-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S3JyFrO0bnE4voqC67TtCHj/sCxpbmYhEFUfzNAO04ukXJzlCm5FkV5WLasRbTqI MWaD/mZSjpbebWxFkc5V0w== 0000950123-09-046459.txt : 20090928 0000950123-09-046459.hdr.sgml : 20090927 20090928150530 ACCESSION NUMBER: 0000950123-09-046459 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20090731 FILED AS OF DATE: 20090928 DATE AS OF CHANGE: 20090928 EFFECTIVENESS DATE: 20090928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORS INNER CIRCLE FUND CENTRAL INDEX KEY: 0000878719 IRS NUMBER: 000000000 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06400 FILM NUMBER: 091090071 BUSINESS ADDRESS: STREET 1: 1 FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19087 BUSINESS PHONE: 8009327781 MAIL ADDRESS: STREET 1: 1 FREEDOM VALLEY DRIVE CITY: OAKS STATE: PA ZIP: 19087 0000878719 S000011832 WHG INCOME OPPORTUNITY FUND C000032334 INSTITUTIONAL CLASS SHARES WHGIX C000058074 A CLASS SHARES 0000878719 S000011833 WHG SMIDCAP FUND C000032335 INSTITUTIONAL CLASS SHARES WHGMX 0000878719 S000012716 WHG LARGECAP VALUE FUND C000034254 INSTITUTIONAL CLASS SHARES WHGLX C000058075 A CLASS SHARES 0000878719 S000013147 WHG BALANCED FUND C000035390 INSTITUTIONAL CLASS SHARES WHGBX 0000878719 S000013148 WHG SMALLCAP VALUE FUND C000035391 INSTITUTIONAL CLASS SHARES WHGSX N-Q 1 g53144_whg-nq.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- FORM N-Q ---------- QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY ACT FILE NUMBER 811-06400 THE ADVISORS' INNER CIRCLE FUND (Exact name of registrant as specified in charter) ---------- 101 Federal Street Boston, MA 02110 (Address of principal executive offices) (Zip code) SEI Corporation One Freedom Valley Drive Oaks, PA 19456 (Name and address of agent for service) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 1-877-446-3863 DATE OF FISCAL YEAR END: OCTOBER 31, 2009 DATE OF REPORTING PERIOD: JULY 31, 2009 ITEM 1. SCHEDULE OF INVESTMENTS THE ADVISORS' INNER CIRCLE FUND WHG LARGECAP VALUE FUND JULY 31, 2009 (UNAUDITED) SCHEDULE OF INVESTMENTS COMMON STOCK - 96.7%
SHARES VALUE ----------- ------------ CONSUMER DISCRETIONARY - 9.7% DIRECTV Group * ............................... 118,500 $ 3,069,150 Gap ........................................... 89,900 1,467,168 McDonald's .................................... 52,500 2,890,650 Nike, Cl B .................................... 48,400 2,741,376 Wal-Mart Stores ............................... 27,900 1,391,652 ------------ 11,559,996 ------------ CONSUMER STAPLES - 7.5% Colgate-Palmolive ............................. 20,800 1,506,752 CVS/Caremark .................................. 91,900 3,076,812 Philip Morris International ................... 62,300 2,903,180 Sysco ......................................... 61,800 1,468,368 ------------ 8,955,112 ------------ ENERGY - 17.6% Anadarko Petroleum ............................ 65,800 3,171,560 Apache ........................................ 36,000 3,022,200 Chevron ....................................... 51,700 3,591,599 ConocoPhillips ................................ 66,600 2,911,086 Devon Energy .................................. 26,700 1,551,003 Exxon Mobil ................................... 49,000 3,449,110 Occidental Petroleum .......................... 44,100 3,146,094 ------------ 20,842,652 ------------ FINANCIAL SERVICES - 16.8% ACE ........................................... 60,000 2,943,600 BB&T .......................................... 70,300 1,608,464 BlackRock ..................................... 12,300 2,343,642 JPMorgan Chase ................................ 101,700 3,930,705 Mastercard, Cl A .............................. 15,200 2,949,256 PNC Financial Services Group .................. 16,500 604,890 Travelers ..................................... 63,000 2,713,410 Wells Fargo ................................... 116,000 2,837,360 ------------ 19,931,327 ------------
THE ADVISORS' INNER CIRCLE FUND WHG LARGECAP VALUE FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ----------- ------------ HEALTH CARE - 9.5% Becton Dickinson .............................. 39,400 $ 2,566,910 Covidien ...................................... 77,500 2,930,275 Johnson & Johnson ............................. 48,200 2,934,898 Wyeth ......................................... 61,000 2,839,550 ------------ 11,271,633 ------------ MATERIALS & PROCESSING - 1.3% Praxair ....................................... 19,100 1,493,238 ------------ PRODUCER DURABLES - 10.7% Deere ......................................... 54,700 2,392,578 ITT ........................................... 