-----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, V57ErUffHX5gnd25LYfXCg1Pgfkt3C69KYOFU4syretC2NPb4fC/OfHwnMGE1uIU 3MXa8PpZOxpuWTbVQffRnQ== 0000930413-06-005292.txt : 20060719 0000930413-06-005292.hdr.sgml : 20060719 20060719092051 ACCESSION NUMBER: 0000930413-06-005292 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060531 FILED AS OF DATE: 20060719 DATE AS OF CHANGE: 20060719 EFFECTIVENESS DATE: 20060719 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: 06968397 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 0000317872 S000000761 HILLIARD LYONS GOVERNMENT FUND INC C000002178 HILLIARD LYONS GOVERNMENT FUND INC HLCXX N-Q 1 c43303_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 811-3070 ------------------------- Hilliard-Lyons Government Fund, Inc. ----------------------------------------------------------------- (Exact name of registrant as specified in charter) Hilliard Lyons Center P.O. Box 32760 -------------- Louisville, Kentucky 40232-2760 --------------------------------------- (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: May 31, 2006 -------------- 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. HILLIARD-LYONS GOVERNMENT FUND, INC. SCHEDULE OF INVESTMENTS (UNAUDITED) May 31, 2006
CASH PRINCIPAL EQUIVALENT MATURITY AMOUNT YIELD DATE VALUE ------ ----- ---- ----- U.S. GOVERNMENT SPONSORED ENTERPRISES* --100.2%** $ 30,000,000 Federal Home Loan Bank Discount Note 4.711% 06/01/06 $ 30,000,000 14,347,000 Federal Home Loan Bank Discount Note 4.959 06/01/06 14,347,000 23,702,000 Federal Home Loan Bank Discount Note 4.747 06/02/06 23,698,952 20,000,000 Federal Home Loan Bank Discount Note 4.869 06/05/06 19,989,378 20,000,000 Federal Home Loan Bank Discount Note 4.889 06/06/06 19,986,667 35,000,000 Federal Home Loan Bank Discount Note 4.518 06/07/06 34,974,508 25,000,000 Federal Home Loan Bank Discount Note 4.889 06/08/06 24,976,667 25,000,000 Federal Home Loan Bank Discount Note 4.786 06/09/06 24,974,083 45,000,000 Federal Home Loan Bank Discount Note 4.912 06/12/06 44,933,725 30,000,000 Federal Farm Credit Bank Discount Note 4.939 06/13/06 29,951,500 40,000,000 Federal Home Loan Bank Discount Note 4.728 06/14/06 39,933,555 30,000,000 Federal Farm Credit Bank Discount Note 4.653 06/15/06 29,947,267 40,000,000 Federal Home Loan Bank Discount Note 4.791 06/16/06 39,922,167 20,000,000 Federal Farm Credit Bank Discount Note 4.829 06/19/06 19,952,800 34,000,000 Federal Farm Credit Bank Discount Note 4.883 06/20/06 33,914,226 30,000,000 Federal Home Loan Bank Discount Note 4.849 06/21/06 29,921,250 25,000,000 Federal Home Loan Bank Discount Note 4.932 06/22/06 24,929,417 35,000,000 Federal Home Loan Bank Discount Note 4.903 06/23/06 34,897,440 35,000,000 Federal Home Loan Bank Discount Note 4.990 06/26/06 34,880,903 26,363,000 Federal Home Loan Bank Discount Note 4.654 06/28/06 26,273,926 35,000,000 Federal Farm Credit Bank Discount Note 4.973 06/29/06 34,867,156 40,000,000 Federal Home Loan Bank Discount Note 4.970 06/30/06 39,843,400 30,000,000 Federal Home Loan Bank Discount Note 4.895 07/05/06 29,864,850 15,000,000 Federal Farm Credit Bank Discount Note 5.024 07/06/06 14,928,104 35,000,000 Federal Home Loan Bank Discount Note 4.906 07/07/06 34,832,700 15,000,000 Federal Home Loan Bank Discount Note 5.015 07/10/06 14,920,131 28,000,000 Federal Home Loan Bank Discount Note 4.733 07/12/06 27,853,949 40,000,000 Federal Home Loan Bank Discount Note 4.961 07/14/06 39,768,994 40,000,000 Federal Home Loan Bank Discount Note 4.968 07/19/06 39,741,867 29,000,000 Federal Home Loan Bank Discount Note 5.029 07/21/06 28,801,833 40,000,000 Federal Home Loan Bank Discount Note 5.030 07/26/06 39,700,556 40,000,000 Federal Home Loan Bank Discount Note 5.028 07/28/06 39,689,667 30,000,000 Federal Home Loan Bank Discount Note 4.871 08/02/06 29,756,392 30,000,000 Federal Home Loan Bank Discount Note 4.783 08/04/06 29,753,867 40,000,000 Federal Home Loan Bank Discount Note 5.051 08/07/06 39,633,733 22,364,000 Federal Home Loan Bank Discount Note 5.041 08/08/06 22,156,586 15,000,000 Federal Home Loan Bank Discount Note 4.870 08/09/06 14,864,587 30,000,000 Federal Home Loan Bank Discount Note 5.067 08/09/06 29,716,237 45,000,000 Federal Home Loan Bank Discount Note 5.062 08/11/06 44,562,462 30,000,000 Federal Home Loan Bank Discount Note 5.030 08/15/06 29,693,750
HILLIARD-LYONS GOVERNMENT FUND, INC. SCHEDULE OF INVESTMENTS - continued (UNAUDITED) May 31, 2006
CASH PRINCIPAL EQUIVALENT MATURITY AMOUNT YIELD DATE VALUE ------ ----- ---- ----- $ 40,000,000 Federal Home Loan Bank Discount Note 5.067% 08/16/06 $ 39,583,267 25,000,000 Federal Farm Credit Bank Discount Note 5.041 08/17/06 24,737,451 30,000,000 Federal Home Loan Bank Discount Note 5.077 08/18/06 29,678,575 20,000,000 Federal Home Loan Bank Discount Note 5.134 08/23/06 19,769,214 30,000,000 Federal Home Loan Bank Discount Note 5.134 08/25/06 29,645,833 23,850,000 Federal Home Loan Bank Discount Note 5.053 08/28/06 23,564,330 -------------- TOTAL U. S. GOVERNMENT SPONSORED ENTERPRISES (at amortized cost -- $1,374,334,922) 1,374,334,922 -------------- TOTAL INVESTMENTS - 100.2% (at amortized cost -- $1,374,334,922***) 1,374,334,922 OTHER ASSETS LESS LIABILITIES - (0.2%) (3,447,340) -------------- NET ASSETS - 100.0% $1,370,887,582 ==============
* 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 (the "1940 Act")) are effective, based on an evaluation of those controls and procedures made as of a date within 90 days of the filing date of this report as required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Exchange Act. (b) There have been no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's most recent fiscal quarter of the period covered by this report 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: July 19, 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: July 19, 2006 -------------- By (Signature and Title) /s/ Joseph C. Curry, Jr. -------------------------------------------------------- Joseph C. Curry, Jr., President (principal executive officer) Date: July 19, 2006 -------------- EX-99.A1 2 c43303_ex-99a1.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: July 19, 2006 /s/ Joseph C. Curry, Jr. ------------- ------------------------------------- Joseph C. Curry, Jr., President (principal executive officer) EX-99.A2 3 c43303_ex-99a2.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: July 19, 2006 /s/ Dianna P. Wengler -------------- ----------------------------------------- Dianna P. Wengler, Vice President and Treasurer (principal financial officer) -----END PRIVACY-ENHANCED MESSAGE-----