-----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, PJHcmf1wO7lUjz0CNCoaw2In7mAxpYdYuu2LCrjoseOv5VhLem+I6V0gkSDxdX1C FUPdKj6kudU3WR/W4YzJWQ== 0000928816-05-000604.txt : 20050428 0000928816-05-000604.hdr.sgml : 20050428 20050428151756 ACCESSION NUMBER: 0000928816-05-000604 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050228 FILED AS OF DATE: 20050428 DATE AS OF CHANGE: 20050428 EFFECTIVENESS DATE: 20050428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HANCOCK JOHN SOVEREIGN BOND FUND CENTRAL INDEX KEY: 0000045288 IRS NUMBER: 042528977 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-02402 FILM NUMBER: 05780312 BUSINESS ADDRESS: STREET 1: 101 HUNTINGTON AVE STREET 2: JOHN HANCOCK FUNDS CITY: BOSTON STATE: MA ZIP: 02199-7603 BUSINESS PHONE: 6173751702 MAIL ADDRESS: STREET 1: JOHN HANCOCK FUNDS STREET 2: 101 HUNTINGTON AVENUE CITY: BOSTON STATE: MA ZIP: 02199-7603 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN BONDS DATE OF NAME CHANGE: 19930921 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN BOND TRUST DATE OF NAME CHANGE: 19910704 FORMER COMPANY: FORMER CONFORMED NAME: HANCOCK JOHN BOND FUND INC DATE OF NAME CHANGE: 19841225 N-Q 1 hsbf1.txt JOHN HANCOCK SOVEREIGN BOND FUND UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-2402 John Hancock Sovereign Bond Fund (Exact name of registrant as specified in charter) 101 Huntington Avenue, Boston, Massachusetts 02199 (Address of principal executive offices) (Zip code) Susan S. Newton, Secretary 101 Huntington Avenue Boston, Massachusetts 02199 (Name and address of agent for service) Registrant's telephone number, including area code: 617-375-1702 Date of fiscal year end: May 31 Date of reporting period: February 28, 2005 ITEM 1. SCHEDULE OF INVESTMENTS JOHN HANCOCK Bond Fund 2.28.2005 Quarterly Portfolio Holdings [A 2" x 1" John Hancock (Signature)/John Hancock Funds logo in lower, center middle of page. A tag line below reads "JOHN HANCOCK FUNDS."]
John Hancock Bond Fund Securities owned by the Fund on February 28, 2005 (unaudited) Interest Maturity Credit Par value Issuer, description rate (%) date rating (A) ($000) Value - --------------------------------------------------------------------------------------------------------------------------------- Bonds 59.12% $700,783,823 (Cost $690,045,775) Agricultural Products 0.77% 9,067,323 Chaoda Modern Agriculture Holdings Ltd, Gtd Sr Note (Cayman Islands) (S) 7.750 02-08-2010 BB 535 513,600 Corn Products International, Inc., Sr Note 8.450 08-15-2009 BBB- 7,515 8,553,723 Airlines 1.01% 11,982,776 American Airlines, Inc., Pass Thru Ctf Ser 2001-2 (L) 7.858 10-01-2011 A- 4,200 4,351,021 Continental Airlines, Inc., Pass Thru Ctf Ser 1999-1A (L) 6.545 02-02-2019 A- 3,843 3,815,240 Pass Thru Ctf Ser 2001-1 Class C 7.033 06-15-2011 BB- 2,265 1,890,911 Jet Equipment Trust, Equip Trust Ctf Ser 1995-B2 (B)(H)(S) 10.910 08-15-2014 D 5,800 29,000 Northwest Airlines Corp., Pass Thru Ctf Ser 1996-1D 8.970 01-02-2015 CCC+ 2,463 1,896,604 Automobile Manufacturers 0.40% 4,779,379 DaimlerChrysler North America Holding Corp., Floating Rate Med Term Note Ser D (P) 3.470 05-24-2006 BBB 4,755 4,779,379 Auto Parts & Equipment 0.64% 7,622,286 Pennzoil-Quaker State, Gtd Sr Note 10.000 11-01-2008 Aa3 7,000 7,622,286 Broadcasting & Cable TV 2.47% 29,331,084 British Sky Broadcasting Group Plc, Gtd Note (United Kingdom) 7.300 10-15-2006 BBB- 2,350 2,467,531 Continental Cablevision, Inc., Deb 9.500 08-01-2013 BBB 3,280 3,513,372 Cox Communications, Inc., Floating Rate Note (P)(S) 3.040 12-14-2007 BBB- 1,460 1,468,519 Cox Enterprises, Note (S) 7.875 09-15-2010 BBB 2,515 2,780,888 Grupo Televisa S.A., Note (Mexico) 8.000 09-13-2011 BBB- 2,465 2,859,400 Innova S. de R.L., Note (Mexico) 9.375 09-19-2013 B+ 1,635 1,855,725 Rogers Cablesystems Ltd., Sr Note Ser B (Canada) 10.000 03-15-2005 BB+ 4,880 4,904,400 Shaw Communications, Inc., Sr Note (Canada) 8.250 04-11-2010 BB+ 2,260 2,542,500 TCI Communications, Inc., Deb 9.800 02-01-2012 BBB 2,550 3,254,183 XM Satellite Radio, Inc., Sr Sec Disc Note (Zero to 12-31-05 then 14.000%)(O) Zero 12-31-2009 CCC+ 1,895 1,942,743 Sr Sec Note 12.000 06-15-2010 CCC+ 1,473 1,741,823 Casinos & Gaming 0.84% 10,004,510 Harrah's Operating Co., Inc., Sr Note 7.125 06-01-2007 BBB- 2,940 3,112,998 Jacob's Entertainment, Sec Note (B)(S) 11.875 02-01-2009 B 3,235 3,558,500 Mohegan Tribal Gaming Auth., Sr Sub Note 7.125 08-15-2014 B+ 1,050 1,093,312 MTR Gaming Group, Inc., Sr Note Ser B 9.750 04-01-2010 B+ 1,120 1,229,200 Waterford Gaming LLC, Sr Note (S) 8.625 09-15-2012 B+ 940 1,010,500 Commodity Chemicals 0.29% 3,454,432 RPM International, Inc., Sr Note 6.250 12-15-2013 BBB 3,305 3,454,432 Construction & Farm Machinery & Heavy Trucks 0.19% 2,222,000 Case Corp., Note 7.250 08-01-2005 BB- 2,200 2,222,000 Consumer Finance 1.99% 23,587,764 Capital One Financial Corp., Note (L) 7.250 05-01-2006 BBB- 1,940 2,014,855 CIT Group, Inc., Sr Note 5.000 02-13-2014 A 3,360 3,335,610 Ford Motor Credit Co., Floating Rate Note (L)(P) 3.750 11-16-2006 BBB- 6,145 6,156,129 Note 7.375 10-28-2009 BBB- 995 1,043,164 Note 6.875 02-01-2006 BBB- 3,035 3,106,750 General Motors Acceptance Corp., Note 7.250 03-02-2011 BBB- 1,395 1,415,255 Household Finance Corp., Note 6.375 10-15-2011 A 1,785 1,947,383 HSBC Finance Corp., Sr Note 6.750 05-15-2011 A 4,140 4,568,618 Department Stores 0.57% 6,713,901 Penney J.C. Co., Inc., Deb (L) 7.650 08-15-2016 BB+ 5,735 6,713,901 Diversified Banks 1.53% 18,134,345 Bank of New York, Cap Security (S) 7.780 12-01-2026 A- 5,050 5,422,614 Chuo Mitsui Trust & Banking Co., Ltd., Perpetual Sub Note (5.506% to 04-15-15 then variable) (Japan) (S) 5.506 12-29-2049 Baa2 1,750 1,716,344 Citigroup, Inc., Sub Note 6.000 10-31-2033 A+ 4,800 5,050,766 JP Morgan Chase & Co., Sub Bond 5.125 09-15-2014 A 1,715 1,725,894 Rabobank Capital Fund II, Perpetual Bond (5.260% to 12-31-13 then variable) (S) 5.260 12-29-2049 AA 1,180 1,195,900 Wachovia Corp., Sub Note (L) 5.250 08-01-2014 A- 2,970 3,022,827 Diversified Commercial Services 0.55% 6,479,776 Cendant Corp., Note 6.875 08-15-2006 BBB 4,200 4,369,764 Coinmach Corp., Gtd Sr Note 9.000 02-01-2010 CCC+ 250 261,250 Sotheby's Holdings, Inc., Note 6.875 02-01-2009 BB- 1,835 1,848,762 Diversified Financial Services (Other) 2.13% 25,238,927 General Electric Capital Corp., Med Term Note Ser A 6.750 03-15-2032 AAA 2,620 3,086,315 Med Term Note Ser A 2.970 07-26-2006 AAA 2,605 2,581,128 Glencore Funding LLC, Gtd Note (S) 6.000 04-15-2014 BBB 4,860 4,737,076 Royal Bank of Scotland Group Plc, Perpetual Bond (7.648% to 09-30-31 then variable) (United Kingdom) 7.648 08-29-2049 A 5,555 6,887,245 St. George Funding Co., Perpetual Bond (8.485% to 06-30-17 then variable) (Australia) (S) 8.485 12-31-2049 Baa1 4,555 5,046,261 Westpac Capital Trust III, Perpetual Sub Bond (5.819% to 09-30-13 then variable) (S) 5.819 12-29-2049 A2 2,775 2,900,902 Diversified Metals & Mining 0.41% 4,822,523 Freeport-McMoRan Copper & Gold, Inc., Sr Note 10.125 02-01-2010 B 2,000 2,270,000 Vedanta Resources Plc, Sr Note (United Kingdom) (S) 6.625 02-22-2010 BB+ 2,525 2,552,523 Electric Utilities 8.29% 98,240,362 AES Eastern Energy L.P., Pass Thru Ctf Ser 1999-A (L) 9.000 01-02-2017 BB+ 3,510 4,072,483 Beaver Valley Funding Corp., Sec Lease Obligation Bond 9.000 06-01-2017 BB+ 6,799 7,948,575 BVPS II Funding Corp., Collateralized Lease Bond 8.890 06-01-2017 BB- 6,607 7,977,952 DTE Energy Co., Sr Note 6.450 06-01-2006 BBB 2,855 2,941,047 Duke Energy Corp., Note 7.000 10-15-2006 BBB- 1,225 1,275,161 East Coast Power LLC, Sr Sec Note Ser B 7.066 03-31-2012 BBB- 3,062 3,218,255 El Paso Electric Co., 1st Mtg Ser E 9.400 05-01-2011 BBB 5,695 6,228,223 Empresa Electrica Guacolda S.A., Sr Sec Note (Chile) (S) 8.625 04-30-2013 BBB- 2,014 2,247,660 HQI Transelect Chile S.A., Sr Note (Chile) 7.875 04-15-2011 A- 3,235 3,748,285 Indiantown Cogeneration, L.P., 1st Mtg Note Ser A-9 9.260 12-15-2010 BB+ 1,257 1,390,424 IPALCO Enterprises, Inc., Sr Sec Note 8.625 11-14-2011 BB- 3,000 3,525,000 Kansas Gas & Electric Co., Deb 8.290 03-29-2016 BB- 3,655 3,782,581 Midland Funding Corp. II, Lease Oblig Bond Ser A (L) 11.750 07-23-2005 BB- 4,892 5,019,153 Lease Oblig Bond Ser B 13.250 07-23-2006 BB- 3,790 4,112,461 Monterrey Power S.A. de C.V., Sr Sec Bond (Mexico) (S) 9.625 11-15-2009 BBB- 2,445 2,909,889 Pepco Holdings, Inc., Note 3.750 