-----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, P6olpGV7BJXEwtL/L+xikqvmxle9N/44OdrAklk6AB0V7XsZsslyz8GssNMXc1UX W3AYDTf86fzKDwDDSD12/w== 0001193125-06-120849.txt : 20060530 0001193125-06-120849.hdr.sgml : 20060529 20060530113752 ACCESSION NUMBER: 0001193125-06-120849 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060331 FILED AS OF DATE: 20060530 DATE AS OF CHANGE: 20060530 EFFECTIVENESS DATE: 20060530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MANAGED ASSETS TRUST CENTRAL INDEX KEY: 0000706453 IRS NUMBER: 046480345 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-03568 FILM NUMBER: 06872615 BUSINESS ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 212-291-2556 MAIL ADDRESS: STREET 1: CITIGROUP ASSET MANAGEMENT STREET 2: 125 BROAD STREET, 10TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10004 0000706453 S000011131 Managed Assets Trust C000030781 Managed Assets Trust N-Q 1 dnq.txt MANAGED ASSETS TRUST FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-3568 ----------------- MANAGED ASSETS TRUST - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) One Cityplace, Hartford, Connecticut, 06103 - -------------------------------------------------------------------------------- (Address of principal executive offices)(Zip code) (Name and Address of Agent for Service) Copy to: ------------------------------ ------------------------------------- Elizabeth M. Forget Robert N. Hickey, Esq. ------------------- Sullivan & Worcester LLP President 1666 K Street, N.W. 260 Madison Avenue, 10th Floor Washington, D.C. 20006 New York, NY 10006 Registrant's telephone number, including area code: (800) 842-9406 Date of fiscal year end: December 31 Date of reporting period: March 31, 2006 ITEM 1. SCHEDULE OF INVESTMENTS. MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) March 31, 2006 (Percentage of Net Assets)
PAR SECURITY DESCRIPTION AMOUNT VALUE - -------------------------------------------------------------------------------------------- DOMESTIC BONDS & DEBT SECURITIES -- 17.3% AEROSPACE & DEFENSE -- 0.4% Lockheed Martin Corp. 8.500%, due 12/01/29 (a) $ 400,000 $ 520,854 Northrop Grumman Corp. 4.079%, due 11/16/06 500,000 496,502 7.125%, due 02/15/11 100,000 106,595 ---------- 1,123,951 ---------- ASSET-BACKED SECURITIES -- 1.6% Chase Funding Mortgage Loan Asset-Backed Certificates, Series 2002-2, Class 1 A5 5.833%, due 04/25/32 500,000 501,040 PP&L Transition Bond LLC, Series 1999-1, Class A7 7.050%, due 06/25/09 3,983,458 4,037,054 ---------- 4,538,094 ---------- AUTO MANUFACTURERS -- 0.2% DaimlerChrysler North America Holding Corp. 7.300%, due 01/15/12 (b) 600,000 634,751 ---------- BANKS -- 1.3% ABN AMRO Bank NV 4.800%, due 05/11/07 (a) 700,000 700,699 Bank of America Corp. 5.375%, due 06/15/14 500,000 494,137 HSBC Bank USA 5.875%, due 11/01/34 300,000 290,316 Huntington National Bank 4.650%, due 06/30/09 300,000 293,899 Rabobank Capital Fund Trust III 5.254%, due 12/31/16 (144A) (c) 200,000 189,398 RBS Capital Trust I 4.709%, due 12/29/49 300,000 278,217 Royal Bank of Scotland Group Plc 5.050%, due 01/08/15 300,000 288,599 U.S. Bank North America 4.950%, due 10/30/14 200,000 191,556 Wachovia Bank North America 4.800%, due 11/01/14 200,000 188,371 5.070%, due 11/03/14 (a) 700,000 706,498 ---------- 3,621,690 ---------- BEVERAGES -- 0.3% Bottling Group LLC 4.625%, due 11/15/12 300,000 286,217 PepsiAmericas, Inc. 4.875%, due 01/15/15 600,000 571,024 ---------- 857,241 ---------- COLLATERALIZED MORTGAGE OBLIGATIONS -- 2.0% Banc of America Commercial Mortgage, Inc., Series 2004-6, Class AJ 4.870%, due 12/10/42 1,150,000 1,087,925 Commercial Mortgage Pass Through Certificates 5.167%, due 06/10/44 1,400,000 1,355,609 JP Morgan Chase Commercial Mortgage Securities Corp. Series 2004-C3, Class AJ 4.922%, due 01/15/42 2,000,000 1,896,662 Series 2005-CB12 4.948%, due 09/12/37 950,000 903,313 Series 2005-LDP4, Class AM 4.999%, due 10/15/42 430,000 410,424 ---------- 5,653,933 ---------- ELECTRIC UTILITIES -- 1.1% Dominion Resources, Inc., Series F 5.250%, due 08/01/33 300,000 285,586 PSEG Energy Holdings LLC 8.500%, due 06/15/11 2,000,000 2,165,000 SP PowerAssets, Ltd. 5.000%, due 10/22/13 (144A) (c) 700,000 674,330 ---------- 3,124,916 ---------- FINANCIAL - DIVERSIFIED -- 3.5% AIG SunAmerica Global Financing VII 5.850%, due 08/01/08 (144A) (c) 400,000 404,516 American General Finance Corp. 3.875%, due 10/01/09 800,000 762,067 Capital One Bank 5.000%, due 06/15/09 520,000 514,206 Capital One Financial Corp. 5.500%, due 06/01/15 300,000 291,682 Caterpillar Financial Services 4.700%, due 03/15/12 700,000 672,684 Countrywide Financial Corp., Series A 4.500%, due 06/15/10 500,000 479,414
