A. Sansoterra |
1 | Portfolio composition subject to change. | |
2 | Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance, given its level of risk as measured by beta. |
23
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Select Large Cap Growth Stock Fund† | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares without sales charge | 4.98 | % | 5.43 | % | 8.20 | % | 1.95 | % | ||||||||||||
with sales charge* | -1.06 | % | 3.36 | % | 6.93 | % | 1.34 | % | ||||||||||||
C Shares without CDSC | 4.21 | % | 4.68 | % | 7.41 | % | 1.12 | % | ||||||||||||
with CDSC* | 3.21 | % | 4.68 | % | 7.41 | % | 1.12 | % | ||||||||||||
I Shares | 5.30 | % | 5.74 | % | 8.51 | % | 2.09 | % | ||||||||||||
Russell 1000® Growth Index | -0.75 | % | 6.33 | % | 9.96 | % | 1.28 | % |
Prospectus Expense Ratio1 | Net | Gross | ||||||
A Shares | 1.25 | % | 1.28 | % | ||||
C Shares | 1.95 | % | 1.98 | % | ||||
I Shares | 0.95 | % | 0.98 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. | |
† | The I Shares were offered beginning on December 11, 1998. The performance quoted represents past performance of SunTrust Bank’s internally managed common trust fund, adjusted for fees and expenses prior to that date. The common trust fund was not registered under the 1940 Act and therefore was not subject to certain investment restrictions, which may have adversely affected performance. The A and C Shares were offered beginning on October 14, 2003 and December 15, 1998, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share or C Share expenses. If it had been, performance would have been lower. |
24
• | Christopher Guinther | |
• | Michael A. Sansoterra |
1 | Portfolio composition subject to change. | |
2 | Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance, given its level of risk as measured by beta. |
25
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Since | ||||||||||||||||||||
Small Cap Growth Stock Fund | Inception Date† | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||
A Shares without sales charge | 10/08/98 | -7.33 | % | 2.68 | % | 13.73 | % | 10.87 | % | |||||||||||
with sales charge* | -12.67 | % | 0.68 | % | 12.39 | % | 10.18 | % | ||||||||||||
C Shares without CDSC | 10/08/98 | -7.98 | % | 1.98 | % | 12.98 | % | 10.08 | % | |||||||||||
with CDSC* | -8.60 | % | 1.98 | % | 12.98 | % | 10.08 | % | ||||||||||||
I Shares | 10/08/98 | -7.09 | % | 3.00 | % | 14.11 | % | 11.20 | % | |||||||||||
Russell 2000® Growth Index | -8.94 | % | 5.74 | % | 14.24 | % | — |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.49 | % | ||
C Shares | 2.19 | % | ||
I Shares | 1.19 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | For periods prior to December 10, 1999 (A Shares), the quoted performance reflects the performance of the Class I Shares. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
26
• | Brett Barner, CFA |
1 | Portfolio composition subject to change. |
27
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Small Cap Value Equity Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares† without sales charge | -11.48 | % | 7.36 | % | 17.23 | % | 8.38 | % | ||||||||||||
with sales charge* | -16.57 | % | 5.27 | % | 15.85 | % | 7.74 | % | ||||||||||||
C Shares† without CDSC | -11.41 | % | 7.36 | % | 17.05 | % | 7.73 | % | ||||||||||||
with CDSC* | -12.04 | % | 7.36 | % | 17.05 | % | 7.73 | % | ||||||||||||
I Shares | -11.23 | % | 7.61 | % | 17.57 | % | 8.53 | % | ||||||||||||
Russell 2000 ® Value Index | -16.88 | % | 4.33 | % | 15.45 | % | 7.46 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.44 | % | ||
C Shares | 1.44 | % | ||
I Shares | 1.19 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. | |
† | The A and C Shares were offered beginning October 9, 2003 and June 6, 1997, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share or C Share expenses. If it had been, performance would have been lower. |
28
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29
Life Vision | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||||
Aggressive Growth Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -4.88 | % | 5.68 | % | 11.75 | % | 4.07 | % | |||||||||||
with sales charge* | -10.34 | % | 3.62 | % | 10.44 | % | 3.46 | % | ||||||||||||
B Shares | without CDSC | -5.25 | % | 5.22 | % | 11.24 | % | 3.81 | % | |||||||||||
with CDSC* | -9.22 | % | 4.09 | % | 10.97 | % | 3.81 | % | ||||||||||||
C Shares | without CDSC | -5.56 | % | 4.96 | % | 11.39 | % | 3.90 | % | |||||||||||
with CDSC* | -6.35 | % | 4.96 | % | 11.39 | % | 3.90 | % | ||||||||||||
I Shares | -4.59 | % | 6.00 | % | 12.06 | % | 4.21 | % | ||||||||||||
Russell 3000® Index | -6.06 | % | 6.10 | % | 12.07 | % | 3.88 | % | ||||||||||||
MSCI EAFE Index | -2.70 | % | 13.32 | % | 21.40 | % | 6.18 | % | ||||||||||||
Hybrid Index (85% of the Russell 3000® Index and 15% of the MSCI EAFE Index) | -5.53 | % | 7.19 | % | 13.45 | % | 4.27 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.37 | % | ||
B Shares | 1.82 | % | ||
C Shares | 2.07 | % | ||
I Shares | 1.07 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflect the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The A Shares, B Shares and C Shares were offered beginning on October 16, 2003, March 11, 2003, and April 4, 2005, respectively. The performance shown prior to such dates is based on performance of the I Shares of the Fund, and has not been adjusted to reflect A Share, B Share or C Share expenses. If it had been, performance would have been lower. | |
Class B Shares are closed to new investors. | ||
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
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31
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||||||
Life Vision | Since | |||||||||||||||||||||||
Conservative Fund | Inception Date† | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||||||
A Shares | without sales charge | 03/11/03 | 2.75 | % | 4.66 | % | 5.89 | % | 5.72 | % | ||||||||||||||
with sales charge* | -2.15 | % | 2.99 | % | 4.86 | % | 4.71 | % | ||||||||||||||||
B Shares | without CDSC | 03/11/03 | 2.23 | % | 4.18 | % | 5.47 | % | 5.31 | % | ||||||||||||||
with CDSC* | -2.65 | % | 2.94 | % | 5.15 | % | 5.31 | % | ||||||||||||||||
C Shares | without CDSC | 03/11/03 | 2.03 | % | 4.01 | % | 5.59 | % | 5.42 | % | ||||||||||||||
with CDSC* | 1.06 | % | 4.01 | % | 5.59 | % | 5.42 | % | ||||||||||||||||
I Shares | 03/11/03 | 3.02 | % | 4.95 | % | 6.16 | % | 5.99 | % | |||||||||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | 5.48 | % | 4.58 | % | — | |||||||||||||||||
Russell 3000® Index | -6.06 | % | 6.10 | % | 12.07 | % | — | |||||||||||||||||
MSCI EAFE Index | -2.70 | % | 13.32 | % | 21.40 | % | — | |||||||||||||||||
Hybrid Index (80% of the Lehman Brothers U.S. Aggregate Index, 17% of the Russell 3000® Index and 3% of the MSCI EAFE Index) | 5.03 | % | 5.90 | % | 6.40 | % | — |
Prospectus Expense Ratio1 | Net | Gross | ||||||
A Shares | 0.96 | % | 1.10 | % | ||||
B Shares | 1.41 | % | 1.55 | % | ||||
C Shares | 1.66 | % | 1.80 | % | ||||
I Shares | 0.66 | % | 0.80 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflect the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The A Shares, C Shares and I Shares were offered beginning on November 11, 2003, April 3, 2005, and November 6, 2003, respectively. The performance shown prior to such dates is based on performance of the B Shares of the Fund, and has not been adjusted to reflect A Share, C Share or I Share expenses. If it had been, performance would have been lower. | |
Class B Shares are closed to new investors. | ||
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
32
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33
Life Vision | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||||
Growth and Income Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -2.47 | % | 5.40 | % | 10.43 | % | 4.79 | % | |||||||||||
with sales charge* | -8.11 | % | 3.36 | % | 9.12 | % | 4.17 | % | ||||||||||||
B Shares | without CDSC | -2.89 | % | 4.93 | % | 9.88 | % | 4.54 | % | |||||||||||
with CDSC* | -7.26 | % | 3.72 | % | 9.61 | % | 4.54 | % | ||||||||||||
C Shares | without CDSC | -3.14 | % | 4.50 | % | 9.97 | % | 4.57 | % | |||||||||||
with CDSC* | -4.01 | % | 4.50 | % | 9.97 | % | 4.57 | % | ||||||||||||
I Shares | -2.16 | % | 5.71 | % | 10.74 | % | 4.94 | % | ||||||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | 5.48 | % | 4.58 | % | 6.04 | % | ||||||||||||
Russell 3000® Index | -6.06 | % | 6.10 | % | 12.07 | % | 3.88 | % | ||||||||||||
MSCI EAFE Index | -2.70 | % | 13.32 | % | 21.40 | % | 6.18 | % | ||||||||||||
Hybrid Index (55% of the Russell 3000® Index, 35% of the Lehman Brothers U.S. Aggregate Index and 10% of the MSCI EAFE Index) | -0.90 | % | 6.73 | % | 10.43 | % | 5.19 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.22 | % | ||
B Shares | 1.67 | % | ||
C Shares | 1.92 | % | ||
I Shares | 0.92 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflect the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The A Shares, B Shares and C Shares were offered beginning on November 5, 2003, March 11, 2003, and April 5, 2005, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share, B Share or C Share expenses. If it had been, performance would have been lower. | |
Class B Shares are closed to new investors. | ||
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
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• | Alan Gayle |
35
Life Vision | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||||
Moderate Growth Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | -0.02 | % | 5.23 | % | 9.06 | % | 4.64 | % | |||||||||||
with sales charge* | -5.74 | % | 3.17 | % | 7.78 | % | 4.01 | % | ||||||||||||
B Shares | without CDSC | -0.46 | % | 4.77 | % | 8.55 | % | 4.37 | % | |||||||||||
with CDSC* | -5.22 | % | 3.55 | % | 8.26 | % | 4.37 | % | ||||||||||||
C Shares | without CDSC | -0.66 | % | 4.42 | % | 8.64 | % | 4.43 | % | |||||||||||
with CDSC* | -1.61 | % | 4.42 | % | 8.64 | % | 4.43 | % | ||||||||||||
I Shares | 0.30 | % | 5.53 | % | 9.33 | % | 4.76 | % | ||||||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | 5.48 | % | 4.58 | % | 6.04 | % | ||||||||||||
Russell 3000® Index | -6.06 | % | 6.10 | % | 12.07 | % | 3.88 | % | ||||||||||||
MSCI EAFE Index | -2.70 | % | 13.32 | % | 21.40 | % | 6.18 | % | ||||||||||||
Hybrid Index (50% Lehman Brothers U.S. Aggregate Bond Index, 42% of the Russell 3000® Index and 8% of the MSCI EAFE Index) | 1.09 | % | 6.50 | % | 9.13 | % | 5.49 | % |
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.11 | % | ||
B Shares | 1.56 | % | ||
C Shares | 1.81 | % | ||
I Shares | 0.81 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflect the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The A Shares, B Shares and C Shares were offered beginning on October 10, 2003, March 11, 2003 and April 5, 2005, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share, B Share or C Share expenses. If it had been, performance would have been lower. | |
Class B Shares are closed to new investors. | ||
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
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• | Alan Gayle |
37
The Fund’s performance is compared to the S&P 500 Index, the Lehman Brothers U.S. Aggregate Index, and a Hybrid blend of 60/40 (60% of the S&P 500 Index and 40% of the Lehman Brothers U.S. Aggregate Index). The S&P 500 Index is a market value-weighted index of 500 stocks designed to mimic the overall U.S. equity market’s industry weightings. The Lehman Brothers U.S. Aggregate Index is comprised of securities that are SEC-registered, taxable, and dollar denominated. These indices are unmanaged and do not reflect the deduction of fees or taxes associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index.
Life Vision | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||||
Target Date 2015 Fund | Inception Date† | 1 Year | Since Inception | |||||||||||||||||
A Shares | without sales charge | 10/12/05 | -4.55 | % | 5.65 | % | ||||||||||||||
with sales charge* | -10.07 | % | 3.14 | % | ||||||||||||||||
I Shares | 10/12/05 | -4.19 | % | 5.83 | % | |||||||||||||||
S&P 500 Index | -5.08 | % | — | |||||||||||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | — | |||||||||||||||||
Hybrid Index (60% of the S&P500 Index and 40% of the Lehman Brothers U.S. Aggregate Index) | 0.03 | % | — |
Prospectus Expense Ratio1 | Net | Gross | ||||||
A Shares | 1.27 | % | 3.27 | % | ||||
I Shares | 0.97 | % | 2.97 | % |
* | Class A Share performance reflects the maximum front-end sales charge of 5.75%. | |
† | The A Shares were offered beginning 01/04/07. The performance shown prior to such date is that of the I Shares and has not been adjusted to reflect expenses. If it had been, performance would have been lower. The inception date for the I Shares was August 1, 2005, however, no activity occurred in the I Shares until 10/12/05. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
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• | Alan Gayle |
39
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Life Vision | ||||||||||||||||||||
Target Date 2025 Fund | Inception Date† | 1 Year | Since Inception | |||||||||||||||||
A Shares without sales charge | 10/21/05 | -5.11 | % | 6.47 | % | |||||||||||||||
with sales charge* | -10.58 | % | 3.91 | % | ||||||||||||||||
I Shares | 10/21/05 | -4.81 | % | 6.73 | % | |||||||||||||||
S&P500 Index | -5.08 | % | — | |||||||||||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | — | |||||||||||||||||
Hybrid Index (60% of the S&P500 Index and 40% of the Lehman Brothers U.S. Aggregate Index) | 0.03 | % | — |
Prospectus Expense Ratio1 | Net | Gross | ||||||
A Shares | 1.35 | % | 2.43 | % | ||||
I Shares | 1.05 | % | 2.13 | % |
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41
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Life Vision | ||||||||||||||||||||
Target Date 2035 Fund | Inception Date† | 1 Year | Since Inception | |||||||||||||||||
A Shares without sales charge | 11/02/05 | -5.00 | % | 5.68 | % | |||||||||||||||
with sales charge* | -10.46 | % | 3.11 | % | ||||||||||||||||
I Shares | 11/02/05 | -4.70 | % | 5.91 | % | |||||||||||||||
S&P500 Index | -5.08 | % | — | |||||||||||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | — | |||||||||||||||||
Hybrid Index (60% of the S&P500 Index and 40% of the Lehman Brothers U.S. Aggregate Index) | 0.03 | % | — |
Prospectus Expense Ratio1 | Net | Gross | ||||||
A Shares | 1.37 | % | 3.62 | % | ||||
I Shares | 1.07 | % | 3.32 | % |
42
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (99.7%) | ||||||||
Consumer Discretionary (16.2%) | ||||||||
Best Buy Co., Inc.(a) | 75,900 | 3,147 | ||||||
Blue Nile, Inc.* | 142,400 | 7,711 | ||||||
Coach, Inc.* | 166,300 | 5,014 | ||||||
eBay, Inc.* | 231,300 | 6,902 | ||||||
Focus Media Holding Ltd., ADR*(a) | 85,000 | 2,988 | ||||||
Life Time Fitness, Inc.* | 126,000 | 3,932 | ||||||
Monster Worldwide, Inc.*(a) | 165,200 | 3,999 | ||||||
Nordstrom, Inc.(a) | 136,500 | 4,450 | ||||||
Starbucks Corp.*(a) | 208,800 | 3,654 | ||||||
Urban Outfitters, Inc.*(a) | 107,300 | 3,364 | ||||||
VistaPrint Ltd.* | 144,800 | 5,061 | ||||||
50,222 | ||||||||
Energy (1.2%) | ||||||||
Trina Solar Ltd., ADR*(a) | 120,000 | 3,689 | ||||||
Financials (10.5%) | ||||||||
Alliance Data Systems Corp.*(a) | 56,200 | 2,670 | ||||||
BlackRock, Inc., Cl A(a) | 63,100 | 12,884 | ||||||
CB Richard Ellis Group, Inc., Cl A*(a) | 69,500 | 1,504 | ||||||
Euronet Worldwide, Inc.* | 225,700 | 4,347 | ||||||
Huron Consulting Group, Inc.* | 126,500 | 5,256 | ||||||
Portfolio Recovery Associates, Inc. | 137,300 | 5,889 | ||||||
32,550 | ||||||||
Health Care (24.6%) | ||||||||
Alcon, Inc.(a) | 24,200 | 3,442 | ||||||
Allscripts Healthcare Solutions, Inc.*(a) | 161,300 | 1,665 | ||||||
ArthroCare Corp.* | 117,000 | 3,902 | ||||||
Celgene Corp.* | 103,700 | 6,356 | ||||||
Covance, Inc.* | 50,600 | 4,198 | ||||||
Genentech, Inc.* | 97,700 | 7,931 | ||||||
Gilead Sciences, Inc.* | 303,900 | 15,660 | ||||||
Hologic, Inc.* | 107,500 | 5,977 | ||||||
IDEXX Laboratories, Inc.*(a) | 76,200 | 3,754 | ||||||
Intuitive Surgical, Inc.*(a) | 21,700 | 7,038 | ||||||
LifeCell Corp.*(a) | 58,800 | 2,471 | ||||||
Psychiatric Solutions, Inc.* | 290,500 | 9,854 | ||||||
United Therapeutics Corp.*(a) | 23,100 | 2,003 | ||||||
VCA Antech, Inc.* | 81,400 | 2,226 | ||||||
76,477 | ||||||||
Industrials (7.8%) | ||||||||
First Solar, Inc.* | 104,800 | 24,223 | ||||||
Information Technology (33.0%) | ||||||||
Apple, Inc.*(a) | 127,900 | 18,354 | ||||||
Baidu.com, Inc. ADR*(a) | 11,900 | 2,852 | ||||||
Cisco Systems, Inc.* | 350,900 | 8,453 | ||||||
Cognizant Technology Solutions Corp., Cl A* | 511,000 | 14,732 | ||||||
F5 Networks, Inc.* | 196,400 | 3,569 | ||||||
Google, Inc., Cl A* | 31,500 | 13,875 | ||||||
MEMC Electronic Materials, Inc.* | 40,400 | 2,864 | ||||||
Paychex, Inc.(a) | 169,000 | 5,790 | ||||||
QUALCOMM, Inc. | 264,800 | 10,857 | ||||||
Riverbed Technology, Inc.*(a) | 175,900 | 2,614 | ||||||
Starent Networks Corp.*(a) | 150,600 | 2,033 | ||||||
SunPower Corp., Cl A* | 159,700 | 11,899 | ||||||
VMware, Inc., Cl A*(a) | 104,000 | 4,453 | ||||||
102,345 | ||||||||
Telecommunication Services (6.4%) | ||||||||
American Tower Corp., Cl A*(a) | 166,000 | 6,509 | ||||||
NII Holdings, Inc.* | 250,600 | 7,964 | ||||||
Time Warner Telecom, Inc., Cl A* | 350,300 | 5,426 | ||||||
19,899 | ||||||||
Total Common Stocks | 309,405 | |||||||
Short-Term Investment (24.3%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 75,244,870 | 75,245 | ||||||
Total Short-Term Investment | 75,245 | |||||||
Total Investments (Cost $360,462)(c) — 124.0% | 384,650 | |||||||
Liabilities in excess of other assets — (24.0)% | (74,555 | ) | ||||||
Net Assets — 100.0% | $ | 310,095 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $73,349. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Represents cost for financial reporting purposes. |
43
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (97.8%) | ||||||||
Consumer Discretionary (12.2%) | ||||||||
Blue Nile, Inc.* | 82,200 | 4,451 | ||||||
Focus Media Holding Ltd., ADR*(a) | 67,700 | 2,380 | ||||||
Life Time Fitness, Inc.* | 53,500 | 1,670 | ||||||
Lululemon Athletica, Inc.*(a) | 25,700 | 730 | ||||||
Nordstrom, Inc.(a) | 36,900 | 1,203 | ||||||
VistaPrint Ltd.* | 113,300 | 3,960 | ||||||
14,394 | ||||||||
Energy (2.3%) | ||||||||
Trina Solar Ltd., ADR*(a) | 86,400 | 2,656 | ||||||
Financials (16.6%) | ||||||||
Alliance Data Systems Corp.*(a) | 36,500 | 1,734 | ||||||
BlackRock, Inc.(a) | 23,800 | 4,860 | ||||||
CB Richard Ellis Group, Inc., Cl A* | 28,300 | 612 | ||||||
eHealth, Inc.*(a) | 52,800 | 1,165 | ||||||
Euronet Worldwide, Inc.* | 142,200 | 2,739 | ||||||
Greenhill & Co., Inc. | 15,900 | 1,106 | ||||||
Huron Consulting Group, Inc.* | 87,600 | 3,640 | ||||||
Portfolio Recovery Associates, Inc. | 86,300 | 3,701 | ||||||
19,557 | ||||||||
Health Care (24.8%) | ||||||||
Allscripts Healthcare Solutions, Inc.*(a) | 72,700 | 750 | ||||||
Amylin Pharmaceuticals, Inc.*(a) | 28,600 | 835 | ||||||
ArthroCare Corp.* | 73,500 | 2,451 | ||||||
AspenBio Pharma, Inc.*(a) | 159,800 | 924 | ||||||
Hansen Medical, Inc.*(a) | 26,700 | 375 | ||||||
HMS Holdings Corp.*(a) | 131,300 | 3,749 | ||||||
Hologic, Inc.* | 78,400 | 4,359 | ||||||
IDEXX Laboratories, Inc.*(a) | 30,600 | 1,507 | ||||||
Insulet Corp.*(a) | 49,500 | 713 | ||||||
Intuitive Surgical, Inc.*(a) | 12,000 | 3,892 | ||||||
LifeCell Corp.*(a) | 53,800 | 2,261 | ||||||
Myriad Genetics, Inc.*(a) | 29,600 | 1,193 | ||||||
Psychiatric Solutions, Inc.* | 134,800 | 4,573 | ||||||
United Therapeutics Corp.*(a) | 18,000 | 1,561 | ||||||
29,143 | ||||||||
Industrials (12.8%) | ||||||||
Dynamic Materials Corp.(a) | 20,700 | 894 | ||||||
First Solar, Inc.* | 36,600 | 8,460 | ||||||
Fuel Tech, Inc.* | 161,000 | 3,301 | ||||||
Itron, Inc.* | 14,000 | 1,263 | ||||||
Zoltek Cos., Inc.*(a) | 41,600 | 1,103 | ||||||
15,021 | ||||||||
Information Technology (22.3%) | ||||||||
Baidu.com, Inc. ADR*(a) | 9,900 | 2,372 | ||||||
Cognizant Technology Solutions Corp., Cl A* | 185,900 | 5,360 | ||||||
comScore, Inc.* | 23,800 | 477 | ||||||
Data Domain, Inc.* | 59,600 | 1,418 | ||||||
Energy Conversion Devices, Inc.*(a) | 11,700 | 350 | ||||||
F5 Networks, Inc.* | 128,300 | 2,331 | ||||||
IHS, Inc., Cl A* | 50,500 | 3,248 | ||||||
Omniture, Inc.*(a) | 71,700 | 1,664 | ||||||
Riverbed Technology, Inc.*(a) | 106,300 | 1,580 | ||||||
Shutterfly, Inc.*(a) | 82,300 | 1,224 | ||||||
Starent Networks Corp.*(a) | 103,200 | 1,393 | ||||||
SunPower Corp., Cl A* | 63,700 | 4,746 | ||||||
26,163 | ||||||||
Telecommunication Services (6.8%) | ||||||||
Cbeyond, Inc.* | 112,400 | 2,112 | ||||||
NII Holdings, Inc.* | 108,400 | 3,445 | ||||||
Time Warner Telecom, Inc., Cl A* | 154,900 | 2,399 | ||||||
7,956 | ||||||||
Total Common Stocks | 114,890 | |||||||
Short-Term Investment (33.8%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 39,683,688 | 39,684 | ||||||
Total Short-Term Investment | 39,684 | |||||||
44
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (3.2%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 3,768,811 | 3,769 | ||||||
Total Money Market Fund | 3,769 | |||||||
Total Investments (Cost $161,048)(d) — 134.8% | 158,343 | |||||||
Liabilities in excess of other assets — (34.8)% | (40,915 | ) | ||||||
Net Assets — 100.0% | $ | 117,428 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $38,081. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
45
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Long Positions (129.6%) | ||||||||
Foreign Common Stocks (129.6%) | ||||||||
Australia (7.1%) | ||||||||
Centennial Coal Co., Ltd. | 7,100 | 26 | ||||||
Consolidated Media Holdings, Ltd. | 6,053 | 21 | ||||||
David Jones, Ltd. | 3,600 | 12 | ||||||
Flight Centre, Ltd. | 500 | 10 | ||||||
Fortescue Metals Group, Ltd.* | 3,900 | 23 | ||||||
JB Hi-Fi, Ltd. | 2,700 | 22 | ||||||
Leighton Holdings, Ltd. | 566 | 22 | ||||||
Macarthur Coal, Ltd. | 1,200 | 14 | ||||||
Mount Gibson Iron, Ltd.* | 6,000 | 16 | ||||||
Newcrest Mining, Ltd. | 453 | 14 | ||||||
Nufarm, Ltd. | 1,900 | 30 | ||||||
Seven Network, Ltd. | 4,800 | 42 | ||||||
Straits Resources, Ltd. | 2,300 | 13 | ||||||
Westpac Banking Corp. | 2,050 | 44 | ||||||
309 | ||||||||
Austria (1.6%) | ||||||||
BETandWIN.com Interactive Entertainment AG* | 116 | 4 | ||||||
OMV AG | 300 | 20 | ||||||
Vienna Insurance Group | 600 | 46 | ||||||
70 | ||||||||
Belgium (1.1%) | ||||||||
Colruyt SA | 160 | 41 | ||||||
Umicore | 105 | 6 | ||||||
47 | ||||||||
Bermuda (5.5%) | ||||||||
Aircastle, Ltd. | 800 | 9 | ||||||
Allied World Assurance Co. Holdings, Ltd. | 500 | 20 | ||||||
Aquarius Platinum, Ltd. | 900 | 13 | ||||||
Arch Capital Group Ltd.* | 300 | 21 | ||||||
Aspen Insurance Holdings, Ltd. | 1,000 | 26 | ||||||
Axis Capital Holdings, Ltd. | 700 | 24 | ||||||
Endurance Specialty Holdings, Ltd. | 700 | 26 | ||||||
Max Capital Group, Ltd. | 500 | 13 | ||||||
Montpelier Re Holdings, Ltd. | 1,400 | 22 | ||||||
Orient-Express Hotels, Ltd., Cl A | 300 | 13 | ||||||
PartnerRe, Ltd. | 400 | 31 | ||||||
Platinum Underwriters Holdings, Ltd. | 600 | 19 | ||||||
237 | ||||||||
Brazil (4.4%) | ||||||||
Banco Itau Holding Financeira SA ADR | 900 | 21 | ||||||
Companhia Brasileira de Distribuicao Grupo Pao de Acucar SP ADR | 300 | 12 | ||||||
Companhia de Bebidas das Americas ADR | 200 | 15 | ||||||
Companhia Siderurgica Nacional SA SP ADR | 1,200 | 43 | ||||||
Gerdau SA SP ADR | 400 | 12 | ||||||
Petroleo Brasileiro SA ADR | 200 | 20 | ||||||
Unibanco- Uniao de Bancos Brasileiros SA GDR | 400 | 47 | ||||||
Votorantim Celulose e Papel SA SP ADR | 700 | 20 | ||||||
190 | ||||||||
Canada (3.3%) | ||||||||
Agnico-Eagle Mines, Ltd. | 200 | 14 | ||||||
Barrick Gold Corp. | 400 | 17 | ||||||
Kinross Gold Corp. | 600 | 13 | ||||||
Manulife Financial Corp. | 600 | 23 | ||||||
Open Text Corp.* | 500 | 16 | ||||||
Potash Corp. of Saskatchewan, Inc. | 400 | 62 | ||||||
145 | ||||||||
Cayman Islands (1.1%) | ||||||||
ACE, Ltd. | 400 | 22 | ||||||
Seagate Technology | 1,300 | 27 | ||||||
49 | ||||||||
China (2.2%) | ||||||||
China Coal Energy Co., Ser H | 11,000 | 19 | ||||||
China Communications Construction Co., Ltd., Ser H | 5,000 | 11 | ||||||
China Merchants Bank Co., Ltd., Ser H | 14,000 | 49 | ||||||
China Shenhua Energy Co., Ltd., Ser H | 4,500 | 18 | ||||||
97 | ||||||||
Denmark (2.4%) | ||||||||
Novo Nordisk A/S, Cl B | 900 | 61 | ||||||
Vestas Wind Systems A/S* | 400 | 44 | ||||||
105 | ||||||||
Finland (1.5%) | ||||||||
Nokia Corp. ADR | 2,100 | 67 | ||||||
46
International Equity 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
France (11.4%) | ||||||||
Bouygues SA | 800 | 51 | ||||||
Dassault Systemes SA | 424 | 25 | ||||||
Electricite de France | 500 | 43 | ||||||
Eramet* | 11 | 9 | ||||||
Eurofins Scientific | 400 | 40 | ||||||
France Telecom SA | 1,300 | 44 | ||||||
Orpea* | 200 | 12 | ||||||
Sanofi-Aventis ADR | 1,200 | 45 | ||||||
Total SA | 700 | 52 | ||||||
UbiSoft Entertainment SA* | 300 | 26 | ||||||
Valeo SA | 1,200 | 47 | ||||||
Veolia Environnement | 500 | 35 | ||||||
Vivendi | 1,700 | 66 | ||||||
495 | ||||||||
Germany (14.4%) | ||||||||
Aixtron AG* | 900 | 12 | ||||||
BASF SE SP ADR | 300 | 41 | ||||||
Bayer AG SP ADR | 500 | 40 | ||||||
Bayerische Motoren Werke AG | 400 | 22 | ||||||
Bechtle AG | 625 | 20 | ||||||
comdirect bank AG | 1,200 | 15 | ||||||
Conergy AG | 607 | 13 | ||||||
Deutsche Beteiligungs AG | 500 | 13 | ||||||
Deutsche Boerse AG | 300 | 49 | ||||||
Deutsche Postbank AG | 500 | 48 | ||||||
E.ON AG | 300 | 56 | ||||||
Freenet AG | 393 | 6 | ||||||
Hannover Rueckversicherung AG | 1,100 | 57 | ||||||
K+S AG | 90 | 30 | ||||||
Linde AG | 200 | 28 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 300 | 59 | ||||||
Siemens AG | 500 | 55 | ||||||
Stada Arzneimittel AG | 236 | 17 | ||||||
Volkswagen AG | 150 | 43 | ||||||
624 | ||||||||
Greece (3.7%) | ||||||||
Alpha Bank A.E. | 400 | 13 | ||||||
Coca-Cola Hellenic Bottling Co. SA | 1,100 | 51 | ||||||
National Bank of Greece SA | 1,100 | 58 | ||||||
OPAP SA | 600 | 22 | ||||||
Public Power Corp. SA | 300 | 13 | ||||||
Top Ships, Inc.* | 233 | 2 | ||||||
159 | ||||||||
Hong Kong (5.2%) | ||||||||
Cheung Kong (Holdings), Ltd. | 2,000 | 28 | ||||||
China Resources Enterprise, Ltd. | 4,000 | 13 | ||||||
Hang Seng Bank, Ltd. | 700 | 13 | ||||||
Henderson Land Development Co., Ltd. | 3,000 | 21 | ||||||
Hengan International Group Co., Ltd. | 6,000 | 21 | ||||||
Hong Kong Exchanges & Clearing, Ltd. | 500 | 9 | ||||||
Kerry Properties, Ltd. | 1,825 | 11 | ||||||
Link REIT (The) | 6,000 | 13 | ||||||
New World Development Co., Ltd. | 15,000 | 36 | ||||||
Ping An Insurance (Group) Co. of China, Ltd. | 200 | 2 | ||||||
Shanghai Industrial Holdings, Ltd. | 3,000 | 11 | ||||||
Sun Hung Kai Properties, Ltd. | 3,000 | 47 | ||||||
225 | ||||||||
India (0.2%) | ||||||||
HDFC Bank, Ltd. ADR | 100 | 10 | ||||||
Ireland (0.5%) | ||||||||
ICON PLC SP ADR* | 300 | 19 | ||||||
Italy (5.1%) | ||||||||
A2A SpA | 8,236 | 30 | ||||||
Assicurazioni Generali SpA | 1,100 | 50 | ||||||
Enel SpA | 5,300 | 56 | ||||||
IFI-Istituto Finanziario Industriale SpA* | 1,700 | 47 | ||||||
Recordati SpA | 5,400 | 40 | ||||||
223 | ||||||||
Japan (18.9%) | ||||||||
AEON Credit Service Co., Ltd. | 1,000 | 13 | ||||||
Aisin Seiki Co., Ltd. | 600 | 22 | ||||||
Alpine Electronics, Inc. | 900 | 10 | ||||||
Asatsu-DK, Inc. | 400 | 14 | ||||||
Bank of Kyoto, Ltd. (The) | 2,000 | 24 | ||||||
Capcom Co., Ltd. | 500 | 17 | ||||||
Daihatsu Motor Co., Ltd. | 3,000 | 36 | ||||||
Futaba Industrial Co., Ltd. | 500 | 11 | ||||||
GEO Corp. | 17 | 14 | ||||||
Hitachi Software Engineering Co., Ltd. | 1,300 | 30 | ||||||
Hitachi, Ltd. SP ADR | 500 | 30 | ||||||
Ines Corp.* | 3,500 | 17 |
47
International Equity 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Japan—continued | ||||||||
Japan Petroleum Exploration Co., Ltd. | 200 | 13 | ||||||
Marubeni Corp. | 6,000 | 44 | ||||||
Matsushita Electric Industrial Co., Ltd. | 1,000 | 22 | ||||||
Mitsubishi Corp. | 800 | 24 | ||||||
Mitsui & Co. Ltd. | 2,000 | 41 | ||||||
Mitsui O.S.K. Lines, Ltd. | 3,000 | 36 | ||||||
Namco Bandai Holdings, Inc. | 1,000 | 14 | ||||||
NEC Corp. | 12,000 | 46 | ||||||
Nippon Meat Packers, Inc. | 2,000 | 30 | ||||||
Nippon Oil Corp. | 4,000 | 25 | ||||||
Nomura Research Institute, Ltd. | 800 | 21 | ||||||
Noritsu Koki Co., Ltd. | 600 | 9 | ||||||
Promise Co., Ltd. | 1,400 | 40 | ||||||
Seiko Epson Corp. | 1,500 | 40 | ||||||
Shima Seiki Mfg., Ltd. | 600 | 28 | ||||||
Takefuji Corp. | 570 | 12 | ||||||
Terumo Corp. | 700 | 37 | ||||||
Tokai Rika Co., Ltd. | 400 | 10 | ||||||
Toyoda Gosei Co., Ltd. | 400 | 15 | ||||||
Toyota Boshoku Corp. | 700 | 21 | ||||||
Toyota Tsusho Corp. | 600 | 13 | ||||||
Uniden Corp. | 7,000 | 43 | ||||||
822 | ||||||||
Netherlands (2.2%) | ||||||||
Core Laboratories NV* | 100 | 12 | ||||||
Oce NV | 1,600 | 27 | ||||||
Royal Philips Electronics NV | 1,100 | 42 | ||||||
TomTom NV* | 300 | 13 | ||||||
94 | ||||||||
Norway (1.4%) | ||||||||
Ementor ASA* | 2,000 | 13 | ||||||
Orkla ASA | 1,100 | 14 | ||||||
Yara International ASA | 600 | 35 | ||||||
62 | ||||||||
Panama (0.5%) | ||||||||
Willbros Group, Inc.* | 700 | 21 | ||||||
Portugal (0.6%) | ||||||||
Banco Espirito Santo SA | 900 | 16 | ||||||
Galp Energia SGPS SA* | 500 | 12 | ||||||
28 | ||||||||
Russian Federation (0.5%) | ||||||||
Mechel ADR | 100 | 11 | ||||||
Vimpel-Communications SP ADR | 400 | 12 | ||||||
23 | ||||||||
Singapore (2.0%) | ||||||||
Fraser & Neave, Ltd. | 6,000 | 21 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 4,000 | 24 | ||||||
Singapore Land, Ltd. | 3,000 | 15 | ||||||
Wilmar International, Ltd.* | 8,600 | 26 | ||||||
86 | ||||||||
South Korea (0.3%) | ||||||||
LG. Philips LCD Co., Ltd. ADR | 600 | 13 | ||||||
Spain (1.7%) | ||||||||
Banco Santander SA SP ADR | 3,700 | 74 | ||||||
Sweden (2.8%) | ||||||||
Getinge AB, Cl B | 600 | 16 | ||||||
Scania AB | 600 | 13 | ||||||
Swedish Match AB | 2,500 | 54 | ||||||
Telelogic AB* | 11,000 | 39 | ||||||
122 | ||||||||
Switzerland (5.9%) | ||||||||
Alcon, Inc. | 100 | 14 | ||||||
BKW FMB Energie AG | 100 | 13 | ||||||
Hiestand Holding AG | 6 | 11 | ||||||
Huber & Suhner AG | 380 | 19 | ||||||
Lonza Group AG | 200 | 27 | ||||||
Nestle SA | 157 | 78 | ||||||
Syngenta AG ADR | 1,000 | 58 | ||||||
Xstrata PLC | 500 | 35 | ||||||
255 | ||||||||
Taiwan (0.6%) | ||||||||
AU Optronics Corp. SP ADR | 1,400 | 24 | ||||||
Turkey (0.3%) | ||||||||
Turkcell Iletisim Hizmetleri AS ADR | 600 | 12 | ||||||
United Kingdom (21.2%) | ||||||||
3i Group PLC | 1,400 | 23 | ||||||
Beazley Group PLC | 4,300 | 14 | ||||||
BG Group PLC | 1,900 | 44 | ||||||
BHP Billiton PLC ADR | 700 | 41 | ||||||
BP PLC SP ADR | 700 | 42 | ||||||
British American Tobacco PLC | 1,600 | 60 | ||||||
Britvic PLC | 3,400 | 21 | ||||||
Dexion Absolute, Ltd.* | 3,900 | 12 |
48
International Equity 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
United Kingdom—continued | ||||||||
Diageo PLC ADR | 700 | 57 | ||||||
GAME Group PLC | 3,700 | 15 | ||||||
HMV Group PLC | 10,200 | 26 | ||||||
ICAP PLC | 3,700 | 42 | ||||||
Imperial Tobacco Group PLC | 1,220 | 56 | ||||||
Johnson Matthey PLC | 300 | 12 | ||||||
Man Group PLC | 2,800 | 31 | ||||||
Old Mutual PLC | 15,100 | 33 | ||||||
Reckitt Benckiser Group PLC | 600 | 33 | ||||||
Resolution PLC | 1,900 | 26 | ||||||
Royal Dutch Shell PLC ADR | 1,200 | 83 | ||||||
Scottish & Newcastle PLC | 1,900 | 30 | ||||||
SSL International PLC | 2,500 | 22 | ||||||
Stagecoach Group PLC | 2,700 | 13 | ||||||
Standard Chartered PLC | 400 | 14 | ||||||
Unilever PLC SP ADR | 1,300 | 44 | ||||||
Vodafone Group PLC SP ADR | 2,000 | 59 | ||||||
William Morrison Supermarkets PLC | 6,100 | 33 | ||||||
Yell Group PLC | 11,000 | 34 | ||||||
920 | ||||||||
Total Foreign Common Stocks | 5,627 | |||||||
Total Investments — 129.6% | ||||||||
(Total Long Positions) (Cost $5,832)(a) | 5,627 | |||||||
Liabilities in excess of other assets — (0.3%) | (12 | ) | ||||||
Short Positions (see summary below) (29.3%) | (1,272 | ) | ||||||
Net Assets — 100.0% | $ | 4,343 | ||||||
Short Positions ((29.3)%) | ||||||||
Foreign Common Stocks Sold Short ((29.3)%) | ||||||||
Australia ((1.0)%) | ||||||||
Billabong International, Ltd. | (774 | ) | (9 | ) | ||||
James Hardie Industries NV | (4,258 | ) | (25 | ) | ||||
Macquarie Communications Infrastructure Group | (2,936 | ) | (11 | ) | ||||
(45 | ) | |||||||
Austria ((0.3)%) | ||||||||
Immofinanz Immobilien Anlagen AG | (1,400 | ) | (15 | ) | ||||
Belgium ((1.0)%) | ||||||||
Mobistar SA | (200 | ) | (18 | ) | ||||
Solvay SA | (200 | ) | (26 | ) | ||||
(44 | ) | |||||||
Bermuda ((0.4)%) | ||||||||
Benfield Group PLC | (3,469 | ) | (17 | ) | ||||
Canada ((0.2)%) | ||||||||
Telus Corp. | (200 | ) | (8 | ) | ||||
Finland ((0.3)%) | ||||||||
Stora Enso OYJ | (1,000 | ) | (11 | ) | ||||
France ((3.2)%) | ||||||||
Air France — KLM | (900 | ) | (25 | ) | ||||
Neopost SA | (100 | ) | (11 | ) | ||||
Neuf Cegetel | (300 | ) | (17 | ) | ||||
Nexity | (300 | ) | (13 | ) | ||||
Rhodia SA* | (1,100 | ) | (26 | ) | ||||
SCOR SE | (600 | ) | (14 | ) | ||||
Sechilienne SA | (200 | ) | (16 | ) | ||||
Societe Immobiliere de Location pour l’Industrie et le Commerce | (100 | ) | (15 | ) | ||||
(137 | ) | |||||||
Germany ((2.5)%) | ||||||||
Adidas AG | (400 | ) | (27 | ) | ||||
Continental AG | (100 | ) | (10 | ) | ||||
Hypo Real Estate Holdings AG | (500 | ) | (13 | ) | ||||
Kloeckner & Co. AG | (400 | ) | (21 | ) | ||||
Lanxess | (600 | ) | (24 | ) | ||||
Pfleiderer AG | (500 | ) | (13 | ) | ||||
(108 | ) | |||||||
Greece ((0.3)%) | ||||||||
Aegean Marine Petroleum Network, Inc. | (400 | ) | (14 | ) | ||||
Italy ((1.2)%) | ||||||||
Banco Popolare Scarl* | (700 | ) | (12 | ) | ||||
Davide Campari — Milano SpA | (1,500 | ) | (14 | ) | ||||
Luxottica Group SpA | (1,100 | ) | (28 | ) | ||||
(54 | ) | |||||||
Japan ((8.6)%) | ||||||||
Advantest Corp. | (600 | ) | (16 | ) | ||||
AEON Co., Ltd. | (1,100 | ) | (13 | ) | ||||
Aioi Insurance Co., Ltd. | (3,000 | ) | (17 | ) | ||||
Bridgestone Corp. | (800 | ) | (14 | ) | ||||
Casio Computer Co., Ltd. | (1,800 | ) | (26 | ) | ||||
Fuji Television Network, Inc. | (9 | ) | (13 | ) | ||||
Itochu Techno-Solutions Corp. | (800 | ) | (24 | ) | ||||
Marui Group Co. Ltd. | (2,000 | ) | (21 | ) | ||||
Meiji Dairies Corp. | (2,000 | ) | (12 | ) | ||||
Mitsui Fudosan Co., Ltd. | (1,000 | ) | (20 | ) | ||||
Nippon Electric Glass Co., Ltd. | (1,000 | ) | (15 | ) | ||||
Omron Corp. | (400 | ) | (8 | ) |
49
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
International Equity 130/30 Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Japan—continued | ||||||||
ORIX Corp. | (90 | ) | (12 | ) | ||||
Sekisui House, Ltd. | (1,000 | ) | (9 | ) | ||||
Shimanura Co., Ltd. | (300 | ) | (27 | ) | ||||
Sumco Corp. | (800 | ) | (17 | ) | ||||
Sumitomo Realty & Development Co., Ltd. | (1,000 | ) | (18 | ) | ||||
Teijin, Ltd. | (3,000 | ) | (13 | ) | ||||
Tokuyama Corp. | (2,000 | ) | (15 | ) | ||||
Tokyo Electric Power Co., Inc. (The) | (100 | ) | (3 | ) | ||||
Tokyo Steel Manufacturing Co., Ltd. | (1,300 | ) | (18 | ) | ||||
Toray Industries, Inc. | (2,000 | ) | (13 | ) | ||||
Yamaha Motor Co., Ltd. | (1,000 | ) | (18 | ) | ||||
Yokogawa Electric Corp. | (1,400 | ) | (14 | ) | ||||
(376 | ) | |||||||
Luxembourg ((0.3)%) | ||||||||
COLT Telecom Group SA* | (3,800 | ) | (12 | ) | ||||
Netherlands ((0.3)%) | ||||||||
Ordina NV | (900 | ) | (15 | ) | ||||
Norway ((1.0)%) | ||||||||
Renewable Energy Corp. AS* | (500 | ) | (14 | ) | ||||
Storebrand ASA | (3,600 | ) | (28 | ) | ||||
(42 | ) | |||||||
Sweden ((2.6)%) | ||||||||
BE Group AB | (1,300 | ) | (14 | ) | ||||
Boliden AB | (1,300 | ) | (14 | ) | ||||
Electrolux AB, Ser B | (1,300 | ) | (21 | ) | ||||
Holmen AB* | (800 | ) | (27 | ) | ||||
Meda AB | (2,300 | ) | (24 | ) | ||||
Tele2 AB | (700 | ) | (13 | ) | ||||
(113 | ) | |||||||
Switzerland ((2.3)%) | ||||||||
Ciba Holding AG | (400 | ) | (15 | ) | ||||
Clariant AG | (3,200 | ) | (27 | ) | ||||
SGS SA | (10 | ) | (14 | ) | ||||
Straumann Holdings AG | (50 | ) | (14 | ) | ||||
Synthes, Inc. | (200 | ) | (28 | ) | ||||
(98 | ) | |||||||
Taiwan ((0.3)%) | ||||||||
Chunghwa Telecom Co., Ltd. ADR | (500 | ) | (13 | ) | ||||
United Kingdom ((3.5)%) | ||||||||
Barratt Developments PLC | (1,700 | ) | (14 | ) | ||||
Big Yellow Group PLC | (3,200 | ) | (28 | ) | ||||
Bovis Homes Group PLC | (1,200 | ) | (14 | ) | ||||
Daily Mail & General Trust PLC, Cl A | (1,400 | ) | (12 | ) | ||||
Enterprise Inns PLC | (1,500 | ) | (12 | ) | ||||
Investec PLC | (1,900 | ) | (13 | ) | ||||
Redrow PLC | (3,900 | ) | (25 | ) | ||||
Sthree PLC | (1,700 | ) | (6 | ) | ||||
Travis Perkins PLC | (600 | ) | (13 | ) | ||||
Wolseley PLC | (1,200 | ) | (13 | ) | ||||
(150 | ) | |||||||
Total Foreign Common Stocks Sold Short | (1,272 | ) | ||||||
Total Investment Securities Sold Short (Proceeds $1,256) | (1,272 | ) | ||||||
* | Non-income producing security. | |
(a) | Represents cost for financial reporting purposes. |
ADR | — American Depositary Receipt | |
GDR | — Global Depositary Receipt | |
REIT | — Real Estate Investment Trust |
Consumer Discretionary | 8.9 | % | ||
Consumer Staples | 13.7 | |||
Energy | 8.3 | |||
Financials | 27.1 | |||
Health Care | 6.1 | |||
Industrials | 7.0 | |||
Information Technology | 11.0 | |||
Materials | 10.4 | |||
Telecommunication Services | 2.5 | |||
Utilities | 5.3 |
50
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Foreign Common Stocks (97.3%) | ||||||||
Australia (3.1%) | ||||||||
BHP Billiton Ltd.(a) | 139,831 | 4,575 | ||||||
David Jones, Ltd. | 511,159 | 1,700 | ||||||
ING Industrial Fund | 2,878,431 | 5,602 | ||||||
Origin Energy Ltd. | 720,803 | 6,033 | ||||||
Rio Tinto Group Ltd. | 15,194 | 1,701 | ||||||
Westpac Banking Corp.(a) | 247,619 | 5,373 | ||||||
Woolworths Ltd. | 367,025 | 9,725 | ||||||
34,709 | ||||||||
Austria (0.4%) | ||||||||
Vienna Insurance Group | 59,223 | 4,537 | ||||||
Belgium (2.2%) | ||||||||
Delhaize Group(a) | 77,022 | 6,060 | ||||||
Groupe Bruxelles Lambert SA | 95,133 | 11,607 | ||||||
InBev NV(a) | 76,999 | 6,775 | ||||||
24,442 | ||||||||
Bermuda (0.9%) | ||||||||
Credicorp Ltd. | 131,134 | 9,408 | ||||||
Brazil (2.0%) | ||||||||
Banco do Brasil SA | 359,894 | 4,744 | ||||||
Bovespa Holding SA | 201,000 | 2,722 | ||||||
Companhia de Bebidas das Americas ADR | 80,158 | 6,056 | ||||||
Companhia Vale do Rio Doce ADR | 250,477 | 8,676 | ||||||
22,198 | ||||||||
Czech Republic (0.4%) | ||||||||
CEZ A.S. | 59,964 | 4,599 | ||||||
Denmark (1.3%) | ||||||||
Novo Nordisk A/S, Cl B(a) | 216,634 | 14,816 | ||||||
Finland (1.5%) | ||||||||
Nokia Corp., Cl A | 506,855 | 16,035 | ||||||
France (9.3%) | ||||||||
BNP Paribas | 59,633 | 6,014 | ||||||
Capgemini SA | 89,532 | 5,098 | ||||||
France Telecom SA(a) | 307,282 | 10,332 | ||||||
Lafarge SA | 51,756 | 9,000 | ||||||
Societe Generale | 34,941 | 3,421 | ||||||
SUEZ SA | 204,191 | 13,400 | ||||||
Total SA | 337,858 | 25,089 | ||||||
Unibail-Rodamco | 47,203 | 12,147 | ||||||
Vinci SA(a) | 112,897 | 8,161 | ||||||
Vivendi | 259,493 | 10,138 | ||||||
102,800 | ||||||||
Germany (12.0%) | ||||||||
Allianz SE | 58,300 | 11,576 | ||||||
BASF AG | 86,984 | 11,759 | ||||||
Continental AG | 30,548 | 3,138 | ||||||
Daimler AG | 107,794 | 9,222 | ||||||
Deutsche Boerse AG | 81,150 | 13,152 | ||||||
E.ON AG | 81,436 | 15,195 | ||||||
Henkel KGaA. Vorzug | 104,992 | 4,848 | ||||||
MAN AG | 83,195 | 11,104 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 48,026 | 9,401 | ||||||
RWE AG | 84,520 | 10,439 | ||||||
Siemens AG | 77,492 | 8,464 | ||||||
Stada Arzneimittel AG | 140,242 | 10,213 | ||||||
ThyssenKrupp AG | 126,375 | 7,230 | ||||||
Volkswagen AG | 26,372 | 7,656 | ||||||
133,397 | ||||||||
Greece (0.8%) | ||||||||
National Bank of Greece SA ADR | 828,471 | 8,749 | ||||||
Hong Kong (1.9%) | ||||||||
Cheung Kong (Holdings), Ltd. | 332,000 | 4,714 | ||||||
Cheung Kong Infrastructure Holdings Ltd. | 967,577 | 3,885 | ||||||
Industrial & Commercial Bank of China Ltd. | 1,960,000 | 4,856 | ||||||
Wharf Holdings Ltd. (The) | 1,566,500 | 7,377 | ||||||
20,832 | ||||||||
Indonesia (0.3%) | ||||||||
PT Bank Rakyat Indonesia | 5,528,500 | 3,786 | ||||||
Ireland (0.5%) | ||||||||
Anglo Irish Bank Corp. PLC | 372,660 | 5,000 | ||||||
Israel (0.9%) | ||||||||
Teva Pharmaceutical Industries Ltd. SP ADR(a) | 215,325 | 9,946 | ||||||
51
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
International Equity Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Italy (2.1%) | ||||||||
Enel SpA | 957,317 | 10,155 | ||||||
Fondiaria-Sai SpA | 97,145 | 4,024 | ||||||
Saipem SpA | 215,759 | 8,733 | ||||||
22,912 | ||||||||
Japan (15.5%) | ||||||||
Aisin Seiki Co., Ltd. | 120,000 | 4,479 | ||||||
Asahi Kasei Corp. | 1,016,000 | 5,301 | ||||||
Bridgestone Corp. | 267,200 | 4,550 | ||||||
Daicel Chemical Industries Ltd. | 1,114,000 | 5,723 | ||||||
Daiichi Sankyo Co. Ltd. | 173,183 | 5,118 | ||||||
Denki Kagaku Kogyo Kabushiki Kaisha | 1,554,000 | 4,896 | ||||||
DENSO Corp. | 126,800 | 4,097 | ||||||
East Japan Railway Co. | 2,743 | 22,817 | ||||||
Futaba Industrial Co., Ltd.(a) | 203,300 | 4,580 | ||||||
Itochu Techno-Solutions Corp. | 965,000 | 9,528 | ||||||
Japan Tobacco, Inc. | 1,072 | 5,368 | ||||||
KDDI Corp. | 958 | 5,854 | ||||||
Komatsu Ltd. | 96,664 | 2,682 | ||||||
Marubeni Corp. | 1,127,000 | 8,210 | ||||||
Matsushita Electric Industrial Co., Ltd. | 425,000 | 9,211 | ||||||
Mitsubishi Electric Corp. | 716,000 | 6,193 | ||||||
Mitsui & Co. Ltd. | 193,000 | 3,912 | ||||||
Nintendo Co. Ltd. | 16,900 | 8,716 | ||||||
Nippon Chemi-Con Corp. | 607,798 | 2,238 | ||||||
Nippon Telegraph & Telephone Corp. | 1,016 | 4,384 | ||||||
NTT DoCoMo, Inc. | 7,801 | 11,820 | ||||||
SUNDRUG Co. Ltd.(a) | 117,000 | 3,299 | ||||||
Takeda Pharmaceutical Co. Ltd. | 190,700 | 9,548 | ||||||
Toshiba Corp.(a) | 785,670 | 5,250 | ||||||
Toyota Motor Corp. | 120,300 | 5,999 | ||||||
Yamatake Corp. | 287,300 | 8,058 | ||||||
171,831 | ||||||||
Malaysia (0.6%) | ||||||||
Public Bank Berhad | 2,102,200 | 6,904 | ||||||
Mexico (0.6%) | ||||||||
America Movil SAB de C.V. ADR | 104,655 | 6,666 | ||||||
Netherlands (3.1%) | ||||||||
Heineken NV | 103,904 | 6,034 | ||||||
ING Groep NV | 162,147 | 6,072 | ||||||
Koninklijke (Royal) KPN NV | 450,942 | 7,617 | ||||||
Koninklijke DSM NV(a) | 63,387 | 3,057 | ||||||
Royal Philips Electronics NV(a) | 308,160 | 11,787 | ||||||
34,567 | ||||||||
New Zealand (0.4%) | ||||||||
Fletcher Building Ltd. | 721,938 | 4,761 | ||||||
Norway (1.1%) | ||||||||
Statoil ASA | 413,747 | 12,404 | ||||||
Philippines (0.5%) | ||||||||
Globe Telecom, Inc. | 165,080 | 5,949 | ||||||
Russian Federation (2.8%) | ||||||||
Gazprom ADR | 179,339 | 9,057 | ||||||
LUKOIL ADR | 83,990 | 7,206 | ||||||
Mechel ADR | 71,821 | 8,173 | ||||||
Mobile TeleSystems SP ADR | 82,495 | 6,257 | ||||||
30,693 | ||||||||
Singapore (1.9%) | ||||||||
Ascendas Real Estate Investment Trust | 2,163,000 | 3,741 | ||||||
CapitaCommercial Trust | 2,221,000 | 3,583 | ||||||
Jardine Cycle & Carriage Ltd. | 331,000 | 4,700 | ||||||
SMRT Corp. Ltd. | 4,968,000 | 6,571 | ||||||
United Overseas Bank Ltd. | 163,000 | 2,267 | ||||||
20,862 | ||||||||
South Africa (0.7%) | ||||||||
MTN Group Ltd. | 511,616 | 7,769 | ||||||
South Korea (0.4%) | ||||||||
Samsung Electronics Co. Ltd. | 7,100 | 4,468 | ||||||
Spain (3.2%) | ||||||||
Banco Santander Central Hispano SA | 1,063,001 | 21,177 | ||||||
Telefonica SA | 490,561 | 14,094 | ||||||
35,271 | ||||||||
52
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
International Equity Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Sweden (2.4%) | ||||||||
Alfa Laval AB(a) | 99,500 | 6,047 | ||||||
H&M Hennes & Mauritz AB(a) | 149,200 | 9,168 | ||||||
Sandvik AB(a) | 355,000 | 6,170 | ||||||
Swedish Match AB | 224,881 | 4,903 | ||||||
26,288 | ||||||||
Switzerland (5.9%) | ||||||||
Nestle SA | 47,613 | 23,797 | ||||||
Roche Holding AG(a) | 106,857 | 20,114 | ||||||
Xstrata PLC | 130,099 | 9,106 | ||||||
Zurich Financial Services AG(a) | 40,183 | 12,657 | ||||||
65,674 | ||||||||
Thailand (0.6%) | ||||||||
Bangkok Bank Public Co. Ltd. | 1,443,200 | 6,191 | ||||||
Turkey (0.2%) | ||||||||
Turkcell Iletisim Hizmetleri AS ADR | 99,341 | 2,075 | ||||||
United Kingdom (17.8%) | ||||||||
AMEC PLC | 336,563 | 4,832 | ||||||
Anglo American PLC | 78,720 | 4,730 | ||||||
BAE Systems PLC | 1,121,723 | 10,801 | ||||||
BHP Billiton PLC | 387,628 | 11,500 | ||||||
BP PLC | 1,696,860 | 17,240 | ||||||
British American Tobacco PLC | 255,216 | 9,577 | ||||||
GAME Group PLC | 1,118,571 | 4,711 | ||||||
HSBC Holdings PLC | 1,364,093 | 22,466 | ||||||
Imperial Tobacco Group PLC | 208,109 | 9,573 | ||||||
International Power PLC | 869,641 | 6,868 | ||||||
London Stock Exchange Group PLC | 226,763 | 5,436 | ||||||
National Express Group PLC | 183,255 | 3,655 | ||||||
Old Mutual PLC | 3,227,900 | 7,078 | ||||||
Prudential PLC | 625,406 | 8,259 | ||||||
Rio Tinto PLC(a) | 71,298 | 7,404 | ||||||
Royal Bank of Scotland Group PLC (The) | 1,029,635 | 6,891 | ||||||
Royal Dutch Shell PLC, Cl B | 166,621 | 5,608 | ||||||
SABMiller PLC | 253,559 | 5,555 | ||||||
Scottish & Southern Energy PLC | 261,529 | 7,287 | ||||||
SSL International PLC | 608,549 | 5,477 | ||||||
Unilever PLC | 227,685 | 7,676 | ||||||
Vodafone Group PLC | 6,474,011 | 19,386 | ||||||
William Morrison Supermarkets PLC | 1,018,720 | 5,544 | ||||||
197,554 | ||||||||
Total Foreign Common Stocks | 1,078,093 | |||||||
Foreign Preferred Stocks (0.6%) | ||||||||
Germany (0.6%) | ||||||||
Fresenius AG, 1.510% | 85,606 | 7,181 | ||||||
Total Foreign Preferred Stocks | 7,181 | |||||||
Short-Term Investments (8.1%) | ||||||||
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep | 9,582,458 | 9,583 | ||||||
Credit Suisse Enhanced Liquidity Fund(b) | 79,849,019 | 79,849 | ||||||
Total Short-Term Investments | 89,432 | |||||||
Total Investments (Cost $1,069,339)(c) — 106.0% | 1,174,706 | |||||||
Liabilities in excess of other assets — (6.0)% | (66,184 | ) | ||||||
Net Assets — 100.0% | $ | 1,108,522 | ||||||
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $76,424. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Represents cost for financial reporting purposes. | |
ADR | — American Depositary Receipt |
53
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
International Equity Fund — concluded
Consumer Discretionary | 8.6 | % | ||
Consumer Staples | 10.4 | |||
Energy | 8.2 | |||
Financials | 22.7 | |||
Health Care | 7.4 | |||
Industrials | 11.1 | |||
Information Technology | 3.8 | |||
Materials | 9.0 | |||
Metals | 0.7 | |||
Short-Term Investments | 8.1 | |||
Telecommunication Services | 9.2 | |||
Transportation | 0.3 | |||
Utilities | 6.5 |
54
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Foreign Common Stocks (97.3%) | ||||||||
Australia (4.0%) | ||||||||
AGL Energy Ltd. | 26,548 | 268 | ||||||
Alumina Ltd.(a) | 69,130 | 360 | ||||||
Amcor Ltd. | 55,183 | 361 | ||||||
AMP Ltd. | 111,017 | 796 | ||||||
Aristocrat Leisure Ltd.(a) | 21,480 | 188 | ||||||
Asciano Group | 32,635 | 119 | ||||||
Australia & New Zealand Banking Group Ltd. | 98,505 | 2,030 | ||||||
AXA Asia Pacific Holdings Ltd. | 53,373 | 268 | ||||||
BHP Billiton Ltd.(a) | 163,303 | 5,343 | ||||||
BlueScope Steel Ltd. | 44,489 | 401 | ||||||
Boral Ltd.(a) | 36,417 | 208 | ||||||
Brambles Ltd. | 83,736 | 764 | ||||||
Coca-Cola Amatil Ltd. | 32,204 | 250 | ||||||
Commonwealth Bank of Australia | 65,841 | 2,515 | ||||||
Computershare Ltd. | 31,194 | 249 | ||||||
CSL Ltd. | 27,225 | 918 | ||||||
CSR Ltd. | 66,918 | 196 | ||||||
Fairfax Media Ltd.(a) | 73,058 | 232 | ||||||
Fortescue Metals Group, Ltd.* | 63,168 | 376 | ||||||
Foster’s Group Ltd. | 116,499 | 545 | ||||||
GPT Group(a) | 125,010 | 371 | ||||||
Insurance Australia Group Ltd.(a) | 104,249 | 349 | ||||||
Lend Lease Corp., Ltd. | 23,291 | 282 | ||||||
Lion Nathan Ltd. | 17,992 | 144 | ||||||
Macquarie Goodman Group | 86,945 | 342 | ||||||
Macquarie Group Ltd.(a) | 13,989 | 675 | ||||||
Macquarie Infrastructure Group | 162,988 | 414 | ||||||
Mirvac Group Ltd. REIT | 61,701 | 227 | ||||||
National Australia Bank Ltd. | 83,404 | 2,298 | ||||||
Newcrest Mining, Ltd. | 26,755 | 816 | ||||||
Orica Ltd. | 19,416 | 517 | ||||||
Origin Energy Ltd. | 53,228 | 445 | ||||||
Perpetual Ltd.(a) | 2,736 | 135 | ||||||
QBE Insurance Group Ltd. | 49,145 | 997 | ||||||
Rio Tinto Group Ltd. | 15,319 | 1,715 | ||||||
Santos Ltd.(a) | 34,101 | 452 | ||||||
Sonic Healthcare Ltd. | 17,439 | 219 | ||||||
Stockland Trust Group | 90,329 | 577 | ||||||
Suncorp-Metway Ltd. | 53,881 | 634 | ||||||
TABCORP Holdings Ltd.(a) | 32,143 | 416 | ||||||
Telstra Corp. Ltd. | 168,386 | 677 | ||||||
Toll Holdings, Ltd. | 32,923 | 301 | ||||||
Transurban Group(a) | 61,523 | 365 | ||||||
Wesfarmers Ltd.(a) | 32,258 | 1,179 | ||||||
Wesfarmers Ltd. PPS(a) | 9,880 | 363 | ||||||
Westfield Group REIT | 103,004 | 1,675 | ||||||
Westpac Banking Corp. | 102,049 | 2,214 | ||||||
Woodside Petroleum Ltd. | 28,576 | 1,423 | ||||||
Woolworths Ltd. | 66,899 | 1,773 | ||||||
WorleyParsons Ltd. | 9,064 | 277 | ||||||
Zinifex Ltd. | 29,815 | 272 | ||||||
38,931 | ||||||||
Austria (1.5%) | ||||||||
Andritz AG | 3,914 | 215 | ||||||
BETandWIN.com Interactive Entertainment AG* | 2,981 | 98 | ||||||
Erste Bank der oesterreichischen Sparkassen AG(a) | 31,011 | 2,010 | ||||||
Flughafen Wien AG | 1,197 | 144 | ||||||
IMMOEAST AG*(a) | 94,183 | 907 | ||||||
Immofinanz Immobilien Anlagen AG | 96,883 | 1,049 | ||||||
Meinl European Land Ltd.* | 68,420 | 779 | ||||||
Oesterreichische Elektrizitaeswirtschafts AG(a) | 16,456 | 1,171 | ||||||
OMV AG | 30,379 | 2,008 | ||||||
Raiffeisen International Bank-Holding AG(a) | 8,635 | 1,177 | ||||||
RHI AG* | 2,988 | 120 | ||||||
Telekom Austria AG | 64,346 | 1,330 | ||||||
Vienna Insurance Group | 7,359 | 564 | ||||||
voestalpine AG | 24,089 | 1,673 | ||||||
Wienerberger AG | 17,194 | 914 | ||||||
14,159 | ||||||||
Belgium (2.0%) | ||||||||
Agfa-Gevaert NV | 11,564 | 90 | ||||||
Barco NV | 1,030 | 74 | ||||||
Belgacom | 22,255 | 985 | ||||||
Colruyt SA | 2,498 | 643 | ||||||
Delhaize Group | 12,894 | 1,015 | ||||||
Dexia Group(a) | 57,635 | 1,642 | ||||||
Fortis | 244,443 | 6,159 | ||||||
Groupe Bruxelles Lambert SA | 11,765 | 1,435 | ||||||
InBev NV(a) | 21,704 | 1,910 | ||||||
KBC Bank & Insurance Holding Co. NV | 21,225 | 2,752 | ||||||
Mobistar SA(a) | 4,754 | 431 | ||||||
NV Bekaert SA | 876 | 127 |
55
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Belgium—continued | ||||||||
Omega Pharma NV | 1,645 | 76 | ||||||
Solvay SA(a) | 7,502 | 957 | ||||||
UCB SA | 14,904 | 518 | ||||||
Umicore(a) | 18,560 | 966 | ||||||
19,780 | ||||||||
Bermuda (0.0%) | ||||||||
Invesco Ltd. | 19,580 | 477 | ||||||
Cyprus (0.0%) | ||||||||
Prosafe SE | 13,500 | 212 | ||||||
Denmark (1.6%) | ||||||||
A.P. Moller-Maersk A/S | 142 | 1,585 | ||||||
Bang & Olufsen A/S, Cl B(a) | 760 | 47 | ||||||
Carlsberg A/S, Cl B(a) | 4,525 | 579 | ||||||
Coloplast A/S, Cl B | 3,994 | 365 | ||||||
Danisco A/S | 6,509 | 476 | ||||||
Danske Bank A/S | 45,468 | 1,678 | ||||||
DSV A/S | 29,250 | 639 | ||||||
FLS Industries A/S | 8,000 | 792 | ||||||
GN Store Nord A/S* | 17,500 | 87 | ||||||
H. Lundbeck A/S | 3,800 | 95 | ||||||
Jyske Bank A/S* | 8,875 | 596 | ||||||
Novo Nordisk A/S, Cl B | 54,874 | 3,753 | ||||||
Novozymes A/S, Cl B | 6,870 | 643 | ||||||
Sydbank A/S | 9,450 | 344 | ||||||
Topdanmark A/S*(a) | 2,425 | 408 | ||||||
Trygvesta A/S(a) | 3,950 | 347 | ||||||
Vestas Wind Systems A/S* | 22,738 | 2,484 | ||||||
William Demant Holding*(a) | 3,557 | 284 | ||||||
15,202 | ||||||||
Finland (1.1%) | ||||||||
Cargotec Corp., Cl B(a) | 2,801 | 137 | ||||||
Fortum Corp.*(a) | 27,640 | 1,126 | ||||||
Kone Oyj, Cl B | 9,498 | 390 | ||||||
Metso Corp. | 8,000 | 432 | ||||||
Neste Oil Oyj(a) | 9,428 | 330 | ||||||
Nokia Corp., Cl A | 203,311 | 6,432 | ||||||
Sampo PLC, Cl A | 26,900 | 728 | ||||||
Stora Enso Oyj(a) | 36,152 | 417 | ||||||
Tietoenator Oyj(a) | 2,307 | 57 | ||||||
UPM-Kymmene Corp.(a) | 32,567 | 578 | ||||||
10,627 | ||||||||
France (10.7%) | ||||||||
Accor | 18,918 | 1,382 | ||||||
Aeroports De Paris | 3,093 | 352 | ||||||
Air France-KLM | 13,269 | 374 | ||||||
Air Liquide Prime Fidelite SA | 2,138 | 326 | ||||||
Air Liquide SA | 17,430 | 2,657 | ||||||
Alcatel(a) | 214,165 | 1,224 | ||||||
Alstom | 8,395 | 1,820 | ||||||
Atos Origin SA* | 7,604 | 423 | ||||||
AXA, ADR(a) | 124,212 | 4,508 | ||||||
BNP Paribas | 62,637 | 6,317 | ||||||
Bouygues SA | 18,654 | 1,185 | ||||||
Capgemini SA | 13,524 | 770 | ||||||
Carrefour SA | 48,195 | 3,718 | ||||||
Casino Guichard-Perrachon SA | 4,305 | 516 | ||||||
CNP Assurances SA | 4,391 | 541 | ||||||
Compagnie de Saint-Gobain | 23,161 | 1,888 | ||||||
Compagnie Generale de Geophysique-Veritas* | 2,411 | 600 | ||||||
Compagnie Generale des Etablissements Michelin, Cl B(a) | 12,416 | 1,296 | ||||||
Credit Agricole SA | 48,183 | 1,491 | ||||||
Dassault Systemes SA(a) | 6,765 | 393 | ||||||
Electricite de France | 7,057 | 614 | ||||||
Essilor International SA | 19,502 | 1,274 | ||||||
European Aeronautic Defence & Space Co.(a) | 28,680 | 680 | ||||||
France Telecom SA(a) | 147,135 | 4,947 | ||||||
Gaz de France(a) | 14,726 | 889 | ||||||
Gecina SA(a) | 1,293 | 193 | ||||||
Groupe Danone | 32,142 | 2,874 | ||||||
Hermes International(a) | 6,867 | 858 | ||||||
Imerys | 3,354 | 308 | ||||||
Klepierre | 7,191 | 441 | ||||||
L’Oreal SA | 19,650 | 2,495 | ||||||
Lafarge SA(a) | 11,525 | 2,004 | ||||||
Lagardere SCA | 12,596 | 942 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 19,008 | 2,115 | ||||||
M6 Metropole Television | 8,007 | 178 | ||||||
Neopost SA | 3,346 | 376 | ||||||
PagesJaunes SA(a) | 12,867 | 229 | ||||||
Pernod Ricard | 15,428 | 1,587 | ||||||
Pinault-Printemps-Redoute SA | 6,467 | 958 | ||||||
PSA Peugeot Citroen SA | 15,313 | 1,187 | ||||||
Publicis Groupe | 14,846 | 567 | ||||||
Renault SA | 16,893 | 1,869 | ||||||
Safran SA(a) | 17,324 | 355 | ||||||
Sanofi-Aventis | 80,883 | 6,068 | ||||||
Schneider Electric SA(a) | 17,454 | 2,258 | ||||||
Societe BIC | 3,375 | 208 | ||||||
Societe Generale | 37,299 | 3,652 |
56
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
France—continued | ||||||||
Societe Television Francaise 1(a) | 14,088 | 310 | ||||||
Sodexho Alliance SA | 9,614 | 591 | ||||||
SUEZ SA | 85,046 | 5,581 | ||||||
Technip SA | 10,030 | 781 | ||||||
Thales | 9,004 | 583 | ||||||
Thomson | 30,002 | 208 | ||||||
Total SA(a) | 171,187 | 12,712 | ||||||
Unibail-Rodamco | 6,346 | 1,633 | ||||||
Valeo SA | 8,557 | 339 | ||||||
Vallourec SA | 4,259 | 1,034 | ||||||
Veolia Environnement | 29,004 | 2,022 | ||||||
Vinci SA(a) | 32,073 | 2,318 | ||||||
Vivendi(a) | 93,370 | 3,648 | ||||||
Zodiac SA | 4,517 | 222 | ||||||
103,889 | ||||||||
Germany (15.1%) | ||||||||
Adidas AG | 32,186 | 2,144 | ||||||
Allianz SE | 60,287 | 11,970 | ||||||
ALTANA AG | 6,769 | 144 | ||||||
BASF AG | 62,138 | 8,401 | ||||||
Bayer AG | 96,597 | 7,746 | ||||||
Bayerische Motoren Werke AG(a) | 24,347 | 1,347 | ||||||
Beiersdorf AG | 14,203 | 1,191 | ||||||
Bilfinger Berger AG | 6,418 | 552 | ||||||
Celesio AG | 13,686 | 682 | ||||||
Commerzbank AG | 85,734 | 2,699 | ||||||
Continental AG | 19,986 | 2,053 | ||||||
Daimler AG(a) | 126,541 | 10,833 | ||||||
Deutsche Bank AG | 66,335 | 7,540 | ||||||
Deutsche Boerse AG | 27,438 | 4,447 | ||||||
Deutsche Lufthansa AG | 33,601 | 911 | ||||||
Deutsche Post AG | 102,918 | 3,149 | ||||||
Deutsche Postbank AG | 12,469 | 1,194 | ||||||
Deutsche Telekom AG | 368,707 | 6,170 | ||||||
Douglas Holding AG | 3,077 | 167 | ||||||
E.ON AG | 80,861 | 15,088 | ||||||
GEA Group AG* | 23,053 | 775 | ||||||
Heidelberger Druckmaschinen AG(a) | 10,946 | 293 | ||||||
Henkel KGaA | 12,557 | 532 | ||||||
Henkel KGaA. Vorzug | 23,235 | 1,073 | ||||||
Hochtief AG | 6,438 | 590 | ||||||
Hypo Real Estate Holding AG | 31,070 | 821 | ||||||
Infineon Technologies AG* | 107,917 | 761 | ||||||
IVG Immobilien AG | 14,944 | 421 | ||||||
K+S AG | 5,594 | 1,840 | ||||||
Karstadt Quelle AG* | 12,433 | 250 | ||||||
Linde AG | 15,467 | 2,185 | ||||||
MAN AG | 15,077 | 2,012 | ||||||
Merck KGaA(a) | 9,684 | 1,203 | ||||||
METRO AG | 20,905 | 1,685 | ||||||
MLP AG(a) | 5,445 | 77 | ||||||
Muenchener Rueckversicherungs-Gesellschaft AG | 27,785 | 5,439 | ||||||
Q-Cells AG*(a) | 6,803 | 684 | ||||||
Rheinmetall AG | 6,324 | 446 | ||||||
RWE AG | 58,367 | 7,209 | ||||||
Salzgitter AG | 6,584 | 1,153 | ||||||
SAP AG | 115,291 | 5,715 | ||||||
Siemens AG | 115,338 | 12,598 | ||||||
Solarworld AG | 12,484 | 604 | ||||||
Suedzucker AG(a) | 5,838 | 129 | ||||||
ThyssenKrupp AG | 49,701 | 2,843 | ||||||
TUI AG*(a) | 33,841 | 870 | ||||||
Volkswagen AG | 21,330 | 6,192 | ||||||
Wincor Nixdorf AG | 3,168 | 253 | ||||||
147,081 | ||||||||
Greece (1.6%) | ||||||||
Alpha Bank A.E. | 65,806 | 2,182 | ||||||
Coca-Cola Hellenic Bottling Co. SA | 29,740 | 1,385 | ||||||
EFG Eurobank Ergasias SA | 52,239 | 1,587 | ||||||
Hellenic Petroleum SA | 22,530 | 297 | ||||||
Hellenic Technodomiki Tev SA | 12,760 | 156 | ||||||
Hellenic Telecommunications Organization SA | 56,210 | 1,595 | ||||||
National Bank of Greece SA | 64,264 | 3,390 | ||||||
OPAP SA | 43,550 | 1,552 | ||||||
Piraeus Bank SA | 57,475 | 1,768 | ||||||
Public Power Corp. SA | 22,100 | 966 | ||||||
Titan Cement Co. SA | 12,960 | 551 | ||||||
Viohalco SA | 18,180 | 188 | ||||||
15,617 | ||||||||
Hong Kong (1.2%) | ||||||||
Bank of East Asia Ltd. | 83,842 | 420 | ||||||
BOC Hong Kong Holdings, Ltd. | 193,500 | 466 | ||||||
Cheung Kong (Holdings), Ltd. | 97,000 | 1,377 | ||||||
CLP Holdings Ltd. | 65,600 | 540 | ||||||
Esprit Holdings, Ltd. | 52,000 | 624 |
57
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Hong Kong—continued | ||||||||
Foxconn International Holdings Ltd.* | 136,000 | 184 | ||||||
Hang Seng Bank, Ltd. | 38,000 | 688 | ||||||
Henderson Land Development Co., Ltd. | 70,000 | 497 | ||||||
Hong Kong & China Gas Co. Ltd. (The) | 180,960 | 544 | ||||||
Hong Kong Electric Holdings Ltd. | 69,000 | 436 | ||||||
Hong Kong Exchanges & Clearing, Ltd. | 56,500 | 970 | ||||||
Hutchison Whampoa, Ltd. | 134,080 | 1,269 | ||||||
Li & Fung Ltd. | 127,400 | 472 | ||||||
Link REIT (The) | 108,865 | 241 | ||||||
New World Development Co., Ltd.(a) | 155,343 | 376 | ||||||
PCCW Ltd. | 260,326 | 164 | ||||||
Sun Hung Kai Properties, Ltd. | 67,600 | 1,055 | ||||||
Swire Pacific Ltd. | 44,500 | 502 | ||||||
Wharf Holdings Ltd. (The) | 88,625 | 417 | ||||||
11,242 | ||||||||
Ireland (0.9%) | ||||||||
Allied Irish Banks PLC | 73,962 | 1,576 | ||||||
Anglo Irish Bank Corp. PLC | 62,640 | 841 | ||||||
Bank of Ireland | 104,538 | 1,555 | ||||||
CRH PLC | 47,804 | 1,817 | ||||||
DCC PLC | 4,864 | 115 | ||||||
Elan Corp. PLC* | 44,681 | 916 | ||||||
Irish Life & Permanent PLC | 5,950 | 115 | ||||||
Irish Life & Permanent PLC. Dublin | 26,986 | 527 | ||||||
Kerry Group PLC | 14,790 | 463 | ||||||
Kingspan Group PLC | 14,621 | 195 | ||||||
Ryanair Holdings PLC* | 46,355 | 205 | ||||||
8,325 | ||||||||
Italy (9.0%) | ||||||||
A2A SpA | 98,927 | 363 | ||||||
Alleanza Assicurazioni SpA | 71,206 | 930 | ||||||
Arnoldo Mondadori Editore SpA(a) | 15,949 | 135 | ||||||
Assicurazioni Generali SpA | 183,662 | 8,257 | ||||||
Autogrill SpA | 27,111 | 405 | ||||||
Autostrade SpA | 54,907 | 1,660 | ||||||
Banca Intesa SpA | 1,360,310 | 9,588 | ||||||
Banca Monte dei Paschi di Siena SpA(a) | 235,524 | 1,043 | ||||||
Banca Popolare di Milano Scarl SpA | 89,773 | 986 | ||||||
Banco Popolare Scarl* | 120,317 | 1,992 | ||||||
Bulgari SpA(a) | 40,934 | 473 | ||||||
Enel SpA | 706,210 | 7,492 | ||||||
Eni SpA | 459,668 | 15,674 | ||||||
Fiat SpA(a) | 135,759 | 3,140 | ||||||
Finmeccanica SpA | 56,304 | 1,914 | ||||||
Fondiaria-Sai SpA | 14,897 | 617 | ||||||
Intesa Sanpaolo | 136,678 | 900 | ||||||
Italcementi SpA(a) | 16,830 | 341 | ||||||
Lottomatica SpA(a) | 15,430 | 480 | ||||||
Luxottica Group SpA(a) | 29,981 | 756 | ||||||
Mediaset SpA(a) | 166,077 | 1,536 | ||||||
MEDIOBANCA-Banca di Credito Finanziario SpA(a) | 100,255 | 2,056 | ||||||
Mediolanum SpA(a) | 69,790 | 427 | ||||||
Parmalat SpA | 327,886 | 1,260 | ||||||
Pirelli & C. SpA(a) | 666,562 | 583 | ||||||
Prysmian SpA* | 26,340 | 562 | ||||||
Saipem SpA | 29,761 | 1,205 | ||||||
Seat Pagine Gialle SpA(a) | 1,121,773 | 194 | ||||||
Snam Rete Gas SpA | 190,418 | 1,211 | ||||||
Telecom Italia RNC SpA | 1,013,181 | 1,678 | ||||||
Telecom Italia SpA | 1,863,684 | 3,898 | ||||||
Terna SpA(a) | 259,626 | 1,108 | ||||||
UniCredito Italiano SpA | 1,646,057 | 11,018 | ||||||
Unione di Banche Italiane Scpa | 119,176 | 3,053 | ||||||
86,935 | ||||||||
Japan (20.4%) | ||||||||
77 Bank Ltd. | 41,000 | 230 | ||||||
Acom Co. Ltd. | 7,570 | 201 | ||||||
Advantest Corp.(a) | 15,900 | 412 | ||||||
AEON Co. Ltd. | 55,500 | 662 | ||||||
AEON Credit Service Co., Ltd. | 10,200 | 136 | ||||||
Aiful Corp.(a) | 8,900 | 143 | ||||||
Aisin Seiki Co., Ltd. | 18,200 | 679 | ||||||
Ajinomoto Co., Inc. | 61,000 | 618 | ||||||
All Nippon Airways Co. Ltd.(a) | 64,000 | 282 | ||||||
Alps Electric Co. Ltd. | 17,800 | 175 | ||||||
Amada Co. Ltd. | 36,000 | 272 | ||||||
Asahi Breweries, Ltd. | 40,300 | 831 | ||||||
Asahi Glass Co. Ltd. | 75,000 | 827 | ||||||
Asahi Kasei Corp. | 105,000 | 548 | ||||||
Astellas Pharma, Inc. | 38,761 | 1,501 | ||||||
Bank of Yokohama Ltd. (The) | 114,000 | 774 | ||||||
Benesse Corp. | 6,900 | 325 |
58
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Japan—continued | ||||||||
Bridgestone Corp. | 51,900 | 884 | ||||||
Canon, Inc. | 79,900 | 3,680 | ||||||
Casio Computer Co. Ltd. | 23,600 | 346 | ||||||
Central Japan Railway Co. | 128 | 1,323 | ||||||
Chiba Bank Ltd. (The) | 73,000 | 496 | ||||||
Chubu Electric Power Co., Inc. | 52,700 | 1,317 | ||||||
Chugai Pharmaceutical Co., Ltd.(a) | 27,900 | 316 | ||||||
Citizen Holdings Co., Ltd.(a) | 34,100 | 288 | ||||||
Credit Saison Co. Ltd. | 16,200 | 452 | ||||||
CSK Corp.(a) | 7,400 | 171 | ||||||
Dai Nippon Printing Co. Ltd. | 59,000 | 939 | ||||||
Daiichi Sankyo Co. Ltd. | 57,025 | 1,685 | ||||||
Daikin Industries, Ltd. | 22,400 | 964 | ||||||
Dainippon Ink & Chemicals, Inc. | 63,000 | 196 | ||||||
Daito Trust Construction Co. Ltd. | 7,700 | 397 | ||||||
Daiwa House Industry Co. Ltd. | 46,000 | 456 | ||||||
Daiwa Securities Group, Inc. | 126,000 | 1,092 | ||||||
Denki Kagaku Kogyo Kabushiki Kaisha | 55,000 | 173 | ||||||
DENSO Corp. | 32,600 | 1,053 | ||||||
Dentsu, Inc. | 194 | 442 | ||||||
DOWA Mining Co. Ltd. | 30,000 | 178 | ||||||
East Japan Railway Co. | 264 | 2,196 | ||||||
Eisai Co. Ltd. | 21,200 | 723 | ||||||
Electric Power Development Co. Ltd. | 14,920 | 537 | ||||||
FANUC Ltd. | 15,300 | 1,455 | ||||||
Fast Retailing Co. Ltd. | 5,300 | 467 | ||||||
Fuji Electic Holdings Co. Ltd. | 56,000 | 228 | ||||||
Fuji Photo Film Co. Ltd. | 39,600 | 1,403 | ||||||
Fujikura Ltd. | 36,000 | 163 | ||||||
Fujitsu Ltd. | 157,000 | 1,027 | ||||||
Fukuoka Financial Group, Inc. | 74,000 | 385 | ||||||
Furukawa Electric Co. Ltd. (The) | 68,000 | 220 | ||||||
Gunma Bank Ltd. (The) | 41,000 | 293 | ||||||
Hankyu Hanshin Holdings, Inc. | 110,000 | 476 | ||||||
Hirose Electric Co. Ltd.(a) | 3,200 | 359 | ||||||
Hitachi Chemical Co. Ltd. | 10,900 | 205 | ||||||
Hitachi Ltd.(a) | 265,000 | 1,572 | ||||||
Hokkaido Electric Power Co., Inc. | 18,200 | 423 | ||||||
Hokuhoku Financial Group, Inc. | 118,000 | 355 | ||||||
Honda Motor Co. Ltd. | 122,200 | 3,488 | ||||||
Hoya Corp. | 35,800 | 841 | ||||||
Ibiden Co. Ltd. | 12,100 | 476 | ||||||
Inpex Holdings, Inc. | 77 | 858 | ||||||
Isetan Co. Ltd. | 19,000 | 221 | ||||||
Ishikawajima-Harima Heavy Industries Co. Ltd.(a) | 131,000 | 254 | ||||||
Itochu Techno-Solutions Corp. | 134,000 | 1,323 | ||||||
J. Front Retailing Co. Ltd. | 39,800 | 254 | ||||||
Japan Real Estate Investment Corp. REIT | 37 | 431 | ||||||
Japan Retail Fund Investment Corp. REIT | 41 | 259 | ||||||
Japan Steel Works Ltd. (The)(a) | 28,000 | 477 | ||||||
Japan Tobacco, Inc. | 353 | 1,767 | ||||||
JFE Holdings, Inc. | 46,875 | 2,079 | ||||||
JGC Corp. | 21,000 | 321 | ||||||
Joyo Bank Ltd. (The) | 66,300 | 335 | ||||||
JS Group Corp. | 26,512 | 398 | ||||||
JSR Corp. | 17,800 | 403 | ||||||
Kajima Corp.(a) | 89,000 | 252 | ||||||
Kamigumi Co. Ltd. | 30,000 | 237 | ||||||
Kaneka Corp. | 33,000 | 206 | ||||||
Kansai Electric Power Co., Inc. (The) | 55,700 | 1,386 | ||||||
Kansai Paint Co. Ltd. | 26,000 | 169 | ||||||
Kao Corp. | 37,000 | 1,049 | ||||||
Kawasaki Heavy Industries Ltd. | 134,000 | 299 | ||||||
Kawasaki Kisen Kaisha, Ltd.(a) | 55,000 | 535 | ||||||
KDDI Corp. | 196 | 1,198 | ||||||
Keihin Electric Express Railway Co. Ltd.(a) | 48,000 | 327 | ||||||
Keio Electric Railway Co. Ltd. | 58,000 | 323 | ||||||
Keyence Corp. | 3,360 | 773 | ||||||
Kintetsu Corp.(a) | 156,250 | 558 | ||||||
Kirin Brewery Co. Ltd. | 65,000 | 1,229 | ||||||
Kobe Steel Ltd. | 254,000 | 724 | ||||||
Kokuyo Co. Ltd.(a) | 4,000 | 34 | ||||||
Komatsu Ltd. | 71,600 | 1,987 | ||||||
Konami Corp.(a) | 8,900 | 335 |
59
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Japan—continued | ||||||||
Konica Minolta Holdings, Inc. | 46,000 | 625 | ||||||
Kubota Corp. | 100,000 | 621 | ||||||
Kuraray Co. Ltd. | 36,000 | 429 | ||||||
Kurita Water Industries Ltd. | 11,200 | 412 | ||||||
Kyocera Corp. | 13,500 | 1,134 | ||||||
Kyowa Hakko Kogyo Co. Ltd. | 18,000 | 172 | ||||||
Kyushu Electric Power Co., Inc. | 31,800 | 777 | ||||||
Lawson, Inc. | 6,200 | 274 | ||||||
Leopalace21 Corp. | 12,700 | 205 | ||||||
Mabuchi Motor Co., Ltd. | 2,800 | 135 | ||||||
Makita Corp. | 11,500 | 361 | ||||||
Marubeni Corp. | 155,000 | 1,129 | ||||||
Marui Co. Ltd. | 29,400 | 313 | ||||||
Matsushita Electric Industrial Co., Ltd. | 149,880 | 3,248 | ||||||
Matsushita Electric Works Ltd. | 37,000 | 381 | ||||||
Millea Holdings, Inc. | 55,600 | 2,053 | ||||||
Minebea Co. Ltd. | 36,000 | 210 | ||||||
Mitsubishi Chemical Holdings Corp. | 103,500 | 684 | ||||||
Mitsubishi Corp. | 106,600 | 3,220 | ||||||
Mitsubishi Electric Corp. | 151,000 | 1,306 | ||||||
Mitsubishi Estate Co., Ltd. | 95,000 | 2,307 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 37,000 | 263 | ||||||
Mitsubishi Heavy Industries Ltd.(a) | 266,000 | 1,137 | ||||||
Mitsubishi Logistics Corp.(a) | 13,000 | 167 | ||||||
Mitsubishi Materials Corp. | 106,000 | 461 | ||||||
Mitsubishi Rayon Co. Ltd.(a) | 64,000 | 205 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 668,880 | 5,772 | ||||||
Mitsui & Co. Ltd. | 136,000 | 2,757 | ||||||
Mitsui Chemicals, Inc. | 63,000 | 417 | ||||||
Mitsui Engineering & Shipbuilding Co. Ltd. | 73,000 | 196 | ||||||
Mitsui Fudosan Co. Ltd. | 70,000 | 1,390 | ||||||
Mitsui Mining & Smelting Co. Ltd. | 65,000 | 204 | ||||||
Mitsui O.S.K. Lines, Ltd. | 102,000 | 1,233 | ||||||
Mitsui Sumitomo Insurance Co. Ltd. | 98,340 | 994 | ||||||
Mitsui Trust Holdings, Inc. | 75,000 | 454 | ||||||
Mitsukoshi Ltd. | 45,000 | 176 | ||||||
Mizuho Financial Group, Inc.(a) | 772 | 2,827 | ||||||
Murata Manufacturing Co. Ltd. | 18,600 | 924 | ||||||
Namco Bandai Holdings, Inc. | 20,050 | 272 | ||||||
NEC Corp. | 175,000 | 667 | ||||||
NGK Insulators Ltd. | 26,000 | 460 | ||||||
NGK Spark Plug Co. Ltd.(a) | 17,000 | 221 | ||||||
Nidec Corp. | 10,400 | 640 | ||||||
Nikon Corp. | 30,000 | 799 | ||||||
Nintendo Co. Ltd. | 7,800 | 4,023 | ||||||
Nippon Building Fund, Inc. REIT | 46 | 582 | ||||||
Nippon Electric Glass Co. Ltd. | 33,500 | 518 | ||||||
Nippon Express Co. Ltd. | 79,000 | 454 | ||||||
Nippon Meat Packers, Inc. | 20,000 | 295 | ||||||
Nippon Mining Holdings, Inc. | 84,500 | 448 | ||||||
Nippon Oil Corp. | 120,000 | 749 | ||||||
Nippon Sheet Glass Co. Ltd. | 60,000 | 266 | ||||||
Nippon Steel Corp.(a) | 457,000 | 2,316 | ||||||
Nippon Telegraph & Telephone Corp. | 378 | 1,631 | ||||||
Nippon Unipac Holding | 88 | 208 | ||||||
Nippon Yusen Kabushiki Kaisha(a) | 106,000 | 996 | ||||||
Nissan Chemical Industries Ltd. | 17,000 | 179 | ||||||
Nissan Motor Co. Ltd. | 182,700 | 1,511 | ||||||
Nisshin Seifun Group, Inc. | 18,300 | 195 | ||||||
Nisshin Steel Co. Ltd. | 84,000 | 291 | ||||||
Nissin Food Products Co. Ltd.(a) | 8,900 | 300 | ||||||
Nitto Denko Corp. | 15,200 | 642 | ||||||
NOK Corp. | 11,200 | 229 | ||||||
Nomura Holdings, Inc. | 141,500 | 2,116 | ||||||
Nomura Research Institute, Ltd. | 11,000 | 288 | ||||||
NSK Ltd. | 44,000 | 333 | ||||||
NTN Corp.(a) | 37,000 | 252 | ||||||
NTT Data Corp. | 121 | 529 | ||||||
NTT DoCoMo, Inc. | 1,214 | 1,839 | ||||||
Obayashi Corp. | 61,000 | 256 | ||||||
Odakyu Electric Railway Co. Ltd.(a) | 61,000 | 452 | ||||||
Oji Paper Co. Ltd. | 81,000 | 365 | ||||||
Olympus Corp. | 21,000 | 636 | ||||||
OMRON Corp. | 20,300 | 417 |
60
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Japan—continued | ||||||||
Onward Kashiyama Co. Ltd. | 16,000 | 163 | ||||||
Oriental Land Co. Ltd.(a) | 4,800 | 282 | ||||||
ORIX Corp. | 8,130 | 1,109 | ||||||
Osaka Gas Co., Ltd. | 193,000 | 771 | ||||||
Pioneer Corp. | 18,600 | 185 | ||||||
Promise Co., Ltd. | 8,000 | 230 | ||||||
Rakuten, Inc. | 648 | 388 | ||||||
Resona Holdings, Inc.(a) | 485 | 808 | ||||||
Ricoh Co. Ltd. | 59,000 | 970 | ||||||
ROHM Co. Ltd. | 9,300 | 576 | ||||||
Sankyo Co., Ltd. | 5,300 | 315 | ||||||
SANYO Electric Co. Ltd.* | 158,000 | 333 | ||||||
SBI Holdings, Inc. | 924 | 222 | ||||||
Secom Co. Ltd. | 19,300 | 937 | ||||||
Sega Sammy Holdings, Inc.(a) | 20,804 | 220 | ||||||
Seiko Epson Corp.(a) | 12,500 | 337 | ||||||
Sekisui Chemical Co. Ltd. | 46,000 | 278 | ||||||
Sekisui House Ltd.(a) | 44,000 | 407 | ||||||
Seven & I Holdings Co. Ltd. | 59,640 | 1,496 | ||||||
Sharp Corp. | 85,000 | 1,445 | ||||||
Shimamura Co. Ltd. | 2,200 | 189 | ||||||
Shimano, Inc. | 6,800 | 313 | ||||||
Shimizu Corp. | 59,000 | 271 | ||||||
Shin-Etsu Chemical Co. Ltd. | 30,500 | 1,576 | ||||||
Shinsei Bank Ltd.(a) | 96,000 | 317 | ||||||
Shionogi & Co. Ltd. | 30,000 | 512 | ||||||
Shiseido Co., Ltd. | 32,000 | 846 | ||||||
Shizuoka Bank Ltd. (The) | 55,000 | 650 | ||||||
Showa Denko KK | 111,000 | 374 | ||||||
Showa Shell Sekiyu KK(a) | 21,600 | 218 | ||||||
SMC Corp. | 5,400 | 569 | ||||||
Softbank Corp.(a) | 60,800 | 1,102 | ||||||
Sompo Japan Insurance, Inc. | 72,000 | 636 | ||||||
Sony Corp. | 78,900 | 3,143 | ||||||
Stanley Electric Co., Ltd. | 14,400 | 351 | ||||||
Sumitomo Chemical Co. Ltd. | 134,000 | 858 | ||||||
Sumitomo Corp. | 92,400 | 1,217 | ||||||
Sumitomo Electric Industries Ltd. | 59,900 | 759 | ||||||
Sumitomo Heavy Industries Ltd. | 55,000 | 355 | ||||||
Sumitomo Metal Industries Ltd. | 340,000 | 1,290 | ||||||
Sumitomo Metal Mining Co. Ltd. | 48,000 | 893 | ||||||
Sumitomo Mitsui Financial Group, Inc.(a) | 511 | 3,364 | ||||||
Sumitomo Realty & Development Co. Ltd. | 35,000 | 617 | ||||||
Sumitomo Trust & Banking Co. Ltd. (The) | 106,000 | 730 | ||||||
Suruga Bank Ltd. | 22,000 | 277 | ||||||
Suzuken Co. Ltd. | 6,400 | 263 | ||||||
T&D Holdings, Inc. | 17,150 | 898 | ||||||
Taiheiyo Cement Corp. | 97,000 | 234 | ||||||
Taisei Corp. | 95,000 | 242 | ||||||
Taisho Pharmaceutical Co. Ltd. | 14,000 | 278 | ||||||
Taiyo Yuden Co. Ltd.(a) | 12,000 | 117 | ||||||
Takashimaya Co. Ltd.(a) | 29,000 | 326 | ||||||
Takeda Pharmaceutical Co. Ltd. | 61,300 | 3,069 | ||||||
Takefuji Corp. | 11,000 | 233 | ||||||
TDK Corp. | 11,900 | 703 | ||||||
Teijin Ltd. | 83,000 | 350 | ||||||
Terumo Corp. | 16,200 | 845 | ||||||
THK Co. Ltd. | 12,600 | 217 | ||||||
Tobu Railway Co. Ltd.(a) | 78,000 | 416 | ||||||
Toho Co. Ltd. | 11,300 | 265 | ||||||
Tohoku Electric Power Co., Inc. | 38,100 | 931 | ||||||
Tokyo Electric Power Co., Inc. (The) | 90,200 | 2,412 | ||||||
Tokyo Electron Ltd. | 15,600 | 949 | ||||||
Tokyo Gas Co. Ltd.(a) | 194,000 | 784 | ||||||
Tokyu Corp. | 106,000 | 540 | ||||||
TonenGeneral Sekiyu KK | 29,000 | 248 | ||||||
Toppan Printing Co. Ltd. | 56,000 | 650 | ||||||
Toray Industries, Inc.(a) | 116,000 | 753 | ||||||
Toshiba Corp.(a) | 248,000 | 1,657 | ||||||
Tosoh Corp. | 55,000 | 189 | ||||||
TOTO Ltd.(a) | 27,700 | 262 | ||||||
Toyo Seikan Kaisha Ltd.(a) | 16,200 | 308 | ||||||
Toyota Industries Corp. | 13,000 | 462 | ||||||
Toyota Motor Corp. | 207,500 | 10,348 | ||||||
Toyota Tsusho Corp. | 22,300 | 473 | ||||||
Trend Micro, Inc. | 10,500 | 412 | ||||||
Ube Industries Ltd. | 95,000 | 308 | ||||||
Uni-Charm Corp. | 4,200 | 307 | ||||||
UNY Co. Ltd.(a) | 21,000 | 201 | ||||||
Ushio, Inc. | 11,100 | 209 | ||||||
USS Co. Ltd. | 2,890 | 200 | ||||||
Wacoal Corp.(a) | 6,000 | 89 | ||||||
West Japan Railway Co. | 163 | 716 | ||||||
Yahoo Japan Corp. | 1,418 | 737 | ||||||
Yakult Honsha Co. Ltd.(a) | 10,700 | 332 | ||||||
Yamada Denki Co., Ltd. | 7,810 | 674 | ||||||
Yamaha Corp. | 17,500 | 335 |
61
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Japan—continued | ||||||||
Yamaha Motor Co. Ltd. | 18,500 | 340 | ||||||
Yamato Transport Co. Ltd. | 37,000 | 542 | ||||||
Yokogawa Electric Corp. | 20,400 | 204 | ||||||
197,632 | ||||||||
Luxembourg (0.7%) | ||||||||
ArcelorMittal | 78,135 | 6,400 | ||||||
Netherlands (2.6%) | ||||||||
Aegon NV | 104,606 | 1,539 | ||||||
Akzo Nobel NV | 18,114 | 1,453 | ||||||
ASML Holding NV | 31,012 | 763 | ||||||
Fugro NV | 5,029 | 390 | ||||||
Heineken NV | 16,651 | 967 | ||||||
ING Groep NV | 132,425 | 4,959 | ||||||
Koninklijke (Royal) KPN NV | 140,332 | 2,370 | ||||||
Koninklijke Ahold NV* | 95,889 | 1,423 | ||||||
Koninklijke DSM NV(a) | 12,541 | 605 | ||||||
QIAGEN NV* | 14,475 | 300 | ||||||
Randstad Holding NV(a) | 4,676 | 219 | ||||||
Reed Elsevier NV | 54,098 | 1,032 | ||||||
Royal Philips Electronics NV(a) | 77,850 | 2,978 | ||||||
SBM Offshore NV | 12,700 | 410 | ||||||
TPG NV | 31,921 | 1,186 | ||||||
Unilever NV | 111,819 | 3,754 | ||||||
Vedior NV | 15,332 | 445 | ||||||
Wolters Kluwer NV | 25,414 | 673 | ||||||
25,466 | ||||||||
New Zealand (0.4%) | ||||||||
Auckland International Airport Ltd.(a) | 343,127 | 615 | ||||||
Contact Energy Ltd. | 101,063 | 634 | ||||||
Fisher & Paykel Appliances Holdings Ltd. | 47,655 | 88 | ||||||
Fisher & Paykel Healthcare Corp. Ltd. | 89,752 | 207 | ||||||
Fletcher Building Ltd. | 160,322 | 1,057 | ||||||
Kiwi Income Property Trust | 126,169 | 120 | ||||||
Sky City Entertainment Group Ltd. | 158,294 | 459 | ||||||
Telecom Corp. of New Zealand Ltd. | 408,134 | 1,200 | ||||||
4,380 | ||||||||
Norway (1.8%) | ||||||||
Acergy SA | 29,150 | 628 | ||||||
Aker Kvaerner ASA* | 24,140 | 550 | ||||||
Det Norske Oljeselskap ASA*(a) | 63,200 | 113 | ||||||
DnB NOR ASA | 107,540 | 1,633 | ||||||
Frontline Ltd.(a) | 4,300 | 197 | ||||||
Norske Skogindustrier ASA(a) | 91,300 | 1,331 | ||||||
Orkla ASA | 125,940 | 1,596 | ||||||
Petroleum Geo-Services ASA(a) | 25,102 | 621 | ||||||
Renewable Energy Corp. ASA* | 22,800 | 636 | ||||||
Schibsted ASA | 3,850 | 115 | ||||||
SeaDrill Ltd.(a) | 38,700 | 1,038 | ||||||
Statoil ASA | 166,290 | 4,984 | ||||||
Storebrand ASA | 65,000 | 512 | ||||||
Tandberg ASA | 8,894 | 133 | ||||||
Telenor ASA(a) | 112,400 | 2,153 | ||||||
Tomra Systems ASA(a) | 12,150 | 92 | ||||||
Yara International ASA(a) | 26,640 | 1,541 | ||||||
17,873 | ||||||||
Portugal (0.9%) | ||||||||
Banco BPI SA | 56,285 | 298 | ||||||
Banco Comercial Portugues SA | 398,463 | 1,296 | ||||||
Banco Espirito Santo SA | 56,511 | 982 | ||||||
Brisa-Auto-estradas de Portugal SA | 75,348 | 1,076 | ||||||
CIMPOR-Cimentos de Portugal, SGPS, SA | 49,768 | 451 | ||||||
Energias de Portugal SA | 352,729 | 2,138 | ||||||
Jeronimo Martins SGPS SA | 23,736 | 191 | ||||||
Portugal Telecom SGPS SA | 139,858 | 1,625 | ||||||
PT Multimedia-Servicos de Telecomunicacoes e Multimedia, SGPS, SA | 58,403 | 692 | ||||||
Sonae, SGPS, SA | 197,491 | 363 | ||||||
9,112 | ||||||||
Singapore (0.6%) | ||||||||
Capitaland Ltd. | 120,000 | 554 | ||||||
City Developments, Ltd. | 35,000 | 280 | ||||||
DBS Group Holdings Ltd. | 69,467 | 909 | ||||||
Keppel Corp. Ltd. | 76,000 | 547 | ||||||
Oversea-Chinese Banking Corp., Ltd. | 146,700 | 863 | ||||||
Singapore Airlines, Ltd. | 30,800 | 349 | ||||||
Singapore Press Holdings Ltd. | 88,750 | 297 | ||||||
Singapore Telecommunications Ltd. | 460,660 | 1,309 | ||||||
United Overseas Bank Ltd. | 72,000 | 1,001 |
62
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Singapore—continued | ||||||||
UOL Group Ltd. | 36,300 | 102 | ||||||
Venture Corp. Ltd. | 16,000 | 123 | ||||||
6,334 | ||||||||
Spain (6.6%) | ||||||||
Abertis Infraestructuras SA(a) | 35,209 | 1,147 | ||||||
Acciona SA | 3,961 | 1,061 | ||||||
Acerinox SA(a) | 24,726 | 685 | ||||||
Actividades de Construccion y Servicios SA (ACS)(a) | 25,543 | 1,454 | ||||||
Antena 3 de Television SA(a) | 14,464 | 199 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 405,531 | 8,930 | ||||||
Banco de Sabadell SA(a) | 83,695 | 918 | ||||||
Banco Popular Espanol SA(a) | 111,356 | 2,021 | ||||||
Banco Santander Central Hispano SA | 676,296 | 13,473 | ||||||
Cintra Concesiones de Infraestructuras de Transporte SA(a) | 33,069 | 489 | ||||||
Corporacion Mapfre | 81,800 | 411 | ||||||
Criteria Caixacorp SA | 79,488 | 546 | ||||||
Enagas | 20,323 | 607 | ||||||
Fomento de Construcciones y Contratas SA | 7,204 | 474 | ||||||
Gamesa Corporacion Tecnologica SA | 23,592 | 1,076 | ||||||
Gas Natural SDG SA(a) | 14,902 | 922 | ||||||
Grupo Ferrovial SA(a) | 8,744 | 635 | ||||||
Iberdrola Renovables* | 80,782 | 562 | ||||||
Iberdrola SA | 409,292 | 6,345 | ||||||
Iberia Lineas Aereas de Espana SA | 81,447 | 355 | ||||||
Indra Sistemas SA(a) | 17,643 | 508 | ||||||
Industria de Diseno Textil SA(a) | 27,000 | 1,500 | ||||||
Promotora de Informaciones SA(a) | 13,133 | 198 | ||||||
Red Electrica de Espana | 17,651 | 1,081 | ||||||
Repsol YPF SA | 91,421 | 3,155 | ||||||
Sacyr Vallehermoso Group SA(a) | 13,702 | 476 | ||||||
Telefonica SA | 465,574 | 13,376 | ||||||
Union Fenosa SA | 14,772 | 993 | ||||||
Zeltia SA | 13,917 | 102 | ||||||
63,699 | ||||||||
Sweden (1.8%) | ||||||||
ASSA ABLOY AB(a) | 22,600 | 410 | ||||||
Atlas Copco AB, Cl A(a) | 47,600 | 813 | ||||||
Atlas Copco AB, Cl B(a) | 26,882 | 422 | ||||||
Boliden AB | 24,150 | 257 | ||||||
Electrolux AB, Ser B(a) | 17,900 | 294 | ||||||
Getinge AB, Cl B(a) | 13,400 | 348 | ||||||
H&M Hennes & Mauritz AB | 26,000 | 1,598 | ||||||
Husqvarna AB, Cl B(a) | 20,000 | 241 | ||||||
Nordea Bank AB(a) | 122,600 | 1,988 | ||||||
Sandvik AB | 62,500 | 1,086 | ||||||
Scania AB | 25,508 | 536 | ||||||
Securitas AB, Cl B(a) | 25,000 | 330 | ||||||
Securitas Systems AB, Cl B | 11,000 | 32 | ||||||
Skandinaviska Enskilda Banken AB* | 31,800 | 833 | ||||||
Skanska AB, Cl B | 27,900 | 559 | ||||||
SKF AB, Cl B | 27,400 | 551 | ||||||
SSAB Svenskt Stal AB, Ser A(a) | 14,800 | 416 | ||||||
Svenska Cellulosa AB, Cl. B* | 19,100 | 348 | ||||||
Svenska Handelsbanken AB, Cl A | 34,400 | 1,002 | ||||||
Swedish Match AB | 18,400 | 401 | ||||||
Tele2 AB, Cl B | 21,600 | 408 | ||||||
Telefonaktiebolaget LM Ericsson | 896,800 | 1,760 | ||||||
TeliaSonera AB(a) | 133,500 | 1,072 | ||||||
Volvo AB, Cl A(a) | 31,485 | 469 | ||||||
Volvo AB, Cl B | 64,550 | 978 | ||||||
17,152 | ||||||||
Switzerland (2.1%) | ||||||||
ABB, Ltd. | 48,024 | 1,289 | ||||||
Adecco SA | 4,224 | 244 | ||||||
Compagnie Financiere Richemont SA | 14,338 | 804 | ||||||
Credit Suisse Group | 25,518 | 1,299 | ||||||
Holcim Ltd. | 5,322 | 559 | ||||||
Nestle SA | 7,985 | 3,991 | ||||||
Nobel Biocare Holding AG | 760 | 177 | ||||||
Novartis AG | 45,622 | 2,339 | ||||||
Roche Holding AG | 14,545 | 2,738 | ||||||
STMicroelectronics NV(a) | 63,878 | 680 | ||||||
Swiss Re(a) | 8,351 | 730 | ||||||
Swisscom AG | 718 | 246 | ||||||
Syngenta AG | 2,671 | 783 |
63
International Equity Index Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Switzerland—continued | ||||||||
UBS AG | 50,762 | 1,475 | ||||||
Xstrata PLC | 26,090 | 1,826 | ||||||
Zurich Financial Services AG(a) | 3,189 | 1,005 | ||||||
20,185 | ||||||||
United Kingdom (10.7%) | ||||||||
3i Group PLC | 18,658 | 307 | ||||||
Allied Irish Banks PLC | 10,760 | 228 | ||||||
Anglo American PLC | 52,264 | 3,140 | ||||||
AstraZeneca PLC | 58,238 | 2,177 | ||||||
Aviva PLC | 103,080 | 1,263 | ||||||
BAE Systems PLC | 155,677 | 1,499 | ||||||
Barclays PLC | 269,380 | 2,422 | ||||||
Barratt Developments PLC | 17,427 | 143 | ||||||
BG Group PLC | 142,079 | 3,290 | ||||||
BHP Billiton PLC | 91,344 | 2,710 | ||||||
Biffa PLC | 10,474 | 72 | ||||||
BP PLC | 744,051 | 7,560 | ||||||
British American Tobacco PLC | 59,541 | 2,234 | ||||||
British Energy Group PLC | 43,000 | 557 | ||||||
British Land Co. PLC (The) | 25,812 | 470 | ||||||
British Sky Broadcasting Group PLC | 54,813 | 605 | ||||||
BT Group PLC | 334,661 | 1,443 | ||||||
Bunzl PLC | 16,806 | 237 | ||||||
Burberry Group PLC | 23,966 | 214 | ||||||
Cadbury Schweppes PLC | 89,118 | 979 | ||||||
Capita Group PLC | 29,586 | 398 | ||||||
Carnival PLC | 8,612 | 342 | ||||||
Centrica PLC | 176,925 | 1,047 | ||||||
Compass Group PLC | 93,623 | 599 | ||||||
CRH PLC | 2,431 | 92 | ||||||
Daily Mail & General Trust PLC | 14,668 | 126 | ||||||
Diageo PLC | 95,053 | 1,916 | ||||||
DSG International PLC | 105,592 | 133 | ||||||
Enterprise Inns PLC | 24,799 | 197 | ||||||
Experian Group Ltd. | 51,122 | 372 | ||||||
Friends Provident PLC | 92,012 | 226 | ||||||
GKN PLC | 34,813 | 210 | ||||||
GlaxoSmithKline PLC | 213,220 | 4,510 | ||||||
Hammerson PLC | 14,123 | 312 | ||||||
Hays PLC | 72,491 | 164 | ||||||
HBOS PLC | 155,009 | 1,723 | ||||||
Home Retail Group PLC | 44,118 | 229 | ||||||
HSBC Holdings PLC | 430,873 | 7,097 | ||||||
ICAP PLC | 25,085 | 283 | ||||||
Imperial Tobacco Group PLC | 30,358 | 1,396 | ||||||
InterContinental Hotels Group PLC | 15,299 | 231 | ||||||
International Power PLC | 72,172 | 570 | ||||||
ITV PLC | 192,592 | 242 | ||||||
J Sainsbury PLC | 76,939 | 524 | ||||||
Johnson Matthey PLC | 10,850 | 432 | ||||||
Kingfisher PLC | 118,555 | 311 | ||||||
Land Securities Group PLC | 22,409 | 671 | ||||||
Legal & General Group PLC | 263,352 | 661 | ||||||
Liberty International PLC | 12,575 | 243 | ||||||
Lloyds TSB Group PLC | 231,259 | 2,070 | ||||||
Man Group PLC | 77,508 | 853 | ||||||
Man Group PLC — Deferred Shares(b)(c) | 88,581 | — | ||||||
Marks & Spencer Group PLC | 81,856 | 629 | ||||||
Mondi Ltd. | 17,442 | 145 | ||||||
National Grid PLC | 115,792 | 1,589 | ||||||
Next PLC | 10,148 | 229 | ||||||
Old Mutual PLC | 251,643 | 552 | ||||||
Pearson PLC | 39,938 | 540 | ||||||
Persimmon PLC | 15,338 | 233 | ||||||
Prudential PLC | 100,402 | 1,326 | ||||||
Punch Taverns PLC | 15,767 | 169 | ||||||
Reckitt Benckiser Group PLC | 25,804 | 1,429 | ||||||
Reed Elsevier PLC | 52,968 | 674 | ||||||
Rentokil Initial PLC | 89,852 | 173 | ||||||
Resolution PLC | 24,111 | 328 | ||||||
Reuters Group PLC | 60,781 | 700 | ||||||
Rio Tinto PLC(a) | 38,979 | 4,048 | ||||||
Rolls-Royce PLC | 89,282 | 714 | ||||||
Rolls-Royce PLC, Cl B | 3,606,992 | 7 | ||||||
Royal & Sun Alliance Insurance Group PLC | 153,921 | 393 | ||||||
Royal Bank of Scotland Group PLC (The) | 420,708 | 2,816 | ||||||
Royal Dutch Shell PLC, Cl A | 131,805 | 4,543 | ||||||
Royal Dutch Shell PLC, Cl B | 105,913 | 3,565 | ||||||
SABMiller PLC | 39,318 | 861 | ||||||
Sage Group PLC (The) | 65,479 | 244 | ||||||
Scottish & Newcastle PLC | 38,633 | 606 | ||||||
Scottish & Southern Energy PLC | 41,643 | 1,160 | ||||||
Segro PLC | 21,576 | 217 | ||||||
Severn Trent PLC | 11,544 | 325 | ||||||
Smith & Nephew PLC | 43,895 | 581 | ||||||
Smiths Group PLC | 18,934 | 353 | ||||||
Standard Chartered PLC | 31,107 | 1,063 | ||||||
Standard Life PLC | 74,777 | 365 | ||||||
Tate & Lyle PLC | 23,905 | 256 |
64
International Equity Index Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
United Kingdom—continued | ||||||||
Tesco PLC | 316,236 | 2,378 | ||||||
Tomkins PLC | 52,405 | 186 | ||||||
Tullow Oil PLC | 30,958 | 406 | ||||||
Unilever PLC | 53,730 | 1,812 | ||||||
United Business Media PLC | 14,507 | 155 | ||||||
United Utilities PLC | 43,456 | 595 | ||||||
Vodafone Group PLC | 2,058,959 | 6,165 | ||||||
Whitbread PLC | 9,884 | 229 | ||||||
William Hill Organization Ltd. | 20,662 | 154 | ||||||
Wolseley PLC | 32,648 | 343 | ||||||
WPP Group PLC | 55,229 | 659 | ||||||
Yell Group PLC | 38,591 | 118 | ||||||
103,763 | ||||||||
Total Foreign Common Stocks | 944,473 | |||||||
Foreign Preferred Stocks (0.8%) | ||||||||
Germany (0.7%) | ||||||||
Fresenius AG, 1.510% | 4,546 | 381 | ||||||
Fresenius Medical Care AG, 1.230% | 27,672 | 1,389 | ||||||
Porsche AG, 5.000% | 12,280 | 2,252 | ||||||
ProSiebenSat.1 Media AG, 0.840% | 13,959 | 303 | ||||||
RWE AG, 1.750% | 4,510 | 431 | ||||||
Volkswagen AG, 1.210% | 14,633 | 2,426 | ||||||
7,182 | ||||||||
Italy (0.1%) | ||||||||
Compagnia Assicuratrice Unipol SpA, 0.125%(a) | 202,772 | 582 | ||||||
Total Foreign Preferred Stocks | 7,764 | |||||||
Exchange Traded Funds (1.3%) | ||||||||
iShares MSCI EAFE Index Fund(a) | �� | 127,000 | 9,131 | |||||
iShares MSCI Germany Index Fund(a) | 37,000 | 1,166 | ||||||
iShares MSCI Italy Index Fund | 24,000 | 709 | ||||||
iShares MSCI Japan Index Fund(a) | 55,000 | 681 | ||||||
iShares MSCI Spain Index Fund(a) | 7,000 | 430 | ||||||
Total Exchange Traded Funds | 12,117 | |||||||
Rights — Foreign (0.0%) | ||||||||
Japan (0.0%) | ||||||||
Dowa Mining Rights(b)(c) | 25,000 | — | ||||||
Total Rights — Foreign | — | |||||||
Short-Term Investments (13.2%) | ||||||||
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep | 2,365,741 | 2,366 | ||||||
Credit Suisse Enhanced Liquidity Fund(d) | 126,005,442 | 126,005 | ||||||
Total Short-Term Investments | 128,371 | |||||||
Total Investments (Cost $790,965)(e) — 112.6% | 1,092,725 | |||||||
Liabilities in excess of other assets — (12.6)% | (121,988 | ) | ||||||
Net Assets — 100.0% | $ | 970,737 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $119,968. | |
(b) | Fair Value is Zero. | |
(c) | Valued at fair value using methods determined by the Board. Fair valued securities held by the Fund represent 0.0% of net assets as of March 31, 2008. | |
(d) | This security was purchased with cash collateral held from securities lending. | |
(e) | Represents cost for financial reporting purposes. |
ADR | — American Depositary Receipt | |
PPS | — Partially Protected Shares | |
REIT | — Real Estate Investment Trust |
Consumer Discretionary | 11.8% | |||
Consumer Staples | 6.2% | |||
Energy | 7.2% | |||
Financials | 27.3% | |||
Health Care | 4.3% | |||
Industrials | 12.4% | |||
Information Technology | 5.1% | |||
Materials | 9.4% | |||
Metals | 0.4% | |||
Short-Term Investments | 14.5% | |||
Telecommunication Services | 6.1% | |||
Transportation | 0.1% | |||
Utilities | 7.8% |
65
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (98.4%) | ||||||||
Consumer Discretionary (8.9%) | ||||||||
Home Depot, Inc. (The) | 325,000 | 9,090 | ||||||
McDonald’s Corp. | 350,000 | 19,520 | ||||||
McGraw-Hill Cos., Inc. (The) | 320,000 | 11,824 | ||||||
Omnicom Group, Inc. | 300,000 | 13,254 | ||||||
Sony Corp. ADR | 325,000 | 13,023 | ||||||
Target Corp.(a) | 250,000 | 12,670 | ||||||
Time Warner, Inc. | 1,300,000 | 18,226 | ||||||
Walt Disney Co. (The)(a) | 625,000 | 19,612 | ||||||
117,219 | ||||||||
Consumer Staples (12.6%) | ||||||||
Anheuser-Busch Cos., Inc. | 300,000 | 14,235 | ||||||
Cadbury Schweppes PLC ADR | 500,000 | 22,110 | ||||||
Clorox Co. (The) | 243,000 | 13,764 | ||||||
ConAgra Foods, Inc.(a) | 100,000 | 2,395 | ||||||
CVS Caremark Corp. | 650,000 | 26,331 | ||||||
Kraft Foods, Inc. | 750,000 | 23,258 | ||||||
PepsiCo, Inc. | 300,000 | 21,660 | ||||||
Procter & Gamble Co. (The) | 350,000 | 24,524 | ||||||
Wal-Mart Stores, Inc.(a) | 350,000 | 18,438 | ||||||
166,715 | ||||||||
Energy (10.7%) | ||||||||
Anadarko Petroleum Corp. | 375,000 | 23,636 | ||||||
Baker Hughes, Inc.(a) | 300,000 | 20,550 | ||||||
Chevron Corp. | 325,000 | 27,742 | ||||||
Exxon Mobil Corp. | 425,000 | 35,946 | ||||||
Halliburton Co.(a) | 475,000 | 18,682 | ||||||
Valero Energy Corp. | 300,000 | 14,733 | ||||||
141,289 | ||||||||
Financials (15.2%) | ||||||||
American International Group, Inc.(a) | 450,000 | 19,463 | ||||||
Ameriprise Financial, Inc.(a) | 400,000 | 20,740 | ||||||
Bank of America Corp. | 550,000 | 20,850 | ||||||
Berkshire Hathaway, Inc., Cl B* | 4,500 | 20,128 | ||||||
JPMorgan Chase & Co. | 350,000 | 15,033 | ||||||
Legg Mason, Inc.(a) | 84,199 | 4,713 | ||||||
MetLife, Inc.(a) | 375,000 | 22,597 | ||||||
Morgan Stanley(a) | 400,000 | 18,280 | ||||||
Principal Financial Group, Inc.(a) | 400,000 | 22,288 | ||||||
State Street Corp.(a) | 250,000 | 19,750 | ||||||
Wells Fargo & Co.(a) | 575,000 | 16,733 | ||||||
200,575 | ||||||||
Health Care (10.9%) | ||||||||
Abbott Laboratories | 325,000 | 17,924 | ||||||
Bristol-Myers Squibb Co.(a) | 1,100,000 | 23,430 | ||||||
Cardinal Health, Inc. | 222,000 | 11,657 | ||||||
Covidien Ltd.(a) | 500,000 | 22,125 | ||||||
Johnson & Johnson | 300,000 | 19,461 | ||||||
Medtronic, Inc. | 375,000 | 18,139 | ||||||
Schering-Plough Corp. | 1,000,000 | 14,410 | ||||||
UnitedHealth Group, Inc. | 500,000 | 17,180 | ||||||
144,326 | ||||||||
Industrials (12.1%) | ||||||||
3M Co. | 100,000 | 7,915 | ||||||
Burlington Northern Santa Fe Corp. | 140,000 | 12,911 | ||||||
Eaton Corp. | 115,000 | 9,162 | ||||||
Emerson Electric Co. | 300,000 | 15,438 | ||||||
Equifax, Inc.(a) | 500,000 | 17,240 | ||||||
General Electric Co.(a) | 1,000,000 | 37,010 | ||||||
Goodrich Corp. | 350,000 | 20,128 | ||||||
Tyco International Ltd. | 450,000 | 19,823 | ||||||
United Technologies Corp. | 300,000 | 20,646 | ||||||
160,273 | ||||||||
Information Technology (20.2%) | ||||||||
Accenture Ltd., Cl A(a) | 650,000 | 22,861 | ||||||
Cisco Systems, Inc.* | 1,500,000 | 36,135 | ||||||
Dell, Inc.* | 700,000 | 13,944 | ||||||
eBay, Inc.* | 575,000 | 17,158 | ||||||
Hewlett-Packard Co. | 400,000 | 18,264 | ||||||
Intel Corp. | 1,000,000 | 21,180 | ||||||
Microsoft Corp.(a) | 1,000,000 | 28,380 | ||||||
Nokia Corp. ADR | 688,000 | 21,899 | ||||||
Oracle Corp.* | 1,000,000 | 19,560 | ||||||
Paychex, Inc.(a) | 450,000 | 15,417 | ||||||
Texas Instruments, Inc. | 400,000 | 11,308 | ||||||
Tyco Electronics Ltd. | 700,000 | 24,024 | ||||||
Western Union Co. | 800,000 | 17,016 | ||||||
267,146 | ||||||||
66
Large Cap Core Equity Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Materials (1.9%) | ||||||||
Freeport-McMoRan Copper & Gold, Inc.(a) | 50,000 | 4,811 | ||||||
Praxair, Inc.(a) | 250,000 | 21,058 | ||||||
25,869 | ||||||||
Telecommunication Services (2.8%) | ||||||||
AT&T, Inc. | 958,000 | 36,691 | ||||||
Utilities (3.1%) | ||||||||
Duke Energy Corp.(a) | 1,185,000 | 21,152 | ||||||
Edison International(a) | 400,000 | 19,608 | ||||||
40,760 | ||||||||
Total Common Stocks | 1,300,863 | |||||||
Short-Term Investment (16.2%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 214,325,391 | 214,325 | ||||||
Total Short-Term Investment | 214,325 | |||||||
Money Market Fund (1.0%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 12,803,351 | 12,803 | ||||||
Total Money Market Fund | 12,803 | |||||||
Total Investments (Cost $1,397,464)(d) — 115.6% | 1,527,991 | |||||||
Liabilities in excess of other assets — (15.6)% | (206,343 | ) | ||||||
Net Assets — 100.0% | $ | 1,321,648 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $210,118. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. | |
ADR | — American Depositary Receipt |
67
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (96.6%) | ||||||||
Consumer Discretionary (8.6%) | ||||||||
GameStop Corp., Cl A*(a) | 188,425 | 9,744 | ||||||
International Game Technology(a) | 244,225 | 9,820 | ||||||
Johnson Controls, Inc.(a) | 319,350 | 10,794 | ||||||
McDonald’s Corp. | 269,750 | 15,044 | ||||||
NIKE, Inc., Cl B(a) | 186,250 | 12,665 | ||||||
Target Corp.(a) | 92,811 | 4,704 | ||||||
62,771 | ||||||||
Consumer Staples (15.5%) | ||||||||
Altria Group, Inc. | 73,400 | 1,629 | ||||||
Anheuser-Busch Cos., Inc. | 214,684 | 10,187 | ||||||
Avon Products, Inc. | 253,273 | 10,014 | ||||||
Colgate-Palmolive Co.(a) | 176,921 | 13,784 | ||||||
Costco Wholesale Corp.(a) | 152,395 | 9,901 | ||||||
CVS Caremark Corp. | 293,400 | 11,886 | ||||||
Owens-Illinois, Inc.* | 79,000 | 4,458 | ||||||
PepsiCo, Inc. | 257,954 | 18,624 | ||||||
Philip Morris International, Inc.* | 73,400 | 3,713 | ||||||
Procter & Gamble Co. (The) | 276,239 | 19,356 | ||||||
TJX Cos., Inc. (The)(a) | 282,100 | 9,329 | ||||||
112,881 | ||||||||
Energy (8.9%) | ||||||||
Cameron International Corp.*(a) | 189,600 | 7,895 | ||||||
Exxon Mobil Corp. | 154,590 | 13,075 | ||||||
Halliburton Co. | 324,811 | 12,775 | ||||||
Schlumberger Ltd.(a) | 191,362 | 16,648 | ||||||
Transocean, Inc.*(a) | 106,952 | 14,460 | ||||||
64,853 | ||||||||
Financials (8.7%) | ||||||||
AFLAC, Inc.(a) | 251,625 | 16,343 | ||||||
Goldman Sachs Group, Inc. (The) | 62,055 | 10,263 | ||||||
MasterCard, Inc., Cl A(a) | 48,565 | 10,830 | ||||||
State Street Corp.(a) | 171,580 | 13,555 | ||||||
Visa, Inc., Cl A* | 97,021 | 6,050 | ||||||
Wells Fargo & Co.(a) | 225,700 | 6,568 | ||||||
63,609 | ||||||||
Health Care (15.2%) | ||||||||
Aetna, Inc.(a) | 192,975 | 8,122 | ||||||
Allergan, Inc. | 196,375 | 11,074 | ||||||
Baxter International, Inc. | 315,568 | 18,246 | ||||||
Covance, Inc.* | 49,660 | 4,120 | ||||||
Express Scripts, Inc.* | 208,780 | 13,429 | ||||||
Gilead Sciences, Inc.*(a) | 369,075 | 19,019 | ||||||
Johnson & Johnson | 242,399 | 15,725 | ||||||
Merck & Co., Inc.(a) | 398,375 | 15,118 | ||||||
Millennium Pharmaceuticals, Inc.*(a) | 366,775 | 5,670 | ||||||
110,523 | ||||||||
Industrials (11.6%) | ||||||||
Boeing Co. (The) | 104,643 | 7,782 | ||||||
Deere & Co. | 133,150 | 10,711 | ||||||
Emerson Electric Co. | 265,679 | 13,672 | ||||||
Fluor Corp. | 51,930 | 7,330 | ||||||
Honeywell International, Inc. | 258,871 | 14,606 | ||||||
Raytheon Co.(a) | 224,149 | 14,482 | ||||||
Roper Industries, Inc. | 73,400 | 4,363 | ||||||
SPX Corp.(a) | 42,900 | 4,500 | ||||||
Waters Corp.*(a) | 119,653 | 6,665 | ||||||
84,111 | ||||||||
Information Technology (23.0%) | ||||||||
Adobe Systems, Inc.*(a) | 304,675 | 10,843 | ||||||
Apple, Inc.* | 64,295 | 9,226 | ||||||
Cisco Systems, Inc.* | 457,318 | 11,017 | ||||||
Google, Inc., Cl A* | 36,553 | 16,101 | ||||||
Hewlett-Packard Co. | 445,756 | 20,353 | ||||||
Intel Corp. | 498,850 | 10,566 | ||||||
International Business Machines Corp. | 75,612 | 8,706 | ||||||
Juniper Networks, Inc.*(a) | 285,525 | 7,138 | ||||||
MEMC Electronic Materials, Inc.* | 149,875 | 10,626 | ||||||
Microsoft Corp. | 733,822 | 20,826 | ||||||
Oracle Corp.* | 604,663 | 11,827 | ||||||
QUALCOMM, Inc. | 398,400 | 16,334 | ||||||
Research In Motion Ltd.* | 63,210 | 7,094 | ||||||
Western Digital Corp.*(a) | 239,220 | 6,469 | ||||||
167,126 | ||||||||
Materials (3.8%) | ||||||||
Arch Coal, Inc. | 97,100 | 4,224 | ||||||
Monsanto Co. | 100,400 | 11,194 | ||||||
Praxair, Inc.(a) | 146,905 | 12,374 | ||||||
27,792 | ||||||||
68
Large Cap Growth Stock Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Transportation (1.3%) | ||||||||
Union Pacific Corp.(a) | 74,500 | 9,341 | ||||||
Total Common Stocks | 703,007 | |||||||
Short-Term Investment (26.3%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 191,106,320 | 191,106 | ||||||
Total Short-Term Investment | 191,106 | |||||||
Money Market Fund (4.1%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 29,934,361 | 29,934 | ||||||
Total Money Market Fund | 29,934 | |||||||
Total Investments (Cost $851,404)(d) — 127.0% | 924,047 | |||||||
Liabilities in excess of other assets — (27.0)% | (196,690 | ) | ||||||
Net Assets — 100.0% | $ | 727,357 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $186,031. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
69
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (99.0%) | ||||||||
Consumer Discretionary (8.0%) | ||||||||
Apollo Group, Inc., Cl A* | 21,558 | 931 | ||||||
AutoZone, Inc.* | 9,722 | 1,107 | ||||||
Avnet, Inc.* | 48,559 | 1,589 | ||||||
Best Buy Co., Inc. | 31,172 | 1,292 | ||||||
GameStop Corp., Cl A* | 26,280 | 1,359 | ||||||
Garmin, Ltd. | 18,210 | 984 | ||||||
Hasbro, Inc. | 41,903 | 1,169 | ||||||
Johnson Controls, Inc. | 43,226 | 1,461 | ||||||
Loews Corp. — Carolina Group | 33,927 | 2,462 | ||||||
NIKE, Inc., Cl B | 25,130 | 1,709 | ||||||
Omnicom Group, Inc. | 29,727 | 1,313 | ||||||
Polo Ralph Lauren Corp. | 18,229 | 1,063 | ||||||
VF Corp. | 15,085 | 1,169 | ||||||
YUM! Brands, Inc. | 39,535 | 1,471 | ||||||
19,079 | ||||||||
Consumer Staples (11.4%) | ||||||||
ConAgra Foods, Inc. | 126,686 | 3,034 | ||||||
Gap, Inc. (The) | 60,289 | 1,187 | ||||||
H.J. Heinz Co. | 64,922 | 3,049 | ||||||
Hormel Foods Corp. | 61,884 | 2,578 | ||||||
Kroger Co. (The) | 116,893 | 2,969 | ||||||
Molson Coors Brewing Co., Cl B | 51,553 | 2,710 | ||||||
Owens-Illinois, Inc.* | 32,632 | 1,841 | ||||||
Procter & Gamble Co. (The) | 103,283 | 7,237 | ||||||
RadioShack Corp. | 63,724 | 1,036 | ||||||
TJX Cos., Inc. (The) | 40,356 | 1,335 | ||||||
26,976 | ||||||||
Energy (13.0%) | ||||||||
Chevron Corp. | 60,378 | 5,154 | ||||||
ConocoPhillips | 51,081 | 3,893 | ||||||
Devon Energy Corp. | 23,393 | 2,441 | ||||||
ENSCO International, Inc. | 26,246 | 1,643 | ||||||
Exxon Mobil Corp. | 130,484 | 11,036 | ||||||
FMC Technologies, Inc.* | 24,850 | 1,414 | ||||||
Noble Energy, Inc. | 21,638 | 1,575 | ||||||
Occidental Petroleum Corp. | 35,863 | 2,624 | ||||||
ONEOK, Inc. | 23,792 | 1,062 | ||||||
30,842 | ||||||||
Financials (10.8%) | ||||||||
ACE, Ltd. | 41,725 | 2,297 | ||||||
AFLAC, Inc. | 40,429 | 2,626 | ||||||
Annaly Capital Management, Inc. REIT | 100,654 | 1,542 | ||||||
BlackRock, Inc., Cl A | 9,466 | 1,933 | ||||||
Equity Residential REIT | 55,102 | 2,286 | ||||||
Federated Investors, Inc., Cl B | 49,078 | 1,922 | ||||||
Janus Capital Group, Inc. | 84,859 | 1,975 | ||||||
MetLife, Inc. | 48,373 | 2,915 | ||||||
Northern Trust Corp. | 31,635 | 2,103 | ||||||
Public Storage, Inc. REIT | 26,296 | 2,330 | ||||||
TD Ameritrade Holding Corp.* | 107,272 | 1,771 | ||||||
Torchmark Corp. | 33,927 | 2,039 | ||||||
25,739 | ||||||||
Health Care (11.6%) | ||||||||
Applera Corp. — Applied Biosystems Group | 72,325 | 2,377 | ||||||
C.R. Bard, Inc. | 26,856 | 2,589 | ||||||
Eli Lilly & Co. | 66,874 | 3,450 | ||||||
Express Scripts, Inc.* | 42,584 | 2,739 | ||||||
Humana, Inc.* | 37,841 | 1,698 | ||||||
Intuitive Surgical, Inc.* | 8,218 | 2,665 | ||||||
Laboratory Corp. of America Holdings* | 32,111 | 2,366 | ||||||
Pfizer, Inc. | 248,658 | 5,204 | ||||||
Watson Pharmaceuticals, Inc.* | 85,311 | 2,501 | ||||||
WellPoint, Inc.* | 44,142 | 1,948 | ||||||
27,537 | ||||||||
Industrials (12.3%) | ||||||||
AGCO Corp.* | 27,087 | 1,622 | ||||||
Allied Waste Industries, Inc.* | 176,377 | 1,907 | ||||||
Deere & Co. | 29,343 | 2,360 | ||||||
General Dynamics Corp. | 29,916 | 2,494 | ||||||
Honeywell International, Inc. | 46,033 | 2,597 | ||||||
L-3 Communications Holdings, Inc. | 19,524 | 2,135 | ||||||
Leucadia National Corp. | 45,174 | 2,043 | ||||||
Lockheed Martin Corp. | 24,324 | 2,415 | ||||||
Northrop Grumman Corp. | 29,291 | 2,279 | ||||||
Parker Hannifin Corp. | 31,062 | 2,152 | ||||||
Raytheon Co. | 36,360 | 2,349 | ||||||
Ryder System, Inc. | 31,983 | 1,948 | ||||||
Snap-on, Inc. | 22,075 | 1,123 | ||||||
Terex Corp.* | 28,999 | 1,812 | ||||||
29,236 | ||||||||
70
Large Cap Quantitative Equity Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Information Technology (14.9%) | ||||||||
Accenture Ltd., Cl A | 46,982 | 1,652 | ||||||
Activision, Inc.* | 60,334 | 1,648 | ||||||
Affiliated Computer Services, Inc., Cl A* | 34,989 | 1,753 | ||||||
BMC Software, Inc.* | 53,955 | 1,755 | ||||||
Hewlett-Packard Co. | 87,871 | 4,012 | ||||||
International Business Machines Corp. | 43,096 | 4,962 | ||||||
Lexmark International, Inc.* | 51,458 | 1,581 | ||||||
Microsoft Corp. | 226,013 | 6,414 | ||||||
Novell, Inc.* | 264,561 | 1,664 | ||||||
Oracle Corp.* | 170,320 | 3,331 | ||||||
Seagate Technology | 72,315 | 1,514 | ||||||
Sun Microsystems, Inc.* | 117,898 | 1,831 | ||||||
Western Digital Corp.* | 51,612 | 1,396 | ||||||
Xilinx, Inc. | 78,766 | 1,871 | ||||||
35,384 | ||||||||
Insurance (5.0%) | ||||||||
Assurant, Inc. | 32,370 | 1,970 | ||||||
Axis Capital Holdings, Ltd. | 52,431 | 1,782 | ||||||
Chubb Corp. (The) | 46,343 | 2,293 | ||||||
Cincinnati Financial Corp. | 54,953 | 2,090 | ||||||
Everest Re Group Ltd. | 20,215 | 1,810 | ||||||
Unum Group | 93,215 | 2,052 | ||||||
11,997 | ||||||||
Materials (3.8%) | ||||||||
AK Steel Holding Corp. | 32,112 | 1,747 | ||||||
Celanese Corp., Ser A | 44,731 | 1,747 | ||||||
Eastman Chemical Co. | 29,066 | 1,815 | ||||||
Mosaic Co. (The)* | 16,225 | 1,665 | ||||||
Sigma-Aldrich Corp. | 34,267 | 2,044 | ||||||
9,018 | ||||||||
Media (0.6%) | ||||||||
DIRECTV Group, Inc. (The)* | 54,554 | 1,352 | ||||||
Oil & Gas (1.0%) | ||||||||
Apache Corp. | 19,472 | 2,353 | ||||||
Telecommunication Services (3.5%) | ||||||||
AT&T, Inc. | 134,803 | 5,163 | ||||||
Sprint Nextel Corp. | 100,496 | 672 | ||||||
Verizon Communications, Inc. | 68,151 | 2,484 | ||||||
8,319 | ||||||||
Utilities (3.1%) | ||||||||
CenterPoint Energy, Inc. | 85,320 | 1,218 | ||||||
Public Service Enterprise Group, Inc. | 35,371 | 1,422 | ||||||
Questar Corp. | 23,131 | 1,308 | ||||||
Reliant Energy, Inc.* | 46,214 | 1,093 | ||||||
TECO Energy, Inc. | 78,199 | 1,247 | ||||||
Wisconsin Energy Corp. | 25,865 | 1,138 | ||||||
7,426 | ||||||||
Total Common Stocks | 235,258 | |||||||
Money Market Fund (1.4%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(a) | 3,377,557 | 3,378 | ||||||
Total Money Market Fund | 3,378 | |||||||
Total Investments (Cost $241,076)(b) — 100.4% | 238,636 | |||||||
Liabilities in excess of other assets — (0.4)% | (906 | ) | ||||||
Net Assets — 100.0% | $ | 237,730 | ||||||
* | Non-income producing security. | |
(a) | Affiliate investment. | |
(b) | Represents cost for financial reporting purposes. |
REIT | — Real Estate Investment Trust |
71
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (95.4%) | ||||||||
Consumer Discretionary (6.5%) | ||||||||
Darden Restaurants, Inc. | 176,306 | 5,739 | ||||||
Foot Locker, Inc. | 385,050 | 4,532 | ||||||
Harman International Industries, Inc.(a) | 160,650 | 6,995 | ||||||
J.C. Penney Co., Inc. | 185,000 | 6,976 | ||||||
News Corp., Cl A | 591,900 | 11,098 | ||||||
OfficeMax, Inc.(a) | 150,312 | 2,877 | ||||||
Pitney Bowes, Inc. | 290,800 | 10,184 | ||||||
Time Warner, Inc.(a) | 1,054,000 | 14,777 | ||||||
63,178 | ||||||||
Consumer Staples (11.0%) | ||||||||
Campbell Soup Co. | 321,050 | 10,900 | ||||||
Clorox Co. (The) | 269,050 | 15,239 | ||||||
ConAgra Foods, Inc.(a) | 506,350 | 12,127 | ||||||
CVS Caremark Corp. | 209,450 | 8,485 | ||||||
Hershey Co. (The)(a) | 301,800 | 11,369 | ||||||
Home Depot, Inc. (The) | 234,700 | 6,565 | ||||||
Procter & Gamble Co. (The) | 160,350 | 11,236 | ||||||
Safeway, Inc.(a) | 283,800 | 8,329 | ||||||
Sara Lee Corp.(a) | 1,176,850 | 16,452 | ||||||
Wal-Mart Stores, Inc.(a) | 121,950 | 6,424 | ||||||
107,126 | ||||||||
Energy (13.8%) | ||||||||
Baker Hughes, Inc. | 90,400 | 6,192 | ||||||
Chevron Corp. | 335,750 | 28,660 | ||||||
ConocoPhillips | 395,150 | 30,114 | ||||||
Exxon Mobil Corp. | 432,350 | 36,568 | ||||||
Marathon Oil Corp. | 335,100 | 15,281 | ||||||
Talisman Energy, Inc. | 593,600 | 10,507 | ||||||
Tidewater, Inc. | 141,100 | 7,776 | ||||||
135,098 | ||||||||
Financials (23.3%) | ||||||||
American International Group, Inc.(a) | 203,300 | �� | 8,793 | |||||
Bank of America Corp. | 622,800 | 23,610 | ||||||
BB&T Corp.(a) | 290,950 | 9,328 | ||||||
Citigroup, Inc. | 449,929 | 9,637 | ||||||
Genworth Financial, Inc., Cl A(a) | 419,550 | 9,499 | ||||||
Hartford Financial Services Group, Inc. (The)(a) | 232,200 | 17,594 | ||||||
HCC Insurance Holdings, Inc.(a) | 244,550 | 5,549 | ||||||
JPMorgan Chase & Co. | 495,866 | 21,297 | ||||||
Legg Mason, Inc.(a) | 182,700 | 10,228 | ||||||
Lincoln National Corp. | 318,100 | 16,541 | ||||||
Morgan Stanley | 107,358 | 4,906 | ||||||
Northern Trust Corp. | 145,450 | 9,668 | ||||||
PNC Financial Services Group, Inc.(a) | 152,700 | 10,012 | ||||||
Regions Financial Corp.(a) | 727,700 | 14,372 | ||||||
Travelers Cos., Inc. (The) | 357,550 | 17,109 | ||||||
U.S. Bancorp | 267,200 | 8,647 | ||||||
Wachovia Corp.(a) | 556,750 | 15,032 | ||||||
Washington Mutual, Inc.(a) | 618,800 | 6,374 | ||||||
Wells Fargo & Co.(a) | 316,200 | 9,201 | ||||||
227,397 | ||||||||
Health Care (7.9%) | ||||||||
Bristol-Myers Squibb Co. | 341,500 | 7,274 | ||||||
Cardinal Health, Inc. | 153,813 | 8,077 | ||||||
Cooper Cos., Inc. (The)(a) | 153,850 | 5,297 | ||||||
Johnson & Johnson | 224,350 | 14,554 | ||||||
Merck & Co., Inc. | 204,800 | 7,772 | ||||||
Pfizer, Inc. | 1,026,900 | 21,493 | ||||||
Quest Diagnostics, Inc.(a) | 105,400 | 4,771 | ||||||
Wyeth | 184,950 | 7,724 | ||||||
76,962 | ||||||||
Industrials (13.3%) | ||||||||
Eaton Corp. | 101,250 | 8,067 | ||||||
Emerson Electric Co. | 205,254 | 10,562 | ||||||
General Electric Co. | 925,300 | 34,244 | ||||||
Masco Corp.(a) | 322,900 | 6,403 | ||||||
R.R. Donnelley & Sons Co. | 256,600 | 7,778 | ||||||
Rockwell Automation, Inc.(a) | 113,050 | 6,491 | ||||||
Southwest Airlines Co.(a) | 678,350 | 8,412 | ||||||
Tyco Electronics Ltd. | 181,900 | 6,243 | ||||||
United Parcel Service, Inc., Cl B(a) | 168,250 | 12,286 | ||||||
United Technologies Corp. | 159,300 | 10,963 |
72
Large Cap Value Equity Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Industrials—continued | ||||||||
Waste Management, Inc. | 357,700 | 12,004 | ||||||
Weyerhaeuser Co.(a) | 97,650 | 6,351 | ||||||
129,804 | ||||||||
Information Technology (5.2%) | ||||||||
Harris Corp. | 171,675 | 8,331 | ||||||
Intel Corp. | 425,700 | 9,016 | ||||||
International Business Machines Corp. | 79,100 | 9,108 | ||||||
Microsoft Corp. | 287,250 | 8,152 | ||||||
Motorola, Inc.(a) | 864,150 | 8,037 | ||||||
Texas Instruments, Inc.(a) | 283,650 | 8,019 | ||||||
50,663 | ||||||||
Materials (2.3%) | ||||||||
Alcoa, Inc. | 157,500 | 5,679 | ||||||
Ashland, Inc. | 111,779 | 5,287 | ||||||
E.I. du Pont de Nemours & Co. | 122,750 | 5,740 | ||||||
Sonoco Products Co. | 209,832 | 6,008 | ||||||
22,714 | ||||||||
Telecommunication Services (5.0%) | ||||||||
AT&T, Inc. | 736,500 | 28,208 | ||||||
Verizon Communications, Inc.(a) | 566,810 | 20,660 | ||||||
48,868 | ||||||||
Utilities (7.1%) | ||||||||
Dominion Resources, Inc.(a) | 176,086 | 7,191 | ||||||
Duke Energy Corp.(a) | 399,706 | 7,135 | ||||||
Edison International | 167,400 | 8,206 | ||||||
Entergy Corp.(a) | 67,400 | 7,352 | ||||||
FPL Group, Inc.(a) | 104,700 | 6,569 | ||||||
PG&E Corp.(a) | 278,550 | 10,256 | ||||||
Public Service Enterprise Group, Inc.(a) | 159,850 | 6,425 | ||||||
TECO Energy, Inc.(a) | 326,903 | 5,214 | ||||||
Xcel Energy, Inc.(a) | 538,550 | 10,744 | ||||||
69,092 | ||||||||
Total Common Stocks | 930,902 | |||||||
Short Term Investment (19.4%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 188,737,925 | 188,738 | ||||||
Total Short Term Investment | 188,738 | |||||||
Money Market Fund (3.8%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 37,272,329 | 37,272 | ||||||
Total Money Market Fund | 37,272 | |||||||
Total Investments (Cost $1,163,534)(d) — 118.6% | 1,156,912 | |||||||
Liabilities in excess of other assets — (18.6)% | (181,692 | ) | ||||||
Net Assets — 100.0% | $ | 975,220 | ||||||
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $184,366. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
73
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (98.6%) | ||||||||
Consumer Discretionary (12.3%) | ||||||||
Advance Auto Parts, Inc. | 64,761 | 2,205 | ||||||
American Eagle Outfitters, Inc.(a) | 136,451 | 2,389 | ||||||
Darden Restaurants, Inc. | 47,657 | 1,551 | ||||||
International Game Technology(a) | 70,146 | 2,821 | ||||||
J.C. Penney Co., Inc. | 46,365 | 1,748 | ||||||
Jack in the Box, Inc.*(a) | 78,684 | 2,114 | ||||||
Mattel, Inc. | 115,152 | 2,292 | ||||||
McGraw-Hill Cos., Inc. (The) | 44,543 | 1,646 | ||||||
Mohawk Industries, Inc.*(a) | 33,915 | 2,429 | ||||||
Nordstrom, Inc.(a) | 31,608 | 1,030 | ||||||
Omnicom Group, Inc. | 59,359 | 2,623 | ||||||
Whirlpool Corp.(a) | 22,114 | 1,919 | ||||||
24,767 | ||||||||
Consumer Staples (5.8%) | ||||||||
Church & Dwight Co., Inc.(a) | 56,473 | 3,063 | ||||||
Clorox Co. (The) | 46,952 | 2,659 | ||||||
ConAgra Foods, Inc.(a) | 60,346 | 1,445 | ||||||
Pepsi Bottling Group, Inc. (The)(a) | 71,646 | 2,430 | ||||||
Reynolds American, Inc.(a) | 36,729 | 2,168 | ||||||
11,765 | ||||||||
Energy (10.6%) | ||||||||
Anadarko Petroleum Corp. | 46,558 | 2,935 | ||||||
Cameron International Corp.*(a) | 62,703 | 2,611 | ||||||
Chesapeake Energy Corp.(a) | 68,628 | 3,167 | ||||||
Core Laboratories NV* | 18,262 | 2,179 | ||||||
Diamond Offshore Drilling, Inc.(a) | 23,845 | 2,776 | ||||||
Noble Energy, Inc.(a) | 39,785 | 2,896 | ||||||
Patterson-UTI Energy, Inc.(a) | 52,683 | 1,379 | ||||||
Spectra Energy Corp. | 74,000 | 1,683 | ||||||
Tesoro Corp.(a) | 59,521 | 1,786 | ||||||
21,412 | ||||||||
Financials (15.6%) | ||||||||
Ameriprise Financial, Inc. | 56,946 | 2,953 | ||||||
AMB Property | 42,153 | 2,294 | ||||||
Arch Capital Group Ltd.* | 30,174 | 2,072 | ||||||
Discover Financial Services | 95,232 | 1,559 | ||||||
Entertainment Properties Trust REIT(a) | 44,153 | 2,178 | ||||||
Genworth Financial, Inc., Cl A(a) | 84,721 | 1,918 | ||||||
Janus Capital Group, Inc.(a) | 86,960 | 2,023 | ||||||
Jones Lang LaSalle, Inc.(a) | 31,686 | 2,450 | ||||||
M&T Bank Corp.(a) | 29,259 | 2,355 | ||||||
Marshall & Ilsley Corp.(a) | 89,899 | 2,086 | ||||||
Principal Financial Group, Inc.(a) | 59,602 | 3,320 | ||||||
ProLogis(a) | 49,337 | 2,904 | ||||||
Raymond James Financial, Inc.(a) | 68,790 | 1,581 | ||||||
SL Green Realty Corp. REIT(a) | 21,925 | 1,786 | ||||||
31,479 | ||||||||
Health Care (9.8%) | ||||||||
Becton, Dickinson & Co. | 26,252 | 2,254 | ||||||
Celgene Corp.* | 39,027 | 2,392 | ||||||
Endo Pharmaceuticals Holdings, Inc.* | 75,033 | 1,796 | ||||||
Express Scripts, Inc.* | 36,743 | 2,363 | ||||||
Henry Schein, Inc.*(a) | 36,503 | 2,095 | ||||||
Laboratory Corp. of America Holdings*(a) | 28,548 | 2,103 | ||||||
Millipore Corp.*(a) | 28,470 | 1,919 | ||||||
Thermo Fisher Scientific, Inc.* | 42,372 | 2,409 | ||||||
Universal Health Services, Inc., Cl B | 42,865 | 2,302 | ||||||
19,633 | ||||||||
Industrials (15.0%) | ||||||||
Copart, Inc.* | 55,417 | 2,148 | ||||||
Covanta Holding Corp.*(a) | 97,193 | 2,673 | ||||||
CSX Corp. | 48,845 | 2,740 | ||||||
Curtiss-Wright Corp. | 47,133 | 1,955 | ||||||
Dover Corp. | 49,514 | 2,069 | ||||||
Eaton Corp. | 30,333 | 2,416 | ||||||
Equifax, Inc.(a) | 63,760 | 2,198 | ||||||
Goodrich Corp. | 43,743 | 2,516 | ||||||
Ingersoll-Rand Co. Ltd., Cl A(a) | 28,018 | 1,249 | ||||||
L-3 Communications Holdings, Inc.(a) | 22,188 | 2,426 |
74
Mid-Cap Core Equity Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Industrials—continued | ||||||||
PACCAR, Inc.(a) | 49,426 | 2,224 | ||||||
Rockwell Automation, Inc. | 28,825 | 1,655 | ||||||
Toro Co. (The) | 47,158 | 1,952 | ||||||
Trane, Inc.(a) | 45,630 | 2,094 | ||||||
30,315 | ||||||||
Information Technology (15.4%) | ||||||||
BMC Software, Inc.*(a) | 72,111 | 2,345 | ||||||
Cadence Design Systems, Inc.*(a) | 111,477 | 1,190 | ||||||
Harris Corp. | 60,719 | 2,947 | ||||||
Juniper Networks, Inc.*(a) | 101,803 | 2,545 | ||||||
NCR Corp.* | 100,952 | 2,305 | ||||||
Novellus Systems, Inc.*(a) | 109,368 | 2,302 | ||||||
Paychex, Inc.(a) | 72,741 | 2,492 | ||||||
Sybase, Inc.*(a) | 81,264 | 2,137 | ||||||
Teradata Corp.* | 79,957 | 1,764 | ||||||
Total System Services, Inc.(a) | 109,747 | 2,597 | ||||||
Tyco Electronics Ltd. | 75,493 | 2,591 | ||||||
VeriSign, Inc.*(a) | 43,406 | 1,443 | ||||||
VMware, Inc., Cl A*(a) | 7,800 | 334 | ||||||
Western Union Co. | 65,905 | 1,402 | ||||||
Xerox Corp. | 186,006 | 2,785 | ||||||
31,179 | ||||||||
Materials (5.7%) | ||||||||
Air Products & Chemicals, Inc.(a) | 23,000 | 2,116 | ||||||
Albemarle Corp. | 51,614 | 1,885 | ||||||
FMC Corp. | 53,447 | 2,966 | ||||||
Packaging Corp. of America(a) | 91,357 | 2,040 | ||||||
Steel Dynamics, Inc.(a) | 74,306 | 2,455 | ||||||
11,462 | ||||||||
Telecommunication Services (1.4%) | ||||||||
Qwest Communications International, Inc.(a) | 272,696 | 1,235 | ||||||
Telephone & Data Systems, Inc. | 41,170 | 1,617 | ||||||
2,852 | ||||||||
Utilities (6.9%) | ||||||||
American Electric Power Co., Inc. | 65,943 | 2,745 | ||||||
Edison International(a) | 56,505 | 2,770 | ||||||
MDU Resources Group, Inc. | 114,513 | 2,811 | ||||||
OGE Energy Corp. | 84,021 | 2,619 | ||||||
PG&E Corp. | 77,092 | 2,839 | ||||||
13,784 | ||||||||
Total Common Stocks | 198,648 | |||||||
Short-Term Investment (45.4%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 91,392,000 | 91,392 | ||||||
Total Short-Term Investment | 91,392 | |||||||
Money Market Fund (0.6%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 1,193,984 | 1,194 | ||||||
Total Money Market Fund | 1,194 | |||||||
Total Investments (Cost $273,093)(d) — 144.6% | 291,234 | |||||||
Liabilities in excess of other assets — (44.6)% | (89,769 | ) | ||||||
Net Assets — 100.0% | $ | 201,465 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $88,223. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
75
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (95.3%) | ||||||||
Consumer Discretionary (10.2%) | ||||||||
Brunswick Corp.(a) | 72,200 | 1,153 | ||||||
Cooper Tire & Rubber Co.(a) | 124,000 | 1,856 | ||||||
Darden Restaurants, Inc. | 87,300 | 2,842 | ||||||
Foot Locker, Inc. | 406,900 | 4,789 | ||||||
Harman International Industries, Inc.(a) | 96,200 | 4,189 | ||||||
Mattel, Inc. | 102,300 | 2,036 | ||||||
OfficeMax, Inc. | 124,900 | 2,391 | ||||||
Teleflex, Inc. | 84,700 | 4,041 | ||||||
Virgin Media, Inc.(a) | 303,500 | 4,270 | ||||||
27,567 | ||||||||
Consumer Staples (9.8%) | ||||||||
Campbell Soup Co. | 131,900 | 4,478 | ||||||
Clorox Co. (The) | 75,200 | 4,260 | ||||||
ConAgra Foods, Inc.(a) | 116,200 | 2,783 | ||||||
Hershey Co. (The)(a) | 108,900 | 4,102 | ||||||
Safeway, Inc.(a) | 141,400 | 4,150 | ||||||
Sara Lee Corp.(a) | 470,900 | 6,583 | ||||||
26,356 | ||||||||
Energy (8.7%) | ||||||||
Baker Hughes, Inc. | 39,200 | 2,685 | ||||||
BJ Services Co. | 95,900 | 2,734 | ||||||
Spectra Energy Corp. | 125,800 | 2,862 | ||||||
Sunoco, Inc.(a) | 48,400 | 2,540 | ||||||
Talisman Energy, Inc. | 181,400 | 3,211 | ||||||
Tesoro Corp.(a) | 85,000 | 2,550 | ||||||
Tidewater, Inc. | 69,200 | 3,814 | ||||||
Williams Cos., Inc. (The) | 90,365 | 2,980 | ||||||
23,376 | ||||||||
Financials (25.7%) | ||||||||
ACE, Ltd. | 76,000 | 4,185 | ||||||
BB&T Corp.(a) | 102,200 | 3,276 | ||||||
Colonial BancGroup, Inc. (The)(a) | 207,300 | 1,996 | ||||||
Comerica, Inc. | 77,900 | 2,733 | ||||||
DuPont Fabros Technology, Inc. REIT(a) | 250,500 | 4,131 | ||||||