59,800 2,954,120 Raytheon ...................................... 31,600 1,483,620 Union Pacific ................................. 54,100 3,111,832 United Technologies ........................... 49,900 2,718,053 ------------ 12,660,203 ------------ TECHNOLOGY - 12.4% Cisco Systems * ............................... 133,000 2,927,330 EMC * ......................................... 97,300 1,465,338 Intel ......................................... 76,300 1,468,775 International Business Machines ............... 25,200 2,971,836 Microsoft ..................................... 123,800 2,911,776 Oracle ........................................ 65,900 1,458,367 Research In Motion * .......................... 19,500 1,482,000 ------------ 14,685,422 ------------ UTILITIES - 11.2% AT&T .......................................... 117,000 3,068,910 Dominion Resources ............................ 43,200 1,460,160 Exelon ........................................ 56,500 2,873,590 FPL Group ..................................... 25,900 1,467,753 PG&E .......................................... 74,400 3,003,528
THE ADVISORS' INNER CIRCLE FUND WHG LARGECAP VALUE FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ----------- ------------ UTILITIES - CONTINUED Verizon Communications ........................ 46,400 $ 1,488,048 ------------ 13,361,989 ------------ TOTAL COMMON STOCK (Cost $105,741,620) ........................ 114,761,572 ------------ SHORT-TERM INVESTMENT - 3.6% SEI Daily Income Trust Government Money Market Fund, Cl A, 0.070% (A) (Cost $4,323,202) .......................... 4,323,202 4,323,202 ------------ TOTAL INVESTMENTS - 100.3% (Cost $110,064,822) + ...................... $119,084,774 ============
PERCENTAGES ARE BASED ON NET ASSETS OF $118,700,786. * NON-INCOME PRODUCING SECURITY. CL - CLASS (A) THE RATE REPORTED IS THE 7-DAY EFFECTIVE YIELD AS OF JULY 31, 2009. + AT JULY 31, 2009, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $110,064,822, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $12,659,393 AND $(3,639,441), RESPECTIVELY. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. The following is a summary of the inputs used as of July 31, 2009 in valuing the Funds' investments carried at value: WHG LARGECAP FUND
Investments in Securities Level 1 Level 2 Level 3 Total - ------------------------------- ------------ ------- ------- ------------ Common Stock $114,761,572 $-- $-- $114,761,572 Short-Term Investment 4,323,202 -- -- 4,323,202 ------------ --- --- ------------ Total Investments in Securities $119,084,774 $-- $-- $119,084,774 ============ === === ============
WHG-QH-007-0600 THE ADVISORS' INNER CIRCLE FUND WHG SMIDCAP FUND JULY 31, 2009 (UNAUDITED) SCHEDULE OF INVESTMENTS COMMON STOCK - 95.8%
SHARES VALUE ----------- ------------ CONSUMER DISCRETIONARY - 3.6% BJ's Wholesale Club * ......................... 80,700 $ 2,691,345 Tupperware Brands ............................. 83,600 2,848,252 ------------ 5,539,597 ------------ CONSUMER STAPLES - 10.6% Alberto-Culver, Cl B .......................... 117,500 3,010,350 Bunge ......................................... 24,500 1,714,265 Dr. Pepper Snapple Group * .................... 118,500 2,916,285 JM Smucker .................................... 54,900 2,746,647 Mead Johnson Nutrition, Cl A .................. 80,000 2,912,800 Molson Coors Brewing, Cl B .................... 66,100 2,988,381 ------------ 16,288,728 ------------ ENERGY - 6.8% Cabot Oil & Gas ............................... 86,500 3,038,745 Magellan Midstream Partners (A) ............... 55,200 2,130,720 Plains All American Pipeline LP (A) ........... 46,000 2,224,560 Plains Exploration & Production LP* ........... 107,600 3,082,740 ------------ 10,476,765 ------------ FINANCIAL SERVICES - 18.2% Axis Capital Holdings ......................... 108,200 3,079,372 Commerce Bancshares City MO ................... 82,400 3,020,784 Eaton Vance ................................... 110,500 3,162,510 Everest Re Group .............................. 38,300 3,072,426 Hudson City Bancorp ........................... 212,000 2,980,720 Lazard, Cl A .................................. 88,600 3,277,314 People's United Financial ..................... 174,900 2,842,125 Safety Insurance Group ........................ 40,800 1,316,208 Transatlantic Holdings ........................ 45,500 2,152,605 Willis Group Holdings ......................... 117,387 2,925,284 ------------ 27,829,348 ------------ HEALTH CARE - 8.5% Amedisys * .................................... 35,600 1,591,676