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
PAR SECURITY DESCRIPTION AMOUNT VALUE - ------------------------------------------------------------------------------------------ FINANCIAL - DIVERSIFIED - CONTINUED Countrywide Home Loans, Inc., Series L 4.000%, due 03/22/11 $ 580,000 $ 539,444 Credit Suisse First Boston USA, Inc. 3.875%, due 01/15/09 500,000 481,549 6.125%, due 11/15/11 300,000 308,524 Ford Motor Credit Co. 6.500%, due 01/25/07 (b) 400,000 398,546 5.700%, due 01/15/10 (b) 100,000 88,815 Glencore Funding LLC 6.000%, due 04/15/14 (144A) (c) 300,000 286,045 Goldman Sachs Capital I, Capital Securities 6.345%, due 02/15/34 (b) 400,000 397,951 HSBC Finance Corp. 6.375%, due 10/15/11 1,100,000 1,142,695 JP Morgan Chase & Co. 5.250%, due 05/01/15 (b) 400,000 386,933 Lehman Brothers Holdings, Inc., Series G 4.800%, due 03/13/14 500,000 474,785 Merrill Lynch & Co., Inc., Series C 4.125%, due 09/10/09 300,000 288,393 4.250%, due 02/08/10 300,000 288,306 5.000%, due 01/15/15 (b) 300,000 286,724 Morgan Stanley 5.050%, due 01/21/11 600,000 588,778 Principal Life Global Funding I 6.125%, due 10/15/33 (144A) (c) 600,000 610,437 ---------- 9,692,494 ---------- HEALTH CARE PROVIDERS & SERVICES -- 0.1% WellPoint, Inc. 6.800%, due 08/01/12 300,000 319,144 ---------- INDUSTRIAL - DIVERSIFIED -- 0.4% General Electric Co. 5.000%, due 02/01/13 1,100,000 1,071,496 ---------- INSURANCE -- 0.3% Berkshire Hathaway Finance Corp. 4.810%, due 05/16/08 200,000 200,171 4.750%, due 05/15/12 400,000 386,446 GE Global Insurance Holding Corp. 7.000%, due 02/15/26 100,000 109,765 ---------- 696,382 ---------- MEDIA -- 2.1% Comcast Cable Communications, Inc. 8.875%, due 05/01/17 2,000,000 2,379,964 COX Communications, Inc. 7.125%, due 10/01/12 700,000 735,295 Liberty Media Corp. 6.410%, due 09/17/06 (a) 352,000 353,880 Time Warner Cos, Inc. 7.625%, due 04/15/31 (b) 2,000,000 2,185,042 ---------- 5,654,181 ---------- OIL & GAS -- 0.8% Anadarko Finance Co., Series B 6.750%, due 05/01/11 300,000 316,442 Consolidated Natural Gas Co., Series A 5.000%, due 12/01/14 200,000 187,829 Cooper Cameron Corp. 2.650%, due 04/15/07 200,000 193,450 Devon Financing Corp. ULC 7.875%, due 09/30/31 (b) 400,000 484,378 Duke Capital LLC 4.331%, due 11/16/06 300,000 298,351 Kinder Morgan Energy Partners LP 5.125%, due 11/15/14 200,000 189,833 Phelps Dodge Corp. 8.750%, due 06/01/11 300,000 339,389 Southern California Gas Co., Series II 4.375%, due 01/15/11 300,000 287,046 ---------- 2,296,718 ---------- PAPER & FOREST PRODUCTS -- 0.1% International Paper Co. 5.300%, due 04/01/15 200,000 187,801 ---------- PHARMACEUTICALS -- 0.2% Wyeth 6.500%, due 02/01/34 500,000 524,154 ----------
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
PAR SECURITY DESCRIPTION AMOUNT VALUE - ----------------------------------------------------------------------------------------------- REAL ESTATE -- 1.4% AvalonBay Communities, Inc., (REIT) 4.950%, due 03/15/13 $ 100,000 $ 95,559 Colonial Realty LP 4.750%, due 02/01/10 200,000 192,962 HRPT Properties Trust, (REIT) 6.250%, due 08/15/16 200,000 201,934 iStar Financial, Inc., (REIT) 6.000%, due 12/15/10 300,000 302,221 Kimco Realty Corp., (REIT) 4.880%, due 08/01/06 100,000 100,029 Nationwide Health Properties, Inc., (REIT) 6.900%, due 10/01/37 2,400,000 2,469,998 Simon Property Group LP, (REIT) 4.600%, due 06/15/10 200,000 193,037 5.100%, due 06/15/15 200,000 189,518 ----------- 3,745,258 ----------- RETAIL - MULTILINE -- 0.1% CKE Restaurants, Inc. 4.000%, due 10/01/23 (b) 100,000 204,125 ----------- SAVINGS & LOANS -- 0.1% Washington Mutual Bank FA. 5.125%, due 01/15/15 400,000 378,937 ----------- TELECOMMUNICATION SERVICES - DIVERSIFIED -- 1.0% Deutsche Telekom International Finance BV 8.250%, due 06/15/30 400,000 479,872 France Telecom S.A. 8.500%, due 03/01/31 1,000,000 1,252,770 SBC Communications, Inc. 6.450%, due 06/15/34 300,000 296,241 Sprint Capital Corp. 8.375%, due 03/15/12 500,000 565,620 Telecom Italia Capital S.A. 4.000%, due 01/15/10 300,000 282,271 ----------- 2,876,774 ----------- TOBACCO -- 0.3% Altria Group, Inc. 5.625%, due 11/04/08 700,000 702,897 ----------- Total Domestic Bonds & Debt Securities (Cost $46,550,111) 47,904,937 ----------- U. S. GOVERNMENT AGENCY MORTGAGE BACKED SECURITIES -- 0.4% Federal National Mortgage Assoc. 6.000%, due 01/01/13-08/01/28 716,844 722,512 6.500%, due 12/01/27 21,359 21,903 5.500%, due 08/01/28 234,521 229,960 Government National Mortgage Assoc. 9.000%, due 11/15/19 12,138 13,097 9.500%, due 01/15/20 6,954 7,670 ----------- Total U. S. Government Agency Mortgage Backed Securities (Cost $975,383) 995,142 ----------- U. S. GOVERNMENT & AGENCY OBLIGATIONS -- 9.9% Federal Home Loan Mortgage Corp. 4.875%, due 11/15/13 500,000 490,550 U.S. Treasury Bonds 5.250%, due 11/15/28 - 02/15/29 (b) 1,000,000 1,027,110 U.S. Treasury Notes 4.000%, due 08/31/07 (b) 1,500,000 1,482,949 5.625%, due 05/15/08 (b) 2,068,000 2,101,040 3.250%, due 08/15/08 (b) 3,300,000 3,185,533 3.625%, due 07/15/09 (b) 3,200,000 3,085,251 4.125%, due 08/15/10 (b) 5,900,000 5,739,367 4.250%, due 10/15/10-08/15/15 (b) 1,500,000 1,431,797 4.125%, due 05/15/15 3,200,000 3,024,877 3.000%, due 02/15/08 6,000,000 5,805,708 4.500%, due 11/15/15 (b) 200,000 194,141 ----------- Total U. S. Government & Agency Obligations (Cost $28,451,926) 27,568,323 -----------
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
PAR SECURITY DESCRIPTION AMOUNT VALUE - ------------------------------------------------------------------------------------ FOREIGN BONDS & DEBT SECURITIES -- 0.2% CANADA -- 0.2% Canada Mortgage & Housing Corp. 3.375%, due 12/01/08 (Cost -- $499,265) $ 500,000 $ 479,993 ----------- CONVERTIBLE BONDS -- 5.6% AEROSPACE & DEFENSE -- 0.4% AAR Corp. 1.750%, due 02/01/26 (144A) (c) 200,000 228,500 Armor Holdings, Inc. 2.000%, due 11/01/24 (d) 170,000 206,975 L-3 Communications Corp. 3.000%, due 08/01/35 (144A)(c) 300,000 309,750 3.000%, due 08/01/35 50,000 51,625 Lockheed Martin Corp. 4.499%, due 08/15/33 275,000 319,578 ----------- 1,116,428 ----------- AIRLINES -- 0.1% Continental Airlines, Inc. 4.500%, due 02/01/07 125,000 123,906 Frontier Airlines, Inc. 5.000%, due 12/15/25 200,000 195,000 ----------- 318,906 ----------- BIOTECHNOLOGY -- 0.4% Amgen, Inc. 0.000%, due 03/01/32 (144A) (c)(e) 775,000 586,094 InterMune, Inc. 0.250%, due 03/01/11 200,000 190,750 Invitrogen Corp. 1.500%, due 02/15/24 350,000 306,250 ----------- 1,083,094 ----------- BUILDING MATERIALS -- 0.2% Masco Corp., Series B 2.109%, due 07/20/31 (e) 875,000 406,875 NCI Building Systems, Inc. 2.125%, due 11/15/24 165,000 259,050 ----------- 665,925 ----------- COMMERCIAL SERVICES & SUPPLIES -- 0.1% Euronet Worldwide, Inc. 3.500%, due 10/15/25 (b) 225,000 266,063 ----------- COMPUTERS & PERIPHERALS -- 0.2% Electronics For Imaging, Inc. 1.500%, due 06/01/23 175,000 203,000 Mentor Graphics Corp. 6.250%, due 03/01/26 (144A) (c) 145,000 146,812 Silicon Graphics, Inc. 6.500%, due 06/01/09 125,000 99,688 ----------- 449,500 ----------- FINANCE - DIVERSIFIED -- 0.1% Merrill Lynch & Co., Inc. 0.000%, due 03/13/32 (e) 300,000 346,980 ----------- HEALTH CARE EQUIPMENT & SUPPLIES -- 0.1% Cooper Cos., Inc. (The) 2.625%, due 07/01/23 100,000 130,500 Fisher Scientific International, Inc. 3.250%, due 03/01/24 (b) 175,000 188,781 ----------- 319,281 ----------- HEALTH CARE PROVIDERS & SERVICES -- 0.4% LifePoint Hospitals, Inc. 3.250%, due 08/15/25 275,000 235,125 3.250%, due 08/15/25 (144)(c) 375,000 320,625 Omnicare, Inc. 3.250%, due 12/15/35 200,000 192,750 Pacificare Health Systems, Inc. 3.000%, due 10/15/32 125,000 493,750 ----------- 1,242,250 ----------- HOTELS, RESTAURANTS & LEISURE -- 0.1% Host Marriott LP 3.250%, due 04/15/24 (144A) (c) 150,000 194,063 -----------
