-----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, LPiNmdFtwW+Oc2joNh8q9cHn5I12U3vzUBzbhO8YfyhvKc92eq8XK7oCB8+cW7PB fi293zaeIHJKeZ/cqJ5F+g== 0001193125-05-140697.txt : 20050712 0001193125-05-140697.hdr.sgml : 20050712 20050712120931 ACCESSION NUMBER: 0001193125-05-140697 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050531 FILED AS OF DATE: 20050712 DATE AS OF CHANGE: 20050712 EFFECTIVENESS DATE: 20050712 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: 05949795 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 dnq.txt FORM N-Q FOR HILLIARD LYONS GOVERNMENT FUND, INC. 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) William G. Strench, Esq. Frost Brown Todd LLC 400 West Market Street Louisville, Kentucky 40202 (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, 2005 Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 ((S)(S) 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. (S) 3507. Item 1. Schedule of Investments. The Schedule of Investments. HILLIARD-LYONS GOVERNMENT FUND, INC. SCHEDULE OF INVESTMENTS (UNAUDITED) May 31, 2005
Cash Principal Equivalent Maturity Amount Yield Date Value - ----------- ---------- -------- -------------- U.S. GOVERNMENT SPONSORED ENTERPRISES* --100.2%** $45,000,000 Federal Home Loan Bank Discount Note 2.818% 06/01/05 $ 45,000,000 10,133,000 Federal Home Loan Bank Discount Note 3.022 06/01/05 10,133,000 30,000,000 Federal Home Loan Bank Discount Note 2.915 06/02/05 29,997,608 30,000,000 Federal Home Loan Bank Discount Note 2.583 06/03/05 29,995,800 20,000,000 Federal Home Loan Bank Discount Note 2.839 06/06/05 19,992,250 37,000,000 Federal Home Loan Bank Discount Note 2.828 06/07/05 36,982,918 21,000,000 Federal Home Loan Bank Discount Note 2.730 06/08/05 20,989,098 10,000,000 Federal Home Loan Bank Discount Note 2.927 06/09/05 9,993,600 10,000,000 Federal Home Loan Bank Discount Note 2.986 06/09/05 9,993,467 30,000,000 Federal Home Loan Bank Discount Note 2.839 06/10/05 29,979,150 25,000,000 Federal Home Loan Bank Discount Note 2.888 06/13/05 24,976,375 40,000,000 Federal Home Loan Bank Discount Note 2.978 06/14/05 39,957,678 19,000,000 Federal Home Loan Bank Discount Note 2.900 06/15/05 18,979,016 25,000,000 Federal Home Loan Bank Discount Note 2.978 06/16/05 24,969,479 45,000,000 Federal Home Loan Bank Discount Note 2.900 06/17/05 44,943,300 20,000,000 Federal Home Loan Bank Discount Note 2.978 06/20/05 19,968,914 30,000,000 Federal Home Loan Bank Discount Note 2.612 06/22/05 29,955,462 30,000,000 Federal Home Loan Bank Discount Note 2.900 06/23/05 29,947,842 15,000,000 Federal Farm Credit Bank Discount Note 2.962 06/24/05 14,972,208 20,000,000 Federal Farm Credit Bank Discount Note 2.998 06/27/05 19,957,389 30,000,000 Federal Home Loan Bank Discount Note 2.959 06/29/05 29,932,217 40,000,000 Federal Farm Credit Bank Discount Note 2.961 06/30/05 39,906,556 40,000,000 Federal Home Loan Bank Discount Note 2.972 07/01/05 39,903,000 25,000,000 Federal Home Loan Bank Discount Note 2.982 07/05/05 24,931,056 24,000,000 Federal Home Loan Bank Discount Note 2.976 07/06/05 23,931,983 23,000,000 Federal Home Loan Bank Discount Note 3.012 07/07/05 22,931,920 35,000,000 Federal Home Loan Bank Discount Note 2.983 07/08/05 34,894,961 40,000,000 Federal Home Loan Bank Discount Note 3.027 07/13/05 39,861,400 33,000,000 Federal Home Loan Bank Discount Note 2.993 07/15/05 32,881,823 17,000,000 Federal Home Loan Bank Discount Note 3.026 07/20/05 16,931,625 13,000,000 Federal Home Loan Bank Discount Note 3.026 07/20/05 12,947,713 28,000,000 Federal Home Loan Bank Discount Note 2.990 07/21/05 27,886,250 35,000,000 Federal Home Loan Bank Discount Note 3.023 07/22/05 34,853,729 30,000,000 Federal Home Loan Bank Discount Note 3.060 07/27/05 29,860,233 15,000,000 Federal Home Loan Bank Discount Note 3.060 07/29/05 14,927,621 12,000,000 Federal Home Loan Bank Discount Note 3.094 08/01/05 11,938,390 30,000,000 Federal Home Loan Bank Discount Note 3.075 08/02/05 29,844,483 25,000,000 Federal Home Loan Bank Discount Note 3.051 08/03/05 24,869,844 20,000,000 Federal Home Loan Bank Discount Note 3.106 08/05/05 19,890,222 25,000,000 Federal Home Loan Bank Discount Note 3.097 08/08/05 24,856,917
