N-Q 1 l12890anvq.txt STI CLASSIC FUNDS FORM N-Q OMB APPROVAL OMB Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response.....20.00 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 811-06557 STI Classic Funds -------------------------------------------------- (Exact name of registrant as specified in charter) 101 Federal Street Boston, MA 02110 ---------------------------------------- ---------- (Address of principal executive offices) (Zip code) BISYS Fund Services, 3435 Stelzer Road Columbus, Ohio 43219 ----------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: 614-470-8000 Date of fiscal year end: 10/31 Date of reporting period: 1/31/05 Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507. ITEM 1. SCHEDULE OF INVESTMENTS. File the schedules as of the close of the reporting period as set forth in Sections 210.12-12 - 12-14 of Regulation S-X [17 CFR 210.12-12 - 12-14]. The schedules need not be audited. STI CLASSIC FIXED INCOME FUNDS CLASSIC INSTITUTIONAL CORE BOND FUND Schedule of Portfolio Investments January 31, 2005 (unaudited) (Amounts in thousands)
PRINCIPAL AMOUNT VALUE --------- ------- ASSET BACKED SECURITIES (0.1%) HOME EQUITY ABS (0.1%) Aames Mortgage Trust, Ser 1999-1, Cl AF, 7.290%, 07/15/29 $ 41 $ 42 Aames Mortgage Trust, Ser 1999-2, Cl AF, 7.589%, 10/15/29 29 30 Cityscape Home Equity Loan Trust, Ser 1996-3, Cl A8, 7.650%, 09/25/25 43 43 Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.462%, 09/15/29 15 16 EQCC Home Equity Loan Trust, Ser 1999-3, Cl A7F, 7.448%, 08/25/30 13 14 New Century Home Equity Loan Trust, Ser 1999-NCB, Cl A7, 7.540%, 06/25/29 17 17 Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.265%, 04/15/31 23 24 ------- TOTAL ASSET BACKED SECURITIES (COST $188) 186 ------- CORPORATE BONDS (13.4%) AUTO MANUFACTURERS (0.9%) American Honda Finance Corp., 3.850%, 11/06/08 (d) 335 333 DaimlerChrysler NA Holdings, 8.500%, 01/18/31 275 352 Ford Motor Co., 7.450%, 07/16/31 1,350 1,347 ------- 2,032 ------- BANKS (0.6%) Bank of America Corp., 7.400%, 01/15/11 730 846 Bank One Corp., 7.625%, 08/01/05 105 107 BNP US Funding LLC, 7.738%, 160 176 Callable 12/05/07 @ 100 (c) (d) (i) Wells Fargo & Co., 4.800%, 07/29/05 55 55 ------- 1,184 ------- BEVERAGES (0.1%) Miller Brewing Co., 4.250%, 08/15/08 (d) 130 131 ------- BUILDING MATERIALS (0.1%) American Standard, Inc., 7.625%, 02/15/10 140 160 ------- COMMERCIAL SERVICES (0.1%) ERAC USA Finance Co., 7.350%, 06/15/08 (d) 135 148
Page 002 R.R. Donnelley & Sons Co., 3.750%, 04/01/09 170 167 ------- 315 ------- COMPUTERS (0.0%) NCR Corp., 7.125%, 06/15/09 70 77 ------- DIVERSIFIED FINANCIAL SERVICES (3.3%) CIT Group, Inc., 5.750%, 09/25/07 145 152 CIT Group, Inc., 5.500%, 11/30/07 265 276 CIT Group, Inc., 5.125%, 09/30/14 175 177 Citigroup, Inc., 5.125%, 05/05/14 275 284 Citigroup, Inc., 5.875%, 02/22/33 400 420 Fund American Cos., Inc., 5.875%, 05/15/13 485 497 General Motors Acceptance Corp., 8.000%, 11/01/31 320 324 Goldman Sachs Group, Inc. (The), 3.875%, 01/15/09 210 209 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 170 169 Household Finance Corp., 7.625%, 05/17/32 140 178 HSBC Holdings PLC, 7.625%, 05/17/32 (d) 170 217 International Lease Finance Corp., 4.750%, 07/01/09 635 646 J P Morgan Chase & Co., 6.625%, 03/15/12 960 1,076 John Deere Capital Corp., 3.900%, 01/15/08 165 165 MBNA Corp., 7.500%, 03/15/12 225 260 MBNA Corp., 6.125%, 03/01/13 460 497 Merrill Lynch & Co., 3.700%, 04/21/08 135 134 Merrill Lynch & Co., 5.000%, 01/15/15 395 396 Morgan Stanley, 5.300%, 03/01/13 685 711 ------- 6,788 ------- ELECTRIC (1.2%) Appalachian Power Co., Ser E, 4.800%, 06/15/05 70 70 Calenergy Co., Inc., 7.520%, 09/15/08 70 77 Carolina Power & Light Co., 6.500%, 07/15/12 180 200 Cincinnati Gas & Electric Co., 5.700%, 09/15/12 170 181 Dominion Resources, Inc., Ser E, 6.750%, 12/15/32 200 227 Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 280 278 Florida Power & Light Co., 6.875%, 12/01/05 35 36 Northern States Power Co., 2.875%, 08/01/06 150 148 Oncor Electric Delivery Co., 7.000%, 05/01/32 175 208 Pacific Gas & Electric Co., 6.050%, 03/01/34 595 641 Public Service Co. of Colorado, Ser 14, 4.375%, 10/01/08 130 131
Page 003 Westar Energy, Inc., 7.875%, 05/01/07 310 336 ------- 2,533 ------- ENTERTAINMENT (0.0%) GTECH Holdings Corp., 4.750%, 10/15/10 80 80 ------- FOREST PRODUCTS & PAPER (0.4%) International Paper Co., 5.500%, 01/15/14 300 314 Weyerhaeuser Co., 6.750%, 03/15/12 240 272 Weyerhaeuser Co., 7.375%, 03/15/32 145 177 ------- 763 ------- HEALTHCARE - SERVICES (0.1%) WellPoint Health Networks, Inc., 6.375%, 06/15/06 295 306 ------- HOME BUILDERS (0.2%) Lennar Corp., 5.950%, 03/01/13 205 217 Pulte Homes, Inc., 4.875%, 07/15/09 290 294 ------- 511 ------- HOUSEHOLD PRODUCTS/WARES (0.1%) Dial Corp., (The), 7.000%, 08/15/06 300 316 ------- INSURANCE (0.5%) Berkshire Hathaway Financial, Corp., 3.375%, 10/15/08 365 359 MetLife, Inc., 5.250%, 12/01/06 175 180 Monumental Global Funding, 5.200%, 01/30/07 (d) 105 108 Prudential Financial, Inc., 3.750%, 05/01/08 180 178 Prudential Financial, Inc., 5.100%, 09/20/14 280 284 ------- 1,109 ------- INVESTMENT COMPANIES (0.2%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 295 329 ------- LEISURE TIME (0.0%) Harley Davidson Funding, 3.625%, 12/15/08 (d) 90 89 ------- LODGING (0.0%) Marriott International, Inc., Ser C, 7.875%, 09/15/09 70 80 ------- MEDIA (1.4%) British Sky Broadcasting Group PLC, 6.875%, 02/23/09 200 219 Comcast Cable Communications, Inc., 7.125%, 06/15/13 735 850 Comcast Cable Communications, Inc., 7.050%, 03/15/33 55 65 Cox Communications, Inc., 4.625%, 06/01/13 335 323 News America Holdings, Inc., 9.250%, 02/01/13 300 387 News America Holdings, Inc., 6.200%, 12/15/34 (d) 200 206 Time Warner, Inc., 7.625%, 04/15/31 580 714 Univision Communications, Inc., 7.850%, 07/15/11 270 318 ------- 3,082 -------