02-15-2006 BBB 3,360 3,358,454 PNPP II Funding Corp., Deb 9.120 05-30-2016 BB+ 4,094 4,753,789 Progress Energy, Inc., Sr Note 6.750 03-01-2006 BBB- 2,770 2,848,236 PSE&G Energy Holdings LLC, Sr Note 7.750 04-16-2007 BB- 2,360 2,483,900 System Energy Resources, Inc., Sec Bond (S) 5.129 01-15-2014 BBB 3,429 3,372,500 Texas-New Mexico Power Co., Sr Note 6.125 06-01-2008 BB+ 3,135 3,202,211 TransAlta Corp., Note (Canada) 5.750 12-15-2013 BBB- 3,295 3,394,489 TXU Australia Holdings, L.P., Sr Note (Australia) 6.750 12-01-2006 A- 1,650 1,720,346 TXU Corp., Note (S) 6.500 11-15-2024 BBB- 3,105 3,175,210 TXU Energy Co. LLC, Floating Rate Note (L)(P) 3.420 01-17-2006 BBB 2,077 2,081,879 Waterford 3 Funding Corp., Sec Lease Obligation Bond 8.090 01-02-2017 BBB- 5,053 5,523,216 Westar Energy, Inc., 1st Mtg Bond 5.950 01-01-2035 BBB- 1,915 1,928,983 Electrical Components & Equipment 0.38% 4,486,376 AMETEK, Inc., Sr Note 7.200 07-15-2008 BBB 4,175 4,486,376 Environmental Services 0.37% 4,403,621 Allied Waste North America, Inc., Gtd Sr Sub Note Ser B 10.000 08-01-2009 B+ 4,179 4,403,621 Food Retail 0.96% 11,426,914 Ahold Finance USA, Inc., Gtd Pass Thru Ctf Ser 2001-A-1 (L) 7.820 01-02-2020 BB 2,343 2,607,134 Gtd Sr Note 6.875 05-01-2029 BB- 2,075 2,137,250 Delhaize America, Inc., Gtd Note 9.000 04-15-2031 BB+ 1,575 2,082,032 Food Lion, Inc., Note 8.730 08-30-2006 BB+ 2,500 2,642,720 Kroger Co. (The), Sr Note 8.150 07-15-2006 BBB 1,855 1,957,778 Foreign Government 0.50% 5,964,158 Colombia, Republic of, Bond (Colombia) 9.750 04-09-2011 BB+ 2,141 2,425,369 Italy, Republic of, Bond (Italy) 4.500 01-21-2015 AA- 3,595 3,538,789 Forest Products 0.45% 5,349,453 Weyerhaeuser Co., Deb 7.125 07-15-2023 BBB 4,665 5,349,453 Gas Utilities 0.51% 6,072,078 Dynegy-Roseton Danskamme, Gtd Pass Thru Ctf Ser B 7.670 11-08-2016 B 2,600 2,444,000 Energy Transfer Partners, Sr Note (G)(S) 5.950 02-01-2015 BBB- 1,560 1,593,790 NorAm Energy Corp., Deb 6.500 02-01-2008 BBB 1,925 2,034,288 Health Care Facilities 0.31% 3,623,908 HCA, Inc., Note 9.000 12-15-2014 BB+ 2,832 3,370,168 Note 6.375 01-15-2015 BB+ 250 253,740 Health Care Services 0.40% 4,746,092 Caremark Rx, Inc., Sr Note 7.375 10-01-2006 BBB- 2,210 2,312,330 Wellpoint Health Network, Note 6.375 01-15-2012 BBB+ 2,233 2,433,762 Highways & Railtracks 0.15% 1,803,425 TFM S.A. de C.V., Gtd Sr Disc Deb (Mexico) 11.750 06-15-2009 B 1,790 1,803,425 Homebuilding 0.23% 2,770,441 Lennar Corp., Sr Note Ser B 9.950 05-01-2010 BBB- 2,615 2,770,441 Hotels, Resorts & Cruise Lines 0.75% 8,872,877 Hyatt Equities LLC, Note (S) 6.875 06-15-2007 BBB 3,130 3,248,114 Meditrust, Med Term Note 7.300 01-16-2006 BB- 1,945 2,001,950 Note 7.000 08-15-2007 BB- 1,500 1,556,250 Starwood Hotels & Resorts Worldwide, Inc., Sr Note 7.375 05-01-2007 BB+ 1,945 2,066,563 Industrial Conglomerates 0.70% 8,245,867 Bombardier, Inc., Note (Canada) (L)(S) 6.750 05-01-2012 BB 1,870 1,729,750 General Electric Co., Note 5.000 02-01-2013 AAA 4,710 4,780,495 Tyco International Group S.A., Note (Luxembourg) 5.800 08-01-2006 BBB 1,695 1,735,622 Industrial Machinery 0.47% 5,512,906 Kennametal, Inc., Sr Note 7.200 06-15-2012 BBB 2,775 3,118,539 Trinity Industries, Inc., Pass Thru Ctf (S) 7.755 02-15-2009 Ba1 2,253 2,394,367 Insurance Brokers 0.19% 2,194,599 Marsh & McLennan Cos., Inc., Note 4.850 02-15-2013 BBB 2,290 2,194,599 Integrated Oil & Gas 0.62% 7,323,126 Amerada Hess Corp., Note 7.125 03-15-2033 BBB- 2,330 2,680,001 Pemex Project Funding Master Trust, Gtd Note (Mexico) 9.125 10-13-2010 BBB- 3,910 4,643,125 Investment Banking & Brokerage 0.78% 9,223,211 Merrill Lynch & Co., Med Term Note Ser C (L) 5.000 01-15-2015 A+ 2,950 2,918,167 Mizuho Financial Group Cayman Ltd., Gtd Note (Cayman Islands) 8.375 12-29-2049 A2 3,500 3,885,700 Morgan Stanley, Sub Note 4.750 04-01-2014 A 2,485 2,419,344 IT Consulting & Other Services 0.29% 3,444,650 NCR Corp., Note 7.125 06-15-2009 BBB- 3,175 3,444,650 Meat, Poultry & Fish 0.21% 2,452,854 American Seafood Group LLC, Gtd Sr Sub Note 10.125 04-15-2010 B- 955 1,040,950 Tyson Foods, Inc., Note 7.250 10-01-2006 BBB 1,345 1,411,904 Metal & Glass Containers 0.27% 3,202,662 BWAY Corp., Gtd Sr Sub Note 10.000 10-15-2010 B- 1,390 