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
PAR SECURITY DESCRIPTION AMOUNT VALUE - -------------------------------------------------------------------------------- INDUSTRIAL - DIVERSIFIED -- 0.4% 3M Co. 0.000%, due 11/21/32 (b)(e) $ 225,000 $ 199,125 Actuant Corp. 2.000%, due 11/15/23 275,000 441,031 Danaher Corp. 1.416%, due 01/22/21 (e) 325,000 302,656 Roper Industries, Inc. 1.481%, due 01/15/34 500,000 319,375 ----------- 1,262,187 ----------- LEISURE EQUIPMENT & PRODUCTS -- 0.0% Carnival Corp. 1.132%, due 04/29/33 (b) 150,000 105,750 ----------- MEDIA -- 0.2% Charter Communications, Inc. 5.875%, due 11/16/09 350,000 244,125 Liberty Media Corp. 4.000%, due 11/15/29 (b) 325,000 199,875 ----------- 444,000 ----------- OIL & GAS -- 0.3% Halliburton Co. 3.125%, due 07/15/23 150,000 297,188 Pride International, Inc. 3.250%, due 05/01/33 325,000 433,875 ----------- 731,063 ----------- PHARMACEUTICALS -- 0.7% Alexion Pharmaceuticals, Inc. 1.375%, due 02/01/12 75,000 94,594 BioMarin Pharmaceutical, Inc. 3.500%, due 06/15/08 (b) 275,000 292,875 2.500%, due 03/29/13 25,000 26,250 CV Therapeutics, Inc. 2.750%, due 05/16/12 150,000 207,000 Enzon Pharmaceuticals, Inc. 4.500%, due 07/01/08 225,000 210,656 Nektar Therapeutics 3.250%, due 09/28/12 (144A) (c) 175,000 203,219 NPS Pharmaceuticals, Inc. 3.000%, due 06/15/08 325,000 286,812 Oscient Pharmaceutical Corp. 3.500%, due 04/15/11 250,000 192,500 Teva Pharmaceutical Industries, Ltd. 0.250%, due 02/01/24 300,000 363,375 ----------- 1,877,281 ----------- RETAIL - MULTILINE -- 0.5% Best Buy Co., Inc. 2.250%, due 01/15/22 (b) 125,000 158,281 2.250%, due 01/15/22 (144A)(c) 25,000 31,656 CBRL Group, Inc. 0.000%, due 04/03/32 (b)(e) 600,000 300,750 Men's Wearhouse, Inc. 3.125%, due 10/15/23 300,000 398,625 Pier 1 Imports, Inc. 6.375%, due 02/15/36 (144A) (b)(c)(d) 200,000 216,250 WESCO International, Inc. 2.625%, due 10/15/25 (144A) (c) 100,000 173,875 ----------- 1,279,437 ----------- SEMICONDUCTOR EQUIPMENT & PRODUCTS -- 0.1% Amkor Technology, Inc. 5.000%, due 03/15/07 (b) 200,000 196,250 ----------- SOFTWARE -- 0.5% Mentor Graphics Corp. 6.360%, due 08/06/23 (a) 175,000 171,063 Open Solutions, Inc. 1.467%, due 02/02/35 475,000 282,625 Openwave Systems Inc. 2.750%, due 09/09/08 175,000 225,750 RealNetworks, Inc. 0.898%, due 07/01/10 (e) 175,000 178,062 SafeNet, Inc. 2.500%, due 12/15/10 (144A) (c) 325,000 298,594 SINA Corp. 0.000%, due 07/15/23 (e) 225,000 273,375 ----------- 1,429,469 ----------- TELECOMMUNICATION SERVICES - DIVERSIFIED -- 0.8% ADC Telecommunications, Inc. 5.045%, due 06/15/13 (a) 450,000 498,937 Amdocs, Ltd. 0.500%, due 03/15/24 (b) 200,000 199,250
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
SHARES/PAR SECURITY DESCRIPTION AMOUNT VALUE - ----------------------------------------------------------------------------------- TELECOMMUNICATION SERVICES - DIVERSIFIED - CONTINUED Ciena Corp. 3.750%, due 02/01/08 $ 300,000 $ 285,000 Dobson Communications Corp. 1.500%, due 10/01/25 (144A) (c) 200,000 197,750 Juniper Networks, Inc. 0.000%, due 06/15/08 (e) 250,000 270,000 NII Holdings, Inc. 2.750%, due 08/15/25 (144A) (c) 300,000 400,125 RF Micro Devices, Inc. 1.500%, due 07/01/10 175,000 217,219 Time Warner Telecom, Inc. 2.375%, due 04/01/26 125,000 143,906 ------------ 2,212,187 ------------ Total Convertible Bonds (Cost $14,614,924) 15,540,114 ------------ COMMON STOCKS -- 64.0% AEROSPACE & DEFENSE -- 2.6% Boeing Co. (The) 14,366 1,119,542 General Dynamics Corp. 14,376 919,776 Honeywell International, Inc. 13,410 573,546 Lockheed Martin Corp. 9,950 747,544 Northrop Grumman Corp. 13,073 892,755 Raytheon Co. 45,300 2,076,552 United Technologies Corp. 16,136 935,404 ------------ 7,265,119 ------------ AIR FREIGHT & LOGISTICS -- 1.0% FedEx Corp. 6,500 734,110 Ryder System, Inc. 36,800 1,647,904 United Parcel Service, Inc. - Class B 4,720 374,674 ------------ 2,756,688 ------------ AUTOMOTIVE -- 0.2% Oshkosh Truck Corp. 8,760 545,222 ------------ BANKS -- 2.3% Bank of America Corp. 33,426 1,522,220 Bank of New York Co., Inc. (The) 5,670 