N-Q 1 a05-1184_5nq.htm N-Q

 

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

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FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-3009

 

 

 

Columbia Funds Trust II

(Exact name of registrant as specified in charter)

 

 

One Financial Center, Boston, Massachusetts

02111

(Address of principal executive offices)

(Zip code)

 

 

Vincent Pietropaolo, Esq.
Columbia Management Group, Inc.
One Financial Center
Boston, MA 02111

(Name and address of agent for service)

 

 

Registrant's telephone number, including area code:

1-617-772-3698

 

 

 

Date of fiscal year end:

3/31/05

 

 

Date of reporting period:

12/31/04

 

 


Item 1. Schedule of Investments.

 

INVESTMENT PORTFOLIO

December 31, 2004 (Unaudited)

 

Columbia Money Market Fund

 

 

 

 

 

Par ($)

 

Value ($)*

 

Corporate Fixed-Income Bonds & Notes – 37.5%

 

 

 

 

 

FINANCIALS – 37.5%

 

 

 

 

 

 

 

Banks – 4.1%

 

 

 

 

 

 

 

HBOS Treasury Services PLC

 

2.468% 07/29/05(a)(b)

 

10,000,000

 

10,005,159

 

Wells Fargo & Co.

 

2.373% 01/13/06(a)(b)

 

10,000,000

 

10,000,000

 

 

 

 

 

Banks Total

 

20,005,159

 

Diversified Financial Services – 33.4%

 

 

 

 

 

 

 

20/20 Custom Molded Plastics LP

 

 

 

 

 

 

 

 

 

LOC: National City Bank

 

 

 

 

 

 

 

2.480% 08/01/13(a)

 

4,485,000

 

4,485,000

 

ACC Leasing LLC

 

 

 

 

 

 

 

 

 

LOC: National City Bank

 

 

 

 

 

 

 

2.480% 05/01/23(a)

 

3,397,000

 

3,397,000

 

American Express Credit Corp.

 

2.381% 01/05/06(a)

 

13,000,000

 

13,000,000

 

American Healthcare Funding Corp.

 

 

 

 

 

 

 

 

 

LOC: LaSalle Bank NA

 

 

 

 

 

 

 

2.420% 03/01/29(a)

 

3,992,000

 

3,992,000

 

Archbishop of Cincinnati Trustee

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 04/01/23(a)

 

1,000,000

 

1,000,000

 

Associates Corp. of North America

 

6.625% 06/15/05

 

7,150,000

 

7,277,525

 

Autumn House at Powder Mill, Inc.

 

 

 

 

 

 

 

 

 

LOC: SunTrust Bank

 

 

 

 

 

 

 

2.400% 02/01/28(a)(b)

 

3,860,000

 

3,860,000

 

Bath Technology Associates Ltd.

 

 

 

 

 

 

 

 

 

LOC: National City Bank

 

 

 

 

 

 

 

2.480% 07/01/17(a)

 

1,820,000

 

1,820,000

 

Best One Tire & Services LLC

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 02/01/18(a)

 

7,710,000

 

7,710,000

 

Congregation Mkor Shalom

 

 

 

 

 

 

 

 

 

LOC: Wachovia Bank

 

 

 

 

 

 

 

2.490% 06/01/23(a)

 

2,225,000

 

2,225,000

 

Connecticut Water Co.

 

 

 

 

 

 

 

 

 

LOC: Citizens Bank of Rhode Island

 

 

 

 

 

 

 

2.350% 01/04/29(a)

 

4,500,000

 

4,500,000

 

Crescent Paper Tube Co.

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 08/01/22(a)

 

2,710,000

 

2,710,000

 

Crestmont Realty Corp.