1,487,300 Owens-Brockway Glass Container, Inc., Gtd Sr Sec Note (L) 8.750 11-15-2012 BB- 1,535 1,715,362 Multi-Line Insurance 0.88% 10,398,221 Cincinatti Financial Corp., Note (S) 6.125 11-01-2034 A 1,480 1,534,719 Massachusetts Mutual Life Insurance Co., Surplus Note (S) 7.625 11-15-2023 AA 3,985 4,976,763 New York Life Insurance Co., Note (S) 5.875 05-15-2033 AA- 3,685 3,886,739 Multi-Media 1.02% 12,116,832 News America Holdings, Inc., Gtd Sr Deb 8.250 08-10-2018 BBB- 3,000 3,696,915 Time Warner, Inc., Deb 9.125 01-15-2013 BBB+ 6,661 8,419,917 Multi-Utilities & Unregulated Power 1.23% 14,606,500 Duke Capital LLC, Sr Note 8.000 10-01-2019 BBB- 3,160 3,854,988 East Coast Power LLC, Sr Sec Note 6.737 03-31-2008 BBB- 259 267,947 Salton Sea Funding Corp., Sr Sec Note Ser B 7.370 05-30-2005 BB+ 3,418 3,447,481 Sr Sec Note Ser C (L) 7.840 05-30-2010 BB+ 6,597 7,036,084 Office Services & Supplies 0.26% 3,054,576 Office Depot, Inc., Note 6.250 08-15-2013 BBB- 2,905 3,054,576 Oil & Gas Refining & Marketing & Transportation 0.42% 5,036,579 Enterprise Products Operating L.P., Sr Note (S) 6.650 10-15-2034 BB+ 1,525 1,647,979 Sr Note Ser B 6.875 03-01-2033 BB+ 3,055 3,388,600 Oil & Gas Drilling 0.13% 1,565,000 Delek & Avner-Yam Tethys Ltd., Sr Sec Note (Israel) (N)(S) 5.326 08-01-2013 BBB- 1,565 1,565,000 Oil & Gas Equipment & Services 0.13% 1,560,495 Halliburton Co., Floating Rate Note (P)(S) 3.450 01-26-2007 BBB 1,560 1,560,495 Oil & Gas Exploration & Production 0.41% 4,864,730 Occidental Petroleum Corp., Sr Deb 10.125 09-15-2009 BBB+ 1,925 2,326,942 TEPPCO Partners, L.P., Gtd Sr Note 7.625 02-15-2012 BBB 2,215 2,537,788 Packaged Foods & Meats 0.10% 1,146,448 General Foods Corp., Deb 7.000 06-15-2011 A- 1,145 1,146,448 Paper Packaging 0.28% 3,342,288 Stone Container Corp., Sr Note 9.750 02-01-2011 B 1,310 1,426,263 Sr Note 8.375 07-01-2012 B 1,770 1,916,025 Paper Products 0.39% 4,585,425 Donohue Forest Products, Gtd Sr Note (Canada) 7.625 05-15-2007 BB 3,050 3,156,750 MDP Acquisitions Plc, Sr Note (Ireland) 9.625 10-01-2012 B 1,290 1,428,675 Pharmaceuticals 0.32% 3,841,404 Medco Health Solutions, Inc., Sr Note 7.250 08-15-2013 BBB 3,380 3,841,404 Property & Casualty Insurance 0.60% 7,069,045 Markel Corp., Sr Note 7.350 08-15-2034 BBB- 3,160 3,529,609 Ohio Casualty Corp., Note 7.300 06-15-2014 BB 1,700 1,831,512 URC Holdings Corp., Sr Note (S) 7.875 06-30-2006 AA- 1,630 1,707,924 Real Estate Investment Trusts 1.66% 19,673,500 American Health Properties, Inc., Note 7.500 01-15-2007 BBB+ 2,380 2,501,275 Duke Realty Corp., Floating Rate Note (P) 2.781 12-22-2006 BBB+ 3,545 3,544,277 Healthcare Realty Trust, Inc., Sr Note 8.125 05-01-2011 BBB- 2,515 2,913,816 iStar Financial, Inc., Sr Note 7.000 03-15-2008 BBB- 2,110 2,237,250 ProLogis Trust, Note 7.050 07-15-2006 BBB+ 1,745 1,819,239 Spieker Properties, Inc., Note 7.125 12-01-2006 BBB+ 4,880 5,147,609 TriNet Corporate Realty Trust, Inc., Sr Note 7.700 07-15-2017 BB+ 1,325 1,510,034 Real Estate Management & Development 0.19% 2,307,117 Socgen Real Estate Co. LLC, Perpetual Bond Ser A (7.640% to 09-30-07 then variable) (S) 7.640 12-29-2049 A 2,140 2,307,117 Regional Banks 1.14% 13,514,555 Colonial Bank, Sub Note 9.375 06-01-2011 BBB- 1,710 1,993,468 HSBC Bank USA, Inc., Sub Note 5.875 11-01-2034 A+ 1,750 1,808,690 Key Bank NA, Sub Note 5.800 07-01-2014 A- 2,215 2,332,083 NB Capital Trust IV, Gtd Cap Security 8.250 04-15-2027 A- 3,030 3,330,034 NBD Bank N.A., Sub Deb 8.250 11-01-2024 A 650 841,917 Wachovia Capital Trust II, Floating Rate Gtd Cap Security (P) 3.160 01-15-2027 BBB+ 3,365 3,208,363 Reinsurance 0.22% 2,648,821 Berkshire Hathaway, Inc., Sr Note (S) 4.850 01-15-2015 AAA 2,665 2,648,821 Soft Drinks 0.14% 1,707,225 Panamerican Beverages, Inc., Sr Note (Panama) 7.250 07-01-2009 BBB 1,545 1,707,225 Specialized Finance 1.92% 22,725,897 Citibank Credit Card Issuance Trust, Pass Thur Ctf Ser 2003-C3 Class C3 4.450 04-07-2010 BBB 2,920 2,921,805 Doral Financal Corp., Note (Puerto Rico) (P) 3.500 07-20-2007 BBB- 6,100 6,095,840 ESI Tractebel Acquistion Corp., Gtd Sec Bond Ser B 7.990 12-30-2011 BB 2,811 2,977,732 Global Signal Trust, Sub Bond Ser 2004-1A Class D (S) 5.098 01-15-2034 BBB 