THE ADVISORS' INNER CIRCLE FUND WHG SMIDCAP FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ----------- ------------ HEALTH CARE - CONTINUED Conmed * ...................................... 82,800 $ 1,455,624 DENTSPLY International ........................ 87,800 2,928,130 Laboratory Corp of America Holdings * ......... 45,100 3,030,269 Natus Medical * ............................... 57,062 776,043 Universal Health Services, Cl B ............... 57,600 3,203,136 ------------ 12,984,878 ------------ MATERIALS & PROCESSING - 11.8% Airgas ........................................ 69,200 3,084,936 Albemarle ..................................... 99,700 2,962,087 Allegheny Technologies ........................ 55,500 1,502,940 Aptargroup .................................... 81,700 2,852,964 Cliffs Natural Resources ...................... 54,100 1,481,799 Eastman Chemical .............................. 62,100 3,083,886 Lennox International .......................... 86,700 3,021,495 ------------ 17,990,107 ------------ PRODUCER DURABLES - 14.8% AGCO * ........................................ 48,000 1,510,080 Alexander & Baldwin ........................... 104,000 3,038,880 Alliant Techsystems * ......................... 38,000 2,991,360 Brink's Home Security Holdings * .............. 100,100 2,984,982 CH Robinson Worldwide ......................... 27,800 1,515,934 Cummins ....................................... 74,300 3,195,643 Gardner Denver * .............................. 47,700 1,392,363 Jacobs Engineering Group * .................... 75,500 3,093,990 Manpower ...................................... 31,900 1,529,605 URS * ......................................... 28,246 1,429,248 ------------ 22,682,085 ------------ REAL ESTATE INVESTMENT TRUSTS - 2.6% Equity Lifestyle Properties ................... 37,200 1,550,124 Healthcare Realty Trust ....................... 126,100 2,447,601 ------------ 3,997,725 ------------ TECHNOLOGY - 12.3% Altera ........................................ 80,400 1,502,676
THE ADVISORS' INNER CIRCLE FUND WHG SMIDCAP FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ----------- ------------ TECHNOLOGY - CONTINUED Amphenol, Cl A ................................ 43,700 $ 1,457,395 CACI International, Cl A * .................... 63,000 2,910,600 CommScope * ................................... 121,900 3,120,640 Factset Research Systems ...................... 24,000 1,360,800 McAfee * ...................................... 60,600 2,701,548 Sybase * ...................................... 87,000 3,114,600 Total System Services ......................... 185,800 2,727,544 ------------ 18,895,803 ------------ UTILITIES - 6.6% DPL ........................................... 118,700 2,842,865 DTE Energy .................................... 38,900 1,340,494 Southern Union ................................ 150,000 2,907,000 Wisconsin Energy .............................. 68,900 2,960,633 ------------ 10,050,992 ------------ TOTAL COMMON STOCK (Cost $132,833,959) ........................ 146,736,028 ------------ SHORT-TERM INVESTMENT - 6.9% SEI Daily Income Trust Government Money Market Fund, Cl A, 0.070% (B) (Cost $10,608,265) ......................... 10,608,265 10,608,265 ------------ TOTAL INVESTMENTS - 102.7% (Cost $143,442,224) + ...................... $157,344,293 ============
PERCENTAGES ARE BASED ON NET ASSETS OF $153,275,443. * NON-INCOME PRODUCING SECURITY. (A) SECURITIES CONSIDERED MASTER LIMITED PARTNERSHIP. AT JULY 31, 2009, THESE SECURITIES AMOUNTED TO $4,355,280 OR 2.84% OF NET ASSETS. (B) THE RATE REPORTED IS THE 7-DAY EFFECTIVE YIELD AS OF JULY 31, 2009. CL - CLASS LP - LIMITED PARTNERSHIP + AT JULY 31, 2009, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $143,442,224, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $21,216,013 AND $(7,313,944), RESPECTIVELY. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. The following is a summary of the inputs used as of July 31, 2009 in valuing the Funds' investments carried at value: WHG SMIDCAP FUND
Investments in Securities Level 1 Level 2 Level 3 Total - ------------------------------- ------------ ------- ------- ------------ Common Stock $146,736,028 $-- $-- $146,736,028 Short-Term Investment 10,608,265 -- -- 10,608,265 ------------ --- --- ------------ Total Investments in Securities $157,344,293 $-- $-- $157,344,293 ============ === === ============
WHG-QH-006-0600 THE ADVISORS' INNER CIRCLE FUND WHG SMALLCAP VALUE FUND JULY 31, 2009 (UNAUDITED) SCHEDULE OF INVESTMENTS COMMON STOCK - 94.5%
