-----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, LiErl2J2rB1xnwbuz0Oo9ZQMN73MZDryEoVgZhfaPXgjFF+oniR+66kG2OVXT5Su IR9qI6EhpVqWGFdZTJA3GQ== 0000930413-06-000356.txt : 20060120 0000930413-06-000356.hdr.sgml : 20060120 20060120120559 ACCESSION NUMBER: 0000930413-06-000356 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20051130 FILED AS OF DATE: 20060120 DATE AS OF CHANGE: 20060120 EFFECTIVENESS DATE: 20060120 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HILLIARD LYONS GOVERNMENT FUND INC CENTRAL INDEX KEY: 0000317872 IRS NUMBER: 610978881 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03070 FILM NUMBER: 06539951 BUSINESS ADDRESS: STREET 1: HILLIARD LYONS CTR STREET 2: PO BOX 32760 CITY: LOUISVILLE STATE: KY ZIP: 40232 BUSINESS PHONE: 5025888832 MAIL ADDRESS: STREET 1: PO BOX 32760 CITY: LOUISVILLE STATE: KY ZIP: 40232 FORMER COMPANY: FORMER CONFORMED NAME: HILLIARD LYONS CASH MANAGEMENT INC DATE OF NAME CHANGE: 19830125 N-Q 1 c40507_n-q.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 811-3070 Hilliard-Lyons Government Fund, Inc. -------------------------------------------- (Exact name of registrant as specified in charter) Hilliard Lyons Center Louisville, Kentucky 40202 -------------------------------------------- (Address of principal executive offices) (Zip code) Joseph C. Curry, Jr. Hilliard-Lyons Government Fund, Inc. P.O. Box 32760 Louisville, Kentucky 40232-2760 ------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 502-588-8400 Date of fiscal year end: August 31 Date of reporting period: November 30, 2005 Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS. The Schedule of Investments. HILLIARD-LYONS GOVERNMENT FUND, INC. SCHEDULE OF INVESTMENTS NOVEMBER 30, 2005 (UNAUDITED)
CASH PRINCIPAL EQUIVALENT MATURITY AMOUNT YIELD DATE VALUE --------- ---------- -------- ----------- U.S. GOVERNMENT SPONSORED ENTERPRISES* --100.2%** $ 13,693,000 Federal Home Loan Bank Discount Note 3.617% 12/01/05 $13,693,000 30,406,000 Federal Home Loan Bank Discount Note 3.880 12/01/05 30,406,000 30,000,000 Federal Home Loan Bank Discount Note 3.529 12/02/05 29,997,142 22,000,000 Federal Home Loan Bank Discount Note 3.748 12/05/05 21,991,053 25,000,000 Federal Home Loan Bank Discount Note 3.737 12/06/05 24,987,326 19,215,000 Federal Home Loan Bank Discount Note 3.663 12/07/05 19,203,535 35,000,000 Federal Home Loan Bank Discount Note 3.712 12/08/05 34,975,330 30,000,000 Federal Home Loan Bank Discount Note 3.704 12/09/05 29,975,867 30,000,000 Federal Home Loan Bank Discount Note 3.969 12/12/05 29,964,250 30,000,000 Federal Home Loan Bank Discount Note 3.969 12/13/05 29,961,000 40,000,000 Federal Home Loan Bank Discount Note 3.755 12/14/05 39,946,989 15,000,000 Federal Farm Credit Bank Discount Note 3.967 12/15/05 14,977,250 45,000,000 Federal Home Loan Bank Discount Note 3.751 12/16/05 44,931,281 40,000,000 Federal Home Loan Bank Discount Note 4.010 12/19/05 39,921,300 20,000,000 Federal Home Loan Bank Discount Note 3.982 12/20/05 19,958,728 32,000,000 Federal Home Loan Bank Discount Note 3.828 12/21/05 31,933,511 20,000,000 Federal Home Loan Bank Discount Note 4.008 12/22/05 19,954,033 25,000,000 Federal Home Loan Bank Discount Note 3.833 12/23/05 24,942,785 30,000,000 Federal Home Loan Bank Discount Note 3.993 12/27/05 29,915,067 21,000,000 Federal Home Loan Bank Discount Note 3.921 12/28/05 20,939,677 14,000,000 Federal Home Loan Bank Discount Note 3.668 12/29/05 13,961,236 30,000,000 Federal Home Loan Bank Discount Note 3.925 12/30/05 29,907,321 25,000,000 Federal Farm Credit Bank Discount Note 4.123 01/03/06 24,907,187 50,000,000 Federal Home Loan Bank Discount Note 3.973 01/04/06 49,816,778 25,000,000 Federal Farm Credit Bank Discount Note 3.793 01/06/06 24,907,500 36,000,000 Federal Home Loan Bank Discount Note 3.746 01/09/06 35,857,650 30,000,000 Federal Home Loan Bank Discount Note 4.095 01/10/06 29,866,000 30,000,000 Federal Home Loan Bank Discount Note 4.009 01/11/06 29,866,237 30,000,000 Federal Home Loan Bank Discount Note 4.132 01/12/06 29,858,250 10,000,000 Federal Home Loan Bank Discount Note 4.020 01/13/06 9,953,058 10,000,000 Federal Home Loan Bank Discount Note 4.030 01/13/06 9,952,999 32,193,000 Federal Home Loan Bank Discount Note 4.024 01/17/06 32,027,823 25,000,000 Federal Home Loan Bank Discount Note 3.858 01/18/06 24,874,667 20,000,000 Federal Home Loan Bank Discount Note 3.858 01/19/06 19,897,644 40,000,000 Federal Home Loan Bank Discount Note 4.066 01/20/06 39,779,444 40,000,000 Federal Home Loan Bank Discount Note 4.123 01/25/06 39,754,028 20,000,000 Federal Home Loan Bank Discount Note 4.144 01/27/06 19,871,908 30,000,000 Federal Home Loan Bank Discount Note 4.159 02/01/06 29,790,233 20,000,000 Federal Home Loan Bank Discount Note 4.164 02/03/06 19,855,467 20,000,000 Federal Home Loan Bank Discount Note 3.765 02/08/06 19,859,892