Page 004 MINING (0.6%) Barrick Gold Finance, Inc., 7.500%, 05/01/07 140 151 Codelco, Inc., 5.500%, 10/15/13 (d) 435 457 Inco Ltd., 7.750%, 05/15/12 600 713 ------- 1,321 ------- MISCELLANEOUS MANUFACTURER (0.7%) General Electric Co., 5.000%, 02/01/13 1,380 1,422 ------- OIL & GAS (0.8%) Devon Energy Corp., 10.250%, 11/01/05 25 26 Devon Financing Corp., ULC, 7.875%, 09/30/31 220 286 Enterprise Products Partners LP, Ser B, 6.875%, 03/01/33 275 305 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 240 248 Phillips Petroleum Co., 6.375%, 03/30/09 100 109 Phillips Petroleum Co., 8.750%, 05/25/10 175 212 XTO Energy, Inc., 6.250%, 04/15/13 395 435 ------- 1,621 ------- PACKAGING & CONTAINERS (0.1%) Packaging Corp. of America, 5.750%, 08/01/13 280 290 ------- PIPELINES (0.7%) Centerpoint Energy Resources Co., Ser B, 7.875%, 04/01/13 445 532 K N Capital Trust III, 7.630%, 04/15/28 375 433 Kinder Morgan, Inc., 7.250%, 03/01/28 145 169 Panhandle Eastern Pipeline, 2.750%, 03/15/07 70 68 Panhandle Eastern Pipeline, Ser B, 4.800%, 08/15/08 235 239 ------- 1,441 ------- REITS (0.1%) Simon Property Group LP, 6.375%, 11/15/07 175 186 ------- SAVINGS & LOANS (0.1%) Golden West Financial Corp., 4.125%, 08/15/07 315 319 ------- TELECOMMUNICATIONS (1.0%) Deutsche Telekom International Finance, 9.250%, 06/01/32 200 294 SBC Communications, Inc., 5.625%, 06/15/16 65 67 SBC Communications, Inc., 6.450%, 06/15/34 155 168 Sprint Capital Corp., 8.750%, 03/15/32 610 827
Page 005 TELUS Corp., 8.000%, 06/01/11 335 396 Verizon Global Funding Corp., 7.750%, 12/01/30 250 316 ------- 2,068 ------- TRANSPORTATION (0.1%) FedEx Corp., 3.500%, 04/01/09 255 249 ------- TOTAL CORPORATE BONDS (COST $28,303) 28,802 ------- FOREIGN GOVERNMENT BOND (0.6%) MEXICO (0.6%) Mexican United States, 8.300%, 08/15/31 1,055 1,280 ------- TOTAL FOREIGN GOVERNMENT BOND (COST $1,211) 1,280 ------- U.S. GOVERNMENT AGENCIES (32.4%) FANNIE MAE (14.6%) 6.000%, 01/01/14 172 180 6.000%, 08/01/16 96 100 6.000%, 03/01/18 71 75 4.500%, 10/01/18 400 400 6.000%, 12/01/18 82 86 5.000%, 08/01/19 256 260 5.000%, 09/01/19 172 175 5.000%, 10/01/19 292 297 5.000%, 10/01/19 184 187 6.000%, 11/01/19 175 183 6.500%, 09/01/24 31 33 6.500%, 12/01/27 9 9 6.500%, 05/01/28 3 3 6.500%, 11/01/28 16 16 6.500%, 02/01/29 47 49 6.500%, 05/01/29 61 64 6.500%, 02/01/30 8 9 6.000%, 04/01/31 39 40 7.000%, 04/01/31 102 108 7.000%, 06/01/31 11 12 7.000%, 11/01/31 48 51 7.000%, 12/01/31 221 234 6.500%, 06/01/32 119 125 7.000%, 07/01/32 218 231 7.000%, 07/01/32 450 476 6.500%, 10/01/32 27 28 6.500%, 11/01/32 27 28 6.500%, 11/01/32 17 18 5.500%, 02/01/33 538 548 6.500%, 02/01/33 42 44 5.500%, 03/01/33 139 141 6.500%, 03/01/33 491 514 5.000%, 04/01/33 42 42 5.500%, 04/01/33 177 180 5.500%, 04/01/33 260 265 5.500%, 04/01/33 174 177 7.000%, 04/01/33 114 120 5.500%, 05/01/33 171 175 6.500%, 05/01/33 86 90 7.000%, 05/01/33 29 30 5.500%, 06/01/33 87 89 7.000%, 06/01/33 25 27 5.500%, 07/01/33 62 63 5.000%, 08/01/33 717 716
Page 006 5.500%, 08/01/33 219 223 7.000%, 08/01/33 39 41 6.500%, 09/01/33 350 366 5.500%, 10/01/33 46 47 5.500%, 10/01/33 150 153 6.500%, 10/01/33 116 122 6.500%, 10/01/33 170 178 6.500%, 10/01/33 36 38 6.500%, 10/01/33 136 142 7.000%, 10/01/33 33 35 7.000%, 10/01/33 28 30 5.500%, 11/01/33 754 768 5.500%, 11/01/33 163 166 5.500%, 11/01/33 117 119 6.000%, 11/01/33 120 124 6.000%, 11/01/33 77 79 6.000%, 11/01/33 245 253 6.500%, 11/01/33 44 46 6.500%, 11/01/33 146 153 7.000%, 11/01/33 25 26 6.000%, 12/01/33 414 428 6.000%, 12/01/33 107 111 6.000%, 12/01/33 88 91 7.000%, 12/01/33 240 254 6.500%, 01/01/34 215 225 6.000%, 03/01/34 127 131 6.500%, 03/01/34 397 415 6.000%, 04/01/34 124 128 6.000%, 04/01/34 152 157 6.000%, 04/01/34 128 132 6.000%, 05/01/34 114 118 6.000%, 05/01/34 123 127 6.000%, 05/01/34 279 288 6.500%, 05/01/34 376 393 6.500%, 06/01/34 20 20 6.500%, 07/01/34 216 226 7.000%, 07/01/34 250 264 6.500%, 10/01/34 260 272 4.500%, 02/15/20 (f) 3,285 3,279 5.000%, 02/15/20 (f) 8,048 8,173 5.500%, 02/10/35 (f) 532 542 5.500%, 02/15/20 (f) 4,261 4,394 7.000%, 02/25/35 (f) 1,400 1,481 ------- 31,456 ------- FREDDIE MAC (16.3%) 8.500%, 03/01/20 2 2 6.000%, 01/01/29 109 113 6.500%, 10/01/29 54 57 6.000%, 12/01/31 1,940 2,005 6.500%, 07/01/32 205 215 5.000%, 02/01/33 711 712 5.500%, 05/01/33 21 22 5.000%, 06/01/33 143 144 5.500%, 06/01/33 134 137 5.500%, 06/01/33 154 157 5.000%, 07/01/33 255 255 5.500%, 10/01/33 127 130 6.000%, 10/01/33 44 46 6.000%, 12/01/33 186 192 5.000%, 01/01/34 246 246 6.000%, 01/01/34 123 127 6.000%, 01/01/34 387 400
Page 007 6.000%, 01/01/34 74 77 6.000%, 02/01/34 623 644 6.500%, 03/01/34 84 88 6.500%, 05/01/34 2,942 3,081 6.000%, 06/01/34 245 253 6.000%, 07/01/34 164 170 6.000%, 08/01/34 38 39 6.000%, 08/01/34 200 207 6.500%, 08/01/34 166 173 5.000%, 11/01/34 599 599 5.000%, 12/01/34 225 225 5.000%, 12/01/34 583 583 5.000%, 12/01/34 425 424 5.000%, 02/10/35 (f) 5,472 5,462 5.000%, 02/10/35 (f) 3,700 3,822 5.500%, 02/10/35 (f) 13,790 14,052 ------- 34,859 ------- GINNIE MAE (1.5%) 7.500%, 04/15/29 3 3 7.500%, 01/15/31 6 6 7.500%, 04/15/31 5 6 7.500%, 05/15/31 4 4 7.500%, 05/15/31 9 10 7.000%, 07/15/31 147 156 7.500%, 09/15/31 21 23 7.500%, 10/15/31 30 32 7.500%, 11/15/31 3 4 6.500%, 04/15/32 41 43 6.500%, 07/15/32 29 31 7.500%, 07/15/32 46 50 6.500%, 08/15/32 72 76 6.500%, 11/15/32 38 40 6.500%, 01/15/33 61 64 6.000%, 03/15/33 38 40 6.000%, 04/15/33 116 121 5.000%, 07/15/33 150 151 5.000%, 08/15/33 148 149 6.000%, 01/15/34 500 520 6.500%, 07/15/34 400 421 5.000%, 11/15/34 200 201 6.000%, 11/15/34 122 127 5.000%, 12/15/34 117 118 5.000%, 01/15/35 883 888 ------- TOTAL U.S. GOVERNMENT AGENCIES (COST $69,319) 3,284 ------- 69,599 ------- U.S. TREASURY OBLIGATIONS (60.6%) U.S. TREASURY BILLS (10.6%) 2.760%, 07/14/05 23,000 22,728 ------- U.S. TREASURY BONDS (5.0%) 5.375%, 02/15/31 9,615 10,756 ------- U.S. TREASURY INFLATION PROTECTED BONDS (9.8%) 1.875%, 07/15/13 13,865 14,806 3.875%, 04/15/29 3,985 6,369 ------- 21,175 ------- U.S. TREASURY NOTES (35.2%) 1.500%, 02/28/05 10,930 10,924 1.625%, 04/30/05 12,410 12,384 1.250%, 05/31/05 4,150 4,133 3.500%, 11/15/06 9,065 9,107
Page 008 3.000%, 12/31/06 4,880 4,856 3.125%, 05/15/07 21,520 21,427 3.625%, 01/15/10 3,025 3,015 4.875%, 02/15/12 1,805 1,909 3.875%, 02/15/13 7,080 7,007 4.250%, 11/15/14 1,015 1,024 ------- 75,786 ------- TOTAL U.S. TREASURY OBLIGATIONS (COST $129,921) 130,445 ------- CASH EQUIVALENTS (1.6%) CREDIT CARD ABS (0.5%) American Express Credit Account Master Trust, Ser 2000-2, Cl A, 2.640%, 09/17/07 195 195 BA Master Credit Card Trust, Ser 2001-A, Cl A, 2.600%, 06/15/08 381 381 Bank One Issuance Trust, Ser 2003, Cl A2, 2.530%, 10/15/08(c) 276 276 Citibank Credit Card Issuance Trust, Ser 2002-A5 Cl A5, 2.530%, 09/17/07 143 143 ------- 995 ------- FANNIE MAE (0.1%) Ser 2002-T10, Cl A1, 2.650%, 06/25/32 45 45 Ser 2002-T13, Cl A1, 2.630%, 08/25/32 90 90 Ser 2003-T4, Cl 1A, 2.650%, 09/26/33 120 120 ------- 255 ------- FREDDIE MAC (0.0%) Ser T-049, Cl AV, 2.680%, 12/25/32 50 50 ------- HOME EQUITY ABS (0.1%) Mellon Bank Home Equity Loan Trust, Ser 2001-1, Cl A, 2.740%, 03/20/27 116 116 MSDWCC Home Equity Line of Credit Trust, Ser 2003-1, Cl A, 2.800%, 11/25/15(c) 149 149 Residential Funding Mortgage Securities I, Ser 2003-HS1, Cl A2, 2.820%, 12/25/32 46 47 ------- 312 ------- OTHER ABS (0.9%) Amortizing Residential Collateral Trust, Ser 2002-BC1F, Cl A, 2.810%, 01/25/32 147 147 Amortizing Residential Collateral Trust, Ser 2002-BC3M, Cl A, 2.800%, 06/25/32 114 114 Countrywide Home Equity Loan Trust, Ser 2002-B, Cl A1, 2.730%, 04/15/28 641 641 Countrywide Home Equity Loan Trust, Ser 2002-D, Cl A1, 2.720%, 08/15/28 314 314 Fleet Home Equity Loan Trust, Ser 2003-1, Cl A, 2.770%, 01/20/33 114 114 Greenpoint Home Equity Loan Trust, Ser 2003-1, Cl A, 2.750%, 04/15/29 108 108 Merrill Lynch Home Equity Loan, Ser 1997-1, Cl A, 2.710%, 09/25/27 60 60
