N-Q 1 dnq.htm NATIXIS CASH MANAGEMENT TRUST Natixis Cash Management Trust

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-02819

 

 

Natixis Cash Management Trust

(Exact name of registrant as specified in charter)

 

 

399 Boylston Street, Boston, Massachusetts 02116

(Address of principal executive offices) (Zip code)

Coleen Downs Dinneen, Esq.

Natixis Distributors, L.P.

399 Boylston Street

Boston, Massachusetts 02116

(Name and address of agent for service)

Registrant’s telephone number, including area code: (617) 449-2810

Date of fiscal year end: June 30

Date of reporting period: September 30, 2009

 

 

 


ITEM I SCHEDULE OF INVESTMENTS


NATIXIS CASH MANAGEMENT TRUST - MONEY MARKET SERIES — PORTFOLIO OF INVESTMENTS

Investments as of September 30, 2009 (Unaudited)

 

 
 
Principal
Amount
  

Description

     Value (†)   
  Certificates of Deposit — 52.5% of Net Assets   
$ 12,000,000   

CALYON North America, Inc.,

0.480%, 10/07/2009

   $ 12,000,000   
  12,000,000   

Landesbank Hessen Thueringen Girozentrale,

0.520%, 10/15/2009

     12,000,046   
  12,000,000   

Dexia Credit Local de France,

0.520%, 10/19/2009

     12,000,060   
  10,000,000   

Bayerische Hypo-Und Vereinsbank,

0.580%, 10/19/2009

     10,000,051   
  12,000,000   

Banco Bilbao de Vizcaya,

0.310%, 10/23/2009

     12,000,036   
  12,000,000   

Deutsche Bank AG,

0.310%, 11/06/2009

     12,000,060   
  10,000,000   

Skandinaviska Enskilda Banken NY,

0.500%, 11/13/2009

     10,000,060   
  10,000,000   

Kredietbank,

0.600%, 11/17/2009

     10,000,130   
  10,000,000   

Bank of Montreal,

0.250%, 12/15/2009

     10,000,000   
  12,000,000   

Rabobank Nederland,

0.490%, 1/15/2010

     12,003,170   
  6,300,000   

Svenska Handelsbanken NY,

0.420%, 1/29/2010

     6,300,418   
  5,000,000   

Nordea Bank,

0.420%, 3/22/2010

     5,001,668   
           
  

Total Certificates of Deposit

(Identified Cost $123,305,699)

     123,305,699   
           
  Commercial Paper — 28.9%   
   Banking — 23.8%   
  10,000,000   

Royal Bank of Scotland,

0.470%, 11/02/2009(b)

     9,995,822   
  10,000,000   

Commonwealth Bank of Australia,

0.270%, 11/23/2009(b)

     9,996,025   
  10,000,000   

Societe Generale North America,

0.300%, 12/28/2009(b)

     9,992,666   
  10,000,000   

Lloyd’s TSB Bank PLC,

0.230%, 12/29/2009(b)

     9,994,314   
  11,000,000   

Bank of Nova Scotia,

0.310%, 3/10/2010(b)

     10,984,845   
  5,000,000   

Nordea North America, Inc.,

0.270%, 3/23/2010(b)

     4,993,512   
           
        55,957,184   
           
   Distribution/Wholesale — 5.1%   
  12,000,000   

Louis Dreyfus Corp.,

(Credit Support: Barclays Bank),

0.620%, 10/02/2009(b)

     11,999,794   
           
  

Total Commercial Paper

(Identified Cost $67,956,978)

     67,956,978   
           
  Time Deposits — 12.8%   
  7,000,000   

National Bank of Canada,

0.100%, 10/01/2009

     7,000,000   
  11,500,000   

Citibank,

0.120%, 10/01/2009

     11,500,000   
  11,500,000   

BNP Paribas,

0.130%, 10/01/2009

     11,500,000   
           
  

Total Time Deposits

(Identified Cost $30,000,000)

     30,000,000   
           
  Variable Rate Demand Notes — 4.3%   
   Municipal — 4.3%   
  10,000,000   

Colorado, Southern Ute Indian Tribe Reservation,

0.650%, 1/01/2027(c)