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 11/01/22(a)

 

4,440,000

 

4,440,000

 

Deltime LLC Project

 

 

 

 

 

 

 

 

 

LOC: National City Bank

 

 

 

 

 

 

 

2.480% 02/01/23(a)

 

2,430,000

 

2,430,000

 

 

1


 

 

 

 

 

Par ($)

 

Value ($)*

 

Corporate Fixed-Income Bonds & Notes – (continued)

 

 

 

 

 

FINANCIALS – (continued)

 

 

 

 

 

 

 

Diversified Financial Services – (continued)

 

 

 

 

 

Dominican Sisters

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 10/01/23(a)

 

3,945,000

 

3,945,000

 

Dublin Building LLC

 

 

 

 

 

 

 

 

 

LOC: National City Bank

 

 

 

 

 

 

 

2.480% 11/01/18(a)

 

1,630,000

 

1,630,000

 

Fannin and Fannin LLC

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 12/01/24(a)

 

2,000,000

 

2,000,000

 

General Electric Capital Corp.

 

2.510% 01/17/06(a)

 

13,000,000

 

13,000,000

 

Harrier Finance Funding LLC

 

2.060% 10/25/05(a)(b)

 

10,000,000

 

10,000,000

 

JMB Realty Corp.

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 05/01/22(a)(c)

 

770,000

 

770,000

 

K.C. Jordan & Associates, Inc.

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 04/01/23(a)

 

1,000,000

 

1,000,000

 

Kingston Care Center of Sylvania

 

 

 

 

 

 

 

 

 

LOC: Bank One NA

 

 

 

 

 

 

 

2.480% 05/01/33(a)

 

11,675,000

 

11,675,000

 

LTC Investors LLC

 

 

 

 

 

 

 

 

 

LOC: National City Bank

 

 

 

 

 

 

 

2.420% 11/01/24(a)

 

2,320,000

 

2,320,000

 

Michigan Equity Group LLC

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 04/01/34(a)

 

1,350,000

 

1,350,000

 

 

 

2.420% 04/01/34(a)(c)

 

4,540,000

 

4,540,000

 

Morgan Stanley

 

2.458% 01/27/06(a)

 

12,000,000

 

12,000,000

 

Precision Radiotherapy LLC

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 08/01/18(a)

 

2,430,000

 

2,430,000

 

PS Greetings, Inc.

 

 

 

 

 

 

 

 

 

LOC: LaSalle Bank NA

 

 

 

 

 

 

 

2.580% 12/01/33(a)

 

1,080,000

 

1,080,000

 

Redcay Funding LLC

 

 

 

 

 

 

 

 

 

LOC: Sun Trust Bank

 

 

 

 

 

 

 

2.410% 11/01/25(a)

 

2,165,000

 

2,165,000

 

Sedna Finance, Inc.

 

1.818% 10/14/05(a)(b)

 

10,000,000

 

10,000,000

 

Shepherd Capital LLC

 

 

 

 

 

 

 

 

 

LOC: Old Kent Bank & Trust

 

 

 

 

 

 

 

2.540% 03/15/49(a)

 

1,955,000

 

1,955,000

 

Skeletal Properties LLC

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 11/01/14(a)

 

2,000,000

 

2,000,000

 

 

2


 

 

 

 

 

Par ($)

 

Value ($)*

 

Corporate Fixed-Income Bonds & Notes – (continued)

 

 

 

 

 

FINANCIALS – (continued)

 

 

 

 

 

 

 

Diversified Financial Services – (continued)

 

 

 

 

 

Spartan Medical Facility LP

 

 

 

 

 

 

 

 

 

LOC: Fifth Third Bank

 

 

 

 

 

 

 

2.420% 12/01/26(a)(c)

 

1,500,000

 

1,500,000

 

Springside Corp. Exchange Partners I LLC

 

 

 

 

 

 

 

 

 

LOC: US Bank NA

 

 

 

 

 

 

 

2.480% 02/01/36(a)

 

2,245,000

 

2,245,000

 

White Pine Finance LLC

 

2.393% 09/07/05(a)(b)

 

10,000,000

 

9,997,286

 

Young Men’s Christian Association

 

 

 

 

 

 

 

 

 

LOC: Wachovia Bank

 

 

 

 

 

 

 

2.420% 02/01/24(a)

 

2,490,000

 

2,490,000

 

 

 