204,347 Comerica, Inc. 10,732 622,134 Commerce Bancorp, Inc. (b) 9,700 355,505 PNC Financial Services Group, Inc. 6,728 452,862 SunTrust Banks, Inc. 2,678 194,851 U.S. Bancorp 13,026 397,293 Wachovia Corp. 16,743 938,445 Wells Fargo & Co. 27,175 1,735,667 ------------ 6,423,324 ------------ BEVERAGES -- 0.9% Coca-Cola Co. 16,965 710,324 Pepsi Bottling Group, Inc. (The) 5,300 161,067 PepsiCo, Inc. 26,082 1,507,279 ------------ 2,378,670 ------------ BIOTECHNOLOGY -- 1.0% Amgen, Inc. * 8,922 649,075 Gilead Sciences, Inc. * 3,377 210,117 Invitrogen Corp. * 8,900 624,157 Millipore Corp. * 15,600 1,139,736 ------------ 2,623,085 ------------ CHEMICALS -- 0.6% Dow Chemical Co. 18,551 753,170 E.I. du Pont de Nemours & Co. 6,623 279,557 Eastman Chemical Co. 8,500 435,030
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets) SECURITY DESCRIPTION SHARES VALUE - ---------------------------------------------------------------------------- CHEMICALS - CONTINUED Monsanto Co. 2,004 $ 169,839 ----------- 1,637,596 ----------- COMMERCIAL SERVICES & SUPPLIES -- 0.7% Fair Isaac Corp. 33,400 1,323,308 Herman Miller, Inc. 11,174 362,149 Manpower, Inc. 5,400 308,772 ----------- 1,994,229 ----------- COMMUNICATIONS EQUIPMENT & SERVICES -- 1.1% Cisco Systems, Inc. * 87,192 1,889,451 Motorola, Inc. 55,775 1,277,805 ----------- 3,167,256 ----------- COMPUTERS & PERIPHERALS -- 3.3% Apple Computer, Inc. * 17,297 1,084,868 Dell, Inc. * 39,528 1,176,353 Hewlett-Packard Co. 60,309 1,984,166 International Business Machines Corp. 34,723 2,863,606 NCR Corp. * 32,900 1,374,891 Seagate Technology * 29,100 766,203 ----------- 9,250,087 ----------- CONSTRUCTION MATERIALS -- 0.3% Martin Marietta Materials, Inc. 6,900 738,507 ----------- CONTAINERS & PACKAGING -- 0.2% Sealed Air Corp. 8,955 518,226 ----------- ELECTRIC UTILITIES -- 1.6% American Electric Power Co., Inc. 21,191 720,918 Edison International 15,790 650,232 Exelon Corp. 6,488 343,215 FirstEnergy Corp. 24,901 1,217,659 Public Service Enterprise Group, Inc. 10,000 640,400 Southern Co. 5,365 175,811 TXU Corp. 12,202 546,162 ----------- 4,294,397 ----------- ELECTRONIC EQUIPMENT & INSTRUMENTS -- 1.1% Agere Systems, Inc. * 54,100 813,664 Jabil Circuit, Inc. * 24,966 1,070,043 Synopsys, Inc. * 20,600 460,410 Thomas & Betts Corp. * 14,626 751,484 ----------- 3,095,601 ----------- ENERGY EQUIPMENT & SERVICES -- 0.7% Baker Hughes, Inc. 7,851 537,008 Rowan Companies, Inc. 2,700 118,692 Schlumberger, Ltd. 11,005 1,392,903 ----------- 2,048,603 ----------- FINANCIAL - DIVERSIFIED -- 5.9% AllianceBernstein Holding LP 1,500 99,375 American Express Co. 8,907 468,063 Capital One Financial Corp. 11,882 956,739 Citigroup, Inc. 73,200 3,457,236 Countrywide Financial Corp. 6,900 253,230 Fannie Mae 6,934 356,408 Federated Investors, Inc. - Class B 18,000 702,900 Franklin Resources, Inc. 5,292 498,718 Freddie Mac 3,364 205,204 MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets) SECURITY DESCRIPTION SHARES VALUE - ----------------------------------------------------------------------------- FINANCIAL - DIVERSIFIED - CONTINUED Goldman Sachs Group, Inc. (The) 11,198 $ 1,757,638 JPMorgan Chase & Co. 63,516 2,644,806 Lehman Brothers Holdings, Inc. 8,278 1,196,419 Merrill Lynch & Co., Inc. 16,437 1,294,578 Morgan Stanley 21,964 1,379,778 Prudential Financial, Inc. 15,737 1,193,022 ------------ 16,464,114 ------------ FOOD & DRUG RETAILING -- 0.4% Safeway, Inc. 30,700 771,184 Walgreen Co. 7,296 314,677 ------------ 1,085,861 ------------ FOOD PRODUCTS -- 0.1% Hormel Foods Corp. 5,643 190,733 ------------ FOOD RETAILERS -- 0.2% Kroger Co. (The) * 28,100 572,116 ------------ HEALTH CARE EQUIPMENT & SUPPLIES -- 1.7% Applera Corp. 45,600 1,237,584 Cardinal Health, Inc. 2,714 202,247 Johnson & Johnson 35,525 2,103,791 Kinetic Concepts, Inc. * 1,100 45,287 Medtronic, Inc. 19,145 971,609 ------------ 4,560,518 ------------ HEALTH CARE PROVIDERS & SERVICES -- 1.8% Aetna, Inc. 16,704 820,834 HCA, Inc. 13,200 604,428 Humana, Inc. * 16,326 859,564 UnitedHealth Group, Inc. 30,208 1,687,419 WellPoint, Inc. * 13,618 1,054,442 ------------ 5,026,687 ------------ HOTELS, RESTAURANTS & LEISURE -- 0.9% Darden Restaurants, Inc. 24,757 1,015,780 Hilton Hotels Corp. 150,000 182,812 Marriott International, Inc. - Class A 12,025 824,915 McDonald's Corp. 13,552 465,647 ------------ 2,489,154 ------------ HOUSEHOLD DURABLES -- 0.1% KB HOME 4,792 311,384 ------------ HOUSEHOLD PRODUCTS -- 0.6% Colgate-Palmolive Co. 3,785 216,124 Kimberly-Clark Corp. 3,364 194,439 Procter & Gamble Co. (The) 23,469 1,352,284 ------------ 1,762,847 ------------ INDUSTRIAL - DIVERSIFIED -- 1.3% 3M Co. 5,500 416,295 General Electric Co. 77,580 2,698,232 Tyco International, Ltd. 14,463 388,766 ------------ 3,503,293 ------------ INSURANCE -- 3.6% AFLAC, Inc. 10,769 486,005 Allstate Corp. (The) 4,659 242,780 American International Group, Inc. 28,785 1,902,401 Aon Corp. 13,500 560,385 Assurant, Inc. 16,200 797,850 MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets) SECURITY DESCRIPTION SHARES VALUE - ----------------------------------------------------------------------- INSURANCE - CONTINUED Chubb Corp. (The) 17,415 $ 1,662,088 CIGNA Corp. 8,362 1,092,244 Fidelity National Financial, Inc. 3,500 124,355 Hartford Financial Services Group, Inc. (The) 3,915 315,353 Lincoln National Corp. 3,117 170,157 Loews Corp. 16,000 1,619,200 Principal Financial Group, Inc. 9,910 483,608 Sun Life Financial, Inc. 11,800 502,208 ----------- 9,958,634 ----------- INTERNET & CATALOG RETAIL -- 0.3% eBay, Inc. * 18,072 705,892 ----------- INTERNET SOFTWARE & SERVICES -- 0.4% CheckFree Corp. * 7,100 358,550 Sohu.com, Inc. *(b) 5,100 136,119 Yahoo!, Inc. * 20,955 676,008 ----------- 1,170,677 ----------- IT CONSULTING & SERVICES -- 0.3% Accenture, Ltd. - Class A 20,900 628,463 Affiliated Computer Services, Inc. - Class A * 3,200 190,912 Computer Sciences Corp. * 2,400 133,320 ----------- 952,695 ----------- MACHINERY -- 0.4% Ingersoll-Rand Co., - Class A 19,516 815,574 JLG Industries, Inc. 4,800 147,792 Parker Hannifin Corp. 3,300 266,013 ----------- 1,229,379 ----------- MANUFACTURING -- 0.2% Corning, Inc. * 18,437 496,140 ----------- MEDIA -- 1.0% Comcast Corp. - Class A * 9,766 255,478 News Corp. - Class A 39,975 663,985 Time Warner, Inc. 72,573 1,218,501 Viacom, Inc. - Class B *(c) 5,164 200,363 Walt Disney Co. (The) 13,756 383,655 ----------- 2,721,982 ----------- METALS & MINING -- 1.3% Alcan, Inc. 15,900 727,107 Cleveland-Cliffs, Inc. (b) 3,400 296,208 Falconbridge Ltd. 15,200 532,760 Nucor Corp. 11,783 1,234,740 Phelps Dodge Corp. 11,126 895,977 ----------- 3,686,792 ----------- OIL & GAS -- 8.7% Anadarko Petroleum Corp. 5,069 512,020 Apache Corp. 5,300 347,203 Burlington Resources, Inc. 14,047 1,291,060 Chevron Corp. 47,564 2,757,285 ConocoPhillips 26,396 1,666,907 Devon Energy Corp. 9,803 599,649 EnCana Corp. 3,200 149,536 EOG Resources, Inc. 8,900 640,800 Exxon Mobil Corp. 133,365 8,116,594 Halliburton Co. 11,227 819,795 Marathon Oil Corp. 10,410 792,930 MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets) SECURITY DESCRIPTION SHARES VALUE - ---------------------------------------------------------------------------- OIL & GAS - CONTINUED MDU Resources Group, Inc. (b) 18,400 $ 615,480 Nabors Industries, Ltd. * 14,000 1,002,120 Occidental Petroleum Corp. 12,047 1,116,155 Pride International, Inc. * 20,500 639,190 Sunoco, Inc. 5,202 403,519 Talisman Energy, Inc. 23,300 1,239,094 Transocean, Inc. * 7,171 575,831 Valero Energy Corp. 12,420 742,468 ----------- 24,027,636 ----------- PHARMACEUTICALS -- 2.8% Abbott Laboratories 17,582 746,708 Biovail Corp. 16,100 392,035 Bristol-Myers Squibb Co. 13,991 344,318 Eli Lilly & Co. 8,179 452,299 King Pharmaceuticals, Inc. * 22,000 379,500 Merck & Co., Inc. 34,546 1,217,056 Mylan Laboratories, Inc. 17,200 402,480 Oscient Pharmaceuticals Corp. *(b) 20,000 40,000 Pfizer, Inc. 116,843 2,911,728 Schering-Plough Corp. 22,947 435,763 Wyeth 9,656 468,509 ----------- 7,790,396 ----------- REAL ESTATE -- 0.3% Hospitality Properties Trust (REIT) 7,600 331,892 Jones Lang LaSalle, Inc. 6,800 520,472 ----------- 852,364 ----------- RETAIL - MULTILINE -- 1.7% Costco Wholesale Corp. 7,322 396,559 CVS Corp. 21,786 650,748 J.C. Penney Co., Inc. 