HILLIARD-LYONS GOVERNMENT FUND, INC. SCHEDULE OF INVESTMENTS - CONTINUED NOVEMBER 30, 2005 (UNAUDITED)
CASH PRINCIPAL EQUIVALENT MATURITY AMOUNT YIELD DATE VALUE --------- ---------- -------- ----------- U.S. GOVERNMENT SPONSORED ENTERPRISES* --100.2%** $ 15,000,000 Federal Home Loan Bank Discount Note 3.841% 02/08/06 $14,892,762 21,500,000 Federal Home Loan Bank Discount Note 3.771 02/10/06 21,344,806 25,000,000 Federal Home Loan Bank Discount Note 4.172 02/13/06 24,790,847 40,000,000 Federal Home Loan Bank Discount Note 4.242 02/15/06 39,650,400 25,000,000 Federal Home Loan Bank Discount Note 4.240 02/17/06 24,775,750 20,000,000 Federal Home Loan Bank Discount Note 4.275 02/21/06 19,809,806 30,000,000 Federal Home Loan Bank Discount Note 4.289 02/22/06 29,710,538 20,000,000 Federal Farm Credit Bank Discount Note 4.117 02/24/06 19,810,875 30,000,000 Federal Home Loan Bank Discount Note 4.085 03/01/06 29,702,250 15,000,000 Federal Home Loan Bank Discount Note 4.335 03/08/06 14,831,058 15,000,000 Federal Farm Credit Bank Discount Note 4.221 03/14/06 14,824,042 20,000,000 Federal Home Loan Bank Discount Note 4.288 03/15/06 19,758,778 21,937,000 Federal Home Loan Bank Discount Note 4.143 03/24/06 21,660,536 TOTAL U. S. GOVERNMENT SPONSORED ENTERPRISES (at amortized cost -- $1,382,702,894) 1,382,702,894 -------------- TOTAL INVESTMENTS - 100.2% (at amortized cost -- $1,382,702,894***) 1,382,702,894 -------------- OTHER ASSETS LESS LIABILITIES (0.2%) (2,756,330) -------------- NET ASSETS 100.0% $1,379,946,564 ==============
* Obligations of U.S. Government sponsored enterprises are not issued nor guaranteed by the United States Treasury. ** The percentage shown for each investment category is the total value of that category as a percentage of the total net assets of the Fund. *** Also represents cost for federal income tax purposes. ITEM 2. CONTROLS AND PROCEDURES. (a) The registrant's principal executive and principal financial officers have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effectively designed, as of a date within 90 days of the filing date of this report based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)). (b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) 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) Certifications pursuant to Rule 30a-2(a) under the 1940 Act. 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) Hilliard-Lyons Government Fund, Inc. ------------------------------------------------------------------- By (Signature and Title) /s/ Joseph C. Curry, Jr. -------------------------------------------------------- Joseph C. Curry, Jr., President (principal executive officer) Date January 20, 2006 ---------------------------------------------------------------------------- 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/ Dianna P. Wengler -------------------------------------------------------- Dianna P. Wengler, Vice President and Treasurer (principal financial officer) Date January 20, 2006 ---------------------------------------------------------------------------- By (Signature and Title) /s/ Joseph C. Curry, Jr. -------------------------------------------------------- Joseph C. Curry, Jr., President (principal executive officer) Date January 20, 2006 ---------------------------------------------------------------------------- EX-99.A1 2 c40507_ex99-a1.txt EXHIBIT (a.1) CERTIFICATIONS I, Joseph C. Curry, Jr., certify that: 1. I have reviewed this report on Form N-Q of Hilliard-Lyons Government Fund, Inc.; 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 control 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 control over financial reporting 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: January 20, 2006 /s/ Joseph C. Curry, Jr. ------------------ --------------------------------- Joseph C. Curry, Jr., President (principal executive officer) EX-99.A2 3 c40507_ex99-a2.txt EXHIBIT (a.2) CERTIFICATIONS I, Dianna P. Wengler, certify that: 1. I have reviewed this report on Form N-Q of Hilliard-Lyons Government Fund, Inc.; 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 control 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 control over financial reporting 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: January 20, 2006 /s/ Dianna P. Wengler ----------------- ------------------------------ Dianna P. Wengler, Vice President and Treasurer (principal financial officer) -----END PRIVACY-ENHANCED MESSAGE-----