HILLIARD-LYONS GOVERNMENT FUND, INC. SCHEDULE OF INVESTMENTS - CONTINUED (UNAUDITED) May 31, 2005
Cash Principal Equivalent Maturity Amount Yield Date Value - ----------- ---------- -------- -------------- $20,000,000 Federal Home Loan Bank Discount Note 3.097% 08/09/05 $ 19,883,850 25,000,000 Federal Home Loan Bank Discount Note 3.069 08/12/05 24,850,500 20,000,000 Federal Home Loan Bank Discount Note 3.151 08/15/05 19,871,458 35,000,000 Federal Home Loan Bank Discount Note 3.158 08/17/05 34,768,679 21,000,000 Federal Home Loan Bank Discount Note 3.173 08/18/05 20,858,722 20,000,000 Federal Home Loan Bank Discount Note 3.147 08/19/05 19,865,481 25,000,000 Federal Home Loan Bank Discount Note 3.118 08/22/05 24,826,319 20,000,000 Federal Home Loan Bank Discount Note 3.118 08/23/05 19,859,361 29,000,000 Federal Home Loan Bank Discount Note 3.188 08/24/05 28,788,879 31,000,000 Federal Home Loan Bank Discount Note 3.176 09/01/05 30,754,015 25,815,000 Federal Home Loan Bank Discount Note 3.207 09/28/05 25,548,761 30,000,000 Federal Home Loan Bank Discount Note 3.210 09/30/05 29,684,896 22,000,000 Federal Home Loan Bank Discount Note 3.251 10/07/05 21,752,427 19,336,000 Federal Home Loan Bank Discount Note 3.290 10/14/05 19,103,968 TOTAL U. S. GOVERNMENT SPONSORED ENTERPRISES (at amortized cost -- $1,390,083,813) 1,390,083,813 -------------- TOTAL INVESTMENTS (100.2%) (at amortized cost -- $1,390,083,813***) $1,390,083,813 --------------
* 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, or persons performing similar functions, 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 the report that includes the disclosure required by this paragraph, 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 has materially affected, or is 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 Investment Company Act of 1940. 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 ----------------------------------------------- Joseph C. Curry, Jr., President (principal executive officer) Date July 8, 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/ Dianna P. Wengler ----------------------------------------------- Dianna P. Wengler, Vice President and Treasurer (principal financial officer) Date July 8, 2005 By (Signature and Title)* /s/ Joseph C. Curry ----------------------------------------------- Joseph C. Curry, Jr., President (principal executive officer) Date July 8, 2005 * Print the name and title of each signing officer under his or her signature. EX-99.A 2 dex99a.txt CERTIFICATIONS PURSUANT TO RULE 30A-2(A) Exhibit (a) 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) 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) [Omitted] (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 8, 2005 /s/ Joseph C. Curry --------------------------------- Joseph C. Curry, Jr., President (principal executive officer) Exhibit (a) 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) 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. [Omitted] 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 8, 2005 /s/ Dianna P. Wengler --------------------------------- Dianna P. Wengler, Vice President and Treasurer (principal financial officer) -----END PRIVACY-ENHANCED MESSAGE-----