SHARES VALUE ----------- ------------ CONSUMER DISCRETIONARY - 14.9% BJ's Wholesale Club * 12,200 $ 406,870 Buckle 5,600 173,264 Jarden * 20,600 507,790 John Wiley & Sons, Cl A 12,900 411,381 Marcus 37,600 475,264 Tupperware Brands 12,200 415,654 Vail Resorts * 8,400 240,324 Wolverine World Wide 17,300 416,930 ------------ 3,047,477 ------------ CONSUMER STAPLES - 7.2% Casey's General Stores 16,000 438,880 Chattem * 6,500 407,355 Diamond Foods 6,600 186,120 J&J Snack Foods 10,100 437,734 ------------ 1,470,089 ------------ ENERGY - 2.8% Approach Resources * 11,000 77,110 Atlas America 25,000 502,750 ------------ 579,860 ------------ FINANCIAL SERVICES - 13.2% Bancfirst 5,500 197,065 First Niagara Financial Group 34,300 451,045 IPC Holdings 7,000 202,580 Knight Capital Group, Cl A * 24,500 454,965 Stifel Financial * 8,050 401,936 Suffolk Bancorp 3,500 103,250 Texas Capital Bancshares * 26,300 436,843 UMB Financial 10,200 425,544 ------------ 2,673,228 ------------ HEALTH CARE - 2.4% Endo Pharmaceuticals Holdings * 23,700 497,937 ------------
THE ADVISORS' INNER CIRCLE FUND WHG SMALLCAP VALUE FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ----------- ------------ MATERIALS & PROCESSING - 8.2% Aptargroup 13,000 $ 453,960 Kaydon 12,700 414,909 Lennox International 13,100 456,535 Northwest Pipe * 10,000 347,800 ------------ 1,673,204 ------------ PRODUCER DURABLES - 21.5% AO Smith 10,800 421,632 Astec Industries * 16,300 441,078 BE Aerospace * 31,900 515,504 Brink's Home Security Holdings * 13,800 411,516 Genesee & Wyoming, Cl A * 14,700 401,163 Landstar System 12,200 447,496 Middleby * 9,300 454,770 Moog, Cl A * 16,200 436,752 Rollins 23,500 430,755 Wabtec 12,600 423,990 ------------ 4,384,656 ------------ REAL ESTATE INVESTMENT TRUSTS - 4.6% Equity Lifestyle Properties 10,900 454,203 Mack-Cali Realty 17,500 488,425 ------------ 942,628 ------------ TECHNOLOGY - 11.6% Factset Research Systems 3,500 198,450 Mantech International, Cl A * 8,800 469,040 MKS Instruments * 25,800 499,746 Perot Systems, Cl A * 26,600 425,068 Progress Software * 17,700 400,551 Teledyne Technologies * 11,400 373,122 ------------ 2,365,977 ------------ UTILITIES - 8.1% Avista 21,300 394,476 Cleco 18,300 433,527 Portland General Electric 22,200 422,466
THE ADVISORS' INNER CIRCLE FUND WHG SMALLCAP VALUE FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ----------- ------------ UTILITIES - CONTINUED Westar Energy 21,100 $ 415,037 ------------ 1,665,506 ------------ TOTAL COMMON STOCK (Cost $17,480,004) 19,300,562 ------------ SHORT-TERM INVESTMENT - 5.5% SEI Daily Income Trust Government Money Market Fund, Cl A, 0.070% (A) (Cost $1,120,952) 1,120,952 1,120,952 ------------ TOTAL INVESTMENTS - 100.0% (Cost $18,600,956) + $ 20,421,514 ============
PERCENTAGES ARE BASED ON NET ASSETS OF $20,412,755. * NON-INCOME PRODUCING SECURITY. CL - CLASS (A) THE RATE REPORTED IS THE 7-DAY EFFECTIVE YIELD AS OF JULY 31, 2009. + AT JULY 31, 2009, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $18,600,956, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $2,693,250 AND $(872,692), RESPECTIVELY. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. The following is a summary of the inputs used as of July 31, 2009 in valuing the Funds' investments carried at value: WHG SMALLCAP FUND
Investments in Securities Level 1 Level 2 Level 3 Total - ------------------------------- ----------- ------- ------- ----------- Common Stock $19,300,562 $-- $-- $19,300,562 Short-Term Investment 1,120,952 -- -- 1,120,952 ----------- --- --- ----------- Total Investments in Securities $20,421,514 $-- $-- $20,421,514 =========== === === ===========
WHG-QH-009-0600 THE ADVISORS' INNER CIRCLE FUND WHG INCOME OPPORTUNITY FUND JULY 31, 2009 (UNAUDITED) SCHEDULE OF INVESTMENTS COMMON STOCK - 35.7%
SHARES VALUE ----------- ------------ CONSUMER DISCRETIONARY - 1.3% McDonald's .................................... 24,600 $ 1,354,476 ------------ CONSUMER STAPLES - 4.1% General Mills ................................. 24,599 1,449,127 Philip Morris International ................... 32,200 1,500,520 Sysco ......................................... 56,400 1,340,064 ------------ 4,289,711 ------------ ENERGY - 13.3% Chevron ....................................... 19,200 1,333,824 Duncan Energy Partners (A) .................... 70,300 1,305,471 Energy Transfer Equity (A) .................... 48,200 1,408,404 Energy Transfer Partners (A) .................. 29,700 1,370,061 Enterprise Products Partners LP (A) ........... 37,100 1,042,510 Kinder Morgan Energy Partners LP (A) .......... 24,400 1,295,152 Magellan Midstream Partners (A) ............... 35,300 1,362,580 Plains All American Pipeline LP (A) ........... 21,500 1,039,740 Spectra Energy Partners (A) ................... 