Genworth Financial, Inc., Cl A | 214,200 | 4,849 | ||||||
Hanover Insurance Group, Inc., (The) | 66,000 | 2,715 | ||||||
HCC Insurance Holdings, Inc. | 152,500 | 3,460 | ||||||
Lazard Ltd., Cl A | 81,200 | 3,102 | ||||||
Legg Mason, Inc.(a) | 80,100 | 4,484 | ||||||
Lincoln National Corp. | 114,300 | 5,944 | ||||||
Marshall & Ilsley Corp.(a) | 133,300 | 3,093 | ||||||
Old Republic International Corp.(a) | 231,100 | 2,983 | ||||||
Raymond James Financial, Inc. | 211,000 | 4,848 | ||||||
Regions Financial Corp.(a) | 208,300 | 4,114 | ||||||
SL Green Realty Corp. REIT(a) | 53,500 | 4,359 | ||||||
UCBH Holdings, Inc.(a) | 265,400 | 2,059 | ||||||
Washington Mutual, Inc.(a) | 380,800 | 3,922 | ||||||
Zions Bancorp(a) | 65,000 | 2,961 | ||||||
69,214 | ||||||||
Health Care (6.2%) | ||||||||
Beckman Coulter, Inc. | 29,200 | 1,885 | ||||||
Cardinal Health, Inc. | 81,800 | 4,295 | ||||||
Cooper Cos., Inc. (The)(a) | 126,400 | 4,352 | ||||||
Quest Diagnostics, Inc.(a) | 95,200 | 4,310 | ||||||
STERIS Corp. | 71,600 | 1,921 | ||||||
16,763 | ||||||||
Industrials (10.5%) | ||||||||
Eaton Corp. | 62,500 | 4,979 | ||||||
Ingersoll-Rand Co. Ltd., Cl A(a) | 48,600 | 2,167 | ||||||
Masco Corp.(a) | 109,900 | 2,179 | ||||||
R.R. Donnelley & Sons Co. | 139,400 | 4,225 | ||||||
Rockwell Automation, Inc. | 35,100 | 2,015 | ||||||
Southwest Airlines Co. | 544,400 | 6,751 | ||||||
Tyco Electronics Ltd. | 86,400 | 2,965 | ||||||
Weyerhaeuser Co.(a) | 48,900 | 3,181 | ||||||
28,462 | ||||||||
Information Technology (4.5%) | ||||||||
Electronic Data Systems Corp. | 244,600 | 4,072 | ||||||
Harris Corp. | 43,800 | 2,126 | ||||||
Motorola, Inc. | 291,200 | 2,708 | ||||||
Paychex, Inc.(a) | 94,300 | 3,231 | ||||||
12,137 | ||||||||
Materials (5.9%) | ||||||||
Albemarle Corp. | 38,800 | 1,417 | ||||||
Ashland, Inc. | 84,500 | 3,997 | ||||||
Nalco Holding Co. | 190,900 | 4,038 | ||||||
Sonoco Products Co. | 153,100 | 4,383 | ||||||
Valspar Corp. (The) | 103,700 | 2,057 | ||||||
15,892 | ||||||||
76
Mid-Cap Value Equity Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Materials—continued | ||||||||
Utilities (13.8%) | ||||||||
Allegheny Energy, Inc. | 56,000 | 2,828 | ||||||
American Electric Power Co., Inc. | 68,200 | 2,839 | ||||||
Dominion Resources, Inc. | 88,900 | 3,631 | ||||||
Edison International | 84,400 | 4,137 | ||||||
Entergy Corp. | 27,200 | 2,967 | ||||||
Northeast Utilities Service Co. | 119,500 | 2,933 | ||||||
Pepco Holdings, Inc.(a) | 116,800 | 2,887 | ||||||
PG&E Corp. | 128,500 | 4,731 | ||||||
Public Service Enterprise Group, Inc. | 77,600 | 3,119 | ||||||
Sempra Energy | 82,900 | 4,417 | ||||||
Xcel Energy, Inc.(a) | 136,100 | 2,715 | ||||||
37,204 | ||||||||
Total Common Stocks | 256,971 | |||||||
Short-Term Investment (25.8%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 69,596,650 | 69,597 | ||||||
Total Short-Term Investment | 69,597 | |||||||
Money Market Fund (4.1%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 11,106,485 | 11,106 | ||||||
Total Money Market Fund | 11,106 | |||||||
Total Investments (Cost $358,772)(d) — 125.2% | 337,674 | |||||||
Liabilities in excess of other assets — (25.2)% | (67,873 | ) | ||||||
Net Assets — 100.0% | $ | 269,801 | ||||||
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $68,158. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
REIT | — Real Estate Investment Trust |
77
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Long Positions (129.1%) | ||||||||
Common Stocks (129.1%) | ||||||||
Casinos & Gaming (2.5%) | ||||||||
Churchill Downs, Inc. | 600 | 28 | ||||||
International Speedway Corp., Cl A | 1,100 | 45 | ||||||
Rick’s Cabaret International, Inc.* | 2,300 | 53 | ||||||
Speedway Motorsports, Inc. | 200 | 5 | ||||||
131 | ||||||||
Diversified (8.9%) | ||||||||
CapLease, Inc. REIT | 10,300 | 80 | ||||||
DuPont Fabros Technology, Inc. REIT | 1,200 | 20 | ||||||
Lexington Realty Trust REIT | 1,300 | 19 | ||||||
Liberty Property Trust REIT | 2,900 | 90 | ||||||
Vornado Realty Trust REIT | 2,900 | 250 | ||||||
459 | ||||||||
Healthcare (11.3%) | ||||||||
Cogdell Spencer, Inc. REIT | 1,100 | 17 | ||||||
Five Star Quality Care, Inc.* | 11,700 | 74 | ||||||
HCP, Inc. REIT | 400 | 14 | ||||||
Health Management Associates, Inc., Cl A* | 3,500 | 18 | ||||||
Medical Properties Trust, Inc. REIT | 4,300 | 49 | ||||||
National Health Investors, Inc. REIT | 3,500 | 109 | ||||||
Nationwide Health Properties, Inc. | 800 | 27 | ||||||
OMEGA Healthcare Investors, Inc. | 3,400 | 59 | ||||||
Senior Housing Properties Trust REIT | 1,000 | 24 | ||||||
Tenet Healthcare Corp.* | 4,000 | 23 | ||||||
Ventas, Inc. REIT | 3,800 | 171 | ||||||
�� | ||||||||
585 | ||||||||
Heavy Construction (2.4%) | ||||||||
EMCOR Group, Inc.* | 800 | 18 | ||||||
Michael Baker Corp.* | 1,300 | 29 | ||||||
Perini Corp.* | 2,100 | 76 | ||||||
123 | ||||||||
Hotels & Leisure Properties (7.0%) | ||||||||
Ashford Hospitality Trust | 6,800 | 39 | ||||||
Cedar Fair LP | 2,200 | 51 | ||||||
Entertainment Properties Trust REIT | 1,000 | 49 | ||||||
Great Wolf Resorts, Inc.* | 900 | 6 | ||||||
Hospitality Properties Trust REIT | 600 | 20 | ||||||
Host Hotels & Resorts, Inc. REIT | 3,900 | 62 | ||||||
MHI Hospitality Corp. REIT | 4,100 | 26 | ||||||
Six Flags, Inc.* | 11,500 | 19 | ||||||
Starwood Hotels & Resorts Worldwide, Inc. | 600 | 31 | ||||||
Strategic Hotels & Resorts, Inc. REIT | 1,600 | 21 | ||||||
Sunstone Hotel Investors, Inc. REIT | 1,000 | 16 | ||||||
Wyndham Worldwide Corp. | 1,100 | 23 | ||||||
363 | ||||||||
Industrial (17.6%) | ||||||||
Aecom Technology Corp.* | 3,300 | 86 | ||||||
AMB Property Corp. REIT | 1,300 | 71 | ||||||
Extra Space Storage, Inc. REIT | 300 | 5 | ||||||
Fluor Corp. | 400 | 56 | ||||||
Foster Wheeler Ltd.* | 900 | 51 | ||||||
KBR, Inc. | 800 | 22 | ||||||
ProLogis REIT | 6,900 | 406 | ||||||
Public Storage REIT | 2,400 | 213 | ||||||
910 | ||||||||
Land & Forest Products (6.4%) | ||||||||
Plum Creek Timber Co., Inc. | 6,900 | 281 | ||||||
Rayonier, Inc. REIT | 1,200 | 52 | ||||||
333 | ||||||||
Mortgage (2.6%) | ||||||||
Annaly Capital Management, Inc. | 3,600 | 55 | ||||||
Anthracite Capital, Inc. REIT | 3,800 | 25 | ||||||
Anworth Mortgage Asset Corp. REIT | 7,300 | 45 | ||||||
MFA Mortgage Investments, Inc. REIT | 1,100 | 7 | ||||||
132 | ||||||||
Office (17.4%) | ||||||||
Alexandria Real Estate Equities, Inc. | 900 | 83 | ||||||
BioMed Realty Trust, Inc. REIT | 3,700 | 88 | ||||||
Boston Properties, Inc. REIT | 3,400 | 313 | ||||||
Corporate Office Properties Trust REIT | 600 | 20 | ||||||
Digital Reality Trust, Inc. REIT | 1,900 | 68 |
78
Real Estate 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Office—continued | ||||||||
Douglas Emmett, Inc. REIT | 3,900 | 86 | ||||||
Highwoods Properties, Inc. REIT | 1,900 | 59 | ||||||
Kilroy Realty Corp. REIT | 1,700 | 84 | ||||||
Mack-Cali Realty Corp. REIT | 2,800 | 100 | ||||||
901 | ||||||||
Real Estate Services (6.9%) | ||||||||
Grubb & Ellis Co. | 6,500 | 45 | ||||||
Jones Lang LaSalle, Inc. | 600 | 46 | ||||||
National Retail Properties, Inc. REIT | 3,500 | 77 | ||||||
Tejon Ranch Co.* | 2,600 | 97 | ||||||
The St. Joe Co. | 2,100 | 90 | ||||||
355 | ||||||||
Residential (15.5%) | ||||||||
AvalonBay Communities, Inc. REIT | 1,100 | 106 | ||||||
Equity Lifestyle Properties, Inc. REIT | 2,100 | 104 | ||||||
Equity Residential REIT | 4,300 | 178 | ||||||
GMH Communities Trust REIT | 21,800 | 189 | ||||||
M/I Homes, Inc. | 2,100 | 36 | ||||||
Post Properties, Inc. REIT | 2,200 | 85 | ||||||
UDR, Inc. REIT | 4,200 | 103 | ||||||
801 | ||||||||
Retail (30.6%) | ||||||||
Acadia Realty Trust REIT | 1,700 | 41 | ||||||
Developers Diversified Realty Corp. REIT | 2,600 | 109 | ||||||
Equity One, Inc. | 3,700 | 88 | ||||||
Federal Realty Investment Trust REIT | 2,100 | 164 | ||||||
General Growth Properties, Inc. REIT | 3,300 | 126 | ||||||
Inland Real Estate Corp. REIT | 5,000 | 76 | ||||||
Penske Automotive Group, Inc. | 1,600 | 31 | ||||||
Ramco-Gershenson Properties Trust | 800 | 17 | ||||||
Realty Income Corp. REIT | 400 | 10 | ||||||
Regency Centers Corp. REIT | 2,700 | 175 | ||||||
Simon Property Group, Inc. REIT | 3,800 | 353 | ||||||
Taubman Centers, Inc. REIT | 3,300 | 172 | ||||||
The Macerich Co. REIT | 2,700 | 190 | ||||||
Urstadt Biddle Properties, Cl A REIT | 2,000 | 31 | ||||||
1,583 | ||||||||
Total Common Stocks | 6,676 | |||||||
Total Investments — 129.1% | ||||||||
(Total Long Positions) (Cost $6,632)(a) | 6,676 | |||||||
Other assets in excess of liabilities — 0.5% | 28 | |||||||
Short Positions (see summary below) (29.6%) | (1,531 | ) | ||||||
Net Assets — 100.0% | $ | 5,173 | ||||||
Short Positions ((29.6)%) | ||||||||
Common Stocks Sold Short ((29.6)%) | ||||||||
Casinos & Gaming ((0.9)%) | ||||||||
Las Vegas Sands Corp.* | (600 | ) | (44 | ) | ||||
Diversified ((2.0)%) | ||||||||
Colonial Properties Trust REIT | (2,200 | ) | (53 | ) | ||||
Cousins Properties, Inc. REIT | (2,100 | ) | (52 | ) | ||||
(105 | ) | |||||||
Healthcare ((3.4)%) | ||||||||
Community Health Systems, Inc.* | (900 | ) | (30 | ) | ||||
HEALTHSOUTH Corp.* | (6,800 | ) | (121 | ) | ||||
LifePoint Hospitals, Inc.* | (1,000 | ) | (28 | ) | ||||
(179 | ) | |||||||
Heavy Construction ((1.1)%) | ||||||||
Dycom Industries, Inc.* | (900 | ) | (11 | ) | ||||
Insituform Technologies, Inc.* | (3,300 | ) | (46 | ) | ||||
(57 | ) | |||||||
Homebuilders ((7.2)%) | ||||||||
Cavco Industries, Inc.* | (2,200 | ) | (77 | ) | ||||
Centex Corp. | (2,200 | ) | (53 | ) | ||||
Hilltop Holdings, Inc.* | (8,500 | ) | (88 | ) | ||||
KB Home | (1,900 | ) | (47 | ) | ||||
Skyline Corp. | (3,900 | ) | (109 | ) | ||||
(374 | ) | |||||||
Hotels & Leisure Properties ((3.5)%) | ||||||||
MGM MIRAGE* | (1,300 | ) | (76 | ) | ||||
Morgans Hotel Group* | (4,400 | ) | (65 | ) | ||||
Vail Resorts, Inc.* | (800 | ) | (39 | ) | ||||
(180 | ) | |||||||
79
Real Estate 130/30 Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Industrial ((7.0)%) | ||||||||
First Industrial Realty Trust, Inc. REIT | (1,600 | ) | (49 | ) | ||||
U-Store-It Trust REIT | (7,500 | ) | (85 | ) | ||||
URS Corp.* | (7,000 | ) | (229 | ) | ||||
(363 | ) | |||||||
Mortgage ((2.4)%) | ||||||||
CBRE Realty Finance, Inc. REIT | (6,100 | ) | (24 | ) | ||||
KKR Financial Holdings LLC | (7,800 | ) | (99 | ) | ||||
(123 | ) | |||||||
Residential ((0.6)%) | ||||||||
American Land Lease, Inc. REIT | (1,400 | ) | (29 | ) | ||||
Retail ((1.5)%) | ||||||||
CBL & Associates Properties, Inc. REIT | (1,500 | ) | (35 | ) | ||||
TravelCenters of America LLC* | (6,800 | ) | (42 | ) | ||||
(77 | ) | |||||||
Total Common Stocks Sold Short | (1,531 | ) | ||||||
Total Investment Securities Sold Short (Proceeds $1,616) | (1,531 | ) | ||||||
* | Non-income producing security. | |
(a) | Represents cost for financial reporting purposes. |
REIT | — Real Estate Investment Trust |
80
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (97.3%) | ||||||||
Consumer Discretionary (7.1%) | ||||||||
International Game Technology(a) | 62,900 | 2,529 | ||||||
McDonald’s Corp. | 56,500 | 3,151 | ||||||
NIKE, Inc., Cl B(a) | 46,450 | 3,159 | ||||||
8,839 | ||||||||
Consumer Staples (17.8%) | ||||||||
Colgate-Palmolive Co. | 41,050 | 3,198 | ||||||
Costco Wholesale Corp.(a) | 54,980 | 3,572 | ||||||
CVS Caremark Corp. | 84,370 | 3,418 | ||||||
PepsiCo, Inc. | 59,120 | 4,269 | ||||||
Procter & Gamble Co. (The) | 61,000 | 4,274 | ||||||
TJX Cos., Inc. (The)(a) | 99,510 | 3,291 | ||||||
22,022 | ||||||||
Energy (7.9%) | ||||||||
Cameron International Corp.*(a) | 85,490 | 3,560 | ||||||
Exxon Mobil Corp. | 21,510 | 1,819 | ||||||
Schlumberger Ltd.(a) | 50,160 | 4,364 | ||||||
9,743 | ||||||||
Financials (8.2%) | ||||||||
AFLAC, Inc. | 58,190 | 3,779 | ||||||
State Street Corp. | 39,700 | 3,136 | ||||||
T. Rowe Price Group, Inc.(a) | 64,010 | 3,201 | ||||||
10,116 | ||||||||
Health Care (16.8%) | ||||||||
Baxter International, Inc. | 65,630 | 3,795 | ||||||
Express Scripts, Inc.* | 45,440 | 2,923 | ||||||
Gilead Sciences, Inc.* | 73,290 | 3,777 | ||||||
Merck & Co., Inc. | 74,480 | 2,826 | ||||||
Stryker Corp. | 32,140 | 2,091 | ||||||
Thermo Fisher Scientific, Inc.*(a) | 61,000 | 3,467 | ||||||
UnitedHealth Group, Inc. | 56,070 | 1,926 | ||||||
20,805 | ||||||||
Industrials (11.2%) | ||||||||
Emerson Electric Co. | 81,150 | 4,176 | ||||||
Precision Castparts Corp. | 26,860 | 2,742 | ||||||
Raytheon Co. | 59,280 | 3,830 | ||||||
United Technologies Corp. | 45,030 | 3,099 | ||||||
13,847 | ||||||||
Information Technology (24.2%) | ||||||||
Adobe Systems, Inc.*(a) | 67,360 | 2,397 | ||||||
Apple, Inc.* | 25,970 | 3,727 | ||||||
Cisco Systems, Inc.* | 133,880 | 3,224 | ||||||
Dell, Inc.* | 113,710 | 2,265 | ||||||
Google, Inc., Cl A* | 4,520 | 1,991 | ||||||
Hewlett-Packard Co. | 95,730 | 4,371 | ||||||
Intel Corp. | 147,086 | 3,115 | ||||||
Oracle Corp.* | 155,168 | 3,035 | ||||||
QUALCOMM, Inc. | 73,480 | 3,013 | ||||||
Texas Instruments, Inc. | 102,140 | 2,888 | ||||||
30,026 | ||||||||
Materials (4.1%) | ||||||||
Monsanto Co.(a) | 24,800 | 2,765 | ||||||
Praxair, Inc.(a) | 27,820 | 2,344 | ||||||
5,109 | ||||||||
Total Common Stocks | 120,507 | |||||||
Short-Term Investment (25.0%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 30,968,074 | 30,968 | ||||||
Total Short-Term Investment | 30,968 | |||||||
Money Market Fund (4.9%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 6,084,376 | 6,084 | ||||||
Total Money Market Fund | 6,084 | |||||||
Total Investments (Cost $146,903)(d) — 127.2% | 157,559 | |||||||
Liabilities in excess of other assets — (27.2)% | (33,703 | ) | ||||||
Net Assets — 100.0% | $ | 123,856 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008, in thousands, was $30,435. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
81
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (97.6%) | ||||||||
Consumer Discretionary (16.9%) | ||||||||
Aeropostale, Inc.*(a) | 178,170 | 4,830 | ||||||
Brightpoint, Inc.* | 420,340 | 3,514 | ||||||
Buckle, Inc., (The) | 80,069 | 3,581 | ||||||
Buffalo Wild Wings, Inc.*(a) | 158,519 | 3,884 | ||||||
Deckers Outdoor Co.* | 37,330 | 4,025 | ||||||
DeVry, Inc.(a) | 121,192 | 5,071 | ||||||
Fossil, Inc.*(a) | 134,460 | 4,106 | ||||||
FTI Consulting, Inc.*(a) | 102,152 | 7,257 | ||||||
Gymboree Corp., (The)* | 109,146 | 4,353 | ||||||
Iconix Brand Group, Inc.*(a) | 183,635 | 3,186 | ||||||
Jack in the Box, Inc.*(a) | 122,059 | 3,280 | ||||||
John Wiley & Sons, Inc., Cl A | 87,595 | 3,477 | ||||||
MAXIMUS, Inc. | 53,720 | 1,972 | ||||||
McCormick & Schmick’s Seafood Restaurants, Inc.* | 186,209 | 2,169 | ||||||
Navigant Consulting, Inc.* | 115,459 | 2,191 | ||||||
Netflix, Inc.*(a) | 89,290 | 3,094 | ||||||
Priceline.com, Inc.*(a) | 51,759 | 6,256 | ||||||
Quanta Services, Inc.*(a) | 157,135 | 3,641 | ||||||
Strayer Education, Inc.(a) | 25,003 | 3,813 | ||||||
Tupperware Brands Corp. | 174,283 | 6,741 | ||||||
Tween Brands, Inc.* | 116,190 | 2,875 | ||||||
WMS Industries, Inc.*(a) | 124,842 | 4,491 | ||||||
87,807 | ||||||||
Consumer Staples (4.6%) | ||||||||
American Oriental Bioengineering, Inc.*(a) | 324,069 | 2,625 | ||||||
Chattem, Inc.*(a) | 63,767 | 4,231 | ||||||
Corn Products International, Inc. | 104,989 | 3,899 | ||||||
Flowers Foods, Inc.(a) | 235,362 | 5,825 | ||||||
Hain Celestial Group, Inc., (The)*(a) | 107,424 | 3,169 | ||||||
Longs Drug Stores Corp.(a) | 103,276 | 4,385 | ||||||
24,134 | ||||||||
Energy (6.9%) | ||||||||
Alpha Natural Resources, Inc.*(a) | 94,770 | 4,117 | ||||||
Atwood Oceanics, Inc.*(a) | 66,440 | 6,094 | ||||||
Core Laboratories NV* | 42,073 | 5,019 | ||||||
Dril-Quip, Inc.* | 70,518 | 3,277 | ||||||
Grey Wolf, Inc.*(a) | 673,935 | 4,569 | ||||||
Matrix Service Co.*(a) | 130,732 | 2,246 | ||||||
Petrohawk Energy Corp.*(a) | 222,104 | 4,480 | ||||||
PetroQuest Energy, Inc.*(a) | 373,092 | 6,470 | ||||||
36,272 | ||||||||
Financials (6.5%) | ||||||||
Digital Realty Trust, Inc. REIT(a) | 137,861 | 4,894 | ||||||
Hanover Insurance Group, Inc., (The) | 117,295 | 4,826 | ||||||
LandAmerica Financial Group, Inc.(a) | 79,996 | 3,158 | ||||||
Navigators Group, Inc., (The)*(a) | 79,916 | 4,347 | ||||||
RLI Corp.(a) | 77,965 | 3,865 | ||||||
Tanger Factory Outlet Centers, Inc. REIT(a) | 69,858 | 2,687 | ||||||
Texas Capital Bancshares, Inc.* | 122,142 | 2,062 | ||||||
TNS, Inc. | 127,733 | 2,636 | ||||||
Waddell & Reed Financial, Inc., Cl A(a) | 169,504 | 5,446 | ||||||
33,921 | ||||||||
Health Care (24.7%) | ||||||||
Alexion Pharmaceuticals, Inc.*(a) | 116,170 | 6,889 | ||||||
Alkermes, Inc.*(a) | 281,026 | 3,339 | ||||||
Alliance Imaging, Inc.*(a) | 460,036 | 3,956 | ||||||
AMAG Pharmaceuticals, Inc.*(a) | 62,777 | 2,538 | ||||||
ArthroCare Corp.*(a) | 127,729 | 4,260 | ||||||
BioMarin Pharmaceutical, Inc.*(a) | 232,401 | 8,220 | ||||||
Genomic Health, Inc.*(a) | 163,391 | 3,086 | ||||||
Haemonetics Corp.* | 43,017 | 2,563 | ||||||
HealthExtras, Inc.*(a) | 188,273 | 4,677 | ||||||
Hologic, Inc.*(a) | 72,171 | 4,013 |
82
Small Cap Growth Stock Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Health Care—continued | ||||||||
Illumina, Inc.*(a) | 76,544 | 5,810 | ||||||
inVentiv Health, Inc.*(a) | 138,645 | 3,994 | ||||||
K-V Pharmaceutical Co.*(a) | 195,018 | 4,868 | ||||||
LifeCell Corp.*(a) | 134,391 | 5,648 | ||||||
Meridian Bioscience, Inc. | 182,101 | 6,088 | ||||||
Neogen Corp.* | 55,697 | 1,398 | ||||||
NuVasive, Inc.*(a) | 134,552 | 4,643 | ||||||
OSI Pharmaceuticals, Inc.* | 62,521 | 2,338 | ||||||
PAREXEL International Corp.*(a) | 220,902 | 5,765 | ||||||
Perrigo Co.(a) | 188,271 | 7,103 | ||||||
Phase Forward, Inc.* | 277,329 | 4,737 | ||||||
Psychiatric Solutions, Inc.*(a) | 199,397 | 6,763 | ||||||
Savient Pharmaceuticals, Inc.*(a) | 136,805 | 2,736 | ||||||
STERIS Corp. | 186,424 | 5,002 | ||||||
United Therapeutics Corp.* | 42,810 | 3,712 | ||||||
Varian, Inc.* | 94,650 | 5,482 | ||||||
West Pharmaceutical Services, Inc.(a) | 122,578 | 5,422 | ||||||
XenoPort, Inc.*(a) | 92,979 | 3,763 | ||||||
128,813 | ||||||||
Industrials (11.2%) | ||||||||
Bucyrus International, Inc., Cl A | 36,034 | 3,663 | ||||||
CIRCOR International, Inc. | 104,019 | 4,811 | ||||||
Curtiss-Wright Corp. | 93,758 | 3,889 | ||||||
Kansas City Southern*(a) | 131,389 | 5,270 | ||||||
Lindsay Corp.(a) | 49,389 | 5,061 | ||||||
Orbital Sciences Corp.*(a) | 188,377 | 4,540 | ||||||
RBC Bearings, Inc.* | 100,753 | 3,741 | ||||||
Robbins & Myers, Inc.(a) | 87,027 | 2,841 | ||||||
Titan International, Inc.(a) | 120,738 | 3,696 | ||||||
URS Corp.* | 115,002 | 3,759 | ||||||
Wabtec Corp.(a) | 174,662 | 6,578 | ||||||
Walter Industries, Inc. | 78,442 | 4,913 | ||||||
Woodward Governor Co.(a) | 211,958 | 5,663 | ||||||
58,425 | ||||||||
Information Technology (19.7%) | ||||||||
ANADIGICS, Inc.*(a) | 308,418 | 2,023 | ||||||
Anixter International, Inc.*(a) | 91,110 | 5,835 | ||||||
ANSYS, Inc.*(a) | 157,921 | 5,451 | ||||||
Ariba, Inc.*(a) | 482,426 | 4,660 | ||||||
Atheros Communications*(a) | 122,828 | 2,560 | ||||||
AuthenTec, Inc.*(a) | 230,080 | 2,287 | ||||||
Bankrate, Inc.*(a) | 91,198 | 4,550 | ||||||
Blue Coat Systems, Inc.*(a) | 121,481 | 2,677 | ||||||
Comtech Telecommunications Corp.*(a) | 112,571 | 4,390 | ||||||
CyberSource Corp.*(a) | 278,600 | 4,070 | ||||||
Dionex Corp.*(a) | 82,411 | 6,344 | ||||||
Double-Take Software, Inc.* | 302,888 | 3,538 | ||||||
eResearchTechnology, Inc.*(a) | 376,557 | 4,677 | ||||||
Foundry Networks, Inc.*(a) | 375,606 | 4,349 | ||||||
IHS, Inc., Cl A* | 79,416 | 5,107 | ||||||
Informatica Corp.*(a) | 229,691 | 3,919 | ||||||
j2 Global Communications, Inc.*(a) | 162,850 | 3,635 | ||||||
Macrovision Corp.*(a) | 228,799 | 3,089 | ||||||
MICROS Systems, Inc.*(a) | 198,132 | 6,669 | ||||||
NETGEAR, Inc.* | 207,039 | 4,130 | ||||||
Nuance Communications, Inc.*(a) | 335,816 | 5,847 | ||||||
Polycom, Inc.*(a) | 180,377 | 4,066 | ||||||
Radiant Systems, Inc.*(a) | 284,719 | 3,977 | ||||||
Synaptics, Inc.*(a) | 101,869 | 2,433 | ||||||
Tessera Technologies, Inc.*(a) | 121,524 | 2,528 | ||||||
102,811 | ||||||||
83
Small Cap Growth Stock Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Materials (4.7%) | ||||||||
Arch Chemicals, Inc. | 54,354 | 2,025 | ||||||
Compass Minerals International, Inc. | 25,852 | 1,525 | ||||||
Greif, Inc., Cl A | 68,268 | 4,638 | ||||||
Northwest Pipe Co.* | 96,521 | 4,101 | ||||||
Silgan Holdings, Inc. | 92,261 | 4,579 | ||||||
Terra Industries, Inc.* | 94,678 | 3,364 | ||||||
Willbros Group, Inc.*(a) | 137,033 | 4,193 | ||||||
24,425 | ||||||||
Transportation (2.4%) | ||||||||
American Commercial Lines, Inc.*(a) | 148,191 | 2,341 | ||||||
Hornbeck Offshore Services, Inc.*(a) | 107,105 | 4,892 | ||||||
Kirby Corp.* | 89,030 | 5,075 | ||||||
12,308 | ||||||||
Total Common Stocks | 508,916 | |||||||
Warrants (0.0%) | ||||||||
Health Care (0.0%) | ||||||||
Drugmax, Inc.(b)(c) | 1,301,500 | — | ||||||
Telecommunication Services (0.0%) | ||||||||
Sunair Services Corp.(b)(c)(d) | 350,000 | — | ||||||
Total Warrants | — | |||||||
Short-Term Investment (47.2%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(e) | 246,294,346 | 246,294 | ||||||
Total Short-Term Investment | 246,294 | |||||||
Money Market Fund (1.7%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(f) | 8,706,224 | 8,706 | ||||||
Total Money Market Fund | 8,706 | |||||||
Total Investments (Cost $730,545)(g) — 146.5% | 763,916 | |||||||
Liabilities in excess of other assets — (46.5)% | (242,428 | ) | ||||||
Net Assets — 100.0% | $ | 521,488 | ||||||
* | Non-income producing security. | |
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $240,810. | |
(b) | Market value is zero. | |
(c) | Valued at fair value using methods determined by the Board. Fair valued securities held by the Fund represent 0.0% of net assets as of March 31, 2008. | |
(d) | The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid security held by the Fund as of March 31, 2008 is identified below (amounts in thousands): |
Percentage of | ||||||||||||||||||||
Issue | Acquisition | Cost | Value | Net Assets | ||||||||||||||||
Description | Date | ($) | Shares | ($) | (%) | |||||||||||||||
Sunair Services Corp. Warrants | 12/15/05 | — | 350 | — | — |
(e) | This security was purchased with cash collateral held from securities lending. | |
(f) | Affiliate investment. | |
(g) | Represents cost for financial reporting purposes. |
REIT | — Real Estate Investment Trust |
84
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Common Stocks (96.7%) | ||||||||
Consumer Discretionary (23.8%) | ||||||||
Aaron Rents, Inc.(a) | 226,600 | 4,881 | ||||||
ABM Industries, Inc.(a) | 324,638 | 7,285 | ||||||
Asbury Automotive Group, Inc. | 508,439 | 6,996 | ||||||
Bassett Furniture Industries, Inc. | 229,854 | 2,836 | ||||||
bebe Stores, Inc.(a) | 548,334 | 5,895 | ||||||
Brown Shoe Co., Inc.(a) | 404,188 | 6,091 | ||||||
CBRL Group, Inc.(a) | 117,700 | 4,210 | ||||||
Circuit City Stores, Inc.(a) | 561,300 | 2,234 | ||||||
CKE Restaurants, Inc.(a) | 935,735 | 10,499 | ||||||
Cobra Electronics Corp. | 291,214 | 1,110 | ||||||
Foot Locker, Inc.(a) | 218,000 | 2,566 | ||||||
Group 1 Automotive, Inc.(a) | 180,800 | 4,245 | ||||||
Harman International Industries, Inc.(a) | 66,675 | 2,903 | ||||||
Interface, Inc., Cl A(a) | 1,439,221 | 20,220 | ||||||
K-Swiss, Inc., Cl A(a) | 336,900 | 5,330 | ||||||
Movado Group, Inc. | 200,526 | 3,908 | ||||||
OfficeMax, Inc. | 267,900 | 5,128 | ||||||
Pep Boys-Manny, Moe & Jack (The)(a) | 174,800 | 1,741 | ||||||
Stage Stores, Inc.(a) | 210,854 | 3,416 | ||||||
Tempur-Pedic International, Inc.(a) | 615,300 | 6,768 | ||||||
Thor Industries, Inc.(a) | 338,000 | 10,062 | ||||||
118,324 | ||||||||
Consumer Staples (3.0%) | ||||||||
Del Monte Foods Co. | 680,700 | 6,487 | ||||||
Diamond Foods, Inc. | 174,300 | 3,162 | ||||||
Gruma SA ADR(a) | 109,900 | 1,054 | ||||||
Regis Corp.(a) | 123,300 | 3,389 | ||||||
Signet Group PLC SP ADR | 55,678 | 685 | ||||||
14,777 | ||||||||
Diversified Operations (3.3%) | ||||||||
Brink’s Co. (The) | 93,900 | 6,308 | ||||||
Teleflex, Inc. | 215,300 | 10,272 | ||||||
16,580 | ||||||||
Energy (7.0%) | ||||||||
CARBO Ceramics, Inc.(a) | 184,900 | 7,415 | ||||||
CHC Helicopter Corp., Cl A(a) | 492,238 | 14,526 | ||||||
Holly Corp. | 140,900 | 6,116 | ||||||
RPC, Inc.(a) | 170,300 | 2,587 | ||||||
Tidewater, Inc. | 73,700 | 4,062 | ||||||
34,706 | ||||||||
Financials (19.0%) | ||||||||
Bank of Hawaii Corp.(a) | 124,200 | 6,155 | ||||||
Cash America International, Inc.(a) | 54,117 | 1,970 | ||||||
Cathay General Bancorp(a) | 50,700 | 1,051 | ||||||
City National Corp.(a) | 43,200 | 2,137 | ||||||
East West Bancorp, Inc. | 86,755 | 1,540 | ||||||
Evercore Partners, Inc., Cl A | 85,200 | 1,512 | ||||||
Glacier Bancorp, Inc.(a) | 286,306 | 5,488 | ||||||
Greenhill & Co., Inc.(a) | 50,200 | 3,492 | ||||||
Grubb & Ellis Co. | 580,011 | 3,985 | ||||||
HCC Insurance Holdings, Inc. | 338,450 | 7,679 | ||||||
Horizon Financial Corp.(a) | 195,632 | 2,702 | ||||||
International Bancshares Corp.(a) | 85,110 | 1,922 | ||||||
IPC Holdings Ltd.(a) | 121,400 | 3,399 | ||||||
Jefferies Group, Inc.(a) | 268,700 | 4,334 | ||||||
OneBeacon Insurance Group Ltd. | 358,200 | 6,813 | ||||||
Preferred Bank(a) | 85,300 | 1,424 | ||||||
Ramco-Gershenson Properties Trust REIT | 176,400 | 3,724 | ||||||
Raymond James Financial, Inc.(a) | 739,611 | 16,996 | ||||||
SWS Group, Inc.(a) | 269,898 | 3,301 | ||||||
UCBH Holdings, Inc.(a) | 268,800 | 2,086 | ||||||
Washington Real Estate Investment Trust(a) | 176,700 | 5,905 | ||||||
Wesco Financial Corp. | 12,400 | 5,010 | ||||||
West Coast Bancorp(a) | 135,953 | 1,983 | ||||||
94,608 | ||||||||
Health Care (13.4%) | ||||||||
Brookdale Senior Living, Inc.(a) | 141,000 | 3,370 | ||||||
Cooper Cos., Inc. (The)(a) | 632,796 | 21,787 | ||||||
Ensign Group, Inc. | 163,700 | 1,518 | ||||||
LCA-Vision, Inc.(a) | 290,092 | 3,626 | ||||||
Mentor Corp.(a) | 404,600 | 10,406 | ||||||
STERIS Corp. | 817,957 | 21,946 |
85
Small Cap Value Equity Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Health Care—continued | ||||||||
Vital Signs, Inc. | 79,494 | 4,026 | ||||||
66,679 | ||||||||
Industrials (12.6%) | ||||||||
Genesis Lease Ltd. ADR(a) | 216,980 | 3,157 | ||||||
Grupo Aeroportuario del Pacifico SA de CV ADR | 473,176 | 21,293 | ||||||
Heartland Express, Inc.(a) | 329,300 | 4,696 | ||||||
Herman Miller, Inc.(a) | 190,000 | 4,668 | ||||||
Multi-Color Corp. | 130,575 | 2,920 | ||||||
Snap-on, Inc. | 194,400 | 9,885 | ||||||
Tomkins PLC ADR | 305,603 | 4,346 | ||||||
UTI Worldwide, Inc. | 255,900 | 5,138 | ||||||
Wabtec Corp.(a) | 166,000 | 6,252 | ||||||
62,355 | ||||||||
Information Technology (4.7%) | ||||||||
Black Box Corp. | 77,400 | 2,388 | ||||||
Cohu, Inc.(a) | 218,653 | 3,553 | ||||||
Fair Isaac Corp. | 482,360 | 10,381 | ||||||
Keithley Instruments, Inc. | 219,000 | 2,124 | ||||||
Nam Tai Electronics, Inc. | 497,996 | 4,781 | ||||||
23,227 | ||||||||
Materials (5.5%) | ||||||||
Aceto Corp. | 244,100 | 1,694 | ||||||
Bemis Co., Inc.(a) | 201,386 | 5,121 | ||||||
Harry Winston Diamond Corp. | 219,500 | 5,248 | ||||||
Nalco Holding Co. | 416,000 | 8,799 | ||||||
Valspar Corp. (The)(a) | 322,444 | 6,397 | ||||||
27,259 | ||||||||
Media (2.5 %) | ||||||||
Meredith Corp.(a) | 157,900 | 6,040 | ||||||
New York Times Co., Cl A (The)(a) | 187,500 | 3,540 | ||||||
PRIMEDIA, Inc.(a) | 417,014 | 3,065 | ||||||
12,645 | ||||||||
Telecommunication Services (0.7%) | ||||||||
Alaska Communications Systems Group, Inc. | 307,600 | 3,765 | ||||||
Utilities (1.1%) | ||||||||
ALLETE, Inc.(a) | 90,500 | 3,495 | ||||||
Companhia de Saneamento Basico do Estado de Sao Paulo ADR(a) | 43,400 | 1,924 | ||||||
5,419 | ||||||||
Total Common Stocks | 480,344 | |||||||
Short-Term Investment (40.1%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 199,183,218 | 199,183 | ||||||
Total Short-Term Investment | 199,183 | |||||||
Money Market Fund (2.9%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 14,310,925 | 14,311 | ||||||
Total Money Market Fund | 14,311 | |||||||
Total Investments (Cost $726,521)(d) — 139.7% | 693,838 | |||||||
Liabilities in excess of other assets — (39.7)% | (197,284 | ) | ||||||
Net Assets — 100.0% | $ | 496,554 | ||||||
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $194,501. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. | |
ADR | — American Depositary Receipt |
REIT | — Real Estate Investment Trust |
86
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Long Positions (130.0%) | ||||||||
Common Stocks (128.9%) | ||||||||
Aerospace/Defense (1.0%) | ||||||||
GenCorp, Inc.* | 1,000 | 10 | ||||||
Rockwell Collins, Inc. | 400 | 23 | ||||||
Spirit AeroSystems Holdings, Inc., Cl A* | 500 | 11 | ||||||
44 | ||||||||
Apparel (0.5%) | ||||||||
Warnaco Group, Inc., (The)* | 600 | 24 | ||||||
Commercial Services (1.5%) | ||||||||
Interactive Data Corp. | 1,000 | 28 | ||||||
TrueBlue, Inc.* | 1,200 | 16 | ||||||
United Rentals, Inc.* | 1,200 | 23 | ||||||
67 | ||||||||
Consumer Discretionary (11.2%) | ||||||||
Abercrombie & Fitch Co., Cl A | 100 | 7 | ||||||
Amazon.com, Inc.* | 300 | 21 | ||||||
Bally Technologies, Inc.* | 400 | 14 | ||||||
Bon-Ton Stores, Inc. (The) | 2,000 | 11 | ||||||
Bunge, Ltd. | 200 | 17 | ||||||
Cintas Corp. | 700 | 20 | ||||||
Comcast Corp., Cl A | 400 | 8 | ||||||
Courier Corp. | 700 | 18 | ||||||
CRA International, Inc.* | 400 | 13 | ||||||
Eastman Kodak Co. | 1,100 | 19 | ||||||
Garmin, Ltd. | 300 | 16 | ||||||
Goodyear Tire & Rubber Co. (The)* | 500 | 13 | ||||||
Hubbell, Inc., Cl B | 900 | 39 | ||||||
International Game Technology | 400 | 16 | ||||||
Jackson Hewitt Tax Service, Inc. | 3,300 | 38 | ||||||
Kimberly-Clark Corp. | 200 | 13 | ||||||
Knoll, Inc. | 2,000 | 23 | ||||||
McDonald’s Corp. | 600 | 34 | ||||||
NIKE, Inc., Cl B | 400 | 27 | ||||||
Pitney Bowes, Inc. | 300 | 11 | ||||||
Steelcase, Inc., Cl A | 2,200 | 24 | ||||||
Target Corp. | 200 | 10 | ||||||
Teleflex, Inc. | 400 | 19 | ||||||
Textron, Inc. | 200 | 11 | ||||||
Walt Disney Co. (The) | 1,000 | 31 | ||||||
WMS Industries, Inc.* | 100 | 4 | ||||||
YUM! Brands, Inc. | 300 | 11 | ||||||
488 | ||||||||
Consumer Staples (15.9%) | ||||||||
Altria Group, Inc. | 800 | 18 | ||||||
Anheuser-Busch Cos., Inc. | 300 | 14 | ||||||
Archer-Daniels-Midland Co. | 800 | 33 | ||||||
Avery Dennison Corp. | 400 | 20 | ||||||
Avon Products, Inc. | 300 | 12 | ||||||
Central European Distribution Corp.* | 700 | 41 | ||||||
Coca-Cola Enterprises, Inc. | 400 | 10 | ||||||
Colgate-Palmolive Co. | 300 | 23 | ||||||
Costco Wholesale Corp. | 200 | 13 | ||||||
CVS Caremark Corp. | 500 | 20 | ||||||
Fresh Del Monte Produce, Inc.* | 1,100 | 40 | ||||||
Gap, Inc. (The) | 1,300 | 26 | ||||||
Great Atlantic & Pacific Tea Co., Inc. (The)* | 1,400 | 37 | ||||||
Home Depot, Inc. (The) | 200 | 6 | ||||||
Kellogg Co. | 400 | 21 | ||||||
Molson Coors Brewing Co., Cl B | 500 | 26 | ||||||
Owens-Illinois, Inc.* | 800 | 45 | ||||||
Pepsi Bottling Group, Inc. (The) | 600 | 20 | ||||||
PepsiAmericas, Inc. | 700 | 18 | ||||||
PepsiCo, Inc. | 700 | 50 | ||||||
Philip Morris International, Inc.* | 800 | 40 | ||||||
Procter & Gamble Co. (The) | 700 | 49 | ||||||
Reynolds American, Inc. | 200 | 12 | ||||||
TJX Cos., Inc. (The) | 1,000 | 33 | ||||||
UST, Inc. | 200 | 11 | ||||||
Wal-Mart Stores, Inc. | 900 | 47 | ||||||
Wm. Wrigley Jr. Co. | 200 | 13 | ||||||
698 | ||||||||
Diversified Operations (1.1%) | ||||||||
Carlisle Cos., Inc. | 400 | 13 | ||||||
Cooper Industries, Ltd., Cl A | 300 | 12 | ||||||
ITT Corp. | 400 | 21 | ||||||
46 | ||||||||
Energy (12.9%) | ||||||||
Anadarko Petroleum Corp. | 300 | 19 | ||||||
Chesapeake Energy Corp. | 400 | 18 | ||||||
Chevron Corp. | 800 | 68 | ||||||
ConocoPhillips | 700 | 53 | ||||||
Devon Energy Corp. | 200 | 21 | ||||||
Encore Acquistion Co.* | 400 | 16 | ||||||
Exxon Mobil Corp. | 2,100 | 178 | ||||||
Hess Corp. | 200 | 18 | ||||||
Marathon Oil Corp. | 300 | 14 | ||||||
Murphy Oil Corp. | 200 | 16 | ||||||
National-Oilwell Varco, Inc.* | 300 | 17 | ||||||
Noble Energy, Inc. | 200 | 15 | ||||||
Occidental Petroleum Corp. | 400 | 29 | ||||||
Schlumberger Ltd. | 400 | 35 |
87
U.S. Equity 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Energy—continued | ||||||||
Transocean, Inc.* | 200 | 27 | ||||||
Williams Cos., Inc. (The) | 600 | 20 | ||||||
564 | ||||||||
Financials (12.7%) | ||||||||
ACE, Ltd. | 700 | 39 | ||||||
AFLAC, Inc. | 200 | 13 | ||||||
American Express Co. | 200 | 9 | ||||||
American International Group, Inc. | 300 | 13 | ||||||
Bank of America Corp. | 1,000 | 38 | ||||||
Bank of Hawaii Corp. | 400 | 20 | ||||||
Bank of New York Mellon Corp. | 300 | 13 | ||||||
Charles Schwab Corp. (The) | 1,000 | 19 | ||||||
Citigroup, Inc. | 1,000 | 21 | ||||||
CME Group, Inc. | 100 | 47 | ||||||
Dime Community Bancshares, Inc. | 600 | 10 | ||||||
Federated Investors, Inc., Cl B | 800 | 31 | ||||||
GFI Group, Inc. | 200 | 11 | ||||||
Goldman Sachs Group, Inc. (The) | 100 | 17 | ||||||
Hartford Financial Services Group, Inc. (The) | 200 | 15 | ||||||
Hudson City Bancorp, Inc. | 1,200 | 21 | ||||||
IntercontinentalExchange, Inc.* | 100 | 13 | ||||||
JPMorgan Chase & Co. | 800 | 34 | ||||||
MetLife, Inc. | 300 | 18 | ||||||
Morgan Stanley | 100 | 5 | ||||||
Northern Trust Corp. | 300 | 20 | ||||||
NYSE Euronext | 300 | 19 | ||||||
Torchmark Corp. | 200 | 12 | ||||||
Travelers Cos., Inc. (The) | 400 | 19 | ||||||
U.S. Bancorp | 700 | 23 | ||||||
Wachovia Corp. | 500 | 13 | ||||||
Wells Fargo & Co. | 800 | 23 | ||||||
Westamerica Bancorp | 400 | 21 | ||||||
557 | ||||||||
Health Care (12.0%) | ||||||||
Abbott Laboratories | 500 | 28 | ||||||
Aetna, Inc. | 400 | 17 | ||||||
Allergan, Inc. | 200 | 11 | ||||||
AMERIGROUP Corp.* | 700 | 19 | ||||||
Amgen, Inc.* | 600 | 25 | ||||||
Applera Corp. — Applied Biosystems Group | 600 | 20 | ||||||
Baxter International, Inc. | 300 | 17 | ||||||
Becton, Dickinson & Co. | 200 | 17 | ||||||
Biogen Idec, Inc.* | 300 | 19 | ||||||
Bristol-Myers Squibb Co. | 700 | 15 | ||||||
Eli Lilly & Co. | 300 | 15 | ||||||
Express Scripts, Inc.* | 200 | 13 | ||||||
Genzyme Corp.* | 500 | 37 | ||||||
Gilead Sciences, Inc.* | 400 | 21 | ||||||
Johnson & Johnson | 1,100 | 71 | ||||||
Kindred Healthcare, Inc.* | 1,000 | 22 | ||||||
Medco Health Solutions, Inc.* | 400 | 18 | ||||||
Medtronic, Inc. | 400 | 19 | ||||||
Merck & Co., Inc. | 800 | 30 | ||||||
Pfizer, Inc. | 3,000 | 63 | ||||||
Schering-Plough Corp. | 600 | 9 | ||||||
Wyeth | 500 | 21 | ||||||
527 | ||||||||
Industrials (22.7%) | ||||||||
3M Co. | 400 | 32 | ||||||
Airgas, Inc. | 400 | 18 | ||||||
Boeing Co. (The) | 500 | 37 | ||||||
Ceradyne, Inc.* | 700 | 22 | ||||||
Consolidated Graphics, Inc.* | 600 | 34 | ||||||
Deere & Co. | 100 | 8 | ||||||
Deluxe Corp. | 1,200 | 23 | ||||||
Dover Corp. | 600 | 25 | ||||||
Eaton Corp. | 100 | 8 | ||||||
Emerson Electric Co. | 300 | 15 | ||||||
Ennis, Inc. | 1,600 | 27 | ||||||
EnPro Industries, Inc.* | 1,400 | 44 | ||||||
Equifax, Inc. | 600 | 21 | ||||||
Euroseas, Ltd. | 2,300 | 28 | ||||||
G & K Services, Inc., Cl A | 400 | 14 | ||||||
Gardner Denver, Inc.* | 400 | 15 | ||||||
General Electric Co. | 3,900 | 144 | ||||||
H&E Equipment Services, Inc.* | 1,000 | 13 | ||||||
Honeywell International, Inc. | 400 | 23 | ||||||
ICF International, Inc.* | 500 | 10 | ||||||
Illinois Tool Works, Inc. | 400 | 19 | ||||||
Ingersoll-Rand Co. Ltd., Cl A | 300 | 13 | ||||||
LECG Corp.* | 3,400 | 32 | ||||||
Manpower, Inc. | 300 | 17 | ||||||
Mueller Industries, Inc. | 800 | 23 | ||||||
NCI Building Systems, Inc.* | 1,100 | 27 | ||||||
Northrop Grumman Corp. | 200 | 16 | ||||||
Perini Corp.* | 400 | 15 | ||||||
R.R. Donnelley & Sons Co. | 1,500 | 45 | ||||||
Rockwell Automation, Inc. | 300 | 17 | ||||||
Spherion Corp.* | 7,100 | 43 | ||||||
Terex Corp.* | 100 | 6 | ||||||
Thomas & Betts Corp.* | 300 | 11 | ||||||
United Parcel Service, Inc., Cl B | 400 | 29 |
88
U.S. Equity 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Industrials—continued | ||||||||
United States Steel Corp. | 100 | 13 | ||||||
United Stationers, Inc.* | 900 | 43 | ||||||
United Technologies Corp. | 500 | 34 | ||||||
Waste Management, Inc. | 300 | 10 | ||||||
Waters Corp.* | 400 | 22 | ||||||
996 | ||||||||
Information Technology (15.9%) | ||||||||
Affiliated Computer Services, Inc., Cl A* | 200 | 10 | ||||||
Apple, Inc.* | 100 | 14 | ||||||
Applied Materials, Inc. | 500 | 10 | ||||||
Autodesk, Inc.* | 600 | 19 | ||||||
BMC Software, Inc.* | 300 | 10 | ||||||
Cisco Systems, Inc.* | 2,200 | 53 | ||||||
Computer Sciences Corp.* | 500 | 20 | ||||||
Compuware Corp.* | 2,900 | 21 | ||||||
COMSYS IT Partners, Inc.* | 1,600 | 14 | ||||||
Dell, Inc.* | 900 | 18 | ||||||
Electronic Data Systems Corp. | 1,200 | 20 | ||||||
EMC Corp.* | 800 | 11 | ||||||
Google, Inc., Cl A* | 100 | 44 | ||||||
Hewlett-Packard Co. | 1,000 | 46 | ||||||
Intel Corp. | 2,000 | 42 | ||||||
International Business Machines Corp. | 500 | 58 | ||||||
Jabil Circuit, Inc. | 1,800 | 17 | ||||||
Juniper Networks, Inc.* | 700 | 17 | ||||||
McAfee, Inc.* | 400 | 13 | ||||||
MEMC Electronic Materials, Inc.* | 200 | 14 | ||||||
Microsoft Corp. | 3,100 | 88 | ||||||
Novellus Systems, Inc.* | 500 | 11 | ||||||
Oracle Corp.* | 1,600 | 31 | ||||||
QUALCOMM, Inc. | 600 | 25 | ||||||
Sun Microsystems, Inc.* | 700 | 11 | ||||||
Symantec Corp.* | 600 | 10 | ||||||
Texas Instruments, Inc. | 500 | 14 | ||||||
VeriSign, Inc.* | 300 | 10 | ||||||
Western Union Co. | 700 | 15 | ||||||
Yahoo!, Inc.* | 400 | 12 | ||||||
698 | ||||||||
Insurance (2.3%) | ||||||||
Assurant, Inc. | 200 | 12 | ||||||
Chubb Corp. (The) | 600 | 30 | ||||||
Fidelity National Financial, Inc., Cl A | 600 | 11 | ||||||
Universal American Financial Corp.* | 3,500 | 37 | ||||||
Unum Group | 400 | 9 | ||||||
99 | ||||||||
Machinery Diversified (1.4%) | ||||||||
Caterpillar, Inc. | 200 | 16 | ||||||
NACCO Industries, Inc., Cl A | 100 | 8 | ||||||
Regal-Beloit Corp. | 1,000 | 36 | ||||||
60 | ||||||||
Materials (3.8%) | ||||||||
Alcoa, Inc. | 300 | 11 | ||||||
Celanese Corp., Ser A | 500 | 19 | ||||||
Compass Minerals International, Inc. | 200 | 12 | ||||||
Dow Chemical Co. (The) | 300 | 11 | ||||||
FMC Corp. | 200 | 11 | ||||||
Freeport-McMoRan Copper & Gold, Inc. | 200 | 19 | ||||||
Greif, Inc., Cl A | 200 | 14 | ||||||
Hercules, Inc. | 600 | 11 | ||||||
Monsanto Co. | 200 | 22 | ||||||
Newmont Mining Corp. | 200 | 9 | ||||||
OM Group, Inc.* | 200 | 11 | ||||||
Praxair, Inc. | 200 | 17 | ||||||
167 | ||||||||
Media (0.9%) | ||||||||
DIRECTV Group, Inc. (The)* | 800 | 20 | ||||||
TiVo, Inc.* | 1,100 | 9 | ||||||
Viacom, Inc., Cl B* | 300 | 12 | ||||||
41 | ||||||||
Oil & Gas (2.8%) | ||||||||
Apache Corp. | 200 | 24 | ||||||
Comstock Resources, Inc.* | 400 | 16 | ||||||
EOG Resources, Inc. | 100 | 12 | ||||||
Penn Virginia Corp. | 400 | 18 | ||||||
W&T Offshore, Inc. | 700 | 24 | ||||||
Weatherford International, Ltd.* | 200 | 15 | ||||||
XTO Energy, Inc. | 200 | 12 | ||||||
121 | ||||||||
Retail (1.6%) | ||||||||
Landry’s Restaurants, Inc. | 2,500 | 41 | ||||||
REX Stores Corp.* | 600 | 12 | ||||||
Walgreen Co. | 400 | 15 | ||||||
68 | ||||||||
89
U.S. Equity 130/30 Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Semiconductors (0.5%) | ||||||||
KLA-Tencor Corp. | 300 | 11 | ||||||
NVIDIA Corp.* | 600 | 12 | ||||||
23 | ||||||||
Telecommunication Services (4.2%) | ||||||||
AT&T, Inc. | 2,300 | 88 | ||||||
CenturyTel, Inc. | 500 | 17 | ||||||
Embarq Corp. | 400 | 16 | ||||||
Sprint Nextel Corp. | 1,700 | 11 | ||||||
Superior Essex, Inc.* | 300 | 8 | ||||||
Verizon Communications, Inc. | 1,200 | 44 | ||||||
184 | ||||||||
Transportation (1.4%) | ||||||||
Burlington Northern Santa Fe Corp. | 100 | 9 | ||||||
FedEx Corp. | 200 | 19 | ||||||
Pacer International, Inc. | 1,300 | 21 | ||||||
Union Pacific Corp. | 100 | 13 | ||||||
62 | ||||||||
Utilities (2.6%) | ||||||||
American Electric Power Co., Inc. | 700 | 29 | ||||||
Dominion Resources, Inc. | 200 | 8 | ||||||
Exelon Corp. | 200 | 16 | ||||||
FPL Group, Inc. | 200 | 13 | ||||||
PPL Corp. | 400 | 18 | ||||||
Questar Corp. | 300 | 17 | ||||||
Sempra Energy | 200 | 11 | ||||||
112 | ||||||||
Total Common Stocks | 5,646 | |||||||
Foreign Common Stocks (1.1%) | ||||||||
Financials (1.1%) | ||||||||
Bermuda (1.1%) | ||||||||
PartnerRe, Ltd. | 600 | 46 | ||||||
Total Foreign Common Stocks | 46 | |||||||
Total Investments — 130.0% | ||||||||
(Total Long Positions) (Cost $6,049)(a) | 5,692 | |||||||
Other assets in excess of liabilities — 0.1% | 6 | |||||||
Short Positions (see summary below) (30.1%) | (1,317 | ) | ||||||
Net Assets — 100.0% | $ | 4,381 | ||||||
Short Positions ((30.1)%) | ||||||||
Common Stocks Sold Short ((30.1)%) | ||||||||
Advertising ((0.3)%) | ||||||||
Lamar Advertising Co., Cl A* | (300 | ) | (11 | ) | ||||
Aerospace/Defense ((0.4)%) | ||||||||
LMI Aerospace, Inc.* | (500 | ) | (10 | ) | ||||
Orbital Sciences Corp.* | (400 | ) | (9 | ) | ||||
(19 | ) | |||||||
Building Materials ((0.2)%) | ||||||||
Layne Christensen Co.* | (300 | ) | (10 | ) | ||||
Commercial Services ((4.7)%) | ||||||||
Coinstar, Inc.* | (1,700 | ) | (49 | ) | ||||
Cornell Cos., Inc.* | (1,700 | ) | (38 | ) | ||||
Corrections Corp. of America* | (1,200 | ) | (33 | ) | ||||
FTI Consulting, Inc.* | (200 | ) | (14 | ) | ||||
Geo Group, Inc. (The)* | (900 | ) | (26 | ) | ||||
Healthcare Services Group, Inc. | (600 | ) | (13 | ) | ||||
Hill International, Inc.* | (900 | ) | (11 | ) | ||||
Rollins, Inc. | (700 | ) | (12 | ) | ||||
Tetra Tech, Inc.* | (600 | ) | (12 | ) | ||||
(208 | ) | |||||||
Consumer Discretionary ((4.0)%) | ||||||||
Bright Horizons Family Solutions, Inc.* | (300 | ) | (13 | ) | ||||
Capella Education Co.* | (300 | ) | (16 | ) | ||||
CKE Restaurants, Inc. | (1,200 | ) | (14 | ) | ||||
DeVry, Inc. | (200 | ) | (8 | ) | ||||
Entercom Communications Corp., Cl A | (1,900 | ) | (19 | ) | ||||
Exponent, Inc.* | (500 | ) | (16 | ) | ||||
INVESTools, Inc.* | (1,100 | ) | (12 | ) | ||||
NuCo2, Inc.* | (1,100 | ) | (31 | ) | ||||
Red Lion Hotels Corp.* | (1,500 | ) | (13 | ) | ||||
Sims Group, Ltd. SP ADR | (410 | ) | (11 | ) | ||||
Steinway Musical Instruments, Inc.* | (500 | ) | (14 | ) | ||||
Tennant Co. | (200 | ) | (8 | ) | ||||
(175 | ) | |||||||
Consumer Staples ((0.5)%) | ||||||||
M&F Worldwide Corp.* | (600 | ) | (22 | ) | ||||
Diversified Operations ((0.8)%) | ||||||||
Brink’s Co. (The) | (200 | ) | (13 | ) | ||||
Leggett & Platt, Inc. | (1,500 | ) | (23 | ) | ||||
(36 | ) | |||||||
Energy ((1.7)%) | ||||||||
Covanta Holding Corp.* | (1,600 | ) | (44 | ) | ||||
Global Industries, Ltd.* | (700 | ) | (11 | ) |
90
U.S. Equity 130/30 Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Energy—continued | ||||||||
NRG Energy, Inc.* | (200 | ) | (8 | ) | ||||
Parallel Petroleum Corp.* | (500 | ) | (10 | ) | ||||
(73 | ) | |||||||
Environmental Control ((0.7)%) | ||||||||
CECO Environmental Corp.* | (1,500 | ) | (13 | ) | ||||
Clean Harbors, Inc.* | (300 | ) | (19 | ) | ||||
(32 | ) | |||||||
Financials ((0.3)%) | ||||||||
Duff & Phelps Corp., Cl A* | (700 | ) | (13 | ) | ||||
Health Care ((1.6)%) | ||||||||
AMN Healthcare Services, Inc.* | (1,300 | ) | (20 | ) | ||||
Hanger Orthopedic Group, Inc.* | (1,200 | ) | (13 | ) | ||||
Lincare Holdings, Inc.* | (400 | ) | (11 | ) | ||||
Omnicare, Inc. | (700 | ) | (13 | ) | ||||
VNUS Medical Technologies, Inc.* | (700 | ) | (13 | ) | ||||
(70 | ) | |||||||
Industrials ((4.4)%) | ||||||||
Armstrong World Industries, Inc. | (200 | ) | (7 | ) | ||||
Bucyrus International, Inc., Cl A | (200 | ) | (20 | ) | ||||
Casella Waste Systems, Inc., Cl A* | (3,100 | ) | (34 | ) | ||||
Cavco Industries, Inc.* | (300 | ) | (11 | ) | ||||
Joy Global, Inc. | (200 | ) | (13 | ) | ||||
Kaman Corp. | (900 | ) | (25 | ) | ||||
Landstar System, Inc. | (300 | ) | (16 | ) | ||||
Louisiana-Pacific Corp. | (1,000 | ) | (9 | ) | ||||
PHH Corp.* | (1,200 | ) | (21 | ) | ||||
Titan International, Inc. | (400 | ) | (12 | ) | ||||
Walter Industries, Inc. | (400 | ) | (25 | ) | ||||
(193 | ) | |||||||
Information Technology ((1.4)%) | ||||||||
Diebold, Inc. | (300 | ) | (11 | ) | ||||
Omnicell, Inc.* | (600 | ) | (12 | ) | ||||
SYNNEX Corp.* | (1,100 | ) | (24 | ) | ||||
THQ, Inc.* | (600 | ) | (13 | ) | ||||
(60 | ) | |||||||
Insurance ((0.8)%) | ||||||||
Argo Group International Holdings, Ltd.* | (600 | ) | (21 | ) | ||||
State Auto Financial Corp. | (400 | ) | (12 | ) | ||||
(33 | ) | |||||||
Materials ((0.5)%) | ||||||||
Crown Holdings, Inc.* | (900 | ) | (23 | ) | ||||
Metals ((1.0)%) | ||||||||
A.M. Castle & Co. | (1,600 | ) | (43 | ) | ||||
Miscellaneous Manufacturer ((0.4)%) | ||||||||
Albany International Corp., Cl A | (500 | ) | (18 | ) | ||||
Oil & Gas ((1.2)%) | ||||||||
Calumet Specialty Products Partners, LP | (500 | ) | (12 | ) | ||||
Energy Partners, Ltd.* | (1,200 | ) | (11 | ) | ||||
Hercules Offshore, Inc.* | (500 | ) | (13 | ) | ||||
Superior Well Services, Inc.* | (800 | ) | (17 | ) | ||||
(53 | ) | |||||||
Pipelines ((1.1)%) | ||||||||
Boardwalk Pipeline Partners, LP | (900 | ) | (22 | ) | ||||
Copano Energy LLC | (700 | ) | (24 | ) | ||||
(46 | ) | |||||||
Retail ((2.6)%) | ||||||||
Carrols Restaurant Group, Inc.* | (1,400 | ) | (12 | ) | ||||
Copart, Inc.* | (300 | ) | (12 | ) | ||||
Domino’s Pizza, Inc. | (1,100 | ) | (15 | ) | ||||
Lithia Motors, Inc., Cl A | (1,300 | ) | (13 | ) | ||||
Pantry, Inc. (The)* | (700 | ) | (15 | ) | ||||
Rush Enterprises, Inc., Cl A* | (1,400 | ) | (22 | ) | ||||
Sonic Automotive, Inc., Cl A | (1,100 | ) | (23 | ) | ||||
(112 | ) | |||||||
Semiconductors ((0.5)%) | ||||||||
Monolithic Power Systems, Inc.* | (600 | ) | (10 | ) | ||||
Photon Dynamics, Inc.* | (1,200 | ) | (13 | ) | ||||
(23 | ) | |||||||
Transportation ((1.0)%) | ||||||||
C.H. Robinson Worldwide, Inc. | (800 | ) | (44 | ) | ||||
Total Common Stocks Sold Short | (1,317 | ) | ||||||
Total Investment Securities Sold Short (Proceeds $1,300) | (1,317 | ) | ||||||
* | Non-income producing security. | |
(a) | Represents cost for financial reporting purposes. | |
ADR | — American Depositary Receipt |
91
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (91.3%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 87,200 | 1,049 | ||||||
RidgeWorth International Equity Index Fund | 265,809 | 4,737 | ||||||
RidgeWorth Large Cap Core Equity Fund | 542,762 | 7,734 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 385,282 | 3,833 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 285,508 | 3,306 | ||||||
RidgeWorth Large Cap Value Equity Fund | 554,899 | 6,853 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 137,730 | 1,551 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 39,130 | 375 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 125,344 | 3,550 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 55,609 | 752 | ||||||
RidgeWorth Small Cap Value Equity Fund | 70,979 | 793 | ||||||
Total Equity Funds | 34,533 | |||||||
Exchange Traded Fund (1.4%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 3,922 | 527 | ||||||
Total Exchange Traded Fund | 527 | |||||||
Money Market Fund (7.4%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 2,789,898 | 2,790 | ||||||
Total Money Market Fund | 2,790 | |||||||
Total Investments (Cost $35,068) (b) — 100.1% | 37,850 | |||||||
Liabilities in excess of other assets — (0.1)% | (30 | ) | ||||||
Net Assets — 100.0% | $ | 37,820 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
92
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (19.5%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 5,706 | 69 | ||||||
RidgeWorth International Equity Index Fund | 17,479 | 311 | ||||||
RidgeWorth Large Cap Core Equity Fund | 35,567 | 507 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 25,191 | 251 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 18,700 | 217 | ||||||
RidgeWorth Large Cap Value Equity Fund | 36,240 | 447 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 8,999 | 101 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 2,526 | 24 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 8,248 | 234 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 3,640 | 49 | ||||||
RidgeWorth Small Cap Value Equity Fund | 4,586 | 51 | ||||||
Total Equity Funds | 2,261 | |||||||
Fixed Income Funds (75.1%)(a) | ||||||||
RidgeWorth Seix High Yield Fund | 23,638 | 231 | ||||||
RidgeWorth Total Return Bond Fund | 769,179 | 7,768 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund | 69,002 | 693 | ||||||
Total Fixed Income Funds | 8,692 | |||||||
Exchange Traded Fund (0.3%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 257 | 35 | ||||||
Total Exchange Traded Fund | 35 | |||||||
Money Market Fund (4.9%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 570,308 | 570 | ||||||
Total Money Market Fund | 570 | |||||||
Total Investments (Cost $11,385)(b) — 99.8% | 11,558 | |||||||
Other assets in excess of liabilities — 0.2% | 25 | |||||||
Net Assets — 100.0% | $ | 11,583 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
93
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (64.0%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 153,263 | 1,844 | ||||||
RidgeWorth International Equity Index Fund | 466,660 | 8,316 | ||||||
RidgeWorth Large Cap Core Equity Fund | 954,509 | 13,602 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 672,391 | 6,690 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 500,233 | 5,793 | ||||||
RidgeWorth Large Cap Value Equity Fund | 975,053 | 12,042 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 241,213 | 2,716 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 68,181 | 653 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 219,939 | 6,229 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 97,378 | 1,317 | ||||||
RidgeWorth Small Cap Value Equity Fund | 123,423 | 1,378 | ||||||
Total Equity Funds | 60,580 | |||||||
Fixed Income Funds (28.3%)(a) | ||||||||
RidgeWorth Seix High Yield Fund | 107,707 | 1,053 | ||||||
RidgeWorth Total Return Bond Fund | 2,300,849 | 23,238 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund | 247,377 | 2,481 | ||||||
Total Fixed Income Funds | 26,772 | |||||||
Exchange Traded Fund (1.0%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 6,848 | 921 | ||||||
Total Exchange Traded Fund | 921 | |||||||
Money Market Fund (6.7%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 6,347,202 | 6,347 | ||||||
Total Money Market Fund | 6,347 | |||||||
Total Investments (Cost $88,908)(b) — 100.0% | 94,620 | |||||||
Other assets in excess of liabilities — 0.0% | 38 | |||||||
Net Assets — 100.0% | $ | 94,658 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
94
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (47.8%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 227,694 | 2,739 | ||||||
RidgeWorth International Equity Index Fund | 687,895 | 12,259 | ||||||
RidgeWorth Large Cap Core Equity Fund | 1,410,797 | 20,104 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 991,669 | 9,867 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 732,128 | 8,478 | ||||||
RidgeWorth Large Cap Value Equity Fund | 1,443,160 | 17,823 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 359,328 | 4,046 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 114,322 | 1,095 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 323,872 | 9,172 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 148,593 | 2,011 | ||||||
RidgeWorth Small Cap Value Equity Fund | 182,121 | 2,034 | ||||||
Total Equity Funds | 89,628 | |||||||
Fixed Income Funds (44.7%)(a) | ||||||||
RidgeWorth Seix High Yield Fund | 214,217 | 2,092 | ||||||
RidgeWorth Total Return Bond Fund | 7,459,202 | 75,339 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund | 625,919 | 6,278 | ||||||
Total Fixed Income Funds | 83,709 | |||||||
Exchange Traded Fund (0.8%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 11,068 | 1,487 | ||||||
Total Exchange Traded Fund | 1,487 | |||||||
Money Market Fund (6.6%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 12,374,047 | 12,374 | ||||||
Total Money Market Fund | 12,374 | |||||||
Total Investments (Cost $180,898)(b) — 99.9% | 187,198 | |||||||
Other assets in excess of liabilities — 0.1% | 209 | |||||||
Net Assets — 100.0% | $ | 187,407 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
95
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (73.8%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 6,042 | 73 | ||||||
RidgeWorth International Equity Index Fund | 18,462 | 329 | ||||||
RidgeWorth Large Cap Core Equity Fund | 37,681 | 536 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 26,633 | 265 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 19,791 | 229 | ||||||
RidgeWorth Large Cap Value Equity Fund | 38,523 | 473 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 9,564 | 108 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 2,710 | 26 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 8,700 | 247 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 3,863 | 52 | ||||||
Total Equity Funds | 2,338 | |||||||
Fixed Income Funds (20.1%)(a) | ||||||||
RidgeWorth Seix High Yield Fund | 3,280 | 32 | ||||||
RidgeWorth Total Return Bond Fund | 50,114 | 506 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund | 9,732 | 98 | ||||||
Total Fixed Income Funds | 636 | |||||||
Exchange Traded Funds (2.9%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 273 | 37 | ||||||
iShares Russell 2000 Value Index Fund | 829 | 55 | ||||||
Total Exchange Traded Funds | 92 | |||||||
Money Market Fund (3.2%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 102,486 | 102 | ||||||
Total Money Market Fund | 102 | |||||||
Total Investments (Cost $3,286)(b) — 100.0% | 3,168 | |||||||
Other assets in excess of liabilities — 0.0% | — | |||||||
Net Assets — 100.0% | $ | 3,168 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
96
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (81.8%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 12,305 | 148 | ||||||
RidgeWorth International Equity Index Fund | 37,480 | 668 | ||||||
RidgeWorth Large Cap Core Equity Fund | 76,597 | 1,089 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 54,307 | 540 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 40,198 | 466 | ||||||
RidgeWorth Large Cap Value Equity Fund | 78,372 | 968 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 19,428 | 219 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 5,529 | 53 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 17,665 | 500 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 7,824 | 106 | ||||||
Total Equity Funds | 4,757 | |||||||
Fixed Income Funds (11.0%)(a) | ||||||||
RidgeWorth Total Return Bond Fund | 52,018 | 526 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund | 11,610 | 117 | ||||||
Total Fixed Income Funds | 643 | |||||||
Exchange Traded Funds (3.2%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 552 | 74 | ||||||
iShares Russell 2000 Value Index Fund | 1,681 | 111 | ||||||
Total Exchange Traded Funds | 185 | |||||||
Money Market Fund (4.0%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 234,167 | 234 | ||||||
Total Money Market Fund | 234 | |||||||
Total Investments (Cost $6,321)(b) — 100.0% | 5,819 | |||||||
Liabilities in excess of other assets — 0.0% | (1 | ) | ||||||
Net Assets — 100.0% | $ | 5,818 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
97
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Equity Funds (90.4%)(a) | ||||||||
RidgeWorth Aggressive Growth Stock Fund | 6,827 | 82 | ||||||
RidgeWorth International Equity Index Fund | 20,782 | 370 | ||||||
RidgeWorth Large Cap Core Equity Fund | 42,614 | 607 | ||||||
RidgeWorth Large Cap Growth Stock Fund | 30,322 | 302 | ||||||
RidgeWorth Large Cap Quantitative Equity Fund | 22,319 | 259 | ||||||
RidgeWorth Large Cap Value Equity Fund | 43,536 | 538 | ||||||
RidgeWorth Mid-Cap Core Equity Fund | 10,892 | 122 | ||||||
RidgeWorth Mid-Cap Value Equity Fund | 3,082 | 29 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund | 9,810 | 278 | ||||||
RidgeWorth Small Cap Growth Stock Fund | 4,336 | 59 | ||||||
Total Equity Funds | 2,646 | |||||||
Fixed Income Funds (1.0%)(a) | ||||||||
RidgeWorth Total Return Bond Fund | 2,932 | 30 | ||||||
Total Fixed Income Funds | 30 | |||||||
Exchange Traded Funds (3.5%) | ||||||||
iShares MSCI Emerging Markets Index Fund | 308 | 41 | ||||||
iShares Russell 2000 Value Index Fund | 923 | 61 | ||||||
Total Exchange Traded Funds | 102 | |||||||
Money Market Fund (5.2%)(a) | ||||||||
RidgeWorth Prime Quality Money Market Fund | 151,931 | 152 | ||||||
Total Money Market Fund | 152 | |||||||
Total Investments (Cost $3,197)(b) — 100.1% | 2,930 | |||||||
Liabilities in excess of other assets — (0.1)% | (2 | ) | ||||||
Net Assets — 100.0% | $ | 2,928 | ||||||
(a) | Affiliate investment. Investment is in I Shares. | |
(b) | Represents cost for financial reporting purposes. |
98
Aggressive | Emerging | International | International | Large Cap | ||||||||||||||||||||
Growth | Growth | Equity | International | Equity | Core | |||||||||||||||||||
Stock Fund | Stock Fund | 130/30 Fund | Equity Fund | Index Fund | Equity Fund | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Total Investments, at Cost | $ | 360,462 | $ | 161,048 | $ | 5,832 | $ | 1,069,339 | $ | 790,965 | $ | 1,397,464 | ||||||||||||
Investments, at Value* | $ | 384,650 | $ | 154,574 | $ | 5,627 | $ | 1,174,706 | $ | 1,092,725 | $ | 1,515,188 | ||||||||||||
Investments in Affiliates, at Value | — | 3,769 | — | — | — | 12,803 | ||||||||||||||||||
Total Investments | 384,650 | 158,343 | 5,627 | 1,174,706 | 1,092,725 | 1,527,991 | ||||||||||||||||||
Foreign Currency, at Value (Cost $—, $—, $21, $77, $445 and $—, respectively) | — | — | 21 | 108 | 447 | — | ||||||||||||||||||
Cash | 737 | — | — | — | — | — | ||||||||||||||||||
Interest and Dividends Receivable | 58 | 34 | 16 | 3,895 | 4,129 | 1,426 | ||||||||||||||||||
Receivable for Capital Shares Issued | 261 | — | — | 579 | 552 | 786 | ||||||||||||||||||
Receivable for Investment Securities Sold | — | 51 | 909 | 48,469 | 991 | 7,778 | ||||||||||||||||||
Reclaims Receivable | — | — | — | 237 | 170 | — | ||||||||||||||||||
Receivable from Adviser | — | — | 49 | — | — | — | ||||||||||||||||||
Prepaid Expenses | 7 | 4 | 29 | 13 | 6 | 7 | ||||||||||||||||||
Total Assets | 385,713 | 158,432 | 6,651 | 1,228,007 | 1,099,020 | 1,537,988 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Payable for Fund Overdraft | — | — | 30 | — | 991 | — | ||||||||||||||||||
Payable for Investment Securities Purchased | — | 1,196 | 958 | 38,162 | — | — | ||||||||||||||||||
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $1,256, $—, $— and $—, respectively) | — | — | 1,272 | — | — | — | ||||||||||||||||||
Dividends Payable for Securities Sold Short | — | — | 6 | — | — | — | ||||||||||||||||||
Payable for Capital Shares Redeemed | 50 | 2 | — | 128 | 556 | 886 | ||||||||||||||||||
Payable upon Return of Securities Loaned | 75,245 | 39,684 | — | 79,849 | 126,005 | 214,325 | ||||||||||||||||||
Investment Advisory Fees Payable | 288 | 107 | 3 | 1,036 | 402 | 911 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 2 | 1 | 9 | 11 | 18 | 13 | ||||||||||||||||||
Compliance Services Fees Payable | 1 | 1 | — | 3 | 5 | 7 | ||||||||||||||||||
Distribution and Service Fees Payable | 2 | — | — | 9 | 7 | 48 | ||||||||||||||||||
Custodian Fees Payable | 4 | 3 | 29 | 221 | 210 | 17 | ||||||||||||||||||
Trustee Fees Payable | 2 | 1 | — | 6 | 9 | 12 | ||||||||||||||||||
Accrued Expenses | 24 | 9 | 1 | 60 | 80 | 121 | ||||||||||||||||||
Total Liabilities | 75,618 | 41,004 | 2,308 | 119,485 | 128,283 | 216,340 | ||||||||||||||||||
Net Assets | $ | 310,095 | $ | 117,428 | $ | 4,343 | $ | 1,108,522 | $ | 970,737 | $ | 1,321,648 | ||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||
Capital | $ | 285,813 | $ | 118,785 | $ | 4,994 | $ | 995,941 | $ | 703,009 | $ | 1,241,068 | ||||||||||||
Accumulated Net Investment Income (Loss) | (5 | ) | (8 | ) | (11 | ) | 1 | 1,665 | (7 | ) | ||||||||||||||
Accumulated Net Realized Gain (Loss) from Investment and Foreign Currency Transactions | 99 | 1,356 | (420 | ) | 7,107 | (35,713 | ) | (49,940 | ) | |||||||||||||||
Net Unrealized Appreciation/Depreciation on Investments and Foreign Currencies | 24,188 | (2,705 | ) | (220 | ) | 105,473 | 301,776 | 130,527 | ||||||||||||||||
Net Assets | $ | 310,095 | $ | 117,428 | $ | 4,343 | $ | 1,108,522 | $ | 970,737 | $ | 1,321,648 | ||||||||||||
Net Assets: | ||||||||||||||||||||||||
I Shares | $ | 306,709 | $ | 116,703 | $ | 4,343 | $ | 1,089,572 | $ | 958,514 | $ | 1,239,965 | ||||||||||||
A Shares | 893 | 632 | N/A | 12,288 | 6,052 | 35,341 | ||||||||||||||||||
C Shares | 2,493 | 93 | N/A | 6,662 | 6,171 | 46,342 | ||||||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||
I Shares | 25,493 | 10,529 | 500 | 79,115 | 53,782 | 87,039 | ||||||||||||||||||
A Shares | 75 | 58 | N/A | 903 | 343 | 2,455 | ||||||||||||||||||
C Shares | 216 | 9 | N/A | 523 | 359 | 3,303 | ||||||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||||||
I Shares | $ | 12.03 | $ | 11.08 | $ | 8.69 | $ | 13.77 | $ | 17.82 | $ | 14.25 | ||||||||||||
A Shares | 11.88 | 10.92 | N/A | 13.61 | 17.67 | 14.40 | ||||||||||||||||||
C Shares(b) | 11.54 | 10.62 | N/A | 12.74 | 17.18 | 14.03 | ||||||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||||||
I Shares | $ | 12.03 | $ | 11.08 | $ | 8.69 | $ | 13.77 | $ | 17.82 | $ | 14.25 | ||||||||||||
A Shares | 12.60 | 11.59 | N/A | 14.44 | 18.75 | 15.28 | ||||||||||||||||||
C Shares | 11.54 | 10.62 | N/A | 12.74 | 17.18 | 14.03 | ||||||||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
* | Investments include securities on loan of $73,349, $38,081, $—, $76,424, $119,968 and $210,118, respectively. |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
(b) | Redemption price per share varies based on length of time shares are held. |
99
Large Cap | Large Cap | Large Cap | Mid-Cap | Mid-Cap | ||||||||||||||||||||
Growth | Quantitative | Value | Core | Value | Real Estate | |||||||||||||||||||
Stock Fund | Equity Fund | Equity Fund | Equity Fund | Equity Fund | 130/30 Fund | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Total Investments, at Cost | $ | 851,404 | $ | 241,076 | $ | 1,163,534 | $ | 273,093 | $ | 358,772 | $ | 6,632 | ||||||||||||
Investments, at Value* | $ | 894,113 | $ | 235,258 | $ | 1,119,640 | $ | 290,040 | $ | 326,568 | $ | 6,676 | ||||||||||||
Investments in Affiliates, at Value | 29,934 | 3,378 | 37,272 | 1,194 | 11,106 | — | ||||||||||||||||||
Total Investments | 924,047 | 238,636 | 1,156,912 | 291,234 | 337,674 | 6,676 | ||||||||||||||||||
Interest and Dividends Receivable | 817 | 264 | 1,551 | 340 | 586 | 37 | ||||||||||||||||||
Receivable for Capital Shares Issued | 628 | 38 | 3,574 | 190 | 135 | — | ||||||||||||||||||
Receivable for Investment Securities Sold | 9,083 | — | 26,684 | 1,951 | 8,466 | — | ||||||||||||||||||
Receivable from Adviser | — | — | — | — | — | 9 | ||||||||||||||||||
Prepaid Expenses | 6 | 4 | 13 | 9 | 11 | 29 | ||||||||||||||||||
Total Assets | 934,581 | 238,942 | 1,188,734 | 293,724 | 346,872 | 6,751 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Payable for Fund Overdraft | — | — | — | — | — | 35 | ||||||||||||||||||
Payable for Investment Securities Purchased | 15,174 | 996 | 23,634 | 468 | 6,693 | — | ||||||||||||||||||
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $—, $—, $— and $1,616, respectively) | — | — | — | — | — | 1,531 | ||||||||||||||||||
Dividends Payable for Securities Sold Short | — | — | — | — | — | 4 | ||||||||||||||||||
Payable for Capital Shares Redeemed | 221 | 8 | 363 | 184 | 511 | — | ||||||||||||||||||
Payable Upon Return of Securities Loaned | 191,106 | — | 188,738 | 91,392 | 69,597 | — | ||||||||||||||||||
Investment Advisory Fees Payable | 583 | 170 | 626 | 173 | 230 | 4 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 12 | 2 | 10 | 3 | 3 | 1 | ||||||||||||||||||
Compliance Services Fees Payable | 4 | 1 | 5 | 1 | 1 | — | ||||||||||||||||||
Distribution and Service Fees Payable | 41 | 1 | 37 | 8 | 5 | — | ||||||||||||||||||
Custodian Fees Payable | 8 | 11 | 11 | 5 | 5 | 2 | ||||||||||||||||||
Trustee Fees Payable | 6 | 2 | 8 | 2 | 2 | — | ||||||||||||||||||
Accrued Expenses | 69 | 21 | 82 | 23 | 24 | 1 | ||||||||||||||||||
Total Liabilities | 207,224 | 1,212 | 213,514 | 92,259 | 77,071 | 1,578 | ||||||||||||||||||
Net Assets | $ | 727,357 | $ | 237,730 | $ | 975,220 | $ | 201,465 | $ | 269,801 | $ | 5,173 | ||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||
Capital | $ | 656,507 | $ | 254,333 | $ | 1,020,884 | $ | 178,904 | $ | 316,247 | $ | 5,034 | ||||||||||||
Accumulated Net Investment Income (Loss) | (5 | ) | (3 | ) | 232 | 26 | 145 | — | ||||||||||||||||
Accumulated Net Realized Gain (Loss) from Investment Transactions | (1,788 | ) | (14,160 | ) | (39,274 | ) | 4,394 | (25,493 | ) | 10 | ||||||||||||||
Net Unrealized Appreciation/Depreciation on Investments | 72,643 | (2,440 | ) | (6,622 | ) | 18,141 | (21,098 | ) | 129 | |||||||||||||||
Net Assets | $ | 727,357 | $ | 237,730 | $ | 975,220 | $ | 201,465 | $ | 269,801 | $ | 5,173 | ||||||||||||
Net Assets: | ||||||||||||||||||||||||
I Shares | $ | 633,291 | $ | 235,925 | $ | 898,491 | $ | 185,543 | $ | 257,978 | $ | 5,173 | ||||||||||||
A Shares | 66,115 | 830 | 47,400 | 8,614 | 7,774 | N/A | ||||||||||||||||||
C Shares | 27,949 | 975 | 29,329 | 7,308 | 4,049 | N/A | ||||||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||
I Shares | 63,650 | 20,377 | 72,752 | 16,480 | 26,943 | 503 | ||||||||||||||||||
A Shares | 7,134 | 72 | 3,852 | 805 | 815 | N/A | ||||||||||||||||||
C Shares | 3,339 | 88 | 2,413 | 757 | 428 | N/A | ||||||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||||||
I Shares | $ | 9.95 | $ | 11.58 | $ | 12.35 | $ | 11.26 | $ | 9.58 | $ | 10.28 | ||||||||||||
A Shares | 9.27 | 11.47 | 12.30 | 10.70 | 9.53 | N/A | ||||||||||||||||||
C Shares(b) | 8.37 | 11.10 | 12.16 | 9.66 | 9.47 | N/A | ||||||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||||||
I Shares | $ | 9.95 | $ | 11.58 | $ | 12.35 | $ | 11.26 | $ | 9.58 | $ | 10.28 | ||||||||||||
A Shares | 9.84 | 12.17 | 13.05 | 11.35 | 10.11 | N/A | ||||||||||||||||||
C Shares | 8.37 | 11.10 | 12.16 | 9.66 | 9.47 | N/A | ||||||||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
* | Investments include securities on loan of $186,031, $—, $184,366, $88,223, $68,158 and $—, respectively. |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
(b) | Redemption price per share varies based on length of time shares are held. |
100
Select | Life Vision | |||||||||||||||||||||||
Large Cap | Small Cap | Small Cap | U.S. Equity | Aggressive | Life Vision | |||||||||||||||||||
Growth | Growth | Value | 130/30 | Growth | Conservative | |||||||||||||||||||
Stock Fund | Stock Fund | Equity Fund | Fund | Fund | Fund | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Total Investments, at Cost | $ | 146,903 | $ | 730,545 | $ | 726,521 | $ | 6,049 | $ | 35,068 | $ | 11,385 | ||||||||||||
Investments, at Value* | $ | 151,475 | $ | 755,210 | $ | 679,527 | $ | 5,692 | $ | 527 | $ | 35 | ||||||||||||
Investments in Affiliates, at Value | 6,084 | 8,706 | 14,311 | — | 37,323 | 11,523 | ||||||||||||||||||
Total Investments | 157,559 | 763,916 | 693,838 | 5,692 | 37,850 | 11,558 | ||||||||||||||||||
Interest and Dividends Receivable | 124 | 274 | 1,081 | 6 | 7 | 34 | ||||||||||||||||||
Receivable for Capital Shares Issued | 60 | 639 | 250 | — | 44 | 2 | ||||||||||||||||||
Receivable for Investment Securities Sold | — | 5,338 | 9,917 | 282 | 23 | 1 | ||||||||||||||||||
Receivable from Adviser | — | — | — | 14 | 1 | 1 | ||||||||||||||||||
Prepaid Expenses | 8 | 10 | 12 | 29 | 1 | 1 | ||||||||||||||||||
Total Assets | 157,751 | 770,177 | 705,098 | 6,023 | 37,926 | 11,597 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Payable for Fund Overdraft | — | — | — | 23 | — | — | ||||||||||||||||||
Payable for Investment Securities Purchased | 2,528 | 1,031 | 8,517 | 291 | 65 | 4 | ||||||||||||||||||
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $—, $1,300, $—, and $—, respectively) | — | — | — | 1,317 | — | — | ||||||||||||||||||
Dividends Payable for Securities Sold Short | — | — | — | 1 | — | — | ||||||||||||||||||
Payable for Capital Shares Redeemed | 268 | 729 | 299 | — | 20 | — | ||||||||||||||||||
Payable Upon Return of Securities Loaned | 30,968 | 246,294 | 199,183 | — | — | — | ||||||||||||||||||
Investment Advisory Fees Payable | 88 | 506 | 482 | 2 | 3 | 1 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 3 | 9 | 5 | 1 | 1 | — | ||||||||||||||||||
Compliance Services Fees Payable | 1 | 4 | 2 | — | — | — | ||||||||||||||||||
Distribution and Service Fees Payable | 23 | 17 | 6 | — | 5 | 4 | ||||||||||||||||||
Custodian Fees Payable | 2 | 17 | 6 | 6 | 2 | 1 | ||||||||||||||||||
Trustee Fees Payable | 1 | 7 | 4 | — | — | — | ||||||||||||||||||
Accrued Expenses | 13 | 75 | 40 | 1 | 10 | 4 | ||||||||||||||||||
Total Liabilities | 33,895 | 248,689 | 208,544 | 1,642 | 106 | 14 | ||||||||||||||||||
Net Assets | $ | 123,856 | $ | 521,488 | $ | 496,554 | $ | 4,381 | $ | 37,820 | $ | 11,583 | ||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||
Capital | $ | 283,259 | $ | 513,628 | $ | 523,899 | $ | 5,006 | $ | 31,504 | $ | 11,381 | ||||||||||||
Accumulated Net Investment Income (Loss) | — | (4 | ) | 510 | 1 | 87 | 88 | |||||||||||||||||
Accumulated Net Realized Gain (Loss) from Investment Transactions | (170,059 | ) | (25,507 | ) | 4,828 | (252 | ) | 3,447 | (59 | ) | ||||||||||||||
Net Unrealized Appreciation/Depreciation on Investments | 10,656 | 33,371 | (32,683 | ) | (374 | ) | 2,782 | 173 | ||||||||||||||||
Net Assets | $ | 123,856 | $ | 521,488 | $ | 496,554 | $ | 4,381 | $ | 37,820 | $ | 11,583 | ||||||||||||
Net Assets: | ||||||||||||||||||||||||
I Shares | $ | 96,704 | $ | 490,675 | $ | 469,424 | $ | 4,381 | $ | 28,514 | $ | 5,177 | ||||||||||||
A Shares | 556 | 16,490 | 4,887 | N/A | 3,067 | 663 | ||||||||||||||||||
B Shares | N/A | N/A | N/A | N/A | 4,472 | 4,903 | ||||||||||||||||||
C Shares | 26,596 | 14,323 | 22,243 | N/A | 1,767 | 840 | ||||||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||
I Shares | 3,415 | 36,257 | 42,012 | 501 | 2,749 | 466 | ||||||||||||||||||
A Shares | 20 | 1,280 | 443 | N/A | 296 | 60 | ||||||||||||||||||
B Shares | N/A | N/A | N/A | N/A | 439 | 442 | ||||||||||||||||||
C Shares | 1,024 | 1,259 | 2,088 | N/A | 172 | 76 | ||||||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||||||
I Shares | $ | 28.32 | $ | 13.53 | $ | 11.17 | $ | 8.75 | $ | 10.37 | $ | 11.11 | ||||||||||||
A Shares | 28.06 | 12.88 | 11.03 | N/A | 10.33 | 11.12 | ||||||||||||||||||
B Shares(b) | N/A | N/A | N/A | N/A | 10.19 | 11.10 | ||||||||||||||||||
C Shares(b) | 25.98 | 11.38 | 10.65 | N/A | 10.29 | 11.09 | ||||||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||||||
I Shares | $ | 28.32 | $ | 13.53 | $ | 11.17 | $ | 8.75 | $ | 10.37 | $ | 11.11 | ||||||||||||
A Shares | 29.77 | 13.67 | 11.70 | N/A | 10.96 | 11.67 | ||||||||||||||||||
B Shares | N/A | N/A | N/A | N/A | 10.19 | 11.10 | ||||||||||||||||||
C Shares | 25.98 | 11.38 | 10.65 | N/A | 10.29 | 11.09 | ||||||||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 4.75 | % |
* | Investments include securities on loan of $30,435, $240,810, $194,501, $—, $— and $—, respectively. |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
(b) | Redemption price per share varies based on length of time shares are held. |
101
Life Vision | Life Vision | Life Vision | Life Vision | Life Vision | ||||||||||||||||
Growth and | Moderate | Target Date | Target Date | Target Date | ||||||||||||||||
Income Fund | Growth Fund | 2015 Fund | 2025 Fund | 2035 Fund | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $ | 88,908 | $ | 180,898 | $ | 3,286 | $ | 6,321 | $ | 3,197 | ||||||||||
Investments, at Value | $ | 921 | $ | 1,487 | $ | 92 | $ | 185 | $ | 102 | ||||||||||
Investments in Affiliates, at Value | 93,699 | 185,711 | 3,076 | 5,634 | 2,828 | |||||||||||||||
Total Investments | 94,620 | 187,198 | 3,168 | 5,819 | 2,930 | |||||||||||||||
Dividends Receivable | 108 | 370 | 2 | 1 | — | |||||||||||||||
Receivable for Capital Shares Issued | 62 | 102 | 5 | 8 | 7 | |||||||||||||||
Receivable for Investment Securities Sold | 223 | 4,958 | — | 14 | 6 | |||||||||||||||
Receivable from Adviser | — | — | 3 | 1 | 1 | |||||||||||||||
Prepaid Expenses | 3 | 10 | 2 | 2 | 1 | |||||||||||||||
Total Assets | 95,016 | 192,638 | 3,180 | 5,845 | 2,945 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 118 | 4,804 | 3 | 12 | 11 | |||||||||||||||
Payable for Capital Shares Redeemed | 207 | 364 | 2 | 10 | 2 | |||||||||||||||
Investment Advisory Fees Payable | 8 | 16 | — | 1 | — | |||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 1 | 3 | — | — | — | |||||||||||||||
Compliance Services Fees Payable | — | 1 | — | — | — | |||||||||||||||
Distribution and Service Fees Payable | 15 | 26 | — | — | — | |||||||||||||||
Custodian Fees Payable | 1 | 2 | 3 | 2 | 2 | |||||||||||||||
Trustee Fees Payable | — | 1 | — | — | — | |||||||||||||||
Accrued Expenses | 8 | 14 | 4 | 2 | 2 | |||||||||||||||
Total Liabilities | 358 | 5,231 | 12 | 27 | 17 | |||||||||||||||
Net Assets | $ | 94,658 | $ | 187,407 | $ | 3,168 | $ | 5,818 | $ | 2,928 | ||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $ | 81,728 | $ | 176,151 | $ | 3,398 | $ | 6,264 | $ | 3,137 | ||||||||||
Accumulated Net Investment Income (Loss) | 292 | 1,038 | 14 | 14 | 7 | |||||||||||||||
Accumulated Net Realized Gain (Loss) from Investment Transactions | 6,926 | 3,918 | (126 | ) | 42 | 51 | ||||||||||||||
Net Unrealized Appreciation/Depreciation on Investments | 5,712 | 6,300 | (118 | ) | (502 | ) | (267 | ) | ||||||||||||
Net Assets | $ | 94,658 | $ | 187,407 | $ | 3,168 | $ | 5,818 | $ | 2,928 | ||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $ | 69,704 | $ | 147,784 | $ | 3,150 | $ | 5,770 | $ | 2,908 | ||||||||||
A Shares | 5,031 | 8,632 | 18 | 48 | 20 | |||||||||||||||
B Shares | 14,339 | 10,572 | N/A | N/A | N/A | |||||||||||||||
C Shares | 5,584 | 20,419 | N/A | N/A | N/A | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||
I Shares | 6,164 | 14,232 | 296 | 532 | 273 | |||||||||||||||
A Shares | 446 | 832 | 2 | 4 | 2 | |||||||||||||||
B Shares | 1,272 | 1,022 | N/A | N/A | N/A | |||||||||||||||
C Shares | 498 | 1,974 | N/A | N/A | N/A | |||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||
I Shares | $ | 11.31 | $ | 10.38 | $ | 10.63 | $ | 10.84 | $ | 10.65 | ||||||||||
A Shares | 11.28 | 10.37 | 10.61 | 10.83 | 10.64 | |||||||||||||||
B Shares(b) | 11.27 | 10.34 | N/A | N/A | N/A | |||||||||||||||
C Shares(b) | 11.22 | 10.34 | N/A | N/A | N/A | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||
I Shares | $ | 11.31 | $ | 10.38 | $ | 10.63 | $ | 10.84 | $ | 10.65 | ||||||||||
A Shares | 11.97 | 11.00 | 11.26 | 11.49 | 11.29 | |||||||||||||||
B Shares | 11.27 | 10.34 | N/A | N/A | N/A | |||||||||||||||
C Shares | 11.22 | 10.34 | N/A | N/A | N/A | |||||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. |
(b) | Redemption price per share varies based on length of time shares are held. |
102
Aggressive | Emerging | International | International | Large Cap | ||||||||||||||||||||
Growth | Growth | Equity | International | Equity | Core | |||||||||||||||||||
Stock Fund | Stock Fund | 130/30 Fund* | Equity Fund | Index Fund | Equity Fund | |||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||
Dividend Income | $ | 949 | $ | 195 | $ | 27 | $ | 40,563 | $ | 36,199 | $ | 31,711 | ||||||||||||
Dividend Income from Affiliated Investment Companies | 220 | 137 | — | — | — | 607 | ||||||||||||||||||
Interest Income | — | — | 6 | 303 | 526 | — | ||||||||||||||||||
Net Income from Securities Lending | 427 | 263 | — | 1,784 | 2,083 | 877 | ||||||||||||||||||
Less: Foreign Taxes Withheld | — | — | (1 | ) | (3,264 | ) | (3,197 | ) | — | |||||||||||||||
Total Investment Income | 1,596 | 595 | 32 | 39,386 | 35,611 | 33,195 | ||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Investment Advisory Fees | 3,838 | 1,433 | 14 | 13,365 | 5,192 | 12,877 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 93 | 34 | 12 | 367 | 406 | 447 | ||||||||||||||||||
Compliance Services Fees | 5 | 2 | — | 20 | 19 | 24 | ||||||||||||||||||
Distribution and Service Fees — A Shares | 3 | 2 | N/A | 45 | 19 | 113 | ||||||||||||||||||
Distribution and Service Fees — C Shares | 32 | 1 | N/A | 81 | 71 | 622 | ||||||||||||||||||
Custodian Fees | 13 | 8 | 28 | 656 | 554 | 51 | ||||||||||||||||||
Printing Fees | 19 | 6 | — | 49 | 48 | 75 | ||||||||||||||||||
Registration Fees | 32 | 25 | 11 | 31 | 30 | 36 | ||||||||||||||||||
Trustee Fees | 8 | 3 | — | 27 | 26 | 38 | ||||||||||||||||||
Dividend Expense on Securities Sold Short | — | — | 20 | — | — | — | ||||||||||||||||||
Other Fees | 26 | 12 | 2 | 88 | 70 | 119 | ||||||||||||||||||
Total Expenses | 4,069 | 1,526 | 87 | 14,729 | 6,435 | 14,402 | ||||||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | — | — | (48 | ) | — | — | — | |||||||||||||||||
Less: Administration Fees Waived | (4 | ) | (2 | ) | — | (13 | ) | (11 | ) | (17 | ) | |||||||||||||
Net Expenses | 4,065 | 1,524 | 39 | 14,716 | 6,424 | 14,385 | ||||||||||||||||||
Net Investment Income (Loss) | (2,469 | ) | (929 | ) | (7 | ) | 24,670 | 29,187 | 18,810 | |||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies: | ||||||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||||||
Investment and Foreign Currency Transactions | 31,134 | 13,996 | (514 | ) | 103,684 | 27,147 | 23,357 | |||||||||||||||||
Securities Sold Short | — | — | 84 | — | — | — | ||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on: | ||||||||||||||||||||||||
Investments and Foreign Currencies | (35,691 | ) | (20,002 | ) | (204 | ) | (166,780 | ) | (79,504 | ) | (186,337 | ) | ||||||||||||
Securities Sold Short | — | — | (16 | ) | — | — | — | |||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies | (4,557 | ) | (6,006 | ) | (650 | ) | (63,096 | ) | (52,357 | ) | (162,980 | ) | ||||||||||||
Change in Net Assets from Operations | $ | (7,026 | ) | $ | (6,935 | ) | $ | (657 | ) | $ | (38,426 | ) | $ | (23,170 | ) | $ | (144,170 | ) | ||||||
* | From Commencement of Operations. |
103
Large Cap | Large Cap | Large Cap | Mid-Cap | Mid-Cap | ||||||||||||||||||||
Growth | Quantitative | Value | Core | Value | Real Estate | |||||||||||||||||||
Stock Fund | Equity Fund | Equity Fund | Equity Fund | Equity Fund | 130/30 Fund* | |||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||
Dividend Income | $ | 11,113 | $ | 4,242 | $ | 26,999 | $ | 4,451 | $ | 6,929 | $ | 54 | ||||||||||||
Dividend Income from Affiliated Investment Companies | 844 | 106 | 2,299 | 141 | 530 | — | ||||||||||||||||||
Net Income from Securities Lending | 701 | — | 799 | 272 | 322 | — | ||||||||||||||||||
Total Investment Income | 12,658 | 4,348 | 30,097 | 4,864 | 7,781 | 54 | ||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Investment Advisory Fees | 8,298 | 2,400 | 8,469 | 2,992 | 3,017 | 16 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 274 | 77 | 307 | 90 | 87 | 1 | ||||||||||||||||||
Compliance Services Fees | 14 | 8 | 19 | 5 | 5 | — | ||||||||||||||||||
Distribution and Service Fees — A Shares | 234 | 3 | 178 | 32 | 16 | N/A | ||||||||||||||||||
Distribution and Service Fees — C Shares | 346 | 12 | 371 | 96 | 55 | N/A | ||||||||||||||||||
Custodian Fees | 27 | 34 | 37 | 14 | 16 | 3 | ||||||||||||||||||
Printing Fees | 41 | 12 | 50 | 13 | 14 | — | ||||||||||||||||||
Registration Fees | 32 | 30 | 31 | 32 | 32 | 9 | ||||||||||||||||||
Trustee Fees | 19 | 6 | 26 | 6 | 7 | — | ||||||||||||||||||
Dividend Expense on Securities Sold Short | — | — | — | — | — | 13 | ||||||||||||||||||
Other Fees | 96 | 22 | 78 | 26 | 28 | 1 | ||||||||||||||||||
Total Expenses | 9,381 | 2,604 | 9,566 | 3,306 | 3,277 | 43 | ||||||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | — | — | — | — | — | (11 | ) | |||||||||||||||||
Less: Administration Fees Waived | (83 | ) | (3 | ) | (12 | ) | (3 | ) | (6 | ) | — | |||||||||||||
Net Expenses | 9,298 | 2,601 | 9,554 | 3,303 | 3,271 | 32 | ||||||||||||||||||
Net Investment Income (Loss) | 3,360 | 1,747 | 20,543 | 1,561 | 4,510 | 22 | ||||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||||||
Investment Transactions | 123,995 | (5,691 | ) | 38,999 | 22,544 | 1,206 | (192 | ) | ||||||||||||||||
Securities Sold Short | — | — | — | — | — | 214 | ||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on: | ||||||||||||||||||||||||
Investments | (89,661 | ) | (10,191 | ) | (135,590 | ) | (43,429 | ) | (33,320 | ) | 44 | |||||||||||||
Securities Sold Short | — | — | — | — | — | 85 | ||||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments | 34,334 | (15,882 | ) | (96,591 | ) | (20,885 | ) | (32,114 | ) | 151 | ||||||||||||||
Change in Net Assets from Operations | $ | 37,694 | $ | (14,135 | ) | $ | (76,048 | ) | $ | (19,324 | ) | $ | (27,604 | ) | $ | 173 | ||||||||
* | From Commencement of Operations. |
104
Select | ||||||||||||||||||||||||
Large Cap | Small Cap | Small Cap | Life Vision | Life Vision | ||||||||||||||||||||
Growth | Growth | Value | U.S. Equity | Aggressive | Conservative | |||||||||||||||||||
Stock Fund | Stock Fund | Equity Fund | 130/30 Fund* | Growth Fund | Fund | |||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||
Dividend Income | $ | 1,322 | $ | 2,010 | $ | 13,683 | $ | 28 | $ | 12 | $ | 1 | ||||||||||||
Dividend Income from Affiliated Investment Companies | 188 | 735 | 787 | — | 635 | 429 | ||||||||||||||||||
Interest Income | — | — | — | 1 | — | — | ||||||||||||||||||
Net Income from Securities Lending | 68 | 1,500 | 904 | — | — | — | ||||||||||||||||||
Total Investment Income | 1,578 | 4,245 | 15,374 | 29 | 647 | 430 | ||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Investment Advisory Fees | 1,104 | 7,781 | 7,318 | 13 | 50 | 10 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 53 | 213 | 182 | 2 | 16 | 4 | ||||||||||||||||||
Compliance Services Fees | 2 | 13 | 11 | — | 1 | — | ||||||||||||||||||
Distribution and Service Fees — A Shares | 2 | 66 | 16 | N/A | 10 | 2 | ||||||||||||||||||
Distribution and Service Fees — B Shares | N/A | N/A | N/A | N/A | 40 | 35 | ||||||||||||||||||
Distribution and Service Fees — C Shares | 314 | 195 | 77 | N/A | 17 | 8 | ||||||||||||||||||
Custodian Fees | 6 | 47 | 25 | 9 | 6 | 5 | ||||||||||||||||||
Printing Fees | 9 | 42 | 33 | — | 9 | 2 | ||||||||||||||||||
Registration Fees | 26 | 33 | 34 | 9 | 8 | 7 | ||||||||||||||||||
Trustee Fees | 3 | 18 | 15 | — | 1 | — | ||||||||||||||||||
Dividend Expense on Securities Sold Short | — | — | — | 8 | — | — | ||||||||||||||||||
Other Fees | 26 | 66 | 46 | 1 | 9 | 4 | ||||||||||||||||||
Total Expenses | 1,545 | 8,474 | 7,757 | 42 | 167 | 77 | ||||||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | — | — | — | (19 | ) | (3 | ) | (10 | ) | |||||||||||||||
Less: Administration Fees Waived | (7 | ) | (63 | ) | (7 | ) | — | (3 | ) | (3 | ) | |||||||||||||
Net Expenses | 1,538 | 8,411 | 7,750 | 23 | 161 | 64 | ||||||||||||||||||
Net Investment Income (Loss) | 40 | (4,166 | ) | 7,624 | 6 | 486 | 366 | |||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||||||
Investment Transactions** | 7,032 | 116,819 | 82,203 | (369 | ) | 5,236 | (129 | ) | ||||||||||||||||
Securities Sold Short | — | — | — | 118 | — | — | ||||||||||||||||||
Capital Gain Received from Investments in Affiliated Investment Companies | — | — | — | — | 3,409 | 254 | ||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on: | ||||||||||||||||||||||||
Investments** | (646 | ) | (129,557 | ) | (150,184 | ) | (357 | ) | (9,753 | ) | (223 | ) | ||||||||||||
Securities Sold Short | — | — | — | (17 | ) | — | — | |||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments | 6,386 | (12,738 | ) | (67,981 | ) | (625 | ) | (1,108 | ) | (98 | ) | |||||||||||||
Change in Net Assets from Operations | $ | 6,426 | $ | (16,904 | ) | $ | (60,357 | ) | $ | (619 | ) | $ | (622 | ) | $ | 268 | ||||||||
* | From Commencement of Operations. |
** | Net realized gain (loss) from investment transactions and net change in unrealized appreciation/depreciation on investments for the Life Vision Funds are primarily attributable to the underlying investments in affiliated investment companies. |
105
Life | Life | Life | Life | Life | ||||||||||||||||
Vision | Vision | Vision | Vision | Vision | ||||||||||||||||
Growth and | Moderate | Target Date | Target Date | Target Date | ||||||||||||||||
Income Fund | Growth Fund | 2015 Fund | 2025 Fund | 2035 Fund | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend Income | $ | 26 | $ | 24 | $ | 54 | $ | 3 | $ | 1 | ||||||||||
Dividend Income from Affiliated Investment Companies | 2,619 | 6,687 | 2 | 80 | 31 | |||||||||||||||
Total Investment Income | 2,645 | 6,711 | 56 | 83 | 32 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 121 | 221 | 3 | 6 | 2 | |||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 38 | 73 | 1 | 2 | 1 | |||||||||||||||
Compliance Services Fees | 2 | 4 | — | — | — | |||||||||||||||
Distribution and Service Fees — A Shares | 18 | 31 | — | — | — | |||||||||||||||
Distribution and Service Fees — B Shares | 124 | 93 | N/A | N/A | N/A | |||||||||||||||
Distribution and Service Fees — C Shares | 60 | 232 | N/A | N/A | N/A | |||||||||||||||
Custodian Fees | 7 | 9 | 8 | 6 | 7 | |||||||||||||||
Printing Fees | 9 | 18 | 4 | — | — | |||||||||||||||
Registration Fees | 10 | 24 | 10 | 10 | 10 | |||||||||||||||
Trustee Fees | 3 | 5 | — | — | — | |||||||||||||||
Other Fees | 14 | 31 | 2 | 2 | 1 | |||||||||||||||
Total Expenses | 406 | 741 | 28 | 26 | 21 | |||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | (1 | ) | — | (21 | ) | (14 | ) | (17 | ) | |||||||||||
Less: Administration Fees Waived | (1 | ) | (5 | ) | (1 | ) | (1 | ) | — | |||||||||||
Net Expenses | 404 | 736 | 6 | 11 | 4 | |||||||||||||||
Net Investment Income (Loss) | 2,241 | 5,975 | 50 | 72 | 28 | |||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||||||
Net Realized Gain (Loss) from Investment Transactions* | 6,410 | 2,423 | (256 | ) | (234 | ) | (74 | ) | ||||||||||||
Capital Gain Received from Investments in Affiliated Investment Companies | 6,168 | 9,266 | 192 | 427 | 165 | |||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments* | (15,273 | ) | (15,461 | ) | (187 | ) | (635 | ) | (335 | ) | ||||||||||
Net Realized and Unrealized Gain (Loss) on Investments | (2,695 | ) | (3,772 | ) | (251 | ) | (442 | ) | (244 | ) | ||||||||||
Change in Net Assets from Operations | $ | (454 | ) | $ | 2,203 | $ | (201 | ) | $ | (370 | ) | $ | (216 | ) | ||||||
* | Net realized gain (loss) on securities sold and net change in unrealized appreciation/depreciation on investments for the Life Vision Funds are primarily attributable to the underlying investments in affiliated investment companies. |
106
International | ||||||||||||
Equity 130/30 | Real Estate | U.S. Equity | ||||||||||
Fund* | 130/30 Fund* | 130/30 Fund* | ||||||||||
Cash Flow from Operating Activities: | ||||||||||||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | (657 | ) | $ | 173 | $ | (619 | ) | ||||
Adjustments to Reconcile Net Increase in Net Assets resulting from Operations to Net Cash Used in Operating Activities: | ||||||||||||
Purchases of Investments | (21,885 | ) | (17,490 | ) | (18,308 | ) | ||||||
Proceeds from Investment Securities Sold | 15,519 | 10,664 | 11,891 | |||||||||
Proceeds from Investment Securities Sold Short | 3,997 | 4,116 | 4,102 | |||||||||
Purchases to Cover Securities Sold Short | (2,657 | ) | (2,284 | ) | (2,685 | ) | ||||||
Net Realized (Gain)/Loss from Investments | 430 | (22 | ) | 251 | ||||||||
Change in Net Unrealized Appreciation/Depreciation from Investments | 220 | (129 | ) | 374 | ||||||||
Change in Assets and Liabilities: | ||||||||||||
Decrease (Increase) in Assets: | ||||||||||||
Interest and Dividends Receivable | (16 | ) | (37 | ) | (6 | ) | ||||||
Receivable for Investment Securities Sold | (909 | ) | — | (282 | ) | |||||||
Receivable from Adviser | (49 | ) | (9 | ) | (14 | ) | ||||||
Prepaid Expenses | (29 | ) | (29 | ) | (29 | ) | ||||||
(Decrease) Increase in Liabilities: | ||||||||||||
Payable for Investment Securities Purchased | 958 | — | 291 | |||||||||
Dividends Payable for Securities Sold Short | 6 | 4 | 1 | |||||||||
Investment Advisory Fees Payable | 3 | 4 | 2 | |||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 9 | 1 | 1 | |||||||||
Custodian Fees Payable | 29 | 2 | 6 | |||||||||
Trustee Fees Payable | — | — | — | |||||||||
Accrued Expenses | 1 | 1 | 1 | |||||||||
Net Cash Used in Operating Activities | (5,030 | ) | (5,035 | ) | (5,023 | ) | ||||||
Cash Flow from Financing Activities: | ||||||||||||
Proceeds from Shares Issued | 5,000 | 5,000 | 5,000 | |||||||||
Payable for Fund Overdraft | 30 | 35 | 23 | |||||||||
Net Cash Provided by Financing Activities | 5,030 | 5,035 | 5,023 | |||||||||
Net Increase in Cash | — | — | — | |||||||||
Cash at beginning of period | — | — | — | |||||||||
Cash at end of period | $ | — | $ | — | $ | — | ||||||
* | From Commencement of Operations, which was December 27, 2007. |
107
International | ||||||||||||||||||||||||||||
Aggressive Growth | Emerging Growth | Equity | International | |||||||||||||||||||||||||
Stock Fund | Stock Fund | 130/30 Fund | Equity Fund | |||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 12/27/07*- | 04/01/07- | 04/01/06- | ||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/08 | 03/31/07 | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | (2,469 | ) | $ | (2,484 | ) | $ | (929 | ) | $ | (698 | ) | $ | (7 | ) | $ | 24,670 | $ | 13,848 | |||||||||
Net Realized Gain (Loss) from Investment and Foreign Currency Transactions | 31,134 | (11,788 | ) | 13,996 | 1,704 | (430 | ) | 103,684 | 96,943 | |||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies | (35,691 | ) | 29,196 | (20,002 | ) | 6,460 | (220 | ) | (166,780 | ) | 70,475 | |||||||||||||||||
Change in Net Assets from Operations | (7,026 | ) | 14,924 | (6,935 | ) | 7,466 | (657 | ) | (38,426 | ) | 181,266 | |||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||
I Shares | — | — | — | — | — | (25,075 | ) | (18,408 | ) | |||||||||||||||||||
A Shares | — | — | — | — | N/A | (306 | ) | (203 | ) | |||||||||||||||||||
C Shares | — | — | — | — | N/A | (106 | ) | (67 | ) | |||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||
I Shares | (10,251 | ) | — | (12,358 | ) | — | — | (159,154 | ) | (150 | ) | |||||||||||||||||
A Shares | (30 | ) | — | (84 | ) | — | N/A | (2,105 | ) | (2 | ) | |||||||||||||||||
C Shares | (96 | ) | — | (12 | ) | — | N/A | (1,108 | ) | (1 | ) | |||||||||||||||||
Total Dividends and Distributions | (10,377 | ) | — | (12,454 | ) | — | — | (187,854 | ) | (18,831 | ) | |||||||||||||||||
Change in Net Assets from Capital Transactions | 106 | 52,502 | 25,025 | 55,623 | 5,000 | 146,586 | 78,547 | |||||||||||||||||||||
Change in Net Assets | (17,297 | ) | 67,426 | 5,636 | 63,089 | 4,343 | (79,694 | ) | 240,982 | |||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||
Beginning of Period | 327,392 | 259,966 | 111,792 | 48,703 | — | 1,188,216 | 947,234 | |||||||||||||||||||||
End of Period | $ | 310,095 | $ | 327,392 | $ | 117,428 | $ | 111,792 | $ | 4,343 | $ | 1,108,522 | 1,188,216 | |||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (5 | ) | $ | (8 | ) | $ | (8 | ) | $ | (11 | ) | $ | (11 | ) | $ | 1 | $ | 499 | |||||||||
* | Commencement of Operations. |
108
International | ||||||||||||||||||||||||||||
Aggressive Growth | Emerging Growth | Equity | International | |||||||||||||||||||||||||
Stock Fund | Stock Fund | 130/30 Fund | Equity Fund | |||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 12/27/07*- | 04/01/07- | 04/01/06- | ||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/08 | 03/31/07 | ||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 120,674 | $ | 194,041 | $ | 64,236 | $ | 106,285 | $ | 5,000 | $ | 340,421 | $ | 371,965 | ||||||||||||||
Dividends Reinvested | 5,115 | — | 3,633 | — | — | 74,643 | 4,867 | |||||||||||||||||||||
Cost of Shares Redeemed | (125,214 | ) | (139,963 | ) | (43,040 | ) | (51,032 | ) | — | (269,376 | ) | (296,951 | ) | |||||||||||||||
Change in Net Assets from I Shares | 575 | 54,078 | 24,829 | 55,253 | 5,000 | 145,688 | 79,881 | |||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | 981 | 2,944 | 563 | 516 | N/A | 6,187 | 14,548 | |||||||||||||||||||||
Dividends Reinvested | 25 | — | 66 | — | N/A | 2,020 | 181 | |||||||||||||||||||||
Cost of Shares Redeemed | (547 | ) | (2,815 | ) | (451 | ) | (142 | ) | N/A | (7,093 | ) | (14,676 | ) | |||||||||||||||
Change in Net Assets from A Shares | 459 | 129 | 178 | 374 | N/A | 1,114 | 53 | |||||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | 50 | 104 | 47 | 68 | N/A | 501 | 414 | |||||||||||||||||||||
Dividends Reinvested | 91 | — | 11 | — | N/A | 1,187 | 67 | |||||||||||||||||||||
Cost of Shares Redeemed | (1,069 | ) | (1,809 | ) | (40 | ) | (72 | ) | N/A | (1,904 | ) | (1,868 | ) | |||||||||||||||
Change in Net Assets from C Shares | (928 | ) | (1,705 | ) | 18 | (4 | ) | N/A | (216 | ) | (1,387 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 106 | $ | 52,502 | $ | 25,025 | $ | 55,623 | $ | 5,000 | $ | 146,586 | $ | 78,547 | ||||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||
Issued | 8,851 | 16,703 | 4,764 | 8,835 | 500 | 21,017 | 24,381 | |||||||||||||||||||||
Reinvested | 353 | — | 255 | — | — | 4,740 | 302 | |||||||||||||||||||||
Redeemed | (9,286 | ) | (11,908 | ) | (3,057 | ) | (4,037 | ) | — | (15,914 | ) | (19,398 | ) | |||||||||||||||
Change in I Shares | (82 | ) | 4,795 | 1,962 | 4,798 | 500 | 9,843 | 5,285 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||
Issued | 70 | 276 | 38 | 42 | N/A | 359 | 1,003 | |||||||||||||||||||||
Reinvested | 2 | — | 5 | — | N/A | 130 | 11 | |||||||||||||||||||||
Redeemed | (41 | ) | (259 | ) | (33 | ) | (11 | ) | N/A | (443 | ) | (981 | ) | |||||||||||||||
Change in A Shares | 31 | 17 | 10 | 31 | N/A | 46 | 33 | |||||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||
Issued | 4 | 9 | 3 | 5 | N/A | 32 | 29 | |||||||||||||||||||||
Reinvested | 7 | — | 1 | — | N/A | 82 | 4 | |||||||||||||||||||||
Redeemed | (83 | ) | (156 | ) | (3 | ) | (6 | ) | N/A | (126 | ) | (130 | ) | |||||||||||||||
Change in C Shares | (72 | ) | (147 | ) | 1 | (1 | ) | N/A | (12 | ) | (97 | ) | ||||||||||||||||
Change in Shares | (123 | ) | 4,665 | 1,973 | 4,828 | 500 | 9,877 | 5,221 | ||||||||||||||||||||
* | Commencement of Operations. |
109
International Equity | Large Cap Core | Large Cap Growth | ||||||||||||||||||||||||||||||
Index Fund | Equity Fund | Stock Fund | Large Cap Quantitative Equity Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 29,187 | $ | 17,444 | $ | 18,810 | $ | 22,026 | $ | 3,360 | $ | 5,713 | $ | 1,747 | $ | 1,551 | ||||||||||||||||
Net Realized Gain (Loss) from Investment and Foreign Currency Transactions | 27,147 | 7,770 | 23,357 | 121,792 | 123,995 | 60,872 | (5,691 | ) | 24,394 | |||||||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies | (79,504 | ) | 143,488 | (186,337 | ) | 47,465 | (89,661 | ) | (3,769 | ) | (10,191 | ) | (6,151 | ) | ||||||||||||||||||
Change in Net Assets from Operations | (23,170 | ) | 168,702 | (144,170 | ) | 191,283 | 37,694 | 62,816 | (14,135 | ) | 19,794 | |||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (27,049 | ) | (18,118 | ) | (18,214 | ) | (21,852 | ) | (3,174 | ) | (5,740 | ) | (1,790 | ) | (1,533 | ) | ||||||||||||||||
A Shares | (166 | ) | (90 | ) | (438 | ) | (571 | ) | (208 | ) | (242 | ) | (4 | ) | (2 | ) | ||||||||||||||||
C Shares | (113 | ) | (85 | ) | (163 | ) | (357 | ) | (50 | ) | (30 | ) | — | — | ||||||||||||||||||
Tax Return of Capital | ||||||||||||||||||||||||||||||||
I Shares | — | — | (31 | ) | — | — | — | (11 | ) | — | ||||||||||||||||||||||
A Shares | — | — | (1 | ) | — | — | — | — | — | |||||||||||||||||||||||
C Shares | — | — | (1 | ) | — | — | — | — | — | |||||||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||||||
I Shares | — | — | (139,555 | ) | (105,997 | ) | (157,411 | ) | (48,970 | ) | (29,674 | ) | (9,255 | ) | ||||||||||||||||||
A Shares | — | — | (4,238 | ) | (3,279 | ) | (19,487 | ) | (3,726 | ) | (126 | ) | (36 | ) | ||||||||||||||||||
C Shares | — | — | (5,769 | ) | (4,984 | ) | (9,172 | ) | (1,896 | ) | (145 | ) | (35 | ) | ||||||||||||||||||
Total Dividends and Distributions | (27,328 | ) | (18,293 | ) | (168,410 | ) | (137,040 | ) | (189,502 | ) | (60,604 | ) | (31,750 | ) | (10,861 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | 13,287 | 68,874 | (36,057 | ) | 95,481 | (344,543 | ) | (231,356 | ) | (27,710 | ) | 14,966 | ||||||||||||||||||||
Change in Net Assets | (37,211 | ) | 219,283 | (348,637 | ) | 149,724 | (496,351 | ) | (229,144 | ) | (73,595 | ) | 23,899 | |||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 1,007,948 | 788,665 | 1,670,285 | 1,520,561 | 1,223,708 | 1,452,852 | 311,325 | 287,426 | ||||||||||||||||||||||||
End of Period | $ | 970,737 | $ | 1,007,948 | $ | 1,321,648 | $ | 1,670,285 | $ | 727,357 | $ | 1,223,708 | $ | 237,730 | $ | 311,325 | ||||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 1,665 | $ | (2,516 | ) | $ | (7 | ) | $ | (2 | ) | $ | (5 | ) | $ | (3 | ) | $ | (3 | ) | $ | 30 | ||||||||||
110
International Equity | Large Cap Growth | Large Cap Quantitative | ||||||||||||||||||||||||||||||
Index Fund | Large Cap Core Equity Fund | Stock Fund | Equity Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 325,920 | $ | 308,565 | $ | 403,254 | $ | 442,012 | $ | 285,723 | $ | 302,082 | $ | 77,243 | $ | 144,181 | ||||||||||||||||
Dividends Reinvested | 15,453 | 10,069 | 74,869 | 61,144 | 98,027 | 36,401 | 13,737 | 4,354 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (327,766 | ) | (246,266 | ) | (501,360 | ) | (394,496 | ) | (730,987 | ) | (532,077 | ) | (118,727 | ) | (133,003 | ) | ||||||||||||||||
Change in Net Assets from I Shares | 13,607 | 72,368 | (23,237 | ) | 108,660 | (347,237 | ) | (193,594 | ) | (27,747 | ) | 15,532 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 3,254 | 5,082 | 7,608 | 13,376 | 4,566 | 6,028 | 709 | 1,708 | ||||||||||||||||||||||||
Dividends Reinvested | 123 | 79 | 4,160 | 3,442 | 19,005 | 3,828 | 122 | 35 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (2,833 | ) | (9,029 | ) | (14,301 | ) | (17,648 | ) | (20,085 | ) | (33,556 | ) | (742 | ) | (2,028 | ) | ||||||||||||||||
Change in Net Assets from A Shares | 544 | (3,868 | ) | (2,533 | ) | (830 | ) | 3,486 | (23,700 | ) | 89 | (285 | ) | |||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 728 | 2,610 | 1,045 | 2,091 | 686 | 418 | 29 | 97 | ||||||||||||||||||||||||
Dividends Reinvested | 107 | 81 | 5,630 | 5,087 | 8,871 | 1,866 | 138 | 33 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (1,699 | ) | (2,317 | ) | (16,962 | ) | (19,527 | ) | (10,349 | ) | (16,346 | ) | (219 | ) | (411 | ) | ||||||||||||||||
Change in Net Assets from C Shares | (864 | ) | 374 | (10,287 | ) | (12,349 | ) | (792 | ) | (14,062 | ) | (52 | ) | (281 | ) | |||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 13,287 | $ | 68,874 | $ | (36,057 | ) | $ | 95,481 | $ | (344,543 | ) | $ | (231,356 | ) | $ | (27,710 | ) | $ | 14,966 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 16,896 | 18,312 | 23,698 | 25,101 | 23,966 | 23,675 | 5,798 | 10,535 | ||||||||||||||||||||||||
Reinvested | 786 | 569 | 4,573 | 3,464 | 8,602 | 2,827 | 1,056 | 316 | ||||||||||||||||||||||||
Redeemed | (17,256 | ) | (14,496 | ) | (28,621 | ) | (22,343 | ) | (54,888 | ) | (41,606 | ) | (8,425 | ) | (9,605 | ) | ||||||||||||||||
Change in I Shares | 426 | 4,385 | (350 | ) | 6,222 | (22,320 | ) | (15,104 | ) | (1,571 | ) | 1,246 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | 166 | 317 | 424 | 766 | 372 | 498 | 51 | 129 | ||||||||||||||||||||||||
Reinvested | 6 | 4 | 251 | 193 | 1,790 | 313 | 9 | 3 | ||||||||||||||||||||||||
Redeemed | (149 | ) | (554 | ) | (829 | ) | (992 | ) | (1,658 | ) | (2,765 | ) | (56 | ) | (151 | ) | ||||||||||||||||
Change in A Shares | 23 | (233 | ) | (154 | ) | (33 | ) | 504 | (1,954 | ) | 4 | (19 | ) | |||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | 38 | 155 | 61 | 120 | 62 | 37 | 3 | 7 | ||||||||||||||||||||||||
Reinvested | 6 | 5 | 350 | 293 | 924 | 163 | 11 | 2 | ||||||||||||||||||||||||
Redeemed | (93 | ) | (144 | ) | (1,006 | ) | (1,124 | ) | (934 | ) | (1,440 | ) | (18 | ) | (31 | ) | ||||||||||||||||
Change in C Shares | (49 | ) | 16 | (595 | ) | (711 | ) | 52 | (1,240 | ) | (4 | ) | (22 | ) | ||||||||||||||||||
Change in Shares | 400 | 4,168 | (1,099 | ) | 5,478 | (21,764 | ) | (18,298 | ) | (1,571 | ) | 1,205 | ||||||||||||||||||||
111
Large Cap Value | Mid-Cap Core | Mid-Cap Value | Real Estate | |||||||||||||||||||||||||
Equity Fund | Equity Fund | Equity Fund | 130/30 Fund | |||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 12/27/07*- | ||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 20,543 | $ | 14,266 | $ | 1,561 | $ | 1,599 | $ | 4,510 | $ | 2,805 | $ | 22 | ||||||||||||||
Net Realized Gain (Loss) from Investment Transactions | 38,999 | 102,395 | 22,544 | 29,613 | 1,206 | 49,345 | 22 | |||||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments | (135,590 | ) | 13,084 | (43,429 | ) | 945 | (33,320 | ) | (9,247 | ) | 129 | |||||||||||||||||
Change in Net Assets from Operations | (76,048 | ) | 129,745 | (19,324 | ) | 32,157 | (27,604 | ) | 42,903 | 173 | ||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||
I Shares | (19,035 | ) | (13,131 | ) | (1,662 | ) | (1,688 | ) | (4,406 | ) | (2,658 | ) | (34 | ) | ||||||||||||||
A Shares | (943 | ) | (812 | ) | (47 | ) | (26 | ) | (74 | ) | (22 | ) | N/A | |||||||||||||||
C Shares | (339 | ) | (264 | ) | (12 | ) | — | (30 | ) | (6 | ) | N/A | ||||||||||||||||
Tax Return of Capital | ||||||||||||||||||||||||||||
I Shares | — | — | — | — | (1,122 | ) | — | — | ||||||||||||||||||||
A Shares | — | — | — | — | (28 | ) | — | — | ||||||||||||||||||||
C Shares | — | — | — | — | (21 | ) | — | — | ||||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||
I Shares | (103,923 | ) | (31,908 | ) | (23,007 | ) | (24,539 | ) | (48,249 | ) | (40,247 | ) | — | |||||||||||||||
A Shares | (6,143 | ) | (2,337 | ) | (1,059 | ) | (881 | ) | (1,212 | ) | (492 | ) | N/A | |||||||||||||||
C Shares | (3,763 | ) | (1,568 | ) | (1,008 | ) | (879 | ) | (881 | ) | (949 | ) | N/A | |||||||||||||||
Total Dividends and Distributions | (134,146 | ) | (50,020 | ) | (26,795 | ) | (28,013 | ) | (56,023 | ) | (44,374 | ) | (34 | ) | ||||||||||||||
Change in Net Assets from Capital Transactions | 189,310 | 37,730 | (109,019 | ) | (87,508 | ) | 64,848 | 37,716 | 5,034 | |||||||||||||||||||
Change in Net Assets | (20,884 | ) | 117,445 | (155,138 | ) | (83,364 | ) | (18,779 | ) | 36,245 | 5,173 | |||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||
Beginning of Period | 996,104 | 878,649 | 356,603 | 439,967 | 288,580 | 252,335 | — | |||||||||||||||||||||
End of Period | $ | 975,220 | $ | 996,104 | $ | 201,465 | $ | 356,603 | $ | 269,801 | $ | 288,580 | $ | 5,173 | ||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 232 | $ | 68 | $ | 26 | $ | 13 | $ | 145 | $ | 173 | $ | — | ||||||||||||||
112
Large Cap Value | Mid-Cap Core | Mid-Cap Value | Real Estate | |||||||||||||||||||||||||
Equity Fund | Equity Fund | Equity Fund | 130/30 Fund | |||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 12/27/07* | ||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | ||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 355,893 | $ | 188,156 | $ | 41,538 | $ | 121,973 | $ | 127,267 | $ | 141,296 | $ | 5,000 | ||||||||||||||
Dividends Reinvested | 94,656 | 34,278 | 15,639 | 14,317 | 27,334 | 20,051 | 34 | |||||||||||||||||||||
Cost of Shares Redeemed | (252,509 | ) | (166,014 | ) | (163,505 | ) | (216,799 | ) | (95,646 | ) | (124,533 | ) | — | |||||||||||||||
Change in Net Assets from I Shares | 198,040 | 56,420 | (106,328 | ) | (80,509 | ) | 58,955 | 36,814 | 5,034 | |||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | 3,635 | 5,244 | 1,225 | 2,572 | 8,394 | 1,703 | N/A | |||||||||||||||||||||
Dividends Reinvested | 6,747 | 3,039 | 1,030 | 856 | 1,122 | 457 | N/A | |||||||||||||||||||||
Cost of Shares Redeemed | (14,704 | ) | (19,277 | ) | (3,319 | ) | (7,841 | ) | (2,786 | ) | (1,198 | ) | N/A | |||||||||||||||
Change in Net Assets from A Shares | (4,322 | ) | (10,994 | ) | (1,064 | ) | (4,413 | ) | 6,730 | 962 | N/A | |||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | 705 | 991 | 78 | 303 | 321 | 616 | N/A | |||||||||||||||||||||
Dividends Reinvested | 3,958 | 1,777 | 970 | 838 | 888 | 919 | N/A | |||||||||||||||||||||
Cost of Shares Redeemed | (9,071 | ) | (10,464 | ) | (2,675 | ) | (3,727 | ) | (2,046 | ) | (1,595 | ) | N/A | |||||||||||||||
Change in Net Assets from C Shares | (4,408 | ) | (7,696 | ) | (1,627 | ) | (2,586 | ) | (837 | ) | (60 | ) | N/A | |||||||||||||||
Change in Net Assets from Capital Transactions | $ | 189,310 | $ | 37,730 | $ | (109,019 | ) | $ | (87,508 | ) | $ | 64,848 | $ | 37,716 | $ | 5,034 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||
Issued | 23,915 | 12,782 | 3,029 | 9,065 | 10,739 | 10,806 | 500 | |||||||||||||||||||||
Reinvested | 6,778 | 2,324 | 1,236 | 1,072 | 2,480 | 1,596 | 3 | |||||||||||||||||||||
Redeemed | (17,007 | ) | (11,371 | ) | (11,826 | ) | (16,117 | ) | (7,708 | ) | (9,501 | ) | — | |||||||||||||||
Change in I Shares | 13,686 | 3,735 | (7,561 | ) | (5,980 | ) | 5,511 | 2,901 | 503 | |||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||
Issued | 242 | 370 | 90 | 204 | 689 | 127 | N/A | |||||||||||||||||||||
Reinvested | 485 | 207 | 86 | 67 | 103 | 37 | N/A | |||||||||||||||||||||
Redeemed | (1,012 | ) | (1,351 | ) | (258 | ) | (604 | ) | (236 | ) | (91 | ) | N/A | |||||||||||||||
Change in A Shares | (285 | ) | (774 | ) | (82 | ) | (333 | ) | 556 | 73 | N/A | |||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||
Issued | 50 | 69 | 7 | 25 | 24 | 47 | N/A | |||||||||||||||||||||
Reinvested | 289 | 122 | 90 | 71 | 82 | 74 | N/A | |||||||||||||||||||||
Redeemed | (621 | ) | (731 | ) | (232 | ) | (315 | ) | (164 | ) | (122 | ) | N/A | |||||||||||||||
Change in C Shares | (282 | ) | (540 | ) | (135 | ) | (219 | ) | (58 | ) | (1 | ) | N/A | |||||||||||||||
Change in Shares | 13,119 | 2,421 | (7,778 | ) | (6,532 | ) | 6,009 | 2,973 | 503 | |||||||||||||||||||
113
Select Large Cap | Small Cap | Small Cap | U.S. Equity | |||||||||||||||||||||||||
Growth Stock Fund | Growth Stock Fund | Value Equity Fund | 130/30 Fund | |||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 12/27/07*- | ||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 40 | $ | 211 | $ | (4,166 | ) | $ | (7,303 | ) | $ | 7,624 | $ | 3,992 | $ | 6 | ||||||||||||
Net Realized Gain (Loss) from Investment Transactions | 7,032 | 17,498 | 116,819 | 54,274 | 82,203 | 162,868 | (251 | ) | ||||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments | (646 | ) | (16,393 | ) | (129,557 | ) | (211,108 | ) | (150,184 | ) | (117,368 | ) | (374 | ) | ||||||||||||||
Change in Net Assets from Operations | 6,426 | 1,316 | (16,904 | ) | (164,137 | ) | (60,357 | ) | 49,492 | (619 | ) | |||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||
I Shares | (93 | ) | (168 | ) | — | — | (6,867 | ) | (4,008 | ) | (6 | ) | ||||||||||||||||
A Shares | — | — | — | — | (59 | ) | (23 | ) | N/A | |||||||||||||||||||
C Shares | — | — | — | — | (288 | ) | (134 | ) | N/A | |||||||||||||||||||
Tax Return of Capital | ||||||||||||||||||||||||||||
I Shares | — | — | (2,930 | ) | — | — | — | — | ||||||||||||||||||||
A Shares | — | — | (111 | ) | — | — | — | — | ||||||||||||||||||||
C Shares | — | — | (104 | ) | — | — | — | — | ||||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||
I Shares | — | — | (175,625 | ) | (64,037 | ) | (149,092 | ) | (161,578 | ) | — | |||||||||||||||||
A Shares | — | — | (6,621 | ) | (1,912 | ) | (1,715 | ) | (1,777 | ) | N/A | |||||||||||||||||
C Shares | — | — | (6,200 | ) | (1,522 | ) | (7,950 | ) | (9,018 | ) | N/A | |||||||||||||||||
Total Dividends and Distributions | (93 | ) | (168 | ) | (191,591 | ) | (67,471 | ) | (165,971 | ) | (176,538 | ) | (6 | ) | ||||||||||||||
Change in Net Assets from Capital Transactions | (13,770 | ) | 6,784 | (161,452 | ) | (614,776 | ) | 5,345 | 31,169 | 5,006 | ||||||||||||||||||
Change in Net Assets | (7,437 | ) | 7,932 | (369,947 | ) | (846,384 | ) | (220,983 | ) | (95,877 | ) | 4,381 | ||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||
Beginning of Period | 131,293 | 123,361 | 891,435 | 1,737,819 | 717,537 | 813,414 | — | |||||||||||||||||||||
End of Period | $ | 123,856 | $ | 131,293 | $ | 521,488 | $ | 891,435 | $ | 496,554 | $ | 717,537 | $ | 4,381 | ||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | — | $ | 43 | $ | (4 | ) | $ | 147 | $ | 510 | $ | 100 | $ | 1 | |||||||||||||
* | Commencement of Operations. |
114
Select Large Cap | Small Cap | Small Cap | U.S. Equity | |||||||||||||||||||||||||
Growth Stock Fund | Growth Stock Fund | Value Equity Fund | 130/30 Fund | |||||||||||||||||||||||||
04/01/07- | 04/0106- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 12/27/07*- | ||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | ||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 53,342 | $ | 66,219 | $ | 193,813 | $ | 432,211 | $ | 105,880 | $ | 142,003 | $ | 5,000 | ||||||||||||||
Dividends Reinvested | 37 | 67 | 160,171 | 53,211 | 134,794 | 135,202 | 6 | |||||||||||||||||||||
Cost of Shares Redeemed | (59,313 | ) | (42,803 | ) | (515,343 | ) | (1,062,116 | ) | (233,111 | ) | (246,253 | ) | — | |||||||||||||||
Change in Net Assets from I Shares | (5,934 | ) | 23,483 | (161,359 | ) | (576,694 | ) | 7,563 | 30,952 | 5,006 | ||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | 577 | 259 | 2,216 | 21,465 | 974 | 3,313 | N/A | |||||||||||||||||||||
Dividends Reinvested | — | — | 6,316 | 1,738 | 1,521 | 1,441 | N/A | |||||||||||||||||||||
Cost of Shares Redeemed | (369 | ) | (376 | ) | (8,658 | ) | (51,551 | ) | (2,820 | ) | (1,322 | ) | N/A | |||||||||||||||
Change in Net Assets from A Shares | 208 | (117 | ) | (126 | ) | (28,348 | ) | (325 | ) | 3,432 | N/A | |||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||
Proceeds from Shares Issued | 166 | 280 | 224 | 855 | 299 | 374 | N/A | |||||||||||||||||||||
Dividends Reinvested | — | — | 6,017 | 1,445 | 7,562 | 8,830 | N/A | |||||||||||||||||||||
Cost of Shares Redeemed | (8,210 | ) | (16,862 | ) | (6,208 | ) | (12,034 | ) | (9,754 | ) | (12,419 | ) | N/A | |||||||||||||||
Change in Net Assets from C Shares | (8,044 | ) | (16,582 | ) | 33 | (9,734 | ) | (1,893 | ) | (3,215 | ) | N/A | ||||||||||||||||
Change in Net Assets from Capital Transactions | $ | (13,770 | ) | $ | 6,784 | $ | (161,452 | ) | $ | (614,776 | ) | $ | 5,345 | $ | 31,169 | $ | 5,006 | |||||||||||
Share Transactions: | ||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||
Issued | 1,794 | 2,435 | 10,325 | 20,133 | 7,204 | 7,539 | 500 | |||||||||||||||||||||
Reinvested | 1 | 3 | 10,017 | 2,589 | 10,699 | 8,068 | 1 | |||||||||||||||||||||
Redeemed | (2,021 | ) | (1,681 | ) | (25,118 | ) | (51,099 | ) | (14,777 | ) | (13,164 | ) | — | |||||||||||||||
Change in I Shares | (226 | ) | 757 | (4,776 | ) | (28,377 | ) | 3,126 | 2,443 | 501 | ||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||
Issued | 19 | 10 | 114 | 1,023 | 58 | 172 | N/A | |||||||||||||||||||||
Reinvested | — | — | 415 | 87 | 123 | 87 | N/A | |||||||||||||||||||||
Redeemed | (13 | ) | (14 | ) | (468 | ) | (2,493 | ) | (182 | ) | (71 | ) | N/A | |||||||||||||||
Change in A Shares | 6 | (4 | ) | 61 | (1,383 | ) | (1 | ) | 188 | N/A | ||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||
Issued | 6 | 12 | 16 | 42 | 19 | 19 | N/A | |||||||||||||||||||||
Reinvested | — | — | 446 | 78 | 630 | 546 | N/A | |||||||||||||||||||||
Redeemed | (302 | ) | (700 | ) | (370 | ) | (637 | ) | (666 | ) | (686 | ) | N/A | |||||||||||||||
Change in C Shares | (296 | ) | (688 | ) | 92 | (517 | ) | (17 | ) | (121 | ) | N/A | ||||||||||||||||
Change in Shares | (516 | ) | 65 | (4,623 | ) | (30,277 | ) | 3,108 | 2,510 | 501 | ||||||||||||||||||
* | Commencement of Operations. |
115
Life Vision Aggressive | Life Vision | Life Vision Growth | Life Vision Moderate | |||||||||||||||||||||||||||||
Growth Fund | Conservative Fund | and Income Fund | Growth Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06 - | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 486 | $ | 541 | $ | 366 | $ | 332 | $ | 2,241 | $ | 2,521 | $ | 5,975 | $ | 5,162 | ||||||||||||||||
Net Realized Gain (Loss) from Investment Transactions* | 5,236 | 1,588 | (129 | ) | (5 | ) | 6,410 | 2,187 | 2,423 | 2,093 | ||||||||||||||||||||||
Capital Gain Received from Investments in Affiliated Investment Companies | 3,409 | 2,525 | 254 | 84 | 6,168 | 4,138 | 9,266 | 4,083 | ||||||||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments* | (9,753 | ) | 1,277 | (223 | ) | 170 | (15,273 | ) | 2,685 | (15,461 | ) | 3,313 | ||||||||||||||||||||
Change in Net Assets from Operations | (622 | ) | 5,931 | 268 | 581 | (454 | ) | 11,531 | 2,203 | 14,651 | ||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (1,202 | ) | (1,056 | ) | (167 | ) | (130 | ) | (2,935 | ) | (2,977 | ) | (6,115 | ) | (5,550 | ) | ||||||||||||||||
A Shares | (113 | ) | (48 | ) | (23 | ) | (35 | ) | (195 | ) | (163 | ) | (342 | ) | (191 | ) | ||||||||||||||||
B Shares | (153 | ) | (70 | ) | (153 | ) | (168 | ) | (483 | ) | (343 | ) | (367 | ) | (328 | ) | ||||||||||||||||
C Shares | (55 | ) | (16 | ) | (24 | ) | (23 | ) | (170 | ) | (86 | ) | (633 | ) | (85 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||||||
I Shares | (4,823 | ) | (1,015 | ) | (69 | ) | (29 | ) | (5,689 | ) | (2,198 | ) | (2,580 | ) | (6,776 | ) | ||||||||||||||||
A Shares | (495 | ) | (55 | ) | (8 | ) | (8 | ) | (426 | ) | (135 | ) | (158 | ) | (243 | ) | ||||||||||||||||
B Shares | (726 | ) | (104 | ) | (66 | ) | (46 | ) | (1,189 | ) | (342 | ) | (185 | ) | (528 | ) | ||||||||||||||||
C Shares | (265 | ) | (26 | ) | (10 | ) | (7 | ) | (446 | ) | (96 | ) | (341 | ) | (84 | ) | ||||||||||||||||
Total Dividends and Distributions | (7,832 | ) | (2,390 | ) | (520 | ) | (446 | ) | (11,533 | ) | (6,340 | ) | (10,721 | ) | (13,785 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | (17,012 | ) | (2,541 | ) | 2,217 | (931 | ) | (34,482 | ) | 11,586 | (45,398 | ) | 60,588 | |||||||||||||||||||
Change in Net Assets | (25,466 | ) | 1,000 | 1,965 | (796 | ) | (46,469 | ) | 16,777 | (53,916 | ) | 61,454 | ||||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 63,286 | 62,286 | 9,618 | 10,414 | 141,127 | 124,350 | 241,323 | 179,869 | ||||||||||||||||||||||||
