N-Q 1 d18194.txt IXIS ADVISOR FUNDS TRUST II 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: 811-242 IXIS Advisor Funds Trust II ------------------------------------------------------------------------------- (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. IXIS Asset Management 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: December 31 Date of reporting period: September 30, 2005 ITEM I SCHEDULE OF INVESTMENTS ------------------------------------------------------------------------------- HARRIS ASSOCIATES LARGE CAP VALUE FUND -- SCEDULE OF INVESTMENTS ------------------------------------------------------------------------------- Investments as of September 30, 2005 (Unaudited)
Shares Description Value(+)(c) ---------------------------------------------------------------- Common Stocks -- 98.4% of Total Net Assets Aerospace & Defense -- 2.6% 200,200 Raytheon Co. $ 7,611,604 ---------------- Banks -- 0.9% 92,800 U.S. Bancorp 2,605,824 ---------------- Beverages -- 3.0% 35,800 Coca-Cola Co. (The) 1,546,202 122,000 Diageo PLC, Sponsored ADR 7,077,220 ---------------- 8,623,422 ---------------- Building Materials -- 2.8% 262,400 Masco Corp. 8,050,432 ---------------- Computers -- 6.5% 489,200 Hewlett-Packard Co. 14,284,640 1,139,200 Sun Microsystems, Inc.(a) 4,465,664 ---------------- 18,750,304 ---------------- Diversified Financial Services -- 14.9% 175,100 American Express Co. 10,057,744 195,800 Citigroup, Inc. 8,912,816 350,700 JPMorgan Chase & Co. 11,899,251 230,200 Morgan Stanley 12,416,988 ---------------- 43,286,799 ---------------- Food -- 1.0% 38,000 Nestle SA, Sponsored ADR 2,785,400 ---------------- Health Care - Products -- 4.3% 213,000 Baxter International, Inc. 8,492,310 63,600 Johnson & Johnson 4,024,608 ---------------- 12,516,918 ---------------- Household Products & Wares -- 2.2% 80,500 Fortune Brands, Inc. 6,547,065 ---------------- Insurance -- 2.0% 69,500 Aflac, Inc. 3,148,350 39,800 MGIC Investment Corp. 2,555,160 ---------------- 5,703,510 ---------------- Leisure Time -- 6.2% 213,900 Carnival Corp. 10,690,722 149,200 Harley-Davidson, Inc. 7,227,248 ---------------- 17,917,970 ---------------- Media -- 15.6% 96,600 Comcast Corp., Special Class A(a) 2,780,148 295,500 DIRECTV Group (The), Inc.(a) 4,426,590 1,088,700 Liberty Media Corp., Class A(a) 8,764,035 707,300 Time Warner, Inc. 12,809,203 250,000 Viacom, Inc., Class B 8,252,500 343,300 Walt Disney Co. (The) 8,283,829 ---------------- 45,316,305 ---------------- Miscellaneous - Manufacturing -- 5.5% 112,600 Honeywell International, Inc. 4,222,500 Shares Description Value(+)(c) ---------------------------------------------------------------- Miscellaneous - Manufacturing - continued 418,400 Tyco International, Ltd. $ 11,652,440 ---------------- 15,874,940 ---------------- Office & Business Equipment -- 2.6% 552,200 Xerox Corp.(a) 7,537,530 ---------------- Pharmaceuticals -- 0.9% 59,300 Abbott Laboratories 2,514,320 ---------------- Restaurants -- 4.7% 412,200 McDonald's Corp. 13,804,578 ---------------- Retail -- 10.6% 78,400 Costco Wholesale Corp. 3,378,256 379,600 Gap (The), Inc. 6,616,428 239,800 Home Depot, Inc. 9,145,972 102,300 Kohl's Corp.(a) 5,133,414 71,800 Limited Brands, Inc. 1,466,874 113,900 Wal-Mart Stores, Inc. 4,991,098 ---------------- 30,732,042 ---------------- Savings & Loans -- 3.4% 254,200 Washington Mutual, Inc. 9,969,724 ---------------- Semiconductors -- 6.3% 414,100 Intel Corp. 10,207,565 242,300 Texas Instruments, Inc. 8,213,970 ---------------- 18,421,535 ---------------- Transportation -- 2.4% 97,600 Union Pacific Corp. 6,997,920 ---------------- Total Common Stocks (Identified Cost $247,543,288) 285,568,142 ---------------- Principal Amount ---------------------------------------------------------------- Short-Term Investment -- 2.0% $ 5,697,246 Tri-Party Repurchase Agreement with Fixed Income Clearing Corporation, dated 09/30/2005 at 1.75% to be repurchased at $5,698,076 on 10/03/2005, collateralized by $5,830,000 U.S Treasury Note, 4.00%, due 09/30/2007 valued at $5,815,425 (d) (Identified Cost $5,697,246) 5,697,246 ---------------- Total Investments -- 100.4% (Identified Cost $253,240,534) (b) 291,265,388 Other assets less liabilities -- (0.4%) (1,212,217) ---------------- Total Net Assets -- 100% $ 290,053,171 ================