58,100 1,301,440 Sunoco Logistics Partners (A) ................. 23,100 1,368,213 Williams Pipeline Partners LP (A) ............. 56,300 1,051,121 ------------ 13,878,516 ------------ FINANCIAL SERVICES - 1.2% Travelers ..................................... 31,700 1,365,319 ------------ HEALTH CARE - 2.7% Bristol-Myers Squibb .......................... 65,800 1,430,492 Johnson & Johnson ............................. 23,800 1,449,182 ------------ 2,879,674 ------------ REAL ESTATE INVESTMENT TRUSTS - 2.5% Healthcare Realty Trust ....................... 67,400 1,308,234 Rayonier ...................................... 34,700 1,352,953 ------------ 2,661,187 ------------ UTILITIES - 10.6% American Electric Power ....................... 49,900 1,544,904 AT&T .......................................... 101,900 2,672,837
THE ADVISORS' INNER CIRCLE FUND WHG INCOME OPPORTUNITY FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES/FACE AMOUNT VALUE ----------- ------------ UTILITIES - CONTINUED PG&E .......................................... 65,500 $ 2,644,235 Portland General Electric ..................... 70,780 1,346,943 Southern ...................................... 44,700 1,403,580 Vodafone Group ADR ............................ 71,700 1,475,586 ------------ 11,088,085 ------------ TOTAL COMMON STOCK (Cost $35,988,189) ......................... 37,516,968 ------------ PREFERRED STOCK - 9.2% CONSUMER DISCRETIONARY - 2.7% Comcast, Ser B, 7.000% ........................ 116,300 2,807,482 ------------ ENERGY - 1.3% Whiting Petroleum, 6.250%* .................... 10,900 1,332,852 ------------ REAL ESTATE INVESTMENT TRUST - 2.7% Public Storage, Ser M, 6.625% ................. 132,500 2,851,400 ------------ UTILITIES - 2.5% Dominion Resources, Ser A, 8.375%* ............ 60,000 1,561,800 FPL Group Capital, Ser E, 7.450% .............. 42,445 1,135,404 ------------ 2,697,204 ------------ TOTAL PREFERRED STOCK (Cost $9,189,144) .......................... 9,688,938 ------------ U.S. GOVERNMENT AGENCY OBLIGATIONS - 16.7% FHLMC 5.500%, 07/18/16 ........................... $ 2,250,000 2,532,796 2.125%, 03/23/12 ........................... 2,700,000 2,730,480 ------------ 5,263,276 ------------ FNMA 5.375%, 11/15/11 ........................... 2,300,000 2,506,014
THE ADVISORS' INNER CIRCLE FUND WHG INCOME OPPORTUNITY FUND JULY 31, 2009 (UNAUDITED) U.S. GOVERNMENT AGENCY OBLIGATIONS - CONTINUED
FACE AMOUNT VALUE ----------- ------------ FNMA - continued 5.375%, 06/12/17 ........................... $ 2,250,000 $ 2,522,576 4.375%, 03/15/13 ........................... 2,000,000 2,158,114 3.375%, 05/19/11 ........................... 2,000,000 2,083,398 2.500%, 04/09/10 ........................... 3,000,000 3,041,613 ------------ 12,311,715 ------------ TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $17,198,308) ......................... 17,574,991 ------------ CORPORATE OBLIGATIONS - 19.4% CONSUMER STAPLES - 1.2% Philip Morris International 6.875%, 03/17/14 ........................... 1,100,000 1,251,414 ------------ ENERGY - 2.7% Anadarko Petroleum 5.950%, 09/15/16 ........................... 1,750,000 1,818,197 Marathon Oil 5.900%, 03/15/18 ........................... 1,000,000 1,031,677 ------------ 2,849,874 ------------ FINANCIAL SERVICES - 6.6% American Express 0.447%, 06/16/11 (B) ....................... 1,000,000 952,241 Bank of America 7.625%, 06/01/19 ........................... 1,000,000 1,084,626 Berkshire Hathaway Finance 4.125%, 01/15/10 ........................... 2,100,000 2,135,053 BHP Billiton Finance USA 5.500%, 04/01/14 ........................... 1,000,000 1,086,219 JPMorgan Chase 6.300%, 04/23/19 ........................... 1,500,000 1,629,569 ------------ 6,887,708 ------------
THE ADVISORS' INNER CIRCLE FUND WHG INCOME OPPORTUNITY FUND JULY 31, 2009 (UNAUDITED) CORPORATE OBLIGATIONS - CONTINUED
FACE AMOUNT VALUE ----------- ------------ PRODUCER DURABLES - 3.1% Boeing 6.000%, 03/15/19 ........................... $ 1,000,000 $ 1,095,498 CSX 6.250%, 04/01/15 ........................... 2,000,000 2,154,620 ------------ 3,250,118 ------------ TECHNOLOGY - 5.8% AT&T 6.700%, 11/15/13 ........................... 1,100,000 1,242,892 CommScope 3.250%, 07/01/15 ........................... 725,000 836,469 Embarq 6.738%, 06/01/13 ........................... 950,000 997,985 Koninklijke Philips Electronics 4.625%, 03/11/13 ........................... 1,200,000 1,228,550 Oracle 4.950%, 04/15/13 ........................... 1,700,000 1,820,838 ------------ 6,126,734 ------------ TOTAL CORPORATE OBLIGATIONS (Cost $19,095,831) ......................... 20,365,848 ------------ U.S. TREASURY OBLIGATIONS - 13.1% U.S. Treasury Notes 3.250%, 12/31/09 ........................... 2,300,000 2,327,761 3.250%, 05/31/16 ........................... 2,250,000 2,270,567 2.625%, 05/31/10 ........................... 2,100,000 2,137,899 ------------ 6,736,227 ------------ U.S. Treasury Inflationary Protection Securities 2.500%, 07/15/16 ........................... 1,750,000 1,945,242 1.375%, 07/15/18 ........................... 2,300,000 2,220,392