Page 009 Residential Asset Mortgage Products, Inc., Ser 2003- RS2, Cl 2, 2.870%, 03/25/33 (b) (c) - - Wachovia Asset Securitization, Inc., Ser 2002-HE2, Cl A, 2.960%, 12/25/32(c) 328 329 Wachovia Asset Securitization, Inc., Ser 2003-HE1, Cl A1, 2.820%, 03/25/33 76 76 --------- 1,903 --------- TOTAL CASH EQUIVALENTS (COST $3,513) 3,515 --------- REPURCHASE AGREEMENTS (13.5%) Lehman Brothers, 2.395%, dated 01/31/05, to be repurchased on 02/01/05, repurchase price $28,949,158 (collateralized by U.S. Government Agencies, 5.00%, due 01/01/35; total market value $29,527,976) 28,947 28,947 --------- TOTAL REPURCHASE AGREEMENTS (COST $28,947) 28,947 --------- TOTAL INVESTMENTS (COST $261,402) (a) - 122.2% 262,774 LIABILITIES IN EXCESS OF OTHER ASSETS - (22.2)% (47,679) --------- NET ASSETS - 100.0% $ 215,095 =========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. Page 010 STI CLASSIC FIXED INCOME FUNDS CLASSIC INSTITUTIONAL INTERMEDIATE BOND FUND Schedule of Portfolio Investments January 31, 2005 (unaudited) (Amounts in thousands)
PRINCIPAL AMOUNT VALUE --------- ----- ASSET BACKED SECURITIES (0.7%) HOME EQUITY ABS (0.7%) Aames Mortgage Trust, Ser 1999-1, Cl AF, 7.290%, 07/15/29 $ 39 $ 40 Aames Mortgage Trust, Ser 1999-2, Cl AF, 7.589%, 10/15/29 51 53 Cityscape Home Equity Loan Trust, Ser 1996-3, Cl A8, 7.650%, 09/25/25 22 22 Contimortgage Home Equity Loan Trust, Ser 1996-2, Cl A8, 7.900%, 07/15/27 120 127 Delta Funding Home Equity Loan Trust, Ser 1999-3, Cl A1F, 7.462%, 09/15/29 15 15 EQCC Home Equity Loan Trust, Ser 1999-3, Cl A7F, 7.448%, 08/25/30 14 14 New Century Home Equity Loan Trust, Ser 1999-NCB, Cl A7, 7.540%, 06/25/29 13 13 Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.265%, 04/15/31 55 56 ----- TOTAL ASSET BACKED SECURITIES (COST $336) 340 ----- CORPORATE BONDS (20.0%) AUTO MANUFACTURERS (0.6%) American Honda Finance Corp., 3.850%, 11/06/08 (d) 85 84 DaimlerChrysler NA Holdings Corp., 7.300%, 01/15/12 170 194 ----- 278 ----- BANKS (1.6%) Bank of America Corp., 7.400%, 01/15/11 235 272 Bank One Corp., 7.625%, 08/01/05 85 87 BNP US Funding LLC, 7.738%, Callable 12/05/07 @ 100 (c) (d) (i) 185 203 Wells Fargo & Co., 5.125%, 02/15/07 195 201 ----- 763 ----- BUILDING MATERIALS (0.3%) American Standard, Inc., 7.625%, 02/15/10 105 120 ----- COMMERCIAL SERVICES (0.4%) ERAC USA Finance Co., 7.350%, 06/15/08 (d) 60 66
Page 011 R.R. Donnelley & Sons Co., 3.750%, 04/01/09 105 103 ----- 169 COMPUTERS (0.1%) ----- NCR Corp., 7.125%, 06/15/09 55 60 ----- DIVERSIFIED FINANCIAL SERVICES (8.1%) CIT Group, Inc., 5.750%, 09/25/07 45 47 CIT Group, Inc., 5.500%, 11/30/07 80 83 CIT Group, Inc., 5.125%, 09/30/14 55 56 Citigroup, Inc., 5.125%, 05/05/14 240 248 Ford Motor Credit Co., 7.000%, 10/01/13 415 437 Fund American Cos., Inc., 5.875%, 05/15/13 75 77 General Electric Capital Corp., 4.250%, 01/15/08 510 516 General Motors Acceptance Corp., 6.750%, 12/01/14 110 108 Goldman Sachs Group, Inc. (The), 3.875%, 01/15/09 95 95 Goldman Sachs Group, Inc. (The), 4.750%, 07/15/13 255 254 Household Finance Corp., 4.125%, 12/15/08 395 396 International Lease Finance Corp., 4.750%, 07/01/09 205 209 J P Morgan Chase & Co., 6.625%, 03/15/12 310 347 John Deere Capital Corp., 3.900%, 01/15/08 65 65 MBNA Corp., 6.125%, 03/01/13 240 259 Merrill Lynch & Co., 3.700%, 04/21/08 40 40 Merrill Lynch & Co., 5.000%, 01/15/15 125 125 Morgan Stanley, 5.800%, 04/01/07 325 339 Morgan Stanley, 5.300%, 03/01/13 125 130 Sallie Mae, Inc., 5.625%, 04/10/07 55 57 ----- 3,888 ----- ELECTRIC (0.9%) Calenergy Co., Inc., 7.520%, 09/15/08 75 83 Entergy Gulf States, Inc., 4.875%, 11/01/11, Callable 11/01/06 @ 100 50 50 Florida Power & Light Co., 6.875%, 12/01/05 40 41 Northern States Power Co., 2.875%, 08/01/06 55 54 Oncor Electric Delivery Co., 6.375%, 05/01/12 60 66 Pacific Gas & Electric Co., 4.800%, 03/01/14 145 146 ----- 440 ----- ENTERTAINMENT (0.1%) GTECH Holdings Corp., 4.750%, 10/15/10 35 35 ----- FOREST PRODUCTS & PAPER (0.4%) International Paper Co., 5.500%, 01/15/14 95 99
Page 012 Weyerhaeuser Co., 6.750%, 03/15/12 65 74 ----- 173 ----- HEALTHCARE - SERVICES (0.1%) WellPoint Health Networks, Inc., 6.375%, 06/15/06 40 41 ----- HOME BUILDERS (0.3%) Lennar Corp., 5.950%, 03/01/13 30 32 Pulte Homes, Inc., 4.875%, 07/15/09 100 101 ----- 133 ----- INSURANCE (0.8%) Berkshire Hathaway Financial, Corp., 3.375%, 10/15/08 180 178 MetLife, Inc., 5.250%, 12/01/06 40 41 Prudential Financial, Inc., 3.750%, 05/01/08 60 59 Prudential Financial, Inc., 5.100%, 09/20/14 90 91 ----- 369 ----- INVESTMENT COMPANIES (0.2%) Credit Suisse First Boston USA, Inc., 6.500%, 01/15/12 105 117 ----- LEISURE TIME (0.1%) Harley Davidson Funding, Inc, 3.625%, 12/15/08 (d) 65 64 ----- MEDIA (1.9%) British Sky Broadcasting Group PLC, 6.875%, 02/23/09 95 104 Comcast Cable Communications, Inc., 7.125%, 06/15/13 185 214 News America Holdings, Inc., 9.250%, 02/01/13 145 187 Time Warner Cos., Inc., 9.125%, 01/15/13 240 307 Univision Communications, Inc., 7.850%, 07/15/11 100 118 ----- 930 ----- MINING (0.7%) Barrick Gold Finance, Inc., 7.500%, 05/01/07 60 65 Codelco, Inc., 5.500%, 10/15/13 (d) 110 115 Inco Ltd., 7.750%, 05/15/12 145 173 ----- 353 ----- MISCELLANEOUS MANUFACTURER (0.3%) General Electric Co., 5.000%, 02/01/13 125 129 ----- OIL & GAS (0.8%) Enterprise Products Operations, Inc., 5.600%, 10/15/14 (d) 160 164 Motiva Enterprises LLC, 5.200%, 09/15/12 (d) 90 93 Phillips Petroleum Co., 6.375%, 03/30/09 40 44 Phillips Petroleum Co., 8.750%, 05/25/10 80 97 ----- 398 ----- PACKAGING & CONTAINERS (0.2%)