Diversified Financial Services Total

 

162,938,811

 

 

 

FINANCIALS TOTAL

 

182,943,970

 

 

 

 

Total Corporate Fixed-Income Bonds &
Notes
(cost of $182,943,970)

 

182,943,970

 

U.S. Government Agencies – 23.0%

 

 

 

 

 

 

 

Federal Home Loan Bank

 

1.350% 04/15/05-04/29/05

 

13,000,000

 

13,000,000

 

 

 

1.990% 04/19/05(a)

 

15,000,000

 

14,998,674

 

 

 

2.338% 04/25/05(a)

 

7,000,000

 

6,999,120

 

Federal Home Loan Mortgage Corp.

 

2.000% 10/07/05(a)

 

30,000,000

 

30,000,000

 

 

 

2.165% 11/07/05(a)

 

8,000,000

 

8,000,000

 

Federal National Mortgage Association

 

1.550% 05/04/05

 

6,000,000

 

6,000,000

 

 

 

1.600% 05/13/05

 

3,000,000

 

3,000,000

 

 

 

1.750% 05/23/05

 

5,000,000

 

5,000,000

 

 

 

2.460% 03/23/05(a)

 

25,000,000

 

24,998,885

 

 

 

 

Total U.S. Government Agencies
(cost of $111,996,679)

 

 

 

111,996,679

 

Municipal Bonds – 19.9%

 

 

 

 

 

 

 

CALIFORNIA – 3.2%

 

 

 

 

 

 

 

CA ABAG Finance Authority For Nonprofit Corps.

 

 

 

 

 

 

 

 

 

California Multifamily Revenue:

 

 

 

 

 

 

 

Bachenheimer Building Apartments, Series 2002,

 

 

 

 

 

 

 

LOC: FNMA

 

 

 

 

 

 

 

2.420% 07/15/35(a)

 

2,100,000

 

2,100,000

 

 

 

 

 

 

 

 

 

 

 

Berkeleyan LLC, Series 2003,

 

 

 

 

 

 

 

LOC: FNMA

 

 

 

 

 

 

 

2.420% 05/15/33(a)

 

2,200,000

 

2,200,000

 

 

3


 

 

 

 

 

Par ($)

 

Value ($)*

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

CALIFORNIA – (continued)

 

 

 

 

 

 

 

 

 

Darling Florist Building Apartments, Series 2002, LOC: FNMA

 

 

 

 

 

 

 

2.420% 07/15/35(a)

 

1,500,000

 

1,500,000

 

 

 

Fine Arts Building Apartments, Series 2002, LOC: FNMA

 

 

 

 

 

 

 

2.420% 07/15/35

 

3,800,000

 

3,800,000

 

 

 

Gaia Building LLC, Series 2000,
LOC: FNMA

 

 

 

 

 

 

 

2.420% 09/15/32(a)

 

2,375,000

 

2,375,000

 

CA Statewide Communities Development Authority

 

 

 

 

 

 

 

 

 

Vineyard Creek Apartments, Series 2003, LOC: Federal Home Loan Bank

 

 

 

 

 

 

 

2.460% 12/01/36(a)

 

3,700,000

 

3,700,000

 

 

 

 

 

California Total

 

15,675,000

 

IOWA – 0.5%

 

 

 

 

 

 

 

IA Finance Authority

 

 

 

 

 

 

 

 

 

St. Luke’s Health Foundation, Series 2003 B, LOC: General Electric Capital Corp.