11,600 700,756 Target Corp. 19,464 1,012,323 Wal-Mart Stores, Inc. 38,095 1,799,608 ----------- 4,559,994 ----------- RETAIL - SPECIALTY -- 2.1% Abercrombie & Fitch Co. - Class A 5,822 339,423 American Eagle Outfitters, Inc. (b) 9,019 269,307 Best Buy Co., Inc. 8,772 490,618 Family Dollar Stores, Inc. 23,200 617,120 Home Depot, Inc. (The) 40,856 1,728,209 Lowe's Cos., Inc. 17,225 1,109,979 NIKE, Inc. - Class B 2,014 171,391 Nordstrom, Inc. 14,500 568,110 Staples, Inc. 6,100 155,672 SUPERVALU, Inc. 12,819 395,082 ----------- 5,844,911 ----------- ROAD & RAIL -- 0.7% Burlington Northern Santa Fe Corp. 13,113 1,092,706 CSX Corp. 12,041 720,052 ----------- 1,812,758 ----------- SEMICONDUCTOR EQUIPMENT & PRODUCTS -- 2.6% Advanced Micro Devices, Inc. * 13,871 459,962 Atmel Corp. * 69,000 325,680 Avnet, Inc. * 37,300 946,674 Freescale Semiconductor, Inc. - Class B * 55,900 1,552,343 Intel Corp. 64,317 1,244,534 Micron Technology, Inc. * 4,900 72,128 MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
SECURITY DESCRIPTION SHARES VALUE - -------------------------------------------------------------------------------------- SEMICONDUCTOR EQUIPMENT & PRODUCTS - CONTINUED National Semiconductor Corp. 24,100 $ 670,944 QLogic Corp. * 52,100 1,008,135 Texas Instruments, Inc. 31,984 1,038,521 ------------ 7,318,921 ------------ SOFTWARE -- 2.2% BMC Software, Inc. * 30,900 669,294 EMC Corp. * 50,937 694,271 Microsoft Corp. 121,607 3,308,926 Oracle Corp. * 79,366 1,086,521 Sybase, Inc. * 17,521 370,044 ------------ 6,129,056 ------------ TELECOMMUNICATION SERVICES - DIVERSIFIED -- 2.9% Andrew Corp. * 56,300 691,364 AT&T, Inc. 72,105 1,949,719 BellSouth Corp. 25,199 873,145 Citizens Communications Co. 82,300 1,092,121 Sprint Nextel Corp. 48,458 1,252,155 Verizon Communications, Inc. 61,376 2,090,467 ------------ 7,948,971 ------------ TELECOMMUNICATION SERVICES - WIRELESS -- 0.2% QUALCOMM, Inc. 11,875 600,994 ------------ TOBACCO -- 0.6% Altria Group, Inc. 23,172 1,641,968 ------------ TRADING COMPANIES & DISTRIBUTORS -- 0.7% Genuine Parts Co. 44,200 1,937,286 ------------ TRANSPORTATION -- 0.4% Laidlaw International, Inc. 41,200 1,120,640 ------------ Total Common Stocks (Cost $152,512,759) 177,211,403 ------------ CONVERTIBLE PREFERRED STOCKS -- 0.7% BANKS -- 0.1% Sovereign Capital Trust IV 4.375%, due 03/01/34 6,500 296,563 Washington Mutual Capital Trust I 5.375%, due 05/03/41 3,000 162,060 Washington Mutual Capital Trust I 5.375%, due 05/03/41 (144A) (c) 2,300 124,407 ------------ 583,030 ------------ COMMERCIAL SERVICES & SUPPLIES -- 0.1% United Rentals Trust I 6.500%, due 08/01/28 (b) 8,100 382,725 ------------ ELECTRIC UTILITIES -- 0.1% NRG Energy, Inc. 175 220,281 ------------ FINANCE - DIVERSIFIED -- 0.1% Doral Financial Corp. 4.750%, 1,200 195,750 ------------ MEDIA -- 0.1% Interpublic Group of Cos, Inc. 5.250%, (144A) (c) 280 262,500 ------------ PHARMACEUTICALS -- 0.1% Omnicare, Inc., Series B 4.000%, due 06/15/33 2,600 188,123 ------------ REAL ESTATE -- 0.1% Simon Property Group, Inc. 6.000%, 3,100 213,776 ------------ Total Convertible Preferred Stocks (Cost $2,005,881) 2,046,185 ------------
MANAGED ASSETS TRUST PORTFOLIO OF INVESTMENTS (unaudited) - continued March 31, 2006 (Percentage of Net Assets)
PAR SECURITY DESCRIPTION AMOUNT VALUE - ------------------------------------------------------------------------------------------------------------------- SHORT - TERM INVESTMENTS -- 7.1% State Street Bank & Trust Co., Repurchase Agreement, dated 03/31/06 at 1.40% to be repurchased at $723,084 on 04/03/06 collateralized by $780,000 U.S. Treasury Bonds 4.25% due 02/15/36 with a value of $738,075 $ 723,000 $ 723,000 State Street Bank & Trust Co., Repurchase Agreement, dated 03/31/06 at 2.25% to be repurchased at $3,331,624 on 04/03/06 collateralized by $3,595,000 U.S. Treasury Bonds 4.25% due 02/15/36 with a value of $3,401,769 3,331,000 3,331,000 State Street Navigator Securities Lending Prime Portfolio (f) 15,486,483 15,486,483 ------------- Total Short - Term Investments (Cost $19,540,483) 19,540,483 ------------- TOTAL INVESTMENTS -- 105.2% (Cost $265,150,732#) 291,286,580 ------------- Other Assets and Liabilities (net) -- (5.2)% (14,279,733) ------------- TOTAL NET ASSETS -- 100.0% $ 277,006,847 =============