------------------------------------------------------------------------------- HARRIS ASSOCIATES LARGE CAP VALUE FUND -- SCHEDULE OF INVESTMENTS (continued) ------------------------------------------------------------------------------- Investments as of September 30, 2005 (Unaudited) (+) Equity securities for which market quotations are readily available are valued at market price on the basis of valuations furnished to the Fund by a pricing service which has been authorized by the Board of Trustees. The pricing service provides the last reported sale price for securities listed on an applicable securities exchange or, if no sale was reported and in the case of over-the-counter securities not so listed, the last reported bid price. Securities traded on the NASDAQ National Market are valued at the NASDAQ Official Closing Price ("NOCP"), or if lacking an NOCP, at the most recent bid quotation on the NASDAQ National Market. Debt securities for which market quotations are readily available (other than short-term obligations with a remaining maturity of less than sixty days) are generally valued at market price on the basis of valuations furnished by a pricing service authorized by the Board of Trustees, which service determines valuations for normal, institutional-size trading units of such securities using market information, transactions for comparable securities and various relationships between securities which are generally recognized by institutional traders. Short-term obligations with a remaining maturity of less than sixty days are stated at amortized cost, which approximates market value. All other securities and assets are valued at their fair value as determined in good faith by the Fund's investment adviser and subadviser, pursuant to the procedures approved by the Board of Trustees. Security transactions are accounted for on trade date. (a) Non-income producing security. (b) Federal Tax Information (Amounts exclude certain adjustments made at the end of the Fund's fiscal year for tax purposes. Such adjustments are primarily due to wash sales): At September 30, 2005, the net unrealized appreciation on investments based on cost of $253,240,534 for federal income tax purposes was as follows: Aggregate gross unrealized appreciation for all investments in which there is an excess of value over tax cost. $ 43,014,041 Aggregate gross unrealized depreciation for all investments in which there is an excess of tax cost over value. (4,989,187) ------------- Net unrealized appreciation $ 38,024,854 =============
At December 31, 2004, the Fund had a capital loss carryover of approximately $134,352,059 of which $16,433,943 expires on December 31, 2008, $83,318,807 expires on December 31, 2009, $24,633,843 expires on December 31, 2010 and $9,965,466 expires on December 31, 2011. These amounts may be available to offset future realized capital gains, if any, to the extent provided by regulations. Pursuant to IRS Regulations, for the year ended December 31, 2004, the Fund has elected to defer $159,806 of capital losses attributable to Post-October losses. (c) The books and records of the fund are maintained in U.S. dollars. The value of securities, currencies and other assets and liabilities denominated in currencies other than U.S. dollars are translated into U.S dollars based upon foreign exchange rates prevailing at the end of the period. (d) The Fund, through its custodian, receives delivery of the underlying securities collateralizing repurchase agreements. It is the Fund's policy that the market value of the collateral be at least equal to 102% of the repurchase price, including interest. The Fund's investment adviser is responsible for determining that the value of the collateral is at all times at least equal to 102% of the repurchase price, including interest. The repurchase agreements are tri-party arrangements whereby the collateral is held at the custodian bank in a segregated account for the benefit of the Fund and the counterparty. Repurchase agreements could involve certain risks in the event of default or insolvency of the counterparty including possible delays or restrictions upon the Fund's ability to dispose of the underlying securities. ADR An American Depositary Receipt (ADR) is a certificate issued by a U.S. bank representing the right to receive securities of the foreign issuer described. The values of ADRs are significantly influenced by trading on exchanges not located in the United States. 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 as required by Rule 30a-2(a) of the Investment Company Act of 1940, as amended (the "Act") filed herewith. (a)(2) Certification for the principal financial officer as required by Rule 30a-2(a) of the Investment Company Act of 1940, as amended (the "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. IXIS Advisor Funds Trust II By: /s/ John T. Hailer ------------------ Name: John T. Hailer Title: President and Chief Executive Officer Date: November 28, 2005 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/ John T. Hailer ------------------ Name: John T. Hailer Title: President and Chief Executive Officer Date: November 28, 2005 By: /s/ Michael C. Kardok --------------------- Name: Michael C. Kardok Title: Treasurer Date: November 28, 2005