End of Period | $ | 37,820 | $ | 63,286 | $ | 11,583 | $ | 9,618 | $ | 94,658 | $ | 141,127 | $ | 187,407 | $ | 241,323 | ||||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 87 | $ | 1 | $ | 90 | $ | 11 | $ | 292 | $ | 51 | $ | 1,038 | $ | 162 | ||||||||||||||||
* | Net realized gain (loss) on securities sold and net change in unrealized appreciation/depreciation on investments for the Life Vision Funds are primarily attributable to the underlying investments in affiliated investment companies. |
116
Life Vision Aggressive | Life Vision | Life Vision Growth | Life Vision Moderate | |||||||||||||||||||||||||||||
Growth Fund | Conservative Fund | and Income Fund | Growth Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 9,620 | $ | 18,522 | $ | 3,889 | $ | 1,752 | $ | 17,783 | $ | 41,607 | $ | 33,653 | $ | 48,287 | ||||||||||||||||
Proceeds from Shares Issued in Acquisition | — | — | — | — | — | — | — | 32,309 | ||||||||||||||||||||||||
Dividends Reinvested | 5,872 | 2,024 | 229 | 153 | 8,615 | 5,153 | 8,405 | 12,207 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (33,930 | ) | (23,246 | ) | (2,189 | ) | (1,650 | ) | (60,094 | ) | (37,048 | ) | (80,892 | ) | (58,615 | ) | ||||||||||||||||
Change in Net Assets from I Shares | (18,438 | ) | (2,700 | ) | 1,929 | 255 | (33,696 | ) | 9,712 | (38,834 | ) | 34,188 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 691 | 426 | 158 | 108 | 1,659 | 1,435 | 1,012 | 1,015 | ||||||||||||||||||||||||
Proceeds from Shares Issued in Acquisition | — | — | — | — | — | — | — | 5,098 | ||||||||||||||||||||||||
Dividends Reinvested | 594 | 102 | 23 | 34 | 612 | 297 | 475 | 414 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (480 | ) | (264 | ) | (319 | ) | (666 | ) | (3,332 | ) | (946 | ) | (3,453 | ) | (1,346 | ) | ||||||||||||||||
Change in Net Assets from A Shares | 805 | 264 | (138 | ) | (524 | ) | (1,061 | ) | 786 | (1,966 | ) | 5,181 | ||||||||||||||||||||
B Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 18 | 133 | 678 | 6 | 42 | 213 | 196 | 25 | ||||||||||||||||||||||||
Dividends Reinvested | 869 | 173 | 191 | 182 | 1,571 | 644 | 534 | 829 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (896 | ) | (766 | ) | (507 | ) | (797 | ) | (2,194 | ) | (2,318 | ) | (2,329 | ) | (2,243 | ) | ||||||||||||||||
Change in Net Assets from B Shares | (9 | ) | (460 | ) | 362 | (609 | ) | (581 | ) | (1,461 | ) | (1,599 | ) | (1,389 | ) | |||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 657 | 541 | 336 | 366 | 1,296 | 3,325 | 1,418 | 875 | ||||||||||||||||||||||||
Proceeds from Shares Issued in Acquisition | — | — | — | — | — | — | — | 22,680 | ||||||||||||||||||||||||
Dividends Reinvested | 320 | 42 | 28 | 26 | 587 | 171 | 933 | 159 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (347 | ) | (228 | ) | (300 | ) | (445 | ) | (1,027 | ) | (947 | ) | (5,350 | ) | (1,106 | ) | ||||||||||||||||
Change in Net Assets from C Shares | 630 | 355 | 64 | (53 | ) | 856 | 2,549 | (2,999 | ) | 22,608 | ||||||||||||||||||||||
Change in Net Assets from Capital Transactions | $ | (17,012 | ) | $ | (2,541 | ) | $ | 2,217 | $ | (931 | ) | $ | (34,482 | ) | $ | 11,586 | $ | (45,398 | ) | $ | 60,588 | |||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 749 | 1,482 | 342 | 157 | 1,377 | 3,306 | 3,060 | 4,424 | ||||||||||||||||||||||||
Issued in Acquisition | — | — | — | — | — | — | — | 2,988 | ||||||||||||||||||||||||
Reinvested | 486 | 158 | 20 | 14 | 679 | 405 | 757 | 1,111 | ||||||||||||||||||||||||
Redeemed | (2,570 | ) | (1,837 | ) | (192 | ) | (149 | ) | (4,571 | ) | (2,916 | ) | (7,331 | ) | (5,371 | ) | ||||||||||||||||
Change in I Shares | (1,335 | ) | (197 | ) | 170 | 22 | (2,515 | ) | 795 | (3,514 | ) | 3,152 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | 52 | 34 | 15 | 9 | 124 | 117 | 91 | 94 | ||||||||||||||||||||||||
Issued in Acquisition | — | — | — | — | — | — | — | 471 | ||||||||||||||||||||||||
Reinvested | 49 | 8 | 2 | 3 | 48 | 23 | 43 | 38 | ||||||||||||||||||||||||
Redeemed | (39 | ) | (21 | ) | (28 | ) | (59 | ) | (253 | ) | (75 | ) | (319 | ) | (123 | ) | ||||||||||||||||
Change in A Shares | 62 | 21 | (11 | ) | (47 | ) | (81 | ) | 65 | (185 | ) | 480 | ||||||||||||||||||||
B Shares: | ||||||||||||||||||||||||||||||||
Issued | 2 | 11 | 60 | 1 | 3 | 17 | 17 | 2 | ||||||||||||||||||||||||
Reinvested | 73 | 14 | 17 | 16 | 125 | 51 | 48 | 76 | ||||||||||||||||||||||||
Redeemed | (70 | ) | (63 | ) | (44 | ) | (71 | ) | (174 | ) | (186 | ) | (215 | ) | (207 | ) | ||||||||||||||||
Change in B Shares | 5 | (38 | ) | 33 | (54 | ) | (46 | ) | (118 | ) | (150 | ) | (129 | ) | ||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | 51 | 43 | 30 | 33 | 100 | 268 | 130 | 79 | ||||||||||||||||||||||||
Issued in Acquisition | — | — | — | — | — | — | — | 2,101 | ||||||||||||||||||||||||
Reinvested | 27 | 3 | 2 | 2 | 47 | 13 | 84 | 15 | ||||||||||||||||||||||||
Redeemed | (27 | ) | (18 | ) | (26 | ) | (40 | ) | (81 | ) | (77 | ) | (488 | ) | (102 | ) | ||||||||||||||||
Change in C Shares | 51 | 28 | 6 | (5 | ) | 66 | 204 | (274 | ) | 2,093 | ||||||||||||||||||||||
Change in Shares | (1,217 | ) | (186 | ) | 198 | (84 | ) | (2,576 | ) | 946 | (4,123 | ) | 5,596 | |||||||||||||||||||
117
Life Vision | Life Vision | Life Vision | ||||||||||||||||||||||
Target Date | Target Date | Target Date | ||||||||||||||||||||||
2015 Fund | 2025 Fund | 2035 Fund | ||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 50 | $ | 19 | $ | 72 | $ | 26 | $ | 28 | $ | 10 | ||||||||||||
Net Realized Gain (Loss) from Investment Transactions* | (256 | ) | (6 | ) | (234 | ) | (4 | ) | (74 | ) | (3 | ) | ||||||||||||
Capital Gain Received from Investments in Affiliated Investment Companies | 192 | 37 | 427 | 91 | 165 | 43 | ||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments* | (187 | ) | 58 | (635 | ) | 115 | (335 | ) | 51 | |||||||||||||||
Change in Net Assets from Operations | (201 | ) | 108 | (370 | ) | 228 | (216 | ) | 101 | |||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (97 | ) | (29 | ) | (194 | ) | (49 | ) | (60 | ) | (21 | ) | ||||||||||||
A Shares | (1 | ) | — | (2 | ) | — | (1 | ) | — | |||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | (22 | ) | (3 | ) | (77 | ) | (2 | ) | (29 | ) | (5 | ) | ||||||||||||
A Shares | — | — | (1 | ) | — | — | — | |||||||||||||||||
Total Dividends and Distributions | (120 | ) | (32 | ) | (274 | ) | (51 | ) | (90 | ) | (26 | ) | ||||||||||||
Change in Net Assets from Capital Transactions | 1,420 | 1,723 | 1,713 | 3,462 | 1,912 | 657 | ||||||||||||||||||
Change in Net Assets | 1,099 | 1,799 | 1,069 | 3,639 | 1,606 | 732 | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 2,069 | 270 | 4,749 | 1,110 | 1,322 | 590 | ||||||||||||||||||
End of Period | $ | 3,168 | $ | 2,069 | $ | 5,818 | $ | 4,749 | $ | 2,928 | $ | 1,322 | ||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 14 | $ | 1 | $ | 14 | $ | 1 | $ | 7 | $ | — | ||||||||||||
* | Net realized gain (loss) on securities sold and net change in unrealized appreciation/depreciation on investments for the Life Vision Funds are primarily attributable to the underlying investments in affiliated investment companies. |
118
Life Vision | Life Vision | Life Vision | ||||||||||||||||||||||
Target Date | Target Date | Target Date | ||||||||||||||||||||||
2015 Fund | 2025 Fund | 2035 Fund | ||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 4,247 | $ | 1,890 | $ | 3,253 | $ | 3,629 | $ | 2,244 | $ | 747 | ||||||||||||
Dividends Reinvested | 119 | 31 | 271 | 50 | 89 | 26 | ||||||||||||||||||
Cost of Shares Redeemed | (2,965 | ) | (200 | ) | (1,819 | ) | (259 | ) | (442 | ) | (120 | ) | ||||||||||||
Change in Net Assets from I Shares | 1,401 | 1,721 | 1,705 | 3,420 | 1,891 | 653 | ||||||||||||||||||
A Shares(1): | ||||||||||||||||||||||||
Proceeds from Shares Issued | 18 | 2 | 6 | 42 | 36 | 4 | ||||||||||||||||||
Dividends Reinvested | 1 | — | 2 | — | 1 | — | ||||||||||||||||||
Cost of Shares Redeemed | — | — | — | — | (16 | ) | — | |||||||||||||||||
Change in Net Assets from A Shares | 19 | 2 | 8 | 42 | 21 | 4 | ||||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 1,420 | $ | 1,723 | $ | 1,713 | $ | 3,462 | $ | 1,912 | $ | 657 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||
Issued | 361 | 169 | 268 | 313 | 191 | 67 | ||||||||||||||||||
Reinvested | 10 | 3 | 22 | 4 | 7 | 2 | ||||||||||||||||||
Redeemed | (254 | ) | (18 | ) | (152 | ) | (23 | ) | (38 | ) | (10 | ) | ||||||||||||
Change in I Shares | 117 | 154 | 138 | 294 | 160 | 59 | ||||||||||||||||||
A Shares(1): | ||||||||||||||||||||||||
Issued | 2 | — | — | 4 | 3 | — | ||||||||||||||||||
Reinvested | — | — | — | — | — | — | ||||||||||||||||||
Redeemed | — | — | — | — | (1 | ) | — | |||||||||||||||||
Change in A Shares | 2 | — | — | 4 | 2 | — | ||||||||||||||||||
Change in Shares | 119 | 154 | 138 | 298 | 162 | 59 | ||||||||||||||||||
(1) | A Shares commenced operations beginning January 4, 2007 for the Life Vision Target Date 2015 Fund, July 11, 2006 for the Life Vision Target Date 2025 Fund and May 3, 2006 for the Life Vision Target Date 2035 Fund. |
119
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Aggressive Growth Stock Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 12.64 | $ | (0.09 | )(a) | $ | (0.11 | ) | $ | (0.20 | ) | $ | — | $ | (0.41 | ) | $ | (0.41 | ) | $ | 12.03 | (2.12 | )% | $ | 306,709 | 1.16 | % | (0.70 | )% | 1.16 | % | 59 | % | |||||||||||||||||||||||
Year Ended March 31, 2007 | 12.24 | (0.09 | )(a) | 0.49 | 0.40 | — | — | — | 12.64 | 3.27 | 323,303 | 1.17 | (0.79 | ) | 1.17 | 49 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.89 | (0.07 | )(a) | 2.42 | 2.35 | — | — | — | 12.24 | 23.77 | 254,412 | 1.19 | (0.61 | ) | 1.23 | 30 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.00 | (0.06 | )(a) | (0.05 | ) | (0.11 | ) | — | — | — | 9.89 | (1.10 | ) | 58,988 | 1.22 | (0.79 | ) | 1.45 | 42 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | (0.02 | )(a) | 0.02 | — | — | — | — | 10.00 | 0.00 | 20,501 | 1.22 | (0.74 | ) | 1.61 | 2 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.53 | (0.13 | )(a) | (0.11 | ) | (0.24 | ) | — | (0.41 | ) | (0.41 | ) | 11.88 | (2.46 | ) | 893 | 1.46 | (.99 | ) | 1.46 | 59 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.16 | (0.12 | )(a) | 0.49 | 0.37 | — | — | — | 12.53 | 3.04 | 553 | 1.47 | (1.10 | ) | 1.47 | 49 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.84 | (0.10 | )(a) | 2.42 | 2.32 | — | — | — | 12.16 | 23.58 | 331 | 1.50 | (0.94 | ) | 1.55 | 30 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.99 | (0.09 | )(a) | (0.06 | ) | (0.15 | ) | — | — | — | 9.84 | (1.50 | ) | 140 | 1.58 | (1.14 | ) | 5.56 | 42 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | (0.03 | )(a) | 0.02 | (0.01 | ) | — | — | — | 9.99 | (0.10 | ) | 49 | 1.65 | (1.25 | ) | 11.29 | (b) | 2 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.27 | (0.22 | )(a) | (0.10 | ) | (0.32 | ) | — | (0.41 | ) | (0.41 | ) | 11.54 | (3.17 | ) | 2,493 | 2.16 | (1.71 | ) | 2.16 | 59 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.00 | (0.20 | )(a) | 0.47 | 0.27 | — | — | — | 12.27 | 2.25 | 3,536 | 2.16 | (1.78 | ) | 2.16 | 49 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.78 | (0.17 | )(a) | 2.39 | 2.22 | — | — | — | 12.00 | 22.70 | 5,223 | 2.17 | (1.63 | ) | 2.27 | 30 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.97 | (0.15 | )(a) | (0.04 | ) | (0.19 | ) | — | — | — | 9.78 | (1.91 | ) | 5,795 | 2.19 | (1.75 | ) | 2.56 | 42 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | (0.04 | )(a) | 0.01 | (0.03 | ) | — | — | — | 9.97 | (0.30 | ) | 65 | 2.10 | (1.69 | ) | 8.78 | (b) | 2 | |||||||||||||||||||||||||||||||||||||
Emerging Growth Stock Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.97 | (0.10 | )(a) | (0.41 | ) | (0.51 | ) | — | (1.38 | ) | (1.38 | ) | 11.08 | (6.29 | ) | 116,703 | 1.17 | (0.71 | ) | 1.17 | 117 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.83 | (0.10 | )(a) | 0.24 | 0.14 | — | — | — | 12.97 | 1.09 | 111,078 | 1.17 | (0.85 | ) | 1.18 | 103 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.38 | (0.09 | )(a) | 3.54 | 3.45 | — | — | — | 12.83 | 36.78 | 48,369 | 1.20 | (0.84 | ) | 1.24 | 107 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.60 | (0.08 | )(a) | (0.14 | ) | (0.22 | ) | — | — | — | 9.38 | (2.29 | ) | 20,494 | 1.23 | (1.03 | ) | 1.51 | 64 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | (0.03 | )(a) | (0.37 | ) | (0.40 | ) | — | — | — | 9.60 | (4.00 | ) | 12,891 | 1.22 | (1.04 | ) | 1.69 | 11 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.83 | (0.14 | )(a) | (0.39 | ) | (0.53 | ) | — | (1.38 | ) | (1.38 | ) | 10.92 | (6.52 | ) | 632 | 1.47 | (1.01 | ) | 1.47 | 117 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.74 | (0.14 | )(a) | 0.23 | 0.09 | — | — | — | 12.83 | 0.71 | 615 | 1.48 | (1.16 | ) | 1.49 | 103 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.34 | (0.13 | )(a) | 3.53 | 3.40 | — | — | — | 12.74 | 36.30 | 227 | 1.51 | (1.16 | ) | 1.55 | 107 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.59 | (0.11 | )(a) | (0.14 | ) | (0.25 | ) | — | — | — | 9.34 | (2.61 | ) | 86 | 1.59 | (1.40 | ) | 6.91 | 64 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | (0.04 | )(a) | (0.37 | ) | (0.41 | ) | — | — | — | 9.59 | (4.10 | ) | 39 | 1.65 | (1.46 | ) | 13.36 | (b) | 11 | ||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.59 | (0.23 | )(a) | (0.36 | ) | (0.59 | ) | — | (1.38 | ) | (1.38 | ) | 10.62 | (7.14 | ) | 93 | 2.17 | (1.71 | ) | 2.17 | 117 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.59 | (0.22 | )(a) | 0.22 | — | — | — | — | 12.59 | 0.00 | 99 | 2.17 | (1.84 | ) | 2.18 | 103 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.29 | (0.20 | )(a) | 3.50 | 3.30 | — | — | — | 12.59 | 35.52 | 107 | 2.17 | (1.82 | ) | 2.21 | 107 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.58 | (0.15 | )(a) | (0.14 | ) | (0.29 | ) | — | — | — | 9.29 | (3.03 | ) | 34 | 2.11 | (1.92 | ) | 13.65 | 64 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.14 | (0.05 | )(a) | (0.51 | ) | (0.56 | ) | — | — | — | 9.58 | (5.52 | ) | 34 | 2.11 | (1.95 | ) | 18.36 | (b) | 11 |
120
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
International Equity 130/30 Fund(4)(6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2008 | $ | 10.00 | $ | (0.01 | ) | $ | (1.30 | ) | $ | (1.31 | ) | $ | — | $ | — | $ | — | $ | 8.69 | (13.10 | )% | $ | 4,343 | 1.55 | % | (0.58 | )% | 7.38 | %(c) | 120 | % | |||||||||||||||||||||||||
International Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 16.83 | 0.34 | (a) | (0.76 | ) | (0.42 | ) | (0.34 | ) | (2.30 | ) | (2.64 | ) | 13.77 | (4.16 | ) | 1,089,572 | 1.21 | 2.06 | 1.21 | 141 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 14.49 | 0.20 | 2.41 | 2.61 | (0.27 | ) | — | (0.27 | ) | 16.83 | 18.21 | 1,165,510 | 1.22 | 1.31 | 1.22 | 81 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.77 | 0.16 | 2.72 | 2.88 | (0.16 | ) | — | (0.16 | ) | 14.49 | 24.47 | # | 926,845 | 1.31 | 1.40 | 1.32 | 59 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.15 | 0.06 | 1.67 | 1.73 | (0.11 | ) | — | (0.11 | ) | 11.77 | 17.09 | 480,731 | 1.38 | 0.85 | 1.38 | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.00 | 0.10 | (a) | 2.19 | 2.29 | (0.14 | ) | — | (0.14 | ) | 10.15 | 28.64 | 332,180 | 1.41 | 1.08 | 1.41 | 58 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.31 | 0.07 | (1.32 | ) | (1.25 | ) | (0.06 | ) | — | (0.06 | ) | 8.00 | (13.40 | ) | 191,041 | 1.46 | 0.83 | 1.46 | 89 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 16.67 | 0.28 | (a) | (0.74 | ) | (0.46 | ) | (0.30 | ) | (2.30 | ) | (2.60 | ) | 13.61 | (4.45 | ) | 12,288 | 1.51 | 1.70 | 1.51 | 141 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 14.34 | 0.16 | 2.40 | 2.56 | (0.23 | ) | — | (0.23 | ) | 16.67 | 18.00 | 14,277 | 1.52 | 1.05 | 1.52 | 81 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.64 | 0.11 | 2.70 | 2.81 | (0.11 | ) | — | (0.11 | ) | 14.34 | 24.15 | # | 11,805 | 1.62 | 1.14 | 1.63 | 59 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.03 | 0.01 | 1.67 | 1.68 | (0.07 | ) | — | (0.07 | ) | 11.64 | 16.78 | 8,480 | 1.72 | 0.47 | 1.75 | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 7.92 | 0.04 | (a) | 2.17 | 2.21 | (0.10 | ) | — | (0.10 | ) | 10.03 | 29.97 | 7,056 | 1.83 | 0.46 | 2.06 | 58 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.21 | 0.04 | (1.30 | ) | (1.26 | ) | (0.03 | ) | — | (0.03 | ) | 7.92 | (13.70 | ) | 6,408 | 1.83 | 0.59 | 2.22 | 89 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 15.76 | 0.17 | (a) | (0.70 | ) | (0.53 | ) | (0.19 | ) | (2.30 | ) | (2.49 | ) | 12.74 | (5.09 | ) | 6,662 | 2.21 | 1.07 | 2.21 | 141 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.58 | 0.05 | 2.25 | 2.30 | (0.12 | ) | — | (0.12 | ) | 15.76 | 16.97 | 8,429 | 2.22 | 0.35 | 2.22 | 81 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.01 | — | 2.57 | 2.57 | — | — | — | 13.58 | 23.34 | # | 8,584 | 2.31 | 0.51 | 2.32 | 59 | |||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.49 | (0.02 | )(a) | 1.54 | 1.52 | — | — | — | 11.01 | 16.03 | 8,248 | 2.40 | (0.21 | ) | 2.45 | 39 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 7.50 | (0.01 | )(a) | 2.06 | 2.05 | (0.06 | ) | — | (0.06 | ) | 9.49 | 27.32 | 7,606 | 2.53 | (0.15 | ) | 2.86 | 58 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 8.75 | (0.01 | ) | (1.24 | ) | (1.25 | ) | — | — | — | 7.50 | (14.29 | ) | 5,678 | 2.53 | (0.17 | ) | 3.03 | 89 |
121
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
International Equity Index Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 18.64 | $ | 0.53 | $ | (0.86 | ) | $ | (0.33 | ) | $ | (0.49 | ) | $ | — | $ | (0.49 | ) | $ | 17.82 | (2.03 | )% | $ | 958,514 | 0.59 | % | 2.74 | % | 0.59 | % | 13 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 15.81 | 0.35 | 2.84 | 3.19 | (0.36 | ) | — | (0.36 | ) | 18.64 | 20.27 | 994,685 | 0.61 | 1.99 | 0.61 | 8 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.83 | 0.25 | 2.94 | 3.19 | (0.21 | ) | — | (0.21 | ) | 15.81 | 25.06 | # | 774,008 | 0.76 | 1.84 | 0.78 | 7 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.11 | 0.08 | (a) | 1.88 | 1.96 | (0.24 | ) | — | (0.24 | ) | 12.83 | 17.68 | 517,993 | 0.97 | 0.81 | 1.06 | 21 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.39 | 0.14 | (a) | 2.71 | 2.85 | (0.13 | ) | — | (0.13 | ) | 11.11 | 34.07 | 351,163 | 0.98 | 1.38 | 1.07 | 10 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.76 | 0.10 | (a) | (1.43 | ) | (1.33 | ) | (0.04 | ) | — | (0.04 | ) | 8.39 | (13.63 | ) | 248,770 | 1.03 | 1.26 | 1.12 | 25 | ||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 18.49 | 0.46 | (0.84 | ) | (0.38 | ) | (0.44 | ) | — | (0.44 | ) | 17.67 | (2.29 | ) | 6,052 | 0.89 | 2.40 | 0.89 | 13 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 15.66 | 0.28 | 2.84 | 3.12 | (0.29 | ) | — | (0.29 | ) | 18.49 | 20.03 | 5,921 | 0.91 | 1.69 | 0.91 | 8 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.69 | 0.25 | 2.87 | 3.12 | (0.15 | ) | — | (0.15 | ) | 15.66 | 24.74 | # | 8,666 | 1.09 | 1.58 | 1.12 | 7 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.93 | 0.04 | (a) | 1.84 | 1.88 | (0.12 | ) | — | (0.12 | ) | 12.69 | 17.22 | 7,600 | 1.36 | 0.38 | 1.45 | 21 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.28 | 0.07 | (a) | 2.68 | 2.75 | (0.10 | ) | — | (0.10 | ) | 10.93 | 33.26 | 15,037 | 1.49 | 0.73 | 1.61 | 10 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.64 | 0.10 | (a) | (1.45 | ) | (1.35 | ) | (0.01 | ) | — | (0.01 | ) | 8.28 | (14.03 | ) | 9,877 | 1.49 | 1.33 | 1.87 | 25 | ||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 17.99 | 0.33 | (0.84 | ) | (0.51 | ) | (0.30 | ) | — | (0.30 | ) | 17.18 | (3.01 | ) | 6,171 | 1.60 | 1.77 | 1.60 | 13 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 15.29 | 0.21 | 2.71 | 2.92 | (0.22 | ) | — | (0.22 | ) | 17.99 | 19.13 | 7,342 | 1.61 | 0.99 | 1.61 | 8 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.37 | 0.07 | 2.87 | 2.94 | (0.02 | ) | — | (0.02 | ) | 15.29 | 23.79 | # | 5,991 | 1.77 | 0.94 | 1.80 | 7 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.69 | (0.02 | )(a) | 1.80 | 1.78 | (0.10 | ) | — | (0.10 | ) | 12.37 | 16.62 | 5,763 | 1.99 | (0.24 | ) | 2.12 | 21 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.10 | 0.02 | (a) | 2.62 | 2.64 | (0.05 | ) | — | (0.05 | ) | 10.69 | 32.60 | 5,208 | 2.14 | 0.25 | 2.54 | 10 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.48 | 0.01 | (a) | (1.39 | ) | (1.38 | ) | — | — | — | 8.10 | (14.56 | ) | 3,093 | 2.14 | 0.18 | 2.82 | 25 | ||||||||||||||||||||||||||||||||||||||
Large Cap Core Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 17.79 | 0.21 | (1.81 | ) | (1.60 | ) | (0.21 | )(b) | (1.73 | ) | (1.94 | )(b) | 14.25 | (10.32 | ) | 1,239,965 | 0.86 | 1.23 | 0.86 | 78 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 17.20 | 0.25 | 1.87 | 2.12 | (0.26 | ) | (1.27 | ) | (1.53 | ) | 17.79 | 12.51 | 1,554,971 | 0.85 | 1.41 | 0.85 | 58 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 16.07 | 0.18 | 1.83 | 2.01 | (0.18 | ) | (0.70 | ) | (0.88 | ) | 17.20 | 12.76 | 1,396,362 | 0.90 | 1.15 | 0.90 | 55 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 14.72 | 0.17 | 1.74 | 1.91 | (0.18 | ) | (0.38 | ) | (0.56 | ) | 16.07 | 12.98 | 1,010,717 | 0.96 | 1.23 | 0.96 | 44 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 12.21 | 0.14 | (a) | 2.50 | 2.64 | (0.13 | ) | — | (0.13 | ) | 14.72 | 21.76 | 782,665 | 1.00 | 1.03 | 1.00 | 51 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 13.80 | 0.13 | (1.60 | ) | (1.47 | ) | (0.12 | ) | — | (0.12 | ) | 12.21 | (10.58 | ) | 598,862 | 0.99 | 1.05 | 0.99 | 52 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 17.97 | 0.17 | (1.84 | ) | (1.67 | ) | (0.17 | )(b) | (1.73 | ) | (1.90 | )(b) | 14.40 | (10.60 | ) | 35,341 | 1.11 | 0.97 | 1.11 | 78 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 17.36 | 0.20 | 1.89 | 2.09 | (0.21 | ) | (1.27 | ) | (1.48 | ) | 17.97 | 12.25 | 46,878 | 1.10 | 1.19 | 1.10 | 58 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 16.21 | 0.14 | 1.85 | 1.99 | (0.14 | ) | (0.70 | ) | (0.84 | ) | 17.36 | 12.50 | 45,851 | 1.15 | 0.90 | 1.15 | 55 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 14.83 | 0.14 | 1.77 | 1.91 | (0.15 | ) | (0.38 | ) | (0.53 | ) | 16.21 | 12.86 | 44,743 | 1.18 | 0.97 | 1.23 | 44 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 12.31 | 0.12 | (a) | 2.51 | 2.63 | (0.11 | ) | — | (0.11 | ) | 14.83 | 21.45 | 45,808 | 1.18 | 0.84 | 1.36 | 51 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 13.91 | 0.11 | (1.61 | ) | (1.50 | ) | (0.10 | ) | — | (0.10 | ) | 12.31 | (10.74 | ) | 36,305 | 1.18 | 0.88 | 1.38 | 52 |
122
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Large Cap Core Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 17.56 | $ | 0.04 | $ | (1.79 | ) | $ | (1.75 | ) | $ | (0.05 | )(b) | $ | (1.73 | ) | $ | (1.78 | )(b) | $ | 14.03 | (11.27 | )% | $ | 46,342 | 1.86 | % | 0.23 | % | 1.86 | % | 78 | % | |||||||||||||||||||||||
Year Ended March 31, 2007 | 17.00 | 0.08 | 1.84 | 1.92 | (0.09 | ) | (1.27 | ) | (1.36 | ) | 17.56 | 11.40 | 68,436 | 1.85 | 0.42 | 1.85 | 58 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 15.89 | 0.02 | 1.81 | 1.83 | (0.02 | ) | (0.70 | ) | (0.72 | ) | 17.00 | 11.69 | 78,348 | 1.90 | 0.15 | 1.90 | 55 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 14.54 | 0.03 | 1.74 | 1.77 | (0.04 | ) | (0.38 | ) | (0.42 | ) | 15.89 | 12.12 | 88,741 | 1.93 | 0.23 | 1.99 | 44 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 12.08 | 0.01 | (a) | 2.47 | 2.48 | (0.02 | ) | — | (0.02 | ) | 14.54 | 20.58 | 97,899 | 1.93 | 0.09 | 2.17 | 51 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 13.66 | — | (1.56 | ) | (1.56 | ) | (0.02 | ) | — | (0.02 | ) | 12.08 | (11.41 | ) | 74,261 | 1.93 | 0.11 | 2.20 | 52 | |||||||||||||||||||||||||||||||||||||
Large Cap Growth Stock Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.86 | 0.05 | 0.49 | 0.54 | (0.05 | ) | (3.40 | ) | (3.45 | ) | 9.95 | 0.92 | 633,291 | 1.00 | 0.45 | 1.01 | 109 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.83 | 0.06 | (a) | 0.58 | 0.64 | (0.06 | ) | (0.55 | ) | (0.61 | ) | 12.86 | 5.08 | 1,105,504 | 0.98 | 0.48 | 0.98 | 79 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.22 | 0.03 | (a) | 0.86 | 0.89 | (0.02 | ) | (0.26 | ) | (0.28 | ) | 12.83 | 7.33 | 1,296,236 | 1.06 | 0.22 | 1.07 | 74 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 12.33 | 0.03 | (a) | 0.07 | 0.10 | (0.03 | ) | (0.18 | ) | (0.21 | ) | 12.22 | 0.76 | 1,493,213 | 1.19 | 0.31 | 1.21 | 72 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 11.02 | (0.03 | )(a) | 1.34 | 1.31 | — | — | — | 12.33 | 11.89 | 1,248,636 | 1.23 | (0.25 | ) | 1.24 | 106 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 12.24 | (0.03 | )(a) | (1.19 | ) | (1.22 | ) | — | — | — | 11.02 | (9.97 | ) | 1,090,549 | 1.22 | (0.32 | ) | 1.24 | 69 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.19 | 0.02 | 0.49 | 0.51 | (0.03 | ) | (3.40 | ) | (3.43 | ) | 9.27 | 0.68 | 66,115 | 1.30 | 0.16 | 1.31 | 109 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.20 | 0.02 | (a) | 0.56 | 0.58 | (0.04 | ) | (0.55 | ) | (0.59 | ) | 12.19 | 4.69 | 80,848 | 1.28 | 0.18 | 1.28 | 79 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.66 | (0.03 | )(a) | 0.83 | 0.80 | — | (0.26 | ) | (0.26 | ) | 12.20 | 6.97 | 104,733 | 1.50 | (0.22 | ) | 1.50 | 74 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.82 | (0.04 | )(a) | 0.06 | 0.02 | — | (0.18 | ) | (0.18 | ) | 11.66 | 0.15 | 126,895 | 1.86 | (0.38 | ) | 1.90 | 72 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.63 | (0.10 | )(a) | 1.29 | 1.19 | — | — | — | 11.82 | 11.19 | 145,883 | 1.88 | (0.91 | ) | 2.00 | 106 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.89 | (0.10 | )(a) | (1.16 | ) | (1.26 | ) | — | — | — | 10.63 | (10.60 | ) | 141,488 | 1.88 | (0.98 | ) | 2.00 | 69 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.36 | (0.06 | ) | 0.48 | 0.42 | (0.01 | ) | (3.40 | ) | (3.41 | ) | 8.37 | (0.08 | ) | 27,949 | 2.00 | (0.54 | ) | 2.01 | 109 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.46 | (0.06 | )(a) | 0.52 | 0.46 | (0.01 | ) | (0.55 | ) | (0.56 | ) | 11.36 | 3.96 | 37,356 | 1.98 | (0.52 | ) | 1.98 | 79 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.04 | (0.09 | )(a) | 0.77 | 0.68 | — | (0.26 | ) | (0.26 | ) | 11.46 | 6.27 | 51,883 | 2.07 | (0.79 | ) | 2.08 | 74 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.22 | (0.07 | )(a) | 0.07 | — | — | (0.18 | ) | (0.18 | ) | 11.04 | (0.02 | ) | 75,786 | 2.21 | (0.74 | ) | 2.24 | 72 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.15 | (0.15 | )(a) | 1.22 | 1.07 | — | — | — | 11.22 | 10.54 | 100,472 | 2.35 | (1.38 | ) | 2.43 | 106 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.40 | (0.14 | )(a) | (1.11 | ) | (1.25 | ) | — | — | — | 10.15 | (10.96 | ) | 94,505 | 2.35 | (1.45 | ) | 2.45 | 69 | |||||||||||||||||||||||||||||||||||||
Large Cap Quantitative Equity Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 14.08 | 0.09 | (a) | (0.85 | ) | (0.76 | ) | (0.09 | )(b) | (1.65 | ) | (1.74 | )(b) | 11.58 | (6.68 | ) | 235,925 | 0.92 | 0.63 | 0.92 | 399 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.75 | 0.07 | (a) | 0.69 | 0.76 | (0.06 | ) | (0.37 | ) | (0.43 | ) | 14.08 | 5.63 | 309,126 | 0.92 | 0.48 | 0.92 | 450 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 13.25 | 0.01 | (a) | 1.55 | 1.56 | — | (1.06 | ) | (1.06 | ) | 13.75 | 12.17 | 284,727 | 0.99 | 0.07 | 1.02 | 432 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 12.08 | (0.02 | )(a) | 1.91 | 1.89 | — | (0.72 | ) | (0.72 | ) | 13.25 | 15.84 | 93,204 | 1.11 | (0.19 | ) | 1.26 | 346 | ||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | (0.02 | )(a) | 2.35 | 2.33 | — | (0.25 | ) | (0.25 | ) | 12.08 | 23.43 | 66,812 | 1.13 | (0.22 | ) | 1.33 | 344 |
123
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Large Cap Quantitative Equity Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 13.97 | $ | 0.05 | (a) | $ | (0.84 | ) | $ | (0.79 | ) | $ | (0.06 | )(b) | $ | (1.65 | ) | $ | (1.71 | )(b) | $ | 11.47 | (6.96 | )% | $ | 830 | 1.17 | % | 0.37 | % | 1.17 | % | 399 | % | ||||||||||||||||||||||
Year Ended March 31, 2007 | 13.65 | 0.03 | (a) | 0.69 | 0.72 | (0.03 | ) | (0.37 | ) | (0.40 | ) | 13.97 | 5.38 | 944 | 1.17 | 0.24 | 1.17 | 450 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 13.18 | (0.02 | )(a) | 1.55 | 1.53 | — | (1.06 | ) | (1.06 | ) | 13.65 | 11.90 | 1,181 | 1.23 | (0.17 | ) | 1.27 | 432 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 12.05 | (0.05 | )(a) | 1.90 | 1.85 | — | (0.72 | ) | (0.72 | ) | 13.18 | 15.54 | 407 | 1.39 | (0.47 | ) | 2.37 | 346 | ||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 11.35 | (0.05 | )(a) | 1.00 | 0.95 | — | (0.25 | ) | (0.25 | ) | 12.05 | 8.48 | 155 | 1.55 | (0.67 | ) | 10.70 | (c) | 344 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 13.61 | (0.05 | )(a) | (0.81 | ) | (0.86 | ) | — | (b) | (1.65 | ) | (1.65 | )(b) | 11.10 | (7.62 | ) | 975 | 1.92 | (0.38 | ) | 1.92 | 399 | ||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.37 | (0.07 | )(a) | 0.68 | 0.61 | — | (0.37 | ) | (0.37 | ) | 13.61 | 4.60 | 1,255 | 1.92 | (0.54 | ) | 1.92 | 450 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 13.03 | (0.13 | )(a) | 1.53 | 1.40 | — | (1.06 | ) | (1.06 | ) | 13.37 | 11.11 | 1,518 | 2.00 | (0.97 | ) | 2.05 | 432 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 12.00 | (0.13 | )(a) | 1.88 | 1.75 | — | (0.72 | ) | (0.72 | ) | 13.03 | 14.76 | 1,458 | 2.13 | (1.22 | ) | 2.39 | 346 | ||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 11.64 | (0.11 | )(a) | 0.72 | 0.61 | — | (0.25 | ) | (0.25 | ) | 12.00 | 5.34 | 1,573 | 2.30 | (1.42 | ) | 3.09 | 344 | ||||||||||||||||||||||||||||||||||||||
Large Cap Value Equity Fund | �� | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 15.13 | 0.28 | (1.16 | ) | (0.88 | ) | (0.28 | ) | (1.62 | ) | (1.90 | ) | 12.35 | (7.07 | ) | 898,491 | 0.83 | 1.93 | 0.83 | 116 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.85 | 0.23 | 1.85 | 2.08 | (0.23 | ) | (0.57 | ) | (0.80 | ) | 15.13 | 15.26 | 893,491 | 0.83 | 1.62 | 0.83 | 95 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.59 | 0.23 | 1.26 | 1.49 | (0.23 | ) | — | (0.23 | ) | 13.85 | 11.93 | 766,547 | 0.85 | 1.74 | 0.86 | 104 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.47 | 0.15 | 1.15 | 1.30 | (0.18 | ) | — | (0.18 | ) | 12.59 | 11.42 | 792,677 | 0.86 | 1.52 | 0.86 | 87 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.73 | 0.15 | (a) | 1.74 | 1.89 | (0.15 | ) | — | (0.15 | ) | 11.47 | 19.58 | 715,928 | 0.90 | 1.40 | 0.90 | 67 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.05 | 0.15 | (1.33 | ) | (1.18 | ) | (0.14 | ) | — | (0.14 | ) | 9.73 | (10.54 | ) | 681,899 | 0.89 | 1.68 | 0.89 | 46 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 15.08 | 0.24 | (1.16 | ) | (0.92 | ) | (0.24 | ) | (1.62 | ) | (1.86 | ) | 12.30 | (7.37 | ) | 47,400 | 1.13 | 1.63 | 1.13 | 116 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.82 | 0.19 | 1.83 | 2.02 | (0.19 | ) | (0.57 | ) | (0.76 | ) | 15.08 | 14.81 | 62,390 | 1.13 | 1.32 | 1.13 | 95 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.56 | 0.19 | 1.26 | 1.45 | (0.19 | ) | — | (0.19 | ) | 13.82 | 11.61 | 67,845 | 1.16 | 1.43 | 1.17 | 104 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.43 | 0.11 | 1.16 | 1.27 | (0.14 | ) | — | (0.14 | ) | 12.56 | 11.18 | 75,462 | 1.20 | 1.18 | 1.20 | 87 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.70 | 0.11 | (a) | 1.73 | 1.84 | (0.11 | ) | — | (0.11 | ) | 11.43 | 19.10 | 73,257 | 1.28 | 1.01 | 1.31 | 67 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.01 | 0.12 | (1.32 | ) | (1.20 | ) | (0.11 | ) | — | (0.11 | ) | 9.70 | (10.85 | ) | 65,294 | 1.28 | 1.29 | 1.32 | 46 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 14.92 | 0.14 | (1.14 | ) | (1.00 | ) | (0.14 | ) | (1.62 | ) | (1.76 | ) | 12.16 | (7.93 | ) | 29,329 | 1.83 | 0.92 | 1.83 | 116 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.68 | 0.09 | 1.81 | 1.90 | (0.09 | ) | (0.57 | ) | (0.66 | ) | 14.92 | 14.04 | 40,223 | 1.83 | 0.62 | 1.83 | 95 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.43 | 0.09 | 1.25 | 1.34 | (0.09 | ) | — | (0.09 | ) | 13.68 | 10.86 | 44,257 | 1.85 | 0.74 | 1.86 | 104 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.31 | 0.03 | 1.15 | 1.18 | (0.06 | ) | — | (0.06 | ) | 12.43 | 10.46 | 53,147 | 1.88 | 0.49 | 1.89 | 87 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.60 | 0.03 | (a) | 1.72 | 1.75 | (0.04 | ) | — | (0.04 | ) | 11.31 | 18.27 | 57,403 | 2.02 | 0.27 | 2.07 | 67 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.90 | 0.05 | (1.31 | ) | (1.26 | ) | (0.04 | ) | — | (0.04 | ) | 9.60 | (11.56 | ) | 49,007 | 2.02 | 0.55 | 2.10 | 46 |
124
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Mid-Cap Core Equity Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 13.89 | $ | 0.08 | (a) | $ | (1.28 | ) | $ | (1.20 | ) | $ | (0.09 | ) | $ | (1.34 | ) | $ | (1.43 | ) | $ | 11.26 | (9.73 | )% | $ | 185,543 | 1.07 | % | 0.56 | % | 1.07 | % | 58 | % | ||||||||||||||||||||||
Year Ended March 31, 2007 | 13.67 | 0.06 | 1.21 | 1.27 | (0.06 | ) | (0.99 | ) | (1.05 | ) | 13.89 | 9.59 | 333,976 | 1.07 | 0.43 | 1.07 | 189 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.03 | 0.07 | 2.26 | 2.33 | (0.07 | ) | (0.62 | ) | (0.69 | ) | 13.67 | 19.68 | 410,459 | 1.12 | 0.63 | 1.13 | 138 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.32 | 0.07 | 1.70 | 1.77 | (0.06 | ) | — | (0.06 | ) | 12.03 | 17.17 | 214,660 | 1.20 | 0.64 | 1.22 | 68 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.74 | 0.06 | (a) | 1.57 | 1.63 | (0.05 | ) | — | (0.05 | ) | 10.32 | 18.70 | 177,128 | 1.23 | 0.64 | 1.26 | 126 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.79 | (0.03 | )(a) | (1.02 | )* | (1.05 | )* | — | — | — | 8.74 | (10.73 | ) | 118,092 | 1.22 | (0.31 | ) | 1.25 | 144 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 13.28 | 0.04 | (a) | (1.22 | ) | (1.18 | ) | (0.06 | ) | (1.34 | ) | (1.40 | ) | 10.70 | (10.02 | ) | 8,614 | 1.37 | 0.29 | 1.37 | 58 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.12 | 0.02 | 1.16 | 1.18 | (0.03 | ) | (0.99 | ) | (1.02 | ) | 13.28 | 9.28 | 11,773 | 1.37 | 0.12 | 1.37 | 189 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.57 | 0.03 | 2.17 | 2.20 | (0.03 | ) | (0.62 | ) | (0.65 | ) | 13.12 | 19.32 | 16,009 | 1.47 | 0.25 | 1.48 | 138 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.92 | 0.02 | 1.64 | 1.66 | (0.01 | ) | — | (0.01 | ) | 11.57 | 16.79 | 14,556 | 1.63 | 0.21 | 1.68 | 68 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.42 | 0.02 | (a) | 1.51 | 1.53 | (0.03 | ) | — | (0.03 | ) | 9.92 | 18.16 | 17,125 | 1.68 | 0.20 | 1.87 | 126 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.47 | (0.05 | )(a) | (1.00 | ) | (1.05 | ) | — | — | — | 8.42 | (11.09 | ) | 12,137 | 1.68 | (0.68 | ) | 1.92 | 144 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.16 | (0.05 | )(a) | (1.09 | ) | (1.14 | ) | (0.02 | ) | (1.34 | ) | (1.36 | ) | 9.66 | (10.62 | ) | 7,308 | 2.07 | (0.41 | ) | 2.07 | 58 | ||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.15 | (0.01 | ) | 1.01 | 1.00 | — | (0.99 | ) | (0.99 | ) | 12.16 | 8.51 | 10,854 | 2.07 | (0.58 | ) | 2.07 | 189 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.81 | — | 1.96 | 1.96 | — | (0.62 | ) | (0.62 | ) | 12.15 | 18.44 | 13,499 | 2.13 | (0.42 | ) | 2.14 | 138 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.30 | 0.01 | 1.50 | 1.51 | — | — | — | 10.81 | 16.24 | 14,557 | 2.21 | (0.37 | ) | 2.28 | 68 | |||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 7.92 | (0.04 | )(a) | 1.43 | 1.39 | (0.01 | ) | — | (0.01 | ) | 9.30 | 17.51 | 15,998 | 2.28 | (0.41 | ) | 2.54 | 126 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 8.97 | (0.10 | )(a) | (0.95 | ) | (1.05 | ) | — | — | — | 7.92 | (11.71 | ) | 12,013 | 2.28 | (1.33 | ) | 2.60 | 144 | |||||||||||||||||||||||||||||||||||||
Mid-Cap Value Equity Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 13.02 | 0.19 | (a) | (1.18 | ) | (0.99 | ) | (0.23 | )(b) | (2.22 | ) | (2.45 | )(b) | 9.58 | (9.75 | ) | 257,978 | 1.06 | 1.52 | 1.06 | 221 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.14 | 0.14 | 2.04 | 2.18 | (0.13 | ) | (2.17 | ) | (2.30 | ) | 13.02 | 17.47 | 278,949 | 1.06 | 1.08 | 1.06 | 196 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.27 | 0.13 | 2.15 | 2.28 | (0.13 | ) | (1.28 | ) | (1.41 | ) | 13.14 | 19.49 | 243,534 | 1.13 | 1.03 | 1.16 | 169 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.95 | 0.11 | 1.33 | 1.44 | (0.12 | ) | — | (0.12 | ) | 12.27 | 13.25 | 209,088 | 1.22 | 1.19 | 1.32 | 117 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.62 | 0.05 | (a) | 2.33 | 2.38 | (0.05 | ) | — | (0.05 | ) | 10.95 | 27.71 | 147,185 | 1.26 | 0.53 | 1.36 | 95 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.95 | 0.05 | (2.16 | ) | (2.11 | ) | (0.04 | ) | (0.18 | ) | (0.22 | ) | 8.62 | (19.05 | ) | 99,854 | 1.25 | 0.63 | 1.35 | 71 | ||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.97 | 0.12 | (a) | (1.14 | ) | (1.02 | ) | (0.20 | )(b) | (2.22 | ) | (2.42 | )(b) | 9.53 | (10.03 | ) | 7,774 | 1.36 | 1.04 | 1.36 | 221 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 13.10 | 0.11 | 2.03 | 2.14 | (0.10 | ) | (2.17 | ) | (2.27 | ) | 12.97 | 17.11 | 3,362 | 1.36 | 0.78 | 1.36 | 196 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.24 | 0.09 | 2.14 | 2.23 | (0.09 | ) | (1.28 | ) | (1.37 | ) | 13.10 | 19.09 | 2,435 | 1.46 | 0.72 | 1.49 | 169 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.94 | 0.08 | 1.31 | 1.39 | (0.09 | ) | — | (0.09 | ) | 12.24 | 12.73 | 1,724 | 1.62 | 0.74 | 1.93 | 117 | ||||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 9.39 | 0.02 | (a) | 1.55 | 1.57 | (0.02 | ) | — | (0.02 | ) | 10.94 | 16.73 | 610 | 1.60 | 0.24 | 4.23 | 95 |
125
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Mid-Cap Value Equity Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 12.91 | $ | 0.07 | (a) | $ | (1.18 | ) | $ | (1.11 | ) | $ | (0.11 | )(b) | $ | (2.22 | ) | $ | (2.33 | )(b) | $ | 9.47 | (10.72 | )% | $ | 4,049 | 2.06 | % | 0.57 | % | 2.06 | % | 221 | % | ||||||||||||||||||||||
Year Ended March 31, 2007 | 13.06 | 0.02 | 2.01 | 2.03 | (0.01 | ) | (2.17 | ) | (2.18 | ) | 12.91 | 16.27 | 6,269 | 2.06 | 0.07 | 2.06 | 196 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 12.21 | 0.02 | 2.13 | 2.15 | (0.02 | ) | (1.28 | ) | (1.30 | ) | 13.06 | 18.47 | 6,366 | 2.03 | 0.13 | 2.17 | 169 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.90 | 0.04 | 1.32 | 1.36 | (0.05 | ) | — | (0.05 | ) | 12.21 | 12.47 | 6,888 | 1.91 | 0.54 | 2.39 | 117 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.58 | (0.01 | )(a) | 2.33 | 2.32 | — | — | — | 10.90 | 27.06 | 7,880 | 1.90 | (0.11 | ) | 2.74 | 95 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.92 | 0.01 | (2.16 | ) | (2.15 | ) | (0.01 | ) | (0.18 | ) | (0.19 | ) | 8.58 | (19.58 | ) | 5,744 | 1.90 | 0.03 | 2.85 | 71 | ||||||||||||||||||||||||||||||||||||
Real Estate 130/30 Fund(4)(6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2008 | 10.00 | 0.10 | 0.25 | 0.35 | (0.07 | ) | — | (0.07 | ) | 10.28 | 3.47 | 5,173 | 1.45 | 1.74 | 3.42 | (c) | 70 | |||||||||||||||||||||||||||||||||||||||
Select Large Cap Growth Stock Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 26.92 | 0.08 | (a) | 1.35 | 1.43 | (0.03 | ) | — | (0.03 | ) | 28.32 | 5.30 | 96,704 | 0.94 | 0.28 | 0.95 | 62 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 25.83 | 0.15 | (a) | 0.99 | 1.14 | (0.05 | ) | — | (0.05 | ) | 26.92 | 4.42 | 98,027 | 0.97 | 0.59 | 0.98 | 160 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 24.14 | — | 1.82 | 1.82 | (0.13 | ) | — | (0.13 | ) | 25.83 | 7.54 | 74,481 | 1.07 | 0.21 | 1.08 | 82 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 23.31 | 0.10 | (a) | 0.77 | 0.87 | (0.04 | ) | — | (0.04 | ) | 24.14 | 3.74 | 98,982 | 1.22 | 0.52 | 1.25 | 51 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 20.78 | (0.06 | )(a) | 2.59 | 2.53 | — | — | — | 23.31 | 12.18 | 144,732 | 1.25 | (0.28 | ) | 1.25 | 49 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 23.25 | — | (a) | (2.47 | ) | (2.47 | ) | — | — | — | 20.78 | (10.62 | ) | 198,429 | 1.24 | (0.01 | ) | 1.24 | 58 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 26.73 | — | (a) | 1.33 | 1.33 | — | — | — | 28.06 | 4.98 | 556 | 1.24 | — | 1.25 | 62 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 25.67 | 0.07 | (a) | 0.99 | 1.06 | — | — | — | 26.73 | 4.13 | 371 | 1.28 | 0.26 | 1.29 | 160 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 24.02 | (0.05 | ) | 1.78 | 1.73 | (0.08 | ) | — | (0.08 | ) | 25.67 | 7.21 | 468 | 1.39 | (0.11 | ) | 1.41 | 82 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 23.26 | 0.03 | (a) | 0.77 | 0.80 | (0.04 | ) | — | (0.04 | ) | 24.02 | 3.42 | 667 | 1.62 | 0.13 | 2.00 | 51 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 22.32 | (0.10 | )(a) | 1.04 | 0.94 | — | — | — | 23.26 | 4.21 | 365 | 1.65 | (0.71 | ) | 4.48 | (c) | 49 | |||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 24.93 | (0.20 | )(a) | 1.25 | 1.05 | — | — | — | 25.98 | 4.21 | 26,596 | 1.95 | (0.74 | ) | 1.95 | 62 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 24.11 | (0.11 | )(a) | 0.93 | 0.82 | — | — | — | 24.93 | 3.40 | 32,895 | 1.98 | (0.44 | ) | 1.99 | 160 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 22.67 | (0.11 | ) | 1.57 | 1.46 | (0.02 | ) | — | (0.02 | ) | 24.11 | 6.46 | 48,412 | 2.07 | (0.80 | ) | 2.08 | 82 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 22.04 | (0.09 | )(a) | 0.72 | 0.63 | — | — | — | 22.67 | 2.86 | 67,950 | 2.23 | (0.47 | ) | 2.28 | 51 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 19.85 | (0.29 | )(a) | 2.48 | 2.19 | — | — | — | 22.04 | 11.03 | 92,966 | 2.31 | (1.34 | ) | 2.41 | 49 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 22.45 | (0.20 | )(a) | (2.40 | ) | (2.60 | ) | — | — | — | 19.85 | (11.58 | ) | 110,085 | 2.31 | (1.07 | ) | 2.40 | 58 | |||||||||||||||||||||||||||||||||||||
Small Cap Growth Stock Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 20.61 | (0.11 | )(a) | (0.33 | ) | (0.44 | ) | — | (6.64 | )(b) | (6.64 | )(b) | 13.53 | (7.09 | ) | 490,675 | 1.19 | (0.57 | ) | 1.20 | 126 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 23.65 | (0.11 | )(a) | (1.74 | ) | (1.85 | ) | — | (1.19 | ) | (1.19 | ) | 20.61 | (7.80 | ) | 845,570 | 1.16 | (0.51 | ) | 1.16 | 139 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 19.99 | (0.14 | )(a) | 5.46 | 5.32 | — | (1.66 | ) | (1.66 | ) | 23.65 | 27.55 | 1,641,681 | 1.17 | (0.66 | ) | 1.18 | 98 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 20.25 | (0.08 | )(a) | 2.27 | 2.19 | — | (2.45 | ) | (2.45 | ) | 19.99 | 10.60 | 940,775 | 1.22 | (0.46 | ) | 1.22 | 70 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 15.19 | (0.16 | )(a) | 5.22 | 5.06 | — | — | — | 20.25 | 33.31 | 789,650 | 1.25 | (0.83 | ) | 1.25 | 107 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 17.28 | (0.12 | )(a) | (1.72 | ) | (1.84 | ) | — | (0.25 | ) | (0.25 | ) | 15.19 | (10.50 | ) | 567,714 | 1.24 | (0.87 | ) | 1.24 | 96 |
126
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Small Cap Growth Stock Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 19.96 | $ | (0.16 | )(a) | $ | (0.28 | ) | $ | (0.44 | ) | $ | — | $ | (6.64 | )(b) | $ | (6.64 | )(b) | $ | 12.88 | (7.33 | )% | $ | 16,490 | 1.49 | % | (0.87 | )% | 1.50 | % | 126 | % | |||||||||||||||||||||||
Year Ended March 31, 2007 | 23.02 | (0.17 | )(a) | (1.70 | ) | (1.87 | ) | — | (1.19 | ) | (1.19 | ) | 19.96 | (8.06 | ) | 24,320 | 1.46 | (0.81 | ) | 1.46 | 139 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 19.56 | (0.21 | )(a) | 5.33 | 5.12 | — | (1.66 | ) | (1.66 | ) | 23.02 | 27.13 | ## | 59,896 | 1.51 | (1.00 | ) | 1.54 | 98 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 19.92 | (0.14 | )(a) | 2.23 | 2.09 | — | (2.45 | ) | (2.45 | ) | 19.56 | 10.26 | 38,954 | 1.61 | (0.84 | ) | 1.73 | 70 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 15.00 | (0.22 | )(a) | 5.14 | 4.92 | — | — | — | 19.92 | 32.80 | 40,590 | 1.61 | (1.20 | ) | 1.88 | 107 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 17.12 | (0.17 | )(a) | (1.70 | ) | (1.87 | ) | — | (0.25 | ) | (0.25 | ) | 15.00 | (10.77 | ) | 21,887 | 1.61 | (1.23 | ) | 1.93 | 96 | |||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 18.46 | (0.27 | )(a) | (0.17 | ) | (0.44 | ) | — | (6.64 | )(b) | (6.64 | )(b) | 11.38 | (7.98 | ) | 14,323 | 2.20 | (1.57 | ) | 2.21 | 126 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 21.53 | (0.29 | )(a) | (1.59 | ) | (1.88 | ) | — | (1.19 | ) | (1.19 | ) | 18.46 | (8.68 | ) | 21,545 | 2.16 | (1.51 | ) | 2.16 | 139 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 18.51 | (0.33 | )(a) | 5.01 | 4.68 | — | (1.66 | ) | (1.66 | ) | 21.53 | 26.27 | ## | 36,242 | 2.18 | (1.67 | ) | 2.18 | 98 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 19.06 | (0.23 | )(a) | 2.13 | 1.90 | — | (2.45 | ) | (2.45 | ) | 18.51 | 9.71 | 35,322 | 2.22 | (1.46 | ) | 2.24 | 70 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 14.45 | (0.34 | )(a) | 4.95 | 4.61 | — | — | — | 19.06 | 31.90 | 40,354 | 2.31 | (1.90 | ) | 2.40 | 107 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 16.62 | (0.26 | )(a) | (1.66 | ) | (1.92 | ) | — | (0.25 | ) | (0.25 | ) | 14.45 | (11.40 | ) | 25,601 | 2.31 | (1.93 | ) | 2.46 | 96 | |||||||||||||||||||||||||||||||||||
Small Cap Value Equity Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 17.35 | 0.18 | (1.65 | ) | (1.47 | ) | (0.17 | ) | (4.54 | ) | (4.71 | ) | 11.17 | (11.23 | ) | 469,424 | 1.19 | 1.20 | 1.19 | 75 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 20.93 | 0.10 | 1.25 | 1.35 | (0.11 | ) | (4.82 | ) | (4.93 | ) | 17.35 | 7.41 | 674,619 | 1.18 | 0.55 | 1.18 | 62 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 19.86 | 0.10 | 5.39 | 5.49 | (0.10 | ) | (4.32 | ) | (4.42 | ) | 20.93 | 30.70 | 762,709 | 1.20 | 0.48 | 1.20 | 58 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 18.26 | 0.04 | (a) | 3.15 | 3.19 | �� | (0.06 | ) | (1.53 | ) | (1.59 | ) | 19.86 | 17.57 | 726,904 | 1.21 | 0.22 | 1.21 | 17 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 13.73 | 0.06 | (a) | 4.53 | 4.59 | (0.06 | ) | — | (0.06 | ) | 18.26 | 33.56 | 682,567 | 1.25 | 0.38 | 1.25 | 44 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 14.54 | 0.08 | (0.82 | ) | (0.74 | ) | (0.07 | ) | — | (0.07 | ) | 13.73 | (5.09 | ) | 518,468 | 1.24 | 0.64 | 1.24 | 29 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 17.20 | 0.14 | (1.63 | ) | (1.49 | ) | (0.14 | ) | (4.54 | ) | (4.68 | ) | 11.03 | (11.48 | ) | 4,887 | 1.44 | 0.94 | 1.44 | 75 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 20.79 | 0.05 | 1.24 | 1.29 | (0.06 | ) | (4.82 | ) | (4.88 | ) | 17.20 | 7.17 | 7,629 | 1.44 | 0.28 | 1.44 | 62 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 19.75 | 0.06 | 5.36 | 5.42 | (0.06 | ) | (4.32 | ) | (4.38 | ) | 20.79 | 30.44 | 5,317 | 1.45 | 0.22 | 1.48 | 58 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 18.18 | (0.01 | )(a) | 3.13 | 3.12 | (0.02 | ) | (1.53 | ) | (1.55 | ) | 19.75 | 17.26 | 4,616 | 1.47 | (0.05 | ) | 1.61 | 17 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 15.75 | 0.03 | (a) | 2.41 | 2.44 | (0.01 | ) | — | (0.01 | ) | 18.18 | 15.51 | 4,088 | 1.55 | 0.30 | 2.15 | 44 | |||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 16.76 | 0.14 | (1.57 | ) | (1.43 | ) | (0.14 | ) | (4.54 | ) | (4.68 | ) | 10.65 | (11.41 | ) | 22,243 | 1.44 | 0.94 | 1.45 | 75 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 20.39 | 0.05 | 1.20 | 1.25 | (0.06 | ) | (4.82 | ) | (4.88 | ) | 16.76 | 7.10 | 35,289 | 1.43 | 0.30 | 1.43 | 62 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 19.45 | 0.06 | 5.26 | 5.32 | (0.06 | ) | (4.32 | ) | (4.38 | ) | 20.39 | 30.41 | 45,388 | 1.45 | 0.23 | 1.70 | 58 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 17.91 | (0.01 | )(a) | 3.09 | 3.08 | (0.01 | ) | (1.53 | ) | (1.54 | ) | 19.45 | 17.27 | 43,664 | 1.50 | (0.07 | ) | 2.25 | 17 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 13.55 | (0.10 | )(a) | 4.46 | 4.36 | — | — | — | 17.91 | 32.20 | 46,192 | 2.26 | (0.64 | ) | 2.45 | 44 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 14.43 | (0.04 | ) | (0.84 | ) | (0.88 | ) | — | — | — | 13.55 | (6.10 | ) | 34,064 | 2.31 | (0.40 | ) | 2.50 | 29 | |||||||||||||||||||||||||||||||||||||
U.S. Equity 130/30 Fund(4)(6) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2008 | 10.00 | 0.01 | (1.25 | ) | (1.24 | ) | (0.01 | ) | — | (0.01 | ) | 8.75 | (12.39 | ) | 4,381 | 1.30 | 0.48 | 3.49 | 87 |
127
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Life Vision Aggressive Growth Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 13.00 | $ | 0.14 | (a) | $ | (0.46 | ) | $ | (0.32 | ) | $ | (0.41 | ) | $ | (1.90 | ) | $ | (2.31 | ) | $ | 10.37 | (4.59 | )% | $ | 28,514 | 0.19 | % | 1.04 | % | 0.20 | % | 46 | % | ||||||||||||||||||||||
Year Ended March 31, 2007 | 12.32 | 0.12 | (a) | 1.05 | 1.17 | (0.25 | ) | (0.24 | ) | (0.49 | ) | 13.00 | 9.60 | 53,098 | 0.18 | 0.94 | 0.18 | 52 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.07 | 0.07 | (a) | 1.45 | 1.52 | (0.14 | ) | (0.13 | ) | (0.27 | ) | 12.32 | 13.90 | 52,765 | 0.21 | 0.66 | 0.26 | 31 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.25 | 0.09 | 0.85 | 0.94 | (0.12 | ) | — | (0.12 | ) | 11.07 | 9.15 | 43,283 | 0.21 | 0.98 | 0.34 | 29 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.55 | 0.04 | (a) | 1.70 | 1.74 | (0.04 | )** | — | (0.04 | )** | 10.25 | 20.34 | 38,468 | 0.25 | 0.39 | 0.39 | 44 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.57 | 0.03 | (1.02 | ) | (0.99 | ) | (0.03 | ) | — | (0.03 | ) | 8.55 | (10.36 | ) | 28,681 | 0.25 | 0.33 | 0.40 | 50 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.97 | 0.13 | (a) | (0.49 | ) | (0.36 | ) | (0.38 | ) | (1.90 | ) | (2.28 | ) | 10.33 | (4.88 | ) | 3,067 | 0.49 | 0.94 | 0.50 | 46 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.29 | 0.08 | (a) | 1.05 | 1.13 | (0.21 | ) | (0.24 | ) | (0.45 | ) | 12.97 | 9.31 | 3,040 | 0.48 | 0.63 | 0.48 | 52 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.05 | 0.04 | (a) | 1.44 | 1.48 | (0.11 | ) | (0.13 | ) | (0.24 | ) | 12.29 | 13.50 | 2,619 | 0.52 | 0.42 | 0.62 | 31 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.23 | 0.06 | 0.85 | 0.91 | (0.09 | ) | — | (0.09 | ) | 11.05 | 8.90 | 2,080 | 0.55 | 0.86 | 1.01 | 29 | ||||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 9.46 | (0.01 | )(a) | 0.81 | 0.80 | (0.03 | ) | — | (0.03 | ) | 10.23 | 8.43 | 867 | 0.51 | (0.24 | ) | 5.15 | 44 | ||||||||||||||||||||||||||||||||||||||
B Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.84 | 0.06 | (a) | (0.46 | ) | (0.40 | ) | (0.35 | ) | (1.90 | ) | (2.25 | ) | 10.19 | (5.25 | ) | 4,472 | 0.94 | 0.41 | 0.95 | 46 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.19 | 0.03 | (a) | 1.02 | 1.05 | (0.16 | ) | (0.24 | ) | (0.40 | ) | 12.84 | 8.71 | 5,575 | 0.93 | 0.18 | 0.93 | 52 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 10.98 | (0.02 | )(a) | 1.45 | 1.43 | (0.09 | ) | (0.13 | ) | (0.22 | ) | 12.19 | 13.10 | 5,756 | 0.99 | (0.14 | ) | 1.10 | 31 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.18 | 0.03 | 0.83 | 0.86 | (0.06 | ) | — | (0.06 | ) | 10.98 | 8.44 | 5,452 | 1.03 | 0.19 | 1.40 | 29 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 8.53 | (0.04 | )(a) | 1.70 | 1.66 | (0.01 | ) | — | (0.01 | ) | 10.18 | 19.49 | 4,367 | 1.00 | (0.36 | ) | 1.95 | 44 | ||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2003 | 7.23 | (0.01 | ) | 1.31 | 1.30 | — | — | — | 8.53 | 18.03 | 1,052 | 0.89 | (0.86 | ) | 1.36 | 50 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.98 | 0.04 | (a) | (0.49 | ) | (0.45 | ) | (0.34 | ) | (1.90 | ) | (2.24 | ) | 10.29 | (5.56 | ) | 1,767 | 1.19 | 0.27 | 1.21 | 46 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.33 | — | (a) | 1.04 | 1.04 | (0.15 | ) | (0.24 | ) | (0.39 | ) | 12.98 | 8.54 | 1,573 | 1.18 | (0.03 | ) | 1.18 | 52 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 11.07 | 0.01 | (a) | 1.46 | 1.47 | (0.08 | ) | (0.13 | ) | (0.21 | ) | 12.33 | 13.40 | 1,146 | 1.17 | 0.03 | 1.22 | 31 | ||||||||||||||||||||||||||||||||||||||
Life Vision Conservative Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.37 | 0.44 | (0.10 | ) | 0.34 | (0.44 | ) | (0.16 | ) | (0.60 | ) | 11.11 | 3.02 | 5,177 | 0.18 | 3.98 | 0.30 | 47 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.21 | 0.45 | (a) | 0.30 | 0.75 | (0.48 | ) | (0.11 | ) | (0.59 | ) | 11.37 | 6.91 | 3,362 | 0.20 | 4.00 | 0.32 | 43 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.09 | 0.34 | 0.20 | 0.54 | (0.36 | ) | (0.06 | ) | (0.42 | ) | 11.21 | 4.96 | 3,066 | 0.20 | 3.33 | 0.56 | 29 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.87 | 0.27 | 0.29 | 0.56 | (0.30 | ) | (0.04 | ) | (0.34 | ) | 11.09 | 5.18 | 414 | 0.17 | 3.18 | 1.52 | 121 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.71 | 0.15 | (a) | 0.14 | 0.29 | (0.13 | ) | — | (0.13 | ) | 10.87 | 2.68 | 30 | 0.25 | 2.41 | 85.33 | (c) | 138 | ||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.38 | 0.44 | (0.13 | ) | 0.31 | (0.41 | ) | (0.16 | ) | (0.57 | ) | 11.12 | 2.75 | 663 | 0.49 | 3.63 | 0.61 | 47 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.21 | 0.41 | (a) | 0.32 | 0.73 | (0.45 | ) | (0.11 | ) | (0.56 | ) | 11.38 | 6.64 | 811 | 0.50 | 3.61 | 0.62 | 43 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.09 | 0.30 | 0.20 | 0.50 | (0.32 | ) | (0.06 | ) | (0.38 | ) | 11.21 | 4.63 | 1,324 | 0.53 | 2.85 | 0.83 | 29 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.86 | 0.23 | 0.30 | 0.53 | (0.26 | ) | (0.04 | ) | (0.30 | ) | 11.09 | 4.88 | 606 | 0.56 | 2.50 | 1.51 | 121 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.68 | 0.12 | (a) | 0.18 | 0.30 | (0.12 | ) | — | (0.12 | ) | 10.86 | 2.82 | 474 | 0.57 | 2.06 | 4.00 | 138 |
128
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Life Vision Conservative Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
B Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 11.38 | $ | 0.38 | $ | (0.12 | ) | $ | 0.26 | $ | (0.38 | ) | $ | (0.16 | ) | $ | (0.54 | ) | $ | 11.10 | 2.23 | % | $ | 4,903 | 0.93 | % | 3.20 | % | 1.06 | % | 47 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.22 | 0.36 | (a) | 0.31 | 0.67 | (0.40 | ) | (0.11 | ) | (0.51 | ) | 11.38 | 6.12 | 4,653 | 0.95 | 3.23 | 1.07 | 43 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.09 | 0.25 | 0.21 | 0.46 | (0.27 | ) | (0.06 | ) | (0.33 | ) | 11.22 | 4.23 | 5,189 | 0.97 | 2.34 | 1.19 | 29 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.86 | 0.19 | 0.30 | 0.49 | (0.22 | ) | (0.04 | ) | (0.26 | ) | 11.09 | 4.50 | 5,635 | 0.96 | 2.11 | 1.67 | 121 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.43 | 0.17 | (a) | 0.39 | 0.56 | (0.13 | ) | — | (0.13 | ) | 10.86 | 5.38 | 5,012 | 0.95 | 1.54 | 1.81 | 138 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2003 | 10.00 | 0.01 | 0.42 | 0.43 | — | — | — | 10.43 | 4.30 | 800 | 0.92 | 0.85 | 1.39 | 160 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.37 | 0.34 | (0.11 | ) | 0.23 | (0.35 | ) | (0.16 | ) | (0.51 | ) | 11.09 | 2.03 | 840 | 1.18 | 2.94 | 1.31 | 47 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.20 | 0.34 | (a) | 0.31 | 0.65 | (0.37 | ) | (0.11 | ) | (0.48 | ) | 11.37 | 5.91 | 792 | 1.20 | 2.99 | 1.32 | 43 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 11.08 | 0.26 | 0.20 | 0.46 | (0.28 | ) | (0.06 | ) | (0.34 | ) | 11.20 | 4.22 | 835 | 1.03 | 2.39 | 1.59 | 29 | |||||||||||||||||||||||||||||||||||||||
Life Vision Growth and Income Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.89 | 0.28 | (0.44 | ) | (0.16 | ) | (0.45 | ) | (0.97 | ) | (1.42 | ) | 11.31 | (2.16 | ) | 69,704 | 0.17 | 2.02 | 0.17 | 50 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.43 | 0.25 | (a) | 0.82 | 1.07 | (0.35 | ) | (0.26 | ) | (0.61 | ) | 12.89 | 8.73 | 111,848 | 0.17 | 2.00 | 0.17 | 45 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.41 | 0.17 | (a) | 1.08 | 1.25 | (0.23 | ) | — | (0.23 | ) | 12.43 | 11.05 | 97,964 | 0.19 | 1.46 | 0.24 | 34 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.76 | 0.14 | 0.69 | 0.83 | (0.18 | ) | — | (0.18 | ) | 11.41 | 7.77 | 87,520 | 0.22 | 1.60 | 0.33 | 59 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.33 | 0.14 | (a) | 1.43 | 1.57 | (0.14 | ) | — | (0.14 | ) | 10.76 | 16.92 | 75,083 | 0.25 | 1.38 | 0.36 | 97 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.98 | 0.13 | (0.65 | ) | (0.52 | ) | (0.13 | ) | — | (0.13 | ) | 9.33 | (5.16 | ) | 59,449 | 0.25 | 1.46 | 0.37 | 139 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.87 | 0.20 | (0.40 | ) | (0.20 | ) | (0.42 | ) | (0.97 | ) | (1.39 | ) | 11.28 | (2.47 | ) | 5,031 | 0.47 | 1.62 | 0.47 | 50 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.41 | 0.21 | (a) | 0.82 | 1.03 | (0.31 | ) | (0.26 | ) | (0.57 | ) | 12.87 | 8.44 | 6,778 | 0.47 | 1.71 | 0.47 | 45 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.39 | 0.15 | (a) | 1.06 | 1.21 | (0.19 | ) | — | (0.19 | ) | 12.41 | 10.73 | 5,737 | 0.51 | 1.24 | 0.58 | 34 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.75 | 0.11 | 0.68 | 0.79 | (0.15 | ) | — | (0.15 | ) | 11.39 | 7.37 | 3,575 | 0.57 | 1.33 | 0.91 | 59 | ||||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.18 | 0.06 | (a) | 0.58 | 0.64 | (0.07 | ) | — | (0.07 | ) | 10.75 | 6.32 | 1,426 | 0.56 | 1.04 | 1.95 | 97 | |||||||||||||||||||||||||||||||||||||||
B Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.87 | 0.17 | (0.43 | ) | (0.26 | ) | (0.37 | ) | (0.97 | ) | (1.34 | ) | 11.27 | (2.89 | ) | 14,339 | 0.92 | 1.35 | 0.92 | 50 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.41 | 0.16 | (a) | 0.82 | 0.98 | (0.26 | ) | (0.26 | ) | (0.52 | ) | 12.87 | 7.95 | 16,966 | 0.92 | 1.24 | 0.92 | 45 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 11.39 | 0.08 | (a) | 1.08 | 1.16 | (0.14 | ) | — | (0.14 | ) | 12.41 | 10.21 | 17,829 | 0.96 | 0.71 | 1.07 | 34 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.74 | 0.06 | 0.69 | 0.75 | (0.10 | ) | — | (0.10 | ) | 11.39 | 7.00 | 16,641 | 1.01 | 0.83 | 1.34 | 59 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.34 | 0.07 | (a) | 1.42 | 1.49 | (0.09 | ) | — | (0.09 | ) | 10.74 | 15.99 | 13,060 | 1.00 | 0.63 | 1.61 | 97 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2003 | 8.10 | 0.02 | 1.24 | 1.26 | (0.02 | ) | — | (0.02 | ) | 9.34 | 15.57 | 2,017 | 0.90 | 0.39 | 1.34 | 139 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 12.83 | 0.15 | (0.44 | ) | (0.29 | ) | (0.35 | ) | (0.97 | ) | (1.32 | ) | 11.22 | (3.14 | ) | 5,584 | 1.17 | 1.12 | 1.17 | 50 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 12.39 | 0.13 | (a) | 0.80 | 0.93 | (0.23 | ) | (0.26 | ) | (0.49 | ) | 12.83 | 7.62 | 5,535 | 1.17 | 1.05 | 1.17 | 45 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 11.41 | 0.11 | (a) | 1.02 | 1.13 | (0.15 | ) | — | (0.15 | ) | 12.39 | 9.94 | 2,820 | 1.15 | 0.89 | 1.20 | 34 |
129
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Life Vision Moderate Growth Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 10.88 | $ | 0.31 | $ | (0.25 | ) | $ | 0.06 | $ | (0.39 | ) | $ | (0.17 | ) | $ | (0.56 | ) | $ | 10.38 | 0.30 | % | $ | 147,784 | 0.17 | % | 2.87 | % | 0.17 | % | 40 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.85 | 0.31 | (a) | 0.55 | 0.86 | (0.37 | ) | (0.46 | ) | (0.83 | ) | 10.88 | 8.02 | 193,107 | 0.16 | 2.80 | 0.16 | 49 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 10.49 | 0.24 | (a) | 0.64 | 0.88 | (0.28 | ) | (0.24 | ) | (0.52 | ) | 10.85 | 8.48 | 158,301 | 0.18 | 2.17 | 0.22 | 34 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.06 | 0.18 | 0.52 | 0.70 | (0.22 | ) | (0.05 | ) | (0.27 | ) | 10.49 | 6.98 | 132,522 | 0.21 | 2.10 | 0.32 | 83 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.02 | 0.16 | (a) | 1.04 | 1.20 | (0.16 | ) | — | (0.16 | ) | 10.06 | 13.35 | 121,659 | 0.25 | 1.65 | 0.36 | 109 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.40 | 0.16 | (0.38 | ) | (0.22 | ) | (0.16 | ) | — | (0.16 | ) | 9.02 | (2.21 | ) | 93,722 | 0.25 | 1.87 | 0.36 | 101 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.88 | 0.28 | (0.25 | ) | 0.03 | (0.37 | ) | (0.17 | ) | (0.54 | ) | 10.37 | (0.02 | ) | 8,632 | 0.47 | 2.59 | 0.48 | 40 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.84 | 0.28 | (a) | 0.55 | 0.83 | (0.33 | ) | (0.46 | ) | (0.79 | ) | 10.88 | 7.77 | 11,069 | 0.46 | 2.53 | 0.46 | 49 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 10.48 | 0.20 | (a) | 0.64 | 0.84 | (0.24 | ) | (0.24 | ) | (0.48 | ) | 10.84 | 8.16 | 5,821 | 0.47 | 1.92 | 0.59 | 34 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.05 | 0.15 | 0.52 | 0.67 | (0.19 | ) | (0.05 | ) | (0.24 | ) | 10.48 | 6.74 | 8,161 | 0.47 | 1.91 | 0.87 | 83 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 9.58 | 0.10 | (a) | 0.45 | 0.55 | (0.08 | ) | — | (0.08 | ) | 10.05 | 5.79 | 3,541 | 0.55 | 1.49 | 1.27 | 109 | |||||||||||||||||||||||||||||||||||||||
B Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.86 | 0.23 | (0.25 | ) | (0.02 | ) | (0.33 | ) | (0.17 | ) | (0.50 | ) | 10.34 | (0.46 | ) | 10,572 | 0.92 | 2.13 | 0.93 | 40 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.82 | 0.22 | (a) | 0.56 | 0.78 | (0.28 | ) | (0.46 | ) | (0.74 | ) | 10.86 | 7.36 | 12,723 | 0.91 | 2.03 | 0.91 | 49 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006† | 10.46 | 0.16 | (a) | 0.64 | 0.80 | (0.20 | ) | (0.24 | ) | (0.44 | ) | 10.82 | 7.60 | 14,073 | 0.92 | 1.41 | 1.06 | 34 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.03 | 0.11 | 0.52 | 0.63 | (0.15 | ) | (0.05 | ) | (0.20 | ) | 10.46 | 6.28 | 14,797 | 0.92 | 1.37 | 1.35 | 83 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.00 | 0.09 | (a) | 1.04 | 1.13 | (0.10 | ) | — | (0.10 | ) | 10.03 | 12.66 | 13,236 | 1.00 | 0.91 | 1.56 | 109 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2003 | 8.05 | 0.03 | 0.95 | 0.98 | (0.03 | ) | — | (0.03 | ) | 9.00 | 12.22 | 2,691 | 0.91 | 0.93 | 1.34 | 101 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.86 | 0.20 | (0.25 | ) | (0.05 | ) | (0.30 | ) | (0.17 | ) | (0.47 | ) | 10.34 | (0.66 | ) | 20,419 | 1.17 | 1.87 | 1.17 | 40 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.82 | 0.23 | (a) | 0.52 | 0.75 | (0.25 | ) | (0.46 | ) | (0.71 | ) | 10.86 | 7.01 | 24,424 | 1.19 | 2.12 | 1.19 | 49 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 10.49 | 0.15 | (a) | 0.62 | 0.77 | (0.20 | ) | (0.24 | ) | (0.44 | ) | 10.82 | 7.40 | 1,674 | 1.13 | 1.43 | 1.19 | 34 | ||||||||||||||||||||||||||||||||||||||
Life Vision Target Date 2015 Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.56 | 0.23 | (0.67 | ) | (0.44 | ) | (0.40 | ) | (0.09 | ) | (0.49 | ) | 10.63 | (4.19 | ) | 3,150 | 0.18 | 1.80 | 0.97 | 196 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.86 | 0.21 | (a) | 0.77 | 0.98 | (0.26 | ) | (0.02 | ) | (0.28 | ) | 11.56 | 9.18 | 2,067 | 0.20 | 1.87 | 2.20 | 67 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 10.00 | 0.09 | (a) | 0.90 | 0.99 | (0.13 | ) | — | (0.13 | ) | 10.86 | 9.94 | 270 | 0.20 | 1.80 | 13.92 | (c) | 25 | ||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.56 | 0.22 | (0.70 | ) | (0.48 | ) | (0.38 | ) | (0.09 | ) | (0.47 | ) | 10.61 | (4.55 | ) | 18 | 0.48 | 1.69 | 1.25 | 196 | ||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2007 | 11.42 | 0.05 | (a) | 0.11 | 0.16 | (0.02 | ) | — | (0.02 | ) | 11.56 | 1.43 | 2 | 0.50 | 1.64 | 2.36 | (c) | 67 |
130
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio | Net | Average Net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | of | Investment | Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | (Loss) | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Reimbursements | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | and | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Life Vision Target Date 2025 Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 11.93 | $ | 0.15 | (a) | $ | (0.67 | ) | $ | (0.52 | ) | $ | (0.41 | ) | $ | (0.16 | ) | $ | (0.57 | ) | $ | 10.84 | (4.81 | )% | $ | 5,770 | 0.20 | % | 1.28 | % | 0.46 | % | 67 | % | ||||||||||||||||||||||
Year Ended March 31, 2007 | 11.11 | 0.15 | (a) | 0.91 | 1.06 | (0.23 | ) | (0.01 | ) | (0.24 | ) | 11.93 | 9.64 | 4,704 | 0.20 | 1.28 | 1.28 | 48 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 10.00 | 0.09 | (a) | 1.14 | 1.23 | (0.12 | ) | — | (0.12 | ) | 11.11 | 12.33 | 1,110 | 0.20 | 1.86 | 11.64 | (c) | 17 | ||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.93 | 0.12 | (a) | (0.67 | ) | (0.55 | ) | (0.39 | ) | (0.16 | ) | (0.55 | ) | 10.83 | (5.11 | ) | 48 | 0.50 | 1.01 | 0.76 | 67 | |||||||||||||||||||||||||||||||||||
Period Ended March 31, 2007 | 10.82 | 0.07 | (a) | 1.23 | 1.30 | (0.18 | ) | (0.01 | ) | (0.19 | ) | 11.93 | 12.01 | 45 | 0.50 | 0.86 | 2.00 | 48 | ||||||||||||||||||||||||||||||||||||||
Life Vision Target Date 2035 Fund(4)(5) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.64 | 0.16 | (a) | (0.66 | ) | (0.50 | ) | (0.33 | ) | (0.16 | ) | (0.49 | ) | 10.65 | (4.70 | ) | 2,908 | 0.18 | 1.32 | 0.99 | 53 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.89 | 0.12 | (a) | 0.90 | 1.02 | (0.22 | ) | (0.05 | ) | (0.27 | ) | 11.64 | 9.41 | 1,318 | 0.20 | 1.05 | 2.45 | 50 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006† | 10.00 | 0.07 | (a) | 0.94 | 1.01 | (0.12 | ) | — | (0.12 | ) | 10.89 | 10.14 | 590 | 0.20 | 1.41 | 10.98 | (c) | 40 | ||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.64 | 0.18 | (a) | (0.71 | ) | (0.53 | ) | (0.31 | ) | (0.16 | ) | (0.47 | ) | 10.64 | (5.00 | ) | 20 | 0.47 | 1.51 | 1.20 | 53 | |||||||||||||||||||||||||||||||||||
Period Ended March 31, 2007 | 11.07 | 0.08 | (a) | 0.73 | 0.81 | (0.19 | ) | (0.05 | ) | (0.24 | ) | 11.64 | 7.39 | 4 | 0.50 | 0.77 | 4.75 | 50 |
131
(1) | Total return excludes sales charge. Not annualized for periods less than one year. | |
(2) | Annualized for periods less than one year. | |
(3) | Not annualized for periods less than a year. | |
(4) | The following table details the commencement of operations of certain classes of each respective fund. |
Fund | Class | Commencement Date | ||
Aggressive Growth Stock Fund | I Shares | February 23, 2004 | ||
Aggressive Growth Stock Fund | A Shares | February 23, 2004 | ||
Aggressive Growth Stock Fund | C Shares | February 23, 2004 | ||
Emerging Growth Stock Fund | I Shares | February 23, 2004 | ||
Emerging Growth Stock Fund | A Shares | February 23, 2004 | ||
Emerging Growth Stock Fund | C Shares | February 27, 2004 | ||
International Equity 130/30 Fund | I Shares | December 27, 2007 | ||
Large Cap Quantitative Equity Fund | I Shares | August 7, 2003 | ||
Large Cap Quantitative Equity Fund | A Shares | October 8, 2003 | ||
Large Cap Quantitative Equity Fund | C Shares | October 13, 2003 | ||
Mid-Cap Value Equity Fund | A Shares | October 27, 2003 | ||
Real Estate 130/30 Fund | I Shares | December 27, 2007 | ||
Select Large Cap Growth Stock Fund | A Shares | October 14, 2003 | ||
Small Cap Value Equity Fund | A Shares | October 9, 2003 | ||
U.S. Equity 130/30 Fund | I Shares | December 27, 2007 | ||
Life Vision Aggressive Growth Fund | A Shares | October 16, 2003 | ||
Life Vision Aggressive Growth Fund | B Shares | March 11, 2003 | ||
Life Vision Aggressive Growth Fund | C Shares | April 4, 2005 | ||
Life Vision Conservative Fund | I Shares | November 6, 2003 | ||
Life Vision Conservative Fund | A Shares | November 11, 2003 | ||
Life Vision Conservative Fund | B Shares | March 11, 2003 | ||
Life Vision Conservative Fund | C Shares | April 4, 2005 | ||
Life Vision Growth and Income Fund | A Shares | November 5, 2003 | ||
Life Vision Growth and Income Fund | B Shares | March 11, 2003 | ||
Life Vision Growth and Income Fund | C Shares | April 5, 2005 | ||
Life Vision Moderate Growth Fund | A Shares | October 10, 2003 | ||
Life Vision Moderate Growth Fund | B Shares | March 11, 2003 | ||
Life Vision Moderate Growth Fund | C Shares | April 5, 2005 | ||
Life Vision Target Date 2015 Fund | I Shares | October 12, 2005 | ||
Life Vision Target Date 2015 Fund | A Shares | January 4, 2007 | ||
Life Vision Target Date 2025 Fund | I Shares | October 21, 2005 | ||
Life Vision Target Date 2025 Fund | A Shares | July 11, 2006 | ||
Life Vision Target Date 2035 Fund | I Shares | November 2, 2005 | ||
Life Vision Target Date 2035 Fund | A Shares | May 3, 2006 |
(5) | The Life Vision Funds and its shareholders indirectly bear a pro rata share of the expenses of the underlying funds. The expense ratios do not include such expenses. | |
(6) | The 130/30 Funds’ net expense ratio excludes dividend expense on securities sold short and the gross expense ratio includes dividend expense on securities sold short of 1.74%, 1.03% and 0.66% for the International Equity 130/30 Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund, respectively. | |
(a) | Per share data calculated using average shares outstanding method. | |
(b) | The Large Cap Core Equity Fund, Large Cap Quantitative Equity Fund, Mid-Cap Value Equity Fund and Small Cap Growth Stock Fund include per share distributions from tax return of capital of $—, $—, $(0.05) and $(0.11), respectively. | |
(c) | Ratio reflects the impact of the initial low level of average net assets associated with commencement of operations. | |
* | Includes redemption fees of $0.01. | |
** | Includes return of capital of $0.03. | |
# | The Fund had a voluntary reimbursement by the Investment Adviser and affiliates that had no effect on total returns for the period. | |
## | The Fund’s total return includes the effect of an asset valuation adjustment as of March 31, 2006. Excluding this effect, total return would have been 27.08% and 26.21% for the A Shares and C Shares respectively. There was no effect to the total return in I Shares. | |
† | Net Investment Income (Loss), Net Realized and Unrealized Gains (Losses) on Investments and the Ratio of Net Investment Income (Loss) to Average Net Assets have been adjusted due to the reclassification of short-term gains from Net Investment Income to Net Realized and Unrealized Gains (Losses) on Investments. |
132
1. | Organization |
2. | Reorganization |
133
Before Reorganization | After Reorganization | |||||||||||
Life Vision | Life Vision | |||||||||||
Moderate | Moderate | |||||||||||
Balanced Fund | Growth Fund | Growth Fund | ||||||||||
Shares | 6,599,362 | 16,050,580 | 21,610,264 | |||||||||
Net Assets | $ | 60,087,436 | $ | 173,582,176 | $ | 233,669,612 | ||||||
Net Asset Value: | ||||||||||||
I Shares | $ | 9.14 | $ | 10.81 | $ | 10.81 | ||||||
A Shares | $ | 9.20 | $ | 10.81 | $ | 10.81 | ||||||
C Shares | $ | 9.04 | $ | 10.80 | $ | 10.80 |
134
135
Fees($) | ||||
Aggressive Growth Stock Fund | 75 | |||
Emerging Growth Stock Fund | 46 | |||
International Equity Fund | 315 | |||
International Equity Index Fund | 368 | |||
Large Cap Core Equity Fund | 144 | |||
Large Cap Growth Stock Fund | 120 | |||
Large Cap Value Equity Fund | 134 | |||
Mid-Cap Core Equity Fund | 46 | |||
Mid-Cap Value Equity Fund | 55 | |||
Select Large Cap Growth Stock Fund | 11 | |||
Small Cap Growth Stock Fund | 262 | |||
Small Cap Value Equity Fund | 158 |
136
137
Year Ended | Year Ended | |||||||
03/31/08($) | 3/31/07($) | |||||||
Aggressive Growth Stock Fund | — | 266 | ||||||
Emerging Growth Stock Fund | — | 1 | ||||||
International Equity Fund | 3,035 | 26,327 | ||||||
International Equity Index Fund | 1,463 | 50,088 | ||||||
Large Cap Core Equity Fund | — | 3,599 | ||||||
Large Cap Growth Stock Fund | — | 953 | ||||||
Large Cap Quantitative Equity Fund | — | 105 | ||||||
Large Cap Value Equity Fund | — | 6 | ||||||
Mid-Cap Core Equity Fund | — | 2,007 | ||||||
Mid-Cap Value Equity Fund | — | 1,118 | ||||||
Select Large Cap Growth Stock Fund | — | 6 | ||||||
Small Cap Growth Stock Fund | — | 23,750 | ||||||
Small Cap Value Equity Fund | — | 462 | ||||||
Life Vision Conservative Fund | — | 55 | ||||||
Life Vision Growth and Income Fund | — | 276 |
138
4. | Agreements and Other Transactions with Affiliates |
139
Maximum | Discounted | Net | ||||||||||||||
Annual | Annual | Advisory Fees | Annual | |||||||||||||
Advisory | Advisory | Waived or | Fees | |||||||||||||
Fee(%) | Fee(%) | Reimbursed(%) | Paid(%) | |||||||||||||
Aggressive Growth Stock Fund* | 1.10 | 1.10 | — | 1.10 | ||||||||||||
Emerging Growth Stock Fund* | 1.10 | 1.10 | — | 1.10 | ||||||||||||
International Equity 130/30 Fund | 1.25 | 1.25 | (4.13 | ) | — | |||||||||||
International Equity Fund | 1.15 | 1.11 | — | 1.11 | ||||||||||||
International Equity Index Fund | 0.50 | 0.49 | — | 0.49 | ||||||||||||
Large Cap Core Fund | 0.85 | 0.81 | — | 0.81 | ||||||||||||
Large Cap Growth Stock Fund | 0.97 | 0.95 | — | 0.95 | ||||||||||||
Large Cap Quantitative Equity Fund | 0.85 | 0.85 | — | 0.85 | ||||||||||||
Large Cap Value Equity Fund | 0.80 | 0.78 | — | 0.78 | ||||||||||||
Mid-Cap Core Equity Fund | 1.00 | 1.00 | — | 1.00 | ||||||||||||
Mid-Cap Value Equity Fund | 1.00 | 1.00 | — | 1.00 | ||||||||||||
Real Estate 130/30 Fund | 1.25 | 1.25 | (0.87 | ) | 0.38 | |||||||||||
Select Large Cap Growth Stock Fund | 0.85 | 0.85 | — | 0.85 | ||||||||||||
Small Cap Growth Stock Fund | 1.15 | 1.14 | — | 1.14 | ||||||||||||
Small Cap Value Equity Fund | 1.15 | 1.14 | — | 1.14 | ||||||||||||
U.S. Equity 130/30 Fund | 1.10 | 1.10 | (1.60 | ) | — | |||||||||||
Life Vision Aggressive Growth Fund | 0.10 | 0.10 | (0.01 | ) | 0.09 | |||||||||||
Life Vision Conservative Fund | 0.10 | 0.10 | (0.10 | ) | — | |||||||||||
Life Vision Growth and Income Fund | 0.10 | 0.10 | — | 0.10 | ||||||||||||
Life Vision Moderate Growth Fund | 0.10 | 0.10 | — | 0.10 | ||||||||||||
Life Vision Target Date 2015 Fund | 0.10 | 0.10 | (0.74 | ) | — | |||||||||||
Life Vision Target Date 2025 Fund | 0.10 | 0.10 | (0.25 | ) | — | |||||||||||
Life Vision Target Date 2035 Fund | 0.10 | 0.10 | (0.79 | ) | — |
* | Aggregate annual fees paid to the Investment Adviser, who pays Zevenbergen Capital Investments LLC a portion of the fees to serve as the Fund’s Sub-Adviser. |
140
Total | ||||||
Operating | ||||||
Expense(%) | ||||||
International Equity 130/30 Fund | I Shares | 1.55 | ||||
Real Estate 130/30 Fund | I Shares | 1.45 | ||||
Select Large Cap Growth Stock Fund | I Shares | 0.95 | ||||
Select Large Cap Growth Stock Fund | A Shares | 1.25 | ||||
Select Large Cap Growth Stock Fund | C Shares | 1.95 | ||||
U.S. Equity 130/30 Fund | I Shares | 1.30 | ||||
Life Vision Aggressive Growth Fund | I Shares | 0.20 | ||||
Life Vision Aggressive Growth Fund | A Shares | 0.50 | ||||
Life Vision Aggressive Growth Fund | B Shares | 0.95 | ||||
Life Vision Aggressive Growth Fund | C Shares | 1.20 | ||||
Life Vision Conservative Fund | I Shares | 0.20 | ||||
Life Vision Conservative Fund | A Shares | 0.50 | ||||
Life Vision Conservative Fund | B Shares | 0.95 | ||||
Life Vision Conservative Fund | C Shares | 1.20 | ||||
Life Vision Growth and Income Fund | I Shares | 0.20 | ||||
Life Vision Growth and Income Fund | A Shares | 0.50 | ||||
Life Vision Growth and Income Fund | B Shares | 0.95 | ||||
Life Vision Growth and Income Fund | C Shares | 1.20 | ||||
Life Vision Moderate Growth Fund | I Shares | 0.20 | ||||
Life Vision Moderate Growth Fund | A Shares | 0.50 | ||||
Life Vision Moderate Growth Fund | B Shares | 0.95 | ||||
Life Vision Moderate Growth Fund | C Shares | 1.20 | ||||
Life Vision Target Date 2015 Fund | I Shares | 0.20 | ||||
Life Vision Target Date 2015 Fund | A Shares | 0.50 | ||||
Life Vision Target Date 2025 Fund | I Shares | 0.20 | ||||
Life Vision Target Date 2025 Fund | A Shares | 0.50 | ||||
Life Vision Target Date 2035 Fund | I Shares | 0.20 | ||||
Life Vision Target Date 2035 Fund | A Shares | 0.50 |
141
Amount($) | ||||
International Equity 130/30 Fund | 48 | |||
Real Estate 130/30 Fund | 11 | |||
U.S. Equity 130/30 Fund | 19 | |||
Life Vision Conservative Fund | 40 | |||
Life Vision Target Date 2015 Fund | 53 | |||
Life Vision Target Date 2025 Fund | 47 | |||
Life Vision Target Date 2035 Fund | 50 |
142
Board | Board | Board | ||||||||||
Approved | Approved | Approved | ||||||||||
and Charged | and Charged | and Charged | ||||||||||
A Share | B Share | C Share | ||||||||||
Distribution | Distribution | Distribution | ||||||||||
and Service | and Service | and Service | ||||||||||
Fee(%) | Fee(%) | Fee(%) | ||||||||||
Aggressive Growth Stock Fund | 0.30 | N/A | 1.00 | |||||||||
Emerging Growth Stock Fund | 0.30 | N/A | 1.00 | |||||||||
International Equity 130/30 Fund | 0.30 | N/A | 1.00 | |||||||||
International Equity Fund | 0.30 | N/A | 1.00 | |||||||||
International Equity Index Fund | 0.30 | N/A | 1.00 | |||||||||
Large Cap Core Equity Fund | 0.25 | N/A | 1.00 | |||||||||
Large Cap Growth Stock Fund | 0.30 | N/A | 1.00 | |||||||||
Large Cap Quantitative Equity Fund | 0.25 | N/A | 1.00 | |||||||||
Large Cap Value Equity Fund | 0.30 | N/A | 1.00 | |||||||||
Mid-Cap Core Equity Fund | 0.30 | N/A | 1.00 | |||||||||
Mid-Cap Value Equity Fund | 0.30 | N/A | 1.00 | |||||||||
Real Estate 130/30 Fund | 0.30 | N/A | 1.00 | |||||||||
Select Large Cap Growth Stock Fund | 0.30 | N/A | 1.00 | |||||||||
Small Cap Growth Stock Fund | 0.30 | N/A | 1.00 | |||||||||
Small Cap Value Equity Fund | 0.25 | N/A | 0.25 | |||||||||
U.S. Equity 130/30 Fund | 0.30 | N/A | 1.00 | |||||||||
Life Vision Aggressive Growth Fund | 0.30 | 0.75 | 1.00 | |||||||||
Life Vision Conservative Fund | 0.30 | 0.75 | 1.00 | |||||||||
Life Vision Growth and Income Fund | 0.30 | 0.75 | 1.00 | |||||||||
Life Vision Moderate Growth Fund | 0.30 | 0.75 | 1.00 | |||||||||
Life Vision Target Date 2015 Fund | 0.30 | N/A | N/A | |||||||||
Life Vision Target Date 2025 Fund | 0.30 | N/A | N/A | |||||||||
Life Vision Target Date 2035 Fund | 0.30 | N/A | N/A |
143
Chairman($) | Trustee($) | |||||||
Annual Retainer | 75,000 | 60,000 | ||||||
Regular Meeting Fee | 8,750 | 7,000 | ||||||
Special Meeting Fee | 4,375 | 3,500 | ||||||
Committee Meeting Fee | 4,500 | 3,000 |
Chairman($) | Trustee($) | |||||||
Annual Retainer | 55,000 | 44,000 | ||||||
Regular Meeting Fee | 10,000 | 8,000 | ||||||
Special Meeting Fee | 5,000 | 4,000 | ||||||
Committee Meeting Fee | 4,500 | 3,000 |
144
5. | Investment Transactions |
Sales and | ||||||||
Purchases($) | Maturities($) | |||||||
Aggressive Growth Stock Fund | 200,947 | 211,655 | ||||||
Emerging Growth Stock Fund | 158,675 | 148,114 | ||||||
International Equity 130/30 Fund | 10,536 | 5,541 | ||||||
International Equity Fund | 1,673,017 | 1,680,289 | ||||||
International Equity Index Fund | 179,289 | 128,048 | ||||||
Large Cap Core Equity Fund | 1,233,936 | 1,435,063 | ||||||
Large Cap Growth Stock Fund | 936,173 | 1,489,923 | ||||||
Large Cap Quantitative Equity Fund | 1,110,131 | 1,167,406 | ||||||
Large Cap Value Equity Fund | 1,273,474 | 1,210,177 | ||||||
Mid-Cap Core Equity Fund | 168,418 | 297,085 | ||||||
Mid-Cap Value Equity Fund | 649,530 | 638,518 | ||||||
Real Estate 130/30 Fund | 8,188 | 3,159 | ||||||
Select Large Cap Growth Stock Fund | 78,317 | 90,860 | ||||||
Small Cap Growth Stock Fund | 849,224 | 1,203,490 | ||||||
Small Cap Value Equity Fund | 468,709 | 629,847 | ||||||
U.S. Equity 130/30 Fund | 9,061 | 4,061 | ||||||
Life Vision Aggressive Growth Fund | 22,012 | 43,952 | ||||||
Life Vision Conservative Fund | 6,788 | 4,762 | ||||||
Life Vision Growth and Income Fund | 56,821 | 94,812 | ||||||
Life Vision Moderate Growth Fund | 83,689 | 127,472 | ||||||
Life Vision Target Date 2015 Fund | 6,779 | 5,294 | ||||||
Life Vision Target Date 2025 Fund | 5,472 | 3,673 | ||||||
Life Vision Target Date 2035 Fund | 3,020 | 1,089 |
145
Net Tax Unrealized | ||||||||||||||||
Tax Unrealized | Tax Unrealized | Appreciation/ | ||||||||||||||
Tax Cost($) | Appreciation($) | (Depreciation)($) | (Depreciation)($) | |||||||||||||
Aggressive Growth Stock Fund | 363,047 | 61,428 | (39,825 | ) | 21,603 | |||||||||||
Emerging Growth Stock Fund | 162,715 | 13,435 | (17,807 | ) | (4,372 | ) | ||||||||||
International Equity 130/30 Fund | 3,525 | 141 | (406 | ) | (265 | ) | ||||||||||
International Equity Fund | 1,077,603 | 139,620 | (42,517 | ) | 97,103 | |||||||||||
International Equity Index Fund | 812,744 | 309,056 | (29,075 | ) | 279,981 | |||||||||||
Large Cap Core Equity Fund | 1,401,035 | 200,908 | (73,952 | ) | 126,956 | |||||||||||
Large Cap Growth Stock Fund | 856,643 | 90,979 | (23,575 | ) | 67,404 | |||||||||||
Large Cap Quantitative Equity Fund | 242,624 | 6,802 | (10,790 | ) | (3,988 | ) | ||||||||||
Large Cap Value Equity Fund | 1,169,229 | 72,077 | (84,394 | ) | (12,317 | ) | ||||||||||
Mid-Cap Core Equity Fund | 274,491 | 28,096 | (11,353 | ) | 16,743 | |||||||||||
Mid-Cap Value Equity Fund | 362,596 | 202 | (25,124 | ) | (24,922 | ) | ||||||||||
Real Estate 130/30 Fund | 5,081 | 343 | (279 | ) | 64 | |||||||||||
Select Large Cap Growth Stock Fund | 146,978 | 15,660 | (5,079 | ) | 10,581 | |||||||||||
Small Cap Growth Stock Fund | 733,901 | 68,751 | (38,736 | ) | 30,015 | |||||||||||
Small Cap Value Equity Fund | 728,376 | 44,507 | (79,045 | ) | (34,538 | ) | ||||||||||
U.S. Equity 130/30 Fund | 4,830 | 79 | (534 | ) | (455 | ) | ||||||||||
Life Vision Aggressive Growth Fund | 35,868 | 2,830 | (848 | ) | 1,982 | |||||||||||
Life Vision Conservative Fund | 11,562 | 81 | (85 | ) | (4 | ) | ||||||||||
Life Vision Growth and Income Fund | 90,266 | 5,878 | (1,524 | ) | 4,354 | |||||||||||
Life Vision Moderate Growth Fund | 184,680 | 5,182 | (2,664 | ) | 2,518 | |||||||||||
Life Vision Target Date 2015 Fund | 3,526 | — | (358 | ) | (358 | ) | ||||||||||
Life Vision Target Date 2025 Fund | 6,528 | — | (709 | ) | (709 | ) | ||||||||||
Life Vision Target Date 2035 Fund | 3,240 | — | (310 | ) | (310 | ) |
146
Distributions Paid From | ||||||||||||||||||
Net | Net Long | Total | ||||||||||||||||
Investment | Term Capital | Return of | Distributions | |||||||||||||||
Income($) | Gains($) | Capital | Paid($)* | |||||||||||||||
Aggressive Growth Stock Fund | — | 10,377 | — | 10,377 | ||||||||||||||
Emerging Growth Stock Fund | 7,505 | 4,949 | — | 12,454 | ||||||||||||||
International Equity Fund | 47,522 | 140,332 | — | 187,854 | ||||||||||||||
International Equity Index Fund | 27,328 | — | — | 27,328 | ||||||||||||||
Large Cap Core Equity Fund | 41,636 | 126,741 | 33 | 168,410 | ||||||||||||||
Large Cap Growth Stock Fund | 17,744 | 171,758 | — | 189,502 | ||||||||||||||
Large Cap Quantitative Equity Fund | 25,830 | 5,909 | 11 | 31,750 | ||||||||||||||
Large Cap Value Equity Fund | 85,646 | 48,500 | — | 134,146 | ||||||||||||||
Mid-Cap Core Equity Fund | 10,768 | 16,027 | — | 26,795 | ||||||||||||||
Mid-Cap Value Equity Fund | 48,631 | 6,221 | 1,171 | 56,023 | ||||||||||||||
Real Estate 130/30 Fund | 34 | — | — | 34 | ||||||||||||||
Select Large Cap Growth Stock Fund | 93 | — | — | 93 | ||||||||||||||
Small Cap Growth Stock Fund | 52,514 | 135,932 | 3,145 | 191,591 | ||||||||||||||
Small Cap Value Equity Fund | 43,916 | 122,055 | — | 165,971 | ||||||||||||||
U.S. Equity 130/30 Fund | 6 | — | — | 6 | ||||||||||||||
Life Vision Aggressive Growth Fund | 2,669 | 5,163 | — | 7,832 | ||||||||||||||
Life Vision Conservative Fund | 418 | 102 | — | 520 | ||||||||||||||
Life Vision Growth and Income Fund | 5,334 | 6,199 | — | 11,533 | ||||||||||||||
Life Vision Moderate Growth Fund | 9,354 | 1,367 | — | 10,721 | ||||||||||||||
Life Vision Target Date 2015 Fund | 98 | 22 | — | 120 | ||||||||||||||
Life Vision Target Date 2025 Fund | 208 | 66 | — | 274 | ||||||||||||||
Life Vision Target Date 2035 Fund | 61 | 29 | — | 90 |
* | Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid. |
147
Distributions Paid From | ||||||||||||
Net | Net Long | Total | ||||||||||
Investment | Term Capital | Distributions | ||||||||||
Income($) | Gains($) | Paid($)* | ||||||||||
International Equity Fund | 18,678 | 153 | 18,831 | |||||||||
International Equity Index Fund | 18,293 | — | 18,293 | |||||||||
Large Cap Core Equity Fund | 53,247 | 83,793 | 137,040 | |||||||||
Large Cap Growth Stock Fund | 20,866 | 39,738 | 60,604 | |||||||||
Large Cap Quantitative Equity Fund | 3,062 | 7,799 | 10,861 | |||||||||
Large Cap Value Equity Fund | 14,207 | 35,813 | 50,020 | |||||||||
Mid-Cap Core Equity Fund | 1,714 | 26,299 | 28,013 | |||||||||
Mid-Cap Value Equity Fund | 30,066 | 14,308 | 44,374 | |||||||||
Select Large Cap Growth Stock Fund | 168 | — | 168 | |||||||||
Small Cap Growth Stock Fund | 15,457 | 52,014 | 67,471 | |||||||||
Small Cap Value Equity Fund | 46,044 | 130,494 | 176,538 | |||||||||
Life Vision Aggressive Growth Fund | 1,323 | 1,067 | 2,390 | |||||||||
Life Vision Conservative Fund | 378 | 68 | 446 | |||||||||
Life Vision Growth and Income Fund | 3,732 | 2,608 | 6,340 | |||||||||
Life Vision Moderate Growth Fund | 7,147 | 6,638 | 13,785 | |||||||||
Life Vision Target Date 2015 Fund | 30 | 2 | 32 | |||||||||
Life Vision Target Date 2025 Fund | 50 | 1 | 51 | |||||||||
Life Vision Target Date 2035 Fund | 22 | 4 | 26 |
* | Total distributions paid differ from the Statement of Changes in Net Assets because, for tax purposes, dividends are recognized when actually paid. |
148
Total | ||||||||||||||||||||||||
Undistributed | �� | Accumulated | Unrealized | Accumulated | ||||||||||||||||||||
Ordinary | Long Term | Accumulated | Capital and | Appreciation/ | Earnings | |||||||||||||||||||
Income($) | Capital Gains($) | Earnings($) | Other Losses($)* | (Depreciation)($)** | (Deficit)($) | |||||||||||||||||||
Aggressive Growth Stock Fund | — | 4,919 | 4,919 | (2,232 | ) | 21,603 | 24,290 | |||||||||||||||||
Emerging Growth Stock Fund | 1,204 | 1,818 | 3,022 | — | (4,372 | ) | (1,350 | ) | ||||||||||||||||
International Equity 130/30 Fund | — | — | — | (386 | ) | (265 | ) | (651 | ) | |||||||||||||||
International Equity Fund | 1,077 | 14,300 | 15,377 | — | 97,209 | 112,586 | ||||||||||||||||||
International Equity Index Fund | 6,948 | — | 6,948 | (19,211 | ) | 279,997 | 267,734 | |||||||||||||||||
Large Cap Core Equity Fund | — | — | — | (46,373 | ) | 126,956 | 80,583 | |||||||||||||||||
Large Cap Growth Stock Fund | — | 3,451 | 3,451 | — | 67,404 | 70,855 | ||||||||||||||||||
Large Cap Quantitative Equity Fund | — | — | — | (12,612 | ) | (3,988 | ) | (16,600 | ) | |||||||||||||||
Large Cap Value Equity Fund | 240 | — | 240 | (33,578 | ) | (12,317 | ) | (45,655 | ) | |||||||||||||||
Mid-Cap Core Equity Fund | 5,818 | 5,818 | — | 16,743 | 22,561 | |||||||||||||||||||
Mid-Cap Value Equity Fund | — | — | — | (21,522 | ) | (24,922 | ) | (46,444 | ) | |||||||||||||||
Real Estate 130/30 Fund | 48 | 27 | 75 | — | 64 | 139 | ||||||||||||||||||
Select Large Cap Growth Stock Fund | — | — | — | (169,985 | ) | 10,582 | (159,403 | ) | ||||||||||||||||
Small Cap Growth Stock Fund | — | — | — | (22,151 | ) | 30,015 | 7,864 | |||||||||||||||||
Small Cap Value Equity Fund | 512 | 6,683 | 7,195 | — | (34,538 | ) | (27,343 | ) | ||||||||||||||||
U.S. Equity 130/30 Fund | 2 | — | 2 | (169 | ) | (455 | ) | (622 | ) | |||||||||||||||
Life Vision Aggressive Growth Fund | 157 | 4,177 | 4,334 | — | 1,982 | 6,316 | ||||||||||||||||||
Life Vision Conservative Fund | 87 | 119 | 206 | — | (4 | ) | 202 | |||||||||||||||||
Life Vision Growth and Income Fund | 339 | 8,237 | 8,576 | — | 4,354 | 12,930 | ||||||||||||||||||
Life Vision Moderate Growth Fund | 1,648 | 7,089 | 8,737 | — | 2,518 | 11,255 | ||||||||||||||||||
Life Vision Target Date 2015 Fund | 50 | 78 | 128 | — | (358 | ) | (230 | ) | ||||||||||||||||
Life Vision Target Date 2025 Fund | 13 | 249 | 262 | — | (709 | ) | (447 | ) | ||||||||||||||||
Life Vision Target Date 2035 Fund | 7 | 94 | 101 | — | (310 | ) | (209 | ) |
* | As of the latest tax year end of March 31, 2008, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by the Treasury regulations (in thousands). To the extent that these carryovers are used to offset future gains, it is probable that the gains so offset will not be distributed to shareholders: |
Expires | ||||||||||||||||||||
2009($) | 2010($) | 2011($) | 2012($) | 2013($) | ||||||||||||||||
Aggressive Growth Stock Fund | — | 1,276 | # | — | — | — | ||||||||||||||
International Equity Index Fund | — | — | 6,860 | 9,214 | 3,137 | |||||||||||||||
Select Large Cap Growth Stock Fund | 107,189 | 52,653 | 9,527 | — | — |
# | As of March 31, 2008, the Fund had capital loss carryforwards, subject to certain limitations on availability to offset future capital gains, if any, as the successor of a merger. |
** | The differences between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to: tax deferral of losses on wash sales, the difference between book and tax amortization methods for premium and market discount, the |
149
realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, and the return of capital adjustments from real estate investment trusts. |
150
RidgeWorth Funds (formerly STI Classic Funds):
151
Dividend | ||||
Received | ||||
Deduction(%) | ||||
Emerging Growth Stock Fund | 1.54 | |||
Large Cap Core Equity Fund | 73.99 | |||
Large Cap Growth Stock Fund | 46.34 | |||
Large Cap Quantitative Equity Fund | 24.84 | |||
Large Cap Value Equity Fund | 37.79 | |||
Mid-Cap Core Equity Fund | 59.62 | |||
Mid-Cap Value Equity Fund | 12.45 | |||
Select Large Cap Growth Stock Fund | 100.00 | |||
Small Cap Growth Stock Fund | 2.10 | |||
Small Cap Value Equity Fund | 20.19 | |||
U.S. Equity 130/30 Fund | 100.00 | |||
Life Vision Aggressive Growth Fund | 11.31 | |||
Life Vision Conservative Fund | 2.42 | |||
Life Vision Growth and Income Fund | 7.11 | |||
Life Vision Moderate Growth Fund | 4.11 | |||
Life Vision Target Date 2015 Fund | 6.13 | |||
Life Vision Target Date 2025 Fund | 9.24 | |||
Life Vision Target Date 2035 Fund | 11.56 |
Qualified | ||||
Dividend | ||||
Income(%) | ||||
Emerging Growth Stock Fund | 1.48 | |||
International Equity Fund | 60.59 | |||
International Equity Index Fund | 34.95 | |||
Large Cap Core Equity Fund | 78.94 | |||
Large Cap Growth Stock Fund | 46.57 | |||
Large Cap Quantitative Equity Fund | 24.65 | |||
Large Cap Value Equity Fund | 38.08 | |||
Mid-Cap Core Equity Fund | 54.55 | |||
Mid-Cap Value Equity Fund | 11.44 | |||
Select Large Cap Growth Stock Fund | 100.00 | |||
Small Cap Growth Stock Fund | 1.46 | |||
Small Cap Value Equity Fund | 25.93 | |||
U.S. Equity 130/30 Fund | 100.00 | |||
Life Vision Aggressive Growth Fund | 16.14 | |||
Life Vision Conservative Fund | 3.63 | |||
Life Vision Growth and Income Fund | 10.38 | |||
Life Vision Moderate Growth Fund | 6.28 | |||
Life Vision Target Date 2015 Fund | 9.36 | |||
Life Vision Target Date 2025 Fund | 14.10 | |||
Life Vision Target Date 2035 Fund | 17.52 |
152
(Unaudited)
Number of | ||||||||||
Name, Business | Principal | Portfolios in | ||||||||
Address, State of | Position | Term of | Occupation(s) | Fund | Other | |||||
Residence and | Held With | Office and Length | During the | Complex | Directorships | |||||
Date of Birth | Trust | of Time Served | Past 5 Years | Overseen | Held | |||||
INDEPENDENT TRUSTEES: | ||||||||||
Jeffrey Biggar 3435 Stelzer Road Columbus, OH 43219 (Ohio) DOB 02/50 | Trustee | Indefinite; since January 2007 | Retired. Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006) | 57 | None | |||||
George C. Guynn 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 12/42 | Trustee | Indefinite; since January 2008 | Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta | 57 | Genuine Parts Company; Oxford Industries; John Weiland Homes and Neighborhoods | |||||
Sidney E. Harris 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 07/49 | Trustee | Indefinite; since November 2004 | Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 57 | ServiceMaster Company; Total System Services, Inc. | |||||
Warren Y. Jobe 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 11/40 | Trustee | Indefinite; since November 2004 | Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001) | 57 | WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp. | |||||
Connie D. McDaniel 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 04/58 | Trustee | Indefinite; since May 2005 | Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company | 57 | None | |||||
Clarence H. Ridley 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 06/42 | Trustee | Indefinite; since November 2001 | Chairman, Haverty Furniture Companies | 57 | Crawford & Co.; Haverty Furniture Companies | |||||
Charles D. Winslow 3435 Stelzer Road Columbus, OH 43219 (Florida) DOB 07/35 | Trustee | Indefinite; since November 2004 | Retired. Formerly Partner, Accenture (consulting) | 57 | None | |||||
153
(Unaudited)
Term of | ||||||
Position(s) | Office and | |||||
Name, Address and | Held with | Length of | Principal Occupation(s) | |||
Date of Birth | Trust | Time Served | During the Past 5 Years | |||
Officers | ||||||
Julia Short 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 11/72 | President and Chief Executive Officer | One-year: since July 2007 | Managing Director, Product Manager, RidgeWorth Capital Management, Inc. (since 2004); Relationship Manager, SEI Investments (Financial Services) (1994-2004) | |||
Deborah A. Lamb 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 10/52 | Executive Vice President; Assistant Secretary; Chief Compliance Officer | One-year; since September 2004; since November 2003; since August 2004 (respectively) | Chief Compliance Officer, Managing Director, RidgeWorth Capital Management, Inc. (since 2003); President, Investment Industry Consultants, LLC (2000-2003); | |||
Martin R. Dean 3435 Stelzer Road Columbus, OH 43219 DOB 11/63 | Treasurer; Chief Financial Officer; Chief Accounting Officer | One-year; since March 2007 | Senior Vice President (since January 2008), Financial Administration, Vice President (1994-January 2008) Citi Fund Services Ohio, Inc. | |||
Cynthia J. Surprise 3435 Stelzer Road Columbus, OH 43219 DOB 07/46 | Secretary and Chief Legal Officer | One-year; since February 2005 | Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since 2004); Director and Counsel, Investors Bank & Trust Company (1999-2004) | |||
Kerry Reilly 3435 Stelzer Road Columbus, OH 43219 DOB 07/65 | Assistant Secretary | One-year; since February 2008 | Vice President (since January 2008), Counsel (since July 2007), Assistant Counsel (January 2006-June 2007) Legal Services, Citi Fund Services Ohio, Inc.; from June 2004 to May 2005, employee CitiStreet LLC; from June 1987 through October 2001, employee of Fidelity Investments. | |||
154
(Unaudited)
155
(Unaudited)
156
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Aggressive Growth Stock Fund | I Shares | 1,000.00 | 842.20 | 5.30 | 1.15 | |||||||||||||
A Shares | 1,000.00 | 841.10 | 6.67 | 1.45 | ||||||||||||||
C Shares | 1,000.00 | 837.80 | 9.92 | 2.16 | ||||||||||||||
Emerging Growth Stock Fund | I Shares | 1,000.00 | 777.10 | 5.15 | 1.16 | |||||||||||||
A Shares | 1,000.00 | 775.80 | 6.48 | 1.46 | ||||||||||||||
C Shares | 1,000.00 | 773.20 | 9.58 | 2.16 | ||||||||||||||
International Equity 130/30 Fund | I Shares (a) | 1,000.00 | 869.00 | 3.84 | 1.55 | |||||||||||||
International Equity Fund | I Shares | 1,000.00 | 871.40 | 5.66 | 1.21 | |||||||||||||
A Shares | 1,000.00 | 869.90 | 7.06 | 1.51 | ||||||||||||||
C Shares | 1,000.00 | 867.10 | 10.32 | 2.21 | ||||||||||||||
International Equity Index Fund | I Shares | 1,000.00 | 901.40 | 2.80 | 0.59 | |||||||||||||
A Shares | 1,000.00 | 900.20 | 4.23 | 0.89 | ||||||||||||||
C Shares | 1,000.00 | 896.60 | 7.59 | 1.60 | ||||||||||||||
Large Cap Core Equity Fund | I Shares | 1,000.00 | 840.30 | 3.96 | 0.86 | |||||||||||||
A Shares | 1,000.00 | 839.20 | 5.10 | 1.11 | ||||||||||||||
C Shares | 1,000.00 | 836.10 | 8.54 | 1.86 | ||||||||||||||
Large Cap Growth Stock Fund | I Shares | 1,000.00 | 891.50 | 4.73 | 1.00 | |||||||||||||
A Shares | 1,000.00 | 889.90 | 6.14 | 1.30 | ||||||||||||||
C Shares | 1,000.00 | 886.80 | 9.48 | 2.01 | ||||||||||||||
Large Cap Quantitative Equity Fund | I Shares | 1,000.00 | 894.50 | 4.31 | 0.91 | |||||||||||||
A Shares | 1,000.00 | 893.80 | 5.49 | 1.16 | ||||||||||||||
C Shares | 1,000.00 | 890.40 | 9.07 | 1.92 | ||||||||||||||
Large Cap Value Equity Fund | I Shares | 1,000.00 | 860.00 | 3.86 | 0.83 | |||||||||||||
A Shares | 1,000.00 | 858.30 | 5.25 | 1.13 | ||||||||||||||
C Shares | 1,000.00 | 855.70 | 8.49 | 1.83 | ||||||||||||||
Mid-Cap Core Equity Fund | I Shares | 1,000.00 | 863.70 | 4.99 | 1.07 | |||||||||||||
A Shares | 1,000.00 | 862.60 | 6.38 | 1.37 | ||||||||||||||
C Shares | 1,000.00 | 859.20 | 9.62 | 2.07 | ||||||||||||||
Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 850.20 | 4.90 | 1.06 | |||||||||||||
A Shares | 1,000.00 | 848.50 | 6.28 | 1.36 | ||||||||||||||
C Shares | 1,000.00 | 845.40 | 9.50 | 2.06 | ||||||||||||||
Real Estate 130/30 Fund | I Shares (a) | 1,000.00 | 1,034.70 | 3.91 | 1.45 |
157
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Select Large Cap Growth Stock Fund | I Shares | 1,000.00 | 912.50 | 4.45 | 0.93 | |||||||||||||
A Shares | 1,000.00 | 911.30 | 5.88 | 1.23 | ||||||||||||||
C Shares | 1,000.00 | 907.80 | 9.25 | 1.94 | ||||||||||||||
Small Cap Growth Stock Fund | I Shares | 1,000.00 | 834.00 | 5.55 | 1.21 | |||||||||||||
A Shares | 1,000.00 | 833.20 | 6.92 | 1.51 | ||||||||||||||
C Shares | 1,000.00 | 830.20 | 10.11 | 2.21 | ||||||||||||||
Small Cap Value Equity Fund | I Shares | 1,000.00 | 845.00 | 5.54 | 1.20 | |||||||||||||
A Shares | 1,000.00 | 843.70 | 6.68 | 1.45 | ||||||||||||||
C Shares | 1,000.00 | 843.90 | 6.68 | 1.45 | ||||||||||||||
U.S Equity 130/30 Fund | I Shares (a) | 1,000.00 | 876.10 | 3.23 | 1.30 | |||||||||||||
Life Vision Aggressive Growth Fund | I Shares | 1,000.00 | 879.90 | 0.94 | 0.20 | |||||||||||||
A Shares | 1,000.00 | 878.80 | 2.35 | 0.50 | ||||||||||||||
B Shares | 1,000.00 | 877.10 | 4.46 | 0.95 | ||||||||||||||
C Shares | 1,000.00 | 875.60 | 5.63 | 1.20 | ||||||||||||||
Life Vision Conservative Fund | I Shares | 1,000.00 | 990.30 | 0.85 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 989.20 | 2.34 | 0.47 | ||||||||||||||
B Shares | 1,000.00 | 987.00 | 4.52 | 0.91 | ||||||||||||||
C Shares | 1,000.00 | 986.20 | 5.76 | 1.16 | ||||||||||||||
Life Vision Growth and Income Fund | I Shares | 1,000.00 | 915.50 | 0.81 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 913.10 | 2.25 | 0.47 | ||||||||||||||
B Shares | 1,000.00 | 911.90 | 4.40 | 0.92 | ||||||||||||||
C Shares | 1,000.00 | 910.20 | 5.59 | 1.17 | ||||||||||||||
Life Vision Moderate Growth Fund | I Shares | 1,000.00 | 948.10 | 0.88 | 0.18 | |||||||||||||
A Shares | 1,000.00 | 947.30 | 2.34 | 0.48 | ||||||||||||||
B Shares | 1,000.00 | 945.10 | 4.52 | 0.93 | ||||||||||||||
C Shares | 1,000.00 | 943.60 | 5.73 | 1.18 | ||||||||||||||
Life Vision Target Date 2015 | I Shares | 1,000.00 | 892.50 | 0.80 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 890.80 | 2.22 | 0.47 | ||||||||||||||
Life Vision Target Date 2025 | I Shares | 1,000.00 | 881.50 | 0.89 | 0.19 | |||||||||||||
A Shares | 1,000.00 | 880.00 | 2.30 | 0.49 | ||||||||||||||
Life Vision Target Date 2035 | I Shares | 1,000.00 | 880.70 | 0.80 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 879.90 | 2.16 | 0.46 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
(a) | Information shown reflects values for the period from December 27, 2007 (commencement of operations) to March 31, 2008 and has been calculated using expense ratios and rates of return for the same period. |
158
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Aggressive Growth Stock Fund | I Shares | 1,000.00 | 1,019.25 | 5.81 | 1.15 | |||||||||||||
A Shares | 1,000.00 | 1,017.75 | 7.31 | 1.45 | ||||||||||||||
C Shares | 1,000.00 | 1,014.20 | 10.88 | 2.16 | ||||||||||||||
Emerging Growth Stock Fund | I Shares | 1,000.00 | 1,019.20 | 5.86 | 1.16 | |||||||||||||
A Shares | 1,000.00 | 1,017.70 | 7.36 | 1.46 | ||||||||||||||
C Shares | 1,000.00 | 1,014.20 | 10.88 | 2.16 | ||||||||||||||
International Equity 130/30 Fund | I Shares | 1,000.00 | 1,017.25 | 7.82 | 1.55 | |||||||||||||
International Equity Fund | I Shares | 1,000.00 | 1,018.95 | 6.11 | 1.21 | |||||||||||||
A Shares | 1,000.00 | 1,017.45 | 7.62 | 1.51 | ||||||||||||||
C Shares | 1,000.00 | 1,013.95 | 11.13 | 2.21 | ||||||||||||||
International Equity Index Fund | I Shares | 1,000.00 | 1,022.05 | 2.98 | 0.59 | |||||||||||||
A Shares | 1,000.00 | 1,020.55 | 4.50 | 0.89 | ||||||||||||||
C Shares | 1,000.00 | 1,017.00 | 8.07 | 1.60 | ||||||||||||||
Large Cap Core Equity Fund | I Shares | 1,000.00 | 1,020.70 | 4.34 | 0.86 | |||||||||||||
A Shares | 1,000.00 | 1,019.45 | 5.60 | 1.11 | ||||||||||||||
C Shares | 1,000.00 | 1,015.70 | 9.37 | 1.86 | ||||||||||||||
Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,020.00 | 5.05 | 1.00 | |||||||||||||
A Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | ||||||||||||||
C Shares | 1,000.00 | 1,014.95 | 10.13 | 2.01 | ||||||||||||||
Large Cap Quantitative Equity Fund | I Shares | 1,000.00 | 1,020.45 | 4.60 | 0.91 | |||||||||||||
A Shares | 1,000.00 | 1,019.20 | 5.86 | 1.16 | ||||||||||||||
C Shares | 1,000.00 | 1,015.40 | 9.67 | 1.92 | ||||||||||||||
Large Cap Value Equity Fund | I Shares | 1,000.00 | 1,020.85 | 4.19 | 0.83 | |||||||||||||
A Shares | 1,000.00 | 1,019.35 | 5.70 | 1.13 | ||||||||||||||
C Shares | 1,000.00 | 1,015.85 | 9.22 | 1.83 | ||||||||||||||
Mid-Cap Core Equity Fund | I Shares | 1,000.00 | 1,019.65 | 5.40 | 1.07 | |||||||||||||
A Shares | 1,000.00 | 1,018.15 | 6.91 | 1.37 | ||||||||||||||
C Shares | 1,000.00 | 1,014.65 | 10.43 | 2.07 | ||||||||||||||
Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 1,019.70 | 5.35 | 1.06 | |||||||||||||
A Shares | 1,000.00 | 1,018.20 | 6.86 | 1.36 | ||||||||||||||
C Shares | 1,000.00 | 1,014.70 | 10.38 | 2.06 | ||||||||||||||
Real Estate 130/30 Fund | I Shares | 1,000.00 | 1,017.75 | 7.31 | 1.45 | |||||||||||||
Select Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,020.35 | 4.70 | 0.93 | |||||||||||||
A Shares | 1,000.00 | 1,018.85 | 6.21 | 1.23 | ||||||||||||||
C Shares | 1,000.00 | 1,015.30 | 9.77 | 1.94 |
159
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Small Cap Growth Stock Fund | I Shares | 1,000.00 | 1,018.95 | 6.11 | 1.21 | |||||||||||||
A Shares | 1,000.00 | 1,017.45 | 7.62 | 1.51 | ||||||||||||||
C Shares | 1,000.00 | 1,013.95 | 11.13 | 2.21 | ||||||||||||||
Small Cap Value Equity Fund | I Shares | 1,000.00 | 1,019.00 | 6.06 | 1.20 | |||||||||||||
A Shares | 1,000.00 | 1,017.75 | 7.31 | 1.45 | ||||||||||||||
C Shares | 1,000.00 | 1,017.75 | 7.31 | 1.45 | ||||||||||||||
U.S Equity 130/30 Fund | I Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | |||||||||||||
Life Vision Aggressive Growth Fund | I Shares | 1,000.00 | 1,024.00 | 1.01 | 0.20 | |||||||||||||
A Shares | 1,000.00 | 1,022.50 | 2.53 | 0.50 | ||||||||||||||
B Shares | 1,000.00 | 1,020.25 | 4.80 | 0.95 | ||||||||||||||
C Shares | 1,000.00 | 1,019.00 | 6.06 | 1.20 | ||||||||||||||
Life Vision Conservative Fund | I Shares | 1,000.00 | 1,024.15 | 0.86 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 1,022.65 | 2.38 | 0.47 | ||||||||||||||
B Shares | 1,000.00 | 1,020.45 | 4.60 | 0.91 | ||||||||||||||
C Shares | 1,000.00 | 1,019.20 | 5.86 | 1.16 | ||||||||||||||
Life Vision Growth and Income Fund | I Shares | 1,000.00 | 1,024.15 | 0.86 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 1,022.65 | 2.38 | 0.47 | ||||||||||||||
B Shares | 1,000.00 | 1,020.40 | 4.65 | 0.92 | ||||||||||||||
C Shares | 1,000.00 | 1,019.15 | 5.91 | 1.17 | ||||||||||||||
Life Vision Moderate Growth Fund | I Shares | 1,000.00 | 1,024.10 | 0.91 | 0.18 | |||||||||||||
A Shares | 1,000.00 | 1,022.60 | 2.43 | 0.48 | ||||||||||||||
B Shares | 1,000.00 | 1,020.35 | 4.70 | 0.93 | ||||||||||||||
C Shares | 1,000.00 | 1,019.10 | 5.96 | 1.18 | ||||||||||||||
Life Vision Target Date 2015 | I Shares | 1,000.00 | 1,024.15 | 0.86 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 1,022.65 | 2.38 | 0.47 | ||||||||||||||
Life Vision Target Date 2025 | I Shares | 1,000.00 | 1,024.05 | 0.96 | 0.19 | |||||||||||||
A Shares | 1,000.00 | 1,022.55 | 2.48 | 0.49 | ||||||||||||||
Life Vision Target Date 2035 | I Shares | 1,000.00 | 1,024.15 | 0.86 | 0.17 | |||||||||||||
A Shares | 1,000.00 | 1,022.70 | 2.33 | 0.46 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
160
(Unaudited)
# of Shares | % of Outstanding Shares | % of Shares Present | ||||||||||
Jeffrey M. Biggar | ||||||||||||
Affirmative | 6,579,428.109 | 94.343% | 95.578% | |||||||||
Withhold | 304,420.348 | 4.365% | 4.422% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
George C. Guynn | ||||||||||||
Affirmative | 6,587,354.241 | 94.456% | 95.693% | |||||||||
Withhold | 296,494.216 | 4.252% | 4.307% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Sidney E. Harris | ||||||||||||
Affirmative | 6,581,214.171 | 94.368% | 95.604% | |||||||||
Withhold | 302,634.286 | 4.340% | 4.396% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Warren Y. Jobe | ||||||||||||
Affirmative | 6,580,767.574 | 94.362% | 95.597% | |||||||||
Withhold | 303,080.883 | 4.346% | 4.403% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Connie D. McDaniel | ||||||||||||
Affirmative | 6,549,975.936 | 93.920% | 95.150% | |||||||||
Withhold | 333,872.521 | 4.788% | 4.850% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Clarence H. Ridley | ||||||||||||
Affirmative | 6,574,080.344 | 94.266% | 95.500% | |||||||||
Withhold | 309,768.113 | 4.442% | 4.500% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Charles D. Winslow | ||||||||||||
Affirmative | 6,578,015.208 | 94.322% | 95.557% | |||||||||
Withhold | 305,833.249 | 4.386% | 4.443% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% |
161
Money Market Funds
Letter to Shareholders | 1 | |||
Management Discussion of Fund Performance | ||||
Fixed Income Funds: | ||||
Georgia Tax-Exempt Bond Fund | 3 | |||
High Grade Municipal Bond Fund | 5 | |||
High Income Fund | 7 | |||
Intermediate Bond Fund | 9 | |||
Investment Grade Bond Fund | 11 | |||
Investment Grade Tax-Exempt Bond Fund | 13 | |||
Limited Duration Fund | 15 | |||
Limited-Term Federal Mortgage Securities Fund | 17 | |||
Maryland Municipal Bond Fund | 19 | |||
North Carolina Tax-Exempt Bond Fund | 21 | |||
Seix Floating Rate High Income Fund | 23 | |||
Seix High Yield Fund | 25 | |||
Short-Term Bond Fund | 27 | |||
Short-Term U.S. Treasury Securities Fund | 29 | |||
Strategic Income Fund | 31 | |||
Total Return Bond Fund | 33 | |||
Ultra-Short Bond Fund | 35 | |||
U.S. Government Securities Fund | 37 | |||
U.S. Government Securities Ultra-Short Bond Fund | 39 | |||
Virginia Intermediate Municipal Bond Fund | 41 | |||
Money Market Funds: | ||||
Prime Quality Money Market Fund | 43 | |||
Tax-Exempt Money Market Fund | 44 | |||
U.S. Government Securities Money Market Fund | 45 | |||
U.S. Treasury Money Market Fund | 46 | |||
Virginia Tax-Free Money Market Fund | 47 | |||
Schedules of Portfolio Investments | 49 | |||
Statements of Assets and Liabilities | 188 | |||
Statements of Operations | 192 | |||
Statements of Changes in Net Assets | 196 | |||
Financial Highlights | 210 | |||
Notes to Financial Statements | 222 | |||
Report of Independent Registered Public Accounting Firm | 244 | |||
Other Federal Tax Information | 245 | |||
Trustees and Officers of the RidgeWorth Funds | 246 | |||
Additional Information | 248 |
1
David H. Eidson | Ashi Parikh | |
Chairman and CEO | President and CIO | |
RidgeWorth Capital Management, Inc. | RidgeWorth Capital Management, Inc. |
1 | The monetary value of all the goods and services produced by an economy over a specified period. It includes consumption, government purchases, investments, and exports minus imports. |
2
• | Chris Carter, CFA |
1 | The Lipper Georgia Municipal Debt Funds Average is comprised of mutual funds limit their assets to those securities that are exempt from taxation in a specified state (double tax-exempt) or city (triple tax-exempt). |
3
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Georgia Tax-Exempt Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | 0.54 | % | 2.77 | % | 2.68 | % | 3.82 | % | |||||||||||
with sales charge* | -4.22 | % | 1.12 | % | 1.68 | % | 3.32 | % | ||||||||||||
C Shares | without CDSC | -0.31 | % | 1.90 | % | 1.96 | % | 3.22 | % | |||||||||||
with CDSC* | -1.28 | % | 1.90 | % | 1.96 | % | 3.22 | % | ||||||||||||
I Shares | 0.60 | % | 2.90 | % | 2.86 | % | 4.02 | % | ||||||||||||
Lehman Brothers 10 Year Municipal Bond Index | 3.84 | % | 4.25 | % | 4.12 | % | 5.14 | % | ||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.75 | % | ||
C Shares | 1.60 | % | ||
I Shares | 0.60 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
4
5
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
High Grade Municipal Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | 2.33 | % | 3.14 | % | 2.71 | % | 4.17 | % | |||||||||||
with sales charge* | -2.57 | % | 1.50 | % | 1.71 | % | 3.67 | % | ||||||||||||
C Shares | without CDSC | 1.46 | % | 2.30 | % | 1.99 | % | 3.56 | % | |||||||||||
with CDSC* | 0.47 | % | 2.30 | % | 1.99 | % | 3.56 | % | ||||||||||||
I Shares | 2.58 | % | 3.33 | % | 2.89 | % | 4.38 | % | ||||||||||||
Lehman Brothers 10 Year Municipal Bond Index | 3.84 | % | 4.25 | % | 4.12 | % | 5.14 | % | ||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.78 | % | ||
C Shares | 1.63 | % | ||
I Shares | 0.63 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
6
7
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||||||||||
Since | ||||||||||||||||||||||||||||
High Income Fund | Inception Date | 1 Year | 3 Year | 5 Year | 10 Year | Inception | ||||||||||||||||||||||
A Shares | without sales charge | 10/27/03 | -3.96 | % | 5.55 | % | N/A | N/A | 6.89 | % | ||||||||||||||||||
with sales charge* | -8.55 | % | 3.85 | % | N/A | N/A | 5.71 | % | ||||||||||||||||||||
C Shares | without CDSC | 05/04/94 | -4.63 | % | 4.86 | % | 8.11 | % | 4.12 | % | 4.76 | % | ||||||||||||||||
with CDSC* | -5.50 | % | 4.86 | % | 8.11 | % | 4.12 | % | 4.76 | % | ||||||||||||||||||
I Shares | 10/03/01 | -3.68 | % | 5.87 | % | 9.03 | % | N/A | 7.81 | % | ||||||||||||||||||
Lehman Brothers U.S. Corporate | ||||||||||||||||||||||||||||
High Yield Bond Index | -3.74 | % | 4.89 | % | 8.62 | % | 4.84 | % | — | |||||||||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.01 | % | ||
C Shares | 1.71 | % | ||
I Shares | 0.71 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
8
9
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||||
Inception | Since | |||||||||||||||||||||
Intermediate Bond Fund | Date† | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||||
A Shares | without sales charge | 06/30/99 | 8.39 | % | 5.09 | % | 4.15 | % | 5.41 | % | ||||||||||||
with sales charge* | 3.20 | % | 3.41 | % | 3.14 | % | 4.82 | % | ||||||||||||||
C Shares | without CDSC | 06/30/99 | 6.35 | % | 3.98 | % | 3.45 | % | 5.01 | % | ||||||||||||
with CDSC* | 5.35 | % | 3.98 | % | 3.45 | % | 5.01 | % | ||||||||||||||
I Shares | 06/30/99 | 8.57 | % | 5.40 | % | 4.37 | % | 5.54 | % | |||||||||||||
Lehman Brothers Intermediate | ||||||||||||||||||||||
Government/Credit Index | 8.88 | % | 5.66 | % | 4.37 | % | — | |||||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.56 | % | ||
C Shares | 1.31 | % | ||
I Shares | 0.31 | % | ||
10
11
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||
Investment Grade Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||
A Shares | without sales charge | 7.15 | % | 5.09 | % | 3.98 | % | 4.80 | % | |||||||||
with sales charge* | 2.09 | % | 3.41 | % | 2.98 | % | 4.29 | % | ||||||||||
C Shares | without CDSC | 6.40 | % | 4.38 | % | 3.36 | % | 4.23 | % | |||||||||
with CDSC* | 5.40 | % | 4.38 | % | 3.36 | % | 4.23 | % | ||||||||||
I Shares | 7.47 | % | 5.38 | % | 4.35 | % | 5.19 | % | ||||||||||
Lehman Brothers U. S. Government/ | ||||||||||||||||||
Credit Index | 8.35 | % | 5.55 | % | 4.62 | % | 6.12 | % | ||||||||||
Lehman Brothers U. S. Aggregate Index | 7.67 | % | 5.48 | % | 4.58 | % | 6.04 | % | ||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.86 | % | ||
C Shares | 1.56 | % | ||
I Shares | 0.56 | % | ||
12
13
Investment Grade | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||
Tax-Exempt Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||
A Shares | without sales charge | 4.41 | % | 3.72 | % | 3.27 | % | 4.71 | % | |||||||||
with sales charge* | -0.53 | % | 2.06 | % | 2.27 | % | 4.20 | % | ||||||||||
C Shares | without CDSC | 3.69 | % | 3.03 | % | 2.64 | % | 4.16 | % | |||||||||
with CDSC* | 2.69 | % | 3.03 | % | 2.64 | % | 4.16 | % | ||||||||||
I Shares | 4.73 | % | 4.05 | % | 3.64 | % | 5.12 | % | ||||||||||
Lehman Brothers 5 Year | ||||||||||||||||||
Municipal Bond Index | 6.19 | % | 4.19 | % | 3.42 | % | 4.65 | % | ||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.86 | % | ||
C Shares | 1.56 | % | ||
I Shares | 0.56 | % | ||
14
• | Perry Troisi |
• | Michael Rieger |
15
Average Annual Total Returns as of 3/31/08† | ||||||||||||||||||||
Since | ||||||||||||||||||||
Limited Duration Fund | Inception Date | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||
I Shares | 10/25/02 | 3.90 | % | 4.22 | % | 3.03 | % | 2.85 | % | |||||||||||
Merrill Lynch 3 Month U.S. Treasury Bill Index | 4.64 | % | 4.41 | % | 3.18 | % | — | |||||||||||||
Prospectus Expense Ratio1 | Gross | |||
I Shares | 0.18 | % | ||
† | The I Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Seix Limited Duration Fund, an open-end investment company that was the predecessor fund to the Limited Duration Fund. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
16
• | Perry Troisi |
• | Michael Rieger |
17
Limited-Term Federal Mortgage | Average Annual Total Returns as of 3/31/08 | |||||||||||||||
Securities Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||
A Shares without sales charge | 4.88 | % | 3.94 | % | 2.74 | % | 4.33 | % | ||||||||
with sales charge* | 2.30 | % | 3.06 | % | 2.21 | % | 4.06 | % | ||||||||
C Shares without CDSC | 4.04 | % | 3.11 | % | 2.11 | % | 3.84 | % | ||||||||
with CDSC* | 3.04 | % | 3.11 | % | 2.11 | % | 3.84 | % | ||||||||
I Shares | 5.08 | % | 4.14 | % | 2.98 | % | 4.58 | % | ||||||||
Lehman Brothers Mortgage Backed Securities Index | 7.82 | % | 5.79 | % | 4.80 | % | 5.99 | % | ||||||||
Merrill Lynch 1-5 Year AAA U.S. Treasury/Agencies Index | 9.99 | % | 5.82 | % | 3.92 | % | 5.34 | % | ||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.79 | % | ||
C Shares | 1.59 | % | ||
I Shares | 0.59 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
18
• | George E. Calvert, Jr. |
Inc. and excludes the effect of sales charges.