THE ADVISORS' INNER CIRCLE FUND WHG INCOME OPPORTUNITY FUND JULY 31, 2009 (UNAUDITED) U.S. TREASURY OBLIGATIONS - CONTINUED
FACE AMOUNT/ SHARES VALUE ----------- ------------ U.S. Treasury Inflationary Protection Securitiues - continued 0.625%, 04/15/13 ........................... $ 2,800,000 $ 2,795,801 ------------ 6,961,435 ------------ TOTAL U.S. TREASURY OBLIGATIONS (Cost $13,342,008) ......................... 13,697,662 ------------ SHORT-TERM INVESTMENT - 5.1% SEI Daily Income Trust Government Money Market Fund, Cl A, 0.070% (C) (Cost $5,354,317) .......................... 5,354,317 5,354,317 ------------ TOTAL INVESTMENTS - 99.2% (Cost $100,167,797)(+)...................... $104,198,724 ============
PERCENTAGES ARE BASED ON NET ASSETS OF $105,000,769. * NON-INCOME PRODUCING SECURITY. (A) SECURITIES CONSIDERED MASTER LIMITED PARTNERSHIP. AT JULY 31, 2009, THESE SECURITIES AMOUNTED TO $12,544,692 OR 11.95% OF NET ASSETS. (B) FLOATING RATE SECURITY. RATE DISCLOSED IS THE EFFECTIVE RATE AS OF JULY 31, 2009. (C) THE RATE REPORTED IS THE 7-DAY EFFECTIVE YIELD AS OF JULY 31, 2009. ADR - AMERICAN DEPOSITARY RECEIPT FHLMC - FEDERAL HOME LOAN MORTGAGE CORPORATION FNMA - FEDERAL NATIONAL MORTGAGE ASSOCIATION LP - LIMITED PARTNERSHIP SER - SERIES + AT JULY 31, 2009, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $100,167,797, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $5,033,682 AND $(1,002,755), RESPECTIVELY. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. The following is a summary of the inputs used as of July 31, 2009 in valuing the Funds' investments carried at value: WHG INCOME OPPORTUNITY FUND
Investments in Securities Level 1 Level 2 Level 3 Total - ------------------------------------- ------------ ------- ------- ------------ Common Stock $ 37,516,968 $-- $-- $ 37,516,968 Preferred Stock 9,688,938 -- -- 9,688,938 U.S. Government Agency Obligations 17,574,991 -- -- 17,574,991 Corporate Obligations 20,365,848 -- -- 20,365,848 U.S. Treasury Obligations 13,697,662 -- -- 13,697,662 Short-Term Investment 5,354,317 -- -- 5,354,317 ------------ --- --- ------------ Total Investments in Securities $104,198,724 $-- $-- $104,198,724 ============ === === ============
WHG-QH-005-0500 THE ADVISORS' INNER CIRCLE FUND WHG BALANCED FUND JULY 31, 2009 (UNAUDITED) SCHEDULE OF INVESTMENTS COMMON STOCK - 63.9%
SHARES VALUE ----------- ------------ CONSUMER DISCRETIONARY - 6.5% DIRECTV Group * ............................... 5,700 $ 147,630 Gap ........................................... 4,400 71,808 McDonald's .................................... 2,500 137,650 Nike, Cl B .................................... 2,700 152,928 Wal-Mart Stores ............................... 1,300 64,844 ------------ 574,860 ------------ CONSUMER STAPLES - 5.1% Colgate-Palmolive ............................. 1,000 72,440 CVS/Caremark .................................. 4,300 143,964 Philip Morris International ................... 3,200 149,120 Sysco ......................................... 3,000 71,280 ------------ 436,804 ------------ ENERGY - 11.1% Anadarko Petroleum ............................ 3,000 144,600 Apache ........................................ 1,700 142,715 Chevron ....................................... 2,400 166,728 ConocoPhillips ................................ 3,100 135,501 Devon Energy .................................. 1,200 69,708 Exxon Mobil ................................... 2,400 168,936 Occidental Petroleum .......................... 2,000 142,680 ------------ 970,868 ------------ FINANCIAL SERVICES - 11.3% ACE ........................................... 3,200 156,992 BB&T .......................................... 3,300 75,504 BlackRock ..................................... 600 114,324 JPMorgan Chase ................................ 4,800 185,520 Mastercard, Cl A .............................. 700 135,821 PNC Financial Services Group .................. 800 29,328 Travelers ..................................... 3,300 142,131 Wells Fargo ................................... 5,800 141,868 ------------ 981,488 ------------