3,270 3,238,878 Sub Bond Ser 2004-2A Class D (S) 5.093 12-15-2014 Baa2 1,820 1,784,738 Humpuss Funding Corp., Note (S) 7.720 12-15-2009 B2 1,827 1,753,983 MBNA Master Credit Card Trust, Sub Bond Ser 1998-E Class C (S) 6.600 09-15-2010 BBB 3,735 3,952,921 Specialty Chemicals 0.05% 650,475 NOVA Chemicals Ltd, Note (Canada) 7.875 09-15-2025 BB+ 630 650,475 Telecommunication Services 4.40% 52,154,026 Alltel, Corp., Bond 4.656 05-17-2007 A 2,200 2,222,678 AT&T Corp., Med Term Note 8.350 05-15-2025 BB+ 2,870 3,013,500 Sr Note 9.050 11-15-2011 BB+ 2,121 2,457,709 Bellsouth Corp., Bond 5.200 09-15-2014 A 850 862,170 Deutsche Telekom International Finance B.V., Bond (Coupon rate step up/down on rating) (Netherlands) 8.750 06-15-2030 BBB+ 4,785 6,448,835 Intelsat Bermuda Ltd., Floating Rate Sr Note (Bermuda) (L)(P)(S) 7.810 01-15-2012 B+ 1,000 1,027,500 Qwest Capital Funding, Inc., Gtd Note (L) 7.750 08-15-2006 B 3,345 3,428,625 Qwest Corp., Note (S) 9.125 03-15-2012 BB- 3,190 3,692,425 SBC Communications, Inc., Bond 6.450 06-15-2034 A 775 833,199 Note 6.150 09-15-2034 A 830 859,187 Sprint Capital Corp., Note 7.125 01-30-2006 BBB- 7,830 8,055,802 Note 6.875 11-15-2028 BBB- 1,725 1,903,431 Telecom de Puerto Rico, Sr Sub Note (Puerto Rico) 6.650 05-15-2006 BBB+ 4,750 4,883,409 Telefonos de Mexico S.A. de C.V., Sr Note (Mexico) 8.250 01-26-2006 BBB- 6,250 6,502,625 Verizon Florida, Inc., Sr Deb Ser F 6.125 01-15-2013 A+ 3,075 3,244,525 Verizon Pennsylvania, Inc., Note Ser A 5.650 11-15-2011 A+ 2,605 2,718,406 Telecommunications Equipment 0.65% 7,698,777 Corning, Inc., Deb 7.000 03-15-2007 BB+ 1,920 1,922,400 Med Term Note 8.300 04-04-2025 Ba2 4,030 4,211,410 Note 6.300 03-01-2009 BB+ 1,495 1,564,967 Thrifts & Mortgage Finance 9.76% 115,654,387 Ameriquest Mortgage Securities, Inc., Pass Thru Ctf Ser 2003-IA1 Class A-4 4.965 11-25-2033 AAA 4,155 4,193,690 Bank of America Mortgage Securities, Inc, Mtg Pass Thru Ctf Ser 2004-D Class 2A-1 3.649 05-25-2034 AAA 6,215 6,100,249 Bear Stearns Adjustable Rate Mortgage Trust, Mtg Pass Thru Ctf Ser 2003-9 Class 3A2 (P) 5.037 02-25-2034 AAA 3,092 3,105,986 Mtg Pass Thru Ctf Ser 2004-10 Class 12A3 (P) 4.743 01-25-2035 AAA 7,520 7,532,087 Centex Home Equity Loan Trust, Asset Backed Ctf Ser 2004-A Class AF-4 4.510 08-25-2032 AAA 4,550 4,569,257 Citigroup Mortgage Loan Trust, Inc., Mtg Pass Thru Ctf Ser 2004-UST1 Class A4 4.391 08-25-2034 AAA 3,395 3,374,718 ContiMortgage Home Equity Loan Trust, Pass Thru Ctf Ser 1995-2 Class A-5 8.100 08-15-2025 AAA 971 1,023,750 Countrywide Alternative Loan Trust, Asset Backed Pass Thru Ctf Ser 2004-24CB Class 1A1 6.000 11-25-2034 AAA 5,931 6,046,194 Credit-Based Asset Servicing and Securitization LLC, Mtg Asset Backed Ctf Ser 2004-CB4 Class A3 4.632 05-25-2035 AAA 2,670 2,688,955 Greenwich Capital Commercial Funding Corp., Commercial Mtg Pass Thru Ctf Ser 2003-C1 Class A-4 4.111 07-05-2035 AAA 2,865 2,742,621 Commercial Mtg Pass Thru Ctf Ser 2003-C2 Class A-2 4.022 01-05-2036 AAA 3,495 3,447,958 GSR Mortgage Loan Trust, Commercial Mtg Pass Thru Ctf Ser 2004-7 Class 2A-1 4.191 06-25-2034 AAA 5,553 5,526,232 Indymac Index Mortgage Loan Trust, Asset Backed Ctf Ser 2004-AR13 Class B1 5.296 01-25-2035 AA 2,183 2,197,811 Impac Secured Assets Corp., Mtg Pass Thru Ctf Ser 2004-1 Class A3 3.710 03-25-2034 AAA 3,675 3,648,709 JP Morgan Mortgage Trust, Mtg Pass Thru Ctf Ser 2004-A2 Class 2A2 4.070 05-25-2034 AAA 5,136 5,041,278 LB-UBS Commercial Mortgage Trust, Commercial Mtg Pass Thru Ctf Ser 2003-C3 Class A4 4.166 05-15-2032 AAA 3,995 3,829,105 MLCC Mortgage Investors, Inc., Asset Backed Ctf Ser 2004-1 Class 2A1 4.773 12-25-2034 Aaa 3,989 3,998,471 Renaissance Home Equity Loan Trust, Asset Backed Ctf Ser 2004-4 Class AF2 3.856 02-25-2035 AAA 5,855 5,845,852 Residential Asset Mortgage Products, Inc., Mtg Pass Thru Ctf Ser 2004-RS7 Class AI-2 4.000 09-25-2025 AAA 4,605 4,596,851 Pass Thru Ctf Ser 2003-RS10 Class AI-5 4.910 01-25-2031 AAA 4,595 4,623,602 Residential Asset Securities Corp., Asset Backed Pass Thru Ctf Ser 2004-A-KS5 Class A2 (P) 2.870 09-25-2033 AAA 5,965 5,964,992 Specialty Underwriting & Residential Finance Trust, Mtg Ln Asset Backed Ctf Ser 2003-BC4 Class A3B 4.788 