19
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||
Maryland Municipal Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||
A Shares† without sales charge | 1.91 | % | 3.18 | % | 3.10 | % | 4.22 | % | ||||||||
with sales charge* | -2.93 | % | 1.52 | % | 2.11 | % | 3.71 | % | ||||||||
C Shares without CDSC | 1.05 | % | 2.40 | % | 2.25 | % | 3.32 | % | ||||||||
with CDSC* | 0.06 | % | 2.40 | % | 2.25 | % | 3.32 | % | ||||||||
I Shares | 2.07 | % | 3.44 | % | 3.26 | % | 4.30 | % | ||||||||
Lehman Brothers 10 Year | ||||||||||||||||
Municipal Bond Index | 3.84 | % | 4.25 | % | 4.12 | % | 5.14 | % | ||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.79 | % | ||
C Shares | 1.64 | % | ||
I Shares | 0.64 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The A Shares were offered beginning on April 13, 2005. The performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, the performance would have been lower. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
20
1 | The Lipper North Carolina Municipal Debt Funds Average is average of mutual funds that invests at least 65% of their assets in municipal debt issues that are exempt from taxation in North Carolina, with dollar-weighted average maturities of five to ten years. |
21
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||
North Carolina | Since | |||||||||||||||
Tax-Exempt Bond Fund | Inception Date† | 1 Year | 3 Year | Inception | ||||||||||||
A Shares without sales charge | 01/08/04 | 0.01 | % | 2.94 | % | 2.66 | % | |||||||||
with sales charge* | -4.74 | % | 1.29 | % | 1.48 | % | ||||||||||
I Shares | 01/08/04 | 0.26 | % | 2.96 | % | 2.66 | % | |||||||||
Lehman Brothers 10 Year | ||||||||||||||||
Municipal Bond Index | 3.84 | % | 4.25 | % | — | |||||||||||
Prospectus Expense Ratio1 | Gross | |||||||||||||||
A Shares | 0.77 | % | ||||||||||||||
I Shares | 0.62 | % | ||||||||||||||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% . | |
† | The I Shares and A Shares were offered beginning on 3/21/05. The performance shown prior to such date is based on the performance of the CCMI Tax-Exempt North Carolina Bond Fund, the predecessor fund. The historical performance has not been adjusted to reflect A Share expenses. If it had been, the performance would have been lower. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
22
2 | LIBOR is an interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers’ Association. The LIBOR is derived from a filtered average of the world’s most creditworthy banks’ interbank deposit rates for larger loans with maturities between overnight and one full year. |
23
Average Annual Total Returns as of 3/31/08 | ||||||||||
Since | ||||||||||
Seix Floating Rate High Income Fund | Inception Date† | 1 Year | Inception | |||||||
A Shares | without sales charge | 03/01/06 | -4.25% | 1.31 | % | |||||
with sales charge* | -6.68% | 0.07 | % | |||||||
C Shares | without CDSC | 03/01/06 | -4.48% | 1.28 | % | |||||
with CDSC* | -5.37% | 1.28 | % | |||||||
I Shares | 03/01/06 | -3.85% | 1.60 | % | ||||||
CSFB Institutional Leveraged Loan Index | -4.83% | — | ||||||||
Prospectus Expense Ratio1 | Net | Gross | ||||||
A Shares | 0.85 | % | 0.85 | % | ||||
C Shares | 1.55 | % | 1.55 | % | ||||
I Shares | 0.55 | % | 0.55 | % | ||||
* | Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The A Shares and C Shares were offered beginning on 5/8/06 and 8/2/07, respectively. The performance shown prior to such date is based I Shares of the Fund, and has not been adjusted to reflect A Share or C Share expenses. If it had been, the performance would have been lower. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
24
Portfolio Manager(s) | ||
• | Michael McEachern, CFA | |
• | Michael Kirkpatrick |
25
Average Annual Total Returns as of 3/31/08† | ||||||||||||||||||||
Since | ||||||||||||||||||||
Seix High Yield Fund | Inception Date† | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||
A Shares | without sales charge | 12/29/00 | -2.65 | % | 3.62 | % | 5.52 | % | 6.75 | % | ||||||||||
with sales charge* | -7.28 | % | 1.96 | % | 4.50 | % | 6.03 | % | ||||||||||||
C Shares | without CDSC | 12/29/00 | -3.40 | % | 2.78 | % | 5.02 | % | 6.48 | % | ||||||||||
with CDSC* | -4.31 | % | 2.78 | % | 5.02 | % | 6.48 | % | ||||||||||||
I Shares | 12/29/00 | -2.50 | % | 3.74 | % | 5.69 | % | 6.95 | % | |||||||||||
Merrill Lynch U.S. High Yield BB/B Rated | ||||||||||||||||||||
Constrained Index | -1.51 | % | 4.94 | % | 7.83 | % | — | |||||||||||||
Merrill Lynch High Yield Master Index | -3.44 | % | 4.91 | % | 8.45 | % | — | |||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.74 | % | ||
C Shares | 1.49 | % | ||
I Shares | 0.49 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The I Shares, A Shares and C Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Class I Shares of the Seix High Yield Fund, an open-end investment company that was the predecessor fund to the Seix High Yield Fund. The historical performance has not been adjusted to reflect A Share or C Share expenses. If it had been, the performance would have been lower. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
26
• | Robert W. Corner |
• | H. Rick Nelson |
• | Chad Stephens |
27
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Short-Term Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | 5.30 | % | 4.47 | % | 3.01 | % | 3.92 | % | |||||||||||
with sales charge* | 2.68 | % | 3.59 | % | 2.49 | % | 3.66 | % | ||||||||||||
C Shares | without CDSC | 4.46 | % | 3.69 | % | 2.43 | % | 3.45 | % | |||||||||||
with CDSC* | 3.46 | % | 3.69 | % | 2.43 | % | 3.45 | % | ||||||||||||
I Shares | without load | 5.63 | % | 4.69 | % | 3.25 | % | 4.13 | % | |||||||||||
Citigroup 1-3 Year Government/Credit Index | 8.27 | % | 5.34 | % | 3.79 | % | 5.17 | % | ||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.66 | % | ||
C Shares | 1.46 | % | ||
I Shares | 0.46 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
28
• | H. Rick Nelson |
• | Chad Stephens |
29
Short-Term U.S. Treasury | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||||
Securities Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||||
A Shares | without sales charge | 8.37 | % | 4.75 | % | 2.94 | % | 3.96 | % | |||||||||||
with sales charge* | 5.69 | % | 3.88 | % | 2.43 | % | 3.69 | % | ||||||||||||
C Shares | without CDSC | 7.60 | % | 3.99 | % | 2.39 | % | 3.58 | % | |||||||||||
with CDSC* | 6.60 | % | 3.99 | % | 2.39 | % | 3.58 | % | ||||||||||||
I Shares | 8.56 | % | 4.93 | % | 3.12 | % | 4.13 | % | ||||||||||||
Citigroup 1-3 Year Treasury Index | 9.01 | % | 5.39 | % | 3.60 | % | 4.90 | % | ||||||||||||
Citigroup 6 Month Treasury Bill Index | 4.59 | % | 4.37 | % | 3.15 | % | 3.72 | % | ||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.70 | % | ||
C Shares | 1.52 | % | ||
I Shares | 0.52 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
30
• | Michael McEachern, CFA | |
• | Adrien Webb, CFA | |
• | Brian Nold |
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Since | ||||||||||||||||||||
Strategic Income Fund | Inception Date | 1 Year | 3 Year | 5 Year | Inception | |||||||||||||||
A Shares without sales charge | 10/08/03 | 3.10 | % | 3.74 | % | N/A | 5.09 | % | ||||||||||||
with sales charge* | -1.75 | % | 2.08 | % | N/A | 3.94 | % | |||||||||||||
C Shares without CDSC | 11/30/01 | 2.50 | % | 3.08 | % | 5.07 | % | 4.74 | % | |||||||||||
with CDSC* | 1.53 | % | 3.08 | % | 5.07 | % | 4.74 | % | ||||||||||||
I Shares | 11/30/01 | 3.43 | % | 4.03 | % | 5.88 | % | 5.47 | % | |||||||||||
Merrill Lynch AAA U.S. Treasury/Agency Master Index | 11.52 | % | 6.46 | % | 4.72 | % | — | |||||||||||||
Merrill Lynch U.S. High Yield Master II Index | -3.51 | % | 4.90 | % | 8.57 | % | — | |||||||||||||
Merrill Lynch Global Government Bond II ex U.S. Index | 6.28 | % | 4.99 | % | 4.37 | % | — | |||||||||||||
Strategic Income Hybrid Index | 3.98 | % | 4.66 | % | 5.39 | % | — | |||||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 1.05 | % | ||
C Shares | 1.75 | % | ||
I Shares | 0.75 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
• | Adrien Webb, CFA | |
• | Perry Troisi | |
• | Michael Rieger |
1 | Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance, given its level of risk as measured by beta. |
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||
Total Return Bond Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||
A Shares without sales charge | 6.28 | % | 4.47 | % | 4.04 | % | 5.15 | % | ||||||||
with sales charge* | 1.24 | % | 2.78 | % | 3.03 | % | 4.64 | % | ||||||||
C Shares without CDSC | 5.68 | % | 3.82 | % | 3.73 | % | 5.03 | % | ||||||||
with CDSC* | 4.68 | % | 3.82 | % | 3.73 | % | 5.03 | % | ||||||||
I Shares | 6.74 | % | 4.83 | % | 4.39 | % | 5.36 | % | ||||||||
Lehman Brothers U.S. Aggregate Index | 7.67 | % | 5.48 | % | 4.58 | % | 6.04 | % | ||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.55 | % | ||
C Shares | 1.30 | % | ||
I Shares | 0.30 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The I Shares and C Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Class I Shares of the Seix Core Bond Fund, the predecessor fund to the Total Return Bond Fund. The A Shares were offered beginning on 10/11/04. The performance shown from 1/25/02 to such date is based on the performance of the Class P Shares of the Seix Core Bond Fund. The performance shown prior to 1/25/02 is based on the performance of the Class I Shares of the Seix Core Bond Fund. The historical performance has not been adjusted to reflect A Share or C Share expenses. If it had been, the performance would have been lower. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
• | Robert W. Corner | |
• | H. Rick Nelson | |
• | Chad Stephens |
35
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
Ultra-Short Bond Fund | Inception Date | 1 Year | 3 Year | 5 Year | Since Inception | |||||||||||||||
I Shares | 04/15/02 | 3.89 | % | 4.18 | % | 3.00 | % | 3.05 | % | |||||||||||
Citigroup 6 Month U.S. Treasury Bill Index | 4.61 | % | 4.30 | % | 3.01 | % | — | |||||||||||||
Prospectus Expense Ratio1 | Gross | |||||||||||||||||||
I Shares | 0.32 | % | ||||||||||||||||||
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
36
• | Perry Troisi | |
• | Michael Rieger |
37
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||
U.S. Government Securities Fund | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||
A Shares | without sales charge | 7.72 | % | 4.87 | % | 3.47 | % | 4.86 | % | |||||||||
with sales charge* | 2.64 | % | 3.18 | % | 2.47 | % | 4.35 | % | ||||||||||
C Shares | without CDSC | 6.97 | % | 4.15 | % | 2.83 | % | 4.27 | % | |||||||||
with CDSC* | 5.97 | % | 4.15 | % | 2.83 | % | 4.27 | % | ||||||||||
I Shares | 8.04 | % | 5.15 | % | 3.83 | % | 5.24 | % | ||||||||||
Lehman Brothers U.S. Government | ||||||||||||||||||
Bond Index | 11.45 | % | 6.44 | % | 4.71 | % | 6.18 | % | ||||||||||
Merrill Lynch Government/Mortgage | ||||||||||||||||||
Custom Index | 9.75 | % | 6.17 | % | 4.80 | % | 6.13 | % | ||||||||||
Prospectus Expense Ratio1 | Gross | |||
A Shares | 0.85 | % | ||
C Shares | 1.55 | % | ||
I Shares | 0.55 | % | ||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
38
• | Robert W. Corner | |
• | H. Rick Nelson | |
• | Chad Stephens |
39
Average Annual Total Returns as of 3/31/08 | ||||||||||||||||||||
U.S. Government Securities | ||||||||||||||||||||
Ultra-Short Bond Fund | Inception Date | 1 Year | 3 Year | 5 Year | Since Inception | |||||||||||||||
I Shares | 04/11/02 | 5.41 | % | 4.67 | % | 3.23 | % | 3.26 | % | |||||||||||
Citigroup 6 Month Treasury Bill Index | 4.59 | % | 4.37 | % | 3.15 | % | — | |||||||||||||
Prospectus Expense Ratio1 | Gross | |||||||||||||||||||
I Shares | 0.37 | % | ||||||||||||||||||
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
40
12-month period ended March 31, 2008, but underperformed the Fund’s benchmark index, the Lehman Brothers 5 Year Municipal Bond Index. The Fund returned 3.51% (I Shares) versus 2.54% for the Lipper average and 6.19% for the Lehman Brothers 5 Year Municipal Bond Index. The best returns were generated in the 1- to 7-year part of the yield curve where bond prices advanced. Bond prices declined for 15-year and longer maturities, pushing total returns into negative territory on 20-year and longer bonds. Market indices that are “bulleted” to 10-year and shorter maturities outperformed portfolios that use a wider portion of the yield curve.
1 | The Lipper Other Single States Intermediate Municipal Debt Funds Average consists of managed mutual funds that invest in municipal debt issues with dollar-weighted average maturities of five to ten years. It is not possible to invest directly in any index. |
41
Virginia Intermediate | Average Annual Total Returns as of 3/31/08 | |||||||||||||||||
Municipal Bond Fund† | 1 Year | 3 Year | 5 Year | 10 Year | ||||||||||||||
A Shares | without sales charge | 3.36 | % | 3.60 | % | 3.08 | % | 3.95 | % | |||||||||
with sales charge* | -1.51 | % | 1.94 | % | 2.09 | % | 3.45 | % | ||||||||||
C Shares | without CDSC | 2.48 | % | 2.89 | % | 2.70 | % | 3.77 | % | |||||||||
with CDSC* | 1.49 | % | 2.89 | % | 2.70 | % | 3.77 | % | ||||||||||
I Shares | 3.51 | % | 3.74 | % | 3.21 | % | 4.02 | % | ||||||||||
Lehman Brothers 5 Year | ||||||||||||||||||
Municipal Bond Index | 6.19 | % | 4.19 | % | 3.42 | % | 4.65 | % | ||||||||||
Prospectus Expense Ratio1 | Gross | |||||||||||||||||
A Shares | 0.75 | % | ||||||||||||||||
C Shares | 1.60 | % | ||||||||||||||||
I Shares | 0.60 | % | ||||||||||||||||
* | Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only. | |
† | The C Shares were offered beginning on 9/1/05. The C Shares performance between 1/11/93 to 9/1/05 is that of the I Shares of the Fund, and has not been adjusted to reflect C Share expenses. If it had been, performance would have been lower. | |
1 | Additional information pertaining to the March 31, 2008 expense ratios can be found in the financial highlights. |
42
• | Michael G. Sebesta, CFA, | |
• | Kimberly C. Maichle, CFA | |
• | E. Dean Speer, CFA, CPA | |
• | Sonny Surkin | |
• | J.P. Yarusinski, CFA |
Yields (as of March 31, 2008) | A Shares | C Shares | I Shares | |||||||||
7 Day Average Yield | 2.49 | % | 2.39 | % | 2.64 | % | ||||||
7 Day Effective Yield | 2.52 | % | 2.41 | % | 2.67 | % | ||||||
30 Day Average Yield | 2.68 | % | 2.58 | % | 2.83 | % |
1 | LIBOR is an interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers’ Association. The LIBOR is derived from a filtered average of the world’s most creditworthy banks’ interbank deposit rates for larger loans with maturities between overnight and one full year. |
43
• | Michael G. Sebesta, CFA | |
• | Greg Hallman | |
• | Chris Carter, CFA |
Yields (as of March 31, 2008) | A Shares | I Shares | ||||||
7 Day Average Yield | 1.50 | % | 1.65 | % | ||||
7 Day Effective Yield | 1.51 | % | 1.66 | % | ||||
30 Day Average Yield | 1.82 | % | 1.97 | % |
44
• | Michael G. Sebesta, CFA | |
• | E. Dean Speer, CFA, CPA | |
• | Kimberly C. Maichle, CFA | |
• | Sonny Surkin | |
• | J.P. Yarusinski, CFA |
Yields (as of March 31, 2008) | A Shares | I Shares | ||||||
7 Day Average Yield | 1.73 | % | 1.88 | % | ||||
7 Day Effective Yield | 1.75 | % | 1.90 | % | ||||
30 Day Average Yield | 2.10 | % | 2.25 | % |
2 | LIBOR is an interest rate at which banks can borrow funds, in marketable size, from other banks in the London interbank market. The LIBOR is fixed on a daily basis by the British Bankers’ Association. The LIBOR is derived from a filtered average of the world’s most creditworthy banks’ interbank deposit rates for larger loans with maturities between overnight and one full year. |
45
• | Michael G. Sebesta, CFA | |
• | E. Dean Speer, CFA, CPA | |
• | Kimberly C. Maichle, CFA | |
• | Sonny Surkin | |
• | J.P. Yarusinski, CFA |
Yields(as of March 31, 2008) | A Shares | I Shares | ||||||
7 Day Average Yield | 0.54 | % | 0.69 | % | ||||
7 Day Effective Yield | 0.54 | % | 0.69 | % | ||||
30 Day Average Yield | 1.07 | % | 1.22 | % |
46
• | Michael G. Sebesta, CFA | |
• | Greg Hallman | |
• | Chris Carter, CFA |
Yields(as of March 31, 2008) | A Shares | I Shares | ||||||
7 Day Average Yield | 1.67 | % | 1.81 | % | ||||
7 Day Effective Yield | 1.68 | % | 1.83 | % | ||||
30 Day Average Yield | 1.99 | % | 2.14 | % |
47
48
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (93.6%) | ||||||||
Georgia (87.8%) | ||||||||
Association County Commissioners of Georgia Leasing Program, Georgia Public Purpose Project, COP, 5.250%, 04/01/21, Callable 04/01/14 @ 102, XLCA | 2,680 | 2,776 | ||||||
Athens Housing Authority, Student Housing Lease Project, RB, 5.250%, 12/01/21, Callable 12/01/12 @ 100, AMBAC | 1,000 | 1,033 | ||||||
Atlanta Airport Passenger Facility Charge, Ser J, RB, 5.000%, 01/01/34, Callable 01/01/15 @ 100, FSA | 11,000 | 10,889 | ||||||
Atlanta Airport Project, Ser A, RB, AMT, 5.375%, 01/01/19, Callable 07/01/14 @ 100, FSA | 5,000 | 5,142 | ||||||
Atlanta Airport Project, Ser B, RB, AMT, 6.000%, 01/01/18, Callable 01/01/10 @ 101, FGIC | 2,150 | 2,208 | ||||||
Atlanta Urban Residential Financial Authority Multifamily, West End Housing Development Project, RB, AMT, 2.200%, 09/01/27, FNMA(a) | 1,450 | 1,450 | ||||||
Augusta Water & Sewer Authority, RB, 5.250%, 10/01/34, Callable 10/01/14 @ 100, FSA | 2,000 | 2,025 | ||||||
Augusta Water & Sewer Authority, RB, 5.250%, 10/01/39, Callable 10/01/14 @ 100, FSA | 5,000 | 5,053 | ||||||
Barrow County, GO, 4.500%, 10/01/11, FGIC | 1,255 | 1,317 | ||||||
Bartow County Georgia, GO, 4.500%, 08/01/13, MBIA | 6,000 | 6,363 | ||||||
Brunswick Water & Sewer, Refunding & Improvement Project, RB, 6.100%, 10/01/14, MBIA | 1,000 | 1,113 | ||||||
Burke County Development Authority, Pollution Control, Georgia Power Co., Plant Vogtle Project, RB, 3.750%, 10/01/32 | 1,500 | 1,508 | ||||||
Carroll County Water Authority, Water & Sewer, RB, 5.250%, 07/01/22, Callable 07/01/15 @ 100, FSA | 1,000 | 1,054 | ||||||
Carrollton Payroll Development Authority, UWG Campus Center, RB, 5.250%, 08/01/27, Callable 08/01/14 @ 100, MBIA | 1,000 | 1,023 | ||||||
Central Valdosta Development Authority, Lowndes County Judicial Project, RB, 5.250%, 06/01/21, Callable 06/01/13 @ 102, XLCA | 1,885 | 1,945 | ||||||
Cherokee County Georgia Resource Recovery Development Authority, Solid Waste Disposal, RB, AMT, 5.000%, 07/01/37, Callable 07/01/17 @ 100, AMBAC | 1,000 | 921 | ||||||
Cherokee County School System, GO, 5.000%, 08/01/13, MBIA | 1,000 | 1,096 | ||||||
Cobb County Development Authority, Kennesaw State University Project, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, MBIA | 2,250 | 2,256 |
49
Georgia Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Cobb County Development Authority, Kennesaw State University Project, Ser A, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, MBIA | 1,285 | 1,285 | ||||||
Cobb County Development Authority, Solid Waste Disposal, Georgia Waste Management Project, Ser A, RB, AMT, 5.000%, 04/01/33, Callable 04/01/16 @ 101 | 1,000 | 827 | ||||||
Cobb-Marietta County, Coliseum & Exhibit Hall Project, RB, 5.500%, 10/01/12, MBIA | 940 | 995 | ||||||
College Park Business & Industrial Development Authority, Civic Center Project, RB, 5.750%, 09/01/20, Prerefunded 09/01/10 @ 102, AMBAC | 3,000 | 3,293 | ||||||
Columbus Water & Sewer, RB, 5.000%, 05/01/30, Callable 05/01/16 @ 100, FSA | 3,000 | 3,008 | ||||||
Coweta County Development Authority, Newnan Water, Sewer & Light Commission, RB, 5.000%, 07/01/25, Callable 07/01/15 @ 100, MBIA | 1,000 | 1,016 | ||||||
Dalton Building Authority, Public School System Project, RB, 4.000%, 03/01/11, State Aid Withholding | 2,895 | 2,991 | ||||||
Dekalb County Public Safety & Judicial Facilities Authority, Public Safety & Judicial Facility Project, RB, 5.000%, 12/01/29, Callable 01/01/14 @ 101, County Guaranteed | 3,000 | 3,030 | ||||||
Dekalb County, Water & Sewer, RB, 5.125%, 10/01/31, Prerefunded 10/01/10 @ 101 | 2,200 | 2,367 | ||||||
Douglasville-Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, Callable 06/01/08 @ 100, AMBAC | 1,390 | 1,486 | ||||||
Forsyth County Water & Sewer Authority, RB, 6.250%, 04/01/17, Prerefunded 04/01/10 @ 101 | 1,000 | 1,086 | ||||||
Forsyth County Hospital Authority, Baptist Health Care System Project, RB, 6.375%, 10/01/28, ETM | 1,000 | 1,148 | ||||||
Forsyth County Water & Sewer Authority, RB, 5.000%, 04/01/28, Callable 04/01/13 @ 100 | 1,700 | 1,707 | ||||||
Fulton County Development Authority, Cauley Creek Water Facilities, Ser A, RB, AMT, 5.500%, 02/01/17, Callable 02/01/11 @ 100, AMBAC | 1,310 | 1,384 | ||||||
Fulton County Development Authority, Georgia Technology Foundation, Ser A, RB, 5.000%, 11/01/31, Callable 05/01/12 @ 100 | 1,000 | 994 |
50
Georgia Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/22, Callable 05/01/14 @ 100, MBIA | 2,370 | 2,452 | ||||||
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/27, Callable 05/01/14 @ 100, MBIA | 3,375 | 3,451 | ||||||
Fulton County Development Authority, Molecular Science Building Project, RB, 5.000%, 05/01/34, Callable 05/01/14 @ 100, MBIA | 1,000 | 996 | ||||||
Fulton County Water & Sewer, RB, 5.000%, 01/01/16, Callable 07/01/08 @ 101, FGIC | 1,630 | 1,654 | ||||||
Fulton County Water & Sewer, RB, 5.000%, 01/01/24, Callable 01/01/14 @ 100, FGIC | 2,000 | 2,017 | ||||||
Fulton County Water & Sewer, RB, 5.250%, 01/01/35, Callable 01/01/14 @ 100, FGIC | 2,000 | 2,017 | ||||||
Gainesville Redevelopment Authority, Educational Facilities, Riverside Military Academy, RB, 5.125%, 03/01/37, Callable 03/01/17 @ 100 | 4,100 | 3,227 | ||||||
Georgia Municipal Electric Authority, RB, 8.000%, 01/01/15, Callable 01/01/09 @ 100, ETM | 1,900 | 2,343 | ||||||
Georgia State Private College & Universities Facilities Authority, Mercer University Project, RB, 6.400%, 11/01/11, MBIA, ETM | 1,375 | 1,477 | ||||||
Georgia State Road & Tollway Authority, Federal Highway Grant, RAN, 5.000%, 06/01/14, MBIA | 3,000 | 3,288 | ||||||
Georgia State Road & Tollway Authority, Federal Highway Grant, RAN, 5.000%, 06/01/18, Callable 06/01/16 @ 100, MBIA | 2,650 | 2,845 | ||||||
Georgia State, Ser A, GO, 5.000%, 09/01/15 | 3,480 | 3,862 | ||||||
Georgia State, Ser C, GO, 5.500%, 07/01/14 | 4,700 | 5,322 | ||||||
Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/21, Prerefunded 01/01/14 @ 100, MBIA | 2,910 | 3,234 | ||||||
Gwinnett County, Public Schools Project, COP, 5.250%, 01/01/25, Prerefunded 01/01/14 @ 100, MBIA | 1,500 | 1,665 | ||||||
Henry County Water & Sewer Authority, Refunding & Improvements, Ser A, RB, 5.375%, 02/01/13, MBIA | 1,290 | 1,424 | ||||||
Henry County Water & Sewer, RB, 6.150%, 02/01/20, AMBAC | 2,100 | 2,430 | ||||||
Laurens County Georgia Public Facilities Authority, RB, 5.000%, 07/01/11, MBIA | 1,000 | 1,069 | ||||||
Metropolitan Atlanta Rapid Transit Authority, Sales Tax, Ser A, RB, 5.250%, 07/01/21, FGIC | 1,000 | 1,082 |
51
Georgia Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Metropolitan Atlanta Rapid Transit Authority, Ser E, RB, 7.000%, 07/01/11, ETM | 3,595 | 3,945 | ||||||
Milledgeville-Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Prerefunded 09/01/14 @ 101 | 2,355 | 2,747 | ||||||
Municipal Electric Authority of Georgia, Combustion, Ser A, RB, 5.000%, 11/01/24, Callable 11/01/08 @ 100, MBIA | 2,000 | 2,000 | ||||||
Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/16, Callable 01/01/13 @ 100, MBIA | 1,435 | 1,533 | ||||||
Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/17, Callable 01/01/13 @ 100, MBIA | 2,220 | 2,358 | ||||||
Oconee County Industrial Development Authority, OIIT Project, RB, 5.250%, 07/01/23, Callable 07/01/13 @ 100, XLCA | 1,295 | 1,311 | ||||||
Oglethorpe County School District, GO, 5.000%, 08/01/20, Callable 08/01/18 @ 100 | 250 | 267 | ||||||
Oglethorpe County School District, GO, 5.000%, 08/01/22, Callable 08/01/18 @ 100 | 565 | 591 | ||||||
Paulding County School District, GO, 6.000%, 02/01/10, MBIA | 715 | 758 | ||||||
Rockdale County Water & Sewer Authority, RB, 5.000%, 07/01/22, Callable 07/01/15 @ 100, FSA | 1,965 | 2,035 | ||||||
Roswell Georgia, GO, 5.500%, 02/01/12, Callable 02/01/09 @ 101 | 1,000 | 1,036 | ||||||
Union County School District, GO, 5.000%, 10/01/11, State Aid Withholding | 1,500 | 1,612 | ||||||
Upper Oconee Basin Water Authority, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, MBIA | 2,000 | 2,029 | ||||||
Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, 5.250%, 10/01/27, Callable 10/01/12 @ 101, AMBAC | 2,110 | 2,128 | ||||||
Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, 5.000%, 10/01/33, Callable 10/01/17 @ 100, AMBAC | 8,000 | 7,753 | ||||||
Walker, Dade & Catoosa Counties, Hutcheson Medical Project, Ser A, RB, 5.500%, 10/01/08, FSA | 1,370 | 1,393 | ||||||
Washington County Georgia School District, GO, 4.250%, 12/01/10, State Aid Withholding | 1,665 | 1,743 | ||||||
156,883 | ||||||||
Puerto Rico (5.8%) | ||||||||
Puerto Rico Commonwealth, Public Import, GO, 5.500%, 07/01/19, FSA | 3,000 | 3,297 |
52
Georgia Tax-Exempt Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Puerto Rico—continued | ||||||||
Puerto Rico Electric Power Authority, Ser SS, RB, 5.000%, 07/01/24, Callable 07/01/15 @ 100, MBIA | 1,000 | 1,007 | ||||||
Puerto Rico Highway & Transportation Authority, Ser AA, RB, 5.500%, 07/01/19, MBIA | 2,500 | 2,679 | ||||||
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue, Ser C, RB, 5.500%, 07/01/23, AMBAC | 1,000 | 1,060 | ||||||
Puerto Rico Municipal Finance Agency, Ser A, GO, 5.000%, 08/01/30, Callable 08/01/15 @ 100, FSA | 2,300 | 2,300 | ||||||
10,343 | ||||||||
Total Municipal Bonds | 167,226 | |||||||
Money Market Fund (5.4%) | ||||||||
Federated Tax-Free Obligations Fund | 7,043,579 | 7,044 | ||||||
SEI Tax Exempt Trust, Institutional Tax Free Fund | 2,604,308 | 2,604 | ||||||
Total Money Market Fund | 9,648 | |||||||
Total Investments (Cost $177,583)(b) — 99.0% | 176,874 | |||||||
Other assets in excess of liabilities — 1.0% | 1,806 | |||||||
Net Assets — 100.0% | $ | 178,680 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
AMT | — Alternative Minimum Tax Paper | |
COP | — Certificate of Participation | |
ETM | — Escrowed to Maturity | |
FGIC | — Security insured by Financial Guaranty Insurance Company | |
FNMA | — Security insured by Federal National Mortgage Association | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
RAN | — Revenue Anticipation Note | |
RB | — Revenue Bond | |
XLCA | — Security insured by XL Capital Assurance, Inc. |
53
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (94.1%) | ||||||||
Alabama (2.5%) | ||||||||
Jefferson County Sewer, Ser B-8, RB, 5.250%, 02/01/11, Callable 02/01/10 @ 100, FSA | 4,500 | 4,453 | ||||||
Alaska (2.3%) | ||||||||
Anchorage, Ser B, GO, 5.000%, 12/01/18, Callable 06/01/15 @ 100, MBIA | 4,000 | 4,265 | ||||||
Arizona (1.1%) | ||||||||
Salt River Project Agricultural Improvement & Power District Electric System, Ser A, RB, 5.000%, 01/01/10 | 2,000 | 2,091 | ||||||
California (5.1%) | ||||||||
California State Economic Recovery, Ser B, GO, 5.000%, 07/01/23, Mandatory Put 03/01/11 | 5,500 | 5,787 | ||||||
Los Angeles Unified School District, Ser A-1, GO, 4.500%, 07/01/25, Callable 07/01/17 @ 100, MBIA | 3,500 | 3,389 | ||||||
9,176 | ||||||||
Colorado (5.6%) | ||||||||
Adams County School District No 14, GO, 5.125%, 12/01/31, Callable 12/01/16 @ 100, FSA | 5,000 | 5,047 | ||||||
Denver City & County Airport, Ser A, RB, AMT, 5.500%, 11/15/14, Callable 11/15/11 @ 100, FGIC | 5,000 | 5,187 | ||||||
10,234 | ||||||||
Florida (24.9%) | ||||||||
Brevard County School Board, COP, 5.500%, 07/01/17, Prerefunded 07/01/12 @ 100, AMBAC | 1,860 | 2,052 | ||||||
Brevard County School Board, COP, 5.500%, 07/01/18, Prerefunded 07/01/12 @ 100, AMBAC | 3,015 | 3,326 | ||||||
Brevard County Utility Authority, RB, 5.250%, 03/01/13, Callable 03/01/12 @ 100, FGIC | 1,000 | 1,071 | ||||||
Brevard County Utility Authority, RB, 5.250%, 03/01/14, Callable 03/01/12 @ 100, FGIC | 1,000 | 1,063 | ||||||
Florida State Board of Education, Capital Outlay, Public Education Project, GO, 9.125%, 06/01/14, ETM | 950 | 1,228 | ||||||
Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.250%, 06/01/11, Callable 06/01/08 @ 101 | 1,000 | 1,014 | ||||||
Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.375%, 06/01/18, Callable 06/01/12 @ 101, FGIC | 2,130 | 2,264 | ||||||
Florida State Board of Education, Capital Outlay, Public Education Project, Ser D, GO, 5.375%, 06/01/15, Callable 06/01/12 @ 100 | 1,535 | 1,665 | ||||||
Florida State Board of Education, Capital Outlay, Public Education Project, Ser D, GO, 5.625%, 06/01/15, Callable 06/01/10 @ 101 | 1,235 | 1,316 |
54
High Grade Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Florida—continued | ||||||||
Florida State Board of Education, Lottery, Ser A, RB, 5.375%, 07/01/15, Callable 07/01/12 @ 101, FGIC | 3,500 | 3,785 | ||||||
Florida State Division of Bond Finance, Department of Environmental Protection & Preservation, Ser 2000-A, RB, 5.375%, 07/01/11, Callable 07/01/09 @ 101, FGIC | 2,130 | 2,212 | ||||||
Greater Orlando Aviation Authority, Airport Facilities, RB, AMT, 5.500%, 10/01/17, FGIC | 1,810 | 2,005 | ||||||
Hillsborough County Industrial Development Authority, University Community Hospital Project, RB, 6.500%, 08/15/19, MBIA | 145 | 170 | ||||||
Jacksonville Health Facilities Authority, Charity Obligation Group, Ser C, RB, 5.750%, 08/15/13, Prerefunded 08/15/11 @ 101 | 3,090 | 3,245 | ||||||
Jacksonville Sales Tax, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC | 1,435 | 1,537 | ||||||
Jacksonville Sales Tax, RB, 5.500%, 10/01/14, Callable 10/01/11 @ 100, AMBAC | 1,200 | 1,285 | ||||||
Jacksonville Sales Tax, RB, 5.500%, 10/01/15, Callable 10/01/11 @ 100, AMBAC | 1,550 | 1,660 | ||||||
Lee County Memorial Health Systems Hospital, Ser A, RB, 5.750%, 04/01/15, Callable 04/01/12 @ 100, FSA | 1,000 | 1,099 | ||||||
Lee County Transportation Facility Authority, Ser A, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC | 2,000 | 2,142 | ||||||
Manatee County Improvement Project, RB, 5.000%, 10/01/23, Callable 10/01/14 @ 100, FGIC | 2,095 | 2,143 | ||||||
Miami Parking Facilities Authority, RB, 5.250%, 10/01/15, MBIA | 1,000 | 1,089 | ||||||
Osceola County Tourist Development Tax Authority, Ser A, RB, 5.500%, 10/01/15, Callable 10/01/12 @ 100, FGIC | 1,000 | 1,084 | ||||||
Pensacola Airport Authority, Ser A, RB, AMT, 6.250%, 10/01/09, AMBAC | 505 | 526 | ||||||
Pensacola Airport Authority, Ser A, RB, AMT, 6.000%, 10/01/12, Callable 10/01/08 @ 102, MBIA | 1,075 | 1,107 | ||||||
Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/14 @ 100, FSA | 2,000 | 2,203 | ||||||
Polk County Utility Systems Authority, RB, 6.000%, 10/01/08, FGIC, ETM | 510 | 519 | ||||||
Tampa Guaranteed Entitlement Authority, RB, 6.000%, 10/01/18, AMBAC | 500 | 563 |
55
High Grade Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Florida—continued | ||||||||
Tampa Sales Tax Authority, Ser A, RB, 5.375%, 10/01/14, Callable 10/01/11 @ 101, AMBAC | 1,640 | 1,763 | ||||||
45,136 | ||||||||
Illinois (11.8%) | ||||||||
Chicago Housing Authority, Capital Program, RB, 5.000%, 07/01/23, Callable 07/01/16 @ 100, FSA | 5,000 | 5,125 | ||||||
Grundy Kendall & Will Counties Community School District No 201, GO, 5.750%, 10/15/20, Callable 10/15/18 @ 100, LOC: Assured Guaranty | 3,500 | 3,924 | ||||||
Illinois Municipal Electric Agency Power Supply, Ser A, RB, 5.250%, 02/01/23, FGIC | 6,000 | 6,144 | ||||||
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/18, Callable 07/01/15 @ 100, FSA | 3,000 | 3,199 | ||||||
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/24, Callable 07/01/16 @ 100, FSA | 3,000 | 3,073 | ||||||
21,465 | ||||||||
Maryland (4.2%) | ||||||||
Maryland State & Local Facilities, Ser 1, GO, 5.000%, 03/01/16 | 4,000 | 4,431 | ||||||
Maryland State Department of Transportation Consolidated Transportation, RB, 5.000%, 02/15/16 | 2,925 | 3,217 | ||||||
7,648 | ||||||||
Massachusetts (3.0%) | ||||||||
Massachusetts State, Consolidated Lien, Ser A, GO, 5.000%, 03/01/23, Prerefunded 03/01/15 @ 100, FSA | 5,000 | 5,521 | ||||||
New York (3.5%) | ||||||||
New York, Ser G, GO, 5.000%, 08/01/19, Callable 02/01/16 @ 100, AMBAC | 6,000 | 6,364 | ||||||
North Carolina (2.0%) | ||||||||
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/19, Callable 03/01/17 @ 100, MBIA | 3,405 | 3,642 | ||||||
Pennsylvania (2.8%) | ||||||||
Allegheny County Airport Authority, Pittsburgh International Airport, Ser B, RB, AMT, 5.000%, 01/01/18, MBIA | 5,000 | 5,026 | ||||||
Puerto Rico (15.8%) | ||||||||
Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC | 5,860 | 6,085 | ||||||
Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC | 3,000 | 3,184 | ||||||
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Tax, Ser C, RB, 5.500%, 07/01/17, AMBAC | 10,000 | 10,808 | ||||||
Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, FSA | 6,965 | 7,446 |
56
High Grade Municipal Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Puerto Rico—continued | ||||||||
Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/16, Callable 08/01/12 @ 100, FSA | 1,020 | 1,090 | ||||||
28,613 | ||||||||
South Carolina (2.4%) | ||||||||
South Carolina State Public Service Authority, Ser A, RB, 5.000%, 01/01/17, Callable 01/01/14 @ 100, FSA | 2,300 | 2,451 | ||||||
York County School District No 4, Fort Mill, GO, 5.000%, 03/01/34, Callable 03/01/14 @ 100, SCSDE | 1,920 | 1,924 | ||||||
4,375 | ||||||||
Texas (5.1%) | ||||||||
Kermit Independent School District, GO, 5.250%, 02/15/37, Callable 02/15/17 @ 100, PSF-GTD | 4,000 | 4,056 | ||||||
North Texas Tollway Authority, Ser A, RB, 6.000%, 01/01/25, Callable 01/01/18 @ 100 | 5,000 | 5,213 | ||||||
9,269 | ||||||||
Virginia (2.0%) | ||||||||
Fairfax County, Public Improvement, Ser A, GO, 5.000%, 04/01/15, LOC: | ||||||||
State Aid Withholding | 3,225 | 3,569 | ||||||
Total Municipal Bonds | 170,847 | |||||||
Money Market Fund (9.8%) | ||||||||
Federated Tax-Free Obligations Fund | 8,734,257 | 8,734 | ||||||
SEI Tax Exempt Trust, Institutional Tax Free Fund | 8,990,967 | 8,991 | ||||||
Total Money Market Fund | 17,725 | |||||||
Total Investments (Cost $187,751)(a) — 103.9% | 188,572 | |||||||
Liabilities in excess of other assets — (3.9)% | (7,086 | ) | ||||||
Net Assets — 100.0% | $ | 181,486 | ||||||
(a) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
AMT | — Alternative Minimum Tax Paper | |
COP | — Certificate of Participation | |
ETM | — Escrowed to Maturity | |
FGIC | — Security insured by Financial Guaranty Insurance Company | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
LOC | — Letter of Credit | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
PSF-GTD | — Security insured by Permanent School Fund Guarantee Program | |
RB | — Revenue Bond | |
SCSDE | — Security insured by South Carolina School Discount Enhancement |
57
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Bank Loans (7.5%) | ||||||||
Diversified Financial Services (5.1%) | ||||||||
Cenveo, Inc., 8.119%, 06/21/14(a)(b) | 575 | 575 | ||||||
Clarke American Corp., 5.197%, 04/01/14(a)(b) | 854 | 685 | ||||||
East Valley Tourist Development Authority, 9.440%, 08/06/14(a)(b) | 1,400 | 1,387 | ||||||
2,647 | ||||||||
Telecommunication Services (2.4%) | ||||||||
Asurion Corp., 6.095%, 07/03/14(a)(b) | 570 | 478 | ||||||
Wind Acquisition Holdings, 11.201%, 12/07/11(a)(b) | 854 | 752 | ||||||
1,230 | ||||||||
Total Bank Loans | 3,877 | |||||||
Corporate Bonds (80.1%) | ||||||||
Advertising (2.3%) | ||||||||
TL Acquisitions, Inc., 10.500%, 01/15/15, Callable 07/15/11 @ 105.25(b) | 1,150 | 989 | ||||||
Valassis Communications, Inc., 8.250%, 03/01/15, Callable 03/01/11 @ 104.13 | 225 | 185 | ||||||
1,174 | ||||||||
Apparel (0.6%) | ||||||||
Levi Strauss & Co., 8.875%, 04/01/16, Callable 04/01/11 @ 104.44(c) | 300 | 287 | ||||||
Auto Manufacturers (0.2%) | ||||||||
Tenneco, Inc., 8.125%, 11/15/15, Callable 11/15/11 @ 104.06(b) | 110 | 109 | ||||||
Auto Parts & Equipment (2.9%) | ||||||||
Goodyear Tire & Rubber Co. (The), 8.663%, 12/01/09, Callable 04/21/08 @ 100(a) | 1,525 | 1,515 | ||||||
Beverages (0.6%) | ||||||||
Constellation Brands, Inc., 8.375%, 12/15/14 | 320 | 330 | ||||||
Chemicals (3.2%) | ||||||||
Axcan Intermediate Holdings, Inc., 9.250%, 03/01/15, Callable 03/01/11 @ 106.94(b) | 1,150 | 1,139 | ||||||
Ineos Group Holdings PLC, 8.500%, 02/15/16, Callable 02/15/11 @ 104.25(b)(c) | 655 | 509 | ||||||
1,648 | ||||||||
Commercial Services (3.7%) | ||||||||
Aramark Services, Inc., 8.500%, 02/01/15, Callable 02/01/11 @ 104.25 | 350 | 351 | ||||||
Atlantic Broadband, Inc., 9.375%, 01/15/14, Callable 01/15/09 @ 104.69 | 675 | 594 | ||||||
Deluxe Corp., 7.375%, 06/01/15, Callable 06/01/11 @ 103.69 | 100 | 93 | ||||||
Deluxe Corp., Ser B, 5.125%, 10/01/14 | 225 | 184 | ||||||
Hertz Corp., 8.875%, 01/01/14, Callable 01/01/10 @ 104.44 | 85 | 80 | ||||||
Hertz Corp., 10.500%, 01/01/16, Callable 01/01/11 @ 105.25(c) | 310 | 290 | ||||||
Iron Mountain, Inc., 8.625%, 04/01/13, Callable 04/07/08 @ 101.44 | 155 | 157 | ||||||
Iron Mountain, Inc., 7.750%, 01/15/15, Callable 04/07/08 @ 103.88 | 165 | 166 | ||||||
1,915 | ||||||||
Diversified Financial Services (11.3%) | ||||||||
Bank of America Corp., Ser K, 8.000%, 12/29/49, Callable 01/30/18 @ 100 | 575 | 576 | ||||||
Buffalo Thunder Development Authority, 9.375%, 12/15/14, Callable 12/15/10 @ 104.69(b) | 160 | 120 | ||||||
Ford Motor Credit Co., 8.625%, 11/01/10 | 1,060 | 924 |
58
High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Galaxy Entertainment Finance Co., Ltd., 9.875%, 12/15/12, Callable 12/15/09 @ 104.94(b) | 300 | 298 | ||||||
GMAC LLC, 6.875%, 09/15/11 | 600 | 459 | ||||||
GMAC LLC, 6.625%, 05/15/12 | 250 | 189 | ||||||
GMAC LLC, 8.000%, 11/01/31 | 600 | 430 | ||||||
Hexion US Finance Corp., 9.369%, 11/15/14, Callable 11/15/08 @ 102(a) | 80 | 75 | ||||||
Hexion US Finance Corp., 9.750%, 11/15/14, Callable 11/15/10 @ 104.88 | 1,465 | 1,571 | ||||||
LVB Acquisition, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105(b) | 155 | 162 | ||||||
Nielsen Finance LLC, 10.000%, 08/01/14, Callable 08/01/10 @ 105 | 580 | 577 | ||||||
NSG Holdings LLC, 7.750%, 12/15/25(b) | 475 | 461 | ||||||
Snoqualmie Enterprise Authority, 9.125%, 02/01/15, Callable 02/01/11 @ 104.56(b) | 45 | 38 | ||||||
5,880 | ||||||||
Diversified Minerals (1.2%) | ||||||||
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(b) | 175 | 156 | ||||||
FMG Finance Property Ltd., 10.625%, 09/01/16(b) | 435 | 489 | ||||||
645 | ||||||||
Diversified Operations (1.1%) | ||||||||
Freeport-McMoRan Copper & Gold, Inc., 8.394%, 04/01/15, Callable 04/01/09 @ 102(a) | 255 | 250 | ||||||
SPX Corp., 7.625%, 12/15/14(b) | 330 | 340 | ||||||
590 | ||||||||
Electric (10.9%) | ||||||||
AES Corp. (The), 8.000%, 10/15/17 | 850 | 861 | ||||||
Aquila, Inc., 12.073%, 07/01/12 | 1,080 | 1,331 | ||||||
Energy Future Holdings, 10.875%, 11/01/17, Callable 11/01/12 @ 105.44(b) | 485 | 490 | ||||||
InterGen NV, 9.000%, 06/30/17, Callable 06/30/12 @ 104.50(b) | 295 | 308 | ||||||
Mirant North America LLC, 7.375%, 12/31/13, Callable 12/31/09 @ 103.69 | 525 | 530 | ||||||
Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 | 1,205 | 1,226 | ||||||
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(b) | 805 | 802 | ||||||
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(b) | 125 | 125 | ||||||
5,673 | ||||||||
Entertainment (0.8%) | ||||||||
Mashantucket Pequot Tribe, 8.500%, 11/15/15, Callable 11/15/11 @ 104.25(b) | 255 | 224 | ||||||
Pokagon Gaming Authority, 10.375%, 06/15/14, Callable 06/15/10 @ 105.19(b) | 84 | 89 | ||||||
Shingle Springs Tribal Gaming Authority, 9.375%, 06/15/15, Callable 06/15/11 @ 104.69(b) | 135 | 120 | ||||||
433 | ||||||||
Food (0.5%) | ||||||||
Smithfield Foods, Inc., 7.750%, 07/01/17 | 275 | 268 | ||||||
Forest Products & Paper (4.6%) | ||||||||
Abitibi-Consolidated, Inc., 13.750%, 04/01/11(b) | 1,255 | 1,283 | ||||||
New Page Holding Corp., 10.000%, 05/01/12, Callable 05/01/09 @ 106(b) | 55 | 56 |
59
High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Forest Products & Paper—continued | ||||||||
New Page Holding Corp., 11.818%, 11/01/13, Callable 02/04/08 @ 102(a) | 400 | 336 | ||||||
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(b) | 130 | 135 | ||||||
Verso Paper Holdings LLC, Ser B, 6.989%, 08/01/14, Callable 08/01/08 @ 102(a) | 675 | 570 | ||||||
2,380 | ||||||||
Health Care (8.6%) | ||||||||
Boston Scientific Corp., 6.000%, 06/15/11 | 240 | 234 | ||||||
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44(c) | 510 | 512 | ||||||
HCA, Inc., 9.125%, 11/15/14, Callable 11/15/10 @ 104.56 | 25 | 26 | ||||||
HCA, Inc., 9.625%, 11/15/16, Callable 11/15/11 @ 104.81 | 1,440 | 1,494 | ||||||
Psychiatric Solutions, Inc., 7.750%, 07/15/15, Callable 07/15/10 @ 103.88 | 220 | 219 | ||||||
Tenet Healthcare Corp., 9.875%, 07/01/14 | 750 | 725 | ||||||
Universal Hospital Services, Inc., 8.288%, 06/01/15, Callable 06/01/09 @ 102(a) | 1,200 | 1,068 | ||||||
Universal Hospital Services, Inc. (PIK), 8.500%, 06/01/15, Callable 06/01/11 @ 104.25 | 205 | 205 | ||||||
4,483 | ||||||||
Insurance (0.5%) | ||||||||
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88 | 260 | 246 | ||||||
Machinery Diversified (2.4%) | ||||||||
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56 | 1,250 | 1,225 | ||||||
Materials (0.5%) | ||||||||
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(b) | 280 | 280 | ||||||
Media (5.0%) | ||||||||
Clear Channel Communications, Inc., 7.650%, 09/15/10 | 135 | 143 | ||||||
EchoStar DBS Corp., 7.125%, 02/01/16 | 530 | 494 | ||||||
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 | 1,010 | 991 | ||||||
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25 | 670 | 563 | ||||||
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88 | 165 | 151 | ||||||
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88 | 270 | 246 | ||||||
2,588 | ||||||||
Miscellaneous Manufacturer (0.5%) | ||||||||
Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 | 239 | 251 | ||||||
Oil & Gas (7.8%) | ||||||||
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 | 205 | 208 | ||||||
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88 | 85 | 86 | ||||||
Connacher Oil & Gas, 10.250%, 12/15/15, Callable 12/15/11 @ 105.13(b) | 1,130 | 1,139 | ||||||
Forest Oil Corp., 7.250%, 06/15/19, Callable 06/15/12 @ 103.63 | 105 | 107 | ||||||
Mariner Energy, Inc., 8.000%, 05/15/17, Callable 05/15/12 @ 104 | 145 | 138 |
60
High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
OPTI Canada, Inc., 7.875%, 12/15/14, Callable 12/15/10 @ 104.13 | 725 | 709 | ||||||
Southwestern Energy Co., 7.500%, 02/01/18(b) | 185 | 191 | ||||||
United Refining Co., 10.500%, 08/15/12, Callable 08/15/08 @ 105.25 | 1,495 | 1,480 | ||||||
4,058 | ||||||||
Pipelines (2.5%) | ||||||||
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06 | 170 | 176 | ||||||
Targa Resources, Inc., 8.500%, 11/01/13, Callable 11/01/09 @ 104.25 | 1,190 | 1,095 | ||||||
1,271 | ||||||||
Real Estate (0.9%) | ||||||||
American Real Estate Partners LP, 8.125%, 06/01/12, Callable 06/01/08 @ 104.06 | 75 | 73 | ||||||
American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 | 460 | 418 | ||||||
491 | ||||||||
Semiconductors (0.1%) | ||||||||
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63 | 55 | 53 | ||||||
Telecommunication Services (6.6%) | ||||||||
Alltel Communications, 10.375%, 12/01/17, Callable 12/01/12 @ 105.19(b) | 580 | 499 | ||||||
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(b) | 235 | 226 | ||||||
Intelsat Subsidiary Holding Co. Ltd., 8.250%, 01/15/13, Callable 01/15/09 @ 104.13 | 215 | 217 | ||||||
Nordic Telephone Co. Holdings, 8.875%, 05/01/16, Callable 05/01/11 @ 104.44(b) | 185 | 179 | ||||||
PanAmSat Corp., 9.000%, 06/15/16, Callable 06/15/11 @ 104.50 | 840 | 846 | ||||||
Rural Cellular Corp., 8.250%, 03/15/12, Callable 04/07/08 @ 104.12 | 215 | 220 | ||||||
Telcordia Technologies, Inc., 8.008%, 07/15/12, Callable 07/15/08 @ 102(a)(b) | 995 | 756 | ||||||
Wind Acquisition Finance SA, 10.750%, 12/01/15, Callable 12/01/10 @ 105.38(b) | 375 | 382 | ||||||
Windstream Regatta Holdings, 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(b) | 155 | 95 | ||||||
3,420 | ||||||||
Transportation (0.8%) | ||||||||
Bristow Group, Inc., 7.500%, 09/15/17, Callable 09/15/12 @ 103.75(b) | 425 | 427 | ||||||
Total Corporate Bonds | 41,640 | |||||||
Preferred Stock (2.9%) | ||||||||
Financials (2.9%) | ||||||||
Credit Suisse, 7.900%, Callable 03/28/13 @ 25 | 60 | 1,500 | ||||||
Total Preferred Stock | 1,500 | |||||||
U.S. Treasury Obligations (1.2%) | ||||||||
U.S. Treasury Notes (1.2%) | ||||||||
3.125%, 10/15/08 | 625 | 631 | ||||||
Total U.S. Treasury Obligations | 631 | |||||||
Short-Term Investments (3.6%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(d) | 1,853,791 | 1,853 | ||||||
Total Short-Term Investments | 1,853 | |||||||
61
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
High Income Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (5.3%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(e) | 2,771,567 | 2,772 | ||||||
Total Money Market Fund | 2,772 | |||||||
Total Investments (Cost $54,051)(f) — 100.6% | 52,273 | |||||||
Liabilities in excess of other assets — (0.6)% | (293 | ) | ||||||
Net Assets — 100.0% | $ | 51,980 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 31.7% of net assets as of March 31, 2008. | |
(c) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $1,767. | |
(d) | This security was purchased with cash collateral held from securities lending. | |
(e) | Affiliate investment. | |
(f) | Represents cost for financial reporting purposes. | |
PIK | — Payment in-kind |
Notional | Fixed | |||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Expiration Date | Value($) | |||||||||||||
Abitibi Consolidated, Inc. | JPMorgan | 500 | 4.50 | 06/20/09 | (100 | ) | ||||||||||||
Brunswick | Bank of America | (575 | ) | 2.08 | 03/20/13 | 24 | ||||||||||||
JC Penney | Deutsche Bank | (575 | ) | 2.30 | 03/20/13 | 9 | ||||||||||||
Cigna Corp. | JPMorgan | (1,000 | ) | 1.44 | 03/20/13 | (23 | ) | |||||||||||
Humana Inc. | JPMorgan | (1,000 | ) | 2.25 | 03/20/13 | (14 | ) | |||||||||||
(104 | ) | |||||||||||||||||
62
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (1.9%) | ||||||||
Automobile ABS (0.9%) | ||||||||
Daimler Chrysler Auto Trust, Ser 2005-A, Cl A4, 3.740%, 02/08/10 | 219 | 220 | ||||||
Daimler Chrysler Auto Trust, Ser 2007-A, Cl A4, 5.280%, 03/08/13 | 1,514 | 1,551 | ||||||
Daimler Finance N.A., LLC, 6.500%, 11/15/13 | 3,474 | 3,662 | ||||||
Honda Auto Receivables Owner Trust, Ser 2006-3, Cl A4, 5.014%, 04/15/12 | 1,736 | 1,777 | ||||||
7,210 | ||||||||
Collateralized Loan Obligations ABS (0.3%) | ||||||||
Commercial Industrial Finance Corp., Ser 2006-1BA, ClB2L, 6.599%, 12/22/20(a)(b) | 1,200 | 709 | ||||||
Marathon CLO Ltd., Ser 2005-2A, Cl D, 7.242%, 12/20/19(a)(b) | 645 | 451 | ||||||
Muir Grove CLO Ltd., Ser 2007-1A, Cl B, 7.348%, 03/25/20(a)(b) | 1,750 | 1,419 | ||||||
2,579 | ||||||||
Home Equity ABS (0.2%) | ||||||||
Citifinancial Mortgage Securities, Inc., Ser 2003-1, Cl AF5, 4.282%, 01/25/33(a) | 1,390 | 1,372 | ||||||
Contimortgage Home Equity Loan Trust, Ser 1996-2, Cl A8, 7.900%, 07/15/27 | 42 | 39 | ||||||
Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.962%, 09/15/29(a) | 4 | 4 | ||||||
Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.765%, 04/15/31(a) | 7 | 7 | ||||||
1,422 | ||||||||
Utility ABS (0.5%) | ||||||||
CNH Equipment Trust, Ser 2007-C, Cl A3A, 5.210%, 12/15/11 | 2,534 | 2,574 | ||||||
MP Environmental Funding LLC, Ser 2007-A, Cl A1, 4.982%, 07/15/16 | 51 | 53 | ||||||
PECO Energy Transition Trust, Ser 2000-A, Cl A4, 7.650%, 03/01/10 | 1,144 | 1,207 | ||||||
PSE&G Transition Funding LLC, Ser 2001-1, Cl A8, 6.890%, 12/15/17 | 387 | 429 | ||||||
4,263 | ||||||||
Total Asset-Backed Securities | 15,474 | |||||||
Collateralized Mortgage Obligations (10.5%) | ||||||||
Banc of America Commercial Mortgage, Inc., Ser 2004-4, Cl A3, 4.128%, 07/10/42 | 355 | 350 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2005-6 Cl A4, 5.181%, 09/10/47(a) | 4,513 | 4,490 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2006-2, Cl A4, 5.740%, 05/10/45(a) | 2,113 | 2,135 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2006-4, Cl A4, 2,056.410%, 07/10/46 | 530 | 528 | ||||||
Banc of America Mortgage Securities, Ser 2003-5, Cl 2A1, 5.000%, 07/25/18 | 6 | 6 |
63
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2001-TOP2, Cl A2, 6.480%, 02/15/35 | 4,435 | 4,543 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2005-PW10, Cl A4, 5.405%, 12/11/40(a) | 3,347 | 3,360 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2006-PW13, Cl A4, 5.540%, 09/11/41 | 430 | 426 | ||||||
Chase Commercial Mortgage Securities Corp., Ser 2000-3, Cl A2, 7.319%, 10/15/32 | 1,384 | 1,433 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44(a) | 415 | 414 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2006-CD2, Cl A4, 5.362%, 01/15/46(a) | 275 | 271 | ||||||
Commercial Mortgage Pass-Through Certificates, Ser 2005-C6, Cl A5A, 5.116%, 06/10/44(a) | 3,892 | 3,848 | ||||||
Countrywide Alternative Loan Trust, Ser 2006-HY12, Cl A5, 6.174%, 08/25/36(a) | 3,950 | 2,938 | ||||||
Countrywide Home Loans, Ser 2004-J1, Cl 1A1, 4.500%, 01/25/19 | 1,131 | 1,063 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2001-CF2, Cl A4, 6.505%, 02/15/34(a) | 1,136 | 1,172 | ||||||
Fannie Mae, Ser 2005-20, Cl PC, 5.000%, 07/25/24 | 1,341 | 1,355 | ||||||
Fannie Mae, Ser 2007-77, Cl TD, 5.500%, 01/25/36 | 1,344 | 1,307 | ||||||
Fannie Mae, Ser 2007-79, Cl TD, 5.000%, 01/25/34 | 1,375 | 1,304 | ||||||
Freddie Mac, Ser 3134, Cl PA, 5.000%, 09/15/18 | 1,008 | 1,025 | ||||||
Freddie Mac, Ser 3347, Cl AK, 5.000%, 07/15/37 | 3,524 | 3,604 | ||||||
Freddie Mac, Ser 3349, Cl HE, 5.500%, 07/15/36 | 2,525 | 2,544 | ||||||
Freddie Mac. Ser 2966, Cl NW, 5.069%, 08/15/25 | 1,576 | 1,599 | ||||||
GE Capital Commercial Mortgage Corp., Ser 2000-1, Cl A2, 6.496%, 01/15/33 | 2,828 | 2,894 | ||||||
GE Capital Commercial Mortgage Corp., Ser 2006-C1, Cl A4, 5.340%, 03/10/44(a) | 360 | 356 | ||||||
Ginnie Mae, Ser 2007-27, Cl NV, 5.500%, 04/20/36 | 1,531 | 1,544 | ||||||
Ginnie Mae, Ser 2007-41, Cl PB, 5.500%, 09/20/36 | 1,589 | 1,582 | ||||||
GMAC Commercial Mortgage Securities, Inc., Ser 2000-C1, Cl A2, 7.724%, 03/15/33 | 1,973 | 2,040 |
64
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
GMAC Commercial Mortgage Securities, Inc., Ser 2001-C1, Cl A2, 6.465%, 04/15/34 | 2,424 | 2,480 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2006-GG7, Cl A4, 5.911%, 07/10/38(a) | 3,082 | 3,146 | ||||||
GS Mortgage Securities Corp. II, Ser 2006-GG6, Cl A2, 5.506%, 04/10/38(a) | 1,688 | 1,679 | ||||||
GS Mortgage Securities Corp. II, Ser 2006-GG8, Cl A4, 5.560%, 11/10/39(a) | 375 | 371 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP4, Cl A4, 4.918%, 10/15/42(a) | 891 | 870 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP5, Cl A4, 5.179%, 12/15/44(a) | 2,636 | 2,628 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-CB15, Cl A4, 5.814%, 06/12/43(a) | 560 | 565 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-CB16, Cl A4, 5.552%, 05/12/45 | 1,860 | 1,841 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-LDP6, Cl A4, 5.475%, 04/15/43(a) | 385 | 381 | ||||||
JPMorgan Commercial Mortgage Finance Co., Ser 2000-C10, Cl A2, 7.371%, 08/15/32 | 2,598 | 2,677 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2, 6.510%, 12/15/26(a) | 1,661 | 1,703 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2005-C5, Cl A4, 4.954%, 09/15/30 | 3,700 | 3,631 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4, 5.197%, 11/15/30(a) | 792 | 788 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl A4, 5.228%, 02/15/31 | 790 | 769 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2006-C3, Cl A4, 5.661%, 03/15/39(a) | 1,624 | 1,629 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-1, Cl A4, 5.427%, 02/12/39(a) | 2,348 | 2,331 | ||||||
Morgan Stanley Capital I, Ser 2006-HQ10, Cl A4, 5.328%, 11/12/41(a) | 790 | 770 | ||||||
Morgan Stanley Dean Witter Capital I, Ser 2001-TOP1, Cl A4, 6.660%, 02/15/33 | 2,560 | 2,645 | ||||||
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C21, Cl A4, 5.210%, 10/15/44(a) | 3,414 | 3,428 |
65
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S5, Cl 2A, 5.000%, 06/25/18(a) | 1,274 | 1,275 | ||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S7, Cl A1, 4.500%, 08/25/18 | 2,127 | 2,061 | ||||||
Total Collateralized Mortgage Obligations | 85,798 | |||||||
Corporate Bonds (33.1%) | ||||||||
Aerospace/Defense (0.6%) | ||||||||
Lockheed Martin Corp., 4.121%, 03/14/13 | 2,171 | 2,174 | ||||||
United Technologies Corp., 4.875%, 05/01/15 | 2,216 | 2,255 | ||||||
4,429 | ||||||||
Airlines (0.5%) | ||||||||
Delta Air Lines, Inc., Cl A, 6.821%, 08/10/22(c) | 4,483 | 4,323 | ||||||
Banks (2.9%) | ||||||||
Bank of America Corp., 7.400%, 01/15/11 | 5,851 | 6,265 | ||||||
Bank of America Corp., 5.375%, 09/11/12 | 3,475 | 3,615 | ||||||
Bank of New York Mellon, Ser G, 4.950%, 11/01/12 | 2,968 | 3,041 | ||||||
Bank of New York Mellon, Ser G, MTN, 4.500%, 04/01/13 | 1,522 | 1,533 | ||||||
Wachovia Corp., 5.300%, 10/15/11 | 3,241 | 3,272 | ||||||
Wachovia Corp., Ser G, 5.750%, 02/01/18 | 786 | 770 | ||||||
Wells Fargo & Co., 4.375%, 01/31/13 | 5,339 | 5,312 | ||||||
23,808 | ||||||||
Beverages (1.1%) | ||||||||
Coca-Cola Co., 5.350%, 11/15/17 | 3,796 | 3,961 | ||||||
Diageo Capital PLC, 5.200%, 01/30/13 | 1,529 | 1,582 | ||||||
SABMiller PLC, 6.200%, 07/01/11(c) | 3,406 | 3,621 | ||||||
9,164 | ||||||||
Building Materials (0.2%) | ||||||||
Lafarge SA, 6.150%, 07/15/11 | 1,923 | 1,962 | ||||||
Commercial Services (0.8%) | ||||||||
Caterpillar Financial Services Corp., Ser F, 5.850%, 09/01/17 | 1,412 | 1,461 | ||||||
ERAC USA Finance Co., 5.800%, 10/15/12(c) | 2,286 | 2,179 | ||||||
ERAC USA Finance Co., 5.600%, 05/01/15(c) | 1,902 | 1,696 | ||||||
Xerox Corp., 5.500%, 05/15/12 | 1,495 | 1,508 | ||||||
6,844 | ||||||||
Computers (0.4%) | ||||||||
Hewlett-Packard Co., 4.500%, 03/01/13 | 1,473 | 1,495 | ||||||
IBM Corp., 5.700%, 09/14/17 | 1,752 | 1,835 | ||||||
3,330 | ||||||||
Consumer Staples (0.3%) | ||||||||
Kellogg Co., 4.250%, 03/06/13 | 2,233 | 2,226 | ||||||
Diversified Financial Services (9.8%) | ||||||||
ABX Financing Co., 5.750%, 10/15/16(c) | 1,760 | 1,769 | ||||||
American Express Co., 6.150%, 08/28/17(d) | 2,652 | 2,640 | ||||||
Citigroup, Inc., 5.125%, 05/05/14(d) | 4,517 | 4,414 | ||||||
Citigroup, Inc., 6.000%, 08/15/17 | 1,351 | 1,332 | ||||||
Credit Suisse (USA), Inc., 6.125%, 11/15/11 | 2,886 | 3,049 | ||||||
Credit Suisse (USA), Inc., 6.500%, 01/15/12 | 1,504 | 1,599 | ||||||
Fund American Cos., Inc., 5.875%, 05/15/13 | 3,259 | 3,397 | ||||||
General Electric Capital Corp., Ser A, 5.450%, 01/15/13 | 6,027 | 6,313 |
66
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 | 2,566 | 2,495 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 2,207 | 2,185 | ||||||
Household Finance Corp., 4.125%, 12/15/08 | 3,310 | 3,306 | ||||||
HSBC Finance Corp., 6.375%, 11/27/12 | 4,204 | 4,258 | ||||||
International Lease Finance Corp., Ser Q, 5.250%, 01/10/13 | 1,417 | 1,387 | ||||||
International Lease Finance Corp., Ser R, 5.625%, 09/15/10 | 1,971 | 1,987 | ||||||
International Lease Finance Corp., Ser R, 5.625%, 09/20/13 | 595 | 583 | ||||||
Janus Capital Group, Inc., 5.875%, 09/15/11 | 1,338 | 1,355 | ||||||
Jefferies Group, Inc., 5.875%, 06/08/14 | 2,896 | 2,878 | ||||||
JPMorgan Chase & Co., 6.625%, 03/15/12 | 4,843 | 5,149 | ||||||
JPMorgan Chase & Co., 5.375%, 10/01/12 | 2,860 | 2,970 | ||||||
Lazard Group LLC, 7.125%, 05/15/15 | 3,760 | 3,657 | ||||||
Lehman Brothers Holdings, Inc., MTN, 5.625%, 01/24/13 | 4,329 | 4,209 | ||||||
Merrill Lynch & Co., Inc., 5.770%, 07/25/11 | 30 | 30 | ||||||
Merrill Lynch & Co., Inc., Ser C, MTN, 6.050%, 08/15/12 | 4,587 | 4,659 | ||||||
Morgan Stanley, 5.300%, 03/01/13 | 6,966 | 6,943 | ||||||
Northern Trust Co., 5.200%, 11/09/12 | 3,539 | 3,732 | ||||||
TIAA Global Markets, 5.125%, 10/10/12(c) | 3,575 | 3,699 | ||||||
79,995 | ||||||||
Electric (2.4%) | ||||||||
CenterPoint Energy, Inc., Ser A-4, 5.170%, 08/01/19 | 1,770 | 1,774 | ||||||
Enel Finance International, 5.700%, 01/15/13(c)(d) | 6,885 | 7,126 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 3,317 | 3,287 | ||||||
MidAmerican Energy Holdings Co., Ser D, 5.000%, 02/15/14 | 4,660 | 4,572 | ||||||
Nevada Power Co., Ser L, 5.875%, 01/15/15 | 670 | 657 | ||||||
Oncor Electric Delivery Co., 6.375%, 01/15/15 | 2,152 | 2,151 | ||||||
19,567 | ||||||||
Insurance (0.8%) | ||||||||
American International Group, Ser G, 5.600%, 10/18/16 | 3,880 | 3,805 | ||||||
MetLife, Inc., 5.000%, 06/15/15 | 1,269 | 1,247 | ||||||
Travelers Cos., Inc. (The), 5.375%, 06/15/12 | 1,567 | 1,626 | ||||||
6,678 | ||||||||
Media (1.3%) | ||||||||
News America Holdings, Inc., 9.250%, 02/01/13 | 2,391 | 2,774 | ||||||
Time Warner Cable, Inc., 5.850%, 05/01/17 | 5,896 | 5,644 | ||||||
Time Warner, Inc., 5.500%, 11/15/11 | 1,306 | 1,297 | ||||||
Viacom, Inc., 6.125%, 10/05/17 | 766 | 747 | ||||||
10,462 | ||||||||
Miscellaneous Manufacturer (1.6%) | ||||||||
Caterpillar, Inc., 5.700%, 08/15/16 | 5 | 5 | ||||||
Clorox Co., 5.450%, 10/15/12 | 1,435 | 1,477 | ||||||
General Electric Co., 5.000%, 02/01/13 | 1,932 | 2,001 |
67
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Miscellaneous Manufacturer—continued | ||||||||
General Electric Co., 5.250%, 12/06/17 | 1,870 | 1,867 | ||||||
Kimberly-Clark Corp., 6.125%, 08/01/17 | 4,557 | 4,925 | ||||||
Siemens Financierings NV, 5.750%, 10/17/16(c) | 2,350 | 2,406 | ||||||
12,681 | ||||||||
Oil & Gas (1.7%) | ||||||||
Air Products & Chemicals, Inc., 4.150%, 02/01/13 | 1,714 | 1,716 | ||||||
Enterprise Products Operating LP, Ser B, 5.600%, 10/15/14 | 3,418 | 3,420 | ||||||
Praxair, Inc., 4.625%, 03/30/15 | 4,615 | 4,663 | ||||||
Transocean, Inc., 6.000%, 03/15/18 | 2,990 | 3,076 | ||||||
Weatherford International Ltd., 4.950%, 10/15/13 | 535 | 545 | ||||||
13,420 | ||||||||
Pharmaceuticals (3.5%) | ||||||||
Abbott Laboratories, 5.600%, 11/30/17 | 4,824 | 5,047 | ||||||
Astrazeneca PLC, 5.900%, 09/15/17(d) | 7,948 | 8,401 | ||||||
Covidien International Finance SA, 6.000%, 10/15/17(c) | 2,858 | 2,946 | ||||||
Johnson & Johnson, 5.550%, 08/15/17 | 4,724 | 5,099 | ||||||
Merck & Co., Inc., 5.125%, 11/15/11 | 1,825 | 1,930 | ||||||
Schering-Plough, 6.000%, 09/15/17 | 4,142 | 4,163 | ||||||
Teva Pharmaceutical Finance LLC, 5.550%, 02/01/16 | 823 | 829 | ||||||
28,415 | ||||||||
Pipelines (1.1%) | ||||||||
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 | 2,503 | 2,780 | ||||||
El Paso Natural Gas, 5.950%, 04/15/17 | 590 | 579 | ||||||
Energy Transfer Partners, 6.700%, 07/01/18 | 4,889 | 4,925 | ||||||
Southern Natural Gas Co., 5.900%, 04/01/17(c)(d) | 495 | 484 | ||||||
8,768 | ||||||||
Retail (1.4%) | ||||||||
J.C. Penney Corp., Inc., 5.750%, 02/15/18 | 467 | 431 | ||||||
Tesco PLC, 5.500%, 11/15/17(c) | 3,306 | 3,373 | ||||||
Wal-Mart Stores, Inc., 5.800%, 02/15/18 | 7,289 | 7,639 | ||||||
11,443 | ||||||||
Software (0.1%) | ||||||||
Intuit, Inc., 5.750%, 03/15/17 | 658 | 637 | ||||||
Telecommunication Services (2.2%) | ||||||||
AT&T, Inc., 4.950%, 01/15/13 | 2,990 | 3,000 | ||||||
AT&T, Inc., 5.100%, 09/15/14 | 2,999 | 2,980 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 3,113 | 3,221 | ||||||
Comcast Corp., 4.950%, 06/15/16 | 1,606 | 1,495 | ||||||
Rogers Wireless, Inc., 7.500%, 03/15/15 | 1,464 | 1,538 | ||||||
Verizon Communications, Inc., 5.550%, 02/15/16 | 1,542 | 1,534 | ||||||
Vodafone Group PLC, 5.500%, 06/15/11 | 4,148 | 4,218 | ||||||
17,986 | ||||||||
Transportation (0.4%) | ||||||||
United Parcel Service, Inc., 4.500%, 01/15/13 | 3,045 | 3,155 | ||||||
Total Corporate Bonds | 269,293 | |||||||
U.S. Government Agency Mortgages (7.3%) | ||||||||
Fannie Mae (3.3%) | ||||||||
5.725%, 03/01/12 | 209 | 218 | ||||||
6.260%, 05/01/12 | 301 | 320 | ||||||
5.000%, 04/15/20 | 24,255 | 24,482 |
68
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Fannie Mae—continued | ||||||||
5.500%, 09/01/34 | 18 | 18 | ||||||
5.397%, 06/25/36 | 2,752 | 2,842 | ||||||
27,880 | ||||||||
Freddie Mac (3.6%) | ||||||||
6.500%, 08/01/08 | 15 | 15 | ||||||
4.500%, 04/17/23 | 16,265 | 16,164 | ||||||
5.500%, 07/15/27 | 1,674 | 1,723 | ||||||
5.500%, 11/15/28 | 2,995 | 3,095 | ||||||
5.500%, 05/15/29 | 3,050 | 3,148 | ||||||
5.500%, 01/15/30 | 4,754 | 4,913 | ||||||
29,058 | ||||||||
Ginnie Mae (0.4%) | ||||||||
4.449%, 03/16/25 | 315 | 319 | ||||||
4.811%, 05/16/27 | 423 | 432 | ||||||
4.271%, 01/16/28 | 373 | 376 | ||||||
3.760%, 09/16/28 | 420 | 420 | ||||||
4.300%, 07/16/29 | 186 | 187 | ||||||
5.375%, 02/16/31(a) | 400 | 413 | ||||||
5.270%, 03/16/37(a) | 400 | 410 | ||||||
2,557 | ||||||||
Total U.S. Government Agency Mortgages | 59,495 | |||||||
Municipal Bonds (3.5%) | ||||||||
California State Department Water Resource Power Supply, Ser A, RB, 5.500%, 05/01/16, Prerefunded 05/01/12 @ 101, AMBAC | 1,150 | 1,279 | ||||||
Chicago Illinois Board of Education, Ser C, GO, 5.000%, 12/01/31, Prerefunded 12/01/11 @ 100, FSA | 1,450 | 1,570 | ||||||
Cincinnati Ohio City School District, Classroom Facilities Construction & Improvement, GO, 5.000%, 12/01/31, Prerefunded 12/01/13 @ 100, FSA | 2,765 | 3,045 | ||||||
Clark County Washington School District No. 37, Vancouver, Ser B, GO, 5.750%, 12/01/15, Prerefunded 12/01/11 @ 100, SBG | 1,535 | 1,701 | ||||||
Indianapolis Local Public Improvement Bond Bank, Waterworks Project, Ser A, RB, 5.250%, 07/01/33, Prerefunded 07/01/12 @ 100, MBIA | 4,015 | 4,394 | ||||||
Lincoln Nebraska Electricity System, RB, 5.250%, 09/01/17, Prerefunded 09/01/11 @ 100 | 2,365 | 2,570 | ||||||
Metropolitan Transportation Authority, Ser B, RB, 5.250%, 11/15/32, Prerefunded 11/15/13 @ 100 | 2,900 | 3,240 | ||||||
Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.125%, 07/15/23, Prerefunded 07/15/11 @ 101, AMBAC | 2,055 | 2,230 | ||||||
San Antonio Independent School District Building, Ser A, GO, 5.000%, 08/15/31, Prerefunded 08/15/11 @ 100, PSF-GTD | 3,610 | 3,884 |
69
Intermediate Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds—continued | ||||||||
Tacoma Washington Electric Systems, Ser A, RB, 5.750%, 01/01/18, Prerefunded 01/01/11 @ 101, FSA | 1,365 | 1,494 | ||||||
University of Texas Permanent University Fund, Ser B, RB, 4.750%, 07/01/30, Prerefunded 07/01/14 @ 100 | 2,760 | 3,007 | ||||||
Total Municipal Bonds | 28,414 | |||||||
U.S. Treasury Obligations (40.6%) | ||||||||
U.S. Treasury Notes (40.6%) | ||||||||
3.125%, 10/15/08 | 1,500 | 1,514 | ||||||
4.000%, 04/15/10(d) | 112,461 | 117,785 | ||||||
4.250%, 10/15/10(d) | 69,101 | 73,593 | ||||||
4.375%, 12/15/10(d) | 23,428 | 25,085 | ||||||
4.875%, 04/30/11 | 33,535 | 36,537 | ||||||
4.125%, 08/31/12 | 37,145 | 39,847 | ||||||
3.625%, 12/31/12(d) | 15,877 | 16,729 | ||||||
3.500%, 02/15/18(d) | 19,375 | 19,487 | ||||||
Total U.S. Treasury Obligations | 330,577 | |||||||
Short-Term Investments (33.7%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(e) | 274,032,601 | 274,033 | ||||||
Total Short-Term Investments | 274,033 | |||||||
Money Market Fund (11.5%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(f) | 93,245,965 | 93,246 | ||||||
Total Money Market Fund | 93,246 | |||||||
Total Investments (Cost $1,143,186)(g) — 142.1% | 1,156,331 | |||||||
Liabilities in excess of other assets — (42.1)% | (342,604 | ) | ||||||
Net Assets — 100.0% | $ | 813,727 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2008 are identified below (in thousands): |
Issue | Acquisition | Cost | Par | Value | Percent of | |||||||||||||||
Description | Date | ($) | ($) | ($) | Net Assets(%) | |||||||||||||||
Commercial Industrial Finance Corp. | 07/20/07 | 854 | 1,200 | 709 | 0.08 | |||||||||||||||
Marathon CLO Ltd. | 07/19/07 | 516 | 645 | 451 | 0.06 | |||||||||||||||
Muir Grove CLO Ltd. | 09/25/07 | 1,744 | 1,750 | 1,419 | 0.17 |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 4.1% of net assets as of March 31, 2008. | |
(d) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $264,853. | |
(e) | This security was purchased with cash collateral held from securities lending. | |
(f) | Affiliate investment. | |
(g) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
MTN | — Medium Term Note | |
RB | — Revenue Bond | |
SBG | — School Board Guaranty |
70
Intermediate Bond Fund — continued
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Republic of Brazil | Citibank N.A. | 1,485 | 2.10 | 03/20/13 | 28 | |||||||||||||
Brunswick Corp. | Merrill Lynch | (120 | ) | 1.15 | 03/20/17 | 13 | ||||||||||||
Brunswick Corp. | Merrill Lynch | (500 | ) | 1.20 | 03/20/17 | 54 | ||||||||||||
Centex Corp. | Credit Suisse First Boston | (620 | ) | 2.65 | 09/20/17 | 46 | ||||||||||||
Gannett Co. | Citibank N.A. | (500 | ) | 0.83 | 06/20/17 | 48 | ||||||||||||
Istar Financial, Inc. | Citibank N.A. | (120 | ) | 0.70 | 03/20/17 | 35 | ||||||||||||
Istar Financial, Inc. | Citibank N.A. | (500 | ) | 0.88 | 03/20/17 | 144 | ||||||||||||
Aetna, Inc | Merrill Lynch | (1,005 | ) | 1.43 | 06/20/13 | (24 | ) | |||||||||||
Dow Jones CDX Indicies; Series 10 | Barclays Bank PLC | 9,645 | 1.55 | 06/20/13 | 58 | |||||||||||||
Colombia Government | Merrill Lynch | 725 | 1.68 | 01/20/13 | (13 | ) | ||||||||||||
Carnival Corp. | JPMorgan | (790 | ) | 0.70 | 09/20/17 | 40 | ||||||||||||
Dow Chemical Co. | Barclays Bank PLC | (620 | ) | 0.67 | 09/20/17 | 13 | ||||||||||||
Gannett Co. | Citibank N.A. | (120 | ) | 0.81 | 06/20/17 | 12 | ||||||||||||
Norfolk Southern Corp. | JPMorgan | (1,005 | ) | 0.73 | 06/20/13 | (4 | ) | |||||||||||
Valero Energy Corp. | Morgan Stanley | (1,005 | ) | 1.29 | 06/20/13 | (5 | ) | |||||||||||
UBS AG | Morgan Stanley | (1,005 | ) | 1.80 | 06/20/13 | (20 | ) | |||||||||||
425 | ||||||||||||||||||
Notional | (Pay)/Receive | Fixed | Expiration | |||||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Floating Rate | Rate(%) | Date | Value($) | ||||||||||||||||
2-Year New Zealand Bill | UBS | 4,274 | Receive | 8.55 | 2/26/2010 | 20 | ||||||||||||||||
26X1 TIIE | Citi | 9,356 | Receive | 7.55 | 3/2/2010 | 3 | ||||||||||||||||
2-Year New Zealand Bill | UBS | 4,176 | Receive | 8.39 | 3/6/2010 | 9 | ||||||||||||||||
5-Year CLP | Barclays Capital | 2,091 | Receive | 6.42 | 1/25/2013 | (84 | ) | |||||||||||||||
(52 | ) | |||||||||||||||||||||
71
Intermediate Bond Fund — concluded
Contract | ||||||||||||||||||||
Amount | Contract | Unrealized | ||||||||||||||||||
Delivery | in Local | Value in | Market | Appreciation | ||||||||||||||||
Currency | Date | Currency | USD($) | Value($) | (Depreciation)($) | |||||||||||||||
Short: | ||||||||||||||||||||
Australian Dollar | 04/29/08 | 864 | 756 | 786 | (30 | ) | ||||||||||||||
Australian Dollar | 05/28/08 | 1,682 | 1,542 | 1,526 | 16 | |||||||||||||||
Australian Dollar | 06/03/08 | 1,684 | 1,561 | 1,526 | 35 | |||||||||||||||
Australian Dollar | 05/28/08 | 1,721 | 1,597 | 1,561 | 36 | |||||||||||||||
Brazilian Real | 04/25/08 | 1,360 | 768 | 772 | (4 | ) | ||||||||||||||
Brazilian Real | 06/13/08 | 2,756 | 1,616 | 1,550 | 66 | |||||||||||||||
Canadian Dollar | 04/23/08 | 9,556 | 9,295 | 9,309 | (14 | ) | ||||||||||||||
Chilean Peso | 04/23/08 | 353,350 | 743 | 808 | (65 | ) | ||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 7,048 | 978 | 1,042 | (64 | ) | ||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 10,590 | 1,469 | 1,566 | (97 | ) | ||||||||||||||
Euro | 04/11/08 | 450 | 651 | 711 | (60 | ) | ||||||||||||||
Euro | 05/19/08 | 6,640 | 9,665 | 10,462 | (797 | ) | ||||||||||||||
Euro | 06/03/08 | 525 | 801 | 826 | (25 | ) | ||||||||||||||
Euro | 06/03/08 | 1,041 | 1,615 | 1,639 | (24 | ) | ||||||||||||||
British Pound | 04/24/08 | 4,765 | 9,295 | 9,440 | (145 | ) | ||||||||||||||
British Pound | 04/29/08 | 759 | 1,495 | 1,503 | (8 | ) | ||||||||||||||
British Pound | 06/03/08 | 798 | 1,580 | 1,576 | 4 | |||||||||||||||
British Pound | 06/04/08 | 401 | 790 | 791 | (1 | ) | ||||||||||||||
British Pound | 06/27/08 | 4,874 | 9,665 | 9,606 | 59 | |||||||||||||||
Japanese Yen | 04/16/08 | 78,136 | 730 | 785 | (55 | ) | ||||||||||||||
Japanese Yen | 04/16/08 | 1,960,012 | 18,310 | 19,685 | (1,375 | ) | ||||||||||||||
Norwegian Krone | 06/04/08 | 4,145 | 799 | 810 | (11 | ) | ||||||||||||||
Norwegian Krone | 06/04/08 | 4,165 | 809 | 814 | (5 | ) | ||||||||||||||
Norwegian Krone | 06/18/08 | 8,206 | 1,578 | 1,601 | (23 | ) | ||||||||||||||
New Romanian Leu | 04/11/08 | 1,666 | 660 | 704 | (44 | ) | ||||||||||||||
New Romanian Leu | 05/15/08 | 3,936 | 1,545 | 1,652 | (107 | ) | ||||||||||||||
New Zealand Dollar | 05/22/08 | 1,971 | 1,540 | 1,535 | 5 | |||||||||||||||
Turkish Lira | 04/07/08 | 708 | 590 | 530 | 60 | |||||||||||||||
Turkish Lira | 05/13/08 | 1,932 | 1,545 | 1,427 | 118 | |||||||||||||||
Turkish Lira | 05/27/08 | 960 | 780 | 705 | 75 | |||||||||||||||
Turkish Lira | 06/04/08 | 2,010 | 1,595 | 1,472 | 123 | |||||||||||||||
South African Rand | 05/08/08 | 6,029 | 770 | 738 | 32 | |||||||||||||||
South African Rand | 06/03/08 | 12,206 | 1,580 | 1,484 | 96 | |||||||||||||||
Total Short Contracts | $ | 88,713 | $ | 90,942 | $ | (2,229 | ) | |||||||||||||
Long: | ||||||||||||||||||||
Australian Dollar | 04/29/08 | 864 | 750 | 786 | 36 | |||||||||||||||
Australian Dollar | 05/28/08 | 1,710 | 1,570 | 1,551 | (19 | ) | ||||||||||||||
Australian Dollar | 05/28/08 | 1,694 | 1,580 | 1,536 | (44 | ) | ||||||||||||||
Australian Dollar | 06/03/08 | 1,684 | 1,580 | 1,526 | (54 | ) | ||||||||||||||
Australian Dollar | 06/17/08 | 1,718 | 1,600 | 1,553 | (47 | ) | ||||||||||||||
Australian Dollar | 06/17/08 | 1,729 | 1,605 | 1,563 | (42 | ) | ||||||||||||||
Brazilian Real | 04/25/08 | 1,360 | 745 | 772 | 27 | |||||||||||||||
Brazilian Real | 06/13/08 | 1,379 | 805 | 776 | (29 | ) | ||||||||||||||
Brazilian Real | 06/13/08 | 1,377 | 805 | 775 | (30 | ) | ||||||||||||||
Brazilian Real | 06/17/08 | 2,754 | 1,600 | 1,548 | (52 | ) | ||||||||||||||
Chilean Peso | 04/23/08 | 353,350 | 740 | 808 | 68 | |||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 7,048 | 975 | 1,042 | 67 | |||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 10,590 | 1,465 | 1,566 | 101 | |||||||||||||||
Euro | 04/11/08 | 450 | 660 | 711 | 51 | |||||||||||||||
Euro | 06/03/08 | 1,041 | 1,580 | 1,639 | 59 | |||||||||||||||
Euro | 06/03/08 | 525 | 795 | 826 | 31 | |||||||||||||||
Euro | 05/19/08 | 6,640 | 10,328 | 10,462 | 134 | |||||||||||||||
British Pound | 04/29/08 | 759 | 1,481 | 1,503 | 22 | |||||||||||||||
British Pound | 06/03/08 | 798 | 1,600 | 1,575 | (25 | ) | ||||||||||||||
British Pound | 06/04/08 | 401 | 803 | 790 | (13 | ) | ||||||||||||||
Japanese Yen | 04/16/08 | 78,136 | 737 | 785 | 48 | |||||||||||||||
Japanese Yen | 04/16/08 | 1,960,012 | 18,476 | 19,685 | 1,209 | |||||||||||||||
Norwegian Krone | 06/04/08 | 4,145 | 790 | 810 | 20 | |||||||||||||||
Norwegian Krone | 06/04/08 | 4,165 | 800 | 814 | 14 | |||||||||||||||
Norwegian Krone | 06/18/08 | 8,206 | 1,600 | 1,601 | 1 | |||||||||||||||
New Romanian Leu | 04/11/08 | 1,666 | 639 | 704 | 65 | |||||||||||||||
New Romanian Leu | 05/15/08 | 3,936 | 1,628 | 1,652 | 24 | |||||||||||||||
New Zealand Dollar | 05/22/08 | 985 | 794 | 768 | (26 | ) | ||||||||||||||
New Zealand Dollar | 05/22/08 | 985 | 782 | 768 | (14 | ) | ||||||||||||||
Peruvian New Sol | 04/23/08 | 2,163 | 740 | 791 | 51 | |||||||||||||||
Peruvian New Sol | 04/23/08 | 2,189 | 755 | 800 | 45 | |||||||||||||||
Turkish Lira | 06/04/08 | 2,010 | 1,608 | 1,471 | (137 | ) | ||||||||||||||
Turkish Lira | 04/07/08 | 708 | 589 | 530 | (59 | ) | ||||||||||||||
Turkish Lira | 05/13/08 | 1,932 | 1,566 | 1,427 | (139 | ) | ||||||||||||||
Turkish Lira | 05/27/08 | 960 | 767 | 705 | (62 | ) | ||||||||||||||
South African Rand | 05/08/08 | 6,029 | 757 | 738 | (19 | ) | ||||||||||||||
South African Rand | 06/03/08 | 12,205 | 1,588 | 1,484 | (104 | ) | ||||||||||||||
Total Long Contracts | $ | 67,683 | $ | 68,841 | $ | 1,158 | ||||||||||||||
72
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (3.3%) | ||||||||
Automobile ABS (0.9%) | ||||||||
Daimler Chrysler Auto Trust, Ser 2005-A, Cl A4, 3.740%, 02/08/10 | 1,443 | 1,446 | ||||||
Daimler Chrysler Auto Trust, Ser 2007-A, Cl A4, 5.280%, 03/08/13 | 1,062 | 1,088 | ||||||
Honda Auto Receivables Owner Trust, Ser 2006-3, Cl A4, 5.014%, 04/15/12 | 1,210 | 1,239 | ||||||
3,773 | ||||||||
Collateralized Loan Obligations ABS (0.5%) | ||||||||
Commercial Industrial Finance Corp., Ser 2006-1BA, Cl B2L, 6.599%, 12/22/20(a)(b) | 960 | 567 | ||||||
Marathon CLO Ltd., Ser 2005-2A, Cl D, 7.242%, 12/20/19(a)(b) | 515 | 360 | ||||||
Muir Grove CLO Ltd., Ser 2007-1A, Cl B, 7.348%, 03/25/20(a)(b) | 1,450 | 1,176 | ||||||
2,103 | ||||||||
Credit Card ABS (0.2%) | ||||||||
Citibank Credit Card Issuance Trust, Ser 2008-A7, Cl A7, 4.150%, 07/07/17 | 1,000 | 946 | ||||||
Home Equity ABS (0.3%) | ||||||||
Citifinancial Mortgage Securities, Inc., Ser 2003-1, Cl AF5, 4.282%, 01/25/33(a) | 975 | 962 | ||||||
Utility ABS (1.4%) | ||||||||
Centerpoint Energy Transition Bond Co., Ser 2008-A, Cl A2, 5.234%, 02/01/23(a) | 1,621 | 1,588 | ||||||
CNH Equipment Trust, Ser 2007-C, Cl A3A, 5.210%, 12/15/11 | 1,691 | 1,719 | ||||||
MP Environmental Funding LLC, Ser 2007-A, Cl A1, 4.982%, 07/15/16 | 1,211 | 1,252 | ||||||
PECO Energy Transition Trust, Ser 2000-A, Cl A4, 7.650%, 03/01/10 | 839 | 885 | ||||||
PSE&G Transition Funding LLC, Ser 2001-1, Cl A8, 6.890%, 12/15/17 | 295 | 327 | ||||||
5,771 | ||||||||
Total Asset-Backed Securities | 13,555 | |||||||
Collateralized Mortgage Obligations (17.1%) | ||||||||
Banc of America Commercial Mortgage, Inc., Ser 2004-4, Cl A3, 4.128%, 07/10/42 | 2,375 | 2,345 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2006-2, Cl A4, 5.740%, 05/10/45(a) | 1,674 | 1,691 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2006-4, Cl A4, 5.630%, 07/10/46 | 1,675 | 1,669 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2001-TOP2, Cl A2, 6.480%, 02/15/35 | 2,540 | 2,601 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2006-PW13, Cl A4, 5.540%, 09/11/41 | 1,385 | 1,372 | ||||||
Chase Commercial Mortgage Securities Corp., Ser 2000-3, Cl A2, 7.319%, 10/15/32 | 1,025 | 1,061 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44(a) | 2,995 | 2,990 | ||||||
Commercial Mortgage Pass-Through Certificates, Ser 2005-C6, Cl A5A, 5.116%, 06/10/44(a) | 3,082 | 3,047 |
73
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
Countrywide Alternative Loan Trust, Ser 2006-HY12, Cl A5, 6.174%, 08/25/36(a) | 3,004 | 2,234 | ||||||
Countrywide Home Loans, Ser 2004-J1, Cl 1A1, 4.500%, 01/25/19 | 861 | 809 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2001-CF2, Cl A4, 6.505%, 02/15/34(a) | 762 | 786 | ||||||
Fannie Mae, Ser 2005-20, Cl PC, 5.000%, 07/25/24 | 1,007 | 1,018 | ||||||
Fannie Mae, Ser 2007-77, Cl TD, 5.500%, 01/25/36 | 1,021 | 993 | ||||||
Fannie Mae, Ser 2007-79, Cl TD, 5.000%, 01/25/34 | 1,150 | 1,091 | ||||||
Freddie Mac, Ser 3134, Cl PA, 5.000%, 09/15/18 | 761 | 774 | ||||||
Freddie Mac, Ser 3347, Cl AK, 5.000%, 07/15/37 | 2,827 | 2,890 | ||||||
Freddie Mac, Ser 3349, Cl HE, 5.500%, 07/15/36 | 1,870 | 1,884 | ||||||
Freddie Mac. Ser 2966, Cl NW, 5.069%, 08/15/25 | 1,191 | 1,209 | ||||||
GE Capital Commercial Mortgage Corp., Ser 2000-1, Cl A2, 6.496%, 01/15/33 | 2,093 | 2,142 | ||||||
GE Capital Commercial Mortgage Corp., Ser 2006-C1, Cl A4, 5.340%, 03/10/44(a) | 2,450 | 2,423 | ||||||
Ginnie Mae, Ser 2007-27, Cl NV, 5.500%, 04/20/36 | 1,342 | 1,353 | ||||||
Ginnie Mae, Ser 2007-41, Cl PB, 5.500%, 09/20/36 | 1,428 | 1,421 | ||||||
GMAC Commercial Mortgage Securities, Inc., Ser 2001-C1, Cl A2, 6.465%, 04/15/34 | 1,027 | 1,051 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2006-GG7, Cl A4, 5.911%, 07/10/38(a) | 2,439 | 2,490 | ||||||
GS Mortgage Securities Corp. II, Ser 2006-GG6, Cl A2, 5.506%, 04/10/38(a) | 4,556 | 4,533 | ||||||
GS Mortgage Securities Corp. II, Ser 2006-GG8, Cl A4, 5.560%, 11/10/39(a) | 1,200 | 1,188 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP4, Cl A4, 4.918%, 10/15/42(a) | 701 | 684 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP5, Cl A4, 5.179%, 12/15/44(a) | 2,115 | 2,109 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-LDP6, Cl A4, 5.475%, 04/15/43(a) | 1,235 | 1,221 | ||||||
JPMorgan Commercial Mortgage Finance Co., Ser 2000-C10, Cl A2, 7.371%, 08/15/32 | 1,832 | 1,887 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2, 6.510%, 12/15/26(a) | 1,181 | 1,211 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4, 5.197%, 11/15/30(a) | 878 | 873 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl A4, 5.228%, 02/15/31 | 2,430 | 2,366 |
74
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
LB-UBS Commercial Mortgage Trust, Ser 2006-C3, Cl A4, 5.661%, 03/15/39(a) | 1,340 | 1,344 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-1, Cl A4, 5.427%, 02/12/39(a) | 1,860 | 1,847 | ||||||
Morgan Stanley Capital I, Ser 2006-HQ10, Cl A4, 5.328%, 11/12/41(a) | 2,705 | 2,637 | ||||||
Morgan Stanley Dean Witter Capital I, Ser 2001-TOP1, Cl A4, 6.660%, 02/15/33 | 1,875 | 1,938 | ||||||
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C21, Cl A4, 5.210%, 10/15/44(a) | 2,696 | 2,707 | ||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S5, Cl 2A, 5.000%, 06/25/18(a) | 897 | 898 | ||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S7, Cl A1, 4.500%, 08/25/18 | 988 | 957 | ||||||
Total Collateralized Mortgage Obligations | 69,744 | |||||||
Corporate Bonds (39.3%) | ||||||||
Aerospace/Defense (1.0%) | ||||||||
Boeing Co. (The), 5.125%, 02/15/13 | 1,419 | 1,487 | ||||||
Lockheed Martin Corp., 4.121%, 03/14/13 | 1,161 | 1,163 | ||||||
United Technologies Corp., 4.875%, 05/01/15 | 1,230 | 1,252 | ||||||
3,902 | ||||||||
Airlines (0.4%) | ||||||||
Delta Air Lines, Inc., Cl A, 6.821%, 08/10/22(c) | 1,855 | 1,789 | ||||||
Auto Manufacturers (0.4%) | ||||||||
DaimlerChrysler NA Holding Corp., 8.500%, 01/18/31 | 1,268 | 1,450 | ||||||
Banks (3.4%) | ||||||||
Bank of America Corp., 7.400%, 01/15/11 | 3,339 | 3,575 | ||||||
Bank of America Corp., 5.375%, 09/11/12 | 1,920 | 1,997 | ||||||
Bank of New York Mellon, Ser G, 4.950%, 11/01/12 | 1,848 | 1,893 | ||||||
Bank of New York Mellon, Ser G, MTN, 4.500%, 04/01/13 | 814 | 820 | ||||||
Wachovia Corp., 5.300%, 10/15/11 | 1,961 | 1,980 | ||||||
Wachovia Corp., Ser G, 5.750%, 02/01/18 | 923 | 904 | ||||||
Wells Fargo & Co., 4.375%, 01/31/13 | 2,640 | 2,627 | ||||||
13,796 | ||||||||
Beverages (1.8%) | ||||||||
Anheuser-Busch Cos., Inc., 6.450%, 09/01/37 | 1,637 | 1,767 | ||||||
Coca-Cola Co., 5.350%, 11/15/17 | 2,362 | 2,465 | ||||||
Diageo Capital PLC, 5.200%, 01/30/13 | 943 | 975 | ||||||
SABMiller PLC, 6.200%, 07/01/11(c) | 1,853 | 1,970 | ||||||
7,177 | ||||||||
Building Materials (0.4%) | ||||||||
Lafarge SA, 6.150%, 07/15/11 | 993 | 1,013 | ||||||
Martin Marietta Materials, Inc., 6.250%, 05/01/37 | 836 | 736 | ||||||
1,749 | ||||||||
Chemicals (0.3%) | ||||||||
Potash Corp. of Saskatchewan, Inc., 5.875%, 12/01/36 | 1,363 | 1,256 | ||||||
Commercial Services (0.9%) | ||||||||
Caterpillar Financial Services Corp., Ser F, 5.850%, 09/01/17 | 616 | 638 |
75
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Commercial Services—continued | ||||||||
ERAC USA Finance Co., 5.800%, 10/15/12(c) | 1,225 | 1,167 | ||||||
ERAC USA Finance Co., 5.600%, 05/01/15(c) | 1,148 | 1,024 | ||||||
Xerox Corp., 5.500%, 05/15/12 | 908 | 916 | ||||||
3,745 | ||||||||
Computers (0.6%) | ||||||||
Dell, Inc., 7.100%, 04/15/28 | 443 | 465 | ||||||
Hewlett-Packard Co., 4.500%, 03/01/13 | 804 | 816 | ||||||
IBM Corp., 5.700%, 09/14/17 | 783 | 820 | ||||||
IBM Corp., 5.875%, 11/29/32 | 340 | 334 | ||||||
2,435 | ||||||||
Consumer Staples (0.3%) | ||||||||
Kellogg Co., 4.250%, 03/06/13 | 1,190 | 1,186 | ||||||
Diversified Financial Services (10.1%) | ||||||||
ABX Financing Co., 6.350%, 10/15/36(c) | 873 | 842 | ||||||
American Express Co., 6.150%, 08/28/17(d) | 1,189 | 1,184 | ||||||
Citigroup, Inc., 5.125%, 05/05/14(d) | 1,344 | 1,313 | ||||||
Citigroup, Inc., 6.000%, 08/15/17 | 623 | 614 | ||||||
Citigroup, Inc., 5.850%, 12/11/34 | 542 | 471 | ||||||
Citigroup, Inc., 6.875%, 03/05/38 | 756 | 756 | ||||||
Credit Suisse (USA), Inc., 6.125%, 11/15/11 | 1,320 | 1,395 | ||||||
Credit Suisse (USA), Inc., 6.500%, 01/15/12 | 692 | 736 | ||||||
Fund American Cos., Inc., 5.875%, 05/15/13 | 2,245 | 2,340 | ||||||
General Electric Capital Corp., Ser A, 5.450%, 01/15/13 | 1,563 | 1,637 | ||||||
Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 | 2,055 | 1,998 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 1,906 | 1,887 | ||||||
HSBC Finance Corp., 6.375%, 01/01/49 | 1,280 | 1,296 | ||||||
HSBC Holdings PLC, 7.625%, 05/17/32 | 774 | 822 | ||||||
International Lease Finance Corp., Ser Q, 5.250%, 01/10/13 | 679 | 665 | ||||||
International Lease Finance Corp., Ser R, 5.625%, 09/15/10 | 1,377 | 1,388 | ||||||
International Lease Finance Corp., Ser R, 5.625%, 09/20/13 | 456 | 447 | ||||||
Janus Capital Group, Inc., 5.875%, 09/15/11 | 783 | 793 | ||||||
Jefferies Group, Inc., 6.450%, 06/08/27 | 1,047 | 841 | ||||||
JPMorgan Chase & Co., 6.625%, 03/15/12 | 2,749 | 2,923 | ||||||
JPMorgan Chase & Co., 5.375%, 10/01/12 | 1,843 | 1,914 | ||||||
Lazard Group LLC, 7.125%, 05/15/15 | 2,326 | 2,262 | ||||||
Lehman Brothers Holdings, Inc., MTN, 5.625%, 01/24/13 | 2,416 | 2,349 | ||||||
Merrill Lynch & Co., Inc., 5.770%, 07/25/11 | 2,090 | 2,117 | ||||||
Merrill Lynch & Co., Inc., Ser C, MTN, 6.050%, 08/15/12 | 1,119 | 1,137 | ||||||
Morgan Stanley, 5.300%, 03/01/13 | 3,029 | 3,019 | ||||||
Northern Trust Co., 5.200%, 11/09/12 | 2,158 | 2,276 | ||||||
TIAA Global Markets, 5.125%, 10/10/12(c) | 1,515 | 1,567 | ||||||
40,989 | ||||||||
Electric (2.6%) | ||||||||
CenterPoint Energy, Inc., Ser A-4, 5.170%, 08/01/19 | 1,353 | 1,356 | ||||||
Enel Finance International, 6.800%, 09/15/37(c) | 1,497 | 1,510 |
76
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Electric—continued | ||||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 1,441 | 1,428 | ||||||
MidAmerican Energy Holdings Co., 6.125%, 04/01/36 | 1,303 | 1,259 | ||||||
Nevada Power Co., Ser L, 5.875%, 01/15/15 | 456 | 447 | ||||||
Nevada Power Co., Ser R, 6.750%, 07/01/37 | 974 | 934 | ||||||
Oncor Electric Delivery Co., 7.000%, 05/01/32 | 856 | 806 | ||||||
Pacific Gas & Electric Co., 6.050%, 03/01/34 | 1,411 | 1,383 | ||||||
Public Service Colorado, Ser 17, 6.250%, 09/01/37 | 780 | 812 | ||||||
Wisconsin Power & Light Co., 6.375%, 08/15/37 | 793 | 814 | ||||||
10,749 | ||||||||
Insurance (0.9%) | ||||||||
American International Group, Ser G, 5.600%, 10/18/16 | 2,442 | 2,395 | ||||||
Metlife, Inc., 5.700%, 06/15/35 | 295 | 262 | ||||||
Travelers Cos., Inc. (The), 5.375%, 06/15/12 | 963 | 999 | ||||||
3,656 | ||||||||
Machinery Diversified (0.1%) | ||||||||
Caterpillar, Inc., 6.050%, 08/15/36 | 254 | 260 | ||||||
Media (1.3%) | ||||||||
News America Holdings, Inc., 6.200%, 12/15/34 | 679 | 647 | ||||||
Time Warner Cable, Inc., 5.850%, 05/01/17 | 3,560 | 3,408 | ||||||
Time Warner, Inc., 6.500%, 11/15/36 | 840 | 770 | ||||||
Viacom, Inc., 6.125%, 10/05/17 | 325 | 317 | ||||||
5,142 | ||||||||
Miscellaneous Manufacturer (2.2%) | ||||||||
Clorox Co., 5.450%, 10/15/12 | 609 | 627 | ||||||
General Electric Co., 5.000%, 02/01/13 | 3,672 | 3,804 | ||||||
General Electric Co., 5.250%, 12/06/17 | 1,107 | 1,106 | ||||||
Kimberly-Clark Corp., 6.125%, 08/01/17 | 2,138 | 2,310 | ||||||
Siemens Financierings NV, 6.125%, 08/17/26(c) | 1,006 | 982 | ||||||
8,829 | ||||||||
Oil & Gas (2.5%) | ||||||||
Air Products & Chemicals, Inc., 4.150%, 02/01/13 | 967 | 968 | ||||||
Apache Corp., 6.000%, 01/15/37 | 823 | 831 | ||||||
ConocoPhillips, 5.900%, 10/15/32 | 602 | 615 | ||||||
Enterprise Products Operating LP, Ser B, 5.750%, 03/01/35(d) | 993 | 859 | ||||||
Praxair, Inc., 4.625%, 03/30/15 | 2,500 | 2,526 | ||||||
Transocean, Inc., 6.000%, 03/15/18 | 599 | 616 | ||||||
Transocean, Inc., 6.800%, 03/15/38 | 1,284 | 1,312 | ||||||
Weatherford International, Inc., 6.500%, 08/01/36 | 916 | 873 | ||||||
Western Oil Sands, Inc., 8.375%, 05/01/12 | 1,525 | 1,713 | ||||||
10,313 | ||||||||
Pharmaceuticals (3.1%) | ||||||||
Abbott Laboratories, 5.600%, 11/30/17 | 2,955 | 3,091 | ||||||
AstraZeneca PLC, 6.450%, 09/15/37 | 2,430 | 2,607 | ||||||
Covidien International Finance SA, 6.000%, 10/15/17(c) | 1,760 | 1,814 | ||||||
Johnson & Johnson, 5.550%, 08/15/17 | 2,159 | 2,331 | ||||||
Merck & Co., Inc., 5.125%, 11/15/11 | 967 | 1,023 |
77
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Pharmaceuticals—continued | ||||||||
Schering-Plough Corp., 6.550%, 09/15/37 | 1,184 | 1,140 | ||||||
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36 | 613 | 598 | ||||||
12,604 | ||||||||
Pipelines (1.8%) | ||||||||
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 | 1,191 | 1,323 | ||||||
Colonial Pipeline Co., 6.375%, 08/01/37(c) | 1,680 | 1,656 | ||||||
El Paso Natural Gas, 5.950%, 04/15/17 | 650 | 638 | ||||||
Energy Transfer Partners, 7.500%, 07/01/38 | 1,774 | 1,779 | ||||||
Southern Natural Gas Co., 5.900%, 04/01/17(c)(d) | 445 | 435 | ||||||
Trans-Canada Pipelines, 6.200%, 10/15/37 | 1,610 | 1,552 | ||||||
7,383 | ||||||||
Retail (1.8%) | ||||||||
J.C. Penney Corp., Inc., 5.750%, 02/15/18 | 284 | 262 | ||||||
Tesco PLC, 5.500%, 11/15/17(c) | 2,060 | 2,102 | ||||||
Wal-Mart Stores, Inc., 5.250%, 09/01/35 | 492 | 435 | ||||||
Wal-Mart Stores, Inc., 6.500%, 08/15/37 | 4,505 | 4,730 | ||||||
7,529 | ||||||||
Software (0.1%) | ||||||||
Intuit, Inc., 5.750%, 03/15/17 | 373 | 361 | ||||||
Telecommunication Services (2.9%) | ||||||||
AT&T, Inc., 4.950%, 01/15/13 | 1,738 | 1,744 | ||||||
AT&T, Inc., 5.100%, 09/15/14 | 1,548 | 1,538 | ||||||
AT&T, Inc., 6.450%, 06/15/34 | 947 | 925 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 1,913 | 1,979 | ||||||
Comcast Corp., 6.450%, 03/15/37 | 856 | 807 | ||||||
Rogers Wireless, Inc., 7.500%, 03/15/15 | 890 | 935 | ||||||
Verizon Communications, Inc., 5.550%, 02/15/16 | 1,337 | 1,330 | ||||||
Vodafone Group PLC, 5.500%, 06/15/11(d) | 2,464 | 2,506 | ||||||
11,764 | ||||||||
Transportation (0.4%) | ||||||||
United Parcel Service, Inc., 4.500%, 01/15/13 | 1,787 | 1,851 | ||||||
Total Corporate Bonds | 159,915 | |||||||
U.S. Government Agencies (0.6%) | ||||||||
Fannie Mae (0.4%) | ||||||||
3.250%, 02/15/09(d) | 1,000 | 1,008 | ||||||
5.125%, 01/02/14 | 500 | 519 | ||||||
1,527 | ||||||||
Freddie Mac (0.2%) | ||||||||
4.050%, 11/17/09 | 700 | 720 | ||||||
Total U.S. Government Agencies | 2,247 | |||||||
U.S. Government Agency Mortgages (9.5%) | ||||||||
Fannie Mae (3.9%) | ||||||||
5.000%, 04/15/20 | 12,084 | 12,197 | ||||||
5.500%, 09/01/34 | 414 | 419 | ||||||
5.397%, 06/25/36 | 3,052 | 3,153 | ||||||
15,769 | ||||||||
Freddie Mac (5.6%) | ||||||||
4.500%, 04/17/23 | 8,103 | 8,052 | ||||||
5.500%, 07/15/27 | 1,864 | 1,919 | ||||||
5.500%, 11/15/28 | 3,327 | 3,437 | ||||||
5.500%, 05/15/29 | 3,372 | 3,480 | ||||||
5.500%, 01/15/30 | 5,283 | 5,459 | ||||||
22,347 | ||||||||
Ginnie Mae ( — %) | ||||||||
7.000%, 04/15/13 | 141 | 148 | ||||||
7.000%, 08/15/14 | 96 | 101 | ||||||
7.000%, 05/15/31 | 55 | 59 | ||||||
308 | ||||||||
Total U.S. Government Agency Mortgages | 38,424 | |||||||
U.S. Treasury Obligations (22.0%) | ||||||||
U.S. Treasury Bond (2.8%) | ||||||||
4.750%, 02/15/37 | 10,746 | 11,558 | ||||||
78
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Treasury Notes (19.2%) | ||||||||
3.125%, 10/15/08 | 1,000 | 1,009 | ||||||
4.250%, 10/15/10(d) | 9,757 | 10,391 | ||||||
4.375%, 12/15/10(d) | 22,135 | 23,701 | ||||||
4.875%, 04/30/11 | 2,689 | 2,930 | ||||||
4.125%, 08/31/12 | 16,458 | 17,655 | ||||||
3.625%, 12/31/12(d) | 6,577 | 6,930 | ||||||
3.500%, 02/15/18(d) | 12,982 | 13,057 | ||||||
5.000%, 05/15/37(d) | 2,185 | 2,444 | ||||||
78,117 | ||||||||
Total U.S. Treasury Obligations | 89,675 | |||||||
Municipal Bonds (3.5%) | ||||||||
California State Department Water Resource Power Supply, Ser A, RB, 5.500%, 05/01/16, Prerefunded 05/01/12 @ 101, AMBAC | 580 | 645 | ||||||
Chicago Illinois Board of Education, Ser C, GO, 5.000%, 12/01/31, Prerefunded 12/01/11 @ 100, FSA | 730 | 791 | ||||||
Cincinnati Ohio City School District, Classroom Facilities Construction & Improvement, GO, 5.000%, 12/01/31, Prerefunded 12/01/13 @ 100, FSA | 1,385 | 1,525 | ||||||
Clark County Washington School District No. 37, Vancouver, Ser B, GO, 5.750%, 12/01/15, Prerefunded 12/01/11 @ 100, SBG | 770 | 853 | ||||||
Indianapolis Local Public Improvement Bond Bank, Waterworks Project, Ser A, RB, 5.250%, 07/01/33, Prerefunded 07/01/12 @ 100, MBIA | 2,005 | 2,194 | ||||||
Lincoln Nebraska Electricity System, RB, 5.250%, 09/01/17, Prerefunded 09/01/11 @ 100 | 1,180 | 1,282 | ||||||
Metropolitan Transportation Authority, Ser B, RB, 5.250%, 11/15/32, Prerefunded 11/15/13 @ 100 | 1,440 | 1,609 | ||||||
Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.125%, 07/15/23, Prerefunded 07/15/11 @ 101, AMBAC | 1,115 | 1,210 | ||||||
San Antonio Independent School District Building, Ser A, GO, 5.000%, 08/15/31, Prerefunded 08/15/11 @ 100, PSF-GTD | 1,800 | 1,938 | ||||||
Tacoma Washington Electiric Systems, Ser A, RB, 5.750%, 01/01/18, Prerefunded 01/01/11 @ 101, FSA | 680 | 744 | ||||||
University of Texas Permanent University Fund, Ser B, RB, 4.750%, 07/01/30, Prerefunded 07/01/14 @ 100 | 1,370 | 1,492 | ||||||
Total Municipal Bonds | 14,283 | |||||||
Short-Term Investments (14.4%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(e) | 58,662,000 | 58,662 | ||||||
Total Short Term Investments | 58,662 | |||||||
79
Investment Grade Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (10.4%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(f) | 42,513,760 | 42,514 | ||||||
Total Money Market Fund | 42,514 | |||||||
Total Investments (Cost $483,772)(g) — 120.1% | 489,019 | |||||||
Liabilities in excess of other assets — (20.1)% | (81,705 | ) | ||||||
Net Assets — 100.0% | $ | 407,314 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2008 are identified below (in thousands): |
Issue | Acquisition | Cost | Par | Value | Percent of | |||||||||||||||
Description | Date | ($) | ($) | ($) | Net Assets(%) | |||||||||||||||
Commercial Industrial Finance Corp. | 07/20/07 | 683 | 960 | 567 | 0.14 | |||||||||||||||
Marathon CLO Ltd. | 07/19/07 | 412 | 515 | 360 | 0.08 | |||||||||||||||
Muir Grove CLO Ltd. | 9/25/2007 | 1,445 | 1,450 | 1,176 | 0.29 |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 4.3% of net assets as of March 31, 2008. | |
(d) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $56,954. | |
(e) | This security was purchased with cash collateral held from securities lending. | |
(f) | Affiliate investment. | |
(g) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
MTN | — Medium Term Note | |
RB | — Revenue Bond | |
SBG | — School Board Guaranty |
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Republic of Brazil | Citibank N.A. | 800 | 2.10 | 03/20/13 | 15 | |||||||||||||
Brunswick Corp. | Merrill Lynch | (740 | ) | 1.15 | 03/20/17 | 83 | ||||||||||||
Centex Corp. | Credit Suisse First Boston | (740 | ) | 2.65 | 09/20/17 | 55 | ||||||||||||
Gannett Co. | Citibank N.A. | (740 | ) | 0.81 | 06/20/17 | 72 | ||||||||||||
Istar Financial, Inc. | Citibank N.A. | (740 | ) | 0.70 | 03/20/17 | 218 | ||||||||||||
Aetna, Inc | Merrill Lynch | (535 | ) | 1.43 | 06/20/13 | (13 | ) | |||||||||||
Dow Jones CDX Indicies; Series 10 | Barclays Bank PLC | 8,685 | 1.55 | 06/20/13 | 53 | |||||||||||||
Colombian Government | Merrill Lynch | 395 | 1.68 | 01/20/13 | (7 | ) | ||||||||||||
Carnival Corp. | JPMorgan | (645 | ) | 0.70 | 09/20/17 | 33 | ||||||||||||
Dow Chemical Co. | Barclays Bank PLC | (740 | ) | 0.67 | 09/20/17 | 14 | ||||||||||||
Norfolk Southern Corp. | JPMorgan | (535 | ) | 0.73 | 06/20/13 | (3 | ) | |||||||||||
Valero Energy Corp. | Morgan Stanley | (535 | ) | 1.29 | 06/20/13 | (3 | ) | |||||||||||
UBS AG | Morgan Stanley | (535 | ) | 1.80 | 06/20/13 | (11 | ) | |||||||||||
506 | ||||||||||||||||||
80
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Investment Grade Bond Fund — concluded
Notional | (Pay)/Receive | Fixed | Expiration | |||||||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Floating Rate | Rate(%) | Date | Value($) | ||||||||||||||||||
2-Year New Zealand Bill | UBS | 2,172 | Receive | 8.55 | 2/26/2010 | 10 | ||||||||||||||||||
26X1 TIIE | Citi | 4,726 | Receive | 7.55 | 3/2/2010 | 2 | ||||||||||||||||||
2-Year New Zealand Bill | UBS | 2,112 | Receive | 8.39 | 3/6/2010 | 4 | ||||||||||||||||||
5-Year CLP | Barclays Capital | 1,126 | Receive | 6.42 | 1/25/2013 | (46 | ) | |||||||||||||||||
(30 | ) | |||||||||||||||||||||||
Contract | ||||||||||||||||||||
Amount | Contract | Unrealized | ||||||||||||||||||
Delivery | in Local | Value | Market | Appreciation | ||||||||||||||||
Currency | Date | Currency | in USD($) | Value($) | (Depreciation)($) | |||||||||||||||
Short: | ||||||||||||||||||||
Australian Dollar | 04/29/08 | 466 | 408 | 425 | (17 | ) | ||||||||||||||
Australian Dollar | 05/28/08 | 847 | 776 | 768 | 8 | |||||||||||||||
Australian Dollar | 06/03/08 | 847 | 786 | 768 | 18 | |||||||||||||||
Australian Dollar | 05/28/08 | 866 | 804 | 785 | 19 | |||||||||||||||
Brazilian Real | 04/25/08 | 730 | 412 | 415 | (3 | ) | ||||||||||||||
Brazilian Real | 06/13/08 | 1,370 | 803 | 770 | 33 | |||||||||||||||
Canadian Dollar | 04/23/08 | 5,146 | 5,005 | 5,013 | (8 | ) | ||||||||||||||
Chilean Peso | 04/23/08 | 191,000 | 401 | 437 | (36 | ) | ||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 5,639 | 782 | 834 | (52 | ) | ||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 8,458 | 1,173 | 1,251 | (78 | ) | ||||||||||||||
Euro | 04/11/08 | 269 | 390 | 425 | (35 | ) | ||||||||||||||
Euro | 05/19/08 | 3,428 | 4,990 | 5,401 | (411 | ) | ||||||||||||||
Euro | 06/03/08 | 267 | 408 | 421 | (13 | ) | ||||||||||||||
Euro | 06/03/08 | 524 | 812 | 825 | (13 | ) | ||||||||||||||
British Pound | 04/24/08 | 2,566 | 5,005 | 5,083 | (78 | ) | ||||||||||||||
British Pound | 04/29/08 | 411 | 810 | 814 | (4 | ) | ||||||||||||||
British Pound | 06/03/08 | 401 | 795 | 793 | 2 | |||||||||||||||
British Pound | 06/04/08 | 200 | 395 | 396 | (1 | ) | ||||||||||||||
British Pound | 06/27/08 | 2,517 | 4,990 | 4,959 | 31 | |||||||||||||||
Japanese Yen | 04/16/08 | 42,279 | 395 | 425 | (30 | ) | ||||||||||||||
Japanese Yen | 04/16/08 | 1,058,685 | 9,890 | 10,633 | (743 | ) | ||||||||||||||
Norwegian Krone | 06/04/08 | 2,073 | 399 | 405 | (6 | ) | ||||||||||||||
Norwegian Krone | 06/04/08 | 2,083 | 404 | 407 | (3 | ) | ||||||||||||||
Norwegian Krone | 06/18/08 | 4,103 | 789 | 800 | (11 | ) | ||||||||||||||
New Romanian Leu | 04/11/08 | 997 | 395 | 421 | (26 | ) | ||||||||||||||
New Romanian Leu | 05/15/08 | 2,038 | 800 | 855 | (55 | ) | ||||||||||||||
New Zealand Dollar | 05/22/08 | 1,011 | 790 | 788 | 2 | |||||||||||||||
Turkish Lira | 04/07/08 | 474 | 395 | 355 | 40 | |||||||||||||||
Turkish Lira | 05/13/08 | 1,000 | 800 | 739 | 61 | |||||||||||||||
Turkish Lira | 05/27/08 | 492 | 400 | 362 | 38 | |||||||||||||||
Turkish Lira | 06/04/08 | 1,014 | 805 | 743 | 62 | |||||||||||||||
South African Rand | 05/08/08 | 3,171 | 405 | 388 | 17 | |||||||||||||||
South African Rand | 06/03/08 | 6,103 | 790 | 742 | 48 | |||||||||||||||
Total Short Contracts | $ | 47,402 | $ | 48,646 | $ | (1,244 | ) | |||||||||||||
Long: | ||||||||||||||||||||
Australian Dollar | 04/29/08 | 466 | 405 | 425 | 20 | |||||||||||||||
Australian Dollar | 05/28/08 | 866 | 795 | 785 | (10 | ) | ||||||||||||||
Australian Dollar | 05/28/08 | 847 | 790 | 768 | (22 | ) | ||||||||||||||
Australian Dollar | 06/03/08 | 847 | 795 | 768 | (27 | ) | ||||||||||||||
Australian Dollar | 06/17/08 | 859 | 800 | 777 | (23 | ) | ||||||||||||||
Australian Dollar | 06/17/08 | 862 | 800 | 779 | (21 | ) | ||||||||||||||
Brazilian Real | 04/25/08 | 730 | 400 | 415 | 15 | |||||||||||||||
Brazilian Real | 06/13/08 | 685 | 400 | 385 | (15 | ) | ||||||||||||||
Brazilian Real | 06/13/08 | 684 | 400 | 385 | (15 | ) | ||||||||||||||
Brazilian Real | 06/17/08 | 1,377 | 800 | 774 | (26 | ) | ||||||||||||||
Chilean Peso | 04/23/08 | 191,000 | 400 | 437 | 37 | |||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 8,458 | 1,170 | 1,251 | 81 | |||||||||||||||
Chinese Yuan Renminbi | 07/21/08 | 5,639 | 780 | 834 | 54 | |||||||||||||||
Euro | 04/11/08 | 269 | 395 | 425 | 30 | |||||||||||||||
Euro | 06/03/08 | 524 | 795 | 825 | 30 | |||||||||||||||
Euro | 06/03/08 | 267 | 405 | 421 | 16 | |||||||||||||||
Euro | 05/19/08 | 3,428 | 5,332 | 5,401 | 69 | |||||||||||||||
British Pound | 04/29/08 | 411 | 802 | 814 | 12 | |||||||||||||||
British Pound | 06/03/08 | 401 | 805 | 793 | (12 | ) | ||||||||||||||
British Pound | 06/04/08 | 200 | 401 | 396 | (5 | ) | ||||||||||||||
Japanese Yen | 04/16/08 | 42,279 | 399 | 425 | 26 | |||||||||||||||
Japanese Yen | 04/16/08 | 1,058,685 | 9,980 | 10,633 | 653 | |||||||||||||||
Norwegian Krone | 06/04/08 | 2,073 | 395 | 405 | 10 | |||||||||||||||
Norwegian Krone | 06/04/08 | 2,083 | 400 | 407 | 7 | |||||||||||||||
Norwegian Krone | 06/18/08 | 4,103 | 800 | 800 | 0 | |||||||||||||||
New Romanian Leu | 04/11/08 | 997 | 382 | 421 | 39 | |||||||||||||||
New Romanian Leu | 05/15/08 | 2,038 | 843 | 855 | 12 | |||||||||||||||
New Zealand Dollar | 05/22/08 | 505 | 407 | 394 | (13 | ) | ||||||||||||||
New Zealand Dollar | 05/22/08 | 505 | 401 | 394 | (7 | ) | ||||||||||||||
Peruvian New Sol | 04/23/08 | 1,169 | 400 | 427 | 27 | |||||||||||||||
Peruvian New Sol | 04/23/08 | 1,174 | 405 | 429 | 24 | |||||||||||||||
Turkish Lira | 06/04/08 | 1,014 | 812 | 743 | (69 | ) | ||||||||||||||
Turkish Lira | 04/07/08 | 474 | 394 | 355 | (39 | ) | ||||||||||||||
Turkish Lira | 05/13/08 | 1,000 | 811 | 739 | (72 | ) | ||||||||||||||
Turkish Lira | 05/27/08 | 492 | 393 | 362 | (31 | ) | ||||||||||||||
South African Rand | 05/08/08 | 3,171 | 398 | 388 | (10 | ) | ||||||||||||||
South African Rand | 06/03/08 | 6,103 | 794 | 742 | (52 | ) | ||||||||||||||
Total Long Contracts | $ | 36,084 | $ | 36,777 | $ | 693 | ||||||||||||||
81
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (90.0%) | ||||||||
Alabama (3.5%) | ||||||||
Alabama Public School & College Authority, Capital Improvements, Ser C, RB, 5.750%, 07/01/17, Callable 07/01/09 @ 101.50 | 3,950 | 4,149 | ||||||
Alabama Water Pollution Control Authority, RB, 5.750%, 08/15/12, Callable 08/15/09 @ 100, AMBAC | 5,205 | 5,389 | ||||||
Auburn University, Ser A, RB, 6.000%, 06/01/16, Callable 06/01/11 @ 100, MBIA | 4,060 | 4,395 | ||||||
Huntsville, Ser A, GO, 5.625%, 05/01/16, Callable 05/01/12 @ 102 | 2,375 | 2,638 | ||||||
Huntsville, Ser A, GO, 5.750%, 05/01/19, Callable 05/01/12 @ 102 | 2,800 | 3,064 | ||||||
19,635 | ||||||||
Alaska (0.6%) | ||||||||
Anchorage, Ser B, GO, 5.000%, 12/01/18, Callable 06/01/15 @ 100, MBIA | 3,140 | 3,348 | ||||||
Arizona (2.9%) | ||||||||
Arizona Water Infrastructure Finance Authority, Water Quality, Ser A, RB, 5.625%, 10/01/12, Callable 10/01/09 @ 101 | 3,280 | 3,447 | ||||||
Chandler, GO, 5.000%, 07/01/19, Callable 07/01/17 @ 100 | 5,900 | 6,385 | ||||||
Salt River Project Agricultural Improvement & Power District Electric System, Ser A, RB, 5.000%, 01/01/10 | 3,970 | 4,150 | ||||||
Salt River Project Agricultural Improvement & Power District Electric System, Ser A, RB, 5.000%, 01/01/20, Callable 01/01/18 @ 100 | 2,000 | 2,137 | ||||||
16,119 | ||||||||
California (9.6%) | ||||||||
California State Department of Water Resources Power Supply, Ser A, RB, 5.500%, 05/01/14, Callable 05/01/12 @ 101, AMBAC | 3,140 | 3,415 | ||||||
California State Department of Water Resources Power Supply, Ser A, RB, 5.500%, 05/01/15, Callable 05/01/12 @ 101, AMBAC | 5,800 | 6,240 | ||||||
California State Economic Recovery, Ser A, GO, 5.000%, 01/01/10 | 7,460 | 7,786 | ||||||
California State Economic Recovery, Ser B, GO, 5.000%, 07/01/23, Mandatory Put 03/01/11 | 5,000 | 5,261 | ||||||
California State, Department of Water Resources Power Supply, Ser A, RB, 6.000%, 05/01/14, Callable 05/01/12 @ 101 | 2,950 | 3,280 | ||||||
California State, GO, 5.500%, 11/01/33, Callable 11/01/13 @ 100 | 11,000 | 11,218 | ||||||
Fresno Unified School District, Ser A, GO, 6.550%, 08/01/20, Callable 02/01/13 @ 103, MBIA | 1,000 | 1,136 |
82
Investment Grade Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
California—continued | ||||||||
Los Angeles Unified School District, Ser A-1, GO, 4.500%, 07/01/25, Callable 07/01/17 @ 100, MBIA | 5,500 | 5,326 | ||||||
Orange County, Loma Ridge/Data Center Project, COP, 6.000%, 06/01/21, Prerefunded 06/01/19 @ 100, AMBAC | 2,075 | 2,367 | ||||||
Port of Oakland, Ser K, RB, AMT, 5.750%, 11/01/22, Callable 05/01/10 @ 100, FGIC | 8,160 | 8,220 | ||||||
54,249 | ||||||||
Colorado (1.9%) | ||||||||
Denver City & County Airport, Ser A, RB, AMT, 5.500%, 11/15/14, Callable 11/15/11 @ 100, FGIC | 5,000 | 5,187 | ||||||
Douglas County School District No. RE1, Douglas & Ebert Counties, GO, 5.750%, 12/15/20, Callable 12/15/14 @ 100, FGIC | 2,540 | 2,800 | ||||||
Metropolitan Wastewater Reclamation District, RB, 5.450%, 04/01/12, Callable 04/01/08 @ 100 | 2,570 | 2,576 | ||||||
10,563 | ||||||||
Florida (2.3%) | ||||||||
Orange County Health Facilities Authority, RB, 5.000%, 01/01/29, Prerefunded 01/01/15 @ 100 | 6,710 | 7,391 | ||||||
Orlando Utilities Commission, RB, 5.250%, 10/01/19, Callable 10/01/11 @ 101 | 2,500 | 2,629 | ||||||
Palm Beach County School Board, Ser B, COP, 5.000%, 08/01/25, Callable 08/01/11 @ 100, FGIC | 3,000 | 3,085 | ||||||
13,105 | ||||||||
Georgia (6.0%) | ||||||||
Atlanta Airport, Ser C, RB, AMT, 6.250%, 01/01/13, Callable 01/01/10 @ 101, FGIC | 8,170 | 8,528 | ||||||
Georgia State Road & Tollway Authority, Ser A, RB, 5.000%, 06/01/11 | 10,050 | 10,752 | ||||||
Georgia State, Ser B, GO, 5.000%, 07/01/17, Callable 07/01/15 @ 100 | 2,000 | 2,175 | ||||||
Gwinnett County School District, GO, 5.000%, 02/01/11 | 11,800 | 12,592 | ||||||
34,047 | ||||||||
Illinois (9.0%) | ||||||||
Grundy Kendall & Will Counties Community School District No. 201, GO, 5.750%, 10/15/21, Callable 10/15/18 @ 100, Assured Guaranty | 4,500 | 4,993 | ||||||
Illinois Municipal Electric Agency Power Supply, RB, 5.250%, 02/01/21, Callable 02/01/17 @ 100, FGIC | 5,420 | 5,620 | ||||||
Illinois State Sales Tax, Ser X, RB, 5.500%, 06/15/13, Callable 06/15/08 @ 100.50 | 3,390 | 3,432 | ||||||
Illinois State Toll Highway Authority, RB, 5.000%, 01/01/19, Callable 07/01/15 @ 100, FSA | 6,400 | 6,766 |
83
Investment Grade Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Illinois—continued | ||||||||
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/18, Callable 07/01/15 @ 100, FSA | 7,460 | 7,954 | ||||||
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/20, Callable 07/01/16 @ 100, FSA | 2,500 | 2,635 | ||||||
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/24, Callable 07/01/16 @ 100, FSA | 7,000 | 7,171 | ||||||
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/26, Callable 07/01/16 @ 100, FSA | 2,500 | 2,770 | ||||||
Illinois State, First Ser, GO, 5.375%, 12/01/15, Callable 12/01/12 @ 100, FSA | 8,600 | 9,397 | ||||||
50,738 | ||||||||