Page 013 Packaging Corp. of America, 5.750%, 08/01/13 90 93 ------ PIPELINES (0.5%) Centerpoint Energy Resources Co., Ser B, 7.875%, 04/01/13 145 173 Kinder Morgan, Inc., 6.500%, 09/01/12 80 88 ------ 261 ------ SAVINGS & LOANS (0.2%) Golden West Financial Corp., 4.125%, 08/15/07 90 91 ------ TELECOMMUNICATIONS (1.4%) Deutsche Telekom International Finance Corp., 8.500%, 06/15/10 (h) 70 83 SBC Communications, Inc., 5.625%, 06/15/16 65 67 Sprint Capital Corp., 8.375%, 03/15/12 195 237 TELUS Corp., 8.000%, 06/01/11 100 118 Verizon Global Funding Corp., 7.250%, 12/01/10 160 183 ------ 688 ------ TOTAL CORPORATE BONDS (COST $9,389) 9,593 ------ FOREIGN GOVERNMENT BOND (0.7%) MEXICO (0.7%) United Mexican States, 6.375%, 01/16/13 335 359 ------ TOTAL FOREIGN GOVERNMENT BOND (COST $339) 359 ------ U.S. GOVERNMENT AGENCIES (0.4%) FANNIE MAE (0.3%) 6.000%, 07/01/09 122 123 ------ FREDDIE MAC (0.1%) 6.500%, 08/01/08 55 57 ------ TOTAL U.S. GOVERNMENT AGENCIES (COST $180) 180 ------ U.S. TREASURY OBLIGATIONS (75.2%) U.S. TREASURY INFLATION PROTECTED BONDS (9.7%) 1.875%, 07/15/13 4,340 4,635 ------ U.S. TREASURY NOTES (65.5%) 1.500%, 02/28/05 2,410 2,409 1.625%, 04/30/05 2,810 2,804 3.500%, 11/15/06 6,215 6,244 3.000%, 12/31/06 1,810 1,801 3.125%, 05/15/07 7,195 7,164 3.125%, 04/15/09 1,210 1,187 6.000%, 08/15/09 2,965 3,255 3.625%, 01/15/10 1,155 1,151 4.875%, 02/15/12 510 539 4.375%, 08/15/12 50 51 3.875%, 02/15/13 4,590 4,543 4.250%, 11/15/14 245 247 ------ 31,395 ------ TOTAL U.S. TREASURY OBLIGATIONS (COST $36,029) 36,030 ------
Page 001 REPURCHASE AGREEMENTS (2.5%) Lehman Brothers, 2.395%, dated 01/31/05, to be repurchased on 02/01/05, repurchase price $1,192,490 (collateralized by U.S. Government Agencies, 5.00%, due 01/01/35; total market value $1,218,217) 1,192 1,192 -------- TOTAL REPURCHASE AGREEMENTS (COST $1,192) 1,192 -------- TOTAL INVESTMENTS (COST $47,464) (a) - 99.5% 47,694 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.5% 222 -------- NET ASSETS - 100.0% $ 47,916 ========
------------ SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. Page 002 STI CLASSIC FIXED INCOME FUNDS SEIX INSTITUTIONAL HIGH YIELD FUND Schedule of Portfolio Investments January 31, 2005 (Unaudited) (Amounts in thousands, except shares)
SHARES OR PRINCIPAL AMOUNT VALUE ------------ ------------- CONVERTIBLE BONDS (0.1%) CHEMICALS (0.1%) Hercules Trust II, 6.500%, 06/30/29 $ 2,310 $ 1,917 ------------- TOTAL CONVERTIBLE BONDS (COST $1,896) 1,917 ------------- CORPORATE BONDS (96.7%) ADVERTISING (1.0%) R.H. Donnelley Finance Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 9,156 10,712 R.H. Donnelley Finance Corp., 10.875%, 12/15/12, Callable 12/15/07 @ 105.44 (d) 3,475 4,066 ------------- 14,778 ------------- AEROSPACE/DEFENSE (0.3%) L-3 Communications Corp., 7.625%, 06/15/12, Callable 06/15/07 @ 103.81 3,333 3,633 ------------- AGRICULTURE (0.6%) Gold Kist, Inc., 10.250%, 03/15/14 2,312 2,682 Seminis, Inc., 10.250%, 10/01/13, Callable 10/01/08 @ 105.13 5,315 6,351 ------------- 9,033 ------------- APPAREL (0.1%) William Carter Co. (The), Ser B, 10.875%, 08/15/11, Callable 08/15/06 @ 105.44 1,049 1,172 ------------- BEVERAGES (0.4%) Constellation Brands, Inc., 8.625%, 08/01/06 4,315 4,607 Constellation Brands, Inc., Ser B, 8.125%, 01/15/12, Callable 01/15/07 @ 104.06 (e) 1,456 1,583 ------------- 6,190 ------------- BUILDING MATERIALS (0.6%) Ainsworth Lumber, 6.300%, 10/01/10, Callable 10/01/06 @ 102.00 (c) (d) 1,835 1,872 Ainsworth Lumber, 7.250%, 10/01/12, Callable 10/01/08 @ 103.63 (d) 4,115 4,114 US Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.88 2,810 3,021 ------------- 9,007 ------------- CHEMICALS (3.9%) Acetex Corp., 10.875%, 08/01/09, Callable 08/01/05 @ 105.44 1,991 2,155 ARCO Chemical Co., 10.250%, 11/01/10 4,425 5,067
Page 003 Equistar Chemicals LP, 10.125%, 09/01/08 995 1,134 Equistar Chemicals LP, 10.625%, 05/01/11, Callable 05/01/07 @ 105.31 995 1,144 Ethyl Corp., 8.875%, 05/01/10 2,130 2,343 FMC Corp., 10.250%, 11/01/09, Callable 11/01/06 @ 105.13 8,872 10,093 FMC Corp., Ser A, 7.000%, 05/15/08 997 1,053 Huntsman International LLC, 9.875%, 03/01/09 970 1,057 Huntsman International LLC, 11.625%, 10/15/10, Callable 10/15/07 @ 105.81 5,036 5,867 Lyondell Chemical Co., Ser A, 9.625%, 05/01/07 5,650 6,173 MacDermid, Inc., 9.125%, 07/15/11, Callable 07/15/06 @ 104.56 3,785 4,187 Millennium American Corp., Inc., 7.000%, 11/15/06 (e) 1,735 1,804 Nalco Co., 7.750%, 11/15/11, Callable 11/15/07 @ 103.88 (e) 6,885 7,384 Rockwood Specialties Group, Inc., 7.500%, 11/15/14, Callable 11/15/09 @ 103.75 (d) 3,380 3,481 Rockwood Specialties Group, Inc., 10.625%, 05/15/11, Callable 05/15/07 @ 105.31 3,565 4,064 ------ 57,006 ------ COAL (0.3%) Luscar Coal Ltd., 9.750%, 10/15/11, Callable 10/15/06 @ 104.88 3,662 4,101 ------ COMMERCIAL SERVICES (3.5%) Corrections Corp. of America, 9.875%, 05/01/09, Callable 05/01/06 @ 104.94 5,121 5,633 Corrections Corp. of America, 7.500%, 05/01/11, Callable 05/01/07 @ 103.75 7,735 8,228 Geo Group, Inc., 8.250%, 07/15/13, Callable 07/15/08 @ 104.13 3,495 3,718 Knowledge Learning Corp., 7.750%, 02/01/15, Callable 02/01/10 @103.88 (d) 1,960 1,970 Service Corp. International, 7.200%, 06/01/06 3,872 4,008 Service Corp. International, 6.875%, 10/01/07 950 993 Service Corp. International, 6.500%, 03/15/08 680 698 Service Corp. International, 7.700%, 04/15/09 11,213 11,885 Service Corp. International, 7.875%, 02/01/13 63 67 Stewart Enterprises, 10.750%, 07/01/08, Callable 07/01/05 @ 105.38 10,494 11,333 United Rentals North America, Inc., 6.500%, 02/15/12, Callable 02/15/08 @ 103.25 2,240 2,201 ------ 50,734 ------ COMPUTERS (0.6%) Seagate Technology HDD Holdings, 8.000%, 05/15/09, Callable 05/15/06 @ 104 3,639 3,912
Page 004 Unisys Corp., 8.125%, 06/01/06 3,917 4,093 ------ 8,005 ------ COSMETICS/PERSONAL CARE (0.2%) Elizabeth Arden, Inc., 7.750%, 01/15/14, Callable 01/15/09 @ 103.88 3,440 3,603 ------ DIVERSIFIED FINANCIAL SERVICES (1.7%) Aes Ironwood LLC, 8.857%, 11/30/25 958 1,082 Aes Red Oak LLC, Ser A, 8.540%, 11/30/19 1,595 1,786 Aes Red Oak LLC, Ser B, 9.200%, 11/30/29 2,200 2,464 Borden U.S. Financial/Nova Scotia, 9.000%, 07/15/14, Callable 07/15/09 @ 104.50 (d) 3,480 3,829 Consolidated Communication Holdings, 9.750%, 04/01/12, Callable 04/01/08 @ 104.88(d) 2,015 2,176 Jostens IH Corp., 7.625%, 10/01/12, Callable 10/01/08 @ 103.81 (d) 3,685 3,749 Rainbow National Services LLC, 8.750%, 09/01/12, Callable 09/01/08 @ 104.38 (d) 1,245 1,401 Refco Finance Holdings, 9.000%, 08/01/12, Callable 08/01/08 @ 104.50 (d) 2,370 2,583 UGS Corp., 10.000%, 06/01/12, Callable 06/01/08 @ 105(d) 2,413 2,690 Universal City Florida Holdings, 7.200%, 05/01/10, Callable 11/01/06 @ 103(c) 1,765 1,836 Universal City Florida Holdings, 8.375%, 05/01/10, Callable 05/01/07 @ 104.19 970 1,009 ------ 24,605 ------ ELECTRIC (12.7%) AES Corp. (The), 9.375%, 09/15/10 (e) 2,775 3,139 AES Corp. (The), 8.750%, 05/15/13, Callable 05/15/08 @ 104.38(d) 14,847 16,629 Allegheny Energy Supply, Inc., 7.800%, 03/15/11 2,605 2,820 Allegheny Energy Supply, Inc., 8.250%, 04/15/12 (d) 1,695 1,886 Aquila, Inc., 9.950%, 02/01/11 960 1,081 Aquila, Inc., 14.875%, 07/01/12 5,635 7,861 BRL Universal Equipment LP, 8.875%, 02/15/08, Callable 02/15/05 @ 104.44 8,264 8,646 Edison Mission Energy, 10.000%, 08/15/08 490 566 Edison Mission Energy, 9.875%, 04/15/11 12,225 14,288 FirstEnergy Corp, Ser B, 6.450%, 11/15/11 9,925 10,771 FPL Energy Wind Funding, 6.876%, 06/27/17(d) 3,453 3,595 General Cable Corp., 9.500%, 11/15/10, Callable 11/15/07 @ 104.75 6,448 7,254