Portfolio Footnotes * Non-income producing security (a) Variable or floating rate security. The stated rate represents the rate at March 31, 2006. (b) All or portion of security out on loan. (c) Securities that may be resold to "qualified institutional buyers" under Rule 144A or securities offered pursuant to Section 4(2) of the Securities Act of 1933, as amended. These securities have been determined to be liquid under the guidelines established by the Board of Trustees. These securities represent in the aggregate 2.16% of net assets. (d) Security is a "step-down" bond where the coupon decreases or steps down at a predetermined date. Rates shown are current coupon and next coupon rate when a security steps down. (e) Zero coupon bonds - Interest rate represents current yield to maturity. (f) Represent investment of collateral received from securities lending transactions. As of March 31, 2006 the market value of securities on loan is $15,171,307 # Aggregate cost for federal income tax purposes is substantially the same. Aggregate unrealized appreciation and depreciation, based on cost for federal income tax purposes, are $35,537,279 and $9,401,431 respectively, resulting in a net unrealized appreciation of $26,135,848. For information regarding the Portfolio's policy regarding valuation of the investments and other significant accounting policies, please refer to the Portfolio's most recent Annual Report. AIG - American International Guaranty REIT - Real Estate Investment Trust The following table summarizes the credit composition of the portfolio holdings of the Managed Asset Trust at March 31, 2006, based upon quality ratings issued by Standard & Poor's. For Securities not rated by Standard & Poor's, the equivalent Moody's rating is used. PERCENT OF PORTFOLIO PORTFOLIO COMPOSITION BY CREDIT QUALITY (UNAUDITED) - ------------------------------------------------------------------------ AAA/Government/Government Agency 14.24% AA 3.12% A 3.18% BBB 6.54% BB 1.79% B 0.84% Below B 2.56% Equities/Other 67.73% ------- Total: 100.00% ======= ITEM 2. CONTROLS AND PROCEDURES. (a) Within 90 days of the filing date of this Form N-Q, Elizabeth M. Forget, the registrant's President and Peter Duffy, the registrant's Chief Financial Officer and Treasurer, reviewed the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) (the "Procedures") and evaluated their effectiveness. Based on their evaluation, Ms. Forget and Mr. Duffy have concluded that the Procedures are effective to ensure that information required to be disclosed by the registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no significant changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting. ITEM 3. EXHIBITS. The certifications required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) are attached hereto. 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. MANAGED ASSETS TRUST By: /s/ Elizabeth M. Forget ------------------------- Elizabeth M. Forget President Date: May 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: /s/ Elizabeth M. Forget ------------------------- Elizabeth M. Forget President Date: May 19, 2006 By: /s/ Peter Duffy ------------------------------------- Peter Duffy Chief Financial Officer and Treasurer Date: May 19, 2006 EX-99.CERT 2 dex99cert.txt CERTIFICATIONS I, Elizabeth M. Forget, President of Managed Assets Trust, certify that: 1. I have reviewed this report on Form N-Q of Managed Assets Trust; 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: May 19, 2006 By: /s/ Elizabeth M. Forget ------------------------- Elizabeth M. Forget President I, Peter Duffy, Chief Financial Officer and Treasurer of Managed Assets Trust, certify that: 1. I have reviewed this report on Form N-Q of Managed Assets Trust; 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: May 19, 2006 By: /s/ Peter Duffy ------------------------------------- Peter Duffy Chief Financial Officer and Treasurer -----END PRIVACY-ENHANCED MESSAGE-----