11-25-2034 AAA 5,720 5,753,441 Washington Mutual, Inc., Mtg Pass Thru Ctf Ser 2004-AR14 Class A1 4.283 01-25-2035 AAA 6,806 6,703,831 Floating Rate Note (P) 2.960 01-15-2010 A- 3,355 3,349,853 Wells Fargo Mortgage Backed Securities Trust, Mtg Pass Thru Ctf Ser 2004-Z Class 2A1 4.600 12-25-2034 AAA 3,933 3,935,260 Mtg Pass Thru Ctf Ser 2005-AR2 Class 3A1 4.968 03-25-2035 Aaa 5,820 5,813,634 Tobacco 0.60% 7,078,084 Commonwealth Brands, Inc., Sr Sec Sub Note (G)(S) 10.625 09-01-2008 B 1,355 1,443,075 Phillip Morris Co., Inc., Note 6.950 06-01-2006 BBB 5,445 5,635,009 Trucking 0.44% 5,254,518 ERAC USA Finance Co., Note (S) 7.950 12-15-2009 BBB+ 1,985 2,265,280 Hertz Corp., Note 4.700 10-02-2006 BBB- 2,995 2,989,238 Utilities Other 0.49% 5,789,461 Magellan Midstream Partners, L.P., Note 6.450 06-01-2014 BBB 2,800 2,994,849 NiSource Finance Corp., Gtd Note 3.200 11-01-2006 BBB 2,845 2,794,612 Wireless Telecommunication Services 0.67% 7,938,831 AT&T Wireless Services, Inc., Sr Note 8.125 05-01-2012 A 1,700 2,025,450 Mobile Telesystems Finance S.A., Gtd Sr Note (Luxembourg) (S) 8.375 10-14-2010 BB- 1,180 1,241,950 Nextel Communications, Inc., Sr Note 5.950 03-15-2014 BB 3,000 3,116,250 Rogers Wireless, Inc., Sr Sub Note (Canada) 8.000 12-15-2012 B+ 1,435 1,555,181 Credit Issuer, description rating (A) Shares Value - --------------------------------------------------------------------------------------------------------------------------------- Preferred stocks 0.50% $5,895,775 (Cost $5,949,125) Agricultural Products 0.21% 2,508,625 Ocean Spray Cranberries, Inc., 6.25%, Ser A (S) BB+ 30,500 2,508,625 Electric Utilities 0.29% 3,387,150 TNP Enterprises, Inc., 14.50%, Ser D B+ 2,895 3,387,150 Interest Maturity Credit Par value Issuer, description rate (%) date rating (A) ($000) Value - --------------------------------------------------------------------------------------------------------------------------------- U.S. government and agencies securities 40.02% $474,383,869 (Cost $469,188,393) Government U.S. 6.66% 78,989,713 United States Treasury, Bond (L) 6.250 08-15-2023 AAA 9,940 11,713,674 Bond (L) 5.375 02-15-2031 AAA 54,880 60,342,261 Inflation Indexed Note (L) 2.000 07-15-2014 AAA 6,739 6,933,778 Government U.S. Agency 33.36% 395,394,156 Federal Home Loan Bank, Bond 3.900 02-25-2008 AAA 3,070 3,060,581 Bond (N) 3.750 03-07-2007 AAA 4,695 4,683,873 Bond 3.730 01-04-2008 AAA 4,250 4,209,498 Federal Home Loan Mortgage Corp., 15 Yr Pass Thru Ctf 4.500 05-01-2019 AAA 5,616 5,553,408 15 Yr Pass Thru Ctf 4.500 08-01-2019 AAA 4,011 3,966,541 15 Yr Pass Thru Ctf 4.500 11-01-2019 AAA 3,143 3,107,692 20 Yr Pass Thru Ctf 11.250 01-01-2016 AAA 108 117,482 30 Yr Pass Thru Ctf 6.500 12-01-2034 AAA 3,759 3,921,757 30 Yr Pass Thru Ctf 6.000 08-01-2034 AAA 19,418 19,955,258 30 Yr Pass Thru Ctf 6.000 09-01-2034 AAA 3,369 3,462,637 30 Yr Pass Thru Ctf 5.000 08-01-2033 AAA 11,650 11,528,096 CMO REMIC 2640-WA 3.500 03-15-2033 AAA 2,160 2,109,796 CMO REMIC 2754-PC 5.000 12-15-2028 AAA 9,815 9,835,395 CMO REMIC 2836-QD 5.000 09-15-2027 AAA 6,360 6,397,663 Federal National Mortgage Assn., 15 Yr Pass Thru Ctf 9.000 06-01-2010 AAA 1,344 1,487,581 15 Yr Pass Thru Ctf 7.500 02-01-2008 AAA 124 128,637 15 Yr Pass Thru Ctf 7.000 09-01-2010 AAA 252 266,666 15 Yr Pass Thru Ctf 7.000 04-01-2017 AAA 950 1,004,196 15 Yr Pass Thru Ctf 7.000 06-01-2017 AAA 241 254,897 15 Yr Pass Thru Ctf 5.000 01-01-2018 AAA 10,983 11,069,154 15 Yr Pass Thru Ctf 5.000 05-01-2018 AAA 21,154 21,327,151 15 Yr Pass Thru Ctf 5.000 06-01-2018 AAA 3,462 3,491,252 15 Yr Pass Thru Ctf 5.000 08-01-2019 AAA 12,190 12,286,082 15 Yr Pass Thru Ctf 5.000 09-01-2019 AAA 258 260,910 15 Yr Pass Thru Ctf 5.000 10-01-2019 AAA 28,772 28,998,448 15 Yr Pass Thru Ctf 5.000 11-01-2019 AAA 9,597 9,671,908 15 Yr Pass Thru Ctf 4.500 05-01-2018 AAA 10,830 10,719,103 15 Yr Pass Thru Ctf 4.500 10-01-2018 AAA 22,027 21,802,096 15 Yr Pass Thru Ctf 4.500 10-01-2019 AAA 5,750 5,680,490 30 Yr Pass Thru Ctf (M) 6.500 03-15-2034 AAA 2,030 2,113,737 30 Yr Pass Thru Ctf 6.500 09-01-2034 AAA 3,457 3,602,963 30 Yr Pass Thru Ctf 6.500 11-01-2034 AAA 3,767 3,929,489 30 Yr Pass Thru Ctf 6.500 01-01-2035 AAA 7,899 8,239,326 