Page 005 Homer City Funding LLC, 8.137%, 10/01/19 2,671 3,018 Homer City Funding LLC, 8.734%, 10/01/26 3,621 4,255 Inergy LP, 6.875%, 12/15/14, Callable 12/15/09 @ 103.44(d) 3,125 3,109 IPALCO Enterprises, Inc., 8.375%, 11/14/08 5,000 5,600 Kansas Gas & Electric Co., 8.290%, 03/29/16, Callable 12/17/04 @ 103.32 1,100 1,133 Legrand Holding S.A., 10.500%, 02/15/13, Callable 02/15/08 @ 105.25 3,485 4,121 Legrand Holding S.A., 8.500%, 02/15/25(d) 535 631 Midwest Generation LLC, 8.750%, 05/01/34, Callable 05/01/09 @ 104.38 601 672 Midwest Generation LLC, Ser A, 8.300%, 07/02/09 3,350 3,618 Midwest Generation LLC, Ser B, 8.560%, 01/02/16 10,800 12,096 MSW Energy Holdings/Finance, 8.500%, 09/01/10, Callable 09/01/07 @ 104.25 4,290 4,676 MSW Energy Holdings/Finance, Ser B, 7.375%, 09/01/10, Callable 09/01/07 @ 103.69 6,326 6,611 NRG Energy, Inc., 8.000%, 12/15/13, Callable 12/15/08 @ 104(d) 10,208 10,999 PSEG Energy Holdings, 7.750%, 04/16/07 1,163 1,214 PSEG Energy Holdings, 8.625%, 02/15/08 16,185 17,420 PSEG Energy Holdings, 10.000%, 10/01/09 896 1,036 Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38 6,865 6,693 Sithe/Independence Funding Corp., Ser A, 8.500%, 06/30/07 1,745 1,825 Sithe/Independence Funding Corp., Ser A, 9.000%, 12/30/13 8,175 9,159 Texas Genco LLC, 6.875%, 12/15/14, Callable 12/15/09 @ 103.44(d) 6,260 6,479 ------- 182,901 ------- ELECTRICAL COMPONENTS & EQUIPMENT (0.2%) Rayovac Corp., 7.375%, 02/01/15, Callable 02/07/10 @ 103.69(d) 3,250 3,278 ------- ELECTRONICS (1.1%) Fisher Scientific International, Inc., 8.125%, 05/01/12, Callable 05/01/07 @ 104.06 1,745 1,926 Sanmina SCI Corp., 10.375%, 01/15/10, Callable 01/15/07 @ 105.19 11,866 13,468 Sanmina-SCI Corp., 3.000%, 03/15/07, Callable 12/10/04 @ 101.29 (e) 1,235 1,173 ------- 16,567 ------- ENERGY - ALTERNATIVE SERVICES (0.5%) Salton Sea Funding Corp., Ser C, 7.840%, 05/30/10 4,864 5,242
Page 006 Salton Sea Funding Corp., Ser F, 7.475%, 11/30/18 1,251 1,371 ------ 6,613 ------ ENTERTAINMENT (2.1%) Argosy Gaming Co., 9.000%, 09/01/11, Callable 09/01/06 @ 104.50 8,116 8,988 Capitol Records, Inc., 8.375%, 08/15/09 (d) 5,623 6,312 Isle of Capri Casinos, Inc., 9.000%, 03/15/12, Callable 03/15/07 @ 104.50 2,705 2,986 Penn National Gaming, Inc., 8.875%, 03/15/10, Callable 03/15/06 @ 104.44 2,025 2,187 Penn National Gaming, Inc., Ser B, 11.125%, 03/01/08, Callable 03/01/05 @ 105.56 3,195 3,387 Warner Music Group, 7.375%, 04/15/14, Callable 04/15/09 @ 103.69 (d) 6,777 7,082 ------ 30,942 ------ ENVIRONMENT CONTROL (0.8%) Allied Waste North America, Inc., Ser B, 8.500%, 12/01/08 7,407 7,721 Allied Waste North America, Inc., Ser B, 9.250%, 09/01/12, Callable 09/01/07 @ 104.63 465 493 Casella Waste Systems, 9.750%, 02/01/13, Callable 02/01/08 @ 104.88 2,675 2,943 ------ 11,157 ------ FOOD (2.6%) Dean Foods Co., 8.150%, 08/01/07 13,292 14,355 Del Monte Corp., 8.625%, 12/15/12, Callable 12/15/07 @ 104.31 1,097 1,219 Pilgrim's Pride Corp., 9.625%, 09/15/11, Callable 09/15/06 @ 104.81 1,775 1,972 Smithfield Foods, Inc., Ser B, 8.000%, 10/15/09 3,957 4,368 Smithfield Foods, Inc., Ser B, 7.750%, 05/15/13 (e) 5,015 5,554 Stater Brothers Holdings, Inc., 5.380%, 06/15/10 (c) 2,159 2,224 Swift & Co., 10.125%, 10/01/09, Callable 10/01/06 @ 105.06 2,610 2,917 Swift & Co., 12.500%, 01/01/10, Callable 10/01/06 @ 106.25 955 1,084 United Agricultural Products, 8.250%, 12/15/11, Callable 12/15/07 @ 104.13 (d) 3,106 3,347 ------ 37,040 ------ FOREST PRODUCTS & PAPER (4.6%) Appleton Papers, Inc., 8.125%, 06/15/11, Callable 06/15/08 @ 104.06 2,601 2,744 Appleton Papers, Inc., Ser B, 9.750%, 06/15/14, Callable 06/15/09 @ 104.88 1,509 1,622 Boise Cascade LLC, 5.535%, 10/15/12, Callable 12/09/04 @ 103 (c) (d) 8,125 8,348 Boise Cascade LLC, 7.125%, 10/15/14, Callable 10/15/09 @ 103.56 (d) 2,600 2,724 Georgia Pacific Corp., 7.375%, 07/15/08 7,907 8,560
Page 007 Georgia Pacific Corp., 8.875%, 02/01/10 7,457 8,631 Georgia-Pacific Corp., 8.125%, 05/15/11 6,677 7,679 Georgia-Pacific Corp., 9.500%, 12/01/11 2,150 2,650 Georgia-Pacific Corp., 8.875%, 05/15/31 7,814 9,962 Millar Western Forest Products Ltd., 7.750%, 11/15/13, Callable 11/15/08 @ 103.88 3,225 3,370 Neenah Paper, Inc., 7.375%, 11/15/14, Callable 11/15/09 @ 103.69 (d) 4,000 4,020 Tembec Industries, Inc., 8.500%, 02/01/11 4,130 4,089 Tembec Industries, Inc., 7.750%, 03/15/12 1,745 1,658 ------ 66,057 ------ HEALTHCARE - PRODUCTS (1.1%) Dade Behring, Inc., 11.910%, 10/03/10, Callable 10/03/05 @ 105.95 5,333 5,893 Kinetic Concepts, Inc., 7.375%, 05/15/13, Callable 05/15/08 @ 103.69 2,241 2,375 Sybron Dental Specialties, Inc., 8.125%, 06/15/12, Callable 06/15/07 @ 104.06 2,542 2,758 Universal Hospital Services, Inc., 10.125%, 11/01/11, Callable 11/01/07 @ 105.06 5,245 5,429 ------ 16,455 ------ HEALTHCARE - SERVICES (2.6%) Coventry Health Care, Inc., 5.875%, 01/15/12 (d) 1,425 1,446 Coventry Health Care, Inc., 8.125%, 02/15/12, Callable 02/15/07 @ 104.06 5,418 5,919 Coventry Health Care, Inc., 6.125%, 01/15/15 (d) 1,110 1,127 HCA, Inc., 8.750%, 09/01/10 6,578 7,489 HCA, Inc., 7.875%, 02/01/11 1,862 2,047 HCA, Inc., 7.500%, 11/15/95 6,376 6,154 Pacificare Health Systems, 10.750%, 06/01/09, Callable 06/01/06 @ 105.38 4,687 5,296 Select Medical Corp., 9.500%, 06/15/09, Callable 06/15/05 @ 104.75 1,042 1,183 Select Medical Corp., 7.500%, 08/01/13, Callable 08/01/08 @ 103.75 683 728 Triad Hospitals, Inc., 7.000%, 05/15/12, Callable 05/15/08 @ 103.50 6,195 6,482 ------ 37,871 ------ HOLDING COMPANIES-DIVERSIFIED (0.3%) Leucadia National Corp., 7.000%, 08/15/13 3,225 3,330 Leucadia National Corp., 8.650%, 01/15/27, Callable 01/15/07 @ 104.28 725 754 ------ 4,084 ------ INSURANCE (1.6%) AFC Capital Trust I, Ser B, 8.207%, 02/03/27 (e) 3,797 4,094 Allmerica Financial Corp., 7.625%, 10/15/25 1,525 1,610