Kansas (1.8%) | ||||||||
Johnson County Unified School District No. 229, Ser A, GO, 5.000%, 10/01/11, MBIA | 4,670 | 5,027 | ||||||
Lenexa, Refunding & Improvements, Ser A, GO, 5.000%, 09/01/09, FSA | 5,115 | 5,313 | ||||||
10,340 | ||||||||
Maryland (9.3%) | ||||||||
Anne Arundel County, General Improvement, GO, 5.000%, 03/01/14 | 2,000 | 2,197 | ||||||
Baltimore County, GO, 5.000%, 02/01/16 | 8,000 | 8,858 | ||||||
Maryland State & Local Facilities, Second Ser, GO, 5.000%, 07/15/09, Callable 07/15/08 @ 101 | 8,055 | 8,202 | ||||||
Maryland State & Local Facilities, Second Ser, GO, 5.000%, 08/01/18, Callable 08/01/13 @ 100 | 7,005 | 7,397 | ||||||
Maryland State & Local Facilities, Ser 1, GO, 5.000%, 03/01/16 | 6,720 | 7,444 | ||||||
Maryland State Department of Transportation Consolidated Transportation, RB, 5.000%, 02/15/16 | 6,000 | 6,598 | ||||||
Maryland State, Capital Improvement, Ser A, GO, 5.000%, 02/15/18, Callable 02/15/15 @ 100 | 10,625 | 11,429 | ||||||
52,125 | ||||||||
Massachusetts (1.8%) | ||||||||
Massachusetts State, Consolidated Lien, Ser A, GO, 5.000%, 03/01/21, Prerefunded 03/01/15 @ 100 | 4,000 | 4,416 | ||||||
Massachusetts State, Consolidated Lien, Ser A, GO, 5.000%, 03/01/23, Prerefunded 03/01/15 @ 100, FSA | 5,000 | 5,521 | ||||||
9,937 | ||||||||
Michigan (3.3%) | ||||||||
Detroit Water Supply System, Ser A, RB, 5.750%, 07/01/26, Prerefunded 01/01/10 @ 101, FGIC | 6,265 | 6,696 | ||||||
Kent Hospital Finance Authority, Spectrum Health, Ser A, RB, 5.000%, 01/15/47 | 3,000 | 3,080 | ||||||
Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.375%, 10/01/17, Callable 10/01/12 @ 100 | 3,300 | 3,583 |
84
Investment Grade Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Michigan—continued | ||||||||
Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/26, Callable 10/01/14 @ 100 | 5,100 | 5,182 | ||||||
18,541 | ||||||||
Missouri (0.9%) | ||||||||
Missouri State Highways & Transportation Commission, RB, 5.000%, 02/01/15 | 4,750 | 5,220 | ||||||
New Jersey (4.0%) | ||||||||
Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/18, Callable 11/01/15 @ 100, FSA | 8,000 | 9,106 | ||||||
Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/20, Callable 11/01/15 @ 100, FSA | 10,000 | 11,279 | ||||||
Newark Housing Authority Port, RB, 5.000%, 01/01/37, Prerefunded 01/10/14 @ 100, MBIA | 1,800 | 1,977 | ||||||
22,362 | ||||||||
New Mexico (1.0%) | ||||||||
New Mexico Finance Authority State Transportation, RB, 5.000%, 06/15/11, AMBAC | 5,500 | 5,888 | ||||||
New York (10.7%) | ||||||||
Buffalo School Improvements, Ser D, GO, 5.500%, 12/15/14, Callable 12/15/11 @ 100, FGIC | 1,075 | 1,160 | ||||||
Metropolitan Transportation Authority, Service Contract, Ser A, RB, 5.500%, 07/01/20, Callable 07/01/12 @ 100, MBIA | 4,500 | 4,772 | ||||||
New York State Local Government Assistance Corp., Ser A, RB, 5.000%, 04/01/20, Callable 04/01/18 @ 100 | 7,000 | 7,464 | ||||||
New York, Ser G, GO, 5.000%, 08/01/19, Callable 02/01/16 @ 100, AMBAC | 22,500 | 23,864 | ||||||
Tobacco Settlement Financing Corp., Ser A1, RB, 5.250%, 06/01/13, Callable 06/01/08 @ 100 | 10,000 | 10,025 | ||||||
Tobacco Settlement Financing Corp., Ser A1, RB, 5.500%, 06/01/14, Callable 06/01/09 @ 100 | 3,750 | 3,821 | ||||||
Tobacco Settlement Financing Corp., Ser C1, RB, 5.250%, 06/01/12, Callable 06/01/08 @ 100 | 1,995 | 1,998 | ||||||
Triborough Bridge & Tunnel Authority, Ser A, RB, 5.000%, 11/15/24, Callable 11/15/16 @ 100 | 6,715 | 6,909 | ||||||
60,013 | ||||||||
North Carolina (2.5%) | ||||||||
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/14, MBIA | 4,500 | 4,921 | ||||||
North Carolina State, GO, 5.000%, 05/01/16, Callable 05/01/13 @ 100 | 3,500 | 3,775 | ||||||
North Carolina State, Ser A, GO, 5.000%, 06/01/18, Callable 06/01/16 @ 100 | 5,000 | 5,433 | ||||||
14,129 | ||||||||
85
Investment Grade Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Pennsylvania (3.9%) | ||||||||
Easton Area School District, Ser 2006, GO, 7.750%, 04/01/25, Callable 04/01/16 @ 100, FSA | 8,790 | 10,692 | ||||||
Pennsylvania State Projects, First Ser, GO, 5.250%, 02/01/13, MBIA | 5,755 | 6,330 | ||||||
Pennsylvania State, Second Ser, GO, 5.000%, 03/01/10 | 4,605 | 4,831 | ||||||
21,853 | ||||||||
Puerto Rico (3.1%) | ||||||||
Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC | 5,000 | 5,192 | ||||||
Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/17, Callable 07/01/13 @ 100, FGIC | 5,260 | 5,391 | ||||||
Puerto Rico Commonwealth Highway & Transportation Authority, Ser G, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC | 2,720 | 2,887 | ||||||
Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, FSA | 4,000 | 4,276 | ||||||
17,746 | ||||||||
Tennessee (0.4%) | ||||||||
Hamilton County, GO, 5.000%, 03/01/11 | 2,000 | 2,132 | ||||||
Texas (7.5%) | ||||||||
Dallas, GO, 5.000%, 02/15/17, Callable 02/15/15 @ 100 | 5,700 | 6,177 | ||||||
Dallas, GO, 5.000%, 02/15/18, Callable 02/15/15 @ 100 | 7,175 | 7,623 | ||||||
Irving Waterworks & Sewer, RB, 5.950%, 06/15/19, Prerefunded 06/15/09 @ 100.50 | 1,460 | 1,540 | ||||||
North Harris County Regional Water Authority, RB, 5.250%, 12/15/18, Callable 12/15/14 @ 100, MBIA | 2,690 | 2,886 | ||||||
North Texas Tollway Authority, Ser A, RB, 6.000%, 01/01/23, Callable 01/01/18 @ 100 | 5,000 | 5,283 | ||||||
North Texas Tollway Authority, Ser A, RB, 6.000%, 01/01/24, Callable 01/01/18 @ 100 | 5,000 | 5,244 | ||||||
Texas State University Systems Financing, RB, 5.000%, 03/15/18, Callable 03/15/15 @ 100, FSA | 5,035 | 5,348 | ||||||
Travis County Health Facilities Development Corp., Ascension Health Credit, Ser A, RB, 6.250%, 11/15/17, Prerefunded 11/15/09 @ 101, MBIA | 7,390 | 7,948 | ||||||
42,049 | ||||||||
Virginia (2.5%) | ||||||||
Fairfax County, Public Improvement, Ser A, GO, 5.000%, 04/01/15, State Aid Withholding | 7,000 | 7,748 |
86
Investment Grade Tax-Exempt Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Richmond, Ser B, GO, 5.250%, 07/15/16, Callable 07/15/13 @ 100, FSA | 6,040 | 6,593 | ||||||
14,341 | ||||||||
Washington (1.5%) | ||||||||
Energy Northwest Electric, Ser B, RB, 6.000%, 07/01/17, Callable 07/01/12 @ 100, MBIA | 2,450 | 2,697 | ||||||
Pierce County School District No. 10, Tacoma, GO, 5.000%, 12/01/16, Callable 12/01/13 @ 100, FGIC | 5,200 | 5,582 | ||||||
8,279 | ||||||||
Total Municipal Bonds | 506,759 | |||||||
Money Market Fund (11.2%) | ||||||||
Federated Tax-Free Obligations Fund | 35,419,978 | 35,420 | ||||||
SEI Tax Exempt Trust, Institutional Tax Free Fund | 27,528,123 | 27,528 | ||||||
Total Money Market Fund | 62,948 | |||||||
Total Investments (Cost $564,594)(a) — 101.2% | 569,707 | |||||||
Liabilities in excess of other assets — (1.2)% | (6,532 | ) | ||||||
Net Assets — 100.0% | $ | 563,175 | ||||||
(a) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
AMT | — Alternative Minimum Tax Paper | |
COP | — Certificate of Participation | |
FGIC | — Security insured by Financial Guaranty Insurance Company | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
RB | — Revenue Bond |
87
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (68.0%) | ||||||||
Automobile ABS (22.9%) | ||||||||
Capital Auto Receivables Asset Trust, Ser 2005-1, Cl A4, 4.050%, 07/15/09 | 476 | 475 | ||||||
Capital Auto Receivables Asset Trust, Ser 2007-SN1, CL A4, 2.918%, 02/15/11(a) | 1,000 | 978 | ||||||
Chase Manhattan Auto Owner Trust, Ser 2005-B, Cl A3, 4.840%, 07/15/09 | 56 | 56 | ||||||
Daimler Chrysler Master Owner Trust, Ser 2005-A, Cl A, 2.868%, 04/15/10(a) | 1,000 | 998 | ||||||
Ford Credit Auto Owner Trust, Ser 2006-C, Cl A2B, 2.838%, 12/15/09(a) | 809 | 808 | ||||||
Ford Credit Auto Owner Trust, Ser 2006-C, Cl A4B, 2.858%, 02/15/12(a) | 100 | 97 | ||||||
Ford Credit Auto Owner Trust, Ser 2007-B, Cl A3B, 3.461%, 11/15/11(a) | 500 | 490 | ||||||
Harley-Davidson Motorcycle Trust, Ser 2005-4, Cl A1, 4.780%, 11/15/10 | 78 | 79 | ||||||
Harley-Davidson Motorcycle Trust, Ser 2007-3, Cl A3, 3.168%, 06/15/12(a) | 800 | 790 | ||||||
Honda Auto Receivables Owner Trust, Ser 2007-3, Cl A4, 3.068%, 01/18/11(a) | 1,500 | 1,449 | ||||||
Hyundai Auto Receivables Trust, Ser 2006-B, Cl A2, 5.250%, 09/15/09 | 104 | 105 | ||||||
Hyundai Auto Receivables Trust, Ser 2007-A, Cl A2A, 5.110%, 01/15/10 | 1,350 | 1,358 | ||||||
M&I Auto Loan Trust, Ser 2005-1, Cl A3, 4.739%, 09/21/09 | 284 | 285 | ||||||
Nissan Master Owner Trust Receivables, Ser 2005-A, Cl A, 2.848%, 07/15/10(a) | 1,500 | 1,500 | ||||||
Volkswagen Credit Auto Master Trust, Ser 2005-1, Cl A, 2.556%, 07/20/10(a) | 500 | 499 | ||||||
9,967 | ||||||||
Credit Card ABS (15.8%) | ||||||||
American Express Issuance Trust, Ser 2007-2, Cl A, 3.068%, 07/15/13(a) | 2,000 | 1,930 | ||||||
Capital One Multi-Asset Execution Trust, Ser 2004-A8, Cl A8, 2.948%, 08/15/14(a) | 275 | 266 | ||||||
Capital One Multi-Asset Execution Trust, Ser 2005-A10, Cl A, 2.898%, 09/15/15(a) | 1,500 | 1,433 | ||||||
Citibank Credit Card Issuance Trust, Ser 2003-A9, Cl A, 3.150%, 11/22/10(a) | 1,600 | 1,592 | ||||||
Citibank Credit Card Issuance Trust, Ser 2004-A7, Cl A7, 3.183%, 11/25/13(a) | 300 | 289 | ||||||
JPMorgan Chase & Co. Issuance Trust, Ser 2005-A1, Cl A1, 2.828%, 12/15/10(a) | 1,175 | 1,175 | ||||||
MBNA Credit Card Master Note Trust, Ser 2006-A5, Cl A5, 2.878%, 10/15/15(a) | 200 | 190 | ||||||
6,875 | ||||||||
Diversified Financial Services (20.6%) | ||||||||
Caterpillar Financial Asset Trust, Ser 2005-A, Cl A4, 4.100%, 06/25/10 | 405 | 406 | ||||||
College Loan Corporation Trust, Ser 2003-2, Cl A3, 3.531%, 07/25/13(a) | 1,769 | 1,764 | ||||||
Collegiate Funding Services Education Loan Trust, Ser 2005-A, Cl A2, 4.933%, 12/28/21(a) | 1,547 | 1,521 | ||||||
Nelnet Student Loan Trust, Ser 2003-2, Cl A4, 5.284%, 07/25/22(a) | 279 | 277 | ||||||
Nelnet Student Loan Trust, Ser 2005-3, Cl A, 4.934%, 06/22/17(a) | 2,000 | 1,975 | ||||||
Pennsylvania Higher Education Assistance, Ser 2005-1, Cl A1, 5.114%, 07/25/16(a) | 1,054 | 1,054 |
88
Limited Duration Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
SLC Student Loan Trust, Ser 2006-1, Cl A3, 5.021%, 09/15/17(a) | 2,000 | 1,950 | ||||||
8,947 | ||||||||
Home Equity ABS (5.7%) | ||||||||
Accredited Mortgage Loan Trust, Ser 2005-4, Cl A2B, 2.749%, 12/25/35(a) | 77 | 76 | ||||||
Asset Backed Funding Certificates, Ser 2005-WMC1, Cl A2C, 2.879%, 06/25/35(a) | 557 | 551 | ||||||
Countrywide Asset-Backed Certificates, Ser 2005-13, Cl AF1, 2.729%, 04/25/36(a) | 13 | 13 | ||||||
Countrywide Home Equity Loan Trust, Ser 2003-C, CL A, 3.088%, 05/15/29(a) | 122 | 100 | ||||||
Countrywide Home Equity Loan Trust, Ser 2006-C, Cl 2A, 2.998%, 05/15/36(a) | 669 | 551 | ||||||
Countrywide Home Equity Loan Trust, Ser 2006-E, Cl 2A, 2.958%, 11/29/31(a) | 401 | 325 | ||||||
Guarantor Trust, Ser 2002-T10, Cl A1, 3.375%, 06/25/32(a) | 735 | 730 | ||||||
Residential Asset Securities Corp., Ser 2005-AHL3, Cl A2, 2.839%, 11/25/35(a) | 157 | 153 | ||||||
2,499 | ||||||||
Utilities (3.0%) | ||||||||
Connecticut RRB Special Purpose Trust, Ser 2001-1, Cl A4, 5.140%, 12/30/10(a) | 1,303 | 1,300 | ||||||
Total Asset-Backed Securities | 29,588 | |||||||
Collateralized Mortgage Obligations (10.2%) | ||||||||
Fannie Mae, Ser 2001-61, Cl FM, 3.025%, 10/18/16(a) | 557 | 548 | ||||||
Fannie Mae, Ser 2003-121, Cl FC, 3.006%, 02/25/28(a) | 390 | 384 | ||||||
Fannie Mae, Ser 2007-89, Cl FB, 3.056%, 09/25/37(a) | 746 | 727 | ||||||
First Union-Lehman Brothers-Bank of America, Ser 1998-C2, Cl A2, 6.560%, 11/18/35 | 215 | 215 | ||||||
Freddie Mac, Ser 1635, Cl F, 3.325%, 12/15/08(a) | 92 | 92 | ||||||
Freddie Mac, Ser 2630, Cl FJ, 3.168%, 06/15/18(a) | 809 | 810 | ||||||
Granite Mortgages PLC, Ser 2003-1, Cl 1A3, 5.090%, 01/20/20(a)(b) | 91 | 90 | ||||||
Impac CMB Trust, Ser 2004-7, Cl 1A1, 3.339%, 11/25/34(a) | 712 | 660 | ||||||
Superannuation Members Home Loans Global Fund, Ser 3A, Cl A, 3.296%, 12/01/28(a) | 420 | 412 | ||||||
Superannuation Members Home Loans Global Fund, Ser 4A, Cl A, 4.763%, 10/09/29(a) | 517 | 509 | ||||||
Total Collateralized Mortgage Obligations | 4,447 | |||||||
Money Market Fund (21.7%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(c) | 9,424,082 | 9,424 | ||||||
Total Money Market Fund | 9,424 | |||||||
Total Investments (Cost $44,051)(d) — 99.9% | 43,459 | |||||||
Other assets in excess of liabilities — 0.1% | 50 | |||||||
Net Assets — 100.0% | $ | 43,509 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 0.2% of net assets as of March 31, 2008. | |
(c) | Affiliate investment. | |
(d) | Represents cost for financial reporting purposes. |
89
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations (14.2%) | ||||||||
Bear Stearns Alt-A Trust, Ser 2006-6, Cl 2A1, 5.929%, 11/25/36(a)(b) | 2,776 | 1,958 | ||||||
Fannie Mae, Ser 2007-79, Cl MA, 5.500%, 12/25/28 | 7,610 | 7,792 | ||||||
Fannie Mae, Ser 2007-89, Cl FB, 3.056%, 09/25/37(a) | 2,127 | 2,071 | ||||||
RACC, Ser 2004-SP2, Cl A1, 6.002%, 01/25/17(a) | 2,299 | 2,302 | ||||||
Total Collateralized Mortgage Obligations | 14,123 | |||||||
U.S. Government Agency Mortgages (79.8%) | ||||||||
Fannie Mae (59.1%) | ||||||||
5.500%, 07/01/12 | 468 | 481 | ||||||
5.500%, 01/01/13 | 826 | 851 | ||||||
6.000%, 05/01/15 | 1,498 | 1,574 | ||||||
5.000%, 06/01/15 | 521 | 536 | ||||||
5.000%, 06/01/16 | 5,581 | 5,730 | ||||||
6.000%, 09/01/16 | 3,506 | 3,621 | ||||||
6.500%, 10/01/16(c) | 595 | 625 | ||||||
5.500%, 12/01/16 | 2,245 | 2,305 | ||||||
6.500%, 05/01/17 | 981 | 1,024 | ||||||
6.000%, 10/01/17 | 739 | 762 | ||||||
6.000%, 10/01/17 | 2,477 | 2,556 | ||||||
6.000%, 06/01/19(c) | 1,637 | 1,687 | ||||||
5.000%, 04/15/20 | 4,000 | 4,037 | ||||||
5.500%, 11/25/26 | 9,118 | 9,315 | ||||||
5.500%, 10/25/30(c) | 9,799 | 10,070 | ||||||
7.000%, 05/01/32 | 3,464 | 3,708 | ||||||
6.500%, 12/01/32 | 2,361 | 2,461 | ||||||
5.283%, 11/01/35(a) | 7,202 | 7,240 | ||||||
58,583 | ||||||||
Freddie Mac (16.5%) | ||||||||
6.000%, 01/01/17 | 3,351 | 3,456 | ||||||
6.500%, 02/01/17 | 1,490 | 1,562 | ||||||
5.500%, 05/01/17 | 3,117 | 3,197 | ||||||
6.500%, 01/01/22 | 7,756 | 8,097 | ||||||
16,312 | ||||||||
Ginnie Mae (4.2%) | ||||||||
6.500%, 04/14/38 | 4,000 | 4,158 | ||||||
Total U.S. Government Agency Mortgages | 79,053 | |||||||
Money Market Fund (14.1%) | ||||||||
RidgeWorth U.S. Government Securities Money Market Fund(d) | 13,972,585 | 13,973 | ||||||
Total Money Market Fund | 13,973 | |||||||
Total Investments (Cost $106,141)(e) — 108.1% | 107,149 | |||||||
Liabilities in excess of other assets — (8.1)% | (8,043 | ) | ||||||
Net Assets — 100.0% | $ | 99,106 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Security purchased on a “when-issued” basis. | |
(c) | This security or partial portion of this security was held as collateral for securities purchased on a “when-issued” basis as of March 31, 2008. | |
(d) | Affiliate investment. | |
(e) | Represents cost for financial reporting purposes. |
90
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (96.9%) | ||||||||
Maryland (94.5%) | ||||||||
Annapolis Public Improvement, GO, 5.000%, 04/01/08 | 250 | 250 | ||||||
Anne Arundel County Special Obligation, Arundel Mills Project, RB, 5.125%, 07/01/22, Callable 07/01/14 @ 100, County Guaranteed | 1,000 | 1,048 | ||||||
Baltimore County, Catholic Health Initiatives, Ser A, RB, 5.000%, 09/01/21, Callable 09/01/16 @ 100 | 550 | 557 | ||||||
Baltimore County, Pension Funding, GO, 5.125%, 08/01/11, Callable 08/01/08 @ 101 | 510 | 519 | ||||||
Baltimore Public Improvement, Ser A, GO, 4.750%, 10/15/16 | 1,000 | 1,083 | ||||||
Baltimore Sewer Improvement, Wastewater Projects, Ser C, RB, 5.000%, 07/01/22 | 1,000 | 1,029 | ||||||
Charles County, Public Improvement, GO, 5.000%, 03/01/16 | 1,000 | 1,103 | ||||||
Frederick County Educational Facilities, Mount St. Mary’s University, RB, 5.625%, 09/01/38, Callable 09/01/16 @ 100 | 500 | 466 | ||||||
Frederick County Educational Facilities, Mount St. Mary’s University, Ser A, RB, 4.750%, 09/01/08 | 175 | 177 | ||||||
Frederick County, Public Facilities, GO, 5.000%, 12/01/15 | 1,075 | 1,191 | ||||||
Frederick County, Public Facilities, GO, 5.000%, 12/01/16, Callable 12/01/15 @ 100 | 1,000 | 1,096 | ||||||
Harford County, GO, 5.000%, 07/15/25, Callable 07/15/15 @ 100 | 1,000 | 1,025 | ||||||
Howard County, Public Improvement, GO, 5.000%, 02/15/15 | 1,000 | 1,105 | ||||||
Maryland Capital Improvements, Ser A, GO, 5.000%, 02/15/17, Callable 02/15/15 @ 100 | 1,000 | 1,084 | ||||||
Maryland Capital Improvements, Ser A, GO, 5.000%, 02/15/19, Callable 02/15/15 @ 100 | 1,000 | 1,069 | ||||||
Maryland Community Development Administration, Department of Housing & Community Development, RB, AMT, 5.000%, 09/01/27, Callable 03/01/17 @ 100 | 1,000 | 935 | ||||||
Maryland Community Development Administration, Department of Housing & Community Development, Ser 2001B, RB, AMT, 4.100%, 07/01/08, FHA/GNMA/HUD | 285 | 286 | ||||||
Maryland Economic Development Corp., Department of Transportation Headquarters, RB, 5.375%, 06/01/19, Callable 06/01/12 @ 100.50 | 1,000 | 1,065 | ||||||
Maryland Economic Development Corp., Student Housing, Towson University Project, Ser A, RB, 5.250%, 07/01/37, Callable 07/01/17 @ 100 | 1,000 | 870 |
91
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Maryland Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Maryland—continued | ||||||||
Maryland Economic Development Corp., University of Maryland College Park Project, RB, 5.750%, 06/01/18, Prerefunded 06/01/13 @ 100 | 475 | 538 | ||||||
Maryland Health & Higher Educational Facilities Authority, Anne Arundel Medical Center, RB, 5.125%, 07/01/28, Callable 07/01/08 @ 101, FSA | 220 | 221 | ||||||
Maryland Health & Higher Educational Facilities Authority, Board of Child Care, RB, 5.500%, 07/01/13, Callable 07/01/12 @ 100 | 500 | 533 | ||||||
Maryland Health & Higher Educational Facilities Authority, Calvert Health Systems, RB, 5.500%, 07/01/36, Callable 07/01/14 @ 100 | 1,000 | 1,001 | ||||||
Maryland Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/18, Callable 07/01/12 @ 100 | 500 | 520 | ||||||
Maryland Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/21, Callable 07/01/12 @ 100 | 250 | 258 | ||||||
Maryland Health & Higher Educational Facilities Authority, Catholic Health Initiatives, Ser A, RB, 6.000%, 12/01/24, Callable 06/01/10 @ 101, ETM | 250 | 264 | ||||||
Maryland Health & Higher Educational Facilities Authority, Doctors Community Hospital, Ser A, RB, 4.000%, 07/01/13 | 500 | 494 | ||||||
Maryland Health & Higher Educational Facilities Authority, Goucher College, RB, 5.375%, 07/01/25, Callable 07/01/14 @ 100 | 565 | 577 | ||||||
Maryland Health & Higher Educational Facilities Authority, Hebrew Home of Greater Washington, RB, 5.700%, 01/01/21, Callable 01/01/12 @ 100 | 480 | 489 | ||||||
Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, RB, 5.000%, 07/01/28, Callable 07/01/17 @ 100, LOC: Assured Guaranty | 500 | 503 | ||||||
Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, Ser A, RB, 5.125%, 07/01/34, Prerefunded 07/01/14 @ 100 | 1,000 | 1,101 | ||||||
Maryland Health & Higher Educational Facilities Authority, Mercy Medical Center, Ser A, RB, 4.750%, 07/01/21, Callable 07/01/17 @ 100 | 400 | 375 | ||||||
Maryland Health & Higher Educational Facilities Authority, Mercy Medical Center, Ser A, RB, 5.500%, 07/01/42, Callable 07/01/17 @ 100 | 250 | 230 |
92
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Maryland Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Maryland—continued | ||||||||
Maryland Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.750%, 07/01/21, Prerefunded 07/01/11 @ 100 | 1,225 | 1,336 | ||||||
Maryland Health & Higher Educational Facilities Authority, Western Maryland Health System, Ser A, RB, 5.000%, 07/01/15, MBIA/FHA | 1,000 | 1,084 | ||||||
Maryland State & Local Facilities Loan, Ser 1, GO, 4.000%, 03/01/18, Callable 03/01/16 @ 100 | 500 | 509 | ||||||
Maryland State & Local Facilities, Ser 2, GO, 5.000%, 08/01/14, Callable 08/01/13 @ 100 | 1,000 | 1,087 | ||||||
Maryland State & Local Facilities, Ser 2, GO, 5.000%, 08/01/16, Callable 08/01/13 @ 100 | 1,000 | 1,084 | ||||||
Maryland State Department of Transportation Consolidated Transaction, RB, 5.000%, 02/15/22, Callable 02/15/18 @ 100 | 1,000 | 1,050 | ||||||
Maryland State Transportation Authority Grant & Revenue Anticipation, RB, 5.000%, 03/01/19, Callable 03/01/17 @ 100 | 1,000 | 1,067 | ||||||
Maryland State Transportation Authority, RB, 5.000%, 07/01/22, Callable 07/01/17 @ 100, FSA | 1,000 | 1,048 | ||||||
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23, Callable 07/01/18 @ 100 | 1,000 | 1,033 | ||||||
Maryland Transportation Authority, Baltimore/Washington International Airport, Ser B, RB, AMT, 5.375%, 03/01/15, Callable 03/01/12 @ 101, AMBAC | 1,000 | 1,045 | ||||||
Montgomery County Department of Finance, Ser A, GO, 1.330%, 06/01/26, LOC: Dexia Credit Local(a) | 400 | 400 | ||||||
Montgomery County Economic Development, Trinity Health Care Group, RB, 5.500%, 12/01/16, Callable 12/01/11 @ 100 | 1,000 | 1,078 | ||||||
Montgomery County Housing Opportunities Commission, Aston Woods Apartments, Ser A, RB, 4.900%, 05/15/31, Callable 05/15/08 @ 102, FNMA | 1,150 | 1,175 | ||||||
Montgomery County Housing Opportunities Commission, Ser A, RB, 4.450%, 07/01/17, Callable 01/01/11 @ 100 | 100 | 101 | ||||||
Montgomery County Housing Opportunities Commission, Ser A, RB, 6.000%, 07/01/20, Callable 07/01/10 @ 100 | 1,020 | 1,049 | ||||||
Montgomery County Revenue Authority, Lease, College Arts Center Project, Ser A, RB, 5.000%, 05/01/28, Callable 05/01/15 @ 100 | 1,000 | 1,002 |
93
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Maryland Municipal Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Maryland—continued | ||||||||
Northeast Waste Disposal Authority Solid Waste Revenue, RB, AMT, 5.500%, 04/01/11 | 220 | 234 | ||||||
St. Mary’s County, Public Improvement, GO, 5.500%, 07/01/11 | 665 | 725 | ||||||
Talbot County Public Facilities, GO, 5.375%, 03/15/17, Callable 03/15/12 @ 101 | 1,000 | 1,086 | ||||||
Washington Suburban Sanitation District, Anticipation Notes, Ser A, GO, 1.950%, 06/01/23, LOC: Landesbank Hessen-Thueringen(a) | 450 | 450 | ||||||
Washington Suburban Sanitation District, GO, 5.000%, 06/01/13 | 825 | 905 | ||||||
41,610 | ||||||||
Puerto Rico (2.4%) | ||||||||
Puerto Rico Commonwealth Public Improvement, Ser A, GO, 5.500%, 07/01/19, MBIA | 1,000 | 1,071 | ||||||
Total Municipal Bonds | 42,681 | |||||||
Money Market Fund (2.4%) | ||||||||
Federated Maryland Municipal Cash Trust | 1,050,160 | 1,050 | ||||||
Total Money Market Fund | 1,050 | |||||||
Total Investments (Cost $43,452)(b) — 99.3% | 43,731 | |||||||
Other assets in excess of liabilities — 0.7% | 320 | |||||||
Net Assets — 100.0% | $ | 44,051 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
AMT | — Alternative Minimum Tax Paper | |
ETM | — Escrowed to Maturity | |
FHA | — Security insured by Federal Housing Administration | |
FNMA | — Security insured by Federal National Mortgage Association | |
FSA | — Security insured by Financial Security Assurance | |
GNMA | — Security insured by Government National Mortgage Association | |
GO | — General Obligation | |
HUD | — Security insured by U.S. Department of Housing and Urban Development | |
LOC | — Letter of Credit | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
RB | — Revenue Bond |
94
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (95.0%) | ||||||||
North Carolina (88.4%) | ||||||||
Appalachian State University, Procurement Services Building, RB, 5.000%, 07/15/30, Callable 07/15/15 @ 100, MBIA | 1,250 | 1,252 | ||||||
Brunswick County Enterprise System, Ser A, RB, 5.250%, 04/01/22, Callable 04/01/14 @ 100, FSA | 500 | 521 | ||||||
Charlotte Airport, Ser B, RB, AMT, 6.000%, 07/01/24, Callable 07/01/09 @ 101, MBIA | 1,000 | 1,016 | ||||||
Charlotte, Convention Facilities Project, COP, 5.000%, 12/01/25, Callable 12/01/15 @ 100 | 1,000 | 1,006 | ||||||
Charlotte, Convention Facilities Project, Ser A, COP, 5.500%, 08/01/19, Callable 08/01/13 @ 101 | 2,000 | 2,131 | ||||||
Charlotte-Mecklenburg Hospital Authority, Health Care System, Ser A, RB, 5.000%, 01/15/33, Pre-refunded 01/15/13 @ 100 | 1,225 | 1,327 | ||||||
Dare County, COP, 5.000%, 06/01/23, Callable 12/01/12 @ 100, AMBAC | 830 | 842 | ||||||
Greensboro, Enterprise System, Ser A, RB, 5.000%, 06/01/25, Callable 06/01/17 @ 100 | 1,605 | 1,650 | ||||||
Iredell County Public Facilities Project, COP, 5.250%, 10/01/20, Callable 10/01/13 @ 100, AMBAC | 500 | 517 | ||||||
Lenoir County North Carolina, GO, 5.000%, 02/01/21, Callable 02/01/17 @ 100, FSA | 500 | 528 | ||||||
Mecklenburg County North Carolina, Ser C, GO, 5.000%, 02/01/15 | 1,000 | 1,105 | ||||||
New Hanover County Industrial Facilities & Pollution Control Financing Authority, Corning Project, RB, 2.150%, 05/01/10(a) | 1,735 | 1,735 | ||||||
North Carolina Capital Facilities Finance Agency, Duke University Project, Ser A, RB, 5.250%, 07/01/42, Pre-refunded 10/01/12 @ 100 | 3,000 | 3,296 | ||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, Brevard College Corp., RB, 5.000%, 10/01/26, Callable 04/01/17 @ 100 | 1,000 | 874 | ||||||
North Carolina Eastern Municipal Power Agency, Power System, Ser C, RB, 5.375%, 01/01/16, Callable 01/01/13 @ 100 | 500 | 512 | ||||||
North Carolina Medical Care Commission Health System, RB, 5.000%, 10/01/25, Callable 10/01/17 @ 100, FSA | 2,000 | 2,015 | ||||||
North Carolina Medical Care Commission Retirement Facilities, RB, 6.500%, 07/01/32, Pre-refunded 07/01/12 @ 101 | 1,000 | 1,175 | ||||||
North Carolina Medical Care Commission, Health Care Facilities, Novant Health Obligations Group, Ser A, RB, 5.000%, 11/01/17, Callable 11/01/13 @ 100 | 1,290 | 1,332 | ||||||
North Carolina State Education Assistance Authority, Ser Q-2, RB, AMT, 5.243%, 07/01/36, Guaranteed Student Loans(a)(b) | 950 | 950 |
95
North Carolina Tax-Exempt Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
North Carolina—continued | ||||||||
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/15, MBIA | 1,000 | 1,097 | ||||||
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/16, MBIA | 750 | 823 | ||||||
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/14, MBIA | 2,500 | 2,734 | ||||||
North Carolina State, Public Import, Ser A, GO, 5.000%, 03/01/18, Pre-refunded 03/01/11 @ 102 | 500 | 545 | ||||||
Onslow County Hospital Authority, Onslow Memorial Hospital Project, RB, 5.125%, 04/01/18, Callable 10/01/16 @ 100, MBIA/FHA | 500 | 531 | ||||||
Pitt County North Carolina, COP, 4.750%, 04/01/27, Callable 04/01/17 @ 100, MBIA | 1,000 | 970 | ||||||
Pitt County School Facilities Project, Ser B, COP, 5.300%, 04/01/21, Prerefunded 04/01/10 @ 101, FSA | 500 | 534 | ||||||
Raleigh Durham Airport Authority, Ser A, RB, 5.000%, 05/01/30, Callable 05/01/15 @ 100, AMBAC | 3,000 | 2,960 | ||||||
Rockingham County, COP, 5.000%, 04/01/18, Callable 04/01/12 @ 101, AMBAC | 500 | 517 | ||||||
Salisbury Enterprise System, RB, 5.000%, 02/01/20, Callable 02/01/12 @ 101, FSA | 500 | 520 | ||||||
University of North Carolina at Wilmington, COP, 5.000%, 06/01/31, Callable 06/01/15 @ 100, FGIC | 1,295 | 1,265 | ||||||
University of North Carolina Systems Pool, Ser A, RB, 5.000%, 04/01/23, Callable 04/01/15 @ 100, AMBAC | 1,000 | 1,019 | ||||||
Wake County Hospital, RB, 5.125%, 10/01/13, Callable 10/01/13 @ 100, MBIA, ETM | 350 | 388 | ||||||
Wake County Industrial Facilities & Pollution Control Financing Authority, Carolina Power & Light Co. Project, RB, 5.375%, 02/01/17, Callable 02/01/12 @ 101 | 1,000 | 1,039 | ||||||
38,726 | ||||||||
Puerto Rico (6.6%) | ||||||||
Puerto Rico Commonwealth, Public Import, GO, 5.500%, 07/01/19, FSA | 835 | 918 | ||||||
Puerto Rico Highway & Transportation Authority, Ser AA, RB, 5.500%, 07/01/19, MBIA | 595 | 638 | ||||||
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue, Ser C, RB, 5.500%, 07/01/23, AMBAC | 400 | 424 | ||||||
Puerto Rico Sales Tax Financing Corporation Sales Tax, Ser A, RB, 5.250%, 08/01/57, Callable 08/01/17 @ 100 | 1,000 | 928 | ||||||
2,908 | ||||||||
Total Municipal Bonds | 41,634 | |||||||
96
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
North Carolina Tax-Exempt Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (5.0%) | ||||||||
Federated Tax-Free Obligations Fund(a) | 1,906,154 | 1,906 | ||||||
SEI Tax Exempt Trust, Institutional Tax Free Fund(a) | 269,367 | 269 | ||||||
Total Money Market Fund | 2,175 | |||||||
Total Investments (Cost $44,157)(c) — 100.0% | 43,809 | |||||||
Liabilities in excess of other assets — 0.0% | (3 | ) | ||||||
Net Assets — 100.0% | $ | 43,806 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2008 are identified below (in thousands): |
Issue | Acquisition | Cost | Par | Value | Percentage of | |||||||||||||
Description | Date | ($) | ($) | ($) | Net Assets(%) | |||||||||||||
North Carolina State Education Assistance Authority | 12/10/07 | 950 | 950 | 950 | 2.17 |
(c) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
AMT | — Alternative Minimum Tax Paper | |
COP | — Certificate of Participation | |
ETM | — Escrowed to Maturity | |
FGIC | — Security insured by Financial Guaranty Insurance Company | |
FHA | — Security insured by Federal Housing Administration | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
RB | — Revenue Bond |
97
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Bank Loans (93.8%) | ||||||||
Advertising (2.2%) | ||||||||
Advanstar Communications, Inc., 4.921%, 05/31/14(a)(b) | 1,985 | 1,479 | ||||||
Affinion Group, Inc., 5.552%, 10/01/12(a)(b) | 3,645 | 3,354 | ||||||
Proquest, 5.481%, 02/09/13(a)(b) | 1,912 | 1,749 | ||||||
Reader’s Digest Association, Inc. (The), 5.075%, 03/02/13(a)(b) | 1,980 | 1,604 | ||||||
Tribune Co., 7.396%, 05/17/09(a)(b) | 2,667 | 2,350 | ||||||
Valassis Communications, Inc., 1.000%, 03/02/14(a)(b) | 427 | 392 | ||||||
Valassis Communications, Inc., 6.580%, 03/02/14(a)(b) | 1,291 | 1,184 | ||||||
12,112 | ||||||||
Aerospace/Defense (0.6%) | ||||||||
AM General Corp., 6.000%, 09/30/12(a)(b) | 49 | 44 | ||||||
AM General Corp., 6.775%, 09/30/12(a)(b) | 1,304 | 1,171 | ||||||
Hawker Beechcraft, Inc., 6.830%, 04/02/14(a)(b) | 2,282 | 2,130 | ||||||
Hawker Beechcraft, Inc., 6.830%, 04/02/14(a)(b) | 133 | 124 | ||||||
3,469 | ||||||||
Auto Parts & Equipment (1.0%) | ||||||||
Baker Tanks, Inc., 5.287%, 05/08/14(a)(b) | 3,226 | 2,838 | ||||||
Centaur LLC, 4.000%, 10/13/12(a)(b) | 526 | 458 | ||||||
Centaur LLC, 8.830%, 10/30/12(a)(b) | 2,474 | 2,152 | ||||||
5,448 | ||||||||
Building Materials (0.7%) | ||||||||
Boise Cascade LLC, 7.500%, 02/08/14(a)(b) | 450 | 450 | ||||||
Contech Construction Products, Inc., 5.096%, 01/31/13(a)(b) | 3,924 | 3,355 | ||||||
3,805 | ||||||||
Chemicals (7.0%) | ||||||||
Celanese Holdings LLC, 6.229%, 04/02/14(a)(b) | 5,955 | 5,541 | ||||||
Columbian Chemicals Co., 6.580%, 02/11/13(a)(b) | 4,909 | 4,320 | ||||||
Compass Minerals International, Inc., 6.190%, 12/22/12(a)(b) | 2,423 | 2,314 | ||||||
Hexion Specialty Chemicals, Inc., 7.000%, 05/05/13(a)(b) | 4,046 | 3,758 | ||||||
Hexion Specialty Chemicals, Inc., 7.125%, 05/15/13(a)(b) | 877 | 816 | ||||||
Huntsman International LLC, 4.428%, 08/16/12(a)(b) | 3,473 | 3,323 | ||||||
Ineos Group Holdings PLC, 4.640%, 12/14/12(a)(b) | 1,857 | 1,699 | ||||||
Ineos Group Holdings PLC, 4.885%, 12/14/13(a)(b) | 5,825 | 5,323 | ||||||
Ineos Group Holdings PLC, 5.385%, 12/14/14(a)(b) | 951 | 872 | ||||||
ISP Chemco, Inc., 4.830%, 05/31/14(a)(b) | 1,985 | 1,798 | ||||||
Lucite International Ltd., 5.500%, 07/03/13(a)(b) | 727 | 614 | ||||||
Lucite International Ltd., 5.500%, 07/03/13(a)(b) | 258 | 217 | ||||||
Macdermid Holdings LLC, 6.830%, 04/11/14(a)(b) | 3,230 | 2,746 | ||||||
Rockwood Specialties Group, Inc., 4.744%, 07/30/12(a)(b) | 3,000 | 2,838 | ||||||
Solutia, Inc., 7.931%, 02/28/14(a)(b) | 2,993 | 2,832 | ||||||
39,011 | ||||||||
Coal (0.3%) | ||||||||
Alpha Natural Resources, Inc., 4.421%, 10/26/12(a)(b) | 1,839 | 1,756 | ||||||
Commercial Services (9.2%) | ||||||||
Astoria Generating Co. LLC, 4.350%, 08/13/13(a)(b) | 1,248 | 1,144 | ||||||
Bearingpoint, Inc., 8.739%, 05/18/12(a)(b) | 2,000 | 1,380 | ||||||
Catalina Marketing Corp., 7.830%, 10/01/14(a)(b) | 2,985 | 2,739 |
98
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Commercial Services—continued | ||||||||
Cengage Learning, 5.813%, 07/03/14(a)(b) | 3,841 | 3,272 | ||||||
Cenveo, Inc., 4.349%, 03/16/14(a)(b) | 1,393 | 1,239 | ||||||
Cenveo, Inc., 8.119%, 06/21/14(a)(b) | 2,000 | 2,000 | ||||||
H3C Holdings Ltd., 5.632%, 09/28/12(a)(b) | 3,260 | 2,608 | ||||||
Idearc, Inc., 6.330%, 11/17/13(a)(b) | 4,000 | 3,298 | ||||||
Live Nation, Inc., 7.580%, 06/21/13(a)(b) | 1,649 | 1,517 | ||||||
Live Nation, Inc., 7.580%, 06/21/13(a)(b) | 4,089 | 3,762 | ||||||
Merrill Corp., 6.399%, 05/15/11(a)(b) | 4,410 | 3,903 | ||||||
Merrill Corp., 9.517%, 10/01/13(a)(b) | 2,000 | 1,600 | ||||||
National Money Mart Co., 7.580%, 10/30/12(a)(b) | 835 | 759 | ||||||
National Money Mart Co., 7.580%, 10/30/12(a)(b) | 1,135 | 1,033 | ||||||
Oshkosh Truck Corp., 4.760%, 12/06/13(a)(b) | 2,938 | 2,745 | ||||||
Quintiles Transnational Corp., 6.830%, 03/21/13(a)(b) | 983 | 913 | ||||||
Quintiles Transnational Corp., 8.830%, 03/21/14(a)(b) | 2,000 | 1,790 | ||||||
QVC, Inc., 3.488%, 10/04/11(a)(b) | 10,000 | 9,400 | ||||||
R.H. Donnelley, Inc., 4.391%, 06/30/11(a)(b) | 2,636 | 2,437 | ||||||
Rent-A-Center, Inc., 5.041%, 06/30/12(a)(b) | 2,582 | 2,376 | ||||||
Sedgwick CMS Holdings, Inc., 7.080%, 01/31/13(a)(b) | 1,964 | 1,709 | ||||||
51,624 | ||||||||
Computers (2.1%) | ||||||||
Acxiom Corp., 5.837%, 09/15/12(a)(b) | 2,555 | 2,440 | ||||||
Dresser, Inc., 5.566%, 05/04/14(a)(b) | 2,946 | 2,750 | ||||||
Kronos, Inc., 7.080%, 06/12/14(a)(b) | 985 | 788 | ||||||
Network Solutions LLC, 6.952%, 03/07/14(a)(b) | 2,299 | 1,839 | ||||||
Reynolds & Reynolds Co., 4.678%, 10/23/12(a)(b) | 1,792 | 1,621 | ||||||
Sungard Data Systems, Inc., 4.878%, 02/11/13(a)(b) | 1,943 | 1,803 | ||||||
TTM Technologies, Inc., 5.527%, 10/27/12(a)(b) | 750 | 690 | ||||||
11,931 | ||||||||
Diversified Financial Services (3.1%) | ||||||||
Clarke American Corp., 5.197%, 04/01/14(a)(b) | 4,481 | 3,600 | ||||||
East Valley Tourist Development Authority, 9.440%, 08/06/14(a)(b) | 3,000 | 2,970 | ||||||
Level 3 Communications, Inc., 6.202%, 03/01/14(a)(b) | 3,000 | 2,578 | ||||||
Peach Holdings, Inc., 8.233%, 11/21/13(a)(b) | 4,809 | 3,670 | ||||||
VNU, Inc., 6.471%, 08/09/13(a)(b) | 4,888 | 4,419 | ||||||
17,237 | ||||||||
Diversified Operations (0.4%) | ||||||||
Delphi Corp., 6.250%, 07/01/08(a)(b) | 2,000 | 1,967 | ||||||
Electric (2.3%) | ||||||||
Boston Generating LLC, 7.080%, 12/21/13(a)(b) | 345 | 302 | ||||||
Boston Generating LLC, 7.080%, 12/21/13(a)(b) | 97 | 85 | ||||||
Boston Generating LLC, 7.080%, 12/21/13(a)(b) | 1,539 | 1,350 | ||||||
Calpine Corp., 0.997%, 03/29/09(a)(b) | 963 | 836 | ||||||
NRG Energy, Inc., 6.330%, 02/01/13(a)(b) | 4,913 | 4,613 | ||||||
NRG Energy, Inc., 6.480%, 02/01/13(a)(b) | 2,463 | 2,310 | ||||||
TXU Energy Co. LLC, 6.579%, 10/27/14(a)(b) | 3,465 | 3,154 | ||||||
12,650 | ||||||||
99
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Energy (2.2%) | ||||||||
Covanta Energy Corp., 5.078%, 02/09/14(a)(b) | 1,930 | 1,771 | ||||||
Covanta Energy Group, 6.203%, 02/09/14(a)(b) | 960 | 880 | ||||||
Longview Power LLC, 4.938%, 02/27/14(a)(b) | 1,167 | 997 | ||||||
Longview Power LLC, 5.063%, 02/27/14(a)(b) | 1,000 | 855 | ||||||
Longview Power LLC, 7.125%, 02/27/14(a)(b) | 333 | 285 | ||||||
NE Energy, 7.125%, 10/19/11(a)(b) | 1,000 | 775 | ||||||
NE Energy, 5.040%, 10/19/13(a)(b) | 860 | 708 | ||||||
NE Energy, 7.375%, 10/19/13(a)(b) | 106 | 86 | ||||||
NSG Holdings LLC, 4.350%, 06/15/14(a)(b) | 385 | 343 | ||||||
NSG Holdings LLC, 4.350%, 06/15/14(a)(b) | 51 | 45 | ||||||
Sandridge Energy, Inc., 8.354%, 04/15/14(a)(b) | 3,000 | 2,775 | ||||||
Sandridge Energy, Inc., 8.625%, 04/15/15(a)(b) | 3,000 | 2,955 | ||||||
12,475 | ||||||||
Entertainment (4.4%) | ||||||||
Cedar Fair LP, 5.128%, 08/30/12(a)(b) | 1,935 | 1,783 | ||||||
Cinemark, Inc., 4.772%, 10/04/13(a)(b) | 3,967 | 3,556 | ||||||
Penn National Gaming, Inc., 5.140%, 10/03/12(a)(b) | 1,965 | 1,857 | ||||||
Rainbow National Services, 0.000%, 06/28/13(a)(b)(c) | 5,000 | 4,725 | ||||||
Regal Cinemas, Inc., 6.330%, 02/26/13(a)(b) | 4,920 | 4,569 | ||||||
Venetian Macao Ltd., 7.080%, 05/25/12(a)(b) | 3,000 | 2,703 | ||||||
Venetian Macao Ltd., 7.080%, 05/25/13(a)(b) | 3,263 | 2,940 | ||||||
Venetian Macao Ltd., 7.080%, 05/26/13(a)(b) | 2,000 | 1,802 | ||||||
Warner Music Group, 5.084%, 02/28/11(a)(b) | 994 | 895 | ||||||
24,830 | ||||||||
Environmental Control (0.9%) | ||||||||
Allied Waste North America, Inc., 4.329%, 01/15/12(a)(b) | 3,241 | 3,075 | ||||||
Allied Waste North America, Inc., 6.100%, 01/15/12(a)(b) | 1,948 | 1,845 | ||||||
4,920 | ||||||||
Food (0.3%) | ||||||||
Pinnacle Foods Group, Inc., 7.406%, 04/02/14(a)(b) | 2,084 | 1,815 | ||||||
Forest Products & Paper (0.1%) | ||||||||
Verso Paper Holdings LLC, 6.580%, 08/03/13(a)(b) | 897 | 801 | ||||||
Health Care (12.2%) | ||||||||
Beverly Enterprises, Inc., 5.872%, 04/07/11(a)(b) | 3,170 | 2,885 | ||||||
Capella Healthcare, Inc., 6.750%, 03/02/15(a)(b) | 9,000 | 8,505 | ||||||
Carestream Health, Inc., 5.714%, 04/30/13(a)(b) | 3,868 | 3,168 | ||||||
Carestream Health, Inc., 9.396%, 10/30/13(a)(b) | 1,000 | 660 | ||||||
Community Health Systems, 0.000%, 07/25/14(a)(b)(c) | 469 | 432 | ||||||
Community Health Systems, 5.335%, 07/25/14(a)(b) | 9,191 | 8,465 | ||||||
CRC Health Corp., 4.921%, 02/06/13(a)(b) | 2,940 | 2,573 | ||||||
Harlan Sprague Dawley, Inc., 5.523%, 07/11/14(a)(b) | 8,000 | 7,400 | ||||||
HCA, Inc., 6.830%, 11/17/12(a)(b) | 2,803 | 2,550 | ||||||
HCA, Inc., 7.080%, 11/06/13(a)(b) | 4,955 | 4,558 | ||||||
Health Management Associates, 7.070%, 02/28/14(a)(b) | 2,745 | 2,356 | ||||||
Iasis Healthcare Corp., 4.606%, 03/15/14(a)(b) | 127 | 113 | ||||||
Iasis Healthcare Corp., 5.075%, 03/15/14(a)(b) | 477 | 425 | ||||||
Iasis Healthcare Corp., 5.248%, 03/15/14(a)(b) | 1,382 | 1,247 | ||||||
IM US Holdings LLC, 6.843%, 06/26/14(a)(b) | 1,985 | 1,749 | ||||||
Invacare Corp., 6.170%, 02/12/13(a)(b) | 901 | 830 |
100
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Health Care—continued | ||||||||
Matria Healthcare, Inc., 5.995%, 01/19/12(a)(b) | 1,074 | 1,031 | ||||||
Multiplan, Inc., 5.622%, 04/08/13(a)(b) | 2,451 | 2,230 | ||||||
Multiplan, Inc., 5.622%, 04/12/13(a)(b) | 858 | 785 | ||||||
Mylan, Inc., 6.095%, 10/02/14(a)(b) | 2,993 | 2,886 | ||||||
National Mentor Holdings, Inc., 6.600%, 06/28/13(a)(b) | 110 | 97 | ||||||
National Mentor Holdings, Inc., 6.730%, 06/28/13(a)(b) | 1,857 | 1,634 | ||||||
Royalty Pharma, 5.511%, 04/16/13(a)(b) | 3,930 | 3,887 | ||||||
Sun Healthcare Group, Inc., 5.539%, 04/12/14(a)(b) | 1,418 | 1,290 | ||||||
Sun Healthcare Group, Inc., 6.830%, 04/12/14(a)(b) | 322 | 290 | ||||||
Sun Healthcare Group, Inc., 4.921%, 04/19/14(a)(b) | 203 | 183 | ||||||
Talecris Biotherapeutics, Inc., 6.572%, 12/06/13(a)(b) | 2,963 | 2,488 | ||||||
Vanguard Health Systems, Inc., 5.372%, 09/23/11(a)(b) | 3,931 | 3,626 | ||||||
68,343 | ||||||||
Insurance (0.2%) | ||||||||
Hub International Ltd., 7.330%, 06/12/14(a)(b) | 811 | 697 | ||||||
Hub International Ltd., 7.860%, 06/12/15(a)(b) | 41 | 35 | ||||||
Hub International Ltd., 7.337%, 06/12/15(a)(b) | 142 | 122 | ||||||
854 | ||||||||
Investment Company (0.3%) | ||||||||
USPF Holdings LLC, 6.943%, 04/11/14(a)(b) | 1,985 | 1,767 | ||||||
Leisure Time (1.0%) | ||||||||
Sabre Holdings Corp., 5.244%, 09/30/14(a)(b) | 3,158 | 2,589 | ||||||
TDS Investor Corp., 7.080%, 08/09/13(a)(b) | 2,668 | 2,308 | ||||||
TDS Investor Corp., 7.080%, 08/23/13(a)(b) | 993 | 863 | ||||||
5,760 | ||||||||
Lodging (4.6%) | ||||||||
Cannery Casino Resorts LLC, 2.250%, 05/18/13(a)(b) | 1,008 | 930 | ||||||
Cannery Casino Resorts LLC, 5.320%, 05/18/13(a)(b) | 2,188 | 2,019 | ||||||
Cannery Casino Resorts LLC, 5.865%, 05/18/13(a)(b) | 787 | 726 | ||||||
Fontainebleau Resorts LLC, 2.000%, 06/05/14(a)(b) | 1,333 | 1,087 | ||||||
Fontainebleau Resorts LLC, 6.258%, 06/05/14(a)(b) | 2,667 | 2,173 | ||||||
Isle of Capri Casinos, 4.875%, 11/25/13(a)(b) | 528 | 445 | ||||||
Isle of Capri Casinos, 6.580%, 11/25/13(a)(b) | 1,751 | 1,477 | ||||||
Isle of Capri Casinos, 6.580%, 11/25/13(a)(b) | 701 | 591 | ||||||
Kerzner International Ltd., 5.901%, 08/31/13(a)(b) | 214 | 173 | ||||||
Kerzner International Ltd., 5.901%, 08/31/13(a)(b) | 2,286 | 1,851 | ||||||
Kerzner International Ltd., 6.889%, 08/31/13(a)(b) | 1,300 | 1,053 | ||||||
Metro-Goldwyn-Mayer, Inc., 8.108%, 04/08/12(a)(b) | 2,957 | 2,329 | ||||||
Metro-Goldwyn-Mayer, Inc., 8.108%, 04/08/12(a)(b) | 3,267 | 2,567 | ||||||
MGM Mirage, Inc., 1.781%, 11/22/09(a)(b) | 1,657 | 1,570 | ||||||
MotorCity Casino, 4.778%, 07/26/12(a)(b) | 3,634 | 3,198 | ||||||
Seminole Indian Casinos, 4.481%, 03/05/14(a)(b) | 470 | 445 | ||||||
Seminole Indian Casinos, 4.625%, 03/05/14(a)(b) | 1,695 | 1,605 | ||||||
Seminole Indian Casinos, 5.563%, 03/05/14(a)(b) | 1,733 | 1,641 | ||||||
25,880 | ||||||||
101
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Machinery Diversified (0.5%) | ||||||||
NACCO Materials Handling Group, Inc., 5.599%, 02/24/13(a)(b) | 3,439 | 2,923 | ||||||
Media (11.1%) | ||||||||
Block Communications, Inc., 6.830%, 12/19/12(a)(b) | 997 | 918 | ||||||
Cablevision Systems Corp., 4.750%, 03/21/12(a)(b) | 3,435 | 3,195 | ||||||
Cablevision Systems Corp., 4.001%, 12/13/13(a)(b) | 3,896 | 3,644 | ||||||
CanWest Media, Inc., 5.085%, 07/13/14(a)(b) | 707 | 651 | ||||||
Citadel Broadcasting Corp., 5.650%, 06/12/14(a)(b) | 3,000 | 2,436 | ||||||
CW Media Holdings, Inc., 8.080%, 09/21/14(a)(b) | 995 | 925 | ||||||
Dex Media, Inc., 5.125%, 10/23/14(a)(b) | 1,000 | 889 | ||||||
Gray Television, Inc., 6.210%, 12/31/14(a)(b) | 9,454 | 7,965 | ||||||
Insight Midwest Holdings LLC, 6.480%, 10/06/13(a)(b) | 11,818 | 10,489 | ||||||
Mediacom LLC, 4.671%, 01/31/15(a)(b) | 8,063 | 7,095 | ||||||
Next Media Operating, Inc., 5.086%, 11/04/12(a)(b) | 1,144 | 967 | ||||||
Next Media Operating, Inc., 5.098%, 11/04/12(a)(b) | 508 | 430 | ||||||
Penton Media, Inc., 8.122%, 02/01/14(a)(b) | 1,000 | 752 | ||||||
Quebecor Media, Inc., 6.258%, 01/17/13(a)(b) | 2,940 | 2,727 | ||||||
San Juan Cable LLC, 5.020%, 10/31/12(a)(b) | 980 | 804 | ||||||
Spanish Broadcasting System, Inc., 6.580%, 06/08/12(a)(b) | 2,969 | 2,464 | ||||||
TCM Media, Inc., 8.598%, 06/30/10(a)(b) | 696 | 655 | ||||||
Telesat Holdings, Inc., 6.641%, 10/16/14(a)(b) | 1,378 | 1,276 | ||||||
Univision Communications, 1.000%, 09/16/14(a)(b) | 101 | 79 | ||||||
Univision Communications, 5.491%, 09/16/14(a)(b) | 2,899 | 2,278 | ||||||
Univision Communications, 5.625%, 09/16/14(a)(b) | 5,000 | 4,700 | ||||||
Wenner Media LLC, 6.593%, 09/29/13(a)(b) | 2,843 | 2,501 | ||||||
WideOpenWest Finance LLC, 5.620%, 06/30/14(a)(b) | 5,000 | 4,100 | ||||||
61,940 | ||||||||
Miscellaneous Manufacturer (4.3%) | ||||||||
Activant Solutions Holdings, Inc., 6.704%, 05/01/13(a)(b) | 3,726 | 3,190 | ||||||
Aearo Technologies, Inc., 6.393%, 06/01/13(a)(b) | 3,980 | 3,970 | ||||||
Bombardier, Inc., 6.430%, 06/28/13(a)(b) | 4,380 | 3,789 | ||||||
EPCO Holdings, Inc., 4.329%, 08/07/12(a)(b) | 10,000 | 9,750 | ||||||
John Maneely Co., 7.461%, 12/06/13(a)(b) | 2,696 | 2,294 | ||||||
Zuffa, Inc., 4.625%, 06/21/15(a)(b) | 1,985 | 1,290 | ||||||
24,283 | ||||||||
Oil & Gas (4.7%) | ||||||||
Atlas Pipeline Partners LP, 5.460%, 07/27/14(a)(b) | 1,000 | 970 | ||||||
Big West Oil LLC, 1.500%, 05/02/14(a)(b) | 850 | 782 | ||||||
Big West Oil LLC, 5.068%, 05/02/14(a)(b) | 250 | 230 | ||||||
Big West Oil LLC, 5.500%, 05/02/14(a)(b) | 885 | 814 | ||||||
Enterprise GP Holdings LP, 5.888%, 10/27/14(a)(b) | 11,000 | 10,807 | ||||||
Niska Gas Storage, 4.550%, 05/01/11(a)(b) | 138 | 131 | ||||||
Niska Gas Storage, 4.534%, 05/01/13(a)(b) | 1,861 | 1,763 | ||||||
Niska Gas Storage, 4.589%, 05/01/13(a)(b) | 301 | 285 | ||||||
Niska Gas Storage, 4.600%, 05/01/13(a)(b) | 204 | 193 | ||||||
Petroleum Geo-Services ASA, 6.580%, 06/29/15(a)(b) | 7,427 | 7,000 | ||||||
TPF Generation Holdings LLC, 6.830%, 12/15/11(a)(b) | 94 | 82 | ||||||
TPF Generation Holdings LLC, 6.830%, 12/15/13(a)(b) | 1,514 | 1,323 |
102
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
TPF Generation Holdings LLC, 6.830%, 12/15/13(a)(b) | 301 | 263 | ||||||
Vulcan Energy Corp., 0.000%, 09/13/11(a)(b)(c) | 1,000 | 925 | ||||||
Western Refining Co., 4.994%, 04/05/14(a)(b) | 922 | 801 | ||||||
26,369 | ||||||||
Pipelines (2.6%) | ||||||||
Energy Transfer Equity LP, 4.878%, 02/08/12(a)(b) | 12,250 | 11,576 | ||||||
Targa Resources, Inc., 6.830%, 10/31/12(a)(b) | 1,169 | 1,109 | ||||||
Targa Resources, Inc., 6.903%, 10/31/12(a)(b) | 2,072 | 1,968 | ||||||
14,653 | ||||||||
Real Estate (1.1%) | ||||||||
CB Richard Ellis, 4.036%, 12/20/13(a)(b) | 4,861 | 4,278 | ||||||
Mattamy Group, 5.375%, 04/11/13(a)(b) | 1,965 | 1,700 | ||||||
5,978 | ||||||||
Retail (1.8%) | ||||||||
Capital Automotive LP, 4.870%, 12/16/10(a)(b) | 3,519 | 3,279 | ||||||
Gregg Appliances, Inc., 5.340%, 07/25/13(a)(b) | 893 | 794 | ||||||
Petco Animal Supplies, Inc., 6.261%, 10/26/13(a)(b) | 3,950 | 3,500 | ||||||
Sports Authority, Inc. (The), 7.080%, 04/06/13(a)(b) | 2,948 | 2,417 | ||||||
9,990 | ||||||||
Telecommunication Services (11.4%) | ||||||||
Asurion Corp., 6.095%, 07/03/14(a)(b) | 7,500 | 6,300 | ||||||
Asurion Corp., 9.584%, 07/03/15(a)(b) | 3,000 | 2,525 | ||||||
Cequel Communications LLC, 6.507%, 10/01/13(a)(b) | 3,960 | 3,340 | ||||||
Cequel Communications LLC, 7.739%, 05/05/14(a)(b) | 1,000 | 735 | ||||||
FairPoint Communications, Inc., 6.625%, 04/01/16(a)(b) | 1,000 | 878 | ||||||
Hawaiian Telecom Communications, Inc., 3.135%, 04/30/12(a)(b) | 3,592 | 2,730 | ||||||
Intelsat (Bermuda) Ltd., 5.611%, 02/02/14(a)(b) | 16,000 | 15,905 | ||||||
Intelsat Corp. (PanAmSat), 5.611%, 07/03/13(a)(b) | 733 | 670 | ||||||
Intelsat Corp. (PanAmSat), 5.611%, 07/03/13(a)(b) | 733 | 670 | ||||||
Intelsat Corp. (PanAmSat), 5.611%, 07/03/13(a)(b) | 734 | 670 | ||||||
IPC Information Systems, Inc., 7.093%, 05/31/14(a)(b) | 1,489 | 1,127 | ||||||
MCC Iowa LLC, 4.671%, 01/31/15(a)(b) | 1,975 | 1,738 | ||||||
NG Wireless, Inc., 6.976%, 07/31/14(a)(b) | 2,000 | 1,900 | ||||||
Paetec Holding Corp., 5.622%, 02/09/13(a)(b) | 962 | 896 | ||||||
Sorenson Communications, Inc., 7.375%, 08/01/13(a)(b) | 6,450 | 5,990 | ||||||
Sorenson Communications, Inc., 11.830%, 02/01/14(a)(b) | 1,828 | 1,755 | ||||||
Stratos Global Corp., 7.580%, 02/13/12(a)(b) | 2,678 | 2,477 | ||||||
Stratos Global Corp., 7.580%, 02/13/12(a)(b) | 264 | 244 | ||||||
Telesat Holdings, Inc., 0.500%, 10/16/14(a)(b) | 80 | 74 | ||||||
Telesat Holdings, Inc., 6.162%, 10/16/14(a)(b) | 38 | 35 | ||||||
US Telepacific Corp., 8.042%, 08/04/11(a)(b) | 1,120 | 980 | ||||||
Virgin Media Investment Holdings Ltd., 6.055%, 09/03/12(a)(b) | 2,714 | 2,456 | ||||||
West Corp., 5.744%, 10/23/13(a)(b) | 3,433 | 2,981 | ||||||
West Corp., 0.000%, 10/24/13(a)(b)(c) | 1,000 | 980 | ||||||
Wind Acquisition Holdings, 11.201%, 12/07/11(a)(b) | 1,709 | 1,504 |
103
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Telecommunication Services—continued | ||||||||
Wind Acquisition Holdings, 0.000%, 11/26/14(a)(b)(c) | 2,500 | 2,471 | ||||||
Windstream Corp., 5.500%, 07/17/13(a)(b) | 1,990 | 1,908 | ||||||
63,939 | ||||||||
Transportation (1.2%) | ||||||||
Hertz Corp., 4.568%, 12/21/12(a)(b) | 4,468 | 4,176 | ||||||
Hertz Corp., 6.410%, 12/21/12(a)(b) | 684 | 640 | ||||||
Travelport, Inc., 7.080%, 08/09/13(a)(b) | 535 | 465 | ||||||
Volnay Acquisition (Compagnie Generale), 5.122%, 01/12/14(a)(b) | 1,775 | 1,668 | ||||||
6,949 | ||||||||
Total Bank Loans | 525,479 | |||||||
Corporate Bonds (2.6%) | ||||||||
Materials (0.2%) | ||||||||
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(b) | 1,300 | 1,301 | ||||||
Media (1.1%) | ||||||||
Clear Channel Communications, Inc., 7.650%, 09/15/10 | 3,000 | 3,168 | ||||||
Mediacom Broadband LLC, 9.500%, 01/15/13, Callable 04/21/08 @ 101.58 | 3,000 | 2,760 | ||||||
5,928 | ||||||||
Telecommunication Services (1.3%) | ||||||||
Alltel Communications, 10.375%, 12/01/17, Callable 12/01/12 @ 105.19(b) | 2,000 | 1,720 | ||||||
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(b) | 3,000 | 2,881 | ||||||
Intelsat Intermediate, 0.000%, 02/01/15, Callable 02/01/10 @ 104.63(d) | 1,000 | 850 | ||||||
Qwest Communications International, Inc., 6.565%, 02/15/09, Callable 04/21/08 @ 100(a) | 2,000 | 1,980 | ||||||
7,431 | ||||||||
Total Corporate Bonds | 14,660 | |||||||
Preferred Stocks (0.6%) | ||||||||
Financials (0.6%) | ||||||||
Citigroup, Inc., Ser AA, 8.125%, Callable 02/15/18 @ 25 | 40 | 962 | ||||||
Credit Suisse, 7.900%, Callable 03/28/13 @ 25 | 60 | 1,500 | ||||||
DB Cap Trust III, 7.600%, Callable 02/20/18 @ 25 | 40 | 990 | ||||||
Total Preferred Stocks | 3,452 | |||||||
U.S. Treasury Obligation (0.2%) | ||||||||
U.S. Treasury Notes, 3.125%, 10/15/08 | 800 | 807 | ||||||
Total U.S. Treasury Obligations | 807 | |||||||
Money Market Fund (4.7%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(e) | 26,140,589 | 26,141 | ||||||
Total Money Market Fund | 26,141 | |||||||
Total Investments (Cost $617,923)(f) — 101.9% | 570,539 | |||||||
Liabilities in excess of other assets — (1.9)% | (10,524 | ) | ||||||
Net Assets — 100.0% | $ | 560,015 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 94.9% of net assets as of March 31, 2008. |
104
RIDGEWORTH FUNDS March 31, 2008 (Amounts in thousands, except Shares)
Seix Floating Rate High Income Fund — concluded
(c) | This security has not settled as of March 31, 2008 and thus does not have a rate in effect. The security does not have a stated settlement date and will receive a rate upon settling with the custodian. | |
(d) | Step bond. | |
(e) | Affiliate investment. | |
(f) | Represents cost for financial reporting purposes. |
Unrealized | ||||||||
Unfunded | Appreciation | |||||||
Borrower | Commitments($) | (Depreciation)($) | ||||||
Brand Services | 7,500 | (910 | ) | |||||
Calpine Corp. | 4,538 | (596 | ) | |||||
Hawaiian Telecom Communications, Inc. | 2,408 | (578 | ) | |||||
MGM Mirage, Inc. | 1,343 | (70 | ) | |||||
Telcordia Technologies, Inc. | 5,000 | (900 | ) | |||||
Umbrella Acquisition | 5,000 | (1,275 | ) | |||||
(4,329 | ) | |||||||
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Abitibi Consolidated, Inc. | JPMorgan | 1,000 | 2.80 | 06/20/08 | (29 | ) | ||||||||||||
Abitibi Consolidated, Inc. | JPMorgan | 1,500 | 3.45 | 06/20/08 | (41 | ) | ||||||||||||
BC Corp. | Bank of America | (1,000 | ) | 2.65 | 03/20/13 | 17 | ||||||||||||
Kohl’s Corp. | Goldman Sachs | (1,000 | ) | 1.83 | 03/20/13 | (1 | ) | |||||||||||
J.C. Penney Corp., Inc. | Deutsche Bank | (1,000 | ) | 2.65 | 03/20/13 | — | ||||||||||||
Cigna Corp. | JPMorgan | (1,000 | ) | 1.44 | 03/20/13 | (23 | ) | |||||||||||
Humana, Inc. | JPMorgan | (1,000 | ) | 2.25 | 03/20/13 | (14 | ) | |||||||||||
Limited Brands Inc. | Goldman Sachs | (1,000 | ) | 3.47 | 03/20/13 | 11 | ||||||||||||
(80 | ) | |||||||||||||||||
105
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Bank Loans (3.7%) | ||||||||
Commercial Services (0.9%) | ||||||||
Cenveo, Inc., 8.119%, 06/21/14(a)(b) | 6,000 | 6,000 | ||||||
Diversified Financial Services (1.7%) | ||||||||
East Valley Tourist Development Authority, 9.440%, 08/06/14(a)(b) | 11,500 | 11,385 | ||||||
Electric (0.1%) | ||||||||
Calpine Corp., 0.997%, 03/29/09(a)(b) | 875 | 760 | ||||||
Telecommunication Services (1.0%) | ||||||||
Asurion Corp., 6.095%, 07/03/14(a)(b) | 6,500 | 5,460 | ||||||
Sorenson Communications, Inc., 7.375%, 08/01/13(a)(b) | 1,802 | 1,674 | ||||||
7,134 | ||||||||
Total Bank Loans | 25,279 | |||||||
Corporate Bonds (86.8%) | ||||||||
Advertising (0.4%) | ||||||||
R.H. Donnelley Corp., 8.875%, 01/15/16, Callable 01/15/11 @ 104.44 | 1,805 | 1,142 | ||||||
Valassis Communications, Inc., 8.250%, 03/01/15, Callable 03/01/11 @ 104.13(c) | 2,065 | 1,698 | ||||||
2,840 | ||||||||
Aerospace/Defense (0.9%) | ||||||||
Hawker Beechcraft Acquisition Co., 8.500%, 04/01/15, Callable 04/01/11 @ 104.25(c) | 3,090 | 3,175 | ||||||
Hawker Beechcraft Acquisition Co., 8.875%, 04/01/15, Callable 04/01/11 @ 104.44 | 800 | 818 | ||||||
Transdigm, Inc., 7.750%, 07/15/14, Callable 07/15/09 @ 105.81 | 2,380 | 2,380 | ||||||
6,373 | ||||||||
Apparel (0.5%) | ||||||||
Levi Strauss & Co., 9.750%, 01/15/15, Callable 01/15/10 @ 104.88 | 1,260 | 1,255 | ||||||
Levi Strauss & Co., 8.875%, 04/01/16, Callable 04/01/11 @ 104.44(c) | 1,965 | 1,877 | ||||||
3,132 | ||||||||
Auto Manufacturers (0.2%) | ||||||||
Tenneco, Inc., 8.125%, 11/15/15, Callable 11/15/11 @ 104.06(b) | 1,305 | 1,295 | ||||||
Auto Parts & Equipment (1.0%) | ||||||||
Goodyear Tire & Rubber Co. (The), 8.663%, 12/01/09, Callable 04/21/08 @ 100(a) | 5,675 | 5,639 | ||||||
Goodyear Tire & Rubber Co. (The), 8.625%, 12/01/11, Callable 12/01/09 @ 104.31 | 1 | 1 | ||||||
Goodyear Tire & Rubber Co. (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5(c) | 938 | 992 | ||||||
6,632 | ||||||||
Beverages (0.6%) | ||||||||
Constellation Brands, Inc., 8.375%, 12/15/14 | 4,135 | 4,259 | ||||||
Chemicals (1.9%) | ||||||||
Axcan Intermediate Holdings, Inc., 9.250%, 03/01/15, Callable 03/01/11 @ 106.94(b) | 2,250 | 2,227 | ||||||
Huntsman International LLC, 11.625%, 10/15/10, Callable 04/21/08 @ 105.81 | 3,785 | 4,003 |
106
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Chemicals—continued | ||||||||
Ineos Group Holdings PLC, 8.500%, 02/15/16, Callable 02/15/11 @ 104.25(b)(c) | 4,325 | 3,363 | ||||||
Mosaic Co., 7.375%, 12/01/14, Callable 12/01/10 @ 103.69(b) | 990 | 1,059 | ||||||
Mosaic Co., 7.625%, 12/01/16, Callable 12/01/11 @ 103.81(b) | 475 | 511 | ||||||
Reichhold Industries, Inc., 9.000%, 08/15/14, Callable 08/15/10 @ 104.50(b) | 2,310 | 2,264 | ||||||
13,427 | ||||||||
Coal (1.0%) | ||||||||
Arch Western Finance LLC, 6.750%, 07/01/13, Callable 07/01/08 @ 103.38 | 1,830 | 1,826 | ||||||
Peabody Energy Corp., 7.375%, 11/01/16 | 5,120 | 5,299 | ||||||
7,125 | ||||||||
Commercial Services (4.6%) | ||||||||
Aramark Services, Inc., 8.500%, 02/01/15, Callable 02/01/11 @ 104.25 | 4,845 | 4,857 | ||||||
Corrections Corp. of America, 7.500%, 05/01/11, Callable 05/01/08 @ 101.88 | 5,250 | 5,302 | ||||||
Deluxe Corp., 7.375%, 06/01/15, Callable 06/01/11 @ 103.69 | 1,785 | 1,665 | ||||||
DI Finance/DynCorp International, Ser B, 9.500%, 02/15/13, Callable 02/15/09 @ 104.75 | 2,303 | 2,355 | ||||||
Hertz Corp., 8.875%, 01/01/14, Callable 01/01/10 @ 104.44(c) | 1,620 | 1,535 | ||||||
Hertz Corp., 10.500%, 01/01/16, Callable 01/01/11 @ 105.25(c) | 1,935 | 1,812 | ||||||
Iron Mountain, Inc., 8.625%, 04/01/13, Callable 04/07/08 @ 101.44 | 2,200 | 2,222 | ||||||
Iron Mountain, Inc., 7.750%, 01/15/15, Callable 04/07/08 @ 103.88(c) | 3,155 | 3,171 | ||||||
Rainbow National Services LLC, 10.375%, 09/01/14, Callable 09/01/09 @ 105.19(b) | 1,050 | 1,113 | ||||||
Seitel Acquisition Corp., 9.750%, 02/15/14, Callable 02/15/11 @ 104.88 | 2,480 | 2,089 | ||||||
Service Corp. International, 6.750%, 04/01/15 | 1,765 | 1,736 | ||||||
Service Corp. International, 7.000%, 06/15/17 | 1,825 | 1,761 | ||||||
United Rentals NA, Inc., 6.500%, 02/15/12, Callable 04/21/08 @ 103.25 | 2,430 | 2,199 | ||||||
31,817 | ||||||||
Diversified Financial Services (8.5%) | ||||||||
Alamosa Delaware, Inc., 8.500%, 01/31/12, Callable 04/10/08 @ 104.25 | 5,545 | 5,004 | ||||||
Bank of America Corp., Ser K, 8.000%, 12/29/49, Callable 01/30/18 @ 100 | 7,310 | 7,319 |
107
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Buffalo Thunder Development Authority, 9.375%, 12/15/14, Callable 12/15/10 @ 104.69(b) | 1,135 | 851 | ||||||
Ford Motor Credit Corp., 6.625%, 06/16/08 | 3,000 | 2,966 | ||||||
Ford Motor Credit Corp., 5.800%, 01/12/09(c) | 3,760 | 3,582 | ||||||
Ford Motor Credit Corp., 9.750%, 09/15/10 | 4,100 | 3,652 | ||||||
Ford Motor Credit Corp., 7.250%, 10/25/11 | 785 | 645 | ||||||
Ford Motor Credit Corp., 7.993%, 01/13/12(a)(c) | 3,730 | 2,759 | ||||||
Ford Motor Credit Corp., 8.000%, 12/15/16 | 1,000 | 783 | ||||||
Galaxy Entertainment Group, Ltd., 9.875%, 12/15/12, Callable 12/15/09 @ 104.94(b) | 250 | 248 | ||||||
Galaxy Entertainment Group, Ltd., 9.829%, 12/15/10, Callable 12/15/08 @ 101.50(a)(b) | 2,630 | 2,604 | ||||||
GMAC LLC, 5.625%, 05/15/09 | 2,240 | 2,041 | ||||||
GMAC LLC, 7.250%, 03/02/11 | 670 | 528 | ||||||
GMAC LLC, 6.875%, 09/15/11 | 3,940 | 3,016 | ||||||
GMAC LLC, 6.000%, 12/15/11 | 3,025 | 2,261 | ||||||
GMAC LLC, 6.625%, 05/15/12 | 255 | 193 | ||||||
GMAC LLC, 8.000%, 11/01/31 | 5,650 | 4,049 | ||||||
Hexion US Finance Corp., 9.369%, 11/15/14, Callable 11/15/08 @ 102(a) | 1,550 | 1,449 | ||||||
Hexion US Finance Corp., 9.750%, 11/15/14, Callable 11/15/10 @ 104.88 | 2,520 | 2,703 | ||||||
Idearc, Inc., 8.000%, 11/15/16, Callable 11/15/11 @ 104 | 2,275 | 1,473 | ||||||
LVB Acquisition, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105(b)(c) | 3,405 | 3,567 | ||||||
NSG Holdings LLC, 7.750%, 12/15/25(b) | 5,885 | 5,709 | ||||||
Snoqualmie Enterprise Authority, 6.936%, 02/01/14, Callable 02/01/09 @ 103(a)(b) | 1,545 | 1,259 | ||||||
58,661 | ||||||||
Diversified Minerals (1.9%) | ||||||||
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(b) | 2,600 | 2,314 | ||||||
FMG Finance Property Ltd., 10.000%, 09/01/13(b) | 9,110 | 9,793 | ||||||
Ryerson, Inc., 12.574%, 11/01/14, Callable 11/01/09 @ 106(a)(b) | 595 | 536 | ||||||
Ryerson, Inc., 12.000%, 11/01/15, Callable 11/01/11 @ 106(b) | 470 | 444 | ||||||
13,087 | ||||||||
Diversified Operations (3.5%) | ||||||||
Freeport-McMoRan Copper & Gold, Inc., 8.250%, 04/01/15, Callable 04/01/11 @ 104.13 | 5,890 | 6,214 | ||||||
Freeport-McMoRan Copper & Gold, Inc., 8.375%, 04/01/17, Callable 04/01/12 @ 104.19 | 6,845 | 7,264 | ||||||
Leucadia National Corp., 7.000%, 08/15/13 | 1,890 | 1,876 |
108
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Operations—continued | ||||||||
Leucadia National Corp., 7.125%, 03/15/17, Callable 03/15/12 @ 103.56 | 4,745 | 4,496 | ||||||
SPX Corp., 7.625%, 12/15/14(b) | 4,245 | 4,372 | ||||||
24,222 | ||||||||
Electric (11.4%) | ||||||||
AES Corp. (The), 8.750%, 05/15/13, Callable 05/15/08 @ 104.375(b) | 1 | 1 | ||||||
AES Corp. (The), 7.750%, 10/15/15 | 2,155 | 2,171 | ||||||
AES Corp. (The), 8.000%, 10/15/17 | 6,690 | 6,774 | ||||||
Aquila, Inc., 9.950%, 02/01/11 | 4,740 | 4,991 | ||||||
Aquila, Inc., 12.073%, 07/01/12 | 4,200 | 5,176 | ||||||
Baldor Electic Co., 8.625%, 02/15/17, Callable 02/15/12 @ 103.31(c) | 1,470 | 1,455 | ||||||
Edison Mission Energy, 7.500%, 06/15/13 | 265 | 272 | ||||||
Elwood Energy LLC, 8.159%, 07/05/26 | 3,057 | 2,959 | ||||||
Energy Future Holdings, 10.875%, 11/01/17, Callable 11/01/12 @ 105.44(b) | 6,070 | 6,131 | ||||||
General Cable Corp., 7.104%, 04/01/15, Callable 04/01/09 @ 102(a) | 2,720 | 2,346 | ||||||
Homer City Funding LLC, 8.137%, 10/01/19 | 1,369 | 1,423 | ||||||
Inergy LP/Inergy Finance, 8.250%, 03/01/16, Callable 03/01/11 @ 104.13 | 1,565 | 1,600 | ||||||
InterGen NV, 9.000%, 06/30/17, Callable 06/30/12 @ 104.50(b) | 1,600 | 1,672 | ||||||
Midwest Generation LLC, Ser A, 8.300%, 07/02/09 | 1,762 | 1,798 | ||||||
Midwest Generation LLC, Ser B, 8.560%, 01/02/16 | 4,235 | 4,595 | ||||||
Mirant Mid-Atlantic LLC, Ser B, 9.125%, 06/30/17 | 5,814 | 6,432 | ||||||
Mirant Mid-Atlantic LLC, Ser C, 10.060%, 12/30/28 | 2,436 | 2,801 | ||||||
NRG Energy, Inc., 7.375%, 02/01/16, Callable 02/01/11 @ 103.69(c) | 5,390 | 5,282 | ||||||
NRG Energy, Inc., 7.375%, 01/15/17, Callable 11/15/11 @ 100 | 4,375 | 4,255 | ||||||
Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 | 1,855 | 1,887 | ||||||
Sithe/Independence Funding, Ser A, 9.000%, 12/30/13 | 2,754 | 2,886 | ||||||
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(b) | 7,525 | 7,499 | ||||||
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(b)(c) | 3,925 | 3,910 | ||||||
78,316 | ||||||||
Electronics (0.1%) | ||||||||
Flextronics International Ltd., 6.500%, 05/15/13 | 1,035 | 988 | ||||||
109
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Principal | ||||||||
Amount($) | Value($) | |||||||
Entertainment (1.7%) | ||||||||
Harrah’s Operating Co., Inc., 10.750%, 02/01/16, Callable 02/01/12 @ 105.38(b) | 3,440 | 2,898 | ||||||
Mashantucket Pequot Tribe, 8.500%, 11/15/15, Callable 11/15/11 @ 104.25(b) | 3,220 | 2,834 | ||||||
Pokagon Gaming Authority, 10.375%, 06/15/14, Callable 06/15/10 @ 105.19(b) | 1,943 | 2,050 | ||||||
Seneca Gaming Corp., Ser B, 7.250%, 05/01/12, Callable 05/01/08 @ 103.63 | 821 | 774 | ||||||
Shingle Springs Tribal Gaming Authority, 9.375%, 06/15/15, Callable 06/15/11 @ 104.69(b) | 1,910 | 1,690 | ||||||
Sinclair Television Group, 8.000%, 03/15/12, Callable 05/08/08 @ 102.67 | 1,194 | 1,206 | ||||||
11,452 | ||||||||
Environmental Control (2.0%) | ||||||||
Allied Waste North America, Inc., 6.500%, 11/15/10 | 6,800 | 6,800 | ||||||
Allied Waste North America, Inc., 6.375%, 04/15/11 | 5,385 | 5,297 | ||||||
Allied Waste North America, Inc., Ser B, 7.125%, 05/15/16, Callable 05/15/11 @ 103.56(c) | 2,000 | 1,995 | ||||||
14,092 | ||||||||
Food (1.2%) | ||||||||
Del Monte Corp., 8.625%, 12/15/12, Callable 04/21/08 @ 104.31 | 4,627 | 4,708 | ||||||
Smithfield Foods, Inc., Ser B, 8.000%, 10/15/09 | 600 | 609 | ||||||
Stater Brothers Holdings, Inc., 7.750%, 04/15/15, Callable 04/15/11 @ 103.88 | 2,790 | 2,637 | ||||||
7,954 | ||||||||
Forest Products & Paper (2.1%) | ||||||||
Abitibi-Consolidated, Inc., 13.750%, 01/01/11(b) | 3,895 | 3,983 | ||||||
Cascades, Inc., 7.250%, 02/15/13, Callable 05/08/08 @ 103.62 | 625 | 552 | ||||||
Georgia-Pacific LLC, 8.125%, 05/15/11 | 1,450 | 1,439 | ||||||
Georgia-Pacific LLC, 9.500%, 12/01/11 | 3,125 | 3,180 | ||||||
New Page Holding Corp., 10.000%, 05/01/12, Callable 05/01/09 @ 106(b)(c) | 2,000 | 2,030 | ||||||
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(b) | 1,720 | 1,780 | ||||||
Verso Paper Holdings LLC, Ser B, 6.989%, 08/01/14, Callable 08/01/08 @ 102(a) | 2,075 | 1,753 | ||||||
14,717 | ||||||||
Health Care (6.5%) | ||||||||
Boston Scientific Corp., 6.000%, 06/15/11 | 3,080 | 3,003 | ||||||
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44(c) | 6,025 | 6,048 |
110
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Principal | ||||||||
Amount($) | Value($) | |||||||
Health Care—continued | ||||||||
DaVita, Inc., 6.625%, 03/15/13, Callable 03/15/09 @ 103.31 | 3,370 | 3,269 | ||||||
HCA, Inc., 9.125%, 11/15/14, Callable 11/15/10 @ 104.56(c) | 11,930 | 12,288 | ||||||
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63 | 7,835 | 8,129 | ||||||
Health Management Associates, Inc., 6.125%, 04/15/16 | 3,235 | 2,733 | ||||||
Psychiatric Solutions, Inc., 7.750%, 07/15/15, Callable 07/15/10 @ 103.88 | 3,050 | 3,035 | ||||||
Tenet Healthcare Corp., 9.875%, 07/01/14 | 455 | 440 | ||||||
Universal Hospital Services, Inc., 8.288%, 06/01/15, Callable 06/01/09 @ 102(a) | 780 | 694 | ||||||
Universal Hospital Services, Inc. (PIK), 8.500%, 06/01/15, Callable 06/01/11 @ 104.25 | 4,855 | 4,855 | ||||||
44,494 | ||||||||
Insurance (1.5%) | ||||||||
AFC Capital Trust I, Ser B, 8.207%, 02/03/27 | 4,142 | 3,234 | ||||||
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88 | 4,425 | 4,193 | ||||||
Fairfax Financial Holdings, 7.750%, 06/15/17, Callable 06/15/12 @ 103.88(c) | 3,075 | 2,967 | ||||||
10,394 | ||||||||
Lodging (1.8%) | ||||||||
Boyd Gaming Corp., 7.750%, 12/15/12, Callable 04/21/08 @ 103.88 | 2,455 | 2,271 | ||||||
MGM Mirage, Inc., 8.500%, 09/15/10 | 905 | 934 | ||||||
MGM Mirage, Inc., 6.625%, 07/15/15(c) | 3,555 | 3,093 | ||||||
MGM Mirage, Inc., 7.500%, 06/01/16 | 755 | 679 | ||||||
San Pasqual Casino, 8.000%, 09/15/13, Callable 09/15/09 @ 104(b) | 1,365 | 1,273 | ||||||
Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/09 @ 103.31 | 4,065 | 3,913 | ||||||
12,163 | ||||||||
Machinery Diversified (0.6%) | ||||||||
Case Corp., 7.250%, 01/15/16 | 1,375 | 1,334 | ||||||
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56 | 2,700 | 2,646 | ||||||
3,980 | ||||||||
Materials (0.6%) | ||||||||
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(b) | 3,860 | 3,865 | ||||||
Media (6.3%) | ||||||||
Block Communications, Inc., 8.250%, 12/15/15, Callable 12/15/10 @ 104.13(b) | 975 | 916 | ||||||
Clear Channel Communications, Inc., 7.650%, 09/15/10 | 1,800 | 1,901 | ||||||
Dex Media, Inc., 8.000%, 11/15/13, Callable 11/15/08 @ 104 | 360 | 263 |
111
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Media—continued | ||||||||
DirecTV Holdings LLC, 8.375%, 03/15/13, Callable 04/21/08 @ 104.19 | 8,200 | 8,313 | ||||||
EchoStar DBS Corp., 7.125%, 02/01/16 | 5,175 | 4,826 | ||||||
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 | 6,335 | 6,216 | ||||||
LIN Television Corp., 6.500%, 05/15/13, Callable 05/15/12 @ 103.25(c) | 2,690 | 2,495 | ||||||
LIN Television Corp., Ser B, 6.500%, 05/15/13, Callable 05/15/08 @ 103.25 | 2,305 | 2,138 | ||||||
Mediacom Broadband LLC, 9.500%, 01/15/13, Callable 04/21/08 @ 101.58 | 955 | 879 | ||||||
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25 | 7,185 | 6,035 | ||||||
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88 | 4,700 | 4,289 | ||||||
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88 | 3,005 | 2,742 | ||||||
Rogers Cable, Inc., 8.750%, 05/01/32 | 1,400 | 1,551 | ||||||
Univision Communication, Inc., 7.850%, 07/15/11 | 710 | 630 | ||||||
43,194 | ||||||||
Metals (0.6%) | ||||||||
Owens-Brockway Glass Containers, Inc., 8.250%, 05/15/13, Callable 05/15/08 @ 104.12 | 3,715 | 3,845 | ||||||
Miscellaneous Manufacturer (0.8%) | ||||||||
American Railcar Industries, 7.500%, 03/01/14, Callable 03/01/11 @ 103.75 | 1,755 | 1,544 | ||||||
Bombardier, Inc., 6.300%, 05/01/14(b) | 2,340 | 2,223 | ||||||
Bombardier, Inc., 8.000%, 11/15/14, Callable 11/15/10 @ 104(b) | 1,900 | 1,957 | ||||||
5,724 | ||||||||
Oil & Gas (9.3%) | ||||||||
Atlas Energy Resources LLC, 10.750%, 02/01/18, Callable 02/01/13 @ 105.38(b) | 1,885 | 1,908 | ||||||
Chesapeake Energy Corp., 7.625%, 07/15/13 | 7,585 | 7,774 | ||||||
Chesapeake Energy Corp., 7.500%, 06/15/14, Callable 06/15/09 @ 103.75 | 345 | 354 | ||||||
Chesapeake Energy Corp., 7.000%, 08/15/14, Callable 08/15/09 @ 103.50 | 4,125 | 4,135 | ||||||
Chesapeake Energy Corp., 7.750%, 01/15/15, Callable 04/10/08 @ 103.88 | 1,300 | 1,339 | ||||||
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 | 4,225 | 4,288 | ||||||
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88 | 1,510 | 1,533 | ||||||
Cimarex Energy Co., 7.125%, 05/01/17, Callable 05/01/12 @ 103.56 | 1,995 | 1,980 |
112
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Compton Petroleum Finance Corp., 7.625%, 12/01/13, Callable 12/01/09 @ 103.81 | 4,480 | 4,289 | ||||||
Connacher Oil & Gas, 10.250%, 12/15/15, Callable 12/15/11 @ 105.13(b) | 4,895 | 4,932 | ||||||
Mariner Energy, Inc., 8.000%, 05/15/17, Callable 05/15/12 @ 104 | 2,465 | 2,354 | ||||||
OPTI Canada, Inc., 7.875%, 12/15/14, Callable 12/15/10 @ 104.13 | 5,115 | 5,000 | ||||||
OPTI Canada, Inc., 8.250%, 12/15/14, Callable 12/15/10 @ 104.13 | 5,085 | 5,034 | ||||||
Petrohawk Energy Corp., 9.125%, 07/15/13, Callable 07/15/10 @ 104.56 | 4,210 | 4,326 | ||||||
Pioneer Natural Resources Co., 6.650%, 03/15/17 | 2,915 | 2,759 | ||||||
Sabine Pass LNG LP, 7.250%, 11/30/13 | 2,895 | 2,794 | ||||||
Sabine Pass LNG LP, 7.500%, 11/30/16 | 4,540 | 4,381 | ||||||
Southwestern Energy Co., 7.500%, 02/01/18(b) | 795 | 823 | ||||||
United Refining Co., 10.500%, 08/15/12, Callable 08/15/08 @ 105.25 | 2,705 | 2,678 | ||||||
Western Oil Sands, Inc., 8.375%, 05/01/12 | 1,064 | 1,195 | ||||||
63,876 | ||||||||
Packaging & Containers (0.9%) | ||||||||
Graphic Packaging International, 9.500%, 08/15/13, Callable 08/15/08 @ 104.75(c) | 3,200 | 3,072 | ||||||
Silgan Holdings, Inc., 6.750%, 11/15/13, Callable 11/15/08 @ 103.38 | 3,000 | 2,805 | ||||||
5,877 | ||||||||
Pipelines (2.5%) | ||||||||
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06 | 2,085 | 2,158 | ||||||
Dynegy Holdings, Inc., 7.500%, 06/01/15 | 1,130 | 1,059 | ||||||
El Paso Corp., 7.000%, 06/15/17 | 790 | 813 | ||||||
Kinder Morgan, 5.700%, 01/05/16(c) | 7,200 | 6,822 | ||||||
Markwest Energy Partners LP, Ser B, 8.500%, 07/15/16, Callable 07/15/11 @ 104.25 | 3,295 | 3,320 | ||||||
Tennessee Gas Pipeline, 7.500%, 04/01/17 | 2,500 | 2,698 | ||||||
Transcontinental Gas Pipe Line Corp., Ser B, 8.875%, 07/15/12 | 325 | 370 | ||||||
17,240 | ||||||||
Real Estate (0.7%) | ||||||||
American Real Estate Partners LP, 8.125%, 06/01/12, Callable 06/01/08 @ 104.06 | 1,450 | 1,414 | ||||||
American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 | 3,980 | 3,612 | ||||||
5,026 | ||||||||
113
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Real Estate—continued | ||||||||
REITS (0.9%) | ||||||||
Host Marriott LP, 7.125%, 11/01/13, Callable 11/01/08 @ 103.56 | 4,110 | 4,028 | ||||||
Omega Healthcare Investors, Inc., 7.000%, 04/01/14, Callable 04/01/09 @ 103.5 | 2,268 | 2,177 | ||||||
6,205 | ||||||||
Retail (0.3%) | ||||||||
Gamestop Corp., 8.000%, 10/01/12, Callable 10/01/09 @ 104 | 2,025 | 2,141 | ||||||
Semiconductors (0.1%) | ||||||||
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63 | 330 | 317 | ||||||
Avago Technologies Finance Ltd., 10.624%, 06/01/13, Callable 04/21/08 @ 102(a)(c) | 422 | 416 | ||||||
733 | ||||||||
Telecommunication Services (9.2%) | ||||||||
Alltel Communications, 10.375%, 12/01/17, Callable 12/01/12 @ 105.19(b) | 7,295 | 6,274 | ||||||
Citizens Communications Co., 9.250%, 05/15/11 | 1,600 | 1,656 | ||||||
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(b) | 3,175 | 3,048 | ||||||
GCI, Inc., 7.250%, 02/15/14, Callable 02/15/09 @ 103.62 | 2,265 | 1,869 | ||||||
Inmarsat Finance II PLC, 0.000%, 11/15/12, Callable 11/15/08 @ 105.19(d) | 4,980 | 4,831 | ||||||
Inmarsat Group Ltd., 7.625%, 06/30/12, Callable 04/21/08 @ 103.81 | 2,679 | 2,672 | ||||||
Intelsat Subsidiary Holding Co. Ltd., 8.250%, 01/15/13, Callable 01/15/09 @ 104.13 | 10,535 | 10,614 | ||||||
Nordic Telephone Co. Holdings, 8.875%, 05/01/16, Callable 05/01/11 @ 104.44(b)(c) | 2,995 | 2,905 | ||||||
NTL Cable PLC, 8.750%, 04/15/14, Callable 04/15/09 @ 104.375 | 5,444 | 4,886 | ||||||
Qwest Communications International, Inc., 6.565%, 02/15/09, Callable 04/21/08 @ 100(a) | 1,139 | 1,128 | ||||||
Qwest Communications International, Inc., 7.250%, 02/15/11, Callable 04/21/08 @ 103.62(c) | 4,575 | 4,392 | ||||||
Qwest Corp., 8.241%, 06/15/13(a) | 1,500 | 1,350 | ||||||
Rogers Wireless, Inc., 9.625%, 05/01/11 | 1,118 | 1,238 | ||||||
Rural Cellular Corp., 8.250%, 03/15/12, Callable 04/07/08 @ 104.12 | 2,740 | 2,808 | ||||||
Telcordia Technologies, Inc., 8.008%, 07/15/12, Callable 07/15/08 @ 102(a)(b) | 4,745 | 3,606 | ||||||
Valor Telecommunications Enterprise LLC, 7.750%, 02/15/15, Callable 02/15/10 @ 103.88 | 2,580 | 2,635 |
114
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Telecommunication Services—continued | ||||||||
Virgin Media Finance PLC, 9.125%, 08/15/16, Callable 08/15/11 @ 104.56 | 650 | 582 | ||||||
Wind Acquisition Finance SA, 10.750%, 12/01/15, Callable 12/01/10 @ 105.38(b) | 4,975 | 5,074 | ||||||
Windstream Corp., 8.625%, 08/01/16, Callable 08/01/11 @ 104.31(c) | 762 | 749 | ||||||
Windstream Regatta Holdings, 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(b) | 2,015 | 1,229 | ||||||
63,546 | ||||||||
Transportation (0.7%) | ||||||||
Bristow Group, Inc., 7.500%, 09/15/17, Callable 09/15/12 @ 103.75 | 1,870 | 1,879 | ||||||
CHC Helicopter Corp., 7.375%, 05/01/14, Callable 05/01/09 @ 103.69 | 2,997 | 2,986 | ||||||
4,865 | ||||||||
Total Corporate Bonds | 597,557 | |||||||
Preferred Stocks (2.5%) | ||||||||
Financials (2.5%) | ||||||||
Citigroup, Inc., Ser AA, 8.125%, Callable 02/15/18 @ 25 | 126 | 3,036 | ||||||
Credit Suisse, 7.900%, Callable 03/28/13 @ 25 | 262 | 6,542 | ||||||
DB Cap Trust III, 7.600%, Callable 02/20/18 @ 25 | 70 | 1,741 | ||||||
Fannie Mae, 8.25%, Callable 12/31/10 @ 25 | 222 | 5,349 | ||||||
Freddie Mac, Ser Z, 8.375%, Callable 12/31/12 @ 25 | 34 | 817 | ||||||
Total Preferred Stocks | 17,485 | |||||||
U.S. Treasury Obligations (0.5%) | ||||||||
U.S. Treasury Notes (0.5%) | ||||||||
3.125%, 10/15/08 | 3,750 | 3,785 | ||||||
Total U.S. Treasury Obligations | 3,785 | |||||||
Short-Term Investments (7.1%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(e) | 49,132,675 | 49,133 | ||||||
Total Short-Term Investments | 49,133 | |||||||
Money Market Fund (2.0%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(f) | 13,457,223 | 13,457 | ||||||
Total Money Market Fund | 13,457 | |||||||
Total Investments (Cost $728,411)(g) — 102.6% | 706,696 | |||||||
Liabilities in excess of other assets — (2.6)% | (17,963 | ) | ||||||
Net Assets — 100.0% | $ | 688,733 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 21.1% of net assets as of March 31, 2008. | |
(c) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $47,004. | |
(d) | Step bond. |
115
(e) | This security was purchased with cash collateral held from securities lending. | |
(f) | Affiliate investment. | |
(g) | Represents cost for financial reporting purposes. | |
PIK | — Payment in-kind |
Unrealized | ||||||||
Unfunded | Appreciation | |||||||
Borrower | Commitments($) | (Depreciation)($) | ||||||
Umbrella Acquisition, | 5,000 | (1,275 | ) | |||||
Calpine Corp., | 4,125 | (542 | ) | |||||
(1,817 | ) | |||||||
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Abitibi Consolidated, Inc. | JPMorgan | 8,500 | 3.45 | 06/20/08 | (234 | ) | ||||||||||||
Brunswick | Bank of America | (7,000 | ) | 2.08 | 03/20/13 | 289 | ||||||||||||
Cigna Corp. | JPMorgan | (3,000 | ) | 1.44 | 03/20/13 | (68 | ) | |||||||||||
Humana, Inc. | JPMorgan | (2,500 | ) | 2.25 | 03/20/13 | (35 | ) | |||||||||||
J.C. Penney Corp., Inc. | Deutsche Bank | (2,000 | ) | 2.65 | 03/20/13 | 1 | ||||||||||||
Limited Brands, Inc. | Goldman Sachs | (2,000 | ) | 4.00 | 03/20/13 | (22 | ) | |||||||||||
(69 | ) | |||||||||||||||||
116
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Commercial Paper (3.0%) | ||||||||
Banks (1.5%) | ||||||||
Lloyds TSB Bank PLC, 2.740%, 04/01/08(a) | 6,000 | 5,999 | ||||||
Diversified Financial Services (1.5%) | ||||||||
Dexia Delaware LLC, 2.540%, 04/01/08(a) | 6,000 | 6,000 | ||||||
Total Commercial Paper | 11,999 | |||||||
Asset-Backed Securities (2.5%) | ||||||||
Automobile ABS (2.5%) | ||||||||
Capital Auto Receivables Asset Trust, Ser 2006-1, Cl A3, 5.030%, 10/15/09 | 1,667 | 1,676 | ||||||
Capital One Prime Auto Receivable Trust, Ser 2006-1 Cl A3, 4.990%, 09/15/10 | 2,060 | 2,077 | ||||||
Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A3, 4.917%, 10/19/09 | 1,130 | 1,136 | ||||||
USAA Auto Owner Trust, Ser 2006-4 Cl A3, 5.010%, 06/15/11 | 5,000 | 5,065 | ||||||
Total Asset-Backed Securities | 9,954 | |||||||
Collateralized Mortgage Obligations (23.3%) | ||||||||
Adjustable Rate Mortgage Trust, Ser 2005-1, Cl 2A22, 4.592%, 05/25/35(b) | 1,640 | 1,652 | ||||||
Adjustable Rate Mortgage Trust, Ser 2005-4, Cl 3A1, 4.963%, 08/25/35(b) | 3,904 | 3,660 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2004-2, Cl A2, 3.520%, 11/10/38 | 1,387 | 1,370 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2004-5, Cl A3, 4.561%, 11/10/41 | 2,300 | 2,227 | ||||||
Bear Stearns Alternative-A Trust, Ser 2006-2, Cl 23A1, 5.954%, 03/25/36(b) | 3,590 | 2,784 | ||||||
Bear Stearns Commercial Mortgage Securities, Ser 2004-ESA, Cl C, 4.937%, 05/14/16(c) | 3,000 | 3,085 | ||||||
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42 | 1,265 | 1,261 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2004-C3, Cl A3, 4.221%, 07/15/36 | 4,670 | 4,619 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2005-C1, Cl A2, 4.609%, 02/15/38 | 4,745 | 4,689 | ||||||
Deutsche Mortgage Securities, Inc., Ser 2004-5, Cl A2, 4.980%, 07/25/34 | 3,046 | 3,037 | ||||||
First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35(b) | 2,337 | 1,130 | ||||||
First Horizon Alternative Mortgage Securities, Ser 2005-AA7, Cl 2A1, 5.406%, 09/25/35(b) | 2,132 | 1,768 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2004-GG1, Cl A3, 4.404%, 06/10/36 | 3,021 | 3,000 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2005-GG3, Cl A2, 4.305%, 08/10/42 | 4,810 | 4,745 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2005-GG5, Cl A2, 5.117%, 04/10/37 | 3,200 | 3,180 | ||||||
GSR Mortgage Loan Trust, Ser 2007-AR1, Cl 2A1, 6.018%, 03/25/37(b) | 2,934 | 2,790 | ||||||
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A2, 4.625%, 03/15/46 | 3,395 | 3,360 |
117
Short-Term Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
LB Commercial Conduit Mortgage Trust, Ser 1998-C4, Cl A1B, 6.210%, 10/15/35 | 1,737 | 1,738 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2005-C1, Cl A2, 4.310%, 02/15/30 | 4,500 | 4,428 | ||||||
MASTR Adjustable Rate Mortgages Trust, Ser 2007-1, Cl 2A1, 5.976%, 11/25/36(b) | 4,106 | 3,904 | ||||||
Morgan Stanley Capital I, Ser 1998-XL2, Cl A2, 6.170%, 10/03/34 | 5,280 | 5,296 | ||||||
Morgan Stanley Capital I, Ser 2006-HQ8, Cl A1, 5.195%, 03/12/44 | 885 | 881 | ||||||
Residential Accredit Loans, Inc., Ser 2003-QS17, Cl CB3, 5.500%, 09/25/33 | 2,321 | 2,313 | ||||||
Residential Funding Mortgage Securities I, Ser 2004-S3, Cl A1, 4.750%, 03/25/19 | 3,686 | 3,573 | ||||||
SunTrust Adjustable Rate Mortgage Loan Trust, Ser 2007-S1, Cl 1A, 5.175%, 08/25/22(b) | 3,008 | 2,613 | ||||||
Wachovia Bank Commercial Mortgage Trust, Ser 2002-C1 Cl A2, 5.681%, 04/15/34 | 384 | 384 | ||||||
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41 | 4,029 | 3,978 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2004-S, Cl A5, 3.541%, 09/25/34(b) | 3,420 | 3,418 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-16, Cl A12, 5.432%, 11/25/36 | 4,096 | 4,086 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 2A4, 5.241%, 04/25/36(b) | 3,643 | 3,602 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 3A1, 5.238%, 04/25/36(b) | 4,290 | 4,146 | ||||||
Total Collateralized Mortgage Obligations | 92,717 | |||||||
Corporate Bonds (29.6%) | ||||||||
Aerospace/Defense (0.5%) | ||||||||
Raytheon Co., 4.850%, 01/15/11 | 2,000 | 2,061 | ||||||
Auto Parts & Equipment (0.3%) | ||||||||
Johnson Controls, Inc., 5.250%, 01/15/11 | 1,250 | 1,290 | ||||||
Banks (4.7%) | ||||||||
American Express Bank, 2.666%, 04/26/10(b) | 4,300 | 4,112 | ||||||
Bank of America Corp., 7.400%, 01/15/11 | 4,455 | 4,770 | ||||||
JPMorgan Chase & Co., 7.000%, 11/15/09 | 2,540 | 2,654 | ||||||
Wachovia Corp., 6.375%, 02/01/09 | 3,300 | 3,335 | ||||||
Wells Fargo & Co., 4.375%, 01/31/13 | 3,900 | 3,880 | ||||||
18,751 | ||||||||
Beverages (1.0%) | ||||||||
Diageo Capital PLC, 4.375%, 05/03/10 | 3,765 | 3,839 | ||||||
Commercial Services (0.3%) | ||||||||
ERAC USA Finance Co., 7.350%, 06/15/08(c) | 1,125 | 1,133 | ||||||
Computers (0.2%) | ||||||||
Hewlett-Packard Co., 4.500%, 03/01/13 | 790 | 801 | ||||||
Consumer Staples (1.1%) | ||||||||
Avon Products, Inc., 5.125%, 01/15/11 | 1,915 | 1,962 | ||||||
Kellogg Co., 4.250%, 03/06/13 | 2,345 | 2,338 | ||||||
4,300 | ||||||||
Diversified Financial Services (12.5%) | ||||||||
American Honda Finance Corp., 4.625%, 04/02/13, MTN(c) | 2,000 | 2,011 | ||||||
Boeing Capital Corp., 4.750%, 08/25/08 | 2,437 | 2,461 |
118
Short-Term Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Caterpillar Financial Services Corp., 4.150%, 01/15/10, MTN | 2,915 | 2,959 | ||||||
Citigroup, Inc., 6.200%, 03/15/09 | 3,225 | 3,279 | ||||||
Credit Suisse (USA), Inc., 5.250%, 03/02/11 | 3,395 | 3,494 | ||||||
General Electric Capital Corp., Ser A, 4.125%, 09/01/09, MTN | 2,125 | 2,153 | ||||||
Goldman Sachs Group, Inc. (The), 6.875%, 01/15/11 | 4,550 | 4,856 | ||||||
HSBC Finance Corp., 4.125%, 11/16/09 | 2,720 | 2,678 | ||||||
ING USA Global Trust, 4.500%, 10/01/10 | 2,500 | 2,589 | ||||||
International Lease Finance Corp., 5.750%, 06/15/11 | 3,250 | 3,270 | ||||||
John Deere Capital Corp., Ser D, 4.875%, 03/16/09, MTN | 2,806 | 2,843 | ||||||
Lehman Brothers Holdings, Inc., 5.625%, 01/24/13 | 1,375 | 1,337 | ||||||
Lehman Brothers Holdings, Inc., Ser G, 4.250%, 01/27/10, MTN(d) | 2,455 | 2,368 | ||||||
Merrill Lynch & Co., Inc., 4.831%, 10/27/08 | 2,060 | 2,064 | ||||||
Merrill Lynch & Co., Ser C, 5.450%, 02/05/13 | 1,920 | 1,889 | ||||||
Morgan Stanley, 4.000%, 01/15/10 | 3,900 | 3,853 | ||||||
Prudential Financial, Inc., Ser D, 5.150%, 01/15/13, MTN | 4,020 | 4,014 | ||||||
Wells Fargo & Co., 4.200%, 01/15/10 | 1,725 | 1,754 | ||||||
49,872 | ||||||||
Energy (0.5%) | ||||||||
MidAmerican Energy Holdings Co., 3.500%, 05/15/08 | 2,000 | 2,000 | ||||||
Health Care (0.7%) | ||||||||
Abbott Laboratories, 5.150%, 11/30/12 | 2,545 | 2,710 | ||||||
Media (1.1%) | ||||||||
Comcast Cable Communication, Inc., 6.750%, 01/30/11 | 1,750 | 1,820 | ||||||
Cox Communications, Inc., 7.750%, 11/01/10 | 1,705 | 1,832 | ||||||
Time Warner Entertainment Co., 7.250%, 09/01/08 | 810 | 819 | ||||||
4,471 | ||||||||
Miscellaneous Manufacturer (1.4%) | ||||||||
Avon Products, Inc., 7.150%, 11/15/09 | 2,195 | 2,327 | ||||||
Honeywell International, Inc., 7.500%, 03/01/10 | 3,165 | 3,411 | ||||||
5,738 | ||||||||
Oil & Gas (0.6%) | ||||||||
Anadarko Petroleum Corp., 3.250%, 05/01/08 | 1,470 | 1,470 | ||||||
Enterprise Products Partners LP, Ser B, 4.625%, 10/15/09 | 740 | 749 | ||||||
2,219 | ||||||||
Pipelines (1.1%) | ||||||||
CenterPoint Energy Resources Corp., 7.750%, 02/15/11 | 1,650 | 1,782 | ||||||
DCP Midstream LLC, 7.875%, 08/16/10 | 1,405 | 1,506 | ||||||
ONEOK Partners LP, 7.100%, 03/15/11 | 886 | 945 | ||||||
4,233 | ||||||||
Retail (0.8%) | ||||||||
Wal-Mart Stores, Inc., 6.875%, 08/10/09 | 3,080 | 3,251 | ||||||
Software (1.0%) | ||||||||
Oracle Corp., 5.000%, 01/15/11 | 3,860 | 3,960 | ||||||
Telecommunication Services (0.8%) | ||||||||
BellSouth Telecommunications, Inc., 5.875%, 01/15/09 | 1,450 | 1,474 | ||||||
SBC Communications, Inc., 4.125%, 09/15/09 | 790 | 794 | ||||||
Verizon Communications, Inc., 4.350%, 02/15/13 | 1,130 | 1,107 | ||||||
3,375 | ||||||||
119
Short-Term Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Transportation (0.6%) | ||||||||
Burlington Northern Santa Fe Corp., 5.750%, 03/15/18 | 1,000 | 1,003 | ||||||
Union Pacific Corp., 6.650%, 01/15/11 | 1,215 | 1,284 | ||||||
2,287 | ||||||||
Utilities (0.4%) | ||||||||
American Electric Power Co., Inc., Ser C, 5.375%, 03/15/10 | 1,395 | 1,427 | ||||||
Total Corporate Bonds | 117,718 | |||||||
Master Notes (1.8%) | ||||||||
Banks (1.8%) | ||||||||
Bank of America Corp., 3.100%(b)(e) | 7,001 | 7,001 | ||||||
Total Master Notes | 7,001 | |||||||
U.S. Government Agencies (7.8%) | ||||||||
Fannie Mae (2.6%) | ||||||||
5.080%, 05/14/10, Callable 05/14/09 @ 100 | 2,275 | 2,346 | ||||||
4.500%, 02/15/11 | 7,500 | 7,878 | ||||||
10,224 | ||||||||
Federal Home Loan Bank (2.8%) | ||||||||
5.250%, 08/05/09 | 8,500 | 8,835 | ||||||
5.000%, 03/12/10 | 2,375 | 2,499 | ||||||
11,334 | ||||||||
Freddie Mac (2.4%) | ||||||||
5.125%, 11/24/10, Callable 11/24/08 @ 100 | 5,375 | 5,467 | ||||||
5.400%, 02/02/12, Callable 02/02/09 @ 100 | 3,850 | 3,949 | ||||||
9,416 | ||||||||
Total U.S. Government Agencies | 30,974 | |||||||
U.S. Government Agency Mortgages (21.2%) | ||||||||
Fannie Mae (14.5%) | ||||||||
6.653%, 07/01/09 | 1,579 | 1,606 | ||||||
6.850%, 08/01/09 | 3,961 | 4,063 | ||||||
6.955%, 10/01/10(b) | 2,954 | 3,140 | ||||||
7.010%, 11/01/10 | 2,993 | 3,191 | ||||||
5.620%, 02/01/12 | 3,995 | 4,171 | ||||||
4.628%, 08/01/13 | 5,226 | 5,226 | ||||||
4.000%, 12/01/14 | 2,600 | 2,612 | ||||||
4.500%, 07/01/15 | 2,878 | 2,923 | ||||||
4.500%, 01/25/25 | 4,205 | 4,217 | ||||||
5.000%, 11/25/26 | 1,348 | 1,361 | ||||||
6.000%, 12/25/30 | 2,610 | 2,698 | ||||||
6.000%, 04/01/32 | 5,000 | 5,122 | ||||||
6.941%, 09/01/33(b) | 424 | 434 | ||||||
6.937%, 10/01/33(b) | 640 | 657 | ||||||
4.313%, 03/01/34(b) | 1,601 | 1,621 | ||||||
4.667%, 05/01/35(b) | 4,757 | 4,811 | ||||||
5.346%, 06/01/36(b) | 5,357 | 5,475 | ||||||
5.421%, 11/01/37(b) | 4,221 | 4,279 | ||||||
57,607 | ||||||||
Freddie Mac (5.5%) | ||||||||
4.000%, 07/01/08 | 1,152 | 1,152 | ||||||
3.750%, 12/15/11 | 1,287 | 1,289 | ||||||
5.591%, 01/25/12(b) | 2,250 | 2,339 | ||||||
5.591%, 05/15/16(b) | 2,859 | 2,905 | ||||||
4.500%, 08/15/19 | 86 | 87 | ||||||
5.000%, 12/15/20 | 339 | 339 | ||||||
4.500%, 10/15/28 | 2,498 | 2,509 | ||||||
4.275%, 03/01/34(b) | 1,573 | 1,591 | ||||||
4.891%, 04/01/34(b) | 1,108 | 1,134 | ||||||
6.227%, 09/01/36(b) | 3,096 | 3,182 | ||||||
5.510%, 04/01/37(b) | 5,263 | 5,335 | ||||||
21,862 | ||||||||
Ginnie Mae (1.2%) | ||||||||
6.007%, 02/16/24(b) | 426 | 436 | ||||||
3.701%, 05/16/25 | 4,431 | 4,437 | ||||||
4,873 | ||||||||
Total U.S. Government Agency Mortgages | 84,342 | |||||||
U.S. Treasury Obligations (9.3%) | ||||||||
U.S. Treasury Notes (9.3%) | ||||||||
3.500%, 08/15/09(d) | 8,296 | 8,517 | ||||||
3.500%, 02/15/10(d) | 9,210 | 9,532 | ||||||
4.750%, 02/15/10 | 1,110 | 1,174 | ||||||
4.250%, 01/15/11 | 9,000 | 9,619 | ||||||
4.750%, 01/31/12(d) | 7,450 | 8,163 | ||||||
Total U.S. Treasury Obligations | 37,005 | |||||||
Short-Term Investments (5.1%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(f) | 20,259,958 | 20,260 | ||||||
Total Short-Term Investments | 20,260 | |||||||
120
Short-Term Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (2.9%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(g) | 11,632,212 | 11,632 | ||||||
Total Money Market Fund | 11,632 | |||||||
Total Investments (Cost $422,805)(h) — 106.5% | 423,602 | |||||||
Liabilities in excess of other assets — (6.5)% | (25,699 | ) | ||||||
Net Assets — 100.0% | $ | 397,903 | ||||||
(a) | Rate represents the effective yield at purchase. | |
(b) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 1.6% of net assets as of March 31, 2008. | |
(d) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $19,800. | |
(e) | Perpetual maturity. | |
(f) | This security was purchased with cash collateral held from securities lending. | |
(g) | Affiliate investment. | |
(h) | Represents cost for financial reporting purposes. | |
MTN | — Medium Term Note |
Unrealized | ||||||||||||||||||||
Notional | Expiration | Appreciation | ||||||||||||||||||
Description | Type | Amount($) | Month | Contracts | (Depreciation)($) | |||||||||||||||
U.S. 10YR Note | Short | 1,190 | 06/08 | 10 | (20 | ) |
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Merrill Lynch & Co., Inc | Barclays Bank PLC | 8,500 | 0.95 | 9/20/12 | (683 | ) | ||||||||||||
Merrill Lynch & Co., Inc | Barclays Bank PLC | (5,000 | ) | 1.06 | 9/20/17 | 342 | ||||||||||||
(341 | ) | |||||||||||||||||
121
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Treasury Obligations (97.4%) | ||||||||
U.S. Treasury Notes (97.4%) | ||||||||
4.375%, 11/15/08(a) | 4,000 | 4,071 | ||||||
4.500%, 02/15/09 | 5,000 | 5,128 | ||||||
4.875%, 08/15/09 | 27,000 | 28,212 | ||||||
3.250%, 12/31/09(a) | 15,000 | 15,413 | ||||||
4.125%, 08/15/10(a) | 11,000 | 11,636 | ||||||
4.500%, 11/15/10 | 2,500 | 2,681 | ||||||
4.625%, 02/29/12(a) | 5,500 | 6,000 | ||||||
Total U.S. Treasury Obligations | 73,141 | |||||||
Short-Term Investments (36.3%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(b) | 27,255,738 | 27,256 | ||||||
Total Short-Term Investments | 27,256 | |||||||
Money Market Fund (3.5%) | ||||||||
Federated U.S. Treasury Cash Reserve Fund | 2,601,422 | 2,601 | ||||||
Total Money Market Fund | 2,601 | |||||||
Total Investments (Cost $100,350)(c) — 137.2% | 102,998 | |||||||
Liabilities in excess of other assets — (37.2)% | (27,943 | ) | ||||||
Net Assets — 100.0% | $ | 75,055 | ||||||
(a) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $26,498. | |
(b) | This security was purchased with cash collateral held from securities lending. | |
(c) | Represents cost for financial reporting purposes. |
122
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (0.6%) | ||||||||
Collateralized Loan Obligations ABS (0.6%) | ||||||||
Commercial Industrial Finance Corp., Ser 2006-1BA, Cl B2L, 6.599%, 12/22/20(a)(b) | 280 | 165 | ||||||
Muir Grove CLO Ltd., Ser 2007-1A, Cl B, 7.348%, 03/25/20(a)(b) | 500 | 406 | ||||||
Total Asset-Backed Securities | 571 | |||||||
Bank Loans (3.6%) | ||||||||
Diversified Financial Services (2.3%) | ||||||||
Cenveo, Inc., 8.119%, 06/21/14(a)(c) | 425 | 425 | ||||||
Clarke American Corp., 5.197%, 04/01/14(a)(c) | 636 | 510 | ||||||
East Valley Tourist Development Authority, 9.440%, 08/06/14(a)(c) | 1,100 | 1,089 | ||||||
2,024 | ||||||||
Telecommunication Services (1.3%) | ||||||||
Asurion Corp., 6.095%, 07/03/14(a)(c) | 430 | 361 | ||||||
Wind Acquisition Holdings, 11.201%, 12/07/11(a)(c) | 854 | 753 | ||||||
1,114 | ||||||||
Total Bank Loans | 3,138 | |||||||
Collateralized Mortgage Obligations (8.0%) | ||||||||
Diversified Financial Services (8.0%) | ||||||||
Banc of America Commercial Mortgage, Inc., Ser 2005-6 Cl A4, 5.181%, 09/10/47(a) | 3,000 | 2,984 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2006-GG7, Cl A4, 5.911%, 07/10/38(a) | 4,000 | 4,084 | ||||||
Total Collateralized Mortgage Obligations | 7,068 | |||||||
Corporate Bonds (36.7%) | ||||||||
Advertising (1.0%) | ||||||||
TL Acquisitions, Inc., 10.500%, 01/15/15, Callable 07/15/11 @ 105.25(c) | 850 | 731 | ||||||
Valassis Communications, Inc., 8.250%, 03/01/15, Callable 03/01/11 @ 104.13(d) | 150 | 123 | ||||||
854 | ||||||||
Apparel (0.2%) | ||||||||
Levi Strauss & Co., 8.875%, 04/01/16, Callable 04/01/11 @ 104.44 | 200 | 191 | ||||||
Auto Manufacturers (0.1%) | ||||||||
Tenneco, Inc., 8.125%, 11/15/15, Callable 11/15/11 @ 104.06(c) | 90 | 89 | ||||||
Beverages (0.3%) | ||||||||
Constellation Brands, Inc., 8.375%, 12/15/14 | 250 | 257 | ||||||
Chemicals (1.4%) | ||||||||
Axcan Intermediate Holdings, Inc., 9.250%, 03/01/15, Callable 03/01/11 @ 106.94(c) | 850 | 842 | ||||||
Ineos Group Holdings PLC, 8.500%, 02/15/16, Callable 02/15/11 @ 104.25(c)(d) | 520 | 404 | ||||||
1,246 | ||||||||
Commercial Services (1.5%) | ||||||||
Atlantic Broadband, Inc., 9.375%, 01/15/14, Callable 01/15/09 @ 104.69 | 625 | 550 | ||||||
Deluxe Corp., 7.375%, 06/01/15, Callable 06/01/11 @ 103.69 | 80 | 75 | ||||||
Deluxe Corp., Ser B, 5.125%, 10/01/14 | 175 | 143 |
123
Strategic Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Commercial Services—continued | ||||||||
Hertz Corp., 8.875%, 01/01/14, Callable 01/01/10 @ 104.44 | 65 | 61 | ||||||
Hertz Corp., 10.500%, 01/01/16, Callable 01/01/11 @ 105.25(d) | 250 | 234 | ||||||
Iron Mountain, Inc., 8.625%, 04/01/13, Callable 04/07/08 @ 101.44 | 120 | 121 | ||||||
Iron Mountain, Inc., 7.750%, 01/15/15, Callable 04/07/08 @ 103.88 | 120 | 121 | ||||||
1,305 | ||||||||
Diversified Financial Services (4.9%) | ||||||||
Bank of America Corp., Ser K, 8.000%, 12/29/49, Callable 01/30/18 @ 100 | 370 | 370 | ||||||
Buffalo Thunder Development Authority, 9.375%, 12/15/14, Callable 12/15/10 @ 104.69(b) | 125 | 94 | ||||||
Ford Motor Credit Co., 8.625%, 11/01/10 | 775 | 675 | ||||||
Galaxy Entertainment Group, Ltd., 9.829%, 12/15/10, Callable 12/15/08 @ 101.50(a)(b) | 150 | 149 | ||||||
GMAC LLC, 6.875%, 09/15/11 | 400 | 306 | ||||||
GMAC LLC, 6.625%, 05/15/12 | 195 | 148 | ||||||
GMAC LLC, 8.000%, 11/01/31 | 400 | 287 | ||||||
Hexion US Finance Corp., 9.369%, 11/15/14, Callable 11/15/08 @ 102(a) | 75 | 70 | ||||||
Hexion US Finance Corp., 9.750%, 11/15/14, Callable 11/15/10 @ 104.88 | 1,150 | 1,235 | ||||||
LVB Acquisition, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105(c) | 120 | 126 | ||||||
Nielsen Finance LLC, 10.000%, 08/01/14, Callable 08/01/10 @ 105 | 420 | 418 | ||||||
NSG Holdings LLC, 7.750%, 12/15/25(c) | 450 | 436 | ||||||
Snoqualmie Enterprise Authority, 9.125%, 02/01/15, Callable 02/01/11 @ 104.56(c) | 40 | 34 | ||||||
4,348 | ||||||||
Diversified Minerals (0.6%) | ||||||||
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(c) | 125 | 111 | ||||||
FMG Finance Property Ltd., 10.625%, 09/01/16(c) | 350 | 394 | ||||||
505 | ||||||||
Diversified Operations (0.6%) | ||||||||
Freeport-McMoRan Copper & Gold, Inc., 8.394%, 04/01/15, Callable 04/01/09 @ 102(a) | 255 | 250 | ||||||
SPX Corp., 7.625%, 12/15/14(c) | 260 | 268 | ||||||
518 | ||||||||
Electric (4.5%) | ||||||||
AES Corp. (The), 7.750%, 10/15/15 | 115 | 116 | ||||||
AES Corp. (The), 8.000%, 10/15/17 | 435 | 440 | ||||||
Aquila, Inc., 12.073%, 07/01/12 | 705 | 869 | ||||||
Energy Future Holdings, 10.875%, 11/01/17, Callable 11/01/12 @ 105.44(c) | 370 | 374 | ||||||
InterGen NV, 9.000%, 06/30/17, Callable 06/30/12 @ 104.50(c) | 200 | 209 |
124
Strategic Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Electric—continued | ||||||||
Mirant North America LLC, 7.375%, 12/31/13, Callable 12/31/09 @ 103.69 | 365 | 369 | ||||||
Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 | 870 | 885 | ||||||
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(c) | 625 | 623 | ||||||
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(c) | 105 | 104 | ||||||
3,989 | ||||||||
Entertainment (4.3%) | ||||||||
Mashantucket Pequot Tribe, 8.500%, 11/15/15, Callable 11/15/11 @ 104.25(c) | 185 | 163 | ||||||
Ontario Province, 4.950%, 11/28/16 | 3,275 | 3,505 | ||||||
Pokagon Gaming Authority, 10.375%, 06/15/14, Callable 06/15/10 @ 105.19(c) | 83 | 88 | ||||||
Shingle Springs Tribal Gaming Authority, 9.375%, 06/15/15, Callable 06/15/11 @ 104.69(c) | 100 | 88 | ||||||
3,844 | ||||||||
Food (0.2%) | ||||||||
Smithfield Foods, Inc., 7.750%, 07/01/17 | 220 | 214 | ||||||
Forest Products & Paper (1.5%) | ||||||||
Abitibi-Consolidated, Inc., 13.750%, 04/01/11(c) | 845 | 864 | ||||||
New Page Holding Corp., 10.000%, 05/01/12, Callable 05/01/09 @ 106(c) | 45 | 46 | ||||||
New Page Holding Corp., 11.818%, 11/01/13, Callable 02/04/08 @ 102(a) | 350 | 294 | ||||||
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(c) | 90 | 93 | ||||||
1,297 | ||||||||
Health Care (3.5%) | ||||||||
Boston Scientific Corp., 6.000%, 06/15/11 | 160 | 156 | ||||||
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44 | 380 | 382 | ||||||
HCA, Inc., 9.125%, 11/15/14, Callable 11/15/10 @ 104.56 | 45 | 46 | ||||||
HCA, Inc., 9.625%, 11/15/16, Callable 11/15/11 @ 104.81 | 965 | 1,001 | ||||||
Psychiatric Solutions, Inc., 7.750%, 07/15/15, Callable 07/15/10 @ 103.88 | 160 | 159 | ||||||
Tenet Healthcare Corp., 9.875%, 07/01/14 | 500 | 484 | ||||||
Universal Hospital Services, Inc., 8.288%, 06/01/15, Callable 06/01/09 @ 102(a) | 870 | 774 | ||||||
Universal Hospital Services, Inc. (PIK), 8.500%, 06/01/15, Callable 06/01/11 @ 104.25 | 125 | 125 | ||||||
3,127 | ||||||||
Insurance (0.2%) | ||||||||
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88 | 210 | 199 | ||||||
125
Strategic Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Machinery Diversified (1.4%) | ||||||||
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56 | 1,250 | 1,225 | ||||||
Materials (0.2%) | ||||||||
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(c) | 190 | 190 | ||||||
Media (2.2%) | ||||||||
Clear Channel Communications, Inc., 7.650%, 09/15/10 | 100 | 106 | ||||||
EchoStar DBS Corp., 7.125%, 02/01/16 | 395 | 368 | ||||||
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 | 725 | 711 | ||||||
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25 | 495 | 416 | ||||||
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88 | 195 | 178 | ||||||
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88 | 210 | 192 | ||||||
1,971 | ||||||||
Miscellaneous Manufacturer (0.2%) | ||||||||
Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 | 181 | 190 | ||||||
Oil & Gas (3.2%) | ||||||||
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75 | 50 | 51 | ||||||
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88 | 75 | 76 | ||||||
Connacher Oil & Gas, 10.250%, 12/15/15, Callable 12/15/11 @ 105.13(c) | 870 | 877 | ||||||
Forest Oil Corp., 7.250%, 06/15/19, Callable 06/15/12 @ 103.63 | 80 | 81 | ||||||
Mariner Energy, Inc., 8.000%, 05/15/17, Callable 05/15/12 @ 104 | 115 | 110 | ||||||
OPTI Canada, Inc., 7.875%, 12/15/14, Callable 12/15/10 @ 104.13 | 530 | 518 | ||||||
Southwestern Energy Co., 7.500%, 02/01/18(c) | 140 | 145 | ||||||
United Refining Co., 10.500%, 08/15/12, Callable 08/15/08 @ 105.25 | 1,005 | 995 | ||||||
2,853 | ||||||||
Pipelines (1.0%) | ||||||||
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06 | 125 | 129 | ||||||
Targa Resources, Inc., 8.500%, 11/01/13, Callable 11/01/09 @ 104.25 | 820 | 755 | ||||||
884 | ||||||||
126
Strategic Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Real Estate (0.5%) | ||||||||
American Real Estate Partners LP, 8.125%, 06/01/12, Callable 06/01/08 @ 104.06 | 35 | 34 | ||||||
American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56 | 415 | 377 | ||||||
411 | ||||||||
Semiconductors (0.1%) | ||||||||
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63 | 40 | 39 | ||||||
Telecommunication Services (2.7%) | ||||||||
Alltel Communications, 10.375%, 12/01/17, Callable 12/01/12 @ 105.19(c) | 445 | 383 | ||||||
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(c) | 155 | 149 | ||||||
Intelsat Subsidiary Holding Co. Ltd., 8.250%, 01/15/13, Callable 01/15/09 @ 104.13 | 190 | 191 | ||||||
Nordic Telephone Co. Holdings, 8.875%, 05/01/16, Callable 05/01/11 @ 104.44(c) | 225 | 218 | ||||||
PanAmSat Corp., 9.000%, 06/15/16, Callable 06/15/11 @ 104.50 | 550 | 554 | ||||||
Rural Cellular Corp., 8.250%, 03/15/12, Callable 04/07/08 @ 104.12 | 155 | 159 | ||||||
Telcordia Technologies, Inc., 8.008%, 07/15/12, Callable 07/15/08 @ 102(a)(c) | 760 | 578 | ||||||
Wind Acquisition Finance SA, 10.750%, 12/01/15, Callable 12/01/10 @ 105.38(c) | 75 | 76 | ||||||
Windstream Regatta Holdings, 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(c) | 120 | 73 | ||||||
2,381 | ||||||||
Transportation (0.4%) | ||||||||
Bristow Group, Inc., 7.500%, 09/15/17, Callable 09/15/12 @ 103.75 | 335 | 337 | ||||||
Total Corporate Bonds | 32,464 | |||||||
Foreign Government Bonds (11.9%) | ||||||||
Argentina (0.4%) | ||||||||
Republic of Argentina, 8.280%, 12/31/33 | 397 | 326 | ||||||
Brazil (0.8%) | ||||||||
Republic of Brazil, 6.000%, 01/17/17 | 300 | 306 | ||||||
Republic of Brazil, 7.125%, 01/20/37 | 380 | 410 | ||||||
716 | ||||||||
Colombia (0.1%) | ||||||||
Republic of Colombia, 7.375%, 09/18/37 | 115 | 123 | ||||||
United Kingdom (10.6%) | ||||||||
United Kingdom, 2.250%, 07/08/08(c) | 9,370 | 9,381 | ||||||
Total Foreign Government Bonds | 10,546 | |||||||
Preferred Stock (1.1%) | ||||||||
Financials (1.1%) | ||||||||
Credit Suisse, 7.900%, Callable 03/28/13 @ 25 | 40 | 999 | ||||||
Total Preferred Stock | 999 | |||||||
U.S. Treasury Obligations (30.8%) | ||||||||
U.S. Treasury Bond (5.3%) | ||||||||
4.750%, 02/15/37 | 4,390 | 4,722 | ||||||
U.S. Treasury Notes (25.5%) | ||||||||
3.125%, 10/15/08 | 500 | 505 | ||||||
4.500%, 05/15/10(d) | 2,590 | 2,748 |
127
Strategic Income Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Treasury Notes—continued | ||||||||
3.375%, 11/30/12(d) | 7,000 | 7,292 | ||||||
4.750%, 08/15/17 | 10,870 | 12,026 | ||||||
22,571 | ||||||||
Total U.S. Treasury Obligations | 27,293 | |||||||
Mutual Fund (0.5%) | ||||||||
RidgeWorth Limited Duration Fund(e) | 43,166 | 426 | ||||||
Total Mutual Fund | 426 | |||||||
Short-Term Investments (14.5%) | ||||||||
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep | 6,364 | 6,364 | ||||||
Credit Suisse Enhanced Liquidity Fund(f) | 6,500,070 | 6,500 | ||||||
Total Short-Term Investments | 12,864 | |||||||
Total Investments (Cost $94,794)(g) — 107.7% | 95,369 | |||||||
Liabilities in excess of other assets — (7.7)% | (6,785 | ) | ||||||
Net Assets — 100.0% | $ | 88,584 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2008 are identified below (in thousands): |
Issue | Acquisition | Cost | Shares | Value | Percent of | |||||||||||||||
Description | Date | ($) | ($) | ($) | Net Assets(%) | |||||||||||||||
Commercial Industrial Finance Corp | 07/20/07 | 199 | 280 | 165 | 0.19 | |||||||||||||||
Muir Grove CLO Ltd. | 09/25/07 | 498 | 500 | 406 | 0.46 |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 24.5% of net assets as of March 31, 2008. | |
(d) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $6,289. | |
(e) | Affiliate investment. | |
(f) | This security was purchased with cash collateral held from securities lending. | |
(g) | Represents cost for financial reporting purposes. | |
PIK | — Payment in-kind |
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Abitibi Consolidated, Inc. | JP Morgan | 500 | 4.50 | 06/20/09 | (100 | ) | ||||||||||||
Republic of Brazil | Citigroup | 445 | 2.10 | 03/20/13 | 8 | |||||||||||||
Brunswick Corp. | Bank of America | (425 | ) | 2.08 | 03/20/13 | 17 | ||||||||||||
Colombian Government | Merrill Lynch | 455 | 1.68 | 01/20/13 | (8 | ) | ||||||||||||
J.C. Penney Corp., Inc. | Deutsche | (425 | ) | 2.30 | 03/20/13 | 7 | ||||||||||||
Russian Federation | Merrill Lynch | 435 | 1.46 | 03/20/13 | — | |||||||||||||
(76 | ) | |||||||||||||||||
(Pay)/Receive | ||||||||||||||||||||||
Notional | Floating | Fixed | Expiration | |||||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate | Rate(%) | Date | Value($) | ||||||||||||||||
Fixed 5 Yr UF | Barclays Bank PLC | 587 | Receive | 6.42 | 01/25/13 | (24 | ) | |||||||||||||||
Fixed 26X1 TIIE | Citibank N.A. | 2,509 | Receive | 7.55 | 03/02/10 | 1 | ||||||||||||||||
Fixed 2 Yr New Zealand | UBS AG | 1,166 | Receive | 8.39 | 03/06/10 | 2 | ||||||||||||||||
Fixed 2 Yr New Zealand | UBS AG | 1,203 | Receive | 8.55 | 02/26/10 | 6 | ||||||||||||||||
(15 | ) | |||||||||||||||||||||
128
Strategic Income Fund — concluded
Contract | ||||||||||||||||||||
Amount | Contract | Unrealized | ||||||||||||||||||
Delivery | in Local | Value | Market | Appreciation | ||||||||||||||||
Currency | Date | Currency | in USD($) | Value($) | (Depreciation)($) | |||||||||||||||
Short: | ||||||||||||||||||||
Australian Dollar | 4/29/08 | 662 | 579 | 602 | (23 | ) | ||||||||||||||
Australian Dollar | 5/28/08 | 1,220 | 1,118 | 1,106 | 12 | |||||||||||||||
Australian Dollar | 5/28/08 | 1,249 | 1,158 | 1,132 | 26 | |||||||||||||||
Australian Dollar | 6/3/08 | 1,221 | 1,131 | 1,105 | 26 | |||||||||||||||
Australian Dollar | 6/17/08 | 1,465 | 1,330 | 1,325 | 5 | |||||||||||||||
Brazilian Real | 4/25/08 | 1,050 | 593 | 596 | (3 | ) | ||||||||||||||
Brazilian Real | 6/13/08 | 1,952 | 1,144 | 1,097 | 47 | |||||||||||||||
Brazilian Real | 6/17/08 | 1,178 | 671 | 661 | 10 | |||||||||||||||
British Pound | 4/24/08 | 3,810 | 7,400 | 7,549 | (149 | ) | ||||||||||||||
British Pound | 4/29/08 | 586 | 1,155 | 1,161 | (6 | ) | ||||||||||||||
British Pound | 6/3/08 | 578 | 1,145 | 1,142 | 3 | |||||||||||||||
British Pound | 6/4/08 | 289 | 570 | 571 | (1 | ) | ||||||||||||||
British Pound | 6/27/08 | 3,573 | 7,085 | 7,042 | 43 | |||||||||||||||
Canadian Dollar | 4/23/08 | 7,660 | 7,400 | 7,462 | (62 | ) | ||||||||||||||
Chilean Peso | 4/23/08 | 274,563 | 577 | 628 | (51 | ) | ||||||||||||||
Chinese Yuan | 7/21/08 | 4,048 | 562 | 599 | (37 | ) | ||||||||||||||
Chinese Yuan | 7/21/08 | 16,105 | 2,234 | 2,381 | (147 | ) | ||||||||||||||
Euro | 4/11/08 | 396 | 572 | 624 | (52 | ) | ||||||||||||||
Euro | 5/19/08 | 4,868 | 7,085 | 7,669 | (584 | ) | ||||||||||||||
Euro | 6/3/08 | 376 | 575 | 592 | (17 | ) | ||||||||||||||
Euro | 6/3/08 | 754 | 1,170 | 1,188 | (18 | ) | ||||||||||||||
Japanese Yen | 4/16/08 | 61,546 | 575 | 618 | (43 | ) | ||||||||||||||