 

 

 

 

 

 

 

2.420% 03/01/18(a)

 

2,565,000

 

2,565,000

 

 

 

 

 

Iowa Total

 

2,565,000

 

MARYLAND – 3.7%

 

 

 

 

 

 

 

MD Baltimore Project Revenue

 

 

 

 

 

 

 

 

 

Baltimore Parking Facilities, Series 2002,

 

 

 

 

 

 

 

Insured: FGIC

 

 

 

 

 

 

 

SPA: Dexia Credit Local

 

 

 

 

 

 

 

2.400% 07/01/32(a)

 

18,000,000

 

18,000,000

 

 

 

 

 

Maryland Total

 

18,000,000

 

MASSACHUSETTS – 1.0%

 

 

 

 

 

 

 

MA State Housing Finance Agency
Revenue

 

 

 

 

 

 

 

 

 

Avalon Upper Falls LLC, Series 2004 A,

 

 

 

 

 

 

 

LOC: JPMorgan Chase Bank

 

 

 

 

 

 

 

2.450% 12/01/34(a)

 

5,000,000

 

5,000,000

 

 

 

Massachusetts Total

 

5,000,000

 

MICHIGAN – 3.0%

 

 

 

 

 

 

 

MI Oakland County

 

 

 

 

 

 

 

 

 

Series 2004,

 

 

 

 

 

 

 

1.625% 05/01/05

 

5,000,000

 

4,983,945

 

MI State University Revenue

 

 

 

 

 

 

 

 

 

Series 2003 C,
SPA: Landesbank Hessen-Thurigen GZ

 

 

 

 

 

 

 

2.470% 02/15/33(a)

 

9,850,000

 

9,850,000

 

 

 

 

 

Michigan Total

 

14,833,945

 

 

4


 

 

 

 

 

Par ($)

 

Value ($)*

 

Municipal Bonds – (continued)

 

 

 

 

 

 

 

NEW HAMPSHIRE – 1.5%

 

 

 

 

 

 

 

NH Business Finance Authority

 

 

 

 

 

 

 

 

 

Series 2002 A,
SPA: Bank of New York

 

 

 

 

 

 

 

2.440% 11/01/20(a)

 

7,100,000

 

7,100,000

 

 

 

New Hampshire Total

 

7,100,000

 

NEW JERSEY – 3.9%

 

 

 

 

 

 

 

NJ Economic Development Authority
Lease Revenue

 

 

 

 

 

 

 

 

 

Insured: FSA
SPA: Dexia Credit Local

 

 

 

 

 

 

 

2.420% 02/15/29(a)

 

19,000,000

 

19,000,000

 

 

 

 

 

New Jersey Total

 

19,000,000

 

TENNESSEE – 0.4%

 

 

 

 

 

 

 

TN Coffee County Industrial Board, Inc.
Revenue

 

 

 

 

 

 

 

 

 

Stamtec, Inc.,
Series 1999,

 

 

 

 

 

 

 

LOC: JPMorgan Chase Bank

 

 

 

 

 

 

 

2.490% 09/01/14(a)

 

1,955,000

 

1,955,000

 

 

 

 

 

Tennessee Total

 

1,955,000

 

TEXAS – 2.2%

 

 

 

 

 

 

 

TX State

 

 

 

 

 

 

 

 

 

Veterans’ Housing,
Series 2002 B,

 

 

 

 

 

 

 

SPA: Landesbank Hessen-Thuringen GZ

 

 

 

 

 

 

 

2.420% 06/01/23(a)

 

10,550,000

 

10,550,000

 

 

 

 

 

Texas Total

 

10,550,000

 

VIRGINIA – 0.5%

 

 

 

 

 

 

 

VA Richmond Redevelopment & Housing
Authority Project Revenue

 

 

 

 

 

 

 

 

 

Old Manchester,
Series 1995 B,

 

 

 

 

 

 

 

LOC: Wachovia Bank, NA

 

 

 

 

 

 

 

2.200% 12/01/25(a)

 

2,310,000

 

2,310,000

 

 

 

 

 

Virginia Total

 

2,310,000

 

 

 

Total Municipal Bonds
(cost of $96,988,945)

 

 

 

96,988,945

 

Commercial Paper – 10.5%

 

 

 

 

 

 

 

Beta Finance, Inc.

 

2.000% 01/11/05(b)

 

15,000,000

 

14,991,667

 

Delaware Funding Corp.

 

2.200% 01/03/05(c)

 

9,642,000

 

9,640,822

 

Jupiter Securitization Corp.