Page 008 Crum & Forster Holdings Corp., 10.375%, 06/15/13, Callable 06/15/08 @ 105.19 1,624 1,815 Fairfax Financial Holdings Ltd., 7.750%, 04/26/12 2,465 2,520 Fairfax Financial Holdings Ltd., 7.375%, 04/15/18 5,061 4,959 Fairfax Financial Holdings Ltd., 8.300%, 04/15/26 155 154 Fairfax Financial Holdings Ltd., 7.750%, 07/15/37 3,625 3,299 Markel Capital Trust I, Ser B, 8.710%, 01/01/46, Callable 01/01/07 @ 104.36 4,000 4,452 ------ 22,903 ------ LODGING (5.7%) Caesars Entertainment, 9.375%, 02/15/07 755 826 Caesars Entertainment, 7.500%, 09/01/09 5,887 6,535 Chumash Casino & Resort Enterprise, 9.000%, 07/15/10, Callable 07/15/06 @ 104.50 (d) 3,058 3,341 Kerzner International Ltd., 8.875%, 08/15/11, Callable 08/15/06 @ 104.44 4,018 4,540 Mandalay Resort Group, 9.500%, 08/01/08 1,546 1,685 Mandalay Resort Group, Ser B, 10.250%, 08/01/07 20,936 23,658 MGM Mirage, Inc., 9.750%, 06/01/07 6,920 7,681 MGM Mirage, Inc., 8.500%, 09/15/10 18,079 20,474 Venetian Casino Resort LLC, 11.000%, 06/15/10, Callable 06/15/06 @ 105.50 3,775 4,266 Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/09 @ 103.31 (d) 10,160 9,982 ------ 82,988 ------ MACHINERY DIVERSIFIED (0.3%) Dresser-Rand Group, Inc., 7.375%, 11/01/14, Callable 11/01/09 @ 103.69 (d) 1,800 1,841 NMGH Holding Co., 10.000%, 05/15/09, Callable 05/15/06 @ 105 2,630 2,906 ------ 4,747 ------ MEDIA (10.5%) Cablevision Systems Corp., 6.669%, 04/01/09 (c) (d) 1,925 2,089 Cablevision Systems Corp., 8.000%, 04/15/12 (d) 3,410 3,683 Canwest Media, Inc., 8.000%, 09/15/12, Callable 09/15/11 @ 100 13,173 14,095 CanWest Media, Inc., Ser B, 7.625%, 04/15/13, Callable 04/15/08 @ 103.81 3,562 3,847 Charter Communications LLC, 8.000%, 04/30/12 (d) 3,360 3,385 Charter Communications LLC, 8.375%, 04/30/14, Callable 04/30/09 @ 104.19 630 646 CORUS Entertainment, Inc., 8.750%, 03/01/12, Callable 03/01/07 @ 104.38 4,146 4,504 CSC Holdings, Inc., 7.250%, 07/15/08 45 48
Page 009 CSC Holdings, Inc., 10.500%, 05/15/16, Callable 05/15/06 @ 105.25 5,370 6,028 Dex Media East Finance, 9.875%, 11/15/09, Callable 11/15/06 @ 104.94 9,233 10,341 Dex Media West Finance, Ser B, 8.500%, 08/15/10, Callable 08/15/07 @ 104.25 2,505 2,724 Dex Media West Finance, Ser B, 9.875%, 08/15/13, Callable 08/15/08 @ 104.94 10,417 11,810 Dex Media, Inc., 9.000%, 11/15/13, Callable 11/15/08 @ 104.50 (c) 2,870 2,160 Dex Media, Inc., 9.000%, 11/15/13, Callable 11/15/08 @ 104.50 (c) 1,145 862 Directv Holdings, 8.375%, 03/15/13, Callable 03/15/08 @ 104.19 22,402 25,230 EchoStar DBS Corp., 5.256%, 10/01/08, Callable Call 10/01/05 @ 102 (c) 4,830 4,987 EchoStar DBS Corp., 9.125%, 01/15/09, Callable 01/15/06 @ 104.56 5,989 6,513 Gray Television, Inc., 9.250%, 12/15/11, Callable 12/15/06 @ 104.62 3,435 3,821 Houghton Mifflin Co., 8.250%, 02/01/11, Callable 02/01/11 @ 104.12 2,040 2,132 Kabel Deutschland GMBH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31 (d) 11,400 12,882 Mediacom Broadband LLC, 11.000%, 07/15/13, Callable 07/15/06 @ 105.50 2,605 2,807 PRIMEDIA, Inc., 7.625%, 04/01/08, Callable 03/17/05 @ 102.54 1,050 1,068 PRIMEDIA, Inc., 8.875%, 05/15/11, Callable 05/15/06 @ 104.44 1,155 1,219 PRIMEDIA, Inc., 8.000%, 05/15/13, Callable 05/15/08 @ 104 3,680 3,772 Quebecor Media, Inc., 11.125%, 07/15/11, Callable 07/15/06 @ 105.56 2,520 2,835 Radio One, Inc., Ser B, 8.875%, 07/01/11, Callable 07/01/06 @ 104.44 2,725 2,963 Readers Digest Association, Inc., 6.500%, 03/01/11, Callable 03/01/08 @ 103.25 (e) 6,136 6,458 RH Donnelley Finance Corp., 8.875%, 12/15/10, Callable 12/15/06 @ 104.44 1,350 1,495 Sinclair Broadcast Group, Inc., 8.750%, 12/15/11, Callable 12/15/06 @ 104.38 (e) 7,570 8,062 ------- 152,466 ------- MINING (0.9%) Novelis, Inc., 7.250%, 02/15/15, Callable 02/15/10 @ 103.63 (d) 12,705 13,023 ------- MISCELLANEOUS MANUFACTURER (0.1%) Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94 1,881 2,135 ------- OFFICE/BUSINESS EQUIPMENT (1.1%) Xerox Corp., 9.750%, 01/15/09 11,974 13,830 Xerox Corp., 7.125%, 06/15/10 1,425 1,535 ------- 15,365 -------
Page 010 OIL & GAS (7.1%) AmeriGas Partners/Eagle Finance, Ser B, 8.875%, 05/20/11, Callable 05/20/06 @ 104.44 4,782 5,165 AmeriGas Partners/Eagle Finance, Ser D, 10.000%, 04/15/06 1,030 1,092 Chesapeake Energy Corp., 9.000%, 08/15/12, Callable 08/15/07 @ 104.50 6,628 7,506 Chesapeake Energy Corp., 7.500%, 09/15/13, Callable 09/15/08 @ 103.75 (e) 12,532 13,659 Chesapeake Energy Corp., 7.500%, 06/15/14, Callable 06/15/09 @ 103.75 3,589 3,912 Chesapeake Energy Corp., 7.750%, 01/15/15, Callable 01/15/08 @ 103.88 (e) 3,840 4,171 CITGO Petroleum Corp., 7.875%, 05/15/06 615 641 Encore Acquisition Co., 8.375%, 06/15/12, Callable 06/15/07 @ 104.19 1,837 2,025 EXCO Resources, Inc., 7.250%, 01/15/11, Callable 01/15/07 @ 105.44 7,213 7,610 FerrellGas Partners, LP, 8.750%, 06/15/12, Callable 06/15/07 @ 104.38 6,054 6,478 FerrellGas Partners, LP, 6.750%, 05/01/14, Callable 05/01/09 @ 103.38 681 678 Forest Oil Corp., 8.000%, 06/15/08 8,994 9,770 Forest Oil Corp., 8.000%, 12/15/11 3,898 4,419 Premcor Refining Group, Inc., 9.250%, 02/01/10, Callable 02/01/07 @ 104.63 6,667 7,467 Premcor Refining Group, Inc., 6.750%, 02/01/11 3,032 3,237 Premcor Refining Group, Inc., 6.125%, 05/01/11 2,576 2,673 Premcor Refining Group, Inc., 7.750%, 02/01/12, Callable 02/01/08 @103.88 (e) 5,250 5,709 Swift Energy Co., 7.625%, 07/15/11, Callable 07/15/08 @ 103.81 3,715 4,003 Swift Energy Co., 9.375%, 05/01/12, Callable 05/01/07 @ 104.69 2,686 2,981 Western Oil Sands, Inc., 8.375%, 05/01/12 7,774 9,096 ------- 102,292 ------- OIL & GAS SERVICES (0.6%) Hanover Compressor Co., 8.625%, 12/15/10, Callable 12/15/07 @ 104.31 1,785 1,928 Hanover Compressor Co., 9.000%, 06/01/14, Callable 06/01/09 @ 104.50 2,020 2,222 Hanover Equipment Trust 01, Ser B, 8.750%, 09/01/11, Callable 09/01/06 @ 104.38 (c) 3,291 3,554 Universal Compression, Inc., 7.250%, 05/15/10, Callable 05/15/07 @ 103.62 430 454 ------- 8,158 ------- PACKAGING & CONTAINERS (4.1%) Berry Plastics Corp., 10.750%, 07/15/12, Callable 07/15/07 @ 105.38 (e) 2,125 2,423 CROWN EURO Holdings SA, 9.500%, 03/01/11, Callable 03/01/07 @ 104.75 7,620 8,496 CROWN EURO Holdings SA,