Japanese Yen | 4/16/08 | 796,422 | 7,440 | 7,999 | (559 | ) | ||||||||||||||
New Romanian Leu | 4/11/08 | 1,464 | 580 | 619 | (39 | ) | ||||||||||||||
New Romanian Leu | 5/15/08 | 2,917 | 1,145 | 1,224 | (79 | ) | ||||||||||||||
New Zealand Dollar | 5/22/08 | 1,452 | 1,135 | 1,132 | 3 | |||||||||||||||
Norwegian Krone | 6/4/08 | 2,991 | 576 | 584 | (8 | ) | ||||||||||||||
Norwegian Krone | 6/4/08 | 2,968 | 576 | 580 | (4 | ) | ||||||||||||||
Norwegian Krone | 6/18/08 | 5,846 | 1,124 | 1,141 | (17 | ) | ||||||||||||||
Peruvian Nuevo Sol | 4/23/08 | 2,118 | 767 | 774 | (7 | ) | ||||||||||||||
South African Rand | 5/8/08 | 4,502 | 575 | 551 | 24 | |||||||||||||||
South African Rand | 6/3/08 | 8,845 | 1,145 | 1,076 | 69 | |||||||||||||||
Turkish Lira | 4/7/08 | 696 | 580 | 521 | 59 | |||||||||||||||
Turkish Lira | 5/13/08 | 1,432 | 1,145 | 1,058 | 87 | |||||||||||||||
Turkish Lira | 5/27/08 | 701 | 570 | 515 | 55 | |||||||||||||||
Turkish Lira | 6/4/08 | 1,436 | 1,140 | 1,052 | 88 | |||||||||||||||
Total Short Contracts | $ | 64,327 | $ | 65,676 | ($ | 1,349 | ) | |||||||||||||
Long: | ||||||||||||||||||||
Australian Dollar | 4/29/08 | 662 | 575 | 603 | 28 | |||||||||||||||
Australian Dollar | 5/28/08 | 1,242 | 1,140 | 1,126 | (14 | ) | ||||||||||||||
Australian Dollar | 5/28/08 | 1,227 | 1,145 | 1,113 | (32 | ) | ||||||||||||||
Australian Dollar | 6/3/08 | 1,221 | 1,145 | 1,106 | (39 | ) | ||||||||||||||
Australian Dollar | 6/17/08 | 1,224 | 1,140 | 1,107 | (33 | ) | ||||||||||||||
Australian Dollar | 6/17/08 | 1,223 | 1,135 | 1,106 | (29 | ) | ||||||||||||||
Brazilian Real | 4/25/08 | 1,050 | 575 | 596 | 21 | |||||||||||||||
Brazilian Real | 6/13/08 | 976 | 570 | 549 | (21 | ) | ||||||||||||||
Brazilian Real | 6/13/08 | 975 | 570 | 549 | (21 | ) | ||||||||||||||
Brazilian Real | 6/17/08 | 1,962 | 1,140 | 1,103 | (37 | ) | ||||||||||||||
British Pound | 4/29/08 | 586 | 1,144 | 1,161 | 17 | |||||||||||||||
British Pound | 6/3/08 | 578 | 1,160 | 1,142 | (18 | ) | ||||||||||||||
British Pound | 6/4/08 | 289 | 579 | 571 | (8 | ) | ||||||||||||||
Chilean Peso | 4/23/08 | 274,563 | 575 | 628 | 53 | |||||||||||||||
Chinese Yuan | 7/21/08 | 6,072 | 840 | 898 | 58 | |||||||||||||||
Chinese Yuan | 7/21/08 | 4,048 | 560 | 599 | 39 | |||||||||||||||
Chinese Yuan | 7/21/08 | 10,032 | 1,400 | 1,482 | 82 | |||||||||||||||
Euro | 4/11/08 | 396 | 580 | 624 | 44 | |||||||||||||||
Euro | 6/3/08 | 754 | 1,145 | 1,188 | 43 | |||||||||||||||
Euro | 6/3/08 | 376 | 570 | 592 | 22 | |||||||||||||||
Euro | 5/19/08 | 4,868 | 7,571 | 7,668 | 97 | |||||||||||||||
Japanese Yen | 4/16/08 | 61,546 | 581 | 618 | 37 | |||||||||||||||
Japanese Yen | 4/16/08 | 796,422 | 7,507 | 7,997 | 490 | |||||||||||||||
New Romanian Leu | 4/11/08 | 1,464 | 562 | 619 | 57 | |||||||||||||||
New Romanian Leu | 5/15/08 | 2,917 | 1,206 | 1,224 | 18 | |||||||||||||||
New Zealand Dollar | 5/22/08 | 726 | 585 | 566 | (19 | ) | ||||||||||||||
New Zealand Dollar | 5/22/08 | 726 | 576 | 566 | (10 | ) | ||||||||||||||
Norwegian Krone | 6/4/08 | 2,991 | 570 | 584 | 14 | |||||||||||||||
Norwegian Krone | 6/4/08 | 2,968 | 570 | 580 | 10 | |||||||||||||||
Norwegian Krone | 6/18/08 | 5,846 | 1,140 | 1,141 | 1 | |||||||||||||||
Peruvian Nuevo Sol | 4/23/08 | 1,680 | 575 | 614 | 39 | |||||||||||||||
Peruvian Nuevo Sol | 4/23/08 | 1,667 | 575 | 609 | 34 | |||||||||||||||
South African Rand | 5/8/08 | 4,502 | 565 | 551 | (14 | ) | ||||||||||||||
South African Rand | 6/3/08 | 8,845 | 1,151 | 1,076 | (75 | ) | ||||||||||||||
Turkish Lira | 4/7/08 | 696 | 579 | 521 | (58 | ) | ||||||||||||||
Turkish Lira | 5/13/08 | 1,432 | 1,161 | 1,058 | (103 | ) | ||||||||||||||
Turkish Lira | 5/27/08 | 701 | 561 | 516 | (45 | ) | ||||||||||||||
Turkish Lira | 6/4/08 | 1,436 | 1,150 | 1,053 | (97 | ) | ||||||||||||||
Total Long Contracts | $ | 44,873 | $ | 45,404 | $ | 531 | ||||||||||||||
129
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (4.4%) | ||||||||
Automobile ABS (1.8%) | ||||||||
Daimler Chrysler Auto Trust, Ser 2007-A, Cl A4, 5.280%, 03/08/13 | 1,722 | 1,765 | ||||||
Ford Credit Auto Owner Trust, Ser 2007-B, Cl A4A, 5.240%, 07/15/12(a) | 1,316 | 1,347 | ||||||
Honda Auto Receivables Owner Trust, Ser 2006-3, Cl A4, 5.014%, 04/15/12 | 1,985 | 2,032 | ||||||
Hyundai Auto Receivables Trust, Ser 2007-A, Cl A4, 5.210%, 03/17/14 | 909 | 920 | ||||||
Nissan Auto Receivables Owner Trust, Ser 2008-A, Cl A4, 4.280%, 06/16/14 | 2,687 | 2,694 | ||||||
USAA Auto Owner Trust, Ser 2008-1, Cl A3, 4.160%, 04/16/12 | 2,213 | 2,231 | ||||||
10,989 | ||||||||
Collateralized Loan Obligations ABS (0.5%) | ||||||||
Commercial Industrial Finance Corp., Ser 2006-1BA, Cl B2L, 6.599%, 12/22/20(a)(b) | 1,560 | 922 | ||||||
Marathon CLO Ltd., Ser 2005-2A, Cl D, 7.242%, 12/20/19(a)(b) | 840 | 588 | ||||||
Muir Grove CLO Ltd., Ser 2007-1A, Cl B, 7.348%, 03/25/20(a)(b) | 2,300 | 1,865 | ||||||
3,375 | ||||||||
Home Equity ABS (0.6%) | ||||||||
Aames Mortgage Investment Trust, Ser 2004-1, Cl M3, 3.634%, 01/25/35(a) | 657 | 612 | ||||||
Chase Funding Mortgage Loan Asset-Backed, Ser 2002-2, Cl 1A6, 5.214%, 08/25/13 | 215 | 219 | ||||||
Citifinancial Mortgage Securities, Inc., Ser 2003-1, Cl AF5, 4.282%, 01/25/33(a) | 1,128 | 1,113 | ||||||
Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.962%, 09/15/29(a) | 4 | 4 | ||||||
Lehman XS Trust, Ser 2007-6, Cl 3A5, 5.720%, 05/25/37(a) | 1,930 | 1,708 | ||||||
Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.765%, 04/15/31(a) | 3 | 3 | ||||||
3,659 | ||||||||
Utility ABS (1.5%) | ||||||||
CNH Equipment Trust, Ser 2007-C, Cl A3A, 5.210%, 12/15/11 | 2,809 | 2,854 | ||||||
MP Environmental Funding LLC, Ser 2007-A, Cl A1, 4.982%, 07/15/16 | 2,000 | 2,068 | ||||||
PSE&G Transition Funding LLC, Ser 2001-1, Cl A8, 6.890%, 12/15/17 | 3,337 | 3,700 | ||||||
TXU Electric Delivery Transition Bond Co., Ser 2004-1, Cl A3, 5.290%, 05/15/18 | 1,007 | 1,033 | ||||||
9,655 | ||||||||
Total Asset-Backed Securities | 27,678 | |||||||
Collateralized Mortgage Obligations (22.8%) | ||||||||
Banc of America Commercial Mortgage, Inc., Ser 2004-4, Cl A3, 4.128%, 07/10/42 | 2,625 | 2,592 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2005-6 Cl A4, 5.181%, 09/10/47(a) | 3,500 | 3,482 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2006-2, Cl A4, 5.740%, 05/10/45(a) | 2,724 | 2,752 |
130
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
Banc of America Commercial Mortgage, Inc., Ser 2006-4, Cl A4, 5.634%, 07/10/46 | 2,130 | 2,122 | ||||||
Banc of America Mortgage Securities, Ser 2003-5, Cl 2A1, 5.000%, 07/25/18 | 1,822 | 1,812 | ||||||
Bear Stearns ALT-A Trust, Ser 2006-6, Cl 2A1, 5.929%, 11/25/36(a) | 3,404 | 2,401 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2001-TOP2, Cl A2, 6.480%, 02/15/35 | 4,516 | 4,625 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2005-PW10, Cl A4, 5.405%, 12/11/40(a) | 4,253 | 4,270 | ||||||
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2006-PW13, Cl A4, 5.540%, 09/11/41 | 1,725 | 1,709 | ||||||
Chase Commercial Mortgage Securities Corp., Ser 2000-3, Cl A2, 7.319%, 10/15/32 | 1,616 | 1,673 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2005-CD1, Cl A4, 5.225%, 07/15/44(a) | 1,910 | 1,907 | ||||||
Citigroup/Deutsche Bank Commercial Mortgage Trust, Ser 2006-CD2, Cl A4, 5.362%, 01/15/46(a) | 975 | 962 | ||||||
Commercial Mortgage Pass-Through Certificates, Ser 2005-C6, Cl A5A, 5.116%, 06/10/44(a) | 2,911 | 2,878 | ||||||
Countrywide Alternative Loan Trust, Ser 2006-HY12, Cl A5, 6.174%, 08/25/36(a) | 3,658 | 2,721 | ||||||
Countrywide Home Loans, Ser 2004-J1, Cl 1A1, 4.500%, 01/25/19 | 1,427 | 1,341 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2001-CF2, Cl A4, 6.505%, 02/15/34(a) | 1,265 | 1,305 | ||||||
Fannie Mae, Ser 2005-20, Cl PC, 5.000%, 07/25/24 | 1,577 | 1,594 | ||||||
Fannie Mae, Ser 2007-77, Cl TB, 5.500%, 07/25/31 | 5,513 | 5,638 | ||||||
Fannie Mae, Ser 2007-77, Cl TD, 5.500%, 01/25/36 | 338 | 329 | ||||||
Fannie Mae, Ser 2007-79, Cl TD, 5.000%, 01/25/34 | 1,865 | 1,769 | ||||||
Freddie Mac, Ser 2927, Cl OL, 5.000%, 09/15/24 | 2,642 | 2,673 | ||||||
Freddie Mac, Ser 3134, Cl PA, 5.000%, 09/15/18 | 1,192 | 1,212 | ||||||
Freddie Mac, Ser 3347, Cl AK, 5.000%, 07/15/37 | 4,674 | 4,779 | ||||||
Freddie Mac, Ser 3349, Cl HE, 5.500%, 07/15/36 | 3,500 | 3,526 | ||||||
Freddie Mac. Ser 2966, Cl NW, 5.069%, 08/15/25 | 1,873 | 1,901 | ||||||
GE Capital Commercial Mortgage Corp., Ser 2006-C1, Cl A4, 5.340%, 03/10/44(a) | 2,970 | 2,937 | ||||||
Ginnie Mae, Ser 2007-27, Cl NV, 5.500%, 04/20/36 | 2,130 | 2,148 | ||||||
Ginnie Mae, Ser 2007-41, Cl PB, 5.500%, 09/20/36 | 2,337 | 2,326 | ||||||
GMAC Commercial Mortgage Securities, Inc., Ser 2001-C1, Cl A2, 6.465%, 04/15/34 | 1,672 | 1,711 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2006-GG7, Cl A4, 5.911%, 07/10/38(a) | 3,949 | 4,031 | ||||||
GS Mortgage Securities Corp. II, Ser 2006-GG6, Cl A2, 5.506%, 04/10/38(a) | 3,941 | 3,920 |
131
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
GS Mortgage Securities Corp. II, Ser 2006-GG8, Cl A4, 5.560%, 11/10/39(a) | 1,500 | 1,486 | ||||||
GSR Mortgage Loan Trust, Ser 2005-5F, Cl 2A2, 5.500%, 06/25/35 | 6,628 | 6,045 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP4, Cl A4, 4.918%, 10/15/42(a) | 1,207 | 1,178 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP5, Cl A4, 5.179%, 12/15/44(a) | 3,368 | 3,358 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-CB15, Cl A4, 5.814%, 06/12/43(a) | 2,415 | 2,438 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-CB16, Cl A4, 5.552%, 05/12/45 | 2,360 | 2,336 | ||||||
JPMorgan Chase Commercial Mortgage Securities Corp., Ser 2006-LDP6, Cl A4, 5.475%, 04/15/43(a) | 1,565 | 1,548 | ||||||
JPMorgan Commercial Mortgage Finance Co., Ser 2000-C10, Cl A2, 7.371%, 08/15/32 | 2,950 | 3,040 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2, 6.510%, 12/15/26 | 1,936 | 1,986 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4, 5.197%, 11/15/30(a) | 3,070 | 3,053 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2006-C1, Cl A4, 5.228%, 02/15/31 | 2,050 | 1,996 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2006-C3, Cl A4, 5.661%, 03/15/39(a) | 2,187 | 2,193 | ||||||
Merrill Lynch/Countrywide Commercial Mortgage Trust, Ser 2006-1, Cl A4, 5.427%, 02/12/39(a) | 2,981 | 2,959 | ||||||
Morgan Stanley Dean Witter Capital I, Ser 2006-HQ10, Cl A4, 5.328%, 11/12/41(a) | 3,425 | 3,339 | ||||||
Morgan Stanley Dean Witter Capital I, Ser 2001-TOP1, Cl A4, 6.660%, 02/15/33 | 2,980 | 3,079 | ||||||
PHH Alternative Mortgage Trust, Ser 2007-2, Cl 3A1, 6.000%, 05/25/37 | 3,818 | 3,404 | ||||||
Residential Accredit Loans, Inc., Ser 2002-QS18, Cl A1, 5.500%, 12/25/17 | 6,288 | 6,229 | ||||||
Sequoia Mortgage Trust, Ser 2007-4, Cl 2A1, 5.509%, 11/20/17(a) | 3,638 | 3,490 | ||||||
Specialty Underwriting & Residential Finance, Ser 2004-AA1, Cl 1A1, 5.000%, 10/25/34 | 540 | 520 | ||||||
TBW Mortgage Backed Pass Through Certificates, Ser 2007-2, Cl A6A, 6.015%, 06/25/37(a) | 1,550 | 1,276 | ||||||
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C21, Cl A4, 5.210%, 10/15/44(a) | 4,392 | 4,410 | ||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S5, Cl 2A, 5.000%, 06/25/18(a) | 1,469 | 1,469 |
132
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S7, Cl A1, 4.500%, 08/25/18 | 2,514 | 2,437 | ||||||
Washington Mutual Mortgage Pass-Through Certificates, Ser 2006-AR6, Cl 2A3, 5.956%, 08/25/36(a) | 1,899 | 1,505 | ||||||
Total Collateralized Mortgage Obligations | 143,820 | |||||||
Corporate Bonds (23.8%) | ||||||||
Aerospace/Defense (0.6%) | ||||||||
Boeing Co. (The), 5.125%, 02/15/13 | 1,275 | 1,337 | ||||||
Lockheed Martin Corp., 4.121%, 03/14/13 | 996 | 997 | ||||||
United Technologies Corp., 4.875%, 05/01/15 | 1,496 | 1,522 | ||||||
3,856 | ||||||||
Airlines (0.3%) | ||||||||
Delta Air Lines, Inc., Cl A, 6.821%, 08/10/22(c) | 1,900 | 1,832 | ||||||
Auto Manufacturers (0.2%) | ||||||||
DaimlerChrysler NA Holding Corp., 8.500%, 01/18/31 | 1,143 | 1,307 | ||||||
Banks (1.9%) | ||||||||
Bank of America Corp., 7.400%, 01/15/11 | 3,244 | 3,474 | ||||||
Bank of America Corp., 5.375%, 09/11/12 | 1,300 | 1,352 | ||||||
Bank of New York Mellon, Ser G, 4.950%, 11/01/12 | 1,562 | 1,600 | ||||||
Bank of New York Mellon, Ser G, MTN, 4.500%, 04/01/13 | 697 | 702 | ||||||
Wachovia Corp., 5.300%, 10/15/11 | 1,755 | 1,772 | ||||||
Wachovia Corp., Ser G, 5.750%, 02/01/18 | 727 | 712 | ||||||
Wells Fargo & Co., 4.375%, 01/31/13 | 2,265 | 2,254 | ||||||
11,866 | ||||||||
Beverages (1.0%) | ||||||||
Anheuser-Busch Cos., Inc., 6.450%, 09/01/37 | 1,640 | 1,770 | ||||||
Coca-Cola Co., 5.350%, 11/15/17 | 1,986 | 2,072 | ||||||
Diageo Capital PLC, 5.200%, 01/30/13 | 803 | 831 | ||||||
SABMiller PLC, 6.200%, 07/01/11(c) | 1,859 | 1,976 | ||||||
6,649 | ||||||||
Building Materials (0.3%) | ||||||||
Lafarge SA, 6.150%, 07/15/11 | 913 | 932 | ||||||
Martin Marietta Materials, Inc., 6.250%, 05/01/37 | 800 | 704 | ||||||
1,636 | ||||||||
Chemicals (0.2%) | ||||||||
Potash Corp. of Saskatchewan, Inc., 5.875%, 12/01/36 | 1,233 | 1,136 | ||||||
Commercial Services (0.6%) | ||||||||
Caterpillar Financial Services Corp., Ser F, 5.850%, 09/01/17 | 622 | 644 | ||||||
ERAC USA Finance Co., 5.800%, 10/15/12(c) | 1,281 | 1,221 | ||||||
ERAC USA Finance Co., 5.600%, 05/01/15(c) | 1,017 | 907 | ||||||
Xerox Corp., 5.500%, 05/15/12 | 818 | 825 | ||||||
3,597 | ||||||||
Computers (0.3%) | ||||||||
Dell, Inc., 7.100%, 04/15/28 | 400 | 420 | ||||||
Hewlett-Packard Co., 4.500%, 03/01/13 | 691 | 701 | ||||||
IBM Corp., 5.700%, 09/14/17 | 787 | 824 | ||||||
IBM Corp., 5.875%, 11/29/32 | 315 | 310 | ||||||
2,255 | ||||||||
Consumer Staples (0.2%) | ||||||||
Kellogg Co., 4.250%, 03/06/13 | 1,041 | 1,038 | ||||||
133
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services (6.0%) | ||||||||
ABX Financing Co., 6.350%, 10/15/36(c) | 875 | 844 | ||||||
AEP Texas Central Transition Funding, Ser A-3, 5.090%, 07/01/15 | 1,710 | 1,748 | ||||||
American Express Co., 6.150%, 08/28/17(d) | 1,200 | 1,195 | ||||||
Citigroup, Inc., 5.125%, 05/05/14(d) | 1,060 | 1,036 | ||||||
Citigroup, Inc., 6.000%, 08/15/17 | 617 | 608 | ||||||
Citigroup, Inc., 5.850%, 12/11/34 | 711 | 618 | ||||||
Citigroup, Inc., 6.875%, 03/05/38 | 403 | 403 | ||||||
Credit Suisse (USA), Inc., 6.125%, 11/15/11 | 1,037 | 1,096 | ||||||
Credit Suisse (USA), Inc., 6.500%, 01/15/12 | 668 | 710 | ||||||
Fund American Cos., Inc., 5.875%, 05/15/13 | 2,090 | 2,179 | ||||||
General Electric Capital Corp., Ser A, 5.450%, 01/15/13 | 1,158 | 1,213 | ||||||
Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 | 1,986 | 1,931 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 1,551 | 1,536 | ||||||
HSBC Finance Corp., 6.375%, 01/01/49 | 1,114 | 1,128 | ||||||
HSBC Holdings PLC, 7.625%, 05/17/32 | 649 | 690 | ||||||
International Lease Finance Corp., Ser Q, 5.250%, 01/10/13 | 730 | 715 | ||||||
International Lease Finance Corp., Ser R, 5.625%, 09/15/10 | 1,289 | 1,299 | ||||||
International Lease Finance Corp., Ser R, 5.625%, 09/20/13 | 400 | 392 | ||||||
Janus Capital Group, Inc., 5.875%, 09/15/11 | 692 | 701 | ||||||
Jefferies Group, Inc., 6.450%, 06/08/27 | 1,058 | 850 | ||||||
JPMorgan Chase & Co., 6.625%, 03/15/12 | 2,678 | 2,847 | ||||||
JPMorgan Chase & Co., 5.375%, 10/01/12 | 1,338 | 1,389 | ||||||
Lazard Group LLC, 7.125%, 05/15/15 | 2,084 | 2,027 | ||||||
Lehman Brothers Holdings, Inc., MTN, 5.625%, 01/24/13 | 2,012 | 1,956 | ||||||
Merrill Lynch & Co., Inc., 5.770%, 07/25/11 | 1,868 | 1,892 | ||||||
Merrill Lynch & Co., Inc., Ser C, MTN, 6.050%, 08/15/12 | 910 | 924 | ||||||
Morgan Stanley, 5.300%, 03/01/13 | 2,670 | 2,662 | ||||||
Northern Trust Co., 5.200%, 11/09/12 | 1,818 | 1,917 | ||||||
TIAA Global Markets, 5.125%, 10/10/12(c) | 1,572 | 1,626 | ||||||
38,132 | ||||||||
Electric (1.9%) | ||||||||
CenterPoint Energy, Inc., Ser A-4, 5.170%, 08/01/19 | 3,000 | 3,007 | ||||||
Enel Finance International, 6.800%, 09/15/37(c) | 1,413 | 1,425 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 1,381 | 1,368 | ||||||
MidAmerican Energy Holdings Co., 6.125%, 04/01/36 | 1,223 | 1,182 | ||||||
Nevada Power Co., Ser L, 5.875%, 01/15/15 | 410 | 402 | ||||||
Nevada Power Co., Ser R, 6.750%, 07/01/37 | 875 | 839 | ||||||
Oncor Electric Delivery Co., 7.000%, 05/01/32 | 763 | 718 | ||||||
Pacific Gas & Electric Co., 6.050%, 03/01/34 | 1,411 | 1,383 | ||||||
Public Service Colorado, Ser 17, 6.250%, 09/01/37 | 776 | 808 | ||||||
Wisconsin Power & Light Co., 6.375%, 08/15/37 | 794 | 815 | ||||||
11,947 | ||||||||
134
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Insurance (0.5%) | ||||||||
American International Group, Ser G, 5.600%, 10/18/16 | 2,215 | 2,172 | ||||||
Metlife, Inc., 5.700%, 06/15/35 | 405 | 360 | ||||||
Travelers Cos., Inc. (The), 5.375%, 06/15/12 | 851 | 883 | ||||||
3,415 | ||||||||
Machinery Diversified (0.0%) | ||||||||
Caterpillar, Inc., 6.050%, 08/15/36 | 230 | 235 | ||||||
Media (0.8%) | ||||||||
News America Holdings, Inc., 6.200%, 12/15/34 | 725 | 690 | ||||||
Time Warner Cable, Inc., 5.850%, 05/01/17 | 3,223 | 3,085 | ||||||
Time Warner, Inc., 6.500%, 11/15/36 | 766 | 703 | ||||||
Viacom, Inc., 6.125%, 10/05/17 | 323 | 315 | ||||||
4,793 | ||||||||
Miscellaneous Manufacturer (1.3%) | ||||||||
Clorox Co., 5.450%, 10/15/12 | 599 | 617 | ||||||
General Electric Co., 5.000%, 02/01/13 | 3,361 | 3,481 | ||||||
General Electric Co., 5.250%, 12/06/17 | 950 | 949 | ||||||
Kimberly-Clark Corp., 6.125%, 08/01/17 | 2,135 | 2,307 | ||||||
Siemens Financierings NV, 6.125%, 08/17/26(c) | 889 | 868 | ||||||
8,222 | ||||||||
Oil & Gas (1.5%) | ||||||||
Air Products & Chemicals, Inc., 4.150%, 02/01/13 | 834 | 835 | ||||||
Apache Corp., 6.000%, 01/15/37 | 734 | 741 | ||||||
ConocoPhillips, 5.900%, 10/15/32(d) | 546 | 558 | ||||||
Enterprise Products Operating LP, Ser B, 5.750%, 03/01/35(d) | 889 | 769 | ||||||
Praxair, Inc., 4.625%, 03/30/15 | 2,165 | 2,188 | ||||||
Transocean, Inc., 6.000%, 03/15/18 | 512 | 527 | ||||||
Transocean, Inc., 6.800%, 03/15/38 | 1,169 | 1,194 | ||||||
Weatherford International, Inc., 6.500%, 08/01/36 | 880 | 838 | ||||||
Western Oil Sands, Inc., 8.375%, 05/01/12 | 1,460 | 1,640 | ||||||
9,290 | ||||||||
Pharmaceuticals (1.9%) | ||||||||
Abbott Laboratories, 5.600%, 11/30/17 | 2,527 | 2,644 | ||||||
AstraZeneca PLC, 6.450%, 09/15/37 | 2,413 | 2,589 | ||||||
Covidien International Finance SA, 6.000%, 10/15/17(c) | 1,496 | 1,542 | ||||||
Johnson & Johnson, 5.550%, 08/15/17 | 2,164 | 2,336 | ||||||
Merck & Co., Inc., 5.125%, 11/15/11 | 880 | 931 | ||||||
Schering-Plough Corp., 6.550%, 09/15/37 | 1,126 | 1,084 | ||||||
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36 | 635 | 619 | ||||||
11,745 | ||||||||
Pipelines (1.2%) | ||||||||
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13 | 1,468 | 1,631 | ||||||
Colonial Pipeline Co., 6.375%, 08/01/37(c) | 1,785 | 1,760 | ||||||
El Paso Natural Gas, 5.950%, 04/15/17 | 503 | 493 | ||||||
Energy Transfer Partners, 7.500%, 07/01/38 | 1,521 | 1,525 | ||||||
Southern Natural Gas Co., 5.900%, 04/01/17(c)(d) | 419 | 409 | ||||||
Trans-Canada Pipelines, 6.200%, 10/15/37 | 1,542 | 1,487 | ||||||
7,305 | ||||||||
135
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Retail (1.1%) | ||||||||
J.C. Penney Corp., Inc., 5.750%, 02/15/18 | 254 | 235 | ||||||
Tesco PLC, 5.500%, 11/15/17(c) | 1,847 | 1,884 | ||||||
Wal-Mart Stores, Inc., 5.250%, 09/01/35 | 452 | 400 | ||||||
Wal-Mart Stores, Inc., 6.500%, 08/15/37 | 4,536 | 4,763 | ||||||
7,282 | ||||||||
Software (0.1%) | ||||||||
Intuit, Inc., 5.750%, 03/15/17 | 334 | 323 | ||||||
Telecommunication Services (1.7%) | ||||||||
AT&T, Inc., 4.950%, 01/15/13 | 1,481 | 1,486 | ||||||
AT&T, Inc., 5.100%, 09/15/14 | 1,567 | 1,557 | ||||||
AT&T, Inc., 6.450%, 06/15/34 | 781 | 763 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 1,797 | 1,859 | ||||||
Comcast Corp., 6.450%, 03/15/37 | 776 | 731 | ||||||
Rogers Wireless, Inc., 7.500%, 03/15/15 | 850 | 893 | ||||||
Verizon Communications, Inc., 5.550%, 02/15/16 | 1,356 | 1,349 | ||||||
Vodafone Group PLC, 5.500%, 06/15/11(d) | 2,333 | 2,373 | ||||||
11,011 | ||||||||
Transportation (0.2%) | ||||||||
United Parcel Service, Inc., 4.500%, 01/15/13 | 1,550 | 1,606 | ||||||
Total Corporate Bonds | 150,478 | |||||||
Municipal Bonds (3.4%) | ||||||||
California (0.2%) | ||||||||
California State Department Water Resource Power Supply, Ser A, RB, 5.500%, 05/01/16, Prerefunded 05/01/12 @ 101, AMBAC | 900 | 1,001 | ||||||
Domestic (0.3%) | ||||||||
Lincoln Nebraska Electricity System, RB, 5.250%, 09/01/17, Prerefunded 09/01/11 @ 100 | 1,840 | 1,999 | ||||||
Illinois (0.2%) | ||||||||
Chicago Illinois Board of Education, Ser C, GO, 5.000%, 12/01/31, Prerefunded 12/01/11 @ 100, FSA | 1,140 | 1,235 | ||||||
Indiana (0.5%) | ||||||||
Indianapolis Local Public Improvement Bond Bank, Waterworks Project, Ser A, RB, 5.250%, 07/01/33, Prerefunded 07/01/12 @ 100, MBIA | 3,115 | 3,408 | ||||||
New York (0.4%) | ||||||||
Metropolitan Transportation Authority, Ser B, RB, 5.250%, 11/15/32, Prerefunded 11/15/13 @ 100 | 2,235 | 2,497 | ||||||
Ohio (0.4%) | ||||||||
Cincinnati Ohio City School District, Classroom Facilities Construction & Improvement, GO, 5.000%, 12/01/31, Prerefunded 12/01/13 @100, FSA | 2,135 | 2,351 | ||||||
Pennsylvania (0.2%) | ||||||||
Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.125%, 07/15/23, Prerefunded 07/15/11 @ 101, AMBAC | 965 | 1,048 | ||||||
136
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Texas (0.8%) | ||||||||
San Antonio Independent School District Building, Ser A, GO, 5.000%, 08/15/31, Prerefunded 08/15/11 @ 100, PSF-GTD | 2,790 | 3,002 | ||||||
University of Texas Permanent University Fund, Ser B, RB, 4.750%, 07/01/30, Prerefunded 07/01/14 @ 100 | 2,140 | 2,332 | ||||||
5,334 | ||||||||
Washington (0.4%) | ||||||||
Clark County Washington School District No. 37, Vancouver, Ser B, GO, 5.750%, 12/01/15, Prerefunded 12/01/11 @ 100, SBG | 1,180 | 1,307 | ||||||
Tacoma Washington Electric Systems, Ser A, RB, 5.750%, 01/01/18, Prerefunded 01/01/11 @ 101, FSA | 1,055 | 1,155 | ||||||
2,462 | ||||||||
Total Municipal Bonds | 21,335 | |||||||
U.S. Government Agency Mortgages (33.3%) | ||||||||
Fannie Mae (19.8%) | ||||||||
5.500%, 07/01/19 | 60 | 62 | ||||||
5.500%, 09/01/19 | 2,509 | 2,573 | ||||||
5.500%, 12/01/19 | 132 | 135 | ||||||
5.000%, 04/15/20 | 19,042 | 19,220 | ||||||
4.500%, 12/01/20 | 9,389 | 9,346 | ||||||
5.000%, 01/01/22 | 8,988 | 9,088 | ||||||
5.000%, 04/01/23 | 21,359 | 21,610 | ||||||
6.500%, 07/01/32 | 278 | 290 | ||||||
5.500%, 01/01/33 | 12,860 | 12,994 | ||||||
5.500%, 06/01/33 | 1,995 | 2,016 | ||||||
5.500%, 07/01/33 | 338 | 341 | ||||||
5.500%, 10/01/33 | 3,902 | 3,943 | ||||||
4.500%, 03/01/34 | 7,804 | 7,529 | ||||||
5.500%, 09/01/34 | 13,368 | 13,529 | ||||||
6.000%, 10/01/35 | 2,658 | 2,725 | ||||||
6.000%, 12/01/35 | 613 | 629 | ||||||
6.000%, 01/01/36 | 0 | 0 | ||||||
5.448%, 04/01/36(a) | 2,090 | 2,137 | ||||||
5.397%, 06/25/36 | 2,567 | 2,652 | ||||||
5.623%, 12/01/36(a) | 5,356 | 5,447 | ||||||
5.439%, 01/01/37 | 4,899 | 4,976 | ||||||
5.614%, 01/01/37(a) | 4,007 | 4,070 | ||||||
125,312 | ||||||||
Freddie Mac (11.6%) | ||||||||
5.500%, 12/01/18 | 86 | 88 | ||||||
4.500%, 06/01/19 | 583 | 582 | ||||||
4.500%, 07/01/19 | 7,867 | 7,847 | ||||||
4.500%, 02/01/20 | 948 | 947 | ||||||
5.500%, 07/01/22 | 2,808 | 2,867 | ||||||
5.500%, 11/01/22 | 3,946 | 4,028 | ||||||
4.500%, 04/17/23 | 12,576 | 12,497 | ||||||
5.500%, 07/15/27 | 1,619 | 1,667 | ||||||
5.500%, 11/15/28 | 2,723 | 2,814 | ||||||
5.500%, 05/15/29 | 2,783 | 2,872 | ||||||
5.500%, 01/15/30 | 4,334 | 4,478 | ||||||
6.000%, 07/01/34 | 1,980 | 2,037 | ||||||
6.000%, 04/13/35 | 4,146 | 4,251 | ||||||
6.000%, 11/01/36 | 9,184 | 9,416 | ||||||
6.000%, 11/01/37 | 12,174 | 12,495 | ||||||
6.500%, 02/01/38 | 4,000 | 4,153 | ||||||
73,039 | ||||||||
Ginnie Mae (1.9%) | ||||||||
6.500%, 04/14/38 | 11,353 | 11,800 | ||||||
Total U.S. Government Agency Mortgages | 210,151 | |||||||
U.S. Treasury Obligations (9.9%) | ||||||||
U.S. Treasury Bond (0.1%) | ||||||||
4.750%, 02/15/37 | 846 | 910 | ||||||
U.S. Treasury Notes (9.8%) | ||||||||
3.125%, 10/15/08 | 2,000 | 2,019 | ||||||
4.875%, 04/30/11(d) | 10,795 | 11,761 | ||||||
4.125%, 08/31/12 | 794 | 852 | ||||||
3.625%, 12/31/12(d) | 37,090 | 39,081 | ||||||
3.500%, 02/15/18(d) | 5,756 | 5,789 | ||||||
5.000%, 05/15/37(d) | 2,035 | 2,277 | ||||||
61,779 | ||||||||
Total U.S. Treasury Obligations | 62,689 | |||||||
Short-Term Investments (8.9%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(e) | 56,044,894 | 56,045 | ||||||
Total Short-Term Investments | 56,045 | |||||||
137
Total Return Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (9.6%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(f) | 60,294,945 | 60,295 | ||||||
Total Money Market Fund | 60,295 | |||||||
Total Investments (Cost $729,276)(g) — 116.1% | 732,491 | |||||||
Liabilities in excess of other assets — (16.1)% | (101,731 | ) | ||||||
Net Assets — 100.0% | $ | 630,760 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2008 are identified below (in thousands): |
Acquisition | Cost | Par | Value | Percentage of | ||||||||||||||||
Issue Description | Date | ($) | ($) | ($) | Net Assets(%) | |||||||||||||||
Commercial Industrial Finance Corp. | 07/20/07 | 1,111 | 1,560 | 922 | 0.15 | |||||||||||||||
Marathon CLO Ltd. | 07/19/07 | 672 | 840 | 588 | 0.09 | |||||||||||||||
Muir Grove CLO Ltd. | 09/25/07 | 2,292 | 2,300 | 1,865 | 0.30 |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 2.6% of net assets as of March 31, 2008. | |
(d) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $54,487. | |
(e) | This security was purchased with cash collateral held from securities lending. | |
(f) | Affiliate investment. | |
(g) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
MTN | — Medium Term Note | |
PSF-GTD | — Permanent School Fund Guarantee Program | |
RB | — Revenue Bond | |
SBG | — School Board Guaranty |
Notional | Fixed | Expiration | ||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Rate(%) | Date | Value($) | |||||||||||||
Aetna, Inc. | Merrill Lynch | (460 | ) | 1.43 | 06/20/13 | (11 | ) | |||||||||||
Brazilian Government | Citibank N.A. | 1,250 | 2.10 | 03/20/13 | 24 | |||||||||||||
Brunswick Corp. | Merrill Lynch | (560 | ) | 1.15 | 03/20/17 | 62 | ||||||||||||
Carnival Corp. | JPMorgan | (565 | ) | 0.70 | 09/20/17 | 29 | ||||||||||||
Centex Corp. | Credit Suisse First Boston | (560 | ) | 2.65 | 09/20/17 | 41 | ||||||||||||
Columbian Government | Merrill Lynch | 620 | 1.68 | 01/20/13 | (11 | ) | ||||||||||||
Dow Chemical Co. | Barclays Bank PLC | (560 | ) | 0.67 | 09/20/17 | 11 | ||||||||||||
Dow Jones CDX Indices; Series 10 | Barclays Bank PLC | 6,885 | 1.55 | 06/20/13 | 41 | |||||||||||||
Gannett Co., Inc. | Citibank N.A. | (560 | ) | 0.81 | 06/20/17 | 55 | ||||||||||||
IStar Financial, Inc. | Citibank N.A. | (560 | ) | 0.70 | 03/20/17 | 165 | ||||||||||||
Norfolk Southern Corp. | JPMorgan | (460 | ) | 0.73 | 06/20/13 | (2 | ) | |||||||||||
UBS AG | Morgan Stanley | (460 | ) | 1.80 | 06/20/13 | (9 | ) | |||||||||||
Valero Energy Corp. | Morgan Stanley | (460 | ) | 1.29 | 06/20/13 | (2 | ) | |||||||||||
393 | ||||||||||||||||||
138
Total Return Bond Fund — concluded
Notional | (Pay)/Receive | Fixed | Expiration | |||||||||||||||||||||
Underlying Instrument | Counterparty | Amount($) | Floating Rate | Rate(%) | Date | Value($) | ||||||||||||||||||
Fixed 5 Yr UF | Barclays Bank PLC | 1,775 | Receive | 6.42 | 01/25/13 | (72 | ) | |||||||||||||||||
Fixed 26X1 TIIE | Citibank N.A. | 7,406 | Receive | 7.55 | 03/02/10 | 2 | ||||||||||||||||||
Fixed 2 Yr New Zealand | UBS AG | 3,305 | Receive | 8.39 | 03/06/10 | 7 | ||||||||||||||||||
Fixed 2 Yr New Zealand | UBS AG | 3,404 | Receive | 8.55 | 02/26/10 | 16 | ||||||||||||||||||
(47 | ) | |||||||||||||||||||||||
Contract | ||||||||||||||||||||
Amount | Contract | Unrealized | ||||||||||||||||||
Delivery | in Local | Value | Market | Appreciation | ||||||||||||||||
Currency | Date | Currency | in USD($) | Value($) | (Depreciation)($) | |||||||||||||||
Short: | ||||||||||||||||||||
Australian Dollar | 4/29/08 | 731 | 640 | 666 | (26 | ) | ||||||||||||||
Australian Dollar | 5/28/08 | 1,330 | 1,219 | 1,206 | 13 | |||||||||||||||
Australian Dollar | 5/28/08 | 1,361 | 1,262 | 1,233 | 29 | |||||||||||||||
Australian Dollar | 6/3/08 | 1,327 | 1,230 | 1,202 | 28 | |||||||||||||||
Brazilian Real | 4/25/08 | 1,160 | 655 | 659 | (4 | ) | ||||||||||||||
Brazilian Real | 6/13/08 | 2,140 | 1,255 | 1,204 | 51 | |||||||||||||||
British Pound | 4/24/08 | 4,057 | 7,915 | 8,038 | (123 | ) | ||||||||||||||
British Pound | 4/29/08 | 642 | 1,265 | 1,272 | (7 | ) | ||||||||||||||
British Pound | 6/3/08 | 629 | 1,245 | 1,242 | 3 | |||||||||||||||
British Pound | 6/4/08 | 315 | 620 | 621 | (1 | ) | ||||||||||||||
British Pound | 6/27/08 | 3,924 | 7,780 | 7,732 | 48 | |||||||||||||||
Canadian Dollar | 4/23/08 | 8,137 | 7,915 | 7,927 | (12 | ) | ||||||||||||||
Chilean Peso | 4/23/08 | 303,213 | 637 | 693 | (56 | ) | ||||||||||||||
Chinese Yuan | 7/21/08 | 9,289 | 1,289 | 1,373 | (84 | ) | ||||||||||||||
Chinese Yuan | 7/21/08 | 13,916 | 1,930 | 2,057 | (127 | ) | ||||||||||||||
Euro | 4/11/08 | 423 | 612 | 668 | (56 | ) | ||||||||||||||
Euro | 5/19/08 | 5,345 | 7,780 | 8,421 | (641 | ) | ||||||||||||||
Euro | 6/3/08 | 416 | 635 | 655 | (20 | ) | ||||||||||||||
Euro | 6/3/08 | 820 | 1,272 | 1,291 | (19 | ) | ||||||||||||||
Japanese Yen | 4/16/08 | 66,898 | 625 | 672 | (47 | ) | ||||||||||||||
Japanese Yen | 4/16/08 | 1,670,988 | 15,610 | 16,782 | (1,172 | ) | ||||||||||||||
New Romanian Leu | 4/11/08 | 1,565 | 620 | 661 | (41 | ) | ||||||||||||||
New Romanian Leu | 5/15/08 | 3,184 | 1,250 | 1,336 | (86 | ) | ||||||||||||||
New Zealand Dollar | 5/22/08 | 1,580 | 1,235 | 1,231 | 4 | |||||||||||||||
Norwegian Krone | 6/4/08 | 3,253 | 627 | 636 | (9 | ) | ||||||||||||||
Norwegian Krone | 6/4/08 | 3,280 | 637 | 641 | (4 | ) | ||||||||||||||
Norwegian Krone | 6/18/08 | 6,359 | 1,223 | 1,241 | (18 | ) | ||||||||||||||
South African Rand | 5/8/08 | 4,933 | 630 | 604 | 26 | |||||||||||||||
South African Rand | 6/3/08 | 9,618 | 1,245 | 1,170 | 75 | |||||||||||||||
Turkish Lira | 4/7/08 | 744 | 620 | 557 | 63 | |||||||||||||||
Turkish Lira | 5/13/08 | 1,563 | 1,250 | 1,155 | 95 | |||||||||||||||
Turkish Lira | 5/27/08 | 769 | 625 | 565 | 60 | |||||||||||||||
Turkish Lira | 6/4/08 | 1,260 | 1,260 | 1,163 | 97 | |||||||||||||||
Total Short Contracts | $ | 74,613 | $ | 76,574 | $ | (1,961 | ) | |||||||||||||
Long: | ||||||||||||||||||||
Australian Dollar | 4/29/08 | 731 | 635 | 666 | 31 | |||||||||||||||
Australian Dollar | 5/28/08 | 1,356 | 1,245 | 1,230 | (15 | ) | ||||||||||||||
Australian Dollar | 5/28/08 | 1,335 | 1,245 | 1,210 | (35 | ) | ||||||||||||||
Australian Dollar | 6/3/08 | 1,327 | 1,245 | 1,202 | (43 | ) | ||||||||||||||
Australian Dollar | 6/17/08 | 1,331 | 1,240 | 1,204 | (36 | ) | ||||||||||||||
Australian Dollar | 6/17/08 | 1,336 | 1,240 | 1,208 | (32 | ) | ||||||||||||||
Brazilian Real | 4/25/08 | 1,160 | 635 | 658 | 23 | |||||||||||||||
Brazilian Real | 6/13/08 | 1,071 | 625 | 602 | (23 | ) | ||||||||||||||
Brazilian Real | 6/13/08 | 1,069 | 625 | 602 | (23 | ) | ||||||||||||||
Brazilian Real | 6/17/08 | 2,134 | 1,240 | 1,199 | (41 | ) | ||||||||||||||
British Pound | 4/29/08 | 642 | 1,253 | 1,271 | 18 | |||||||||||||||
British Pound | 6/3/08 | 629 | 1,261 | 1,242 | (19 | ) | ||||||||||||||
British Pound | 6/4/08 | 315 | 630 | 621 | (9 | ) | ||||||||||||||
Chilean Peso | 4/23/08 | 303,213 | 635 | 694 | 59 | |||||||||||||||
Chinese Yuan | 7/21/08 | 13,916 | 1,925 | 2,058 | 133 | |||||||||||||||
Chinese Yuan | 7/21/08 | 9,289 | 1,285 | 1,373 | 88 | |||||||||||||||
Euro | 4/11/08 | 423 | 620 | 667 | 47 | |||||||||||||||
Euro | 5/19/08 | 5,345 | 8,314 | 8,421 | 107 | |||||||||||||||
Euro | 6/3/08 | 820 | 1,245 | 1,291 | 46 | |||||||||||||||
Euro | 6/3/08 | 416 | 630 | 655 | 25 | |||||||||||||||
Japanese Yen | 4/16/08 | 66,898 | 631 | 672 | 41 | |||||||||||||||
Japanese Yen | 4/16/08 | 1,670,988 | 15,751 | 16,782 | 1,032 | |||||||||||||||
New Romanian Leu | 4/11/08 | 1,565 | 600 | 661 | 61 | |||||||||||||||
New Romanian Leu | 5/15/08 | 3,184 | 1,317 | 1,336 | 19 | |||||||||||||||
New Zealand Dollar | 5/22/08 | 790 | 637 | 616 | (21 | ) | ||||||||||||||
New Zealand Dollar | 5/22/08 | 790 | 627 | 616 | (11 | ) | ||||||||||||||
Norwegian Krone | 6/4/08 | 3,253 | 620 | 636 | 16 | |||||||||||||||
Norwegian Krone | 6/4/08 | 3,280 | 630 | 641 | 11 | |||||||||||||||
Norwegian Krone | 6/18/08 | 6,359 | 1,240 | 1,241 | 1 | |||||||||||||||
Peruvian Nuevo Sol | 4/23/08 | 1,856 | 635 | 678 | 43 | |||||||||||||||
Peruvian Nuevo Sol | 4/23/08 | 1,826 | 630 | 668 | 38 | |||||||||||||||
South African Rand | 5/8/08 | 4,933 | 619 | 603 | (16 | ) | ||||||||||||||
South African Rand | 6/3/08 | 9,618 | 1,252 | 1,170 | (82 | ) | ||||||||||||||
Turkish Lira | 4/7/08 | 744 | 619 | 557 | (62 | ) | ||||||||||||||
Turkish Lira | 5/13/08 | 1,563 | 1,267 | 1,155 | (112 | ) | ||||||||||||||
Turkish Lira | 5/27/08 | 769 | 615 | 565 | (50 | ) | ||||||||||||||
Turkish Lira | 6/4/08 | 1,588 | 1,271 | 1,162 | (109 | ) | ||||||||||||||
Total Long Contracts | $ | 56,733 | $ | 57,833 | $ | 1,100 | ||||||||||||||
139
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (6.5%) | ||||||||
Automobile ABS (4.4%) | ||||||||
BMW Vehicle Owner Trust, Ser 2006-A, Cl A3, 5.130%, 09/27/10 | 690 | 696 | ||||||
Capital One Prime Auto Receivables Trust, Ser 2005-1, Cl A3, 4.320%, 08/15/09(a) | 23 | 23 | ||||||
Daimler Chrysler Auto Trust, Ser 2006-D, Cl A3, 4.980%, 02/08/11 | 700 | 709 | ||||||
Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A3, 4.917%, 10/19/09 | 291 | 293 | ||||||
Honda Auto Receivables Owner Trust, Ser 2006-2, Cl A3, 5.300%, 07/21/10 | 477 | 482 | ||||||
MBNA Credit Card Master Note Trust, Ser 2003-A7, Cl A7, 2.650%, 11/15/10(a) | 900 | 900 | ||||||
Nissan Auto Receivables Owner Trust, Ser 2007-A, Cl A2, 5.220%, 09/15/09 | 367 | 369 | ||||||
USAA Auto Owner Trust, Ser 2006-4 Cl A3, 5.010%, 06/15/11 | 400 | 405 | ||||||
3,877 | ||||||||
Diversified Financial Services (1.5%) | ||||||||
Bank of America Credit Card Trust, Ser 2007-A7, Cl A7, 2.818%, 08/15/12(a) | 750 | 736 | ||||||
Bank One Issuance Trust, Ser 2004-A1, Cl A1, 3.450%, 10/17/11(a) | 575 | 576 | ||||||
1,312 | ||||||||
Home Equity ABS (0.6%) | ||||||||
Master Asset Backed Securities Trust, Ser 2005-AB1, Cl A1A, 2.749%, 10/25/32(a) | 59 | 58 | ||||||
Residential Funding Mortgage Securities, Ser 2006-HSA1, Cl A1, 2.709%, 11/25/35(a) | 522 | 472 | ||||||
530 | ||||||||
Total Asset-Backed Securities | 5,719 | |||||||
Collateralized Mortgage Obligations (19.7%) | ||||||||
Adjustable Rate Mortgage Trust, Ser 2005-4, Cl 3A1, 4.963%, 08/25/35(a) | 337 | 316 | ||||||
Adjustable Rate Mortgage Trust, Ser 2005-7, Cl 7A21, 2.849%, 10/25/35(a) | 352 | 245 | ||||||
Banc of America Commercial Mortgage, Inc., Ser 2004-2, Cl A2, 3.520%, 11/10/38 | 499 | 493 | ||||||
Banc of America Mortgage Securities, Ser 2003-F, Cl 1A1, 7.157%, 07/25/33(a) | 769 | 778 | ||||||
Bear Stearns Alternative-A Trust, Ser 2006-2, Cl 23A1, 5.954%, 03/25/36(a) | 661 | 513 | ||||||
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42 | 725 | 722 | ||||||
Countywide Home Loans, Ser 2002-39, Cl A16, 5.000%, 02/25/33 | 3 | 3 | ||||||
CS First Boston Mortgage Securities Corp., Ser 1998-C2, Cl A2, 6.300%, 11/15/30(a) | 272 | 273 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2004-C3, Cl A3, 4.221%, 07/15/36 | 1,005 | 994 | ||||||
CS First Boston Mortgage Securities Corp., Ser 2005-C1, Cl A2, 4.609%, 02/15/38 | 1,020 | 1,008 | ||||||
Deutsche Mortgage Securities, Inc., Ser 2004-5, Cl A2, 4.980%, 07/25/34 | 413 | 412 | ||||||
Fannie Mae, Ser 2003-35, Cl KA, 4.000%, 04/25/17 | 571 | 574 | ||||||
First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1, 5.185%, 05/25/35(a) | 577 | 279 | ||||||
First Horizon Alternative Mortgage Securities, Ser 2005-AA7, Cl 2A1, 5.406%, 09/25/35(a) | 524 | 434 |
140
Ultra-Short Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations—continued | ||||||||
Goldman Sachs Mortgage Securities Corp. II, Ser 1998-C1, Cl A3, 6.135%, 10/18/30(a) | 307 | 307 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2004-GG1, Cl A3, 4.404%, 06/10/36 | 671 | 666 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2005-GG3, Cl A2, 4.305%, 08/10/42 | 500 | 493 | ||||||
Greenwich Capital Commercial Funding Corp., Ser 2005-GG5, Cl A2, 5.117%, 04/10/37 | 225 | 224 | ||||||
GSR Mortgage Loan Trust, Ser 2007-AR1, Cl 2A1, 6.018%, 03/25/37(a) | 224 | 213 | ||||||
Indymac Loan Trust, Ser 2006-L1, Cl A1, 2.674%, 04/25/11(a) | 114 | 114 | ||||||
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A1, 4.173%, 03/15/46 | 402 | 398 | ||||||
LB Commercial Conduit Mortgage Trust, Ser 1998-C4, Cl A1B, 6.210%, 10/15/35 | 551 | 551 | ||||||
LB-UBS Commercial Mortgage Trust, Ser 2005-C1, Cl A2, 4.310%, 02/15/30 | 500 | 492 | ||||||
MASTR Adjustable Rate Mortgages Trust, Ser 2007-1, Cl 2A1, 5.976%, 11/25/36(a) | 271 | 258 | ||||||
Morgan Stanley Capital I, Ser 2004-HQ4, Cl A2, 3.920%, 04/14/40 | 292 | 290 | ||||||
Morgan Stanley Capital I, Ser 2006-HQ8, Cl A1, 5.195%, 03/12/44 | 491 | 489 | ||||||
Nationslink Funding Corp., Ser 1999-2, Cl A2C, 7.229%, 06/20/31 | 521 | 522 | ||||||
SunTrust Adjustable Rate Mortgage Loan Trust, Ser 2007-S1, Cl 1A, 5.175%, 08/25/22(a) | 1,985 | 1,725 | ||||||
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41 | 798 | 788 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2004-S, Cl A5, 3.541%, 09/25/34(a) | 750 | 749 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-16, Cl A12, 5.432%, 11/25/36 | 461 | 460 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 2A4, 5.241%, 04/25/36(a) | 832 | 823 | ||||||
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 3A1, 5.238%, 04/25/36(a) | 762 | 736 | ||||||
Total Collateralized Mortgage Obligations | 17,342 | |||||||
Commercial Paper (3.4%) | ||||||||
Dexia Delaware LLC, 2.540%, 04/01/08(b) | 1,500 | 1,500 | ||||||
Lloyds TSB Bank PLC, 2.740%, 04/01/08(b) | 1,500 | 1,500 | ||||||
Total Commercial Paper | 3,000 | |||||||
Corporate Bonds (24.4%) | ||||||||
Aerospace/Defense (0.2%) | ||||||||
Raytheon Co., 4.850%, 01/15/11 | 175 | 180 | ||||||
Auto Parts & Equipment (0.2%) | ||||||||
Johnson Controls, Inc., 5.250%, 01/15/11 | 200 | 206 | ||||||
Banks (6.0%) | ||||||||
American Express Bank, 2.666%, 04/26/10(a) | 750 | 717 | ||||||
Bank of America Corp., 7.400%, 01/15/11 | 390 | 418 | ||||||
Bank of New York Mellon Corp., Ser G, MTN, 2.711%, 06/29/10(a) | 1,000 | 984 |
141
Ultra-Short Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Bank One Corp., 2.625%, 06/30/08 | 400 | 399 | ||||||
JPMorgan Chase & Co., 7.000%, 11/15/09 | 325 | 340 | ||||||
U.S. Bancorp, Ser P, 3.512%, 02/04/10, MTN(a) | 825 | 819 | ||||||
UBS AG Stamford, 3.838%, 07/23/09(a) | 760 | 741 | ||||||
Wachovia Corp., Ser G, 3.314%, 07/26/10(a) | 850 | 812 | ||||||
5,230 | ||||||||
Commercial Services (0.4%) | ||||||||
ERAC USA Finance Co., 7.350%, 06/15/08(c) | 375 | 378 | ||||||
Diversified Financial Services (11.4%) | ||||||||
Allstate Life Global Funding Trust, 3.690%, 02/26/10, MTN(a) | 925 | 925 | ||||||
Boeing Capital Corp., 4.750%, 08/25/08 | 450 | 454 | ||||||
Capital One Bank, 4.875%, 05/15/08 | 650 | 649 | ||||||
Caterpillar Financial Services Corp., 4.150%, 01/15/10, MTN | 200 | 203 | ||||||
Caterpillar Financial Services Corp., 3.578%, 02/08/10, MTN(a) | 650 | 646 | ||||||
Credit Suisse (USA), Inc., 5.250%, 03/02/11 | 350 | 360 | ||||||
General Electric Capital Corp., Ser A, 4.125%, 09/01/09, MTN | 200 | 203 | ||||||
Goldman Sachs Group, Inc. (The), 6.875%, 01/15/11 | 500 | 534 | ||||||
Goldman Sachs Group, Inc. (The), Ser B, 2.771%, 06/28/10(a) | 1,125 | 1,094 | ||||||
HSBC Finance Corp., 4.125%, 11/16/09 | 200 | 197 | ||||||
IBM International Group Capital LLC, 3.646%, 07/29/09(a) | 950 | 952 | ||||||
International Lease Finance Corp., Ser Q, 4.625%, 06/02/08 | 500 | 500 | ||||||
International Lease Finance Corp., Ser Q, 5.450%, 03/24/11 | 200 | 200 | ||||||
JPMorgan Chase & Co., 4.168%, 01/17/11(a)(d) | 865 | 847 | ||||||
Lehman Brothers Holdings, Inc., 3.984%, 10/22/08(a) | 850 | 828 | ||||||
Lehman Brothers Holdings, Inc., Ser G, 4.250%, 01/27/10, MTN | 270 | 261 | ||||||
Merrill Lynch & Co., Inc., Ser C, 3.178%, 05/08/09(a) | 650 | 639 | ||||||
Morgan Stanley, 4.000%, 01/15/10 | 500 | 494 | ||||||
9,986 | ||||||||
Energy (0.3%) | ||||||||
MidAmerican Energy Holdings Co., 3.500%, 05/15/08 | 222 | 222 | ||||||
Information Technology (1.3%) | ||||||||
Hewlett-Packard Co., 3.476%, 09/03/09(a) | 1,125 | 1,126 | ||||||
Insurance (1.1%) | ||||||||
Lincoln National Corp., 4.756%, 04/06/09(a) | 1,000 | 986 | ||||||
Media (0.5%) | ||||||||
Comcast Cable Communication, Inc., 6.750%, 01/30/11 | 160 | 167 | ||||||
Cox Communications, Inc., 7.750%, 11/01/10 | 175 | 188 | ||||||
Time Warner Entertainment Co., 7.250%, 09/01/08 | 110 | 111 | ||||||
466 | ||||||||
Miscellaneous Manufacturer (0.2%) | ||||||||
Honeywell International, Inc., 7.500%, 03/01/10 | 200 | 215 | ||||||
Oil & Gas (0.7%) | ||||||||
Anadarko Petroleum Corp., 3.250%, 05/01/08 | 375 | 375 | ||||||
Enterprise Products Partners LP, Ser B, 4.625%, 10/15/09 | 195 | 197 | ||||||
572 | ||||||||
142
Ultra-Short Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Pipelines (0.3%) | ||||||||
CenterPoint Energy Resources Corp., 7.750%, 02/15/11 | 125 | 135 | ||||||
DCP Midstream LLC, 7.875%, 08/16/10 | 124 | 133 | ||||||
268 | ||||||||
Software (0.2%) | ||||||||
Oracle Corp., 5.000%, 01/15/11 | 195 | 200 | ||||||
Telecommunication Services (1.2%) | ||||||||
AT&T, Inc., 3.195%, 02/05/10(a) | 675 | 669 | ||||||
BellSouth Telecommunications, Inc., 5.875%, 01/15/09 | 375 | 381 | ||||||
1,050 | ||||||||
Transportation (0.2%) | ||||||||
Union Pacific Corp., 6.650%, 01/15/11 | 125 | 132 | ||||||
Utilities (0.2%) | ||||||||
American Electric Power Co., Inc., Ser C, 5.375%, 03/15/10 | 200 | 205 | ||||||
Total Corporate Bonds | 21,422 | |||||||
Master Notes (1.7%) | ||||||||
Banks (1.7%) | ||||||||
Bank of America Corp., 3.100%(a)(e) | 1,499 | 1,500 | ||||||
Total Master Notes | 1,500 | |||||||
U.S. Government Agencies (6.4%) | ||||||||
Federal Home Loan Bank (5.1%) | ||||||||
1.500%, 04/01/08(b) | 3,000 | 3,000 | ||||||
5.250%, 06/12/09 | 1,250 | 1,295 | ||||||
4.875%, 03/12/10 | 210 | 220 | ||||||
4,515 | ||||||||
Freddie Mac (1.3%) | ||||||||
5.125%, 11/24/10, Callable 11/24/08 @ 100 | 425 | 432 | ||||||
5.250%, 02/24/11, Callable 02/24/09 @ 100 | 225 | 230 | ||||||
5.400%, 02/02/12, Callable 02/02/09 @ 100 | 450 | 461 | ||||||
1,123 | ||||||||
Total U.S. Government Agencies | 5,638 | |||||||
U.S. Government Agency Mortgages (32.8%) | ||||||||
Fannie Mae (21.3%) | ||||||||
6.653%, 07/01/09 | 1,113 | 1,131 | ||||||
4.500%, 01/25/25 | 489 | 490 | ||||||
6.337%, 08/25/30 | 130 | 131 | ||||||
6.860%, 05/01/32(a) | 140 | 143 | ||||||
6.338%, 01/01/33(a) | 695 | 702 | ||||||
6.540%, 01/01/33(a) | 352 | 358 | ||||||
3.658%, 08/01/33(a) | 462 | 470 | ||||||
6.941%, 09/01/33(a) | 290 | 297 | ||||||
6.937%, 10/01/33(a) | 444 | 456 | ||||||
6.892%, 11/01/33(a) | 969 | 987 | ||||||
6.282%, 01/01/34(a) | 1,815 | 1,846 | ||||||
6.307%, 01/01/34(a) | 292 | 295 | ||||||
4.313%, 03/01/34(a) | 589 | 597 | ||||||
6.119%, 04/01/34(a) | 1,786 | 1,810 | ||||||
5.984%, 07/01/34(a) | 611 | 617 | ||||||
5.795%, 10/01/34(a) | 612 | 620 | ||||||
6.108%, 10/01/34(a) | 847 | 856 | ||||||
5.986%, 12/01/34(a) | 648 | 652 | ||||||
6.191%, 12/01/34(a) | 383 | 386 | ||||||
5.985%, 02/01/35(a) | 658 | 665 | ||||||
4.667%, 05/01/35(a) | 806 | 815 | ||||||
3.912%, 07/01/35(a) | 1,429 | 1,441 | ||||||
4.770%, 07/01/35(a) | 607 | 618 | ||||||
5.816%, 07/01/35(a) | 523 | 528 | ||||||
5.346%, 06/01/36(a) | 773 | 790 | ||||||
5.421%, 11/01/37(a) | 982 | 995 | ||||||
18,696 | ||||||||
Freddie Mac (9.9%) | ||||||||
4.000%, 11/15/11 | 153 | 153 | ||||||
3.750%, 12/15/11 | 396 | 397 | ||||||
4.375%, 04/15/15 | 375 | 379 | ||||||
4.000%, 05/15/15 | 1,275 | 1,281 | ||||||
5.000%, 09/15/15 | 313 | 317 | ||||||
5.000%, 12/15/20 | 73 | 73 | ||||||
5.500%, 04/15/26 | 304 | 311 | ||||||
3.651%, 08/01/33(a) | 517 | 519 |
143
Ultra-Short Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Freddie Mac—continued | ||||||||
4.275%, 03/01/34(a) | 755 | 764 | ||||||
4.891%, 04/01/34(a) | 154 | 157 | ||||||
5.928%, 05/01/34(a) | 1,568 | 1,604 | ||||||
4.398%, 02/01/35(a) | 661 | 672 | ||||||
5.512%, 03/01/35(a) | 980 | 988 | ||||||
6.227%, 09/01/36(a) | 432 | 443 | ||||||
5.510%, 04/01/37(a) | 593 | 601 | ||||||
8,659 | ||||||||
Ginnie Mae (1.6%) | ||||||||
6.007%, 02/16/24(a) | 204 | 209 | ||||||
3.701%, 05/16/25 | 1,236 | 1,238 | ||||||
1,447 | ||||||||
Total U.S. Government Agency Mortgages | 28,802 | |||||||
U.S. Treasury Obligations (0.5%) | ||||||||
U.S. Treasury Notes (0.5%) | ||||||||
3.500%, 02/15/10 | 425 | 439 | ||||||
Total U.S. Treasury Obligations | 439 | |||||||
Short-Term Investments (1.0%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(f) | 858,500 | 859 | ||||||
Total Short-Term Investments | 859 | |||||||
Money Market Fund (4.0%) | ||||||||
RidgeWorth Institutional Cash Management Money Market Fund(g) | 3,541,106 | 3,541 | ||||||
Total Money Market Fund | 3,541 | |||||||
Total Investments (Cost $88,786)(h) — 100.4% | 88,262 | |||||||
Liabilities in excess of other assets — (0.4)% | (370 | ) | ||||||
Net Assets — 100.0% | $ | 87,892 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rate represents the effective yield at purchase. | |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 0.40% of net assets as of March 31, 2008. | |
(d) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $832. | |
(e) | Perpetual maturity. | |
(f) | This security was purchased with cash collateral held from securities lending. | |
(g) | Affiliate investment. | |
(h) | Represents cost for financial reporting purposes. | |
MTN | — Medium Term Note |
144
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Asset-Backed Securities (1.2%) | ||||||||
Home Equity ABS (1.2%) | ||||||||
Lehman XS Trust, Ser 2007-6, Cl 3A5, 5.720%, 05/25/37(a) | 4,730 | 4,185 | ||||||
Wells Fargo Home Equity Trust, Ser 2004-2, Cl AI9, 4.980%, 05/25/34(a) | 2,000 | 1,983 | ||||||
Total Asset-Backed Securities | 6,168 | |||||||
Collateralized Mortgage Obligations (13.7%) | ||||||||
Banc of America Mortgage Securities, Ser 2003-8, Cl 2A4, 4.750%, 11/25/18 | 3,055 | 2,911 | ||||||
Fannie Mae, Ser 2007-27, Cl MC, 5.500%, 02/25/35(a) | 3,126 | 3,152 | ||||||
Fannie Mae, Ser 2007-68, Cl PC, 5.500%, 06/25/36(a) | 10,926 | 10,892 | ||||||
Fannie Mae, Ser 2007-77, Cl TB, 5.500%, 07/25/31 | 1,327 | 1,357 | ||||||
Fannie Mae, Ser 2007-79, Cl MA, 5.500%, 12/25/28 | 6,267 | 6,416 | ||||||
Fannie Mae, Ser 2007-79, Cl PE, 5.000%, 08/25/37 | 15,510 | 14,354 | ||||||
Fannie Mae, Ser 2007-88, Cl FY, 3.066%, 09/25/37(a) | 6,939 | 6,737 | ||||||
Freddie Mac, Ser 3349, Cl HE, 5.500%, 07/15/36 | 5,000 | 5,037 | ||||||
GSR Mortgage Loan Trust, Ser 2005-5F, Cl 2A2, 5.500%, 06/25/35 | 6,601 | 6,021 | ||||||
PHH Alternative Mortgage Trust, Ser 2007-1, Cl 22A1, 5.887%, 02/25/37 | 11,810 | 11,472 | ||||||
Total Collateralized Mortgage Obligations | 68,349 | |||||||
U.S. Government Agency Mortgages (45.6%) | ||||||||
Fannie Mae (24.8%) | ||||||||
5.000%, 10/01/14 | 11,777 | 12,095 | ||||||
6.290%, 08/01/18 | 1,042 | 1,085 | ||||||
4.500%, 09/01/20 | 5,682 | 5,663 | ||||||
5.000%, 01/01/23 | 6,000 | 6,063 | ||||||
5.500%, 09/01/34 | 4,916 | 4,975 | ||||||
5.500%, 02/01/35 | 8,663 | 8,763 | ||||||
5.207%, 07/01/35(a) | 13,613 | 13,624 | ||||||
5.000%, 08/01/35 | 8,193 | 8,121 | ||||||
5.178%, 01/01/36(a) | 8,407 | 8,544 | ||||||
6.000%, 01/01/36 | 11,168 | 11,453 | ||||||
5.110%, 02/01/36(a) | 7,075 | 7,144 | ||||||
5.209%, 02/01/36(a) | 3,583 | 3,645 | ||||||
5.500%, 04/01/36 | 11,601 | 11,735 | ||||||
6.500%, 05/01/36 | 9,532 | 9,881 | ||||||
6.500%, 08/01/37 | 10,863 | 11,260 | ||||||
124,051 | ||||||||
Freddie Mac (16.7%) | ||||||||
5.000%, 04/01/19 | 12,381 | 12,564 | ||||||
5.500%, 04/01/22 | 9,862 | 10,075 | ||||||
6.000%, 07/01/22(b) | 7,808 | 8,037 | ||||||
5.000%, 09/01/35 | 13,374 | 13,282 | ||||||
6.378%, 06/01/36 | 14,233 | 14,778 | ||||||
6.500%, 09/01/36 | 9,289 | 9,644 | ||||||
6.000%, 11/01/37 | 14,697 | 15,085 | ||||||
83,465 | ||||||||
Ginnie Mae (4.1%) | ||||||||
6.500%, 04/14/38 | 19,397 | 20,161 | ||||||
Total U.S. Government Agency Mortgages | 227,677 | |||||||
U.S. Treasury Obligations (32.0%) | ||||||||
U.S. Treasury Notes (32.0%) | ||||||||
4.875%, 04/30/11(c) | 14,300 | 15,580 | ||||||
4.625%, 02/29/12(c) | 20,000 | 21,817 | ||||||
3.625%, 12/31/12(c) | 37,000 | 38,985 | ||||||
2.750%, 02/28/13(c) | 20,000 | 20,275 | ||||||
4.250%, 08/15/14(c) | 24,000 | 26,231 | ||||||
4.750%, 08/15/17 | 6,050 | 6,694 | ||||||
4.250%, 11/15/17(c) | 8,000 | 8,536 | ||||||
3.500%, 02/15/18(c) | 6,000 | 6,035 | ||||||
5.000%, 05/15/37(c) | 14,000 | 15,662 | ||||||
Total U.S. Treasury Obligations | 159,815 | |||||||
145
U.S. Government Securities Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Short-Term Investments (30.2%) | ||||||||
Credit Suisse Enhanced Liquidity Fund(d) | 151,138,999 | 151,139 | ||||||
Total Short-Term Investments | 151,139 | |||||||
Money Market Fund (11.3%) | ||||||||
RidgeWorth Institutional U.S. Government Securities Money Market Fund(e) | 56,494,189 | 56,494 | ||||||
Total Money Market Fund | 56,494 | |||||||
Total Investments (Cost $654,008)(f) — 134.0% | 669,642 | |||||||
Liabilities in excess of other assets — (34.0)% | (169,954 | ) | ||||||
Net Assets — 100.0% | $ | 499,688 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Security purchased on a when-issue basis. | |
(c) | This security or a partial position of the security was on loan as of March 31, 2008. The total value of securities on loan as of March 31, 2008 in thousands was $147,151. | |
(d) | This security was purchased with cash collateral held from securities lending. | |
(e) | Affiliate investment. | |
(f) | Represents cost for financial reporting purposes. |
146
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Government Agencies (7.2%) | ||||||||
Federal Home Loan Bank (4.1%) | ||||||||
1.500%, 04/01/08(a) | 1,000 | 1,000 | ||||||
2.134%, 04/23/08(a) | 1,000 | 999 | ||||||
4.875%, 03/12/10 | 225 | 236 | ||||||
5.125%, 09/29/10 | 325 | 346 | ||||||
2,581 | ||||||||
Freddie Mac (3.1%) | ||||||||
3.375%, 04/15/09 | 1,500 | 1,517 | ||||||
5.125%, 11/24/10, Callable 11/24/08 @ 100 | 250 | 254 | ||||||
5.250%, 02/24/11, Callable 02/24/09 @ 100 | 150 | 154 | ||||||
1,925 | ||||||||
Total U.S. Government Agencies | 4,506 | |||||||
U.S. Government Agency Mortgages (88.9%) | ||||||||
Fannie Mae (69.4%) | ||||||||
6.350%, 05/01/09 | 267 | 272 | ||||||
4.500%, 01/25/25 | 244 | 245 | ||||||
6.860%, 05/01/32(b) | 159 | 162 | ||||||
6.338%, 01/01/33(b) | 533 | 538 | ||||||
6.540%, 01/01/33(b) | 578 | 588 | ||||||
4.292%, 03/01/33(b) | 599 | 612 | ||||||
4.401%, 04/01/33(b) | 1,712 | 1,747 | ||||||
4.564%, 05/01/33(b) | 356 | 358 | ||||||
3.595%, 07/01/33(b) | 548 | 555 | ||||||
3.658%, 08/01/33(b) | 498 | 507 | ||||||
6.941%, 09/01/33(b) | 126 | 129 | ||||||
4.332%, 10/01/33(b) | 2,489 | 2,481 | ||||||
6.937%, 10/01/33(b) | 190 | 195 | ||||||
6.892%, 11/01/33(b) | 1,823 | 1,857 | ||||||
6.282%, 01/01/34(b) | 475 | 483 | ||||||
6.307%, 01/01/34(b) | 131 | 133 | ||||||
4.313%, 03/01/34(b) | 523 | 529 | ||||||
6.119%, 04/01/34(b) | 753 | 762 | ||||||
5.254%, 05/01/34(b) | 2,353 | 2,373 | ||||||
4.776%, 07/01/34(b) | 1,294 | 1,335 | ||||||
5.564%, 07/01/34(b) | 905 | 912 | ||||||
5.984%, 07/01/34(b) | 625 | 631 | ||||||
4.759%, 08/01/34(b) | 2,059 | 2,089 | ||||||
5.795%, 10/01/34(b) | 398 | 403 | ||||||
6.108%, 10/01/34(b) | 635 | 642 | ||||||
5.970%, 12/01/34(b) | 527 | 530 | ||||||
5.986%, 12/01/34(b) | 545 | 548 | ||||||
6.191%, 12/01/34(b) | 901 | 907 | ||||||
5.985%, 02/01/35(b) | 477 | 483 | ||||||
5.018%, 03/01/35(b) | 1,931 | 1,955 | ||||||
5.235%, 04/01/35(b) | 583 | 591 | ||||||
4.667%, 05/01/35(b) | 968 | 979 | ||||||
4.315%, 06/01/35(b) | 1,308 | 1,315 | ||||||
3.912%, 07/01/35(b) | 2,384 | 2,405 | ||||||
4.442%, 07/01/35(b) | 3,178 | 3,207 | ||||||
4.770%, 07/01/35(b) | 607 | 618 | ||||||
5.816%, 07/01/35(b) | 291 | 294 | ||||||
4.641%, 08/01/35(b) | 1,646 | 1,657 | ||||||
5.193%, 08/01/35 | 896 | 913 | ||||||
5.340%, 02/01/36(b) | 2,339 | 2,353 | ||||||
5.346%, 06/01/36(b) | 571 | 584 | ||||||
5.601%, 07/01/36 | 1,333 | 1,349 | ||||||
5.421%, 11/01/37(b) | 2,385 | 2,418 | ||||||
43,644 | ||||||||
Freddie Mac (18.2%) | ||||||||
4.000%, 11/15/11 | 77 | 77 | ||||||
3.750%, 12/15/11 | 169 | 169 | ||||||
4.375%, 04/15/15 | 284 | 288 | ||||||
4.000%, 05/15/15 | 725 | 728 | ||||||
5.000%, 09/15/15 | 104 | 106 | ||||||
3.651%, 08/01/33(b) | 517 | 519 | ||||||
4.275%, 03/01/34(b) | 418 | 422 | ||||||
4.891%, 04/01/34(b) | 97 | 99 | ||||||
5.689%, 05/01/34(b) | 477 | 487 | ||||||
5.928%, 05/01/34(b) | 541 | 553 | ||||||
5.302%, 07/01/34(b) | 715 | 732 | ||||||
5.687%, 08/01/34(b) | 953 | 966 | ||||||
4.398%, 02/01/35(b) | 612 | 621 | ||||||
6.067%, 02/01/35(b) | 391 | 395 | ||||||
5.512%, 03/01/35(b) | 2,160 | 2,178 | ||||||
6.227%, 09/01/36(b) | 871 | 895 | ||||||
4.888%, 10/01/36(b) | 1,637 | 1,649 | ||||||
5.510%, 04/01/37(b) | 597 | 606 | ||||||
11,490 | ||||||||
Ginnie Mae (1.3%) | ||||||||
6.007%, 02/16/24(b) | 51 | 52 | ||||||
3.701%, 05/16/25 | 742 | 743 | ||||||
795 | ||||||||
Total U.S. Government Agency Mortgages | 55,929 | |||||||
147
U.S. Government Securities Ultra-Short Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (2.9%) | ||||||||
Federated Government Obligations Money Market Fund | 1,849,251 | 1,849 | ||||||
Total Money Market Fund | 1,849 | |||||||
Total Investments (Cost $61,871)(c) — 99.0% | 62,284 | |||||||
Other assets in excess of liabilities — 1.0% | 620 | |||||||
Net Assets — 100.0% | $ | 62,904 | ||||||
(a) | Rate represents the effective yield at purchase. | |
(b) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(c) | Represents cost for financial reporting purposes. |
148
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (97.4%) | ||||||||
Virginia (97.4%) | ||||||||
Amherst County Service Authority, RB, 6.000%, 12/15/20, Callable 12/15/10 @ 102 | 500 | 517 | ||||||
Amherst County Service Authority, RB, 6.000%, 12/15/30, Callable 12/15/10 @ 102 | 1,750 | 1,796 | ||||||
Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/17, Prerefunded 07/01/11 @ 101 | 2,225 | 2,441 | ||||||
Arlington County Industrial Development Authority, Resource Recovery, Ser B, RB, AMT, 5.250%, 01/01/10, Callable 07/01/08 @ 101, FSA | 1,000 | 1,016 | ||||||
Arlington County Industrial Development Authority, Resource Recovery, Ser B, RB, AMT, 5.375%, 01/01/11, Callable 07/01/08 @ 101, FSA | 2,785 | 2,830 | ||||||
Arlington County, Public Improvement, GO, 5.000%, 03/15/15, | 4,950 | 5,477 | ||||||
Bedford County Economic Development Authority, Public Facilities Lease, RB, 5.250%, 05/01/24, Callable 01/01/16 @ 100, MBIA | 2,890 | 2,982 | ||||||
Bristol Utility System, RB, 5.250%, 07/15/23, Callable 07/15/13 @ 100, MBIA | 1,000 | 1,025 | ||||||
Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/19, Callable 12/01/14 @ 101 | 2,465 | 2,629 | ||||||
Fairfax County Economic Development Authority, Residential Care Facilities, Goodwin House, Inc., RB, 4.450%, 10/01/19, Callable 10/01/17 @ 100 | 500 | 455 | ||||||
Fairfax County Economic Development Authority, Residential Care Facilities, Goodwin House, Inc., RB, 4.700%, 10/01/24, Callable 10/01/17 @ 100 | 750 | 670 | ||||||
Fairfax County Redevelopment & Housing Authority, Affordable Housing, Ser A, RB, BAN, 4.000%, 03/01/13, Callable 03/01/11 @ 100 | 1,725 | 1,763 | ||||||
Fairfax County, Public Improvement, Ser B, GO, 5.000%, 10/01/12, | 3,250 | 3,550 | ||||||
Fauquier County, School Bonds, GO, 5.000%, 07/01/19, Callable 07/01/16 @100, MBIA | 2,100 | 2,255 | ||||||
Front Royal & Warren County Development Authority, Ser B, RB, 5.000%, 04/01/23, Callable 04/01/14 @ 100, FSA | 2,485 | 2,546 | ||||||
Greater Richmond Convention Center Authority, Hotel Tax, Center Expansion Project, RB, 6.125%, 06/15/25, Prerefunded 06/15/10 @ 101 | 1,240 | 1,352 | ||||||
Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, Callable 06/15/15 @ 100, MBIA | 2,855 | 3,058 |
149
Virginia Intermediate Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Hampton Golf Course, RB, 6.000%, 12/01/12 | 652 | 684 | ||||||
Hampton Public Improvement, Ser A, GO, 5.000%, 04/01/22, Callable 04/01/15 @ 100, FGIC | 1,640 | 1,697 | ||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23, Callable 04/01/18 @ 100 | 1,060 | 1,100 | ||||||
Hampton, Ser A, GO, 5.500%, 07/15/18, Callable 07/15/12 @ 101 | 1,275 | 1,376 | ||||||
Hanover County Industrial Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, MBIA | 6,100 | 6,950 | ||||||
Henrico County Economic Development Authority, Beth Sholom Assisted Living Project, Ser A, RB, 5.850%, 07/20/19, Callable 07/20/09 @ 102, GNMA | 400 | 418 | ||||||
Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 5.000%, 06/01/10 | 1,015 | 1,022 | ||||||
Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 6.500%, 06/01/22, Callable 06/01/12 @ 100 | 1,040 | 1,059 | ||||||
Henrico County Economic Development Authority, Residential Care Facilities, Westminster Canterbury, RB, 5.000%, 10/01/21, Callable 10/01/11 @ 100 | 1,375 | 1,320 | ||||||
Henrico County Economic Development Authority, Residential Care Facilities, Westminster Canterbury, RB, 5.000%, 10/01/27, Callable 10/01/11 @ 103 | 500 | 454 | ||||||
Henrico County Economic Development Authority, Residential Care Facility, Westminister Canterbury, RB, 2.280%, 10/01/37, LOC: Branch Banking & Trust Co.(a) | 500 | 500 | ||||||
Henrico County Economic Development Authority, Ser A, RB, 5.900%, 07/20/29, Callable 07/20/09 @ 102, GNMA | 500 | 522 | ||||||
Henry County Public Service Authority, Water & Sewer, RB, 5.250%, 11/15/13, FSA | 1,500 | 1,666 | ||||||
James City County Economic Development Authority, Public Facility Project, 5.000%, 06/15/21, Callable 06/15/17 @ 100, FSA | 2,215 | 2,329 | ||||||
Loudoun County Industrial Development Authority, Howard Hughes Medical Institution, Ser C, RB, 1.500%, 02/15/38(a) | 1,550 | 1,550 | ||||||
Loudoun County Industrial Development Authority, Loudoun Hospital Center, RB, 6.000%, 06/01/22, Prerefunded 06/01/12 @ 101 | 1,000 | 1,129 | ||||||
Loudoun County Industrial Development Authority, Public Safety Facilities Lease, Ser A, RB, 5.250%, 12/15/17, Callable 06/15/14 @ 100, FSA | 1,110 | 1,216 |
150
Virginia Intermediate Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Loudoun County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100 | 1,750 | 1,741 | ||||||
Loudoun County Industrial Development Authority, Residential Care Facilities, Ser B, RB, 5.000%, 08/01/28, Callable 04/21/08 @ 100.5 | 1,100 | 1,097 | ||||||
Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Callable 01/01/15 @ 100 | 3,165 | 3,239 | ||||||
Loudoun County, Public Improvement, Ser B, GO, 5.000%, 06/01/14 | 3,500 | 3,863 | ||||||
Louisa Industrial Development Authority, Pollution Control, Virginia Electric & Power Co., RB, 5.250%, 12/01/08, Callable 04/11/08 @ 100.5 | 955 | 962 | ||||||
Lynchburg Industrial Development Authority Healthcare Facilities, Centra Health, RB, 5.000%, 01/01/09, Callable 04/11/08 @ 101, MBIA | 500 | 506 | ||||||
Lynchburg Industrial Development Authority, Residential Care Facility, Westminster-Canterbury, RB, 4.875%, 07/01/21, Callable 07/01/17 @ 100 | 500 | 459 | ||||||
Metropolitan Washington DC Airports Authority, Airport System, Ser A, RB, AMT, 5.500%, 10/01/27, Callable 10/01/11 @ 101, MBIA | 1,000 | 994 | ||||||
Montgomery County Industrial Development Authority, RB, 5.500%, 01/15/18, Callable 01/15/12 @ 101, AMBAC | 1,865 | 1,973 | ||||||
New Kent County Economic Development Authority, School & Governmental Projects, RB, 5.000%, 02/01/18, Callable 02/01/17 @ 100, FSA | 2,225 | 2,402 | ||||||
Newport News, GO, 5.250%, 07/01/15, | 3,000 | 3,364 | ||||||
Orange County Economic Development Authority Lease, RB, 4.750%, 02/01/22, Callable 02/01/17 @ 100, Assured GTY | 2,000 | 2,016 | ||||||
Peninsula Ports Authority, Residential Care Facility, Ser A, RB, 7.375%, 12/01/23, Prerefunded 12/01/13 @ 100 | 3,520 | 4,313 | ||||||
Pittsylvania County, Ser B, GO, 5.625%, 03/01/15, Callable 03/01/11 @ 102, MBIA | 1,000 | 1,086 | ||||||
Portsmouth, Ser A, GO, 5.000%, 04/01/14, MBIA | 2,005 | 2,198 | ||||||
Portsmouth, Ser A, GO, 5.000%, 07/01/15, MBIA | 2,285 | 2,517 | ||||||
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC | 1,795 | 1,929 | ||||||
Richmond Industrial Development Authority, Student Housing, RB, 5.450%, 01/01/21, Callable 01/01/11 @ 102 | 1,000 | 1,026 |
151
Virginia Intermediate Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Richmond, GO, 5.500%, 01/15/12, Callable 01/15/11 @ 101, FSA | 2,500 | 2,694 | ||||||
Richmond, GO, 5.500%, 01/15/15, Callable 01/15/11 @ 101, FSA | 1,290 | 1,387 | ||||||
Richmond, GO, 5.500%, 01/15/18, Callable 01/15/11 @ 101, FSA | 3,755 | 3,962 | ||||||
Richmond, Public Improvement, GO, 5.000%, 07/15/24, Callable 07/15/16 @ 100, FSA | 1,435 | 1,482 | ||||||
Riverside Regional Jail Authority, Jail Facility, RB, 4.250%, 07/01/10, Callable 07/01/09 @ 100 | 2,000 | 2,036 | ||||||
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/13, Callable 07/01/12 @ 100, MBIA | 2,000 | 2,180 | ||||||
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/14, Callable 07/01/12 @ 100, MBIA | 2,000 | 2,166 | ||||||
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/16, Callable 07/01/12 @ 100, MBIA | 1,000 | 1,058 | ||||||
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/18, Callable 07/01/12 @ 100, MBIA | 2,000 | 2,091 | ||||||
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/21, Callable 07/01/12 @ 100, MBIA | 1,000 | 1,031 | ||||||
Roanoke Public Improvement, Ser B, GO, 5.000%, 02/01/24, Callable 02/01/15 @ 101 | 2,500 | 2,583 | ||||||
Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26, FSA | 3,635 | 3,695 | ||||||
Stafford County & Staunton Industrial Development Authority, RB, 5.000%, 08/01/23, Callable 08/01/18 @ 100, XLCA | 1,025 | 1,035 | ||||||
Stafford County & Staunton Industrial Development Authority, Ser B, RB, 5.000%, 08/01/25, Callable 08/01/17 @ 100, XLCA | 3,330 | 3,322 | ||||||
Stafford County & Staunton Industrial Development Authority, Ser C, RB, 5.250%, 02/01/20, Callable 02/01/17 @ 100, XLCA | 2,165 | 2,267 | ||||||
Suffolk Industrial Development Authority, Retirement Facilities, First Mortgage — Lake Prince Center, RB, 5.150%, 09/01/24, Callable 09/01/16 @ 100 | 1,750 | 1,596 |
152
Virginia Intermediate Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Tobacco Settlement Financing Corp., RB, 4.000%, 06/01/13, Prerefunded 06/01/08 @ 100 | 1,095 | 1,103 | ||||||
Tobacco Settlement Financing Corp., RB, 5.250%, 06/01/19, Prerefunded 06/01/15 @ 100 | 2,070 | 2,188 | ||||||
Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Prerefunded 06/01/12 @ 100 | 3,500 | 3,838 | ||||||
University of Virginia, Ser A, RB, 2.050%, 06/01/34(a) | 1,765 | 1,765 | ||||||
Virginia Beach Development Authority, Ser A, RB, 5.375%, 08/01/16, Callable 08/01/12 @ 100 | 1,650 | 1,791 | ||||||
Virginia Beach Development Authority, Wesleyan College Project, RB, 2.100%, 07/01/33, LOC: Bank of America N.A.(a) | 1,200 | 1,200 | ||||||
Virginia Beach, Public Improvement, Ser B, GO, 5.000%, 05/01/13 | 2,500 | 2,739 | ||||||
Virginia Beach, Ser C, GO, 5.000%, 09/15/16 | 2,825 | 3,135 | ||||||
Virginia College Building Authority, Educational Facilities Project, Ser A, RB, 5.000%, 02/01/15, Callable 02/01/14 @ 100 | 4,510 | 4,899 | ||||||
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21, Callable 01/01/16 @ 100 | 3,090 | 3,410 | ||||||
Virginia College Building Authority, Educational Facilities, Public Higher Educational Financing Program, Ser B, RB, 5.000%, 09/01/13 | 3,000 | 3,294 | ||||||
Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Ser A, RB, 5.000%, 09/01/17, Callable 09/01/16 @ 100, | 3,000 | 3,288 | ||||||
Virginia Commonwealth Transportation Board, North Virginia Transportation District, Ser A, RB, 5.000%, 05/15/14 | 3,000 | 3,303 | ||||||
Virginia Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/12, Callable 05/15/11 @ 100 | 1,000 | 1,072 | ||||||
Virginia Commonwealth University Health System Authority, Ser B, RB, 1.200%, 07/01/37, LOC: Branch Banking & Trust Co.(a) | 1,000 | 1,000 | ||||||
Virginia Housing Development Authority, Multifamily, Ser E, RB, AMT, 5.350%, 11/01/11, Callable 04/11/08 @ 102 | 1,250 | 1,277 | ||||||
Virginia Housing Development Authority, Multifamily, Ser H, RB, AMT, 5.625%, 11/01/18, Callable 11/01/09 @ 100 | 3,500 | 3,632 | ||||||
Virginia Housing Development Authority, Multifamily, Ser I, RB, AMT, 4.875%, 11/01/12, Callable 01/01/09 @ 101 | 1,950 | 1,983 |
153
Virginia Intermediate Municipal Bond Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC | 2,095 | 2,194 | ||||||
Virginia Public Building Authority, Public Facilities, Ser A, RB, 5.000%, 08/01/13 | 2,500 | 2,739 | ||||||
Virginia Public Building Authority, Public Facilities, Ser C, RB, 5.000%, 08/01/14 | 2,000 | 2,199 | ||||||
Virginia Public School Authority, School Financing 1997 Resolution, Ser A, RB, 5.000%, 08/01/11 | 3,000 | 3,227 | ||||||
Virginia Public School Authority, School Financing 1997, Ser A, RB, 5.000%, 08/01/24, Callable 08/01/14 @ 100 | 1,365 | 1,400 | ||||||
Virginia Public School Authority, School Financing 1997, Ser C, RB, 5.000%, 08/01/11 | 1,390 | 1,495 | ||||||
Virginia Public School Authority, Ser B, RB, 5.000%, 08/01/13, Callable 08/01/10 @ 101 | 2,910 | 3,070 | ||||||
Virginia Resource Authority, Senior Infrastructure, Ser B, RB, 5.000%, 11/01/26, Callable 11/01/14 @ 100 | 2,185 | 2,227 | ||||||
Virginia Resources Authority Infrastructure, Pooled Financing Program, Ser B, RB, 5.000%, 11/01/21, Callable 11/01/17 @ 100 | 1,230 | 1,294 | ||||||
Virginia Resources Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/16 | 2,030 | 2,246 | ||||||
Virginia Resources Authority, Infrastructure, Ser A, RB, 5.800%, 05/01/30, Prerefunded 05/01/11 @ 101, MBIA | 1,500 | 1,656 | ||||||
Virginia Small Business Financing Authority, Children’s Hospital of King’s Daughters, Inc., RB, 2.080%, 01/01/36, LOC: Wachovia Bank N.A.(a) | 2,100 | 2,100 | ||||||
Western Regional Jail Authority, Jail Facilities, RB, 4.750%, 06/01/23, Callable 06/01/17 @ 100, MBIA | 2,255 | 2,282 | ||||||
Winchester, Public Improvement, GO, 5.000%, 11/01/18, Callable 11/01/15 @ 100, FGIC | 2,580 | 2,763 | ||||||
York County Industrial Development Authority, Pollution Control Project, RB, 5.500%, 07/01/09, Callable 04/11/08 @ 100.50 | 740 | 745 | ||||||
Total Municipal Bonds | 208,178 | |||||||
154
Virginia Intermediate Municipal Bond Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Fund (1.7%) | ||||||||
Federated Virginia Municipal Cash Trust, Institutional Class | 3,689,195 | 3,689 | ||||||
Total Investments (Cost $207,380)(b) — 99.1% | 211,867 | |||||||
Other Assets — 0.9% | 1,973 | |||||||
Net Assets — 100.0% | $ | 213,840 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Represents cost for financial reporting purposes. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
AMT | — Alternative Minimum Tax Paper | |
BAN | — Bond Anticipation Note | |
FGIC | — Security insured by Financial Guaranty Insurance Company | |
FSA | — Security insured by Financial Security Assurance | |
GNMA | — Security insured by Ginnie Mae | |
GO | — General Obligation | |
MBIA | — Security insured by Municipal Bond Insurance Association | |
RB | — Revenue Bond | |
XLCA | — Security insured by XL Capital Assurance, Inc. |
155
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Certificates of Deposit (7.8%) | ||||||||
Banks (7.3%) | ||||||||
Banco Santander, 2.880%, 07/03/08 | 50,000 | 50,041 | ||||||
Barclays Bank PLC NY, 3.670%, 07/17/08 | 75,000 | 75,000 | ||||||
Branch Banking & Trust Co., 2.835%, 01/30/09 | 75,000 | 75,000 | ||||||
Canadian Imperial Bank NY, 3.915%, 04/22/08 | 30,000 | 30,012 | ||||||
Chase Bank USA N.A., 2.750%, 08/13/08 | 75,000 | 75,000 | ||||||
Deutsche Bank AG, 2.410%, 04/10/08(a) | 75,000 | 75,000 | ||||||
Natixis, 2.420%, 04/21/08(a) | 75,000 | 75,000 | ||||||
Nordea Bank AB, 4.820%, 10/17/08 | 50,000 | 50,331 | ||||||
Svenska Handelsbanken AB, 3.790%, 04/18/08 | 50,000 | 50,000 | ||||||
Toronto Dominion Bank, 2.980%, 05/22/08 | 50,000 | 50,001 | ||||||
Toronto Dominion Bank, 2.900%, 08/20/08 | 50,000 | 50,002 | ||||||
Toronto Dominion Bank, 2.640%, 09/15/08 | 50,000 | 50,001 | ||||||
Wachovia Bank N.A., 4.653%, 01/12/09(a) | 50,000 | 50,000 | ||||||
755,388 | ||||||||
Diversified Financial Services (0.5%) | ||||||||
Regions Financial Corp., 4.250%, 04/09/08 | 50,000 | 50,000 | ||||||
50,000 | ||||||||
Total Certificates of Deposit | 805,388 | |||||||
Commercial Paper (41.5%) | ||||||||
Banks (15.5%) | ||||||||
Abbey National PLC, 2.678%, 06/10/08(b) | 50,000 | 49,741 | ||||||
ABN AMRO Bank N.V., 4.552%, 04/04/08(b) | 26,175 | 26,165 | ||||||
ABN AMRO Bank N.V., 3.038%, 05/13/08(b) | 63,000 | 62,778 | ||||||
Australia & New Zealand National Ltd., 4.564%, 04/07/08(b)(c) | 23,000 | 22,983 | ||||||
Australia & New Zealand National Ltd., 5.130%, 04/11/08(b)(c) | 75,000 | 74,896 | ||||||
Australia & New Zealand National Ltd., 2.625%, 06/12/08(b)(c) | 30,000 | 29,843 | ||||||
Banco Santander Central Hispano SA, 3.085%, 06/30/08(b) | 75,000 | 74,429 | ||||||
Bank of Ireland, 3.069%, 04/28/08(b)(c) | 55,250 | 55,124 | ||||||
Bank of Ireland, 4.857%, 06/06/08(b)(c) | 50,000 | 49,566 | ||||||
Bank of Ireland, 2.557%, 06/18/08(b)(c) | 75,000 | 74,587 | ||||||
Bank of Nova Scotia, 3.860%, 04/16/08 | 50,000 | 50,000 | ||||||
Bank of Nova Scotia, 2.950%, 05/05/08 | 50,000 | 50,000 | ||||||
Bank of Nova Scotia, 2.880%, 02/25/09 | 50,000 | 50,000 | ||||||
Danske Bank, 2.942%, 04/03/08(b)(c) | 50,000 | 49,992 | ||||||
Danske Bank, 2.808%, 04/17/08(b)(c) | 75,000 | 74,907 | ||||||
Danske Bank, 2.496%, 06/20/08(b)(c) | 50,000 | 49,724 | ||||||
Dexia Delaware LLC, 2.987%, 05/07/08(b) | 50,000 | 49,852 | ||||||
DnB Nor Bank ASA, 4.296%, 04/09/08(b)(c) | 50,000 | 49,953 | ||||||
DnB Nor Bank ASA, 3.192%, 04/16/08(b)(c) | 23,300 | 23,269 | ||||||
DnB Nor Bank ASA, 4.014%, 05/13/08(b)(c) | 25,000 | 24,885 | ||||||
DnB Nor Bank ASA, 2.868%, 05/30/08(b)(c) | 12,850 | 12,790 | ||||||
DnB Nor Bank ASA, 2.790%, 06/11/08(b)(c) | 50,000 | 49,727 | ||||||
DnB Nor Bank ASA, 2.939%, 07/15/08(b)(c) | 50,000 | 49,577 | ||||||
HSBC USA, Inc., 4.500%, 04/02/08(b) | 37,700 | 37,695 | ||||||
HSBC USA, Inc., 2.901%, 06/06/08(b) | 21,500 | 21,386 | ||||||
HSBC USA, Inc., 2.470%, 07/14/08(b) | 44,125 | 43,813 |
156
Prime Quality Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Lloyds TSB Group PLC, 2.506%, 06/24/08(b) | 75,000 | 74,564 | ||||||
Lloyds TSB Group PLC, 2.803%, 07/01/08(b) | 75,000 | 74,475 | ||||||
Royal Bank of Canada, 2.676%, 05/01/08(b) | 25,000 | 24,944 | ||||||
Royal Bank of Scotland, 2.700%, 04/02/08(b)(c) | 30,000 | 29,998 | ||||||
Royal Bank of Scotland, 4.994%, 04/16/08(b) | 50,000 | 49,899 | ||||||
Royal Bank of Scotland, 2.915%, 05/08/08(b) | 50,000 | 49,851 | ||||||
Royal Bank of Scotland, 2.992%, 05/27/08(b) | 50,000 | 49,769 | ||||||
Skandinaviska Enskilda Banken AB, 2.968%, 04/07/08(b)(c) | 30,000 | 29,985 | ||||||
Skandinaviska Enskilda Banken AB, 3.027%, 04/10/08(b)(c) | 20,200 | 20,185 | ||||||
1,611,352 | ||||||||
Diversified Financial Services (23.6%) | ||||||||
Alcon Capital Corp., 2.910%, 04/25/08(b)(c) | 50,000 | 49,904 | ||||||
Allianz Finance Corp., 2.354%, 04/17/08(b)(c) | 36,095 | 36,057 | ||||||
Allianz Finance Corp., 2.661%, 05/21/08(b)(c) | 50,000 | 49,816 | ||||||
ANZ National (International) Ltd., 3.074%, 05/19/08(b)(c) | 50,000 | 49,797 | ||||||
ASB Financial Corp., 3.220%, 04/09/08(b)(c) | 14,500 | 14,490 | ||||||
ASB Financial Corp., 3.123%, 04/30/08(b)(c) | 46,000 | 45,885 | ||||||
ASB Financial Corp., 2.958%, 07/09/08(b)(c) | 25,000 | 24,799 | ||||||
ASB Financial Corp., 4.725%, 09/11/08(b)(c) | 50,000 | 48,968 | ||||||
ASB Financial Corp., 4.535%, 12/01/08(b)(c) | 50,000 | 48,529 | ||||||
CBA Finance, 2.587%, 06/20/08(b) | 50,000 | 49,714 | ||||||
Chesham Finance LLC, 5.400%, 05/30/08(b)(c) | 26,000 | 25,782 | ||||||
Dresdner US Financial, 2.890%, 04/01/08(b) | 150,000 | 150,000 | ||||||
Fountain Square Commercial Funding Corp., 3.511%, 04/01/08(b)(c) | 50,000 | 50,000 | ||||||
General Electric Capital Corp., 4.950%, 04/14/08(b) | 75,000 | 74,869 | ||||||
General Electric Capital Corp., 2.870%, 08/15/08(b) | 65,000 | 64,305 | ||||||
Greenwich Capital Holdings, 2.481%, 09/19/08(b) | 50,000 | 49,418 | ||||||
IBM Credit Corp., 2.180%, 06/02/08(b)(c) | 50,000 | 49,813 | ||||||
ING (U.S.) Funding LLC, 3.006%, 04/04/08(b) | 66,100 | 66,084 | ||||||
ING (U.S.) Funding LLC, 2.961%, 04/18/08(b) | 14,000 | 13,980 | ||||||
ING (U.S.) Funding LLC, 2.914%, 05/05/08(b) | 15,990 | 15,946 | ||||||
International Lease Finance Corp., 2.526%, 04/21/08(b) | 50,000 | 49,930 | ||||||
International Lease Finance Corp., 2.716%, 04/22/08(b) | 50,000 | 49,921 | ||||||
International Lease Finance Corp., 3.057%, 06/11/08(b) | 50,000 | 49,701 | ||||||
Intesa Funding LLC, 2.826%, 04/03/08(b) | 25,000 | 24,996 | ||||||
Intesa Funding LLC, 2.515%, 06/13/08(b) | 12,235 | 12,173 | ||||||
Intesa Funding LLC, 2.536%, 06/17/08(b) | 62,100 | 61,765 | ||||||
John Deere Capital Corp., 2.818%, 05/01/08(b)(c) | 45,000 | 44,895 | ||||||
JPMorgan Chase & Co., 2.617%, 06/09/08(b) | 75,000 | 74,626 | ||||||
National Australian Funding, 2.838%, 04/11/08(b)(c) | 25,000 | 24,980 | ||||||
National Australian Funding, 2.734%, 04/21/08(b)(c) | 25,000 | 24,962 |
157
Prime Quality Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
�� | ||||||||
National Australian Funding, 2.819%, 06/03/08(b)(c) | 39,941 | 39,745 | ||||||
Nestle Capital Corp., 2.722%, 05/23/08(b)(c) | 35,815 | 35,675 | ||||||
New Center Asset, 3.310%, 04/15/08(b) | 75,000 | 74,904 | ||||||
New York Life Insurance Capital Corp., 2.736%, 04/03/08(b)(c) | 43,590 | 43,583 | ||||||
Nordea North America, Inc., 5.006%, 04/01/08(b) | 125,000 | 125,000 | ||||||
Nordea North America, Inc., 2.904%, 05/06/08(b) | 50,000 | 49,860 | ||||||
Old Line Funding Corp., 3.229%, 04/03/08(b)(c) | 61,726 | 61,715 | ||||||
Old Line Funding Corp., 3.001%, 04/08/08(b)(c) | 50,000 | 49,971 | ||||||
Rabobank USA Finance Corp., 2.454%, 04/09/08(b) | 23,417 | 23,404 | ||||||
Rabobank USA Finance Corp., 2.862%, 05/27/08(b) | 75,000 | 74,669 | ||||||
San Paolo-IMI US Financial Co., 4.510%, 04/02/08(b) | 75,000 | 74,991 | ||||||
San Paolo-IMI US Financial Co., 3.867%, 04/15/08(b) | 50,000 | 49,926 | ||||||
Siemens Capital Co. LLC, 2.511%, 05/08/08(b)(c) | 25,000 | 24,936 | ||||||
Societe Generale N.A., 3.949%, 04/15/08(b) | 50,000 | 49,924 | ||||||
Swiss Re Financial Products Corp., 2.696%, 04/28/08(b)(c) | 45,000 | 44,900 | ||||||
Swiss Re Financial Products Corp., 2.995%, 08/27/08(b)(c) | 10,000 | 9,879 | ||||||
Variable Funding Capital Corp., 3.056%, 04/04/08(b)(c) | 50,000 | 49,987 | ||||||
Wal-Mart Funding Corp., 2.704%, 04/16/08(b)(c) | 75,000 | 74,918 | ||||||
Westpac Banking Corp., 4.554%, 04/07/08(b)(c) | 50,000 | 49,963 | ||||||
Westpac Banking Corp., 3.094%, 05/05/08(b)(c) | 25,000 | 24,928 | ||||||
Westpac Securitization Trust, 3.168%, 04/04/08(b)(c) | 12,400 | 12,397 | ||||||
2,441,380 | ||||||||
Health Care (2.4%) | ||||||||
AstraZeneca PLC, 2.221%, 08/26/08(b)(c) | 40,000 | 39,641 | ||||||
AstraZeneca PLC, 2.565%, 03/13/09(b)(c) | 54,000 | 52,702 | ||||||
GlaxoSmithKline PLC, 4.587%, 04/25/08(b)(c) | 75,000 | 74,775 | ||||||
Pfizer, Inc., 2.738%, 08/06/08(b)(c) | 79,000 | 78,247 | ||||||
245,365 | ||||||||
Total Commercial Paper | 4,298,097 | |||||||
Corporate Bonds (28.4%) | ||||||||
Automobile ABS (0.4%) | ||||||||
Nissan Auto Receivables Owner Trust, Ser 2007-B, Cl A1, 5.264%, 10/15/08 | 16,525 | 16,525 | ||||||
World Omni Auto Receivables Trust, Ser 2008-A A1, 2.922%, 03/17/09 | 22,000 | 22,000 | ||||||
38,525 | ||||||||
Banks (16.1%) | ||||||||
Alliance & Leicester PLC, 3.078%, 09/05/08(a)(c) | 30,000 | 30,000 | ||||||
Allied Irish Banks PLC, 2.539%, 09/18/08(a)(c) | 75,000 | 75,000 | ||||||
Bank of Ireland, 3.055%, 09/12/08(a)(c) | 45,000 | 45,000 | ||||||
Bank of New York Co., Inc., 2.714%, 05/27/08(a)(c) | 25,000 | 25,000 | ||||||
Bank of New York Co., Inc., 2.905%, 09/11/08(a)(c) | 50,000 | 50,000 | ||||||
Bank of Nova Scotia, 2.600%, 09/26/08 | 73,000 | 73,005 |
158
Prime Quality Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Banks—continued | ||||||||
BNP Paribas, 3.132%, 08/07/08(a) | 50,000 | 50,000 | ||||||
Credit Agricole SA, 2.569%, 07/22/08(a)(c) | 50,000 | 50,000 | ||||||
Credit Suisse First Boston USA, Inc., 3.186%, 06/02/08(a) | 58,000 | 58,013 | ||||||
Danske Bank, 3.084%, 09/19/08(a)(c) | 50,000 | 50,000 | ||||||
Fortis Bank NY, 2.700%, 06/26/08 | 75,000 | 75,002 | ||||||
Fortis Bank NY, 3.864%, 07/18/08(a)(c) | 50,000 | 50,000 | ||||||
HSBC Bank PLC, 2.750%, 06/18/08 | 26,000 | 26,011 | ||||||
Lloyds TSB Group PLC, 2.968%, 09/05/08(a)(c) | 75,000 | 75,000 | ||||||
National Australia Bank Ltd., 3.075%, 09/05/08(a)(c) | 75,000 | 75,000 | ||||||
PNC Bank N.A., 2.664%, 12/29/08(a) | 90,000 | 89,807 | ||||||
Royal Bank of Canada, 3.109%, 09/30/08(a)(c) | 75,000 | 75,000 | ||||||
Skandinaviska Enskilda Banken AB, 3.068%, 09/08/08(a)(c) | 50,000 | 50,000 | ||||||
Skandinaviska Enskilda Banken AB, 4.854%, 09/19/08(a)(c) | 50,000 | 50,000 | ||||||
Svenska Handelsbanken AB, 2.860%, 09/12/08(a)(c) | 70,000 | 70,000 | ||||||
Toronto Dominion Bank, 2.610%, 10/20/08 | 50,000 | 50,099 | ||||||
U.S. Bank N.A., 2.880%, 05/23/08 | 50,000 | 50,000 | ||||||
U.S. Bank N.A., 2.740%, 08/19/08 | 100,000 | 100,000 | ||||||
UBS AG, 2.788%, 10/16/08(a) | 75,000 | 75,000 | ||||||
Wachovia Bank N.A., 4.673%, 10/03/08(a)(c) | 10,000 | 9,981 | ||||||
Wachovia Bank N.A., 3.625%, 02/17/09 | 30,000 | 30,026 | ||||||
Wells Fargo Bank N.A., 2.730%, 04/08/08 | 75,000 | 75,000 | ||||||
Wells Fargo Bank N.A., 2.530%, 04/30/08 | 75,000 | 75,000 | ||||||
Westpac Banking Corp., 2.818%, 09/15/08(a)(c) | 60,000 | 60,000 | ||||||
1,666,944 | ||||||||
Computers (0.2%) | ||||||||
IBM Corp., 3.088%, 09/08/08, Callable 05/08/08 @ 100(a)(c) | 25,000 | 25,000 | ||||||
Diversified Financial Services (11.4%) | ||||||||
American Honda Finance Corp., 4.525%, 04/10/08(a)(c) | 75,000 | 75,000 | ||||||
American Honda Finance Corp., 2.340%, 05/12/08(a)(c) | 50,000 | 50,000 | ||||||
American Honda Finance Corp., 2.818%, 04/02/09, MTN(a)(c) | 50,000 | 50,000 | ||||||
Bear Stearns Co., Inc., 2.758%, 08/28/08(a) | 115,000 | 115,000 | ||||||
General Electric Capital Corp., Ser A, 3.125%, 04/01/09, MTN | 50,000 | 50,196 | ||||||
Goldman Sachs Group, Inc., 3.191%, 09/12/08(a)(c) | 100,000 | 100,000 | ||||||
Goldman Sachs Group, Inc., 3.331%, 09/24/08(a)(c) | 75,000 | 75,000 | ||||||
Lehman Brothers Holdings, Inc., Ser I, 2.685%, 09/26/08(a) | 100,000 | 100,000 | ||||||
Merrill Lynch & Co., Inc., 3.058%, 08/22/08(a) | 45,000 | 45,000 | ||||||
Merrill Lynch & Co., Inc., 2.915%, 09/17/08(a) | 40,000 | 40,000 | ||||||
Merrill Lynch & Co., Inc., 2.739%, 09/23/08(a) | 50,000 | 50,000 | ||||||
Merrill Lynch & Co., Inc., 3.191%, 10/03/08(a) | 30,000 | 30,000 | ||||||
Morgan Stanley, 2.290%, 09/15/08(a) | 48,500 | 48,500 |
159
Prime Quality Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Diversified Financial Services—continued | ||||||||
Morgan Stanley, 2.943%, 09/15/08(a) | 75,000 | 75,000 | ||||||
Procter & Gamble International Funding SCA, 3.140%, 02/19/09(a) | 50,000 | 50,000 | ||||||
Toyota Motor Credit Corp., 2.460%, 02/12/09, MTN(a) | 85,000 | 85,000 | ||||||
Toyota Motor Credit Corp., Ser B, 2.770%, 06/17/08, MTN(a) | 37,800 | 37,832 | ||||||
Toyota Motor Credit Corp., Ser B, 1.540%, 04/14/08(a) | 50,000 | 50,000 | ||||||
Unilever Capital Corp., 2.925%, 09/11/08(a)(c) | 50,000 | 50,000 | ||||||
1,176,528 | ||||||||
Insurance (0.3%) | ||||||||
Lincoln National Corp., 2.918%, 08/15/08(a)(c) | 35,000 | 35,000 | ||||||
Total Corporate Bonds | 2,941,997 | |||||||
Master Notes (4.4%) | ||||||||
Banks (2.8%) | ||||||||
Bank of America Corp., 3.100%(a)(d) | 285,635 | 285,635 | ||||||
Promissory Note (1.6%) | ||||||||
SunTrust Banks, Inc. Promissory Note, 5.400%, 06/30/08(e) | 168,000 | 167,999 | ||||||
Total Master Notes | 453,634 | |||||||
U.S. Government Agencies (3.4%) | ||||||||
Fannie Mae (0.8%) | ||||||||
4.178%, 04/10/08(b) | 50,000 | 49,948 | ||||||
4.132%, 06/04/08(b) | 32,782 | 32,546 | ||||||
82,494 | ||||||||
Federal Farm Credit Bank (0.4%) | ||||||||
3.375%, 07/15/08 | 41,500 | 41,387 | ||||||
Federal Home Loan Bank (1.0%) | ||||||||
3.875%, 08/22/08 | 11,200 | 11,178 | ||||||
2.902%, 11/04/08(a) | 50,000 | 50,000 | ||||||
4.500%, 11/19/08, Callable 05/19/08 @ 100 | 47,000 | 47,000 | ||||||
108,178 | ||||||||
Freddie Mac (1.2%) | ||||||||
4.124%, 06/09/08(b) | 49,400 | 49,017 | ||||||
2.814%, 07/21/08(b) | 75,000 | 74,359 | ||||||
123,376 | ||||||||
Total U.S. Government Agencies | 355,435 | |||||||
Repurchase Agreements (3.6%) | ||||||||
Banc of America Securities, 2.315%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $84,602 (collateralized by FNMA; DN, due 06/01/36; total market value $86,288) | 84,596 | 84,596 | ||||||
BNP Paribas, 2.215%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $84,925 (collateralized by FHLB; DN, due 01/08/09; total market value $86,622) | 84,920 | 84,920 | ||||||
Deutsche Bank, 2.465%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $14,239 (collateralized by FNMA; 5.500%, due 02/01/38; total market value $14,522) | 14,238 | 14,238 |
160
Prime Quality Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Repurchase Agreements—continued | ||||||||
HSBC Securities, Inc., 2.315%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $129,926 (collateralized by FNMA; 5.500%, due 11/01/37-01/01/38; total market value $132,518) | 129,918 | 129,918 | ||||||
Lehman Brothers, Inc., 2.415%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $14,356 (collateralized by FNMA; DN, due 01/01/36; total market value $14,643) | 14,356 | 14,356 | ||||||
Morgan Stanley, 2.415%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $31,929 (collateralized by FNMA; 3.722%-7.150%, due 08/01/11-02/01/37; total market value $32,566) | 31,927 | 31,927 | ||||||
UBS Warburg LLC, 2.465%, dated 03/31/08 repurchased on 04/01/08, repurchase price $13,233 (collateralized by U.S. Government Agencies; 4.000%-4.500%, due 09/15/18-12/15/23; total market value $13,499) | 13,232 | 13,232 | ||||||
Total Repurchase Agreements | 373,187 | |||||||
Money Market Funds (7.2%) | ||||||||
Dreyfus Cash Management | 250,000,000 | 250,000 | ||||||
Federated Prime Cash Obligations Fund | 250,000,000 | 250,000 | ||||||
Federated Prime Value Obligations Fund | 250,000,000 | 250,000 | ||||||
Total Money Market Funds | 750,000 | |||||||
Time Deposits (4.1%) | ||||||||
BNP Paribas, 3.000%(a) | 225,335 | 225,335 | ||||||
Calyon, 3.000%(a) | 199,392 | 199,392 | ||||||
Total Time Deposits | 424,727 | |||||||
Total Investments (Cost $10,402,465)(f) — 100.4% | 10,402,465 | |||||||
Liabilities in excess of other assets — (0.4)% | (40,207 | ) | ||||||
Net Assets — 100.0% | $ | 10,362,258 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rate represents the effective yield at purchase. | |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 34.6% of net assets as of March 31, 2008. | |
(d) | Perpetual maturity. | |
(e) | Affiliate Investment. The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. | |
(f) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
DN | — Discount Note | |
FHLB | — Federal Home Loan Bank | |
FNMA | — Federal National Mortgage Association | |
MTN | — Medium Term Note |
161
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (94.1%) | ||||||||
Alabama (1.3%) | ||||||||
Daphne-Villa Mercy Special Care Facilities Financing Authority, RB, 2.000%, 12/01/27, LOC: Amsouth Bank(a) | 1,060 | 1,060 | ||||||
Lehman Municipal Trust Receipts, Various States, Alabama Housing Finance Authority, Ser 06-K77, RB, 2.250%, 04/01/38, Callable 10/01/15 @ 100, GNMA/FNMA/FHLMC(a)(b) | 11,685 | 11,685 | ||||||
Lower Alabama Gas, District Gas Supply, Class A, RB, 2.260%, 11/01/09, LOC: Societe Generale(a)(b) | 4,820 | 4,820 | ||||||
Marion Educational Building Authority, Judson College Project, RB, 2.200%, 01/01/33, LOC: SouthTrust Bank N.A.(a) | 6,105 | 6,105 | ||||||
Stevenson Industrial Development Board, Environmental Improvement Revenue, Mead Corp. Project, RB, 1.930%, 11/01/16, LOC: JP Morgan Chase Bank(a) | 5,000 | 5,000 | ||||||
28,670 | ||||||||
Alaska (0.8%) | ||||||||
Alaska State Housing Finance Corp., Governmental Purpose, University of Alaska, Ser A, RB, 1.850%, 12/01/27, LOC: GO of Corp.(a) | 18,100 | 18,100 | ||||||
Arizona (0.3%) | ||||||||
Salt River Project Agricultural Improvement & Power District Electric System, Ser C, RB, 6.500%, 01/01/09 | 6,000 | 6,212 | ||||||
California (2.4%) | ||||||||
California Statewide Communities Development Authority Multifamily, Housing Mariners Pointe, Ser A, RB, 1.940%, 02/15/36, FNMA(a) | 6,500 | 6,500 | ||||||
Desert Community College District, Ser 2171, GO, 2.180%, 08/01/27, Callable 08/01/17 @ 100, FSA(a)(b) | 5,435 | 5,435 | ||||||
Los Angeles Regional Airports Improvement Corp., Sublease L.A. International, RB, 1.200%, 12/01/25, LOC: Societe Generale(a) | 5,000 | 5,000 | ||||||
Putable Floating Option, Tax-Exempt Receipts, Ser PPT-4030, 2.200%, 08/01/32, FSA(a)(b) | 19,940 | 19,940 | ||||||
San Mateo County Community College District, GO, 2.220%, 09/01/38, Callable 09/01/16 @ 100, LOC: Citibank N.A.(a)(b) | 15,000 | 15,000 | ||||||
51,875 | ||||||||
162
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Colorado (2.4%) | ||||||||
Colorado Educational & Cultural Facilities Authority, National Jewish BD Program, RB, 1.300%, 09/01/35, LOC: U.S. Bank N.A.(a) | 28,700 | 28,700 | ||||||
Colorado Housing & Finance Authority, Multifamily Winridge Apartments, RB, 2.090%, 02/15/28, FNMA(a) | 7,800 | 7,800 | ||||||
Colorado Housing & Finance Authority, St. Moritz Project, Ser H, RB, 2.000%, 10/15/16, FNMA(a) | 6,115 | 6,115 | ||||||
Lehman Municipal Trust Receipts, Various States, GO, 2.250%, 10/01/22, LOC: Lehman Liquidity Co.(a)(b) | 10,360 | 10,360 | ||||||
52,975 | ||||||||
Connecticut (0.5%) | ||||||||
Connecticut State Health & Educational Facilities Authority, Hoffman Summerwood Community, Ser B, RB, 1.830%, 07/01/37, LOC: TD BankNorth N.A.(a) | 10,295 | 10,295 | ||||||
Delaware (0.1%) | ||||||||
Kent County Student Housing, Delaware State University Student Housing Foundation, Ser B, RB, 2.100%, 07/01/36, LOC: Wachovia Bank N.A.(a) | 1,850 | 1,850 | ||||||
District of Columbia (1.4%) | ||||||||
District of Columbia, Center for Strategic & International Studies, Inc., RB, 2.140%, 03/01/38, LOC: PNC Bank N.A.(a) | 6,730 | 6,730 | ||||||
District of Columbia, The Pew Charitable Trusts, Ser A, RB, 2.170%, 04/01/38, LOC: PNB Bank N.A.(a) | 16,000 | 16,000 | ||||||
District of Columbia, The Phillips Collection Issue, RB, 2.100%, 08/01/33, LOC: Bank of America N.A.(a) | 4,700 | 4,700 | ||||||
District of Columbia, Thurgood Marshall Center Trust, RB, 2.280%, 11/01/27, LOC: Branch Banking & Trust Co.(a) | 3,095 | 3,095 | ||||||
30,525 | ||||||||
Florida (6.3%) | ||||||||
Dade County Industrial Development Authority, Dolphins Stadium Project, Ser C, RB, 1.940%, 01/01/16, LOC: Societe Generale(a) | 5,100 | 5,100 | ||||||
De Soto County Industrial Development, Tremron Project, RB, 2.380%, 11/01/15, LOC: Branch Banking & Trust Co.(a) | 3,200 | 3,200 | ||||||
Florida Housing Finance Corp., Multifamily, Cypress Lake Apartment, RB, 2.090%, 11/01/32, FHLMC(a) | 3,340 | 3,340 |
163
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Florida—continued | ||||||||
Florida Local Government Finance Commission, Ser A, 2.050%, 06/09/08 | 5,400 | 5,400 | ||||||
Florida State Board of Education, GO, 2.240%, 06/01/35, Callable 06/01/17 @ 101, LOC: Citibank N.A.(a)(b) | 24,800 | 24,800 | ||||||
Gainesville Florida Utilities System, Ser C, RB, 5.000%, 10/01/08 | 3,000 | 3,031 | ||||||
Hillsborough County Industrial Development Authority, Independent Day School Project, RB, 2.150%, 09/01/26, LOC: Bank of America N.A.(a) | 1,800 | 1,800 | ||||||
Manatee County, St. Stephens Upper School Project, RB, 2.100%, 11/01/25, LOC: Bank of America N.A.(a) | 3,000 | 3,000 | ||||||
Miami-Dade County Industrial Development Authority, Gulliver Schools Project, RB, 2.120%, 09/01/29, LOC: Bank of America N.A.(a) | 6,750 | 6,750 | ||||||
North Miami Health Care Facilities Revenue, Imperial Club Project, Ser A, RB, 6.750%, 01/01/33, Prerefunded 01/01/09 @ 103 | 16,800 | 17,861 | ||||||
Orlando Utilities Commission, Water & Sewer, Ser PT-2285, RB, 2.230%, 04/01/12, LOC: Dexia Credit Local(a)(b) | 9,210 | 9,210 | ||||||
Palm Beach County, Caron Foundation of Florida, Inc. Project, RB, 2.150%, 01/01/28, LOC: Wachovia Bank N.A.(a) | 9,500 | 9,500 | ||||||
Santa Rosa County Health Facilities Authority, Baptist Hospital, Inc. Project, RB, 2.100%, 10/01/21, LOC: Bank of America N.A.(a) | 7,000 | 7,000 | ||||||
Sarasota County Health Facility Authority, Bay Village Project, RB, 2.120%, 12/01/23, LOC: Bank of America N.A.(a) | 3,900 | 3,900 | ||||||
Sunshine State Governmental Financing Commission, Ser H, 2.200%, 06/05/08 | 15,000 | 15,000 | ||||||
USF Financing Corp., COP, RB, 2.000%, 07/01/37, LOC: Wachovia Bank N.A.(a) | 18,000 | 18,000 | ||||||
136,892 | ||||||||
Georgia (3.3%) | ||||||||
Dekalb, Newton & Gwinnett Counties Joint Development Authority, GGC Real Estate Package I LLC, RB, 2.150%, 06/01/32, LOC: Wachovia Bank N.A.(a) | 7,115 | 7,115 |
164
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Dekalb, Newton & Gwinnett Counties Joint Development Authority, GPC Real Estate Student I, RB, 2.150%, 06/01/35, LOC: Wachovia Bank N.A.(a) | 6,200 | 6,200 | ||||||
Fulton County Development Authority, Kings Ridge Christian School, RB, 2.280%, 05/01/26, LOC: Branch Banking & Trust Co.(a) | 3,000 | 3,000 | ||||||
Georgia State Finance & Investment Commission, GO, 2.240%, 07/01/15, LOC: Citibank N.A.(a)(b) | 6,350 | 6,350 | ||||||
Georgia State Finance & Investment Commission, Ser F, GO, 6.500%, 12/01/08 | 4,395 | 4,489 | ||||||
Northwestern Gwinnet County Facilities Corp. I, COP, RB, 2.250%, 06/15/29, LOC: Dexia Credit Local(a)(b) | 2,790 | 2,790 | ||||||
Private Colleges & Universities Authority, Emory University, Ser B-1, RB, 1.950%, 09/01/35(a) | 37,570 | 37,570 | ||||||
Toombs County Hospital Authority, Meadows Regional Medical Center Project, RB, 2.280%, 12/01/17, LOC: Branch Banking & Trust Co.(a) | 4,000 | 4,000 | ||||||
71,514 | ||||||||
Hawaii (0.2%) | ||||||||
Honolulu City & County, Ser A, GO, 7.350%, 07/01/08 | 4,500 | 4,543 | ||||||
Illinois (6.3%) | ||||||||
Chicago O’Hare International Airport, General Airport 2nd Lien, Ser B, RB, 1.700%, 01/01/15, LOC: Societe Generale(a) | 7,400 | 7,400 | ||||||
Chicago, Ser A, GO, 5.000%, 01/01/20, Prerefunded 01/01/09 @ 101, FGIC | 7,220 | 7,407 | ||||||
Illinois Development Finance Authority, RB, 2.250%, 07/15/23, LOC: Citigroup Financial Products(a)(b) | 13,930 | 13,930 | ||||||
Illinois Educational Facilities Authority, Chicago Children’s Museum Project, RB, 3.500%, 02/01/28, LOC: JP Morgan Chase Bank(a) | 1,600 | 1,600 | ||||||
Illinois Educational Facilities Authority, Museum of Science & Industry Project, RB, 2.250%, 11/01/15, LOC: Northern Trust Co.(a) | 3,600 | 3,600 | ||||||
Illinois Educational Facilities Authority, RB, 2.100%, 07/01/29, LOC: Bank of America(a) | 11,500 | 11,500 | ||||||
Illinois Finance Authority, Alexian Brothers Health Project, RB, 1.950%, 04/01/35, LOC: JP Morgan Chase Bank(a) | 37,600 | 37,600 |
165
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Illinois—continued | ||||||||
Illinois Finance Authority, Resurrection Health, Ser C, RB, 2.070%, 05/15/35, LOC: Lasalle Bank N.A.(a) | 32,875 | 32,875 | ||||||
Illinois Finance Authority, Ser B, RB, 1.320%, 05/15/35, LOC: JP Morgan Chase Bank(a) | 5,000 | 5,000 | ||||||
Illinois Health Facilities Authority, Ser 2016, RB, 2.310%, 07/01/29, Callable 07/01/12 @ 100, LOC: Morgan Stanley Dean Witter(a)(b) | 2,500 | 2,500 | ||||||
Illinois State, Merlots Project, Ser B04, GO, 2.300%, 12/01/24, Callable 01/01/12 @ 100, FSA(a)(b) | 7,205 | 7,205 | ||||||
Jackson-Union Counties Regional Port District, Port Facilities, Enron Transportation Services, RB, 2.000%, 04/01/24, LOC: Wachovia Bank N.A.(a) | 5,225 | 5,225 | ||||||
135,842 | ||||||||
Indiana (2.2%) | ||||||||
Indiana Development Finance Authority, Christel House Project, RB, 2.250%, 02/01/23, LOC: Fifth Third Bank(a) | 5,680 | 5,680 | ||||||
Indiana Development Finance Authority, Indiana Historical Society Project, RB, 2.150%, 08/01/31, LOC: JP Morgan Chase Bank(a)(b) | 1,200 | 1,200 | ||||||
Indiana Development Finance Authority, Indianapolis Museum of Art, RB, 2.150%, 02/01/37, LOC: JP Morgan Chase Bank(a) | 20,300 | 20,300 | ||||||
Marion Economic Development, Wesleyan University Project, RB, 2.100%, 06/01/36, LOC: Bank of America N.A.(a) | 10,000 | 10,000 | ||||||
Purdue University, Ser PT-3817, RB, 2.230%, 07/01/29, LOC: Dexia Credit Local(a)(b) | 9,960 | 9,960 | ||||||
47,140 | ||||||||
Iowa (0.2%) | ||||||||
Iowa Higher Education Loan Authority, Private College-Graceland Project, RB, 2.150%, 02/01/33, LOC: Bank of America N.A.(a) | 3,400 | 3,400 | ||||||
Kansas (0.2%) | ||||||||
Kansas State Department of Transportation Highway, RB, 2.240%, 09/01/17, LOC: Citibank N.A.(a)(b) | 5,000 | 5,000 | ||||||
Kentucky (2.1%) | ||||||||
Campbell County Industrial Building, Hospital Imaging Co., Inc. Project, RB, 2.270%, 04/01/20, LOC: Fifth Third Bank(a) | 2,560 | 2,560 |
166
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Kentucky—continued | ||||||||
Christian County Association of County Leasing Trust Lease Program, Ser A, RB, 1.300%, 04/01/37, LOC: U.S. Bank N.A.(a) | 24,190 | 24,190 | ||||||
Kentucky Public Energy Authority, Gas Supply, Ser A, RB, 1.180%, 08/01/16, LOC: Societe Generale(a) | 19,800 | 19,800 | ||||||
46,550 | ||||||||
Louisiana (0.5%) | ||||||||
Louisiana Public Facilities Authority, Multifamily Housing Riverview, RB, 2.090%, 04/01/36, FHLMC(a) | 10,900 | 10,900 | ||||||
Maryland (2.8%) | ||||||||
Maryland Health & Higher Educational Facilities Authority, Ser B, 1.150%, 04/02/08 | 25,945 | 25,945 | ||||||
Maryland State Department of Transportation, Consolidated Transportation, Ser D56, RB, 2.250%, 02/15/23, Callable 02/15/18 @ 100, LOC: Wachovia Bank N.A.(a)(b) | 10,165 | 10,165 | ||||||
Maryland State Economic Development Corp., YMCA of Central Maryland, Inc. Project, RB, 2.280%, 04/01/28, LOC: Branch Banking & Trust Co.(a) | 3,700 | 3,700 | ||||||
Maryland State Health & Higher Education Facilities Authority, Mercy Medical Center, RB, 1.880%, 07/01/35, LOC: Bank of America N.A.(a) | 20,000 | 20,000 | ||||||
59,810 | ||||||||
Massachusetts (1.4%) | ||||||||
Massachusetts School Building Authority, 2.650%, 07/01/08, LOC: Bank of Nova Scotia | 25,315 | 25,315 | ||||||
Massachusetts State Development Finance Agency, Smith College, RB, 2.100%, 07/01/37, LOC: Morgan Stanley Dean Witter(a) | 5,560 | 5,560 | ||||||
30,875 | ||||||||
Michigan (1.7%) | ||||||||
Detroit City School District, Ser 1311, GO, 2.290%, 05/01/13, FSA(a)(b) | 11,625 | 11,625 | ||||||
Michigan State Building Authority, 2.250%, 05/22/08, LOC: Bank of New York | 26,065 | 26,065 | ||||||
37,690 | ||||||||
Minnesota (1.5%) | ||||||||
Minneapolis Minnesota Housing Development, Symphony Place Project, RB, 2.090%, 12/01/14, FHLMC(a) | 9,010 | 9,010 | ||||||
Rochester Minnesota Health Care, 1.000%, 08/14/08, LOC: Rabobank | 10,000 | 10,000 | ||||||
University of Minnesota, 1.250%, 04/02/08 | 12,500 | 12,500 | ||||||
31,510 | ||||||||
167
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Mississippi (0.9%) | ||||||||
Mississippi Hospital Equipment & Facilities Authority, North Mississippi Health Services, Ser 1, RB, 2.050%, 05/15/30, LOC: Citibank N.A.(a) | 20,400 | 20,400 | ||||||
Missouri (0.9%) | ||||||||
Missouri Development Finance Board, Ser 06-A, 1.750%, 04/29/08, LOC: U.S. Bank N.A. | 10,814 | 10,814 | ||||||
Missouri Development Finance Board, Ser 06-A, 1.750%, 04/29/08, LOC: U.S. Bank N.A. | 8,497 | 8,497 | ||||||
19,311 | ||||||||
Nebraska (0.9%) | ||||||||
Central Plains Energy Project, Gas Project, Ser 1791, RB, 2.210%, 12/01/26, LOC: Morgan Stanley Dean Witter(a)(b) | 18,500 | 18,500 | ||||||
Nevada (4.4%) | ||||||||
Clark County Nevada School District, Ser A, GO, 5.000%, 06/15/08 | 5,485 | 5,505 | ||||||
Las Vegas C&V Authority, 1.000%, 04/03/08 | 18,500 | 18,500 | ||||||
Las Vegas Valley Water, 2.300%, 04/02/08, LOC: BNP Paribas | 30,000 | 30,000 | ||||||
Las Vegas Valley Water, 1.000%, 04/03/08 | 23,000 | 23,000 | ||||||
Las Vegas, Ser C, GO, 1.000%, 06/01/36, LOC: Lloyds TSB Bank PLC(a) | 1,550 | 1,550 | ||||||
Washoe County, Ser PT-3452, RB, 2.340%, 12/01/35, LOC: Dexia Credit Local(a)(b) | 16,000 | 16,000 | ||||||
94,555 | ||||||||
New Jersey (0.5%) | ||||||||
New Jersey State Turnpike Authority, Ser PT-2843, RB, 2.210%, 01/01/30, FSA(a)(b) | 10,480 | 10,480 | ||||||
New York (1.8%) | ||||||||
Metropolitan Transportation Authority, Ser G, RB, 1.010%, 11/01/26, LOC: BNP Paribas(a) | 14,900 | 14,900 | ||||||
New York City Transitional Finance Authority, Ser 3, Subser 3C, RB, 1.800%, 11/01/22, LOC: Dexia Credit Local(a) | 905 | 905 | ||||||
New York State Housing Finance Agency, Barclay Street, Ser A, RB, 2.020%, 11/15/37, FNMA(a) | 10,000 | 10,000 | ||||||
New York, SubSer D3, GO, 1.750%, 12/01/32, LOC: Calyon Bank(a) | 13,700 | 13,700 | ||||||
39,505 | ||||||||
North Carolina (4.9%) | ||||||||
Charlotte-Mecklenburg Hospital Authority Health Care System, Ser D, RB, 2.100%, 01/15/43, FSA(a) | 20,000 | 20,000 | ||||||
Forsyth County, Communications System Project, COP, 2.280%, 10/01/12, LOC: Wachovia Bank N.A.(a) | 6,425 | 6,425 |
168
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
North Carolina—continued | ||||||||
Guilford County Industrial Facilities & Pollution Control Financing, YMCA of Greensboro, Inc. Project, RB, 2.280%, 02/01/23, LOC: Branch Banking & Trust Co.(a) | 4,000 | 4,000 | ||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, High Point University Project, RB, 2.280%, 12/01/29, LOC: Branch Banking & Trust Co.(a) | 6,100 | 6,100 | ||||||
North Carolina Capital Facilities Finance Agency, Educational Facilities, Mars Hill College, RB, 2.100%, 01/15/28, LOC: Wachovia Bank N.A.(a) | 5,100 | 5,100 | ||||||
North Carolina Capital Facilities Finance Agency, St. Mary’s School, RB, 2.100%, 09/01/27, LOC: Wachovia Bank N.A.(a) | 8,000 | 8,000 | ||||||
North Carolina Educational Facilities Finance Agency, Davidson College, Ser B, RB, 2.130%, 12/01/20(a) | 4,820 | 4,820 | ||||||
North Carolina Medical Care Commission, Health Care Facilities, Friends Homes Project, RB, 2.100%, 09/01/33, LOC: Bank of America N.A.(a) | 6,475 | 6,475 | ||||||
North Carolina Medical Care Commission, Health Care Facilities, Lutheran Services for the Aging Project, RB, 2.250%, 03/01/28, LOC: Branch Banking & Trust Co.(a) | 15,665 | 15,665 | ||||||
North Carolina Medical Care Commission, North Carolina Baptist Hospitals Project, Ser B, RB, 2.000%, 06/01/22, LOC: Wachovia Bank of North Carolina(a) | 1,200 | 1,200 | ||||||
North Carolina Medical Care Commission, Westcare Health Systems Obligation, Ser A, RB, 2.280%, 09/01/22, LOC: Branch Banking & Trust Co.(a) | 4,485 | 4,485 | ||||||
North Carolina State, GO, 5.000%, 05/01/08 | 5,000 | 5,009 | ||||||
North Carolina State, GO, 5.000%, 03/01/09 | 10,320 | 10,600 | ||||||
Wake County, Public Improvement, Ser C, GO, 2.070%, 04/01/19, LOC: Lloyds TSB Bank PLC(a) | 7,585 | 7,585 | ||||||
105,464 | ||||||||
Ohio (2.8%) | ||||||||
Ohio State Higher Educational Facility Commission, Pooled Financing Project, RB, 3.600%, 09/01/18, LOC: Fifth Third Bank(a) | 2,110 | 2,110 |
169
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Ohio—continued | ||||||||
Ohio State Higher Educational Facility, Oberlin College Project, Ser A, RB, 1.800%, 10/01/29, LOC: JP Morgan Chase Bank(a) | 13,360 | 13,360 | ||||||
Ohio State University, 1.240%, 04/02/08 | 13,965 | 13,965 | ||||||
Ohio State University, 0.950%, 04/03/08 | 12,000 | 12,000 | ||||||
Ohio State, Water Development Authority, 1.850%, 07/01/08 | 12,500 | 12,500 | ||||||
Rickenbacker Port Authority, YMCA of Central Ohio Project, RB, 2.250%, 05/01/22, LOC: Fifth Third Bank(a) | 6,700 | 6,700 | ||||||
60,635 | ||||||||
Oregon (1.3%) | ||||||||
Klamath Falls Oregon Electric Revenue, RB, 5.750%, 01/01/13, Prerefunded 01/01/09 @ 102 | 28,000 | 29,031 | ||||||
Pennsylvania (5.2%) | ||||||||
Adams County Industrial Development Authority, Brethren Home Community Project, RB, 2.280%, 06/01/32, LOC: PNC Bank N.A.(a) | 8,000 | 8,000 | ||||||
Beaver County Industrial Development Authority, Pollution Control, FirstEnergy Nuclear Generation Corp., Ser B, RB, 1.970%, 12/01/35, LOC: Wachovia Bank N.A.(a) | 28,740 | 28,740 | ||||||
Delaware County Industrial Development Authority, Airport Facilities, United Parcel Service Project, RB, 1.070%, 12/01/15(a) | 13,300 | 13,300 | ||||||
Doylestown Hospital Authority Revenue, Ser B, RB, 2.060%, 07/01/22, LOC: PNC Bank N.A.(a) | 11,700 | 11,700 | ||||||
Montgomery County Industrial Development Authority, Philadelphia Presbyterian Homes, Inc., Ser A, RB, 2.100%, 07/01/35, LOC: Wachovia Bank N.A.(a) | 14,740 | 14,740 | ||||||
Pennsylvania State Public School Building Authority, Merlots Project, Ser D53, RB, 2.300%, 06/01/26, Callable 12/01/16 @ 100, FSA(a)(b) | 19,960 | 19,960 | ||||||
Philadelphia Authority for Industrial Development, Chemical Heritage Foundation Project, RB, 2.130%, 07/01/27, LOC: Wachovia Bank N.A.(a) | 8,380 | 8,380 | ||||||
Philadelphia School District, Tax & Revenue Anticipation Notes, Ser A, GO, 4.500%, 06/27/08, LOC: Bank of America N.A. | 7,000 | 7,013 | ||||||
111,833 | ||||||||
170
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Rhode Island (1.2%) | ||||||||
Rhode Island State & Providence Plantations, Tax Anticipation Notes, GO, 3.750%, 06/30/08 | 25,000 | 25,047 | ||||||
South Carolina (3.5%) | ||||||||
Greenville County School District, Ser B, GO, 4.000%, 06/02/08, SCSDE | 10,280 | 10,291 | ||||||
Greer Combined Utility System Revenue, Ser A 30, RB, 3.750%, 09/01/32, AMBAC(a) | 19,500 | 19,500 | ||||||
South Carolina Educational Facilities Authority for Private Nonprofit Institutions, Claflin University, RB, 2.100%, 10/01/33, LOC: Bank of America N.A.(a) | 4,940 | 4,940 | ||||||
South Carolina Educational Facilities Authority, Charleston Southern University Project, RB, 2.100%, 04/01/28, LOC: Bank of America N.A.(a) | 5,255 | 5,255 | ||||||
South Carolina Educational Facilities Authority, Newberry College Project, RB, 2.280%, 09/01/35, LOC: Branch Banking & Trust Co.(a) | 9,300 | 9,300 | ||||||
South Carolina Jobs-Economic Development Authority, USC Development Foundation Project, RB, 2.280%, 12/01/10, LOC: Branch Banking & Trust Co.(a) | 6,000 | 6,000 | ||||||