 

2.330% 02/04/05(c)

 

8,000,000

 

7,982,396

 

Solitaire Funding LLC

 

2.000% 01/12/05(c)

 

13,585,000

 

13,576,698

 

Whistlejacket Capital

 

2.325% 04/15/05(b)

 

5,000,000

 

4,999,578

 

 

 

Total Commercial Paper
(cost of $51,191,161)

 

 

 

51,191,161

 

 

5


 

 

 

 

 

Par ($)

 

Value ($)*

 

Certificates of Deposit – 9.4%

 

 

 

 

 

 

 

Barclays Bank PLC

 

2.343% 05/25/05

 

10,000,000

 

9,998,794

 

Canadian Imperial Bank of Canada

 

2.295% 03/15/08(a)(d)

 

20,000,000

 

20,000,000

 

CS First Boston

 

2.570% 12/29/05

 

6,000,000

 

6,001,194

 

Unicredito Italiano S.p.A.

 

2.040% 07/27/05

 

10,000,000

 

9,996,193

 

 

 

Total Certificates of Deposit
(cost of $45,996,181)

 

 

 

45,996,181

 

Short-Term Obligation – 0.2%

 

 

 

 

 

 

 

 

 

Repurchase agreement with State Street Bank & Trust Co., dated 12/31/04, due 01/03/05 at 2.100%, collateralized by a U.S. Government Agency maturing 01/12/05, market value of $1,168,538 (repurchase proceeds $1,143,200)

 

1,143,000

 

1,143,000

 

 

 

Total Short-Term Obligation
(cost of $1,143,000)

 

 

 

1,143,000

 

 

 

Total Investments – 100.5%
(cost of $490,259,936)(e)

 

 

 

490,259,936

 

 

 

Other Assets & Liabilities,
Net – (0.5)%

 

 

 

(2,470,954

)

 

 

Net Assets – 100.0%

 

 

 

487,788,982

 

 

Notes to Investment Portfolio:

 

*                 Security Valuation:

 

Securities in the Fund are valued utilizing the amortized cost valuation method permitted in accordance with Rule 2a-7 under the 1940 Act provided certain conditions are met.  This method involves valuing a portfolio security initially at its cost and thereafter assuming a constant accretion or amortization to maturity of any discount or premium, respectively.

 

(a)          Variable rate security. The interest rate shown reflects the rate as of December 31, 2004.

 

(b)         Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2004, these securities amounted to $73,853,690, which represents 15.1% of net assets.

 

(c)          Security exempt from registration under Section 4(2) of the Securities Act of 1933. This security may only be resold in exempt transactions to qualified buyers. Private resales of this security to qualified institutional buyers are also exempt from registration pursuant to Rule 144A under the Securities Act of 1933. At December 31, 2004, these securities amounted to $38,009,916, which represents 7.8% of net assets.

 

(d)         The rate shown represents the annualized yield at the date of purchase or the date of coupon reset.

 

(e)          Cost for federal income tax purposes is $490,259,936.

 

6


 

Acronym

 

Name

ABAG

 

Association of Bay Area Government

FGIC

 

Federal Guaranty Insurance Co.

FNMA

 

Federal National Mortgage Association

FSA

 

Financial Security Assurance, Inc.

LOC

 

Letter of Credit/Line of Credit

SPA

 

Stand-by Purchase Agreement

 

7


 

Item 2. Controls and Procedures.

 

(a)          The registrant’s principal executive officer and principal financial officer, based on their evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, have concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

(b)         There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.

 


 

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)

 

Columbia Funds Trust II

 

 

 

By (Signature and Title)

 

/S/ Christopher L. Wilson

 

 

 

Christopher L. Wilson, President

 

 

 

Date

 

March 1, 2005

 

 

 

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/ Christopher L. Wilson

 

 

 

Christopher L. Wilson, President

 

 

 

Date

 

March 1, 2005

 

 

 

By (Signature and Title)

 

/S/ J. Kevin Connaughton

 

 

 

J. Kevin Connaughton, Treasurer

 

 

 

Date

 

March 1, 2005