Page 011 10.875%, 03/01/13, Callable 03/01/08 @ 105.44 5,986 7,019 Graphic Packaging International, 9.500%, 08/15/13, Callable 08/15/08 @ 104.75 3,430 3,824 Jefferson Smurfit Corp., 8.250%, 10/01/12, Callable 01/10/07 @ 104.12 5,760 6,106 Owens-Brockway Glass Container, 8.875%, 02/15/09, Callable 02/15/06 @ 104.44 (e) 5,655 6,114 Owens-Brockway Glass Container, 8.750%, 11/15/12, Callable 11/15/07 @ 104.38 8,880 9,880 Plastipak Holdings, Inc., 10.750%, 09/01/11, Callable 09/01/06 @ 105.38 1,440 1,620 Stone Container Corp., 9.250%, 02/01/08 2,740 3,000 Stone Container Corp., 9.750%, 02/01/11, Callable 02/01/06 @ 104.88 3,075 3,359 Stone Container Corp., 8.375%, 07/01/12, Callable 07/01/07 @ 104.19 6,519 6,910 ------ 58,751 ------ PHARMACEUTICALS (0.6%) Elan Financial Corp. PLC, 6.510%, 11/15/11, Callable 11/15/06 @ 102 (c) (d) 1,620 1,689 Elan Financial Corp. PLC, 7.750%, 11/15/11, Callable 11/15/08 @ 103.88 (d) 7,170 7,493 ------ 9,182 ------ PIPELINES (3.4%) Dynegy Holdings, Inc., 10.125%, 07/15/13, Callable 07/15/08 @ 105.06 (d) 6,929 7,691 Transcontinental Gas Pipe Line Corp., Ser B, 8.875%, 07/15/12 1,015 1,232 TransMontaigne, Inc., 9.125%, 06/01/10, Callable 06/01/07 @ 104.56 1,448 1,557 Williams Cos., Inc., 7.125%, 09/01/11 18,100 19,683 Williams Cos., Inc., 8.125%, 03/15/12 (c) 6,700 7,705 Williams Cos., Inc., 8.750%, 03/15/32 9,055 10,866 ------ 48,734 ------ REAL ESTATE (0.4%) CB Richard Ellis Group, Inc., 9.750%, 05/15/10, Callable 05/15/07 @ 104.88 2,451 2,794 CB Richard Ellis Services, 11.250%, 06/15/11, Callable 06/15/06 @ 105.63 2,755 3,141 ------ 5,935 ------ REITS (0.9%) Host Marriott LP, Ser G, 9.250%, 10/01/07 2,398 2,650 Host Marriott LP, Ser I, 9.500%, 01/15/07 7,530 8,151 Omega Healthcare Investors, Inc., 7.000%, 04/01/14 (d) 1,715 1,732 ------ 12,533 ------ RETAIL (2.6%)
Page 012 AutoNation, Inc., 9.000%, 08/01/08 7,086 7,971 Carrols Holding Corp., 9.000%, 01/15/13, Callable 01/15/09 @ 104.50 (d) 2,050 2,137 Couche-Tard US/Finance, 7.500%, 12/15/13, Callable 12/15/08 @ 103.75 2,375 2,512 Group 1 Automotive, Inc., 8.250%, 08/15/13, Callable 08/15/08 @ 104.13 1,350 1,418 Pantry, Inc., 7.750%, 02/15/14, Callable 02/15/09 @ 103.88 3,153 3,310 PETCO Animal Supplies, Inc., 10.750%, 11/01/11, Callable 11/01/06 @ 105.38 1,105 1,287 Rite Aid Corp., 8.125%, 05/01/10, Callable 05/01/07 @ 104.06 1,830 1,899 Rite Aid Corp., 9.500%, 02/15/11, Callable 02/15/07 @ 104.38 2,997 3,222 Rite Aid Corp., 7.500%, 01/15/15, Callable 01/15/10 @ 103.75 1,100 1,084 Sonic Automotive, Inc., Ser B, 8.625%, 08/15/13, Callable 08/15/08 @ 104.31 3,904 4,157 Toys "R" Us, Inc., 7.625%, 08/01/11 (e) 1,610 1,670 Toys "R" Us, Inc., 7.875%, 04/15/13 (e) 2,820 2,898 Toys "R" Us, Inc., 7.375%, 10/15/18 (e) 3,000 2,884 United Auto Group, Inc., 9.625%, 03/15/12, Callable 03/15/07 @ 104.81 1,678 1,829 ------ 38,278 ------ SEMICONDUCTORS (0.6%) Fairchild Semiconductor Corp., 5.000%, 11/01/08, Callable 01/06/05 @ 102.25 3,161 3,185 Freescale Semiconductor, 5.410%, 07/15/09, Callable 07/15/06 @ 102(c) 2,988 3,100 MagnaChip Semiconductor Ltd., 6.875%, 12/15/11, Callable 12/15/08 @ 103.44 (d) 1,865 1,921 ------ 8,206 ------ TELECOMMUNICATIONS (13.9%) AT&T Corp., 9.050%, 11/15/11(c) (e) 19,340 22,435 AT&T Corp., 9.750%, 11/15/31(c) 8,970 11,426 Citizens Communications Co., 7.625%, 08/15/08 5,000 5,438 Citizens Communications Co., 9.250%, 05/15/11 10,660 12,446 Citizens Communications Co., 9.000%, 08/15/31(e) 3,530 4,015 Inmarsat Finance PLC, 7.625%, 06/30/12, Callable 03/01/08 @ 103.81 8,498 8,668 Insight Midwest, Inc., 10.500%, 11/01/10, Callable 11/01/05 @ 105.25 2,050 2,235 Intelsat Bermuda Ltd., 7.794%, 01/15/12, Callable 07/15/05 @ 102(c)(d) 3,265 3,363 Intelsat Bermuda Ltd., 8.250%, 01/15/13, Callable 01/15/09 @ 104.13(d) 10,030 10,381 Intelsat Bermuda Ltd., 8.625%,
Page 013 01/15/15, Callable 01/15/10 @ 104.31 (d) 1,270 1,322 Intelsat Ltd., 5.250%, 11/01/08 7,435 6,998 Lucent Technologies, Inc., 6.450%, 03/15/29 (e) 6,765 6,038 MCI, Inc., 6.908%, 05/01/07 4,985 5,097 MCI, Inc., 8.735%, 05/01/14 (e) 10,250 11,211 Nextel Communications, 6.875%, 10/31/13, Callable 10/31/08 @ 103.44 10,440 11,340 Nextel Communications, 5.950%, 03/15/14, Callable 03/15/09 @ 102.98 5,875 6,095 Nextel Communications, 7.375%, 08/01/15, Callable 08/01/08 @ 103.69 10,296 11,351 NTL Cable PLC, 8.750%, 04/15/14, Callable 04/15/09 @ 104.38 (d) 6,564 7,302 PanAmSat Holding Corp., 6.375%, 01/15/08 75 78 PanAmSat Holding Corp., 9.000%, 08/15/14, Callable 08/15/09 @ 104.50 13,055 14,198 Qwest Communications International, Inc., 6.544%, 02/15/09 (c) (d) 3,340 3,390 Qwest Communications International, Inc., 7.875%, 09/01/11(d) 10,190 10,903 Qwest Communications International, Inc., 7.500%, 02/15/14 (c) (d) 2,855 2,905 Qwest Communications International, Inc., 7.500%, 06/15/23, Callable 12/17/04 @ 103.02 4,770 4,651 Qwest Communications International, Inc., 7.200%, 11/10/26, Callable 11/10/05 @ 103.04 146 137 Qwest Communications, Inc., 8.875%, 06/01/31, Callable 03/17/05 @105.03 3,060 3,182 Rogers Cantel, Inc., 9.750%, 06/01/16 4,350 5,220 Rogers Wireless, Inc., 5.525%, 12/15/10, Callable 12/15/06 @ 102 (c) 2,285 2,405 Rogers Wireless, Inc., 9.625%, 05/01/11 368 434 Rogers Wireless, Inc., 7.250%, 12/15/12 2,785 2,973 Rogers Wireless, Inc., 6.375%, 03/01/14 2,535 2,554 --------- 200,191 --------- TRANSPORTATION (0.5%) CHC Helicopter Corp., 7.375%, 05/01/14, Callable 05/01/09 @ 103.69 3,182 3,333 Petroleum Helicopters, Ser B, 9.375%, 05/01/09, Callable 05/01/06 @ 104.69 2,990 3,244 --------- 6,577 --------- TOTAL CORPORATE BONDS (COST $1,363,377) 1,397,296 --------- PREFERRED STOCKS (0.0%) MEDIA (0.0%) Shaw Communications, Inc., 8.500% 23,000 587 --------- TOTAL PREFERRED STOCKS (COST $489) 587 --------- SHORT-TERM INVESTMENTS (4.6%) Boston Global Investment Trust - Enhanced Portfolio (g) 66,522,325 66,522 ---------
Page 014 TOTAL SHORT-TERM INVESTMENTS (COST $66,522) 66,522 ---------- REPURCHASE AGREEMENTS (3.0%) Lehman Brothers, 2.395%, dated 1/31/05, to be repurchased on 02/01/05, repurchase price $42,934,787 (collateralized by U.S. Government Agencies, 5.000%, due 01/01/35; total market value $43,790,641) $ 42,932 42,932 ---------- TOTAL REPURCHASE AGREEMENTS (COST $42,932) 42,932 ---------- TOTAL INVESTMENTS (COST $1,475,217) (a) - 104.4% 1,509,254 LIABILITIES IN EXCESS OF OTHER ASSETS - (4.4)% (63,992) ---------- NET ASSETS - 100.0% $1,445,262 ==========
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. Page 015 STI CLASSIC FIXED INCOME FUNDS CLASSIC INSTITUTIONAL LIMITED DURATION FUND Schedule of Portfolio Investments January 31, 2005 (Unaudited) (Amounts in thousands)