THE ADVISORS' INNER CIRCLE FUND WHG BALANCED FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES VALUE ---------- ------------ HEALTH CARE - 6.6% Becton Dickinson and .......................... 2,200 $ 143,330 Covidien ...................................... 3,800 143,678 Johnson & Johnson ............................. 2,400 146,136 Wyeth ......................................... 3,000 139,650 ------------ 572,794 ------------ MATERIALS & PROCESSING - 0.9% Praxair ....................................... 1,000 78,180 ------------ PRODUCER DURABLES - 6.8% Deere ......................................... 2,500 109,350 ITT ........................................... 2,800 138,320 Raytheon ...................................... 1,600 75,120 Union Pacific ................................. 2,300 132,296 United Technologies ........................... 2,600 141,622 ------------ 596,708 ------------ TECHNOLOGY - 8.2% Cisco Systems * ............................... 6,300 138,663 EMC * ......................................... 4,600 69,276 Intel ......................................... 3,500 67,375 International Business Machines ............... 1,300 153,309 Microsoft ..................................... 5,700 134,064 Oracle ........................................ 3,300 73,029 Research In Motion * .......................... 1,000 76,000 ------------ 711,716 ------------ UTILITIES - 7.4% AT&T .......................................... 5,600 146,888 Dominion Resources ............................ 2,100 70,980 Exelon ........................................ 2,900 147,494 FPL Group ..................................... 1,300 73,671
THE ADVISORS' INNER CIRCLE FUND WHG BALANCED FUND JULY 31, 2009 (UNAUDITED) COMMON STOCK - CONTINUED
SHARES/FACE AMOUNT VALUE ----------- ------------ UTILITIES - CONTINUED PG&E .......................................... 3,300 $ 133,221 Verizon Communications ........................ 2,400 76,968 ------------ 649,222 ------------ TOTAL COMMON STOCK (Cost $5,274,690) .......................... 5,572,640 ------------ U.S. GOVERNMENT AGENCY OBLIGATIONS - 11.3% FHLB 3.875%, 01/15/10 ........................... $ 60,000 60,954 ------------ FHLMC 5.125%, 07/15/12 ........................... 100,000 109,487 4.750%, 12/08/10 ........................... 80,000 84,198 4.125%, 11/30/09 ........................... 100,000 101,238 2.125%, 03/23/12 ........................... 100,000 101,129 ------------ 396,052 ------------ FNMA 5.375%, 11/15/11 ........................... 100,000 108,957 5.375%, 06/12/17 ........................... 100,000 112,115 5.000%, 04/15/15 ........................... 60,000 66,003 4.375%, 03/15/13 ........................... 125,000 134,882 4.250%, 08/15/10 ........................... 100,000 103,691 ------------ 525,648 ------------ TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $935,107) ............................ 982,654 ------------ CORPORATE OBLIGATIONS - 11.4% ENERGY - 2.7% Apache 5.250%, 04/15/13 ........................... 75,000 79,894 General Electric 5.000%, 02/01/13 ........................... 75,000 78,870 Marathon Oil 5.900%, 03/15/18 ........................... 75,000 77,376 ------------ 236,140 ------------
THE ADVISORS' INNER CIRCLE FUND WHG BALANCED FUND JULY 31, 2009 (UNAUDITED) CORPORATE OBLIGATIONS - CONTINUED
FACE AMOUNT VALUE ----------- ------------ FINANCIAL SERVICES - 3.2% Ace INA Holdings 5.600%, 05/15/15 ........................... $ 50,000 $ 52,118 Berkshire Hathaway 5.125%, 09/15/12 ........................... 75,000 80,982 BHP Billiton Finance USA 5.500%, 04/01/14 ........................... 50,000 54,311 Citigroup 6.500%, 01/18/11 ........................... 60,000 61,694 JPMorgan Chase 6.300%, 04/23/19 ........................... 25,000 27,159 ------------ 276,264 ------------ PRODUCER DURABLES - 0.9% Burlington Northern Santa Fe 5.650%, 05/01/17 ........................... 75,000 78,518 ------------ TECHNOLOGY - 4.0% AT&T 6.700%, 11/15/13 ........................... 50,000 56,495 International Business Machines 5.700%, 09/14/17 ........................... 100,000 109,422 Koninklijke Philips Electronics 4.625%, 03/11/13 ........................... 75,000 76,785 Oracle 4.950%, 04/15/13 ........................... 100,000 107,108 ------------ 349,810 ------------
THE ADVISORS' INNER CIRCLE FUND WHG BALANCED FUND JULY 31, 2009 (UNAUDITED) CORPORATE OBLIGATIONS - CONTINUED