South Carolina Jobs-Economic Development Authority, YMCA of Beaufort County Project, RB, 2.280%, 12/01/24, LOC: Branch Banking & Trust Co.(a) | 3,170 | 3,170 | ||||||
South Carolina State, Capital Improvement, Ser A, GO, 5.000%, 01/01/09 | 5,000 | 5,076 | ||||||
South Carolina State, GO, 2.240%, 01/01/12, LOC: State Aid Withholding(a)(b) | 8,000 | 8,000 | ||||||
University of South Carolina Development Foundation, RB, 2.280%, 12/01/10, LOC: Branch Banking & Trust Co.(a) | 4,000 | 4,000 | ||||||
75,532 | ||||||||
Tennessee (8.3%) | ||||||||
BB&T Municipal Trust, Various States, Ser 2059, RB, 2.270%, 04/01/42, Callable 04/01/17 @ 100, FSA(a)(b) | 15,940 | 15,940 | ||||||
Bristol Health & Educational Facilities Board, King College Project, RB, 2.100%, 05/01/21, LOC: Bank of America N.A.(a) | 5,800 | 5,800 | ||||||
Chattanooga Industrial Development Board, Tennessee Aquarium Project, RB, 2.100%, 04/01/24, LOC: Bank of America N.A.(a) | 4,950 | 4,950 |
171
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Tennessee—continued | ||||||||
Clarksville Public Building Authority, RB, 2.100%, 10/01/25, LOC: Bank of America N.A.(a) | 17,160 | 17,160 | ||||||
Johnson City Health & Educational Facilities Board Hospital, Ser A, RB, 1.830%, 07/01/38, LOC: Regions Bank(a) | 40,000 | 40,000 | ||||||
Loudon Industrial Development Board, Pollution Control, A.E. Staley Manufacturing Co. Project, RB, 2.130%, 06/01/23, LOC: Wachovia Bank N.A.(a)(b) | 8,100 | 8,100 | ||||||
Metropolitan Government of Nashville & Davidson County, Ser A, 2.850%, 04/03/08 | 10,000 | 10,000 | ||||||
Metropolitan Government, Nashville & Davidson County Health & Educational Facilities Board, Nashville Christian School Project, RB, 2.200%, 09/01/23, LOC: SouthTrust Bank N.A.(a) | 1,355 | 1,355 | ||||||
Metropolitan Government, Nashville & Davidson County Health & Educational Facilities Board, Timberlake Project, RB, 2.050%, 08/15/32, FNMA(a) | 8,050 | 8,050 | ||||||
Shelby County Health Educational & Housing Facilities Board, Multifamily Housing, Providence Plantations Apartments Project, RB, 2.090%, 12/15/42, FNMA(a) | 9,945 | 9,945 | ||||||
Tennessee Energy Acquisition Corp., Gas, RB, 2.240%, 09/01/22, LOC: Citibank N.A.(a)(b) | 6,235 | 6,235 | ||||||
Tennessee State, 0.900%, 06/03/08 | 4,886 | 4,886 | ||||||
Vanderbilt University, Ser A, 2.250%, 04/01/08 | 15,660 | 15,660 | ||||||
Vanderbilt University, Ser A, 1.900%, 06/04/08 | 30,850 | 30,850 | ||||||
178,931 | ||||||||
Texas (12.7%) | ||||||||
Alamo Heights Higher Educational Facilities Corp., Higher Educational, University Incarnate, Ser A, RB, 2.100%, 04/01/19, LOC: JP Morgan Chase Bank(a) | 10,675 | 10,675 | ||||||
Alvin Independent School District, Merlots Project, Ser D52, GO, 2.300%, 02/15/26, PSF-GTD(a)(b) | 10,070 | 10,070 | ||||||
Bell County Health Facility Development Corp., Buckner Retirement Services, Inc., RB, 5.250%, 11/15/28, Prerefunded 11/15/08 @ 101 | 2,290 | 2,344 |
172
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Texas—continued | ||||||||
Brazos Harbor Industrial Development Corp., Port Facilities, American Rice, Inc. Project, Ser A, RB, 2.200%, 12/01/25, LOC: HSBC Bank USA N.A.(a) | 13,300 | 13,300 | ||||||
Dallas, GO, 5.000%, 02/15/09 | 2,945 | 3,028 | ||||||
Gulf Coast Waste Disposal Authority, Pollution Control, RB, 0.900%, 10/01/17(a) | 38,625 | 38,625 | ||||||
Harris County, 1.850%, 07/10/08, LOC: Dexia Bank | 8,000 | 8,000 | ||||||
Harris County Health Facilities Development Corp., Methodist Hospital, Ser A, RB, 2.070%, 12/01/32(a) | 40,000 | 40,000 | ||||||
Harris County Texas, 2.050%, 06/09/08 | 10,900 | 10,900 | ||||||
Houston Higher Education Finance Corp., Rice University Project, Ser B, RB, 1.950%, 11/15/29, LOC: JP Morgan Chase Bank(a) | 18,055 | 18,055 | ||||||
Lehman Municipal Trust Receipts, Dallas Independent School District, Ser 06-P86, GO, 2.330%, 08/15/29, Callable 08/15/14 @ 100, PSF-GTD(a)(b) | 4,905 | 4,905 | ||||||
Lower Colorado River Authority, Merlots Project, Ser ZZZ, RB, 2.300%, 01/01/28, FSA(a)(b) | 3,500 | 3,500 | ||||||
Lower Colorado River Authority, Ser RR, RB, 2.300%, 01/01/28, FSA(a)(b) | 2,500 | 2,500 | ||||||
Midlothian Industrial Development Corp., Pollution Control, Box-Crow Cement Co., RB, 2.000%, 12/01/09, LOC: UBS AG(a) | 10,000 | 10,000 | ||||||
North Texas Tollway Authority, RB, 4.125%, 11/19/08, Callable 04/24/08 @ 100 | 40,000 | 40,000 | ||||||
Texas Municipal Gas Acquisition & Supply Corp. II, Gas Supply, RB, 2.310%, 09/15/27, LOC: Dexia Credit Local(a)(b) | 48,000 | 48,000 | ||||||
United Independent School District, Ser D-53, GO, 2.300%, 08/15/26, Callable 08/15/15 @ 100, PSF-GTD(a)(b) | 10,725 | 10,725 | ||||||
274,627 | ||||||||
Virginia (4.0%) | ||||||||
Chesapeake Bay Bridge & Tunnel District, Ser A, RB, 2.280%, 05/28/21, LOC: Branch Banking & Trust Co.(a) | 6,700 | 6,700 | ||||||
Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 2.050%, 07/01/40, LOC: Bank of America N.A.(a) | 7,500 | 7,500 | ||||||
Henrico County Economic Development Authority, Residential Care Facility, Westminister Canterbury, RB, 2.280%, 10/01/37, LOC: Branch Banking & Trust Co.(a) | 1,000 | 1,000 |
173
Tax-Exempt Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Henrico County Economic Development Authority, Residential Care Facility, Westminister Centerbury, Ser B, RB, 2.100%, 10/01/35, LOC: Branch Banking & Trust Co.(a) | 7,670 | 7,670 | ||||||
Lexington Industrial Development Authority, Educational Facilities, Virginia Military Institute Development Board, Inc. Project, 1.200%, 12/01/36, LOC: Wachovia Bank N.A.(a) | 4,460 | 4,460 | ||||||
Louisa County Industrial Development Authority, University of Virginia Health Services Foundation Project, RB, 2.250%, 10/01/30, LOC: First Union National Bank(a) | 3,000 | 3,000 | ||||||
Virginia Beach Development Authority, Wesleyan College Project, RB, 2.100%, 07/01/33, LOC: Bank of America N.A.(a) | 14,570 | 14,570 | ||||||
Virginia Commonwealth University Health System Authority, Ser A, RB, 1.180%, 07/01/37, LOC: Branch Banking & Trust Co.(a) | 22,500 | 22,500 | ||||||
Virginia Commonwealth University Health System Authority, Ser B, RB, 1.200%, 07/01/37, LOC: Branch Banking & Trust Co.(a) | 14,250 | 14,250 | ||||||
Virginia Small Business Financing Authority, Children’s Hospital of Kings, RB, 2.080%, 01/01/36, LOC: Wachovia Bank N.A.(a) | 4,155 | 4,155 | ||||||
85,805 | ||||||||
Washington (1.9%) | ||||||||
King County School District No. 412 Shoreline, Ser D58, GO, 2.300%, 12/01/23, Callable 06/01/16 @ 100, FSA(a)(b) | 12,175 | 12,175 | ||||||
Seattle Certificates, Ser 348, GO, 2.210%, 12/15/28, Callable 12/15/08 @ 100, LOC: Morgan Stanley Dean Witter(a)(b) | 4,495 | 4,495 | ||||||
Seattle Municipal Light & Power, RB, 1.800%, 11/01/15, LOC: JP Morgan Chase Bank(a) | 4,600 | 4,600 | ||||||
Seattle Municipal Light & Power, Ser A, RB, 1.800%, 05/01/16, LOC: JP Morgan Chase Bank(a) | 3,000 | 3,000 | ||||||
Snohomish County Housing Authority, Autumn Chase Apartments Project, RB, 2.100%, 07/01/36, LOC: Bank of America N.A.(a) | 4,715 | 4,715 |
174
Tax-Exempt Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Washington—continued | ||||||||
Washington Public Power Supply System, Nuclear Power Project No. 1, Ser 1A-1, RB, 2.000%, 07/01/17, LOC: Bank of America N.A.(a) | 3,150 | 3,150 | ||||||
Washington State Housing Finance Commission, Nonprofit Housing, Rockwood Retirement Program, RB, 1.140%, 01/01/30, LOC: Wells Fargo Bank N.A.(a) | 9,000 | 9,000 | ||||||
41,135 | ||||||||
Other (1.0%) | ||||||||
Eagle Tax-Exempt Trust, Ser 991301, GO, 2.280%, 06/01/25, FSA(a)(b) | 9,900 | 9,900 | ||||||
Lehman Municipal Trust Receipts, Ser 06-P60, RB, 2.050%, 01/01/25, Lehman Liquidity Co.(a)(b) | 12,620 | 12,620 | ||||||
22,520 | ||||||||
Total Municipal Bonds | 2,035,479 | |||||||
Money Market Funds (6.7%) | ||||||||
Dreyfus Municipal Money Market Fund, Inc. | 25,000,000 | 25,000 | ||||||
Federated Tax-Free Obligations Fund | 50,903,007 | 50,903 | ||||||
Fidelity Tax Free Fund | 10,000,000 | 10,000 | ||||||
Goldman Sachs Financial Square Tax Free Money Market Fund | 59,530,695 | 59,531 | ||||||
Total Money Market Funds | 145,434 | |||||||
Total Investments (Cost $2,180,913)(c) — 100.8% | 2,180,913 | |||||||
Liabilities in excess of other assets — (0.8)% | (17,008 | ) | ||||||
Net Assets — 100.0% | $ | 2,163,905 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 18.20% of net assets as of March 31, 2008. | |
(c) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
AMBAC | — Security insured by American Municipal Bond Assurance Corporation | |
COP | — Certificate of Participation | |
FGIC | — Security insured by Financial Guaranty Insurance Company | |
FHLMC | — Security insured by Federal Home Loan Mortgage Corporation | |
FNMA | — Security insured by Federal National Mortgage Association | |
FSA | — Security insured by Financial Security Assurance | |
GNMA | — Security insured by Government National Mortgage Association | |
GO | — General Obligation | |
LOC | — Letter of Credit | |
PSF-GTD | — Permanent School Fund Guarantee Program | |
RB | — Revenue Bond | |
SCSDE | — Security insured by South Carolina School Discount Enhancement |
175
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Government Agencies (24.5%) | ||||||||
Farmer Mac (0.4%) | ||||||||
2.500%, 04/01/09, Callable 10/01/08 @ 100 | 10,000 | 10,000 | ||||||
Fannie Mae (5.0%) | ||||||||
2.609%, 04/18/08(a) | 50,000 | 49,939 | ||||||
3.844%, 05/23/08(a) | 15,000 | 14,918 | ||||||
2.633%, 06/13/08(a) | 21,130 | 21,018 | ||||||
2.545%, 06/30/08(a) | 21,000 | 20,868 | ||||||
3.250%, 08/15/08 | 5,000 | 4,977 | ||||||
5.125%, 09/02/08 | 5,720 | 5,752 | ||||||
3.495%, 12/26/08(a) | 5,720 | 5,575 | ||||||
123,047 | ||||||||
Federal Farm Credit Bank (1.5%) | ||||||||
3.375%, 07/15/08 | 4,000 | 3,989 | ||||||
4.250%, 10/10/08 | 13,325 | 13,432 | ||||||
2.416%, 11/26/08(b) | 17,500 | 17,500 | ||||||
34,921 | ||||||||
Federal Home Loan Bank (13.1%) | ||||||||
2.656%, 04/02/08(a) | 56,435 | 56,431 | ||||||
2.656%, 04/04/08(a) | 42,000 | 41,991 | ||||||
2.133%, 04/18/08(a) | 9,052 | 9,043 | ||||||
4.400%, 04/23/08 | 13,200 | 13,200 | ||||||
4.380%, 04/28/08 | 25,000 | 25,012 | ||||||
2.725%, 05/07/08(a) | 10,000 | 9,973 | ||||||
2.542%, 05/09/08(a) | 31,000 | 30,917 | ||||||
2.739%, 05/14/08(a) | 25,000 | 24,919 | ||||||
2.925%, 06/18/08(a) | 9,750 | 9,689 | ||||||
4.500%, 08/08/08 | 18,520 | 18,532 | ||||||
3.875%, 08/22/08 | 5,600 | 5,589 | ||||||
2.650%, 09/17/08(b) | 9,150 | 9,148 | ||||||
4.375%, 10/03/08 | 4,840 | 4,833 | ||||||
4.625%, 10/10/08 | 17,785 | 17,792 | ||||||
4.375%, 10/29/08 | 10,900 | 10,902 | ||||||
2.902%, 11/04/08(b) | 14,700 | 14,700 | ||||||
4.500%, 11/19/08, Callable 05/19/08 @ 100 | 16,300 | 16,300 | ||||||
318,971 | ||||||||
Freddie Mac (4.5%) | ||||||||
2.458%, 04/25/08(a) | 10,000 | 9,984 | ||||||
3.853%, 05/28/08(a) | 20,000 | 19,880 | ||||||
2.182%, 06/13/08(a) | 35,000 | 34,846 | ||||||
2.814%, 07/21/08(a) | 9,750 | 9,667 | ||||||
2.680%, 02/13/09, Callable 08/13/08 @ 100 | 25,000 | 25,000 | ||||||
2.805%, 02/13/09, Callable 05/13/08 @ 100 | 12,500 | 12,500 | ||||||
111,877 | ||||||||
Total U.S. Government Agencies | 598,816 | |||||||
Repurchase Agreements (70.7%) | ||||||||
ABN AMRO Bank N.V., 2.215%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $329,634 (collateralized by U.S. Government Agencies; 3.500%-7.125%, due 06/09/10-02/01/36; total market value $336,206) | 329,614 | 329,614 | ||||||
Banc of America Securities, 2.315%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $155,496 (collateralized by FNMA; 5.000%, due 07/01/35; total market value $158,596) | 155,486 | 155,486 | ||||||
BNP Paribas, 2.215%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $253,355 (collateralized by U.S. Government Agency; DN, due 01/08/09; total market value $258,406) | 253,339 | 253,339 |
176
U.S. Government Securities Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Repurchase Agreements—continued | ||||||||
Deutsche Bank, 2.465%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $143,837 (collateralized by U.S. Government Securities; 4.234%-7.000%, due 02/01/36-03/01/38; total market value $146,704) | 143,827 | 143,827 | ||||||
HSBC Securities, Inc., 2.315%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $314,119 (collateralized by U.S. Government Agencies; 5.500%, due 12/01/37-01/01/38; total market value $320,382) | 314,099 | 314,099 | ||||||
Lehman Brothers, Inc., 2.415%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $167,558 (collateralized by U.S. Government Agencies; DN, due 03/01/17-07/01/37; total market value $170,898) | 167,547 | 167,547 | ||||||
Morgan Stanley, 2.415%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $212,803 (collateralized by U.S. Government Agencies; DN-9.000%, due 04/01/09-07/01/38; total market value $217,045) | 212,788 | 212,788 | ||||||
UBS Warburg LLC, 2.465%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $148,995 (collateralized by U.S. Government Agencies; DN-8.500%, due 01/25/14-11/15/37; total market value $151,969) | 148,985 | 148,985 | ||||||
Total Repurchase Agreements | 1,725,685 | |||||||
Money Market Funds (4.9%) | ||||||||
Federated Government Obligations Money Market Fund(b) | 60,000,000 | 60,000 | ||||||
Federated Government Obligations Tax-Managed Fund(b) | 60,000,000 | 60,000 | ||||||
Total Money Market Funds | 120,000 | |||||||
Total Investments (Cost $2,444,501)(c) — 100.1% | 2,444,501 | |||||||
Liabilities in excess of other assets — (0.1)% | (2,557 | ) | ||||||
Net Assets — 100.0% | $ | 2,441,944 | ||||||
(a) | Rate represents the effective yield at purchase. | |
(b) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(c) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
DN | — Discount Note | |
FNMA | — Federal National Mortgage Association |
177
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
U.S. Treasury Obligations (28.6%) | ||||||||
U.S. Treasury Bills (28.6%) | ||||||||
0.800%, 04/10/08(a) | 37,602 | 37,595 | ||||||
1.211%, 04/15/08(a) | 50,000 | 49,977 | ||||||
1.614%, 04/16/08(a) | 115,000 | 114,920 | ||||||
1.461%, 04/17/08(a) | 12,602 | 12,594 | ||||||
1.341%, 04/21/08(a) | 57,664 | 57,621 | ||||||
1.281%, 04/24/08(a) | 62,602 | 62,550 | ||||||
2.625%, 05/15/08 | 11,100 | 11,100 | ||||||
1.556%, 09/04/08(a) | 5,775 | 5,736 | ||||||
Total U.S. Treasury Obligations | 352,093 | |||||||
Repurchase Agreements (80.5%) | ||||||||
ABN AMRO Bank N.V., 1.350%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $66,794 (collateralized by U.S. Treasury Obligations; 6.000%-8.000%, due 11/15/21-02/15/26; total market value $68,128) | 66,791 | 66,791 | ||||||
Bank of America Securities, 1.250%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $75,861 (collateralized by U.S. Treasury Obligations; 4.625%-4.750%, due 02/28/09-11/15/09; total market value $77,377) | 75,859 | 75,859 | ||||||
BNP Paribas, 1.000%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $167,783 (collateralized by U.S. Treasury Obligations; 1.625%-2.500%, due 03/31/13-01/15/15; total market value $171,135) | 167,778 | 167,778 | ||||||
Deutsche Bank AG, 1.400%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $1,025 (collateralized by U.S. Treasury Obligation; 4.250%, due 09/30/12; total market value $1,046) | 1,025 | 1,025 | ||||||
Dresdner Bank AG, 1.050%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $124,712 (collateralized by U.S. Treasury Obligations; 1.750%-2.375%, due 03/31/10-01/01/18; total market value $125,329) | 124,708 | 124,708 | ||||||
Greenwich Capital Markets, Inc., 1.400%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $241,155 (collateralized by U.S. Treasury Obligations; 2.500%, due 03/31/13; total market value $245,971) | 241,146 | 241,146 | ||||||
HSBC Securities, Inc., 1.500%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $238,301 (collateralized by U.S. Treasury Obligations; 2.500%-5.125%, due 02/28/11-02/15/14; total market value $243,060) | 238,291 | 238,291 |
178
U.S. Treasury Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Repurchase Agreements—continued | ||||||||
Lehman Brothers, Inc., 1.000%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $1,226 (collateralized by U.S. Treasury Obligations; 6.250%, due 08/15/11; total market value $1,253) | 1,226 | 1,226 | ||||||
Morgan Stanley, 1.450%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $36,959 (collateralized by U.S. Treasury Obligation; DN, due 08/05/11; total market value $37,697) | 36,958 | 36,958 | ||||||
UBS Warburg LLC, 1.350%, dated 03/31/08 to be repurchased on 04/01/08, repurchase price $37,242 (collateralized by U.S. Treasury Obligations; 4.375%-7.875%, due 02/15/21-02/15/38; total market value $37,990) | 37,241 | 37,241 | ||||||
Total Repurchase Agreements | 991,023 | |||||||
Money Market Fund (0.4%) | ||||||||
Federated Treasury Obligations Fund | 5,215,016 | 5,215 | ||||||
Total Money Market Fund | 5,215 | |||||||
Total Investments (Cost $1,348,331)(b) — 109.5% | 1,348,331 | |||||||
Liabilities in excess of other assets — (9.5)% | (116,537 | ) | ||||||
Net Assets — 100.0% | $ | 1,231,794 | ||||||
(a) | Rate represents the effective yield at purchase. | |
(b) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
DN | — Discount Note |
179
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Municipal Bonds (89.5%) | ||||||||
Virginia (89.0%) | ||||||||
Albemarle County Industrial Development Authority, University of Virginia Health Services Project, RB, 2.130%, 10/01/22, LOC: Wachovia Bank N.A.(a) | 5,475 | 5,475 | ||||||
Alexandria Industrial Development Authority, American Red Cross Project, RB, 2.180%, 01/01/09, LOC: First Union National Bank(a) | 590 | 590 | ||||||
Alexandria Industrial Development Authority, Association for Supervision & Currency Project, RB, 2.130%, 07/01/23, LOC: Wachovia National Bank N.A.(a)(b) | 1,230 | 1,230 | ||||||
Alexandria Industrial Development Authority, Educational Facilities, Alexandria County Day School Project, RB, 2.170%, 06/01/25, LOC: First Union National Bank(a) | 3,930 | 3,930 | ||||||
Alexandria Industrial Development Authority, Pooled Loan Program, Ser A, RB, 2.100%, 07/01/26, LOC: Bank of America N.A.(a) | 3,000 | 3,000 | ||||||
Arlington County Industrial Development Authority, Multifamily Housing, Woodbury Park Apartments, Ser A, RB, 5.350%, 07/01/18, Prerefunded 07/01/08 @ 102 | 1,000 | 1,024 | ||||||
Arlington County Industrial Development Authority, Multifamily Housing, Woodbury Park Apartments, Ser A, RB, 5.450%, 01/01/29, Prerefunded 07/01/08 @ 102 | 1,300 | 1,332 | ||||||
Arlington County, Ballston Public Parking Project, RB, 2.100%, 08/01/17, LOC: Citibank N.A.(a) | 6,150 | 6,150 | ||||||
Ashland Industrial Development Authority, Health & Community Services Facilities, YMCA Greater Richmond Project, Ser A, RB, 2.130%, 11/01/20, LOC: Wachovia Bank N.A.(a)(b) | 8,040 | 8,040 | ||||||
Charlottesville Industrial Development Authority, Educational Facilities, University of Virginia Foundation Projects, Ser A, RB, 2.080%, 12/01/37, LOC: Wachovia Bank N.A.(a) | 10,900 | 10,900 | ||||||
Charlottesville Industrial Development Authority, Educational Facilities, University of Virginia Foundation Projects, Ser B, RB, 2.050%, 12/01/37, LOC: Wachovia Bank N.A.(a) | 2,700 | 2,700 | ||||||
Charlottesville Industrial Development Authority, Seminole, Ser A, RB, 2.300%, 12/01/13, Callable 05/05/08 @ 100, LOC: Branch Banking & Trust Co.(a) | 3,220 | 3,220 |
180
Virginia Tax-Free Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Chesapeake, GO, 5.000%, 06/01/08 | 1,000 | 1,005 | ||||||
Chesterfield County Economic Development Authority, Bon Secours Health Systems, Ser C1, RB, 2.050%, 11/01/42, FSA(a) | 13,100 | 13,100 | ||||||
Clarke County Industrial Development Authority, Educational Facilities, Powhatan School District Project, RB, 2.280%, 09/01/22, LOC: Branch Banking & Trust Co.(a) | 1,335 | 1,335 | ||||||
Clarke County Industrial Development Authority, Hospital Facilities, Winchester Medical Center Project, RB, 2.050%, 01/01/30, FSA(a) | 24,620 | 24,620 | ||||||
Fairfax County Economic Development Authority, Flint Hill School Project, RB, 2.100%, 09/01/21, LOC: First Union National Bank(a)(b) | 4,205 | 4,205 | ||||||
Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 2.050%, 07/01/40, LOC: Bank of America N.A.(a) | 12,000 | 12,000 | ||||||
Fairfax County Economic Development Authority, RB, 5.000%, 05/15/08 | 1,990 | 1,994 | ||||||
Fairfax County Economic Development Authority, Smithsonian Institute, Ser A, RB, 1.800%, 12/01/33, LOC: Bank of America N.A.(a) | 4,000 | 4,000 | ||||||
Fairfax County Economic Development Authority, Smithsonian Institute, Ser B, RB, 1.780%, 12/01/33, LOC: Bank of America N.A.(a) | 7,020 | 7,020 | ||||||
Fairfax County Redevelopment & Housing Authority, Affordable Housing, Ser B, RB, BAN, 3.625%, 10/09/08, County Guaranteed | 15,000 | 15,025 | ||||||
Fairfax County Water Authority, Municipal Trade Receipts Project, Ser SGB-40A, RB, 2.220%, 04/01/30, LOC: Societe Generale(a)(b) | 7,850 | 7,850 | ||||||
Fairfax County, Public Improvement, Ser A, GO, 5.250%, 04/01/08, State Aid Withholding | 6,200 | 6,200 | ||||||
Fairfax County, Public Improvement, Ser A, GO, 4.500%, 04/01/09, State Aid Withholding | 11,730 | 12,058 | ||||||
Fairfax County, Ser A, GO, 5.000%, 06/01/08, State Aid Withholding | 3,400 | 3,418 | ||||||
Fairfax County, Ser A, GO, 5.000%, 06/01/08, State Aid Withholding | 2,300 | 2,306 |
181
Virginia Tax-Free Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Greene County Industrial Development Authority, Blue Ridge School Project, RB, 2.280%, 06/01/26, LOC: Branch Banking & Trust Co.(a) | 5,360 | 5,360 | ||||||
Hampton Redevelopment & Housing Authority, Multifamily Housing, Shoreline Apartments Project, RB, 2.090%, 12/01/19, FHLMC(a) | 250 | 250 | ||||||
Hanover County Industrial Development Authority, Residential Care Facility, Covenant Woods Project, RB, 2.280%, 07/01/29, LOC: Branch Banking & Trust Co.(a)(b) | 16,100 | 16,100 | ||||||
Harrisonburg Redevelopment & Housing Authority, Multifamily Housing, Stoney Ridge/Dale Forest, RB, 1.920%, 08/01/32, FHLMC(a) | 2,365 | 2,365 | ||||||
Henrico County Economic Development Authority, Exempt Facility, White Oak Limited Project, RB, AMT, 2.250%, 10/01/27, LOC: Citibank N.A.(a) | 9,100 | 9,100 | ||||||
Henrico County Economic Development Authority, Residential Care Facility, Westminister Centerbury, Ser B, RB, 2.100%, 10/01/35, LOC: Branch Banking & Trust Co.(a) | 7,000 | 7,000 | ||||||
Henrico County Economic Development Authority, Steward School Project, RB, 2.280%, 07/01/33, LOC: Branch Banking & Trust Co.(a) | 2,400 | 2,400 | ||||||
James City & County Economic Development Authority, Industrial Development, Historic Jamestown Project, RB, 2.150%, 11/01/24, LOC: Wachovia Bank N.A.(a) | 700 | 700 | ||||||
King George County Industrial Development Authority, Exempt Facility, Birchwood Power Partners, Ser B, RB, AMT, 1.250%, 12/01/24, LOC: Bank of Nova Scotia(a) | 7,850 | 7,850 | ||||||
Loudoun County Industrial Development Authority, Day School Inc., RB, 2.090%, 03/01/38, LOC: PNC Bank N.A.(a) | 5,850 | 5,850 | ||||||
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser D, RB, 1.500%, 02/15/38(a) | 19,400 | 19,400 | ||||||
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser E, RB, 2.600%, 02/15/38(a) | 13,415 | 13,415 | ||||||
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser F, RB, 1.950%, 02/15/38(a) | 4,400 | 4,400 |
182
Virginia Tax-Free Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Loudoun County Industrial Development Authority, Howard Hughes Medical Institution, Ser B, RB, 2.000%, 02/15/38(a) | 14,780 | 14,780 | ||||||
Loudoun County Industrial Development Authority, Howard Hughes Medical Institution, Ser C, RB, 1.500%, 02/15/38(a) | 11,085 | 11,085 | ||||||
Louisa County Industrial Development Authority, Pooled Financing Project, RB, 2.100%, 01/01/20, LOC: Bank of America N.A.(a)(b) | 800 | 800 | ||||||
Lynchburg Industrial Development Authority, Aerofin Corp. Project, RB, AMT, 2.280%, 03/01/29, LOC: PNC Bank N.A.(a) | 2,075 | 2,075 | ||||||
Lynchburg Industrial Development Authority, Educational Facilities, Randolph Macon Project, RB, 2.150%, 09/01/23, LOC: Wachovia Bank N.A.(a) | 7,635 | 7,635 | ||||||
Newport News Industrial Development Authority, CNU Warwick LLC Student Housing Project, RB, 2.100%, 11/01/28, LOC: Bank of America N.A.(a) | 8,970 | 8,970 | ||||||
Newport News Redevelopment & Housing Authority, Multifamily Housing, Springhouse Apartments Project, RB, 2.090%, 09/01/26, FHLMC(a) | 2,260 | 2,260 | ||||||
Norfolk Redevelopment & Housing Authority, Student Housing I LLC Project, Ser E2F, RB, 2.100%, 07/01/34, LOC: Bank of America N.A.(a) | 7,000 | 7,000 | ||||||
Peninsula Ports Authority, 1.300%, 04/02/08, LOC: Citibank N.A. | 3,500 | 3,500 | ||||||
Peninsula Ports Authority, 2.250%, 04/02/08, LOC: Citibank N.A. | 3,400 | 3,400 | ||||||
Peninsula Ports Authority, 1.030%, 04/03/08, LOC: Citibank N.A. | 2,100 | 2,100 | ||||||
Peninsula Ports Authority Coal Terminal, Dominion Terminal Project, Ser C, RB, 1.200%, 07/01/16, LOC: Citibank N.A.(a) | 2,260 | 2,260 | ||||||
Peninsula Ports Authority Coal Terminal, Dominion Terminal Project, Ser D, RB, 1.250%, 07/01/16, LOC: U.S. Bank N.A.(a) | 3,200 | 3,200 | ||||||
Peninsula Ports Authority, Riverside Health Systems Project, RB, 2.130%, 07/01/37(a) | 18,000 | 18,000 | ||||||
Pocahontas Parkway Association, Toll Road, Ser A, RB, 5.250%, 08/15/09, Prerefunded 08/15/08 @ 102 | 6,000 | 6,141 | ||||||
Pocahontas Parkway Association, Toll Road, Ser A, RB, 5.500%, 08/15/28, Prerefunded 08/15/08 @ 102 | 6,750 | 6,952 |
183
Virginia Tax-Free Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Pulaski County Industrial Development Authority, Pulaski Furniture Corp. Project, RB, 2.100%, 08/01/19, LOC: Bank of America N.A.(a)(b) | 7,425 | 7,425 | ||||||
Richmond Public Utility, ROCS RR III, Ser R-6094, RB, 2.270%, 01/15/27, Callable 01/15/17 @ 100, FSA(a)(b) | 65 | 65 | ||||||
Richmond, GO, 4.000%, 06/25/08 | 20,000 | 20,033 | ||||||
Roanoke Industrial Development Authority, Carilion Health System, Ser C1 RB, 1.250%, 07/01/27, FSA(a) | 1,895 | 1,895 | ||||||
Rockingham County Industrial Development Authority, Sunnyside Presbyterian Project, RB, 2.280%, 12/01/33, LOC: Branch Banking & Trust Co.(a) | 10,495 | 10,495 | ||||||
Stafford County & Staunton, 2.650%, 04/01/08 | 24,640 | 24,640 | ||||||
Surry County Industrial Development Authority, Windsor Mill Project, RB, AMT, 2.310%, 02/01/32, LOC: Wells Fargo Bank N.A.(a) | 1,050 | 1,050 | ||||||
Tazewell County Industrial Development Authority, Jennmar Corp. of Virginia Inc., RB, AMT, 2.280%, 02/01/17, LOC: PNC Bank N.A.(a) | 5,400 | 5,400 | ||||||
University of Virginia, Ser A, RB, 2.050%, 06/01/34(a) | 25,675 | 25,675 | ||||||
Virginia State Public School Authority, School Financing 1997, Ser D, RB, 5.000%, 08/01/08 | 5,500 | 5,540 | ||||||
Virginia Beach Development Authority, Ocean Ranch Project, RB, 2.280%, 07/01/17, LOC: Branch Banking & Trust Co.(a)(b) | 1,715 | 1,715 | ||||||
Virginia Beach Development Authority, Public Facility, Ser A, RB, 4.750%, 05/01/08 | 2,220 | 2,223 | ||||||
Virginia Beach, GO, 5.400%, 07/15/08 | 2,000 | 2,010 | ||||||
Virginia Biotechnology Research Park Authority, United Network of Organ Sharing Project, RB, 2.130%, 04/01/27, LOC: Wachovia Bank N.A.(a) | 6,230 | 6,230 | ||||||
Virginia College Building Authority, Educational Facilities, 21st Century College & Equipment, RB, 5.000%, 02/01/09 | 5,420 | 5,565 | ||||||
Virginia College Building Authority, Educational Facilities, 21st Century College & Equipment, RB, 5.000%, 02/01/09 | 3,005 | 3,081 | ||||||
Virginia College Building Authority, Educational Facilities, 21st Century College, Ser B, RB, 1.440%, 02/01/26, Callable 02/01/14 @ 100, LOC: Wachovia Bank N.A.(a) | 11,930 | 11,930 |
184
Virginia Tax-Free Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia College Building Authority, Educational Facilities, 21st Century College, Ser C, RB, 1.200%, 02/01/26, LOC: Wachovia Bank N.A.(a) | 10,635 | 10,635 | ||||||
Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Ser A, RB, 5.000%, 09/01/08 | 3,135 | 3,157 | ||||||
Virginia Commonwealth Transportation Board, Ser II-R 10076, RB, 2.240%, 05/15/19, LOC: Citibank N.A.(a)(b) | 11,085 | 11,085 | ||||||
Virginia Commonwealth Transportation Board, Ser SG 134, RB, 2.220%, 05/15/22, Callable 05/15/09 @ 101, LOC: Societe Generale(a)(b) | 10,235 | 10,235 | ||||||
Virginia Commonwealth University Health System Authority, Ser A, RB, 1.180%, 07/01/37, LOC: Branch Banking & Trust Co.(a) | 3,000 | 3,000 | ||||||
Virginia Commonwealth University Health System Authority, Ser B, RB, 1.200%, 07/01/37, LOC: Branch Banking & Trust Co.(a) | 8,850 | 8,850 | ||||||
Virginia Commonwealth University Health System Authority, Ser C, RB, 1.420%, 07/01/37, LOC: Branch Banking & Trust Co.(a) | 10,000 | 10,000 | ||||||
Virginia Housing Development Authority, Commonwealth Mortgage, Ser C07, RB, AMT, 2.300%, 07/01/17, Go of Auth(a)(b) | 5,700 | 5,700 | ||||||
Virginia Housing Development Authority, Commonwealth Mortgage, Ser J, Subser J-1, RB, 4.300%, 07/01/08, MBIA | 5,400 | 5,408 | ||||||
Virginia Small Business Financing Authority, Childrens Hospital of Kings, RB, 2.080%, 01/01/36, LOC: Wachovia Bank N.A.(a) | 10,300 | 10,300 | ||||||
Virginia Small Business Financing Authority, Virginia Museum of Fine Arts Foundation, RB, 2.080%, 08/01/35, LOC: Wachovia National Bank N.A.(a) | 3,250 | 3,250 | ||||||
Virginia State Public Building Authority, Public Facilities, Ser B, RB, 5.000%, 08/01/08 | 3,000 | 3,022 | ||||||
Virginia State Public Building Authority, Public Facilities, Ser D, RB, 2.000%, 08/01/25(a) | 11,800 | 11,800 | ||||||
Virginia State Public School Authority, School Educational, Technology Notes, Ser IV, RB, 4.000%, 04/15/08 | 1,425 | 1,425 |
185
Virginia Tax-Free Money Market Fund — continued
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia State Public School Authority, School Financing, 1997 Resolution Program, Ser B, RB, 4.000%, 08/01/08, State Aid Withholding | 5,945 | 5,959 | ||||||
Virginia State Public School Authority, School Financing, 1997 Resolution Program, Ser C, RB, 5.000%, 08/01/08 | 5,150 | 5,177 | ||||||
Virginia State Public School Authority, School Financing, 1997 Resolution Program, Ser C, RB, 5.000%, 08/01/08 | 2,540 | 2,557 | ||||||
Virginia State Public School Authority, School Financing, Ser A, RB, 5.000%, 08/01/08, State Aid Withholding | 1,435 | 1,441 | ||||||
Virginia State Public School Authority, School Financing, Ser A, RB, 5.250%, 08/01/08, State Aid Withholding | 1,085 | 1,092 | ||||||
Virginia State Public School Authority, Ser A, RB, 5.500%, 08/01/08, State Aid Withholding | 2,680 | 2,703 | ||||||
Virginia State Public School Authority, Ser C, RB, 5.000%, 08/01/08, State Aid Withholding | 4,075 | 4,096 | ||||||
Virginia State Public School Authority, Ser II-R 4050, RB, 2.240%, 08/01/17, Callable 08/01/13 @ 100, State Aid Withholding(a)(b) | 4,055 | 4,055 | ||||||
Virginia State Resource Authority, Clean Water, Sub-State Revolving Fund, RB, 5.000%, 10/01/08 | 5,000 | 5,041 | ||||||
Virginia State, Ser A, GO, 5.000%, 06/01/08 | 4,170 | 4,184 | ||||||
Virginia State, Ser A, GO, 5.000%, 06/01/08 | 1,000 | 1,005 | ||||||
Williamsburg Industrial Development Authority, Colonial Williamsburg Foundation, RB, 2.100%, 12/01/18, LOC: Bank of America N.A.(a)(b) | 250 | 250 | ||||||
Williamsburg Industrial Development Authority, Colonial Williamsburg Project, RB, 2.090%, 10/01/35, LOC: First Union National Bank(a) | 4,320 | 4,320 | ||||||
Winchester Industrial Development Authority, Residential Care Facilities, Westminster-Cantenbury, Ser B, RB, 2.280%, 01/01/35, LOC: Branch Banking & Trust Co.(a) | 2,000 | 2,000 | ||||||
634,794 | ||||||||
Nevada (0.5%) | ||||||||
Director of the State of Nevada, Department of Business & Industry Pollution Control, Barrick Goldstrike Mines, RB, AMT, 2.300%, 06/01/29, LOC: Royal Bank of Canada(a) | 3,500 | 3,500 | ||||||
Total Municipal Bonds | 638,294 | |||||||
186
Virginia Tax-Free Money Market Fund — concluded
Shares or | ||||||||
Principal | ||||||||
Amount($) | Value($) | |||||||
Money Market Funds (10.2%) | ||||||||
Federated Tax-Free Obligations Fund | 29,165,840 | 29,166 | ||||||
Federated Virginia Municipal Cash Trust, Institutional Class | 16,000,001 | 16,000 | ||||||
Goldman Sachs Financial Square Tax Free Money Market Fund | 27,516,588 | 27,517 | ||||||
Total Money Market Funds | 72,683 | |||||||
Total Investments (Cost $710,977)(c) — 99.7% | 710,977 | |||||||
Other assets in excess of liabilities — 0.3% | 2,202 | |||||||
Net Assets — 100.0% | $ | 713,179 | ||||||
(a) | Variable or Floating Rate Security. Rate disclosed is as of March 31, 2008. | |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 11.0% of net assets as of March��31, 2008. | |
(c) | Aggregate cost for federal income tax and financial reporting purposes is the same. |
AMT | — Alternative Minimum Tax Paper | |
BAN | — Bond Anticipation Note | |
FHLMC | — Security insured by Federal Home Loan Mortgage Corporation | |
FSA | — Security insured by Financial Security Assurance | |
GO | — General Obligation | |
LOC | — Letter of Credit | |
MBIA | — Security insured by Municipal Bond Insurance Association |
187
High | Investment | |||||||||||||||||||||||||||
Georgia | Grade | Investment | Grade | |||||||||||||||||||||||||
Tax-Exempt | Municipal | High | Intermediate | Grade | Tax-Exempt | Limited | ||||||||||||||||||||||
Bond | Bond | Income | Bond | Bond | Bond | Duration | ||||||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | Fund | ||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||
Total Investments, at Cost | $ | 177,583 | $ | 187,751 | $ | 54,051 | $ | 1,143,186 | $ | 483,772 | $ | 564,594 | $ | 44,051 | ||||||||||||||
Investments, at Value* | $ | 176,874 | $ | 188,572 | $ | 49,501 | $ | 1,063,085 | $ | 446,505 | $ | 569,707 | $ | 34,035 | ||||||||||||||
Investments in Affiliates, at Value and Cost | — | — | 2,772 | 93,246 | 42,514 | — | 9,424 | |||||||||||||||||||||
Total Investments | 176,874 | 188,572 | 52,273 | 1,156,331 | 489,019 | 569,707 | 43,459 | |||||||||||||||||||||
Interest and Dividends Receivable | 2,469 | 2,048 | 1,153 | 9,913 | 3,924 | 6,303 | 102 | |||||||||||||||||||||
Receivable for Capital Shares Issued | 49 | 48 | 209 | 1,501 | 1,617 | 1,893 | 91 | |||||||||||||||||||||
Receivable for Investment Securities Sold | 800 | 484 | 5,015 | 6,786 | 3,657 | 41,177 | — | |||||||||||||||||||||
Appreciated Credit Default Swap Agreements, at Value (Cost $—, $—, $3, $121, $109, $— and $—, respectively) | — | — | 33 | 491 | 543 | — | — | |||||||||||||||||||||
Appreciated Interest Rate Swap Agreements, at Value (Cost $—, $—, $—, $—, $—, $— and $—, respectively) | — | — | — | 32 | 16 | — | — | |||||||||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Contracts | — | — | — | 2,798 | 1,541 | — | — | |||||||||||||||||||||
Foreign Currency, at Value (Cost $—, $—, $—, $—, $28, $— and $—, respectively) | — | — | — | — | 28 | — | — | |||||||||||||||||||||
Receivable from Adviser | 3 | — | 1 | — | — | — | ||||||||||||||||||||||
Prepaid Expenses | 2 | 10 | 2 | 4 | 4 | 10 | 4 | |||||||||||||||||||||
Total Assets | 180,197 | 191,162 | 58,686 | 1,177,856 | 500,349 | 619,090 | 43,656 | |||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||
Income Distributions Payable | 543 | 534 | 340 | 3,052 | 1,551 | 1,537 | 138 | |||||||||||||||||||||
Payable for Investment Securities Purchased | 852 | 9,041 | 4,295 | 82,632 | 30,331 | 53,906 | — | |||||||||||||||||||||
Payable for Capital Shares Redeemed | 20 | — | 27 | 164 | 102 | 192 | — | |||||||||||||||||||||
Depreciated Credit Default Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $—, $— and $—, respectively) | — | — | 137 | 66 | 37 | — | — | |||||||||||||||||||||
Depreciated Interest Rate Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $—, $— and $—, respectively) | — | — | — | 84 | 46 | — | — | |||||||||||||||||||||
Unrealized Depreciation on Forward Foreign Currency Contracts | — | — | — | 3,869 | 2,092 | — | — | |||||||||||||||||||||
Payable for Collateral Received on Securities Loaned | — | — | 1,853 | 274,033 | 58,662 | — | — | |||||||||||||||||||||
Investment Advisory Fees Payable | 83 | 84 | 26 | 167 | 170 | 235 | 4 | |||||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | — | 1 | 2 | 8 | 5 | 5 | 1 | |||||||||||||||||||||
Compliance Services Fees Payable | 1 | 1 | — | 1 | 1 | 1 | — | |||||||||||||||||||||
Distribution and Service Fees Payable | 5 | 5 | 18 | — | 10 | 8 | — | |||||||||||||||||||||
Custodian Fees Payable | 1 | 1 | 2 | 6 | 6 | 3 | 2 | |||||||||||||||||||||
Trustee Fees Payable | 1 | 1 | — | 3 | 2 | 2 | — | |||||||||||||||||||||
Other Fees Payable | 11 | 8 | 6 | 44 | 20 | 26 | 2 | |||||||||||||||||||||
Total Liabilities | 1,517 | 9,676 | 6,706 | 364,129 | 93,035 | 55,915 | 147 | |||||||||||||||||||||
Total Net Assets | $ | 178,680 | $ | 181,486 | $ | 51,980 | $ | 813,727 | $ | 407,314 | $ | 563,175 | $ | 43,509 | ||||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||||||
Capital | $ | 180,746 | $ | 181,253 | $ | 57,975 | $ | 796,928 | $ | 413,118 | $ | 554,653 | $ | 44,112 | ||||||||||||||
Accumulated Net Investment Income (Loss) | 190 | (7 | ) | (45 | ) | 1,528 | 952 | (154 | ) | — | ||||||||||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Swaps and Foreign Currency Transactions | (1,547 | ) | (581 | ) | (4,065 | ) | 2,945 | (11,819 | ) | 3,563 | (11 | ) | ||||||||||||||||
Net Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies | (709 | ) | 821 | (1,885 | ) | 12,326 | 5,063 | 5,113 | (592 | ) | ||||||||||||||||||
Total Net Assets | $ | 178,680 | $ | 181,486 | $ | 51,980 | $ | 813,727 | $ | 407,314 | $ | 563,175 | $ | 43,509 | ||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||
I Shares | $ | 169,453 | $ | 173,975 | $ | 30,587 | $ | 812,982 | $ | 385,110 | $ | 546,323 | $ | 43,509 | ||||||||||||||
A Shares | 4,164 | 2,442 | 847 | 736 | 14,495 | 10,869 | N/A | |||||||||||||||||||||
C Shares | 5,063 | 5,069 | 20,546 | 9 | 7,709 | 5,983 | N/A | |||||||||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||||||
I Shares | 17,030 | 16,115 | 4,778 | 79,003 | 35,845 | 47,140 | 4,410 | |||||||||||||||||||||
A Shares | 418 | 226 | 132 | 72 | 1,349 | 937 | N/A | |||||||||||||||||||||
C Shares | 509 | 469 | 3,209 | 1 | 717 | 517 | N/A | |||||||||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||||||||||
I Shares | $ | 9.95 | $ | 10.80 | $ | 6.40 | $ | 10.29 | $ | 10.74 | $ | 11.59 | $ | 9.87 | ||||||||||||||
A Shares | 9.97 | 10.80 | 6.41 | 10.29 | 10.74 | 11.60 | N/A | |||||||||||||||||||||
C Shares(b) | 9.96 | 10.82 | 6.40 | 10.29 | 10.75 | 11.58 | N/A | |||||||||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||||||||||
I Shares | $ | 9.95 | $ | 10.80 | $ | 6.40 | $ | 10.29 | $ | 10.74 | $ | 11.59 | $ | 9.87 | ||||||||||||||
A Shares | 10.47 | 11.34 | 6.73 | 10.80 | 11.28 | 12.18 | N/A | |||||||||||||||||||||
C Shares | 9.96 | 10.82 | 6.40 | 10.29 | 10.75 | 11.58 | N/A | |||||||||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | 4.75 | % | 4.75 | % | 4.75 | % | 4.75 | % | N/A |
* | Investments include securities on loan of $0, $0, $1,767, $264,853, $56,954, $0 and $0, respectively. | |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. | |
(b) | Redemption price per share varies based on length of time shares are held. |
188
Seix | ||||||||||||||||||||||||||||||||
Limited-Term | North | Floating | Short-Term | |||||||||||||||||||||||||||||
Federal | Maryland | Carolina | Rate | Seix | U.S. | |||||||||||||||||||||||||||
Mortgage | Municipal | Tax-Exempt | High | High | Short-Term | Treasury | ||||||||||||||||||||||||||
Securities | Bond | Bond | Income | Yield | Bond | Securities | ||||||||||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | Fund | ||||||||||||||||||||||||||
Assets: | ||||||||||||||||||||||||||||||||
Total Investments, at Cost | $ | 106,141 | $ | 43,452 | $ | 44,157 | $ | 617,923 | $ | 728,411 | $ | 422,805 | $ | 100,350 | ||||||||||||||||||
Investments, at Value* | $ | 93,176 | $ | 43,731 | $ | 43,809 | $ | 544,398 | $ | 693,239 | $ | 411,970 | $ | 102,998 | ||||||||||||||||||
Investments in Affiliates, at Value and Cost | 13,973 | — | — | 26,141 | 13,457 | 11,632 | — | |||||||||||||||||||||||||
Total Investments | 107,149 | 43,731 | 43,809 | 570,539 | 706,696 | 423,602 | 102,998 | |||||||||||||||||||||||||
Cash | — | — | — | 137 | 2 | 3 | — | |||||||||||||||||||||||||
Segregated Cash at Broker for Futures Contracts | — | — | — | — | — | 120 | — | |||||||||||||||||||||||||
Interest and Dividends Receivable | 409 | 466 | 659 | 3,227 | 14,476 | 2,654 | 544 | |||||||||||||||||||||||||
Receivable for Capital Shares Issued | 182 | 13 | 127 | 2,746 | 11,206 | 921 | 77 | |||||||||||||||||||||||||
Receivable for Investment Securities Sold | 10,842 | — | 2,087 | 58,402 | 23,174 | 163 | 7,243 | |||||||||||||||||||||||||
Appreciated Credit Default Swap Agreements, at Value (Cost $—, $—, $—, $7, $1, $—, and $—, respectively) | — | — | — | 28 | 290 | 342 | — | |||||||||||||||||||||||||
Prepaid Expenses | 2 | 1 | — | 25 | 14 | 12 | 11 | |||||||||||||||||||||||||
Total Assets | 118,584 | 44,211 | 46,682 | 635,104 | 755,858 | 427,817 | 110,873 | |||||||||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||||||||||
Income Distributions Payable | 421 | 130 | 129 | 3,302 | 4,499 | 1,447 | 250 | |||||||||||||||||||||||||
Payable for Investment Securities Purchased | 18,974 | — | 2,723 | 66,754 | 10,763 | 7,051 | 8,265 | |||||||||||||||||||||||||
Payable for Capital Shares Redeemed | 8 | — | — | 203 | 220 | 277 | 4 | |||||||||||||||||||||||||
Depreciated Credit Default Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $—, $1 and $—, respectively) | — | — | — | 108 | 359 | 683 | — | |||||||||||||||||||||||||
Unrealized Depreciation on Unfunded Transactions | — | — | — | 4,329 | 1,817 | — | — | |||||||||||||||||||||||||
Unrealized Depreciation on Futures Contracts | — | — | — | — | — | 20 | — | |||||||||||||||||||||||||
Payable for Collateral Received on Securities Loaned | — | — | — | — | 49,133 | 20,260 | 27,256 | |||||||||||||||||||||||||
Investment Advisory Fees Payable | 43 | 21 | 20 | 214 | 256 | 134 | 25 | |||||||||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 2 | — | — | 16 | 11 | 4 | 1 | |||||||||||||||||||||||||
Compliance Services Fees Payable | 1 | — | — | 9 | 2 | 1 | — | |||||||||||||||||||||||||
Distribution and Service Fees Payable | 10 | 5 | — | 2 | 8 | 4 | 8 | |||||||||||||||||||||||||
Custodian Fees Payable | 5 | 1 | 1 | 17 | 7 | 6 | — | |||||||||||||||||||||||||
Trustee Fees Payable | 1 | — | — | 13 | 4 | 3 | — | |||||||||||||||||||||||||
Other Fees Payable | 13 | 3 | 3 | 122 | 46 | 24 | 9 | |||||||||||||||||||||||||
Total Liabilities | 19,478 | 160 | 2,876 | 75,089 | 67,125 | 29,914 | 35,818 | |||||||||||||||||||||||||
Total Net Assets | $ | 99,106 | $ | 44,051 | $ | 43,806 | $ | 560,015 | $ | 688,733 | $ | 397,903 | $ | 75,055 | ||||||||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||||||||||
Capital | $ | 118,654 | $ | 43,930 | $ | 44,960 | $ | 636,909 | $ | 779,701 | $ | 406,365 | $ | 74,591 | ||||||||||||||||||
Accumulated Net Investment Income (Loss) | 130 | (41 | ) | (63 | ) | (85 | ) | (782 | ) | 26 | (1 | ) | ||||||||||||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Swaps and Futures Transactions | (20,686 | ) | (117 | ) | (743 | ) | (25,009 | ) | (66,584 | ) | (8,925 | ) | (2,183 | ) | ||||||||||||||||||
Net Unrealized Appreciation/Depreciation on Investments, Swaps and Futures | 1,008 | 279 | (348 | ) | (51,800 | ) | (23,602 | ) | 437 | 2,648 | ||||||||||||||||||||||
Total Net Assets | $ | 99,106 | $ | 44,051 | $ | 43,806 | $ | 560,015 | $ | 688,733 | $ | 397,903 | $ | 75,055 | ||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
I Shares | $ | 85,638 | $ | 38,138 | $ | 43,046 | $ | 553,208 | $ | 663,081 | $ | 390,659 | $ | 62,416 | ||||||||||||||||||
A Shares | 2,670 | 45 | 760 | 6,591 | 21,640 | 3,767 | 3,800 | |||||||||||||||||||||||||
C Shares | 10,798 | 5,868 | N/A | 216 | 4,012 | 3,477 | 8,839 | |||||||||||||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||||||||||
I Shares | 8,626 | 3,799 | 4,435 | 62,170 | 67,844 | 39,591 | 6,081 | |||||||||||||||||||||||||
A Shares | 269 | 5 | 78 | 740 | 2,265 | 381 | 371 | |||||||||||||||||||||||||
C Shares | 1,087 | 583 | N/A | 24 | 411 | 352 | 863 | |||||||||||||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||||||||||||||
I Shares | $ | 9.93 | $ | 10.04 | $ | 9.71 | $ | 8.90 | $ | 9.77 | $ | 9.87 | $ | 10.26 | ||||||||||||||||||
A Shares | 9.91 | 10.05 | 9.68 | 8.90 | 9.55 | 9.89 | 10.25 | |||||||||||||||||||||||||
C Shares(b) | 9.93 | 10.06 | N/A | 8.90 | 9.77 | 9.89 | 10.25 | |||||||||||||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||||||||||||||
I Shares | $ | 9.93 | $ | 10.04 | $ | 9.71 | $ | 8.90 | $ | 9.77 | $ | 9.87 | $ | 10.26 | ||||||||||||||||||
A Shares | 10.16 | 10.55 | 10.16 | 9.13 | 10.03 | 10.14 | 10.51 | |||||||||||||||||||||||||
C Shares | 9.93 | 10.06 | N/A | 8.90 | 9.77 | 9.89 | 10.25 | |||||||||||||||||||||||||
Maximum Sales Charge — A Shares | 2.50 | % | 4.75 | % | 4.75 | % | 2.50 | % | 4.75 | % | 2.50 | % | 2.50 | % |
* | Investments include securities on loan of $—, $—, $—, $—, $47,004, $19,800 and $26,498, respectively. | |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. | |
(b) | Redemption price per share varies based on length of time shares are held. |
189
U.S. | ||||||||||||||||||||||||
Government | Virginia | |||||||||||||||||||||||
Total | U.S. | Securities | Intermediate | |||||||||||||||||||||
Strategic | Return | Ultra-Short | Government | Ultra-Short | Municipal | |||||||||||||||||||
Income | Bond | Bond | Securities | Bond | Bond | |||||||||||||||||||
Fund | Fund | Fund | Fund | Fund | Fund | |||||||||||||||||||
Assets: | ||||||||||||||||||||||||
Total Investments, at Cost | $ | 94,794 | $ | 729,276 | $ | 88,786 | $ | 654,008 | $ | 61,871 | $ | 207,380 | ||||||||||||
Investments, at Value* | $ | 94,943 | $ | 672,196 | $ | 84,721 | $ | 613,148 | $ | 62,284 | $ | 211,867 | ||||||||||||
Investments in Affiliates, at Value and Cost | 426 | 60,295 | 3,541 | 56,494 | — | — | ||||||||||||||||||
Total Investments | 95,369 | 732,491 | 88,262 | 669,642 | 62,284 | 211,867 | ||||||||||||||||||
Cash | — | — | — | — | — | — | ||||||||||||||||||
Interest and Dividends Receivable | 1,320 | 4,824 | 449 | 2,896 | 303 | 2,679 | ||||||||||||||||||
Receivable for Capital Shares Issued | 107 | 1,200 | 111 | 683 | 127 | 66 | ||||||||||||||||||
Receivable for Investment Securities Sold | 2,206 | 20,089 | 260 | 20,140 | 487 | — | ||||||||||||||||||
Appreciated Credit Default Swap Agreements, at value (Cost $—, $85, $—, $—, $— and $—, respectively) | 32 | 428 | — | — | — | — | ||||||||||||||||||
Appreciated Interest Rate Swap Agreements, at value (Cost $—, $—, $—, $—, $— and $—, respectively) | 9 | 25 | — | — | — | — | ||||||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Contracts | 1,761 | 2,431 | — | — | — | — | ||||||||||||||||||
Reclaims Receivable | — | 2 | — | — | — | — | ||||||||||||||||||
Receivable from Adviser | — | — | 8 | — | — | — | ||||||||||||||||||
Prepaid Expenses | 8 | 3 | 3 | 4 | 3 | 2 | ||||||||||||||||||
Total Assets | 100,812 | 761,493 | 89,093 | 693,365 | 63,204 | 214,614 | ||||||||||||||||||
Liabilities: | ||||||||||||||||||||||||
Payable for Fund Overdraft | — | — | — | — | 54 | — | ||||||||||||||||||
Income Distributions Payable | 427 | 2,538 | 321 | 1,906 | 226 | 647 | ||||||||||||||||||
Payable for Investment Securities Purchased | 2,475 | 68,567 | — | 40,158 | — | — | ||||||||||||||||||
Payable for Capital Shares Redeemed | 23 | — | — | 210 | — | — | ||||||||||||||||||
Depreciated Credit Default Swap Agreements, at Value (Proceeds $2, $—, $—, $—, $— and $—, respectively ) | 108 | 35 | — | — | — | — | ||||||||||||||||||
Depreciated Interest Rate Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $— and $—, respectively) | 24 | 72 | — | — | — | — | ||||||||||||||||||
Unrealized Depreciation on Forward Foreign Currency Contracts | 2,579 | 3,292 | — | — | — | — | ||||||||||||||||||
Payable for Collateral Received on Securities Loaned | 6,500 | 56,045 | 859 | 151,139 | — | — | ||||||||||||||||||
Investment Advisory Fees Payable | 46 | 131 | 16 | 209 | 11 | 99 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 2 | 8 | 1 | 4 | 1 | 2 | ||||||||||||||||||
Compliance Services Fees Payable | — | 2 | — | 3 | — | 1 | ||||||||||||||||||
Distribution and Service Fees Payable | 21 | — | — | 4 | — | 3 | ||||||||||||||||||
Custodian Fees Payable | 14 | 11 | 2 | 7 | 4 | 2 | ||||||||||||||||||
Trustee Fees Payable | 1 | 3 | — | 4 | — | 2 | ||||||||||||||||||
Other Fees Payable | 8 | 29 | 2 | 33 | 4 | 18 | ||||||||||||||||||
Total Liabilities | 12,228 | 130,733 | 1,201 | 193,677 | 300 | 774 | ||||||||||||||||||
Total Net Assets | $ | 88,584 | $ | 630,760 | $ | 87,892 | $ | 499,688 | $ | 62,904 | $ | 213,840 | ||||||||||||
Net Assets Consist of: | ||||||||||||||||||||||||
Capital | $ | 95,388 | $ | 631,443 | $ | 90,661 | $ | 488,829 | $ | 63,713 | $ | 209,808 | ||||||||||||
Accumulated Net Investment Income (Loss) | 763 | 1,245 | 40 | 302 | 30 | (21 | ) | |||||||||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Swaps and Foreign Currency Transactions | (7,237 | ) | (4,543 | ) | (2,285 | ) | (5,077 | ) | (1,252 | ) | (434 | ) | ||||||||||||
Net Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies | (330 | ) | 2,615 | (524 | ) | 15,634 | 413 | 4,487 | ||||||||||||||||
Total Net Assets | $ | 88,584 | $ | 630,760 | $ | 87,892 | $ | 499,688 | $ | 62,904 | $ | 213,840 | ||||||||||||
Net Assets: | ||||||||||||||||||||||||
I Shares | $ | 62,581 | $ | 630,451 | $ | 87,892 | $ | 491,970 | $ | 62,904 | $ | 204,507 | ||||||||||||
A Shares | 1,226 | 269 | N/A | 3,496 | N/A | 6,232 | ||||||||||||||||||
C Shares | 24,777 | 40 | N/A | 4,222 | N/A | 3,101 | ||||||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||||||
I Shares | 6,518 | 62,409 | 8,866 | 46,454 | 6,274 | 20,262 | ||||||||||||||||||
A Shares | 127 | 26 | N/A | 330 | N/A | 617 | ||||||||||||||||||
C Shares | 2,579 | 4 | N/A | 399 | N/A | 307 | ||||||||||||||||||
Net Asset Value and Redemption Price Per Share:(a) | ||||||||||||||||||||||||
I Shares | $ | 9.60 | $ | 10.10 | $ | 9.91 | $ | 10.59 | $ | 10.03 | $ | 10.09 | ||||||||||||
A Shares | 9.64 | 10.40 | N/A | 10.59 | N/A | 10.09 | ||||||||||||||||||
C Shares(b) | 9.61 | 10.10 | N/A | 10.59 | N/A | 10.09 | ||||||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent): | ||||||||||||||||||||||||
I Shares | $ | 9.60 | $ | 10.10 | $ | 9.91 | $ | 10.59 | $ | 10.03 | $ | 10.09 | ||||||||||||
A Shares | 10.12 | 10.92 | N/A | 11.12 | N/A | 10.59 | ||||||||||||||||||
C Shares | 9.61 | 10.10 | N/A | 10.59 | N/A | 10.09 | ||||||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | N/A | 4.75 | % | N/A | 4.75 | % |
* | Investments include securities on loan of $6,289, $54,487, $832 and $147,151, $— and $—, respectively. | |
(a) | Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding. | |
(b) | Redemption price per share varies based on length of time shares are held. |
190
U.S. | ||||||||||||||||||||
Prime | Government | U.S. | Virginia | |||||||||||||||||
Quality | Tax-Exempt | Securities | Treasury | Tax-Free | ||||||||||||||||
Money | Money | Money | Money | Money | ||||||||||||||||
Market | Market | Market | Market | Market | ||||||||||||||||
Fund | Fund | Fund | Fund | Fund | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $ | 10,402,465 | $ | 2,180,913 | $ | 2,444,501 | $ | 1,348,331 | $ | 710,977 | ||||||||||
Investments, at Value | $ | 9,861,279 | $ | 2,180,913 | $ | 718,816 | $ | 357,308 | $ | 710,977 | ||||||||||
Investments in Affiliates, at Value and Cost | 167,999 | — | — | — | — | |||||||||||||||
Repurchase Agreements, at Value and Cost | 373,187 | — | 1,725,685 | 991,023 | — | |||||||||||||||
Total Investments | 10,402,465 | 2,180,913 | 2,444,501 | 1,348,331 | 710,977 | |||||||||||||||
Cash | — | — | — | 3 | — | |||||||||||||||
Interest and Dividends Receivable | 23,512 | 8,323 | 2,665 | 168 | 3,097 | |||||||||||||||
Interest Receivable from Affiliated Investments | 581 | — | — | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 15,949 | 896 | 562 | 90 | 789 | |||||||||||||||
Receivable for Investment Securities Sold | — | 9,515 | — | — | — | |||||||||||||||
Receivable from Adviser | — | — | — | 75 | — | |||||||||||||||
Prepaid Expenses | 20 | 5 | 5 | 3 | 5 | |||||||||||||||
Total Assets | 10,442,527 | 2,199,652 | 2,447,733 | 1,348,670 | 714,868 | |||||||||||||||
Liabilities: | ||||||||||||||||||||
Income Distributions Payable | 24,484 | 3,494 | 4,587 | 1,269 | 1,247 | |||||||||||||||
Payable for Investment Securities Purchased | 50,000 | 31,262 | — | 114,920 | 100 | |||||||||||||||
Investment Advisory Fees Payable | 4,232 | 786 | 1,089 | 574 | 241 | |||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees Payable | 16 | 14 | 13 | 5 | 5 | |||||||||||||||
Compliance Services Fees Payable | 34 | 6 | 2 | 5 | 2 | |||||||||||||||
Distribution and Service Fees Payable | 836 | 73 | 39 | 12 | 54 | |||||||||||||||
Custodian Fees Payable | 43 | 7 | 2 | 5 | 3 | |||||||||||||||
Trustee Fees Payable | 63 | 11 | 5 | 9 | 4 | |||||||||||||||
Other Fees Payable | 561 | 94 | 52 | 77 | 33 | |||||||||||||||
Total Liabilities | 80,269 | 35,747 | 5,789 | 116,876 | 1,689 | |||||||||||||||
Total Net Assets | $ | 10,362,258 | $ | 2,163,905 | $ | 2,441,944 | $ | 1,231,794 | $ | 713,179 | ||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $ | 10,364,488 | $ | 2,163,986 | $ | 2,441,962 | $ | 1,231,895 | $ | 713,111 | ||||||||||
Accumulated Net Investment Income (Loss) | 33 | 27 | (18 | ) | 80 | 13 | ||||||||||||||
Accumulated Net Realized Gain (Loss) from Investment Transactions | (2,263 | ) | (108 | ) | — | (181 | ) | 55 | ||||||||||||
Total Net Assets | $ | 10,362,258 | $ | 2,163,905 | $ | 2,441,944 | $ | 1,231,794 | $ | 713,179 | ||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $ | 3,834,993 | $ | 1,573,560 | $ | 2,108,351 | $ | 1,130,334 | $ | 294,937 | ||||||||||
A Shares | 6,523,136 | 590,345 | 333,593 | 101,460 | 418,242 | |||||||||||||||
C Shares | 4,129 | N/A | N/A | N/A | N/A | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value): | ||||||||||||||||||||
I Shares | 3,835,841 | 1,573,589 | 2,108,365 | 1,130,436 | 294,909 | |||||||||||||||
A Shares | 6,524,516 | 590,397 | 333,598 | 101,459 | 418,201 | |||||||||||||||
C Shares | 4,131 | N/A | N/A | N/A | N/A | |||||||||||||||
Net Asset Value, Offering and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||
A Shares | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |||||||||||||||
C Shares(a) | 1.00 | N/A | N/A | N/A | N/A |
(a) | Redemption price per share varies based on length of time shares are held. |
191
Investment | ||||||||||||||||||||||||||||
Georgia Tax- | High Grade | Investment | Grade | Limited | ||||||||||||||||||||||||
Exempt Bond | Municipal | High Income | Intermediate | Grade Bond | Tax-Exempt | Duration | ||||||||||||||||||||||
Fund | Bond Fund | Fund | Bond Fund | Fund | Bond Fund | Fund | ||||||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||||||
Interest Income | $ | 7,110 | $ | 6,693 | $ | 5,597 | $ | 25,273 | $ | 20,085 | $ | 18,663 | $ | 2,169 | ||||||||||||||
Dividend Income | 87 | 382 | — | — | — | 1,070 | — | |||||||||||||||||||||
Dividend Income from Affiliated Investment Companies | — | — | 62 | 1,124 | 561 | — | 130 | |||||||||||||||||||||
Net Income from Securities Lending | — | — | 83 | 1,549 | 662 | — | — | |||||||||||||||||||||
Total Investment Income | 7,197 | 7,075 | 5,742 | 27,946 | 21,308 | 19,733 | 2,299 | |||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||
Investment Advisory Fees | 898 | 961 | 387 | 1,360 | 1,986 | 2,536 | 44 | |||||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 44 | 46 | 31 | 156 | 128 | 144 | 17 | |||||||||||||||||||||
Compliance Services Fees | 2 | 2 | 1 | 9 | 6 | 7 | 1 | |||||||||||||||||||||
Distribution and Service Fees — A Shares | 7 | 4 | 2 | 2 | 46 | 33 | — | |||||||||||||||||||||
Distribution and Service Fees — C Shares | 59 | 58 | 247 | — | 84 | 65 | — | |||||||||||||||||||||
Custodian Fees | 5 | 5 | 10 | 23 | 23 | 13 | 7 | |||||||||||||||||||||
Printing Fees | 6 | 5 | 4 | 22 | 16 | 21 | 2 | |||||||||||||||||||||
Registration Fees | 9 | 38 | 13 | 8 | 27 | 41 | 3 | |||||||||||||||||||||
Trustees’ Fees | 3 | 3 | 1 | 13 | 9 | 10 | 1 | |||||||||||||||||||||
Interest Expense | — | 76 | — | — | — | 76 | — | |||||||||||||||||||||
Other Fees | 11 | 10 | 14 | 42 | 23 | 40 | 2 | |||||||||||||||||||||
Total Expenses | 1,044 | 1,208 | 710 | 1,635 | 2,348 | 2,986 | 77 | |||||||||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | (5 | ) | — | (1 | ) | — | — | — | — | |||||||||||||||||||
Less: Administration Fees Waived | (14 | ) | (2 | ) | (8 | ) | (23 | ) | (4 | ) | (5 | ) | — | |||||||||||||||
Net Expenses | 1,025 | 1,206 | 701 | 1,612 | 2,344 | 2,981 | 77 | |||||||||||||||||||||
Net Investment Income (Loss) | 6,172 | 5,869 | 5,041 | 26,334 | 18,964 | 16,752 | 2,222 | |||||||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies: | ||||||||||||||||||||||||||||
Net Realized Gain (Loss) from Investments, Swaps and Foreign Currency Transactions | (1,435 | ) | (581 | ) | (4,003 | ) | 8,553 | 4,673 | 3,587 | (16 | ) | |||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies | (3,963 | ) | (969 | ) | (3,721 | ) | 12,231 | 4,363 | 3,642 | (590 | ) | |||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies | (5,398 | ) | (1,550 | ) | (7,724 | ) | 20,784 | 9,036 | 7,229 | (606 | ) | |||||||||||||||||
Change in Net Assets from Operations | $ | 774 | $ | 4,319 | $ | (2,683 | ) | $ | 47,118 | $ | 28,000 | $ | 23,981 | $ | 1,616 | |||||||||||||
192
Limited-Term | ||||||||||||||||||||||||||||
Federal | North | Short-Term | ||||||||||||||||||||||||||
Mortgage | Maryland | Carolina Tax- | Seix Floating | U.S. Treasury | ||||||||||||||||||||||||
Securities | Municipal | Exempt Bond | Rate High | Seix High | Short-Term | Securities | ||||||||||||||||||||||
Fund | Bond Fund | Fund | Income Fund | Yield Fund | Bond Fund | Fund | ||||||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||||||
Interest Income | $ | 7,514 | $ | 1,662 | $ | 1,793 | $ | 52,376 | $ | 70,197 | $ | 18,228 | $ | 3,131 | ||||||||||||||
Dividend Income | — | 33 | 44 | 4 | — | 6 | 49 | |||||||||||||||||||||
Dividend Income from Affiliated Investment Companies | 531 | — | — | 749 | 617 | 371 | — | |||||||||||||||||||||
Net Income from Securities Lending | 6 | — | — | — | 619 | 344 | 178 | |||||||||||||||||||||
Total Investment Income | 8,051 | 1,695 | 1,837 | 53,129 | 71,433 | 18,949 | 3,358 | |||||||||||||||||||||
Expenses: | ||||||||||||||||||||||||||||
Investment Advisory Fees | 779 | 218 | 235 | 3,012 | 3,843 | 1,510 | 285 | |||||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 47 | 12 | 12 | 197 | 279 | 108 | 23 | |||||||||||||||||||||
Compliance Services Fees | 2 | 1 | 1 | 19 | 14 | 6 | 1 | |||||||||||||||||||||
Distribution and Service Fees — A Shares | 6 | — | 1 | 27 | 64 | 7 | 7 | |||||||||||||||||||||
Distribution and Service Fees — C Shares | 125 | 63 | — | 1 | 46 | 39 | 96 | |||||||||||||||||||||
Custodian Fees | 14 | 2 | 2 | 33 | 32 | 22 | 2 | |||||||||||||||||||||
Printing Fees | 7 | 2 | 2 | 40 | 34 | 16 | 4 | |||||||||||||||||||||
Registration Fees | 27 | 6 | 6 | 33 | 35 | 25 | 21 | |||||||||||||||||||||
Trustees’ Fees | 3 | 1 | 1 | 27 | 18 | 8 | 2 | |||||||||||||||||||||
Other Fees | 16 | 4 | 2 | 111 | 70 | 20 | 9 | |||||||||||||||||||||
Total Expenses | 1,026 | 309 | 262 | 3,500 | 4,435 | 1,761 | 450 | |||||||||||||||||||||
Less: Administration Fees Waived | (2 | ) | — | — | (7 | ) | (18 | ) | (4 | ) | (8 | ) | ||||||||||||||||
Net Expenses | 1,024 | 309 | 262 | 3,493 | 4,417 | 1,757 | 442 | |||||||||||||||||||||
Net Investment Income (Loss) | 7,027 | 1,386 | 1,575 | 49,636 | 67,016 | 17,192 | 2,916 | |||||||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Futures Transactions: | ||||||||||||||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Futures Transactions | (1,816 | ) | (116 | ) | (609 | ) | (25,168 | ) | (49,258 | ) | 2,527 | 286 | ||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Futures Transactions | 1,945 | (574 | ) | (889 | ) | (53,643 | ) | (39,042 | ) | 523 | 2,596 | |||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Futures Transactions | 129 | (690 | ) | (1,498 | ) | (78,811 | ) | (88,300 | ) | 3,050 | 2,882 | |||||||||||||||||
Change in Net Assets from Operations | $ | 7,156 | $ | 696 | $ | 77 | $ | (29,175 | ) | $ | (21,284 | ) | $ | 20,242 | $ | 5,798 | ||||||||||||
193
U.S. | ||||||||||||||||||||||||
U.S. | Government | Virginia | ||||||||||||||||||||||
Government | Securities | Intermediate | ||||||||||||||||||||||
Strategic | Total Return | Ultra-Short | Securities | Ultra-Short | Municipal | |||||||||||||||||||
Income Fund | Bond Fund | Bond Fund | Fund | Bond Fund | Bond Fund | |||||||||||||||||||
Investment Income: | ||||||||||||||||||||||||
Interest Income | $ | 6,912 | $ | 31,937 | $ | 4,085 | $ | 28,548 | $ | 1,934 | $ | 9,063 | ||||||||||||
Dividend Income | 11 | — | 12 | — | 50 | 85 | ||||||||||||||||||
Dividend Income from Affiliated Investment Companies | 54 | 1,215 | 100 | 1,234 | — | — | ||||||||||||||||||
Net Income from Securities Lending | 162 | 697 | 2 | 1,053 | 1 | — | ||||||||||||||||||
Total Investment Income | 7,139 | 33,849 | 4,199 | 30,835 | 1,985 | 9,148 | ||||||||||||||||||
Expenses: | ||||||||||||||||||||||||
Investment Advisory Fees | 627 | 1,545 | 184 | 2,824 | 86 | 1,187 | ||||||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 39 | 183 | 33 | 152 | 16 | 59 | ||||||||||||||||||
Compliance Services Fees | 1 | 10 | 1 | 9 | 1 | 4 | ||||||||||||||||||
Distribution and Service Fees — A Shares | 4 | 1 | — | 11 | — | 9 | ||||||||||||||||||
Distribution and Service Fees — C Shares | 288 | — | — | 45 | — | 31 | ||||||||||||||||||
Custodian Fees | 29 | 41 | 23 | 24 | 14 | 8 | ||||||||||||||||||
Printing Fees | 4 | 21 | 12 | 21 | 2 | 9 | ||||||||||||||||||
Registration Fees | 24 | 10 | 13 | 28 | 12 | 10 | ||||||||||||||||||
Trustees’ Fees | 2 | 13 | 2 | 13 | 1 | 5 | ||||||||||||||||||
Other Fees | 11 | 29 | 11 | 31 | 10 | 12 | ||||||||||||||||||
Total Expenses | 1,029 | 1,853 | 279 | 3,158 | 142 | 1,334 | ||||||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | (3 | ) | — | (1 | ) | — | (15 | ) | — | |||||||||||||||
Less: Administration Fees Waived | (13 | ) | (7 | ) | (28 | ) | (6 | ) | (8 | ) | (5 | ) | ||||||||||||
Net Expenses | 1,013 | 1,846 | 250 | 3,152 | 119 | 1,329 | ||||||||||||||||||
Net Investment Income (Loss) | 6,126 | 32,003 | 3,949 | 27,683 | 1,866 | 7,819 | ||||||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies: | ||||||||||||||||||||||||
Net Realized Gain (Loss) from Investments, Swaps and Foreign Currency Transactions | (1,084 | ) | 5,965 | 100 | 4,039 | 123 | (348 | ) | ||||||||||||||||
Net Change in Unrealized Appreciation/ Depreciation on Investments, Swaps and Foreign Currencies | (1,934 | ) | 3,710 | (864 | ) | 13,983 | 267 | (139 | ) | |||||||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies | (3,018 | ) | 9,675 | (764 | ) | 18,022 | 390 | (487 | ) | |||||||||||||||
Change in Net Assets from Operations | $ | 3,108 | $ | 41,678 | $ | 3,185 | $ | 45,705 | $ | 2,256 | $ | 7,332 | ||||||||||||
194
U.S. | ||||||||||||||||||||
Government | ||||||||||||||||||||
Prime Quality | Tax-Exempt | Securities | U.S. Treasury | Virginia Tax- | ||||||||||||||||
Money | Money | Money | Money | Free Money | ||||||||||||||||
Market Fund | Market Fund | Market Fund | Market Fund | Market Fund | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $ | 453,825 | $ | 63,755 | $ | 52,471 | $ | 46,803 | $ | 21,415 | ||||||||||
Interest Recovery Payments by Affiliate | 15,975 | — | — | — | — | |||||||||||||||
Interest Income from Affiliated Investments | 3,927 | — | — | — | — | |||||||||||||||
Dividend Income | 18,557 | 2,907 | 443 | 50 | 1,484 | |||||||||||||||
Total Investment Income | 492,284 | 66,662 | 52,914 | 46,853 | 22,899 | |||||||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 48,301 | 8,773 | 6,615 | 6,209 | 2,741 | |||||||||||||||
Administration, Fund Accounting and Transfer Agency Fees | 2,520 | 526 | 305 | 286 | 186 | |||||||||||||||
Compliance Services Fees | 154 | 28 | 12 | 21 | 10 | |||||||||||||||
Distribution and Service Fees — A Shares | 9,679 | 954 | 433 | 88 | 614 | |||||||||||||||
Distribution and Service Fees — C Shares | 10 | — | — | — | — | |||||||||||||||
Custodian Fees | 157 | 29 | 9 | 17 | 11 | |||||||||||||||
Printing Fees | 528 | 86 | 35 | 55 | 27 | |||||||||||||||
Registration Fees | 45 | 25 | 22 | 18 | 24 | |||||||||||||||
Trustees’ Fees | 212 | 39 | 16 | 29 | 14 | |||||||||||||||
Other Fees | 513 | 84 | 68 | 80 | 32 | |||||||||||||||
Total Expenses | 62,119 | 10,544 | 7,515 | 6,803 | 3,659 | |||||||||||||||
Less: Investment Advisory Fees Waived/Reimbursed | — | — | — | (75 | ) | — | ||||||||||||||
Less: Administration Fees Waived | (106 | ) | (21 | ) | (13 | ) | (34 | ) | (7 | ) | ||||||||||
Net Expenses | 62,013 | 10,523 | 7,502 | 6,694 | 3,652 | |||||||||||||||
Net Investment Income (Loss) | 430,271 | 56,139 | 45,412 | 40,159 | 19,247 | |||||||||||||||
Net Realized Gain (Loss) on Investments: | ||||||||||||||||||||
Net Realized Gain (Loss) from Investment Transactions | (10,540 | ) | 51 | 2 | 31 | 147 | ||||||||||||||
Net Increase from Payments by Affiliate | 8,277 | — | — | — | — | |||||||||||||||
Net Realized Gain (Loss) on Investments | (2,263 | ) | 51 | 2 | 31 | 147 | ||||||||||||||
Change in Net Assets from Operations | $ | 428,008 | $ | 56,190 | $ | 45,414 | $ | 40,190 | $ | 19,394 | ||||||||||
195
Georgia Tax-Exempt Bond Fund | High Grade Municipal Bond Fund | High Income Fund | Intermediate Bond Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 6,172 | $ | 5,179 | $ | 5,869 | $ | 5,814 | $ | 5,041 | $ | 5,507 | $ | 26,334 | $ | 3,747 | ||||||||||||||||
Net Realized Gain (Loss) from Investments, Swaps and Foreign Currency Transactions | (1,435 | ) | (111 | ) | (581 | ) | 566 | (4,003 | ) | 2,975 | 8,553 | (424 | ) | |||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies | (3,963 | ) | 1,537 | (969 | ) | 1,264 | (3,721 | ) | 992 | 12,231 | 1,667 | |||||||||||||||||||||
Change in Net Assets from Operations | 774 | 6,605 | 4,319 | 7,644 | (2,683 | ) | 9,474 | 47,118 | 4,990 | |||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (5,445 | ) | (5,083 | ) | (5,652 | ) | (5,498 | ) | (3,235 | ) | (3,270 | ) | (26,458 | ) | (3,775 | ) | ||||||||||||||||
A Shares | (150 | ) | (129 | ) | (78 | ) | (132 | ) | (65 | ) | (38 | ) | (32 | ) | — | |||||||||||||||||
C Shares | (150 | ) | (226 | ) | (139 | ) | (181 | ) | (1,813 | ) | (2,265 | ) | — | (2 | ) | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||||||
I Shares | — | (102 | ) | (415 | ) | (244 | ) | (687 | ) | — | (646 | ) | — | |||||||||||||||||||
A Shares | — | (3 | ) | (6 | ) | (6 | ) | (18 | ) | — | (1 | ) | — | |||||||||||||||||||
C Shares | �� | — | (5 | ) | (14 | ) | (11 | ) | (430 | ) | — | — | — | |||||||||||||||||||
Total Dividends and Distributions | (5,745 | ) | (5,548 | ) | (6,304 | ) | (6,072 | ) | (6,248 | ) | (5,573 | ) | (27,137 | ) | (3,777 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | 31,066 | 22,321 | 10,196 | (7,498 | ) | (11,258 | ) | (4,961 | ) | 699,504 | 14,770 | |||||||||||||||||||||
Change in Net Assets | 26,095 | 23,378 | 8,211 | (5,926 | ) | (20,189 | ) | (1,060 | ) | 719,485 | 15,983 | |||||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 152,585 | 129,207 | 173,275 | 179,201 | 72,169 | 73,229 | 94,242 | 78,259 | ||||||||||||||||||||||||
End of Period | $ | 178,680 | $ | 152,585 | $ | 181,486 | $ | 173,275 | $ | 51,980 | $ | 72,169 | $ | 813,727 | $ | 94,242 | ||||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 190 | $ | (237 | ) | $ | (7 | ) | $ | (8 | ) | $ | (45 | ) | $ | 2 | $ | 1,528 | $ | (90 | ) | |||||||||||
196
Georgia Tax-Exempt Bond Fund | High Grade Municipal Bond Fund | High Income Fund | Intermediate Bond Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 64,102 | $ | 45,378 | $ | 56,199 | $ | 45,498 | $ | 17,711 | $ | 18,813 | $ | 768,551 | $ | 14,152 | ||||||||||||||||
Proceeds from Shares Issued in Acquisition | — | — | — | — | — | — | — | 33,738 | ||||||||||||||||||||||||
Dividends Reinvested | 396 | 463 | 569 | 475 | 1,788 | 1,332 | 4,243 | 2,419 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (32,853 | ) | (20,275 | ) | (44,618 | ) | (49,059 | ) | (26,276 | ) | (16,322 | ) | (73,892 | ) | (35,571 | ) | ||||||||||||||||
Change in Net Assets from I Shares | 31,645 | 25,566 | 12,150 | (3,086 | ) | (6,777 | ) | 3,823 | 698,902 | 14,738 | ||||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 2,715 | 447 | 645 | 442 | 1,127 | 403 | 1,931 | 100 | ||||||||||||||||||||||||
Dividends Reinvested | 64 | 73 | 47 | 87 | 50 | 28 | 23 | — | ||||||||||||||||||||||||
Cost of Shares Redeemed | (2,083 | ) | (659 | ) | (1,069 | ) | (2,809 | ) | (697 | ) | (363 | ) | (1,360 | ) | — | |||||||||||||||||
Change in Net Assets from A Shares | 696 | (139 | ) | (377 | ) | (2,280 | ) | 480 | 68 | 594 | 100 | |||||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 2 | 14 | 3 | 6 | 498 | 743 | 9 | 1 | ||||||||||||||||||||||||
Dividends Reinvested | 130 | 199 | 93 | 129 | 1,522 | 1,481 | — | 2 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (1,407 | ) | (3,319 | ) | (1,673 | ) | (2,267 | ) | (6,981 | ) | (11,076 | ) | (1 | ) | (71 | ) | ||||||||||||||||
Change in Net Assets from C Shares | (1,275 | ) | (3,106 | ) | (1,577 | ) | (2,132 | ) | (4,961 | ) | (8,852 | ) | 8 | (68 | ) | |||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 31,066 | $ | 22,321 | $ | 10,196 | $ | (7,498 | ) | $ | (11,258 | ) | $ | (4,961 | ) | $ | 699,504 | $ | 14,770 | |||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 6,331 | 4,438 | 5,186 | 4,182 | 2,494 | 2,625 | 76,482 | 1,433 | ||||||||||||||||||||||||
Issued in Acquisition | — | — | — | — | — | — | — | 3,409 | ||||||||||||||||||||||||
Reinvested | 39 | 45 | 52 | 43 | 260 | 187 | 420 | 244 | ||||||||||||||||||||||||
Redeemed | (3,246 | ) | (1,982 | ) | (4,110 | ) | (4,513 | ) | (3,793 | ) | (2,271 | ) | (7,350 | ) | (3,574 | ) | ||||||||||||||||
Change in I Shares | 3,124 | 2,501 | 1,128 | (288 | ) | (1,039 | ) | 541 | 69,552 | 1,512 | ||||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | 268 | 44 | 60 | 41 | 159 | 57 | 194 | 11 | ||||||||||||||||||||||||
Reinvested | 6 | 7 | 4 | 8 | 7 | 4 | 2 | — | ||||||||||||||||||||||||
Redeemed | (206 | ) | (65 | ) | (98 | ) | (258 | ) | (102 | ) | (51 | ) | (135 | ) | — | |||||||||||||||||
Change in A Shares | 68 | (14 | ) | (34 | ) | (209 | ) | 64 | 10 | 61 | 11 | |||||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | — | 3 | — | — | 70 | 103 | 1 | — | ||||||||||||||||||||||||
Reinvested | 13 | 19 | 9 | 12 | 221 | 208 | — | — | ||||||||||||||||||||||||
Redeemed | (139 | ) | (327 | ) | (154 | ) | (208 | ) | (1,003 | ) | (1,566 | ) | — | (7 | ) | |||||||||||||||||
Change in C Shares | (126 | ) | (305 | ) | (145 | ) | (196 | ) | (712 | ) | (1,255 | ) | 1 | (7 | ) | |||||||||||||||||
Change in Shares | 3,066 | 2,182 | 949 | (693 | ) | (1,687 | ) | (704 | ) | 69,614 | 1,516 | |||||||||||||||||||||
197
Investment Grade | Limited-Term Federal | |||||||||||||||||||||||||||||||
Tax-Exempt | Mortgage | |||||||||||||||||||||||||||||||
Investment Grade Bond Fund | Bond Fund | Limited Duration Fund | Securities Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 18,964 | $ | 21,059 | $ | 16,752 | $ | 11,730 | $ | 2,222 | $ | 3,661 | $ | 7,027 | $ | 17,597 | ||||||||||||||||
Net Realized Gain (Loss) from Investments, Swaps and Foreign Currency Transactions | 4,673 | (8,199 | ) | 3,587 | 2,189 | (16 | ) | (49 | ) | (1,816 | ) | (2,755 | ) | |||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies | 4,363 | 12,152 | 3,642 | 1,681 | (590 | ) | 10 | 1,945 | 6,234 | |||||||||||||||||||||||
Change in Net Assets from Operations | 28,000 | 25,012 | 23,981 | 15,600 | 1,616 | 3,622 | 7,156 | 21,076 | ||||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (18,159 | ) | (20,144 | ) | (16,266 | ) | (11,086 | ) | (2,185 | ) | (3,639 | ) | (6,967 | ) | (18,020 | ) | ||||||||||||||||
A Shares | (708 | ) | (818 | ) | (336 | ) | (442 | ) | N/A | N/A | (152 | ) | (172 | ) | ||||||||||||||||||
C Shares | (323 | ) | (410 | ) | (151 | ) | (197 | ) | N/A | N/A | (505 | ) | (605 | ) | ||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||||||
I Shares | — | — | (1,323 | ) | (1,246 | ) | — | (9 | ) | — | — | |||||||||||||||||||||
A Shares | — | — | (28 | ) | (53 | ) | N/A | N/A | — | — | ||||||||||||||||||||||
C Shares | — | — | (16 | ) | (29 | ) | N/A | N/A | — | — | ||||||||||||||||||||||
Total Dividends and Distributions | (19,190 | ) | (21,372 | ) | (18,120 | ) | (13,053 | ) | (2,185 | ) | (3,648 | ) | (7,624 | ) | (18,797 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | (21,242 | ) | (97,708 | ) | 127,864 | 99,451 | 3,787 | (18,570 | ) | (341,245 | ) | 44,039 | ||||||||||||||||||||
Change in Net Assets | (12,432 | ) | (94,068 | ) | 133,725 | 101,998 | 3,218 | (18,596 | ) | (341,713 | ) | 46,318 | ||||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 419,746 | 513,814 | 429,450 | 327,452 | 40,291 | 58,887 | 440,819 | 394,501 | ||||||||||||||||||||||||
End of Period | $ | 407,314 | $ | 419,746 | $ | 563,175 | $ | 429,450 | $ | 43,509 | $ | 40,291 | $ | 99,106 | $ | 440,819 | ||||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 952 | $ | (64 | ) | $ | (154 | ) | $ | (153 | ) | $ | — | $ | — | $ | 130 | $ | 516 | |||||||||||||
198
Investment Grade | Limited-Term Federal | |||||||||||||||||||||||||||||||
Tax-Exempt | Mortgage | |||||||||||||||||||||||||||||||
Investment Grade Bond Fund | Bond Fund | Limited Duration Fund | Securities Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 126,591 | $ | 95,825 | $ | 250,079 | $ | 177,333 | $ | 14,306 | $ | 95,403 | $ | 16,759 | $ | 140,799 | ||||||||||||||||
Dividends Reinvested | 10,207 | 9,341 | 6,421 | 3,090 | 1,558 | 3,116 | 2,221 | 3,374 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (154,150 | ) | (194,380 | ) | (126,339 | ) | (73,281 | ) | (12,077 | ) | (117,089 | ) | (355,644 | ) | (93,590 | ) | ||||||||||||||||
Change in Net Assets from I Shares | (17,352 | ) | (89,214 | ) | 130,161 | 107,142 | 3,787 | (18,570 | ) | (336,664 | ) | 50,583 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 3,215 | 3,811 | 585 | 1,353 | N/A | N/A | 946 | 2,051 | ||||||||||||||||||||||||
Dividends Reinvested | 628 | 738 | 247 | 368 | N/A | N/A | 132 | 145 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (6,229 | ) | (8,403 | ) | (1,795 | ) | (6,313 | ) | N/A | N/A | (1,943 | ) | (3,076 | ) | ||||||||||||||||||
Change in Net Assets from A Shares | (2,386 | ) | (3,854 | ) | (963 | ) | (4,592 | ) | N/A | N/A | (865 | ) | (880 | ) | ||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 304 | 118 | 9 | 54 | N/A | N/A | 41 | 54 | ||||||||||||||||||||||||
Dividends Reinvested | 287 | 364 | 129 | 178 | N/A | N/A | 426 | 508 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (2,095 | ) | (5,122 | ) | (1,472 | ) | (3,331 | ) | N/A | N/A | (4,183 | ) | (6,226 | ) | ||||||||||||||||||
Change in Net Assets from C Shares | (1,504 | ) | (4,640 | ) | (1,334 | ) | (3,099 | ) | N/A | N/A | (3,716 | ) | (5,664 | ) | ||||||||||||||||||
Change in Net Assets from Capital Transactions | $ | (21,242 | ) | $ | (97,708 | ) | $ | 127,864 | $ | 99,451 | $ | 3,787 | $ | (18,570 | ) | $ | (341,245 | ) | $ | 44,039 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 11,942 | 9,174 | 21,771 | 15,472 | 1,434 | 9,552 | 1,694 | 14,229 | ||||||||||||||||||||||||
Reinvested | 965 | 896 | 559 | 269 | 156 | 312 | 224 | 341 | ||||||||||||||||||||||||
Redeemed | (14,624 | ) | (18,678 | ) | (10,982 | ) | (6,401 | ) | (1,215 | ) | (11,726 | ) | (35,833 | ) | (9,468 | ) | ||||||||||||||||
Change in I Shares | (1,717 | ) | (8,608 | ) | 11,348 | 9,340 | 375 | (1,862 | ) | (33,915 | ) | 5,102 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | 306 | 366 | 51 | 119 | N/A | N/A | 96 | 208 | ||||||||||||||||||||||||
Reinvested | 59 | 71 | 22 | 31 | N/A | N/A | 13 | 15 | ||||||||||||||||||||||||
Redeemed | (591 | ) | (807 | ) | (157 | ) | (550 | ) | N/A | N/A | (197 | ) | (312 | ) | ||||||||||||||||||
Change in A Shares | (226 | ) | (370 | ) | (84 | ) | (400 | ) | N/A | N/A | (88 | ) | (89 | ) | ||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | 29 | 10 | 1 | 5 | N/A | N/A | 4 | 5 | ||||||||||||||||||||||||
Reinvested | 27 | 35 | 11 | 16 | N/A | N/A | 43 | 52 | ||||||||||||||||||||||||
Redeemed | (198 | ) | (492 | ) | (128 | ) | (292 | ) | N/A | N/A | (421 | ) | (630 | ) | ||||||||||||||||||
Change in C Shares | (142 | ) | (447 | ) | (116 | ) | (271 | ) | N/A | N/A | (374 | ) | (573 | ) | ||||||||||||||||||
Change in Shares | (2,085 | ) | (9,425 | ) | 11,148 | 8,669 | 375 | (1,862 | ) | (34,377 | ) | 4,440 | ||||||||||||||||||||
199
Maryland Municipal | North Carolina Tax- | Seix Floating Rate High | ||||||||||||||||||||||||||||||
Bond Fund | Exempt Bond Fund | Income Fund | Seix High Yield Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 1,386 | $ | 1,360 | $ | 1,575 | $ | 1,539 | $ | 49,636 | $ | 29,105 | $ | 67,016 | $ | 85,471 | ||||||||||||||||
Net Realized Gain (Loss) from Investments and Swaps | (116 | ) | 62 | (609 | ) | 40 | (25,168 | ) | 2,204 | (49,258 | ) | (6,489 | ) | |||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments and Swaps | (574 | ) | 307 | (889 | ) | 606 | (53,643 | ) | 2,172 | (39,042 | ) | 24,870 | ||||||||||||||||||||
Change in Net Assets from Operations | 696 | 1,729 | 77 | 2,185 | (29,175 | ) | 33,481 | (21,284 | ) | 103,852 | ||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (1,217 | ) | (1,133 | ) | (1,546 | ) | (1,519 | ) | (48,930 | ) | (29,505 | ) | (65,571 | ) | (83,349 | ) | ||||||||||||||||
A Shares | (2 | ) | (10 | ) | (29 | ) | (19 | ) | (637 | ) | (309 | ) | (1,990 | ) | (2,198 | ) | ||||||||||||||||
C Shares | (167 | ) | (216 | ) | — | — | (9 | ) | — | (312 | ) | (320 | ) | |||||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||||||||||
I Shares | (19 | ) | (113 | ) | — | — | (1,465 | ) | (4 | ) | — | — | ||||||||||||||||||||
A Shares | — | — | — | — | (17 | ) | — | — | — | |||||||||||||||||||||||
C Shares | (3 | ) | (29 | ) | — | — | (1 | ) | — | — | — | |||||||||||||||||||||
Total Dividends and Distributions | (1,408 | ) | (1,501 | ) | (1,575 | ) | (1,538 | ) | (51,059 | ) | (29,818 | ) | (67,873 | ) | (85,867 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | 8,332 | (6,331 | ) | 276 | 2,993 | 47,072 | 483,109 | (373,448 | ) | (126,431 | ) | |||||||||||||||||||||
Change in Net Assets | 7,620 | (6,103 | ) | (1,222 | ) | 3,640 | (33,162 | ) | 486,772 | (462,605 | ) | (108,446 | ) | |||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 36,431 | 42,534 | 45,028 | 41,388 | 593,177 | 106,405 | 1,151,338 | 1,259,784 | ||||||||||||||||||||||||
End of Period | $ | 44,051 | $ | 36,431 | $ | 43,806 | $ | 45,028 | $ | 560,015 | $ | 593,177 | $ | 688,733 | $ | 1,151,338 | ||||||||||||||||
Accumulated Net Investment Gain (Loss), End of Period | $ | (41 | ) | $ | (41 | ) | $ | (63 | ) | $ | (63 | ) | $ | (85 | ) | $ | 29 | $ | (782 | ) | $ | 17 | ||||||||||
200
Maryland Municipal | North Carolina Tax- | Seix Floating Rate High | ||||||||||||||||||||||||||||||
Bond Fund | Exempt Bond Fund | Income Fund | Seix High Yield Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 17,043 | $ | 8,851 | $ | 14,056 | $ | 8,903 | $ | 415,063 | $ | 667,504 | $ | 227,317 | $ | 259,961 | ||||||||||||||||
Dividends Reinvested | 38 | 140 | 15 | 9 | 39,426 | 23,103 | 56,687 | 72,165 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (7,852 | ) | (12,346 | ) | (13,687 | ) | (6,700 | ) | (405,010 | ) | (217,739 | ) | (651,781 | ) | (450,506 | ) | ||||||||||||||||
Change in Net Assets from I Shares | 9,229 | (3,355 | ) | 384 | 2,212 | 49,479 | 472,868 | (367,777 | ) | (118,380 | ) | |||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 294 | 684 | 601 | 1,025 | 8,633 | 10,570 | 1,675 | 3,056 | ||||||||||||||||||||||||
Dividends Reinvested | 2 | 9 | 9 | 8 | 214 | 167 | 1,895 | 2,028 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (293 | ) | (1,156 | ) | (716 | ) | (252 | ) | (11,489 | ) | (496 | ) | (8,751 | ) | (12,227 | ) | ||||||||||||||||
Change in Net Assets from A Shares | 3 | (463 | ) | (106 | ) | 781 | (2,642 | ) | 10,241 | (5,181 | ) | (7,143 | ) | |||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 7 | 24 | — | — | 268 | — | 200 | 437 | ||||||||||||||||||||||||
Dividends Reinvested | 136 | 195 | — | — | 6 | — | 125 | 125 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (1,043 | ) | (2,732 | ) | (2 | ) | — | (39 | ) | — | (815 | ) | (1,470 | ) | ||||||||||||||||||
Change in Net Assets from C Shares | (900 | ) | (2,513 | ) | (2 | ) | — | 235 | — | (490 | ) | (908 | ) | |||||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 8,332 | $ | (6,331 | ) | $ | 276 | $ | 2,993 | $ | 47,072 | $ | 483,109 | $ | (373,448 | ) | $ | (126,431 | ) | |||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 1,680 | 868 | 1,427 | 893 | 43,054 | 67,266 | 21,570 | 24,404 | ||||||||||||||||||||||||
Reinvested | 4 | 14 | 1 | 1 | 4,143 | 2,329 | 5,468 | 6,769 | ||||||||||||||||||||||||
Redeemed | (777 | ) | (1,214 | ) | (1,383 | ) | (671 | ) | (43,415 | ) | (21,886 | ) | (62,214 | ) | (42,077 | ) | ||||||||||||||||
Change in I Shares | 907 | (332 | ) | 45 | 223 | 3,782 | 47,709 | (35,176 | ) | (10,904 | ) | |||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | 30 | 67 | 61 | 103 | 888 | 1,066 | 164 | 294 | ||||||||||||||||||||||||
Reinvested | — | 1 | 1 | — | 22 | 17 | 188 | 195 | ||||||||||||||||||||||||
Redeemed | (29 | ) | (113 | ) | (73 | ) | (25 | ) | (1,203 | ) | (50 | ) | (871 | ) | (1,176 | ) | ||||||||||||||||
Change in A Shares | 1 | (45 | ) | (11 | ) | 78 | (293 | ) | 1,033 | (519 | ) | (687 | ) | |||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | 1 | 4 | — | — | 27 | — | 20 | 42 | ||||||||||||||||||||||||
Reinvested | 13 | 19 | — | — | 1 | — | 12 | 12 | ||||||||||||||||||||||||
Redeemed | (103 | ) | (268 | ) | — | — | (4 | ) | — | (80 | ) | (139 | ) | |||||||||||||||||||
Change in C Shares | (89 | ) | (245 | ) | — | — | 24 | — | (48 | ) | (85 | ) | ||||||||||||||||||||
�� | ||||||||||||||||||||||||||||||||
Change in Shares | 819 | (622 | ) | 34 | 301 | 3,513 | 48,742 | (35,743 | ) | (11,676 | ) | |||||||||||||||||||||
201
Short-Term U.S. | ||||||||||||||||||||||||||||||||
Short-Term Bond Fund | Treasury Securities Fund | Strategic Income Fund | Total Return Bond Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 17,192 | $ | 15,575 | $ | 2,916 | $ | 2,719 | $ | 6,126 | $ | 8,876 | $ | 32,003 | $ | 27,234 | ||||||||||||||||
Net Realized Gain (Loss) from Investments, Swaps, Futures and Foreign Currency Transactions | 2,527 | (1,256 | ) | 286 | (733 | ) | (1,084 | ) | 1,505 | 5,965 | (2,496 | ) | ||||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies | 523 | 4,174 | 2,596 | 1,163 | (1,934 | ) | 3,394 | 3,710 | 8,248 | |||||||||||||||||||||||
Change in Net Assets from Operations | 20,242 | 18,493 | 5,798 | 3,149 | 3,108 | 13,775 | 41,678 | 32,986 | ||||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (16,862 | ) | (15,322 | ) | (2,447 | ) | (2,140 | ) | (4,654 | ) | (5,188 | ) | (32,040 | ) | (27,347 | ) | ||||||||||||||||
A Shares | (162 | ) | (174 | ) | (157 | ) | (157 | ) | (75 | ) | (58 | ) | (13 | ) | (22 | ) | ||||||||||||||||
C Shares | (139 | ) | (205 | ) | (312 | ) | (421 | ) | (1,517 | ) | (1,278 | ) | (1 | ) | (1 | ) | ||||||||||||||||
Tax Return of Capital: | ||||||||||||||||||||||||||||||||
I Shares | — | — | — | — | — | (2,196 | ) | — | — | |||||||||||||||||||||||
A Shares | — | — | — | — | — | (24 | ) | — | — | |||||||||||||||||||||||
C Shares | — | — | — | — | — | (541 | ) | — | — | |||||||||||||||||||||||
Total Dividends and Distributions | (17,163 | ) | (15,701 | ) | (2,916 | ) | (2,718 | ) | (6,246 | ) | (9,285 | ) | (32,054 | ) | (27,370 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | (40,176 | ) | 136,305 | 1,362 | (8,905 | ) | (29,098 | ) | (175,090 | ) | 19,107 | 98,162 | ||||||||||||||||||||
Change in Net Assets | (37,097 | ) | 139,097 | 4,244 | (8,474 | ) | (32,236 | ) | (170,600 | ) | 28,731 | 103,778 | ||||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 435,000 | 295,903 | 70,811 | 79,285 | 120,820 | 291,420 | 602,029 | 498,251 | ||||||||||||||||||||||||
End of Period | $ | 397,903 | $ | 435,000 | $ | 75,055 | $ | 70,811 | $ | 88,584 | $ | 120,820 | $ | 630,760 | $ | 602,029 | ||||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 26 | $ | 52 | $ | (1 | ) | $ | (1 | ) | $ | 763 | $ | (965 | ) | $ | 1,245 | $ | (648 | ) | ||||||||||||
202
Short-Term U.S. | ||||||||||||||||||||||||||||||||
Short-Term Bond Fund | Treasury Securities Fund | Strategic Income Fund | Total Return Bond Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 143,037 | $ | 229,055 | $ | 20,010 | $ | 9,435 | $ | 16,903 | $ | 24,224 | $ | 190,795 | $ | 204,181 | ||||||||||||||||
Proceeds from Shares Issued in Acquisition | — | — | — | — | — | — | — | 65,561 | ||||||||||||||||||||||||
Dividends Reinvested | 4,166 | 3,405 | 394 | 294 | 489 | 782 | 14,034 | 13,172 | ||||||||||||||||||||||||
Cost of Shares Redeemed | �� | (186,315 | ) | (89,715 | ) | (15,806 | ) | (9,587 | ) | (39,353 | ) | (184,717 | ) | (185,673 | ) | (184,578 | ) | |||||||||||||||
Change in Net Assets from I Shares | (39,112 | ) | 142,745 | 4,598 | 142 | (21,961 | ) | (159,711 | ) | 19,156 | 98,336 | |||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 1,760 | 2,096 | 402 | 281 | 798 | 783 | 29 | 196 | ||||||||||||||||||||||||
Dividends Reinvested | 120 | 137 | 121 | 124 | 50 | 61 | 9 | 12 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (1,886 | ) | (3,582 | ) | (850 | ) | (792 | ) | (740 | ) | (1,477 | ) | (97 | ) | (383 | ) | ||||||||||||||||
Change in Net Assets from A Shares | (6 | ) | (1,349 | ) | (327 | ) | (387 | ) | 108 | (633 | ) | (59 | ) | (175 | ) | |||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | 123 | 13 | 318 | 192 | 345 | 486 | 9 | — | ||||||||||||||||||||||||
Dividends Reinvested | 127 | 173 | 274 | 374 | 1,072 | 1,263 | 1 | 1 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (1,308 | ) | (5,277 | ) | (3,501 | ) | (9,226 | ) | (8,662 | ) | (16,495 | ) | — | — | ||||||||||||||||||
Change in Net Assets from C Shares | (1,058 | ) | (5,091 | ) | (2,909 | ) | (8,660 | ) | (7,245 | ) | (14,746 | ) | 10 | 1 | ||||||||||||||||||
Change in Net Assets from Capital Transactions | $ | (40,176 | ) | $ | 136,305 | $ | 1,362 | $ | (8,905 | ) | $ | (29,098 | ) | $ | (175,090 | ) | $ | 19,107 | $ | 98,162 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 14,543 | 23,514 | 2,003 | 961 | 1,733 | 2,489 | 19,247 | 20,630 | ||||||||||||||||||||||||
Issued in Acquisition | — | — | — | — | — | — | — | 6,597 | ||||||||||||||||||||||||
Reinvested | 423 | 349 | 39 | 30 | 50 | 80 | 1,406 | 1,331 | ||||||||||||||||||||||||
Redeemed | (18,997 | ) | (9,218 | ) | (1,588 | ) | (976 | ) | (4,051 | ) | (18,990 | ) | (18,646 | ) | (18,653 | ) | ||||||||||||||||
Change in I Shares | (4,031 | ) | 14,645 | 454 | 15 | (2,268 | ) | (16,421 | ) | 2,007 | 9,905 | |||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | 179 | 215 | 40 | 29 | 83 | 81 | 2 | 19 | ||||||||||||||||||||||||
Reinvested | 12 | 14 | 12 | 13 | 5 | 6 | 1 | 1 | ||||||||||||||||||||||||
Redeemed | (192 | ) | (367 | ) | (85 | ) | (81 | ) | (76 | ) | (151 | ) | (9 | ) | (37 | ) | ||||||||||||||||
Change in A Shares | (1 | ) | (138 | ) | (33 | ) | (39 | ) | 12 | (64 | ) | (6 | ) | (17 | ) | |||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | 13 | 1 | 31 | 20 | 35 | 49 | 1 | — | ||||||||||||||||||||||||
Reinvested | 13 | 19 | 28 | 38 | 110 | 129 | — | — | ||||||||||||||||||||||||
Redeemed | (133 | ) | (543 | ) | (353 | ) | (942 | ) | (891 | ) | (1,694 | ) | — | — | ||||||||||||||||||
Change in C Shares | (107 | ) | (523 | ) | (294 | ) | (884 | ) | (746 | ) | (1,516 | ) | 1 | — | ||||||||||||||||||
Change in Shares | (4,139 | ) | 13,984 | 127 | (908 | ) | (3,002 | ) | (18,001 | ) | 2,002 | 9,888 | ||||||||||||||||||||
203
U.S. Government | ||||||||||||||||||||||||||||||||
U.S. Government | Securities Ultra-Short | Virginia Intermediate | ||||||||||||||||||||||||||||||
Ultra-Short Bond Fund | Securities Fund | Bond Fund | Municipal Bond Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 3,949 | $ | 7,125 | $ | 27,683 | $ | 21,691 | $ | 1,866 | $ | 1,465 | $ | 7,819 | $ | 7,433 | ||||||||||||||||
Net Realized Gain (Loss) from Investments | 100 | (520 | ) | 4,039 | (2,786 | ) | 123 | (108 | ) | (348 | ) | 58 | ||||||||||||||||||||
Net Change in Unrealized Appreciation/Depreciation on Investments | (864 | ) | 1,489 | 13,983 | 8,034 | 267 | 469 | (139 | ) | 2,167 | ||||||||||||||||||||||
Change in Net Assets from Operations | 3,185 | 8,094 | 45,705 | 26,939 | 2,256 | 1,826 | 7,332 | 9,658 | ||||||||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||||||||||
I Shares | (3,946 | ) | (7,415 | ) | (27,304 | ) | (21,594 | ) | (1,928 | ) | (1,506 | ) | (7,529 | ) | (7,178 | ) | ||||||||||||||||
A Shares | N/A | N/A | (164 | ) | (119 | ) | N/A | N/A | (207 | ) | (189 | ) | ||||||||||||||||||||
C Shares | N/A | N/A | (177 | ) | (235 | ) | N/A | N/A | (83 | ) | (63 | ) | ||||||||||||||||||||
Total Dividends and Distributions | (3,946 | ) | (7,415 | ) | (27,645 | ) | (21,948 | ) | (1,928 | ) | (1,506 | ) | (7,819 | ) | (7,430 | ) | ||||||||||||||||
Change in Net Assets from Capital Transactions | 3,007 | (160,290 | ) | (61,398 | ) | 210,619 | 28,165 | (8,525 | ) | (9,265 | ) | 46,132 | ||||||||||||||||||||
Change in Net Assets | 2,246 | (159,611 | ) | (43,338 | ) | 215,610 | 28,493 | (8,205 | ) | (9,752 | ) | 48,360 | ||||||||||||||||||||
Net Assets: | ||||||||||||||||||||||||||||||||
Beginning of Period | 85,646 | 245,257 | 543,026 | 327,416 | 34,411 | 42,616 | 223,592 | 175,232 | ||||||||||||||||||||||||
End of Period | $ | 87,892 | $ | 85,646 | $ | 499,688 | $ | 543,026 | $ | 62,904 | $ | 34,411 | $ | 213,840 | $ | 223,592 | ||||||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 40 | $ | 73 | $ | 302 | $ | 302 | $ | 30 | $ | 60 | $ | (21 | ) | $ | (11 | ) | ||||||||||||||
204
U.S. Government | ||||||||||||||||||||||||||||||||
U.S. Government | Securities Ultra-Short | Virginia Intermediate | ||||||||||||||||||||||||||||||
Ultra-Short Bond Fund | Securities Fund | Bond Fund | Municipal Bond Fund | |||||||||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 50,129 | $ | 56,762 | $ | 221,770 | $ | 318,558 | $ | 41,205 | $ | 13,831 | $ | 35,802 | $ | 30,094 | ||||||||||||||||
Proceeds from Shares Issued in Acquisition | — | — | — | — | — | — | — | 50,730 | ||||||||||||||||||||||||
Dividends Reinvested | 1,395 | 1,246 | 3,769 | 3,313 | 901 | 420 | 162 | 224 | ||||||||||||||||||||||||
Cost of Shares Redeemed | (48,517 | ) | (218,298 | ) | (286,437 | ) | (108,207 | ) | (13,941 | ) | (22,776 | ) | (45,889 | ) | (38,022 | ) | ||||||||||||||||
Change in Net Assets from I Shares | 3,007 | (160,290 | ) | (60,898 | ) | 213,664 | 28,165 | (8,525 | ) | (9,925 | ) | 43,026 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | N/A | N/A | 3,457 | 1,947 | N/A | N/A | 2,525 | 481 | ||||||||||||||||||||||||
Proceeds from Shares Issued in Acquisition | N/A | N/A | — | — | N/A | N/A | — | 321 | ||||||||||||||||||||||||
Dividends Reinvested | N/A | N/A | 125 | 88 | N/A | N/A | 106 | 94 | ||||||||||||||||||||||||
Cost of Shares Redeemed | N/A | N/A | (3,065 | ) | (2,241 | ) | N/A | N/A | (1,792 | ) | (1,037 | ) | ||||||||||||||||||||
Change in Net Assets from A Shares | N/A | N/A | 517 | (206 | ) | N/A | N/A | 839 | (141 | ) | ||||||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Proceeds from Shares Issued | N/A | N/A | 40 | 20 | N/A | N/A | 100 | 11 | ||||||||||||||||||||||||
Proceeds from Shares Issued in Acquisition | N/A | N/A | — | — | N/A | N/A | — | 3,903 | ||||||||||||||||||||||||
Dividends Reinvested | N/A | N/A | 158 | 207 | N/A | N/A | 60 | 48 | ||||||||||||||||||||||||
Cost of Shares Redeemed | N/A | N/A | (1,215 | ) | (3,066 | ) | N/A | N/A | (339 | ) | (715 | ) | ||||||||||||||||||||
Change in Net Assets from C Shares | N/A | N/A | (1,017 | ) | (2,839 | ) | N/A | N/A | (179 | ) | 3,247 | |||||||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 3,007 | $ | (160,290 | ) | $ | (61,398 | ) | $ | 210,619 | $ | 28,165 | $ | (8,525 | ) | $ | (9,265 | ) | $ | 46,132 | ||||||||||||
Share Transactions: | ||||||||||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||||||||||
Issued | 5,013 | 5,697 | 21,457 | 31,229 | 4,124 | 1,397 | 3,549 | 2,987 | ||||||||||||||||||||||||
Issued in Acquisition | — | — | — | — | — | — | — | 5,066 | ||||||||||||||||||||||||
Reinvested | 140 | 125 | 364 | 324 | 90 | 42 | 16 | 22 | ||||||||||||||||||||||||
Redeemed | (4,852 | ) | (21,881 | ) | (27,370 | ) | (10,600 | ) | (1,397 | ) | (2,306 | ) | (4,555 | ) | (3,780 | ) | ||||||||||||||||
Change in I Shares | 301 | (16,059 | ) | (5,549 | ) | 20,953 | 2,817 | (867 | ) | (990 | ) | 4,295 | ||||||||||||||||||||
A Shares: | ||||||||||||||||||||||||||||||||
Issued | N/A | N/A | 337 | 190 | N/A | N/A | 249 | 49 | ||||||||||||||||||||||||
Issued in Acquisition | N/A | N/A | — | — | N/A | N/A | — | 32 | ||||||||||||||||||||||||
Reinvested | N/A | N/A | 12 | 9 | N/A | N/A | 11 | 9 | ||||||||||||||||||||||||
Redeemed | N/A | N/A | (296 | ) | (220 | ) | N/A | N/A | (177 | ) | (103 | ) | ||||||||||||||||||||
Change in A Shares | N/A | N/A | 53 | (21 | ) | N/A | N/A | 83 | (13 | ) | ||||||||||||||||||||||
C Shares: | ||||||||||||||||||||||||||||||||
Issued | N/A | N/A | 4 | 3 | N/A | N/A | 10 | — | ||||||||||||||||||||||||
Issued in Acquisition | N/A | N/A | — | — | N/A | N/A | — | 390 | ||||||||||||||||||||||||
Reinvested | N/A | N/A | 15 | 20 | N/A | N/A | 6 | 5 | ||||||||||||||||||||||||
Redeemed | N/A | N/A | (118 | ) | (301 | ) | N/A | N/A | (34 | ) | (71 | ) | ||||||||||||||||||||
Change in C Shares | N/A | N/A | (99 | ) | (278 | ) | N/A | N/A | (18 | ) | 324 | |||||||||||||||||||||
Change in Shares | 301 | (16,059 | ) | (5,595 | ) | 20,654 | 2,817 | (867 | ) | (925 | ) | 4,606 | ||||||||||||||||||||
205
U.S. Government | ||||||||||||||||||||||||
Prime Quality Money | Tax-Exempt Money | Securities Money | ||||||||||||||||||||||
Market Fund | Market Fund | Market Fund | ||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | 430,271 | $ | 371,296 | $ | 56,139 | $ | 57,426 | $ | 45,412 | $ | 34,251 | ||||||||||||
Net Realized Gain (Loss) from Investments | (2,263 | ) | 13 | 51 | 212 | 2 | (2 | ) | ||||||||||||||||
Change in Net Assets from Operations | 428,008 | 371,309 | 56,190 | 57,638 | 45,414 | 34,249 | ||||||||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (159,091 | ) | (147,344 | ) | (38,714 | ) | (38,998 | ) | (34,341 | ) | (23,547 | ) | ||||||||||||
A Shares | (271,012 | ) | (223,766 | ) | (17,424 | ) | (18,401 | ) | (11,103 | ) | (10,691 | ) | ||||||||||||
C Shares | (168 | ) | (180 | ) | N/A | N/A | N/A | N/A | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | (195 | ) | (83 | ) | — | — | ||||||||||||||||
A Shares | — | — | (83 | ) | (39 | ) | — | — | ||||||||||||||||
C Shares | — | — | N/A | N/A | N/A | N/A | ||||||||||||||||||
Total Dividends and Distributions | (430,271 | ) | (371,290 | ) | (56,416 | ) | (57,521 | ) | (45,444 | ) | (34,238 | ) | ||||||||||||
Change in Net Assets from Capital Transactions | 1,194,783 | 2,177,286 | 412,027 | (91,894 | ) | 1,492,880 | 281,542 | |||||||||||||||||
Change in Net Assets | 1,192,520 | 2,177,305 | 411,801 | (91,777 | ) | 1,492,850 | 281,553 | |||||||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 9,169,738 | 6,992,433 | 1,752,104 | 1,843,881 | 949,094 | 667,541 | ||||||||||||||||||
End of Period | $ | 10,362,258 | $ | 9,169,738 | $ | 2,163,905 | $ | 1,752,104 | $ | 2,441,944 | $ | 949,094 | ||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 33 | $ | 33 | $ | 27 | $ | 26 | $ | (18 | ) | $ | 13 | |||||||||||
206
U.S. Government | ||||||||||||||||||||||||
Prime Quality Money | Tax-Exempt Money | Securities Money | ||||||||||||||||||||||
Market Fund | Market Fund | Market Fund | ||||||||||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||||||||
Capital Transactions: | ||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||
Proceeds from Shares Issued | $ | 5,562,214 | $ | 4,179,973 | $ | 2,388,440 | $ | 1,706,593 | $ | 2,368,401 | $ | 1,415,785 | ||||||||||||
Dividends Reinvested | 18,302 | 16,752 | 8 | 105 | 328 | 656 | ||||||||||||||||||
Cost of Shares Redeemed | (4,993,485 | ) | (3,924,831 | ) | (1,972,418 | ) | (1,721,806 | ) | (951,500 | ) | (1,139,198 | ) | ||||||||||||
Change in Net Assets from I Shares | 587,031 | 271,894 | 416,030 | (15,108 | ) | 1,417,229 | 277,243 | |||||||||||||||||
A Shares: | ||||||||||||||||||||||||
Proceeds from Shares Issued | 2,874,940 | 3,355,734 | 724,129 | 665,313 | 411,165 | 380,290 | ||||||||||||||||||
Dividends Reinvested | 270,896 | 223,647 | 17,508 | 18,439 | 11,103 | 10,691 | ||||||||||||||||||
Cost of Shares Redeemed | (2,538,480 | ) | (1,673,732 | ) | (745,640 | ) | (760,538 | ) | (346,617 | ) | (386,682 | ) | ||||||||||||
Change in Net Assets from A Shares | 607,356 | 1,905,649 | (4,003 | ) | (76,786 | ) | 75,651 | 4,299 | ||||||||||||||||
C Shares: | ||||||||||||||||||||||||
Proceeds from Shares Issued | 1,253 | 1,252 | N/A | N/A | N/A | N/A | ||||||||||||||||||
Dividends Reinvested | 144 | 154 | N/A | N/A | N/A | N/A | ||||||||||||||||||
Cost of Shares Redeemed | (1,001 | ) | (1,663 | ) | N/A | N/A | N/A | N/A | ||||||||||||||||
Change in Net Assets from C Shares | 396 | (257 | ) | N/A | N/A | N/A | N/A | |||||||||||||||||
Change in Net Assets from Capital Transactions | $ | 1,194,783 | $ | 2,177,286 | $ | 412,027 | $ | (91,894 | ) | $ | 1,492,880 | $ | 281,542 | |||||||||||
Share Transactions: | ||||||||||||||||||||||||
I Shares: | ||||||||||||||||||||||||
Issued | 5,562,214 | 4,179,973 | 2,388,440 | 1,706,593 | 2,368,401 | 1,415,785 | ||||||||||||||||||
Reinvested | 18,302 | 16,752 | 8 | 105 | 328 | 656 | ||||||||||||||||||
Redeemed | (4,993,485 | ) | (3,924,831 | ) | (1,972,418 | ) | (1,721,806 | ) | (951,500 | ) | (1,139,198 | ) | ||||||||||||
Change in I Shares | 587,031 | 271,894 | 416,030 | (15,108 | ) | 1,417,229 | 277,243 | |||||||||||||||||
A Shares: | ||||||||||||||||||||||||
Issued | 2,874,940 | 3,355,734 | 724,129 | 665,313 | 411,165 | 380,290 | ||||||||||||||||||
Reinvested | 270,896 | 223,647 | 17,508 | 18,439 | 11,103 | 10,691 | ||||||||||||||||||
Redeemed | (2,538,480 | ) | (1,673,732 | ) | (745,640 | ) | (760,538 | ) | (346,617 | ) | (386,682 | ) | ||||||||||||
Change in A Shares | 607,356 | 1,905,649 | (4,003 | ) | (76,786 | ) | 75,651 | 4,299 | ||||||||||||||||
C Shares: | ||||||||||||||||||||||||
Issued | 1,253 | 1,252 | N/A | N/A | N/A | N/A | ||||||||||||||||||
Reinvested | 144 | 154 | N/A | N/A | N/A | N/A | ||||||||||||||||||
Redeemed | (1,001 | ) | (1,663 | ) | N/A | N/A | N/A | N/A | ||||||||||||||||
Change in C Shares | 396 | (257 | ) | N/A | N/A | N/A | N/A | |||||||||||||||||
Change in Shares | 1,194,783 | 2,177,286 | 412,027 | (91,894 | ) | 1,492,880 | 281,542 | |||||||||||||||||
207
U.S. Treasury Money | Virginia Tax-Free Money | |||||||||||||||
Market Fund | Market Fund | |||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||
Operations: | ||||||||||||||||
Net Investment Income (Loss) | $ | 40,159 | $ | 62,652 | $ | 19,247 | $ | 16,709 | ||||||||
Net Realized Gain (Loss) from Investments | 31 | — | 147 | — | ||||||||||||
Change in Net Assets from Operations | 40,190 | 62,652 | 19,394 | 16,709 | ||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||
Net Investment Income: | ||||||||||||||||
I Shares | (38,384 | ) | (61,585 | ) | (8,010 | ) | (6,879 | ) | ||||||||
A Shares | (1,775 | ) | (1,049 | ) | (11,237 | ) | (9,822 | ) | ||||||||
Net Realized Gains: | ||||||||||||||||
I Shares | — | — | (36 | ) | (2 | ) | ||||||||||
A Shares | — | — | (56 | ) | (2 | ) | ||||||||||
Total Dividends and Distributions | (40,159 | ) | (62,634 | ) | (19,339 | ) | (16,705 | ) | ||||||||
Change in Net Assets from Capital Transactions | 175,144 | (605,937 | ) | 104,392 | 78,657 | |||||||||||
Change in Net Assets | 175,175 | (605,919 | ) | 104,447 | 78,661 | |||||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 1,056,619 | 1,662,538 | 608,732 | 530,071 | ||||||||||||
End of Period | $ | 1,231,794 | $ | 1,056,619 | $ | 713,179 | $ | 608,732 | ||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | 80 | $ | 80 | $ | 13 | $ | 13 | ||||||||
208
U.S. Treasury Money | Virginia Tax-Free Money | |||||||||||||||
Market Fund | Market Fund | |||||||||||||||
04/01/07- | 04/01/06- | 04/01/07- | 04/01/06- | |||||||||||||
03/31/08 | 03/31/07 | 03/31/08 | 03/31/07 | |||||||||||||
Capital Transactions: | ||||||||||||||||
I Shares: | ||||||||||||||||
Proceeds from Shares Issued | $ | 3,607,616 | $ | 3,869,543 | $ | 520,612 | $ | 350,300 | ||||||||
Dividends Reinvested | 337 | 387 | 1,179 | 1,075 | ||||||||||||
Cost of Shares Redeemed | (3,502,714 | ) | (4,495,054 | ) | (457,068 | ) | (347,504 | ) | ||||||||
Change in Net Assets from I Shares | 105,239 | (625,124 | ) | 64,723 | 3,871 | |||||||||||
A Shares: | ||||||||||||||||
Proceeds from Shares Issued | 365,712 | 64,373 | 482,660 | 426,820 | ||||||||||||
Dividends Reinvested | 1,775 | 1,049 | 11,293 | 9,824 | ||||||||||||
Cost of Shares Redeemed | (297,582 | ) | (46,235 | ) | (454,284 | ) | (361,858 | ) | ||||||||
Change in Net Assets from A Shares | 69,905 | 19,187 | 39,669 | 74,786 | ||||||||||||
Change in Net Assets from Capital Transactions | $ | 175,144 | $ | (605,937 | ) | $ | 104,392 | $ | 78,657 | |||||||
Share Transactions: | ||||||||||||||||
I Shares: | ||||||||||||||||
Issued | 3,607,616 | 3,869,543 | 520,612 | 350,299 | ||||||||||||
Reinvested | 337 | 387 | 1,179 | 1,075 | ||||||||||||
Redeemed | (3,502,714 | ) | (4,495,054 | ) | (457,068 | ) | (347,504 | ) | ||||||||
Change in I Shares | 105,239 | (625,124 | ) | 64,723 | 3,870 | |||||||||||
A Shares: | ||||||||||||||||
Issued | 365,712 | 64,373 | 482,660 | 426,820 | ||||||||||||
Reinvested | 1,775 | 1,049 | 11,293 | 9,824 | ||||||||||||
Redeemed | (297,582 | ) | (46,235 | ) | (454,284 | ) | (361,858 | ) | ||||||||
Change in A Shares | 69,905 | 19,187 | 39,669 | 74,786 | ||||||||||||
Change in Shares | 175,144 | (605,937 | ) | 104,392 | 78,656 | |||||||||||
209