30 Yr Pass Thru Ctf 6.000 08-01-2034 AAA 7,382 7,585,135 30 Yr Pass Thru Ctf 5.500 04-01-2033 AAA 15,734 15,946,347 30 Yr Pass Thru Ctf 5.500 05-01-2034 AAA 6,070 6,127,626 30 Yr Pass Thru Ctf 5.500 09-01-2034 AAA 17,251 17,428,235 30 Yr Pass Thru Ctf 5.500 11-01-2034 AAA 6,889 6,953,609 30 Yr Pass Thru Ctf 5.000 04-01-2034 AAA 11,917 11,758,134 Bond (L) 3.875 02-01-2008 AAA 11,775 11,692,257 CMO REMIC 2002-82-QL 5.000 05-25-2027 AAA 4,523 4,548,349 CMO REMIC 2003-17-QT 5.000 08-25-2027 AAA 13,365 13,420,842 CMO REMIC 2003-33-AC 4.250 03-25-2033 AAA 1,821 1,804,817 CMO REMIC 2003-49-JE 3.000 04-25-2033 AAA 4,912 4,699,512 CMO REMIC 2003-58-AD 3.250 07-25-2033 AAA 5,488 5,329,737 CMO REMIC 2003-63-PE 3.500 07-25-2033 AAA 3,742 3,637,659 Note (N) 4.000 03-10-2008 AAA 5,870 5,864,758 Financing Corp., Bond 10.350 08-03-2018 AAA 6,045 9,234,892 Bond 9.400 02-08-2018 AAA 20,585 29,337,866 Government National Mortgage Assn., 30 Yr Pass Thru Ctf 10.500 01-15-2016 AAA 26 29,807 30 Yr Pass Thru Ctf 10.000 06-15-2020 AAA 51 58,321 30 Yr Pass Thru Ctf 10.000 11-15-2020 AAA 17 20,101 30 Yr Pass Thru Ctf 10.000 03-15-2025 AAA 12 13,692 30 Yr Pass Thru Ctf 9.500 11-15-2019 AAA 8 9,323 30 Yr Pass Thru Ctf 9.500 03-15-2020 AAA 38 43,690 30 Yr Pass Thru Ctf 9.500 06-15-2020 AAA 12 14,368 30 Yr Pass Thru Ctf 9.500 12-15-2020 AAA 61 69,598 30 Yr Pass Thru Ctf 9.500 01-15-2021 AAA 61 69,701 30 Yr Pass Thru Ctf 9.500 05-15-2021 AAA 23 26,381 30 Yr Pass Thru Ctf 6.000 12-20-2033 AAA 6,350 6,552,900 30 Yr Pass Thru Ctf 5.500 10-15-2033 AAA 2,118 2,156,692 30 Yr Pass Thru Ctf 5.000 11-15-2033 AAA 1,331 1,327,544 CMO REMIC 2003-42-XA 3.750 05-16-2033 AAA 1,418 1,388,500 Interest Par value Issuer, description, maturity date rate (%) ($000) Value - --------------------------------------------------------------------------------------------------------------------------------- Short-term investments 0.36% $4,325,000 (Cost $4,325,000) Joint Repurchase Agreement 0.36% 4,325,000 Investment in a joint repurchase agreement transaction with UBS Warburg, Inc. - Dated 2-28-05, due 3-1-05 (secured by U.S. Treasury Inflation Indexed Bond 2.375%, due 1-15-25 and U.S. Treasury Inflation Indexed Notes 2.000% thru 3.500%, due 1-15-11 thru 7-15-14) 2.620 4,325 4,325,000 Total investments 100.00% $1,185,388,467
John Hancock Bond Fund Financial futures contracts February 28, 2005 (unaudited) Number of Appreciation Open contracts contracts Position Expiration (depreciation) - ---------------------------------------------------------------------------------------------------------- U.S. 5-Year Treasury Note 600 Short Mar 2005 $124,381 U.S. 10-Year Treasury Note 200 Short June 2005 $661,425
John Hancock Bond Fund Footnotes to Schedule of Investments February 28, 2005 (unaudited) (A) Credit ratings are unaudited and are rated by Moody's Investors Service where Standard & Poor's ratings are not available unless indicated otherwise. (B) This security is fair valued in good faith under procedures established by the Board of Trustees. (G) Security rated internally by John Hancock Advisers, LLC. (H) Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default of interest payment. (L) All or a portion of this security is on loan as of February 28, 2005. (M) This security having an aggregate value of $2,113,737, or 0.18% of the Fund's total investments, has been purchased as a forward commitment--that is, the Fund has agreed on trade date to take delivery of and to make payment for these securities on a delayed basis subsequent to the date of this schedule. The purchase price and interest rate of these securities are fixed at trade date, although the Fund does not earn any interest on these until settlement date. The fund has segregated assets with a current value at least equal to the amount of the forward commitments. Accordingly, the market value of $2,130,683 of Financing Corp., 9.400%, 2-8-18 has been segregated to cover the forward commitment. (N) These securities having an aggregate value of $12,113,631 or 1.02% of the Fund's total investments, have been purchased on a when-issued basis. The purchase price and the interest rate of such securities are fixed at trade date, although