FACE AMOUNT VALUE ----------- ------------ UTILITIES - 0.6% Southern 4.150%, 05/15/14 ........................... $ 50,000 $ 51,396 ------------ TOTAL CORPORATE OBLIGATIONS (Cost $942,394) ............................ 992,128 ------------ U.S. TREASURY OBLIGATIONS - 10.1% U.S. Treasury Notes 5.125%, 05/15/16 ........................... 105,000 118,256 4.000%, 02/15/15 ........................... 110,000 117,176 3.375%, 11/30/12 ........................... 125,000 131,562 2.625%, 05/31/10 ........................... 75,000 76,354 ------------ 443,348 ------------ U.S. Treasury Bill 0.265%, 03/11/10 (A) ....................... 75,000 74,871 ------------ U.S. Treasury Inflationary Protection Securities 2.500%, 07/15/16 ........................... 75,000 83,367 2.125%, 01/15/19 ........................... 75,000 77,507 1.375%, 07/15/18 ........................... 100,000 96,539 0.625%, 04/15/13 ........................... 110,000 109,835 ------------ 367,248 ------------ TOTAL U.S. TREASURY OBLIGATIONS (Cost $844,411) ............................ 885,467 ------------
THE ADVISORS' INNER CIRCLE FUND WHG BALANCED FUND JULY 31, 2009 (UNAUDITED) SHORT-TERM INVESTMENT - 4.0%
SHARES VALUE ----------- ------------ SEI Daily Income Trust Government Money Market Fund, Cl A, 0.070% (B) (Cost $351,264) ............................ 351,264 $ 351,264 ------------ TOTAL INVESTMENTS - 100.7% (Cost $8,347,866) + ........................ $ 8,784,153 ============
PERCENTAGES ARE BASED ON NET ASSETS OF $8,722,094. * NON-INCOME PRODUCING SECURITY. (A) THE RATE REPORTED IS THE EFFECTIVE YIELD AT TIME OF PURCHASE. (B) THE RATE REPORTED IS THE 7-DAY EFFECTIVE YIELD AS OF JULY 31, 2009. CL - CLASS FHLB - FEDERAL HOME LOAN BANK FHLMC - FEDERAL HOME LOAN MORTGAGE CORPORATION FNMA - FEDERAL NATIONAL MORTGAGE ASSOCIATION + AT JULY 31, 2009, THE TAX BASIS COST OF THE FUND'S INVESTMENTS WAS $8,347,866, AND THE UNREALIZED APPRECIATION AND DEPRECIATION WERE $714,828 AND $(278,541), RESPECTIVELY. FOR INFORMATION ON THE FUND'S POLICY REGARDING VALUATION OF INVESTMENTS AND OTHER SIGNIFICANT ACCOUNTING POLICIES, PLEASE REFER TO THE FUND'S MOST RECENT SEMI-ANNUAL OR ANNUAL FINANCIAL STATEMENTS. The following is a summary of the inputs used as of July 31, 2009 in valuing the Fund's investments carried at value: WHG BALANCED FUND
Investments in Securities Level 1 Level 2 Level 3 Total - ------------------------------------- ---------- ------- ------- ---------- Common Stock $5,572,640 $-- $-- $5,572,640 U.S. Government Agency Obligations 982,654 -- -- 982,654 Corporate Obligations 992,128 -- -- 992,128 U.S. Treasury Obligations 885,467 -- -- 885,467 Short-Term Investment 351,264 -- -- 351,264 ---------- --- --- ---------- Total Investments in Securities $8,784,153 $-- $-- $8,784,153 ========== === === ==========
WHG-QH-008-0500 ITEM 2. CONTROLS AND PROCEDURES (a) The certifying officers, whose certifications are included herewith, have evaluated the registrant's disclosure controls and procedures within 90 days of the filing date of this report. In their opinion, based on their evaluation, the registrant's disclosure controls and procedures are adequately designed, and are operating effectively to ensure, that information required to be disclosed by the registrant in the reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no significant changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. (a) A separate certification for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended (17 CFR 270.30a-2(a)), are filed herewith. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) The Advisors' Inner Circle Fund By (Signature and Title) /s/ Philip T. Masterson ---------------------------------------- Philip T. Masterson President Date: September 25, 2009 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title) /s/ Philip T. Masterson ---------------------------------------- Philip T. Masterson President Date: September 25, 2009 By (Signature and Title) /s/ Michael Lawson ---------------------------------------- Michael Lawson Treasurer, Controller & CFO Date: September 25, 2009 EX-99.CERT 2 cert302_masterson-pres.txt CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Philip T. Masterson, certify that: 1. I have reviewed this report on Form N-Q of The Advisors' Inner Circle Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: September 25, 2009 /s/ Philip T. Masterson - --------------------------- Philip T. Masterson President EX-99.CERT 3 cert302_lawson-cfo.txt CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 I, Michael Lawson, certify that: 1. I have reviewed this report on Form N-Q of The Advisors' Inner Circle Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal controls which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: September 25, 2009 /s/ Michael Lawson - --------------------------- Michael Lawson Treasurer, Controller & CFO -----END PRIVACY-ENHANCED MESSAGE-----