(Identified Cost $10,000,000)

     10,000,000   
           
  Medium Term Notes — 1.7%   
   Cosmetics & Personal Care — 1.7%   
  4,100,000   

Procter & Gamble International Funding,

0.478%, 5/07/2010(d)

(Identified Cost $4,100,000)

     4,100,000   
           
  

Total Investments — 100.2%

(Identified Cost $235,362,677)(a)

     235,362,677   
  

Other assets less liabilities — (0.2)%

     (576,682
           
  

Net Assets — 100.0%

   $ 234,785,995   
           

 

(†) The Fund employs the amortized cost method of security valuation as set forth in Rule 2a-7 under the 1940 Act which, in the opinion of the Trustees of the Trust, represents the fair value of the particular security. The amortized cost of a security is determined by valuing it at original cost and thereafter assumes a constant accretion/amortization to maturity of any discount/premium. By using amortized cost valuation, the Fund seeks to maintain a constant net asset value of $1.00 per share despite minor shifts in the market value of its portfolio securities.
(a) The aggregate cost for federal income tax purposes was $235,362,677.
(b) Interest rate represents discount rate at time of purchase; not a coupon rate.
(c) Security payable on demand at par including accrued interest (usually with seven days notice). The interest rate is adjustable and is based on bank prime rates or other interest rate adjustment indices. The rate shown is the rate in effect at the date of this statement.
(d) Floating rate note. Rate shown is as of September 30, 2009.

 

1


NATIXIS CASH MANAGEMENT TRUST - MONEY MARKET SERIES — PORTFOLIO OF INVESTMENTS (continued)

Investments as of September 30, 2009 (Unaudited)

Fair Value Measurements

In accordance with accounting standards related to fair value measurements and disclosures, the Fund has categorized the inputs utilized in determining the value of the Fund’s assets or liabilities. These inputs are summarized in the three broad levels listed below:

 

   

Level 1 - quoted prices in active markets for identical assets or liabilities;

 

   

Level 2 - prices determined using other significant inputs that are observable either directly, or indirectly through corroboration with observable market data (which could include quoted prices for similar assets or liabilities, interest rates, credit risk, etc.);

 

   

Level 3 - prices determined using significant unobservable inputs for situations where quoted prices or observable inputs are unavailable such as when there is little or no market activity for an asset or liability (unobservable inputs reflect the Portfolio’s own assumptions in determining the fair value of assets or liabilities and would be based on the best information available).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2009, at value:

Asset Valuation Inputs

 

Description

   Level 1    Level 2    Level 3    Total

Investments in Securities*

   $ —      $ 235,362,677    $ —      $ 235,362,677
               

 

* Major categories of the Fund’s investments are included above.

Industry Summary at September 30, 2009 (Unaudited)

 

Banking (including Certificates of Deposit and Time Deposits)

   89.1

Distribution/Wholesale

   5.1   

Municipal

   4.3   

Cosmetics & Personal Care

   1.7   
      

Total Investments

   100.2   

Other assets less liabilities

   (0.2
      

Net Assets

   100.0
      

 

2


ITEM 2. CONTROLS AND PROCEDURES.

The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the registrant in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.

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

 

(a)(1)      Certification for the Principal Executive Officer pursuant to Rule 30a-2(a) of the Investment Company Act of 1940 (17 CFR 270.30a-2(a)), filed herewith.
(a)(2)      Certification for the Principal Financial Officer pursuant to Rule 30a-2(a) of the Investment Company Act of 1940 (17 CFR 270.30a-2(a)), 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.

 

Natixis Cash Management Trust
By:  

/s/    DAVID L. GIUNTA        

Name:   David L. Giunta
Title:   President and Chief Executive Officer
Date:   November 23, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:  

/s/    DAVID L. GIUNTA        

Name:   David L. Giunta
Title:   President and Chief Executive Officer
Date:   November 23, 2009
By:  

/s/    MICHAEL C. KARDOK        

Name:   Michael C. Kardok
Title:   Treasurer
Date:   November 23, 2009