PRINCIPAL AMOUNT VALUE ------------ ------------ U.S. TREASURY OBLIGATIONS (53.3%) U.S. TREASURY NOTES 7.500%, 02/15/05 $ 19,000 $ 19,038 1.500%, 02/28/05 19,500 19,489 1.625%, 03/31/05 21,000 20,975 ------------ TOTAL U.S. TREASURY OBLIGATIONS (COST $59,513) 59,502 ------------ CASH EQUIVALENTS (40.7%) CREDIT CARD ABS (12.0%) American Express Credit Account Master Trust, Ser 2000-2, Cl A, 2.645%, 09/17/07 (c) 2,683 2,683 American Express Credit Account Master Trust, Ser 2002-2, Cl A, 2.480%, 05/15/06 (c) 1,406 1,405 BA Master Credit Card Trust, Ser 2001-A, Cl A, 2.600%, 06/15/08 (c) 4,720 4,726 Citibank Credit Card Issuance Trust, Ser 2002-A5 Cl A5, 2.530%, 09/17/07 (c) 4,567 4,567 ------------ 13,381 ------------ FANNIE MAE (6.6%) Ser 2002-T10, Cl A1, 2.537%, 06/25/32 (c) 1,984 1,979 Ser 2002-T13, Cl A1, 2.630%, 08/25/32 (c) 2,307 2,306 Ser 2003-T4, Cl 1A, 2.654%, 09/26/33 (c) 3,058 3,059 ------------ 7,344 ------------ FREDDIE MAC (2.0%) Ser T-049, Cl AV, 2.680%, 12/25/32 (c) 2,181 2,182 ------------ HOME EQUITY ABS (6.1%) Mellon Bank Home Equity Loan Trust, Ser 2001-1, Cl A, 2.740%, 03/20/27 (c) 2,084 2,085 Residential Asset Securities Corp., Ser 2003-KS4, Cl AIIB, 2.820%, 06/25/33 (c) 2,914 2,918 Residential Funding Mortgage Securities I, Ser 2003-HS1, Cl A2, 2.820%, 12/25/32 (c) 1,791 1,793 ------------ 6,796 ------------ OTHER ABS (14.0%) Amortizing Residential Collateral Trust, Ser 2002-BC1F, Cl A, 2.810%, 01/25/32 (c) 2,103 2,101 Amortizing Residential Collateral Trust, Ser 2002-BC3M, Cl A, 2.800%, 06/25/32 (c) 1,520 1,521
Page 016 Countrywide Home Equity Loan Trust, Ser 2002-B, Cl A1, 2.730%, 04/15/28 (c) 2,611 2,612 Countrywide Home Equity Loan Trust, Ser 2002-D, Cl A1, 2.720%, 08/15/28 (c) 2,341 2,340 Fleet Home Equity Loan Trust, Ser 2003-1, Cl A, 2.770%, 01/20/33 (c) 2,449 2,451 Greenpoint Home Equity Loan Trust, Ser 2003-1, Cl A, 2.750%, 04/15/29 (c) 1,392 1,393 Merrill Lynch Home Equity Loan, Ser 1997-1, Cl A, 2.710%, 09/25/27 (c) 277 277 Wachovia Asset Securitization, Inc., Ser 2003-HE1, Cl A1, 2.820%, 03/25/33 (c) 3,112 3,117 ------------ 15,812 ------------ TOTAL CASH EQUIVALENTS (COST $45,512) 45,515 ------------ REPURCHASE AGREEMENTS (5.4%) Lehman Brothers, 2.395%, dated 01/31/05, to be repurchased 02/01/05, repurchase price $6,092,883 (collateralized by U.S. Government Agencies, 5.000%, due 01/01/35; total market value 6,216,416) 6,092 6,092 ------------ TOTAL REPURCHASE AGREEMENTS (COST $6,092) 6,092 ------------ TOTAL INVESTMENTS (COST $111,117) (a) - 99.4% 111,109 OTHER ASSETS IN EXCESS OF LIABILITIES - 0.6% 676 ------------ NET ASSETS - 100.0% $ 111,785 ============
---------- SEE NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS. Page 017 NOTES TO SCHEDULES OF PORTFOLIO INVESTMENTS JANUARY 31, 2005 (Unaudited) (a) Cost and gross unrealized appreciation/(depreciation) on a tax basis are as follows (amounts in thousands):
NET UNREALIZED UNREALIZED UNREALIZED APPRECIATION/ FUND COST APPRECIATION DEPRECIATION (DEPRECIATION) -------------------------------------------- ----------- ------------ ------------ -------------- Classic Institutional Core Bond Fund $ 261,490 $ 1,507 $ (223) $ 1,284 Classic Institutional Intermediate Bond Fund 47,493 316 (115) 201 Seix Institutional High Yield Fund 1,475,379 40,274 (6,399) 33,875 Classic Institutional Limited Duration Fund 111,120 12 (23) (11)
(b) Principal Amount and/or value is less than five hundred dollars. (c) Variable rate security. Rate presented represents rate in effect at January 31, 2005. Maturity date represents actual maturity date. (d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund's advisor has deemed this security to be liquid based upon procedures approved by the Board of Trustees. (e) This security or a partial position of the security was on loan at January 31, 2005. The total value of securities on loan at January 31, 2005 in thousands was $65,089 for the Seix Institutional High Yield Fund. (f) Security purchased on a when-issue basis. (g) This security was purchased with cash collateral held from securities lending. (h) Step bond. (i) Perpetual bond. This is a bond that has no maturity date, is not redeemable and pays a steady stream of interest indefinitely. The following abbreviations are used in these Schedules of Portfolio Investments: Cl Class REIT Real Estate Investment Trust Ser Series Page 018 ITEM 2. CONTROLS AND PROCEDURES. (a) Disclose the conclusions of the registrant's principal executive and principal financial officers, or persons performing similar functions, regarding the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)). THE REGISTRANT'S PRINCIPAL EXECUTIVE OFFICER AND PRINCIPAL FINANCIAL OFFICER HAVE CONCLUDED, BASED ON THEIR EVALUATION OF THE REGISTRANT'S DISCLOSURE CONTROLS AND PROCEDURES AS CONDUCTED WITHIN 90 DAYS OF THE FILING DATE OF THIS REPORT, THAT THESE DISCLOSURE CONTROLS AND PROCEDURES ARE ADEQUATELY DESIGNED AND ARE OPERATING EFFECTIVELY TO ENSURE THAT INFORMATION REQUIRED TO BE DISCLOSED BY THE REGISTRANT ON FORM N-Q IS (i) ACCUMULATED AND COMMUNICATED TO THE INVESTMENT COMPANY'S MANAGEMENT, INCLUDING ITS CERTIFYING OFFICERS, TO ALLOW TIMELY DECISIONS REGARDING REQUIRED DISCLOSURE; AND (ii) RECORDED, PROCESSED, SUMMARIZED AND REPORTED WITHIN THE TIME PERIODS SPECIFIED IN THE SECURITIES AND EXCHANGE COMMISSION'S RULES AND FORMS. (b) Disclose any change in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. THERE WERE NO CHANGES IN THE REGISTRANT'S INTERNAL CONTROL OVER FINANCIAL REPORTING THAT OCCURRED DURING THE REGISTRANT'S MOST RECENT FISCAL QUARTER THAT HAVE MATERIALLY AFFECTED, OR ARE REASONABLY LIKELY TO MATERIALLY AFFECT, THE REGISTRANT'S INTERNAL CONTROL OVER FINANCIAL REPORTING. ITEM 3. EXHIBITS. File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). CERTIFICATIONS PURSUANT TO RULE 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. (Registrant) STI Classic Funds By (Signature and Title)* /s/ Bryan Haft ---------------------------------------------------- Bryan Haft, Treasurer, STI Classic Funds Date March 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 below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By (Signature and Title)* /s/ R. Jeffrey Young ---------------------------------------------------- R. Jeffrey Young, President, STI Classic Funds Date March 28, 2005 By (Signature and Title)* /s/ Bryan Haft ---------------------------------------------------- Bryan Haft, Treasurer, STI Classic Funds Date March 28, 2005 * Print the name and title of each signing officer under his or her signature.