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Georgia Tax-Exempt Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 10.25 | $ | 0.39 | $ | (0.33 | ) | $ | 0.06 | $ | (0.36 | ) | $ | — | $ | (0.36 | ) | $ | 9.95 | 0.60 | % | $ | 169,453 | 0.59 | % | 3.83 | % | 0.60 | % | 30 | % | |||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.16 | 0.37 | 0.13 | 0.50 | (0.40 | ) | (0.01 | ) | (0.41 | ) | 10.25 | 4.95 | 142,485 | 0.60 | 3.71 | 0.60 | 61 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.21 | 0.36 | (a) | (0.04 | ) | 0.32 | (0.36 | ) | (0.01 | ) | (0.37 | ) | 10.16 | 3.19 | 115,929 | 0.64 | 3.53 | 0.66 | 43 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.24 | 0.28 | 0.20 | 0.48 | (0.27 | ) | (0.24 | ) | (0.51 | ) | 10.21 | 4.73 | 96,503 | 0.67 | 3.31 | 0.71 | 52 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.89 | 0.34 | (a) | (0.58 | ) | (0.24 | ) | (0.34 | ) | (0.07 | ) | (0.41 | ) | 10.24 | (2.18 | ) | 98,113 | 0.71 | 3.26 | 0.76 | 100 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.29 | 0.38 | 0.60 | 0.98 | (0.38 | ) | — | (0.38 | ) | 10.89 | 9.64 | 98,866 | 0.71 | 3.55 | 0.76 | 17 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.26 | 0.38 | (0.32 | ) | 0.06 | (0.35 | ) | — | (0.35 | ) | 9.97 | 0.54 | 4,164 | 0.74 | 3.63 | 0.75 | 30 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.18 | 0.35 | 0.12 | 0.47 | (0.38 | ) | (0.01 | ) | (0.39 | ) | 10.26 | 4.68 | 3,592 | 0.75 | 3.56 | 0.75 | 61 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.22 | 0.35 | (a) | (0.03 | ) | 0.32 | (0.35 | ) | (0.01 | ) | (0.36 | ) | 10.18 | 3.12 | 3,711 | 0.79 | 3.38 | 0.81 | 43 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.25 | 0.27 | 0.20 | 0.47 | (0.26 | ) | (0.24 | ) | (0.50 | ) | 10.22 | 4.57 | 2,660 | 0.86 | 3.12 | 0.99 | 52 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.90 | 0.32 | (a) | (0.58 | ) | (0.26 | ) | (0.32 | ) | (0.07 | ) | (0.39 | ) | 10.25 | (2.39 | ) | 2,735 | 0.92 | 3.06 | 1.36 | 100 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.31 | 0.35 | 0.59 | 0.94 | (0.35 | ) | — | (0.35 | ) | 10.90 | 9.29 | 2,630 | 0.92 | 3.34 | 1.41 | 17 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.25 | 0.28 | (0.31 | ) | (0.03 | ) | (0.26 | ) | — | (0.26 | ) | 9.96 | (0.31 | ) | 5,063 | 1.59 | 2.75 | 1.60 | 30 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.17 | 0.26 | 0.12 | 0.38 | (0.29 | ) | (0.01 | ) | (0.30 | ) | 10.25 | 3.81 | 6,508 | 1.60 | 2.74 | 1.60 | 61 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.22 | 0.27 | (a) | (0.04 | ) | 0.23 | (0.27 | ) | (0.01 | ) | (0.28 | ) | 10.17 | 2.25 | 9,567 | 1.57 | 2.61 | 1.67 | 43 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.25 | 0.22 | 0.20 | 0.42 | (0.21 | ) | (0.24 | ) | (0.45 | ) | 10.22 | 4.09 | 10,664 | 1.42 | 2.56 | 1.73 | 52 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.90 | 0.27 | (a) | (0.58 | ) | (0.31 | ) | (0.27 | ) | (0.07 | ) | (0.34 | ) | 10.25 | (2.87 | ) | 13,351 | 1.42 | 2.55 | 1.84 | 100 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.30 | 0.30 | 0.60 | 0.90 | (0.30 | ) | — | (0.30 | ) | 10.90 | 8.86 | 16,591 | 1.42 | 2.84 | 1.84 | 17 | ||||||||||||||||||||||||||||||||||||||||
High Grade Municipal Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.92 | 0.37 | (0.09 | ) | 0.28 | (0.37 | ) | (0.03 | ) | (0.40 | ) | 10.80 | 2.58 | 173,975 | 0.66 | 3.40 | 0.66 | 183 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.82 | 0.37 | 0.12 | 0.49 | (0.37 | ) | (0.02 | ) | (0.39 | ) | 10.92 | 4.54 | 163,707 | 0.60 | 3.37 | 0.61 | 128 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.90 | 0.34 | (0.03 | ) | 0.31 | (0.34 | ) | (0.05 | ) | (0.39 | ) | 10.82 | 2.90 | 165,341 | 0.63 | 3.13 | 0.65 | 90 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.93 | 0.26 | 0.10 | 0.36 | (0.26 | ) | (0.13 | ) | (0.39 | ) | 10.90 | 3.31 | 157,500 | 0.67 | 2.84 | 0.71 | 66 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 11.69 | 0.32 | (a) | (0.56 | ) | (0.24 | ) | (0.32 | ) | (0.20 | ) | (0.52 | ) | 10.93 | (2.07 | ) | 165,065 | 0.71 | 2.82 | 0.75 | 56 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.95 | 0.40 | 0.79 | 1.19 | (0.40 | ) | (0.05 | ) | (0.45 | ) | 11.69 | 11.13 | 147,423 | 0.71 | 3.54 | 0.75 | 62 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.93 | 0.35 | (0.10 | ) | 0.25 | (0.35 | ) | (0.03 | ) | (0.38 | ) | 10.80 | 2.33 | 2,442 | 0.81 | 3.26 | 0.81 | 183 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.83 | 0.35 | 0.12 | 0.47 | (0.35 | ) | (0.02 | ) | (0.37 | ) | 10.93 | 4.38 | 2,844 | 0.75 | 3.23 | 0.76 | 128 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.91 | 0.33 | (0.03 | ) | 0.30 | (0.33 | ) | (0.05 | ) | (0.38 | ) | 10.83 | 2.73 | 5,077 | 0.80 | 2.98 | 0.81 | 90 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.93 | 0.25 | 0.11 | 0.36 | (0.25 | ) | (0.13 | ) | (0.38 | ) | 10.91 | 3.24 | 6,129 | 0.86 | 2.65 | 0.94 | 66 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 11.69 | 0.30 | (a) | (0.56 | ) | (0.26 | ) | (0.30 | ) | (0.20 | ) | (0.50 | ) | 10.93 | (2.28 | ) | 5,906 | 0.92 | 2.62 | 1.13 | 56 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.95 | 0.38 | 0.79 | 1.17 | (0.38 | ) | (0.05 | ) | (0.43 | ) | 11.69 | 10.89 | 8,191 | 0.92 | 3.29 | 1.13 | 62 |
210
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
High Grade Municipal Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 10.95 | $ | 0.26 | $ | (0.10 | ) | $ | 0.16 | $ | (0.26 | ) | $ | (0.03 | ) | $ | (0.29 | ) | $ | 10.82 | 1.46 | % | $ | 5,069 | 1.66 | % | 2.40 | % | 1.66 | % | 183 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.85 | 0.26 | 0.12 | 0.38 | (0.26 | ) | (0.02 | ) | (0.28 | ) | 10.95 | 3.49 | 6,724 | 1.60 | 2.37 | 1.61 | 128 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.93 | 0.24 | (0.03 | ) | 0.21 | (0.24 | ) | (0.05 | ) | (0.29 | ) | 10.85 | 1.95 | 8,783 | 1.56 | 2.22 | 1.66 | 90 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.96 | 0.19 | 0.10 | 0.29 | (0.19 | ) | (0.13 | ) | (0.32 | ) | 10.93 | 2.66 | 12,347 | 1.42 | 2.09 | 1.73 | 66 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 11.71 | 0.24 | (a) | (0.55 | ) | (0.31 | ) | (0.24 | ) | (0.20 | ) | (0.44 | ) | 10.96 | (2.68 | ) | 19,952 | 1.42 | 2.14 | 1.81 | 56 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.97 | 0.32 | 0.79 | 1.11 | (0.32 | ) | (0.05 | ) | (0.37 | ) | 11.71 | 10.32 | 40,241 | 1.42 | 2.81 | 1.80 | 62 | |||||||||||||||||||||||||||||||||||||||
High Income Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 7.36 | 0.57 | (0.82 | ) | (0.25 | ) | (0.58 | ) | (0.13 | ) | (0.71 | ) | 6.40 | (3.68 | ) | 30,587 | 0.70 | 8.23 | 0.71 | 403 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 6.97 | 0.58 | 0.39 | 0.97 | (0.58 | ) | — | (0.58 | ) | 7.36 | 14.58 | 42,809 | 0.70 | 8.11 | 0.71 | 379 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 7.38 | 0.55 | (0.03 | ) | 0.52 | (0.55 | ) | (0.38 | ) | (0.93 | ) | 6.97 | 7.53 | 36,764 | 0.72 | 7.64 | 0.82 | 208 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 7.38 | 0.46 | 0.21 | 0.67 | (0.46 | ) | (0.21 | ) | (0.67 | ) | 7.38 | 9.31 | 51,318 | 0.73 | 7.47 | 0.87 | 191 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 7.16 | 0.62 | (a) | 0.22 | 0.84 | (0.62 | ) | — | (0.62 | ) | 7.38 | 11.94 | 71,314 | 0.76 | 8.27 | 0.91 | 49 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 7.25 | 0.61 | (0.09 | ) | 0.52 | (0.61 | ) | — | (0.61 | ) | 7.16 | 8.19 | 100,852 | 0.78 | 8.95 | 0.93 | 20 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 7.37 | 0.55 | (0.82 | ) | (0.27 | ) | (0.56 | ) | (0.13 | ) | (0.69 | ) | 6.41 | (3.96 | ) | 847 | 1.00 | 7.95 | 1.02 | 403 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 6.98 | 0.56 | 0.39 | 0.95 | (0.56 | ) | — | (0.56 | ) | 7.37 | 14.22 | 498 | 1.00 | 7.86 | 1.01 | 379 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 7.39 | 0.53 | (0.03 | ) | 0.50 | (0.53 | ) | (0.38 | ) | (0.91 | ) | 6.98 | 7.20 | 403 | 1.03 | 7.36 | 1.13 | 208 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 7.38 | 0.44 | 0.22 | 0.66 | (0.44 | ) | (0.21 | ) | (0.65 | ) | 7.39 | 9.17 | 739 | 1.03 | 7.34 | 1.39 | 191 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 7.39 | 0.35 | (a) | (0.01 | ) | 0.34 | (0.35 | ) | — | (0.35 | ) | 7.38 | 4.61 | 1,508 | 1.10 | 7.80 | 1.88 | 49 | ||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 7.36 | 0.50 | (0.82 | ) | (0.32 | ) | (0.51 | ) | (0.13 | ) | (0.64 | ) | 6.40 | (4.63 | ) | 20,546 | 1.71 | 7.24 | 1.72 | 403 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 6.97 | 0.51 | 0.39 | 0.90 | (0.51 | ) | — | (0.51 | ) | 7.36 | 13.45 | 28,862 | 1.70 | 7.11 | 1.71 | 379 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 7.38 | 0.49 | (0.03 | ) | 0.46 | (0.49 | ) | (0.38 | ) | (0.87 | ) | 6.97 | 6.57 | 36,062 | 1.62 | 6.78 | 1.83 | 208 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 7.38 | 0.42 | 0.21 | 0.63 | (0.42 | ) | (0.21 | ) | (0.63 | ) | 7.38 | 8.69 | 52,847 | 1.40 | 6.78 | 1.88 | 191 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 7.16 | 0.57 | (a) | 0.22 | 0.79 | (0.57 | ) | — | (0.57 | ) | 7.38 | 11.23 | 75,693 | 1.40 | 7.62 | 1.98 | 49 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 7.25 | 0.57 | (0.09 | ) | 0.48 | (0.57 | ) | — | (0.57 | ) | 7.16 | 7.52 | 64,418 | 1.40 | 8.43 | 2.00 | 20 | |||||||||||||||||||||||||||||||||||||||
Intermediate Bond Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.96 | 0.50 | 0.33 | 0.83 | (0.49 | ) | (0.01 | ) | (0.50 | ) | 10.29 | 8.57 | 812,982 | 0.29 | 4.80 | 0.30 | 254 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.85 | 0.46 | (a) | 0.11 | 0.57 | (0.46 | ) | — | (0.46 | ) | 9.96 | 5.97 | 94,136 | 0.31 | 4.67 | 0.31 | 225 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.08 | 0.38 | (0.21 | ) | 0.17 | (0.39 | ) | (0.01 | ) | (0.40 | ) | 9.85 | 1.76 | 78,187 | 0.31 | 3.88 | 0.31 | 154 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.37 | 0.14 | (0.21 | ) | (0.07 | ) | (0.14 | ) | (0.08 | ) | (0.22 | ) | 10.08 | (0.75 | ) | 47,981 | 0.29 | 3.25 | 0.29 | 94 | ||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2004†† | 10.23 | 0.34 | 0.14 | 0.48 | (0.34 | ) | — | (0.34 | ) | 10.37 | 4.73 | 35,848 | 0.45 | 3.25 | 0.59 | 130 | ||||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2003 | 10.12 | 0.37 | 0.15 | 0.52 | (0.41 | ) | — | (0.41 | ) | 10.23 | 5.16 | 28,689 | 0.45 | 3.42 | 0.56 | 277 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.95 | 0.47 | 0.34 | 0.81 | (0.46 | ) | (0.01 | ) | (0.47 | ) | 10.29 | 8.39 | 736 | 0.55 | 4.60 | 0.55 | 254 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.85 | 0.44 | (a) | 0.10 | 0.54 | (0.44 | ) | — | (0.44 | ) | 9.95 | 5.62 | 105 | 0.58 | 4.72 | 0.58 | 225 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.08 | 0.39 | (0.25 | ) | 0.14 | (0.36 | ) | (0.01 | ) | (0.37 | ) | 9.85 | 1.39 | 4 | 0.56 | 3.83 | 0.57 | 154 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.36 | 0.13 | (0.21 | ) | (0.08 | ) | (0.12 | ) | (0.08 | ) | (0.20 | ) | 10.08 | (0.82 | ) | 1 | 0.63 | 2.84 | 0.63 | 94 | ||||||||||||||||||||||||||||||||||||
Period Ended October 31, 2004†† | 10.32 | 0.02 | 0.04 | 0.06 | (0.02 | ) | — | (0.02 | ) | 10.36 | 0.53 | 1 | 0.71 | 2.58 | 0.71 | 130 |
211
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Intermediate Bond Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 9.95 | $ | 0.28 | $ | 0.34 | $ | 0.62 | $ | (0.27 | ) | $ | (0.01 | ) | $ | (0.28 | ) | $ | 10.29 | 6.35 | % | $ | 9 | 1.32 | % | 3.66 | % | 1.32 | % | 254 | % | |||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.85 | 0.36 | (a) | 0.12 | 0.48 | (0.38 | ) | — | (0.38 | ) | 9.95 | 4.92 | 1 | 1.31 | 3.61 | 1.31 | 225 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.08 | 0.28 | (0.21 | ) | 0.07 | (0.29 | ) | (0.01 | ) | (0.30 | ) | 9.85 | 0.74 | 68 | 1.24 | 2.86 | 1.25 | 154 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.36 | 0.11 | (0.21 | ) | (0.10 | ) | (0.10 | ) | (0.08 | ) | (0.18 | ) | 10.08 | (0.96 | ) | 1 | 0.91 | 2.47 | 1.36 | 94 | ||||||||||||||||||||||||||||||||||||
Period Ended October 31, 2004†† | 10.32 | 0.01 | 0.04 | 0.05 | (0.01 | ) | — | (0.01 | ) | 10.36 | 0.51 | 1 | 1.00 | 2.22 | 1.41 | 130 | ||||||||||||||||||||||||||||||||||||||||
Investment Grade Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.49 | 0.50 | 0.26 | 0.76 | (0.51 | ) | — | (0.51 | ) | 10.74 | 7.47 | 385,110 | 0.56 | 4.82 | 0.56 | 227 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.40 | 0.49 | 0.10 | 0.59 | (0.50 | ) | — | (0.50 | ) | 10.49 | 5.79 | 394,196 | 0.55 | 4.70 | 0.55 | 240 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.51 | 0.42 | (0.11 | ) | 0.31 | (0.42 | ) | — | (0.42 | ) | 10.40 | 2.94 | 480,024 | 0.65 | 3.91 | 0.65 | 171 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.31 | 0.29 | 0.19 | 0.48 | (0.28 | ) | — | (0.28 | ) | 10.51 | 4.71 | 602,995 | 0.78 | 3.31 | 0.80 | 268 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.94 | 0.35 | (a) | (0.60 | ) | (0.25 | ) | (0.38 | ) | — | (0.38 | ) | 10.31 | (2.31 | ) | 578,345 | 0.82 | 3.29 | 0.84 | 119 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.24 | 0.40 | 0.76 | 1.16 | (0.46 | ) | — | (0.46 | ) | 10.94 | 11.61 | 821,342 | 0.81 | 3.92 | 0.83 | 137 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.49 | 0.47 | 0.26 | 0.73 | (0.48 | ) | — | (0.48 | ) | 10.74 | 7.15 | 14,495 | 0.86 | 4.54 | 0.86 | 227 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.40 | 0.46 | 0.10 | 0.56 | (0.47 | ) | — | (0.47 | ) | 10.49 | 5.48 | 16,526 | 0.85 | 4.40 | 0.85 | 240 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.50 | 0.38 | (0.10 | ) | 0.28 | (0.38 | ) | — | (0.38 | ) | 10.40 | 2.69 | 20,210 | 1.00 | 3.57 | 1.00 | 171 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.31 | 0.26 | 0.18 | 0.44 | (0.25 | ) | — | (0.25 | ) | 10.50 | 4.24 | 23,687 | 1.21 | 2.90 | 1.26 | 268 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.94 | 0.31 | (a) | (0.60 | ) | (0.29 | ) | (0.34 | ) | — | (0.34 | ) | 10.31 | (2.70 | ) | 31,263 | 1.22 | 2.90 | 1.38 | 119 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.24 | 0.38 | 0.74 | 1.12 | (0.42 | ) | — | (0.42 | ) | 10.94 | 11.16 | 34,874 | 1.22 | 3.45 | 1.38 | 137 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.50 | 0.40 | 0.26 | 0.66 | (0.41 | ) | — | (0.41 | ) | 10.75 | 6.40 | 7,709 | 1.56 | 3.83 | 1.56 | 227 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.40 | 0.38 | 0.11 | 0.49 | (0.39 | ) | — | (0.39 | ) | 10.50 | 4.84 | 9,024 | 1.55 | 3.69 | 1.55 | 240 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.51 | 0.31 | (0.11 | ) | 0.20 | (0.31 | ) | — | (0.31 | ) | 10.40 | 1.94 | 13,580 | 1.63 | 2.93 | 1.66 | 171 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.31 | 0.21 | 0.19 | 0.40 | (0.20 | ) | — | (0.20 | ) | 10.51 | 3.90 | 17,923 | 1.71 | 2.39 | 1.84 | 268 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.95 | 0.25 | (a) | (0.60 | ) | (0.35 | ) | (0.29 | ) | — | (0.29 | ) | 10.31 | (3.27 | ) | 24,327 | 1.71 | 2.40 | 2.00 | 119 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.25 | 0.31 | 0.76 | 1.07 | (0.37 | ) | — | (0.37 | ) | 10.95 | 10.61 | 37,810 | 1.71 | 3.01 | 1.97 | 137 | ||||||||||||||||||||||||||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.47 | 0.38 | 0.15 | 0.53 | (0.38 | ) | (0.03 | ) | (0.41 | ) | 11.59 | 4.73 | 546,323 | 0.57 | 3.32 | 0.57 | 189 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.38 | 0.38 | 0.12 | 0.50 | (0.37 | ) | (0.04 | ) | (0.41 | ) | 11.47 | 4.51 | 410,473 | 0.55 | 3.28 | 0.55 | 214 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.45 | 0.33 | 0.01 | 0.34 | (0.33 | ) | (0.08 | ) | (0.41 | ) | 11.38 | 2.92 | 300,986 | 0.64 | 2.84 | 0.64 | 237 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 11.44 | 0.23 | 0.20 | 0.43 | (0.24 | ) | (0.18 | ) | (0.42 | ) | 11.45 | 3.74 | 259,542 | 0.77 | 2.36 | 0.80 | 178 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 12.01 | 0.27 | (a) | (0.32 | ) | (0.05 | ) | (0.27 | ) | (0.25 | ) | (0.52 | ) | 11.44 | (0.45 | ) | 205,266 | 0.81 | 2.33 | 0.84 | 242 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.57 | 0.30 | 0.90 | 1.20 | (0.30 | ) | (0.46 | ) | (0.76 | ) | 12.01 | 10.80 | 185,485 | 0.81 | 2.57 | 0.84 | 329 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 11.48 | 0.35 | 0.15 | 0.50 | (0.35 | ) | (0.03 | ) | (0.38 | ) | 11.60 | 4.41 | 10,869 | 0.87 | 3.02 | 0.87 | 189 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.39 | 0.34 | 0.13 | 0.47 | (0.34 | ) | (0.04 | ) | (0.38 | ) | 11.48 | 4.20 | 11,723 | 0.85 | 2.97 | 0.85 | 214 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.46 | 0.29 | 0.01 | 0.30 | (0.29 | ) | (0.08 | ) | (0.37 | ) | 11.39 | 2.57 | 16,182 | 0.99 | 2.49 | 0.99 | 237 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 11.46 | 0.19 | 0.19 | 0.38 | (0.20 | ) | (0.18 | ) | (0.38 | ) | 11.46 | 3.28 | 17,430 | 1.20 | 1.93 | 1.26 | 178 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 12.03 | 0.23 | (a) | (0.33 | ) | (0.10 | ) | (0.22 | ) | (0.25 | ) | (0.47 | ) | 11.46 | (0.85 | ) | 19,086 | 1.22 | 1.92 | 1.36 | 242 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.58 | 0.25 | 0.91 | 1.16 | (0.25 | ) | (0.46 | ) | (0.71 | ) | 12.03 | 10.42 | 21,756 | 1.22 | 2.16 | 1.36 | 329 |
212
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 11.46 | $ | 0.26 | $ | 0.16 | $ | 0.42 | $ | (0.27 | ) | $ | (0.03 | ) | $ | (0.30 | ) | $ | 11.58 | 3.69 | % | $ | 5,983 | 1.57 | % | 2.33 | % | 1.57 | % | 189 | % | |||||||||||||||||||||||||
Year Ended March 31, 2007 | 11.37 | 0.26 | 0.13 | 0.39 | (0.26 | ) | (0.04 | ) | (0.30 | ) | 11.46 | 3.48 | 7,254 | 1.55 | 2.27 | 1.55 | 214 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 11.44 | 0.21 | 0.01 | 0.22 | (0.21 | ) | (0.08 | ) | (0.29 | ) | 11.37 | 1.92 | 10,284 | 1.65 | 1.85 | 1.67 | 237 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 11.44 | 0.14 | 0.19 | 0.33 | (0.15 | ) | (0.18 | ) | (0.33 | ) | 11.44 | 2.86 | 15,612 | 1.70 | 1.43 | 1.82 | 178 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 12.01 | 0.17 | (a) | (0.32 | ) | (0.15 | ) | (0.17 | ) | (0.25 | ) | (0.42 | ) | 11.44 | (1.33 | ) | 22,969 | 1.70 | 1.45 | 1.92 | 242 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 11.57 | 0.20 | 0.90 | 1.10 | (0.20 | ) | (0.46 | ) | (0.66 | ) | 12.01 | 9.82 | 32,684 | 1.70 | 1.68 | 1.91 | 329 | |||||||||||||||||||||||||||||||||||||||
Limited Duration Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.98 | 0.50 | (0.12 | ) | 0.38 | (0.49 | ) | — | (0.49 | ) | 9.87 | 3.90 | 43,509 | 0.17 | 5.01 | 0.17 | 132 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.99 | 0.51 | (0.02 | ) | 0.49 | (0.50 | ) | — | (0.50 | ) | 9.98 | 5.04 | 40,291 | 0.14 | 5.03 | 0.14 | 185 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.98 | 0.35 | 0.02 | 0.37 | (0.36 | ) | — | (0.36 | ) | 9.99 | 3.73 | 58,887 | 0.15 | 3.39 | 0.15 | 94 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 9.98 | 0.08 | — | 0.08 | (0.08 | ) | — | (0.08 | ) | 9.98 | 0.84 | 83,315 | 0.16 | 2.12 | 0.16 | 12 | ||||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2004†† | 9.98 | 0.11 | — | 0.11 | (0.11 | ) | — | (0.11 | ) | 9.98 | 1.09 | 129,259 | 0.20 | 1.04 | 0.26 | 101 | ||||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2003 | 10.00 | 0.11 | (0.02 | ) | 0.09 | (0.11 | ) | — | (0.11 | ) | 9.98 | 0.92 | 146,513 | 0.20 | 1.10 | 0.26 | 244 | |||||||||||||||||||||||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.94 | 0.46 | (a) | 0.03 | 0.49 | (0.50 | ) | — | (0.50 | ) | 9.93 | 5.08 | 85,638 | 0.58 | 4.63 | 0.58 | 154 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.88 | 0.43 | (a) | 0.09 | 0.52 | (0.46 | ) | — | (0.46 | ) | 9.94 | 5.33 | 422,749 | 0.55 | 4.32 | 0.55 | 90 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.09 | 0.35 | (0.15 | ) | 0.20 | (0.41 | ) | — | (0.41 | ) | 9.88 | 2.04 | 369,991 | 0.61 | 3.41 | 0.63 | 81 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.18 | 0.31 | (0.08 | ) | 0.23 | (0.32 | ) | — | (0.32 | ) | 10.09 | 2.26 | 407,543 | 0.66 | 3.60 | 0.71 | 41 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.59 | 0.24 | (a) | (0.36 | ) | (0.12 | ) | (0.29 | ) | — | (0.29 | ) | 10.18 | (1.10 | ) | 435,446 | 0.70 | 2.32 | 0.75 | 146 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.31 | 0.29 | (a) | 0.42 | 0.71 | (0.42 | ) | (0.01 | ) | (0.43 | ) | 10.59 | 6.99 | 320,718 | 0.70 | 2.79 | 0.75 | 117 | ||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.92 | 0.44 | (a) | 0.03 | 0.47 | (0.48 | ) | — | (0.48 | ) | 9.91 | 4.88 | 2,670 | 0.78 | 4.46 | 0.78 | 154 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.87 | 0.41 | (a) | 0.08 | 0.49 | (0.44 | ) | — | (0.44 | ) | 9.92 | 5.03 | 3,540 | 0.75 | 4.12 | 0.75 | 90 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.07 | 0.30 | (0.11 | ) | 0.19 | (0.39 | ) | — | (0.39 | ) | 9.87 | 1.93 | 4,398 | 0.83 | 3.21 | 0.85 | 81 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.16 | 0.29 | (0.08 | ) | 0.21 | (0.30 | ) | — | (0.30 | ) | 10.07 | 2.07 | 5,854 | 0.90 | 3.47 | 1.00 | 41 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.57 | 0.21 | (a) | (0.35 | ) | (0.14 | ) | (0.27 | ) | — | (0.27 | ) | 10.16 | (1.36 | ) | 9,495 | 0.96 | 2.06 | 1.17 | 146 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.29 | 0.24 | (a) | 0.44 | 0.68 | (0.39 | ) | (0.01 | ) | (0.40 | ) | 10.57 | 6.72 | 13,668 | 0.96 | 2.33 | 1.20 | 117 | ||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.94 | 0.36 | (a) | 0.03 | 0.39 | (0.40 | ) | — | (0.40 | ) | 9.93 | 4.04 | 10,798 | 1.58 | 3.65 | 1.59 | 154 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.89 | 0.33 | (a) | 0.08 | 0.41 | (0.36 | ) | — | (0.36 | ) | 9.94 | 4.18 | 14,530 | 1.55 | 3.30 | 1.55 | 90 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.10 | 0.23 | (0.12 | ) | 0.11 | (0.32 | ) | — | (0.32 | ) | 9.89 | 1.14 | 20,112 | 1.50 | 2.54 | 1.65 | 81 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.18 | 0.25 | (0.07 | ) | 0.18 | (0.26 | ) | — | (0.26 | ) | 10.10 | 1.81 | 34,924 | 1.31 | 3.04 | 1.74 | 41 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.59 | 0.17 | (a) | (0.35 | ) | (0.18 | ) | (0.23 | ) | — | (0.23 | ) | 10.18 | (1.71 | ) | 70,000 | 1.31 | 1.68 | 1.82 | 146 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.31 | 0.21 | (a) | 0.43 | 0.64 | (0.35 | ) | (0.01 | ) | (0.36 | ) | 10.59 | 6.33 | 166,211 | 1.31 | 1.97 | 1.80 | 117 |
213
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Maryland Municipal Bond Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 10.21 | $ | 0.37 | $ | (0.16 | ) | $ | 0.21 | $ | (0.37 | ) | $ | (0.01 | ) | $ | (0.38 | ) | $ | 10.04 | 2.07 | % | $ | 38,138 | 0.62 | % | 3.66 | % | 0.62 | % | 23 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.14 | 0.38 | (a) | 0.11 | 0.49 | (0.38 | ) | (0.04 | ) | (0.42 | ) | 10.21 | 4.93 | 29,513 | 0.63 | 3.75 | 0.63 | 57 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.27 | 0.38 | (0.04 | ) | 0.34 | (0.38 | ) | (0.09 | ) | (0.47 | ) | 10.14 | 3.34 | 32,699 | 0.66 | 3.68 | 0.68 | 55 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.27 | 0.30 | 0.10 | 0.40 | (0.31 | ) | (0.09 | ) | (0.40 | ) | 10.27 | 3.87 | 31,046 | 0.64 | 3.49 | 0.72 | 30 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.94 | 0.36 | (a) | (0.47 | ) | (0.11 | ) | (0.36 | ) | (0.20 | ) | (0.56 | ) | 10.27 | (1.06 | ) | 29,735 | 0.72 | 3.39 | 0.80 | 15 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.32 | 0.37 | 0.63 | 1.00 | (0.37 | ) | (0.01 | ) | (0.38 | ) | 10.94 | 9.85 | 30,501 | 0.70 | 3.47 | 0.78 | 31 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.22 | 0.36 | (0.16 | ) | 0.20 | (0.36 | ) | (0.01 | ) | (0.37 | ) | 10.05 | 1.91 | 45 | 0.79 | 3.65 | 0.79 | 23 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.15 | 0.38 | (a) | 0.10 | 0.48 | (0.37 | ) | (0.04 | ) | (0.41 | ) | 10.22 | 4.77 | 45 | 0.78 | 3.69 | 0.78 | 57 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006 | 10.32 | 0.30 | (0.07 | ) | 0.23 | (0.31 | ) | (0.09 | ) | (0.40 | ) | 10.15 | 2.25 | 502 | 0.77 | 3.54 | 0.78 | 55 | ||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.23 | 0.27 | (0.16 | ) | 0.11 | (0.27 | ) | (0.01 | ) | (0.28 | ) | 10.06 | 1.05 | 5,868 | 1.63 | 2.67 | 1.63 | 23 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.16 | 0.28 | (a) | 0.11 | 0.39 | (0.28 | ) | (0.04 | ) | (0.32 | ) | 10.23 | 3.88 | 6,873 | 1.63 | 2.75 | 1.63 | 57 | ||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.29 | 0.28 | (0.04 | ) | 0.24 | (0.28 | ) | (0.09 | ) | (0.37 | ) | 10.16 | 2.30 | 9,333 | 1.67 | 2.69 | 1.70 | 55 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.29 | 0.21 | 0.10 | 0.31 | (0.22 | ) | (0.09 | ) | (0.31 | ) | 10.29 | 3.03 | 13,197 | 1.63 | 2.50 | 1.74 | 30 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.96 | 0.26 | (a) | (0.47 | ) | (0.21 | ) | (0.26 | ) | (0.20 | ) | (0.46 | ) | 10.29 | (1.97 | ) | 18,897 | 1.64 | 2.46 | 1.82 | 15 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.34 | 0.27 | 0.63 | 0.90 | (0.27 | ) | (0.01 | ) | (0.28 | ) | 10.96 | 8.81 | 29,556 | 1.64 | 2.52 | 1.81 | 31 | |||||||||||||||||||||||||||||||||||||||
North Carolina Tax-Exempt Bond Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.05 | 0.37 | (0.34 | ) | 0.03 | (0.37 | ) | — | (0.37 | ) | 9.71 | 0.26 | 43,046 | 0.61 | 3.69 | 0.61 | 76 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.90 | 0.35 | (a) | 0.15 | 0.50 | (0.35 | ) | — | (0.35 | ) | 10.05 | 5.17 | 44,130 | 0.59 | 3.54 | 0.59 | 84 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.87 | 0.31 | 0.03 | 0.34 | (0.31 | ) | — | (0.31 | ) | 9.90 | 3.51 | 41,276 | 0.68 | 3.14 | 0.70 | 85 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.76 | 0.25 | 0.14 | 0.39 | (0.25 | ) | (0.03 | ) | (0.28 | ) | 9.87 | 3.97 | 40,798 | 0.75 | 2.78 | 0.82 | 32 | |||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 10.00 | 0.09 | (0.24 | ) | (0.15 | ) | (0.09 | ) | — | (0.09 | ) | 9.76 | (1.52 | ) | 32,757 | 0.75 | 2.45 | 2.30 | 20 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.03 | 0.34 | (0.34 | ) | — | (0.35 | ) | — | (0.35 | ) | 9.68 | 0.01 | 760 | 0.77 | 3.57 | 0.77 | 76 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.88 | 0.34 | (a) | 0.15 | 0.49 | (0.34 | ) | — | (0.34 | ) | 10.03 | 5.02 | 896 | 0.75 | 3.46 | 0.75 | 84 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.87 | 0.37 | 0.01 | 0.38 | (0.37 | ) | — | (0.37 | ) | 9.88 | 3.85 | 110 | 0.66 | 2.47 | 0.67 | 85 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.97 | 0.01 | (0.10 | ) | (0.09 | ) | (0.01 | ) | — | (0.01 | ) | 9.87 | (0.89 | ) | — | — | 3.84 | — | 32 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008(e) | 10.04 | 0.02 | (0.01 | ) | 0.01 | (0.02 | ) | — | (0.02 | ) | 10.03 | 0.12 | — | 1.62 | 2.62 | 1.62 | 76 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.89 | 0.25 | (a) | 0.15 | 0.40 | (0.25 | ) | — | (0.25 | ) | 10.04 | 4.14 | 2 | 1.59 | 2.56 | 1.59 | 84 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.87 | 0.30 | 0.02 | 0.32 | (0.30 | ) | — | (0.30 | ) | 9.89 | 3.23 | 2 | 1.58 | 2.18 | 1.58 | 85 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.97 | 0.01 | (0.10 | ) | (0.09 | ) | (0.01 | ) | — | (0.01 | ) | 9.87 | (0.90 | ) | — | — | 3.70 | — | 32 | |||||||||||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.98 | 0.70 | (1.06 | ) | (0.36 | ) | (0.70 | ) | (0.02 | ) | (0.72 | ) | 8.90 | (3.85 | ) | 553,208 | 0.51 | 7.34 | 0.51 | 134 | ||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.96 | 0.69 | 0.03 | 0.72 | (0.70 | ) | — | (0.70 | ) | 9.98 | 7.47 | 582,861 | 0.51 | 7.03 | 0.51 | 148 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006 | 10.00 | 0.04 | (0.04 | ) | — | (0.04 | ) | — | (0.04 | ) | 9.96 | 0.02 | 106,405 | 0.56 | 5.24 | 0.80 | 9 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.99 | 0.67 | (1.07 | ) | (0.40 | ) | (0.67 | ) | (0.02 | ) | (0.69 | ) | 8.90 | (4.25 | ) | 6,591 | 0.82 | 7.01 | 0.82 | 134 | ||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2007 | 9.94 | 0.60 | 0.06 | 0.66 | (0.61 | ) | — | (0.61 | ) | 9.99 | 6.87 | 10,310 | 0.79 | 6.83 | 0.79 | 148 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2008 | 9.52 | 0.40 | (0.61 | ) | (0.21 | ) | (0.39 | ) | (0.02 | ) | (0.41 | ) | 8.90 | (2.31 | ) | 216 | 1.49 | 6.43 | 1.49 | 134 |
214
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Seix High Yield Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 10.84 | $ | 0.80 | $ | (1.06 | ) | $ | (0.26 | ) | $ | (0.81 | ) | $ | — | $ | (0.81 | ) | $ | 9.77 | (2.50 | )% | $ | 663,081 | 0.49 | % | 7.70 | % | 0.50 | % | 117 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.69 | 0.74 | 0.15 | 0.89 | (0.74 | ) | — | (0.74 | ) | 10.84 | 8.68 | 1,116,851 | 0.48 | 6.92 | 0.48 | 130 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.94 | 0.68 | (0.10 | ) | 0.58 | (0.68 | ) | (0.15 | ) | (0.83 | ) | 10.69 | 5.37 | 1,217,679 | 0.49 | 6.20 | 0.50 | 95 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.42 | 0.29 | (0.35 | ) | (0.06 | ) | (0.29 | ) | (0.13 | ) | (0.42 | ) | 10.94 | (0.53 | ) | 1,391,879 | 0.51 | 6.22 | 0.57 | 42 | ||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2004†† | 11.09 | 0.72 | 0.35 | 1.07 | (0.72 | ) | (0.02 | ) | (0.74 | ) | 11.42 | 9.97 | 1,689,327 | 0.55 | 6.48 | 0.64 | 73 | |||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2003 | 10.17 | 0.68 | 0.92 | 1.60 | (0.68 | ) | — | (0.68 | ) | 11.09 | 16.10 | 1,057,993 | 0.55 | 6.67 | 0.67 | 108 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.60 | 0.77 | (1.04 | ) | (0.27 | ) | (0.78 | ) | — | (0.78 | ) | 9.55 | (2.65 | ) | 21,640 | 0.75 | 7.68 | 0.75 | 117 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.45 | 0.72 | 0.15 | 0.87 | (0.72 | ) | — | (0.72 | ) | 10.60 | 8.61 | 29,517 | 0.74 | 6.82 | 0.74 | 130 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.70 | 0.65 | (0.10 | ) | 0.55 | (0.65 | ) | (0.15 | ) | (0.80 | ) | 10.45 | 5.22 | 36,291 | 0.73 | 5.94 | 0.73 | 95 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.18 | 0.28 | (0.35 | ) | (0.07 | ) | (0.28 | ) | (0.13 | ) | (0.41 | ) | 10.70 | (0.64 | ) | 9,706 | 0.78 | 6.12 | 0.85 | 42 | ||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2004†† | 10.75 | 0.56 | 0.45 | 1.01 | (0.56 | ) | (0.02 | ) | (0.58 | ) | 11.18 | 9.73 | 15,975 | 0.80 | 6.22 | 0.88 | 73 | |||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2003 | 9.78 | 0.68 | 0.82 | 1.50 | (0.53 | ) | — | (0.53 | ) | 10.75 | 15.72 | 14,992 | 0.90 | 6.45 | 0.93 | 108 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.83 | 0.70 | (1.05 | ) | (0.35 | ) | (0.71 | ) | — | (0.71 | ) | 9.77 | (3.40 | ) | 4,012 | 1.50 | 6.75 | 1.50 | 117 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.68 | 0.63 | 0.15 | 0.78 | (0.63 | ) | — | (0.63 | ) | 10.83 | 7.62 | 4,970 | 1.48 | 5.92 | 1.48 | 130 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.93 | 0.58 | (0.10 | ) | 0.48 | (0.58 | ) | (0.15 | ) | (0.73 | ) | 10.68 | 4.45 | 5,814 | 1.39 | 5.25 | 1.48 | 95 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 11.42 | 0.26 | (0.36 | ) | (0.10 | ) | (0.26 | ) | (0.13 | ) | (0.39 | ) | 10.93 | (0.89 | ) | 3,260 | 1.41 | 5.46 | 1.54 | 42 | ||||||||||||||||||||||||||||||||||||
Period Ended October 31, 2004†† | 11.32 | 0.04 | 0.10 | 0.14 | (0.04 | ) | — | (0.04 | ) | 11.42 | 1.20 | 1 | 1.18 | 6.29 | 1.41 | 73 | ||||||||||||||||||||||||||||||||||||||||
Short-Term Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.78 | 0.45 | 0.09 | 0.54 | (0.45 | ) | — | (0.45 | ) | 9.87 | 5.63 | 390,659 | 0.45 | 4.58 | 0.46 | 152 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.71 | 0.43 | (a) | 0.07 | 0.50 | (0.43 | ) | — | (0.43 | ) | 9.78 | 5.23 | 426,757 | 0.46 | 4.38 | 0.46 | 104 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.73 | 0.32 | (0.01 | ) | 0.31 | (0.33 | ) | — | (0.33 | ) | 9.71 | 3.24 | 281,282 | 0.55 | 3.32 | 0.57 | 94 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.84 | 0.20 | (0.11 | ) | 0.09 | (0.20 | ) | — | (0.20 | ) | 9.73 | 0.96 | 288,502 | 0.66 | 2.48 | 0.71 | 64 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.04 | 0.24 | (a) | (0.19 | ) | 0.05 | (0.25 | ) | — | (0.25 | ) | 9.84 | 0.45 | 282,188 | 0.70 | 2.42 | 0.75 | 66 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.01 | 0.33 | 0.03 | 0.36 | (0.33 | ) | — | (0.33 | ) | 10.04 | 3.70 | 302,708 | 0.70 | 3.34 | 0.75 | 89 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.81 | 0.43 | 0.08 | 0.51 | (0.43 | ) | — | (0.43 | ) | 9.89 | 5.30 | 3,767 | 0.65 | 4.38 | 0.66 | 152 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.73 | 0.41 | (a) | 0.08 | 0.49 | (0.41 | ) | — | (0.41 | ) | 9.81 | 5.11 | 3,742 | 0.66 | 4.15 | 0.66 | 104 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.75 | 0.30 | (0.01 | ) | 0.29 | (0.31 | ) | — | (0.31 | ) | 9.73 | 3.01 | 5,062 | 0.77 | 3.09 | 0.79 | 94 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.87 | 0.19 | (0.12 | ) | 0.07 | (0.19 | ) | — | (0.19 | ) | 9.75 | 0.67 | 5,783 | 0.89 | 2.26 | 1.00 | 64 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.07 | 0.22 | (a) | (0.20 | ) | 0.02 | (0.22 | ) | — | (0.22 | ) | 9.87 | 0.24 | 5,880 | 0.91 | 2.21 | 1.21 | 66 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.04 | 0.31 | 0.03 | 0.34 | (0.31 | ) | — | (0.31 | ) | 10.07 | 3.47 | 5,685 | 0.91 | 3.09 | 1.28 | 89 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.81 | 0.35 | 0.08 | 0.43 | (0.35 | ) | — | (0.35 | ) | 9.89 | 4.46 | 3,477 | 1.46 | 3.58 | 1.46 | 152 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.73 | 0.33 | (a) | 0.08 | 0.41 | (0.33 | ) | — | (0.33 | ) | 9.81 | 4.29 | 4,501 | 1.46 | 3.33 | 1.46 | 104 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.75 | 0.24 | (0.01 | ) | 0.23 | (0.25 | ) | — | (0.25 | ) | 9.73 | 2.34 | 9,559 | 1.42 | 2.44 | 1.59 | 94 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.86 | 0.16 | (0.11 | ) | 0.05 | (0.16 | ) | — | (0.16 | ) | 9.75 | 0.46 | 15,114 | 1.26 | 1.88 | 1.74 | 64 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.06 | 0.19 | (a) | (0.20 | ) | (0.01 | ) | (0.19 | ) | — | (0.19 | ) | 9.86 | (0.11 | ) | 23,528 | 1.26 | 1.87 | 1.87 | 66 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.03 | 0.28 | 0.03 | 0.31 | (0.28 | ) | — | (0.28 | ) | 10.06 | 3.11 | 32,608 | 1.26 | 2.74 | 1.85 | 89 |
215
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | Distributions | from | Total | Asset | to | to | Waivers, | ||||||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | from Tax | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Return of | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | ||||||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Capital | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | ||||||||||||||||||||||||||||||||||||||||||||||
Short-Term U.S. Treasury Securities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 9.86 | $ | 0.42 | $ | 0.40 | $ | 0.82 | $ | (0.42 | ) | $ | — | $ | — | $ | (0.42 | ) | $ | 10.26 | 8.56 | % | $ | 62,416 | 0.48 | % | 4.24 | % | 0.49 | % | 66 | % | ||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.80 | 0.39 | 0.06 | 0.45 | (0.39 | ) | — | — | (0.39 | ) | 9.86 | 4.64 | 55,459 | 0.48 | 3.93 | 0.48 | 87 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.91 | 0.28 | (0.11 | ) | 0.17 | (0.28 | ) | — | — | (0.28 | ) | 9.80 | 1.70 | 54,991 | 0.58 | 2.79 | 0.63 | 151 | ||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.11 | 0.14 | (0.11 | ) | 0.03 | (0.14 | ) | — | (0.09 | ) | (0.23 | ) | 9.91 | 0.35 | 69,935 | 0.65 | 1.68 | 0.71 | 82 | |||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.36 | 0.14 | (a) | (0.13 | ) | 0.01 | (0.14 | ) | — | (0.12 | ) | (0.26 | ) | 10.11 | 0.11 | 92,371 | 0.70 | 1.36 | 0.76 | 131 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.20 | 0.22 | 0.22 | 0.44 | (0.22 | ) | — | (0.06 | ) | (0.28 | ) | 10.36 | 4.31 | 121,617 | 0.69 | 2.07 | 0.75 | 140 | ||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.85 | 0.41 | 0.40 | 0.81 | (0.41 | ) | — | — | (0.41 | ) | 10.25 | 8.37 | 3,800 | 0.66 | 4.07 | 0.67 | 66 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.79 | 0.37 | 0.06 | 0.43 | (0.37 | ) | — | — | (0.37 | ) | 9.85 | 4.46 | 3,974 | 0.66 | 3.75 | 0.66 | 87 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.90 | 0.26 | (0.11 | ) | 0.15 | (0.26 | ) | — | — | (0.26 | ) | 9.79 | 1.52 | 4,336 | 0.76 | 2.60 | 0.82 | 151 | ||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.10 | 0.13 | (0.11 | ) | 0.02 | (0.13 | ) | — | (0.09 | ) | (0.22 | ) | 9.90 | 0.21 | 6,349 | 0.84 | 1.47 | 0.95 | 82 | |||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.35 | 0.12 | (a) | (0.13 | ) | (0.01 | ) | (0.12 | ) | — | (0.12 | ) | (0.24 | ) | 10.10 | (0.06 | ) | 12,823 | 0.86 | 1.20 | 1.06 | 131 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.19 | 0.20 | 0.22 | 0.42 | (0.20 | ) | — | (0.06 | ) | (0.26 | ) | 10.35 | 4.13 | 15,558 | 0.86 | 1.76 | 1.07 | 140 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.84 | 0.32 | 0.41 | 0.73 | (0.32 | ) | — | — | (0.32 | ) | 10.25 | 7.60 | 8,839 | 1.48 | 3.27 | 1.50 | 66 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.78 | 0.29 | 0.06 | 0.35 | (0.29 | ) | — | — | (0.29 | ) | 9.84 | 3.62 | 11,378 | 1.48 | 2.90 | 1.48 | 87 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.89 | 0.20 | (0.11 | ) | 0.09 | (0.20 | ) | — | — | (0.20 | ) | 9.78 | 0.88 | 19,958 | 1.39 | 1.99 | 1.65 | 151 | ||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.09 | 0.10 | (0.11 | ) | (0.01 | ) | (0.10 | ) | — | (0.09 | ) | (0.19 | ) | 9.89 | (0.03 | ) | 33,796 | 1.12 | 1.22 | 1.74 | 82 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.34 | 0.10 | (a) | (0.13 | ) | (0.03 | ) | (0.10 | ) | — | (0.12 | ) | (0.22 | ) | 10.09 | (0.30 | ) | 62,232 | 1.11 | 0.97 | 1.82 | 131 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.18 | 0.17 | 0.22 | 0.39 | (0.17 | ) | — | (0.06 | ) | (0.23 | ) | 10.34 | 3.88 | 127,757 | 1.11 | 1.59 | 1.79 | 140 | ||||||||||||||||||||||||||||||||||||||||||
Strategic Income Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.88 | 0.60 | (a) | (0.27 | ) | 0.33 | (0.61 | ) | — | — | (0.61 | ) | 9.60 | 3.43 | 62,581 | 0.69 | 6.16 | 0.71 | 439 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.64 | 0.50 | (a) | 0.31 | 0.81 | (0.40 | ) | (0.17 | ) | — | (0.57 | ) | 9.88 | 8.66 | 86,812 | 0.71 | 5.20 | 0.73 | 397 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.24 | 0.43 | (a) | (0.41 | ) | 0.02 | (0.44 | ) | — | (0.18 | ) | (0.62 | ) | 9.64 | 0.19 | 243,001 | 0.76 | 4.35 | 0.79 | 317 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.81 | 0.39 | (a) | 0.49 | 0.88 | (0.39 | ) | — | (0.06 | ) | (0.45 | ) | 10.24 | 9.10 | 196,921 | 0.86 | 4.55 | 0.96 | 305 | |||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.99 | 0.55 | (a) | (0.14 | ) | 0.41 | (0.53 | ) | — | (0.06 | ) | (0.59 | ) | 9.81 | 4.15 | 98,570 | 0.90 | 5.53 | 1.00 | 95 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.80 | 0.61 | 0.20 | 0.81 | (0.62 | ) | — | — | (0.62 | ) | 9.99 | 8.73 | 61,906 | 0.91 | 6.39 | 1.01 | 52 | |||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.92 | 0.57 | (a) | (0.27 | ) | 0.30 | (0.58 | ) | — | — | (0.58 | ) | 9.64 | 3.10 | 1,226 | 0.99 | 5.84 | 1.00 | 439 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.68 | 0.49 | (a) | 0.30 | 0.79 | (0.39 | ) | (0.16 | ) | — | (0.55 | ) | 9.92 | 8.31 | 1,144 | 1.01 | 5.10 | 1.03 | 397 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.27 | 0.41 | (a) | (0.41 | ) | — | (0.41 | ) | — | (0.18 | ) | (0.59 | ) | 9.68 | (0.01 | ) | 1,740 | 1.10 | 4.08 | 1.16 | 317 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.82 | 0.39 | (a) | 0.49 | 0.88 | (0.37 | ) | — | (0.06 | ) | (0.43 | ) | 10.27 | 9.04 | 3,795 | 1.15 | 4.59 | 1.37 | 305 | |||||||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 9.93 | 0.33 | (a) | (0.07 | ) | 0.26 | (0.31 | ) | — | (0.06 | ) | (0.37 | ) | 9.82 | 2.59 | 4,181 | 1.15 | 5.15 | 1.60 | 95 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.88 | 0.50 | (a) | (0.26 | ) | 0.24 | (0.51 | ) | — | — | (0.51 | ) | 9.61 | 2.50 | 24,777 | 1.70 | 5.17 | 1.71 | 439 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.65 | 0.43 | (a) | 0.28 | 0.71 | (0.34 | ) | (0.14 | ) | — | (0.48 | ) | 9.88 | 7.48 | 32,864 | 1.71 | 4.43 | 1.73 | 397 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.24 | 0.35 | (a) | (0.41 | ) | (0.06 | ) | (0.35 | ) | — | (0.18 | ) | (0.53 | ) | 9.65 | (0.57 | ) | 46,679 | 1.63 | 3.53 | 1.83 | 317 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.81 | 0.37 | (a) | 0.46 | 0.83 | (0.34 | ) | — | (0.06 | ) | (0.40 | ) | 10.24 | 8.60 | 79,792 | 1.42 | 4.34 | 1.98 | 305 | |||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 9.99 | 0.50 | (a) | (0.14 | ) | 0.36 | (0.48 | ) | — | (0.06 | ) | (0.54 | ) | 9.81 | 3.59 | 117,216 | 1.43 | 4.98 | 2.03 | 95 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.80 | 0.57 | 0.19 | 0.76 | (0.57 | ) | — | — | (0.57 | ) | 9.99 | 8.16 | 129,965 | 1.43 | 5.67 | 2.04 | 52 |
216
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
Total Return Bond Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 9.96 | $ | 0.51 | $ | 0.14 | $ | 0.65 | $ | (0.51 | ) | $ | — | $ | (0.51 | ) | $ | 10.10 | 6.74 | % | $ | 630,451 | 0.30 | % | 5.14 | % | 0.30 | % | 248 | % | ||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.86 | 0.48 | 0.11 | 0.59 | (0.49 | ) | — | (0.49 | ) | 9.96 | 6.16 | 601,676 | 0.30 | 4.97 | 0.30 | 310 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.12 | 0.41 | (0.24 | ) | 0.17 | (0.42 | ) | (0.01 | ) | (0.43 | ) | 9.86 | 1.68 | 497,730 | 0.29 | 4.01 | 0.29 | 236 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.30 | 0.15 | (0.14 | ) | 0.01 | (0.14 | ) | (0.05 | ) | (0.19 | ) | 10.12 | 0.09 | 176,537 | 0.37 | 3.12 | 0.37 | 150 | ||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2004†† | 10.31 | 0.31 | 0.23 | 0.54 | (0.32 | ) | (0.23 | ) | (0.55 | ) | 10.30 | 5.49 | 56,019 | 0.45 | 3.03 | 0.59 | 330 | |||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2003 | 10.00 | 0.30 | 0.35 | 0.65 | (0.34 | ) | — | (0.34 | ) | 10.31 | 6.58 | 33,662 | 0.45 | 3.10 | 0.51 | 463 | ||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.26 | 0.49 | 0.14 | 0.63 | (0.49 | ) | — | (0.49 | ) | 10.40 | 6.28 | 269 | 0.54 | 4.76 | 0.54 | 248 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.15 | 0.46 | 0.12 | 0.58 | (0.47 | ) | — | (0.47 | ) | 10.26 | 5.82 | 324 | 0.54 | 4.57 | 0.54 | 310 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.41 | 0.38 | (0.24 | ) | 0.14 | (0.39 | ) | (0.01 | ) | (0.40 | ) | 10.15 | 1.38 | 493 | 0.56 | 3.67 | 0.56 | 236 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.60 | 0.12 | (a) | (0.13 | ) | (0.01 | ) | (0.13 | ) | (0.05 | ) | (0.18 | ) | 10.41 | (0.11 | ) | 267 | 0.62 | 2.78 | 0.62 | 150 | |||||||||||||||||||||||||||||||||||
Year Ended October 31, 2004†† | 10.49 | 0.18 | 0.35 | 0.53 | (0.19 | ) | (0.23 | ) | (0.42 | ) | 10.60 | 5.22 | 417 | 0.70 | 2.80 | 0.83 | 330 | |||||||||||||||||||||||||||||||||||||||
Year Ended October 31, 2003 | 10.08 | 0.29 | 0.34 | 0.63 | (0.22 | ) | — | (0.22 | ) | 10.49 | 6.24 | 303 | 0.68 | 2.66 | 0.68 | 463 | ||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.96 | 0.41 | 0.14 | 0.55 | (0.41 | ) | — | (0.41 | ) | 10.10 | 5.68 | 40 | 1.30 | 4.13 | 1.30 | 248 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.86 | 0.38 | 0.11 | 0.49 | (0.39 | ) | — | (0.39 | ) | 9.96 | 5.10 | 29 | 1.30 | 3.96 | 1.30 | 310 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.12 | 0.32 | (0.24 | ) | 0.08 | (0.33 | ) | (0.01 | ) | (0.34 | ) | 9.86 | 0.76 | 28 | 1.24 | 3.10 | 1.27 | 236 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005 | 10.30 | 0.11 | (0.13 | ) | (0.02 | ) | (0.11 | ) | (0.05 | ) | (0.16 | ) | 10.12 | (0.17 | ) | 1 | 1.01 | 2.50 | 1.37 | 150 | ||||||||||||||||||||||||||||||||||||
Period Ended October 31, 2004†† | 10.25 | 0.01 | 0.06 | 0.07 | (0.02 | ) | — | (0.02 | ) | 10.30 | 0.65 | 1 | 1.10 | 2.71 | 1.41 | 330 | ||||||||||||||||||||||||||||||||||||||||
Ultra-Short Bond Fund(b) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.00 | 0.47 | (0.09 | ) | 0.38 | (0.47 | ) | — | (0.47 | ) | 9.91 | 3.89 | 87,892 | 0.30 | 4.72 | 0.33 | 126 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.96 | 0.48 | 0.05 | 0.53 | (0.49 | ) | — | (0.49 | ) | 10.00 | 5.44 | 85,646 | 0.28 | 4.58 | 0.28 | 96 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.00 | 0.36 | (0.04 | ) | 0.32 | (0.36 | ) | — | (0.36 | ) | 9.96 | 3.23 | 245,257 | 0.30 | 3.61 | 0.37 | 114 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.05 | 0.15 | (0.05 | ) | 0.10 | (0.15 | ) | — | (0.15 | ) | 10.00 | 1.22 | 74,259 | 0.31 | 1.89 | 0.81 | 44 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.10 | 0.15 | (a) | (0.05 | ) | 0.10 | (0.15 | ) | — | (0.15 | ) | 10.05 | 1.01 | 112,453 | 0.31 | 1.50 | 0.86 | 83 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.00 | 0.20 | 0.10 | 0.30 | (0.20 | ) | — | (0.20 | ) | 10.10 | 3.16 | 146,590 | 0.31 | 1.84 | 0.86 | 56 | ||||||||||||||||||||||||||||||||||||||||
U.S. Government Securities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.29 | 0.50 | 0.30 | 0.80 | (0.50 | ) | — | (0.50 | ) | 10.59 | 8.04 | 491,970 | 0.55 | 4.89 | 0.55 | 134 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.19 | 0.47 | 0.11 | 0.58 | (0.48 | ) | — | (0.48 | ) | 10.29 | 5.86 | 535,056 | 0.55 | 4.70 | 0.55 | 131 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.42 | 0.37 | (0.20 | ) | 0.17 | (0.40 | ) | — | (0.40 | ) | 10.19 | 1.66 | 316,475 | 0.65 | 3.63 | 0.65 | 118 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.35 | 0.29 | 0.09 | 0.38 | (0.31 | ) | — | (0.31 | ) | 10.42 | 3.74 | 319,058 | 0.77 | 3.41 | 0.80 | 64 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.93 | 0.31 | (a) | (0.50 | ) | (0.19 | ) | (0.35 | ) | (0.04 | ) | (0.39 | ) | 10.35 | (1.77 | ) | 298,997 | 0.81 | 2.95 | 0.84 | 240 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.47 | 0.44 | 0.51 | 0.95 | (0.46 | ) | (0.03 | ) | (0.49 | ) | 10.93 | 9.25 | 258,585 | 0.81 | 4.00 | 0.84 | 150 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.29 | 0.47 | 0.30 | 0.77 | (0.47 | ) | — | (0.47 | ) | 10.59 | 7.72 | 3,496 | 0.85 | 4.61 | 0.85 | 134 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.19 | 0.44 | 0.11 | 0.55 | (0.45 | ) | — | (0.45 | ) | 10.29 | 5.54 | 2,849 | 0.85 | 4.40 | 0.85 | 131 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.41 | 0.32 | (0.17 | ) | 0.15 | (0.37 | ) | — | (0.37 | ) | 10.19 | 1.43 | 3,032 | 0.99 | 3.31 | 0.99 | 118 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.35 | 0.26 | 0.08 | 0.34 | (0.28 | ) | — | (0.28 | ) | 10.41 | 3.32 | 3,080 | 1.17 | 3.17 | 1.28 | 64 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.93 | 0.27 | (a) | (0.50 | ) | (0.23 | ) | (0.31 | ) | (0.04 | ) | (0.35 | ) | 10.35 | (2.17 | ) | 8,484 | 1.22 | 2.54 | 1.52 | 240 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.47 | 0.40 | 0.51 | 0.91 | (0.42 | ) | (0.03 | ) | (0.45 | ) | 10.93 | 8.79 | 9,333 | 1.22 | 3.59 | 1.45 | 150 |
217
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | Portfolio | |||||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | Turnover | |||||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | Rate(3) | |||||||||||||||||||||||||||||||||||||||||||
U.S. Government Securities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 10.29 | $ | 0.40 | $ | 0.30 | $ | 0.70 | $ | (0.40 | ) | $ | — | $ | (0.40 | ) | $ | 10.59 | 6.97 | % | $ | 4,222 | 1.55 | % | 3.90 | % | 1.55 | % | 134 | % | ||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.19 | 0.37 | 0.11 | 0.48 | (0.38 | ) | — | (0.38 | ) | 10.29 | 4.81 | 5,121 | 1.55 | 3.67 | 1.55 | 131 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.41 | 0.27 | (0.19 | ) | 0.08 | (0.30 | ) | — | (0.30 | ) | 10.19 | 0.76 | 7,909 | 1.66 | 2.60 | 1.68 | 118 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.35 | 0.21 | 0.08 | 0.29 | (0.23 | ) | — | (0.23 | ) | 10.41 | 2.83 | 12,229 | 1.74 | 2.50 | 1.85 | 64 | ||||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.93 | 0.22 | (a) | (0.50 | ) | (0.28 | ) | (0.26 | ) | (0.04 | ) | (0.30 | ) | 10.35 | (2.67 | ) | 18,993 | 1.73 | 2.04 | 1.97 | 240 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.48 | 0.34 | 0.50 | 0.84 | (0.36 | ) | (0.03 | ) | (0.39 | ) | 10.93 | 8.14 | 39,423 | 1.73 | 3.10 | 1.93 | 150 | |||||||||||||||||||||||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund(b) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 9.95 | 0.43 | 0.10 | 0.53 | (0.45 | ) | — | (0.45 | ) | 10.03 | 5.41 | 62,904 | 0.28 | 4.33 | 0.33 | 140 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 9.85 | 0.42 | 0.11 | 0.53 | (0.43 | ) | — | (0.43 | ) | 9.95 | 5.50 | 34,411 | 0.29 | 4.23 | 0.33 | 141 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 9.90 | 0.36 | (0.06 | ) | 0.30 | (0.35 | ) | — | (0.35 | ) | 9.85 | 3.12 | 42,616 | 0.29 | 3.41 | 0.47 | 126 | |||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 9.95 | 0.20 | (0.05 | ) | 0.15 | (0.20 | ) | — | (0.20 | ) | 9.90 | 1.36 | 49,623 | 0.18 | 2.02 | 0.71 | 42 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.00 | 0.15 | (a) | (0.05 | ) | 0.10 | (0.15 | ) | — | (0.15 | ) | 9.95 | 1.01 | 77,360 | 0.24 | 1.25 | 0.77 | 109 | ||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 9.95 | 0.20 | 0.06 | 0.26 | (0.20 | ) | (0.01 | ) | (0.21 | ) | 10.00 | 2.80 | 95,277 | 0.23 | 1.76 | 0.76 | 87 | |||||||||||||||||||||||||||||||||||||||
Virginia Intermediate Municipal Bond Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.11 | 0.37 | (0.02 | ) | 0.35 | (0.37 | ) | — | (0.37 | ) | 10.09 | 3.51 | 204,507 | 0.60 | 3.65 | 0.60 | 28 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.01 | 0.36 | 0.10 | 0.46 | (0.36 | ) | — | (0.36 | ) | 10.11 | 4.67 | 214,908 | 0.59 | 3.59 | 0.60 | 54 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.11 | 0.34 | (0.03 | ) | 0.31 | (0.34 | ) | (0.07 | ) | (0.41 | ) | 10.01 | 3.05 | 169,743 | 0.65 | 3.33 | 0.66 | 54 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.15 | 0.28 | 0.05 | 0.33 | (0.28 | ) | (0.09 | ) | (0.37 | ) | 10.11 | 3.21 | 176,959 | 0.71 | 3.23 | 0.71 | 46 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.68 | 0.34 | (a) | (0.44 | ) | (0.10 | ) | (0.34 | ) | (0.09 | ) | (0.43 | ) | 10.15 | (1.00 | ) | 181,558 | 0.75 | 3.23 | 0.75 | 26 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.29 | 0.36 | 0.49 | 0.85 | (0.36 | ) | (0.10 | ) | (0.46 | ) | 10.68 | 8.43 | 206,432 | 0.75 | 3.45 | 0.75 | 30 | |||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.11 | 0.35 | (0.02 | ) | 0.33 | (0.35 | ) | — | (0.35 | ) | 10.09 | 3.36 | 6,232 | 0.75 | 3.50 | 0.75 | 28 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.01 | 0.35 | 0.10 | 0.45 | (0.35 | ) | — | (0.35 | ) | 10.11 | 4.52 | 5,395 | 0.74 | 3.43 | 0.75 | 54 | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 10.11 | 0.33 | (0.03 | ) | 0.30 | (0.33 | ) | (0.07 | ) | (0.40 | ) | 10.01 | 2.92 | 5,480 | 0.79 | 3.22 | 0.82 | 54 | ||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 10.15 | 0.27 | 0.05 | 0.32 | (0.27 | ) | (0.09 | ) | (0.36 | ) | 10.11 | 3.14 | 7,143 | 0.80 | 3.16 | 0.90 | 46 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 10.68 | 0.33 | (a) | (0.44 | ) | (0.11 | ) | (0.33 | ) | (0.09 | ) | (0.42 | ) | 10.15 | (1.04 | ) | 10,566 | 0.79 | 3.19 | 1.04 | 26 | |||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 10.29 | 0.36 | 0.49 | 0.85 | (0.36 | ) | (0.10 | ) | (0.46 | ) | 10.68 | 8.38 | 10,484 | 0.79 | 3.40 | 1.07 | 30 | |||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 10.11 | 0.27 | (0.02 | ) | 0.25 | (0.27 | ) | — | (0.27 | ) | 10.09 | 2.48 | 3,101 | 1.60 | 2.65 | 1.60 | 28 | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 10.01 | 0.26 | 0.10 | 0.36 | (0.26 | ) | — | (0.26 | ) | 10.11 | 3.64 | 3,289 | 1.60 | 2.63 | 1.61 | 54 | ||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2006 | 10.27 | 0.14 | (0.19 | ) | (0.05 | ) | (0.14 | ) | (0.07 | ) | (0.21 | ) | 10.01 | (0.52 | ) | 9 | 1.62 | 2.35 | 1.62 | 54 |
218
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | ||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | ||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | ||||||||||||||||||||||||||||||||||||||||
Prime Quality Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 1.00 | $ | 0.04 | $ | — | $ | 0.04 | $ | (0.04 | ) | $ | — | $ | (0.04 | ) | $ | 1.00 | 4.46 | %(d) | $ | 3,834,993 | 0.52 | % | 4.34 | %(d) | 0.52 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 4.83 | 3,248,781 | 0.53 | 4.73 | 0.53 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.25 | 2,976,881 | 0.58 | 3.19 | 0.61 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.13 | 3,173,794 | 0.60 | 1.34 | 0.71 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.52 | 3,477,598 | 0.63 | 0.52 | 0.74 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.17 | 4,284,266 | 0.63 | 1.14 | 0.74 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.30 | (d) | 6,523,136 | 0.67 | 4.21 | (d) | 0.67 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 4.67 | 5,917,224 | 0.68 | 4.59 | 0.68 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.08 | 4,011,561 | 0.74 | 3.16 | 0.76 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.96 | 2,124,606 | 0.80 | 1.17 | 0.91 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.34 | 1,851,615 | 0.81 | 0.34 | 0.95 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.98 | 1,925,521 | 0.81 | 0.96 | 0.94 | |||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.20 | (d) | 4,129 | 0.77 | 4.11 | (d) | 0.77 | |||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.57 | 3,733 | 0.78 | 4.47 | 0.78 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.01 | 3,991 | 0.82 | 2.81 | 1.10 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.94 | 10,093 | 0.83 | 0.99 | 1.48 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.22 | 25,444 | 0.93 | 0.21 | 1.59 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.54 | 14,633 | 1.25 | 0.53 | 1.62 | |||||||||||||||||||||||||||||||||||||
Tax-Exempt Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.94 | 1,573,560 | 0.48 | 2.85 | 0.48 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.15 | 1,157,688 | 0.48 | 3.10 | 0.48 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | 2.27 | 1,172,717 | 0.50 | 2.25 | 0.53 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.90 | 936,272 | 0.51 | 1.04 | 0.61 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.48 | 978,548 | 0.55 | 0.46 | 0.64 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.81 | 1,088,415 | 0.54 | 0.79 | 0.64 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.78 | 590,345 | 0.63 | 2.75 | 0.63 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.00 | 594,416 | 0.63 | 2.95 | 0.63 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | 2.12 | 671,164 | 0.65 | 2.10 | 0.68 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.78 | 402,333 | 0.65 | 0.92 | 0.75 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.35 | 274,543 | 0.67 | 0.34 | 0.80 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.68 | 239,451 | 0.67 | 0.67 | 0.79 | |||||||||||||||||||||||||||||||||||||
U.S. Government Securities Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.12 | 2,108,351 | 0.58 | 3.71 | 0.58 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 4.62 | 691,145 | 0.59 | 4.56 | 0.59 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.07 | 413,893 | 0.62 | 2.99 | 0.65 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.03 | 517,253 | 0.62 | 1.24 | 0.71 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.43 | 615,324 | 0.66 | 0.43 | 0.75 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 1.01 | 992,560 | 0.65 | 1.00 | 0.74 |
219
Ratio of | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Ratio of | Expenses to | |||||||||||||||||||||||||||||||||||||||||||||||||||
Net | Ratio of | Net | Average | |||||||||||||||||||||||||||||||||||||||||||||||||
Realized | Net | Investment | Net Assets | |||||||||||||||||||||||||||||||||||||||||||||||||
and | Distributions | Net | Expenses | Income | (Excluding | |||||||||||||||||||||||||||||||||||||||||||||||
Net Asset | Net | Unrealized | Dividends | from | Total | Asset | to | to | Waivers, | |||||||||||||||||||||||||||||||||||||||||||
Value, | Investment | Gains | from Net | Realized | Dividends | Value, | Net Assets, | Average | Average | Reimbursements | ||||||||||||||||||||||||||||||||||||||||||
Beginning | Income | (Losses) on | Total From | Investment | Capital | and | End of | Total | End of | Net | Net | and Expense | ||||||||||||||||||||||||||||||||||||||||
of Period | (Loss) | Investments | Operations | Income | Gains | Distributions | Period | Return(1) | Period (000) | Assets(2) | Assets(2) | Offset)(2) | ||||||||||||||||||||||||||||||||||||||||
U.S. Government Securities Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | $ | 1.00 | $ | 0.04 | $ | — | $ | 0.04 | $ | (0.04 | ) | $ | — | $ | (0.04 | ) | $ | 1.00 | 3.96 | % | $ | 333,593 | 0.74 | % | 3.86 | % | 0.74 | % | ||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.46 | 257,949 | 0.74 | 4.37 | 0.74 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.91 | 253,648 | 0.77 | 2.91 | 0.80 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.89 | 230,041 | 0.78 | 1.06 | 0.88 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.28 | 234,100 | 0.80 | 0.28 | 0.92 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.86 | 250,246 | 0.80 | 0.86 | 0.92 | |||||||||||||||||||||||||||||||||||||
U.S. Treasury Money Market Fund(4) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 3.67 | 1,130,334 | 0.58 | 3.57 | 0.59 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.05 | — | 0.05 | (0.05 | ) | — | (0.05 | ) | 1.00 | 4.61 | 1,025,065 | 0.58 | 4.50 | 0.58 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.99 | 1,650,172 | 0.60 | 2.98 | 0.63 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.99 | 1,407,783 | 0.62 | 1.19 | 0.71 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.37 | 1,233,565 | 0.66 | 0.32 | 0.75 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.88 | 1,080,779 | 0.65 | 0.81 | 0.74 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.52 | 101,460 | 0.73 | 3.03 | 0.74 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.04 | — | 0.04 | (0.04 | ) | — | (0.04 | ) | 1.00 | 4.45 | 31,554 | 0.73 | 4.41 | 0.73 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.84 | 12,366 | 0.75 | 3.12 | 0.76 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.88 | 303 | 0.75 | 0.97 | 1.48 | |||||||||||||||||||||||||||||||||||||
Period Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.15 | 401 | 0.75 | 0.21 | 3.17 | (c) | ||||||||||||||||||||||||||||||||||||||
Virginia Tax-Free Money Market Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.97 | 294,937 | 0.44 | 2.91 | 0.45 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 3.14 | 230,191 | 0.45 | 3.09 | 0.45 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | 2.33 | 226,319 | 0.46 | 2.28 | 0.46 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.94 | 177,377 | 0.46 | 1.07 | 0.46 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.56 | 173,959 | 0.50 | 0.51 | 0.50 | |||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.85 | 219,701 | 0.49 | 0.84 | 0.49 | |||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2008 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.82 | 418,242 | 0.59 | 2.75 | 0.60 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2007 | 1.00 | 0.03 | — | 0.03 | (0.03 | ) | — | (0.03 | ) | 1.00 | 2.98 | 378,541 | 0.60 | 2.94 | 0.60 | |||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2006 | 1.00 | 0.02 | — | 0.02 | (0.02 | ) | — | (0.02 | ) | 1.00 | 2.16 | 303,752 | 0.62 | 2.12 | 0.68 | |||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2005† | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | �� | 1.00 | 0.77 | 197,380 | 0.66 | 0.92 | 0.86 | ||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2004 | 1.00 | — | — | — | — | — | — | 1.00 | 0.38 | 118,339 | 0.67 | 0.34 | 0.90 | |||||||||||||||||||||||||||||||||||||||
Year Ended May 31, 2003 | 1.00 | 0.01 | — | 0.01 | (0.01 | ) | — | (0.01 | ) | 1.00 | 0.67 | 96,325 | 0.67 | 0.66 | 0.90 |
220
(1) | Total return excludes sales charge. Not annualized for periods less than one year. | |
(2) | Annualized for periods less than one year. | |
(3) | Not annualized for periods less than one year. | |
(4) | The following table details the commencement of operations of certain classes of each respective fund. |
Fund | Class | Commencement Date | ||
High Income Fund | C Shares | October 27, 2003 | ||
Intermediate Bond Fund | A Shares | October 11, 2004 | ||
Intermediate Bond Fund | C Shares | October 11, 2004 | ||
Maryland Municipal Bond Fund | A Shares | April 13, 2005 | ||
North Carolina Tax-Exempt Bond Fund | I Shares | January 8, 2004 | ||
North Carolina Tax-Exempt Bond Fund | A Shares | March 21, 2005 | ||
North Carolina Tax-Exempt Bond Fund | C Shares | March 21, 2005 | ||
Seix Floating Rate High Income Fund | I Shares | March 2, 2006 | ||
Seix Floating Rate High Income Fund | A Shares | May 8, 2006 | ||
Seix Floating Rate High Income Fund | C Shares | August 3, 2007 | ||
Seix High Yield Fund | C Shares | October 11, 2004 | ||
Strategic Income Fund | A Shares | October 8, 2003 | ||
Total Return Bond Fund | C Shares | October 11, 2004 | ||
Virginia Intermediate Municipal Bond Fund | C Shares | September 1, 2005 | ||
U.S. Treasury Money Market Fund | A Shares | November 12, 2003 |
(a) | Per share data was calculated using the average shares method. | |
(b) | Financial Highlights per share amounts for the Ultra-Short Bond Fund and the U.S. Government Securities Ultra-Short Bond Fund have been adjusted for a 5:1 reverse stock split and 4.974874:1 reverse stock split, respectively which occurred on April 1, 2005, for the periods ended March 31, 2005, May 31, 2004 and May 31, 2003. | |
(c) | Ratio reflects the impact of the initial low level of average net assets associated with commencement of operations. | |
(d) | During the year ended March 31, 2008, the Fund received certain payments by an affiliate. Absent these payments, the ratio of net investment income to average net assets would have been 4.14% for I Shares, 4.01% for A Shares and 3.91% for C Shares. There was no impact to the total return as a result of these payments. | |
(e) | Class C was operational during a portion of the year only. Amounts reflect performance for the period of time the class had operations, which was 25 days during the period for North Carolina Tax-Exempt Bond Fund. The net asset value, end of period, presented for North Carolina Tax-Exempt Bond Fund C Shares was as of April 25, 2007, the last day the fund was operational. | |
† | Effective June 1, 2004, the Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds except for the Funds noted below: |
Change to Net | ||||||||||||||||||||
Change to Net | Realized and | Change to Ratio of Net Investment | ||||||||||||||||||
Investment | Unrealized Gains | Income to Average Net Assets | ||||||||||||||||||
Income Per Share($) | (Losses) Per Share($) | I Shares(%) | A Shares(%) | C Shares(%) | ||||||||||||||||
Georgia Tax-Exempt Bond Fund | 0.01 | (0.01 | ) | 0.16 | 0.14 | 0.14 | ||||||||||||||
Investment Grade Bond Fund | 0.01 | (0.01 | ) | 0.18 | 0.14 | 0.14 | ||||||||||||||
Investment Grade Tax-Exempt Bond Fund | (0.01 | ) | 0.01 | (0.08 | ) | (0.07 | ) | (0.06 | ) | |||||||||||
Limited-Term Federal Mortgage Securities Fund | 0.04 | (0.04 | ) | 0.47 | 0.42 | 0.36 | ||||||||||||||
Maryland Municipal Bond Fund | (0.01 | ) | 0.01 | (0.07 | ) | (0.06 | ) | — | ||||||||||||
North Carolina Tax-Exempt Bond Fund | (0.02 | ) | 0.02 | (0.20 | ) | — | — | |||||||||||||
Short-Term Bond Fund | 0.01 | (0.01 | ) | 0.08 | 0.07 | 0.06 | ||||||||||||||
Strategic Income Fund | 0.01 | (0.01 | ) | 0.22 | 0.14 | 0.13 | ||||||||||||||
U.S. Government Securities Fund | 0.02 | (0.02 | ) | 0.23 | 0.11 | 0.17 | ||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 0.01 | (0.01 | ) | 0.24 | — | — |
†† | Effective November 1, 2003, these Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds except for the Fund noted below: |
Change to Net | ||||||||||||||||||||
Change to Net | Realized and | Change to Ratio of Net Investment | ||||||||||||||||||
Investment | Unrealized Gains | Income to Average Net Assets | ||||||||||||||||||
Income Per Share($) | (Losses) Per Share($) | I Shares(%) | A Shares(%) | C Shares(%) | ||||||||||||||||
Seix High Yield Fund | 0.01 | (0.01 | ) | 0.06 | 0.05 | 0.84 |
Amounts designated as “—” are $0 or have been rounded to $0. |
221
1. | Organization |
2. | Reorganizations |
222
Before Reorganization | After Reorganization | |||||||||||
High Quality | Intermediate | Intermediate | ||||||||||
Bond Fund | Bond Fund | Bond Fund | ||||||||||
Shares | 3,484,579 | 6,031,180 | 9,440,405 | |||||||||
Net Assets | $ | 33,737,909 | $ | 59,685,005 | $ | 93,422,914 | ||||||
Net Asset Value: | ||||||||||||
I Shares | $ | 9.68 | $ | 9.90 | $ | 9.90 | ||||||
Net unrealized depreciation | $ | (120,650 | ) | $ | (230,831 | ) | $ | (351,481 | ) |
Before Reorganization | After Reorganization | |||||||||||
Total Return | Core Bond | |||||||||||
Bond Fund | Core Bond Fund | Fund* | ||||||||||
Shares | 6,691,066 | 51,166,306 | 57,763,510 | |||||||||
Net Assets | $ | 65,561,317 | $ | 508,477,671 | $ | 574,038,988 | ||||||
Net Asset Value: | ||||||||||||
I Shares | $ | 9.80 | $ | 9.94 | $ | 9.94 | ||||||
Net unrealized depreciation | $ | 162,998 | $ | 1,666,657 | $ | 1,829,655 |
* | Immediately following the reorganization of the Total Return Bond Fund and the Core Bond Fund to form the Core Bond Fund, the reorganized Core Bond Fund was renamed the Total Return Bond Fund. |
223
Before Reorganization | After Reorganization | |||||||||||
Virginia | Virginia | |||||||||||
Intermediate | Intermediate | |||||||||||
Virginia Municipal | Municipal Bond | Municipal Bond | ||||||||||
Bond Fund | Fund | Fund | ||||||||||
Shares | 5,377,872 | 16,831,718 | 22,319,449 | |||||||||
Net Assets | $ | 54,954,122 | $ | 168,557,960 | $ | 223,512,082 | ||||||
Net Asset Value: | ||||||||||||
I Shares | $ | 10.22 | $ | 10.01 | $ | 10.01 | ||||||
A Shares | $ | 10.21 | $ | 10.01 | $ | 10.01 | ||||||
C Shares | $ | 10.26 | $ | 10.01 | $ | 10.01 | ||||||
Net unrealized depreciation | $ | 921,773 | $ | 1,673,902 | $ | 2,595,675 |
3. | Significant Accounting Policies |
224
225
Fee($) | ||||
High Income Fund | 15 | |||
Intermediate Bond Fund | 280 | |||
Investment Grade Bond Fund | 118 | |||
Limited-Term Federal Mortgage Securities Fund | 1 | |||
Seix High Yield Fund | 109 | |||
Short-Term Bond Fund | 61 | |||
Short-Term U.S. Treasury Securities Fund | 32 | |||
Strategic Income Fund | 28 | |||
Total Return Bond Fund | 125 | |||
U.S. Government Securities Fund | 188 |
226
227
228
Year Ended | ||||
03/31/07($) | ||||
Investment Grade Bond Fund | 5 | |||
Investment Grade Tax-Exempt Bond Fund | 766 | |||
Limited-Term Federal Mortgage Securities Fund | 541 | |||
Seix Floating Rate High Income Fund | 1,006 | |||
Seix High Yield Fund | 80 | |||
Short-Term Bond Fund | 265 | |||
Strategic Income Fund | 789 | |||
U.S. Government Securities Fund | 662 | |||
Virginia Intermediate Municipal Bond Fund | 1,440 |
229
4. | Agreements and Other Transactions with Affiliates |
230
Discounted | ||||||||||||||||
Maximum | Annual | Advisory Fees | Net | |||||||||||||
Annual Advisory | Advisory | Waived or | Annual | |||||||||||||
Fee(%) | Fee(%) | Reimbursed(%) | Fees Paid(%) | |||||||||||||
Georgia Tax-Exempt Bond Fund | 0.55 | 0.55 | — | 0.55 | ||||||||||||
High Grade Municipal Bond Fund | 0.55 | 0.55 | — | 0.55 | ||||||||||||
High Income Fund | 0.60 | 0.60 | — | 0.60 | ||||||||||||
Intermediate Bond Fund | 0.25 | 0.25 | — | 0.25 | ||||||||||||
Investment Grade Bond Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
Investment Grade Tax-Exempt Bond Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
Limited Duration Fund | 0.10 | 0.10 | — | 0.10 | ||||||||||||
Limited-Term Federal Mortgage Securities Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
Maryland Municipal Bond Fund | 0.55 | 0.55 | — | 0.55 | ||||||||||||
North Carolina Tax-Exempt Bond Fund | 0.55 | 0.55 | — | 0.55 | ||||||||||||
Seix Floating Rate High Income Fund | 0.45 | 0.45 | — | 0.45 | ||||||||||||
Seix High Yield Fund | 0.45 | 0.44 | — | 0.44 | ||||||||||||
Short-Term Bond Fund | 0.40 | 0.40 | — | 0.40 | ||||||||||||
Short-Term U.S. Treasury Securities Fund | 0.40 | 0.40 | — | 0.40 | ||||||||||||
Strategic Income Fund | 0.60 | 0.60 | — | 0.60 | ||||||||||||
Total Return Bond Fund | 0.25 | 0.25 | — | 0.25 | ||||||||||||
Ultra-Short Bond Fund | 0.22 | 0.22 | — | 0.22 | ||||||||||||
U.S. Government Securities Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 0.20 | 0.20 | (0.04 | ) | 0.16 | |||||||||||
Virginia Intermediate Municipal Bond Fund | 0.55 | 0.55 | — | 0.55 | ||||||||||||
Prime Quality Money Market Fund | 0.55 | 0.48 | — | 0.48 | ||||||||||||
Tax-Exempt Money Market Fund | 0.45 | 0.44 | — | 0.44 | ||||||||||||
U.S. Government Securities Money Market Fund | 0.55 | 0.54 | — | 0.54 | ||||||||||||
U.S. Treasury Money Market Fund | 0.55 | 0.55 | (0.01 | ) | 0.54 | |||||||||||
Virginia Tax-Free Money Market Fund | 0.40 | 0.40 | — | 0.40 |
Contractual | ||||||||
Expense | ||||||||
Limitation(%) | ||||||||
Seix Floating Rate High Income Fund | I Shares | 0.55 | ||||||
Seix Floating Rate High Income Fund | A Shares | 0.85 | ||||||
Seix Floating Rate High Income Fund | C Shares | 1.55 |
231
232
233
Board Approved and | ||||||||
Board Approved and | Charged C Share | |||||||
Charged A Share | Distribution | |||||||
Distribution and Service Fee(%) | and Service Fee(%) | |||||||
Georgia Tax-Exempt Bond Fund | 0.15 | 1.00 | ||||||
High Grade Municipal Bond Fund | 0.15 | 1.00 | ||||||
High Income Fund | 0.30 | 1.00 | ||||||
Intermediate Bond Fund | 0.25 | 1.00 | ||||||
Investment Grade Bond Fund | 0.30 | 1.00 | ||||||
Investment Grade Tax-Exempt Bond Fund | 0.30 | 1.00 | ||||||
Limited-Term Federal Mortgage Securities Fund | 0.20 | 1.00 | ||||||
Maryland Municipal Bond Fund | 0.15 | 1.00 | ||||||
North Carolina Tax-Exempt Bond Fund | 0.15 | 1.00 | ||||||
Seix Floating Rate High Income Fund | 0.30 | 1.00 | ||||||
Seix High Yield Fund | 0.25 | 1.00 | ||||||
Short-Term Bond Fund | 0.20 | 1.00 | ||||||
Short-Term U.S. Treasury Securities Fund | 0.18 | 1.00 | ||||||
Strategic Income Fund | 0.30 | 1.00 | ||||||
Total Return Bond Fund | 0.25 | 1.00 | ||||||
U.S. Government Securities Fund | 0.30 | 1.00 | ||||||
Virginia Intermediate Municipal Bond Fund | 0.15 | 1.00 | ||||||
Prime Quality Money Market Fund | 0.15 | 0.25 | ||||||
Tax-Exempt Money Market Fund | 0.15 | N/A | ||||||
U.S. Government Securities Money Market Fund | 0.15 | N/A | ||||||
U.S. Treasury Money Market Fund | 0.15 | N/A | ||||||
Virginia Tax-Free Money Market Fund | 0.15 | N/A |
Chairman($) | Trustee($) | |||||||
Annual Retainer | 75,000 | 60,000 | ||||||
Regular Meeting Fee | 8,750 | 7,000 | ||||||
Special Meeting Fee | 4,375 | 3,500 | ||||||
Committee Meeting Fee | 4,500 | 3,000 |
234
Chairman($) | Trustee($) | |||||||
Annual Retainer | 55,000 | 44,000 | ||||||
Regular Meeting Fee | 10,000 | 8,000 | ||||||
Special Meeting Fee | 5,000 | 4,000 | ||||||
Committee Meeting Fee | 4,500 | 3,000 |
Fees($) | ||||
High Grade Municipal Bond Fund | — | |||
High Income Fund | 1 | |||
Investment Grade Tax-Exempt Bond Fund | — | |||
Seix Floating Rate High Income Fund | 15 | |||
Seix High Yield Fund | 8 | |||
Prime Quality Money Market Fund | 129 | |||
U.S. Government Securities Money Market Fund | 297 | |||
U.S. Treasury Money Market Fund | 387 |
235
5. | Investment Transactions |
Sales and | ||||||||
Purchases ($) | Maturities ($) | |||||||
Georgia Tax-Exempt Bond Fund | 79,197 | 46,322 | ||||||
High Grade Municipal Bond Fund | 290,762 | 292,015 | ||||||
High Income Fund | 244,345 | 257,838 | ||||||
Intermediate Bond Fund | 456,567 | 106,574 | ||||||
Investment Grade Bond Fund | 226,298 | 150,302 | ||||||
Investment Grade Tax-Exempt Bond Fund | 993,347 | 899,968 | ||||||
Limited Duration Fund | 56,185 | 40,836 | ||||||
Limited-Term Federal Mortgage Securities Fund | 19,303 | 10,087 | ||||||
Maryland Municipal Bond Fund | 15,121 | 8,638 | ||||||
North Carolina Tax-Exempt Bond Fund | 31,104 | 28,876 | ||||||
Seix Floating Rate High Income Fund | 916,699 | 880,003 | ||||||
Seix High Yield Fund | 983,274 | 1,379,189 | ||||||
Short-Term Bond Fund | 202,816 | 169,222 | ||||||
Strategic Income Fund | 256,423 | 282,718 | ||||||
Total Return Bond Fund | 327,465 | 157,888 | ||||||
Ultra-Short Bond Fund | 33,456 | 25,636 | ||||||
U.S. Government Securities Fund | 112,167 | 70,863 | ||||||
U.S. Government Securities Ultra-Short Bond Fund | — | 371 | ||||||
Virginia Intermediate Municipal Bond Fund | 58,001 | 69,915 |
Sales and | ||||||||
Purchases ($) | Maturities ($) | |||||||
Intermediate Bond Fund | 1,501,542 | 1,167,736 | ||||||
Investment Grade Bond Fund | 639,820 | 746,630 | ||||||
Limited Duration Fund | 5,386 | 3,035 | ||||||
Limited-Term Federal Mortgage Securities Fund | 219,498 | 561,023 | ||||||
Short-Term Bond Fund | 352,404 | 439,236 | ||||||
Short-Term U.S. Treasury Securities Fund | 45,488 | 54,649 | ||||||
Strategic Income Fund | 145,213 | 158,739 | ||||||
Total Return Bond Fund | 1,182,951 | 1,323,182 | ||||||
Ultra-Short Bond Fund | 60,383 | 68,446 | ||||||
U.S. Government Securities Fund | 730,447 | 865,122 | ||||||
U.S. Government Securities Ultra-Short Bond Fund | 83,189 | 53,436 |
6. | Federal Tax Information |
236
Net Unrealized | ||||||||||||||||
Tax Unrealized | Tax Unrealized | Appreciation/ | ||||||||||||||
Tax Cost ($) | Appreciation ($) | (Depreciation) ($) | (Depreciation) ($) | |||||||||||||
Georgia Tax-Exempt Bond Fund | 177,583 | 2,413 | (3,122 | ) | (709 | ) | ||||||||||
High Grade Municipal Bond Fund | 187,751 | 2,496 | (1,675 | ) | 821 | |||||||||||
High Income Fund | 54,248 | 292 | (2,267 | ) | (1,975 | ) | ||||||||||
Intermediate Bond Fund | 1,143,196 | 17,342 | (4,207 | ) | 13,135 | |||||||||||
Investment Grade Bond Fund | 483,829 | 9,111 | (3,921 | ) | 5,190 | |||||||||||
Investment Grade Tax-Exempt Bond Fund | 564,594 | 7,345 | (2,232 | ) | 5,113 | |||||||||||
Limited Duration Fund | 44,051 | 38 | (630 | ) | (592 | ) | ||||||||||
Limited-Term Federal Mortgage Securities Fund | 106,141 | 1,909 | (901 | ) | 1,008 | |||||||||||
Maryland Municipal Bond Fund | 43,450 | 867 | (586 | ) | 281 | |||||||||||
North Carolina Tax-Exempt Bond Fund | 44,157 | 398 | (746 | ) | (348 | ) | ||||||||||
Seix Floating Rate High Income Fund | 619,372 | — | (48,833 | ) | (48,833 | ) | ||||||||||
Seix High Yield Fund | 732,003 | — | (25,307 | ) | (25,307 | ) | ||||||||||
Short-Term Bond Fund | 422,808 | 5,471 | (4,677 | ) | 794 | |||||||||||
Short-Term U.S. Treasury Securities Fund | 100,350 | 2,648 | — | 2,648 | ||||||||||||
Strategic Income Fund | 94,988 | 2,147 | (1,766 | ) | 381 | |||||||||||
Total Return Bond Fund | 729,283 | 10,074 | (6,866 | ) | 3,208 | |||||||||||
Ultra-Short Bond Fund | 88,788 | 693 | (1,219 | ) | (526 | ) | ||||||||||
U.S. Government Securities Fund | 654,019 | 17,076 | (1,453 | ) | 15,623 | |||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 61,871 | 496 | (83 | ) | 413 | |||||||||||
Virginia Intermediate Municipal Bond Fund | 207,367 | 5,586 | (1,086 | ) | 4,500 | |||||||||||
Prime Quality Money Market Fund | 10,402,465 | — | — | — | ||||||||||||
Tax-Exempt Money Market Fund | 2,180,913 | — | — | — | ||||||||||||
U.S. Government Securities Money Market Fund | 2,444,501 | — | — | — | ||||||||||||
U.S. Treasury Money Market Fund | 1,348,331 | — | — | — | ||||||||||||
Virginia Tax-Free Money Market Fund | 710,977 | — | — | — |
Distributions Paid From | ||||||||||||||||||||
Net | Net Long | Total | Total | |||||||||||||||||
Investment | Term Capital | Taxable | Tax-Exempt | Distributions | ||||||||||||||||
Income ($) | Gains ($) | Distributions ($) | Distributions ($) | Paid ($)* | ||||||||||||||||
Georgia Tax-Exempt Bond Fund | — | — | — | 5,742 | 5,742 | |||||||||||||||
High Grade Municipal Bond Fund | 311 | 166 | 477 | 5,796 | 6,273 | |||||||||||||||
High Income Fund | 6,414 | — | 6,414 | — | 6,414 | |||||||||||||||
Intermediate Bond Fund | 24,492 | — | 24,492 | — | 24,492 | |||||||||||||||
Investment Grade Bond Fund | 19,532 | — | 19,532 | — | 19,532 | |||||||||||||||
Investment Grade Tax-Exempt Bond Fund | 907 | 508 | 1,415 | 16,360 | 17,775 | |||||||||||||||
Limited Duration Fund | 2,231 | — | 2,231 | — | 2,231 |
237
Distributions Paid From | ||||||||||||||||||||
Net | Net Long | Total | Total | |||||||||||||||||
Investment | Term Capital | Taxable | Tax-Exempt | Distributions | ||||||||||||||||
Income ($) | Gains ($) | Distributions ($) | Distributions ($) | Paid ($)* | ||||||||||||||||
Limited-Term Federal Mortgage Securities Fund | 8,959 | — | 8,959 | — | 8,959 | |||||||||||||||
Maryland Municipal Bond Fund | 9 | 13 | 22 | 1,367 | 1,389 | |||||||||||||||
North Carolina Tax-Exempt Bond Fund | — | — | — | 1,584 | 1,584 | |||||||||||||||
Seix Floating Rate High Income Fund | 51,505 | — | 51,505 | — | 51,505 | |||||||||||||||
Seix High Yield Fund | 70,546 | — | 70,546 | — | 70,546 | |||||||||||||||
Short-Term Bond Fund | 17,409 | — | 17,409 | — | 17,409 | |||||||||||||||
Short-Term U.S. Treasury Securities Fund | 2,917 | — | 2,917 | — | 2,917 | |||||||||||||||
Strategic Income Fund | 6,662 | — | 6,662 | — | 6,662 | |||||||||||||||
Total Return Bond Fund | 32,188 | — | 32,188 | — | 32,188 | |||||||||||||||
Ultra-Short Bond Fund | 4,059 | — | 4,059 | — | 4,059 | |||||||||||||||
U.S. Government Securities Fund | 28,044 | — | 28,044 | — | 28,044 | |||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 1,831 | — | 1,831 | — | 1,831 | |||||||||||||||
Virginia Intermediate Municipal Bond Fund | 2 | — | 2 | 7,867 | 7,869 | |||||||||||||||
Prime Quality Money Market Fund | 442,352 | — | 442,352 | — | 442,352 | |||||||||||||||
Tax-Exempt Money Market Fund | 106 | 172 | 278 | 57,336 | 57,614 | |||||||||||||||
U.S. Government Securities Money Market Fund | 44,648 | — | 44,648 | — | 44,648 | |||||||||||||||
U.S. Treasury Money Market Fund | 42,981 | — | 42,981 | — | 42,981 | |||||||||||||||
Virginia Tax-Free Money Market Fund | 67 | 25 | 92 | 19,529 | 19,621 |
* | Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid. |
Distributions Paid From | ||||||||||||||||||||||||
Net | Net Long | Total | Total | |||||||||||||||||||||
Investment | Term Capital | Taxable | Tax-Exempt | Return of | Distributions | |||||||||||||||||||
Income ($) | Gains ($) | Distributions ($) | Distributions ($) | Capital ($) | Paid ($)* | |||||||||||||||||||
Georgia Tax-Exempt Bond Fund | — | 110 | 110 | 5,296 | — | 5,406 | ||||||||||||||||||
High-Grade Municipal Bond Fund | 50 | 261 | 311 | 5,750 | — | 6,061 | ||||||||||||||||||
High Income Fund | 5,497 | — | 5,497 | — | — | 5,497 | ||||||||||||||||||
Intermediate Bond Fund | 3,670 | — | 3,670 | — | — | 3,670 | ||||||||||||||||||
Investment Grade Bond Fund | 21,516 | — | 21,516 | — | — | 21,516 | ||||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | 1,228 | 227 | 1,455 | 11,267 | — | 12,722 | ||||||||||||||||||
Limited Duration Fund | 3,643 | 9 | 3,652 | — | — | 3,652 | ||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund | 18,460 | — | 18,460 | — | — | 18,460 | ||||||||||||||||||
Maryland Municipal Bond Fund | 36 | 106 | 142 | 1,376 | — | 1,518 | ||||||||||||||||||
North Carolina Tax-Exempt Bond Fund | — | — | — | 1,516 | — | 1,516 |
238
Distributions Paid From | ||||||||||||||||||||||||
Net | Net Long | Total | Total | |||||||||||||||||||||
Investment | Term Capital | Taxable | Tax-Exempt | Return of | Distributions | |||||||||||||||||||
Income ($) | Gains ($) | Distributions ($) | Distributions ($) | Capital ($) | Paid ($)* | |||||||||||||||||||
Seix Floating Rate High Income Fund | 26,504 | — | 26,504 | — | — | 26,504 | ||||||||||||||||||
Seix High Yield Fund | 85,396 | — | 85,396 | — | — | 85,396 | ||||||||||||||||||
Short-Term Bond Fund | 14,992 | — | 14,992 | — | — | 14,992 | ||||||||||||||||||
Short-Term U.S. Treasury Securities Fund | 2,675 | — | 2,675 | — | — | 2,675 | ||||||||||||||||||
Strategic Income Fund | 6,746 | — | 6,746 | — | 2,761 | 9,507 | ||||||||||||||||||
Total Return Bond Fund | 26,630 | — | 26,630 | — | — | 26,630 | ||||||||||||||||||
Ultra-Short Bond Fund | 7,874 | — | 7,874 | — | — | 7,874 | ||||||||||||||||||
U.S. Government Securities Fund | 20,925 | — | 20,925 | — | — | 20,925 | ||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 1,529 | — | 1,529 | — | — | 1,529 | ||||||||||||||||||
Virginia Intermediate Municipal Bond Fund | — | — | — | 7,244 | — | 7,244 | ||||||||||||||||||
Prime Quality Money Market Fund | 358,404 | 88 | 358,492 | — | — | 358,492 | ||||||||||||||||||
Tax-Exempt Money Market Fund | 101 | 20 | 121 | 56,823 | — | 56,944 | ||||||||||||||||||
U.S. Government Securities Money Market Fund | 32,696 | — | 32,696 | — | — | 32,696 | ||||||||||||||||||
U.S. Treasury Money Market Fund | 63,779 | — | 63,779 | — | — | 63,779 | ||||||||||||||||||
Virginia Tax-Free Money Market Fund | 4 | — | 4 | 16,287 | — | 16,291 |
* | Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid. Amounts designated as “—” are either $0 or have been rounded to $0. |
239
Accumulated | ||||||||||||||||||||||||||||||||
Undistributed | Capital | Total | ||||||||||||||||||||||||||||||
Tax Exempt | Ordinary | Long Term | Accumulated | Distributions | and Other | Unrealized | Accumulated | |||||||||||||||||||||||||
Income | Income | Capital Gains | Earnings | Payable | Losses | Appreciation/ | Earnings | |||||||||||||||||||||||||
($) | ($) | ($) | ($) | ($) | ($)** | (Depreciation) ($)*** | (Deficit) ($) | |||||||||||||||||||||||||
Georgia Tax-Exempt Bond Fund | 733 | — | — | 733 | (543 | ) | (1,547 | ) | (709 | ) | (2,066 | ) | ||||||||||||||||||||
High Grade Municipal Bond Fund | 527 | — | — | 527 | (534 | ) | (581 | ) | 821 | 233 | ||||||||||||||||||||||
High Income Fund | — | 189 | — | 189 | (340 | ) | (3,869 | ) | (1,975 | ) | (5,995 | ) | ||||||||||||||||||||
Intermediate Bond Fund | — | 7,256 | — | 7,256 | (3,052 | ) | (498 | ) | 13,098 | 16,804 | ||||||||||||||||||||||
Investment Grade Bond Fund | — | 2,335 | — | 2,335 | (1,551 | ) | (11,761 | ) | 5,173 | (5,804 | ) | |||||||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | 1,386 | 4,064 | 273 | 5,723 | (1,537 | ) | (777 | ) | 5,113 | 8,522 | ||||||||||||||||||||||
Limited Duration Fund | — | 138 | — | 138 | (138 | ) | (11 | ) | (592 | ) | (603 | ) | ||||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund | — | 551 | — | 551 | (421 | ) | (20,686 | ) | 1,008 | (19,548 | ) | |||||||||||||||||||||
Maryland Municipal Bond Fund | 86 | — | — | 86 | (130 | ) | (116 | ) | 281 | 121 | ||||||||||||||||||||||
North Carolina Tax-Exempt Bond Fund | 65 | — | — | 65 | (129 | ) | (742 | ) | (348 | ) | (1,154 | ) | ||||||||||||||||||||
Seix Floating Rate High Income Fund | — | 3,200 | — | 3,200 | (3,302 | ) | (23,559 | ) | (53,230 | ) | (76,891 | ) | ||||||||||||||||||||
Seix High Yield Fund | — | 3,652 | — | 3,652 | (4,499 | ) | (62,990 | ) | (27,124 | ) | (90,961 | ) | ||||||||||||||||||||
Short-Term Bond Fund | — | 1,134 | — | 1,134 | (1,447 | ) | (8,943 | ) | 794 | (8,462 | ) | |||||||||||||||||||||
Short-Term U.S. Treasury Securities Fund | — | 248 | — | 248 | (250 | ) | (2,182 | ) | 2,648 | 464 | ||||||||||||||||||||||
Strategic Income Fund | — | 288 | — | 288 | (427 | ) | (7,042 | ) | 377 | (6,804 | ) | |||||||||||||||||||||
Total Return Bond Fund | — | 3,208 | — | 3,208 | (2,538 | ) | (4,536 | ) | 3,181 | (685 | ) | |||||||||||||||||||||
Ultra-Short Bond Fund | — | 361 | — | 361 | (321 | ) | (2,283 | ) | (526 | ) | (2,769 | ) | ||||||||||||||||||||
U.S. Government Securities Fund | — | 2,207 | — | 2,207 | (1,906 | ) | (5,065 | ) | 15,623 | 10,859 | ||||||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | — | 255 | — | 255 | (226 | ) | (1,251 | ) | 413 | (809 | ) | |||||||||||||||||||||
Virginia Intermediate Municipal Bond Fund | 614 | — | — | 614 | (647 | ) | (435 | ) | 4,500 | 4,032 | ||||||||||||||||||||||
Prime Quality Money Market Fund | — | 24,561 | — | 24,561 | (24,484 | ) | (2,262 | ) | — | (2,185 | ) | |||||||||||||||||||||
Tax-Exempt Money Market Fund | 3,530 | 1 | 3 | 3,534 | (3,494 | ) | (112 | ) | — | (72 | ) | |||||||||||||||||||||
U.S. Government Securities Money Market Fund | — | 4,575 | — | 4,575 | (4,587 | ) | (1 | ) | — | (13 | ) | |||||||||||||||||||||
U.S. Treasury Money Market Fund | — | 1,354 | — | 1,354 | (1,269 | ) | (181 | ) | — | (96 | ) | |||||||||||||||||||||
Virginia Tax-Free Money Market Fund | 1,263 | 34 | 21 | 1,318 | (1,247 | ) | — | — | 71 |
* | As of the latest tax year end of March 31, 2008, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by the Treasury regulations (in thousands). To the extent that these carryovers are used to offset future gains, it is probable that the gains so offset will not be distributed to shareholders. |
240
Expires | ||||||||||||||||||||||||||||
2009 ($) | 2011 ($) | 2012 ($) | 2013 ($) | 2014 ($) | 2015 ($) | 2016 ($) | ||||||||||||||||||||||
Georgia Tax-Exempt Bond Fund | — | — | — | — | — | 104 | 823 | |||||||||||||||||||||
High Grade Municipal Bond Fund | — | — | — | — | — | — | 569 | |||||||||||||||||||||
High Income Fund | — | — | — | — | — | — | 1,188 | |||||||||||||||||||||
Intermediate Bond Fund | — | — | — | # | — | 497 | # | — | — | |||||||||||||||||||
Investment Grade Bond Fund | 4,060 | — | — | — | — | 7,324 | — | |||||||||||||||||||||
Limited Duration Fund | — | — | — | — | — | 11 | — | |||||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund | — | — | 5,162 | 3,272 | 5,209 | 4,063 | 2,980 | |||||||||||||||||||||
Maryland Municipal Bond Fund | — | — | — | — | — | — | 52 | |||||||||||||||||||||
North Carolina Tax-Exempt Bond Fund | — | — | — | — | 130 | — | 496 | |||||||||||||||||||||
Seix Floating Rate High Income Fund | — | — | — | — | — | — | 2,715 | |||||||||||||||||||||
Seix High Yield Fund | — | — | — | — | 5,152 | 11,772 | 15,837 | |||||||||||||||||||||
Short-Term Bond Fund | — | 7,469 | 22 | 353 | 47 | 1,052 | — | |||||||||||||||||||||
Short-Term U.S. Treasury Securities Fund | — | — | — | 128 | 907 | 1,147 | — | |||||||||||||||||||||
Strategic Income Fund | — | — | — | — | — | 4,212 | 813 | |||||||||||||||||||||
Total Return Bond Fund | — | — | — | — | — | 4,344 | — | |||||||||||||||||||||
Ultra-Short Bond Fund | — | — | 495 | 548 | 573 | 667 | — | |||||||||||||||||||||
U.S. Government Securities Fund | — | — | — | — | — | 5,065 | — | |||||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | — | — | 436 | 393 | 272 | 150 | — | |||||||||||||||||||||
Virginia Intermediate Municipal Bond Fund | — | — | — | — | 33 | 63 | 339 | |||||||||||||||||||||
Prime Quality Money Market Fund | — | — | — | — | — | — | 25 | |||||||||||||||||||||
U.S. Treasury Money Market Fund | — | — | — | 134 | 42 | 5 | — |
# | As of March 31, 2008, the Fund had capital loss carryforwards subject to certain limitations on availability, to offset future capital gains, if any, as the successor of a merger. |
*** | The differences between book-basis and tax-basis unrealized appreciation/ (depreciation) is attributable primarily to: tax deferral of losses on wash sales and the difference between book and tax amortization methods for premium and market discount. |
241
7. | Risks |
242
8. | Investment Adviser Reorganization |
243
RidgeWorth Funds (formerly, STI Classic Funds):
May 28, 2008
244
(Unaudited)
Dividend | ||||
Received | ||||
Deduction(%) | ||||
High Income Fund | 0.31 |
Qualified | ||||
Dividend | ||||
Income(%) | ||||
High Income Fund | 0.31 |
245
(Unaudited)
Number of | ||||||||||
Name, Business | Principal | Portfolios in | ||||||||
Address, State of | Position | Term of | Occupation(s) | Fund | Other | |||||
Residence and | Held With | Office and Length | During the | Complex | Directorships | |||||
Date of Birth | Trust | of Time Served | Past 5 Years | Overseen | Held | |||||
INDEPENDENT TRUSTEES: | ||||||||||
Jeffrey Biggar 3435 Stelzer Road Columbus, OH 43219 (Ohio) DOB 02/50 | Trustee | Indefinite; since January 2007 | Retired. Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006) | 57 | None | |||||
George C. Guynn 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 12/42 | Trustee | Indefinite; since January 2008 | Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta | 57 | Genuine Parts Company; Oxford Industries; John Weiland Homes and Neighborhoods | |||||
Sidney E. Harris 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 07/49 | Trustee | Indefinite; since November 2004 | Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 57 | ServiceMaster Company; Total System Services, Inc. | |||||
Warren Y. Jobe 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 11/40 | Trustee | Indefinite; since November 2004 | Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001) | 57 | WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp. | |||||
Connie D. McDaniel 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 04/58 | Trustee | Indefinite; since May 2005 | Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company | 57 | None | |||||
Clarence H. Ridley 3435 Stelzer Road Columbus, OH 43219 (Georgia) DOB 06/42 | Trustee | Indefinite; since November 2001 | Chairman, Haverty Furniture Companies | 57 | Crawford & Co.; Haverty Furniture Companies | |||||
Charles D. Winslow 3435 Stelzer Road Columbus, OH 43219 (Florida) DOB 07/35 | Trustee | Indefinite; since November 2004 | Retired. Formerly Partner, Accenture (consulting) | 57 | None | |||||
246
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
Term of Office | ||||||
Name, Address | Position(s) Held | and Length | Principal Occupation(s) | |||
and Date of Birth | with Trust | of Time Served | During the Past 5 Years | |||
OFFICERS | ||||||
Julia Short 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 11/72 | President and Chief Executive Officer | One-year: since July 2007 | Managing Director, Product Manager, RidgeWorth Capital Management, Inc. (since 2004); Relationship Manager, SEI Investments (Financial Services) (1994-2004) | |||
Deborah A. Lamb 50 Hurt Plaza Suite 1400 Atlanta, GA 30303 DOB 10/52 | Executive Vice President; Assistant Secretary; Chief Compliance Officer | One-year; since September 2004; since November 2003; since August 2004 (respectively) | Chief Compliance Officer, Managing Director, RidgeWorth Capital Management, Inc. (since 2003); President, Investment Industry Consultants, LLC (2000-2003); | |||
Martin R. Dean 3435 Stelzer Road Columbus, OH 43219 DOB 11/63 | Treasurer; Chief Financial Officer; Chief Accounting Officer | One-year; since March 2007 | Senior Vice President (since January 2008), Financial Administration, Vice President (1994-January 2008) Citi Fund Services Ohio, Inc. | |||
Cynthia J. Surprise 3435 Stelzer Road Columbus, OH 43219 DOB 07/46 | Secretary and Chief Legal Officer | One-year; since February 2005 | Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since 2004); Director and Counsel, Investors Bank & Trust Company (1999-2004) | |||
Kerry Reilly 3435 Stelzer Road Columbus, OH 43219 DOB 07/65 | Assistant Secretary | One-year; since February 2008 | Vice President (since January 2008), Counsel (since July 2007), Assistant Counsel (January 2006-June 2007) Legal Services, Citi Fund Services Ohio, Inc.; from June 2004 to May 2005, employee CitiStreet LLC; from June 1987 through October 2001, employee of Fidelity Investments. | |||
247
(Unaudited)
248
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
249
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,000.10 | 2.85 | 0.57 | |||||||||||||
A Shares | 1,000.00 | 999.30 | 3.65 | 0.73 | ||||||||||||||
C Shares | 1,000.00 | 995.00 | 7.88 | 1.58 | ||||||||||||||
High Grade Municipal Bond Fund | I Shares | 1,000.00 | 1,014.80 | 3.02 | 0.60 | |||||||||||||
A Shares | 1,000.00 | 1,013.10 | 3.77 | 0.75 | ||||||||||||||
C Shares | 1,000.00 | 1,008.80 | 8.04 | 1.60 | ||||||||||||||
High Income Fund | I Shares | 1,000.00 | 962.00 | 3.43 | 0.70 | |||||||||||||
A Shares | 1,000.00 | 962.00 | 4.95 | 1.01 | ||||||||||||||
C Shares | 1,000.00 | 957.20 | 8.37 | 1.71 | ||||||||||||||
Intermediate Bond Fund | I Shares | 1,000.00 | 1,053.60 | 1.49 | 0.29 | |||||||||||||
A Shares | 1,000.00 | 1,053.40 | 2.82 | 0.55 | ||||||||||||||
C Shares | 1,000.00 | 1,037.90 | 6.57 | 1.29 | ||||||||||||||
Investment Grade Bond Fund | I Shares | 1,000.00 | 1,046.40 | 2.81 | 0.55 | |||||||||||||
A Shares | 1,000.00 | 1,044.80 | 4.40 | 0.86 | ||||||||||||||
C Shares | 1,000.00 | 1,041.10 | 7.96 | 1.56 | ||||||||||||||
Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,029.70 | 2.79 | 0.55 | |||||||||||||
A Shares | 1,000.00 | 1,028.10 | 4.31 | 0.85 | ||||||||||||||
C Shares | 1,000.00 | 1,024.60 | 7.85 | 1.55 | ||||||||||||||
Limited Duration Fund | I Shares | 1,000.00 | 1,012.10 | 0.86 | 0.17 | |||||||||||||
Limited-Term Federal Mortgage Securities Fund | I Shares | 1,000.00 | 1,030.20 | 2.94 | 0.58 | |||||||||||||
A Shares | 1,000.00 | 1,028.20 | 4.01 | 0.79 | ||||||||||||||
C Shares | 1,000.00 | 1,024.10 | 8.05 | 1.59 | ||||||||||||||
Maryland Municipal Bond Fund | I Shares | 1,000.00 | 1,011.70 | 3.12 | 0.62 | |||||||||||||
A Shares | 1,000.00 | 1,009.90 | 3.87 | 0.77 | ||||||||||||||
C Shares | 1,000.00 | 1,006.60 | 8.13 | 1.62 | ||||||||||||||
North Carolina Tax-Exempt Bond Fund(a) | I Shares | 1,000.00 | 999.10 | 3.05 | 0.61 | |||||||||||||
A Shares | 1,000.00 | 998.40 | 3.80 | 0.76 | ||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 958.50 | 2.40 | 0.49 | |||||||||||||
A Shares | 1,000.00 | 956.00 | 3.86 | 0.79 | ||||||||||||||
C Shares | 1,000.00 | 952.70 | 7.27 | 1.49 | ||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 972.50 | 2.42 | 0.49 | |||||||||||||
A Shares | 1,000.00 | 972.30 | 3.70 | 0.75 | ||||||||||||||
C Shares | 1,000.00 | 968.30 | 7.33 | 1.49 |
250
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Short-Term Bond Fund | I Shares | 1,000.00 | 1,028.30 | 2.28 | 0.45 | |||||||||||||
A Shares | 1,000.00 | 1,026.10 | 3.29 | 0.65 | ||||||||||||||
C Shares | 1,000.00 | 1,023.10 | 7.33 | 1.45 | ||||||||||||||
Short-Term U.S. Treasury Securities Fund | I Shares | 1,000.00 | 1,052.80 | 2.36 | 0.46 | |||||||||||||
A Shares | 1,000.00 | 1,051.90 | 3.28 | 0.64 | ||||||||||||||
C Shares | 1,000.00 | 1,048.70 | 7.48 | 1.46 | ||||||||||||||
Strategic Income Fund | I Shares | 1,000.00 | 1,015.00 | 3.27 | 0.65 | |||||||||||||
A Shares | 1,000.00 | 1,013.50 | 4.78 | 0.95 | ||||||||||||||
C Shares | 1,000.00 | 1,010.00 | 8.34 | 1.66 | ||||||||||||||
Total Return Bond Fund | I Shares | 1,000.00 | 1,041.90 | 1.53 | 0.30 | |||||||||||||
A Shares | 1,000.00 | 1,039.40 | 2.75 | 0.54 | ||||||||||||||
C Shares | 1,000.00 | 1,035.70 | 6.62 | 1.30 | ||||||||||||||
Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,013.70 | 1.51 | 0.30 | |||||||||||||
U.S. Government Securities Fund | I Shares | 1,000.00 | 1,056.20 | 2.78 | 0.54 | |||||||||||||
A Shares | 1,000.00 | 1,054.60 | 4.37 | 0.85 | ||||||||||||||
C Shares | 1,000.00 | 1,051.00 | 7.95 | 1.55 | ||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,027.20 | 1.37 | 0.27 | |||||||||||||
Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,019.30 | 3.03 | 0.60 | |||||||||||||
A Shares | 1,000.00 | 1,018.50 | 3.78 | 0.75 | ||||||||||||||
C Shares | 1,000.00 | 1,015.20 | 8.06 | 1.60 | ||||||||||||||
Prime Quality Money Market Fund | I Shares | 1,000.00 | 1,019.60 | 2.57 | 0.51 | |||||||||||||
A Shares | 1,000.00 | 1,018.80 | 3.33 | 0.66 | ||||||||||||||
C Shares | 1,000.00 | 1,018.30 | 3.83 | 0.76 | ||||||||||||||
Tax-Exempt Money Market Fund | I Shares | 1,000.00 | 1,012.70 | 2.42 | 0.48 | |||||||||||||
A Shares | 1,000.00 | 1,012.00 | 3.17 | 0.63 | ||||||||||||||
U.S. Government Securities Money Market Fund | I Shares | 1,000.00 | 1,017.30 | 2.87 | 0.57 | |||||||||||||
A Shares | 1,000.00 | 1,016.60 | 3.68 | 0.73 | ||||||||||||||
U.S. Treasury Money Market Fund | I Shares | 1,000.00 | 1,014.10 | 2.87 | 0.57 | |||||||||||||
A Shares | 1,000.00 | 1,013.30 | 3.62 | 0.72 | ||||||||||||||
Virginia Tax-Free Money Market Fund | I Shares | 1,000.00 | 1,013.00 | 2.21 | 0.44 | |||||||||||||
A Shares | 1,000.00 | 1,012.30 | 2.97 | 0.59 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
(a) | North Carolina Tax-Exempt Bond Fund C Shares was not operational during the six-month period from October 1, 2007 through March 31, 2008. |
251
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,022.15 | 2.88 | 0.57 | |||||||||||||
A Shares | 1,000.00 | 1,021.35 | 3.69 | 0.73 | ||||||||||||||
C Shares | 1,000.00 | 1,017.10 | 7.97 | 1.58 | ||||||||||||||
High Grade Municipal Bond Fund | I Shares | 1,000.00 | 1,022.00 | 3.03 | 0.60 | |||||||||||||
A Shares | 1,000.00 | 1,021.25 | 3.79 | 0.75 | ||||||||||||||
C Shares | 1,000.00 | 1,017.00 | 8.07 | 1.60 | ||||||||||||||
High Income Fund | I Shares | 1,000.00 | 1,021.50 | 3.54 | 0.70 | |||||||||||||
A Shares | 1,000.00 | 1,019.95 | 5.10 | 1.01 | ||||||||||||||
C Shares | 1,000.00 | 1,016.45 | 8.62 | 1.71 | ||||||||||||||
Intermediate Bond Fund | I Shares | 1,000.00 | 1,023.55 | 1.47 | 0.29 | |||||||||||||
A Shares | 1,000.00 | 1,022.25 | 2.78 | 0.55 | ||||||||||||||
C Shares | 1,000.00 | 1,018.55 | 6.51 | 1.29 | ||||||||||||||
Investment Grade Bond Fund | I Shares | 1,000.00 | 1,022.25 | 2.78 | 0.55 | |||||||||||||
A Shares | 1,000.00 | 1,020.70 | 4.34 | 0.86 | ||||||||||||||
C Shares | 1,000.00 | 1,017.20 | 7.87 | 1.56 | ||||||||||||||
Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,022.25 | 2.78 | 0.55 | |||||||||||||
A Shares | 1,000.00 | 1,020.75 | 4.29 | 0.85 | ||||||||||||||
C Shares | 1,000.00 | 1,017.25 | 7.82 | 1.55 | ||||||||||||||
Limited Duration Fund | I Shares | 1,000.00 | 1,024.15 | 0.86 | 0.17 | |||||||||||||
Limited-Term Federal Mortgage Securities Fund | I Shares | 1,000.00 | 1,022.10 | 2.93 | 0.58 | |||||||||||||
A Shares | 1,000.00 | 1,021.05 | 3.99 | 0.79 | ||||||||||||||
C Shares | 1,000.00 | 1,017.05 | 8.02 | 1.59 | ||||||||||||||
Maryland Municipal Bond Fund | I Shares | 1,000.00 | 1,021.90 | 3.13 | 0.62 | |||||||||||||
A Shares | 1,000.00 | 1,021.15 | 3.89 | 0.77 | ||||||||||||||
C Shares | 1,000.00 | 1,016.90 | 8.17 | 1.62 | ||||||||||||||
North Carolina Tax-Exempt Bond Fund(a) | I Shares | 1,000.00 | 1,021.95 | 3.08 | 0.61 | |||||||||||||
A Shares | 1,000.00 | 1,021.20 | 3.84 | 0.76 | ||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 1,022.55 | 2.48 | 0.49 | |||||||||||||
A Shares | 1,000.00 | 1,021.05 | 3.99 | 0.79 | ||||||||||||||
C Shares | 1,000.00 | 1,017.55 | 7.52 | 1.49 | ||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 1,022.55 | 2.48 | 0.49 | |||||||||||||
A Shares | 1,000.00 | 1,021.25 | 3.79 | 0.75 | ||||||||||||||
C Shares | 1,000.00 | 1,017.55 | 7.52 | 1.49 | ||||||||||||||
Short-Term Bond Fund | I Shares | 1,000.00 | 1,022.75 | 2.28 | 0.45 | |||||||||||||
A Shares | 1,000.00 | 1,021.75 | 3.29 | 0.65 | ||||||||||||||
C Shares | 1,000.00 | 1,017.75 | 7.31 | 1.45 | ||||||||||||||
Short-Term U.S. Treasury Securities Fund | I Shares | 1,000.00 | 1,022.70 | 2.33 | 0.46 | |||||||||||||
A Shares | 1,000.00 | 1,021.80 | 3.23 | 0.64 | ||||||||||||||
C Shares | 1,000.00 | 1,017.70 | 7.36 | 1.46 | ||||||||||||||
Strategic Income Fund | I Shares | 1,000.00 | 1,021.75 | 3.29 | 0.65 | |||||||||||||
A Shares | 1,000.00 | 1,020.25 | 4.80 | 0.95 | ||||||||||||||
C Shares | 1,000.00 | 1,016.70 | 8.37 | 1.66 | ||||||||||||||
Total Return Bond Fund | I Shares | 1,000.00 | 1,023.50 | 1.52 | 0.30 | |||||||||||||
A Shares | 1,000.00 | 1,022.30 | 2.73 | 0.54 | ||||||||||||||
C Shares | 1,000.00 | 1,018.50 | 6.56 | 1.30 | ||||||||||||||
Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.50 | 1.52 | 0.30 | |||||||||||||
U.S. Government Securities Fund | I Shares | 1,000.00 | 1,022.30 | 2.73 | 0.54 | |||||||||||||
A Shares | 1,000.00 | 1,020.75 | 4.29 | 0.85 | ||||||||||||||
C Shares | 1,000.00 | 1,017.25 | 7.82 | 1.55 |
252
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
Beginning | Ending | Expenses Paid | Expense Ratio | |||||||||||||||
Account Value | Account Value | During Period* | During Period** | |||||||||||||||
10/01/07($) | 03/31/08($) | 10/01/07-03/31/08($) | 10/01/07-03/31/08(%) | |||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.65 | 1.37 | 0.27 | |||||||||||||
Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,022.00 | 3.03 | 0.60 | |||||||||||||
A Shares | 1,000.00 | 1,021.25 | 3.79 | 0.75 | ||||||||||||||
C Shares | 1,000.00 | 1,017.00 | 8.07 | 1.60 | ||||||||||||||
Prime Quality Money Market Fund | I Shares | 1,000.00 | 1,022.45 | 2.58 | 0.51 | |||||||||||||
A Shares | 1,000.00 | 1,021.70 | 3.34 | 0.66 | ||||||||||||||
C Shares | 1,000.00 | 1,021.20 | 3.84 | 0.76 | ||||||||||||||
Tax-Exempt Money Market Fund | I Shares | 1,000.00 | 1,022.60 | 2.43 | 0.48 | |||||||||||||
A Shares | 1,000.00 | 1,021.85 | 3.18 | 0.63 | ||||||||||||||
U.S. Government Securities Money Market Fund | I Shares | 1,000.00 | 1,022.15 | 2.88 | 0.57 | |||||||||||||
A Shares | 1,000.00 | 1,021.35 | 3.69 | 0.73 | ||||||||||||||
U.S. Treasury Money Market Fund | I Shares | 1,000.00 | 1,022.15 | 2.88 | 0.57 | |||||||||||||
A Shares | 1,000.00 | 1,021.40 | 3.64 | 0.72 | ||||||||||||||
Virginia Tax-Free Money Market Fund | I Shares | 1,000.00 | 1,022.80 | 2.23 | 0.44 | |||||||||||||
A Shares | 1,000.00 | 1,022.05 | 2.98 | 0.59 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
(a) | North Carolina Tax-Exempt Bond Fund C Shares was not operational during the six-month period from October 1, 2007 through March 31, 2008. |
253
RIDGEWORTH FUNDS March 31, 2008
(Unaudited)
# of Shares | % of Outstanding Shares | % of Shares Present | ||||||||||
Jeffrey M. Biggar | ||||||||||||
Affirmative | 6,579,428.109 | 94.343% | 95.578% | |||||||||
Withhold | 304,420.348 | 4.365% | 4.422% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
George C. Guynn | ||||||||||||
Affirmative | 6,587,354.241 | 94.456% | 95.693% | |||||||||
Withhold | 296,494.216 | 4.252% | 4.307% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Sidney E. Harris | ||||||||||||
Affirmative | 6,581,214.171 | 94.368% | 95.604% | |||||||||
Withhold | 302,634.286 | 4.340% | 4.396% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Warren Y. Jobe | ||||||||||||
Affirmative | 6,580,767.574 | 94.362% | 95.597% | |||||||||
Withhold | 303,080.883 | 4.346% | 4.403% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Connie D. McDaniel | ||||||||||||
Affirmative | 6,549,975.936 | 93.920% | 95.150% | |||||||||
Withhold | 333,872.521 | 4.788% | 4.850% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Clarence H. Ridley | ||||||||||||
Affirmative | 6,574,080.344 | 94.266% | 95.500% | |||||||||
Withhold | 309,768.113 | 4.442% | 4.500% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% | |||||||||
Charles D. Winslow | ||||||||||||
Affirmative | 6,578,015.208 | 94.322% | 95.557% | |||||||||
Withhold | 305,833.249 | 4.386% | 4.443% | |||||||||
Total | 6,883,848.457 | 98.708% | 100.000% |
254
1-888-784-3863, or visit www.ridgeworthfunds.com. Please read the prospectus carefully before investing.
3(a)(2) The audit committee financial expert is Connie McDaniel, who is “independent” for purposes of this Item 3 of Form N-CSR.
Current Year | Previous Year | |||
(a) Audit Fees | $751,863 | $729,216 | ||
(b) Audit-Related Fees | $111,170(1) | $107,670(1) | ||
(c) Tax Fees | $0 | $0 | ||
(d) All Other Fees | $0 | $0 |
Current Year | Previous Year | |||
$996,749(1) | $3,438,868(2) |
(Registrant) | RidgeWorth Funds | |
By (Signature and Title) | /s/ Martin R. Dean | |
Martin R. Dean, Treasurer, RidgeWorth Funds |
Date | 06/05/2008 | |
By (Signature and Title) | /s/ Julia Short | |
Julia Short, President, RidgeWorth Funds |
Date | 06/05/2008 | |
By (Signature and Title) | /s/ Martin R. Dean | |
Martin R. Dean, Treasurer, RidgeWorth Funds |
Date | 06/05/2008 | |