the Fund does not earn any interest on such securities until settlement date. The Fund has instructed its custodian bank to segregate assets with a current value at least equal to the amount of its when issued commitments. Accordingly, the market value of $12,221,141 of Financing Corp., 9.400%, 2-8-18 has been segregated to cover the when-issued commitments. (O) Cash interest will be paid on this obligation at the stated rate beginning on the stated date. (P) Represents rate in effect on February 28, 2005. (S) These securities are exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $98,348,839 or 8.30% of the Fund's total investments as of February 28, 2005. Parenthetical disclosure of a foreign country in the security description represents country of a foreign issuer; however, security is U.S. dollar-denominated. The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund. The cost of investments owned on February 28, 2005, including short-term investments, was $1,169,508,293. Gross unrealized appreciation and depreciation of investments aggregated $32,269,229 and $16,389,055, respectively, resulting in net unrealized appreciation of $15,880,174. For more information Trustees Charles L. Ladner, Chairman* James F. Carlin Richard P. Chapman, Jr.* William H. Cunningham Ronald R. Dion Dr. John A. Moore* Patti McGill Peterson* Steven R. Pruchansky James A. Shepherdson Lt. Gen. Norman H. Smith, USMC (Ret.) *Members of the Audit Committee Officers James A. Shepherdson President and Chief Executive Officer Susan S. Newton Senior Vice President and Secretary William H. King Vice President and Treasurer Investment Adviser John Hancock Advisers, LLC 101 Huntington Avenue Boston, Massachusetts 02199-7603 Principal Distributor John Hancock Funds, LLC 101 Huntington Avenue Boston, Massachusetts 02199-7603 Custodian The Bank of New York One Wall Street New York, New York 10286 Transfer Agent John Hancock Signature Services, Inc. 1 John Hancock Way, Suite 1000 Boston, Massachusetts 02217-1000 Legal Counsel Wilmer Cutler Pickering Hale and Dorr LLP 60 State Street Boston, Massachusetts 02109-1803
How to contact us Internet www.jhfunds.com Mail Regular mail: Express mail: John Hancock Signature Services, Inc. John Hancock Signature Services, Inc. 1 John Hancock Way, Suite 1000 Attn: Mutual Fund Image Operations Boston, MA 02217-1000 529 Main Street Charlestown, MA 02129 Phone Customer service representatives 1-800-225-5291 24-hour automated information 1-800-338-8080 TDD line 1-800-554-6713
This report is for the information of the shareholders of John Hancock Bond Fund. 210Q3 2/05 4/05 ITEM 2. CONTROLS AND PROCEDURES. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (e) 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. Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached. 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. John Hancock Sovereign Bond Fund By: ------------------------------ James A. Shepherdson President and Chief Executive Officer Date: April 27, 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: ------------------------------ James A. Shepherdson President and Chief Executive Officer Date: April 27, 2005 By: ------------------------------ William H. King Vice President and Treasurer Date: April 27, 2005 EX-99.CERT 2 exnn2.txt CERTIFICATION CERTIFICATION I, James A. Shepherdson, certify that: 1. I have reviewed this report on Form N-Q of John Hancock Sovereign Bond Fund (the "registrant"); 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 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 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: April 27, 2005 - --------------------------------- James A. Shepherdson President and Chief Executive Officer CERTIFICATION I, William H. King, certify that: 1. I have reviewed this report on Form N-Q of John Hancock Sovereign Bond Fund (the "registrant"); 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 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 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: April 27, 2005 - --------------------------------- William H. King Vice President and Treasurer -----END PRIVACY-ENHANCED MESSAGE-----